Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1873-10-31

dress goods. can be bought at reduce
prices. WOODEN goods are selling to
fair extent ut pretty fall prices. Thtr
are few changes in prices, but THIS
few are in the direction OF decline
GRAIN-Has ruled without change
pRovfS1oNs-fiave declined o. cen
on all Western productions. MONEY
The financial situation shows little i'm
provement, ana rs q consec, lienc,
money is tight The banks have mod
erately increased their cash means, bu
are unable to render but little assist
ance to merchantstin discounting, bu
are renewing ali maturing paper.
The special features OF the week and
the changes ~ prices of the principal
articles of produce and merchandise
are reviewed As follows:
COTTON--The. market has. been
steadily giving away for thelast month
and during the time has declined fully
4 cents. The closing or partial stop
page of many of the cotton mills. has
! cut short he demand to n large extent
while the high ocean freights and
present condition OF foreign exchanges
has had the effect TO further depress
prices for export movement, The de-
cline in Cotton this week has been
fro-2 ! to | cent p Ii. but the general
impression seems to be that tho mar
ket hns about touched bottom. though
in view OF the above men: Toned conse-
quences, prices may go lower. The
receipts at our port for the week were
as follows !: Friday, 3Sl bales ; Satur-
day, l16 bales, Monday, 800 bales !;
Tuesday, 162 bales Wednesday, 272
bales Thursday, 81 bales. Total
1,343 bales ; against ], 400 bales for
last week. The exports for the week
were 5S3 bales and the stock to-day is
2,0S3 bales. The sales fOr the week
foot up $40 bales at figures ranging
from II to IN cents r III. The Fl
l0aciQ{ Chronicle has the following
on the decline THE shrinkage in
values resulting from the late panic has
made further and very decided pro-
gross, SO far as cotton is concerned,
during the ps st week. There appears
to be general disorganization of all
monetary affairs, and although at this
centre an Improvement is evident week
by week. and there has bcrn decided
advance during the past seven days,
yet very much ground remains 10 be
recovered before business will begin
20 approach its normal condition. This ;
dis0rgarization is showing itself in the
continued arrangement of the foreign
exchange market crippFng shippers IN
their movements III tho arrangement
Of our domestic exchanges, and Ill the
boarding Of currencI, and the consc- i
cucnt pressure to sell cotton to acquire !
currency, while spinners for these and
similar reasons are being forced to
close their mills and finally, in the
entire wiping out of all spirit or Gispo-
sition for speculation. Shippers have
also had to contend the past week
against higher rates for freight. The
natural result of all this is seen III the |
not to say recklessness,
with which cotton has been pressed |
for sale at the wharves and IN the ma
terial decline in prices which has Ia
ken place in our market, and the more |
rapid declinei in heSouthern markets" !
The general cotton movement for |
the week vas as follows: It appears
t, AZ the total receipts for the seven days ,
have reached 100, 452 bales against /
IS, 100 bales last week, -, 74G bales |
the previous week and 52,67G bples |
three weeks since, making ihe total |
receipts since the first OF September,
1873, 36l, 752 bales against 526,214
bales for the same period of 1872,
showing q decrease since September
l, 1873, OF lG4, 463 bales. The export,
for the week ending, reach total of :
26, 42l bales, OF which 20, 943 were to .
Great Britain, sos to France, and
1910 to the rest OF the Continent
while the stocks as made up are now
205, 419 bales. The market is quoted
iull to-day at the following figures
Ordinary. ........1I cents.