Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1873-11-26

we think the above is a fair estimate:
Then again the general prostitution OF all
business and the diseharging OF so many
hands in other departments Of trade, Will
make economy in consumption Of goods a
necessity among a very large class and dur
ing portion ut least 6f the coming year.
This will prevent our mills, even after they
resume running to their utmost capacity,
as they did during the most of last year.
and hence arises probable further deflclt
in the homo demand for cotton.
2. The cotton manufacturing interests oil
Great Britain are not in satisfactory con-
dition. We would refer our readers to a
speech made by Mr.. Hugh Mason. Presl-
dent of the Manchester Chamber OF Com
merce, which will be found in our foreign
letter to-day, for a very dark picture OF the
situation in England. We do not sympa-
thize fully with his views, knowilgthat the
average Englishsnan on his own soil is by
nature eroaker, and always likes to paint
pictures of this kind in striking colors. We
notice in one of our Liverpool exchanges
that when the Manchester President had
closed his speech, an Alderman who was
present asked him whether he did not need
a blue pill. This question, though not very
elegant, wGs certainly very suggestive. But
outside of this speech, we all know enough
TO satisfy us that the prospect before the
Manchester spinner is not particularly Hat
tering. India is overstocked with goods;
China does not appear to be very hungry
for them, while we ourselves shall this year
prove poor customers of hers for every de
scription of manufactures. From the Con-
tinent also the financial outlook is not as
promising as we wish it was, but it may be
that cotton consumption will not be mate
rally affected.
3. With such probable drawbacks on the
demand for cotton, what are the prospects
as to supply? Without at this time stating
the case in detail or with any preclslons, 1t
is sufficient to call our readers attention to
the fact that last years supply TO all OF Eu-
rope was deficient from countries other
than the United States (see Ott-Trumpler's
circular in Chronicle of Oct. 25, page $40
to the extent of 100000 bales; while the
reports from those countries now is that
their supply this year is likely to be full
one. Without therefore determining what
our crop is to be, do not these facts show
that speculation for high prices is just at
present extremely hazardous. OF course
there is a price at which much Of the India
cotton will not come to market; but with
the promise from that quarter so favorable
for an increased yield as the present advices
| make it, while the stock of old cotton they
have kept over is so very considerable, we
cannot but feel that one is running great
risks in entering upon a speculation, espe-
cially now when we are just beginning to
market our crop.
BOMBAY SHIPMENTs.-Accordin to our
| cable dispatch received to-day, there have
been 1000 bales shipped from Bombay to
Great Britain the past week and - bales
| to the continent, while the receipts at Bonn
| bay during the same time have been l,OOC
! bales. Compared with last year there is an
| increase of 1900 bales this year in the
| weeks shipments from Bombay to Europe
| and that the total movement since Jan.
shows an increase in shipments OF 7,0U(
bales compared with the corresponding
period of 1872.
VISIBLE SUPPLY OF CoTToN MADE u
! BY CABLE AND TELEGRAPH.-Below we
give our table of visible supply, as made VI
by cable and telegraph tonight. The con
tinental stocks and afloat are the figures O
last Saturday, but the totals for Grea
Britain are this weeks returns, and conse
quently brought down to Thursday eve
ling; hence to make the totals the complete
figures for tonight (Nov. 21), We add thu
item of exports from the United States, i'll
GLIDING in it the exports Of Friday onl!
for Great Britain, but for the continent thu
| axDortS for the entire week