The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1875-08-07

COMMERCIAL REPORT.

COTTON ON THE SPOT STEADY, AT 1C DE-
CLINE-FUTURES BARELY srEADY-TLoUR
FIRM-WHEAT FIRM-CORN DULL AND
LovER-oATs FIEMER-RYE DULL AND NoAII-
NAL-BARLEY QUIET AND NoMINAL--BARLEY
MALT sTEADY-Po DULI-LARD WEAK
PETROLEUM QUIET AND FIRM-NAvAL STORES
QUIET AND FIRM-GRoCERIEs FIRM-HIDEs
sTEADY-LEATHER QUIEr-ous QUIET AND
srRoNG--wHrsKEY FIRM--FREIGHTs STEADY
HEMP AND JUTE QUIET AND STEADY
GUINNESS STRONG.
FRIDAY August &c P. NJ.
The past week has been one OF unusual interest,
the great ssorm cloud which first burst over the
Eastern hemisphere and inundated the grain
growing sections OF Europe and produced un told
disaster there, and which was afterward blown
across the ocean ana Hooded a large portion OF
our own grain producing country, seems to have
finally taken It's departure; but not until
large amount OF grain had been dam
aged or destroyed. The accounts from the
West have been various. and In some cases con-
ficting, and hopes and fears with regard to the
general result Of the remarkable pluvial dlspen-
Stations OF the past two or three weeks have not
even yet become satisfied. But IL would seem.
from latest accounts that the general suit Is not
bad as was feared, though certain sections
inundated districts IL could hardly have been
stu the more unAvorablc refer compare
lively small ections, and the belief now appears to be
becoming general that despite the disastrous storms
grain though not nearly large expected
will show good average, and that the deficiency in the
European wheat crop can be made up from surplus
and that this country will not be seriously inconven
fenced. far the crop concerned, except
the event of early frosts the yield will in all prob
ability be large, tho rains having had comparatively
little effect, save in low localities, beyond Keeping
the grain growing rather longer aud rapidly than
desirable. Taken altogether. therefore. the hoods
have not served us 50 badly at first feared, and
what has been lost yield will probably be made by
advanced prices that tho result may 10 absolute
gain to the farming interest taken whole although
individual losses will in irreparabe Inc
have Deen reflected to extent by tue grain mar
ket winch nave nuctuaicd considerably but winch
have been sustained rem irNabiy we'll an
some instances by the uncertainty with
regard TO the extent OF the damage 10 the cros for the
croD PROSPECTS, exert an Influence in trade circles when
Il by no means unimporutuL the assurance OF boun
tiul harNesl feeling ut confidence throughout
the ramincAOns trade which nothing else can create
Hence the backwhrdness OF business III the various de
partments donDtless III measure attriouta-
bic disaster to the growing crops ana tue uneer
talnty with regard To its exten Something more de
mite will be known, and the fall trace viii un.
doubleday take such shade as tOhHord
idea VI the probable extent OF trade curing the
next lew months Though the markets nave been all
but universally dun during the week past yet III some
uceabe. Dry goods have continued duL but trade has
been nuul; kinds. and nouceauly WOOllCns nave
been sought alter Cotton fabrics continue uull
ana prices remain very low. HARDWARE Is picking up,
various Interests The cnct interest has
centred ON Change hnwevor the breaaatuns market