Vicksburg weekly herald., 1878-04-19
FINANCE AND COMMERCE.
ORFIcB or ruB DAILY aBRALD,
" gDNEsDAY EVENING. April II, 1915.


ernment, says:
The price was lk per cent. higher than
any other bid and | 4 per cent higher than
the banka bid. The sal0 will give 10 the
Treasury all the coin that Il will need for
resumption, and, barring Academia, re.
sumption Of cola paymentsm now be re-
an enlargement Of the currency and better
times for all classes. Accordingly, 90 soon
as the news found its way into the Stock
Exchange, the market there became buoy
ant, United States bonds we're strong, and
the negotiation will, without doubt, have q
favorable eject on United states bonds In
the foreign markets. II 1t only has the
eject Of checking bond shipments to this
country, II will do all that IL needed to
make resumption certain. Gold ruled at
0C3S9l0cN.
In 3 double-lsaded editorial article
the same journal says:
The negotiation secures for the Gov.
ernment $50, 0OO, 900 OF gold coin TO be add
ed to its resumption reserve, thereby
realizing q larger gold balance than was
generally anticipated. Should the present
rate OF trade balance be continued through
the year, the Treasury may be able TO
withdraw this amount Of coin into it's
vaults without affecting the portion OF the
reserves Of the banks; but in any event,
the arrangements With the syndicate are
such 90 TO secure the money market
against Inconvenience; that is 10 say, IL
the payments into the Treasury should
threaten embarrassment TO the banks, the
Treasury would increase its deposits in
the national bank deposit1rleS. or other.
wise make its funds available for market
use 90 far as may be necessary,
II may be reasonably hoped that this
Official recognition OF the duty Of pFepar.
ing to honor the demand claims OF the
Government creditors will contribute in
come measure toward undoing the mis-
cniet done 70 the public credit By the I'm.
prudent silver legislation. The silver bill
has undoubtedly produced feeling to-
wards resumption, which makes II, under
all the circumstances necessary TO pro.
vide larger coin reserve In the Treasury
than would have been required otherwise; |;
and the negotiations OF yesterday af)rd
the assurance that q very large reserve
will be provided. The announcement had
beneficial effect on the Wall street mar
kets generally.
GOLD AND STOCKS.
SKw ORLEANS, April l7-Gold l6@55.
New lOrk sight Il premium Sterling,
bank, "a SSl6.
NEW YoRK, April lL-Noon-Gold
opened Hc. Stocks active and trm.
Money 8. Exchange: onR, "a 56
short, "a sSJ[. State bonds quiet,
Government securities steady.
Evening--0old closed tl-mer, 4 CSC
Money easy, 4@5 Sterling steady, 8.
Government securities steady; new s.,
Az. State bonds dull.
Gotten
Tha markats to-day wtre worse and
worse. Liverpool was cab.ed as ve'y
IA for spots, aud weak on arrivals
with still further decline OF 1921 ou
the latter.
rev York lost Lie: on the opening
Of he spot market, snd lower tor IA.
lures. New Orleans closing iSc und.r
thr ruling prices .! yesterday, with
every thing operating Ia buyers fAvor.
Locally, the business was Of II haud-to
mouth character. rha supply being
light with but minimum demand
Transactions embraced but few
bales at prices below yesterdays rates
the trade generally being Of the opin.
ion that the business Tor this season is
virtually over with.
Miscellaneous,
The latest circular from Messrs.
Smith, Edwards & Co., of Liverpool,
says; "The visible supply for England
is still $4,000 bales below last gear
and spinners hold nothing. We see nc
prospect Of this being made up. II the
American crop TURNS out 100000 we
may get $50 900 more for the rest OIL
the season, but Bombay is not likely
to give any excess." These figures
though correct, should prove but a
email mOrsel OF comfort to the "bulls'
inasmuch as they have been known al
along, and in the very face Of the fac
of so large a deficiency, prices have
steAdily declined during the greater
part OF the season. Statistical fact
prove nothing when counterbalancec
by the miserable state of trade which
has ruled, aud is ruling all over hi
world. That too much cotton has beel
made for the present requirements o
trade, IL evidenced BY the almost per
feet stSgnatien which exists 10 all th,
leading markets Of the continent anC
America.
The Continental Telegraph Company
is the next one, which is to be forme,
we suppose for the purpose Of selling
out 10 the Western Union.
COrTOR IN LIvEKPOUL.
LIVERPOOL, April 7.-Noon-Cotto,
very haL Midding uplands, 5 Is
led; Middling Orleans, 6 3 led. Sale
5000 bales, 800 Of which we're fo
speculation and export. Receipts. 8,
300 bales, all OF which we're Amer
eau. Futures opened weak. Sales o
middling uplands nothing below lov
middllng, delivered April and May,
l3.l6d June aud July, 5Td; July AM
August, l5.l6d; August and Sep
tember, 500 3l.32d; October aud No
vember, 5 l.32@6d.
l 200 p,m-Middling uplands,5 Is. .l6d
middling Orleans, 8 3.l6d; low mid
ding uplands, SD; good ordinar
uplands, SD ordinary uplands, AID
2:30 p.m.-Ssles of middllng upland
nothing below low middling, dellvere,
April, 5 1854; May and June, 576
5 27.32d; July and August, 5 29-32d
gantpmher and October. & | 30l.