New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-02-06

by manly. open assertion on tho part of the New.
York raft va that such rates shall be estabshed
The accepted and announced schedule for the raps,
portcti0n Of grain from Chicago to New.
York is 40 cents: to Philadelphia IS. and
to Baltimore, 81 cents. This schedule
has been dead letter almost from its adoption.
The rate to New-YOrk has been reduced 10 Is cents
per hundred pounds on contracts, with rGmcrs of
contracts at low figures 22i2 cents. BIT il DOW
appears that grain has been carried 10 Baltimore al
low 20 cents So the discrimination against
New-York is great at the cut rate as ii is at tho
schedule rate. The Baltimore and Ohio Railroad
always has successfully maintained the discriniina-
ton. whether under an agreement or in a secret cr
open warfare.
If the Central and Hudson Railroad is the power.
fnl company that its friends declare IL 10 be- if il il
earning the net amount of money which il Is pre-
tended that il Is earning it afford to fight the
battle out now. once for all. Sooner later Il will
be compelled to do it, or lose its business. And tho
people of the State and City of New-York. who
granted to it the privilege OF doubling Its capital
stock by mere stroke Of the pen, have the right to
demand of il the lowest rates. both on East and
West-bOund frel2hts.
But the fact that all these railway compacts have
only one end. that the agreements made AZ Success
sye meetings not kept for twenty-four hours,
illustrates the folly Of attempting BY artificial means
% override the laws on supply ana ueDdHO. IN also
shows the character of the semi-Oficial reports
which circulate about the stock Exchange Of
a pressure OF business" lack Of carsD and "un-
precedented earnings" If these reports had found
ation there would be no occasion for railway meet
ings. Traffic and rates would regulate themselves,
aud there would be no necessity Tor the services Of
an illegal railway commissioner
9Ihe transactions IN stocks to-day, were without
significance. Fluctuations generally were small,
and only represented the sustaining power OF tho
cqIles. who say the market IS rising ore "be-
cause there is 10 one to put It down. Tie most ae-
tive stocks were the St. Paul common at
37lt 0363ia37ls, and Northwest common 40
3f3ia3J0 - lga35 isG3]7s. The pref RED stocks
OF each company we're dull and steady
within n range Of Il per cent. Rock
Island sold at 09li and 90 and Illinois Central de-
cliued 20 1863. Ohi0s were firm at Sisa p. and
Wabash was weak az 1912. The two Dclawares
were first hi her and then lower Speculation in
these stocks have been killed by an overdose
a manipulation. Central oi New Jersey. Just at
present is under the care OF the holders Of
the conso.ida bonds, who think this security
will be improved if the stockholders will consent 10
an assessment of $40 per share. To-day the stock
sold at l77S0 lSl4Dls, and points about very
much higher price y were given tor the asking.
Western Union continues 10 lie like a log on the
speculative sea, tO-days operations embracing only
300 shares at 7G3l and 1879. OF the express stocks
United States was higher az Is. the Others being
steady. The market closed dull and featUreiess.
RANGE ~ THE srOcR MAgXEE