New-York tribune., 1876-08-21
D'CLO.a TO CLOSR OP BUSINESS,
OlIGCE.
SALES FROM Z


There were 20 features IN the commercial sitU&-
tion Of the week ending to-day which call for spe
oia notice. That class of merchandising ike dry
eools d. which has its duh and busy seasons,
naturally begins to indicate the approach Of
the Autumn months by g renewal OF purchases for
-bc interior Grade but as compared with former
scason5 there are no signs Of ENLARGED movement
Iudoed the conservatism IF buyers is q subject OF
general remark The trading in Western products
CAM ueariy 10 . stand-slI. III wheat, the hasine
for day or two vas insufficient 70 establish quota
tinrs. while n0g products were dull al q heavy dc-
cline. Toward the close however. there was o
.7ls more activity. aud q :rnsr tone to
pr:es,. his condition IF affairs 10 The Produce
ken ngc is occ..sioued by the reported prospects
for large ero. in Europe both Of roots and cereals
which II y Lied As now seems reasonably certain,
must have a marked effect upon our ovn markets
for u vho!, ycar. The principle faaruge IL to-days
weekly bank statement Is the heavy loss in the legal
tender average Amounting 70 81 03s Uee. 1t appears
reasonable 10 ascibe ouehaf of tlt los, r. then "a
lmtrance 90 tine Treasury Department to ralrase
bonds held security on circulation The other
half is quite likely forsrduucr OF the demand
T. come for the handling cf the cotton crop Of Tho
South. On tie Stock Exchange the bull speculation
ran very smoothly dmiDg the first part Of the week.
On q doll market stocks wcrc bid MP, washed UP,
and Ia few cases. when actually necessary, ac-
tua.ly bought up The railroad war was 10
be settled Immediately as if lwerl it tUei itwouid
make any material difference Ehe receipts JG l2i'-
roads. when all the principal shippers have made
contracts at present rates, running from 10 Q
months. But Lake Shore rose whole . per cent 10
5t5s; Michigan Central, y per cent t. 4&33, and
New-York Central, IL per cent to 107. \ select
few, who would be sure 70 communicate Will the
largest number were privately advised that the -.
Paul road Uogd certainly show increased earnings
for the second week Of August fOI which tho Street
had the assurances Of a prominent official
OF the road bat nothing was said about
the week OF 1873 having been par
ticula.rly small one. 30 St. Paul danced
merry dance from 695s to II =, wbily the Common
in lieu of a dividend payca the band FROM 81 -
37os The readers If last Wednesday, TRIBUNE
had warning that there was no probability Of in
creased earnings even the small week Of 1.75.
because report of the receipts OF wheat and lour
at Milwaukee for the week Indicated
loss 70 tho road of about $4,000:
IN order 10 SECURE gain it was necessary tha in
OtEer business there should be an increase more thnn
sufficient % the loss on these two items
The Northwest stocks did not DO much IN the way
OF rise. having been afflicted with too much re-
port" The common retailed at 39430l4. while iD
TIE preferred there a sort of ,oLbj1g trade at
63o50644 Ii IS understood that this company ~
30 pressed with business that it mar not yet been
able TO audit ts earnings for July but the earnings
Tor the next month which happens 20
show increase will doubtless be promptly
furnished to the public. even if other
aud more important matters have to be neglected in
Consequence. Rock Island displayed little agility
under the guidance of An experienced acrobat, IN
very severely furnishing the boys who sold II last
week at 1912. The attempt, however, TO carry the
price to los proved a failure (107s4 being its high
est, did also the attempted stale dodge 70 force
premium for the Of the stock after it's price had
returned to LOG. There seems TO be no reasonable
doubt but that for "A considerable guam
tty CT this stock has recently been sold to the
street; and il appears equally certain that all
the late heavy purchases from 1852 10 1878
purely speculative, and intended for short turn"
Erie experienced a spasm the report that the En-
glishrnen anxious 10 increase the present cost
OF their stock by the payment of So per share by
way OF an assessment, and sold up to 1923, after
ward becoming dull at I4ls014l4 Ohio and Missis-
nppl brought its best price, 1885. Monday, and