Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1874-05-15

turning point has been reached, and a
steady, If slow, improvement is looked
for as soon as the machinery of trade
has been properly adjusted. Not in a
| long series of years has the export
and import trade had SO good o basis
! as at present, while our home indus
tries and commerce give unmistakable
| evidence of a revival of trade.
SiOur naval stLre and general produce
trade OF the week has been fairly active
| with firmer tone to the market for
the leading staples. The foreign ship
| ments for the week, ending to-day, of
which naval stores constitute the prin-
cIpal article, show an increase in valua-
tlou OF $125, 900 against S62, 600 for
last week. The money market contin-
nes easy, the supply of capital being
in excess of the demand, and the flow of
currency to the city is large. The exports
of naval stores, both coastwise and
foreign for the week, have reached
1900 bbls rosin, 1856 casks spirits
turpentine, 3,151 bbls tar and 500 bales
cotton against IL, 2S9 bbls rosin, 1,2O3
casks spirits turpentine, 9, $50 bbls tar
and 2S9 bales cotton for last week.
The following synopsis is written of
the market: RosIN-The interest
which has claimed the attention of the
trade and which has been SO success
fully managed by the "bulls", contin-
ues to be manifested by them and
prices have been fully sustained for
the present and future Months. SpIn-
IT'S TURpESTINE-Ther was a slight
reaction of feeling i'll the market early
in the week, which was accompanied
with some advances, but towards the
close there has been relaxation of
this feeling, and prices are fast sue
cumbing to the depressing influences
and n downward tendency is being
manifested. CRUDE TURPENTINE-The
market has ruled regular and steady
throughout the week, without altera-
ton of prices. TAR-The market has
been quiet and steady without change.
CoTTON-Has been firm with an ad-
vlncing tendency and some advances.
GRAIN-Tne grain market has been
firm with slight advance of quotations.
CoRN-Several cargoes have arrived
which have met sale from SO cents to
81 u bushel. OATs-Continue steady
without alteration of quotations.
PEAs-Tle market is quiet and dull
and there is only q light demand.
ROUGH RICE-Is wanted and will sell
at 81 % to 81 40 II bushel.
DRY GOODS There has been fair trade
in this line, and the market is quite
steady and firm. The evidence accu-
mulates that prices have touched bot
tom, and there is a more confident
feeling that anything in the line of
cotton fabrics purchased now, will not
depreciate on the buyers hands, for if
any further changes occur they will be
in the upward direction; in fact, we
notice that already some makes of fine
brown sheetings are higher in New
York. With a strong and an ad7anc-
ing market for the raw material it will
be difficult to replace many cotton
goods at prices which they now sell.
Seasonable dress goods are selling
well, and in fact, nearly everything ex-
cept woole goods meet a fair demand
and some WOODEN fabrics like jeans
continued i'll good request. MONEY
In our local money market there has
been All abundant supply of money.
The Banks are in good supply
and are accommodating their Gus
toners at the usual rates.
The chief features of the market and
the changes of prices of produce and
merchandise for the week ending were
as follows:
COTTON-Thes situation of the cot
ton market has been practically with
out change during the past week, the
stock here being almost entirely held
out of market, with much confidence
on the part of holders i'll higher prices.
There has been fair enquiry and the
small lots offered have been placed at
full rates. To-day, at the close of our
writing the demand continues good,
the market closing firm Mt the quota
| lions below.
The receipts for the week were as