Vicksburg weekly herald. (Vicksburg, Miss.) 1868-1883, 1870-04-02
WEEKLY oOmmEnurAE ANB
EIMAMoIAL MMHEEW.


merchants and Others A. work, and
to prevent their complaining Of
nothing 10 do. In fact We do moi
zee bat that, although there is nc
hustle and hustle and excitement
get ell our business men are doing
e well in trade as should be ex-
pected, and meeting with fair en-,
cOuragement. II 10 very probable
that there Is q larger demand fol-
groceries and goods Of oil charac'
Ter yet 10 be satisfied, and which
will add heavily to the seasons
business. We are aware that {
considerable amount OF cotton Il
lat home awaiting the long antici-
pated rise. II would have com,
menced ere this, but for the unpre,
cedented decline In gold, which
hardly @ person foresaw to be 60
near at hand. In consequence OIL
this decline, as we have before
said, the cotton market appears to
be depressed. We hear II question:
ed anxiOusly, whether cotton will
advance? We pretend to no skill OF
experience in prophesying, but
FROM the best Of our observation
and reading, we say this
Should gold remain as al
present, or decline yet more,
cotton cannot advance. Be.
cause the price already is relative
ly greater than at the same tint
last year when the crop was muci
less aud because there is no doubI
q great deal Of cotton back, perhaps
100000 bales and some estimate 4
at more. But on the other hand Il
Is stoutly predicted that specie pay
ments cannot be resumed at pres
emit that there lie not near golC
enough TO justify 1t; that this pres
ent decline In gold advance II
greenbacks) Is the result Of fortui
tOus circumstances, as we'll as o
combinations, aud that gold mus
advance. II this position Is correc
then cotton will advance to, per
haps, q or Is cents at New Orlean
during the season. But no one vi
think, need hold, expecting TO re
alize more than Is cents, II that
Provisions and goods general.
have declined, and the market
more largely In favor Of the buye
this season than last, while tn
appreciation of currency Is ais
to the advantage Of the planter
This places him In q favorable posi-
ton. Our banks say that auctua
tons in gold and cotton make bust
ness dull. Money in good deman,
at IL per cent. per month. Col
buying, 10; Exchange selling o
New York 4 per cent. premium
st. Louis and Cincinnati, same rat
and on New Orleans at par.
The total cotton report to tn
30.h ult., 10 as follows: Receipt
2,3l8,00l bales ; excess over lai
season Of 58l, Foreign export
l,474, 500 bales, an exces Of 6l2,4S'
Exports coastwise, 6S2,S52; o
hand and ship board, 429, 1858 e.
cess As 623 bales.
The New Orleans papers repOI
country merchants buying ireel
from an ample stock at low rate
The U. s. Economist has an art
Gle entitled, "Why are capital an
labor idle" and answers II by 50,
ing the cause is injudicious flnaI
cial Legislation. This Is true, aI
unfortunately 20, for the Evil
men" Of the nation have failed thu
far TO afford the people any Adl
Quate financial relief, and from th
cause flow our troubles mainl
The views Of that able paper, Il
Economist, are also agreed to b
the N. Y. Financial Chronicle, o.
other sterling journal.
, We extract the following fro
the circular Of Bowles Brothers
Co, dated Paris, March 1lth, 1871
We have to record a continue
advance in United States Cover
\ ment Bonds aud further decline
gold. RumOrs come frOW Ne
York, OF an attempt 10 aid the n
: turn 10 specie payments, by 60
D ting Congress to authorize the +
ceipt of duties in currency, and q
sale Of gold now in the Treasur
, Whatever may be said for
against such step, the mere posi
: bility of 1t tends to-diminish Il
3 premiums Oh gold, aud adds TO d
, faith Ia the public credit.
This state Of things, added 10 Il
public anxiety with which the q
E ton Of the Senate upon the Fun
ing Bill now under discussion
awaited, has combined 10 unsett
the New York market 10 an exte
D which may be easily imagined, al
0 iE IL feared that the fall in the go
premium is too great and too rap
! not to be followed by q reactiC
which may become dangerous.
, OF the New York grocery ma
: ket we have the following: .
;. There has been nothing in q
1 course of business which has il
b PEELED the several markets ind
this head In any common directiC
and they accordingly vary qui
{ widely in the phases they preser
oil Gold hasbeen steady, at Q high
premium, and money has been 81
Ily obtained ct moderate rates.
In other lines Of business the
; have been several heavy failure
flbut II there has been any specl
/. eause for these disasters Il has fall
TO make itself definitely felt In Il
= llae Of trade. There is Q geneI
uncertainty Of feeling among bu
a era, which will probably last IN
, the final settlement Of the hnanci
schemes before Congress, and Z