Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1873-09-12
,rain market; Corn is onietand steady

fall and winter trade seems to be as
sured. There are some country mel
chants in town, and although they ar
not expected to arrive in fore
, III some time, the Indications ar
| that the trade will become active ear
lier III the season Than usual, hecans
stocks of goods are light liz the coun
try, and the earlier flow of currenc,
from the city to rural districts has fur
nished the means for paying debts anl
buying new supplies. Prices of al
cotton fabrics seem to have become
settled, and there is little probability
Of any Sudden change unless some
brands Of bleacheu goods should be
further advanced. Wooden fabrics
continue active and the indications arc
in favor of an advance on fine fiannels
and possibly on jeans.
MONEY. In our local money market
there has been Il moderate degree OF
animation during the week. The de-
manI for discount at the banks has
been fair and the rates for long OF short
periods nave undergone no change
The financial outlook, rloon which is
based the expectations OF merchants
for the Fall trade, is very favorable,
and there is reason to believe that
money will be circulated freely.
The changes of prices Of the leading
articles Of produce and merchandise,
and the special features of the market
for the week ending, are reviewed as
follows:
COTTON-In cotton there has been
a moderate business doing this week
and under continued favorable advices
from New York, the market has been
healthy and q further advance is re-
ported. The transactions have been
principally in the lower grades, there
being in fact little else now on the
market, and until the new crop begins
to arrive, which cannot be of any i'm
portance in numbers, for sew
eral weeks yet, the better grades must
remain scarce. The advance this
week was from to I cent, and We're
based principally from reports from
New York. The Financial Chronicle,
speaking Of the advance, says:
"The upward turn in prices
may be attributed to variety of causes.
The first impulse perhaps came from
the active demand for consumption,
~ 70 foI, MI
ducinG stocks SO materially at 4 time
when they are usually smallest, and
this year are not likely TO be replen-
ished rapidly on account of the late
ness Of the crop. In addition to these
considerations. was the fear of a very
considerable curtailment of the an
ticipated supply from the injury by
caterpiilars which is being done to
and Atlantic States. The movement
has also been helped on by the consid-
cradle short interest which always ex-
lists, aud is ever quick to take fright
on the first suspicion of danger.
st the opening of the cotton year we
deem it appropriate TO call the :,tten-
ton Of the trade and all others inter
ested in the culture and marketing of
the great staple to an article which we |
copy from the Commercial and Finan-
cial Chronicle i'll regard to mixed and |
fraudently packed cotton
The quantity Of false and fraudu-
lcntly packed cotton shipped to this, |
and we believe to nearly every other |
market in the United States since the |
war, caused the adoption OF various
devices for the thorough examination |
of every bale and the detection Of |
fraud has consequently been reduced |
to almost n certainty. These cXamina-
tious by means of boring, etc, are
mad,, through the buyer after pur
chase, and entail much loss i'll weight
besides the expense necessary to the
Of competent inspectors
II tax which is made mp by the reduced |
price at which the buyer is enabled to
execute his ord IA, and consequently |
really falls upon the producer.
That It considerable" porvion of the
false packed cotton is the result of
c.rclrssncss and ignorance, rather
than Il Deliberate intention To dcfraud,
y" are fH!ly prepared 10 believe; but |
still 50 many evidences of the latter
past twelve months, that Il serious and |
determined effort should be made by I
every good man to frOwn Gown and |
expose 50 INJURIOUS and criminal prac-
ticr.
eve call attention to the fact that |
in the criminal cOde of nearly every |
Southern State provisions are made |
for the punishment of those who f;tlSe- i
~ and iraudulently pack cotton, sol
tina not only does the packer lose |
heavily by detection, from the depre- |
citation in the value of his shipment |
(the price being regulated by che poor
est quality Ill the bale), bnt renders
himself Liable to conviction for felony
and n consequent long Imprisonment.
I'VE earnestly call upon each plant |
cr aud country merchant to aid in
stopping this injurious practice, not
only by direct proceedings, but by
forwarding to this institution. with
proofs, the particulars of every case
coming within his observation"
The receipts at this port for tue
week reached "A bales. The exports
were 1874 bales and the stock is 1S9
bales.
The general Cotton movement 1or
the week VAS as follows Tt appears
that the total receipts at al the, ports
for the week have reached 1886
bales, against S,237 bales for last
week, 1851 bales the previous week
and 5S1 bales three weeks since,
making the total receipts since the
first of September, 1873, 1856
bales against 1861 bales for the
same period of 1872, showing de-
crease since September LIST, 1873, of
4,G98 bales. The exports for the
week ending reach Il total of 1862
bales, of which 1862 were to Great
Britain, none to France, and none to
rest Of the Continent, while the stocks
as made up, are now 7J,O17 bales.
The sales for the week were 80 bales