Vicksburg weekly herald. (Vicksburg, Miss.) 1868-1883, 1870-09-24


MNa1r
oszlm e. sa Hualri
3D.
tits greatly Desirable alat s0mo
means should Be adaaIsa at 1aea %
ksep q eaEfaot account 81 aiI cotton
received IS and shipped rom tAis
city.
We urge e upon NE Chamber f
Commerce that they take tAls mat
ter In hand and "a connection ailh
Il the subject Of 0btainine daily
correct reports Of cotton fransac-
lions, together with quality and
prices. Ltseems 10 us 10 be 3 mat
ter peculiarly pertaining 10 the
Chamber. A Chamber Of Com.
merco certainly should be thor
Oughly posted Of all times up0n the
statistics Of the city's trade.
We hope these matters will come
before the Chamber az the next
meeting and action taken thereon.
Intelligence Of the cotton crop
continues unmistakable in lie indl-
cations Of 9 short crop. We do not
conceive that the crop can reach
last years and the picking Is con-
considerably later, which viii prob
ably cause & further curtailment Of
the crop by the storms Of fall and
winter.
Planters may conclude from these
premises that upon Q short crop the
price will advance. So Il may
when that fact is certainly asceF-
tanned and that win hardly be be.
fore the new year.
In the meantime It is impossible
TO say what may be the fluctuations
in price. There is q large stock Of
cotton on hand Just now compared
with other years, and spectators
may "bear" the market for months
70 come. We had IN experience
similar to this In 1857.
In this view Of the case II would
seem to be advisable for all who
owe (and who does nOt2) TO place
their cotton upon the market 90
rapidly as practicable, at least until
their debts are paid. After that
they can hold the rest Of their crop
without risk to any one but them
selves.
Cotton is falling slightly already
but perhaps 1t 10 mainly the effect
Of the gold decline.
In Liverpool the price seems
steady at 9s6d.
The United States Economist has
the following upon the cotton COM
petition.
"The recovery by the South Of
its cotton industry is Q subject Of
special cOngratulatiOn to the entire
American people, and is a matter
Of no slight interest to foreign na-
tons. It's loss Convulsed the mer-
camille community Of Great Britain
and produced effects that were Tell
beyond the boundaries Of eiviliza-
ton. The blows inflicted by the
war upon Southern cotton pr0duc.
ton were so severe, that the most
eminent social scientists doubted
whether recovery was possible. II
was not merely that creditan cap
ital at the South were annihilated.
There was an utter absence Of com.
modities. The mules, plows, wag.
ons and ordinary planting imple'
ments had disappeared, and, wOrsl
still, the labor system was appar'
emily hopelessly diSorganized.
II IL not our purpose 10 follow
, the process Of recovery. Suiicion
I to say that It was gradual, Eapit
; aud complete. The crop durinI
the year ending Sept. l, 1870, is OF
timated at 3,16A,946 bales. This
an increase of NO less than 1880
bales over the previous year, and
almost up TO the average Of III
prosperous years previous TO III
= war.
There can be no doubt that thl
South has now entirely recovered
her former prestige as Q cotton pro
ducing country. It is true the con
ditiOns are vastly changed. II n
, longer has q monopoly Of the mai
ket. Il must compete'With fOreig
: countries which have only begn.
: to produce cotton, for export, q
d. least, within q few years. But |
spite of all drawbacks, the S0ut
will, probably, always be able :
4 compete successfully with fOreigI
/. producers. We believe there is n
|. country In the world go we'll adapt
cd for cotton culture rs the Gu
: States, aud none where Il can b
produced more economically.
great change has taken place In thl
respect. The old wasteful systeI
of production has disappeared wit
slavery. New agricultural In
prOvements have been adopted, an
- fertilizers have been brought Inf
general use. There is more cott0
now produced on less land, an
g with less labor than even befor
7. This process will, no doubt, col
tinue, and enable the South to pr
II duce cotton still more cheaply.
e The chief competitor with d
n South In the production Of eottC
N Is British India. But that countl
rests under peCuliaE difficulties.
In the first place, the quality is n
so good. This is proved by 4
comparative cheapness Of lndi
K, cotton In the market. Then aga
le the seed Of marketable Indian &C
rs ton must be received from I
b. United States every two or thI
t. years. An address has recenI
been circulated aEong Souths
II planters on this point. They
IA ...az - a. all hi, aaAN~~ -.