Vicksburg weekly herald. (Vicksburg, Miss.) 1868-1883, 1870-05-28
WEEKLY COMMERCIAL AND
FINANCIAL REVIEW.
OFFIcE or rHE YICEsHUR0 HERALB,
May q, islO. I

Business continues dull aud cot
ton receipts, sales and shipments
are light. Rates for middling are
20@2l. The cotton receipts at all
ports are little less than 100000
bales and will very probably touch
100000 bales for the season.
The New York Chronicle very
fairly speaks Of the coming crop as
follows:
Too much prominence is, we
think, being given in many quarters
to the extent ofland put under cot.
ton this year. No Importance
whatever should be placed upon
the increased cultivation as yet,
since If we have q rainy time dur
ing the next six weeks II would be
simply impossible for the labor in
the South TO keep the present area
free from grass, aud a good portion
would have TO be abandoned. II
is much as If the planters had plOw-
ed more land thon they were able
to seed down.
And yet we do not wish, TO be un-
derstood as believing that an in
creased. crop cannot be raised this
year. We know the contrary to be
the tact. But there is an evident
disposition to look at the area
planted and then pass directly over
to the autumn, and with fine wealth
err at that period to expect a large
yield; whereas, unless we have Il
favorable summer, so that the cot
ton may come up and develope
seven and chopping out and first
and second blowing aud cleaning
lie timely, the labor supply would
find it impossible to handle the
crop, and 1t would be short, not
withstanding the autumn was
splendid aud no frost till January.
Hence we say the first question
must be, what is the amount Of land
under cotton taken into the middle
of July in good condition. Settle
that point, and then one very i'm.
portant step in the progress of the
crop has been secured. But the
planting of more or less land Is,
with our present supply of labor,
of little significance until that point
Is reached.
The rumors of increased ship
ments from Bombay, which we
stated were in circulation aud de-
pressing the market ct the close Of
our last weeks report, proved &c
be true, and the next day buyers
generally withdrew, and holders
were more inclined to sell. Thii
feeling of depression was increased
on Monday By heavy receipts a
our ports, prices yielding abou
&c. Tuesday the same Causes OPP
Grated u~nfavOrably, aud prices tool
another tumble, middling upland
reaching 23c, again. On Wednes
day the closing Liverpool advice
were rather better, and this fact
together with the falling of in III
receipts at our ports, gave All i'm
proved tone to our market, and tn
close was stronger. Thursday, tn
earlier dispatches by cable Shove,
d steadier feeling, and prices her
advanced &c, and most OF tn
transactions of the day were don
at the advance, but later the maj
ket was weak, and has so continue
to-day, with, however, but Sigh
change In quotations, the advanC
| Of yesterday being mostly main
tanned. At the close there Is
. general disposition to suspend OF
| erations until reliable iuformstio
as to the Bombay movement fC
; the week Is received, and the efFet
! of our large receipts on Liverpool
4 Is seen. For forward delivery theI
has been much less excitement tina
there was last week, and prices
one time yielded about lc., thong
at the clOsa there Is some recover,
We notice sales Of 1,400 bales Il
s next October at 1914 @l9Ac. Tot
sales of the week for forward d.
! livery reach 22,350 bales Gall 10
middling or on the basis Of 10
middling).
q OF the New York dry goods ma.
ket the United States Economii
says:
l. The Dry Goods market for til
week closed, considering the lat
ness of the season, has been as GOO
:. as could be expected, particular
! with the jobbers, for although Il
" market is quite barren Of purcha
'e ers for Spring stock, an ayerai
Is amount In sales Is kept up by r.
;, celpts of orders, from the mar
hundreds Of salesmen, with SAT
IL pies who are now securing Il
II country. Among the commissi
houses q fair trade has been do
with those who have any show
- desirable goods for winter sto'
10 and adapted to the clothing trad,
but in the cotton goods houses buI
e. ness has been at quite a stand.
&c. In the cotton goods market fl
IA STYLES of both brown and bleach,
goods continue IN good reque
IN while the lower grades have TO
G. pressed TO O market. In color
III cottons there Is a noticeable IL
provOment denims of good sty.
to continue in demand, while some
auiry is made for the lower grad
Cottonades show much more
L. for .all styles, while for strip
he there is u moderate request; osl
burgs are still very slow, while
J" apron checks more animation
to observable. Prints in good ETY.
he are really taken, but the lateness
the season shows a falling of, W.
an abundance Of supply for prese
lt' wants.
As Percales continue in good dema