Vicksburg weekly herald. (Vicksburg, Miss.) 1868-1883, 1870-07-02
WEEKLY CDMMEBCHA4 ans
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Nnf8 4 1870

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july ] isiG
Everything is dull, dull, dull.
And the weather 10 hot, hOf, hot.
And money is scarce, scarce,
scarce. And that Il about an cpl
tome Of affairs generally. But like
. streak Of sunshine (Which ls q
doubtful blessing this hot weather.
the crops are promising. We hear
news from Texas that the cotton
crop will be cut very short. Some
portions report that from the pros
pecL owing to weeks Of successive
rains, il will require two or three
hands 10 find . boil for picking.
Texas probably produces three or
four hundred thousand bales per.
haps, five hundred thousand. A
failure In her crop would make q
material difference in the markets
receipts and prices. We hear re.
ports Of the cotton worm not only
in this county but in Louisiana.
But we always do, and 1t Is yet i'm.
possible 10 say whether they will
damage the crop. From present
prospects prices will be low Oh &c.
count Of the large quantity raised.
The New York Chronicle speaks
% follows last Saturday
The market has continued dull
all the week. Monday and Tues
day there was q slight revival of
confidence among holders, and good
ordinary advanced q 40. This was
owing to an improvement in Tor
eign advices, after the announce
ment at Liverpool that the Bombay
shipments for England for the week
ending the both inst. had been only
ll,O0O bales. Thursday there were
rumors that the movement would
be freer this week, while Manches.
ter advices we're not encouraging
consequently Liverpool was lower
and very dull, while our own mar.
ket developed the same features,
which were continued also to-day,
the close here tonight being heavy,
with middliDg uplauds ct Ole
Holders wonld be willing to make
some concession on large orders,
but do not press sales. and appear
indisposed to yield anything to
meet the small retail business
which has been in process all the
week. For future delivery the toRe
aud prices have corresponded with
the fluctuations above noticed in
the movement of cotton on the spot,
except that the changes have been
moro decided. The probable price
Of the next crop continues to be
the absorbing topic Of the day.
Sales for the week of October have
been at lS@lSH, which indicates
the prevailing opinion at the mo-
ment.
There is little to add with regard
to the growing crop this week.
Complaints Of too much rain are
current from very many and wide.
ly separated points, but especially
from the West and South. West ;
we doubt. however, whether any
considerable damage has yet result
ed, except in very limited districts /;
the return OF warm, sunny weather
during the past week has served to
brighten the prospects, even where
they were a little doubtful. We.
think 1t right, however, to warn
our readers against acting with TOO
much confidence at present upon
the current large estimates OF the
yield, or expecting too low a price
for the next crop. The danger this
season Is that the majority Of the
trade will go to that extreme aud
be bears, since they have been de-
ceived this year by accepting tie
bulls story. Without doubt the
new season will open with a con
siderable increase in the cotton in
eiBh't anu ~ Jul Iiupp tuIuh uul
well, it is likely that the worlds
supply next year will be in excess
Of this years supply ; but we should
remember that Our crop has yet to
pass through all the dangers both
of summer aud fall, and, further,
that far more cotton can be con-
sumed at Sd per ID. than at lll9d.
The New Orleans Price Current
presents the following report OF
total exports aud receipts, as re.
ported 10 June Goth:
Received 2, 76S,093 bales ; excess
over last year 10000. For.
eign exports 2,0l560O bales excess
over last year 63j, 7Ij. Domestic
exports S6l,002 bales excess 35,5ll.
On hand and shipbOar l7j,G3S. 1t
is shown that the excess OF our re.
ceipts over last year are almost IN.
tirely taken by the excess Of foreign
exports;
COMPARATIVE PRICES OF COTTON.