New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-05-22

sno,ou Of the rates by water to figures lower 'nan
80 before known 80 that the boatmen can ip"hs
no money; and finally, an important uivei' ~,
sr.de from the lake ports. and hence from Nc" JIM
40 the ports of Philadelphia and Baltimore
Tho " Roard of Control Of the coal combination
ao,, hold the monthly meeting in tins clty 'ann
-. In Philadelphia IS we were leu " 'ii''A,' az
..h;cb a il is given out it was aRreeu U il"h'
s..hor advance in the price Of coal. IL We hh7'ano
80, ybcn this combination was formed the puoii0
"V'' - that II would not attempt TO regulate
- b, any agreements. further thah 10 4iin''
49, s,,D,,. 20 the demand. In view OF all 'ho gu
-, circumstances and of the large quahHtS
foo,1 ,vb;ch the Reading Company has 10 i"' ;"
I,,e IN MT il upon All equality aecoFulns " %,
scrihed ouotas. with the other colnPanrro' 90" CO.
~ view of the fact that the Lehsn '"',S
Componv and the individual miners % 'li"'
hoyo already refused to make guy "o'"''' J." ,'''
,,roos lint instead have Issned ther June V' o"i'i
hsdule with the prices OF May " Is pun, '''"'
scleou'1 i',ancs will be only on paper Neycrbe-
prOposo' 1,,nositon to take The bit between the
III ie clearly shown by the action OF the Board Of
CortroI uis proposed to make the total output f,r
.Lo6rst six months of this year 100000 tons To
A. ibis if will be necessary to 100000 tons
A. the month of june of which the Reading Com
,p il entitled 10 G33 900 tons, or 1910 per cent
bccane il is so far behind the other companies in its
nrohortion Of the total output for the five months
ending Mays
The stock market to-day was extremely dull. and
,rces generally yielded all through the list. The
coal stocks opened with an appearance of strength,
Int II ouickly proved to be artificial, and prices
Gagged of IL per cent. Later there was another
d.clire so that for the day Delaware, Lackawanna
ond Western sold from 56li TO 55Q55l4 Delaware
and Hudson from 55&G56 TO 554G55ss; and
Morris and Essex from SHE to s0leaS09i. Central
~ New-Jersey, however, well sustained, be-
of the successful progress of its reconstruction
scbeme which simply pOstpOnes the payment of
certain interest. and increases the liabilities which
,.ke precedence of the stock, To-day the stock
Anctuated between 227s and 22022os. The total
roco,ded transactions In Lake Shore were 1880
shares. THIS factustrates the prevailing dizziness.
This stock opened at CPS, advanced to 63ls, and
ended NJ 622i. Michigan Central gained y at G512
on sales Of 800 shares. The granger stocks were
dull and irregular st. Paul common selling at u a
5IssG507sG51ls and preferred at 77Q71Ssa17l4
Northwest common at 509ta i20olG2 O's, and
preferred at 7l3iG72lsG72; Chicago, burlington
and Quincy at 1043i6105L Q1043l; Chicago and
Atou at 75lG75l2, and Chicago and Rock island
at 1905 100. From an unofficial but trustworthy
source we learn that the contract for the lease of
the Keokuk and Des Moines Railroad by the Rock
Island Company fixes the rental to be paid at %
cent OF the gross earnings, which III Is tSlllhatt
will be sufficient TO meet the interest on 1884, 500,
the amount of the leased lines funded debt.
Wabash to-day, under q very Eight pressure,
Welded from 1434 to 1913 Most of the " short IN
terest IN this stock having iqudated. the transac
tions in 1t are few. Ohio and Mississippi SOLD at
QSsa9ls Tomorrow "Wednesday the directors OF
this company are 10 meet IN Cincinnati to consider
the proposed scheme for its reconstruction. West
ern Union was dull and lower at S25s0 S22IQ s2l
and Pacific Mail fell 20 1s5sG1S3i. The latter
stock today loaned at issa lGi of per cent. The
closing OF the companys books for election has de-
yeloped short" interest in the stock, which
probably does not exceed 1000 shares.
pANcv or TUE STOCK MARKFT