New-York tribune., 1876-07-17
sAIFs Fl NJ 81. o'CIp~B To CLOSE OF BUSINESS, !
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S.r1rn.Y- Lnlr LIZ. Il.

The week ending to-day has witnessed 50 sharp
decline in the prices Of ioadirg proJUc;s that TIE
TRIBUNE NAV be excused for referring o. it's Oft r.
poalrd suggestions 80 Wcstcm fa'Iucrs that they
should hasten forward their crop, 20 thc sea"oard
SO that the foreign markets should moi hs supplied
from other sources. H. considering THE matter, thc
Ncw-Yorl quotation Tor No. Chicago Wheat at
about tie middle Of each month during the year
rast ma. be Of interest, viz: July, 1873, - 2S I;
August - 80; September, 81 80; October ~ 26;
November. II 81; December / %; January $50
81 81 February Fl 20; March, - - April, ~ -
May - 20; june, ~ J., and Jaly -, 81 o..
Since Sept. J. 1875, Great Britain has imported Of
wheat H. 600. 900 cwt, against 80 100000 cwt for
the previous year. while tho shipments from all the
Atlantic ports for the same time were less than for
1919. How this result was attained at such a
eac-iGco 10 american interests s fully described by
the following cy'rJc, from weekly report Of the
Nev-York market under date Of Nov. H. 1878, viz:
The wi.at market has been unusually dull for trs
srason the year aud prices have ruled ggi," un,e
lied liulder- been firm ~ Prlc's tSl ~ which
shppcis could not meet and al which mlllcs have pu
chased ouiy Ia supply pfesr'ng ne'ds O"t me
Without expecting that suggestions now will
be any more needed IA regard 10 the incoming crop
than they were ore year ago, it may stiil be well
enough 10 state that all accounts from abroad speak
favoraby OF the growing crops throughout Europe,
both as regards quantity aud quality; therefore that
nothing is likely 10 be gained by holding back
wheat, particularly as, Until the close Of inland
navigation, il can probably be shipped from Chi
cago or Milwaukee 10 New-York az cost OF less
than cents per bushel NOV ct less Than cents;
yet il is source of regret 10 notice that
with the recent decline in price the re-
ceipts at the lake ports have fallen off
nearly 80 per cent. below what they were in June.
The dvy goods trade seems TO De much interested in
regaId to an important auction sale OF blankets aud
flaI 3elS announced for next week, no less than
90 900 packages Of these goods seeking market
at the hands OF the auctoneer In regard to Tie
stoci market for the week. there is but little to be
SAID. The transactions aggregated only 49,, 200
shares Of which 20l 800 shares were done in the
special pets Of the street, Lake Shore and
Western Union, the former of which, after
having sold at 57I4, closed the week at 55is
decline Of lo per cent notwithstanding the free
distribution of the best Of points that the stock
wond " 90 up" Western, on the other hand, has
gained ls at 7l3s after having sold at G924 and
II - perhapg because IL was not until today that
this sure point was gwen 4" DOM know anything
about Lake Shore and the other stocks but Western
Union is going up" The price OF this stock has
doubtless been somewhat affected by the proceed
ings in tho courts in relation TO the payment Of its
dividend, and the arguments used cn both sides To
show why il should go NJ. First if the dividend
should not be paid, the stock was worth 1l2 per
cent niose, because II is selling ex dividend; and,
second, if The Court permitted the dividend TO be
paid that would be proof positive that it had been
fairly earned, and Therefore advance the price So
buyers who paid their money could take their
choce but as il turns out tie dividend is to be paid
by permission of the Court, and the investigation s
not ended. However much or little there may be
involved in this legal contes-wiether il be a stock
gambling movement, pure aud simple or something
more seri0us-there many good friends Of the
Western Union Telegraph Company who reason that
inasmuch the report of the directors for the quar-
ter ended Juno 80 plainly states thJs the sum Of
S12500O was received as "a dividend on
International Ocean Telegraph stock belong
ing 10 Weston Union. aud inasmuch