New-York tribune., 1878-03-07

Ircraasc.............. 900 2lG5ooo
And this Is only the result of an experiment. Il
has proved successful and il may b. anIcipatcd
that hereafter the crops Of kansas and 81 the
Missouri valley win seek 81. Louis and New
cXpcrtrl fiat tho railroads ruuuiug 10
The Atlantic coast cqi coinpr;c with this natural
routc while so heavily handicapped rs they are
v;th fictitious debts and stocks l.ast week 2 new
through railroad route west OF The Mississippi lhycr
from II. Louis to - Paul. opened. whether or
not this new route. duriHg coming Winters, VIII be
alf. - Divert H. 81 fouls and Nr,y-Orlcai. large
PROPORTION Of the corn and wheat crops Of Iowa
and Of tie wheat crop Of Minnesota, is Il problem
debts Of the roads from St IdHl u N'"-lOik can
be easily demonstrated.
Tie merchants Of NeN-Yor are Iaoyin.s for better
terminal facilities Tins j. all right, but 10 alone
Will not restore supremacy. Having four years ago
predicted what has since been verified. Tar IiDI NJ
Is justified in adhcrng 10 It's original opinion, that
tine principal trouble the enormous capiiahZition
of Tire railroads upon which Ac"-loTk - de-
pendent through i've months of the year. We have
often said that II was not 50 much question
al - cheap transportation as OF equality OF ralcs
Rates eaStb bound frcights are DOW too l0W-ihcI
IuinOus 10 the railroads and Therefore Unstable
On them 10 merchant can base an operation cover
ing even - hour, time. Bat We insist that, with
All tao advantages of old lines III favor Of our raj
roads, Ncw-loIk shall not be compelled to-p1y
tribute 10 something lie $4,000, 900 Oi unreal and
non-cXisiing railroad capital between CHICAGO
and NcW-YoIk. IL viii mailer lUle 10
have bctter terminal Facilities, II the
Western merchant can still GET his hardware, gro
and dry goods from IditlicIt Al from 10
> cents per 100 pounds cheaper than from New
York. We regret 10 be compelled 10 stale that thc
members of the latest trade committee That caicd
upon our railway magualcS were aN completely
oyerawed By the 'nnen.tr % rag capitals 3' any
of their predecessors had been. IheE Wcr" pattcd
the back, told that they were good fellows, dhQ
asked to 90 home and provide the railway win
terminal facilities. And III that direction, IKE
obcdient boys, they are HOw using their best en-
Thc stock ,o,rket to-day was perfectly consistent
with the characteristics Of the present speculaiIon
ID wOuld not have been, II. IN the lace OF sucl IN
formation as contained III the ~. l0ulS as
patch before referred to, p1ces had not advanced
IN the Northwest >teius, there was "A ldIthcI fse 20
373s for The common stock. and 10 COPS for the
preferred Lake Shore fose @ TO- G5He G";
Hudson TO 1O6 and Erie to @3i. The ST.
Vauls played the laggard dmlng the M6fnng
hours, bat later got up steam ana rose to 3SI I4f
the common stock and 20 7ll2 for the preferred.
Chicago, Burlington audQuncy sold AZ 100 "a lOl,
Chicago and Alton at G9dGel2 Illinois Central at
74loQ 7f5- Rock Island at 1OOalOOl2a lOOJs, and
&. {. G. and !. al 30l2U3OIs. Cleveland ana fllts,
burg declined to G75s ior small lots Hannibal
and ST. Joseph common steady at lOll, the pre-
ferred being weak at 22a2l3I, aud then hIIncr at
OILS bid.
Che coal shares were inactive Delaware and
Hudson being still sustained at 1864, Us II sale al
l65s would be productive of some terrible calamity
Delaware and Hudson sold at 4GasG ~ la01G@ !
Morris and Essex at 81 I2aOo@d GS =. ana CchlIdI
OF New-Jerscy at 1J3iUlJAa IA 1923. Western Lnlon
was unusually active, and rose to 1SUIIoS, ana
Pacific Mail on a light trade sold at 2 a2l's0Z1 l2
Notwithstanding the apparent strength ol prices
there indications at the close that thc icsnitS
of the day had not been entirely satisfactory TO ile
persons manipulating the market III Nau beth
necessary to buy too much. and there had been 100
httlc opportunity TO sell. II these OPINIONS are cor
rect the speculative necessity exists Tor con-
tnuance OF the nse tomorrow which existed last
RANCE OF TIE STOCK MARKET.