The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1875-07-26

year offered but little encouragement to farmers,
while there was also limited demand abroad
after we had virtually sacrificed the market IN
the fall or 1874 Better results are to be hoped
for this year.
THE OUTLOOK IN COTTON.
Effort was made during :he week IN the interest
OF bear spectators to exaggerate the disturbing
conditions existing in the cotton manufacturing
districts OF England, which might be likely to
affect the market for cotton, the staple, this
year. The Liverpool Post furnishes a prompt de-
NAL OF reports OF this character, which 1t de-
nounces as sensational. The Financial Chronicle
furnishes some instructive figures In this connec-
tion Thus we hnd according to the latest CON-
piaton the visible supply Of cotton TO be- OF
American, including Liverpool and Continental
stocks, anoat and at home, 1,040, 100 bales now
against 1,O10 272 bales at the corresponding period
in 1874, while the East India and Brazil cotton is
1886 $50 bales now against 1.475 500 bales in 1874
the difference being clearly this year In favor,
the mere matter OF supply. OF higher prices. Again,
we have q decrease in the cotton in sight Friday
night last OF 10S,262 bales as compared with
the same date OF 1874, and a decrease OF 80, 435
bales as compared with the corresponding date of
1873. The same journal states from telegraphic
advices from tae Southern ports that the total re-
cepts for the seven days ending July %, have
reached 2,5l3 bales, against 346S bales the prev
bales three weeks thence, making the total re-
ceipts since the 1st OF September 1874, S.47o 2s3
bales, against g. 1885, 1857 bales for the period
OF 1894, showing q decrease since September l,
1874, OF 3l8.074 bales. There does appear from
these figures to De very much difference between
the outlook last year and this, unless what may
yet arise II we called upon to face the danger
OF dear bread. But the danger Is In q measure
numerical, Tor present transportation facilities al
most preclude the possibility Of q starving pop
ulation anywhere unless In the interior
OF Asia or Africa. The dispute between
the operatives ana mill owners and
spinners In England may result In a lower
consumption OF our second great staple there, bus
we may confidently look Ior revived trade at
home when the American farmer has pocketad
the profits OF his crops.
THE STOCK MARKET
was fairly active during the week, the speculative
inquiry running principally in the direc-
ton OF the Western roads expected to
share in the pronts anticipated from
the breadstuns movement. Prices on the general
list advanced u TO 3K per cent. Northwest COM
mon rose from 4oT TO 42h; preferred from 52% to
SO; st. Paul from sejS to s72s, and the preferred
from SO to elk. Union Pacific advanced from 72X
to 75 Paclnc Nail from 3s5s to S9%; Western
Union from 79H to s1H; Delaware, LacKawanna
and Western from 1917 to 121, and Waoasn from
81 TO IN. The ADVANCE In the remainder or the
list was less marked. A partial reaction after
ward ensued. but toward the close the market
developed great firmuess, and in cases prices
lett OF at or about the highest point OF the week.
Michigan Central was a marked exception, de-
clnng from 6S to 65IS. Atlantic and Pacific
Telegraph advanced IRON 20 to 221S but reacted
TO 2ls< at the close. Missouri Pacific declined
from 5OH to 4s, but afterward rose to so.
THE EXTREMES OF THE WEEK