Los Angeles daily herald., 1875-07-02
FINANCE AND TRADE.
HERALD OFFICE, July /, 1875

HERALD OFFICE, July !, 1875
The shipment of gold to Europe still con-
tlnues, and gold is on the rise. The treasure
shipments from New York for The week end
ing June 18th were nearly as large rs the to-
tai imports of specie and bullion at that port
for the past six IN onths The amount shipped
was So, 6,237 900, and I'll of II went to England
and Germany, except $1,000 sent to Cuba
Nearly the entire sum was in American gold
coin. We believe this is tue largest weekly
shipment this year. The total sen off since
January lSt to June 10Th compares ~ follows:
1872 $50 sf36n0 ls7i.........s b85s 100
lS73...... N927 400 1878 ............. lSsO3,su0
Gold to-day is reported al ~ premium and
greenbacks are S5SS8.
THE GRAIN MARKET
European reports say the grain market is
stiffen!ng, on account OF thu fl"od4 in France
and unfavOrable American reports. Crops
are good in England, Germany an Russia,
but are poor in Hungary and France The
Southern States Of this country will have the
largest wheat crop In their history. The sur
plus in Texas being about 2 0lO ONO bushels, in
New York th market was as follows: Spring
wheat, after advancing and rec ding, closed
about as II did this day week-s l0al 20.
Winter IL lower-sl 300i T. Corn has de-
cined TO 7ssS2c. Shipping q AIDES of -four re-
main about steady, or say "a 90a5 25 for Spring
wheat extras. 'fhe Liverpool wheat marker
is reported at IS l0da9s III Tor average Caltft-
mia and o. 2i@9s Cd for club
CALIFORNIA CROP REPORTS.
The unexpected rains of recent date have
undoubtedly done harm, but, as usual, the
damage is exaggerated. In most of the coun-
ties which suffered from this untimely vista
ton close investigation shows that the ac-
tual damage Is not great and, in several coun-
ties, the damage to grain is more than bal
anced by the benefit To other crops. We have
not the space 10 make the copioils extracts we
wish, but the general outlook Is favorable.
THE WOOL MARKET.
Eastern reports show an improved wool
market for the finest grades, but still the
market lacks that life which dealers ami
buyers generally believed would prevail nj
this period of the season. Manufacturers are
far behind In the total amount of Fall grades
manufactured so far this season. for though
some lines are meeting with a fair demand,
the goods market, generally speaking, is
without life. with prices very much in favor
of purchasers. Foreign clothing wool contin-
stances shipping to Europe, RS the condition
Of the English mark et is reported as being far
better than here. Fleeces arrive very slowly,
as but few purchases have been made, owing
to the extreme views Of farmers. Spring Cali
fornia is weak, but considerable business has
been done at lowest prices Fall continues
steady. Texas is being received quite freely.
The choicest grades are sold above the views
Of ourt hasers. Coarse grales sell quite free
ly at 81 eady rate. Among the sales have been
50 00G MS, OF Spring California at 29aa5c.; 10000
Ms. long staple do at &c.,; % bags bury do. at
93Ilda24a 1900 TBS. do. old at 2lc.; l75009 DIS.
Fall NJ lSa20c.
The Boston report says:
The demand for wool has been fair, and
sales have been up 10 the full AVERAGE COM
prising for the week upwards of l5D,0f0 pounds
domestic, Spring California, com biug and de-
laine f1eeces and unwashed fieeoes. There Is
no change to notice in prices. The market Is
now settled on q basis OF some to cents per
pound lower for all kinds than current rat es
some months ago. The demand for California
is good, and manu- acturers evidently find
this wool he cheapest of any now on the mar
the week have been b23, 5000 bs Spring, includ-
ing somr fancy clips, as high as 3S@t0r., but
principally ( ON 30935c for good and choice.
spring arrivals have been large, and holders
are working OF their stock as fast as possible
as prices are as high now as they are likely To
he for some months to come. In pulled wool
very little has been done compared with
transactions for some previous weeks. Recent
sales include Ohio and Pennsylvania fieeces,
Xxx and xxx, at 50955c. Michigan at sc.
New York and Western fieeces at a5d5lc.
washed combing and delaine, 5i66nc.; un-
washed do. do, 3S6l50c.; secured do do, 64a
7Sc tub washed do. do, 55a5sc.; super, 55c
pulled, 45a54c.; Spring, 2O@40c.; California
Fall, 22c.
| San Francisco rates are as follows;
Choice long, v b........"......... ..."2.4s27C
Heavy free, y l4ti 80
R,,r IN lMfIRf