Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1870-02-20

! We are indebted to W. C. Watts & Co..
for their Liverpool circular of the 28th ult.,
from which we extract the following:
In our issue Of the 21st inst. we reported
the market as closing strong, at lid for
mlddllng Orleans and 10d for fair Oomra-
wuttee. The receipts and the shipments
from the American ports for the week end
ing the 2lst inst, not having exceeded
previous estimates, the market opened very
steady on the 22d, and prices continued to
rule IN favor Of sellers until the 25th, when
mlddhng Orleans on the spot and to ar
rive, ship named, were sold at l2l. On the
10Th there was a slight reaction in prices,
IN consequence of certain kilograms from
America reporting receipts at the ports for
four days at SO, 600 bales, against $4,000
for the corresponding four days last week.
The market has, however, since ruled quite
steady, and closes this evening at our quo
tations, as given above, which, as compared
with those given in our last report, show
an improvement of 1-1G to I'd in American.
Sd in Egyptian, an I'd TO ID in Brazil. and
Id in Surats
The sales for the week, ending last even
ing, sum up 81, 43O bales, of which "a, $50
on speculation, Is, $50 declared for export,
In cotton to arrive the transactions con-
tinue very large, particularly in America
To-day the following sales are reported
American, basis middling, ship named. New
Orleans, II and II 15-1Gd-MobiIe lid
any port, January-February and February
March shipment, 114d-low middling, Or
leans, ship named, 11&d-Texas, ship
named and at sea. 114d-Oomrawuttee,
fair new merchants, overland or canal,
February March shipment, 1851.
Messrs. NELL Brothers & Co, ofLondon,
in their circular of 26th ult., commenting
on the above estimate, made the following
interesting remarks: '.This estimate Of |
l, 700, 900 bales as the probable years sup
ply from America, we think a fair one. |
Assuming the crop ct 2,65O,0OO bales, it |
would leave 100000 bales for American |
usual fire and marine |
losses-and for some little replenishment |
Of the depleted stocks in all positions III
that country with which the year COM
menced. The estimate Of 1, 70O,0OO bales
from India may generally be considered |
rather low, considering the favorable re-
ports Of all except Oomrawuttee growths.
The imports of last year to the four ports.
Liverpool London, Hayre and Marseilles. |
rom tbs East amounted to 1911 900, and |
IS very little has come direct to any other
European ports, we estimate the entire i'm
port of last year at l, 200, 900 bales, or pre-
,isely Messrs. Bsrber's figures for this.
Sow, shall we not have an increase on this
otal? In favor of an increase there is the
generally accepted fact, that the crop is de-
idedly larger; but, against it, it may be
,olnted out that there was on the LIST of
January deficiency of 100, 900 bales in
he quantity afoat from the East for Eu-
ope, including the December clearances.
s known by telegraph, which will, of
curse, reduce pro-tauto the arrivals Of
$40. And it Is also alleged that the crop
so late as to probably to throw 1901 900
} $50, 900 bales of the shipments behind
he monsoon, therefore shutting them out
ON the European supply of the current
ear. As to whether the 200, 900 to 25O,- I
% bales, which would thus have to be de- /
Noted, will bemade up or not by an excess
the Indian crop, opinions differ widely.
ssuming that it viii be made up, the i'm s
0rts would be the same as last year. and | q
,nfirm Messrs. BARRIERS estimate. 1t | 9
erefore appears to be on the safe side. d
or as regards the minor sources do we see q
UGH cause to dissent from this estimate, d