Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1873-10-10

FOR TIE
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October .. 1879.
COMMERCIAL EPITOME.-Bus
less generally has been more ac.ive
during the past week and there is Il
better feeling III mercantile circles to-
day than we have noticed for tie past
ten da:e Though TIE financial sin
! alton is steadily improving al the con-
nlerciul centres, the effect OF the i'm
proyeIne:It has '!ot yet been fully felt
IN the South and currency continues
! scarce ard commercial affairs are yet
in 4 defanged condition. The et1tc
OF the panic are plainly observable i'll
! business circles here aud has had the
! effect II diminish the receipts OF Cot
| ton and Produce and business has
been restricted 10y the small amount Of
! produce in first hands It woIlI he
| well that our country friends and the
| farmers should send in their produce
| as it Will tend to ease money matters,
| and it IS we'll known that or mer-
chants viii not sacrifice tlicir prcduc-
tions at the low prices WHICH prevailed.
The Baltimore Ga-cttc in speaking
Of the outlo1t OF trade has the follow
ing which we extract:
The foreign commerce Of the coun-
try IS, however, in very healthy con-
dition, as the figures show, the exports
at the port Of New York alone since
the 1st of Jant;ary exceeding those Of
last year $lS, 521 :j333, while the imports
for the same period fall below those
Of last year &27, 800, 100, making va
ration i'll favor OF the United States
since the commencement OF the present
year Of SO, S61 ,523 at the port Of New
York alone, and it IS believed that the
showing OF tie trade of other ports Is
equally favorable, though we have not
the statistics at hand. When it is re
fiected that the cotton crop which IS
just beginning to come forward, Is
larger probably than that of last year,
that all Europe is deficient in bread
sti1ffs, of which we have large sur
plus, that we have unlimited supplies
OF petroleum, which has become prac-
tically tie light of the world, to say
nothing of hog products, tobacco and
other commodities, the general outlook
Of our foreign trade is certainly S ia
l., II l.
At the close Of the week there is Il
more healthy feeling pervading and
the general outlook to a speedy revival
Of trade is more favorable. The ami
val Of large numberof foreign vessels
which have been and are being furnished
with cargoes has caused hopeful feel
ing for the future, and it is believed
that as soon as currency shall again
begin to move freely that there viii he
a reaction OF prices and figures will be
obtained for our productions that have
not been equaIled in some time past.
NAVAL STORES are certainly assuming
4 healthy position. Manufacturers
having failed to receive their usual /
funds from the city, and ow. nG to the
extreme decline Of the MAJ kat, nave
ceased II Il large extent, 10 manufac
tura, and many stills lii tie surround
ing country are laying idla. SO it will
he seen that there will be some decline
in receipts ANA rs exports are
largely Increasing it may safely
be asserted that the stock Will fall off
- q considerable extent. The attend
ancc AT the Exchange" this week has
been large daily, and there was some
trading, bnt the absence oi anything
but :. brisk speculative or cIla,rt de-
mand there was not much enquiry Tor
'.spots' and Futures, ana sales
were restricted Ly the limited supply
OF stock III receivers hands. RosIS
open 4 dull. and there WIS General
tagging tendency exhibited through
the earlier part of the week, but
toward the close there is more anima-
ton exhil tied. and Letter prices were
paid and the market closed firmer
VIII Il IiltJlt I'tf 'IttD4'' t''ti'-
SrfIr5 TURrEHrlEE was active
Almost daily, ami prices were much
the same as were paid last week, but
SUBSEQUENTLY there vas 4 reaction of
feeling and an advance. was gaiIad,
and tie market closes firm to-day.
CEyD1 TrKrI,NT2HE is without amy
important change. There WAS only it
SNAIL movement, owing 70 the de
crease OF receipts. TAR was steady
far the first few days Of die week, but
afterwards became dull and declined
CoTroS is the only article which has
maintained its frmness through the
week. At the close OF the week there
are similar advances reported with
the advance of the New York market.
Quotation are written to cent
higher GRAZ; is reported stronger,
and Il small advance was gained on
/ Corn. OATS are also firmer and have
advanced. PEAS are entirely nominal.
/ PROVISIONS have declined to J cent.
The market is well supplied with al
styles of cut and boxed meats. DRY
/ GooDs.-Thc trade in this line keeps
up pretty well, compared with the
general stagnation in other branches
of business, and SO far, there has been
no essential change in prices of the
leading cotton or WOODEN fabrics, but
it is noticed that buyers are more
timid and make smaller purchases
than they had intended, although the
distribution of goods goes on, and the
volume of business has not fallen off
50 much during the week as the job
bers generally anticipated that it
would The fact is, the country is
is able to buy and pay for what it