Vicksburg weekly herald. (Vicksburg, Miss.) 1868-1883, 1870-01-15
WEEKLY O-oaaEaoGAL AND
FINANCIAL REVIEW.

OTFicg o. faR VlcEssUa1 hHlALD,
Jan. "a.
Owing 10 bad weather business
for the week has not been 90 good
as last week. There has been a
falling Of in the receipts and ship
ments Of cotton. Town shipments,
1854 bales FeshlDments, lSO7-total
327I bales. The price has ruled
steady at 23@23ke. We began
our report Of shipments from Oct.
7th aud since that time town ship
ments have been $500 bales and
reshipments ~2L,302-total, 49,602
bales to date.
Cotton is ruling ct q lower price
than ct this time last year because
Of the great decline In gold and be.
cause the crop is materially over
estimated. We think It will be
found that 100000 bales is a close
estimate, more likely oEerrunning
than falling below the number.
Our banks report money in good
demand. A l paper at 30 days, 4
per. cent discount. Gold, buying,
l lS@l 20; exchange on all princi.
pal cities at par.
The report Of the Agricultural
Department of the Government
makes the following comparative
statement Of the estimated yield
per acre In each State, with the
comparison expressed as 8 per
centage Of the crop Of 1868: North
Carolina 50 per cent. ; South Caro-.
lima So; Georgia 95; Florida l07
Alabama 10S; Mississippi lis ;
Louisiana liz; Texas lbs; Arkan-
sas ITO; Tennessee s.. Yield per
acre North Carolina las pounds
South Carolina 1873; Georgia $50;
Florida 152 Alabama l76; Missis.
sippi Dol Louisiana 206; Texas
275; Arkansas 25l Tennessee 100.
A foreign correspondent Of the
New York Commercial Chronicle
says:
LIvERPooL, Dec. 24.-The de-
mand for cotton has continued
good, but the market having been
freely supplied, some reduction 10
made from the quotations Of last
Thursday. In Sea Island there
has been only . small business, but
ct steady rates. The common quail
tiles continue neglected. American
has been abundAntly offered, and
has given way about I'd. per
pound. A quotation Of Middling
Fair Is now introduced. In Brazil
q fair amount Of business has been
done, but with q larger supply a
decline has been submitted to OF
4 to i&d. per pound. For Egyp.
tian the inquiry continues good,
and in the early part Of the week
q slight advance was obtained. but
this has since been lost, East India
descriptions continue in favor, and,
although freely offered, are COM
paratively steady in price. In cot
ton "to arrive the transactions
have ssbeen extensive, at some de-
clue in price. The latest quota
tions are American. basis OF Mid.
ding, Any Port. November De
cember shipment, lll4d; Deem
ber.January, lllsd; December
January sailing, lli4d; New Or
leans at sea, II 7.lGd; Oomrawut.
tee, iair new Merchants, via Cape,
January shipment, Q 5.lGd; Feb.
ruary-March 9i4d per pound. The
sales Of the week Give days., in
Guiding forwarded. amount to 5S,-
800 bales, OF which 1880 are on
speculation. and 6.S30 declared for
export, leaving 1880 bales to the
trade.
Speaking of the cotton market
the same paper says:
There has been very little inter-
est In the market the past week.
The demand has been very limited
our stock has increased-receipts
have not fallen of to the extent an
-ticipated by the small crop advo.
cates-the Liverpool advices have
been less favorable-the estimates
of the Indian crop larger. aud the
early marketing of a portion of It
through the Suez Canal claimed to
be more probable in fact, altogeth.
er the surroundings have been
much less satisfactory than those
who were looking for a rise in
prices anticipated, and the conse-
quence is that the market has been
dull and heavy, especially for the
low grades, with holders free sell
lers. aud closes tonight quiet, al.
though gold has taken quite a de.
cided turn upward to-day. For
forward delivery the demand has
been less active than duIing preVi.
Gus weeks (te-day's transactions
only covering 200 bales,) at gradu-
ally weakening prices, though the
rates are still we'll up. Sales Of this
description reach a total Of 400
bales (all low middling, or on the
basis Of low middling,) Of which
700 bales were for January, 500 at
100 at 247S, aud 100 at 24% /;
1,200 bales for February, TOO at 25Jk,
200 at 253S, 100 at 25T, aud 100 on
private terms 800 bales for March,
100 at % ll-l6c, 100 at 252I, 100 at
25lS, and 200 at $50 $50 for April,
30 at 25Ac, 100 at 26c, 200 at 25%,
200 at 25Te, aud 200 on private
terms /; $50 bales for May, $50 at
261l, 100 at &c 5.l6, 100 at 25X.
The circular Of Messrs. Slaughter
y Co., New York, says: