Vicksburg weekly herald., 1877-08-10
FINANCE AND COMMERCE.
OYYIcE OF THz DAILY HERALD,

Tue WeAlueE WAS CeEthluly mOEe plbAss |
ant than any day for some weeks.
Our exchange list just now is fur.
nishing little in their commercial de. |
partments, except the consequences OF
the late strikes, Its causes, and the best
manner to guard against its repetition.
The New York Bulletin, though q con-
tractionist from principle, gives in its
issue Of August 9th the following sem
sible cause Of q great many difficulties
that could be easily avoided. 1t says
"The men who In political conventions
now rally round the workingmen
with offers OF all sorts OF impossible
help arc the very class who have
ruined the business Of the country by
the creation Of enormous public debts
and 0y the imposition Of taxes exceed
ing those Of any other nation. 1t Is
they who have voted away the public
money for worse than useless expendi"
lures and now that bankruptcy has
prostrated the nation and that the iron
trade, the coal trade, the railroads,
and in Q large measure the manufactur-
ing and mercantile interest are impover-
ished beyond oil precedent in the his
tory of the country, these men have the
assurance to tell the workingmen that
capital is expressing them and that the
Government must stand between them
and the capitalist class TO see that jus.
tice is done. Ii capital appears to deal
hardly with the working class, It is be-
cause capital has been taxed and wor'
ried by the political element until 1t
can no longer employ labor at q loss.
The country now bears fully three
thousand millions more of public debt
of various kinds than 1t did fifteen
years age aud to provide for the one
hundred and eighty millions Of interest
on this debt, as we'll as to cover triple
increase of ordinary public expendi-
tures, the toiling millions have to be
subj ected to constant levy"
GOLD AND STOCKS.
NEW ORLEANS, August S.-Gold 5lS g
81. New York sight d premium
Sterling, bank, IS 1913. .
NEW YoRE, Aug. S.-Noon-Gold
opened at 53s. Stocks dull. Money
2. Exchange: long, "a S5Ia short
81 81. Government securities weak
State bonds dull.
Evening--Gold closed dull, at 81
Money easy, 1892. Sterling dull ant
steady, 5IG, Government securitie
frm; new SIS, 97S. State bond
steady. Stocks strong.
suB.TREAsURY BALANCES.
Gold. S90Slh all currency, &60,S09
206. The sub.treasurer paid out $Sl
COO for interest and s4SS, 600 for bonds
Custom receipts to-day, S24l, 900.
Cotton,
The New York Bulletin, Of the 9th
in it's cotton articles, gives the positio
of that market in the following; 9Th
business doing in spots was moderate
and the demand without new features
The only buyers on the market wer
spinnere. and while they have probG
bly taken q lrihe more than usual fl
Saturday, there Is no inclination 10 in
crease operations beyond the line
current consumption. The Offering
have been very free; indeed, in son
cases quite liberal, here and there
holder showing much fight, and und'
the pressure to realize, prices weakenC
all around, with the result to be foun
in A reduction Of 3-l6c on quotation
For future delivery, the market, If n,
exactly panicky, was pretty badly d
moralized again, and another serio
break has taken place on values. The
Is a close holiday in Liverpool, al
in the absence OF cable news 1t W
thought would hold the market steat
but contrary 10 calculation the openii
was weak, and sellers more plenty tn
buvers, About an hour later the a
nouncement of the failure OF quit
prominent operator on the setllemC
Of differences added still further to I
weight, aud under the alarm there "
an unloading right and left, which sc
values of with whirl, and gave m
ters q decidedly slack tone all aroul
though naturally the nearby optic
suffered mOH. Later there was 4 sill
rally. but 1t was simply HE natu
rebound, and the noticeable feature
tie entire position was the general
.rpce OF cUntiirnCeiu purchases beyC
.uch as might be useful in covert
There va, decline OF l6@ % poini'
one time, with recovery 10 l3o
points under yesterday at tho cl'
viii lie tone called steady.
COTTON IN LIVERPOOL
NERrooL., AugustS,-N Noon-Cui
opened dull and easier. MidGiing
Ianls, 6 l-l6l midding Orleans, o.
Sale. 1000 bales, 1000 Of which "
for speculation and export. Recei
1880 bales $50 Of which were Am
can. Futures opened qIiet at
nights priccl. sales OF mi ldling
lands nothing below low middlng,
livered August and September, 5
u 32d; September Il October6d; OctC
and November, I'D new crop, ship
October and November, by sail,
November and December Cd.
5p.m.-Sales include 5,2OO Ameri
Futures closed dull.
COTTON IN NEW ORLEANS.
New ORLEANS, August S.--Co
dull, with sales of lOj bales. y
ordinary, "a CLOS low midi
l0%@l0Rc; middling, lOis@