Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1874-03-28
The Cotton Trade.

From the New York Bulletin, March 25.
The market for cotton on the spot during
the past week has assumed a different
phase. The demand for export has, with a
strong and higher market in LIVERPOOL,
shown a decided increase; the sales for in
stance for the week ending SATURDAY. being
12,121 bales, against 2,9G9 bales week end
ing 14th inst, and $3.50 bales week ending
It'll inst. This business for export has
been stimulated, as intimated, by a favor
able turn in the market in Liverpool, where
the price OF middling uplands has advanced
TO SD. The receipts have shown a falling
of as compared with last week, not only at
the ports, but also at the interior towns.
where the receipts last week 1918 bales.
against 1907 bales for the week ending
l4th inst, and 1854 bales week ending
9th inst. The receipts for the week ending
Saturday were against 1921 bales same
time last year, with stocks amounting to
lO2,olO bales, against 122,I7I bales 18th
inst, III, IO5 bales 18th inst, and 131, 743
bales Feb. p; showing a gradual decrease
at the towns for some weeks past. The re-
ceipts at the ports for week ending Satur-
day showed a falling off as compared with
the week previous Of 12,93S bales, and with
the same week, 1873, Of 5000 bales, with
stocks az all ports showing a falling of
since the 18th inst. 1863 bales. The
stock in Liverpool at the same date, il will
be remembered, showed a reduction of
$4,000 bales as compared with the 14th
inst. statement.
With the business for export. there has
at times been a fair demand for spinning
and also for speculation. The American
receipts exercise a great influence on the
Liverpool market, and several days within
a short time the cable has reported an ex-
cited state Of affairs there; this was the
case Immediately after IL our last. when
the receipts on Tuesday ran down to $500
bales. Liverpool the next day was excited
and higher; the market there quieted down
on Friday after receipts at the ports the day
previous of 12,l49 bales; but the marked
falling on Friday, when the receipts were
down to 1886 bales, set Liverpool excited
again on Saturday, and middling uplands
advanced to S5dS4d. This falling off in
the receipts has not been without its in
tiuence here; and what with the effect
OF this and the firm markets in Liverpool,
which really seems to have been entirely
Influenced by position, prices have adj
yanced to l5Sc on the spot, 152c for this
uiOutu anu 40sC IOE april. some treDlQa-
ton has revised the shorts during the
week, and some covering has been done.
We understand, both here and in Liverpool,
purchases to this end for the latter market
being made both here and at the South.
Some talk Of a smaller crop than has gen
orally been estimated seems to have had
some influence, but this has no necessarily
convincing proof to establish ANYTHING
under 4,250,OOO bales. There have been
extensive rains at the South, and consider
able damage is reported to have been done
TO the roads, which would account in a
measure for the falling Off in the receipts.
Latterly there has been some weakness in
future months, partly due to a natural re-
action, and partly owing t. fears that the
''bears will take another turn at loading the
"bulls" up by sending in liberal notices on
Friday. The full effect Of the action of the
House in determining the legal currency
issue will not of course be seen until the
Senate confirms it.
The following will show the receipts and
exports to date, with comparisons and
stocks:
TS-I TS-Q 1870