Nashville union and dispatch. [volume] (Nashville, Tenn.) 1866-1868, 1866-11-24
Gotten Movements ana Prospects.
From an " 49, a.; =

CObaSA MSFeMemts ana EEOSpects.
From the New York Shipping List, Now III
The decline q, about e per pound in cotton
during the past three weeks has led to an increas-
ed export demand. though the elearances have
! been small, as compared with the cOrresponding
period Of last year, when prices were some 'l6c
higher than these now ruling. The late decline
| seems to have been the result of continued de-
/ preston in the manufacturing districts of Eng
land the unsatisfactory state Of trade in the goods
market, and better crop reports from the South,
| the conservative estimates having been slightly
increased under late and more careful surveys of
the whole field; The heavy rains of September
were succeeded by uneXcepti0nable, weather for
maturing and picking IN October; and while the
crop in sections of Texas, Louisiana Mississippi
and Alabama has suffered coed deal from worms
and rains, the accounts from other sections fore
shadow better yield than had generally been ex-
pected. That the crop Win fail below the earlier
estimates there IS no good reason to doubt, but
from all the Information before us we incline to
the belief thatit will not vary materially from
I2OO0,000 bales. ,.a-...-l q, ff.l4 rs@
| Neil Brothers & Co.. assume from the general
tenor Of the letters from their correspondents,
who have been over the ground that there is no
longer any danger of the yield being less than
900 900 bales and with good return from the
Red River, II does not appear impossible that
these figures may be exceeded" When we eonsi-
der that everything connected with cotton culture
at the South, this season was experimental, the
production of even 100000 bales may be cOnsd-
cred as sufficient to demonstrate the success of
free labor, and to encourage the belief that but
few years can elapse before the antewar crop will
ing themselves to their changed position realizing
that freedom does not mean immunity from labor
and gaining better knowledge of the relations
which ought to exist between their employers and
themselves. That the necessary labor can be cas-
lily secured for the seeding and cultivation of
much larger area of land hext season than during
the present, there Is every reason to believe, and
with no untOward circumstances intervening, we
feel assured of substantial increase in the yield
of 1867 over that of the current year. L.
Considerable speculation continues TO be in
Gulged with regard to the probable wants of the
various countries, the supply and ruling of prices.
Great Britain and other foreign countries in 1889.
took 2,965.3il bales of American cotton, and ILL.,
900 bales Of the growth of East India, Egyptian
and other countries-making a total of 1916, 81
bales. Our Northern States, it is estimated, took
10000 bales, and the Southern used 10000 bales,
together $4,000 making a grand total of 1885, 81
bales for the worlds consumption. In speaking
of the future demand. Mr.. DeBow, in his Review
bales in 1861. viz 100000 for Europe, 120000 for
the Northern and 10000 for the Southern States.
This is to be supplied from the old sources as
Follows:
East 100000
l20 900
9000 900
1 ..............3, O30 900
This calculation results ina deficit of more than
100000 from the requirement of manutaeturers.
The recent reduction in price is ascribed by the
same authority to the large stock on hand and en-
route from India, to the ounthypothecated aud
to English expectations of n great crop in this
country. These are expected TO pass away and
then, the reviewer says, the Southern planter, BY
holding his stock, can make his own price. The
quality It's claimed, viii average low middling."
or good middling," which now nets about twenty
cents. This. of course, is thoroughly Southern
estimate, and is liable TO all the qualifications
which attach to the statements Of parties in South
The growth Of the staple in the East seems des-
tined to be curtailed, for period, at least, and
our Southern Cotton Is not to be wholly sup
planted by the Indian staple in Lancashire, after
all. Just now India is suffering from one of those
terrible famines which occur there periodically,
constituting one Of the chronic miseries of that
country. The present distress seems to have
been, to some extent, the result of a very extern
sive diversion of labor from the production of the
necessaries of life to the growth Of Cotton
There has been, during the past FIVE years. a
Cotton mania in India, resulting from the high
price of the staple which has attended the dimi-
mutton Of the American supply, and from an eager,
speculative desire to take advantage of the de-
preston of Cotton culture in the South to estab-
fish the Indian Cotton interest so firmly as to
defy competition and secure the benefits of
practical monopoly. But the distress which has
come upon that densely populated country, would
seem to indicate astrong probability that the
cessties of the inhabitants and the rregularity of
its seasons Will absolutely bar India from long,
persistent or successful competition with the
South in Cotton production, If the opportunities
of the latter outside of natural advantages, even
approximate equality.
English Journals are discussing the expediency
of artificial irrigation in India to com ensate for
the absence of the needful rains and the distri-
button, under Government direction. of stores of
grain to correct local deficiencies. But nowhere
in the cotton-growing regions of our county Is
there the least need for the adoption Of any such
costly and cumbrous system.
The prospects of an increased supply from
Egypt, on the other hand are good the total yield
of that section being YariOusly estimated at
100000 to 10000 bales. This supply will arrive
very opportunity in the spring, to add to the
waning stock of Indian Cotton. and supplement-
the prospective moderate supplies in England, Of
American. But, soon as a reimbursement of
the labor system is effected. and the losses and
wastes of a four years war are recovered, Our
Southern States will without doubt, be masters
of the situation, far as regards the question Of
cotton supply. .... .r-s-F. -