Vicksburg weekly herald., 1877-07-20
FINANCE AND COMMERCE.
OEFIcE OF THR DAILY HRRALD,l
lnNRaDAY EVRNEHRo. July 2j,. la1h

scarce as ever, and but for the contin-
ued excitement In strike circles, busl-
ness men would suffer for something
to talk Of, the question Of the condi-
tion Of the crops being stale one,
while business prospects are as YET In
the dim vistas Of the future. The
banks fell to make an interesting re-
sponse to the much used query for
Items, their business moving along In
the old and smoothly worn grooves.
Scrip circles are decidedly quiet with
put an interesting feature in their
entire sphere,
GOLD AND STOCKS.
NEW ORLEANS, July 25.-Gold 53S@
81. New York sight 4 premium.
Sterling, bank, IS IA.
NEW YoRx, July 25.-Noon-GOld
opened at 5%. Stocks strong ct an i'm.
provement. Money, ~. Exchange:
long, "a So; short "a S7H. Govern.
ment securities firm. State bonds
steady.
Evening-MOaey easier, u @2. Sterl-
ing quiet, 6. Gold closed dull, 81.
Government securities steady new Sc,
IL. State bonds dull.
Cotton.
A decidedly easier feeling day
was the information brought by the
dispatches. Liverpool waS "easier,"
but not quOtably lower for spots, but
1-32 decline In arrivals, closing dull.
New York spots "dull" at the decline
of l-l6 of yesterday, with dull and
easier New Orleans market, and o
reduction in prices Of e. Thus passes
away the shadowy hope of the bulls
who for weeks have vainly expected
that the holders of cotton In connec-
tion with the purchasers Of August
contracts would manipulate In such
way as 10 make corner with the end
ing of the present month, resulting In
higher prices for the actual stocks held,
giving better outlet for 1t, and q
brighter prospect for the incoming one.
The dry goods market Is summed up
by ELDERS Dry Goods Reporter as fol-
lows: "There is now more life In the
market aud q better inquiry for goods
of seasonable grades. Whatever may
be the depression In other branches OF
trade there 10 q sound basis laid for
prosperous Fall trade in dry goods.
Goods for the past year have been
very low aud In sympathy with the
purchasing power of the country
, there 10 not likely to be much advance
in prices Of cotton goods, IS has been
shown in the price Of seven cents, es'
tsblished by ell the leading manufac'
turers Of standard fancy prints, as the
price for new dark work. Heavy and
fine brown cottons, while firm and In
come popular brands sold ahead Of pro
duction, are not likely to be higher
Wide brown and bleached cottons IL
such brands as the Monadnock, Ian,
caster aud Lowell have been reduced
Miscellaneous.
Bank of England rate Of discount
per cent.
During the six months ending june
Both the fire losses in st. Louis amount
ed to $l,OI5,l30 80, on which there wa
insurance aggregating $l,SSO,415, an'
of which the insurance companies ha'
to pay $685., 1881.
Last September, Vanderbilt carrie,
corn to New York from ChlcsgO, 70
7c per bushel. This Summer the lax
and canal rate 10 eye per bushel be
tween the same points. Not YER
promising outlook for competition.
The value OF American fruit con
svmed In Europe during the year lS6
was 100000. List year 1t amounte
to $2,500,000. This 10 q strong growt
for ten years.
The foreign trade OF the countries {
South America and adjacent island
amounted last year to s520,0OO,OOO. 9
this The United States getS $ll2,OOO,Oy
but not one.third Of it is transporle
under the American flag.
The Argentine Republic transactS
trade with foreign Nations amounlin
TO S2N9,O0000O annually. The Unite
States gets but $6,J00OOO Of th
amount. Here 10 enterprise for you.
Messrs. Watts & CO.. Circular
July 9Th, contains the following: TT
immediate future OF our market will
greatly influenced by the action
BDl00erb. lDe stehulueos VI lu0 bi'e
pool cotton market, In face OF the dul
ness and inactivity in Manchester, ha'
brought 10 the front the question
short time, No doubt an extensive r
{ sort to short time for some definite p
rioc would be . valuable remedi
measure for producers, aS 1t would Q
able them TO work of accumulate
stocks, and would be an efeciual ots
10 the strong statistical position Of &C
tou. II may be doubted from past e
perience of similar agitations II &
necessary cohesion exists among t
trade to lead us TO look for the ado
ton Of any generally concerted met
4 ures. That every economy In CO
4 sumption will be practiced we can W
believe, and the deliveries to spinnC
for the next few months may be SON
what less than ssnguine holders OF c.
ton expect. The stock Of cotton hi
by English spinnsrs we now e'iim'
at 5000 bales, against 10000 last yC
and $4,000 the year before al sal
date. Estimated visible supply 2 80
$50 bales, against 2, 427 ,02O In 1875 q
4