Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1868-12-15

A WORD TO PLANTERs.-We copy the
following from the circular of WIN. P.
Wright & Co., New York:
In our circulars in the month of Oeto-
Der, 1867, we ventured to recommend 10
the planters in the South moderate mark
citing of their crops, and pointed out the
certain decline in price if a contrary course
was pursued. A contrary course was pur-
sued. Cotton was hurried to the ports
during October, November and December;
the inevitable result followed; prices were
forced down, the bulk of planters sold
freely, and Europe, as we predicted, got
her supply Of cotton at a very low rate.
We now again venture word of advice to
| planters. Europe is bare of cotton, and is
willing at this moment to pay you good
price for it. Let her have il. Market
| your crops as early as possible, and accept
current prices. The demand is likely 10
| continue for couple Of months. Take adj
vantage of this demand and sell all you
can. The spinners and manufacturers of
Great Britain have been, and are, working
at a serious loss and threaten short time.
The crops Of India, Egypt and Brazil are
large, and will soon come into competition
with yours. Present prices afford you an
ample remuneration for your labor, and
our advice is, accept them. Put your.
selves in position to increase cultivation
next year, and in time resume your supre.
macy in the cotton trade.
Commenting upon the above circular, 4
well informed cotton dealer of this city, il
communication to the Union and Amsri
can, says:
We would especially call the attention
of the planters of Middle Tennessee, as We
think time will prove the correctness and
soundness of tina position taken by Messrs
Wright & Co. We were told DAY or two
since by one of our largest cotton planters
that he thought majority Of the planters
of Middle Tennessee would hold theil
crop till spring, hoping by holding back tc
force prices to higher point. To all such
we would point them to the fact that the
holdiOg back Of all the cotton product in
Middle Tennessee this sesson would effecl
prices but little il any one way or the
other, as they must be already advised Of
the fact OF an increase in receipts up Ia
this time at all the ports Of nearly 200, 00O
bales over same time last season. One
thing they may rely upon, that The pres
ent prices are mainlainel more by the
effect of short sales in New York and Liv-
erpool than any other cause; that the
i heavy short sales mature this month (De-
| cember) aad that it is extremely doubtful
if present prices can be maintained. As we
wish to see our planters derive the fullest
price for their present crop of cotton, we
would venture to advise them to acceI t
present prices, and TO let we'll enough do
them. We consider it extremely danger
Gus to hold cotton till the crops of Egypt,
India and Brazil are brought in competi-
tior.. sith it; that competition does not &c W
exist but soon will. We do LOT wish to
control the action Of any Of our planters
in the disposition Of their crops, bu; merely
make the foregoing suggestions for their
consideration. as it may put them in train
of tn ought from which they may de i've
considerable benefit, should they give the
subject that unbi assed attention which it
demands. -
CORN The market to-day Ras active,
with sales Of 1915 bushels at As End so
from wagons, and 81 and so on wharf and
in depot, the sacks furnished by dealers.
DRIED FRUIT.-We heard of sales Of
300 lbs quarter peaches at "a; 500 halves
at lOi Received on cosmisaion 1900
lbs apples.
CHEsTNUTs.-Small sales from wagons
at $3.50.
Hoes-Are coming in freely. The
Slaughtering to-day was upwards of 300
head.
Bulk meats aud lard are very firm, with
an upward tendency. The quotations are
as low, if not lower than any market in
the west. We quote
BULK MEATs--SiJes and hams lac;
shoulders l0c.
LARD.-In iierce 15l; in kegs and cans
16!.
FEATHERS Are declining. Sales to-
day of 400 lbs prime at 65c.
RAGs.-Whiteman Brothers pay cents
Broom oRN-Dealers are offering 800
GI40 per ton. according To quality,