Vicksburg weekly herald. (Vicksburg, Miss.) 1868-1883, 1870-09-03
WEEKLY COMMERCIAL AND
FINANCIAL REVIEW.
OFFICE OF THE vICEsBvHo HERALD,

80 AN4AAN ~ AaAAaEnN
Sept. 2, 1870.
We have passed the hot aud dis
agreeable months Of summer, and
the dull, heavy and disheartening
business season. We are entering
upon the cheerful and cool au-
tumnal months and upon q period
of business life and activity, when
old branches Of industry will be re-
cusictated and the heart of the mer-
chant, the mechanic, the farmer aud
the laborer, aud of others will be
gladdened by the cheering stir in
business circles. Cotton remains
about as at our last report, being
l5@l6c here for middlings,a and I7l5
at New Orleans, 916d in Liverpool,
and 2OA in New York. A few bales
of new cotton have been received
for shipment.
The picking has been delayed by
rains which have done considerable
damage and make our crop late
reaching market. It'll hardly prob
ably that much serious injury has
been suffered hereabouts from
worms, but the estimate should not
exceed last years.
A late circular of Messrs. Kerch-
eval u Son, Of st. Louis, says:
The now ascertained fact that the
slaughter Of summer hogs will fall
very considerably short of last
season, whilst their product Is only
suitable for local and Northern
consumption, greatly strengthens
confidence in winter cured meats,
and dismisses the apprehension of
any serious decline in them even
though the Withholding Of summer
hogs should greatly increase those
for the fall and winter. The sys-
TEN Of tapping over seasons, of
dOvetailing trades-Of making that
of the summer dependent upon the
undeveloped one Of the fall, has
been found to be wrong in prac-
tice, q fruitful source of specula-
ton, more frequently attended with
loss than profit, aud is being aban-
doned, as we think wisely. Every
season must necessarily be con-
trolled by the circumstances and
influences to it, and to take a posi-
tiOn-contend that its trade should
be modified, and its prices reduced
to correspond to the altered circum
stances, the expected large supply
Of hogs in two 10 four months, is
ITO sin against light and know
ledge" to take a position antago-
MYSTICAL to the experience of every
successful trade.
Ii there was a large, an excess
sive supply Of cured provisions,
more than would be required be-
fore the new crop would be fit for
use. prices would very properly be
influenced by the expected produce
lions Of the winter, but when stocks,
as now, are short, unless OF barrel
pork, aud the price OF summer hogs
does not indicate any disposition
on the part of farmers to concede,
the expectation that the value of
bacon aud ID. S. meat will material
ly recede before October,if not No
vember, is q fallacy, particularly in
view OF the more imposing charac-
ter Of the European war, and the
certainty that the increased de-
mand thence added to that coming,
and to come from the Southern and
consuming States, will exhaust
Western stocks before there can be
any relief from new cure. This
position is confirmed, not merely
by the condition of individual
markets, but by a careful computa-
lion of supplies in the producing
districts.
Detailing somewhat the agere-
gates of stocks il Is ascertaincd that
mess pork is in comparatively larger
supply than other descriptions OF
provisions; but as prime mess, un-
der the improving European de-
mand, has been exhausted, mess or
binary aud shoulder pork have been
rcpacked into prime mess for ship
ment. Pumps have been taken US
the cheaper meat for consumers, II
Is certain that there is little or moth
ing of barrel pork lett, save mCss,
and that ii must be taken more
freely both Tor export and consump.
ton. If so, it will soon Ii out,
aud its value be necessarily appre.
preciated.
1t therefore, seems that holders
of mess have very little to fear, but
much to expect from the market OF
the next two months. Or other
meats stocks are not only deficient,
but in many cases Of Objectionable
character, the best, as usual, near
the close OF the season, having been
selected and sold during the sum.
mer depression, when quality was
All Indispensable prerequisite. II
the war goes OH in Europe there
must necessarily be a large increase
IN the demand for food, and Il cor
responding advance in the premium
on gold, il there is an early peace,
the home demand will become more
active. Under almost any probable
view We repeat there is little to ap.
prehend, much to expect from the
immediate future.
The order of trade and current