Nashville union and dispatch. [volume] (Nashville, Tenn.) 1866-1868, 1867-06-05
% and Sd series.

at 70.
There is scarcely anything doing in I'M
current funds, and for the rates paid for the
various banks we refer to our advertising
| columns.
We hear of no change in our local stocks.
Davidson county bonds, issued to the Lou
isville railroad, are worth &c. Those
| issued to the other roads bring 74c. Nash
vile and Chattanooga railroad stock ia in
some demand at 25c. Suspension bridge
stock is worth 94c. South Nashville Street
Railroad stock is quoted at Ale.
1t will be seen from our cotton statement
that the crop of last year has turned out
considerably larger than most of the most
experienced cotton men" in the South
anticipated. The receipts at the various
ports to the latest dates reach LIS, 500
bales, against 1,876,6S5 the previous year.
The stocks held in interior towns foot up
42,S6l. The stock in Cincinnati on the lst
inst, amounts to 94l4, while there is
probably a small stock in st. LOuis, none of
which has been included in the receipts at
the ports. There is still a considerable
amount of cotton held by planters, who
have not sent all their crop to market. So
that the receipts between this and the lst of
September will bring up the crop to about
100000 bales. All of this, however, is
not of last years growth, as it is stated that
from 100000 to 100000 bales have been
taken from the Red river country Of pre-
yious years growth. If this be so, last
years crop will amount to about 100000
bales. The planting this year promises a
much larger crop, but the plant IS subject
to too many casualties TO speculate now in
regard TO the extent of the yield.
The prospect in the South for good
crops of wheat and other small grain is
telling upon the Northern and Western
grain and -four markets. The Cincinnati
market is reported very much depressed,
and holders of both -four and grain have
to submit to lower prices in order to effect
sales. Parties in Mississippi who have
been shipping large quantities of corn from
st. Louis, have discontinued their orders,
on the ground that the new crop of wheat
will soon be in the market, which will
cause a falling Off in the purchases of
corn. There is a very good prospect for
lower prices Of breadstuffs in a few weeks.
In regard to the crop prospects, the Chicago
Tribune of the 3lst nit. says:
AT no time during the past ten years has there
been SO much attention directed to the growing
crops as now. Bankers, merchants. manufac-
turers. every body has an intense personal inter
est in the growing wheat and corn. The partial
failure Of the wheat crop of last year has con
tributed largely to the stagnatiOn in business this
spring. Flour and wheat have commanded
almost famine prices since December last, thus
materially reducing the demand for cOnsump-
ton, and at the same time cramping the entire
trade of the West. This scarcity, largely magni-
lied by interested parties, produced singular
revolution in the business of the country. Wheat
and -four were shipped from San francisco to
Philadelphia and New Y FORK. The latter cities
contributed a portion to Pittsburg and OswegO.
Our own city was not exempt from the anomaly.
Flour was imported hither from Toronto,
Canada, and many of the millers in the southern
part of the State were compelled to look to Chi
cago for supplies. Happily this eccentric state
of affairs can not last much longer. The pros
poets for a splendid crop of wheat are reported
to be very favorable. The high prices obtained
since the last harvest caused a much larger
breadth to be sown than usual and should no
June trosts or other damages occur, there is no
doubt that there will be a larger quantity mar
keted this fall than ever before. There is no
speculation movement. Dealers only purchase
enough from day to day to meet the actual de-
mand for consumption and there Is strong
disposition on the part Of all operators to have
no old stock on hand when the new crop finds its
way to market.
The corn prospects, though not fairly developed,
are less favorable. The weather during the past
month has been wet and cold, and in the south
ern part Of this State and Iowa and Kentucky.
a large area of ground will have to be replanted
The season is far advanced, but should the
weather for the next week continue warm and
clear, the injury can be easily repaired. In 1855
the spring opened up very much like this year
and corn was planted as late as the 10th or 18th
of June n Nevertheless the season for ripening was
so exceedingly auspiciOus that the crop OF that
year was never excelled for quality or quantity.
There is no cause at present for serious fears or
forebodings 1t is seldom that two partial fail
ures Of the corn crop occur in succession. and the
instances in which wheat and corn both suffer
areyery rare. This country is very large. and 1t
is not safe to bet against the prospects OF any
crop until the season is much further advanced,
aud even then il Is a hazardous business.