The New York herald., 1875-07-17
WALL STREET NOTES.

CROP EXPECTATIONS AND PRosPECTs-THN
FOREIGN NARKET-FoRGED BANK OF ENG
LAND AND BANK OF FRANCE NoTES-ERIB
RUMoRs AND INCIDENTS AND Pa
cIFIc AND THE FRANKLIN TELEGRAPH CON-
PANY-EARNINGs OF WESTERN RAILWAYS.
There was not much that was new to be CLEANED
outside of the Stock Exchange yesterday where
there was q decidedly irmer tone to speculation,
resulting from the increasing prospects OF an &C.
tive European demand for our breadstufTs, owing
to the recent disastrous foods on the Continent
and in England. The sharp advance which has
already taken place abroad in wheat and corn
favor an early forward movement, which Is also
reflected In drmer feeling In respect to freghts.
Delay In forwarding is the one thing to be avoided.
This delay last year cost US the market, and IL Ia
now estimated that as much as
ONE QUARTER OF LAST YEARS CROP OF BREAD
STUFFS
is still In lrst hands. This unsatisfactory result,
as it was regarded all the year. but which prom
ises better just at the present time, was one OF
the consequences or the granger movement, the
grangers, in their hostility to the railroads. play.
ing directly into the hands or the Chicago specuia-
tors and helping them to make a corner Hun
gary and Southern Russia IN the meantime gain
ing possession Of the Liverpool and London mar
Kets. II is to be sincerely hoped that no sucn
folly Will this year rob the country o; the benefits
blessing the land with an abundant harvest. the
markets all promise ready absorption of oU
surplus grain IL the shortsighte ednessof our farm.
ers does not lead them 10 throw away the fair op
portunity now presented them 10 furnish Europe
with the
DEFICIT IN THE FOOD SUPPLY,
resulting from the wholesale destruction OF crops
there. OF course 1t cannot be matter OF rejoio
ing that such opportunity is ours, thus arising,
I'M q buginASg
it Is our duty and Is also serving the cause OF hui
manity for to avail ourselves of 1t in early and
large shipments, even at lower figures than those
now ruling. But there Is danger ahead II our
ton has reached the street OF preparations being
made IN Chicago for another corner In wheat II
this be so, IL is for the farmers themselves TO
apply d remedy by quick delivery East. and 50
Illustrate what is nothing lecL chan a conspiracy
their crops crops The" The urtnor advance m in Nv wheat
Ia Liverpool yesterday READERS the FORE
and prospective situation. 1t was rejected, not
only on the Produce Exchange, but on the Stock
ter advancing upon the expectation of generally
Increased business in bringing grain East
1ne advance In wheat 10 our market yesterday
ing 100000 bushels, mostly for export, and well
distributed among shippers, generally to England
marks an Improvement this week OF twelve TO
fifteen cents per. bushel. Flour is also higher
upon an active demand, ana has advanced about
Hrty cents per barrel In three days.
LOOK OUT FOR FORGED BANK OF ENGLAND AND
BANK OF FRANCE NOTES.
Leading bankers here have been advised from
London 60 be prepared for the Offering In this
market OF forged Bank OF England and Bank
OF France notes. The despatch received is as fol-
lows;-
We believe large amounts Of forced Bank Of ENGLAND
and Bank Of France notes win be offered In america
Caution our friends
Tho stros, wos 51iIS SfIG 1GAN' S;tE ,,or. ,os,,.
Erie again yesterday, among others to The e1ecs
that MI. Jewett mad made arrangements to meet
that an effort was to be made which, lS was
thought would prove successful to vaeate
To the new drec%on aa secte eder last ' Tues
day. 1t Will be understood that an
rumors affecting this stock must be received with
caution. AdvlcoS from London state tlat meet
ing Of the Erie Bondholders Protection Commit
tee was held yesterday, at which y was decided
cent to defray expenses. A telegram WAS re-
celved ana read from President Jewett TO Sir Ed-
ward Watkins, chairman or the above-named
committee, promising the latter cooperation In
his mission to this slde
ATLANTIC AND PACIFIC AND THE FRANKLIN TELE-
GRAPH COMPANIES.
The choice OF directors OF the Franklih TeIe-
ihnrsdsy as well as tse Geeat OF an Effort 10
place it In antagonism to the Atlantic and Pacific
as ting tO virtual consolidation of tho
interests OF both corporations,
ANOTHER RAILWAY RECEIVER.
Adviccs were received from kcokuk, Iowa ca
the encct tnat Judge Love- In the United states
Circuit Court, on Thursday, appointed Genera
Cedar Rapids and Minnesota Railroad COMPANY.
EARNINGS or WESTERN RAILWAYS.
The earnings or toe Rock Island road show an
increase du.ng the first week IN July or $4,000.
Tue annual meeting OF the Chicago and North
western Railroad IS 10 be held next week, and tha
appropriate officers Ol the company are now busy
on the annual report TO be presented then. Is lz
said thlt the report VIII show that the gross earn
ings for the year were between $13 100000 ana
$4,000, 900. Accounts from other roads west Of
chicago are equally encouraging, these roads nOt
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