Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1871-09-01
The Cnttan Trndn.

The commercial year under review
opened il the midst of a bloody war be-
tween two of the principal consumers OF
cotton, and the depression caused by that
fact, together with the largely increased
| crop, led to lower prices than had been
rsaehed since the war. Bat no! Withstand
| ing the gloomy opening, a retrospect for
the year gives us gratifying results, show
ing 10 only largely increased receipts, but
much more satisfactory business than
was anticipated
By referring to our annual statement
last year we fad that the total receipts for
the season closing Aug. 81, 1870, amounted
| to 81, 205 bales. The shipment for the
same period comprised 40, 004 bales, and
if we add the through shipments it sweils
a corresponding increase in receipts,
counting the number of bales in transitu,
or passing from one depot to another. The
stock on hand carried forward to the new
year comprise 2,201 bales. The receipts
for the year just closed amount to 81, 943
bales, with shipments Of SO, 594 bales,
leaving a stock on hand of $50 bales.
We will commence our resume of the
year by giving the quotations on Sept l,
IS follows:
1Bfericr ......................... sole.
Ordinary. ....................... 123@l3ic.
Good Ordinary .........-..... 1870 t45 sc.
Low middlIng. ............... l6@l65c.
During the month Of September dull
ness prevailed for most of the time, and
tie demand alons was confined to the FL
iug Ct orders. Toe-e was no speculative
feeling whatever, and but little ifany thing
was d9ce in that direction. Upon refer
ring to the files Of the UNION AND AMEsI-
CAN We find that the Gales of the month
footed up 100 bales, more business having
been transacted for the period named than
vas anticipated at the opening Of the new
year. The market for the month closed
In a dropping condition, with decline of
i.y 81 cents Z ID in comparison with the
prices ct the opening Of the month. The
difference in prices will be seen by the fol-
loving quotations:
[Oct. l, 1870.
I feriOr. ........................... G@S@c.
Ordinary. .......................... 9@1Oc.
Good Ordinary .................. 1l@12c.
Low MiddliDg. ................. 123@l3c.
October proved TO BE- unusually dull
throughout, the sales of the month only
reaching 1921 bales. Towards the close,
an advance occurred, brought about by re-
ports Of favorable prospects Of peace be-
tween the belligerent powers of E1rope,
and the market closed steady at an advance
Of J cents over the opening quotations.
We give as follows summary Of prices on
Nov. I, 1870
Ordinary IL OH
Good ordinary. .........................13 @l33
Low middiiDg ...........................l4 @l43
TIE business of November was far, and
ks,aA Of h. n 10
ssles reaching 3 257 bales. Prices con-
tinued pretty steady throughout, closing
half cent lower than the quotations at the
opening of the month. We annex the
prices
Dec. 1, 1870
Ordinary .....,.....................ll
| Good ordinary. .......................I54
! Low miidling .................. .........l33@14
The business of December showed
| considerable increase, principally confined
| to spectators, tue sales of the month hav-
| ing reached s, 461 bales, bat the month
| closed ct deprecated prices. We Civ the
! quotations as follows for
Jan. l, 1871
I Good ordinary
I Low middliug.
The month of January opened active
ard lively, and upon reviewing our figured
| We find that the sales Amounted TO II ,506
/ bales But notwithstanding The activity
AID general disposition TO operate during
| January, thsre was no Improvement in
| prices, but rather a weakening tendency
at the close. TITS weakness was caused
by the heavy receipts at all the interior
ports and ihs large stock which had sccu-
Euistei 1T Liverpool. At this period,
there was no longer any doubt as to the
extent of the crop, which proved to be
much larger than hsd beea anticipated
| from any former estimates. The quota
tons on the first day of February were as
| fellows:
FEB. l, 1871
Ordinary ....-s.s..s.-...-.........IU
| Go I'd ordinary. -......-......l2ss