Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1873-09-26
REVIEW
RENIE"
OF TIE
WILMINGTON MARKETS,
FOR THE
WEEK ENDING: THURSDAY.
September 25, 1873.

excitement over the financial panic mt
the North has had the effect to distract
the attention of the public from the
transaction of business and trade gen
orally has been very quiet all the week,
with large decline of values on all
the leading staples and products of our
trade. The present decline of most
articles of trade is said to be only
temporary, as the panic is principally
among the financial men and houses
and only a limited few of commercial
houses have been effected thereby. In
order that our readers may know how
the panic is regarded in commercial
circles North we extract the following
opinions OF the commcrcialpress there.
The Baltimore Go-"ttc says:
Indeed, the general business inter
ests of the country We're never i'll Il
more solid and substantial condition
than at this moment, and with album
dant crops and large demand for our
surplus products from abroad, all the
Indications relative to trade movements
AoSt&''OAA oAio Va
unexampled commercial prosperity.
But for orr vicious financial system,
and the opportunity which it affords
for stock gambling and other kindred
evils, such panic as We are now Cen
ioying" could scarcely occur; but II ii
shall aid in clearing the financial at
mospherc, as it is generally believed it
will, it will not have been in vain.
The New York journals appear to be
unanimously of the opinion that the
commercial interests have not, and are
not likely to suffer from the collapse.
and to show the favorable position of
our import and export trade, We ex-
tract the following from that standard
authority, the New York Shipping
List:
Financial and commercial affairs are
on a much more satisfactory basis than
they were year ago. Tie import at
this port continue below and the eX
ports above those of last year. For
the month of August the gold value of
the imports was S::}2 TIC, 17S, q decrease
of so, 270, 907 compared with the same
month last year; for the first eight
months of the year the amount reach
ed $2S4 937, $50, a decrease of &2S, &c.,,
GIG compared with the same period
last year. The export trade is even
moro encouraging, reaching in August,
exclusive of specie, S24. 542, OoS, and
for the first eight months of the year
S1S9, 40 500, showing an increase for
the month Of $3.50. 766, and for the
eight months of 81, 009, 916, compar-
ed with last year. The export of specie
for the eight months amounts to $4O,-
O56, 476, or less by SIC, ,259 than
the corresponding period last year.
This certainly is a gratifying exhibit,
and the same relative proportions
| seem likely to be carried out to the
end of the year. What is true of this
port is also true of all the other prin-
cipal ports. Underthese circumstances
gold is not likely to rule higher, ex-
cept temporarily.
! The at enhance at the Produce Ex-
| change was large all the week, but the
! merciIunt, were attracted there more
| to hear and discuss the panic than for
! the purpose of trading. There has
not been much movement in any of the
articles, and the trade that was done
was confined to the small orders for
"spot" produce, futures being i'll no
demand and buyers We're not disposed
to touch them even at any figures
RosIN-Has owing to the above infiI-
ences been very dull all the week and
there was scarcely enough trading tC
| 70 hn n
buyers to make any remarks upon il
regard to the future outlook. OF thi:
we NAV say that the arrival of mum
Der of vessels has induced a firmel
feeling in the market, and sellers arr
more inclined to hold their stock, a
the close of the week, rather than sac
rifice them at the extreme low figure
which are now being paid. SPIRIT
TURrENT1NE-Ha also fullypartakeno
the effects of the panic, and Their
has been also arapid decline of values
and very light business doing. CRUp
TURPENTINE and TAR.--The forme
has also succumbed to the declin
of other branches of the trade. TIL
latter however, has been but little e1
fected, and although we have to repol
some decline, the feeling has not bee
so much depressed and there isa Sigh
inclination to react, but in the preser
, unsettled state of affairs, no positiv
, firmness can be asserted. CoTroN-
| Has also declined fully L cents. Th