Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1873-08-29

successful Fall trade than last year
We have not, for instance, the dis
turbing influence of an exciting Presi
dental election, nor the depressing
effect of a colossal conhagration like
that which laid the best part of the
business section of Boston i'll ashes
Aside from the e immunities, too, we
have many encouraging influences
Overtradlng has received a decided
check; the country is exporting more
and importing less OF unnecessary ar
tlcles than for few years past. The
crop Of cotton is likely to prove full
one, some experts estimating that it
| will be the largest since the war; the
wheat crop Is pronounced the largest
and hest we have ever had; the corn
crop is not SO large as last year, but il
VIII, with the large surplus of old in the
country, afford u full average for ex-
portatlOn, and the minor crops appear,
as a whole. to be equal to an average.
'fhe food necessities of the dependant
countries OF Europe, moreover, are
such that the cereal crops are likely to
yield fair returns. These are essential
elements i'll connection with the Fall
trade, as prosperous agricultural
season rarely fails to bring prosperity
to industry and commerce"
Taking the remarks of our esteemed
contemporary as a. basis to form our
speculations in regard to the coming
season, we do not hesitate to surmise
that our city will pass the coming sea
son second to no Southern market in
the Commerce of the world. The
indications at present point to q sue
cessful season for the producers of
naval stores. We have now already
cleared for this port $50 thirty nine
foreign vessels, besides numerous
cOastwise vessels, to take cargoes from
this port. Many OF these vessels will
import many articles of manufacture
to this country, and seven for this port
are laden with ''hoop iron, salt, bag
ging, &C." and besides this, all these
vessels will be reloaded with naval
stores and produce generally, and the
export foreign and coastwise will be
considerably larger than several
seasons. The merchants placing con
tidence in these facts, have been hold
ing their naval stores until the stock
has accumulated considerably rather
than sacrifice them at low figures
which the heavy receipt and increased
stock have induced. The market for
naval stores to-day is as firm as the
above influences will admit, and it is
impossible to effect purchases ut any
lower prices than ut present rule.
The attendance at the Exchange"
was large and there has beer a more
animated feeling existing among buy
ers, for speculations and export.
Futures however have not been SO
largely in demand, andrthe enquiry
exists principally fer spot sales.
RosIN-The movement of rosin this
week shows a considerable increase on
the volume of transactions of last week
and besides this increasing of bust
ness, there has also been n steady
movement and there is not experience
ed that depressing influence which We
noticed in our last report. At the close
of.business the market istirmand there
is everyindication of an advancing rate.
SPIRITS TURPENTINE.-Th export
movement this week, was large, and
there is more firmnoss manifested,
owing to the falling off in the stock.
The advances were steady, which indi-
cate safe and substantial foundation.
CRUDE TURPENTINE has ruled without
change. The receipts are consumed
on arrival and there lis no accumula-
of this article. TAR has received a
few fluctuations but there are no es-
sential changes of price worthy of
mention. CoTToN-The market con-
tinues very quiet and inactive. The
receipts are light, and the stock does
not exceed 300 bales, which will be
entirely disposed of before the new
stock arrives. PROvIsIoNs are still
firm and boughtout but there is no
essential change this week. North
Carolina bacon is scarce and wanted,
but the market is we'll supplied with
Western shoulders. sides, and hams.
GRAIN continues without any import
ant chango-CoEN is steady, OATS
likewise, but PEAS are a little tirmer,
and there is more demand for them.
DRY Coon The volume of business
has been quite satisfactory to most of
the johbing houses dming the week
although thore has not been much
increase over last week There are q
few country merchants coming to the
city and in week more We expect to
see large increase III business gen
orally. There will be many important
changes of location this fall, and retail
ers are sacrificing their stocks at
bargains in order to make room for
new ones, and to relieve them of the
necessity of removing them MONEY
In our local money market there has
been a moderate degree of animation
during the week. The demand for
discount at the banks has been fair and
the rates for long or short periods
have undergone no change. The
financial outlook, upon which is based
the expo citations of merchants for the
Fall trade, is very favorable, and
there is reason to believe that money
will be circulated freely.
The changes of prices of the lead
ing articles of produce and merchan-
die, and the special features of the
market for the week ending, are re-
viewed as follows:
CO1TON-Old king Cotton" the
"exciter of markets" the "advancer OF
gold' &C., and the chief staple of trade
has entirely subsidized into mere
nominal condition as regards his work
iDpc on our mor1at-within tho mast