Vicksburg weekly herald. (Vicksburg, Miss.) 1868-1883, 1870-04-23
WEEKLY COMMERCIAL AN %
FINANCIAL REVIEW.
OpVtCH Or FHH V~ieEsBURo HERALb,
April g. 1910.

ANUA - teiNs 2
Business is dull. Cotton comes
Ia slowly and Ia small quantities.
Money market as At last report.
The farmer lie generally busy put.
ling in bis crop for the present year.
The season opens favorably but
there are strong fears of an over
dOW Of low lands.
The New Orleans Price Currenl
makes the following cotton report
Total receipts at eli ports, 2,442,7 4S
bales increase over last year 6O0,-
TAB. Total foreign exports 1851
$50; increase 549,08I. Exports
coastwise, 7ls,065 bales increase
$3.50. On hand, 34l,4O6 bales.
The price Of cotton has vascillated
somewhat, but our city quotations
are now, Middling az, and Or.
binary II. If any are holding
cotton for 9 higher price we think
them unWise, for we eau see no
good reason to expect q material
advance upon the present price, and
possibly q decline. In view OF
the fact that the present crop
has proven q large one and
greatly satisfied the demand, 1t will
be we'll II our planters turn some
attention the present season to corn,
castor bean, ramie aud the sumac.
Especially should they raise corn
and be prepared against low prices
Of cotton and high price Of corn
next fall.
The following IA the New York
Chronicles report Of the cotton
market TO the 18th:
The market the past week has
lost not only the upward tendency
apparent last week, but 3 part OF
the improvement then established.
This has been due to the fact that
the European advices have been
much less favorable. Last weeks
rise at Liverpool was the result OF
lower estimates Of shipments from
India before the monsoon {; and the
depression there this week Is I'M
derstood to be caused by the belief
that the receipts before October l,
will probably equal last years re-
ceipts on account Of the quicker
movement through the canal, These
alternate rumors with regard to Iu-
dia and continued unsettled feeling
as to the supply to be expected
from this side, keeps the Liverpool
market very sensitive aud greatly
under the influence Of the weekly
receipts here. or course prices al
this point quickly respond to any
upward turn there, as the stock il
very small, and holders cannot be.
lievc but that last summers his
tory 10 10 be repeated. There
also appears to be au expectation
in some quarters that our market
will be Oversold, and prices thus
crowded up. Gold has during the
week shown a disposition TO work
upward, aud this has been an ele.
ment helping to sustain prices.
OF the Tariff question In Con.
gress, the n. Y. Dry Goods Re.
porter says:
II one interest desires cheap ma
terials q score start up to prevent
It. This was curiously illustrated
in the case Of the Southern mem
bers who desired that machinery
for cotton mills should be import.
ed free Of duty. The object, OF
course, was to establish cotton fac.
tories in the South. But New Eng,
land arose indignant at the idea
What was the use Of high duties OF
iron and steel If cotton machinery
could be imported free? Where
then, would be their market2 l,
the lately recreant South were &c
be allowed to buy cotton machine.
ry in the cheapest market, why
should the always loyal West be
debarred the privilege Of obtaining
its plOws, shoes, hats aud blankets
ON the same terms. The idea was
preposterous, aud was duly scout.
ed. But the pity Of the thing 10
the cause Of protection The South
Is prevented from establishing cot
ton manufacture because New Eng
land has q monopoly in the bust.
ness. If the South cannot afford 10
pay double and treble prices fol-
New England machinery, then II
must go without its cotton factO-
ries. This is protection to Ameri.
can industry with a vengeance.
The New York Dry Goods Re-
porter says Of the dry goods mar
ket to the 10Th
The Dry Goods Market for the
week under review, so far as the
selling of goods becomes a ques-
ton, has been, without doubt, the
most satisfactory Of the season with
all classes of merchants. Business
has been done, to a great extent,
with the Commission Houses, but
when the matter Of prices is con-
sidered, we cannot say that much
satisfaction will be expressed there.
az BY the manufacturers.