Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1870-07-27

we are IN receipt OF W. ". WaLJS q w.
Liverpool circular, of the Sth inst, from
which we extract the following, viz:
The sales of the week, including forward
ed, sum up So, $50 bales, viz: 500 on
speculation, $3.50 declared for export, and
50, $50 to the trade.
Cotton to arrive-On Tuesday last, Sa-
vannah, basis middling, ship named near
ly due, weresold at gid, and Mobile at 9sd.
This was the lowest point yet touched, and
prices have since improved about Id. The
transactions reported to-day are as follows:
American, basis of middling, from any port,
October-Noyember shipment, 3d. New
Orleans, October November shipment, 9sd;
Dhollerah, tair new merchants, Cape, ship
named, May shipment, SD; May-June
SD, 1-16d; June-July I'D; canal, May,
3-16d, sgd.
The import this week has been quite
large, viz: 1882 bales, and, as the actual
export has not been deducted, not having
been included in the stock declared on the
Both ultimo, we have this week an increase
in the stock of 10, 140 bales, which has q
depressing effect. Of the cotton now at
sea from India, there are about 1900
bales on steamers that left Bombay prior
| to LIST instant, and about 80, 900 bales on
| sailing vessels, that cleared, from all the
India ports, prior to LIST May, consequently
our import of Surats from now until the
| 9th of August, say seven weeks, Is more
| likely to fall short of than exceed the i'm
port during the corresponding period of
| last year, which averaged 20, $40 bales per
week. After the 25th proximo, the falling
| off will certainly be very rapid Last year,
| for the four weeks ending 14th September,
| the import of Surat alone amounted to the
enormous quantity of 315, 900 bales. Max
| ing what we suppose reasonable allow
ance for total import and deliveries, we
| think it not improbable the stock here in
| Liverpool, which is now POI, $40 bales in
excess of last year, will, by the middle OF
| September, be reduced as low as at CORE
| spending date of last year, viz, 459. 907
bales The reduction in stock will, how
ever, occasion no uneasiness, provided in
the meantime the general tenor of the ad-
vices from America give promise of crop
this year exceeding the last.
The actual export from this port has SO
far this year been 80, 260 bales less than
last year. This decrease is attributable to
the very large import at continental ports
direct from America duIing the first foul
or five months of this year; but it Is gen
orally understood that the continent is now
very bare of Surat cottons, and as there
are now at sea, including clearances to the
latest mail dates, from all India to all the
continental ports, only 1000 bales, against
49,, 600 this time last year, we have good
reason to expect an early and largely in
creased demand, provided there is no In
terruption to business on the continent.
The visible supply we now estimate, al
per our table above, at 179, h60 bales more
than last year, and SO, $50 bales less thar
the wear before. We have this week ex
amined and compared a number of est
mates made up by leading authorities,
giving in addition to the figures contained
in our table, the clearances from Bombay
to all Europe up to the close of June, the
stock on shipboard at Bombay, and at al
the continental ports to same date
and striking the average we find thu
erceSs on the 1st inst. as compared
with last year was about POO bales
and as compared with the year before Their
was a deficit of 10000 bales. Now
should be noticed that these estimates d,
not take into account the stock held b,
spinners in this country, which, as shown
in our last report, was estimated at 40, 00
bales, against 10000 last year, an,
100000 the year before. This would re
duce the present excess as compared wit
last year to 40, 900 bales, and increase tn
deficit as compared with 1868 to $1,000
bales.
The supply of American cotton in an
a1oat for this port now amounts to 400,
$40 bales. The deliveries trade and ex
ports for the past six weeks of all de
scriptions have amounted to only 80, "a
bales, of which 3O,297 were American
equal to 60 per cent At this rate GU
supply of American would be entirel
exhausted by the close of the first week il
October. 1t is therefore evident that i
order to have even a very moderate stoc
in October and November we must no
only get the entire excess in present stock
at the American ports, but must material
ly curtail consumption. At preser
American is without doubt relativel
cheaper than any other description, ar
so long as this is the case consumptio
will doubtless continue on its present larg
| ccala