Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1874-08-21
COMMERCIAL EPiTOME-Tra5e

tons of an active opening of the fall
trade is generally entertained by ON
mercantile men. The weather. has
been llncomfortably warm daring most
of the week, and large portion of the
business community remains olt O;
town. This, to some extent, may &c
count for the dullness of the times
bnt there are other reasons why bust.
ness has not been active, the most i'm
portant one being the tightncss of the
money market. In a few weeks now
we may confidently expect to sec more
currency afioat in business circles. and
there are no reasons VIC can see now
Why we should not have IL prosperous
fall trade. We copy the following
article OF general trade, from tho Ncr
Work Shipping 0ad CU2nn1c3ci0i list :.
The general markets continue
quiet, and the state Of trade does not
meet the expectation Of tho more san
Suine business men. 1t IS rather early,
however, to look for any very decided
commercial activity. \ multitude OF
business nen Ire still absent from the
city, and the movement Of the new
crops, which usually marks the com
nencement OF tie fell trade, has rot
yet fairly commenced. Meanwhile, the
indications OF n reasonably prosperous
season are numerous and clearly
marked. The merchants are quiet
unanimous i'll reporting the interior
collections prompt, and the stocks of
merchandise ut the distributive points
in the interior are light, owing to the
conservative tendencies of trade du-
ring the past twelve months-two very
important considerations in connec-
ton with the future of trade. While
Encouraging anticipations of the COM
ing season, based upon these consider
atoms and the fullness OF the harycsis,
wiI;ci. ilntterlia all prosperity, are in
,laiGed by the great majority Of bust
ness men, there are some who take q
suomy view, inspired, doubtless, by
disappointment that the profit account
IS not is large as it has been in some
recent years. During the latter part
of the war period, and for several
years succeeding, business was re-
marEably active, owing to the urgent
requirements growing out of the mem
orable epoch. These years were
clearly exceptional, and because trade
is not now SO active and the profits not
so large as they were then, some men
shake their heads and talk despond-
irgly about dull times. For number
OF years business has been gradually
settling down to a more healthy basis,
and it is too much the habit to com
pare the profits of 1874 with those OF
1864, forgetting that 1864 was not
fair criterion. Traces of the panic of
last year are still visible, but they are
gradually fading away, and there
seems to be good reason for believing
that the Fall season will be a moder-
crate prosperous one. Business should
not be forced beyond point where it
pays, because the merchant desires to
swell his profits, but business can be
promoted lby judicious application of
energy and brains. Commercial affairs
in Europe (Which have also been I'M
satisfactory this Year, are improving,
and an improvement there will be GER
tain to carry with it an improvement
here.
In our Wilmington market, trade has
continued quiet during the week, but
we notice that a better feelinghas pre-
vailed generally. Our export move
ment for the week shows a decrease
on last weeks shipments. The ship
ment8 coastwise and foreign for the
week were 3,Gi0 casl>s spirits turpen-
tine, 10, JST lbls rosin, and ISS bales
cotton, against 1G, 179 bbis rosin. 3.Gl3
casks spirits turpentine, and 100 bales
cotton for last week. The naval store
trade III some branches was more
active than last week, and there was q
slight advance during the early part
Of the week, but towards the close Il
reaction has occurred, which has low
cred prices to their former range.
There has been little animation IN
business in our local money market
during :ho week. Considerable cur
rcncy has been sent to the country
and some received from there, the
balance Of the movement being against
the city. The demand for discounts
continues moderate, but IS sufficiently
large enough to keep up the lines OF
discount Rates continue unchanged.
The chief features Of the market and
the changes of prices of produce and
merchandise for the week ending were
as follows:
COITON-There was some demand
from exporters early in the week and
the market ruled steady. Toward the
close there was falling off in orders
and little doing. The stock, however,
would not adm it of free dealing if the
disposition had been to make the mar
ket active, rs the supply here is small
and is generally held by exporters. Al
the close the market is duh and nOml-
nal. We shall probably receive some
new cotton within the next two weeks
as orr information from the country
tributary to our city IS to the ef1ec
that picking will commence next weel
in some sections.
The receipts at our port for the weel
were only 20 bales. The exports were
1873 bales and the stock is 362 bales.
TIE general Cotton movement fo
the week was as follows 1t appear
that the total receip pts for the seven day
have reached 1864 bales. agains
4.944 bales last week, 4, 542 bale
| the previous week and $3.50 bale
three weeks since, making the tota
receipts since the first of September
1873, TT, 722 bales, against 1887, ~
| bales for the same period of 1877
| 70, showing an increase since Septembe
/. 1873, of ITO, 1913 bales. The export
for the week ending, reach total
G,135 bales, of which GIBBS were t
! Great Britain, none to France, AM
none to the rest of the Continent
while the stocks as made up arc nov
135;046 bales.
The New York Financial ChTOnicl
of the 18th says: 'Our weather re
ports tonight show further improve
ment. In fact, the condition as 1t no.
appears is almost everywhere favor
| III D>,r~ IN tho lower b0