New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1876-08-14
sA11stalM 2 o,cLocK 10 cLosG OF BUSINESS 3
g. New Prod coaso, L and Lake shore
SATURDAY. Aug. l2-P. N.

Quite .tura1y To- ne middle Of August the move
meut ~ general mcr iudsc begins to show some
fwpiov,incut over tAe siagnation which prevailed
I'm mid, luul-r; still Their" has not been ds YET any
lcyc pIEcut that point :" an Improvement over last
it,rln In the great staples Of produce the T:oyc-
men, has been laEgUid ami at generally declining
PRICES. There are those who in view Of the large
crops % wheat which ale reported for the whole
world and consequently the probable lack OF
rarke: To- surplus bTeadstuil-, except from Grrat
Britain. who confidently predict that the new crop
vii open ~ u cents per bGshn. IN Chicago. Whle
this i,-rr may seen extr..yaganty low it is not to
~ disputed that the tendency il TO lower prices.
hfcrall the price is of less conscqu except 10
the individual producer provided lac will consent to
send Lis grain forward and sell II AT the market
;ric,; but the fact that experience teaches that
the farmer Will rot readily sell az what he deems
to be a comparatively low price, until forced
IS necessity 10 do So rcnG'rs the pr
An important factor IN making calculations
for the immediate future Therefore 50
far as affecting general trade and The earnings OF
railroads il raxss but little difference whether the
pyicc shalt be - the present price Of So. Inch Is
stall low compared with prices for several years past.
4 he stock market during the week has been dull
ard fcycrish but in the main higher than last week.
The market is az present limited few operators.
and t.cy SO generally enlisted on the bah side, 10
render 1t void of general interest. Clqucs hold
LAX, shore Rock Island North-WesterEs. ~. lauls,
and Pacific Mail each and I'll apparently waiting,
like McawbeT, for something favorable 20 " turn
up tua, p,rchlucc might induce the public Ia come
in and take their holdings. They have the prs
poets of am immediate settlement of the railroad
war two three times week, when IN reality
there exists 10 war; but Il natural competition for
Oft he Of fgn
roads for the business 10 De done. The new rail
road war west and southwest 80 Chicago, it is
asserted viii u0t aect either the Northwest IA OF
Il. Paul road and geography is brought
into rcVuisition 10 demonstrate the stat. uleut
while the fact remains that the roleio, Peoria and
Warsaw Railroad, which inaugIwated the war shows
a comparative gain ii 81 $50 fol the first week Of
August, ainst a loss by the roads that are mot
Affected There m numerous short croSs-cut roads
running through that country OF which our Stock
Exchange has yet to the first certificate. Rock
Island which is directly Affected by the new war,
il sustained because 10 has declined two per cent.
and u further fall might have an unhappy effect
upon the securities Of TIE Northwestern Company
And Paciiia Maxwell as it can't lee sold the price
may web be 81 rs a. This stock ha7 apparently
reached its final anchorage, as did Atlantic Mail be-
fore lt Western Union on a moderate business,
was generally firm the lowest being 7Ul2, and the
highest and closing 7l7s. There was considerable
talk toward the close about consolidation with ihe
Atlantic aud Pacific Company, and of 4 prospect
that The Lion aud Lamb may soon he down together;
but il ia highly probable that the advance was
the aud the talk tie eject instead of
the reverse. The fortunes of the coal-carries'
stocks have been variable, fuctuatipg up aud
down according to the current reports of the
quality of adhesiveness with which the coal COM
bination was possessed. But be this as it may the
coal trade is dull aud thoroughly dcmoralized aud
the public proposing to buy their coal this sea-
son at prices relatively those ruling fer other
merchandise. IN New-Jcrscy Genital there was 1.
single day. corner Cor each stock that carried the
price to 81, hut usual in snch cases it resulted ia
knocking the future trading in the stock nearly as