New-York tribune., 1879-05-29
THIRp CAII,-2:3O O'CLOCK p. VI.
WEDNESDAY. May 2S-P. N

The Canal Auditors statement of the movement
of freight by canal during the second week of nayt-
CATION this year does not make as favorable
comparison with that of the corresponding week Of
1873 as did the statement of the first weeks busi|
ness For the week ended May %, the total moveI
ment this year Of freight both East and Wesfs
amounted to 174,493 tons, against 1884 tons
for the week last year. and the total tolls reS
ceived during the week this year were $2S,265,
against $41 S7S last year. The falling off this yeaf
IS principally on East-bound shipments, that ID
grain alone amounting to q, 697 TONS This decline
is not because of smaller movement of grain this
year, but because of the fierce railroad competition
that has .reduced the rates by rail to q
point lower than that at which the water
route can afford to take the freight. This
Western shipments for the week generally
show an increase, dry goods gaining 1,138 tons,
general merchandise and sundries 6,226 tons, ana
anthracite coal 1867 tons. In the shipments OK
sugar, molasses and coffee there was decrease or
381 TONS The total movement of freight thus far
this year has been 367 $50 tons against 33S 435
tons for the corresponding two weeks OF last year. Duu
the tolls collected this year only 500 500 against
$40, ,661 last year. The statement in detau IS
printed below. !
The stock market to-day was less active than 10
was yesterday, the total sales amounting TO 1874
3SI shares, against 231, ,739 shares. AT the opens
ing prices generally showed an advance over thd
closing prices of Fuesday, but feyerish tone was
soon developed, and prices pretty steadily declined
until near the close of business, when there was
rapid recovery that in some instances carried
prices to the highest point Of the day. The coal
stocks were particularly active. being influenced
first. by the reported advance of 25 cents a ton in
the price of coal second, by the fact that the
prices at the sale of Delaware, Lackawanna and
Western coal to-day showed an advance over tho
April sale of only to cents per ton and that the
actual price for the total quantity sold was only
of a cent a ton above that of the April sale; ana,
finally, by the circulars of the companies, when
quote general advance Of % cents, aud which were
issued after the auction sale had been made. Def
aware, Lackawanna aud Western opened at oI's,
and after decline to 81 advanced to oSis TINS
was followed by rapid decline to % L and anothes
rally at the close to 5SG57's The otuer coai
stocks fiuctuated IN the same manner, all of them
closing at an advance over both the last prices OF
yesterday and the opening prices of to-day. The
Lake Shore movement continues to attract atten-j
ton, and this morning its price was again
forced up to SO. later declining to 40 and
closing az 75ss Michigan Central declined from
sO7s 10 so, from which there was an advance at the
close to 500, without an intervening sale. EHe
was dealt in 10 n fair amount between 27's md 2I0
27Io the preferred stock declining TO 5la5lls bu9
closing at 51ss bid. New-York Central and Canada
Southern were neglected and their quotations wero
nominal.
The granger stocks were not exceptions 70 tho
general movements. The Northw Westerns were tho
steadiest and the st. Pauls the frmest IN prices.
The new fancy-the Chicago, st. Paul and alnhe-
apolis-dropped from $685. its price last niSh', "
Oslo. Louisville and Nashville suffered iurtner
decline to 609l and later rally to 62. NASHVILLE
and Chattanooga and keokuk and Des Nolhes Weio
steady at quotations. OF the Western invest
ments, Chicago, Burlington aud Quincy was y pcl
cent lower at ll6, and Chicago aud Alton = az o''
Rock Island being Il per cent higher at Log ="
ST. Louis Iron Mountain and Southern Was iea'
ture. although the total sales of it amounted ohv
TO 4, ,725 shares. The stock seemed TO DC s'e"u1
enough at about 29G29a until quite late III '1o
day, when its price rapidly yielded to 20'4 Win
subsequent rally TO 271s, at which it closed i"'
other Southwestern stocks generally snow al III
oyement on the days business but the oasin',
done in them was only of insignificant ainoua'i
OF miscellaneous stocks, American DlSIiic' i'''
graph was most conspicuous, but IN reverse INV
ton from that Of it's recent movements l's P
rapidly declined from 72lA TO 6S4 after "hie" 'se
sales were at 7Oa 9l2G69a. Atlantic ana raoinY
also was los per cent lower. but Western ehoh an
Gold and Stock Telegraph were = and per 'o..
higher respectively Pacific Mail. after quioA ~
coyery Of per cent to losI was ie'e'''A