Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1873-06-27
REVIEW
OF THE
WILMINGTON MARKETS,
FOR TIE
WEEK ENDING: TEgGRSDAE.
June 56. 1873.
REVIEW
COMMERCIAL


general trade continues very quiet not
only here, but ut all the principal cen
tres of trade, and there is q complaint
among business men throughout the
entire country and commercial world,
of the Improbable results Of most
trading operations. Notwithstanding
the depressing news and alviccs from
all the leading markets, ours during
the past week, has proceeded all
others, and the volume Of business III
most articles OF trade has been large.
The chief features of the trade during
the past week have been principally III
naval stores and cotton. Nothwith
standing the extreme absence Of any
speculative demand for the former,
and the unfavorable outlook. there has
been more done in the,wayof sales this
week, than any preceding one for
month or so past. ED$i,i&, both spot
and future transactions have been
large, but in this line sellers have
been Withholding, ,much OF til; il stock
from market to cover short deliveries.
At the close OF the week we notice
considerable transactions for July and
August delivery OF strained at about
the present figures, giving evidence to
the fact that buyers have confidence
IL the future market. Spirits Turpen-
tine.-Ihe large export demand noticed
in our last and the steady feeling
prevailing then, has continued
through the present week, and trans
actions for future as vel as spot, have
been larger than any week for several
past. Grade Turpentine and Tar have
passed through the week without any
essential change, the m;il kct ruling and
closing steady ut last weeks prices.
Cotton. has been some excite
ment i'll cotton, but the corner III New
York having broken, it. is expected that
In & few days the demand here will
alate, and the market resume its for
mer position. Grain -Thcre has been
little if any, excitement III The market,
prices opening and closing quiet and
steady ut former rates. P/'orfsiO"*.-
! The market is without any important
| change worthy OF mention, about the
usual damand has existed and traneac-
tons have been fair, with prices clos
ing unchanged. Dry good. There
was very little doing, as is expected i'll
the wholesale trade during the week,
| expectations have not been disappoilt-
Cd, there being only n moderate order
light retail demand, except fo- the
lightest of Summer fabrics Money
| The duilness of trade in merchandise
| is reflected in our money market, the
evidence being the reduction III dcpos-
it's, and less active demand foi. DIS
count. Money is reported quite close
in the country, which report is con
firmed by the difficulty experienced by
merchants in making collections. The
special feature of trade and the
changes in the general merchandise,
market for the week ending were rs
follows:
| COTTON.-TLe cotton movement
in our market during the present weel
has been larger than FOR several months
past, notwithstanding the fact that tht
bulk of our stock is of undesirable
STYLES and that holders of fine grades
have asked exceedingly high figures
The demand this week has been total,
speculative, very few purchases having
been made for export. AT the opening
of the week, under the influence OF tht
speculative operations in futures il
New York, n further advance of ! cen
.. was gained and subsequently an ct1or
was made for higher quotations whic?
was not realized, and the closing lig
,lres have prevailed during the 'wecl;
, The 1Dtr,rinA tsiiITTnmhCidiC hrOD
sclc, commenting on the late RS,
. says
'STIe Liverpool market has been III
changed in price and without spccia
3 activity. This want of response to til
; rise here, together with the decline i
! gold and higher ocean freights, hav
: stood in the way of any movement o
foreign account, lille the deman
y from spinners has fallen off materially
= SO that the influences supporting price
have been entirely speculative, base
upon the reduced stocks, large shol