New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-12-11

ceipts by the railroads at New-York for the Last
week were 10000 bushels less than for the pre-
ceding week; t3l that the total receipts at the
other three ports show gain of 100000 bushels
over the receipts of the previous week; al
that the receipts at Buffalo by lake were
10000 bushels greater. and by the railroads
100000 less than for the preceding week; and
(5 that following the closing of shipments by lake,
the shipments from Chicago and Milwaukee show
decline Of over 80 per cent. The reason for the
decline in the receipts by railroad at New-York and
the increased receipts at the three other ports Is
patent. The lower railroad rates from all Western
points TO Baltimore and Philadelphia than to New
York, and the actual equality of rates to NewYOrk
and Boston. with lower rates from Boston to Liver
pool than from New-York, sufficiently explain the
differences against New York, which probably will
be stl wider after the grain now on the lakes has
been delivered at Buffalo and has come forward.
Why the stock market, which yesterday closed
weak, should to-day have opened strong and buoy
ant, is problem the solution of which must be left
to the clIques which manipulating prices to
suit themselves. Aside from Lake Shore, the North
vests the St. Paus and the coal shares, the market
was unusually duh, even for these dull times.
report that the Southwestern (Chicagol railroad
pool would end on January 1, 1879, probably had
some effect upon the prices of the stocks of Chicago,
Burlington and Quincy. and the Chicago and Alton
Railroads. But inasmuch as the pool virtually ter
minated some time ago, through cutting of rates to
all points except Chicago it is difficult to UNDER
stand why the report If true, should have
affected the prices of these stocks. The re-
port had such effect upon the stocks of
the Northwest Company, which is q member
of the pool. On the contrary, the common stock,
after opening 46ls rapidly advanced to 46l2 and
later To 47l4, followed by reaction TO 46TsU47;
the preferred stock sold at 765sG773s077ls. The
IT. Paul stocks were strong on moderate trade,
the common selling at 1884 $685., and tine pre-
ferred at 73073l2073ll. La Ike Shore started at
GS6s and advanced to 50 at the latter figure there
were large transactions, of whose genuneness mere
were scarcely two opinions neYertheess the price
of the stock afterward touched 09l4 and closed hIn
at GS7s. The sales of Central and Hudson 900
shares were at 1120s0112l2, and of Erie at 1910
ISIS. Illinois Central was dull and steady at 774
ra775s, and Wabash lower at 23ssG227s
The bnOyanCy at the opening of the market ex-
tended to the coal shares. Delaware, Lackawanna
and Western was started at AZ against 4lSs at the
close Of yesterday, and rose 10 423l. After
extreme figures the stock finally closed at 42l2.
Morris and Essex was particularly erratIc, rising
from 1854 to 77l2 declining to 76l and then clos
ing II. 1t still remains in doubt whether tho
talk of u movement TO break the lease OF Chls road
to the Delaware, Lackawanna and Western Conn
pany is intended Tor "bull -" operation on
for a dear" operation On the MOT
ris and Essex stock. But as the stock
OF the Morris and Essex To-Day WAS worm
fronts to Il per day for USE it seems probable
that its intention Is against the latter Stock In the
meantime there seems to be little probability that
the movement against lease ratified by vote
of the stockholders OF each company and legalzed
by the Legislature of New-Jersey, VIII proceed
much further than talk on the Stock Exchange. Inc
managers of the Delaware, Lackawanna and
Western Company do not hesitate to speak
of the movement as purely stOck-JObDng III It's
intent, and they deny all knowledge Of any such
pnrposeOn the part OF ex-president OF the Pacific
Mail Company, or any one else. Delaware ana HuO,
son was 0uIet but ended at its best figures, and
Central Of New-Jersey, after rising from n TO %,
closed at 275s
Western Union to-day was comparatively steady
between 04 Il and 049 closing at 94l4. SutrO Iun-
nell on sales of 200 shares declined 20 40, and rail-
lied to 46. Pacific Mail, although dull closed at an
advance Of II per cent.
The market closed feverish and unsettled.