, 1870-09-08

TO 10 lsS. .o41 hoad, against ,39l. .4 in 1859,
and OIL. .696 in 1868. Tha number officially
returned IN Iowa this year il T8e, 100, against
6T9.709 IN 1869.
On the subject ct tbs influence Of the var
in Europe on our Gresi staples, the New York
Crpnie1e sayt:
estimate oi the fature. The eoncius:oa \. wa "a
reached at uEce. On the declaration Of was thss II
tvnived much lower cotton and t!eafef bread
ssna ~ IT, consequence ons ras panic IN he e5s
wheals but neither the decline In cotton nor the
advance In hseadsruns has heen .nstHtssaed. Cot
ton has recovered large part OF the decline and
hresdEuns lost ali ot the a,iEsnce
starles pursued, i'nmeslia.rly after the de:iara-
DE blindness to the iaet inst in aeisaeT was as
the market In normal oont1aon- Cotton
;Ss Tss t4a,s 1g5;ed no ;.e*n IN r. @ ne q
prodpcuon supplies are stn below the quantity
which the markets al The world would taie Il The
TT ERE e and WITH sapss admit
two Important sources Of % demlad 1 have Il Seen e.
Was true Of wheat. The price at the oatbreaE Of
stocks wese excessive. TAXING. rhereioee. ine
was no good ground for Tie s.isaace which tooS
| place The last or Jult-Oruuess ID pfices then
ruling was the most that could rave been ex-
May ne not, then, anticipate unless this strug-
gle be greatly prolonged, and bring comp!icaaons
which 10 one now seems to LOOK for, That Its fun
effect upon cotton anil brealssu1s has been real
Hedt sto cotton, lei Us even suppose that the
world kisl nave IN Increase OF the supply, equal
T. ~ GO Amer!sa7 ha1ss Stocks arc iaiss. ne
bales In excess Of Last year, 80 that the whole Of
THIS increased production OF hall million bales
| must be manuiactu5ed and disposed q during the
] year more than has been used In tho year inst
clcsed Bat has not this view OF the question al
rtady Itod1ceti tts fall effect in the marset: The
decline Of 4Ad, or about IS per cent 10 correspond
5ata nc n Increase in ~ supply. %. w. NE tod
Of cotton and cotton goo.ls for the coming
yeal On the Continent oi Europe viii I've much
smaller than da1inR the past year, There Is some
stpter. 1t tmpatrs The ability Of the people 10
supply themselves With necesear1es and comiorsx
But 7 also creates demand ID tho place Of tast
which Il destroys. Ii great armies are to he kept
tn The neld, their equipment will Involve the use
| q Immense quanua1s OF heavy cotton goods, for
tents. os.. md clothing. and other .purpozes But
| Mhetes By reason Of the lower prices much more
| than make good Rny deficiency IN The demand
fmm t5e conIment7 The PRODUCTION IN goods
| material, materially increases their consumption,
| While IN remote parts Vi the wotlt new masEets
are constantly being openctL There would,
therefore. appear to be much force III the conclu.
sion that no important further decline In cotton
Eay he looked for at present =.
?" As 10 bfeACEtHQE. II Is evident TINT tho Tinted
States are Ia ID rtiif,i unon n si,nniv a isroe
pyoportou Of the nrea.l InF The prrnt armies ~
botn btlicerents al1d that nlnch vi e 1estrore,i
\ in tho aGyonre ami rnr,est n. he rs.snec;ivc
| ar7nics mn fhfs nn,rr ~, t.Ircnmstancas 10
We fear. but poor reliance for any dsclded at-
vance II prices AL through the NE war in this
conhtfE. Whea We nao great atMes 70 lee.i, nc
market, and We wesc constantly shipping Largely
70 Europe. IL MAY. after tic surrender OF Lee,
the average Of whea, n English markets was 4os
rei anaE.st sl; III no" ~ Al sae present ums @
tne s.t ~ ~ .an ks s ops
Are eIcessiyc, Ia nc leading msrtets 20 Of g Great
I n.jtnIu -. -,