Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1873-02-14
REVIEW
REvl Ew
OF THE
WILMINGTON MARKETS,
FOR THE
WEEK ENDING THURSDAY,
February 13. 1878.

chandise markets, as we'll as the naval
stores market in a regular way, has
been very quiet during the past week.
! Spirits Turpentine and resins have
shown brlt little movement of i'm.
portance and prices have declined ma,
terially. There has been only mod
crate movement in provisions, with an
easy market early in the week, but
better prices for the past day or so.
Groceries have been quiet, but the
prices of staples were we'll sustained.
Cotton has been in very light request
with decline of ! to /. cents. The
local money market has shown q closer
! working, but the Banks will take up
all the acceptable paper Offering at the
usual discount rates. The change in
prices of the leading articles and the
special features of the week are re-
viewed as follows:
COTTON-The market has been
very dull and depressed during the
past week and, although closing with
steadier tone, and in fact showing
some reaction, there was decline on
Monday of / to ; of a cent. The New
York Financial Chronicle explains the
downward movement as follows: The
causes have been various, but most
conspicuous among them has been the
dullness and depression at Liverpon!
and Manchester This has been u
great disappointment to shippers who
seem to have believed that the COM
parativelv small stocks of American
cotton III foreign markets, and the
frmness of prices in this, and other
home market. would nj Least have the
effect of ho',iing Liverpool steady,
even if til" market lid lot advance.
The liberal receipts az. oui' ports was
probably the immCliat<' caus" of the
depression IA. Liverpool and thc down
ward turn there reacted mon this
market. resulting in loss of Snecnla
tive confidence and increased offerings
of lots held on speculation. The re-
ceipts at our port for the week were
SCI bales, but the exports were about
equal and the stock shows bat little
movement.
The cotton movement for the week
as compared with last week shows an
increase in receipts and decrease in
exports. The receipts ut all the ports
for the week we're 126, SCI bales
against ILL., GIG bales last week, 49,
1873 bales the previous week, and 1876,
22J bales three weeks since. The total
receipts since September LIST, 1872,
are 2,3I9, 1915 bales, against 1908, O53
! for the corresponding period Of the
previous year, showing an increase
since September LIST, 1872, of 31G, 1773
/ bales. The exports from all the ports
! for the week were so, 564 bales, against
%, 600 bales the same date last year
! The total exports for the expired por'
/ ton of the cotton year are ,334, 264
bales, against ,075, OPT bales for same
! time last year The stock at all the
| ports is JAG, $3.50 bales, against 30
4O7 bales for same date last year
The stocks at the interior towns are
{ IS. OBS bales, against IS, 05l bales last
pool is AS, 900 bales, against 1913, zoo
bales last wear. The amount of Amer
can cotton afoat fo1 Great Britain II
296, 900 bales, against 202, 900 bale:
last year. The anlS,.nt OF Indian cot
ton afioat for Europe is 1o5,0O0 bales
against 261, 900 bales last year.
The sales for the week will reach 20'
bales as follows IS, 16!, 16f, II, III
III, 17s, 10, ISL, 49,, 49,, 1903
cents = ID. We quote as follows:
Ordinary. ,-..,.,,.....l Ii cents
Good orfiinaf4 ...--. AZ!
Low Middlipg. .... 49,
Strict Low Niiddling- 194@1S. "
Middling. ....:......... 19S@19: "
Strict Miaalins. ,..,, iS4@e2O
SPIRITS TURRPENTINE-Th
Spirits Turpentine market OF the weel
.. has been SO inactive, and with so fe1
transactions that it has barely SUBSTANCES
the name of market. The first day O
our review friday the market showe'
scme animat.au of 4eelinS ard IS cent
rAt d the ,ansactions Saturday, how
ever, under the adverse advices fror
= the Northern market our market as