Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1869-12-11

of 1862 at Sc; 1868 at 81; 1865 at S69;
10-4Os at S2t.
Tennessee bonds are quoted in New
York at 40 for the old and Az for the new.
The following were the quotations of the
New York stock market: Central and
Hudson consolidated OF; Scrip S33; Erie
26J; Reading 1909; Southern S7t; Cleve-
land and Pittsburg 824; Rock Island 1913;
Northwestern Common 72!; preferred $40;
Fort Wayne S84; Western Union Tele-
graph 3f5.
imports and Exports.
The New York Commercial Adreftixer, of
Monday evening, says;
Our foreign trade has taken a decidedly
more conservative course Within the last
half year there has been marked approach
toward a moro healthy adjustment between
our imports of merchandise and our ex-
ports of produce, the lack of which has
been the chief commercial cause of the high
premium on gold since the close of the war
From June IS to Nov. q, the imports at
this port amounted to SIG, 126, 900, against
S112, 1921, 900 for the corresponding period
of last year. 1t may be said, perhaps truly,
that this is an excessive importation, and
that it exceeds that of the same time in
1868 by So, 500, 900; but, on the other
hand, due importance must be attached to
the fact that while we have had q merely
nominal increase in the imports, there has
been an increase in the exports of produce,
within the same period, of S31, 8S2, 600
The following statement shows the value
Gin currency of the exports of produce at
New York from June % to Nov 80:
1869 1853
juno % to Nov. 80. s1O1, $4,000 $50, 1000
Increase. ............. 81, $4,000 .......
This increase in our produce exports is
equivalent to about $22, 900, 600 in gold for
twenty-three weeks, or at the rate or about
$50, 900, 600, gold value, per annum. In
the meantime the exports Of securities APP
pear to have kept up to the former ratio
for the shipments of specie have declined
very materially. From June 10 to Nov
81, the shipments of specie from this port
amount to SIG, 1919, 900, against 1928, $780,
600 for the corresponding period of 1868.
For the expired portion Of the calendar
year that is from Jan. to Nov. 20 the
exports of specie at New York compare as
follows:
1868 .........................S 500 123, 900
1869. 3O,346,OOO
Decrease, 1869 S3S, III, 900
We thus see that the foreign movement
in merchandise, produce and securities at
this port, has been such as to result IN re-
duction of the exports Of specie, as COM
pared with last year, of S39, 900, 600.
The natural result of this course Of affairs
has been the accumulation of an unusual
amount of gold upon the market On the
LIST of November, the Treasury held on de-
post S36, 862, 600 Of private coin while at
the same date of 1868, the amount so held
was only Sl4, 5l4, 900; showing an increase
of private coin deposited in the Treasury
of 1922, $4,000 within the last twelve
months.
Extent of the Cotton Crop.
Referringto the extent of the cotton crop,
the Washington correspondent of the New
York Journal Of Commerce says:
The Commissioner estimates that the
crop will not exceed 2,75O,O00 bales of 45O
lbs each that is the highest estimate that
has been made. The Commissioner has
lalely returned from the cotton States, and
is well informed in all matters pertaining to
the staple. If there is an error IN the estl'
mate, it will be because it is trltle too
high. He estimated within 20, 600 bales OF
the actual amount last year, ana TINS year
his system of obtaining information is
much better. He says that by an estimate
that can be relied upon there will be moro
real profit to the cotton-grower, by between
S63, 900, 600 and S64, 600, 600 (nearly the
latter igure) this year, than in 1883. In
the latter year the crop was 5, 900, 900 bales,
of 400 lbs each, the largest crop they ever
had. They sold it for lie ID, and it
cost Sc to produce it, Now the cost of pro-
dueing is 12c and the cotton will bring an
average price of 22c. The difference be-
tween the cost of productions, principally,
the difference between free and slave labor.
He says Virginia was nearly depopulated of
negroes, compared with her former num-
Der, for the plantations South. He saw
some of these men in Georgia, who had for
their share of the crop poeketed $500. The
crop in the western cotton States is excel
lent so far as picked, but the caterpillars
have injured it in the eastern tier of States.
Take the South generally, he says, the
cotton gathered before the storms near the
last of November is among the finest he has
ever seen.