Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1874-05-08
COMMERCIAL PTTOMF-

| especially active. IS progressing salts
| factorily, and Ill business circles tn
feeling Is quite cheerful. The com
| merclal press believing that no decided
action viii be taken on the currenc,
bill at this session OF Congress. ar
speaking now in hopeful terms OF
revival of trade. Here is what tn.
Ne" York ,Mippi'tg and Ccmmercio
List says:
The appearance OF more seasonablt
weather, in connection with the grow
ing conviction that no financial meas
ure will be agreed upon by Congress
this session, is beginning to cause {
little more animation in the genera
markets, and confidence, which is
necessary to q complete revival OF
trade, appears to be gradually recov.
ering. The Spring season is so fan
advanced that it will be impossible to
make up for the decrease in trade du,
ring the early part, hut the foundation
has been laid for q prosperous Autumn
season. The response from all sec
tons to the Presidential veto, shows
that the masses are sound on the cur
rency question, and the conviction that
the country is now to face towards
resumption, will have a most salutary
effect, after the machinery of COM
merce and industry, which was so
sadly thrown ont of gear by the panic,
has been readjusted. Meanwhile, the
condition of our foreign commerce has
not had SO good basis in a long Pc
Rod. The exports of home products
having grown up to about the proper
tions of the imports of foreign COM
modities, the outflow of treasure has
fallen to a minimum figure We have,
moreover, a liberal supply of the
leading products of the soil yet to
send abroad, SO that this Improvement
in the condition Of our foreign COM
merce is likely to continue. Our COM
merce has survived an ordeal during
the last ten ears under which that of
many other nations would have disap-
peared, and it has such vitality that
the fayOring circumstances we have
briefly alluded to can hardly fail to
lead to an era Of great prosperity ia
the lear future.
From this port the produce exports
lnents for the week ending to. day, of
which naval stores constitute the prin-
cipal item, amounting in value to $62,-
900. Money continues easy and cheap,
the supply of capital being III excess of
the demand, and borrowers i'll good
credit find 10 difficulty i'll obtaining
from the banks at cur
rent rates. The exports coastwise and
foreign for the week ending were 49,
927 bbls rosin, 1908 casks spirits tur-
pentine, $50 bbls tar, and $50 bales
cotton, against 81, 2S1 bbls rosin, 2,31
casks spirits turpentine and 57S bales
cotton for last week. ROsIN-The ros;n
market has been subject during the
week to the influences of last week,
that of the "buils ana bears. but as
we mentioned at the close Of last re-
port. that the bulls were controlling the
market, and to-day We find the market
rs we sllrnised, only we have not that
antagonism which existed then to note
now, and the market has ruled without
any disturbance whatever. SPIRITS
TURPENTINE-The market has been
more steady during the week, although
we lave 10 change OF prices either
or lower to report, it is evident
that there is more cheerful feeling
CRUDE TCRnENTiNE and
TAR-tor these two articles nothing
has occurred whichis worthy of record.
The supply af the former is getting
scarce and the receipts are light Tor the
season. The latter is in abundant sup
ply and the market is barely sustained
CorToN-Tbere is barely ony change
to note in last week S article. The
market has continued qui, and the
kilograms both foreign and Domestic
have been mea2re and unsatisfac-
tory. GRAIN-The grain market has
been undisturbed during the week.
CoRN-There were two arrivals of car
goes, but these came direct to dealers.
Quotations for cargoes are unchanged.
OATs-are very quiet and steady with
only a retail demand. PEAs-are in
light enquiry. RoUGH R3oE-is wanted
and will sell at 81 25 to 81 40 r bush.
DRY GooDs-Thereha has been fair trade
in this line, and the market is quite
steady and firm. TIE evidence accu-
mulates that prices have todched bot
tom, and there is q more confident
feeling that anything in the line of
cotton fabrics purchased now, will not
lepreciate on the buyers hands, for if
any further changes occur they will be
IN the upward direction; i'll fact, we
notice that already some makes of fine
brown sheetings are higher in New
York. With strong and an ad7anc-
ng market for the raw material it will
De difficult to replace many cotton
goods at prices which they now sell.
5easonable dress goods are selling
we'll, and in fact. nearly everything ex-
,ept woole goods meet fair demand
and some wooden fabrics like Jeans
in good request. MONEY
In our local money market there has
been an 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
he changes of prices of produce and
for the week ending were
as follows.
COTTON-Has been shade strong
er this week than last, owing to the
fact that the kilograms, both foreign
and domestic, have reported a frmer
feeling in the general market. Our mar
ket:has responded slightly to,this firmer
tone and we have had very quiet
market with only a light movement
and very little offering sale. Various
causes have been assigned for this up
ward tendency. The primary one be
ing the unfayorable nature of the
weather and crop reports Of the pre-
vious week. The second cause noted
being the decline of gold, and the
third the fact that a considerable guam
tity of the crops already up the in up
land districts had been destroyed by
frosts, At the close of our report our
market IS nominally unchanged.
u,I,o rooo;,&e for tbp wool; were rs