Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1873-05-02
Fl VIEW
OF THE
WILMINGTON MARKETS,
For THE
WEEK ENDING. THURSDAY,
May 1, 1870
Fl E VI Ew

from the crops for the present week is
confined to the line of the Whining
| ton, Charlotte & Rutherford Railroad.
The farmers had commenced planting
cotton, when it got SO dry that ploughs
could not be run and the earth would
not have sprouted the cotton if plant
ed, so that the operation had been
stopped until season of rain could be
had. This came on Monday and Tues
day of this week, 28th and Doth insts.,
and so far as we are informed was
general in the cotton region. Some
cotton had been planted before the
dry time set in and came up finely,
but on Friday, the 25th instant, q
heavy killing frost fell on North Caro-
lima, South Carolina and part of Geor
gia, and in some sections there was a
young cotton was killed or so injured
a. to require replanting. When the
crop is pitched we expect to make full
weekly reports of its progress to the
end of the season.
COMMERCIAL EPITOME. The
general market has assumed IL more
cheerful aspect during the past week,
and the outlook really presents some
encouragement to holders, although
there are 10 indications of an immedi-
ate improvement. Trade is still
restricted by the extreme strin-
gency OF money, yet there has been
generally more looking around and q
fair business. all things considered has
! been done.
The New York Shipping List, com
menting upon the general condition OF
trade, says:
TRADE matters are progressing fav-
orably in most departments, and when
all the interior water routes become
available, business cannot fail to re-
caive n decided impulse, but the more
conservative course of merchants may
| keep the volume somewhat below the
usual average t. the end of the season.
The hard financial experience of the
first quarter of the year cannot be re-
garded as an altogether unmixed evil,
/ since it has unqIcstionably put a check
upon excessive commercial oyeraction.
! The whole country is wonderfully
wealthy in its material resources and
industrial energy. Tt IS full of pro-
| duction, and trade has kept fully
! abreast of it. On n great amount of
business which gives largely employ
ment to both labor and capital, how
ever, the profits, it should be borne in
mind, are exceedingly slender. The
signs of the times are not of any great
depression of industrial enterprise, or
| of financial revlllsion; but that we
arc inaugurating an era of high rates
of interest and small profits in bust
ness, which ought to impress business
men with the necessity of moving eau
tiously."
Resins have been fairly active, but the
market has favored the purchaser
almost entirely. Spirits Turpentine
was steady early in the week, but closes
with decline, and q declining ten
dency. Crude Turpentine also has
been dull, and prices have favored
purchasers. Tar has shown only &
slight improvement. The market has,
however, exhibited a firm undertone,
and receivers have placed lots with
little exertion. Cotton-There has
been more activity displayed than TO,
for some weeks past, but as regards
prices there is little if any improve
ment. G1ain.-The grain market has
been active, and prices have advanced
shade for cargoes. Provisions also
show an advance of to ! cent. A
the close the market is easy, and buy
ers are awaiting the results of the Gin
cinnati and Baltimore markets. DRY
Goods.-There was dull market earl,
in the week, owing to the rainy ant
disagreeable weather, but for the las
few days there have been more countr,
merchants in town, and the volume G
business has increased. The none,
market is very tight. The Banks an,
Banking and Loan Associations hav
, plenty of funds on hand, but the rate
of interest and discount is so heav
. that outsiders are unable to borrow
The special features of the market an
. the changes in prices of the leadin
articles of merchandise for the wee