Vicksburg weekly herald. (Vicksburg, Miss.) 1868-1883, 1870-06-25
WEEKLY COMMERCIAL ANN
FINANCIAL REVIEW
ogFIcE OF THE vICEssUEG HERALD, !

The past week has been admira.
bic Que for the planter. Beneath
the genial rays of the unClouded
sun Of tho past several days, vege-
tation has received an impetus
which will go far towards putting
il In a condition for rapid and
healthy growth, and remove it
beyond the influence of the many
ills to which some OF the more DEL
icate plants, such rs cotton, are sub
ject. The planter will discover that
grass and weeds grow as rapidly
and as luxuriously as his cotton and
corn, and that nothing but early
late and constant labor will enable
him to keep his crops in a clean
condition. We regret to know that
there has been such a small proper
ton Of the tillable lands Of the
South put in corn, and so much de-
voted to the culture OF cotton.
From the National Agricultural
Report for the past month, upon
this subject, We extract the follow
ing:
The Agricultural report for the
current month says the cotton
growers seem determined this year
to reduce prices to 10 cents, with
every prospect of doing IL. Acre
aye Is materially increased in every
State, while that of wheat, and
probably of corn, though the coun-
~ estimates for the eutirG county
do not come in until July lst, has
decreased. II the neglect of all
other interests can only be cured by
cheap cotton, the sooner the REDUCE
ton comes the better. The cOndi-
ton of the growing crop in North
Carolina Is good In south Caro-
lina cotton is looking well, except
that some complaint Of bad stands
Is made in Georgia II is late and
smaller than usual, from the effects
ola drought of five weeks, which
terminated May 2j,h, but is grow.
ing vigorously now; the dry term
was shorter in Florida and Ala
bama, and cotton is generally in
good condition. Reports from
Mississippi are still more favorable.
In Tensas parish, Louisiana, where
the grcatcstcst cotton yield Of 1869,
was made, the condition Of the
crop is twenty per cent. better than
last year, and the average is in.
creased onc.tifth. From Texas
comes reports Of a backward spring.
with cotton late but thrifty and
promising, and no State makes
more favorable showing than Kan
saa.
The condition of cotton Is better
than last year at this time-a fact
desirable aud gratifying in itself,
but Of no controlling force in deter
mining the ultimate result. Last
season was unpropitious up TO
August, and afterwards favorable to
an almost unexampled degrec-a
tenth Of the crop being due to the
extreme length aud propitiOus char
actor of the autumnal season. The
average Of the Sea Island cotton in
Texas has been increased.
The price OF cotton has been
steadily falling for some time, until
Il has now reached in this city for
middling cotton lSl% cents. Upon
a falling market there Is always q
greater margin between New
Orleans and Vicksburg prices, than
upon a standing or advancing
market, consequently It is plain
why, by telegraph, mIddling cotton
In New Orleans was last
Wednesday quoted at l034 cents.
In every department OF business In
the past week there has been a
heavy falling of in sales, This Is
attributable to n great extent 10 the
fact that the weather has been so
favorable during that time, the
planter could not leave home.
From the United States Economist
aud Dry Goods Reporter, OF tue
18th, We extract as follows:
"The planting season is now suf-
hciently advanced in the South 10
afford data for approximate esti.
mates of the amount OF the new
cotton crop. Upon this subject all
accounts concur in representing n
large increase in the quantity o..
land placed under cultivation and
the introduction Of labor saving
machines and fertilizers to an OK.
tent never before known. The chief
complaint is the want Of labor, but
even on this point the indications
are more favorable than at this pc.
riod last year. The negroes are be.
ing rapidly disabused Of a great
number OF political notions which
prevented them from settling down
to active industry. As q rule they
are now more willing to work than
formerly, and they are also learning
how to work more thoroughly and
eilectually.
From returns Of the movements
Of cotton since the commencement
of the cotton year, September lst,
as compared with the receipts in
corresponding periods in former
years since the close of the war, It
will appear that an estimate of
4,OOQ,OOO bales as q result Of the
growing crop, is more likely to be
under than oyer the mark. The
Economist n year ago predicted the
crop Of 1868. 60 at fully 100000
bales, and events have confirmed
the correctness of this view.
although II Is only recently that 4
crop of 2,750,000 bales has been
generally conceded. Indeed, Il IL
probable that last years crop win
amount to 100000 bales. The
receipts ct the cotton ports and the