Los Angeles daily herald., 1875-07-15
FINANCE AND TRADE.
HERALD OFFICE, Jul,

since our last report gold has become weak
er and is now worth l5h per cent. premium.
The gold market has at length 81 ven way,
and the premium drops from day TO day. The
proposed Introduction of silver into general
circulation is lraught with serious results. It's
Intrinsic value is only about one per cent.
more than greenbaeks. and its general circu-
lation may unsettle values in this State. rhe
accumulation of silver ut the Treasury In or
der to redeem the fractional currency is re-
garded with grave misgivings. 1t is believed
that when redemption ,kes place, silver will
be Immediately absorbed for expectation and
will soon disappear, leaving the country se-
riously embarrassed for the want of small
change to meet the daily requirements Of
business. In fact, while there Is general
feeling in favor of resumption, doubts are ex-
pressed rs to he means that should be adopt
ed to effect 1t.
THE GRAIN MARKET.
The wheat market has been more active
during the past week. In New York the wheat
market has been characterized by good de-
gree of activity, though not without variable
ness, due largely to the changeable advices
from Europe. fluctuations in freight and the
decline in gold. Considerable disposition Is
shown to purchase for the future but the ex-
treme prices demanded have checked busi-
ness. No. Spring has been in active request,
and, though the market was lower and weak
at the commencement at the close the decline
was recovered, together with slight advance.
sales, which were made chiefly for this
months delivery, We're at 81 25gSl 70 Tor
July, and 81 22gSl 22la tor August. In the alb
sence of any considerable supply of Winter
wheat, business is restricted and values un-
certain. New wheat is sparingy offered.
Samples of White Georgia are offered at 81 a.
Official reports on the state OF the crops In
Russia, published at ST. Petersburg, are very
favorable. In the governments OF Kharhov,
Poltava, Toola, and districts on the coast of
the Black Sea, the Winter sOwngs are in a
counts are received from Bessarabia. In the
governments of Poltava and Yekaterinoscay,
where the crops at first were In very unsat-
isfac ory state, they have completely i'm
proved under the influence of favorable
weather. similar accounts are received from
the Don and Volga districts.
THE WOOL MARKET
OF New York shows but little change from
last week. California Spring clip is taken to
some extent for consumption. This being the
only class in the market in abundant supply
woolen producers have taken hold Of it quite
freely, as IL is found 10 be as cheap stock as
anything else available. California Fall clip
is we'll used up. Prices are quite firm. Quo
talions tor Spring California are the same as
last week, and remain steady. Texas wools
are selling at least 3 cOnts below prices real
ized a week ago. New feeces arrive slowly,
but are placed without difficulty upon receipt.
Sales Tor the week Include 10000 pounds
fleece, AT SOC. for ohio, SIC. for medium choice
do, 43c. for unmerchantable, 21ac. for fine
washed, and 3712c. for medium Missouri; 329,-
100 pounds Spring California, at 22927c. for
bury and 2Sa32c. for free; 10000 pounds Fall
at l8922c; 2l, 900 pounds Colorado at 3Oc.; 200
ern Texas. at 23s29c.; 100000 Eastern do, 2S9
$780,. ig0, ,000 pounds Mexican, at 2ic.; 81 bales
East Indian, az 2ia3oc.; 5000 pounds Cape and
100 bales Donskol, on private terms
In Boston transactions in California wool
show considerable falling off from last week,
but fair business has been done, although
holders are compelled to concede little to
effect sales. Fall California sold ut 2Oc. There
Is in fact no firmness for any kind of wool,
and buyers have things pretty much their own
way The demand for pulled wool Is quite
limited Sales of the week have been llu000
lts., at 40d5Oc. for good Supers, with an oc, a.
sional small lot OF good Eastern and Maine
super at an advance on the latter rate.
The receipts of California wool at San Fran
cisco for the six months are given at 73SiS
bales, Weighing 22,S92, 500 pounds. II Is esti-
mated that 10000 pounds were shipped from
the interior to other points This makes the
Spring clip compare as follows with previous
years:
ls72. ns.l2 eO7, ,400 1874 ibs.........l9, ,355 700
3,B5s,5o0 3,6i290o
This is the largest Spring clip ever sheared
in California.
THE CROPS.
Reports from all parts of the State are quite
favorable. In spite Of hot weather and un-
seasonabe rains, the returns oil the harvest
are better than expected.
THE HIDE MARKET.
Receipts for the first ten days of July In San
Francisco were 1856, but prices were nominal
and market dull.
OUR LOCAL MARKETS.
Wholesale business dull and money tight.
Collections rather slow and likely to be for
six weeks.
The fruit market is well supplied with fruit,
mostly from this neighborhood.
The lumber trade is falling of, but many
new contracts are in prospect.
The wine dealers are waiting eagerly for a