Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1874-04-10

WEEK ENDING: THURSDAY,
April %. 1871.

LUZ C1Iot "a gentleman Wh'
: has been making Il trip over the tw.
$ States gives gives us Il very favorable
view OF the crop prospects. He says
"Planters are busy everywhere
much grain has been provided for. ant
y where the corn is up it is shooting
> rapidly ahead. The gardeners will b.
able to have peas and strawberries il
the market very soon. Lettuce, rad
lshCs and onions have been commo,
Tor several weeks, and potatoes will bt
along by the end OF two weeks. II
some parts there has been too mucl
wet weather, but altogether taken the
, prospects are far ahead of those lasj
year at this time. Not one-fourth OF
, fertilizers are being purchased rs il
: former years, theifarmers having taken
up the Northern mod Of compost
heaps"
, COMMERCIAL EPITOME-Trad
still moves slowly, transactions for the
most part being regulated by the ext
gencics OF buyers and sellers and the
whole sale market arc still devoid OF any
) features of special interest. Prices TO-.
most OF the leading commodities 1iuc-
tuatc within very narrow limits, though
with few exceptions tho tendency is
rather i'll favor OF buyers. The virtual
triumph of the intiationists in the
financial measures now pending before
Congress does not appear to have
given any special impetus to the move
ment of merchandise, and though
there IS perhaps rather more business
doing, than has been, is improv-
ing very slowly and the markets
generally exhibit but little of the
activity usual at this season. The
subject Of financial legislation has
been settled and those who have been
expecting general advance in
in prices III consequence Of the inha-
ton measure are likely to be disap-
pointed, inasmuch as the initiation has
been for some time anticipated, and
its effect upon general business has
already been pretty largely discount
cd. We shall shortly expect revival
of trade il all sections OF tic country
| Business in our city has shown but
very little Improvement during the
week. Two days there was scarce any
| business done. Friday vas partly OBJ
served az holiday and part of Tues
day most Of the merchants were in at
| tendance Mt the annual meeting OF the
| Produce Exchange.
Orr naval store trade has been quiet
! most al the week but i'll some articles
| Il tirmer feeling has existed and some
advances were obtained.
We call the attention of mercantile
| men to the very able report of Mr.. d.
Il. Nun Gibson, President of the Pro
duce Exchange Of this city, which was
published in the DAILY JoURNAI. of
the Sth instant. From it they will see
that the increase Of direct foreign ex-
ports of naval stores during the past
year has been over . per cent. on
spirits tiIrpentine and 100 per cent on
rusin. Our exports of cotton direct
have been much larger than ever be-
trade is Increasing and. we think, des-
tined to increase vastly during the
coming years. Why not? Our regu-
lar lines to England aud the Continent
make the fastest trips across the At
lantic of any sailing vessels on the
coast. They are stauncil and sea-
worthy and the Insurance i, low, all of |
which must commend our city as Il |
port for direct shipment.
Our country friends IN the naval |
store business cannot fail TO notice the !
remarks OF The President i'll regard to |
country distilled spirits turpentine. |
There IS no antagOnism between the |
Produce Exchange and country distil
lers. The Exchange is working for |
the good of all. The annexed is an
extract from the annual report:
''If we can indIlco the country dis
tiliers to use the proper care in put
ting up their spirits tUrpentine 50 that |
it can be exported without q heavy |
loss by leakage, we can safely iusure
them relatively higher prices for this
article and 4 more satisfactory bust |
ness to the shippers here and the
buyers abroad"
Capt. Murclison's rcmallc are we'll
conceived and are mean nss. We hope
orr country merchants will observe
them, and we can assure them shat be
fore another year has passed they will |
thank the Exchange ior making rules
which will produce better prices for
the article.
The export movement for the past
week shows Il slight decline on the
and foreign Tor the week were G,931
bbls rosin, ], 2G3 casks spirits turpen-
tine and 90 bales cotton against 3 2S4
casks spirits turpentiue, 2,519 bales
cotton and 10, 600 bbls roSin for last
week. RosIN-The rosin market has
been very steady during the week and
prices were advanced. SPIRITS TUR-
PEST1HE-Was dull and declining, and
the market generally Was III favor of
BUYERS. CRUDE TURPENTI,E-The re-
ceipts having fallen off very materially |
the market became 1iYmer and adj
vanced TAR-The market was just
the reverse Of the remarks written on
crude turpentiue. The receipts were
heavy, tic demand light and the ar
ticlc declined. CoTrOS-Tile market |
was steady all the week. GRAIS-The
Grain market has been Inict and |
steady. CoRS-Remain. unchanged
OATs-Are quiet and steady TEAS
and RICE ruled quiet AMI regular. |
Provisions The market under the in
finence of strong and favorable aivices |
from the West is moderate with con-
sumptivc demand at quotations.. DET |
GoODS-Iliere has been a material in |
crease II the volume OF business in |
this line since uur last, and the Spring |
trade may Tow be s id to be fairly |
open. The reduct ON in prices OF
standard prints to o. cents is now
quite uniform, and brown and bleach |
ed cotton goods have declined to 4
point which gives buyers. as well rs
sellers, confidence that they cannot so
lower, therefore there Is no hesitancy
rapidly recovering from the lethargy
Which las SO long prevailed, and Il
good Spring business may yet be
realzrl MoNEY-Tn or local money
market there has been an abundant
supply Of money, bnt the rates OF in
tereat are ii sil and offer bat little in
duccment 20 borrowers. The Banks
are in good supply ana are accommo
dating their customers ut the usual
rates.
The chief features of the market ana
the changes Of prices of produce
and merchandise for the week ending
were as follows
COTTON-The week opened with
better demand and tirmcr tone for cot
ton, followed Ly an advance OF to !
| cent i'll quotations the demand and
offerings have both been somewhat
| o. ba hi,hocf asked