New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-12-12
WEpNEspAr. Dec. 1l-P. ".


7'rn commercial interests Of New-York should be
congratulated. To-day has witnessed resurrec-
"a. 40 Board of Trade and Transportation was
not uead it ouly sept during the season of plant
ing and awakens refreshed TO gather the fruits OF
its own inaction. Inland navigation again has
closed and the Legislature has been elected. Whlle
the railroads were busy in each Assembly District
nefore the election, the Board of Trade and Trans
pOrtaton now proposes, with its usual and stereO-
typed strong resolutions to assal the Legislature
Railroad combinations and Determinations are TO DO
broken down IN the House Of its friends. There Is
no doubt that this is a much easier method OF oD-
tanning a temporary celebrity than to engage In the
hard work of a political campaign: but past e1-
perence justifes a doubt Of its proving OF equal
practical benefttO the commerce OF the state ana
city. Accepting the transportation situation as IL
Actually exists and not az it il made to appear on
paper because If the interest in stocks of certain
influential railway officials the result of cOmbina-
tons and discriminating particularly on freight
from the West. is likely TO DC Of much less i'm
portance to Ncw-York dunng the coming
Winter than it has been in past seasons.
Our stock Of Western products is unusually
arge and the cutting Of rates to all Eastern ports,
which daily grows worse is so general that little
attention is paid TO the agreemonta6out dscrlmina
tive rates. We are informed that the five Eastern
railroads entering Chicago are blocked with Idle
freight cars waiting orders and that while 80 cents
on gram is the schedule rate to New-Ycrk, the offer
is openly made to take 1t at % cents, and that 10
cents is the best bid for round quantities. or
course the Baltimore and Ohio Railroad will en-
deavor to maintain its rate of cents lower to Bal
timore than Is pussbe for the actual rate to Now
York but If that 10 secret instead OF an
established rate, It becomes more difficult 10 DO So
AS the circumstances of the trade and The condition
of EasteTu stocks seem likely TO continue this state
0t affairs nil Winter New-York need fear little evil
effects except from the discrimination on West
hound freight. The Wcst-bound pool still main
taus its organ cation IN NAME winch renders ~
rasy ON the omparatvely light traffic for each road
quickly to discover when another cuts the rates
Yet the combination permits OF hrst-class ireight
beng seut from Baltimore 10 ChICaBO at cents
hundred pounds less than from Ncw-Hork, AMI on
this trade IL IS much easier for the Baltimore and
ONO Company to enforce the Iuie, # there Is cut
ting than il IL on freight IRON tie West.
Tie stock market to-day exhibited the same
features as for time. At the opening the lcaG-
ers showed some hesitation in regard to what should
be ;ne course ut the market, aud meanwhile prices
for "a short time were weak. But the tran lortIa-
ton, wnen the matter had been dec .ded, was the
work of only an instant Northwest common stock
was made the chief fancy. and quickly advanced
from AZ to 474. AT TINS pTce II then remained
duil untii suddenly 1t broke to ~, and hnaly
oly sed at 473s 4 ne preferred stock and tuOse Of
81 Paul acted III the same manner within the
range of their smaller fluctuations. Lake Shore was
very duA at o'sGG9UGoS4a6S e. Ere, as an'
op uug igures OF 1855 and III the afternoon fell TO
l7os0l77s. Chicago, Burlington AID Quincy fur
tnrT drc.lned to 100, and Wabash to Il 2, later
raiyug 10 22ls Chicago ana Alton, Rock Island
ana ilIuos Central were du ana steady ONO
aud Mississippi was better at 76S and the preferred
rose per cent to l7l2 Why eit4gr OF these stocks
sells at It's present prCC IN view OF the small pros
poets of "a successful reorganization. probably no
one can explain.
lne buns" IN Delaware, LackaWanna andy West
ern aud the bears" Morris and Essex made no
progress to-day in then scheme OF breaking the
easr :" Morris and Essex closing at 70l uIyIuvnd
equal to 10, against 77l4 last ngnt. Delaware,
!.aokawauna and estern opened at 42a4, rOse 10
433s ana Tell TO 42ls hut closed AT 4oSo IL WIS
dragged up 10 the latter hgure, after It's break, by
TIE Tdpld advance III Morris aud Essex stock. This
advance was also the handspring OF the late I'M
pruvemeut throughout Tho market Delaware anu
HUDSON also nigga, selling q, 3OUjS l2a31a
and Central OF New-J,r sey sold at Zol4OZJlAG
2S4Q2ySs. Western Union opened AT "a, IoiI
Vobs rose 2, declined tO94s, and finally ended
at 94l2 The company to-day declared IT'S usual
quarterly dividend VI ll2 per cent, ANA made state
meat Of a good showing which Is printed below
Pacific Man quiet AT 1880 lSl401 1875 aud
Suuo Tunnel Was offered at Al HlJ.iOut aaies.
The market ciUseu excited and teYerIsh.
RANCE Oh The STOCK HARKEr
MALE