New-York tribune., 1876-06-26
SALES FROM 2la o'olecK To CLOSE OF BUSINESS,
SATURDAY, June 24-p. ".


General trade is not expected to be active at this
season Of the year. aud that of the week ending o-
day has not disappointed expectation in this paric-
ular although steady decline In the prices of most
Il the principal staples Of produce has undoubtedly
proved disappointment to speculative holders. lt
IS also noticed that with decline IN the flce OF
wheat the receipts at Chicago and Milwaukee have
fallen of from daily average of 1l7OO0 and l24,.
! OoO bushels respectively for the period FROM
Juno TO June 20 to daily average
for the past four days Of only 6S,0OO and $1,000
bushels. Additional Eastern mills have suspended
operation for want of market for their productions
vet n combination of railroads Interested IN ths
mining business Insist in sustaining the price of coal
at fancy figures discouraing to manufacturers OF all
kinds upon whom they tthe coal eompAniesl largely
depend for their custom; aud to successfully accom-
psh and sustain this monopoly the coal roads estab-
lish prohibitory freights tolls to all independents
miners who would gladly mine ard meet
the market in their sales The rail-
road war continues In full vigor, and
has already done serious damage TO the receipts OK
all the principal trunk hnes In the wors OF
gentleman writing from Chicago. the Lake shoro
and Central line has contracted to take wheat to
Newfork at 20 cents per 100 pounds tor II inonths
SO that fail to what beueft it Will bs to tho
roads il the war should be settled, as hear from
your city il is likely to be- Sensible rs the fore
going conclusions secm TO be, the expected end Of
the texpccted because it is fairly supposed that
1t must end some time has beeu for the past three
weeks the basis of bull" " combination on
the Stock Exchange which has succeeded
IN sustaining prices if not in materially
advancing them in all cases During the week the
stock market has been duh and subject to spasmodc
movements intended to mpart confidence 10 holders
and prevent theu from attempting to sell, but with
the exhaustion of each effort the market has quickly
become dull and prices soggy, so that after tho
weeks work majority of stock upon the list show
declines ranging from 4 TO per cent while lew
ouly notably the Northwest. show gains of & TO
I3t PCT cent The Northwest and st. Paul stocks
we're features of the market because of their
iruoss although the latter did not hold It's Prce as
the close So well tho former The argument
uladc use of regard to these speculative stoeA'
was that the how rates FROM Chicago ana @i'"
hy lake particularly. moved both these s,'pi"s
| poiuts pras tically rs far east ~ puhai' anu '-'
| therefore the roads west of Lake Nlchlgah "e'o
| dining and would continue do large ami success
fnl husiucss IN the fetching of grain to Tue i'Ne
! nort This argument would not be without iorceH
tL de,,pd f,r prain were equal 10 the carrying ca
| ,,city of the roads in question; but the laF
! ;ny oT of receipts before referred 10 SHOWS
| tbat something besides low rates Is reqnieu
| to induce shipments for any eohS"el~"''
| ,ngth of time. Lake Shore has been aooFo
| and below 50 three times during the week o",
closes oA b per cent from last SATURDAYS nu,'
pnce. Michigan Central, on the other hand gains
| mar cent ON very moderate transactions tue 'u"'
| carriers have exhibited downward te'"ea'9,
owing 10 "A supply of long stock sold 10y dls'"'NH'
| i,vestors The market for these stocks uo"t'"'
ba, been subject TO frequent rallies after ea'n iV'
caused by the covering of short contracts Nes
Jersey Central has moved downward at a"""' Wv
same rate that has been notced since the s'o' va
selling at above par. Starting at 's IL de''in',
| 729, regular aud 69l2 seller sixty days 'a'i''"
! T7lo. then declined to 73l2, again raiio' ~
! 75Ls074LQ757s075ia. Delaware LacAa"s", J.
and Western after selling Ut loI'e- ta'"'"
| 1878. closing at 100. Delaware and li"'so'' g..
small trade. sold at l06ls~ l05@lo0%' hi' "a
been quiet on all unusually small basineS'' ..ad a.
! I3ssal37s New-York Central sold, e1-u''"; -;
down 70 lO5 aud back "a l00. Ohio and MsS,' 80
has been steady, ou small TRANSACTIONS nr
1890 l6ss Pacific Mail secus to DO "" TIA
something to turn up" the transaeuo"' s,;ooa
week having been very ANAL, and tae nu0''-