New-York tribune., 1885-09-18
THURSDAY. Sept. 17-P. N.


The alleged advance of rates for railway ransporta-
ton of grain from Chicago the Atlantic ports has been
made important factor In the stock speculation OF
last days The fact that rates for provsions whch
generally command rate cents higher than that for
grain sti continue to rule at the lowest hgures-lo
cents less-has hardly been mentioned. There Is
seeming anomaly for provisions and an
irregular and sliding scale Of from 10 70
Is cents for grain But an old rail-
way official gives us clear explanation
OF the situation and Of the which create H. In
ordinary the proportion OF total tonnage OF ea1
and railways about 81 per centeastbound against
38 per cent westboundj that large proporuoh Oh
the either light empty AT present
the westbound freight SO low that cars are
their full capacity, and empty cars are sent
TO take return freight at the existing ether OF
15 eents runousy low rates SO 1t happens that
is an irregular supply Of cars at the west Io-uay
road has supply, while another is Without
any, and the conditions are reversed Inc
line without charges prohibitory ratei the nhe
with does best It to I'LL Its cars for return
east this only explains the irreguarity In grain
rates Why rates for provisions not alleged to be
advanced Is explained follows Last weeks expert
ence showed that the low rates failed to s-
uate of graln while 1t stimulated that OF
provisions hence the railways. whether they nave cars
for to-day not anxious to secure such stun as VIII
Ill their cars that are to arrive from the east This ex
~~N-~"~
tory encouraging The that grain can not be taken
because the elevators full erroneous Inc
capacity OF the elevators about New-York Harbor Is
900 bushels and thsy contain, or all gran
only about 9.OO0, 900 bushels
TO-days stock speculation presented only us nsua
local Tho total 200 shares
close up TO yesterdays business, but the t~o
stocks-Mssouri. Kansas and Texas and Texas racine
which yesterday gave 10000 shares 10 the total TO-
day contributed only 2s90O shares, ana they
both, after further early advances,
finally closed lower Than last evening. 81;
Paul stock to-days special feature ana recoruen
transactions of $4,000 shares. IL opened e higher at
793s and strong 79a till the publication OF lts
earnings for tile second week In September, whlen
showed gain 1884 Of $10570 Then the price rose
70 sole. 1t later sold at 70l4Q79i9 Compared Win
1888, the weeks earnings show decrease oI S5ZSZo
with 3s5 miles OF road The present ST. Paul spec
ulation generally ascrbed land probably correctly TO
the Standard OIL combination which has been IN ana
stock several times during the last Two years
To-day 1t seemed be trying TO get out eut
did not meet with success Delaware, Lacoa' 6
wanna and Western rose le 1909 and closed at 100
coming dividend win be. There would be little ques
ton being per cent II 1t was not known thHt
some of the had held unofficial conferences on
condition OF the coal trade and between themselves
expressed anxiety the situation The general
market showed further improvement In values In
the early dealings aud finally closed lower than last
evening. The general aud prevailing features were
duiness and apathy. u, 49,.
Government bonds extremely dull, and the tone
OF the market barely steady at unchanged quota
tions. foowsf