New-York tribune., 1878-06-08
SECOND BoARD-1 O'CLOCK p. NJ.
Ut y
THIRD BOARD-2:30 p. NJ.
FRIDAY. June 7-P. N.

FRIDAY, June 7-P. N.
The week ending to-day has shown no increase in
the volume of commercial transactions, although
owing to the declining receipts at Western cities,
therehas been steadineSs Of prices in the grain
and produce markets, with some recovery from the
extreme depression. This recovery has been most
conspicuous in hog products There seems to be
little no doubt that the wheat crop of 1877 is
nearly all marketed. The receipts at Chicago for
the first six business days of this month show fall
ing off from those Of the last six days of May of
297660 bushels, being 303,197 bushels against
599s57. AT Milwaukee the decline in receipts is
175,477 bushels, the receipts for this Week being
1920 bushels against 393, 1877 for last week. The
receipts of corn at Chicago also show large de-
cline, being 2093,2 2s3 for this week against
1867, 800 for the preceding week-a decrease Of
1,274,037. Omitting the year 1877, which was an
extraordinarily poor year, and making the COMPARE
son with 1876, winch was ordinarily fan year,
the movements for the first week of June compare
as follows: Receipts of wheat at Chicago and Mil
YANKEE in 1873, 520,017 bushels against 1879
296 bushels in 1876 decrease 1851 636 bushels.
For the same time the receipts OF corn at Chicago
were IN 1876. .s5O532 bushels; 1877, 1,159,591,
and in 1873, 2093 2S3. The decline in the receipts
of wheat and corn during the whole week has been
steady and not spasmodic, and there is reason to
believe that ii will continue on wheat until after
August, and on until the daily average is re-
duced TO from 100000 to 10000 bushels
per day. The TRIBUNE heretofore has
explained that the extraordinary move
ment in corn was due to the low rates offered
by railroad competition therefore it is only rea-
sonable 90 expect that the succeeding two months
will exhibit light receipts which in turn are likely
to make the railway competition even more fierce
than heretofore. The railroads having in six weeks
devOured the business of three months, and with
little or no sauce in the shape of remuneratlve
rates. probably VIII have to 80 hungry for the sue
ceeding two months.
The transactions in stocks during the week were
upon a liberal scale, and, subject TO one or TWO
sharp reactions, generally in the direction of higher
prices. The two prominent stocks IN recording an
advance are Chicago. Rock Island and Pacific, and
Central of New-Jersey. The former ends the
week with a final gain of 52i per cent. and
the latter with gain of 45s per cent.
The transactions in neither stock were as large
as in some OF the other stocks which
have auctuated less than 1 per cent. But Central
of New-Jersey was afflicted by the reorganization
fever. and Rock Island was pushed up by the talk
about stock dividend.
The remainder Of the list shows an advance for
the week ranging from p 10 per cent. excepting
the stocks of the St. Paul and Northwest roads,
which all lower, partly because of the falling on
OF receipts. The total transactions for the week
have been 03S,370 shares against 63S97s for the
five business days Of last week.