Vicksburg weekly herald. (Vicksburg, Miss.) 1868-1883, 1870-08-27

kollOn AuVauce8 slowly IN price
Ia Europe, but the advance IN this
country does not keep pace with
the same.
The regular caterpillar or 'army
worm" have showed themselves in
this county and we have seen the
genuine worms gathered by the
handful from the field. They are
young, yet, but we fear there is
lime enough to do great damage.
The former estimates Of the De.
partment Of Agriculture of $780,
900 and even 100000 bales has
been reduced to 100000 or less.
We cannot think In the face of all
information that this crop can ex.
coed If 1t equals last years.
Cotton Is quoted In Memphis at
l9c New Orleans at lSc, and here
at l6kc.
Cotton picking has generally
commenced hereabouts. Probably
the crops will be gathered earlier
tnan last season.
Watts Il Co., of Liverpool, In
their circular of the 9Th, says:
The war on the Continent of
course continues 10 be the chief
topic Of conversation on change,
and the opinion seems 10 be gain
ing ground that after one or two
big battles have taken place the
neutral powers will propose an ar
mistice, and If so, that there will
then be much said and written
about the prospects Of peace. We
would express no opinion upon this
point other than that a well ground
ed opinion of an early termination
Of the struggle would bring about
q decidedly more cheerful feeling
among commercial circles, and
cause a decided Improvement in
cotton.
The prospects of another large
crop in America have recently had
very much TO do with the break
down in prices. Much has been
said and written about the report
of the Agricultural Bureaus esti-
mate Of a crop Of three and a half
TO four million bales. Many per-
sons are found to say, If we are to
have such a crop as this, then al
other matters aside, we can expect
no material improvement in prices.
Since the close OF business this
evening a telegram has been losted
in the Exchange newsroom TO the
effect that "the department of Ag-
ricuitu"e report, from partial re-
ports from al the States that the
cotton crop this year vii! amount
to three million bales" 1t remains
to be c c what effect this reduced
estimate viii have.
We find the following sales Of
new cotton
We notice in our exchanges that
q planter in Louisiana recently sold
his growing crop at fifteen cents
per pound al round, the cotton to
be delivered at Vidalia, opposite
Natchez. The transaction took
place between representatives Of
substantial business houses and ex-
tensive planters.
SALE OF NEW CoTroN.-The two
bales ofnew cotton received on SAT-
urday by Mr.. George White, were
sold yesterday by him at eighteen
cents the cotton was ginned too
green and was much cut.-[ Charles
ton Courier, Aug. l6.
MONTGOMERY, August l2.-The
second bale of new cotton was sold
here to-day for 3G1a cents.
The first bale of cotton Of the new
crop was received here on the 10th,
aud the second bale this morning,
each weighing about five hundred
pounds. News, August
18th.
We extract the following from
the New Orleans Times regarding
sale for future delivery:
In June and July sales were
made in New York for August de-
livery, at 1870, which cannot now
be filed at less than 10; and sales
are now made at l6Ac. for Novem-
Der, in the hope that the parties will
recover the loss they have suffered
from the present deliveries. The
parties thus interested will spare
no efforts TO depress prices. II
croaking about the war will fright
en- holders into selling ct q reduc.
ton, no raven will croak 10 uder or
more persistenly. Ii promulgating
extravagant estimates of the ma
turing crop will have the effect they
desire, no poet will be more glow
ing on his diction than they will be
in describing our snowy cotton
fields. Moreover, they will have
their newspaper organs, which will
play upon the tune of four millions
and four million three hundred
thousand bales, until the air be-
comes as common as "Shoo-hy,"
and from its frequent reiteration
obtains general credencc.
1t may be asked, however, are
there not Two sides to this ques-
ton? Undoubtedly there are but
il is the misfortune of the one party
that it remains passive, while the
other is persistent in its aggression.
However different itmay be in gold
aud stocks, in cotton the bears show
all the activity. We doubt the
soundness Of this passive policy.
Attack should meet aggression, and
the tactics OF the bear party should
be met by counteracting measures
from its antagonists. What such
measures should be, we do not ven.
ture to suggest. But the subject is
well worthy of the serious consid-
- r. AN =