New-York tribune., 1879-04-28
lparativo totals
Excess ofreservo
above legal Ie-

above legal .oo,o,oo
The newly formed railroad combination that gives
virtually under management-a complete and inde-
pendent line of road from Toledo TO Missouri River
points and thence 70 a connection with the Union Pa
cic Railroad, and the demand OF the Wabash Company
made to the a. Joint Exec tive Committee" OF rail-
roads, that Toledo shah be made terminal point and
that rates between the seabOard and Toledo snail be
the same per mile as between Chicago and the sea-
board BEGIN TO be recognized as important matters
likely 10 affect seriously the future movements Of mer
chandise ana produce and from Missouri and Kansas
to the deriment OF the railroads running southwest
and eastward from Chicago. CoEmlssioner Fink's &C
knOwledgement that the Wabash Company holds the
key TO all pooling arrangements is both significant and
Important ana suggests tne query, "nat cYhlihy VIII VIII
next demand concessions from the =" JOINT Committee
after the demands OF the wabash have been granted
The Chicago and Rock Island, Chicago and Alton, and
the Chicago. Burlington aud Quincy Railroads are not
Kansas trahc from Chicago to Toledo without strug
GLE but freight is moved to and from Toledo at the
Toledo Will not only be the shortest, but also
the cheapest, unless the chicago southwestern roads
reduce their charges heavily The result OF such
state OF affairs is easily loreseen While there is hardly
doubt what the effect Of the recent movements
will be uIOn the traffic OF the Chicago railroads, may
be questioned whether the railroads III the combination,
thereby increase their net earnings TO such
TO benefit their stocks.
The stock market to-day opened feverish and irregular
but later the movement toward lOwe prices became gem
era, ana with few exceptions the final prices
not all OF them showed declines from Fridays
closing figures. Naturally Wabash, after its
recent and rapid advance, fuctuating, covering
OF per cent, it, highest beng $685. It's lowest
81 p, and final price 1928. Kansas PaclGc
ceptiOn 10 the general ruie closing up AT AZ @
higher than Friday, and ST. Louis, Kansas City
and Northern preferred after an advance Of cent al
the opening closed at reaction of g per cent The
Hannibal and 81. Joseph and ST. Louis and Iron Noun
tam stocks, as compared with tue buQyamcy they ex
hIOlted yesterday, weak and lost all the days
gains and San Francisco first preferred
fuIther declined to 22 The other lowpriced stocks
dull and their prices were a shade lower The
trunk line shares inactive and lower (Eric being
fl. ,ofD Hl.CTD
which advanced TO 1lSl2Q1l7l4. The Wisconsin stocks
XuiDtcd weakness, thelr prices easily yielded on
an amount OF sales unusual. The coal stocks dur
ing morning hours particularly active and ad
yaEced from q 3 per cent but in the late dealing
the prices were an lower tnan at the Operng excepting
for Morris and Essex, which retained most OF Its ad-
vance closing SS2 sales. The telegraph stocks
quiet and featuTe.ess, ana Pacific Mail was shade
higher with dull movement. or the bullion stocks,
standard active with an advance 10 29l2V29S5,
Quicksilver common declining to To- and the preferred
stock being steady at 1913 The market closed weak
sTeCI MARK
ASrep0Ted ~ the cold and Stoct TELEGRAPH Company