New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-10-30
7.2I7875 6.O5E7J6 e.79O.llI
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The total elevator capacity of New-lOrk IS aboue
Is 600. 900 bushels. To the 900, Ill bushels 10
store last Saturday there were 10 be added abOus
100000 bushels atoat in harbor. Since then
900 900 bushels have arrived and the quantity on
the lakes and canal bound East Is estimated to 6e
over 200, 600 bushels The exports from tins pors
alone since August l have been 12,5Oo,OO0 bushels
more than they were last year, and Philadelphia
Baltimore and Boston have made pIpporu0nate
gains: the total for the three cities from August to
October this year having been S,sOnOoO bushels
in excess of the total OF their exports ZOE
the same time of 1877. These figures rep
and is not 10 he done over again. They also repre-
sent so much toward supplying the EuTppean def.
heard at the Stock Exchange than al
the Produce Exchange. With so large 2
proportion Of the export business already done ana
with the prospect of the seaboard elevators Oeln9
more than usually full when navigation closes, no
must be of an extraordinarily sangnine tempera-
mont who anticipates even the usual WINTER Dusl,
ness for the railroads. The demand has quite az
much effect upon the traffic as thc supply has.
This is a lesson which coal men, with capacity Tor
four times the consumption, have learned:
The stock market opened kltng To-Day.
Prices were all 10, and everybody was excited. But
some one Impressed the opportunity 10 sell large
line of stocks, sud stopped scarcely long enough 70
permit rallies N a IS per cent, whle the average
operators cOnti1ed to buy at every decline III aDlc
ipati0n of the- rally soon coming keSitS-prlSes
closed lower than yesterday and nearil down 70 the
prominent, having opened - per cent higher thaD
il closed last night, at 707s From TN, price there
was a steady DECLINE with slight fluctuations DOWN
TO 6sSi Afterward it rallied 10 69l4 and
closed at 647s. Michigan Central opened az
7OIa at which 200 shares were sold the next sale
was at 60 and then at 6S7s. Erie today was sold
both with and without assessment paid. The price
ranged from IL to 1878 to- the old Stoc h. ana from
lis to I7l2 FOR the stock with - assessment paid.
Central and IIsEOn small transactions, fell IRON
112io TO IL l, The granger stocks opened as well
as the others but in final sales showed aeS cln
OSIi a $685. down to 81, its closing pIlcc. ,.
The coal stocks are the only ones when 90 nGs
show decline for the day, perhaps because opeiat,
ors last begin to realize the damaging effects OF tns
combination, and have faith in an aband0nment OK
ali attempts for its renewal But more pIooaoIyy
the reason was that it was found less nconS .
TO lift them than to lift any other stock whlle tlo
general list was being sold At all events ~ l l
face of the Responding tone OF YESTERDAY iNteoss
DLa L,lge1 on the subject of another comDlnauO1
Delaware, Lackawanna and Western was L lises
from jIll TO 52l4 and seemingly large pnslI %Ss
MAS done Later IL sold down 10 81 Iod olI2. ins
dealings in the other coal stocks were nnmPortdnJ
and their fluctuations were contIOlled ny tHoeo "
Delaware. Iackawanna and Western. -.
The market generally closed steady Us 10 pfiees'
but unsettled in tone.
RANGE OF THE STOCK NARKFr