Vicksburg weekly herald. (Vicksburg, Miss.) 1868-1883, 1877-08-24
a}tsrald
FINANCE AND COMMERCE.
OFFICE or THE DAILY HRRALD,l

that we have noticed almost daily.
New features are extremely scarce, and
items Of interest impossible to get.
On the streets, however, 8 very con.
siderable business is apparent, though
sales for the day have been quite limit
ed In extent. The principal features In
all directions is in the receipts OF goods,
our merchants concurring in the
idea, that q good and prosper
Gus business will be inaugurated
on the marketing of the cotton crop,
now rapidly being picked. The news
from the country, and particularly
from the lowlands, is highly satisfac-
tory for q large yield, though from
some sections in the bills, complaints
are made that the crop will be cut
short from the effects Of the long
drouth of the Summer. So far no
complaints have been heard Of worms,
though q few scattering ones are said
to have been found in various sections.
Picking Is rapidly going forward,
and very soon we expect to see q magic
change in all our business circles.
GOLD AND SEOOAb
PARIS, Aug. 22.-Rentes l06 a
LONDON, Aug. 22.--Cousols, IS 3'l6;
Erie, 81
NEW ORLEASs,A 22.-Gold 4%@
AZ, New York sight I premium.
Sterling, bank, SIS 0S.
NEW YoRK, Aug. 22.-Noon-Gold
opened ct 5. Stocks buoysn', Money
3. Exchange: long, "a 50 short, "a So.
Government securities weak. State
bonds steady.
Evening-Gold closed lower, AZ.
Money easy, lK@2. Sterling heavy,
3. Government securities weak ;
new Sc 81. State bonds steady.
Stocks weak.
s~CB-TREAsCEY BALANCES.
Gold, $685. 6l DOL currency, $50, 1885,.
S04. The sub Treasurer paid out $685..
600 for interest and $62,50O for bonds.
Custom receipts to-daY, 100000.
Cotton.
Depression 10 the cotton market has
become almost a st%ereotyped expires.
sion, and the news is daily watched to
zee il some little change will not take
place for the batter in the controlling
centers. To-day, Liverpool was quoted
As fiat and irregular, with sales OF 1000
bales, arrivals selling at the closing
prices Of last night, though l.32d was
lost as the day advanced. New York
was quoted dull, but unchanged in fig
ures, futures still bearing unmistakAble
evidences that the bear element was
still In the ascendant.
Locally, there were only 3 few bales
changed hands, aud that of old cotton,
whose owners have become timid oil
holding, aud wish once more to be
free to mix In the crowd for the com
ing OF the new crop.
The markets were again on the side
of the bears to-day, and among the
dealers. We could hear Of little hope
being entertained for a period of bet
ter prices in the future. The follow
ing extract, taken from the columns o.
the New Orleans PieSyune, and writ
ten by come friend OF that journal, II
the first estimate We have seen made o
the probable out-turn OF the presen
growing crop. OF course no reliance
should be placed In II, but we eXtrac
it more as an item Of interest, than TO
any special facts which it may contain
y ItsAys:
With q Fall OF fair average weathe
and circumstances the growing crop !
almost certain to come pretty near nv
million bales. OF course nobody
expected to give an estimate whic
should bind him personally, nor is 1t
matter of pure guesswork. It seem
TO me that IL 3 factor gives an Ostimat
that Il is always understood that sue
estimate is based on present condition
appearances aud prospects, aud subjet
to notifications, as changes In elemenI
or temperature aud other circumstance
until all the cotton il picked ma
bring about.
Let NJ, therefore, make IN estima
based on the present outlook, and Il
latest report published.
The condition Of the crop, accordir
10 the Washington Agricultural b
reau report, Is about 5 Or 8 per cen
inferior or DetOW tuAt CT Culy OAs 400
against which there is 4 per Ger
increase in acreage, as set oil, or near
so but siuce July the weather has be-
most favorable this year, while in IS
the very reverse took place, so mu.
30 that the condition Of August, 1877
az published 10 September, lSl
showed & decrease Of l9 per cent.
Texas, 20 per cent. for AlAbam
with from 5 to 6 per cent.
other States, which for liberality sa
am willing TO leave out 9; the
count.
This year, therefore, the conditi'
for the month OF August must show
improvement over July, aud that II
provement win appear 10 the large
producing sections. Admitting, no
ever, that there Shonld be no mark
Improvement only the came cOudili
as at the end Of July, the decrease
August, 1875, would be saved, aud a
that much to last year's yield, which
round figures l may safely put 3,
100000 bales, plus
10 per cent Of 10000 for Texas %
% - aonR nF leOI Onl for AinDnma ~,