New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-07-31
Total bush. 56l,SSs l.s6644O 4lOs.526 s.O4S6Ss

..4,o
These figures have significant bearing upon the
talk about advancing railway freight rates. The
fact that shipments by rail increase and those by
water decrease at time when the water rates are
lower than ever before is strong evidence that the
advance talked of is all talk and nothing else.
The receipts Of wheat at Baltimore for the week
were 1852. 600 bushels, being 131 900 more
than arrived at New-York by rail. OF these un-
usually large receipts The Baltimore Sun says .
About three-fOurths was from the West, and the
rest new Southern from Maryland and Virginia
The Baltimore and Ohio Railroad brought the larg-
est of the rail receipts, but the Northern Central
also did full business, and both roads were taxed
to their utmost to meet the demands Of the heavy
wheat and other traffic, which promises to continue
through August and September at least.
The grain via the Baltimore and Ohio is understood
to be coming from points on the Chicago and Cen
trail Ohio divisions, and from stations east of st
Louis, and the rates for moving it are better than
from places where the trunk lines come in direct
competition with the water routes Three foreign
steamships arrived in port on Saturday to load
gran and the steamship arrivals in July have been
more numerous than usual"
This fact shows the effect upon the commerce Of
New-York of the competition which the railways
are running with the lakes and canals for the BUSH
ness of carrying grain. The rates are made so ruin.
ously low that from points south of the lakes gram
can reach Baltimore by all rail che aper than it
New-York by seeking the water routes at Chicago On
Toledo.
The business in stocks was again large to-day
C235 200 shares and was done at still lower range
of figures. The worst reports which have come from
the Northwest daily being verified, and also sup
plemented by reports Of continued bad weather fot
the harvesting of such of the crops as are remain
ing. The market to-day opened with great excite
ment, Yergng close upon panic. Northwest com
mon dropped from 39l4 to &c. the preferred from
20 to 66la; St. Paul from 377s TO 80, and
the preferred from ~ and 70 to 70ss. At the same
time Lake Shore, which opened at 6140607s, was
moved up to G2ls, and Erie after a quick decline
from 17l2 to II, was fairly Jumped" back to its
opening figures. These two movements served to
steady the general market. SO that thereafter
although the fluctuations were wide and frequent
no lower prices for the Western stocks were re-
corded and by the covering of g shorts" and
through general belief in a rally. the closing sales
showed recovery from the lowest prices OF from
III TO 3ls per cent Lake Shore however, again
fell off, and sold as low as 60l9 but recovered to
GIG and Erie after again dipping to II, closed I'D
to 1914. Michigan Central sold at 64loG 63G63i4
closing 64 bid and Central and Hudson was dull.
1890 IOSl2 Rock Island was weak, selling AZ
lI2l20111si; and Wabash sold at 1920 l5t'
closing l3l0133s. Western Union was active,
opening at 81 and falling to co.'s and then closing
at 90.
The coal stocks although well supported, sympa'
thized with the general market, and closed lrregu,
lar; Delaware, Lackawanna and Western being Ip
TO 57at and Delaware and Hudson down TO d.
Central of New-Jersey fell to 35l2 and rose TO 81
and Morris and Essex after selling ut S30S2S rose
to IS. Although the closing sales were made az
good recovery, the temper of the market az tne
close was feverish and unsettled.
RANGE STOCK MARKET.