Vicksburg weekly herald., 1877-07-06
FINANCE AND COMMERCE.
OFHoK nR THB DAILY HERALD,l
MEDNRsDAY EYHNINn. InlY I. 1877.


|. The day was closely observed by the
banks IS as holiday, and also by large
number OF merchants in the afternoon.
The streets wore the appearance Of
lively Sabbath, but no item could be
cleaned for commercial use.
} The st. Louis Republican in lts gen.
erGl commercial news of the 2nd says: ::
: "Freight by river to the South and rail
rates in general steady. The markets
on Change presented no new feature
nor in general any conspicuous changes.
But 1t was evident from the DRIFT that
market values were near pOise with
a weakening tendency 10 a general
view. There were indeed instances
Of better prices attained, and in the in
stance Of No. for cash, a considerable
decline occurred, and oats were lower
TO sell, but otherwise there was no
variation Of importance and signif-
cance as 10 the future
Cotton.
The absence of news had the effect
Of keeping the cotton dealers scattered
and numbers OF them took q short trip
TO the country, picnickiug. There
was not one word of interest 10 be
heard during the day. Messrs. Watts
& Co., in their last circular in speaking
of the stock of cotton in Liverpool last
March being $4,000 bales in excess of
the previous year says: mine out of
ten Of those engaged in the trade
would then have pooh-pooed auy one
who had said there would have been
short supply of cotton here before the
incoming OF the new American crop.
But things have now changed; our
present stock Is only $1,000 bales larger
than 1t was one year ago, and inasmuch
as we have IA 600 bales less at sea from
America aud India, the prospect is, we
will, In five or six weeks from now,
have nearly 100000 bales less IN Liv.
erpoOl than at same time last year
ION the other hand there are those
who think we have made too fast start
that the main reason why prices are
now 4 d per pound dearer than three
weeks ago is that there has been an i'm.
proved spot demand, that the condition
OF trade In Manchester does not war;
rant the full improvement here, and
consequently that spinners are likely to
hold of for time. 1t should, how
ever, be observed that during the past
three weeks the trade have taken only
some 1000 bales more than their con.
sumption, and now hold 10000 bales
less than they did one year ago.
"As yet we have not received the
Agricultural Bureaus report Of the
acreage planted in America this
Spring, but this is now daily expected,
and upon II will depend in some meas.
ure the immediate future course OF our
market. For some days past reports
have reached US Of excessive rains in
portions OF the South, which are said
to have done some injury 10 the crop,
but these have attracted very little at.
tention here.
The stock Of cotton held by English
spinners we now estimate at l26000
bales against $4,000 last year and l65,.
600 the year before at same date.
Estimated visible supply 1922 $50
bales, against 1886, $50 In 1876. and D.
59l520 ia lS75.'
Miscellaneous
The New York Bulletin says OF last
Saturdays cotton market in that city
For spots the movement has been
rather moderate, aud covering In the
main small invoices for some special
necessity. There is, however, never
much inquiry calculated upon for
Saturday, and the absence OF buyers
has not weakened the confidence Of
holders in any way. Indeed, the tone
is stronger generally, aud further ad-
dition OF l-l6c has been made To- quo.
tations, with the close pretty will sus.
tanned and the offerings moderate. The
cOntinu d steady feeling on options for
, the summer months and the fears Of a
coming corner tend to give owners o
! The supply good opinion OF the fu'
/ ture. For future delivery there ha.
= been pretty full movement for The
closing day Of the week with q further
. advance on values and the undertonC
= strong, but without the showing OF any
: positively new iuaaences.'
5 Our WHEAT SuRPLUs-Last yesl
the United Sts'e, produced nearly 800,
I 100000 bushels Vt wheat. Experience
!: shows that for our own use we require
; 200 100000. This leaves US 100, 100000
for expectation. We export on al
average 60,000,000 bushels. OF las
: years crop there remAiRs in this cOuu
: try about 25000 900 bushels, awailiu!
= shipment. Now that there is to be
: foreign war this surplus will fud {
: ready market. Russia, Que OF the
5 greatest wheat producing countries il
9 the world, will miss at least one, anr
. probably two or three crOps-it wi,
have no surplus, aud Is likely to be
1 come buyer instead of a seller Ex
g change.
y KEEPS Custom shirts made u measu g
A Tue very best, b for 81, delivered t-es -