Nashville daily patriot. [volume] (Nashville, Tenn.) 1855-1857, 1856-01-17
COM NJ ERCIAL.
DAILY PATRIOT OFFICE,
A.-ttvrTtE Tap lie


During the past week there has been but little
done in the way Of trade, the unusually Indictment
weather having put stop to almost all kinds of
business.
C0TT0N-There is a good demand for Cotton,
but the receipts and sales continue light We
quote good article at Z to nc.
GRAlN-There have been no transactions for
fortnight ia Grain, and we give no quotations at
present
GROCERIES-The Grocery marke: has been
more active than any other Of late but the sales
have not been heavy even in it. We have no
change in prices TO notice.
[See table of Prices Current
Cotton Observation-Disclosures.
We find in the Savannah (Ga) RepuJlican Of che
18th copy of The Circular of NELL Bros. & Co.,
of New York, forwarded to Liverpool by the steam
er Pacific. We repubish portion Of as follows
New YORK, JAN g. 1856.
Per "Pdcifc"l
We would submit few remarks upon the sub.
ject of the extent of the Cotton crop now coming
into the ports, as the picking out, ginning aud bal
Ing up, are now so far completed to permit more
trustworthy estimates to be made than hitherto
In general terms it Is, however admitted in many
districts, that the crop will exceed the last by 20
pet cent, while In some quarters an increase of
so per cent. is spoken Of There are there
fore, many now beginning TO believe in an average
increase Of 90 per cent over the whole country a.
not improbable. Let us see what this would figure
up. OF last crop there were . SAL, 600 bales deliv-
ered and about 200 900 held over on the low rivers
an aggregate of say, 1880 900 as the crop grown.
To this adding 90 per cent would give yield, this
year, OF 8 $50 600 bales grown, and If the 100000
bales held over all reach the ports, an aggregate
delivery Of 3S60,000 bales. This is confirmed
by another method of calculation-eomparison with
the crep of 1898. 1t amounted 20 {. 26O 900
bales, but for several years past the smallest In
crease OF the breadth Of land under Cotton was
per cent. per snnum down TO the present season,
when the increase has probably gone into corn.
Thus, there would only be two years increase IN
stead Of three add TO the crop, assuming that the
growth has been no better than that year. Bnt 10
per cent 1.-THE two years Increase. added to g. $780,
600 would give crop grown Of 3, $50 900 bales 20
which adding PA, 900 for oil Cotton held over.
would give total delivery Of S,SO0, 900 bales.
II is of course, questionable IL all that is in this
country will get down TO market within the Cotton
year, bat il certainly will, if there be continuance
of such rivers and such prices as at present, and
unless interfered with by change Of these circum-
stances, il will not be surprising il We find the ex
cess OF receipts over these of last year. run up to
million Of bales by March. Till after that month
last season. the receipts were far short OF the fair
proportion Of even that deficient crop being only
CT per cent Of the total against an average Of III
per cent for the previous SIX years aud against S04
per cent. in 1880, per cent in 'b2-3, Should the
receipts by the end of March, amount to only so
per cent. Of the above estimate OF crop they would
reach 100000, against $3.50 last year TO
same date. An excess OF 1877, coo, and for this
delivery OF $40 900 per week from now Till 27Gh
March, would suffice. This would probablg lead 10
estimates as high as four millions of bales, being
generally received for time. which would be after.
wards reduced by falling OF during the Spring
months
We do not wish il to be understood tina, we are
vet prepared TO adopt such large figures as 8, 500,
600 bales as our estimate hat think the grounds
upon which they are founded are plausible. and as
al Is nov favorable TO rapid delivery, and enough
Of cotton Is already shipped to ill up the gap in
European stocks NE think there Is every reason
why BUYERS should pause and secure lower range
OF prices before resuming. With very deficient
stocks and moderate shipments hence, there has
been good reason for the value OF Cotton being so
well supported a. Il has been-and A. We have,
IRON the FIRST shown that Il bet with the facts
reversed, the course OF prices will probably be
versed also.
We have now, in favor, OF decline, an enor.
nous crop actually made and housed, high and
rsug rivers al all points, the great vacuum ia stocks
which has lar supported prices TO great extent
Elled up. chs actual receipts. by telegraph. at the
ports. excreding all precedent amounting TO no.
600 bales al New Orleans and Mobile alone for the
seek. aud probably 20 l4oal6o, 600 ataI ports and
10 addition large quantity OF Cotton now shipping
20 Great Britain tie number Of vessels loading
thther AZ our SoulhsFn ports. having rus up 70 %
sgant "a al the correspondi period last year.
Under these circumstances We cannot feel much
confidence IN the niantainsuce of such prices nov
prevail al the South. hiadiug being qposea ST as
New Orleans, Ste az Mobile, aad 81 70 y. at Char
lesion ahd Sayannah. and We thlEk sc Gay safely
hold Gus to y0u the prospect Of orders At much
lower prices being sxeeatsd N the course Of the
Spring.
We are Jour hishisl servanss
AElIL Bk0s 4 Co.