Vicksburg weekly herald. (Vicksburg, Miss.) 1868-1883, 1877-08-31

abe to lay before our readers, at leAsS
an approximation G. the overland
movement and Southern consumption
during the past year, The figures
b oweYer, cannot be obtained. From 8
dispatch from New Orleans we learn
that the stock at all the ports are found
to be but ll7,30S.
The New YORK Financial Chronicle
in making It's monthly review Of the
Circular o. Messrs. Ellison u Co
among other things, says:
The Inference from statements o. past
consumption, and from figures Of the prob.
able supply up tc Octobe-. /, which We
gave last month, is clearly In favor ot o
that there are other conditions which a:e
now making themselves manifest, chang,
ing the situation somewhat.
And, first, IL 10 becoming evident tina
the general depression In commercial cir.
cles Is at length making 1t felt in the cot.
ton manufacturing interest. Leaving the
past consumption as Mr.. Ellison gives Il
"a total weekly consumption OF b40,O 0Q
1 >. in excess OF last year, the next two
months must show considerable deficit.
"Short time is becoming Ia more gener.
al In Great Britain than last year at this
time, aud on the Continent reduced com.
sumption, which has been in progress
probably for two or three months, is like
ly TO be more marked the remainder Of the
season. This Is the condition which will
prevail in case the war Is not brought 60
an end, OF which there seems to be 40 pres.
ent prospect.
Then again, this restricted cons umption
lie further induced il con sequence OF the
Ia an rteanna tarkfnh - ~ - r nHr VutaE -
current with regard to ~ growing crop
Undoubtedly the present prospect 10 high.
~ favorable n a large yield, and to o sup
ply OF new cotton considerably earle
than the promises OF q short time since
Europe counts with q good deal OF certain.
~ now upon getting from the United
States this year as much cotton as che cau
need, even II she keeps Up past consump.
ton. Hence the dispus ition is to use "a
little as possible the next TWO months and
to draw on their surpl.s 10 the last bale.
r there was a prospect OF q short yield
here, or il through any misfortune by and
by, there should be such a prospect, they
would stock up; as II Is at present, they
will run on their stocks as long as they
can.
And, finally, mich solicitude with re-.
gard TO the coming ear IS beginning 10 be
felt. That the war will drag through
AnOtneE Twelve months IS the prevailing
belletln Europe, and, IL II does, the gen
eral depression OF all industries is expect.
ed TO be not only continued bat intensified
and this must In the end manifest itself In
decreased power to purchase gOods among
the body OF consumers, which will result
necessarily Ia q restricted demand for cot
ton. Then, too, tho famine in some OF the
districts oil India is not q favorable feat
ure; but we do not, for reasons which we
shall not stop to state, give much promi
nence or Importance 10 that fact as an In.
fuence adverse to cotton.
Altogether, however, the situation aud
future prospects are not lust now favor.
able 10 the cotton market. Should, how
ever. there be any change in the outlook
with regard TO the war, and any we'll
grounded hope Of peace be entertained,
the conditions would be materially differ.
eut.
Concluded on S.=th PaOs.J