Vicksburg weekly herald. (Vicksburg, Miss.) 1868-1883, 1870-10-01
DAILY COTTON REPORT & WEEK.
LY COMMERCIAL REVIEW.

We have very little TO say about
cotton to-day, as the market has
been particularly inactive and we
have failed to hear OF a single
transaction Of any consequence
The tendency Of all the markets is
still downward. There was very
little enquiry, aud with the excep.
ton Of Que small list OF II bales we
have hea.d Of no sales, except by
street jObbers In two or three bale
lots.
We sum up the total sales Of the
day at % bales. Closing quota
tons, viz:
MiddllDg 1917 ola cts.
Low Middling l3@l3k cts.
Good Ordinary l2@l2N cts.
Ordinary, nominal.
Low Ordinary, nominal.
In reviewing the past CONNER
Sial week there are very few agree
able items 10 dwell upon. Cotton
has declined 2Hc per pound plan.
ters are very slow in forwarding to
market /; there is general complaint
of an insuficiency Of labor; and
the merchant stands alarmed and
anxious, with no guarantees for the
future.
The situation Is one which natu-
rally should cause disappointment
and dependency, but the planter
must not allow himself 10 believe
that he is more injured than any
one else. II is the merchant who
will suffer most. II is upon him
the memorable bank.nOtice Is serv-
ed. IL is he. who must make the
reckoning, In default Of which pro-
test aud ruin follow as a cerlsiD
consequence. The planter should
come TO his rescue, not only Us Il
matter OF duty, but vi seliishnCss,
for the merchant and the planter
must sink or swim together.
We may speculate as we pleas
upon the cause OF the disastrous de-
cline in cotton. II may be the war
in Europe-it may be The anticipa-
ton of an unusually large crOp-il
may be the decline IN gold-Or the
large surplus of cotton held over
from the old crOp-Or all of these
may have exerted separately its IN.
nuence, still the situation Is mal-
lerable, and the planter should
come forward and avert the money
panic, which must be inevitable il
he withholds his crops from market,
There Is to us, however, one
bright feature in the dark picture,
over which we make merry at the
expense OF our western friends.
They seem to be as much distress.
ed about their meat, as we are
about cotton.
A late st. Louis circular states
that the impression prevails that
the slaughter of the ensuing fall and
winter will reach some 100000
hogs, and concludes with q sum.
mary Of the market as follows:
Mess pork has given way In every
leading market, and is now the
weakest and the most neglected part
Of the hog. At New Orleans the
market has run down to S26, In
Cincinnati S25, in Chicago to S25 so,
and here nominally to S25 5O@26,
within which figures jObbing lots
are being placed ; at the same time
a round lot cannot be placed at $25.
Oflate the market has been relieved
by shipments to southern ports,
but as they are temporarily sup.
piled, and we are receiving the
country supplies, there is very lit
tie present prospect Of recovery,
and the market has become 90 de-
mOralized that spectators. both for
present and forward delivery, have
retired.
We are thus naturally lead to be-
lieve we shall have pork much
lower-perhaps at $50. Produce
Of all kinds In the West Is reported
as tending downward, and q still
further decline il anticipated. The
= urice II nFogiaione e 4 very serious