Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1874-06-26

COMMERCIAL EPTrONE-A de


generally, in speculative circles TO
some days past, and those staples o
commerce in which speculative inter
est was manifested to any con
/ siderable extent have shown
decline in prices. This depression
of feeling was caused by tn,
uncertainty as to the future of or Fl
nances, whichwas then pending befor.
Congress and which must be dis
posed OF during the present week OF
remain unsettled till the next session
On Monday, however, the President
signed the currency bill, and imme
diately an improvement in tone and
feeling was TO be noticed consequent
upon the settlement of the currency
| question. Our Northern exchanges al
| the great commercial centres are no.
ticing already an Improvement in bus,
| mess, but i'll our opinion it is useless
to look for any increase of business at
| this season, when merchants as a class
have made all their summer arrange
ments, the partial suspension of bus
mess during the hot weather having
become much more general Of late
years.
The New York Bulletin has the fol-
lowing remarks on this subject:
1.-The immediate effect of the an
nOuncement that the Currency bill had
become a law was to cause a revOlu-
ton in Wall street from depression to
buOYancy, and i'll business or mercan-
tile circles to confirm the encouraging
views in regard to a revival of industry
and trade. Business men will be able
TO proceed with confidence now that
the legal tender measures has at last
b Zen defined, so far as Congress and
the President can define it. The good
effects of this definition cannot be
seen at once. For years business in
terests have been unsettled by uneX-
pected variations of the amount of
legal tenders issued, and while few
have undoubtedly profiteI by it
chiefly speculators-the many have
lost. OF course defining the legal
tender circulation is not all that is
needed, but the foundation now exists
for that confidence which is 50 essen
tial III business, or in any operation
involving the use of money. If we
have good harvests, which are now
promised, there is every chance in
favor of a good full trade and return
of prosperity
The New York .Wippi,lg List,
speaking OF the state OF ira lie, says:
There is very little change in the
state of trade, and the volume of bust
ness is about equal to the usual light
summer average rs regards home con-
and rather larger as regards
the export movement. The reports
from the West not only continue to
forcshadow a good harvest, but repre-
sent industrial and business matters
to be working into a more healthful
condition. The exceptional activity of
the exports of grain throughout the
harvest year, and the good prices
have greatly strengthened the
financial condition of the farming
cl asses, which has enabled the store
keepers to meet their liabilities with
more pcomptncas. Another good har-
vest will set matters right AMI insure
4 good fail trade, in anticipation of
which a cheerful feeling pervades local
commercial circles.
In our local market there were no
particular events which are worthy of
mention. Our export trade for the
week shows a decrease Of valuation
during the week, and to foreign and |
cOastwise ports was IL, 1913 bbIs rosin, |
7, 2S3 casks spirits tUrpentine and G79 /
bales cotton against 1871 casks spirits
$50 bales cotton, IL, 176 |
i;aIs rosir and $50 bills tar. The |
following is a synopsis OF the general !
market: RosIE-A further depression .
and decline IN prices for raain las or- /,
Cured during fhe week Yhe lower !
nrndes have recedcd from 81 rs to !
Il 60, and the market at the close does !
not exhibit any marked frmness
SPIRITS TURPESTTNE- Little car be |
said of the market either for oragainst
it. We have not had firm market,
neither have we had dull one, but
the tone has varied with fluctuations
of prices. CRUDE TtRPES--;Nr- Since .
oar last the~e IS Hc material change. 7
Tie receipts are hardly sufficient to /
The demand. and there is a scarcity for |
1istllliug operations. TAB-Thare has /
been 40 demand to speak Or There /
was Il slight reaction fn the carly part
Of the week, and & small advance I
which has been mentioned. Cares
Has been tl;l.l ans! almost entirely
nominal. Quotations were reduced I
to ; cent further down, and there was
not much demand at any price, while
the offerings were correspondence
light. GRAIN-The Grain -larket has !,
been q tive il n.isinzs9, but quiet IN
tone as will he seen 10y reference to
our article today. C0IN-There were
several arrivals Of cargoes during the
week, and some sales on private terms
which were supposed to decline on
former cargo "uotetic-s. tIae i.}aIket /
is not quote, higher to-day Chan 80
GEMS Ior prime cargoes, and it
is highly probable that arrivals
will not bring those figures
OATs-The stock is light as also the
receipts, but the two combined are T
amply la.ee 10 rueet the wants. PEAS
There was a slight advance OF peas
since our last. The demand, however,
is light, and the receipts are amply
large to supply the trade. 30 tH RICE /
is wanted aud viii Sc il AT 81 25' to 81 40 !
per bushGl. De- COoDs There is
little OF nothing of interest IL DIS line,
the volume eff pEgiIeso being small
and ollet3 even TOr the repienlshing
of stOca a.e f6W and fer small quota
tons. The tone of the Northern mar
kets for bleached and brown cottons is
decidedly stronger, and the tendency
is upward-an advance o. 1Qne tinifs /
being confidently pre-. :ietet iie+0re the
opening Of, the Antnp:n trade. Light
colored prints continue to be offered I
rather pressirgly, and some further
in prices of the n2or~r quail +
tiles Eave '.eeH sa,>de, iJnt the sian /
dards ase generaHy.steady. MoHFv- I
The banks have continued to gain in /
means. while the demand f;t IacnaI |
has not bear; L. e.. ii!an p:ria.., HE !
markes y az; &c., ,,,,A il. - ;,...
,.uCnanged.
The chief features of the market and
the changes of prices OF produce ali
merchandise for the week ending we've
IS eollows:
> COTTON-There has been nc ma
terial change in the condition OF the
cotton market, which has continued to
rule dull during the week, the trans
actions being limited to small sales:
Quotations are further reduced to
cents. Buyers continue to hold Off,
and the offerings are not large at the
current rates in fact quotations ere