Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1873-08-22
REVIEW
WILMINGTON MARKETS,

WILNl Nd UM mAnNE ] y,
1855 FOR TIE
WEEK ENDING. THURSDAY,
August II, 1873.
THE COTTON CROP.-Too much
rain has fallen within the past few
weeks. and it is feared that the cotton
crop viii receive severe injury there
! by. With this drawback, and with the
exception of 4 few minor obstacles to
planters, il is thought that the yield
viii average fully with last season. In
the lower part of Georgia, and adjoin-
ing portions of South Carolina and
also Western Carolina, the caterpillars
are doing some damage, but farmers
are making wax upon them freely with
''Paris Green" and at present "Paris
Green" seems to have the advantage.
Too much rain has also fallen for the
benefit of other crops. The corn
crop and small grains are suffering
but much damage cannot occur
to these, however, as the season
is too far advanced We hope next
of the South Carolina crop, and the
week following full report, with or
estimate upon the growing cotton
crop, which we have withheld until the
crop should be fully established.
COMMERCIAL EPITOME.-Th
week has presented many drawbacks
to an active trade. The rainy weather
has had depressing tendency upon
business and somewhat restricted
| operations, despite of which there
was a pretty fair movement in most
articles of produce and merchandise.
| The market has, however, with few
exceptions, been heavy as regards
prices, and in most branches there are
considerable declines. The season
has nearly arrived for a general re-
vival of H. mess, but thus far the az
rivals of vessels are few and mostly III
ballast; while departing vessels are
| loaded to their utmost capacity, at
high rates; i'll fact the extent of Cur
exports seems to be mainly question
of CARRYING capacity. At the FIX
chage" the attendance of buyers and
sellers was larger, but the volume of
business does not roll up as heavy as
on previous weeks. The fact OF this
restriction of business may be attrib
utcd to the extreme scarcity of ton
mage and the high rates asked for for
eign berths, and 10 the large receipts
| which have accumulated for the want
of sufficient tonnage to supply The de-
mand existing for freights. The conf
dence displayed in the market noticed
in our last is in part kept up, but
| there is not so firm feeling existing
for future speculations, and the bust
crease The sales however, though
small, note still a good feeling, and
purchases for August or September
cannot he rffeoted for any lower rates.
II the ''spot" market tho transactions
also show some depression, but the
volume of business was comparatively
large, and some confidence is placed in
the culture" trade. Rosin.-The move
ment of rosin was not SO heavy as Oh
former weeks, and this week there has
| existed diversity of opinion rs re-
CARDS prices. In the early week there
was an advance of strained but the
market subsequently reacted and re-
ceeded to its former position. The
export movement is not as large as the
supply here will admit, but this is in
part, owing to the few arrivals of ton
mage and TO the increase of rates.
The receipts were heavy and there is
some increase of stock, which is put
down to-day at fully 1000 bills, in
in yard and aftoat. Spirits turpen-
tine.-There is the same dull
feeling attendant on the market as
was noted of rosin. The same adj
vance early in the week and the same
decline subsequently. The receipts
are heavy. The exports are light and
the stock is estimated to-day at $4,000
casks, CRUDE TURPENT1NE-Has ruled
very steady with the exception of a
slight advance early in the week, which
is maintained at the close. TAR-The
feeling of tar is rather weaker and the
tendency of prices was in favor of
BUYERS all the week. The decline this
week was 60 cents and at the close the
tendency is still in favor of buyers.
} CoTToN-This staple was dull all the
week, and the lower grades, of which
the stock mostly consists, have declined
! to small figures. The stock of Cotton