Vicksburg weekly herald., 1878-03-29
FINANCE AND COMMERCE
OFTIcE OF TIM DAILY HERALD, |
n FEDNEgDAY EVENING. March lG. 1873.

A heavy and much.needed rain visit
ed us about noon to-day. There was
little restriction placed upon business
matters by II, as all departments had
been working In decidedly hand.to.
mouth manner. Washington alEesi, as
well e the heavier houses 0f Mulberry
and Levee atreets, concur In the state
menI that The day wac intolerabl5 dnll,
out good spirits prevailed from the
lack OF dust which has proved such
nuisance for the past week.
The New Orleans Picayune, 10 its
commercial column, discusses the eff
fects Of the return Of 80 many bonds
from abroad, and argues that in the
event OF the balance Of trade being
turned against US then we will begin TO
feel some Of the i'll effects Of the silver
bill. The Picayune says: "The COM
mercial balance Of trade has been ln
our favor 10 such an extent that had II
not been for It's being liquidated by
these returned bonds we would prob.
ably have received this year from
abroad hardly less than one hundred
millions in gold coin. When the bal
ance Of trade in our favor is entirely
covered, the proceeds Of bonds sold In
New York will necessarily be remitted
In coin. Whether 1t be gold or silver
will depend upon the market value OF
silver bullion. 1t is possible, however,
that 1t will be gold, as the supply oi
silver under the slow progress In coin
ing at the mints will necessarily be
moderate, and the silver coin being
wanted for currency, will be worth
more ct home than lite intrinsic value.
This, however, 10 Q matter of little I'm
portance compared with the gravity Of
the evil of our absorbing from our own
resources so large an amount Of these
returned bonds tnat our active capital
will be correspondingly diminished,
and currency contraction be the inevi-
table consequence. This will cause
severe disappointment at the West,
where infl alton instead of contraction
has been regarded as the natural result
the silver bill"
GOLD AND sTOCKs.
NEw ORLEANS, March 27.-Gold Ia
@lK. New York sight par. Sterling.
bank, 81 SO.
New YORK, March 27.-Noou-Hon
opened at l. Stocks strong and high
er. Money 4. Exchange long, "a S6A
short, 81 SS}4. State bonds quiet.
Government securities strong.
Cotton.
Liverpool reduced quotations l.l6d,
with dull and easier market, though
q corresponding reduction did not oc.
cur 10 any OF the American market,
New Orleans closed quiet aud easy.
New York weak TOR spoIs, futures be.
ing steady, at about to 2 points below
yesterdays closing prices. Locally,
sales amounted 10 275 bales, comprising
but two lots, at prices requiring a mod.
iflsaliOn Of our prices 80. We quote
as follows:
Ordlnary,,' ''' ''''''''''''.''' ''. -.
Good Ordinary. ................. ...,. ~
Low MiddlinH ..,....., .,s,..,,. ...,..
mlduIlngt ............,....',. .. ..''.. w
Good Miudllng .....''....,,......'''. ~
The movement at this point taken from
the Exchange boards, and ending at moon
to-day (is as follows:
Stock on hand September let st........ 29l
ReceiptB to-day .................... 1T
Receipts 80 far this week, ... ....,.. -;
Receipts thus far this week last year 90
Receipts thus far thls year. t2,Bit
Receipts thus far last year ..........62, ,3O'
Shipments to-day ................. o
shipments this week .. ........... 69
| an In THE vaaF 40 l0
Shipments 90 far last year ......... 40, '
Stock on hand ....... ..,...... 3,Ti
Stock came time last year ............ 3,Bi
The Exchange boards make the receipts
at the ports as iOllOWs:
r To-day ending at noon ..... ,...... ll,3!
same day last week. 1883
same day last year ..,....,,..,...,. 40
This week so far ................... 10 80
! same time last week .......... . E. 20 "
Same time this week last year.. 22,2l
? IOtal last week ..s ....,...,..,..... 20 ~
Total this week last year .. ....... 25,9s
, Total since Sept. lst this year . 1853, ,0O
Same time last yeaT,...... .......3, ,I0O,0i
D Increase since SeIt. lst. .....,....l l5s. %
e COrTUE IN LIVERPOOL.
= LIVERPOOL, March 7.-Noon-Cotto
dull and easier. Middling uplandl
i 5 l5.l6d; Middling Orleans, 6 3.l6t
Sales 5000 bales, 900 Of which wer
:, for speculation and export. Receipts
1900 bales, $500 OF which were Amer
y can. Futures opened at 1924 cheaper
Sales Of middllng uplands nothing bC
y low low middling, delivered In Marcl
u 5Xd; March and April, 5Td; Apr
r and May, 5 % 32d; May and June,
T. 10 led; August and September,6 lie,
u 4O0p.m.--Sales of middlingupland
nothing below low midding, delivere
O. June and July, Cd; new crop shippe
,,e in February, by sail, 5 Is l6d; A r
T. and May, Cd.
20 OOTTON IN NEW YORK.
NEw YoRE, March 27-Noon-Cot',
l. weak. Midding uplands, l07Sc; .
~ ! leans, lie. Sales j65 bales.
"a Evening-Colton weak. MiddliT
ID n uplands, 1919; Orleans, lie. Sales
n. 404 bales.
., The following were the changes
M New York futures:
at MONTHS OPENsD. CLOSED,
III ian ,,,,Y
he Feb......
he Mar, iOSl@lOs3