Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1874-05-01

EOSIN-A very int resting subject
Of study has been this market during
the week There has been il general
fight between the "bearS and bulls"
and to an outsider to observe the work
Ing Of these two factions has been
auli>ing and entertaining. the true
position o. the market Is briefly rela
ted thus: For some time past 1t las
been observed that certain very heavy
BUYERS have tndeavored to control the
pu cuasts. and to further tins end
have ,,;lIu Slight advances on the
MAJ k, t quotations. Tins has been
carried Oh To- such ali extent that this
tirr OWLS more than three titths of the
stock and Che critical point !, reached
when they must secure tie long inter
est, uld are obliged to purchase the
stock AID receipts as 1t IS offered at
the prices which rule. Certalu sellers
have carried their point thus far, but
it IS evident that tue Willingness OF the
buyers 10 take all offered has about
disc juiu->d then aud at pIe>eLt the
co4it..; e-tIS t be pretty securely IN
tue il;i;I.!7 Uf the ht.yera. Under the
iniitenct OF the above :Ond .jiOn of al
fairs tHe market has been very firm
and I-uGe tT.&nsacyIOIs have been made
for the present and forward months.
The prices for ia ure delivery OF
the sales which were reported this
wee X SHOW !. slight decline on the spot
quotations.. AT the Exchange this
week there has been large attendance
daily. There We're larger number OF
transactions on the floor OF the EX-
change than is usual, and these, as far
as reported, and the condition of the
market at different periods OF the week
as reviewed is as follows
The first lsy of this week the market
for Strained opened quiet at 81 30,
with disposit, on on the part of 'oears'
to effect lower pr ces, but in this fort
they were met by buyers and .he mar
ket WAS kept firm at the former prices.
The sales were 1900 bb1s strained,
spot. at s. 20 and 500 bbls Extra No.
2, al 81 =, r Dbl. Saturday the mar
ket c0nt!I,;Ie Il to be worked by the
ssbulls al Il beers but the prices which
were previously pad, ruled the trans
actions. The sales were 500 bbls STRAIN
ed at - 20. Monday, the efforts of the
''bears" proved successful to certain
degree, uud these was Il slight reduc
| ton OF quotations., but the ''butls
| shortly afterwards came III the market
and prices were again restored. The
sales were 30 bbls Strained, deliv-
| cred. 81 l., 800 bbls do. sellers OPP
ton. after 10Th of May, at s. 10 and
| 500 bbio do, spot, at s. 20, also small
sales OF Window Glass, at Sc 90. Tues
| day. the market was subjected to the
same action OF the day previous, but
the balls" succeeded i'll purchasing
| all the stock III market, thus accom-
pIishiug their purpose TO maintain
| prices and gai'ing the upper hand OF
| the ''be.irs. The sales were 800 bbls
| Strained, spot. Ut g Is 500 bbls do.
sellers up11un, 10 the 10th of May, at
S. 10 aud $3.50 bbls do, spot, at 81
20, asU $50 buls Extra No. 2, at 81 %.
| W. dnes;iay, ia" market was firm and
s. % was readily paid. The sales
an bunting TO $500 bbis at s. 20,
spot, and 500 bbi5 buyers option, J une
| delivery, at 81 %. also small lots OF
! the entire grades at ol:r quotations
given below To-day, Thursday, the
make: closes strong at 81 20 TO,
Strained.
No. 2-This grade OF rosin has been
quite active during the week, with
sales of upwards 5000 bbls at the
daily quotations. The market closing
strong to-day at our figures given be
low.
Mol and PALEs-Our remarks Of No
2, are equally pertinent to the fine1
grades. There were large daily sale:
at the ruling prices.
The receipts for the week. II, Is:
bbls, against 16, 219 bbls for last week
show a decrease of 4,O57 bbls. Thu
| exports for the week 1928 bbl