Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1874-03-21
The Cotton Trade.

From the New York Bulletin, March IS.
The market for cotton during the week
has been generally quiet, and in more or
less unsettled state ON the spot; Liverpool,
which has latterly ruled strong, falling TO
stimulate any marked increase in the trade,
though during the last few days there has
been a rather better demand for export.
The sales on the spot for export during the
week under review were 5,507 bales, about
half of which has been done during the
last few days. The business for consump-
ton has embraced 2,3f5 bales. The specu-
lative demand has taken 2,646 bales. The
demand from spinneTs has not been brisk,
and the market on the spot remains in sub
stantially the same position as at the open
ing of last week. Money still rules com
paratively easy, and this is one favorable
circumstance for holders, but a lack of de-
mand for consumption is unfayOrable and
deprives the market of an important prop.
General trade is suffering more or less.
owing to the unsettled state of the curren-
cy question; the uncertainty as to the
course Congress will take tending to re-
strict operations in all branches Of trade.
1t has come TO a pass in the history of this
country that the adjournment of both
houses Of Congress seems Necessary for the
prosperity of legitimate business, but mer-
chants so engaged in many branches of
commerce are hindered by doubt and anx-
iety as to what their protectors will do.
In regard to the market for future deliv-
cry, there have been the usual fluctuations
incident to the reign of the s1bulls." That
party, however, seem to be pretty well load
ed up; and to illustrate this in a measure
afa,rfv- l.. -
standing the marked falling of in the re-
eeipts at the ports, the sales have been less
than the previous week. The fact is, there
is too much cotton here and too much in
Europe to make any advance permanent, or
10 give it a sound basis.
The latest count showed stock in Liver
pool Of $4,000 bales, against 632, $50 bales
same time last year; in London, $4,000
bales, against 1000 bales last year,
making a total of $4,000 bales in the
United Kingdom, against $4,000 bales last
year; total on the Continent of 10000
bales, including 141,2j0 bales at Havre, a
stock in the United States at all ports Of
$40, l59 bales, showing total supply on the
spot in the United States, United Kingdom
and on the Continent Of 1885, 159 bales,
exclusive of the quantity aflOat from India,
Egypt, Brazil and the United States. The
visible supply, including quantity afoat,
was 3,O5l,OOO bales, against 2,7T6,431 last
year, or a difference of 2T5,0O0 bales.
The demand has run to great extent on
April or the later months, there being little
disposition among operators to make trans
actions for this delivery.
To-day the market was firmer, with a
strong Liverpool report.
The following shows the receipts and ex-
ports for the week under review, and COM
parsons with former years:
1874. 1873 1872.
Bales. Bales. Bales.
Receipts for week
ending Tonight. 1852 si,1I5 A., $50
Receipts since Sept
to date ......... s,273,553 2,sss,sl4 1856, sO7
Exports from all
ports for week.. 96,2F $3.50 1859
Exports from all
ports since Sept. 1. $50 500 ,75S 135 ,55, 474
The following will show the fluctuations
in prices during the period embraced:
l.. NJ. Up Open'g Highest Lowest Open'g