Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1872-06-14
II i V [ L w
OF THE
WILMINGTON MARKETS,
FOR TIE
WEEK ENDING THURSDAY,
June I3, 1874.

CCTTON.-SinCe our last weekly summary the
Cotton market has been quiet and the transac-
tons lave been very limited. In the early
period OF the week desirable grades were
wanted, but the views of both buyers and sellers
were widely apart, and buyers finding it almost
impossible to pay the asking rates, when the
undertone of the market showed less strength,
and both Northern AMI foreign markets were
declining, withdrew from the market, and it
has since been entirely nominal. The New
York Financial Chronicle explains the prcso Mt
decline as follows:
This speculative movement has continued to
receive strength from the Improvement at
Liverpool and the fair spinning demand here.
In fact holders have had the entire control o.
prices and some OF them state that the only
reason why they have not forced the advance
with the steadiness of the preceding rtnight,
has been the fear that if they did the shorts
would, as the bulls express it, ''le down" on
the buyers-that is, rtpudiate the contracts,
whereas by letting the market fail oft a little
at Intervals the shorts would he encouraged to
renew their margins as a prelude to hEat
scoop.
The probabilities as to the extent of the next
crop have had no influence upon operators, for
it is believed shat it will mature late, and the
present crop, it is claimed, viii be exhausted
before it can be brought to market. Hence
there has been n marked advance during the
week for August, August contracts being nearly
3 cents higher than contracts for September,
and nearly cents higher than last Friday.
The receipts at our port shows an improve
ment of &c bales over last week. The stock has
been increased not by the receipts, but by a
holder giving in III bales in excess of what was
reported last week, and to-day is 1914 bales.
The receipts gradually decreasing at all
ports and for the week are t0,162 bales, against
13 liz bales last week. 10 ,0S3 bales the preveus
week, and Is, ISL bales three weeks since,
making the total receipts since the first of Sep
tember, 1871, 2,665,99s bales, against 3,S2I ,18o
bales for the same period Of IsT0Tl, showing a
decrease since September, I, this year, of
1855, 1S2 bales.
The exports for the week reach total OF
e179 bales OF which {, 49, were TO Great Britain
1912 to France and noI.c to the rest OF the Con
tinent, while the stocks AS lnade up to the 18th
inst, are 1866 bales
Tho sales for the week foot MP So bales,
which sold as follows: Friday, / bale at 90
cents do. at 81 cents . do at % cents, do. at
90 cents, 8 do at 81 cents, and do at 244 cents.
Saturday, 20 bales at 22A cents per lb. The
following are the nominal quotations given to-
day by the cotton brokers:
Good Ordinary. ACKNOWLEDGEMENTS -
! Low Middling. ...-.............. ~ cents
MlodIng s..............-..-. -..-.-' n VEIN
CRUDE TURPENTINE-We have to report very
little change in the general position of the mar
ket. Receivers have been asking about the
former rates except for virgin (Which has de
| clined 20 cents and buyers submitted fairly
/ the feeling has appeared steady and uniform
throughout. The receipts have been quite
large and the wants of the distler and exporter
have been met freely, although their purchases
/ have been based in the main for their i'm medi