Vicksburg weekly herald., 1870-08-20

NAbE@A AA&Nh 0AN AAA AAAs
The cotton circular Of Watts &
Co., August 29th, says:
" AS affecting the course of our
market for cotton, even the war OH
the continent and the bank rates are
however, perhaps less talked about
than the difficulties aud complica-
lion; likely to grow out of the
sales to arrive OF a very large pro-
portion Of the cotton now ailoat
from India. The losses will un-
d0ubtedly be enormous, and some
suspensions may be the result, bu:
1t strikes US that these difficulties,
like all Others not yet faced, are cx.
aggerated. a, bearing upon this
point. we would call attention 10 the
tact that our export demand for cot
ton Is not entirely cut OIL. The sales
declared for export during the past
week amount TO 1850 bales, against
1879 the week before and now that
both France and Prussia have sig
niilcd their intention OF abiding by
the Treaty Of Paris, signed in 1876,
ittol.ows that neutral ships will not
b. detained on the plea that they are
carrying enemies goods, unless
contraband, and as ,tton seems
not to be considered by either Of
the be.ligerents as contraband, We
can see no insurmountable difficulty
in the way OF our supplying any of
the continental powers, even those
engaged. in actual war, with what
cotton they may require Of US.
American cotton continues rela-
lively cheaper than other descrip-
tions, aud during the past six weeks
the deliveries o. such to the trade
have averged 65 per cent. OF the
whole. II will also be seen from
our table above that since the be-
ginning Of this year the deliveries
OF American from this port have
averaged 3O,j23 bales, (2S,j40 to the
trade, and 1888 exported } at which
late the entire supply here and
afoat would be used up In less
than twelve weeks.
We suppose English spinners
now hold about $4,000 bales, against
10000 last year, aud $1,000 the
year before.
A; Manchester trade has, during
the past week, been paralysed just
as 1t has been here, both buyers and
sellers apparently awaiting politi-
cal Developments. Latest quota.
tions are-for SAlb. shirtings Is.
9jsd. per piece, No. 4O mule yarn,
common 22d., best ljd.
The estimated visible supply al
this date Is 429 5S7 bales against
1881, ,2l9 last season.
We take the following from
Messrs. Francis W. Crane s. CO...
St. Louis Circular of Saturday
evening, Aug. ID:
The provision trade the pas
week has been very quiet. ThC
fact of a dull demand from the con.
suming markets, the falling of il
the exporting markets, the dropping
down of the gold premium, anC
the stagnant condition of the othel
Western markets, all of these to
gether have not been without theil
influence on our own trade, ant
towards the close there was ,
perceptible weakening in prices
This undoubtedly Is the direct re
suit upon the business Of the coun
try of the late war news from tht
continent of Europe, which very
sensibly indicates that continued
successes in the same direction vii
make o short war between France
and Prussia.
We notice a published statement
that the Cincinnati dealers Werl
advOCating-in considering the pol
icy to be pursued In the cominI
fall and winter packing-the set
Ting down on eight cents gross a
the price to be paid for hogs thi
season. This is q mistake. SO ia
as there Is any authority for thI
statement at all, the price proposei
was eight cents nett and not gross
which would make q material diff
ference in the future Of the bust
ness.
The business Of the week ha
been devoid Of any animated move
ments, and the market has show
considerable weakness and som
falling of In prices. Mess pork !
quotably lower, having sold TO
$50 %, and cash offers were 70
$50, without takers however. TIL
demand for this article has beei
very light. Dry salt meats werI
not Quotahly changed, but therI
was an absence Of any round 10
transaction. IN bacon thore worI
aalas n the middle of the week &
5000 Ih. e|eaE Eib aide. nae'E1