Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1872-05-31
r. r v I E w
OF The
WILMINGTON MARKETS,
Remarks 80 the Commission Mer.
chants of WilminGa0n.
FOR THE
WEEK ENDING THURSDAY.
May 50. 1Sz2.

"AGA GA0ADk&0 Ok&DDAHR
May 50, IS72.
Remarks 60 the C0mmHssIom Mer.
| chants Of Wilmington.
The trade Of our city is represented in other
| markets by the reports made in the papers. II
Is important, Ii we would be properly repre-
! scented, that the " Market Reports" should be
full and accurate. IL part of our merchants re-
port their transactions and part Of them refuse
to report, or only give partial reports, the true
state of the market and the extent of the trans
actions thereon are not known abroad. Unle IS
there are reasons of a private character, that
are considered of prime Importance TO the sue
! cess of mercantile ventures, It is better that
every transaction should be reported. The Re-
porter trusts the merchants will appreciate his
endeavOrs TO give an impartial statement of the
market, and furnish nina full reports, not only
I of sales, but of any matter OF importance con-
| nected with the commercial interests of our
city that may escape his attention.
! Corrox-During tho past week our Cotton
market has steadily imprcved in quotations,
| and offerings have been much freer than for
! the previous weeks during the month. The en-
| quIry for fine grades has been active at the
| daily quotations, and in some instances an adj
| vance might have been obtained upon desirable
! lines Holders have not manifested cagerness,
however, to part with their stocks, evidently
! certain that an advance can yet be obtained
! over the quotations given to-day. The receipts
| are very light, and for the week will foot up T2
/ bales, while on the other hand the shipments
! are only moderate and the stock, though
| smaller, Is nearly the same as given last week.
| Some little excitement has been occasioned i'll
! the New York cotton market by the embarrass-
ment Of several we'll known firms, and the tenn
a1ruVN NSlfa T6A
Post" of May 25th, in speaking of the above ex-
element, says:
The embarrassment of this and other firms
was occasioned by the sudden and marked rise
in the price of cotton, whish has advanced
about two and quarter cents per pound in the
past fortnight. This rise is not duo, 1t is said
to natural causes, but to the exertions OF a
"rinR' of Spectators, who have got large
amount of cotton into their hands and are en-
deavorng to force up the price still further.
The receipts at all ports for the week were
1908 bales, against Is, 1877 last week, II ,zl9
bales the previous week, and IL, 548 three weeks
since. The total receipts since September 1st,
1871, are 2,641 110 bales, against $3.50, S9S for
corresponding period of previous year, showing
decrease since Septe nber LIST, 1871, of 1,115,
/ I99 bales The exports from all the ports for
the week wire % 1888 bales against Sc $50 bales
for the same week last year. The total exports
$50, 269 bales, against 1892 os4 bales for the
| same time last year. The stock at all the ports
is 21l O2O bales, against ss bales for the same
date last year. The stocks at the interior towns
are 35 20c bales. against &c 1886 bales last year.
The stock of cotton in Liverpool is S5S 900 bales,
! can cotton afloat for Great Britain is 100 900
| bales, against CSC, 900 bales last year. The
426 900 bales, against 2g7 $50 bales last year.
! The following sales comprises the cotton
movement for the week Friday, 81 bales at
! 22X cents, 10 do. at PIN cents, do. at 90 \
cents; Saturday, 50 bales at % cents and II do.
at q cents; Monday, bale at 20 cents, . do. Al
/ % cents, 16 do. at 22k cents and 90 do at o3
cents; Tuesday, ? bales at 22X cents, 5 do. at %
cents and bale strict middling at ,iiS cents
Wednesday, bales at 81 cents, do. at -
cents, SO do. at q cents, IS do. at 2S& cents, t
do. at e2& cents and do. at 81 cents; Thurs
day, bales at % censs, 10 do. at 23k cents, s
do. at 25A cents and % do. at "a cents per Id.
! We quote the market closing firm at the
| following quotations
Ordinary. ......................2l cents
Good Ordinary. .-................0H 1"
Low Middling. ..................231 4 to 234 81
SPIRITS TURPENrIEE-The market opened
on Friday strong, with a current demand to fl
export orders, and transactions were free g.
last weeks closing rate. Monday by an eX
portation OF $50 casks, and with a reported
light stock in Northern markets, caused some
little excitement, and our market advanced
cent NO further developments were made III
to Wednesday evening late (the market having
ruled firm with large transactions) when Ion
casks CHI .nged owners at an advance OF 1 cent
(The above have been the only changes that VT
! are conizant off, The receipts have been very
large and will reach nearly 5000 casks, but til,
market has been kept nearly balanced by the
large foreign shipments, The exports to for
cign Ts4arkets have been very heavy and thu
bulk of the receipts have been bought for tina
purpose. We do not propose to surmise further
developments, but think MS soon as the presen
demand for foreign shipping (Which has beer
keeping our market up and In like manne
cutting of the supplies that otherwise woulC
have gone to domestic markets shall ave be
come supplied that the excitement will be Owe
and the market drop to about the usual quota
tions for the season OF the yeAr). Receipts art
expected TO be very heavy the coming month
1t being the month when receipts are generally
larger than any time during the turpentint
season. Investigations made disclose the fac
that ere this week shall have closed that up
wards of 5000 casks now in market will bt
shipped foreign, but this can have but very
little effect ON our market, as the receipts axe
so large that the market will soon be heavily
stocked. To-day the market closes firm at s.
cents.
The following sales comprise the movement
for the