Los Angeles daily herald., 1875-07-22
FINANCE AND TRADE.

HERALD OFFICE July 2l, 1875.
During the past week gold has continued
dropping until it has reached l3 per cent. pre-
MUM, and greenbacks range at 67@SS.
THE GRAIN MARKET.
The wheat market in New York experienced
during the past week q rapid advance in
prices, which closes l2c. to 15c. higher than at
the date of our last report. This activity and
buoyancy have been due 10 reports in regard
to the European crops, which appear to have
suffered in some countries from too little rain
and in others from too much. 1t is impossi-
BILE at this juncture to foretell, even approx
mately, how much injury the crops of Europe
may have sustained, but copious private dis
patches received by merchants leave no doubt
that the harvests will fall sufficiently short of
the usual average to assure q market for all
surplus we may have to spare, and at some-
what better prices than were realized last
season, though leading operators doubt that
the market will be- as good as 1t was two years
ago. Shippers have not only taken all the
wheat that has arrived but they have bought
literally for delivery during the next six
weeks.
The wheat harvest now in progress Is likely
to turn out an av erage, so far as the Atlantic
States are concerned. Winter wheat will
probably fall considerably short, but the de-
uCituCy Will uc up ny tHc SpIIHS
growth, which rarely ever held out so good
promise. Spring W eat closes at 81 25asl 81,
and inter at 81 35@l 50. flour has advanced
one dollar during the week, standard Spring
wheat shipping brands closing ut So. Corn Is
trihe dearer and oats and barley are
steady.
THE WOOL MARKET
In New York presents no new or encouraging
features. The demand continues very mod
crate, though through liberal concessions a
fair sale is occasionally effected. With pretty
free receipts Of Spring California and Texas,
and an increased supply of fleece, the market
Can be called weak on about all descriptions
of clothing, including foreign. There is but
little disposition shown to operate in specu-
lative way, az dealers generally have but lit
tie confidence in the future OF the market.
Receivers of California and Texas manifest a
desire to force sales even if at a loss, and the
result is that lower prices are bel ng continu-
ally accepted. The sales for the week were:
$50 ,0U0 bs Spring California; at 2l925c. for bur-
ry and IN a9331ac. for free; 10000 bs. Fall do
ut l8J23c.; lS0W lbs. Georgia. part at &c.,; 3l5,-
GOO lbs. domestic fleece at 41c. for fine washed
Illinois, sic. for No. Ohio, 49@5212c. for Penn
sylvania and Ohio x, and 37s4Oc. for medium
unwashed Western; 5,l05 lbs. tub-washed at
5Sa56Sc.; 25 900 lbs. Colorado on private terms;
1000 ibs unwashee combing at 45GJ5212c.; l0O,-
600 hs. Western Texas at 22a2ic.; lU7 100 fbs.
Eastern do at 3nGS21ac.; 10000 MS. California
secured at 65g7oc; 200 bales Australian at
about 47c; l2U do. Cape at 3o1ac.; 30 do.washed
Donskoy, previous TO lival, at 29932c., gold.
In Boston the demand for California wool
has been fair, but the market for this Gescrp-
ton feels the depression in other kinds, and
sales are made at some concessions. Trans
actions include 4l8,000 pounds at about 3igo7c.
for Spring and lS@2Oc. for Fall; and when we
consider that there is now a much better as
sortment of all kinds Offering than for some
previous months, business In this description
is quite as large as can be reasonably expect
ed Pulled woods continue quiet, and are
likely 10 remain so for the pr sent. Very
choice Maine super has been sold as high as
5jc, but this is q fancy price. Choice X and
super cannot be quoted at over 45lJ50c. W H.
THE CROPS.
The general showing from all parts of the
state is eood-much better than a month ago.
With -four rising, farmers and dealers will
feel much encouraged.
THE HIDE MARKET.
Prices are unchanged and demand light.
OUR LOCAL MARKETS.
Wholesale business fair and collections
dull. Flour, lard, coffee and sugar are rising
as gold declines.
The fruit market is lively and constantly
receiving accessions from our own county, as
we'll as from San Francisco.
The lumber trade continues better than
usual for the midsummer season, and we re-
port large receipts.
Wine dealers have large force of coopers
busy preparing barrels and casks for the
coming crop. Don Mateo Keller has imported
large number OF whiteoak slaves and heads