Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1873-05-09
REV
OF THE
WILMINGTON MARKETS,
FOR THE
WEEK ENDING THURSDAY.
May =, 1873.
r e v ! e w

THE CRCPS.-It is impossible at
this time to speak of the cotton or corn
crop. The frost of the 25th of April,
destroyed or SO injured the young cot
ton, just up, that in most cases it has
been replanted, and the last planting
is not showing itself yet, the seed
which were planted during the drought
of April are just beginning to sprout,
SO that there is no cotton of conse-
quence above ground. Our informa-
ton of corn is that the frost killed
nearly all that was up, and that in some
places corn nearly foot high was kill
ed down. Farmers are busy every
where trying to remedy matters, but
at present there is great confusion in
both the States which we report
CONGREGATIONAL Trade
in most branches of business has been
very light during the past week, with
few exceptions. as will be seen by ref
erence to our review below. The bot
tom seems to have fallen wholly out of
the naval stores market, notwithstand-
ing the favorable outlook at the pres
ent. In almost every instance of
transactions sellers have had to con-
cede to the wishes of buyers. At the
close, however, we are glad to notice
that there is more confidence prevail
ing, and sellers are not pressing their
offerings on buyers. The condition of
the market is however very unsettled,
and it is hard to tell which way it will
turn. Sellers and holders have, how
ever, strong belief that as soon
as the pressure now on the
money market shall case up,
that prices Will revive again. Cotton
Spectators and shippers have dealt in
the article to fair extent. The mar
ket has ruled very quiet and the huc
tuations were OF no Importance
Grain.-The grain market is tirmer
and has advanced y cents for cargoes.
Provisions.-All articles of provisions
are firm and holders are asking full
rates on Western meats. Dry Goods.
The volume Of business has been
fair since our last report, but scarcely
mp to the preceding week. Money
There has been a steady gain at the
banking houses in the ability to dis
count, and although the demand for
money has been active, the market has
been comparatively easy, and the
banks have been able to discount all
the acceptable paper offered by deposit
tors and have seldom refused outside
applications. The special features of
the market and the changes in prices
of the leading articles for the week
have been as follows:
COTTON-There has been very lit
tie activity this week in Cotton, though
a fair amount of business has been
done in it, some purchases being made
by shippers and spectators. The
market has exhibited the same general
features as for some weeks past, good
grades, which are scarce, having
throughout been steady and tolerably
firm, while the low grades, with which
the market is glutted, have only been
saleable at very low figures. Prices
have varied very little during the week,
though the market is somewhat lower
in feeling at the close than at the open
ing. The receipts are gradually de-
creasing at our port, but at all the
ports still hold good and bid fair to
equal, if not exceed, those of the year
of 1871-72. The exports from our port
are considerably larger than the re-
ceipts and the stock is gradually falling
off.
The cotton movement for the week,
as compared with that of last week,
shows slight increase in the receipts
and exports. The receipts at all the
ports for the week were 48,046 bales,
against So, $50 bales last week, 48, 94a
bales the previous week, and 1896
bales three weeks since, making the
total receipts since September 1, 1872,
3,25S, ITO bales, against ], $50, 269 bales
last year. The exports from all the
ports were 59,622 bales, against 80, O21
bales last year, leaving a stock ct q
the ports of 49, bales, agains
25s, $50 bsles in lsTa,~' At the interior
towns the stock is 80, 65S bales, agains
Sc, 352 bales for the same period of las
year. -"
The sales for the week are about 81