Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1870-11-23

cotton, or for near ealivery. Contracts for
shipment from this during this and the next
two months could not at the same time
find takers at but little over 3D. Two con-
clusi ans may be drawn from these circam
stances 1. Whatever the causes of the
upward movement are, they apply to and
affect alone the prices Of the immediate
present. q This upward turn is no evil
denoe that prices are TO continue on that
level.
Second. This, then, being granted,
what are the Influences tending for tho
moment to enhance prices? 1t cannot, we
think, be fear Of short supply Of Ameri-
can cotton during the next four weeks,
unless some new temporary demand has
arisen. The figures Of to-day show that
there is now aaoat mot including the sail
ings of this week) of American cotton,
169, 900 bales, and that tie stock at Liver
pool is 100, 900 bales. This supply viii all
be at Liverpool before the middle of De-
cember, allowing consumption of over
$4,000 bales per week, and as the takings
of American during the past eight weeks
have only averaged about 90, GOO bales, it
is clear that unless there is some new tenn
porary call, the supply is ample.
But though the arrivals the next and
succeeding weeks may be large, the Liver
pool stock is very small, and with this
small stock there has arisen demand for
goods for China since the settlement of the
difficulties which were threatening war in
that quarter has been announced, and this
has resulted In demand from spinners to
cover with cotton contracts made for such
goods In this demand, then, coming on
this small stock we probably have the chief
cause for the advance. Yet, very likely,
this alone may not seem sufficient to &C
count for the decided upward movement
in face of the prolonging of the war on the
continent, and the threatened disturbance
of peaceful relations between England and
Russia which has put United States bonds
down to SSc. If so, we may find further
cause in the very fear of war with Russia
which would naturally lead spinners to de-
sire to stock up before hostilities began.
Cotton in the United States is not cotton
| in England, and with the outbreak of war
may not Great Britain very reasonably feai
| that we should follow the example of the
| Alabama, which she has set us Cmost likely
she exaggerates the danger and that the
chance of getting the balance of our cror
| freely, would therefore be in doubt The
effect of this new phase of the war woult
| therefore be temporarily to put up cotton
and this feeling has, we think, been one O
the influences operating on the marke
drring the week.
In Wow of the above and the uncertain
ties of the future, is it not the part OF wis
| dom to let our cotton go freely at every
rise in price until at least half the crop il
disposed of?
MOVEMENT OF COTTON AT THE INTER- OF
| PoRTs.-We have now made arrangement
| TO receive hereafter in our Friday nigh
kilograms from the interior ports figures
which viii enable us to present to on
readers the entire movement at each por
for the week-receipts, shipments snC
| stock This will enable every one to see
at glance with what rapidity the crop ii
being marketed in different sections, fac
which is not indicated by the simple stocks
Below we give reinstatement for this week