New-York tribune., 1878-11-09
SECOND CALL O'CLOCK P. N.
THIRD CALL-2:30 p. NJ.


FRIDAY. Nov. S-P. NJ
The week ending to-day has proved to be partic-
ularly unsatisfactory in commercial circles. Pro-
ducts of all kinds have continued TO flow into New
York, in anticipation of the closing of navigation,
crowdng our warehouses nearly to their full capa-
cities. Prices have been fiuctuating, but have
ruled low, those for hog products being lower than
ever before known. Pork is offered at 81 60 per
Dbl. 200 pounds solid pork without buyers and
lard sells ut 6.15 cents A moments thought will
show how little margin these prices leave to the
Western producer, after the payment of freight
and inspection charges.
At the Stock Exchange, however. matters have
worn different aspect. The week opened with
selling movement in Western Union. which carried
its price from 1O2 down TO 96la. and affected the
prices of the entire list. But this folio wed by
recovery TO 08l2 in Western Union and sharp adj
vance in the general market, which continued until
to-day. The usual story about Lake Shore (which
Is current every November), that il has large sum
OF money in its treasury, was repeated, and 1t was
asserted as in last November, that a dividend of
per cent assured. The granger stocks were
confidently "bulled," because it is supposed that
the earnings for November and December will show
little or no decline frm those of the same months
of 1877. This opinion is based on the fact that,
owing to the mud blockade the earnings for those
two months Of 1877 were not particularly large.
But this idea may be dIspeed by the report of the
ST. Paul Company for the first week of November.
The following shows the receipts of all gram at
Milwaukee for the first week III November Of this
and the two preceding years, and the earnings OF
the st. Paul Railroad for the same weeks of 1876
and 1877, the report for this year beng not yet
made:
Grain received, bush 595 $50 e95302 b35 800
Earnings Of ST Paul Railroad. slSO63J S24l0l0 ...:
Bli!os Of road .................. lsU2 l4U2 1917
Union Pacific has been unusually active because
OF reasons referred to in tO-days issue the price
advanced from 66os 70 693s, and closed the week at
6S7s. The coal stocks also were somewhat higher
than week ago, having first suffered decline of
about liz per cent for the two Delawares This
advance was IN the face of weaker prices for coal,
the New-lOTk companies having shown DISPOSE
ton IN dispose of their output by forcing business,
but with poor success. Although the hand-to-
mouth business in coal which is now doing very
far. the mlddllemcn and retailers are so well
stocked that the companies 40 not yet feel It's
effect.
The foregoing describes the market for the week
up to the last day, which there was complete
change in its appearance, accompanied by further
break of 4 l. per cent in Western Union and sub
sequent rally of a, which leaves the stock 6I be-
low the price of week ago. This change also turns
the advances made in Delaware aud Hudson, Erie,
Illinois Central Lake Shore, Michigan Central and
Central and Hudson into declines ranging from -
10 o per cent, and leaves the other active stocks
with small gains, ranging from Il for St. Paul and
New-Jerscy Central to 1lS for Chicago and North
west common, aud 2 per cent for Union Pacific.
The total transactions Of the week amounted 10
SIf, $50 shares for the five days, against O20, lO2
shares for the preceding full week.