Vicksburg weekly herald. (Vicksburg, Miss.) 1868-1883, 1877-08-10


TIE following interesting extract i,
from the last circular Of Messrs. W. G..
Watts i Co. Of July Goth
TIE POSITION, ETC.-We have In sever.
al Of our recent reports pointed out that
spinners had reduced their stocks Of cot.
ton TO u low point. This week they have
purchased rather more freely, and.
90 far as we can discover, the only reason
for them to have done so was heir inabill.
tY to hold OF longer wi'uout stopping
some OF their machine The Liverpool
Post, an authority on this subject, in its
issue OF to-day says 1.-THE continued mod.
crate deliveries 10 consumers have given
rise 10 the opinion that short time has All.
ready been extensively adopted; but A
thorough examination Of the figures does
not bear this opinion out. II may be true
that some spinners have reduced the out.
turn OF their mills, but this was equally
true last year." The Post then gives a
table OF the deliveries from the lat ,Jann,'
ry to the 18th instant, this and last year.
and after assuming that consumption this
and last year, has averaged 9L,9OO,.
wv lbs per week, arrives at the cOnclu.
sion that spinners held on 18th instant
ABOUT J,UO bales more than al same date
tue year before, According TO our rup.
ming count spinners held on 18th instant.
as shown by our last report, 5000 bales
less than at same date last year, makipu
a difference OF 1900 bales between
cur calculation and that OF the pyst.
ms Inference grows mainly out OF tae
fact that whilst the Post estimates t1e
consumption OF 100000 lbs uer vol
We have estimated II at % CilUOO nEr
week. We would add that our estimats
IS only about ~ per cent. above the aver.
age consumpti II 81 last wear. and inas.
much as the Board otTrade returns SHOW
that Tue exports OF Goods and yarns from
Tue United Kingdom for the 4 Il hail T.,
tlis year were, as shown In our last -,
port, 90 per cent. larger than du,irg ths
corresponding SIX months Of last wear. Ne
can out regard our estimate as a reason,.
ne one. The difference Of 5000 bales i.
npMeivF' hot material one. The point Of
chlel interest to be observed is this. q,
tue Eta ~ July last year mIddling uniarI.
were quoted at 55,i, and althoIeb sIi,'
ners took the next week some l2tiO baise
less than their consumption prices wnr.
maintained ana the following four weeE.
sllnhtfs TOOK some 1000 bales more thai
!nel! consumption, and prices advance
3;lou per 10 for middling uplands.
mere Is at present an excessive SUNNY NJ
tle higher grades OF American cotton
IeFe as compared with the lower grades
DulliS the past eight weeks the advance
oh VIuIhaTy American has been about All
per ID, on middling 0.iOd, and ON miGjI,SSHH
lalr only I'd. Tue lower grades are n"w
ABOUT as ciOse IN middllng as we b,vn
gygr known them. The following tatIe
" "n, sAoM me quotations for the several
sIaues oi American uplands at this da,"
nhu Tue corresponding date of last year
Meanwhile fair Dhollerahs hava
advanced Id; lair Pernams IA, nd iai,
pl!ahs "a FER ID. This relative dear.
nes' OF lNe lower grades VI American anI
at.ats Is ne cAiel reason for the nrasar'
,utcty abo.t the Improbable state oitrSde
10 some departments at Manchestnr. Is
,ati d. We are able to judge by current ua".
tatloh', We should say that pfoincers W.
those classes of goods and warns ySi'
ade mad from the better grades Of AmsTin.
Gah cotton are making rather larger MOI
rvs 'nah one year ago, willis. those wS"
and perbo"s n5 sraues are doing no better,
this date. va 10 'as' year