New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-11-13

bic for the action of the banks1to DO effective a
also demonetizes the silver dollar. But IL NINA
not be forgotten that the tender to the banks N
silver dollars IN payment of any note or Other
obligation held by the banks In legal-tender ana
cannot be refused, nor that the banks may paw spv
of their obligations in standard silver dollars.
Our usual weekly summary Of the movement a,
grain, which is printed below shows decline fron
the receipts of the preceding week at all the Az.
lantic ports most marked, however, at New-York.
where it amounts to decrease of ,60i 900 bushss
against decrease of 100000 bushels at the three
ports of Boston. Philadelphia and Baltlmors.
Compared with those of the same week Of
1877, the deliveries at New-York by canal
show o decrease OF $4,000 bushels, and
by the railroads 100000 bushels. But A
Baltimore the week of this year shows gain
of $40, 900 bushels, Philadelphia 100 900 bushels
and Boston 1900 bushels. These facts furnish
additional and conclusive evidence that the rates
by the railroads not what the companies proess
that they are. There are on the canal bound "a
New-York about 1000 900 bushels and on the rail.
roads about 75O 900 bushels of which undoubted
ly will reach this port before the closing of the canal
by frost, and will fill the storage capacity of New.
York to OVERLOOKING. At Buffalo, the receipts bv
lake Il, 800 472 bushes) and by railroads 1883 400
bushels) were about the same as for the preceding
week; but the shipments thence by canal l235Q.283
bushels were $780, 900 bushels greater while by the
railroads they were 10000 bushels less. At Chi.
cago and Milwaukee the receipts show little yaria.
ton from those of the previous week; but Chicago
was 700, 900 bushels ahead of the same week Of
1877, Milwaukee being 100000 bushels behind.
The stock market to-day was well adapted Ia
please both bulls y and bears" In the morning
the "bears prospered, and in the afternoon the
bulls were pasturing on June-grass Rumon Of
the Western Union scrip dividend again were afoat.
and promises were made that this time il is TO be
sure thing,n and that no newspapers viii get hold
of the story until the fact is accomplished The ae-
counts of cutting by the railroads in passenger
fares and freight rates were unanimously voted to
be old stories, the main facts of the ease having
been published in THE TRIBUNE several weeks
ago. At the opening, prices were somewhat
irregular as compared with the closing Hg.
ures Of Yesterday. but excepting for West,
of from 80 to "a per cent from early figures. The
market afterward remained quiet nearly all day. but
just before the close there was some urgent and
of the day, and from these the final sales showed
only slight reaction.
Again the Erie speculation was aided by re-
and the price here opened at 1893. the later sales
being at 19Ss01912. Western Union opened at
94l2 advanced to 95os. and closed at 95as. Wabash,
unusually large sale 700 shares) OF Chicago Bur.
lington and Quincy stock at 11012 attracted some
attention, after which the price, declined to
11Ol4, and the stock closed weak. The Han.
nibal and St. Joseph shares made no further
improvement. being steady at quotations. The
coal stocks were noteworthy in the late dealings;
Delaware, Lackawanna and Western rising 70 81,
Delaware and Hudson to AZ. and Morris and Essex
jumping from 50 to Sale. From these prices, how
ever, there followed reaction Of Il per cent for
each of the Delawares, and d per cent for Morris
and Essex. The short interest IN the market 10
so lin ted that stocks generally lend at rates for
carrying close up to the rate for money loaned On
margins.
The market closed excited and irregular.