The New York herald., 1875-10-25
FINANCIAL and COMMERCIAL.
Review Of the Week---The Crop Move
ment and its Lessons.
THE SPECULATION In STOCKS.
Gold Exchange, Government, Railway and State
Bonds Failures Of the Year.
WALL STREET.

The commercial situation during the past week was
without change. As former weeks the principal
business In dry goods has been transacted through the
forced saethat, too Of the most staple articles-and
by considerable reduction In prices, thus inducing
sort OF speculative movement overbuying on the
part Of the few who able. This, however IN turn
reacts to the detrment of the general trade To such
extent have these forced sales been made this season
that now informed there Is scarcely art
Gle OF staple goods which s not selling below the actual
cost of production. Such state of affairs especially
in view Of the greatly decreased production and impor
tatons OF the season. does indicate that natural and
healthy demand tor which we had hoped The grain,
produce and general merchandise markets. aside from
speculative influences, have also been tame, with q
tendency toward lower prices In word, disguise 1t
rs we may business II not sagnant is slow and unsat
isfactory. Why does such condition exist after Two
years Of rest which should have been years OF iqu-
dationp Much stress continues to be laid upon
AN ANTICIPATED ACTIVE MOVEMENT
and export demand for the large crops of the West
These hopes may yet be realized, but as no possible
good can come from self deception upon a matter OF
such vital Importance below present facts
which to bear directly upon the general prosperity
OF the country and especially upon the interest Of trans
portaton companies The bright promises were
indulged IN year ago regarding the crop of 1874
but they failed in fulfument because farmers and
spectators would not, until too late, accept q price
at which our wheat could be exported that while
Great Britain for the year between September, 1874
and September, 1875, imported 600 600
OF wheat than in the twelve preceding months, tho
Atlantic ports of the United States during tho
time decreased their exports about forty per
At time 1t thought that France would be short
Of wheat this year. but read In the London papers
Of liberal importatons from that country seems likely
that Great Britain again Is to bo the only buyer Of
wheat. If the following facts of Importance
MOVEMENTS WHEAT
toward Great Britain from September to October 2
compare as foows:--
Imports into tho United King
ASoat' bound 10 the United 'i0''' '''4o'' 80
Kingdom, quarters. .......... 200 1000
Both reduced to bushels totals l5 l7o655 81 500
Increase for 1875 bushels ............. 6697, ,235
The exports from New York compare as follows-
August IA to Oct 2 bushels. 8, ,750 300 4775 800
OecIease puSnes SIo,OOO
Thus while Great Britain actually imported and had
aoat 1907 235 bushels than at the corresponding
time last year. the Atlantic ports-accepting New York
rs the creron-had exported about 900 600 bushels
less II has been estimated that Great Britain would
be compelled to import during the year. from Septem-
Der some TO- 600 900 cwts of wheat II this estimate
IL correct 1t seems she has nearly twenty per of
tho total quantity in sight within the first month 1t
here be remarked that the exports from New York
since October to date show but trng decrease from
those Of last year.
The following the relative prices Of wheat and
corn In Liverpool and New York at the respective
periods TO witt -Octo6er 80 -
1874 1875
Liverpool-Red winter wheat, per
Genital. l...... ...................... S. 1od- los Cd.
New York-No. Chicago wheat, per
bushel, gold ............ .......... 963xc 81 OSk
Liverpool-Corn, per quarter. ass 3D. 29s I'd
New York-Corn per bushel, gold. soc. Ole
The prices in New York relatively about the same
with Liverpool as one year ago The quantity in New
York and moving toward it at the respective com
pare as folows:- October IL
1874 1875
In sfora in Now York md Proollvn