Daily Los Angeles herald., 1879-08-30
FOretxa Dem"un for A,utrict N
Gratis.

Foreixa Dcm.ua for A,u.rietn
Grnin.
NEW YORK, Aug. 2S.-The Pub
Tic concludes review OF the wheat
market: There Is a probable for
eign demand for 2l0,0O0, 600 BUSH
els from this country, if we have as
much to export. Later crop re-
turns do not give much assurance
that demand so large can well be
met, though there is some reason
to suppose that Western reports
are coI0red in the interest of bulls
III wheat. After all allowance
there seems to be reason to expect
a very strong market and advaoing
prices fer heat during the coming
year.
gSis sfoca ,arnSInait"a.
NEW YORK, August 29.-The
Public says: There is no room to
doubt that large amounts Of money
have been withdrawn from the
market, for the time by powerful
combinations Of specuiai ors, VINO
are said tss have S6,000,000 ready TO
employ, first IN putting stocks
down and afterwards in buying at
low figures.
Osngsss.m-. srr,nser "" r.ia-m-
Msn.ster seward.
NEW YORK, Aug. 28.-The SUMS
Washington special says: Con-
gresham Springer left this city
this evening for his home in
Spring field, Ohio. He thinks Til
den ia very strong in New York,
and if he carries that State in the
coming contest he will have the
best call for the Democratic nomi-
nation. In caae the Democrats
fail to carry Ohio and New York,
he thinks David Davis will be the
nominee. He does not propose TO
drop the prosecution Of George +.
| Seward, Minister to China. He has
received letter from Judge New,
Chairman of the Sub Committee
of the House Judiciary Committee,
and from it infers that impeach-
ment articles against Seward will
will be presented to the House
early next Winter.
Titdea's C"unary seat.
New YORK, Aug. 2s The
World says: "Greystone" the
county seat near Yonkers, which
Tilden leased with the privilege of
purchase, WAS s5ld to him yester-
day for $3.50. 900.
a >bver s'nsr:ss-".
NEW YORK, August 23l.--The
Herald. criticising the S4O0, 600
worth of silver purchased in Lon-
don yesterday for India says it
came from South America, and
the United States.
Ea,,so.S IS e" shs Et.nes xi,sis.
New York. August 26th.-The
Tri6une's own cUrre- pOudent at the
Black Hills dues Mt believe the
Union Pacific, Notthern Pacific or
Chicago, Milwaukee, and ~. Paul,
whose engiu tra have jI~t com
pieted Il Reconnaissance oi route To
Rapid City aud Deadwood, will
build within the next four years.
aud shows the freight statistics
will not warrant a road. 1t would
run through country which will
0uly be occupied n cattle ranges
for years TO come. Freight from
Chicago to Deadwood is now $3.50
and SO.
Secretary smerm szs DeH"ss AIS Fl.
nsnciai .oiity.
CINCINNATI, August 27.-Secre-
tary Sherman visited the Merch-
ants Exchange to-day, and made
speech, explaining his action in
extending the time for the payment
by the National Banks of tile pro-
ceeds Of the sales of the per cents.
He was fully convinced that this
action had prevented Il serious in
jury to business, and the refunding
operations have uniformly been
conducted with the purpose of in-
terfering as little as possible with
the money market. He gave fig
ures aud facts showing the opera
lions and the effects OF redemption
of the called bonds t. justify his
action. He concluded by saying:
"The charges that this was done to
relieve the banks or 10 help any
one, or that l ever had been
or was interested In any bank,
are simply false, mads with.
out foundation or excnre, but
as o political sensation. The rea-
son why the unsettled accounts are
with the First National Bank of
Com merce of New York, is because
the Bank of Commerce made the
$40, 1000, 900 subscription, closing the
five-twenties, and the First Nation.
| al Bank made the subscription of
ST Il, 200, 900, closing the ten-forties,
and these being the last subscrip.
tions, are natuf rally the last drawn
upon. Had | continued to drain
the money market of legal tenders
and hoard them in the Treasury to
await the presentation of called
bonds, the clamor would have been
much louder and much more just.
| did exactly right in the order of
the 18th of August, ana stand by
it, aud now under it the loan ac-
counts are being rapidly closed
without disturbance In the money
market. If this clamor will only
induce holders of the called bonds
to SEMI them in for payment, |
would" oe greatly rejoiced.
steamer Lost.
YOKOHAMA, Aug. 25.-The
steamer Nordenskjold, supposed to
be the storeship for the Nordensk-
jold Arctic expedition, has been
totally lost. Crew saved.
,onu.z.ssrsss.sZsrzas