New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1886-04-06
CLOSING PRICES or rarbAosbpHr4 srooKx
Bid. Asked.
MONpAl. Anrll 5-P.M.

MONDAI, April BPM.
The cast-bound shipments ont OF Chicago OF -four,
grain and provisions for the week ended last Saturday
exclusive OF what taken by the Chicago and Allan
tic Railway only 2s42 against rs 90 ton
for the corresponding week OF 1885 and 9O53 tons for
the week OF 1874 This comparison on its face looks
like very damaging return for the railwa But It Is
not every ton carried In the weeks Of 1884 and 1885
was carried at loss to the railroads and the large bust
ness Of both periods secured by Offering for
transportation lower than 1t possible for the lake
aud canal boatmen to do 1t without loss This year
every ton carried Is source Of profit tho
railroads; 22.000 tons pay profit on
each ton the business Of 1884 and 1888 occasoned
loss on every ton carried tho greater the tonnage the
greater the loss But that is not all the OBJ
tanned for through business affect the all
local business THE TRIBUNE at the dates named was
urging the same theory that It Is What is called
through business between NewYork and Chicago is so
small proportion OF OF tho ways bust
ness that any one OF them better afford To throw It
all away rather than to fight over It at nonpayny rates.
because II the rate for grain from Chicago New York
is 10 cents. 1t is impossible to obtain Is FROM
Cleveland to New-York. and In like manner the rates
between local points, even for short distances. arc
niuriously affected The annual reports OF the railways
have established this AS fact beyond question
IL Is almost criminal for railways to fight and
compete for the carriage OF grain to the At
lantic ports 1t is a business which belongs TO the
irand water routes and they deliver 1t all at the
port Of NewYork cheaper than railway afford TO
DO 1t either at this Philadelphia, Baltimore Boston
Portland Theio IL satisfaction In the alleged agree
ment or the railroads not to attempt 10 compete with the
water routes his summer The lay the land AMI the
natural now OF the waters ertitle SewIork TO that
business and all railway competitions to obtain 1t
both injurious TO the railway properties aud ROB New
York OF business which nature has given It,
The stock market to-day opened quiet and rather
steady. hut soon AFTER tho opening Il subjected to
desperate rading and prices ded from Il 10
l per cent. The movement was only continuation OF
the tactics employed Saturdayar apparent urgent
desire TO sell with little business really done. The fol-
lowing recovery quick aud sharp and then, except
In the coal stocks the fluctuations only those or
Western, from l244 at tho openiny. marked TO
l23&, ana 1t later sold at 1867 o 26ls The coal
companies have finally made combination to regulate
the output land not the price, upon about the same
basis that OF last year The agreed output for
rom April is 800 900 tons. The Pennsylvania Rail
road has 100000 and the other companies divide
between hemstlve- lie remaining 80 600 900 tons In tine
year the Pennsylvania Railroad exceeded its allotment
az fixed by the combination, about 1oOOOOO tons; III
the present arrangement II receives amount about
equal to It's capacity. committee appointed TO IN
the 10th Of each month the out put for the following
month. Lake Shore be the hect OF special
attack the to-day after declining from sos
1874 at sOl2 there large transac iOus something
after character OF Saturdays business in Delaware
LaokawsnDa and Western or the general market there
Is little except that il shows rema kaDle enduring
powers inst the assaults which made upon it,
We call the market strong at the close.
G0vornmsnt bonds opened little easier, but with
large demand improved and the bids for the Is and 2s
closed respectively 30 and u per cent higher than on
Saturday. Annexed are the final quotations: