Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1870-09-14
Tha Cotton Increment

The Cotton Movement
The receipts of cotton for the week end
ing Sept. 9, foot up IL, 1Of bales, against
1868 bales the week previous, and 5,454
bales three weeks since. The exports for
the week reach total of 3, 704 bales, all of
which were shipped to Great Britain. The
stocks at all the ports on the 9th inst com
prised "a, 723 bales. This shows 41.817
bales more on hand than there were at this
time year ago. Our usual table of re-
ceipts, exports, etc, will appear as usual
next week. We clip from the New York
Financial Chronicle, of the 10th inst, the
following:
The market the past week opened with a
decidedly better feeling, owing to the i'm
provement at Liverpool under the belief
that the Franco-Prussian would soon be
brought to close: Later advices from the
Continent not being interpreted so favor
ably, the strong, buoyaEt tone previously
observable was lost, and prices gradually
returned to very near the point ruling last
Saturday. Offerings have also during the
past few days been increased, the appear
ance of the new crop leading holders to sell
out. Still sales have not been pressed, but
there is now a fair assortment of stock on
the market of all descriptions. The close
tonight was quiet but steady, the offerings
being less abundant, and yet holders ar g
inclined to accept any fair offer. For for
ward delivery there has been good bust
ness doing at about the prices of last week.
Total sales of this description reach ii, 700
bales (all low middlng, or on the basis of
low middling, of which 1920 bales we're
for September-300 at lSc, 1900 at 49,,
1000 at 164, 800 at 1Ss, 2 0 at Is $40,
900 at 174, and 200 at III; 6,100 for 0c-
tober-200 at 1910, 1,200 at II, l 300 at
III, 400 at III, 300 at 17s, and 200 at
II 1-16, LOO at I65, 200 at 10 IL Is, 500
at 162 and 100 at 16t; 1000 bales for No
vember-3OO at 16 11-16c, 200 at 162, 800
at III, 400 at 16S, 100 at 165 and 800 at
161; 1000 bales for December-1O0 at 1Ga,
200 at 16s, 400 at 16 ZIG, 100 at 16a, 400
at 16t, 300 at 164, 500 at 16S; also 200
bales for October and November at 16 GIG,
and 200 same month at 1644, and 200 same
month, one-half each month, at 16t. The
total sales for immediate delivery this week
foot up 7, 779 bales, including 8SS bales to
arrive, of which 6, 513 bales we're taken by
spinners, 427 bales on speculation, and 839
for export.
CONSUMPTION OF Our MILIs-We have
received to-day, through the kindness of
B. F. Nourse, of Boston, the mill returns
obtained up to this date, as to cotton used
by them during the year. It seems that rs
2 cent of the Northern mills have been
heard from and 70 2 cent Southern spin
dies, and from these data summary of re-
suits has been reached by comparing re-
turns of the same corporations last year.
In these mills North the number of spin
dies is increased p q cent but in the
South there is an increase of only 453 spin
dies. Upon these spindles the consump-
ton North was reduced 2 cent for
spindles, but increased 1.02 . cent IN ag-
gregate quantity; South increased g 2
cent spindles and 2 cent in aggregate
average. Number of yarn produced North
90 CAST year 2Ss), South 12s CAST year
1888 consumption q spindle, North 40. GO
TBS Clast year 30. %, South 1876 Qsst
year 119OI, Number of spindles, North
1865, SOC Same mills last year 4, 539, $3.50,
South 137, 127 CAST year 137, 5S3). The
Northern mills reporting on 1865, SOC
spindles show an actual consumption Of
231, $40, 250 Tbs cotton. Now apply to
these spind es the spinner rule for compu-
tation on No. 30 yarn, A skeins Z day to
each spindle They usually reckon 300
working days in the year of II hours each,
leaving out IS days for Sundays, holidays
and bad days: but this year, owing to the
six or eight weeks suspending work at Fall
River on about 600, 600 spindles Endorsed
in the returns), and the short work en-
forced in the last two mon hs by low water
at nearly all the large mills, We have to
take off Is days Cor q cent? more, and
count bCt 2S5 working days. On cotton
worked in No. 80 yarn (sverage) we reck-
en- " aste 10 2 cent gross on cotton on 16
= cent of the yarn product. Thus 1866
SOC spindles 4t skeins X 285 days, gives
by the year 1861, 457, 375 skeins. Divide
lbs No 80 (skeiDs to the ib)=194. 877, $40
lbs yarn 81, O26, 100 lbs waste Cor 10 Z
cent of of the weight of yarn, and the re-
suit is 231, 904, $50 lbs cotton used. The
reports say it was actually 90 $40, $50 lbs.
This is one of the practical tests applied to
the mill returns, to lear if they are consist
ent in their several parts and in aggregate
results.
Satisfied with the correctness of the data
and that these give a fair average rate of
comparison for all the spindles in each sec
ton, we make these deductions for this
year, taking the average weight of bales at
465. ~:
Bales