Wilmington journal., 1874-07-31
COMMERCIAL


General merchandise markets, witt
one or two exceptions, have exhibited
little animation during the past week
but business IS SLOWLY reviving and
the volume OF trade for the week has
been quite as large as could have been
expected. In every store and warc-
house OF Our city we notice prcpafa-
tions are being made for the fall trade.
| Nearly all the merchants are hopeful
of larger business being done here
thls fall than has been done for several
years. The general trade Of the coun-
try IS improving. From every sea
port and inland town the adyices are
encouraging for the fall trade, and M
less some unforeseen disaster should
overtake us, we see no reason Why
business i'll the fall 8houltll be large
and profitable. On the general cOndi-
ton of the business of the county the
New York Shil13,i!7Y 0,aH COn9atty y'ciul
list says:
"Merchants and business men en-
gagged IN the homo trade arc arraDGing
their aftuirs for the fall CAMPAIGN,
| which, II the signs Of the times bo not
| dclusiyc, promises to bo u reasonably
! prosperous one Stocks Of leading
manufactures arc understood to be
not excessive, ,conBidcring tho immense
requirements Of the nation, and rs
most OF them are down to u scale OF
values at which they can barely he du-
pIicatcd, the tone OF the market for
seasonabic goods is called firm. Prices
Of some of the leading articles of sub
slstance are irregular, but it looks as
though the lowest depth of depression
had been reached. Flour and wheat
are down to the lowest point of the
| harvest year, and from the large Weld
! III nearly all parts of the world. cheap
bread during the ensuing year IS to be
regarded as Il foregOne conclusion
The stock of hog products have been
reduced to point where it is easily
| controlled, prices have materially adj
vAncHd OF late, mess pork being about
six dollars per barrel, and lard SIX cents
per pound higher than they were last
winter. But, with the reasonable GER
tainty Of II good corn crop, there is
likely to be an abundance of provis-
ions, as well as of bread stuff. The
Department of Agriculture figures out
an increase IN the corn area of fully
two millions of acres, or six per cent.
above the acreage Of last year, and the
crop is progressing favOrably in most
sections. Most Of the other leading
crops W tIlc Ottt ttll tltt-
ly good promise. The cotton crop, it
is confidently believed, will attain to
four million bales; even Louisiana,
where the floods were so disastrous,
coming out OF the Watery ordeal with
her special crop so promising, iii
nearly all parts of the States, as 10
surprise the most hopeful. In short,
every species OF agricultural
efforts bids fair to meet with II hand
some reward. And when to this as
suring aspect is added cheap money at
home and abroad, it will be seen that
all the leading clements of business
prosperity are assured. In all prOba-
blity, Therefore, the excess Of caution
which sprung from the panic will give
place to confidence, which is indispeG-
sible to a revival OF commerce and in
dustrv. The bids for the remaining
o105, 900, ,0GO of the five per cent. loan
authorized by Congress, for the re-
fremont OF the skies, was opened on
Thursday. The amount of bids is
stated ri SIS, ,000, 600, some OF them on
condition Of having q six months Tcfu-
sal Of the whole remainder of the loan.
If only One-fourth of the amount he
taken, it will open the way for the ulti-
mate success OF the loan. Ninety days
are allowed in which to call and pay
for the bonds after the bids are ac-
ceptcd. 4 quarters interest, IL the
meanwhile, is running on them, to be
paid by tho subscribers, who will be
credited Oh the other hand with the
interest on the called skies. The diff
ference between the two rates VIII be
about one hIlf of cent, which the
Treasury pays. The one-ha1f per cent.
commission viii DC saved, and the ex-
change of interest Will be the profit to
the investor. Exchange is steady, and
Gold is weak.
FL our local market trade has been
c5,iut with one or two exceptions men
toned above. These little dist1I1 ban
Cos, however, did not amount to much
press tle prices Of the goods. The
Naval store trade has been quiet and
a good business las been done. The
exports for the week were, coastwise
and foreign, 122 bales cotton, 5,033
casks spirits trrpentine and 1864
bbls rcsin, against 5,475 casks spirits
turn eltinH, 1G0 bales cotton and Is, 1877
bb?S rOSin Sor last week. The follow
ing synopsis IS written OF tie market
RCS!N-NaG firm Tor tho four
carly days of tic week, hTt on rnCs-
,!ay there was q rtaction Of feeling
Which was accompanied also with ii
rapid decline and at the close the mar
lCt shows no improvement. SPrRTGs
TURrENTINE-The market for Spirits
Turpentino has been very unsettled
AMI although in the carly part of the
week 1t was strong and advancing, yet
for the past few days there has been
very unsettled tone and there was &
decline. At the close the market is
dull. CRUDE TURPENTINE.-Ha been
very steady and no important changes
have occurred. TAE-The receipts
wero light, the demand good and the
exports largo. The stock has decreas-
cd; prices have advanced % cents.
CoTTON-Continues quiet and inactive
and there were very light sales.-
GRAIN-The Grain market has been
quiet and nothing of Importance occur
= :. Thcro were no arrivals of cargoes
s,nd quotations are nOminally 50 conts
to 81 ~ 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
ing at so to 50! cents per bushel, in
Guiding sacks: PEAs-Cow Peas are
wanted and the retail price has adj
VullCcU 10 o. I'CI bitSllCI. hhI toobo
There 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
sists chiefly of staple articles. The
unexpectedly favorable reports from
the growing cotton crop has depressed
the cotton market, and that has its in
huence upon the tone of the market
for manufactured goods, SO that there
is not that confidence felt which exist
ed few weeks ago, that prices of cot
ton fabrics would rule higher for the
Fall season. OF course dark prints
will be higher than the light colors for
Summer, for it costs 1 cent per yard
more to print them, and it is pretty
well settled that the ruling figure for
standard brands will be 81 cents. with
fancies about 1O@11 cents. In woolen
goods there is a firm feeling, and a fair
distribution of jeans is IN progress.
MoNEY-The banks have continued to
roin i'm means. while the demand for