Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1857-09-09

| COTTON.-We copy the following marks from II e
Annual Statement of the New Orleans irice Current
1 of the 1st inst
With respect to the quality of the crop just dis
posed of, have TO remark that the early receipts
| for some time did not compare favorahly with the
receipts in the corresponding period of the previous
year, when, by the way, the quality of the early
| pckings unusually good, the crop being very
| forward one, as indicated by the unusually large
receipts in the month Of August In most instances
they deficient in staple, color and ceanness,
but this attributed partly to the effect of tie
August storms. Early in September, however, the
receipts began to exhibit marked improvement in
qualify, and for some time they presented
sually high average, scarcely any lots below Low
Mddling having been received up to about the mid
die of October. Then the low grades began to ap-
pear and they subsequently constituted an unusu-
ally large proportion of the receipts weighing
heavily the market during most Of the period and
sometimes being wholly unsaleable, as the main
demand of the season has rUu upon qualities
ming from Low Middling TO Strict Middlng. 1t may
be remarked that the receipts for the season have
embraced larger proportion of Usry lou Cotton
some Of it positively trash than has been observed
sRce the storm year of lS4j-46 Decidedly the
most Objectionable feature has been the dust and
sand found mingled with the Cotton to an extraor-
binary extent, and such complaints of loss have
been received from the manufacturers who have
tested lots of that character that in future they are
likely to be almost wholly unsaleable, only dis
posed of at a much more marked difference in price
than has prevailed during the past If this
evil, and another to which have often called at
tentiOn-he mixing of several qualities in the
bale-can be avoided by more in the gathering
and picking of the CROP that care will be well be-
slowed.
The course of the market throughout the entire
season has been upward, until the advance realized
on Mddling within the year reaches cents per
pound, the opening rates being l69ll4 and the co
sing l5al54 cents per pound. The average price of
the for all qualities we find TO he l29 GEMS
Ter yound against cents last year and LILO cents
the year previous.
The question of crop has now attained an interest
and importance never before approached in the his
tory of the Cotton trade. With the comparatively
short crop of the past year the old stocks have melted
away, and consumption has absolutely Overaken
production; state of things which is fraught with
startling interest," especially to Great Britain In
der these circumstances the prospects of the grow
ing crop are watched with absorbing anxiety by
the British community, and an anxiety not a little
peTplexng, we may well conceive, after, the signal
disappointment of their hopes touching the extent
Of last years CROP based upon faith in some OF the
New York estimates. This question of crop Is one
which we have always touched with great caution,
and we can only speak in general terms Of what we
understand to be its present prospects. We will,
however, premise that beyond a doubt preparations
were made for the largest crop ever grown. There
every motive for such course and such is IN
ueTSIOOu 10 De Ine ldCI a TeHldIhdbly ldfOldDAc
early spring caused unusually extensive early
planting and this much exposed to the frost Of
The 9Th April, and XII led. Another killing frost
occurred the 18th April and still another and the
most severe on the 23d. This is the latest ki5iiag
frost, considering the iition of the plant, that
has occurred since 1S49 when with killing frOss on
the 18th and 10th April the crop less than that
of the year previous in the amount Of 632OOO bales
These successive frOss and subsequent unseasonaby
cool weather put it beyond doubt that the crop |
must be late one, and it was said that IN some |
sections the land was not replanted to the original
extent for want of seed. At last, however, good
''stand" was understood to have pretty generally |
obtained AID since then the plant is said TO have
made good progress and to present fair promise, |
though there were complaints of too much rain IN |
sections at the close of July and in the early
part of August. The ateness OF the crop, however,
is now an assured fact, and hardly believe |
that even the most favorable future circumstances
fully compensate for the loss of three or four
weeks of the early picking season. What the ex- |
tent of the crop may ultimately be is, under the |
peculiar circumstances, matter of even more IN |
certainty than usual at this period of the season.
Whatever it may be, however II cannot exceed the |
wants of the world and without the interpostion Of
some great disturbing it. would seem assured
of ready market at hi cher average ofprices
than was realized the past season. In calculations
ofcrop it should be borne in mind that the interior
is nearly bare of stock and that the supply is TO be
drawn almost exclusively from the product OF this |
year. 1t may also be well to remember that the |
large crop of 1886 was an unusually early one,
nearly % 900 bales of it having been received pre-
vous TO the 1st September; about treble the |
quantity received up to that time in any previous
year; and it should further be remembered that Of |
the total crop of 1921, 900 bales it es mated
that only about 100000 bales were the growth |
of1855.
On the 18th August five bales of the ns'0 crop were
received from Texas; being exactly month later
than the first receipt of last year, which also
from Texas Three Of these bales, proving Of good
color and staple, and CHASING Good Middling 10
Middlng Fair, were promptly sold at the fancy |
price of Is cents y ID, for shipment to Liverpool
The first arrival from the Mississippi valley was on
the 23d August two bales) against 9th August last
year; but these were evidently immature, being |
poor in stable, badly gn-cut, &c. and the few strag-
ling bales that have since arrived have been mostly
of similar character. The entire receipts of the
new crop only SO bales, against ll66 bales last
and % 282 bales the year previous OfcCurse there
FORE there has been opening of the market upon
the new crop, and the season closes with q stock
unsOd of some 5000 bales, consisting almost wholly
of the low grades Of old crop, for which few or no
buyers have appeared for some time past.