Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1861-12-01

AMOUNT OF STOCK on HAND IN LIvERP0oL-o OPERATION
OF THE BLOCKADE on PRICES AND EMPLOYMENT.
From The london Times Coity Article, Novembers 2.
The subjoined account of the Manchester and
Liverpool markets is from Messrs. Robert Barbour
q Brother: ----- .--.----' 's7- 'E.st
A continuous rise in cotton, without the posi-
bility of obtaining corresponding rates for yarns
and manufactured goods, has completely deFanged
the usual course of this market The prices at
which the staples of the trade are now selling bear
proportion to the present cost and it is feared
that, in many cases, when milEowners have work
ed up the cotton which they at present hold, they
will be under the necessity Of closing their estab
lishments. p s-.-.---e------..-.--.s.
Some descriptions of yarns and cloths can be
boughtat Id to ID, and even 81 per pound, under
what it would now cost to produce them, the
makers being willing to sell whst they have on
hand or in process ct low rate, but refusing to
quote q price for further quantities. Stocks in
foreign markets are still large, and the regulGr
trade have been doing little; speculHtDrs, have,
however, been active in anticipation of the Ameri
can struggle being prOtracted, and our supplies of
the raw material being kept back for an indefinite
period. It is however, impossible TO form any
idea of what may be the issue of the present de-
rangement, as all depends upon the opening Of the
Southern ports in the States. w
The present production, though greatly dimin>
shed by the working of short trse,' Is IN excess
of the legitimate demand, and considerable stocks
have yet TO be thrown on the market which we're
bought under current rates, and WHICH will be
forced OFF on the first appearance of any change in
the aspect Of American affairs. This will also be
the with cotton. The present position of bust
s, therefore, very critical, being based on an
exceptional and unnatural state Of things; under
any circumstances, the prospects for the winter
are gloomy, especially in the working classes and
the local press is using its influence and mloTners
issuing placards and handbills TO warn them to
prepare far as possible for diminished earnin gs.
The stock of American cotton now held in Liver
pool is 2S0SI0 bales compared with 4f2 $50 bales
at the end Of September, and $4,000 bales at tia
end of August, showing reduction in two months
of sos, $50 bales. The stock Of all kinds il, how
ever, now SCI 400 bales, compared with I27 40
bales at this time last year. The imports from the
States during the last two seasons for the next
three months having been as follows, viz Noyen-
ber December, January, 1860 I, 534 900 bales; and
lS59-G0, 100000 bales. Should get nothing
thence for months it is feared the total stock
of American now on hand will be entirely exhaust
ed and, although we have larger supplies from
India and elsewhere, there will, no doubt, be a
dearth of the raw material unless the American
ports are opened. Prices, which at this time last
year were SD. sgd, 75d, are now 9td, Id I23d.,
having risen 2! d. to 81 per pound during the last
three months. This week there is less doing, the
high prices now current giving rise to greater eau
tion and diminished demand. s. r - r PFC