The Manchester journal. [volume] (Manchester, Vt.) 1861-current, 1867-09-10
OBSERVATION-DISCLOSURES


the New York Mercantile journal, val
liable paper for business news, may be
regarded as reliable statement of the
present aspect OF business affairs.
! After many periods of hopeful expec-
tation, followed by seasons of equal dis
Observation-Disclosures at last does be-
9Th to revive. The movement for the
present however, is rather the gathering
Of the guests rather than the progress
Of the feast. Our own merchants are
returning-those of them who have felt
able and disposed TO leave the city from
their varibus places OF rest, and recu-
peration out Of town, and their custom
ers from the anterior are coming with
them. Hotels and mercantile resorts
which were comparatively deserted a
J fortnight ago, once more resound with
the hmm of commercial conversation,
and our wholesale houses present unus.
ual signs OF activity. A
The intelligence from oil sidee is 80
Enthusiastically favorable, that some of
the press, commenting thereupon, go so
far as to predict better Autumn trade
\ than we have had since before the civ il
war. We would gladly chime in with
these agreeable anticipations, but fear
that the unsettled condition of the
country, particularly at the South, will
retard this most favorable result. The
nation, however, has BEEN suffering so
acutely from political pickering, where
it asked for wise Legislation and the
proper execution of the laws, that it
seems altogether past the humor of toll
Grating any more child's play. 1t de-
inands restoration, the tightening OF it's
burthens, measures not men, and tran
guilty. 1t is dangerous for any class
of theorists to stand any longer between
it and these objects. Ell Na4a
The enormous rates and reckless
speculation engendered by the war, are
gradually disappearing, as Of right they
should and, as has justly been said, pri-
ces which we're fair enough when gold
Was at $50, cannot be maintained when
it has fallen to 142ao
Cotton has again become one of the
constantly abated clements in any and
every consideration of the satte of the
American markets. The official record
Of the export Of this great staple for the
fiscal year ending June 30th, published
by the Bureau of Statistics at Washing
| ton, is az follows,4 ~ M q
"Uplands and sea island exported
from all ports of the United States, 667
l36,S70 pounds; value in currency, az
] declared by exporters on their clearan.
ces, $202,870,6l0- The admixture Of
4 sea island with the uplands explains the
seemingly high valuation. Official
comparison with foreign statistics re.
veals the fact the cotton on its arrival
! abroad fully realized in the market the
value sworn to here, although the price
! of cotton has declined since October
last y
The exports Of cotton for the fscal
year ending June 80, 1866, were, includ.
ing sea island cotton, 650,572, 1926
! pounds, valued at 1921, 3S5, 223.
The tobacco crop is likely to be fair
bnt not remarkable in Virginia. Mary.
land and Kentucky. In Ohio, Illinois
! and Indiana, in the southern districts
1 particularly, this staple became very
valuable during the crisis Of the war =
/ Indeed southern Illinois made IL hel
second reliance after the great cereals
The crude article after the seven year,
including and preceding 1862 wal
lit cts. per lb. for the next four 23.i
cts, the highest price being 30 cents
The maximum was reached III 1866, the
price rising TO 65 cts. per pound, whils
this year it has been only JIG cts This
year the yield win be less, owing to di
minished efforts in planting.