Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1872-07-17

| 5000 South Carolina six per cents, new,
5000 Tirpi, h six U pep cents. Consolidated
1000 Virginia sly per cents old. .........44
1900 Missouri six per certs.......... .'.....'s4a
The Cotton Movement
The New York FsnGscial Chronicle ha'
returns from the Southern ports shOwingtht
receipts, exports, ETC., of cotton for the
week ending July r.. From the figures
thus obtained it appears that the tota
receipts for. the seven days have reached
2,678 bales against 1878 bales last
week, 6,216 bales the previous week, and
S,777 bales three weeks since, making the
total receipts since the first of September,
1871, 1868, 925 bales against 3,945, 1872 bales
for the same period of 1901, showing a
decrease since Sept. this year of l ,245,9O7
bales. The exports for the week ending
same date reach total Of 1889 bales,
of which 1,521 were to Great Britain, 1878
to France, and none to rest of the contl-
nent, while the stocks are now l24, 293 bales.
Compared with the corresponding week OF
last season, there is a decrease in the ex-
ports this week of 1924 bales, while the
stocks tonight are 81 ,906 bales less than
they were at this time year ago. We
extract as follows from the Chronicle:
CROP ESTIMATES.
We see, at the present time, estimates of
the growing crop, published in the North,
as high as 100000 bales and over, and in
the South as low as 5000 600 bales and I'M
der, both statements being proved satisfsc-
torily and clearly to the writer's And yet
TO those who have closely watched the de-
velopment of the plant thus far, there would
appear to be very little of wisdom displayed
in either of these results. Arguing from
the past two crops, and the known facts
with regard to the present crop, we cannot
see any basis for the larser estimate; and
unless we are to suppose that the balance
of the season is to be very unfavorable the
smaller figures are clearly unauthorized.
l. The extreme possible limit of this
years growth, with every condition favor
able through the season, is it strikes US
very easily reached. Take as the basis of
the argument the season of 1S70-it would
be unreasonable to expect ever to have a
more favorable year for cotton. The total
crop that year was about 4,452,O00 bales
(or say 100000 bales more than marketed)
from $685., 545 acres according to the Ag-
ricultursl Department., which would be
about ) bale to the acre. As to the average
production per acre, we would refer our
readers to the Chronicle Of June 20, page
81, where they will find the subject dis
eussed on the basis of returns received from
the South. This year the acreage accord
ing to our statement of June 3 is S,S67647
acres, or not materially different from 1870,
and hence 4, 10000 bales would be the ex.
treme limit OF the product provided every
circumstance of planting and cultivation
and weather was as favorable as in 1870.
z. But II we compare the two seasons
(lS70 with 1879 we think there are some
which have already occur
red, not favorable to full crop. First, it
was universally admitted that there was
about one-third less manures used than in
1870. This circumstance has, we think,
been overlooked in some quarters; we
should estimate it as equal to falling off in
the possibilities of the yield of at least 100,-
600 bales. One Of our correspondents says
that some uplands which will only produce
lbs lbs of lint per acre without manure,
can, by its use, be brought up to 200 lbs.
This is a good illustration of the effect of
nanures on production. Second, the sea-
son has not thus far been as propitious as
asst year. The remark needs qualification
IN as much as we now have growing, cotton
planted under two very different combine
lol OF circumstances-the early paintings
and the late paintings. The seed early put
INTO the ground came up satisfactorily, and
he subsequent drought did it no harm but
good, as it served to early develop the tap
DOT OF the cotton, which always results in
healthy, strong and productive plants. The
after seed (Which in some States was equal
% about one-third of the entire plsnting)
ay in the ground without terminating
through the drought; the first rains brought |
I up, not in all cases evenly, however.
And the frequent rains since Gin many sec
lons) have resulted in an abundant growth |
If surface rather than deep roots and a |
&pld and succulent development Of the |
'lant. These conditions are not favorable |
o the greatest productiveness.
). We conclude, therefore, that as the |
question stood week ago we could not,
wen with the most faVora BILE circumstances |
Turing the remainder of the season, antici- |
'ate crop fully up 10 1870, SO that these |
'ery large estimates which are floating |
bout are not entitled to any credit. Of |
course, in the above we have made no |
cunt of the unfavorable reports received |
~ telegraph tonight: but the facts of which |
Ve have reminded our readers will, if kept |
n mind, help them to give the proper |
weight to every report, whether good or |
vii. 80.
BOMBAY SHIPMENTS.-AccoId ding to our |
able dispatch received to-day, the ship |
nents from Bombay to Great Britain for |
be past week have been 5000 bales and to |
he continent, - bales, while tia receipts |
It Bombay, during the same time have been |
900 bales. Compared with last year there |
8 decrease HliS year in the weeks ship !
nents to Great Britain of 1000 bales, and |
hat the total movement since Jan. now |
hows decrease in shipments of $4,000 !
'ales 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- |
Opean ports, and also the India cotton |
float for all of Europe, and the American |
float for each port as given below. From |
igures thus received, we have prepared the |
blowing table, showing the quantity of |
Otton in sight at this date (JuIy l2) of each
# the two past seasons: