Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1874-03-13
IDMAiERCIAL EPET0NE- Fra.

COMMERCIAL EPITOME- B1si-
ness III most OF the principal branches
OF trade has been somewhat IN re ac-
tive this week than last. bat THERE'S no
sDec:,:i Improvement to note in the gen
cral aerecG OF the commercial situation.
the volume OF trade being light for tie
season aot; the prospects for the near
future not particularly encouraging.
The continued apathy il commercial
c:rc!ess is still attributable in large
degree to the uncertainty as to what
! Legislation Congress may adopt rsla-
/ tive to the currency question. It be-
/ ing impossible IN the present position
t OF this most important matter for bust
ness mon to safely mature plans for
i the future. The following article on
! Finance and Trade is from tie New
York Shipping and COAtuc1c-Gi list:
THE Treasury sale Of Il million. of
gold on Thursday, III connection with
the comparatively light demand for
duties owing to the sluggish condition
/ Of the Spring trade, caused a further
decline IN the premium, the market
! closing weak. There is very little
| speculation III gold at present, but UNI
til the currency question i'll Congress
/ becomes more clearly defined there is
/ little probability OF any very wide
fiuctvation il the price. The Bank of
England continues to gain in its bel
lion reserve AID the rate for money at
London remains - to ,! per cent, the
later being the bank rate. In view Of
the financial ease abroad and the
healthy condition Of our import and ex-
port trade, there is no probability of
any considerable increase III the ex-
ports Of specie at an cal - day. In the
present uncertainty about the financial
policy OF the Government, the distrib-
utive trade is limited TO the necessary
demands fer consumption, and the de-
nand fer money Is much less active
than III periods Of greater enterprise,
when 5:tr- T. Interchange Of commo-
dit:es ,1te,4. >...:tss-7 d stTingency at this
season, tie 1sitcs for call loans being
} - > ;,yr cent. ~ call, as to coIlat-
cT&i, uHd for discount Of prime
Iutlcantiic parer & to I per celt with
exc -ntjun& as D. for short dates Of high
graz. Notwithstanding the extreme
moI.eta3,. e:-e. as indicated by these
exceptionally low rates, there is less
S speculation than usual ard fewer new
business enterprises on foot, which is
aScribed to the delays ard uncertain
ties OF Congress on the financial CUES
ton We see no immediate help Tor
this great Inconvenience. 1t has been
suggested that the merchants and
bankers hold Il grand mass meeting
with the view Of eniigLtening Congress !
10 IT'S duty III the matter; hut one
would suppose that that body had !.
already been sufficiently enlightened /
during the last three months. After
drcary discussion Of ninety days, we
are apparently as far off as ever from .
u solution OF the problem. And yet ,
there isto be more talk, longer dciaJ, /
and probably no decisive Judgment ,
until it is too late to remedy fer the /
present season the Injury already done, .
and to BE- worked, by this uncertainty.
The naval store trade Of the week .
has been more active than for the last
week or so. but in prices there has been
a gradual decline. The foreign as well
"a coa6twise expectation continues
good, but the re has been Il slight fall
Jag Oil in the exports of the weak
Which were $3.50 bbls rosim. 2,115
casks spirits turpcntine, ,32j bales
cotton against lob hbls rosin 2,340
casks spirits turpentinc and ,110 bale,
exports the following We're shipped to
ros5n, 81 casks spirits tuIieentine,
100 j.Hic5 cotton. RoeI.' STRAINED
rosiu has been very Guiet and
drII We nave 10 new features to
present, and the quotations have con
timed TO decline almost daily. There
has been az increase Of 5000 bb!s in
JAc stock in yard, owing to t!ic reduced
and the small demand for
HE article. both domestic and foreign.
5rnITs VRPESTENE-rhere las also
,cen general dr!lnc&s prevailing III
.ne marI.et fer this article, and like
rosin, it las declined very materially.
The nari.ct is very sensitive aud the
east discouraging report causes 1t
10 fiuctuate Crude TUHPEH TINE
Under bearing Influences of 1t decline,
both il resins and spirits tUrpautire,
her, has ;sIso been q decline III crude
turpentine. At the close. however.
The market is written steady. Tar
The market maintained q fair degree
u stcadiness mp to Wednesday,
when it declined to s. %, a:
which figures it ruled quiet to-day,
CoTToE-Ihero has been very little
loing III cotton for the past few weeks
and at present We do not see any ia
iuence sof better natpre which is
jh6if 10 cltdit "a! Gtlh ulCS, iCI - I
slight falling III receipts and stock at
oGr port. GRAIN.-Nery little has
.ranspil ed III the grain market during
he week. There has been but one
cargo arrival, and this was taken into
store. OATS Are quiet and I'M
PEAS are without particular
change worthy Of mention. DRY
9O0I,s-TheTe has been 2 decided i'm
IN the yoiume CT business
luring the last few days. many coun-
,ry merchants making Tia l. spling
purchases ana the fine weather CON
r bnting II tte disposition to buy
;eaaon:i1le fabrics. Tie tone Of the
market fur cotton fabrics is rather ca
,ier, in sympathy with the market for
lie ray; material, and some i,Ieached
goods are Il little lower, while the ten
lency on other brands is in the same
direction. Prints, percales and lawns
ire meeting a good demand. Dress
goods are selling well. Wooden goods
ire more active, cassimeres and Jeans
especially so. MONEY-Ihe money
y :. e.. iea-1' comfort ably easy dur }
ng the past week. IAe deposits at
our banks continue to increase, but
;he flow Of currency seems to be to-
yard the country at present, and there
sI.1ot so much available curren cy as there
vas week or SO ago, but the supply
s sufficiently largo to meet the de
hands of customers.
The change in prices AMI the chief
features of the market for the week
ending to-day, is reviewed as follows:
COTTON.-Tbe general course of l,
,llis market during the past week,
varied but little from that noted in
our review of last week. NJ change
occurred, none certainly fer the better,
md a dull feeling prevailed through
put. If possible, the market during
he week has been duller and in a
more unsatisfactory condition than
noted in our last weekly review. The ;
sales have been so few and OF such a
character That It has bs-A impossible /,
@ CLEAN any correct idea of prices, ;
md EQUATIONS were but little better
han nominal. Buyers have been very
,oaroa and prices evidently in their