New-York tribune., 1878-01-17

- Tn ,be meantime the railroads de-
ho' -. sec,re all the traffic they can IN the two
- r,ontbs intervening before the opening OF
VI :otion are accepting contracts 10 denver gram
:" yey-york at 80 cents per 100 poll os 'ro,i
u IN total disregard Of the agreements made
:. lost Thursdays meeting. Ana IL s uouo'-
al IL further contracts by the rallroads can
- socrrcd at better rates than 20 cents
.,or 100 ponnds. In view of the certainty OF 10"
rates bv water on the opening OF navigation. SNIP
-s are not likely to send forward slhgIo Dushei
tr which there is not an immediate market. Hence
A.. determination by rail in favor Of Philadelphia
snd baltimore which is maintained even with the
,,t,no Of schedule rates, is likely TO do New-York
isss than the ordinary damage.
In view of the action of the Canal Board, an
,ornccd in to-day's papers and of the necessary re-
s,,I,s from IT, the stock market would have proved
,,n. An itself if il had failed to record an advance
80 ,rices Stocks cannot be sold on unlavor-
.hle news and present holders are wealthy
epouah to force water up hill, as has
heen proved repeatedly. Hence Lake Shore.
which last night was heavy ut 59's. to-day
on the news from Albany was opened at go bad at
.xoctly 10 O'Clock. Brokers with genuine orders to
soll at 5gIoa 593a were lucky enongh to obtain 60
for t.Ir stock Later, after selling at G0'e&60 y
the price was rapidly advanced TO 81 H. ut which 1t
closed. Michigan Central last night closed at o.
but to-day il opened at 90 ana advanced 10 oo'h
and ended at GOl2. ~
S,ch trading requires no comment. The manlpu-
,ation itsclf-evcn if stocks We're low instead n high
yronld be sufficient to drive away all legitimate
uurchasers. In the face Of records so open tea he
vho runs may read 10 the contrary. we are told that
the Central aud Hudson and Lake shore earnings
cvcecd ANYTHING in their previous history; thai
Grain frechts pTt ssug from every quarter. ana
tbe traffic of the lines Is only limited by
the capacities TO receive IT." Concerning thc
tI. ot,,f.t MT IN he "
change signed by The officials OF the companies VIII
he Sufficient evidence of its truth or falsity ana con
cerning te latter part If one-half II is true, hc Off
cs reports of the equipments on hand nced to be very
Seriously amended. That these roads aud MirhlgaS
Central are doing better than in January 1N71,when
berause of heavy snow storms, they were scarcely
able To move freight train. certain, but without
Official signatures, the reports now circulated con,
ccrniug their business are simply absurd central
and Hudson was less active than the other stocks,
and only sold moderately at lO6l4a l03'sd lOG'eG
1O6l2 .,
tended TO the granger stocks, resulting III fraction
nj advance all around. Western Union also lolned
in the Improvement, and opened at rs AGAINST 1o's
last night, later selling at 7534 a 76bsa 1Gi2.
The coal shares nearly as erT;jlc IS are tEe
managers of the various companies. They scarcely
knew whethes 80 go up or down. FIRST lmpus :
opened Delaware, Lackawanna and Western al u a
5lss against 5o9S yesterday evening and Delaware
and Hudson at jOf20 50l AGAINST 50's. SubScqu nj =
" they declined to 10is and 49l4 respectively. and
then rallied TO ii aud Jo3i. Inc CoNlhihatl'l
is said to be completed. Inc pap"rH "Ie ali
signed But we have not vet heard cf the
execution Of any worthless bonds 10 excuse COM
Dliance with the contract. Perhaps this portion o
The farce is t. be omitted. AZ usual tn Delaware
and iIndson Company is the ir>t IN the field witt
schedule of prices "showing the ADVANTAGE OF
comiunafion' Its schedule Is = cents higher per
ton than the one pnblished III THE iEDt NJ two
weeks Since ard scales coal at from II - to S3 -
per ten. Whether or not IL is the company lntcn-
ton 10 retire from the bushes. viii be
more fully demonstrated by tie result oi
the Delaware. Lackawanua and Wcstern's regu-
lar sale of coal to take place III the
latter part of this month. In the mean time 1t Is
woftiv of note IN connection with the large guam
titles on hand. that notwithstanding the stoppagas
usual at this season, the amount OF coal brought 10
market in the first five days of this year was ~
5lS tons against 1872 sos tons fOl the same tine IN
1877, an increase of i15,1fJ tons, or over - per
ceut. Bnt the combination j. formed. and like
Tweed, the paTticipatoTS asN the law Onccrs I:
"What are yOu going - do about IL =,
Tie general market closed firm.
RANGE ot the STOCK MARKET.