Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1858-02-07

very little improvement in the quality We quote
for Shoulders . to 10; Sides l1Rll3 and Hams LA
122 cents.
LARD--The supply is large, and selling at from
g to 10 cents; and in cans, extra hne, I0@ cents.
CoRN-the supply is light, bat large lots would
not command over 60 or IS cents, sacks included
retailing at 70 cents; and from wagons, delivered
go cents is paid.
IRISH PoTAFoEs-The general sales, by the
quantity, are from So 25to So So
FLoUR-This commodity is very dull. and the
stock large It is difficult give reliable quotations
IS the anxiety OF sellers istoo great We quote for
country brands Of Superfne S5aS5 25 but the
quotations are nominal. City Mile generally sell
from 25 TO 80 cents more, in consequence Of the
neatness of the packages well as the certainty Of
the freshness Of the Flour
AUGUSTA FACTORY GooDs-We quote for rs Shirt
ing J, "A Sheeting 9; Drills 9; 7s Osnaburgs 1OR
The above quotations for lots not less than FIVE
bales and sold six months time forapproved paper
CoIunbus, Ga, Market, Feb 3.
BAoOE-This article is eglnning 70 arrive in
small lots We quote, sides l22 Hams l2f, Should
ers l0c. retail tt ere is still considerable green OF
unsmoked in market, which sells as follows Sides
l2}, Hams H. Shoulders &c.
IRIs HPoTATOEs. Dur market is very well supplied
with choice planting potatoes, which are selling
at IS so per barrel and 81 per bushel.
LARD-Seversl fresh arrivals have given us toll
cradle good supply Of lard, which is selling at lie
retail and 123e. by the barrel.
Louisville Malket. Feb. g.
The provision market has huctuated somewhat
during the week, owing to the tenor Of advces from
other leading points, closing however, with marked
irmness at quotations. The hog slaughtering and
packing season is about drawing 10 q close with the
slaughter the various packing houses in the city
during the week, Of not over 1850 head This, to-
gether with the estimated number Of "a 900 slaugh-
tered at New Albany, makes the total slaughter
around the falls this to date up 252 900
hogs. against 246 626 last srasOn From present in
dications not over2 600 hogs will be packed at
that point tn season, making an increase Of 1872 as
compared with the previous year. The average
weight Of the hogs will exceed two hundred pounds
net, and learn that the average net weight at
Of the packing houses is two hundred and thirteen
pounds against hundred and ninety four last
year. The slaughter at Cincinnati this season has
far exceeded any former year. the number OF hogs
killed already reaching 423, 4o3, and more coming
Early in the week holders were frmer; asking
Sl4 30 for Mess Pork, though we hear Of sales Of
260 bbs. at Sl3 so and IA 70 We quote a sale Of
10000 lbs Of bacon, ribbed sides, loose, at &c.
Bacon from the country, in wagons, is coming in
freely with sales Of l. 600lbs ate, for Should
ers, and Ste. for Hams; and a sale Of 1000 lbs hog
round at &c. Lard from wagons in kegs, SfaS2o.;
a sale from wagons of IS tes and bbls. Of Lard at
81 60a7 75 we hear Of sale Of 500 bbls No.
gut Lard at &c., and sale Of % tcs head Of Lard
&C.; Pork.house Lard in keg very firm at &c. Bacon
from wagons selling at Z to a cents hoground, and
sales OF hams at SIC. Country lard IN kegs 81 pork
house lard in kegs firm at to 94c sale Of
100 kegs at 94e. Market closes firm with sales Of
mess Pork at $40, with an upward tendency.
sale of 25 casks bacon shoulders at 63a63c., and
sale Of 500 bzs middles for shipment 73c cash.
Liverpool Annual Cotton Report.
The year 1857 has been beyond all question the
most remarkable year in the commercial history Of
the world. To a mutiny--accompanied by deeds of
unparalleled bloodshed and atrocity, Of her hajes
TVS native troops in the East Indies has been added
towards the close Of the year financial crisis Of the
most intense severity, crisis which commenced in
the United States Of America, and spread like an
epidemic TO our own country, where, after causing
the suspension of several banks and many mercan-
tile firms ,sOme highly respectable the total Of
whose liabilities are estimated to exceed ESQ 0000O
and causing frghtful depreciation IN the value Of
all kinds Of property, 1t extended its influence to
almost all the principal cities Of the continent Of
Europe, where it ragged with equal severity
These disastrous events however, must be so patent
to the minds Of all, that any minute details thereon
would be quite unnecessary and uncalled for. I
shall therefore eonhne myself in the few obserFa
tons have TO make, to the subject Of Cotton alone,
leaving the vexed questions Of Indian government
and the currency laws Of this country to be dis
eussed and if possible, settled by those whose Pecu
liar Office it is to consider and decide upon such
topics
The experience Of the last three months exposes
the fallacy of all calculations to the future
course Of market based upon figures alone Pour
months ago a general alarm pervaded more or
less all classes connected with the Cotton trade,
and many calm, dispassiODate men, we're Of opinion
that before the end Of the present year Cotton would
have advanced to a fabulous price, and that the
stock held in Liverpool would be reduced to q very
Insignificant quantity. But how have these fears
been realized? Cotton fell in price on an average
nearly Id e b. and the total stock in Liverpool is
larger than it was this time last year. Il may be
remarked, and with perfect truth, too, that this
rapid decline and unoOked-fOr stock was the result
Of external circumstances quite beyond human fore
sight No doubt to some extent this is correct, but
many parties now incline to the opinion that had
the market gone on advancing in October, or even
had the extravagant high rates then current been
maintained, the results would have been the same,
Though no doubt in a much slower degree) for
continuance Of the then state Of things would have
caused general resort to short time by spinners
and manufacturers, and the enhanced value Of the
raw material would have induced an overwhelming
import from all parts Of the world
The apparent crop Of Cotton in America for the
year ls55-I, for perhaps the first time on record,
proved 10 have been Over-estimated. The total
quantity brought to the ports only amounted TO p,
959,5l0 bales against 3, 527 S45 bales the previous
year. Small as this quantity undoubtedly was, the
actual crop Of Cotton must have been considerably
less, if any such conclusion may be drawn from the
shipped as Cotton to this country throughout the
season. To some extent allowances must be made
for the pecuarities OF weather and for the
growth Of Cotton in America, but weather or
season can be a reasonable excuse for the fraudu-
lent packing Of the bales with sand and dirt such
as has been witt essed during the past year Too
much cannot be said written the subject Of
the honesty of the package, but am afraid that so
long as spiners are tc be found who will buy such
fraudulent article long will there be plenty of
American Cotton planters too anxious to send bales
mixed with a liberal proportion Of sand and earth
instead Of Cotton alone.
The concluding three months Of last year were
characterized by large speculative demand for Cot
ton, and high prices consequently established.
find the quotation for 'AIiddling' Orleans on the
3lst of December Of last year was 7Bd II ID the
first week Of the present year the quotation was
raised I'd. II 10. Throughout the first six months,
however, the market was remarkably tranquil, the
rates current for several consecutive weeks being
the same, and on the Sd July "Middling' Orleans
were quoted at Sd. % ID. About this period the
shortness Of last years crop of American Cotton,
and the apparent gloomy prospects for the future,
began to alarm all parties in any way connected with
Cotton. Spinners and manufactures evinced extreme
desire to stock themselves for some months to come
aud find that in fourteen weeks ending the 18th
September the ade-purchased inthis market alone
69R, go bales, or weekly average Of AZ, 400. Of
course such extensive operations combined with
light stock, resulted in seriOCs advance IN prices,
and on that day "Nliddling' Orlsans were quoted
at 95d. u ID. For three weeks from that date the
market was dull and irregular, but sound useful
Cotton was scarce, and commanded previous prices.
On Thursday, the Sh Of October, the rate Of dscOunt
was raised TO T. cent, which, however, being
expected, had effect prices. On Saturday, the
10TH and early in the morning Of the 18th October
the market reached the highest point attained
for at least twenty years. large business was
done on speculation, principally by one house AID
Middling Orleans sold in quantity at 95d u ID.
The interval between the 9th October and the after
noon Of the 18th November was without precedent in
this country. The influence of the American crisis
now began to be felt.
The rate Of discount was further raised to u
cent, on the 18th Of October at MONDAY, and as a
defensive measure the rate was rapidly increased BY