Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1873-09-19
REVIEW
MARKETS,
FOR THE
WEEK ENDING THUIISDAY,
September Is, 1873.
REVIEW
COMMERCIAL EPTTOME.-Tb,

return OF good weather has cOntr1 but
| ed to the improvement of trade, and
business has been comparatively larger
| than usual this week, with some re-
vival of speculative feeling in some of
the leading staples, but taken as a
| whole, trade has been restricted by
the cramped condition of the money
market, and the small capital available
to transact business with. The mar
kets are also seriously affected by the
continued scarcity of tonnage, and the
large increase of stock, but there con-
tinues to prevail, the same confidence
which we have hitherto noticed, and
the arrival of several vessels has in
duced more firmness in the naval store
trade. There has been considerable
excitement also this week, over the
reported failure of well-known COM
mission house, and for the past day
or SO, business has received some
check, some of the houses awaiting
to see the result of the failure This
restriction is only temporary, and can
not be of any serious consequence to
any trading house. The fall trade is
nssfull blast, and there is much traffic
among the dry goods, hardware,
grocery and notion houses, and bust
ness up town has been enlivened by
the appearance in the city of country
buyers. Along the wharf, the infu-
IL
effect to restrict trade to certain
degree, but the speedy revival of a
general good feeling is anticipated.
The return to the city of many of our
merchants mas enlivcned the attend
ance at the Exchange" and there
was considerable transactions both in
''spOt and futures of ''rOsin and
spirits tnrpentina," cotton has also
received more attention. In the open
market there was lively bust
ness doing, and large quantities of
produce Exchanged hands at the
figures which ruieded. RosIS.-
In this branch of the naval !
store trade, there was not such good |
demand prevailing as was noticed |
last week, but strained was more
anxiously sought after but as
buyers rs a general thing were |
disposed to be clears there was some !
restriction and the movement was not |
large The finer grades have also re-
ceived more attention and sales were
recorded daily at the quotations of the I
market. SPIRITS TURPENTINE-There |
has been very little animation in Spi
rits Turpentine this week, and we
have to report Il dull and irregular |
market with some decline on last week. |
BUYERS and sellers assert that prices |
have about struck bottom and an early |
reaction of feeling is looked forward |
to. Buyers being aware of this fact, |
have offered very freely for the la st |
day or SO, but sellers, on The contrary,
have not desired to sell to any extent |
and are holding for higher rates. |
CRUDE TURPESTINE-The market has |
been subjected to the same influences |
as reported last week Of the bulls
and "bears," but the latter have again
accomplished their purpose and have |
further put up the market. Tar |
There is reaction of feeling and
prices have advanced 10 cents, and
the market closes firm. CoTToN-This |
staple has commanded more attention
during the week and moderate de- |
gree of animation has characterized |
the trade Prices advanced very regu-
lar early in the week but subsequently,
became juliet and steady at which pc
riod thep remain at the close of bust
ness to-day. PROvIsIoNs-Have re-
ceived no important changes worthy
of special report. The stock and re-
ceipts are large and the demand small.
Prices unchanged. GRAIN-The mar
ket has received a decline on former
figures. Corn is quiet and easy. Oats
are steady, but Peas are dull and
wanted. DRY GOODS-The trade i'll
this line continues to increase and is
now fairly active, with a brisk distribu- |
tive demand for ali seasonable fabrics,
and firm tone for all leading lines Of
domestic cotton and wooden goods. |
The advance in the raw material natu-
rally tends to strengthen the market,
and the comparatively light stocks of
many articles, and especially prints in
manufacturers hands increases this
tendency. There is considerable more
activity in dress goods, both foreign
and domestic, and as almost all foreign
wooden or woosted fabrics are dupli-
Gated by the mills in this country, the
competition keeps prices at a reason
able point. In wooden goods there is
an increased demand for blankets,
fannels and shawls--in short the trade
is active in all departments. MONEY
ThcIe has Icen n large increase in the
demand for money upon the Banks
this week in consequence of the more
active trade generally, but money is
tight and deposits have shown some
falling off, which renders discounts
hard to obtain only at high rates. The
banks have, however, met the demand
for discount of all acceptable paper at
their usual rates. The changes Of
prices OF the leading articles of pro-
duce and merchandise, and the special
features of the market for the week
ending are reviewed as follows:
COTTON.-This staple has attract
ed more attention during the week
| and we have had comparatively lively
| would admit. Cotton was firm early
in the week and middling advanced to
194@191 cents, (the highest figures