Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1873-10-03
for Yellow Dip and Virgin. TAR
also declined rapidly, but subsequent

! ceiyed some attention, but there was q
decline and duliness of feeling in sym
/ patty with other markets, but later
there is an improved feeling noticed
and quotations are fraction higher.
| tRAIN-I5 without material change.
Corn IS steady at former figures. Oats
are quiet and unchanged. Peas are
scarce and wanted. PEovisIoSs-
There were no important features and
| the market is written steady at former
figures. DRY GooDs--The trade in
this line has been less effected by the
financial troubles than most branches
Of business, but it has nevertheless
fallen OFF considerable during the last
few days and falls below tie preceding
week. There has BEEN no change IN
prices OF either cotton or wooden fab
RIGS, and should the storm blow over
IN Il short time, we see 40 reason why
values i'll dry goods should be mate
rally affected, bat for the time being
there 10 a general disposition to con-
tract no new obligation, and country
merchants are buying with extreme
caution and much less than they would
have done a week ago. MoNEY-In
orr local money market tic effec5 of
the panic has not been felt with any
importance up to the last OF the pre-
yious week, and the banks continued
to discount pretty freely for depositors
up to that time, but it then became
evident that greater caution was nee
essary, and since then accommodations
have been extended onlyin exceptional
eases. The market IS still very string
eat, and several of cur corporations
and many merchants are using certified
checks.
The changes OF prices for tie
lending articles and the special fea
lures for the week ending were rs fol
lows:
COTTON.-Ihe financial panic, and
the more liberal receipts at the ports
has had the effect to dcmoralize the
cotton markets ut the North, and ours,
III Sympathy, las declined to CORES
pond. In sp.:e Of the decline and tie
du!l feeling which prevailed, there has
been some demand, and Il very fair
amount changed hands carly in tie
week, hu: towards the close OF the
W, OK TIE views Of buyers and sellers
have been a?art, and consequently
there was some restriction to the move
ment' The New York ETaaacim
U1'onicle. speaking OF the decline,
says:
I'm consequence Of the almost IN
precedented financial crisis which has
proved so disastrous TO many first-class
banking houses, who, but few days
since, We're considered safe beyond
any possible contingency, business in
all branches OF trade has come to a
complete st3ndstill, and those who are
obliged to realize have to accept ruin
Gus prices. 1t is fortunate for the cot
ton trade that the panic occurred Just
at this time, Just at the opening of the
season, when our markets are cOmDara-
lively bare OF stocks. Had it come so
suddenly upon US two months hence.
GcctlttlUldttB
in all the markets, the consequences
would have been immeasurablv more
disastrous, and prices might have de-
clined to Il figure which we have not
seen since the war. As it is, the de-
cline on new cotton for immediate de-
livery since orr last report has been
moro than lie. per pound, and the
market last evening closed very dull at
the nominal quotations Of lee. for low
nliddIing, and lie foG 1niddIinG. In
futures, the decline for this months
delivery has been even more marked
aa,i Sudden, and the market closed last
evening at the following quotations,
viz : 1910. for September. 163 to
Is 13lGc. for October, II to II lice
for November, II 1-16 to ito. for De-
cember. II 9-32 to II J-1Gc for Ja1.ll-
ary, II to tic. for February, and
II l3-1G-o 18c. for March. It is I'M
possible 70 predict how far the price
OF cotton may be affected by tie pre-
vailing monetary crisis. We believe
that, So far, the worst effects Oh the
general merchandise markets Of this
country have been realized, but that
an Inevitable decline III the price Of
the staple from natural causes, rs re
Featedly predicted by us. has only been
accelerated by the crisis. We should
have looked for Il decline to 1.ic. for
low middling even without this crisis,
and under the influence Of the dis
turhed money market, and consequent
arrangement of exchanges We autici-
pate a still greater decline"
At the clo,e Of the week We notice a
slight improved feeling, and quotations
have advanced from TO cent The
market closing frmer.
The followingis t,lc cotton statement
for the week
1t appears that the total receipts at
ali the ports Cor the week ending were
IS, Sl2 bales against 50, 80 bales for
the same Sine last year. HE total re-
ceipts since September 1at, 1873, are
SIP bales, against 1J9, 419 bales for
last year. Tho exports for The week
ending reach Il total OF -,e06 bales,
against II, 229 bales for last year. Total
exports since September Isl, are
%, $50 bales against 80, t23 bales to
same date last year. Stock at all [.
D IoItH are 1901 baICS against To-
49, bales last year. Stock at all inte
rior towns Is. G3S bales. Stock at Liv-
erpool 7G3, 900 bales, against 759, 900
bales for the same date last year.-
American cotton afoat for Great Brit
ain %, 900 bales, against 1000 bales for
last year.
Tho sale: for the week reach total
OF 80 bales at figures ranging from ]3
to II cents per lb. We quote as follows ::
Low Ordinary .......10 cents.
Ordinary. IL
Good Ordinary. Ii
Strict Good Ordinary.15 g
Low Middling. ..13l -
Strict Low Middling 15lW1G g