New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1879-03-20
O'CLOCK p. VI.
THIRD
WEDNESDAY, March 19-P. VI


WEDNESDAY March 19-PM
In the receipts of grain at the Atlantic ports for
the week ended March Is, New-York holds about
tbe same relative position to the other ports that
u did the preceding week. But compared with the
corresponding week Of 1873, its relative position
falls behind. For the last week the totals of all
Grains received at New-York were 1,S16,S22
bushels against 2, 1885, OO4 bushels received at the
three ports of Baltimore Philadelphia and Boston
For the same week of 1878. New-York received
1777733 bushels, against LAOS, $40 bushels at the
other three ports. Hence New-York shows a gain
for the week of this year of 39,0sS bushels while
the other ports show gain of 500 055 bushels
During the eleven weeks since January l, New
York has received 5000. 702 bushels this year.
against 16,6S6, 534 bushels last year -decrease
20. $50 bushels Baltimore has received 9,413,055
bushels, against 6,302. 1892 bushels-increase, g.
1929 bushels Philadelphia, 7,014,s1s bushels
against g. 724 1S1 Observation-Disclosures, 29O,6 bush
els and Boston, 1851 ,491 bushels. against 2,S29-
CTS bushels-inerease, Gil .S1s bushels.
The Gains at Baltimore and Philadelphia over
New-York are easily ex ,laned by the following,
from the Chicago papers: The prevailing
rates to the Eastern markets for grains
and provisions are Is cents to New-York g cents
to Philadelphia and Is cents to Baltimore" This
shows the open discrimination against New-Yorki in
favor of Baltimore and Philadelphia and fully ex-
plains why the latter ports show large increased
ceipts at the same time that New-IOrk scarcely
holds its own. But the gain at Boston is not so
easily explained, except upon the hypothesis that
while the Southern ports are allowed lower rates
than New-YOrk, because of the shorter distances
Boston is allowed the same because of
it, greater distance. AS to the rates,
while IS cents may be the prevailing"
or acknowledged rate from Chicago TO New-YOrk,
we know of shipments as low as 10 cents to New
YOik; and rs the Baltimore and OniO Railroad has
never failed to enforce its demand for cents lower
10 Baltimore than to New-York, it Is presumable
that the secret rate to Baltimore is IL cents. Of
course ii is easy TO understand why the railroads
should be anxiOus to secure all the business they
can at profitable rates before the opening of navl-
CATION, aud hence a competition between them
Down to a living rate at this of the year is
not unnatural. But. on the other hand, every one
at all acquainted with railroad matters knows there
is no profit IN even 20 cents per 100 pounds from
Chicago to New-York-a rate that is equal to only
little over mills ton per mile.
Al Chicago the receipts for the week were ZI,OOO
bnsa-ls less than for the preceding week, and
$4,000 bushels more than for the same week of
1873. The shipments thence show large increase
over preceding weeks because of the low rates for
transportation already referred to. AT Milwaukee
the receipts $4,000 bushels less than for the
preceding week but $4,000 bushels more than for
the week of 1873. 1t is worthy OF remark that
much larger proportion than usu ! OF the wheat
received ut Milwaukee this season is Winter wheat,
and therefore the gross receipts do not represent
the business of the Chicago, Milwaukee aud St.
Paul Railroad
The stock market to-day presented only one gem
eral feature-a greater desire to sell than 10 buy.
DESPITE natural fluctuations the market was heavy
from the opening until near the end, when gen
era promu CATION of the fact that money was easier
caused a change in the temper OF the room specu-
lators and a covering of shorts rallied prices so
that the final sales were not at the lowest OF the
dav. The Northwest shares continue 70 be con-
spcuouS feature of the market and their prices per
haps fuctuate widely and rapidly than do those
oil any other stocks. The common to-day opened at
$685. and sold a. low as 54ls rallving az he close
to 55ls. The preferred STOCK sold from SO down 20
S47s0S53s. Judging from the movements OF the
two ST. Paul stocks in the market one would De
justified IN suppOsing that 1t was tie common ana
NOT the preferred stock upon whch dividend Is
expected to be declared tomorrow, the common
stock beng much more hrmy hrln tnam Is tiIc pre-
ferred, and after 1uc ualOn OF per cent closing
as it opened. while the preferred stock closed weak
OF Il per cent lower than its lrst price. - .,
For the first time in several days, Lake Shore sold
below IL and closed with rally OF y per cent AT
707s Michigan Central declined to S6'ea SO'2,
Canada Southern to GOl2Q60s4, ard central ana
Hudson to 11312Q1137s. Erie was active, falling
from "a to 234I ana cioSing a. "a a. inc Ieltrru
stock selling AT 44l204 1884, Inc coal stoGka were
ern opening and closing at 4Ols ana seillng
in the meantime at 1858 and 45l2; Delaware and
Hudson rIaHg ON 80 10 1853 Morris ana Essex
selling at o3a o2l2a 50. aud Central oil NeW-Jer-
sey cl,uIng from 37os TO 363i037. The Western
investment list was ali down, although Rock
Island, after sellingtown to 1919, rallied TO 13Ols.
OF e., c.. c. and J., only 100 snares were sod at
42l2 against 43l4 yesterday, and II closed oered al
AZ. There was little dong the Western " tan
cles" but ST. Louis and San Francisco first pre-
ferred declined from 1s3i II aud rail led to 1915
While the old suits of last May Tor the appoint
ment OF a receiver of the Wabash Railroad Com
pany are sti pending in the United States Court,
new proceedings looking to the same end have
been begun IN the State Courts of Indiana
aud Illinois that are based upon adul-
tiOnal evidence OF the condition of the COM
pany's finances as shown by its reports 10 the
State authorities. But this was not generally
known or understood to-day, and the sock was
comparatively steady, selling at 19G1Sl20l9l40
1913 Western Union remains steady III between
1913 and 1888, and Pacific Mali was lower al lZi2
alp
The market closed steady at a reaction from tho
lowest prices.
RANGE STOCK NARKET
AsreOoTted bg OoLd and Stock telegraph Company
Closing Ri1s ShSIes
OPS Hight LoW't Final BID. Asked sold