Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1873-12-19

! ofihfIh%laII LHi lOMi4 Ii;CrI
has been one business day less this
wsoI than usual, owing TO tbs genera
suspension Of business GA Friday o.
t'alr week. Trade during the week
has been comparatively quiet, but til.
market exhibits the same general fea
lures as for some time past, and for al
the staple cOmmoGitios prices are firm.
~ supported. Tie general tendency
OF the markets has been speculative
and we notice large increase in the
dealings for forward delivery. The
rapid disbursements of the reserve
currency by the Secretary of the Treas.
ury OF the United States has been
largely instrumental in contributing
10 al easy money market, which has
al o tended to promote an advance OF
gold which, as II natural CONSEQUENCE.
has lead to corresponding advance in
the leading staples of the country.
The Spanish question continues to
have some effect on the market, but
the greatest barrier to trade at present
/ 8 the uncertainty OF the action OF Con
! gress on the currency question and
until this IS settled business will receive
more or less some restriction. \ lead
| ing Western Journal i'll Il financial
artic OF the subject has the follow
ing:
The prevailing, and We may say
the popular idtns regarding financial
matters are more mixed at present
than ever before, and it Is apparent
! that Il Congress attempts to Iegislate
upon tie subject at all it viii find it 4
! herculean task to frstne law that Will
! meet with public appreciation. There
/ are two contendiuG and dramatically
/ opposite sentiments, not only between
different persons, but eveEin the mind
/ OF thc -"i.le individual among business
rI>u. All recognize that return to a
specie basis Is desirable, but few if
. any are willing OF ready to take TIE
first step toward it; on the contrary
thy insist upon 4 further imitation Of
the c1rTCncy. This looking one way
and rowing another by the people is
an Example which Congress will be
likely to follow If it takes any action
on financial matters, and therefore it
would seem to be better that the "let
alone" policy should be adopted
! The naval store trade Of the week
/ shows very slight decrease in the
| valuation OF exports, but another week
| VIII probably give Us larger exports
/ than any time during the present year.
( L ilt djittt tDtlou lfdtt6 Win EUROPE
! las increased to such dimens ons as to
/ almost entirely ignore Q coast wise
! market, and while there has already been
| several large shipments Of cotton du-
ring the last few weeks, there is every
evidence that this exi ortatiOn will con-
/ time. In fact three cargoes are now
nearly ready for shipment. The cx-
/ ports of naval stores and cotton 10 the
| united kingdom for the week We're G16
bales cotton, 700 casks spirits turnen-
tine and S.79l bbls. rosin, against
3,i73 casks spirits turpcntine ana 1854
bhls. Of rOsin for last week. RosIx---
Strained hosin. which has been he
; principal grade Of attention this we Il
has been subjected to fuctua ions lut
there IS only q slight decline on the
figures OF las week, willie the market
ut present 5 1ir.u:r and tie
future outlook more encouraging.
SPIRITS TURPENTINE has also been
fUntu3t!ng AMI unsettled, with Il de
cline and :n advance. rs the aIyicIS
from New York would indicate at that
nltrke: AZ tiio close to-day. AMI IN
fart i,,l the last tsyto 0ays. there has:
been more tone 10 the market, and IT
til" close, It may IL written as in,jicat-
ing al advancing tendency. CRUDE
I RPF<TI.;I: remains 1T the figures as
Last written. Astilestlpp'y i larger there
!, more manufacturing among The gitv
dish ls-i3eS. TAE. An increased stock
of tar viii. = dull and declining market
:. :. Y, has foy> rtcel u,0l this market,
AID TINS article las declined during
tiso week, 10 c5llts CoTroN. -Thcra
has been general Improvement ia
cotton over last week, but tie mari, ct
to-day is quiet, owing 10 a slight T.
action at New York. DKY Goo1,4.- ts
the season draws toward & close the
distribution Of dry goods naturally he
comes less liberal, though there is
still Ii comparatively fair bushes
doing for this period OF the year anal
the tone Il the general market is
steadily improving, Jub:1ers are not
disposed 10 stock up much beyouI
current necessities III ,;c,, If the near
approach of the opening OF III. new
wear aad the annual i,ccriiutiD" If
stocks, but where agents are offering
line Q! ataplcs at prices at ali below
the llonlinaily quoted range Of value,
buyers are easily found. On the other
hand, goods held at full prices move
slowly and the activity il first han,is
seems dependent upon the chcapncs5
OF offerings and their safety rs spccl-
it;ivc purchases. Retailers restrict
their purchases 10 actual wants, watch
ere fairy heavy. GHAtN.-Ihe GRAIN
market LIS been very quiet al Tie
week and there were no changes in
CoRS is unchanged. OATS are steady.
Peas fro quiet and steady. MONEY
The money market, outside of show
iT1arn,S.G u
ease, is without any important change
Deposits are gradually increasing, and
although the demand for money is
large, the supply is rather increasing
Rates of discount and interest are I'M
changed.
The special features of the weak and
the change of prices of the principal
articles of produce are reviewed rs
COIION-Ihere has been an active
movement in cotton this week, and
prices are somewhat higher than at
the close of our last report, but fort the
last few days the market has been
easier, and at the close of our writing
day may bewritten to 3cent lower,
but holders generally are showing NO
disposition to sell except at very full
prices. The aggregate movement of
the week amounts to S39 bales, at fig
ures ranging from 12l to 15s cents.
"a few bales of premium Cotton" ex-
hibited at the Fair by Mr.. j. D.
Woody were sold on Wednesday at 16
cents p 3D. The receipts for the week
were as follows Friday and Satur-
day 512 bales, Monday 425 bales,
Tuesday 226 bales, Wednesday 81
bales. Thursday 279 bales. Total 1, 753
bales, against 1,5O1 bales for last week.
The Financial Chronicle has the
r ~. - - ION the future OF
the market for this staple:
"While the supply of cotton is
likely to be so very abundant this
wear, it is satisfactory to know that
with regard to the consumption Of
American cotton the outlook is GER
tain'v becoming Gar more satisfactory.
Oar own spinners arc RAPIDLY resunaing