Vicksburg weekly herald. (Vicksburg, Miss.) 1868-1883, 1870-03-26


uEHAlTfAI IEN4IW
HEnALu aFFIga
March aiihIsle4
Bn9iaess cons nues % hnlA ua
ven and DE decline ID gold doaz
not seem % effect ouF merchants
iallys 81 90 ~ iHaHenra
a8n them eni a~tcssSaFily b6 cd
su4 s. eaTzz1tiY 1alla4
BE that purchases should BE- made
upon 9 $40 aud permanent basia
without danger q sbFupt Auetua-
tioaa 90 that The purchased stock
may be sold o& at Femnneratlve
pflce1s
There seemsan impression gener-
ally abroad, that the gulf States
especially win raise more cotton
this year thaE last st least that
more land will be put Ia cnltiva-
ton. We believe this % Be 80.
IL II reported that q large tide Of
negro immigration is flowing from
Virginia, North Carolina, Ken.
lucky and other States. 10 the gulf
States. The attraction Is the SUI
perior remunefativo qualities Of
potion, sugar and rice.
II will be well for the planting
community to consider all these
things, and In putting In the pres
ent crop calculate upon q lower
price for Il.
In this section, personal Obser-
yation confirms the above view
that more land IL 70 be cultivated
In cotton. We take this occasion
10 seriously impress upon the
farmer the necessity Of guarding
against q failure In the season or In
he price, or, perhaps, both, by
either holding some of the pro-
ceeds OF the last crop back for a
"fainy day." or plant corn and raise
meat to GyOid the necessity Of GO
Ing In debt for such Necessities
next year. I8
When our currency has once
been established on 9 permanent
basis &c 10 probable the price for
cotton, will be less liable 70 auctna-
lions, and planters can make closer
and sureF calculations than now.
With the general decline ID meat,
b~readstnifs, groceries, &C., cotton
can we'll DO sold lower than for.
Emsrly. -ll Ya li l-.Ja8tl.2 tyt
Tho following 10 th0r exhibit Of
The cotton crop % the ga inst; To.
tAl receipts Of all the pOFts, 3 262,.
1851 bale4 excess, 650,700; foraigR
exp0rts 1,40005S; exceas, 46l,037
|exports coastWiee, co, 1853 excess,
0A1 stocks on hand and shipboard,
A5e, 9; excess, Sf,03ls
The following presents q late
view Of the New York markets:
The business the past week has
been on Q mOralibeFal scale than In
the preceding fortnight, aud prices
seem to have been freed from any
oveFshAding influence Of q general
character, but to have Auctuated 10
obedience to circumstances having
moro especial relations with the
various staples.
Flour has come 10 market very
freely, while the demand has not
been pressing from any other quar-
tier. shippers have not been able
to meet the views Of holders; the
wants OF The Provinces aud the
West Indies seem to nave been
very limited, and the local trade
has been impeded by a heavy fall
Of snow, which has rendered trans
DOEtation difficult and expensive.
AS reBarus BrocefIUs
The greater stability IN the price
Of gold during the week under re-
view, has had q beneficial effect
upon this line Of trade, in render
Ing prices steady aud the markets,
In general more active.
The volume Of business is still,
however, much below what is an.
tlCipatOd and usually realized at
this seAsen Of the year, the orders
nom the Interior coming in slow
~. This may be owing to the
prospects Of Q late spring, and
more 70 the late variations In the
gold market, with the uncertainty
created thereby In the minds Of
buyers.
Money has been easy, and no re.
stFictiOn Of trade has been felt from
this source.
Brazil COfees have been notice.
ably inactive. The market has,
however, been almost At q stand.
Holders are indispOsed TO make
any concession, aud buyers refuse
70 purchase ct the figures demand.
cd. AZ usual, In such . condition
Of the trade, prices, though nOmi.
nally supported, are not firm.
The noticeable feature In the bu-
slness Of the week hiss been the
large sale Of japan Teas made on
Tuesday last, and eOmprising IN eli
some 1000 half chests. These teas,
are to be shipped via the Paci.
20 Railroad, but will not al reach
this market. Beyond this move.
ment the trade, from frSt hands,
has been very light. There has
been come little inquiry for Green
Teas, but without resulting In
much business. Prices have re-
NAMED In about the same relative
position as last noticed
firm TOR japan, and steady for
Oolongand hne qualities Of Greens,
but weak for the poorer qualities
Of the latter.
Ailer giving an estimate Of nearly
three millions bales Of cotton for
the present crop, the New York
Chronicle says:
These estimates ere. Of little i'm.
pOrtance, except O. they show the
danger there is IN any new specu.
latiVe movement for . rise. We
think the emily fair conclusion 10 be