New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1879-06-26
THIRD cALr-2:so p. M.-Continued.
WEDNESDAY, June 25-p.x

WEDNESDAY, June 25-Px
Our usual summary of the movement of grain fos
the week ended yesterday. which is printed below.
furnishes additional evidence of the damage dons
to the commerce of New-York by tho ruinously low
rates at which the railroads are doiny
business in order to compete with tina
water routes. As compared with the correspond
ing week of 1873, the delivery of gram at New
York last week was 1881. 072 bushels. aeaipss
1,738041 bushels last year an increase Of 594 431
bushels. The railroads gained 1,133, 716 bushels.
but the canal lost $50 III bushels Taken separately.
this net gain to New-York seems to b. favorable,
but when It is compared with the gains
at Baltimore Philadephaland Boston iii seen that
the rates by railroad, which nearly or quite az
low as those for winch the boatmen can afford tn
accept the freight have diverted to the three ports
named large quantity Of grain that should have
sought the cheaper route by water to New-York.
The total receipts at the three ports last week
were 2.911 ,377 bushels, against 1876, 064 bushels
last year; increase off ,3463 13 bushels or ISL
SSS bushels more than the gain of New-York Tho
movements at the lake ports continue TO l,e large
the receipts at Chicago last week having been
272O,S6S bushels. against 1850 624 bushels
last year, and at Milwaukee 55s, 200 bushels
against 372,950 bushels. The shipments for
the week of this year from Chicago amounted
to 3217,5O2 bushels, against 1853, 754 bushels
for the corresponding week Of last year. and
from Milwaukee the shipments were 86l 900
bushels this year. against 300 $40 bushels last year,
But the reported movements at these ports.
and particularly at Chicago, are to a GER
tain extent the results Of dupicated reports. Tho
Chicago Daily Commercial Bulletin OF juno % says
that within the past twenty-f0ur hours seven yes.
sells had arrived at that port from Milwaukee and
other Lake Michigan ports, bringing 10000 bush,
els of wheat. OF course tins quantity Of
wheat had already been counted in the
receipts at the ports from which It was shipped to
Chicago. These shipments are made to Chicago Pc
cause at tho present time that market offers o
higher price for wheat than the others offer. 1t is
for the same reason then caused the shipments VI
wheat from Chicago to milwaukee,.
This was another dull day at the Stock Exchange,
the transactions in stocks dwindilng TO total Of
141 800 shares on Monday. Yet the fluctuations in
prices were fully equal to those Of either
sin and trunk line shares generally were
weaker. and IN final sales show declines ranging
from ls to y per cent Chicago, st. Paul
and Minneapolis, however, was an exception to
80 Yesterday this was followed by an advance to
$685. and later reaction to 1925. Louisville and
Nashville stock continued to be active e5I ~
opening and highest figure, and 6OI4, us
lowest price, closing at 81. Hannibal and Ste
Joseph common was weaker at 2Ols, the preferred
'N"''HfN'
f bSbeT Nog at 4op & Lou 1roS
and Southern per cent cent. higher 9 oma S M,
lower at 1875 1919, Wabash selling at 3Ga3js49
So The little that was done IN the Investment
shares. excepting AN advance OF 4 per Gentle
Illinois Central, was at prices shade lower :.
The prices of the coal stocks were fay0rably af-
fected by the nominal advance of Ia cents
AT to-day's auction sale OF Scranton coal over
the prices of the May sale. We say nominal adj
vance because coal men openly speak OF the sale
as a laundry" affair. But whether lt was
or was not, the advance IS too lnsign1liicanss
TO produce any genuine effect upon the values or
securities The average price to-day for the total
20 900 tons sold was 50 80. which compares unf
of June, 1873. The $4,000 tons sold in June 1873,
realized $4,000, while the 10000 tons
sold to-day realized only Sl66,6OO Another cause
that temporarily produced favorable influence,
because It is supposed that the transaction places
the Delaware, Lackawanna aud Western Company
in easy circumstances, was the announcement tha5
the company had recently sold S1,2OO,OOO of tho
consolidated bonds of Its leased Morris and Essex
Railroad. AS q consequence Delaware, Lacka|
wanna aud Western advanced % per cent?
IdSsF Tea SdTagnced per Ss cent and Norris
AID Essex | per cent with later reaction
of u per cent, while Central OF New-Jersey
were better Western Uulon making final gain OF
d per cent. and Atlantic and Pacific y per cent
but American District declined from 80 TO 64t2.
The total business III PACING Mall was covered W
ss les of 400 shares at 10 is0 1888.
The bullion mining stocks generally continue
dull and prices drOOp. kiernan's W all Street News
Bureau has a dispatch from San Francisco, stating
that the superintendents Of the mines upon the
Comstock Lode are enthusiastic concerning the re-
suts that are 70 follow the connection OF the mines
with the Sutro Tunnel We understand that lt 10
the intention TO let from the mines into the
tunnel on July 4, and there is not long time TO
wait before the real value of the Sntro Tunnel TO
the mines and TO It's stockholders will be demons
strated. ,.
The general market closed dull and irregular.
RANGE OF TIE STOCK MARKET
AZ reported 0I ne cold and Stock 1sLegrdph CopdnH