Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1870-10-12
The Cotton Moyement.

The New York Financial Chronicle gives
the receipts for the week ending Oct. Z,
at 68. 949 bales against 55, 672 for the week
previous. and SO, SGT for two weeks pre-
yious. and II, $50 three weeks since, maxi
inc the total receipts since the first of Sep
tember, 1870, 1872, 500 bales against 213, 926
bales for the same period of 1869, showing
a decrease since Sept. l, this year, OF 21,e
EGO bales. The export for the week ending
same date amount to Is, S83 bales, showing
n decrease in exports for the week of TO-
395 bales, with stocks 81 $50 bales more
than they were at this time year ago. We
extract from the Chronicle as follows:
The decline in prices the past week has
been less marked than during the previous
week. but still tho movement has been
downwards, and the close is about &c off
from last Friday This continued decline
is due to the same causes which we referred
to last week-a large present and prospec-
tive supply with considerable pressure to
sell, while the European war has cut off the
demand from the countries which usually
absorb our earliest receipts. The prospects
for peace have in no sense improved dur
ing the week, and as the war is becoming
more and more destructive, and rapidly
enpaped. an immediate renewal of the old
demand from those quarters is hardly pro-
hable. even in the event of restoration of
peace-still prices are very low and sensi-
tive, and quickly respond to any favorable
advices. Spinners continue to buy In
limited way, rather more freely, however,
than during previous weeks, as the late
rains have given the mills full supply of
water again. To-day the market opened
with better feeling, under the influence
of the reported improvement at Liverpool,
but became tame toward the close. For
forward delivery the market has not been
as active as last week, though there has
been considerable doing, but prices close
at about the opening figure with only slight
fluctuations during the week, kales for DC
tober and November ruling at about l5sc,
and for December and January at about
159@16c.
RECEIPTS AND CRoPs-Tbe receipts at the
ports this week indicate that the crop is
beginning to move more freely, though the
total this year since the first of September
is still 81, $50 bales less than it was for the
same period last year. This deficit, how
ever, is not much greater than it should be
on the superstition that the crop Is ten
days later. But latterly there have been
other influences which have somewhat de-
layed the movement in the Southwest. The
yellow fever has certainly had some effect,
but the splendid weather for the maturing
and picking of cotton which has been Ok
perienced in that section has had greater
effect, inducing the planters to devote
themselves entirely to the ingathering of
the crop. Our weekly telegram from Gal
weston, for instance, has shown very warm,
dry weather for the past four weeks, and
the New Orleans Price Current refers, in
its issue of last Saturday, to the same con-
ditions of the crop and weather in that VI
cinity. This fact, then, has contributed its
influence towards the slow marketing of
the crop, and, together with the other in
fluences at work, has resulted in total
since Sept. l considerably less than last
year. The pas week the weather has been
much cooler, with more or less rain in the
different sections of the South, but not
enough TO materially interfere with the
picking. Our Galveston telegram to night
gives the average of the Thermometer for
the week at rs against 81 last week and 80
the previous week, and states that the in
-,.rn-ino of the crop is proceeding salts