New-York tribune., 1879-12-20
Tulnn cALl-2:9O p. ~. CONTINUED.
FRIDAY. Dec. 19-P. NJ.


The continued dropping of long stocks upon
the market in the absence of any marked buying
for the account to-day, sensibly affected
prices than in any preceding day of the week. Even
the buying for tue short" account because by the
rule aud measure of speculation rally was due to-
day. and at one time this was the special feature
was UNEQUAL 30 the task of absorbing the
free supply offered, and hardly checked for
n moment the downward course of prices. The
bulk of the supply of stocks now is coming from
holders who either tired out or are losing fath
in the predicted January bo0m.' But to-day there
were also outside influences that perhaps had some
effect upon prices. although the reports referred 10
below did not become common rumors. Ii is stated
that there cutting of rates at Chicago and other
Western points on east-bound freight. Railway
officials in Ncw-York, however. is usually the
with early news affect ignorance of any such
doings AT Chicago although admitting that at some
other points the rates are somewhat unsettled.
Nevertheless, private dispatches received here to-
day from Chicago positively affirm that cutting is
done at Chicago and that rates are "shaky else
where. 1t is also reported that the Grand
frank Railroad has effected its Chicago cOnnee-
tion. This report is denied in railway circles, and
TODAY could not be confirmed IN this city. The
statement might be true and yet not be known to
railway here, as the statement runs that the
fact was accomplished only yesterday But
whether or rot the connection is really made now
is mmaterIal: if il is not done. il is Of those
things which are certain TO be done. and in the
near future. When il is done 1t must affect
the allotted percentage of freight to the
different lines of rawavsput of Chicago east ward.
and particularly affect the traffic OF the Michigan
Central, which heretofore has derived It's most
Iemuneratiye business from that OF the Grand
Trunk.
4he ipllfS and san Francisco halfway. and they
declined 5as TO "a per cent, the common stock
closing at Its lowest price, and the two preferred
stocks ralylng IS and y cent from their lowest
prices. Missouri, Kansas and Texas. the Northern
Pacific and the Hannibal and st. Joseph
stocks also weak and declined sharply
in late dealings. Erie and the other trunk
line shares were fairly sustained until late, but the
las. decline was followed by no rally. The coai
stocks also yielded only ate IN the day. and then
less than the general list excepting the gTangerS.
which were the best sustained oi all. Telegraph
STOCKS we're weak. and Pacific Mail declined ~,
per cent. The market closed weak with indications
That the decline was only checked 10y that rule of
the Board which torbids any dealings after
o'clock.
The Following are the final changes from the
closing pliceS OF Yesterday: ilcclines-CncagO. -
Paul aud Minneapolis, Is Northwest. ST Paul
preferred Reading ana Canton edch q ALTON ana
rerre Haute. Lake Erie and Western. Manhattan
Elevated ana American Express, each y; c. {. and
l. c. Delaware. Lackawauua and Western and
Louisville aud Nashville. each a s.. Paul and
Ohio aud mississippi. each & Alton and Ierre
Ilaute preferred, Chicago. Burlington and Qdincy,
Lake Shore and the Nev-lorS Elevated, each /
MICHIGAN Central III: Mobile and Ohio. New
Jersey Central and Eric. each rs Canada
Southern and Delaware aud Hudson. each IL
Northern Pacific, 1os; Pacific Mail. ia; Chcsa-
peake and Ohio. Hannibal ana ii. Joseph preferred,
and Nashville. Chattanooga and St. louls. each .:
Ohio Mississippi pTecrreJ, ana Western Union,
each 90; c.. c., {. and l. ron Mountain. Wabash
preferred and Atlantic and plclic Telegraph, each
3: Wabash preferred @is; Boston AIR Lne
each 81; Northern Pacific pscierrrd.32i; Missouri.
Kansas aud Texas, 4ls; Erc preferred. ~: -.
Louis and san Francisco nrsf preferred -. Louis
and san Francisco preferred. Ga; and ~. Louis and
san Francisco, q per cent. Advances-CmcagO and
Alton Il indianapolis. Cincinnati and Lafayette.
= and ~. Paul and Souix CITY common aud pre-
ferTed. each per cent
rHE STOCK MARKKr
Asrgo1fcg by cold and Stock 7etesrlDa CoplDans