New-York tribune., 1878-11-07

road delivered 100000 bushels, aud other rail
roads except tie New-York Central and Erie 45o.-
900 bushels, leaving as the quantity delivered by
the Central and Hudson and the Erie Railroads
46, 6,540 900 bushels. And this has been considered
large business. and reported TO be tax
upon the equipments Of the companies. But
if it is So so much the worse for the equipments
which reported to be greater than ever before.
BE ,ause during the same period, rather up to
November 4. the receipts at Baltimore were 49,
22S,258 bushels and at Philadelphia 80, 737, 1SO
bushels a total of G5, ,9G5 43S bushels. II to the
New-York railroads the Central and Hudsonl are
credited the whole of the receipts at Boston 16,-
163.3S4 bushels they yet will iall short 3.00000O
bushels OF the business done by the "one-horso'
railroads coming into Baltimore and Philadelphia
II seems that the paths of the NewYork,
Lake Erie and Western Railroad Company
are not altogether paths of plcnsantncss.
The old suit of the people, brought by the
Attorncy-Genera of the State of Ncw-iOrk
10 wind up the old Erie Railway Company. and for
felt is charter for fraudulent practices, 1t appears.
has not been dismissed, but is sti in progress. In
addition to this, holder of the preferred stock Of
the Erie Railway Company paid the assessment on
the 81 at day of October under protest setting forth
that under the act of the Legislature creating the
preferred stock il had priority over all claims
against the property next to the mortgages of the
Old New-Ycrk and Erie Railroad, unless any inten-
tion to mortgage the property further was
publiSlcd at least once a week in New-lOrk
papers ten weeks prior to au election of di-
rcctors. II Is claimed that this stipulation
Of the law was not complied with IN the issue OF
any Of the later bonds. and particularly rot IN tho
case of the second consolidated bonds. under which
the property WAS fOreclOsed. 1t also IL caine tiiat
several millions of dollars Of assets have been trans
icrrCd 20 the new company under the fOrcclOrure
sale which were not covered by the second conS3li-
daled MORTGAGE, and which must be sold for tie
benefit OF ordinary or unsecured creditors. IhCSe
facts simply point toward II prolonged litigation
and an uncertain result.
The stock market to-day, after opening strong
and buoNant. lapsed into intense d"ineS.
The chiet characteristic was tbe srnu, :,
Union Pacific shares, which lends color 10
Old MINORS OF a more intimate connection oi SON.
sort between he two companies. Union IdsI ne
rose frnya 67I1 to GSAGGS's, Northwest common
from 74lf 10 73l2O75li. These movements are not
aoc0untu for hy the change in the dircc.IOn ot
CnOa Pacific reported clscw here.
Lake Shore opened at GSbs. rose to G9'l and
ended at 6SSi. the stock seemingly being fed OHt III
quantities and at prices % suit purchasers Enc
opened at 1914, to 2OlI, declined Ia l6l2, aud
closed at 20 IN response to letter quotation from
London. Bat Central and Hudson was dnii at
11llsa111l2. The 81. Paul stOcll presented no
features peculiarly their own. thc common showing
70 gam of Ii Tor tue day and the pre-
fcrrcd closing, as il opened, at GO'S. Wabash de-
cintd from 2il2 to %. and closed at 22"i. Western
pIice at 97l fell 10 97is To %, and ended du
at g15s Ia the coal stocks, h,tlc OF nothing was
done excepting IN Delaware, LackawaIEa and
Western, which opencd at 5O's aud sold az 1l@oo4
TRc market closed generally dull and without
character.