Vicksburg weekly herald. (Vicksburg, Miss.) 1868-1883, 1870-04-16
WEEKLY COMMERCIAL AND
FINANCIAL REVIEW.
OrFlcE or ruE v~icEsBuHg HERALD.
Anri Is. f-5U. /

before us. Of which our merchants
will avail themselves. There Is al
ready a sensible dizziness in trade.
Our banks report money close
and rates high. They are buying
gold at 81 IL.
Shipments Of cotton have de-.
clined, but the price has not raised
much. We quote middllng at 2l]4
and ordinary at l6@l7
The following Is the cotton re-
port to the 18th inst. from the New
Orleans Price Current:
Receipts at al! ports 2,391,9l2
bales excess over last year, 5S4,-
40.
Foreign exports 1907, 20j bales
excess Of 54S,9l3 over last year.
Coastwise exports 7O7, 52j bales.
Stock on hand aud shipbOard $685..
600.
WILL CoTrON RISE IN PRICE? p
The Memphis Avalanche argues
that it will not, and adds:
The best authorities estimate
the crop at 2,790,0O0 bales. Esti-
mating that the result will not
vary from this more than 10000
bales, and that the range Of gold
will be from lis to 100, cotton will
do we'll to maintain a uniform scale
of prices from now until Septem-
Der, or at least until cause for an
advance Is shown in the crop pros
poets of the coming season.
The Picayune, of March 3lsf,
says:
An experiment was made in this
city yesterday, which may result
in q revolution in the method OF
packing aud transporting cotton.
The agent of the Waters patent
.barrel aud hOgshead, in this Stale,
Mr.. R. S. Parks, conceived the idea
that the barrels might be put to an
other use beside those for which
it was originally intended-name'
~, the packing of Gotten. Acting
at once OH the idea, he took one Of
his barrels to a cotton press, filled
II with cotton, and compressed the
same In the most satisfactory man.
ner. When the same was removed
the cotton did not spring back
more than q few inches.
Mr.. Park computes that one o
his tierces will hold about 4U
pounds of compressed cotton, ant
claims that every planter will, b!
the use OF this system, save i'm
mensely, both in freight aud los
by damage, etc, These package
are so constructed as TO be wonder
fully strong, while they are perfect
~ waterproof. Cotton can readi
ly be sampled in these packages
and the danger from fire would o
course be greatly iessened, the cot
ton being tightly eucascd in wood
en- packages, The cost will be les
than bSgging aud ties"
The Chronicle, OF the 9th, says 0
the New York market:
The tone of business circles ha
: been rather better this week. Tn
return of good weather has ha.
: some effect and the opening OF IN
land navigation at the North an
: West Is also o favorable circuH
stance.
Cotton has materially advanced
Breadstufr, have been irregular an
active, for export. Groceries hav
: shown a more moderate bushes
with some fluctuations In price.
: Tobacco has been more active an
: closes tirmer.
: Of cotton, this paper says:
], We have had a firm though quie
l market the past week, attende
with considerable improvement |
prices, this improvement being du
wholly to the upward mOvemer
: at Liverpool acting upon a yer
q small stock here. Desirable quail.
ties are very scarce, so that holder
have the advantage, but buyers OF
e crate very sparingly. There Is
: general feeling In the market,espet
: tally among receivers, that price
8 are 10 go higher this summer, S
that the slightest cause operate
c quickly TO give the market an VI
ward turn now that receipts haV
u fallen TO so low spoint. Spinner
u however, buy only to supply In
mediate wants, and exporters Ope
: ate with great caution, as our pricI
Q are above the parity of Liverpool
G European consumption of cottC
= from January lst to October lst
as follows:
y European supply
= from U. States 100000
Less reefs in Eu.
. rope up to JAN ,oo
Supply from India TO Oc-
u tober l................ l,4JO,O
, Supply from Egypt. Brazil
u and other countries. 64O,U
n Total receipts from Jan.
to Oct. | (3j weeks 3,7lO,O
A cotton crop of 100000 bait
at the average price CT the seaso
so far, is worth about 100000
currency, in Southern ports, viii
e. Is equivalent to over S210,0OO,O
=, in gold. This is a greater aggl
gate value than was ever receiv
Tor any cotton crop in the Unit
states, exceeding by some millio
of dollars, the value OF the gre
u crop of 4,S60,OO0 bales in lS59'GO'
h. As to the dry groods trade
New York:
h. The market has presented a We
quiet appearance during the we
err and there Is no salient point
-;ntarast IN uotice about IL, DuyC