New-York tribune., 1878-12-05
sECoNp CALL o'CLOCI
THIRD CALL-2:3O P. NJ
WEDNESDAY, Dec. A-P. ".

Ifcompetition will produce such results, there Is
prospect that the rates for transportation between
st. Louis and Missouri River cities, Chicago and
the East VIII be low enough 20 satisfy the most
niggardly shippers. Chicago is growing elatea
over the prospect of two new direct lines between
that CITY and St. LOUIS, to be furnished by the IL
Hnois Central and Wabash Companies Bnt
II seems, according to private information from
Chicago, that the Chicago and Alton Company
does not propose to divide its st. Louis business
without striking for q reclamation on the direct
East and West traffic AID with this IN Wow IL Is
stated that the Chicago and Alton Company mas
nearly completed an arrangement WITH the InGlaA-
apolis Bloomington and Western Railroad ior an
interchange Of business between tne East anu tho
Missouri River, by its new Western connection. IL
tins arrangement is perfected, it will open q new
and irnportaut direct route between Kansas City
and other places on the Missouri River ana IN
dianapo'is. from which latter centre the communi-
cation with Eastern cities is unsurpassed by any
other Western city.
The cutting of freight rates both East and west
is admitted at last but the explanation OF the mat
ter relieves the trunh lines of any share III it.
Their Western connections do all the slashing at
both ends Of the route; they take freight at New
York at 50 per cent less than schedule rates aud
they DO the same at the West paving 10 the trunk
lines then pro of the schedule rate without re-
gard 10 the actual rates paid by the shipper
OF receivcrl This explanation is very pretty
one on paper, but it is doubtful If 1t
will work SO we'll in the cash accounts Of the
trunk lines For instance. the Wabash Railroad
Company takes freight at 81. Louis for Aew-loTk
at 30 cents a 100 pounds instead of at 10 CENTS,
the schedule rate. This freight Il delivers 10 the
Lake Shore Company az i"'cd", whence IT, comes %
Npw-York by the Like Shore and Ner~YoIk Central
Comnauics. A. according 10 the explanation re-
feTrel To, u has to pay IRON 10000 upon a
schedule rate OF Is cents from ST. Louis, ii would
nay on uf a., contract OF 80 cents about 20 cents
100 pounds. leaving for II only i" cent for
carriage ot 300 miles This statement ol the result
throws anuln hight on the explanation.
The stock ma iot to-day was tho companion pc
ture cf that off Monday, which followed the decline
OF last Saturday. he opening was icyeTlshy weak
for tue general list OF stocks after whCn there was
a recovery, with wild enthusiasm just before the
close that left prices at the best Of the day Lake
shore led IN amount Of transactions, and sold AZ
Gs7sa GS3sa60 Erie, however, continued heavy all
day ana closed at It's lowest, lSls. 81. Paul pre-
ferred was exceptionally strong from the opening,
rising Immediately from 7lBO1lli to III and
later selling at 72l2a72Ss- The Northwest
some intermediate fluctuations. finally closed
at 1 II per cent advance their current
prices for each class of stock. OF the Western st,
Rock Island was dull nj u.s. Chicago and Alton
CIV and Nortnern - lower for the common and
lis lower for the preferred stock.
Jne coal stocks fICtuatcu wltuln range OF from
l2 TO l a per cent, ciOsII AT about The biRhr.J
figures. Western Union was Gull at 9ll1a9i0Jl 3
ag4ai Pacific Mail was quiet at l3$4al44, and
Suuo nuncl dull at 80.
Inc market closed hTIn
Aas.E Or TIF STOCK MGRKEY