Wilmington journal., 1874-08-07
REVIEW
WILMINGTON EHaRSET3
WEEK ENDING EsssrEESI DAN.
August e. 1924.

FOR THE
WEEK ENDING TfEErEsSDAT.
August 6, 1924.
COMMERCIAL EPITOME-It is
difficult to describe in general terms
the state and condition OF trade du
ring the past week. There has been
in one direction speculative activity
and buoyancy; ii another extreme
dullness and depression and in still
another much uncertainty aud fre.
Quent fluctuations, and still with all
these influences we do not see any very
marked features; trade IS still moving
slowly and is in comparatively healthy
condition. The approach Of the fall
season continues to bring with it en-
enlargement of an active business.
The New York CO117l1crcinE list,
speaking Of the business outlook, says:
1t is pretty generally held by lead
ing business men that the prospects
f,r the Fall trade, which from distant
:, ,ciions of the country viii commence
this month, are of a most favorable
and encouraging character. They ex-
press themselves as being quite ccnfi-
dent that the stagnatiOn which has
lasted so long will have beneficial re-
suits. inasmuch as it will tend to bring
trade back to its legitimate channels,
and. in the absence of speculation,
Will make it sound, reliable and mod
crate,y profitable. The munifcent re-
wards to the labors OF the husband
man. and the measurable exemption
from the worst species of speculation,
also tend to promote Legitimate trade;
while the proenect Of a steady ample
supply of currency at moderate rates
can hardly fail to have q beneficial in
au5uce IN the same direction. With
the revival of commerce, money VIII,
of course, circulate more freely, and
the rates will, and ought to, advance;
bat they are not likely to rule so ab-
normally high as during the active
l5,=iness seasons of late years, for the
reason that under a wise provision Of
the new currency law, the locking up
Gf greenbacks can scarcely be success
fully accomplished. From the COM
paratively sluggish movement Of trade
the last twelve months, it is naturally
inferred that the stocks Of merchan-
disc at the principal distributive points
of the country are unusually low, and
rs there are more people to feed and
ciOthe than ever before, and the
abundant products of labor viii fur
nish the wherewithal to pay for the
necessaries of life, the outlook of the
Fall season, it must be admitted, is
favorable. There may be more per-
sons engaged IN the work of furnish
ing all the needed supplies than there
were n year ago, the business may be
carried on by a larger lunber, and
TINS profits be more widely di1fused,
but this cannot initiate against the
general resu !.
During the week in our local market
trade has moved very slow, in fact it
is scarcely berceptibIe from the out
ward signs manifested that there is
any business being done, but our
daily receipts and our large exports of
all kinds Of produce and manufactures
go to prove how incorrect such I.
statement wonld be if made. Oar
markets are moving along slowly,
keeping pace with those OF other
cities, while the very fact of the in
cre1se of our exports goes to prove
that our merchants are alive with
business. and trade is gradually grow
ing healthier. The exports of naval
stores during the week have reached
2oj bales cotton, 3,219 casks spirits
turpcnt.ne Is, 1913 bbls rosin, and 900
hbiS tar, against 122 bales cotton,
5,053 casks spirits turpentine, and
l",61t bbls rosin.
The following synopsis is written of
t:a market: RosIN-While we have
very little to say encouragingly of the
market during the week, yet we can
NOT speak discouragingly of it. There
!4s been O fair demand, and a fair
business has been transacted. Prices
are unchanged and the market at the
close IS firm. SPIRITS TURPENrTSE
has moved very slowly. Prices have
tiuc'uated somewhat, but the general
range has been at figures which were
c1rrent last week. CRUDE TURPENrINE
->othing of Importance is to be
noted. Receipts are extremely light,
and the supply is not sufficient for the
manufacturing demands. TAR-Of
till- article the stock is light and the
receipts small. The enquiry is large
and prices have further advanced %
cents. CoTToN-UntiI the opening of
the next season the cotton market will
naturally be almost nominal here, as
the stock IS not offered to any extent
GRATS-The grain market has been
quiet and nothing ofimportance OCCUR
rec. There were 10 arrivals of cargCe5
ana quotations ara nominally 95 cents
to 81 y bushel. OATS-Are quiet and
dull. No large lots are offered for sale
and the demand is confined to the
order trade, which dealers are supply
lag 1T SC to S24 cents per bushel, in
Guiding sacks. PEAs-COw Peas are
wanted and the retail price has adj
yAnced to s. per bushcl. DRY GoODs-
Here IS no animation in trade in this
line here, the demand being confined
TO orders from the country, which are
neither large nor numerous, and con-
slsts chiefly of staple articles. The
unexpectedly favorable reports from
fhe growing cotton crop has depressed
the cotton market, and that has its in
!ucnce upon the tone OF the market
!or manufactured goods, SO that there
IS not that confidence felt which exist
ect a few weeks ago, that prices of cot
ton fabrics would rule higher for the
Iall season. OF course dark prints
Will be higher than the light colors for
SHmmer, for it costs l cent per yard
more to print them, and it is pretty
well settled that the ruling figure for
"AesiNS Will NC WILL
1Anc1es about 10@911 cents. In woolen
goods there is a firm feeling, and a fair
9;strlbution of jeans is in progress.
NloNEY-Ihe banks have continued to
gam IN means, while the demand for
ii,lloney has not been larger than usual.
ne market is sluggish and rates Of
interest are unchanged.
The chief features of the market and
The changes Of prices of produce and
E' rchandlse for the week ending were
as follows:
COTTON-The demand has been
Ight without any changein quotations
~ characteristics of the market, and
t1ffansactions were very limited indeed.
FROM now until the time when the new
cfol, shall begin to come in, we may
ffApeot quiet market, as the stock
mere Is generally held by exporters
ana is not offered for sale. The receipts
continue light and are diminishing
daily. At the close to-day the market
Is ~ 9niet and quotations are nominal.
Of r