Los Angeles daily herald., 1875-06-04
FINANCE AND TRADE.

In the leading Eastern markets for bread
stuffs during the past week the bears have
held control and prices been depressed. This
has been accomplished easily by two means
the tightness of the money market and 10
gus dispatches announcing that the crops in
the great grain regions of the valley of the
Mississippi and Missouri would not be injured
by grasshoppers. OF course, so long as the
depression in finances exists there will be q
natural tendency to low prices in the grain
market, but 1t is now ascertained beyond
doubt that the grasshopper plague Of the
Northwestern States is more disastrous than
at any time since 1857. Western Missouri and
Iowa are rendered desolate by the plague and
Kansas and Nebraska have experienced al
most as severe visitation. The wheat and
corn crop from these productive regions must
necessarily be quite short, so that the bears
cannot long hold their grip on the Eastern
grain markets.
Advices from Europe indicate light crop
and there has been quite an increase in ex-
portations from New York owing to this fact
and the low prices ruling. In Austria and
Hungary much of the wheat had to be plowed
up. In Baden it was hoped the last rain
farmers plowing their fields over, owing to
the hopeless outlook. The heavy snow in
Russia melted slowly, and farmers had no
chance to commence work early. Summer
rye, wheat, barley and oats have suffered
badly
The following reports will show the condi-
ton OF crops in California:
BUTTE CoUNTY-The late rains have proved
lab hntN IN lnA
assist the late sown grain heading out. There
is every promise now Of good harvest.
CoLUsA--The headers have been busy for
two weeks, and fields are turning out much
better than was expected. The harvest Is the
earliest ever seen In that valley. On Thomas
Creek from Tehama grain never looked bet
ter.
CONTRA CosTA-All the well cultivated
fields are exceeding the farmers expectations,
but late sowed or poorly cultivated grain Will
Weld q very small crop. The central and
Western districts will turn out an average
Weld The farmers are cutting the barley and
wheat will be ready for reaplng before the
early harvest Is over
KERN-The harvest is most promising, the
grain ripening we'll without irrigation, Well
cultivated crops are turning out usual yield
LAKE-The late sown grain will give an av
erage crop. owing to the late rains. A fair
crop is expected from the early sown crops.
MERoED-Large quantities of hay have been
Summer-falowed fields will yield fair crops
OF wheat and barley. The prospect for a fair
yield is good, though the average will be be-
low last year.
MoNTEREY-On the uplands from Castro
Vile to the Muneras Ranch the prospect is
good for an average crop, and 1t Is now esti-
mated that the crop will fall but little below
last year. Last year there were 100 tons of
grain shipped from this valley, and the grain
for shipment this year will not be much less.
NAPA -Haying has commenced in good
earnest; weather good. The frost and North
Wind did no material damage, except 10 few
fields of fallOwed grain.
PLAcER-The early grain looks well and
may make q two-thirps crop. The best judges
estimate the general yield at a three-ffths
CROP The late sown is In some places light,
but all will make something.
SoLANo-Around Rio Vista the crops will
be better than last year. In the vicinity of
Dixon and Vacaville there will be a fair yield.
The harvest has commenced and everybody
is busy.
soNoMA-The corn crop looks well, with q
large acreage. Wheat will be better than an