The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1875-07-24
CONTINUED FROM EIGHTH PAGE. ]
sire for newspaper notoriety and while ne was
willing to tender his views or the good OF the gem
eral ca use, he hoped there would be made no In
discreet use OF his name In connection with the
matters touched upon. Collector Casey is very
pleasant gentleman, indeed, and there Is no doubt
that he Will remain Collector OF the Port OF New
orleans as long as his brother-tn-law remains In
ONCE.
FINANCIAL And COMMERCIAL.
Encouraging Facts for Our
Farmers.
CHICAGO WEAKENING.
Continued High Prices on Both Sides
of the Atlantic.
c. O L d 1 1 l Sd!
G. o L D 1 L "a!
Foreign Exchange Dull-Money
Quiet and Unchanged.
WALL STREET,

At last we have reached a condition In the grain
market when 1t Is safe TO urge natural causes and
results in the face OF FICTITIOUS presentments.
Chicago is great city, phenomenal city In
many respects; but, alter all, considering the
whole movement involved in marketing OF
breads uns, II Is only a station on the great line
OF traf1c which stretches from London or Liver
pool to the prolific farms Of the western country.
To-day's operations in the local market show
decline In prices. This is healthful While. con-
sidered from first selfish instinct, 1t might be
our desire 70 get extravagant prices for our
grain abroad the afterthought brings to US the
conviction that cheap bread Is better than high
shipping figures for grain. We have to live over
here as well as the people IN Europe and while 1t
Is all very encouraging TO see the 3rtisner or the
Erenchman revealing in plenty there Is no en-
couragement to be found Tor us in dear bread.
Cheap bread on the contrary, is an essential con-
dition OF the revival OF our manufacturing indus
cries, as cheap bread means cheap labor. While
present prices OF grain prevail, whicn are alb
normal, the whole economic system resting upon
che product of the soil lmps ana cannot meet its
apparent exigency. The only remedy is, OF
course to seek the public market. and it Is this
We would rescue from clique influences.
THE CHICAGO MARKET
yesterday showed an unsettled feeling late in the
day, with wheat fairly active at 81 254 Tor Au-
gust anu 81 Zz52 IOI 0epJeWpeT. COIH Was eaSler,
Eec. for July, 1890 for August and 7624c. for Sep
sember.
THE LIVERPOOL MARKET
reported breadstuns strong. California white
wheat advanced Id. 3d. to los. 10d TO lis. Sd.
Club advanced Id. to Cd. to lis. 4d to lis. 100.
Red Western spring advanced Id TO los. a los. 90.
Corn advanced Sd. to Cd. to 35s. Cd. u SOS. Sd.
GOLD
opened at 1923, declined to 111'l and recovered
nha op,trn I q
and per cent Loans were also made nat and
at per cent Tor carrying. The Assistant 1rea-
surer paid ous to-day s66,0uO on account of in
terest aud S119, 600 in redemption or fve-twenty
bonds.
OPERATIONS OF THE GOLD EXCHANGE BANK.
Gold balances. $l,29s 62S
Currency balances. l,5Ol, 1867
Gross clearan 3o,34o, 900
The customs receipts to-day were $2Sl,oo
FOREIGN EXCHANGE
was dull at 4s6 4.Sek for bankers 60 days sterl-
ing and 4.s9 4.S91 for demand.
MONEY
Is unchanged, with call loans still ~ per cent.
CLEARING HOUSE STATEMENT
currency exchanges. $oOS23 COL
currency balances .-..-.........-..s.... 3Ooo lOl
Soi9 IZoo' go
Golu palanceS.... ..-.................... Zlza53l
STOCKS.
The stock market declined q to q per cent on
the early dealings, but at the first call became
drm ana prices later advanced 4 to per cent.
The greatest Improvement was IN Union Pacific,
which rose from "a to rs. Pacific Mail advanced
from 3SE TO 49, Northwestern from 413S to Az, st.
Paul from 35A to 81, Western Union from sos to
SIX. Lake Shore from cox to 6lH, Rock Island
from 1861 TO 1861 and wabash from ca TO Z.
Marlposa Land and Mining declined from 1o14
TO Ga and later recovered. At the
second call the market was quiet and
drm. The market at the close was
quiet and generally steady at the afternoon de-
cline, which was u u per cent, except in the
case Of Michigan Central which STOCK was down
Ia per cent. Northwestern went OF from Az. to
ak, and closed at AK.
st. Paul declined from 81 to 36H, and closed at
s6X. Lake shore was firm at 81 a 611S and Union
Pacific at 741S a 745S Western Union advanced to
e1H and closed at so9<. Atlantic and Pacific Tel
egraph advanced from p u to %.
Pacific Mall advanced to so and afterward re-
acted to 3sx Wabash declined from TO 61S and
Mariposa recovered from ga to 1917, The other
changes were slight.
The subjoined tables give the result OF the days
business, Tue highest and lowest figures, with
sales OF each stock and the closing prices:-
RESULTS.
MISUNDERSTANDING and Pacific Telegraph, 1 |:
New YORK Central and Hudson, n; Lake Shore,
q; Quicksilver, ~ Union Pacific, q; MarIposa
Land ana Miniug q.
Observation-Disclosures and Pacific Railroad, u
Delaware. Lackawanna ans Western, "a ; Erie. 4;
st. Joseph, q ONO and Mississippi, q; Paelnc
Mall, 4 ; Rock Island q St Paul. y; Toledo and
Wabash u Western Union Telegraph, IL; st.
PAM preferred, "a; 1865 District OF Columbia, u
gold, q Erie, London, -.
UNcHANGED.- G., @. and L c., Harlem, North
western. do. preferred, Panama.