Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1872-11-20
e railroads for tbs expired ten months Of
The Cotton Increment,

4 u0 NcW 1OIh pGpL!tCtH OHTOHtCIS Lac
returns from the Southern ports showing the
receipts, exports, ETC., of cotton for the
week ending Nov. Is. From the figures
thus obtained it appears that the total
receipts for the seven days have reached
1lO,6l0' bales against 1873, 705 bales last
week, 120, 465 bales the previous week, and
lib, 14S bales three weeks since, making the
total receipts since the first of September,
1872, 8S7,588 bales against 666,60S bales
Tor the same period of 1871, showing an
increase since Sept. this year of 220, $50
bales. The exports for the week ending
same date reach total of 75,462 bales, of
which 1881 we're to Great Britain, II ,3S9
to France, and. "a, 1s2 to rest of the CONT
nent, while the stocks as made up are now
343,723 bales. Compared with the cores.
ponding week Of last season, there is an in
crease in the exports this week of Is, 573
bales, while the stocks al IL, 55S bales more
than they were at this time a year ago.
We make the following quotations from
the Chronicle at hand:
THE BOSTON FIRE AND IFS EFFECT ON
THE MARKET.-rhere appears considers
BILE anxiety to know what is to be the effect
on the cotton market. of the Boston fire,
some parties Interpreting It's influence ia
vorably and others unfayerabiy, according
to their interest or disposition. We are in
clined, however, in considering the future
of the market, to give very little promi-
hence to this event.
First.-As to cotton manufacturers, we
do not conceive that their consumption for
the year will be materially affected. A good
Boston authority writes us that they have
not, altogether, lost more than the profits
of the lsst six months. Very few goods
were held in Boston. The horse disease
had caused many to be sent direct from the
mills to New York and elsewhere, while
the state of the market, and the fact that
among agents and jobbers this is the peri
cd just between seasons made the stock
unusually light. We hear of many cases
where the existing assurances in solvent
companies more than covered the goods
held. Of course there are exceptions TO
this favorable view, but we believe the
above represents the general result, and
that the manufacturers will remain in IS
high credit as before the fire, with the ben
eff in some cases of considerable old stock
worked off. We do not, therefore, look for
any substantial increase or reduction in the
consumption of cotton as a consequence of
the fire.
Second.-Neither is there likely to be any
very material effect noticeable for the pres
ent in the money market. That there has
been a large deduction of capital is of
course unquestioned; but that viii not
greatly disturb the rate of interest until re-
building has made considerable progress.
Activity in the exchanges from that or any
cause (and not the simple blotting out of
capital) always tends to make D-Oney tight.
We have thus, for instance, been feeling
the results of the Chicsgo disaster more
since September came in than during all the
previous months. The million of green
backs Boston has taken from us during the
week may be followed by further shipments,
but this will be but temporary withdraw
al, speedily returning in due course Of the
exchange.
Third.-There are, however, other infu-
ences at work, the tendency of which is
more decided in the way of giving us a
closer money market. The crops are still
being moved, and this necessarily produces
activity; while our banks are already pretty
well extended, threatening difficulty,
having been merely bridged over last month
by the governments temporary issue of
greenbacks, so that bank officers are Row
inclined to be very conservative in their
management. These facts, coming in con-
nection with the disturbed state of none.
tary affairs in Europe, and the consequent
outflow of gold from New York the past
week, will certainly tend to produce eau
ton.
BOMBAY SHIPMENTs.-AccoIdi ding to our
cabls dispatch received to-day, there have
been 1000 bales shipped from Bombay to
Great Britain the past week and 5000 bales
to the continent, while the receipts at Bonn
bay, during the same time have been 5000
bales. Compared with last year there is a
decrease this year in the weeks ship
ments to Great Britain of bales, and
that the total movement since Jan. l now
shews decrease in shipments of 10000
bales over the corresponding period of 1871.
VISIBLE SUPPLY OF COTTON MADE UP
BY CABLE AND TELEGRAPH.-By cable
we have tonight the stocks at all the Eu-
ropean ports, and also the India cotton
afoat for all of Europe, and the American
adoat for each port as given below. From
figures thus received, we have prepared the
following table, showing the quantity of
cotton in sight at this date (Nov. l5) of each
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