Vicksburg weekly herald. (Vicksburg, Miss.) 1868-1883, 1878-03-08
FINANCE AND COMMERCE
OFFICE OF THR DAILY HERALD,
WEDNESDAY, EVENING. March ., ISIS

WEDNESDAY, EVENING. March i, Isis.1
Wednesday could not be expected to
urn out otherwise than q quiet day,
and as such, expectations were not dis
appointed.
Merchants, generally, found time to
talk over the EASTERN question, aud the
recent settlement, as we'll o. ChicagO's
pork prices, aud the various influences
brought to bear on the price Of cotton.
Theories are p~srdOnsble during dull
lines, and he who stumbles upOn the
truth lie dOubIy pardOnSble for assert.
ing that his genius, or business fore
sight, prompted him into the true path.
Further than q heavy line Of deposits,
with q lair demand for exchange, there
was nothing doing at the banks, the
day wearing itself away in the usual
quiet manner, aud resembling the
many which have gone LefOre, aud we
fear also, many which are to follow in
the future. A ray Of nope comes from
New York, however, in the way OF a
business revival. We extract from the
New Orleans Times the following,
which but carries Out the idea ~ Often
expressed, that middle.men arc being
di.c4rded and the III aud pro.
ducer coming in closer contact with
each other:
"The opening OF Spring has, for
sorne days past, been sigaalIed By an
unu,ual rush at the hot,l', as well a
By increased business If whole-ali aud
jobbing centres. Country merchants
IN large numbers are arriving daily,
and preparing for their tpriug pur-
chases. Almost all, aud especially
lose from the West, complain OF the
unusually mild weather OF the winter
months, which, they say, has stood in
the way Of their getting rid Of their
heavy goods to any extent. Individ
ual s~hopkeepers who laid Ia large
stocks OF wooden blankets, etc have
suffered severely.
The early warm weather, however,
has undoubtedly pushed forward the
spring trade at least 4 fortnight earlier
than usual, and created considerable &C.
tivity in branches Of businefs which
are usually dull until the end OF March
or ever later.
"In several OF the large hotels /, il
noticed that buyers from Western
houses, who used to stop at New York
. givs their orders, now 20 on TO the
East and buy direct OF the msnuiict-
urcrs. The increased competition in
al branches Of business has resulted in
bringing tho IN Enutacturers anl retail.
ers much nearer together than former.
ly, aud instead Of goods passing
through half a dOz u diffcren! bands,
AZ was tho case ten or twelve sears
ago, they nov 70 through Two Of at
mOat only three.
In addition to the regular business
and travelling element, tho pleasant
weather has tempted q large number
Ut visitors from the country, who dill
the IheAiers aud other places Of amu9e'
menl, and Contribute a large amount ia
the floating trade Of tho city. All
Dhing4 considered, the prospects a'
good for a business season far above
the average OF past years"
aULD N BFUOKp
LoNDoN, March 6--COnso =, Us 8
led.
Yrw DRLEANs, March 6,--Goid,l IN d
@lA. New FORK sight par. Sterling
DAuk, 81 Civ.
Nxw IOHa March .. -NOao tue
oaGoad ala. Stocks opened strong
Mouey 4. Exchange ,Omg, 81 "a
,hv,', 81 50. Government securi ie'
strong. State bonds quiet.
Evening--Gold closed steady, Ia
MoHcy active, b, Sterling drm, 1
Government securities firm new 5'a
81. State bonds steady,
Stocks closed strong: New YorE
Centr |, 81 O5A; Erie, SO; Lake
Shore ,96h Illinois Central, Tla Pits
burg, 66H; Chicago and Norm Wost
ern, 37hc, preferred, 65Iec; Rock
Island, lOA ; Western UuiOn, TN