Vicksburg weekly herald. (Vicksburg, Miss.) 1868-1883, 1870-07-30


Quence of the war.
The great waste caused by war,
the many materials Of cotton man.
ufacture, tents, tarpaulins, wagon
covers, clothing, etc, needed by the
armies, will give additional i'm.
pulse to the sons Of America aud
Europe. Germany 10 not a large
consumer of our raw cotton. For
instance, see the weeks foreign ex.
ports to Europe: out Of 2l,5l7 bales
reported, only 2,275, less than one.
tenth, goes to Germany.
The German ports may be block.
AIDED, but that will cut of but Q
small portion Of our cotton exports,
and the needed goods will find their
way into that country in q mAnufac-
tured state.
The St. Louis Democrat speaks Of
the effect on cotton as follows:
No account 10 to be taken of the
first pe~rturbations in markets,
which become apparent upon the
outbreak of gigantic war. These
are more o. less the result Of pam
icky feelings often purpOsely inten.
SIZED by market manipulatOrs, and
give no indication Of what the per.
manent state Of the market may
be. Now, as far as regards the
status Of cotton during the war, we
reason that the demand for fabrics
will be fully as great throughout
the civilized world, as If the world
enjoyed peace, and our own expe.
rience has shown that war times,
are periods Of great waste, and we
presume the same improVidence
will attend the operations Of the
cOntending armies Of Europe.
We expect therefore an aug
mented demand and an in-
crease in the price Of cotton
other than Q closing Of factories and
Q serious decline, 90 many seem to
fear. This country will be q neu-
trail, and will run every loom, lathe,
forge, aud furnace she possesses TO
their fullest capacity, II the war 10
Of even elk months duration, and
the prospects are that 1t will be Of
much greater length. Should all
Of Germany, Russia, Austria, Italy,
Denmark, and France be drawn
into the war, millions Of men
would employed In destroying fab
rics as well as lives, very rapidly.
These fabrics must be replaced
promptly. Soldering IL deStruct.
I've to clothes, ~ all soldiers know,
and the raiment thus worn out
must be manufactured somewhere.
England will do Q large part Of this
manufacturing, and will demand
increased quantities Of cotton to
do It with. We shall also do 9
large share OF 1t, and our home
consumption will be much larger
than It has been since the war. In
short, we cannot see any reason for
supposing that cotton will decline,
while other products will advance.
Upon this question the N. Y.
Chronicle says:
It does not seem probable that
the French and Prussian war will
have any very material effect on
the prices Of cotton, and yet 90 far
as 1t may exert an influence, we
should be inclined 10 think that the
tendency (after the fret shock had
passed away would be favor
able. To be sure the disturbed
state Of the Continent might inter.
fere with the natural course Of con-
sumption, and 9 long war would
impOverish the people so that their
purchases would necessarily be
more limited. But there is very
little danger that the war will be
long, and the increased cOnsump-
ton for army purposes (for an army
Is very wasteiu) will more than
make good any disposition TO econ
omize among the people. Then,
too, war on the continent will prob
ably make all industries more active
in England, giving the laboring
classes there larger profits to spend
on clothing. For these reasons, and
for the further one that q higher
range In the gold premium here, oil
other things being equal, gives Us q
higher currency price, we cannot
look upon this European disturb
ance as unfavorable to the cotton
trade.
These respectable papers are sus.
tanned BY the New Orleans Bulletin
and other papers. The estimate Of
the crop, 1t Is thought, is placed
much too high when the drOuth and
and worm lin their %efCects) are con.
sidered. The New York ChrOicle
Of July 23d says:
The market for cotton the past
week has been feverish and unset.
tied, but the fluctuations In prices,
except for future delivery, have
been moderate, closing at some ad-
vance for spot and July delivery,
but lower for the new crOp-thul
middling uplandS on the spot 2Okc;
low middlings, July delivery 19k,
for October, 16N.
The declaration Of war by France
against Prussia, which was made
at the date Of our last was fol.
lowed by q panic in the Liv.
erpo0l and Manchester markets,
both for raw cotton and goods
and on Tuesday last cotton had dc.
clined In Liverpool 10 sgd; 9 do.
cline Of 1kd from the quotation on
the l4th, the day before the deClara-
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