Vicksburg weekly herald., 1878-04-05

can only beObtaihed on even running
lots Of desirable kinds:
00IulhSry;.'...' 80 '...'...'..,........ "
Low Middllng ,..,.............. ....... ~
AIuulnk .....,.'.,..,,..,... ...... ... AN
uoOu MlddIlng ...............,........N Nss
MISceIIaneOus.
We are permitted to make the fol-
lowing extract from a private letter
from New Orleaus 10 one OF our cot
ton dealers. II gives rather an nm.
wholesome view Of the situation, but
is from the pen OF chronic bear,
though the writer Is well posted, aud
has given the subject much attention.
lie says:
II Is unfortunate that lust at this iunc.
ture, when there is ~ much excitenlen, in
co ton circles, that should n / have had
time to drop you line, but II IL the neces.
sary OutgrOwth ut the situation
NY idea Is and has been for some time,
that cotton 10 too dear, and that IL must
come down to figure which will put IL at
about q parity with all other ARTICLES al
consumption. This, to my mind, will
bring IL down to Rblut ten aud a quarter
or three-e ghts cents. Ia New York, and
until it gets there, think 1t dangerous 10
operata for an improy, ment.
Ol the influence which the polite II
sltuat on 10 Europe will nave, / 90 not
think there Is any dOub. The only thing
to be nsidered is the length OF the dc.
preston which II will cause, and the eY.
tent OF the deCllue which IL will force upOn
tton. On these points there In a great
difference VI opinion. some pAIties think
that II will send the market down % eight
or eight ard q half cents, but must beg
to differ from them on this point. Id not
think that II will 90 below nine cents, il II
goes that los, and furthermore | do not
believe that the depression will last long,
but, on the contrary, war being declared
the uncertainty will haV ended, and after
the elects Of the 6rst staggering blow is
over, a reaction will Sc; 10, which, in irs
magnitude, will more than surpass the
raptdlty Of the decline
The remarks here made are of course
based upon the belief that collision be.
tween tie parties h the dispute is an as.
sured thing. should, however, tneFe be a
peaceable Arrangement, the possibility OF
which I doubt, the c ,nditiOus will all be
changed; cotton will advance rapidly un.
der the stimulus thus glyen. out the in-
provement not having u solid foundation
upon which to rest, will soon be lost,
prices will fall, and weighed down by duh
trade, an over-supply Of the raw material
and the prospects OF another large crop.
will sink TO hgure below anything get
talked OF.
COrTOF IN LIVEKPOOL.
LIVERPOOL, April 8 3-Noon-Cotlon
fair demand which il freely met al
previous prices. Middling nplands,
I'D; Middling Orleans, sgd. Sales
10000 bales, 1000 OF which were for
speculation and export. Receipts, s..
$50 bales, 500 OF which were Ameri.
can. Futures opened partially 1920
cheaper. Sales OF middling up.
lands nothing below low middling, de.
livered In April, 52<d; April aud May,
5Ad; May and June, 5 25. 32d; June
and July, 27-32d; July aud August,
5T d new crop shipped In March an
April. by sail, s l3.l6d.
200 p m.-Sales OF mIddling uplands
nothing below low middlug, delivered
April and May, 5 23.32d.
4 200 p.m.-Sales included $1,000
bales American.
500 p.m.-SaIes of middling uplands
nothing below low middling, new crop,
shipped in March, by sail, 3 l3 lGi.
Futures closed dull.
COTTON IN new YORK.
Nav YoRS, April 3.-Noon-Col,on
dull. Middling uplAnds, 10 9.l6c Or.
leans, 10 ll.l6c. Sales 507 bales.
Futures opened steady, as follows
April, 10 6l@l063; May, l060@l062
June, l0.7O@lO72; July, loSO@l0S2
August, 10 So; September, l0.73@l075.
Evening-Cotton quiet and steady.
Middling uplands, 10 9.l6c; Orleans,
10 ll.l6c. Sales OF 307 bales.
Consolidated net receipts, 40, ia bales
Exports: 10 Great Britain, 81 ,2l4 bales
to France, 1880; to the Continent, 2I,.
1923; to the Channel, 1870.
UOTTON IN NEW ORLEANS.
New ORLEANS, April 3.--Cotton
demand steady, with sales of 60C
bales. Ordinary, 7jGc; good ordinary
SIC; low middling, 9C; mid.
ding, loo; good middling
l0N j; mlddling fair, 1lNC. Receipts
, net, 2,IS2 bales gross, $500. Exports
to Great Britain, 565l bales; 10 the
, Continent, 1880; COastWlse, 3,45s
: Stock on hand, 247, $40 bales.
; aRNnRAL MARKETS.
| NEW ORLEAEs, April 3.-Floul
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