New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1885-08-31
1850. IS5t.
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The tendency of foreign markets is unfavor-
able British and French country markets
have been lower since the harvest, and the
French crop is officially put at 2S3,S0O,0OO
bushels, which does not indicate that large inn
ports will be required. The British yield is
placed at 1860, 900 bushels, 80 that imports
about the same rs those of last year will be re-
quired, but India has already shipped to Europe
more largely than at the same date year ago !;
from Bombay and Currachee this year about
10, 500, 900 bushels have been shipped, against
Il, 2OO, 900 bushels last year, and the crop Is
officially reported at 2s6,000000 bushels OF
%. 900, 900 bushels larger than that of the
previous year. Corn distinctly felt the effect OF
good crop news, and fell last week 1l2 to 2
cents per bushel oats fell rs to ll2 cents, and
rye | cent per bushel. In provisions. prices
we're little higher, there being reaction from
the decline of the previous week. while In oil
some reaction from the advance of the
previous week resulted in a moderate
decline. The coal market Is unsettled by
the reduction of prices which the Delaware
and Hudson commenced and the Delaware
and Lackawanna followed. The Pennsylvania
then reduced TO SO 90 for stove coal at New
burg, and efforts to curtal the production APP
pear to have failed. The current reports that
the PENNSYLVANIA Ia likely TO get control of the
business, through the negotiations with Mr..
Vanderbilt, are not apparently encouraging to
producers.
There Is less encouragement IN the railway
world than in any other direction at present.
The shipments from Chicago last week were
only 3 900 tons, and it is noticed that the New
York Central lines lost, in comparison with the
previous week, 90 per cent of the entire guam
tity, and the Pennsylvania lines IL per cent,
while the Erie gained 3.S, the Grand Trunk
gained Al, and the Baltimore and Ohio gained
% per cent of the whole. The desired peace
has not yet been attained. Reports OF contracts
from Chicago to New-York at only l2l2 cents
are telegraphed, and the blame is laid In
dispatches on the Peoria and st. Louis lines
which, 1t IL asserted, have at no time observed
the compact. But the Pennsylvania does not
appear to be satisfied because of the action OF
the Attorney General of Pennsylvania, which
President Roberts states will delay the settle
ment of arrangements with Mr. Vanderbilt. 1t
would appear from this Ihh1 lno ion"oJ ''""'"
Is not quite as indifferent TO the matter as some
speculative accounts which have been tele-
graphed represent. Other events OF unfavor-
able influence are the beginning OF work on
new parallel lines between ST. Paul and Chi
ago, and the negotiation for such line to Kan
sas City. These schemes threaten the property
of many important roads, and seem likely to
bring about at the West some such contest and
decline in rates and earnings as the New-fork
Central and West Shore have witnessed. Prices
declined during the week, and it may be noticed
that they began to turn down in the same week
last year, and after reaching substantially the
same average of prices The average at the
close was $52 per share, AGAINST $53 " for the
preyious week.