Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1858-01-10

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three million i've hundred thousand bal.s - .o y
remuneraIng profits to producers and traders Tg
we dedDob Ehe Consumption Of one million boIes -
Would seem amply sufficient to Compensate FOR he
loss Of consumption consequent uooD the sscol 5e
rangement Of the times '-'' '~s'Ai us-
There can 6e no doubt now about the extent oftbe
crop that VIII reach the market Of the eountrv nv
the lst Of next Semptemhar-it ,sr,ot oon.i' -. -
million five hundred thousand bales If the facts Of
past years give rs anyinsiPht into the f,tura TIE
crop is already more than four hundred and tyvantv
five thousand bales less thsn 1t was LAST wear M this
time, and every revolving week seems 70 TnaEe tho
comparison Of receipts less in favor of the crop of
1851.
Commercial men in Europe as well ss in this
country, look with confidence TO the cotton sfsta-
ments in the New Orleans Price Current and as tbst
journal isreliabe we publish the Glowing abstracts
from its tabular cotton statements in the issnss or
that pa per OF the dates annexed:
From the lst Of September to the Dist Of Noven-
Der, a period. say of twelve weeks. tbe DECLINE in
receipts was over twenty five thousand bales per
week making the decrease, as found above Of three
hundred and two thousand two hundred and thirty
three bales
From the 21st Of November to the Goth Of Decem-
Der, period of six weeks, the decrease ia receipts
is over twenty thousand bales per week These are
the figures and the facts and who dare dispute
them
back their cotton aud he deficiency in the receipts
has been the consequence. We deny that there is
any foundation for the opinion that the deficiency
in receipts is caused, 10 any material degree by
any such means. And Why In the fall and win
ter OF 1876, the planters were encouraged by
s)nable hopes Of au iUr-5.- demand and advanc-
ing prices for c0t0n ard large portion OF the crop
was held back bat DARING e pasL fail ami present
winter, planters were ssrI'- r- Che financial tIoub-
les OF the world aud burriy1 their cotton TO market
Dy every conveyance they r1uld employ iUr that
purpose. In The west planters and dealers he'd
tlelr cotton 90 market Tor lear that the banks Id
Mobile aud New Orleans would suspend, wen
from the approximations about 3 rapid decline in
prices. The rivers In the West have been IN good
boating condition much more 20 than The average in
iormer years, aud no physical impedimeHts have
lnteFlerred or retarded the crop from reaching
ket. We are satisfied, although We may not have
the data 10 establish IT, that financial matters have
hurried twenty bales Of cotton market where
bale has heen retarded by such eauses.
The deficiency in the receipts is the legitimate re-
suit OF the short crop, and as it is manifest that the
wants Of the world, under favorable circumstances
would require three million five hundred thousand
bales Of American cotton in l6lS and as its certain
that the receipts would be one million bales less
than that quantity, is IL time for cotton planters
and cotton dealers 10 check the downward tendency
in the price Of cotton, by Withholding their sup
plies
We have never before intruded our advice upon
our planting friends, by recommending asm to sell
or to- hold 30 their cotton, but have simply kept
them advised Of the progress Of affairs calculated
10 affect the value Of their great staple and left It
with their own enlightened judgment and experience
to determine upon the best policy to pursue. But
prices have now reccded below the cost Of prOduc-
tion are still tending downwaris, and the crop is
unusually short-Ilanters have lost large portion
of their prOfts-cOtt0u dealers and REGULATORS have
lost immensely-and an almost desP1Ting panic ha
seized upon the minds Of all men ergaged in the
cultivation of the staple. well as among those en-
gagged in purchase and sale As l0ugas this rem-
bling anxiety continues cotton viii decline IN value,
until Slumberiu SPECTATORS spring pen themarket
and buy up every bale that can be found
Ii Is time then to ring the alarm throughout the
cotton States, and infuse life hope and confidence
into the cotton trade. The darkss hour Is past
if the people will stand up. Let there be no more
crouching 10 the financial sorm-0ut let all stand
erect. Let no more gloomy foret iIngs as TO the
future occupy our thOughts-bUt Vi il high heads,
stern features, and an iuheEjjle determination 10
yield no more-withhold al cottOns from the mar
ket.
We take it for granted that nearly the entire in
debtelness Of the planters 10 the merchants was
liqUidated by the first Of January. and in cases
where planters have failed 20 meet .fer obi cations
they can arrange them by obtaining advances on
cotton Ii Is trlJe and true SAVING, that where
there is a will TO do, q way en- be found TO
effect it. If there are planters who failed to
meet their liabilities on the frs Of January, and
who have cotton on hand, they en- readily obtain
advances on it. Eguidate their indebtedness, and
still hold their cotton.
Let 1t then be rung through tla cotton region of
the South, that planters and cotton dealers have LOST
le ALL with buoyal and firm hearts
resolve 20 yield not another fraction.
In relation to the Coffee ma set, the Baltimore
Patriot, Of the 4th inst, says:
The Coffee market to day was cry quiet, and we /
hal but few transactions TO repr. We learn that I
SEEM to be no disposition 10 purchase freely a, (
bags common Rio at % els 10 bags fair to good /
10. at lOalOs cents; and 500 bag Laguayra do l23 /
cents. The general condition Of The Coffee marke, 4
emains unchanged The stocs of Coffee in first
hands is estimated A. 81 900 5s-s We quote Rio
Coffee before, viz; 9!a95 GEMS for common ami
Medium grades; lOalUl cents irr far 10 good; lys
euts for prime, and II cents .1r choice parcels.
.sgusyra Coffee may be quoted I2al24 cents. and
ava do at lGal7 cents per pound.
The Indianapolis Indiana y.,aHal, Of the 4th
nst., says:
The injury to standing corn this Slate, to which
re have so often alluded, nov appears To- he almost
universal. We can see or herr Of no locality in |
which the ''rOt' does not prev and TO an extent
hat threatens even the seed rusxt year. In De
atur county, the Rsyt5hC11i So g the is So bad
hat the stock wont eat 10.
Nashville Market, Jan. ..