Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1873-11-28
E.EIE"
WILMINGTON MARKETS,
4. t.t-Et ENDING. TIT skSsB3s
NSSenlher 20. 1874.
COMMERCIAL. EPITONr-Tl

increased business Which existed then
are ROW wanting. The genera, com
p exon II business affairs is imprOv
ing, and the trade this week has beer
larger than any wcei, since the panic
Confidence IS being gradually restored
anI buyers are so much encouraged a:
10 handle articles in tho Future mark ct
1Gl1' the business Of the country is
rapidly recovering fromits recent pros
tratioa ia very evident. and though
;,,in" time may eiapse before, it will
again assume its former proportions,
all the indications are reassuring, and
the prospects are favorable fnran early
revival q business activity Al of ON
commercial exchanges from the North
speak in assuring terms of a revival OF
business and from a standard authority
VIC copy the following
The recuperativc powers OF the
country after the panic has spent its
force have not been overestimated.
This ia shown by the rapidly increasing
volume OF business IN nearly all
hran,ct.es; al trade, and especiallyin the
produce markets. and this improve
ment j. retarded only by the slow
growth oj confidence and the conse-
queI:t strinGency III the money markets
throughout the country. The very
fact that IN he i;ce OF stringent money
markets prices 81 produce have e,lv all
. ced about 10 per cent, on an average,
from the lowest point, indicates that
they were uniuiy depressed. 1t is ont
OF the laws OF trade and finance that
when money is boarded prices of mer-
chanIisr vii decline uutil 4 point is
reached which viii Inspire confidence
iii Investments. ;,'!tt tiuis bring motley
again into rirt-niatIn.i Ne Lave passed
that Iioin: ~ Regards },ra''itice. and Sc
cIIrit"% Ijt;, reached ii, AID rs re cards
Hiali: b;ii not ri other articles OF Iper-
chau,liac. I'D Ii i~":parcni that money
Is now rapidly Coming "at from its
hiding places, =; II. I ior dlrtc- invest
ment iii these articles, or to be lent to
those persons vino know how to use It
to the iest advantage. The rebound
in prices from the lowest poiEt has al
! ready carried them as high as they
/ We're before the panic in some lnstan-
ccs, and ii is not at all improbable that
they viii vet be carried much higher.
The withdrawal of capital from rail
road interests. aud to & measurable ex-
tent from stock speculation, will mate
rally tend to promote speculation III
! other quarters. There are already in
: slltsl tOitO1i, pm Il t<ii't ~
! stuffs will come in for larger share
/ OF spec llative attention than usual this
winter AS far as this will opel late to
! bring money ito circulation in the
! channels Of trade again, this will have
Il salutary effect upon business, but the
/ ultimate influence upon the prosperity
of trade in these articles is less assur-
ing. business hourlshes better when
/ it is free from wide fluctuations, and
when prices of merchandise are carried
, too high they will sooner or later find
their level, and that brings losses and
Frequently checks consumption to su III
an extent rs to PROSTATE the branch Of
industry directly affected by it. As
We have before stated the country as a
whole is in q sound condition. 1t has
the best of capital to back it and that
consists Of the productions of the soil.
! With full crops of breadstnffs, cotton.
tobacco and PORK, ell of the surplus of
/ wIlici. il wanted by foreign countries.
it IS simply impossible for the financial
revu!siou t. crush the mercantile inter
eats or 10 more than temporarily in
terrurt the free course Of trade. AS in
nntj,-, the anGl,' reelection j. equal to
tie a"gi;r II lr";.:cnrn, 50 II ..G1r :Aorc-
t.tly d, .5F3lE.nc, WI" -}.l.i Gnl .ha re-
I,rrlt.d 81; l., ae 1aY:,l ana 81; far
I,.:;s.ie-~ :.a s-r, t;.a ,ltpHc=>i":.
!:,:-.lyas -, o.,r local nl41I,et - ae,iu
assuming proportions. ihr cotton
.;Is:r,,s i.,'- largely lilcG,-;.--:t, and uC
g;r:~ -. "a: lev weeks uore. Of the
Staple Ia H. u -iiI.;pvd foreign, th1n
ans, -t;7-.,4 s,llcr Tic var OF tii.- stats.
) Their. - i."t-l y 5:trg"G i"ini!I.i for
the art.-t" tiia3i f!rt' I':."lV1s 9t3i snip
n!y- ,4.vc ieG!: eide - A:..i,ic anG to-
dav liier" y q better market tnr cot
to-, tii,0 II at.~ ~ oar Southern ;-ort4
We are gl,td "a ..utc The Ia,i that the
W. {. y \. l.. Il. Company :.sc about
making arruuge1Icnt1 w:a"UehE cotton
from Augusta al-a South can have
a cheaper a,d more ,}ire,t sbipi4ont
from this port h. Europe than from
0til.r ports. Cotton eau he c0m?rese-
csi and shipped at Il reduced freight
on either OF the above mentioned
ports. The naval store business is COM
paritiycly on the increase, Int for this
week there was slight falling off from
! the export movemeut::oi last week. This
has been rgcasioncd lty the scarcity i'll
the supply of tonnage The exports
to the United Kingdom Cor this week
were =, -, hi,is. rusjn, d. bales cot
ton, 40 casks spirits tIIpentine,
against Jn,j49 hiis. ros!n. :l,U13 casks
spirits turpen:irc, t;:'i bales cotton.
and 81 b.l@. crude turpentine, for last
week, which exhibit 4 decrease i'll the
valuation II the past week Of ahout
$40, G0n Eo-EH.-There has been
moro depression IN resins during the
week than any other article of pro
duce. This has been owing to the
nieagre kilograms from New York, and
the tinfavOrahle position 81 the mar
ket. The outlook Is, however, enconr-
aging, and some speculative move
ment was exhibited during the week,
showing that there IS gradual restor-
alton OF confidence. SPIRITS TrRPEa-
TINE has remained about in the same
wrote. Prices have tluct,Iated some,
but to-day are tirmer. CRUDE TUE-
rESriHE has advanced fraction du-
ring the week. The supply is not
equal to the requirements of the
trade. and there has been some strin-
ceDcv Of crude material among the
local distilers. TAR has also exhib-
tied all improved movement, and has
advanced, closing quiet to-day. Cor
TON-Thcre has been Il gradual ald
steady advancing of rates in cotton all
the week and the advances are 1ully i
to cents r ID on last weeks quota
tons. Dry GooDs-There has been
q liberal distribution of goods in this
: line, and as the policy of iobbers is tc
work off stocks, prices are somewha!
irregular and unsettled. In staple
articles. however. the only essential
! change is the reduction made in New
York on all standard prints to 9 cents,
4 <
ruling figure here. Prints can be
made now much less than the stock or
hand cost, and the same may be said
of nearly all cotton fabrics, SO that the
trade is bringing things down to 6
solid basis by accepting the decline a
once which must come sooner or later
and they thereby insure q reduction o
: stock of winter fabrics, which other
! ! wise they would have been obliged t.
Z carry over. The trade is working int
a healthy condition, and there will b.