New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-12-02
Currency

THE TRIBUNE long Insisted that the socailed west
bound pool of the trunk lines existed only IN hahe
that there were no attempts 10 enforce the agreement
of percentages OF shipments from New-fork whicn
was the essence The compact that the actual aes
nj which business being accepted were much less
than those allowed by the combination scheduie, ana
that the Baltimore and Ohio Railroad had taken
from New-York nearly twice its allowed proper
ton Of freight To-day it Is learned from rustwoftn!
source that within the last forty-eght hours there
has been o further heavy cut " in rates on west
bound freighs all along the line. This statement
as is usually the with first reports probably VIII DE
denied by railroad officials therefore those VINO seek
early nfOrma advised TO make their inquiries
among the shippers aher IMAM at the railroad depots
The stock market TODAY opened buoyant Tor the pres
eut speculative fanccs with the shares OF the ST. Pa
Railroad the conspicuous IN the ensuing advance
IN prices The buying and bulhng" OF Lake Shore,
the Nor hwesterns the Pauls pressed win
vgor until after $3.50 st. Paul common hau theh
a gain Of IeT cent, the preferred li2 per cent;
Northwest common after decline To AIS rose 10 As
and the preferred after decline TO a IL was selling at
49, Lake Score opened at 69s. and although heavily
pu sed did not rise above 7Ols, but was firmly held
ut that price, This was the filth or sixth attempt
which has been made to establish the price OF tins
stock above 20. At about this price, however IL
is evident that some large holder OF the STOCK
has supp lied il so freely every time that the new bnls
in the stock high price have met with an lhsnr
obstacle. the cOa stOcksnO ubniluiaS ai'e
tie recent decline their prices and the creation OF
short interest, sympathscd with the strength e1-
hibtcd by the suck- named, and Delaware, Lackwanna
ana Western rose to 47's Delaware ard Hudson 1884
Morris and SO, and Central OF NeWJerse' 10
2gA Hannibal aud Joseph preferred also advanced
4333ls to 50, and the common STOCK TO l4 vi
Western Union there had been Ou 300 shares SOLD al
at 9l7s up g. 2:3O p The remainder OF the Market
presented feature other than mat OF extreme duI-
ness A. 23O y. the market strong, but not WIN
out indications that bulls" OF the day, Ike Hao-
leon were wishing night. TGey bad made succeSlul
assault and Carried their point in establishing Lsl'r
prices For ten minutes the mareet was Gul ana
prices stood stu hut firm. Suddenly the gold indicator
attracted attention by marking 1904 AS 'ne premium
instead OF IOO1s; this followed by l0O5 Willie the
STOCK indicator ewing more particular quotation su
IOO3s Did and finally lOOl2 the effect IN prices IN
the stock Exchange like the melting OF WINE
frost by he sun Tue gains OF the Whole day were dS>i
pated IN tho transactions fifteen minutes Inc l"ea
Of speruators tHat the movement IN gmd - intended
only TO affect stock specnatiOns, NAV or may nos De
correct but did affect tn" money MARKET to-daS
which closed easy with an abundant supply.
The market closed weak and unsettled
RANGE OF TIE STOCK MAEKEr.