New-York tribune., 1878-10-15
FIRST CALL-lI O-C
THIRD cALL-2:3O ?. NJ.
MONDAY. Oct. 14-P. NJ.


The Auditor of the Canals Of the State of New
York has published comparative statement OF the
total quantity in tons Of each article moved east
and west. on the canals from the opening OF navi-
cation to October l, in the years 1877 aud 1878.
The total movement this year was 3G95,9S9 tons,
against 34O4, SOB tons in 1877, gain of 29l, ASS
tons The total amount of tolls received
this year was S712,463, against $5S9,92l
in 1877, a gain of S123.542. Among the articles
showing the greatest gains for this year are wheat
with a gain of 4lS.676 tons, or about 15,OOO,OOO
bushels dry goods 1925 tons; sugar and mo-
lasses % 655 tons; petroleum IA pew article on the
canas) Il, ,537 tons ard general merchandise, 80
6s7 tons. On the other hand, the prime
ipal losses are represented by anthracl'e
coal, 246,457 tons; bitumnous coal, o.
33s tons; iron ore, Al ,225 tons and corn, IL
6sO tons. For the month of September the total
number of tons moved was 7727S4 tons this year.
against TAT 932 tons in 1877 and the total of tolls
received this year was $164 1928, against $146,O17
last year.
The principal event of interest to-day in Wall-st
uas the presepce of Secretary Sherman, and the
stock market was carefully watched for Indica-
tions of his purposes Singular as 1t may
appear to some, the visit OF the SECRETARY
excited not a ripple Of interest elsewhere
than on the Gold and Stock Exchanges. At the
Produce Exchange, where wheat was heavy and
falling the rumor (which proves to be corrccp that
the Secretary would order the payment OF any
Of the called 5-2O bonds on presentation did
not check the decline; it did not stimulate the
provision cotton markets, and ia dTy goods cir
cles there was no noticeable activity. But on the
stock Exchange the rumoT acted like an application
of magician's wand, sending tho prices of stocks
up with run, and depressing the premium on gold
% per cent. IL any of the called bonds are pre-
sented for payment before maturity the effect OF THIS
order will be watched for with interest, TO learn If
the operation increases the banks reserve Of com,
OF simply hquidates the GOvernments coin deposits
with the National banks.
The business in stocks to-day was 10000 shares,
larger days work than has been recorded in many
months The opening was marked by intense ex-
element and prices fell so rapidly that it seemed
as if the market was rushing into a panic
But early information" and large "short"
account this time proved equal 10 the emergency,
and steady and persistent buying finally checked
the decline and turned the scale Later, the report
of the Secretary's intentions served to stimulate
the market 30 that the rush 10 buy IN the after
noon was quite equal to the rush TO sell out in
the morning. Whether not the buyer of
the morning was an active but unObtru-
siye feeder Of stocks in the afternoon,
was question which was mneh discussed after
business hours But the prices, with scarcely
an exception closed materially higher than at
the opening aud were the best OF the day.
Prominent IN the dealings were Lake Shore at
66ls9643466714 Michigan Central at 67 I26 500
6S2s Northwest at 37129 36Ss6 39ss preferred ut
6g&06Sls67Il. and Western Union At SHs40o63
a9O5s. The general market only to less degree,
strong and excited.
RAsGK or THE STOCK MARKET.