Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1869-09-22
The following are the average New Orleans
quotations for middling during the past year:

AT the opening OF the season this year, new
cotton sold at 3lc for Strict Low Mifdling, $40
3254c for Middling 80 for Strict MiddHng, and
S3l4c for Good Middling.
The New Orleans Times SAYS, in its market
report of Saturday evening:
The receipts of our leading staple to-day
were sgaIn q1lte limited. amounting to only
40 bales, against l,7t3 on the corresponding
day last year. making the total proper since the
lst inst 9,199 bales, against lS24S last year.
These light receipts, and considerable compe-
ttion among buyers. were calculated to sliffen
the market; but. after more firmness during
the morning, factors found themselves COM
PEELED to be less stringent in their pretensiOns
and the business for the rest Of the day was
more IN favor OF BUYERS, without exhibiting any
quOtable decline. We learn that cOttOns which
were held last week at 30c., and for which 2915
and 29l4 were SUCCESSFULLY refused, were offered
Yesterday at gc., with no offers over 8Izc. and
2S14c., and sold to-day at 2S12c., fOrcibly sug-
costing to planters the impOlicy of ordering
their shipments to be held above the ruling
rates IN the early part of the season, when all
the operations for future delivery indicate a gem
eral belief in lower prices. After the demand
to supply exhausted stocks has been supplied,
and both planters and factors are strengthened
by the proceeds of early sales it may, under GER
tain contingencies, be expedient for planters to
hold back their crops, and for factors to supply
the market sparlngly, with the view of com.
polling buyers to be more liberal in their of
fers; but at the opening Of the season. it APP
pears To be the general opinion that il is best
for the planter to meet the demand freely aud
avoid the evil of an accommodating stock. The
demand was again mostly for France"
Messrs. Smith, Edwards & Co.. of Liverpool,
in their cotton circular of the LIST inst says:
The prospects of our market have under
gone no substantial change in the past month
The suficieney in the visible supply of cotton
in stock and known to be ahOat t. this country
has been reduced from 81 200, at which it stood
mouth ago, TO 29l 900. This, however, has not
been produced by any increase in shipments
from abroad, but Is owing almost entirely to
the smaller takings of the trade this year, than
during the same period in 1868, when they were
unusually heavy. The figures now stand at
93l 900 against l,222, 600 last year
The statistical position of cotton is still re-
markably strong, and it is impossible TO see
how we can ride over the next few months
without considerable reduction in consump-
ton. The outgOings so far this year from the
Kingdom, for consumption and export have
averaged $500 per .week-52,OOO to the trade,
and l4,t00 export; during the last four months
of last year they rached 7s.OO0-55.O 600 to the
trade, and 25,UCO export. If we allow a stock
at Christmas in Liverpool and London of 300
90 bales. we can barely supply an outgoing of
is usually the period of heaviest export, the
Continent will likely require of this amount at
least 1900, leaving only IS, 900 weekly for the
eonsump tion of treat Britain.
"Our supply of American cotton, allowing the
stock to run down to Is 600 bales by the middle
of November, will only permit of weekly delv-
cries to the trade and export of 10000 bales,
and, although SplnnerS nave a falr stock on
hand tits difficult to see how the consumption
is to be forced so largely on to Surat cotton
without severe pressure. and further widening
of the difference between Surats and American,
increased already I'D. per pound within the
past month; the more so as stocks of all long
stapled cotton are in such small compass, and
there is nothing to substitute for American, ex-
cent East India.
"Were Manchester again to become strong in
tone, and buyers to operate there with the same
confidence as during the past two months, we
should probably see renewed excitement in
this market and an advance in prices; but after
the large business that has been done for some
time past and the strength displayed beyond
what was generally expected, it will be difficult
to give fresh impulse to that market and enable
producers to sell full production at the present
high Iange Of prices;
Eve think this the more likely, as the &C.
counts of the growing crop are of the most sat |
isfactOry nature. from America the reports are |
highly favorable; the weather has been remark |
ably fine for the past two mOnths, and the best |
authorities are unanimous in looking for yield |
in excess of last year, provided no
disaster occur In India, too. the crops are |
very we'll, and decided increase is |
expected over the present yea-,
These considerations will, no doubt, exert q |
Soldering influence and do much to neutraliZe |
the Immediate prospect of short supplies; for, |
with the expectation of a more plentiful sup |
ply of cot ION next year. business will be re-
stricted in Manchester. spinners will use mp |
their reserve stock and cOnfine tb cir buying in |
lb;s marIyat 40 the supply of immediate wants"