New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-08-01
OFFICIAL REPORT n. T.. MINISo STOCK Elk
UHASGB SALES. J0LK 81, 1873.
FIRST CALI-11 O'CLOCK A. NJ.
rHIRp nOARp-2:3O 2.
WEDNESDAY, July 31-P. NJ.


Tho report of westward shipments from New
YORK nv the canals from July 80 TO 81, inclusive,
a~an shows large decline in the total tonnage as
aomrared with the corresponding period of 1877.
beng 1921 tons this year, against 1922 tons
last year-a decrease of 4.961 TONS But, as hereto
fore has been the case the decline in the shipments
~ anthracite coal 1890 tons far exceeds the total
loss The shipments of pig iron also shows loss
of 900 tons. The principal gains ares Dry goods,
$50 tons; sugars and molasses, 262 tons; cOffees,
OF tons; railroad iron, 675 tons; and other mer-
cbapd,se aud sundries, 733 tons. The tolls col
scted for the week were 81 521 this year, against
2O91 for the same time in 1877. The total ship
,nents westward thus far this year by canal have
beep 127,704 tons against 143,761 tons to the
same date in 1877; and the total tolls collected
have been ,76O in 1878, and $15,8s6 in 1877.
The situation on the Stock Exchange is becoming
crave This IS not because of the decline of 10 to
90 per cent in the prices of the stocks of the WIS
oonsin railways, which still leaves their prices
higher than conservative members of the directions
ever bad confidence in but because of the desper-
are and persistent efforts which are put forth to
preyent the aforesaid declines from having an eff
feet upoh the prices of other stocks Thus far the
losses principally have been only Of profits which
had accrued on paper, and the liquidation on the
Ct Paul and Northwest stocks down 70 present pri-
ces has been accomplished without any serious dis
aster. But with other stocks which yet are sus-
tained there already exists loss on paper, the ac-
final amount of which would be largely augmented
nv an effort to hquidate. Hence. with a steadily
prevailing impression among the average operators
that there ought to be rally in the prices of the
"prapger" stocks, these figures each day find
lower basis, while Lake Shore, Erie and Western
Union are held with a frmness which
iauses unusual remark. TO-days market
was only a repetition of the markets of
the previous three days, being characterized by
weakness for the "mangersn and frmness aud
at times buoyancy for Lake Shore and Erie. At the
opening Northwest sold from 37l2 TO SO, and tine
preferred from cole to &C., st. Paul from 81 to 352
and the preferred from 1924 to 1854 This movement
was followed by sharp rally. which was succeeded
by another decline, which carried ST. Paul down to
B45s the preferred to 7012 but did not return the
Northwestern shares to tie lowest prices OF the
morning After that the fluctuations were frequent
and cratic resulting in the final sales comparing
with the opening as follows st. Paul closed at
B5s against 81 at the opening. the preferred at ~
against 1924; Northwest at 36l2 against 37l2, and
The preferred at 6S5s against 69l2. Remembering
that on July 81, 1877 large crop of Spring wheat
was considered to be assured, and what is of equal
Importance q large foreign demand was certain,
and that on December 81. 1877. the roads had en-
oyed four months OF a magnificent business. and
had back of them the crop to furnish another SIX
months business and before them the demand foT
4 the following comparison Of prices IS Significant,
and shows that the decline already made Is not so
tarQe as il appears: