New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-10-09

to the other daily papers Of this city, The stats.
ment as published is as follows:
June % sept ssas7s oSss7s i9 ssY.ss
This report lacks nothing in ingenuity of compo-
sition, because it covers the months Of June and
July Of 1877, that productive of smaller earn.
ings for these months than in any year since 1872.
Even August Of 1877 showed only a slight gain
over the two preceding years, September being the
first month to feel the full effects of the large crop
of 1877. better criterion Of the company's pres
ent and prospective business is furnished by the fol-
lowing statement of it's business for September:
e e5Gss Sr September &
Chic proprietary roads iSS,O74 lOJ,7Ol 2Ssioo
Total of the entire system Se6442 sI4626oo s942sl2
Our usual weekly summary of the movements of
grain for the past week presents figures Of unusual
significance. The movement by lake and canal to-
ward the seaboard was maintained above its aver
age, while that by railroad shows a steady decline
A marked feature Of the movement for the week
that the receipts at Philadelphia and Baltimore
amounted to 1,749,s04 bushels against the deliy-
cries by rail at New-York and Boston combined Of
1,059,159 bushels while the canal deliveries at
New-York were 3,521.237 bushels. or 712sS74
bushels more than delivered by the railroads at
the four ports including New York. This is simply
reflection of the movements before reported al
Buffalo OF the preceding week. The shipments TO
this port from Buffalo during the week were below
the recent average, both by rail and canal The
shipments by railroad were only about 0ne-half as
large as during the preceding week and nearly
third less than for the corresponding week. of 1877
The movements at the Western ports Of Chicago
and Milwaukee were well maintained and give
promise of large stock in hand at the seabOard
before the close of navigation although Milwaukee
makes poor comparison with 1877, because only
moderate quantity of Winter wheat reaches that
port and the supply of good Spring wheat is small.
Information comes from the West of general re-
ductlon In the rates for transportation of
grain, on account of the low grade of the
grain from the Northwest. and the great difference
between the price of No. and No q and of Nos. 3,
and rejected wheat Upon this subject The 81.
Paul and Minneapolis Pioneer Press remarks: This,
then, Is evidently the true reason for what seems
the largely dsproportionate difference in price be-
tween No. 2 and No. 8 wheat. We presume that
very likely there is no such actual difference in
value for milling purposes between No. and No.
wheat as is expressed in the price. But No. wheat
is in superintendent plenty More is offered for sale
than is wanted for milling; while the other hand
No. wheat is very scarce and No. comparatively
scarce, and the price of the different grades there
fore, follows the law of supply and demand. This
to be the true explanation of the vide and APP
parently unreasonable differences IN the prices Of
the different grades"
The stock market to-day opened dull and spirit
less with the coal stocks heavy and others barely
steady. Aud it was not, until now leading oper-
atOr had procured roseae impression of she future of
the coal trade from the president Of the coal com
Dany more interested in the continuance OF the
combination than is any other company, that
change came ana new lie was Impaired 10 Ine en-
tire market. Delaware, Lackawanna and Western
had declined to 53ls, and Central of New-Jersey to
33, but under the new inspiration they rose later
to 547s and 3434 respectively. Lake Shore had been
dull at about 69ls069l, but got up TO 697s9
692l and Erie to 1871, but Central and Hudson and
Michigan Central were neglected and sold at the
same figures all day. OF the granger stocks, the
st. Paul common stock sold at 313s031l 4G31S4,
the preferred at 66l665066, Northwest common
at 39os0 39l2Q40ss, and the preferred as 7O94S
705s07l3s. Wabash also was taken in hand late
in the day. and advanced from 1812 to 1913. Kansas
Pacific was notable because Of transactions ag-
gregating 5000 shares from ga up to 12osOl2ls.
This latter movement is ascrlbed to some recent
successes Of the company in its legal contests with
opposing interests, yet its income No. 16 bonds
are still to be procured at IL, which makes the
present price Of the stock seem high.
Western Union first declined from 953s to 94l2
but rallied TO 90 at the Close AS yet it is scarcely
apparent to what extent the new Continental Tele-
graph Company will prove thorn in the side of the
wOuld-be monopoly. The new line is open for BUSH
ness between New-York and Philadelphia, and
promises to reach Washington before the opening o.
Congress. 1t also promises to soon have line work.
ing to Boston and the East, and has IN cOntempla-
ton other connections, which. if made will rendert
q more formidable competitor TO the Western Union
than any which has preceded 1t. Pacific Mail raj
lied from 1853 to II, but closed at 1874. The market
generally closed strong.
RANGE