Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1870-08-31
The Cotton Movement.

IOC III us OOilhrA
The Cotton Movement
The receipts of cotton at all the ports
during the week ending Aug. 26, reached
5,454 bales, against 5,2S7 bales for the
week ending Aug. 10, 5,517 bales for the
week ending Aug. II, and $40 for the
week ending Aug. 81 making the aggre-
gate since Sept. 1, 1869, to date, 2,89S, 100
bales, against 2, 121, $40 bales for the same
period in 1869, being an increase this
season over last of 776, 1879 bales. The
receipts Of the corresponding week last
year were ], 818 bales, showing an increase
this year Of 1886 bales. The exports for
the week amount to 1877 bales against
1,276 for the corresponding week last year.
The total exports to date foot up 2,167, 1913
bales, against l, 443, ia bales last season.
The stocks on hand at all the ports on
Friday evening last foot up 1885 bales,
against IA, 451 bales at the same period last
wear. 1t will thus be seen that, compared
with last season, there is an increase in the
exports of 724, 209 bales, while the stocks
on hand are Ga, 073 bales more than they
were at the same time last year. We copy
from the New York Financial Chronicle of
Aug. 81, as follows:
The market the past week has been
variable in tone, but without much varia-
ton in price. For the better grades there
has been steady spinning demand, which
has about equalled the offerings at all
events, holders have not pressed sales in
view of the scarcity of good, serviceable
cotton. For the lower descriptions there
has been but little demand, and prices have
been almost nominal The Improvement
in tone and price at Liverpool, up to Mon
| day night (the close there on Monday being
| Gid for middling uplands), impaired
better feeling here, and an advance of
about &c was established in the better
| grades on Saturday, and further advance
| of &c on Monday; but the downward turn
which Liverpool has since taken has been
followed by loss of tone here and return
| to the figures of Saturday, showing, how
| ever, &c improvement on the week for the
| better grades. The close tonight was
quiet but steady, with fair sales during the
| day to spinners and for exports. Holders
| continue to offer only sufficient supply to
meet the demand, and no pressure to real.
ize is apparent. For forward delivery
there has been considerable doing and
prices for August, September and October
show a further improvement, which has
been sustained, notwithstanding the duh
accounts and lower prices reported for
spot cotton at Liverpool For October the
movement was especially active to cover
shorts, the close to night being 19c against
1876 for present delivery. Total sales this
week of futures reach 16, 900 bales (all low
| middling, or on the basis of low middling),
of which 1900 bales were for August-1OO
| at 49,, 700 at 184, 1900 at 1S3, 800 at
| Is GIG, 1000 at 1Ss, 1,7nO at I83, 200 at
1873, 300 at 1S5a, and 500 at 10; $50 bales
for September-I0O at II, 1,2OO at ia.
GOO at ~, 1000 at 17a, 300 at 17s, and
100 at I72; 9, 800 bales for October-6OO at
17s, 500 at II, 500 at 164, 100 at 162, 700
at I6s, and 100 at 16; 1850 bales for No
vember-3O0 at 16A, 800 at 163, $50 at I6s,
500 at IL, 200 at 16a, and 100 at 164; $50
bales for December-500 at I63, so at 16I.
and 2OJ at 16t; also 200 bales for Septem
Der and October, half each month, at 175;
200 bales for November and December,
half each month, at 161; 400 bales for Oc-
tober and November, half each month, 200
at 16s and 200 at 16t. The total sales for
immediate delivery this week foot up 7, 357
bales, including 173 bales to arrive, of
which 5, 593 bales were taken by spinners
III
bales for export.
INDIA CRoP.-Now that our cotton has
been brought forward to the beginning of
the picking season, the extent of the plant.
ing for the next India crop is again be-
coming the important question. We had
supposed that the lower prices current and
the partial failure of the crop in some of
the India districts would result this year in
i Ill L., Al
districts. But present indications do not
encourage this belief. Our Bombay mail
dates are now down to the middle of july
and from then it would appear that the
progress thus far made is more satisfactory
than for the same period last season. In
the Berars and Central Provinces, which
usually furnish nearly fourth of the Bonn
bay exports, it is believed that the planting
| will at least equal (and Messrs. w. Nicol
& Co., report that it will exceed) that of
last season, while the reports of the pro-
gress made are all favorable. For instance
| from Oomrswuttee it is stated that the
| plants in the first sown fields are two
inches high and look very well. As to the
Guzarat and other districts, it is too early
| to state what is or is to be the extent of
lands under cotton, but in the former that
is in Breach particularly the ploughing is
| completed and the sowing is making very
| favorable progress. The above facts are
merely present Indications of the probable
| result. 1t is not impossible that the war
panic and the still lower rates of cotton it
has produced, it may materially discourage
and curtail planting operations A few
weeks more will enable US to judge better
of this.
TOTAL CRoP.-With this number we
complete our weekly record Of the cotton
movement for the year 1869-7O. 1t Is not
likely that our crop report will be ready
under about three weeks, but the main
items in it cannot materially differ from
what we now present. The principal
change will probably be in the overland
movement, for as yet we can only give an
estimate of it; but taking that movement
at the same figure as last year the follow
ing would be the total crop;
Year ending Sept L.
1870. 1869.
Bales. Bales.
Receipts at the shipping ports 100 '210O 42s
Add overland direct to manu-
fseturers 2s'S ~ 2SS' 6dd
Manufactured in the South. lUO,OOO SO,oOO
Total crop for ,56,70 2,4S9,O39
We have deducted 10000 bales consumed in
Virginia, and added the same to Southern con-
sumption.
The total exports will reach about 2, 49,
900 bales, the movement to Great Britain
being about 1866, 600 bales. The results
show that our statement OF about SIX
months ago, that of this crop the total ex-
ports would be over 2, 100, GOO bales, and
that England could have nearly 1,5OO, 900
bales, )" was substantially correct.
STOCKS OF COTTON AT INTERIOR Towns
Below we give the figures received tonight,
showing the stock of cotton at the interior
ports at the close of business to-day, and
add those for last week and the correspond
ing periods of last year for comparison:
-1s7o.~ ~1s69.- -,
Aug. %. Aug 10. Aug. %, Aug 10.
Augusta. CA. 2144 2,470 lie 200