New-York tribune., 1878-06-12

| included In our weekly statement printed belov
| for the week ended June 10, show decline from
the receipts of the preceding week Of S70796 bush
els, divided as follows: New-York, 21S.s01 bush.
els; Baltimore, 205, ,2S0; Philadelphia, $4,000. and
Boston, II ,325. The loss atNew-York all falls upon
the canals, the railroads gaining 24.I67 bushels
This is because the Central and Hudson is bringing
corn from Buffalo at less than the rates by canal
At Buffalo there is an increase in the feceipts both
by lake and railway, of $40, 724 bushels by tbs
lake, and Of 47,050 bushels by the railroads. But
in the shipments the canals show loes Of o0.11e
bushels, while the railroads gain 1880 bushels.
At Chicago and Milwaukee. tine receipts present ad-
ditional evidence that the wheat crop Of 1877 ia
pretty nearly exhausted, and that the rush Of the
surplus of corn is well Of wheat the receipts
at the two ports for the week ended June 10 were
349, ,S73 bushels, against 916762 bushels for the
week ended June 3. Of corn, the receipts were L.
66s, 743 bushels for the last week, against 3.493-
AIS for the preceding week.
So much has been said and written about tho
large increase in the earnings of railways when
compared with the earnings of 1877 that the follow
ing tables showing the earnings for three years and
the prices of the stocks of those companies on June
II in each year. are Of Interests:
CHICAGO AND ALTON. ~.
1876. ls7Z 1873
GLOSS eirningS for first ''''.'''''
week III June...'. lll4oo f6fe sl,eS4
Total since January ST. 0O7 100 si749Jl7s si09s42O
Price OF common stock -
June 1l................... 1Ol 90 slh
1875 1871 1878
'T4sS nary 'pSoilfs o Nay 1tSI '. 72soO ssOsa oo
'iS'i S jGne... Snpnins" n'' week osS4S 7laa son7
p1ss Es =, since .Fss 9a.s sl79a '9SS
CHICAGO MILWAUKEE AND PAEI-
1876. 1871 1878.
0TSns nary to May Os9s25 s2s7O4sO sss2OOo
'iS'j iS aa1nns: n'". ".~. 94Lss7 I44is7 $4,000
Total since January s5.824,i62 s25l4ss7 ss76sOCO
Price Of common stock n "A A..
Price Of preferred stock
June ILL., OJ2 WB
Now that the earnings are likely to cease showing
a large increase. even those Of 1877, and for
the next two months may possibly sh0w decline,
the foregoing tables are instructive the system
of averages which rule with railway earnings as
we'll as with crops. Last year the stocks prefeTedD
of the st. Paul and Northwest roads were sold un-
reasonably low, as if the crops of 1876 were TO he
accepted as the average of all future crops; whio
this year their prices have been carried above those
of 1876 on the idea that for all future time theerops
will equal those of 1877 1t will be observed that all
three of the roads mentioned above show small
gain for the first week in June over 1877. but a
large loss when compared with 1876, which repre-
sented only the average crop year Of 1875.
In the stock market to-day the stocks which
yesterday were the strongest were the weakest,
while the weak ones of yesterday to-day were COM
paratively steady. Lake Shore opened at 60 and
declined to 63ss. ralying to 63's for its closing
price Michigan Central started at II, yielded to
90 la. and closed at TO- and Western Union fell from
the end Central and Hudson alone stood The
attack. selling at I11s4011291119s. Erie de-
ciined from 1853 to 15lA015l2. Rock Island
dropped from 116la to 115l401153s, while Illinois
Central sold up from 81 to S5stGs5l2 The North
west and st. Paul stocks were steady within arrange
of 10 per cent but closed at their lowest prices tor
the 1tay Wabash rallied from 1Jl2 70 Is, and then
welded to 1855. The coal stocks were all lower i'm.
proving a fraction before the close. Morris and
TO s4l9G S5 a s49. The market closed weak.
RANGE OF THE STOCK MARKET