Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1873-10-17


as the raw materials keep up vel
MoNEY-The money market has ease
l'np considerably during the. curren
week and depositors have been able
receive more Accommodations at tn
banks. Currency continues scarce bu
the flow is more general and in fe,
weeks decided improvement IS an
! ticipated in the supply. The bank
are discounting and renewing note
for either long or short periods at thu
usual rates of discount
The SPECIAL features of the week ani
the changes Ct prices of the principal
articles of produce and merchandise
are reviewed as follows:
COTfON-In cotton there has beer
10 lack of animation this week, and
the movement was large, but under
the influence of the decline at the
great markets and the increase OF
receipts at the ports, there was q
break on Monday, and since then
there has been a decline of l to l I,
cents, with a dull and easy feeling
prevailing to-day at the close of our
writing. The receipts at our ports are
more liberal and for tho week were
827 bales, which show up larger than
any week Of the present season. 1t is
generally believed that there will be a
further decline, owing to the increased
receipts at the ports, and the large
estimates of an increased production
this season. The Financial Chroni i.
c1e gives the following on the decline:
"Financial affairs the past week, al
though steadily gaining, have not
shown any rapid or marked improve
nient; consequently commercial inter
ests have continued without much
apparent life, the difficulties in the
way of the movement of merchandise
being aggravated by this delayed re-
covery i'll monetary circles. Cotton
has share in the general stagnation,
showing however but slight huctua-
tions, though the strength and charac-
ter of the demands have been variable.
Monday there was n good inquiry for
export, but little else was done
was dull. Wednesday there
was more doing for export, with fair
business for consumption. To-day
shippers were embarrassed by the
lower rates for gold and exchange.
and spinners purchased sparingly, and
as result prices fell OF ! per cent.
Offerings during the week were limit
ed, and Liverpool has been active and
higher, while the receipts have aver
aged scracely moro than half as large
as last year; these facts have sup
ported the market, notwithstanding
the actual business done has been so
small. For future delivery, until to-
Gay, increased strength has been de-
for the early months, with
good degree of activity, while the
later months have varied but little,
not showing any considerable activity
In fact, there has been little DISPOSE
ton to speculate upon the general
result of the crop. But for this and
the next two months there has been a
strong inclination to secure supplies,
md we are under the impression that
most of the purchases for October,
November and December have been
by parties who will want the cotton.
To-day the market was dull and weak,
the whole turn of affairs beieg toward
lower prices"
The general cotton movement for
5he week was as follows: 1t appears
hat the receipts for the seven days
nave reached 1916 bales against
g, 676 bales last week, 40,929 bales
he previous week and %, 673 bales
,hree weeks since, making the total
receipts since the first of September,
1878, 1872, 7Si bales against 31S,O3S
bales for the same perio1 OF 1872,
showing decrease since September
|, 1873, OF $50. Psi bales. The exports
Tor the week ending, reach a tota! of
Is, 100 bales. of which 1929 were to
Great Britain, $50 to France, and
J, $50 to the rest of the Continent,
while the stocks as made mp this even
ng, are now 134, lib ba,es. The sales
Tor the week were 800 bales at the
following figures: II, IA. H.. 10, -,
~. 80, 1G, 1G.. 163, 1G4, II, IL
'eLts + ID. We quote as follows: