Vicksburg weekly herald., 1870-05-14

Ala lNMtaMz EA4A4a w NAAN NEHHI 81
bad weather, esd Of besEy aegasias
tion by caterpillars, We may look I
for q largely increased suppiy a
cotton this year. There will eefs
tAinly be much more land devoted /
10 cotton this year than last. Wei
have shown that the deficiency in |
labor will be supplied 10 no ineQn. !
siderable extant, When We add
the increased use Of machinery and
fertilizers, and an abundance Of
capital, we have all the sttainable !
conditions which, under ,Providen-
tial agencies, ere calculated 70 yield !
q largely increased supply Of this
great staple. ,4-..l. ,ir.up |
The us. Economist IN a money
article says: r1a .l1H i
The receipts Of Internal Revenue
for the month Of April, 1870, |
amounted to slS,306, 1888, showing
an increase Of SI,224035 over the
corresponding period last year.
The total receipts for the ten
months Of the current fiscal year
amounted to $l37,3l4,700, against
SIl5, ,569, ,3S8 In the corresponding
period in 1869. Here we have al
total gam of S2l, ,755, ,4O2 for the ten
months of the current fiscal year.
During the balance Of the year the
amount will no doubt be increased
I about S30,0O0,0OO, and may exceed
that sum.
The Secretary of the Treasury
persists in his see-saw game Of gold
sales and bond purchases, to the
constant arrangement Of all com.
mercial values. The amount of
gold in the Treasury on May 1st,
amounted to Sll5,5252l4. The
amount due depOsltOrB, was $685.
$4,000, and the payments for the
May interest reach about $24.000,-
600, making q total Of S6T, $40, 400,
to be deducted from the amount Of
coin on hand, This leaves q sum
OF S57, 1884, 4,9l4 In the absolute own
ership Of the government. Here
: we have Q vast amount Of capital
, locked up from business and com.
, meFce, amounting to more than
half the average reserve Of bullion
In the Bank Of England. r di
There can be no doubt that this
sum Of $57, 100000 would 60 far to-
: wards restoring Specie payments.
The Secretary OF the Treasury ID
: now purchasing bonds, at Q cost oi
8 about S170, 900, 900 o year. From
9 return recently preSented 10 Cen
a gTess, Il appears that from July !
: 1859, to March 16, 1870, 3 total Of
y $40, O,8O6, 600 In bonds were purehas-
: ed for the Sinking Fund, at an ex'
pense Of S23, ,S29, 800 In currency,
: During that period, apart from the
h Sinking Fund.-. q sum Of S85, ,446,'
', $50 was expended in the purchase
e Of $73, 1926, $50 in bonds. Here w
n have g total expenditure, In {
n period Of eight aud q half months
Of Sl09, ,2T6, ,440, In currency, In pay
= ment of bonds. This is transferr
y Ing wealth at the rate Of Sl70 900,
O. 600 from the taxpayers, who can
not afford II, 10 the bondhOlderi
who do not want this money.
m The same paper says Of the New
York dry goods market:
There was a moderate trade do
| ing during the week under review
=. and some improvement is notices
VI bic In the volume Of business, Will
~ the market has been steAdier, an
's' - movements easy. There have M
10 - been very many buyers In town, II
y" major part Of business having bee
,o ,o done by orders. The State trade
,o ~. we'll represented, and dealers fr0l
~ the West have been coming 10 dul
" ing the week. The most actiVit
5 has been noticeable In domesti
y. fabrics. Cotton goods have bee
- In steady request, which, with th
~ limited supply Of many makes {
20 bleached goods, has kept price
~ ~ firm. In many cotton fabrics th
I" tendency Of the market Is toward
% higher rates, but It does not appea
M probable that any general adVanc
will be made. ...
!" The W0olen market Is at preseE
-, In better condition than for sev
~ eral seasons past. The manufal
~ ture Of light goods was stOppe
~ early In the season, and since tbs
w time many mills have been layin
. idle, while but few, II any, haV
- run to their full capacity, The n
~ suit is in every way, satisfactor!
~ ~ Light weights are we'll cleared OF
VI VI Of the market, as are also the 0l
=. stocks of heavy goods; hence mar
- ufacturers are enabled to max
~ ~ fresh starts, without cumbrot
~ ~ stocks of old goods to carry. "a
=. ~ beneficial effects Of this will a
~ doubtedly be more apparent !
' the financial condition Of the WOO
y en- interest at the close Of the con
:, ing season. . ..'.
~ y, The season, thus far, appears :
W. W. have been satisfactory, as to th
~ ~, quantity of goods moved; whic
~ has been fully up to q correspond
- ing period last year. Prices, how
y, ever have been below those Of laI
~ year. ya.. .-. ~.
iS iS We extract the following, frpl
le- N the New York Financial Chronicle
~, Of May 7th: ed.
~ RRcEIPTs.-We have had anothe
n. week of very free receipts, the n
IA suit of the operation Of the sam
he causes mentioned last Friday. Tt
a. next weeks figures will probabl
ev be considerably less, and after tht
Fl. we shall look for a decided
.es smaller total. 1t will be notice
ne that during this week last year th
interior stocks decreased $3.50
l.1.z ,-l,.,n,n chic unar fhnu ha q