Vicksburg weekly herald., 1877-08-03
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FINANCE AND COMMERCE.
OFFIcK OF THR DAILY HKRALD,l /
lnNEanAN ENnNrNn Amr 1877

"WEDNESDAY EVENING. Aug. l, 1877. 7
The weather continued of such q de-
cidedly hot character in the morning,
that locomotion was hardly 10 be ex.
pected. The streets were thinned out,
too, by the departure of the Conven-
ticnlsts, county people being confined
at home, and interior dealers little dis
posed 10 make purchases even If they
were here. The day passed ss stupid
ly dull in fact as any single day this
Summer.
The banks, like the street brokers,
report nothing doing, though the de.
mand for money is unabated, the sup
ply being very greatly less than the de.
mand.
Scrips, both county and city, are in
q sea of flats. The market remains In
q perfect stsgnant condition, little
being heard Of either parties who wish
10 sell, or those who would like 10
buy.
LONDON, Aug. l.--Consols "a ll-lGd.
NEW ORLEANS, August l.-Gold 5JS q
5E. New York sight 4 premium.
Sterling, bank, IS l2ja.
NEw YORK, Aug. l.-NOon-Gold
opened at 53S. Stocks quiet. Money
1IS. Exchange: long, "a So; short,
81 S7lS. Government securities steady.
State bonds quiet.
Evening-Money easy, Il a@2. Sterl.
ing, steady, 6. Gold closed dull and
frm,53S. Government securities steady,
new SIS, IL. State bonds duh. Stocks
weak.
sUB-TREAsURY BALANCES.
Gold, $50, ,702, ,225; ; currency, $50, ,4i3,.
STA. The sub-treasurer paid out $702,-
coo for interest, and S425,000 for bonds.
Custom receipts to-day, $4,000.
Cotton.
The New York Financial Chronicle,
in its review of Messrs, Ellison j. Co. s
Circular, Of July 9th, after publishing
the table of the European movement OF
cotton from January lst TO June 30th,
compared with last year, says: From
ii; foregoing it appears that the TAX
ings by spinners during the month OF
June have been 4j0,Sl9 bales,
against 409, 1886 bales for the same month
OF last year. Through the balance
Of the season to October l, II the polit-
ical situation in Europe remains un.
changed, there is likely to be q constant
small increase in the takings compared
with 1876. This conclusion seems in
evitable, since spinners' surplus, which
on the first OF last July was $4,000
bales, was on the first of October fOl.
lowing reduced TO 100000 bales, they
having taken during the three months
about 100000 bales less than their actu-
al consumption, whereas this July
spiuners start, according 10 Mr. Eli.
son, with only 10000 surplus, and
with an increase in consumption, com.
pared with last year, Of about $4,000
pounds per week The spurious sur
plus Is shown by the same circular, for
the same time, TO be 10000 bales al
present, against $4,000 bales for the
same time last year.
The statistical position Of cotton is
said on all sides TO be stronger than FOL
wears, and ii seems difficult for dealer,
10 reconcile the continued downward
tendency OF the market with these
views. Antelope, however, In spec
ial dispatch to the Picayune, OF yester
day, intimates that serious troubles are
anticipated between the Great Pow
ers, causing the decline in Liverpoo
on cotton, aud adding to the price 0
gold. Cotton aud gold should 90 hant
and hand, but It seems that withou
any concert of action between them
one rises and the other falls.
COTTON IN SEW YORK.
NEW YORK, August l.-Noon.--Col
ton dull aud easier. Middling uplands
l2c; Orleans, l2lsc. Sales ~ bales.
Evening-Cotton dull. Upauds
l2c; Orleans, l2isc. Sales jGS bales.
Consolidated net receipts, LII I bales
Exports to Great Britain, &c, ,260 bales
10 France, 1852 to the Continent, 1, ,l0j
ReCeipts: Net, - bales; gross, So
bales.
The following were TIE changes il
New York futures: