Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1873-09-26
staple is being received in larger guam

ed also by tho financial crisis. Pro
vIsIoNs-The market is steady at for
nler figures. The trade is compare
lively healthy, but there is only light
movement. GRAIN-Corn is steady at
former figures. OATS are unchanged.
PEAS are nominal. There is no stock
of Importance and the demands are
limited. DRY GooDs-There has been
quite number of merchants from the
interior in the city this week and trade
has been lively in all departments
There has been good distributive de-
mand and the merchants have been re-
ceiving large stocks to supply the
trade. There is considerable more &C
tivity in dress goods, both foreign and
domestic, and as almost all foreign
wooden or woosted fabrics are duplica-
ted by the mills in this country, the
competition keeps prices at a reasona-
bic point. In wooden goods there is
an increased demand for blankets, fan
nels and shawls-in short the trade IS
active in all departments. MONEY
70 say money is tight, is only using a
phrase which does not describe the
stringency which has been felt in com
mercial circles this week. The fnan-
cial panic has caused such feeling of
caution, that the banks are only dis
counting the most acceptable paper,
and in most instances have refused
their usual accommodations in their
line to merchants and customers gen.
orally. Tie Baltimore Gazette says ::
'"The stringency in money during the
past week has not been equalled since
the great panics of 1910 and 1857.
This has been caused by the terrible
feeling of uncertainty as to how far the
trouble in New York would extend,
and as report after report of failures
came in, capitalists and bank officers
stood aghast. The direction that the
storm seemed to take pointed clearly
to the fact, that the time long expected
when the people would lose confidence
had come, and the too extended credit
given to railroads be ut an end. All
the failures SO far have been those of
houses closely identified with these in
terests, or of ''bull' brokers. No large
house engaged in regular commerce
has yet gone down, nor does there
seem to be any fear that there will be
any fixtures of this kind. The country
never was in Il better condition to meet
such a crisis. Tie West and South
are rich, and have bee n SO for months.
Our jobbing houses ale receiving daily
large amounts of money from custom
ers n these sections, and it supposed
that more money has come in during
the last week than during the previous
sixty days"
The changes of prices of the leading
articles of produce and merchandise,
and the special features of the market
for the week ending are reviewed as
follows:
COTTON-Is the only staple that
has exhibited any degree of animation
during the week. In spite of the fact
that we have had n very material de-
cline in prices and other markets have
ruled extremely dull, buyers here have
shown disposition to purchase all the
week, ana sellers, anticipating a still
further q tcline, have met these advan-
ces, and we have had liberal transac-
tons The reduction of quotations
this week was l to cents on strict
good ordinary. low middling and mid
ding. Other grades have not met
with much sale, owing to the limited
demand and to the fact that the bulk
of the offerings We're principally of the
new crop and finer qualities.
The Statistician of the Department
Of Agriculture, after a careful revision
Of the monthly returns, gives the fol-
lowing as the present status of the
cotton crop:
"The indicated increase of area is
little over 10 per cent. The condition
of the crop is higher than in Septem-
Der of last year i'll Arkansas, the same
other cotton States Worms have been
more abundant, yet their ravages have
been disastrous or sweeping in few
cases. The season has been remarka-
bic for its rainfall, tending to further
depreciation of the crop otherwise
the conditions have been quite favOra-
BILE. Fertilizers have stimulated
growth, and labor has been steadier
and more reliable The averages are
as follows Virginia, 90; North Caro-
lima, % South Carolina, Sc Geor-
gia, 90 Florida, So Alabama, IS
Mississippi, 50 Louisiana, SO ; Tex
as, 90 Arkansas, 90 Tennessee, 90
Missouri, So. In September, 1872,
Virginia, 81 ; North Carolina, 1O1
South Carolina, % Georgia, 90
Florida, 81 ; Alabama, 3d. Missis-
sippi, 80 ; Louisiana, Sc Texas, o.
Arkansas, 78; Tennessee, o. The
cotton fields in North Carolina gene
rally make fine show of vigorous and
fruitful plants, the exceptions resulting
more from the falling of forms and
bolls, in consequence of too abundant
rainfalls, than from the presence of
worms In South Carolina similar
dan age from excessive moisture Oc
ours, and the caterpillars threaten a
partial Or total destruction OF the crop
i'll several counties.
The receipts of the new crop are
gradually increasing and for the week
foot up 3Sl bales, against 29l bales for
last week, The exports this week
were only 81 bales and the stock i'll
market is 459 bales.
The general cotton movement for
| the week was as follows 1t appears
that the total receipts for the seven
days have reached 23, G73 bales against
| 13. 5GJ bales for last week, 1856 bales
the previous week and 1927 bales
three weeks since, making the total
receipts since the first of September,
1873, 4 ,O93 bales against 81, 1913 bales
| for the same neriOl of 1872 showing