Vicksburg weekly herald. (Vicksburg, Miss.) 1868-1883, 1877-09-14
rINANCE AND COMMERCE.
OFFICE OF TUE DAILY HERALD,

OFFICE OF TUE DAlLt nEkALDi
WEDNESDAY EVENING, Sept. y, tsI7,i
The streets we're decidedly more &C.
tive than usual to-day, though the buy.
era were still largely in the minority, II
compared with the receiving class.
The stocks Of ~seasonable goods have
been largely increased, and from this
time on, inducements can be offered
here which would make It foolish for
people to send of for dry goods, cloth
ing, boots and shoes, hardware, or any
thing else in the way Of necessities or
luxuries OF life.
The banks to-day did nothing more
than usual, being dependent for an in.
crease OF business on the cotton crop,
which has not yet commenced its
movement. The street brokers also
complain of d~ullness, though q heavy
demand for money has continued
through the entire Summer. County
warrants are quoted at 90 cents.
GOLD AND STOCKS.
New ORLEANS, Sept. l2.-Gold 81
@37s, New York sight 4 premium.
Sterling, bank, S. o..
New YORK, Sept. l2.-Noon-GOld
opened at 376. Stocks opened higher,
but afterwards declined, and have since
partly recovered. Money 81. EK.
change: long, "a S3H ; short, 1 81.
Government securities weak, State
bonds dull.
Evening-Gold closed dali. at
3}s. Money easy, 3. Sterling, steady,
49,. Government securities quiet.
State bonds dull, Stocks closed strong.
suB-TREAsURY BALANCES.
Gold, $SS, 1855 ,sll currency, ills.
4l9. The sub Treasurer paid out $74,-
600 for interest and $4,000 for bonds.
Custom receipts to-day, $4,000.
Cotton.
The advance of Led in Liverpool,
was expected, and consequently took
no one BY surprise. New York waG
quiet at the increased price Of yester.
day evening, and all around the mar.
kets seemed to have q more healthy
tone. The cause of this change, can
probably be found in the crop reports
for August, none Of which are up Ia
the standard Of excellence anticipated
BY a large majority Of the trade
Locally we have nothing beyond the
ordinary street sales 10 report. There
are still no lists offered, though a few
bales occasionally hnd their way tC
factors tables.
miscellaneous.
The following important circular
from the Directors OF the New Or
leans Cotton Exchange, is published
for the benefit Of the trade generally
Planters and dealers will do well L
read IL:
NEW ORLEANS COTTON EXCHANGE.
New Orleans, Sept. 4, 1877.
ALLOWANCE FOR SIDE PIECES.
Attention Is called To annexed action VI
the Board Of Directors Of the New Or
leans Cotton Exchange, In relation 70 res
OlutiOn adopted at the fourth days SCI
sion OF the National Cotton Exchange Con
v%ention, liking an allowance Of eide piece
In all the American markets, viz;
"WHEARAs, The National Cotton Elk
change Convention on its fourth day
session at GreenbrleC White Su.phu
Springs, Virginia, during July, 81
passed a resolution 10 the effect that Of
all bales OF cotton With side pieces, an al
lowance Of three pouads per bale be mad
10 the buyer and
whereas, There no longer exists al!
legal necessity for the use II eide piece
on bales of cotton, and
"Whereas, Part Of the cotton crop Is nov
marketed with aud part without sid
pieces, thus making q relative difference
; In weight OF bales that cannot be properl,
allowed for by the buyer, therefore be II
"Resolved, That from and after the 10
day Of October, 1877, oil bales Of cotto
delivered In New Orleans-the sides q
denomlnated "slde pieces''-shall be sui
! ject to an allowance TO the buyer OF tire
> (3) pounds per bale for each and ever
; bale so covered"
The modification OF the law enforcln
theIuse OF side pieces, LEFT 1t optional wit
planters whether their use should be COT
tinued. The trade generally here an
! abroad are opposed to such continuance
! II ls urged that with proper handling, co
ton can be brought from plantations t
market In as good condition without
: with side pieces; and the customary con
I preston In our seaports OF the bales f
- SApuIb " utHtE mbIhGbut LgNuNHb kuCAA oAA
. so that side.pieces are worse than useles
being absolutely In the way.
II ls the common custom OF buyers Il
export to make allowance In their Gale
! latlons Of the actual cost Of cotton, for Il
} weight OF the bagging and ties, manufa
turers basing their contracts for supplylI
{ cotton yarns and cloths upon the net prit
j. Of raw cotton laid down at their mills.
!. The three pounds per bale for side piecl
! have hitherto been allowed for In the
L calculations as fully as has been Il
! weight Of the rest OF the bagging and Il
u lion ties, all OF which are OF use to the
after they cease to be q covering to Il
cotton.
IS Hence, the omission OF side pieces, (
/ which they have only apparently and n
" in reality been paid In the sale OF the
= cotton, Will be q direct and positive saviI
to planters, Especially is this the cas-
,,s as the use Of side pieces increases the co
" sumption, aud consequently, aids In I
D. enhancement OF the price Of bagging.
Ia By order Of the Board Of Directors.
HENRY G. HESTER, Sec'y
ID uOErON IN LIVERPOOL.
ID LIVERPOOL, Sept. l2.-Noon-COtt,
o. active and frmer. Middling uplanC
h 6 Lied; Middling Orleans, 81. Sal
n. of 1900 bales, 1000 Of which we
to for speculation and export. Receip
80 " II e-ka.L 100 uaaafoa