Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1871-11-01
Cotton.

The New York Erening Post, reliable authority
in such matters, presents some valuable statis-
tics concerning the cotton ON hand in England
and on the continent, and the probable dema nd
for the staple as the season advances:
As we are passing through the period of posi-
Bile killing frOSfs the price NAV rise before the
middle of November at any moment, and the
only thing we can depend upon, as long as fine
weather prevails and the receipts assume fair
propOrtions is the statistical facts which can be
obtained in England. These, to say the least are
of some value, as we shall try to explain.
After comparing the extreme estimates we
come TO the following conclusions: The number OF
spindles in operation in England throughout 1871
should be set down at 36,5OO,0O0. These spindles
use 80 pounds each, or ia all 5000 900 pounds
per year. actual cons umptiOn. This would give
yearly consumption of 3,2t6 ,OOO bales. 63 900
bales per week. 1t was estimated at the COM
mencement of 1871 that the following amounts
would be required: $4,000 bales of American,
l.250 900 East Indian, $4,000 Brazilian, 25S 900
Egyptian and 1901 600 West Indian and Yenezue-
Ian cOttOn-total 1850, 900 bales. The stock was
4iG 900 bales, which, added to the above, makes
total of 4,4060 900 bales. The probable export vas
estimated at 775,OOO bales, and the stock on the
3Ist December, 1871. would then be 36i 200, show
ing consumption of J, 26I 900 bales Now $780,
900 bales at 800 pounds per bale ON the average,
amounts to 544 900 900 pounds; 3,S 90 bales at
the same average, amounts to LIZA 200 pounds.
The arrivals had been $4,000 bales of Ameri-
cottOn 626, 600 East Indian; $4,000 Brazilian;
I72 600 Egyptian; and 5000 West Indian and
Venezuelan. There were afioat 43 goo bales
American and $4,000 Indian, or 1g1 900 900
pounds, thus requiring 900 bales of American
cotton or 900 900 pounds, to arrive by the LIST
of January, 1872, against nearly equal quantity
received in October, November and December,
1870 to make up a total of ,5A 900 900 pounds,
and to have on hand stock of $4,000 bales.
The export, estimated at 10000 bales, has thus
far been SO 600 bales. The export last year was
3ls, 900 bales for October, November and Deem
ber nearly as much as in the first nine months of
the year, but at the present comparatively high
prices the estimate of 10000 bales Is not likely TO
be exceeded
The continental stock, at last dates, was H.
900 bales at Havre 20 900 at Marseies, 1000 at
Bremen, 100000 at all other places ON the eonti-
nent; the amount aiOat was 1900 bales from In
dia and $4,000 bales from America and the
Brazils-total, 365,OO0 bales, against about 200,
900 bales last year.
Considering that the purchasing power of
France is somewhat crippled, that the Manches-
ter and continental spinners have a fair supply,
and that at the high opening prices of this sea-
son everybody on both sides of the continent only
buy the absolutely requisite" it seems to us
that with a steady augmentation in the receipts,
we NAV look forward to moderate prices, the
more so as the most dangerous period for killing
frost is nearly over at this time.