Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1873-08-22

| generally are hrmer. GRAIN-Tht
grain market has ruled quiet-Corr
las declined little. OATS are steady
and PEAS are frmer. The stock OF
'ECorn is large, but Oats and Peas very
Light, sufficient, however, to supply
the light demand. DRY GooDs-There
1 is some little Improvement in the dry
goods trade. The early buyers of Fall
stocks have gone North to effect pur-
chases, and those of the buyers who
ponding and looking around to effect
early purchases It is thought THAT
there will be no material advance in
any of the domestic fabrics this Fall
MoNEY-In our local money market
there bas been moderate degree of
animation during the week. The de-
mand for discount at the banks has
| been fair and the rates for long or
short periods have undergone no
change. The financial. outlook, upon
which is based the expectations Of
merchants for the Fall trade, is very
favorable, and there is reason to be-
lieve that money will be circulated
freely. -:.-
The changes of prices of the
leading articles of produce and mer-
chandize aud the special features of
the market for the week ending are re-
viewed as follows
COTTON.-The market has been
heavy all the week-especially for the
low grades and mixed lots of which the
stock here chiefly consists, and al
though there was some demand, and
sales have been liberal in the aggre-
gate, they have been at pretty low
figures. Nothing has TRANSFERRED to
change our opinion i'll regard to the
future course of prices as expressed
in n previous review some weeks since
That our readers and the planters may
know the position which is expressed
of the great cotton market, we will
furnish them the bent fit Of the month
ly circular Of Smith, Edwards & Co,
of Liverpool, just to hand, touching
the prospect of prices during the An
tum. We extract the following:
1.-The position of our market this
Autumn, will be regulated more by
the actual supply on hand than by re-
mote prospects. Our import of Amer
lean cotton is now IL, arly over till the
new crop arrives, and there is # large
consumption going on which will re-
duce stocks rapidly for fonr months,
and apparently we shall have, as usual,
actual scarcity before the new cotton
arrives in quantity. Under these cir
cumstances it seems probable that
holders will reap some advantage, cs-
pecially i'll the lower grades of Ameri-
can cotton. With regard to Surat cot
ton tie prospects are hardly SO good.
The consumption keeps small, and the
spinners adhere with unusual tcnacity
to American. No doubt the better
grades of East India are very cheap,
and when the export demand sets fairly
in, as it surely will do later in the Au-
trmn, an improvement may be looked
for; but we doubt if Surat cotton Will
show the same elasticity as American
and it is clear that an ample stock
will remain in this port and London
till the end of the year. If American
cotton late i'll the season should adj
vance materially we should expect
decided movement in Surats, but not
till then. Bengal cotton, which was
so long extremely depressed, is coming
into better demand, large sales have
been made of the yarn produced from
this short stapled cotton at remunerG-
tive prices and considerable purchases
have been made to cover these sales.
At the same time there is heavy
stock of Bengals, both in London and
Liverpool, on which the loss is some
thing frightful, in many cases We be-
lieve 40 to so p cent. and it will be
tedious process before this old stock
can be cleared off,
The general cotton movement for
the week was as follows:> It appears
that the total receipts for the seven
days have reached 10, ISL bales against
10, GS4 bales. last week, ,255 bales
the previous week, and 12,61S
bales three weeks since, making
the total receipts since the first of
September, 1872, 1857, 739 bales
against 2,714, 1876 bales for the same
period of 1912, showing all increase.
since September LIST, 1872, OF SS3,303
Lales
The exports for the week ending,
reach a total of II, 104 bales, OF which
1925 were to Great Britain, 10 to
France, and none to rest of the Cont
nent, while the stocks as male mp this
evening. are now 1874 800 bales.
The receipts at our port for the week
reached total OF 207 bales. The OK
ports were 433 bales and the stock is
reduced to 40 bales an I is gradually
decreasing.
The sales for the week reached i
total of 112 bales ut figures ranging
frem to III cents e lib. We quote
as follows:
.nyv Culinary q cents