New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-03-27

route This system was put into practical operation
on July 1, 1877, and continued until about Septem.
Der /, when il was partially abandoned. 80 far e
the actual transfer from one line to another WA
concerned. although 1t has since been again en-.
forced. The original scheme did not affect ship.
ments from any other city than this. The penalty to
which the New-YOrk railroads submitted, thus 10
prevent competition and cutting Of rates, was an
allowance Baltimore OF lower rates. the basis Of
8 cents less per 100 pounds to Chicago from Balt-
more than from New York. and from Philadelphia 9
cents less than from New-York. This discrimination
still exists whether the rates high or low, and
whether they are according to schedule or at .
"cutn
Later the commissioner extended his authority 80
far as to dictate by what routes the freight
should go after passing the Western points of his
original Jurisdiction Pittsburg and Buffalo, and the
managers of the trunk lines actually obeyed the
commissioners "bull7 SO far as to deliver freight
to different connecting line from that designated
by the shipper, frequently causing it to follow
circuitous route and delaying its delivery several
days. But ic seems that some Western merchants,
to obviate this difficulty have been shipping their
goods from this city to Philadelphia and Boston,
and billing them thence to their destinations BY
whatever routes they preferred. Mr.. Commissioner
Fink proving equal to the OCCASION promptly issued
IN edct that freight either from Boston or Phil.
adephia, shall pass over the Western roads
which have been interdicted for freight
from New-York. And-wonder Of wonders! THE
managers of the roads from those cities tamely obey
the order. If these hgh-handed proceedings do not
indicate an aufOcracy mad on the one hand, and
a confession Of inability to manage the railways in
trusted to the care of directors the other are
at loss to know what they mean. In the mean
time Western and Southwestern merchants
are becoming eXasperated at the manner in
which their property is actually confscated for
longer or shorter time, and propose to do what New
York merchants should have done at the inception
of the scheme-try issues with the railways, and
learn if they have or have not the right to say
whether freight shall arrive at its destination by
route convenient to their places of business, or by
one three or four miles distant.
The stock market to-day presented little Of in.
terest beyond the continued strength of the North.
west and st. Paul stocks. More than one-half Of
the total transactions for the, day were in these
stocks. The buying was marked. by great conf
dence, which was partly due to the increased re-
ceipts of wheat at Chicago and milwaukee,. North
west common opened at 1873, and after selling at
43, rose to ALA; the preferred sold at 70la
07Ois07 II ls071; st. Paul common at II 9407s
041os, and the preferred at 69oSa7Oi2; The
remaining Western stocks We're dull, steady, and
without feature. Lake Shore was feyerish between
the figures of 632i and64ls while Michigan Central,
after dropping from G5Ss to G1si, closed at G5is.
Central and Hudson sold 400 at 1864, and Erie
was steady at IO129 1865 PIttsburg fell from 7124
to 7Ol2, and Wabash was higher, at l6i2a 1873.
In the coal shares a smaller business was done,
Delaware LackawanDG and Western selling at J20
5I3,052i2 pa 523s; Delaware and Hudson at 5l0
513t45Il2 ard Morris and Essex at 74l2075Ss9
75li Central of New-Jersey was neglected at 1875.
We are informed that the holders OF $7.000,000 OF
the stock of this company have assented to the
reconstruction scheme, aud that the limit
of time for asserting has been extended
to April -. Western Union, to-day, was
dull, and first fell, from 40 to 1855 but
later rallied aud closed at the opening price ATTAIN
tie aud Pacific Telegraph without sale is quoted
IS7sG19.
In Pacific Mail to-day the Z" bears" experienced a
bad fright caused by report that the Congressional
committee would make report 10 Congress fay-
orabe TO the granting of subsidy to the company.
The scramble TO "cOver' carried the price of the
stock from 17Ss to 49, ut which there seemed TO be
sufficient stock TO supply the urgent wants and the
price later settled to 1Sl2Q1S5a The market gem
orally closed firm.
TUES