Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1870-10-05
Tie Cotton Movement.

The receipts of cotton at all the ports
during the week ending Friday evening,
Sept. 80, were s., 672 bales, against Sc, 1856
for the corresponding week last year. The
exports for the week we're 10, 1913 bales,
while the stocks at all the ports were 1866
419 bales. There is an increase in the ex
ports of 1,425 bales while the stocks are
10, 1913 bales more than they were at the
corresponding date last year. The New
York Financial Chronicle Of the lst inst.
says:
Our market the past week has been
greatly depressed, and prices have declined
daily. This is the result of the same causes
referred toin our last-a pressure to sell on
Southern account, temporary stOppage of
some Of our mills from lack of water, but,
the war in Europe is cheCkingthe consump-
ton there. During last week until Friday,
1t was hoped that the peace negotiations
would be successful, consequently there
was more confidence. This week we have
the entire abandonment of all efforts for
closing the war at present, and many ru-
mors that Russia, and perhaps other
powers, will soon be involved in the
same struggle. Whether there is good
ground for this latter belief we very
much doubt, but still it has served to
weaken the foreign markets, and the result
is decline of middling uplands in Liver
pool from sd. last Friday to Cd. to-day,
and in our own market from 18c to 1899
As stated above, this downward movement
has been assisted by the depression In the
Southern markets, and the pressure to sell
on Southern account here, while the con
sumption of spinners has necessarily been
restricted.
The CRoP.-The reports this week with
regard to the crop have been on toe whole
favorable, though during the last few days
of the week we hear''of a severe storm along
the Atlantic coast, which may do more or
less harm.
By telegram from Galveston tonight we
are informed that the weather there has
continued warm and dry all the week, that
the picking Is progressing finely, and that
the thermometer during the week has
averaged 81.
INDIA CoTToN.-Our mail advices from
India are this week brought down to Au~
gust l6. are, as to extent of ground plant
ed, simply cOnfrnatory of those we have
published during past weeks. The result
on this point of all the information thus
far received is that full as much cotton has
been and is being planted as was planted
last year. To this effect we now have
what would seem to be quite definite news
from the Berars (Oomrawottee and Akote,
the Central Provinces (Hingunhat,) Guze-
rat (Surat and Breach, Dhollera and Dhar-
war, furnishing more than nine tenths of
the Bombay shipments, and also from
Sindh and Punjab, which seek the market
through Kurrachee. As to the weather
and prospects, the latest advices appear to
be on the whole favorable, though in some
sections there had been too much rain,
making replRnting necessary One other
fact is important at the present time in es-
timatiDg the probable shipments of the
year, and that is the extent of old crop on
hand, which is generally put down at f.
CURE above the average. We notice that
Messrs Finlay, Clark & Co. estimate the
stocks in Dhollera, Clutch, etc., at about
ree-eights of the crop. Low prices how
ever, may prevent these reserved stocks
from being drawn down during the year, as
India shipments are always largely effected
by the market rates.
STOCKS OF COTTON AT INTERIOR Towns
Below we give the figures received tO-night,
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: