New-York tribune., 1878-11-23

ready made. never was equalled. But tho prices
which the producers receiving are almost as
ruinous to them as would have been failure, Of
their crops 1t s not impossible that the West may
yet suffer from the same cause that has afflicted the
manufacturers of the INSTRUMENTATION.
At the Stock Exchange, the speculation in stocks
has proved wearsom and uniDterestins. The mar
ket has continued to be supported by main strength,
with the principal attention directed to Lake Shore
the Northwestern and the st. Paul stocks, all of
which record final gains for the week of from = TO
i12 Der cent, although not closing at their best
prices. The movement iu St. Pauls. however, was
more IN sympathy with the force expended on the
Northweserns than from any particular drift of Its
own, and the movement in the Northwest has for
its alleged reason the reports that this conf
pany is earning than itdid at this time in 1877
This does not show much for it. except as contrast
TO the losses reported by the Sc. Paul Company.
Even this is explained by an unauthenticated. but,
we oelleye, a Trustworthy report, that the North
west Company has cut into The traffic of the st.
Paul by 2 reduction of rates at certain important
points III this report be true, even increased gross
earnings may not prevent a reduction in the net
earnings.
Lake Shore during the week has sold as low as
67 81 and as high 60ls, and closed GS7s against
6S9s week ago. The stock has been only irregu-
larry active, AID its price was unaffected by the
admitted cutting on passenger fares. Michigan
81 per cent; while of Central and Hudson
the total sales for the week were only
$50 shares at 112Q111la. Nothing further has
been heard about the proposed east bound pool,
and by railroad men, discontinued with stock spec
ulatOns IL Is asserted to be impTactcable. In the
meantime, has been learned, the Detroit and
Milwaukee Railroad which connects with MIiwau-
kee by boat from Grand Haven, Michigan, has de-
manded of the trunk lines concession OF dtferen-
tia rates because of its longer route to the sea-
board. The Chicago and Northwestern Railroad
Company has requested the trunk lines not to ac-
cede to the demand, saying that if they do the
Northwest Company will lose all its Chicago Win
ter business, and that the trunk lines would
have to go to Milwaukee for tlieir Eastern
frelghts. So 1t would seem that there Is
no remedy for too many railroads. Yet Wabash and
other companies are proposing to construct addI-
tiOnal competing lines in Illinois, State which al
ready is grldirOned with tracks.
The general list of stocks other than those already
named shows decline for the week ran gng from y
to Al per cent Canada Southern which was placed
upon the list at 42l2 and sold at 43, ended at 80.
Illinois Central was particularly weak, declining
per cent and raying "A to 75l The Hannibal and
St. Joseph stocks also lost all their buOyancy and
record final DECLINES of 1l2 and 3 cent for the
common and preferred shares respectively. Wabash,
after rising 10 23 declined 27s ana rallied 7s per
cent Chicago and Alton also was heavy on a small
business, showing final loss of per cent The coal
stocks were iuCtuatlng but all close lower by from
"a TO 3li per cent Western Union. without large
transactions, was cratic and fuctuated frequently
finally closing at decline for the week OF per
cent
The total sales of all stocks for the week
amounted TO 765, 800 shares, against $50, 100 for
the preceding week.