Los Angeles daily herald., 1875-06-11
FINANCE AND TRADE.
HERALD OFFICE, June

HERALD OFFICE, June 10, 1875.
During the past week go d reached li7l2 per
cent premium, but has now fallen to ll8'4.
and greenbacks are S6les7. Large shipments
of specie from New York and small receipts
are charged with the result, but the lmpelling
force is undoubtedly the broker combination
in Wall street and their man pulatons
Money in Los Angeles is quite plenty and
loans are effected at from To IL per cent, per
month. Our banks hold large surpluses,
which they are ready TO loan at the usual rates
on undoubted paper In fact, reports from all
parts OF the state show y plethora of money,
and agents of san Francisco savings banks
have been in our city during the past week
trying to place large sums. hut our borrowers
generally prefer TO palronize home institu-
tions. The large building operations now un-
der contract or projected will require consid-
erable money to complete them, but this out
lay in turn gives mechanics and labOrers
funds to distribute among our merchants, So
that the gold will he kept in circulation at
home.
THE GRAIN MARKET.
In the East continues depressed under the
gloomy crop prospects nj home and abroad.
The increased European demand for wheat
incident to he rise gold temporarily stopped
the decline, and even caused reaction about
the middle of last week, but relapse followed
and Spring wh q. closed at 81 05aSl 05, and
Winter at 81 25asl IS. The price of corn be-
came little stiffer, owing to the foreign de-
mand. The reports give good crop prospect
in the East. The following are the latest tel
egraphic grain quotations in san Francisco:
FLUUR-S4 00(d5 3719.
WHEAT-Sl Goal 20.
BARLEY--Sl 37!2@l so.
OATS-Sl 9592 10
CALIFORNIA CROP REPORTS.
From an examination of the latest papers
from all parts of the State we have the fol-
lowing report of crops:
BUTTE CoUNrY-The late North winds in
places shelled out the grain to an alarming
extent, some fields having the appearance of
n threShDg floor. Some farmers estimate the
damage by the severe winds 10 be as high as
% per cent.
CALAvERAs-H Haying Is about over, and the
crop was a1 average. In the mountains,
though trfe short IN the foot-hills. On
CalaveIas bottoms, where the crop was cut FOR
grain, ii will b, u good harvest
CuLusA-.Severe damage was done last week
by the wind. In some fields the grain was
ihreshpd almost as clean as W macntne The
damage Ia this county Is estimated M haf
million dollars. In twenty-five years there
has been no such damage.
|, CONTRA COSTA The moderately warm
weather has matared the grain nicely, and
some fields are ready for The reaper. Inc
month OF May was unusually favorable and ;,
| good Yield oi clean, plump wheat is expected
The barley Is already past harm
Ell. DoRADo-A round Granite Hill much oi
| the wheat oats and barley Is as good as 6t
| any time for twenty Yeas, blt Solue is, not
worth cutting. The enrll -sown grain On sum
| lner- fallowed ground Is generally good, aver
| aging twenty bushels TO the acre. The fruit
| 'op is poor average, ninety. per cent. OF
teaches, plums and apricots being Killed by
| the as frost. Apples will be half crop and
| grapes are in splendid condition. This Is the
| first year in this county where the peach crop
| failed
KERN-The barley of the fields near town
| has been harvested and water Is being turned
on for Il crop of corn. The harvest mas peen
| mostly of hay. What grain has been allowed
| to ripen will exceed fifty bushels TO the acre.
| MARlN-Crasshopper are bothering wheat
| and polaloes near rumaleS. Very little dam
! age h;ts yet been done, but their presence Is
| greatly feared by farmers
| MERGED Harvest has commenced and
| hrauers are busy in the fields. Farmers are
| -horr of help aud idle m"n can ma lucrative
] @ nploS Smert dur Qg harvest
pLAcsR-The Siimate week ago was
| three iiths OF a crop, but grain has rlpvnes o
| well that an average crop VIII pe gathered.
| Early grain is above an average crop.
| SAN LUIS OBIsPo-Fields of alfalfa without