Vicksburg weekly herald. (Vicksburg, Miss.) 1868-1883, 1869-12-18


We quote the New Orleans mar
ket to the 18th.
Tobacco ~ to &c, prices firm.
Manufactured, SIC TO 81 90.
sugar, demand active, prices
firm. Prices So to l5c, from infe.
rior to white clarified.
Molasses, demand good, prices
firm. Prices 80 to zoe.
Flour, good local demand, prices
firm at So 10 to 4 0O for Fine to
IS 90 for Family Extra,
Corn 81 10 to 10
Pork, market dull. New mess
S32 25, and old S33 20.
The following is the comparative
statement OF the receipts aud OK.
ports of cotton and stocks on hand
Dec. 18th, at the principal places
Receipts this year, 980,992 bales ;
excess over last year, lS3,SS6 bales.
Exports this year, 499,304 bales
excess, l27,90l bales. Exports
coastwise, 329,l73 bales; excess,
40, 1873. Stock on hand and ship
board, 200,407 bales excess, ll,7lg
bales.
ST.. LOUIS, Dec. Is. Flour, fall
su%pernne, 3 30@4 25. Wheat. nc
@les OF spring. Corn, yellow bulk
74c. Oats 50Ec, Rye $685.
Whisky 81 on. Pork S3l 90; bulk
shoulders, l2A@ l2As; sides l6lG
hams, Ole; bacor sides lSla@l0c
shoulders, l5I9c, larl, l0c.
To-day, here In ST. Louis, beet
Is selling at SO rs to 5 90 for fair
to choice per 100 pounds gross, aud
sheep 50 to 3 Is per head, and
dressed poultry at BE to l6c per
pound for turkeys, and Doc to foe
each for chickens, and venison al
l3c to l4c per pound, aid flour
from 81 to Z per barrel, and the
live hogs selling at say $40 to 10 u
per 100 pounds gross. No Other
animal flesh for food rates so high
to-day AS the hog product.
The New Orleans Picayune says
of the money market there:
Tho market is stringent and not
u few firms cannot dispose OF lheiI
paper at even more than "a PEI
cent per annum. Depressing al
this Is upon most branches Of bus.
incss, yet the stringcncy, as We
have before remarked, Is not Of O
panicky or dangerous character
but uierc seems to be mutual con.
haence and no disposition whatcv.
err TO push to eXtremitics those
who are unable TO meet their obi.
cations promptly,
1t must not be inferred that there
is little money in this section from
the present state OF affairs. On thu
contreFy, there is an immense
amount, per capita, to the popula.
ton. But one dollar in a CONNER
Cial centre where there are banking
facilities performs more service II
transferring values than twenty
dollars in the country, where /
circulates very slowly. The shrewd
est flnanciers have declared tina
bank deposits are tiye-siXths o
the currency-that Is, with banks
six times as much business eau b
done with q given quantity Of cur
rcncy as if there were no such in
stitutions. The only permanent re
, lief for the Inconvenience whic
| have been experienced this yea
must arise from an extension Q
: branch banks throughout the smaI
! towns and cities or immense il
' crease in the circulating medium
y The former would no doubt be th
more Cficacious of the two, fC
from the very nature of our con
mercial relations there will be
one season of the year too muc
d and at another too little money.
8 Mr.. Sumner has introduced int
the Senate the following bill
amend the banking act and to pr
+ mote the return to specie pa.
ments:
" Be It enacted, ETC., That so nut
n of the banking act as limits the
a sus Of bills to S300,000,000 is hereI
repealed, and existing banks mi
. be enlarged and new banks may
y organized at the discretion Of 4
Secretary of the Treasury. But
more bills than are now authorizI
y by the banking act shall hereaft
u be issued, unIebs the Secretary