Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1873-12-26
EcCC,sr Ser -. 1879.


!
COMMERCIAL EpITOME.--Oul
review has bean brought to :, clos.
one day earlier TINS week than usua
owing 20 the recurrence ii Christ
mas Oh Thursday, on which day we
| generally close our writing. The
weather has been exceedingly disagree
able for outdoor business tsis wceh
and some branches Of trade have pro
! bully suffered restriction. The gen
! eral situation has improved, rs has
| been noticed by y further case in the
| money market and further advance
| in most Of the leading staples, but the
! close OF the year always brings with il
| more demand for money 10 perfect
settlements and vixen We speak Of IN
ef3se of money We ezcinde the fact
! that there is more demand at present
than usually occuls. Many merchants,
their money preparatory to paying out
| or loaning the same again after the
opening OF the nev year. So that &C.
emf time IS only natural. The suppl,
OF currency at this place is not large,
but by the increased imitation OF the
=
reason to anticipate that there will be
greater ease in money with the cpcn-
ing OF the new year. Congress has
made no progress in financial legisla-
ton, bit the sentiment. seems to be
general, not only here, bat ut the
North and West, against a.1 imitation
OF the national bank currency, although
it seems probable that il will acquie
in an issnenf S14, 600, 000of sleeubaciz~
which Treasurer Richardson las al
ready taken the responsibility to make
The general commercial situation is
without important change Of note.
Tho delivery of tie IIrgilius to the
A,cGricau government has ended all
prospect Of further cxciteElout TO bust
ncsa from this source, ana the only
subject oi discussion and the theme
which IS the drawback to trade IS the
one spoken 0i above. Currency infia-
tiou.) vi the close of the year an
article on the finances Of the country
would hardly com" aruiss and We give
place with pleasure TO the following
Oh Finance and Trade" from that
standard financial and commercial
authority, the New York Shipping end
C9u1UCTciui List:
Gold has recede,l = little, the com
hinat on for rise having been selling
fcycly for the last faw days. to realize
&c recent advance. With the Spanish
question amic2hiy settled, one onent
Oh strength to the market has been re-
moved. and the spectators seem dis
posed to pause until it is seen what
Congress intends t. do or the tax AMI
currency question. In the present
strait OF the curreI.cy the alternatives
ere either to spend less Ct ra;ao more
money and there are hut two ways TO
ru.sc moncy-by borrowing and by
taxation. Congress has already an
thorizolt an additional appropria. 81. of
four millions to the navy, growing out
OF the tlrginius difficulty and as this
would seem to shut ont all hope OF an
early decrease IN expenditures, the
Treasury is thrown back upon the ne
C38SItv OF either increasing the debt or
OF iCyy!n% Ilew taxes. Business men
are decidedly opposed TO increased
taxation. hEo IN Preference to Imitation
they Will submit cbecrli'.y u all the
increase Of the former that tho neces-
sites OF the c1unsry render ltnpera-
tive, particularly upon such articles as
Tea. Coffee and SplritUoJlS Liquors.
1T seems at present pretty clearly set
tied that the Government viii Issue
almost tao entire aIN 1uut OF the re-
tired So Coo, n00 grecnb3cks, so tnat
by the time the Spring tra,ie cats TN
der IIiil neadwaY this volume Ut cur
rcncv is likely to re ,en lieariy lis high
est assumed legal ,iIait. in which event.
IL is not improbable that tho premium
Of Gold viii be forced mp II a hig .vr
point than It Las STAINED for months,
unless, indeed, some definite step shall
be taken 70 bring specie and green
backs into more Close Relationship. =
As Congress IS about 10 adjourn over
tie holidays, II IS hardly probable that
anything definite III the matter Will be
accomplished TIL the latter pant Of
Winter OF early Spring ; and mean
while an element uf uncertainty is
destined to hang about the markets
that IS likely to be more OF less pre- iu-
dicial 70 business. The result OF legis-
Iation upon the pe3ding financial
measures, W hatever it may be, has al
ready been largely discounted BY IN
advance in prices. though. ~ the c.csc.
values were Oh the whole less buoynnt
thar in the early part of tie week
1ne Naval Store trad. continues
large, and there Is a steady increase in
the exports 10 t..c Unit, i kingdoln.---
The exports this week showing . total
OF 10, Isl bbls Eoain and 2,757 casks
Spirits Iur. entine, against TOO casks
Spirits Turpcntine aud S,7Si biais
Rosin for last week. The first cargo
OF Cotton to Eyropo has To L
shipped this week, and there are fun
thcr evidences thai We shall have sew
arol others at IN early date. The IL.
BarQue Nelly arrio,l ou! 9S3 bales and
the BaIqu2 IsOb@. anderson 100 bales,
viii, Il makes n total nf ,0S3 i2airs for
the week, against 676 bales for last
week. The prices Is Ss.vyl St res and
Cotton were sustained during the
week, int the holiday. approaching
has served to distract the. attention al
buyers, and III ali probability We shall
have 2 dull market until after they axe
over. RosIN-Has been quite active
all the week. h'Ig there - some d.
preston 1T inc close and decline j.
recorded. '5eIRGTs TrarESIlSC-Eias
been bo;lyant, ard carly In the weak
there WAS = sharp ;,dv&nce, but
at the close Willis ~. 1eport lID 81"
cline there IS less disposition ~ r.lor-
chase and fine market may he written
steady. CrCDE ICRpESJ.,;i:- ii.t.ls
are no ncw features ID report. The
market IS substantially lie same
Tara further rapid Increase OF stock
has brought Wit. il 1uliuess. but
by concerted action Of aci.ars
prices have been maintained. Cor
Tox WAS du.5 carly i'll tie week, bur
toward the close there is some revival
to be noticed, and 1t raay be written !
cent higher. DIY GooDa-Ae the sea
son draws toward Il close the distyibu-
ton of dry goods naturally becomes
less liberal, though there Is still com
parativaly fair business doing for this
period of the year and the tone Of the
general market IS steadily improving.
Jobbers are not disposed to stock up
much beyond current necessities in
view Of the Deer approach OF the open
ing o. the cew year and the annual &C
COUNTING Of stocks, bit where agents
are offering q line of staples ut prices
al al! below tie nominslIy quoted