Vicksburg weekly herald. (Vicksburg, Miss.) 1868-1883, 1870-01-22

LOW Mluullnb ''''''s' sGg@I -tt4g-!
Strict Middling ...... 2iS9 ~ as
N0Od Mlldllng. ... ~ g2oA nominal
Report of the present cotton crop
from the New Orleans Price Cur
rent. Receipts l,493, $50 bales ; ex-
less over last year 32O,063. For
eign exports, 7Sl,jj7; excess. 49,
~. Exports coastwise, 1881;
excess, 1881.
The following extracts + from
the New York Financial Chroni.
Gle:
The DRY GOODS TRADE.-The
market remains in much the same
condition noticed in our report of
January 7, but with a shade less
tirmness in the prices of cotton
goods. The cotton market having
shown some weakness, from the
continued large receipts at the
Southern ports, the effect has natu'
rally been felt, to a certain extent,
on the market for standard cotton
goods.
There has not been a large in
crease in the demand as yet, al.
though it is probable that the next
thirty days will witness q consider
able Improvement in this respect.
There are several important points
which { nd at the present moment
10 make the future quito uncertain
i'll the first place, the cotton crop
is at the turning point OF the season,
and all parties are awaiting, with
much interest, the receipts of the
next few weeks which will 90 far
TO determine the comparative
amount OF the crop. A second
point, OF much importance to im-
porters, is in regard to the gold
premium, rs their business would
he done OH a very different basis
with gold at 40 from whdtit would
he with gold at 40 to ll0, the usual
price in previous seasons.
A few weeks may settle these nm
certainties aud give a decided tone
10 trade in Que direction or the
other.
The Free Trader says:
The League would call particu
lar attention to its scheme for
strictly revenue tariff, that shall
''protect" no important interest a
the expense Of the masses of In
people. 49,,
The proposed tariff would yiel,
Sl25, 100000 at the lowest estimate
and probable much more. Til
sum will BIO more than sufficient t
pay the gold interest Oh the nation
NJ debt.
The receipts from internal rev'
nue. and miscellaneous sources L
gether amount to about $4,000
600, while the current expenses {
the government are not over Sl6O
900 OO0-interest on the debt e.
cluded.
II appears therefore, that a taFi
such as is proposed would be su
. liciently productive.
The League thinks the profile
of how to raise the revenue Wit
out giving protection" to Il
chosen few, may be said to
practically solved by'this schem
FOREIGN BANKERS AND A FOUR AN.
HALF PER CENT LOAN.
1t is reported that represent
tatives of foreign bankers In Lo
don and Frankfort have come
this country with q view OF pr
posing to our government . fou
and.G-half per cent loan, in I
event of the national debt bel
reorganized and funded, agreeah
10 the suggestions submitted
Secretary Boutwell, in his repC
TO Congress. They state, 1t is sal
that If the interest be made pa
able semi-annually in LondC
Paris ,and Frankfort they wou
be able to sell at least two hundr
millions Of new stock bearing 70
and q half per cent interest. The
seems, however, to be somethi
ola job In the proposition ;
these foreign bankers want q co
mission, though they say it wol
be less than was paid for negot
ting the sale of the 1ve.twentl
We think it probable that not OIL
two hundred millions of four a
half per cents could be placed
Europe, but that a thousand IN
ions or more could. Such is
credit of the United States abro
The n. U. Bulletin in critics
Amasa Walkers theory about
currency, says;
"The cause of our troubles,
humbly submit as an amendm,
is an arbitrary currency, both 4
tuating and deprecated,
whose fluctuatiOn Is independ
of the movements and relation
trade. The cause Of its depre
ton is the depreciation Of the
tional credit which it in part