Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1875-08-20
CONDITION OF COTTON.

| a shortening Eject Caused by the
Cool RighIs-DOes the Hasty Mar
ketinE Of Last Years Crops Teach
Anything?
Upon the cessation Of the almost daiiy
rains, The first week in this month, the
UNION AND AMERICAN noted the proba-
bility Of cool weather during the rest of
the summer. The reason was that there
would be sufficient evaporation Of mOis-
ture from the earth TO swallow up and rem
der latent the heat which usually makes
August a hot month. During June and
July there had fallen 1873 inches
Of rain (by the Nashville guage),
and the rain-chsrt showed that the precipi-
| tatiOn had been GEL efai and about equal
throughout the greater part Of the Ohio,
| Mississippi and Missouri valleys. The
| amount of heat, which the vapOrization
| from all this area was capable Of nullifying,
was simply enormous. It is now a matter
of notorious remark amongst some Of the
! Oldest observers that this is the "cOldest
| August in their memory.
| But what We wish TO speak Of is its ef-
/ feet upon the growing cotton. The cool
| nights which We have been experiencing
are not favorable to that plaut. They re-
| tard its growth and hinder its maturing,
The latter already much set back by the
rainy spell. There can be no doubt that
the crop in Middle Tennessee will be, on
| this account, much less than what it once
promised. In regard to the condition of
the crop Throughout the South, Our
Home Journal, OF New Orleans, says:
I'VE have lately received information
from reliable sources regarding the con
ditiOn Of the cotton crop. Up 10 the first
day Of July, the crop was all that could be
desired. Well worked healthy in appear
ance, free from any sign Of caterpillar and
D'c fair 10 produce an abundant yield.
Since that time, we regret TO say, the pic
ture has been very materially changed. In
many sections drOuth has prevailed to an
alarming extent, while in others ttere6Ss
been too much rain. Ia Alabama, Geor- |
gia, North aud South Carolina, Florida |
and a portion Of Louisiana, Arkansas |
and Texas, the drouth has been
prOtracted and severe, causing the plant |
10 shed its forms, and preventing its /
growth. In portions Of Mississippi, Ar |
kansas, Tennessee, Louisiana and Texas /
heavy rains have fallen, which have done i
some damage by causing at 90 rapid growth 4
Of the weed, and preventing its fHitIng IS
well as it would have done under the i'll
1ueuce Of more favorable weather.
Our readers are well aware that the crop
passed from the hands Of producers at an
unusually early period last season. The
same publication mOralizes on this fact as
follows:
"While we would not for one moment
presume to advise our friends and patrons
as TO the line Of policy TO be pursued by
them in marketing their stocks Of cotton,
/
ticular attention to the disastrous effect |
produced on prices by the early marketing
OF the past yeaI's crop.
"From The Isl day Of September last to
TO the Both CAV of November, inclusive, the
receipts at all the United States ports were
l ,33S, l52 bales, against ], 023, T06 bales for
he corresponding period Of the year pre-
,edIng, an excess up TO that time Of 3l4,- /
i46 bales. Now when it is admitted thai
he crop Gf the past Sea- is fully $4,000
)ales les than was The sop Of 1914, |
which amounted to 4,IT0.3SS bales, while
he present one will probably not exceed
J, so, 600 bales, it will strike many Of cur ,
-eaders with wonder and surprise that
uCh a rapid decline should have taken
,lace aud they viii naturally seek the. So
u;iOn.
e. hese erceSsiUe receipts at our own
,orts, coupled with corresponding heavy re- f,
eipts f.om India and other foreign cOun- =
lies, nearly all flowing into Liverpool a. !
he same time, made the English spinncrs :
lT time master Of the situation, ard the
ssult proves how well they have taken ad- p
antage Of it. r
''The stock Of cotton at Liverpool reach
d It's maximum figure - 100000 bales Z
u the g.h Of July-Oue week earlier than =
lst year, when the maximum figure was \
100000 bales. Now with these enormous =
sceipts and consequent rapid &C e
Emulation of stock, spinners were n
nabled to keep out Of the market,
y encroaching upon their reserves, know
% full well the stocks in the ports must :,
wait Their pleasure, aud that the burLhen | n
nd expense of holding or carrying the v
lttOn was saved TO them, and thrown upon ! -
le shipper and importer. The latter we're y
coined to struggle against a declining ~
IaTket throughout the season, in the hope y
a favorable reaction, which, it was natu-
i 10 suppose, would take place when the ~
aavy shipments should cease and the stock ~
lp-Oximate nearer to the actual wants Of -
e trade. But in all this they were dissp- o
,inted, and prices declined 20 2 point for u
rleans middiing 5-l6 OF a penny below ~
Ia lowest puotqfiOU since flp war