Vicksburg weekly herald. (Vicksburg, Miss.) 1868-1883, 1870-10-22

crease very heavily: there 10
be no prospect for peace abroad ex-
ports were daily falling OF; crop
estimates were calculated &c higher
figures than at any time Of the sea-
sou ; in fact, everything tended to
have a depressing influence on the
price Of cotton. Since then, how
ever, each and all Of these in1u-
ences have exerted a contrary effect
10 that anticipated, and we have
had an active market much higher
figures. Receipts have not reached
the estimates made ten days ago,
and exports have on the other hand
exceeded all calculation. English
mills are reported running day and
night, looking 10 q heavy demand
for cotton goods from the Cont
nent and the most intelligent COM
mercial circles, both In this country
and abroad, believe in the cOnclu-
sion OF a speedy peace. Under
this impression we find the North
ern and English markets, in the
words of Q special correspondent,
presenting the singular spectacle Of
cotton aud breadslutIs both advanc-
ing.
Cotton because peace is regarded
as imminent, and breadstuifs be-
cause il Is believed that the destruc-
ton has been SO great in France,
and the damage to agriculture so
great in Germany, that immense
supplies Of grain will be required as
soon ms hostilities cease and com
m%unications ore restored.
W. commend to our planters the
following extract from a leading
English circular:
mo one could ask that a planter
should crowd forward his entire
crop at the earliest moment with
out regard to the demand for cotton
or the prices he can realize upon il;
but it is anything but just that he
should throw the whole burden Of
loss upon those who have made adj
vanccs on the crop in good faith.
Enough should be sent forward, at
least, to secure the payment of such
obligations at the earliest day pos
slble."
The receipts from August 3lst to
the evening of the 18th inst,
amounted to 77,lSS bales, against
100, 1873 same time last year. Stock
on hand $1,000, against COST.
The stringency in money market
noticed in our report for some
weeks has not all relaxed.
The demands on the hanks con-
time TO be very pressing, and the
best credits find 1t difficult to get
accommodation. When money will
become easier it IS impossible to
say--cerlainly not until the cotton
is sent in more freely.
We have nothing to notice of any
particular interest, either in Gov
ermment or State securities-both
remaining the same as our last re-
port. Gold closed this evening in
New York at ll3A--in New Or
leans ll24.
We regret not having the usual
circular of Messrs. Kercheval u
Sons to quote from, but in lieu
thereof give the following extracts
from the st. Louis journals in refer
cnce to the provision market:
1--WE are about entering upon the
plane of lower prices of hog meats,
aud the certainty of this result can
not be- much longer delayed. This
is so apparent that the commonest
business sagacity cannot fail to ap.
prehend the fact.
All commodities and all the pro-
ducts ofthe country are tending TO
lower values. The great wheat
crop of the last year leveled that
product TO the lowest prices. The
large cotton crop Of the last year,
aud the much larger one OF the
present season, is reducing the rates
on that great commodity prodig-
ously. The immense crop of corn
now TO be harvested will cheaper
that grain to a lower point than has
been reached for years past. The
large increase of hogs the present
year, which is now pretty generally
admitted, will inevitably lead to
cheap hog meats the coming season,
and must have n powerful influence
upon The price oflive hogs this fall
and winter for packing. The inlu-
cncc Of the falling price Of the gold
premium, will also enter into the
scale, aud very powerfully hasten
the advent of low prices on all pro-
ductiOus aud commercial property