New-York tribune., 1878-12-04
SECOND CALL O'CLOCK p. ".
THIRD CALI.-2;3O 2.
TUESDAY, Dec. 3-P.

TUESDAY, Dec. 3-P. N.
Our weekly summary Of the movements of grair
for the week ended December 2 shows that the
total receipts at New-YOrk were 100000 bushels
less than for the preceding week the canal dely
erng 900 bushels less, while the railroad dc
livered 71,000 bushels more. On the other hand
the receipts at Baltimore, Philadelphia aad Boston
with one days receipts omitted at the latter place
show decline from the preceding week of only
$4,000 bushels At Buffalo there Is a falling of 10
the receipts by lake of about 700 900 bushels and
gain in the receipts by the railroads of little less
than 400, 900 bushels But the shipments thence
although through shipments by canal ceased at the
beginning of the week. were not materially increased
by the railroads. At Chicago and Milwaukee, the
receipts were fully equal to the late averages but
the shipments from those places show marked
falling off, owing to the indispOsition of holders
to run the risk of shipments by water so late in the
season. and to the fact that the full supplies at the
seabOard do not warrant shipments by railroad
even at 20 cents the 100 pounds.
Railroad officials assert that the trouble in the
West-b0und freight pool was exaggerated IN THa
TRIBUNE of Monday, and some even 60 so far as to
deny the statements entirely. Nevertheless the
cutting of rates. which has existed for six months
has grown TO be so serious an evil that meeting
Of the trunk line presidents is called for Thursday
of this week. As a railroad man said " There is
no trouble but it is deemed advisable that the
presidents should meet to consult together the
situation" The suggestion might be offered thas
while consulting the presidents of the New-York
railroads shall strike for cessation Of tho dlscrim-
inatiOn against New-1Ork on both East ana west
The stock market to-day opened higher all around
than the closing figures OF yesterday. BuI tine Dest
prices were sustained only for a moment, aitet
which followed q dull and langnd market.
This was succeeded larer by sharp decline IN tne
special favortes. But there was no advance
in the gold premium, nor any nanlpuatlOh Oh tne
money market, which, so far from being stringent
was unnaturally easy. Northwest c0mnOn opened
at 477s and quickly rose TO ASS, but closea
7712, but ended at 757s076. st. Paul opened win
sales at 36636l4 and fell to 34s and the preferred
after selllnga at 72Os972@, declined to II2. lhs
four stocks furnished Onehaf of the total transac'
tions of the day, There was no less talk about ths
st. Paul Company showing Increased earnings, OK
of dividend being declared upon the eoinnon lI1n
stock of the Northwest Company, but thefe were
IntimatOus gwen that if the Northwest Company
should declare a dividend its payment would 1s
enjOned. There is no doubt that the Dutch Oond'
holders of some of the proprietary roads are Oecom-
ing aroused because of the issue OF bonds FORA
greater number of miles Of road than was cOn-
TO en- force these rights may be questioned
Lake Shore first sold at 69S4 69!s, fell to 69l2.
where further decii1e was steadily r9s7tedi listed S
Michigan Central at 69l2G69, and Central and
Hudson at 1113i. Wabash was dull, with all the
sales at 2Ol4 Rock Island selling at ll77s0 1l7l2
Hannibal and It. Joseph at 14S, and tho preferred
at 3GG3jl2. Illinois Central lost l per cent clos
ing ut 76. The coal stocks were huctuatiug, but
ended at about their lowest figures. Delaware,
Lackawanna ana Western to-day generally loaned
fiat against 1872 paid Yesterday for It's use. Western
Union inactive, but lost the gain Of Yesterday
in sales from 9jla 20 94A The sales q 900 shares
of Sutro Tunnel were at 5OL95O closing offered
at the last figure.
Pacific Mali was unusually active; aud on rumors
hat ut,.rr Of rofa VS. imnanHInn hat cen
company and the Pacific Railroads, the price of the
stock declined from 14h to 1875, but rallied
again to II at the close
The market closed weak.