The New York herald., 1875-07-20
Continued Advance in BFtadStufs Here and
Abroad and Its Reflection on
the Street.
q 0 l. d 113 7-9 a 114.
Foreign Exchange Quiet
Money Unchanged.
RAILWAY MORTGAGES ACTIVE
Further Buoyant Tone to the Stock Spec
uIaton and Higher Prices.
WALL STREET.

WALL STREET,
MONDAY July 1s-6 P. M.
The prospective grain movement continues TO
be the pivot Of speculative action on the stock
Exchange, and, Win Its continued hopeful out.
look, sustains the. revived feeling OF confidence
IN the future, which Is 80 marked a feature OF the
present situation. BY tnls IL is not intended to
be implied nor does the shrewd business man an
ticpate, any such phen0m nal result that the
breadstufs market Will maintain It's upward ten
dency throughout the ent re season for market
Ing our crops. In a sound condition OF trade re-
action is inevitable At present stocks at the
seaboard here, as well as ln Liverpool, are ex-
hausted, and the current hes are mainly TO ar
rive; but
THE GREAT POINT
which underlles the present speculative excite
ment ls that the demand for actual consumption
has absorbed the stocks on hand at the dlstrlbut-
ing points and that now Liverpool and London, as
well as New York, are dealing In grain which has
not yet left first hands, WINE the tone OF the for
mer markets shows hat runors so industrousy
circulated here that the damage done by the
floods in France, Hungary ana England had been
overesUmated are not reelected there. Thus tee
following summary presents tue character or the
foreign Dreadstufs markets this morning, being
the Marx lane report:-FloaCng cargoes wheat
nrm and dearer; 90. corn dearer. oargoes on
passage and for shipment, wheat firm and dearer;
CO.. corn, strong. marx lane-Wneat Is.
to Is Cd dearer; do. corn, firm and
dearer. Arrivals or coast wheat ana
corn small. English country markets, wheat
generally dearer, French country markets. 40.
Weather in England wet. French crops-Wheat
injured by late storms crops on Continent gen.
orally reported 10 suffer. Liverpool-Wheat spot,
improving; do. corn, finn and dearer. The mar
ket here was
FAIRLY RESPONSIVE
to the conditions ABOVE reclted AS affecting the
market abroad. Flour opened higher and excited
with shipping grades IN demand Ior export at a
further advance, and trade brands fairly active at
higher figures. The market closed quieter but
strong at the Improvement, the demand running
principally on spring wheat, Nhlch was neld above
buyers views. Wheat advanced &c. to &c. on
spring, while appFehenslons OF further damage by
rains IN England rendered the market somewhat
excited. This market closed at the ad-
vanced figures, but quieter, shippers hold
ing out for lower figures. Corn was
Arm and active, though the advance In freights
checks exports. The receipts OF breadstuifs to-
day were Flour, 17,lOs bDls.; wheat 24O7s4
bushels; corn, 14s $50 do. While these quo atoms
and figures represent the nreadstufrs markets
here and in London TO-DAY 1t is not TO be assumed
that they Will not chansc Inc arrival OF grain
already sold In advance WIN have a tendency Of
course, TO produce lower prices, while any con-
siderable increase OF the stock here and
IN Liverpool must necessarily be followed
by O decline in bOtn markets. But let
IL be observed THAI prices are now alb
normally high, having been advanced upon the
unusual combination ol a suddenly active demand
with low stocks, not only at the grain centres
abroad but at our own aboard. 1t is not neces-
sary that present prices sLould Ge maintained to
AFFORD US the opportunity of success ully market
ngu
afford US
THE OPPORTUNITY OF A FAIR PROFIT
upon such surplus, and that is all tnat any shrewd
business man locks ior. In reore our farmers
should not permit themselves 10 oe LED asJray by
the arguments OF Chicago SPECTATORS. VINO, In
seeking to make q corner. would induce them to
believe they had Bonanza In every corn ana
wheat field 1t is no such Thing. But they nave
every assurance OIL falr, legitimate profit If tney
bring their crops TO market promptly, and this
should content them.
THE STOCK MARKET
fairly maintained It's exDec alton OF better prices
a result of increased rdilroaa trafic In bringing
t1e grain East, and better Western heights west
ward, consequent upon the awakened require
ments OF the farmers wneu tney shall have sue
cessfully disposed OF the same. This was not ap-
parent in the nitial dealings, which Witnessed a
decline IN Lake Snore, Erie. Northwestern and st.
Paul OF 4 TO q per ceat. There was an
early recovery from This, however, prices ad-
vanclng q 10 per cent, onio and Mississippi
and Northwestern preerred exhibiting these ex-
tremes, while ST. Paul and Western Union ad
vanced u each. iurtner reaction Of q 10 per
cent was subsequently notcd, which was later
again recovered, a bullisn ieenng prevailing up to
the close, The market leaving on strong at about
the best figures OF The DAY.
THE RESULTS
of the days transacilpns IN the several stocks
dealt in may he seen from tie subjoined exhibit
OF the advance and decline IN market:-
ADyANCE.-Atantic ana pacihc Telegraph, n;
New Y0K Central aud Hudson, "a Erle, q; Pan
ANA, 4; quicksilver. ]; Rock Island, q ST. Paul.
q; leedo ana WABASH, q western Union Iele-
graph, q; ST. Pau pree red, Ia; Mariposa, q;
Erie (London), "a.
DECLNE.-Delaware, LackSwanna and Western.
y; Harlem, Il; Lake shore, q; Paclnc Mall, u;
Union Pacific. 4.
The subJolned tables give
THE EXTREMES OF THE DAY,
with the sales OF eacn STOCK aud their aggregate,
with the closing prices:-
highest. L01oest Sales.