Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1874-04-03

, to note during the past week in tn
/. volrme of trade, business generally i
! beginning to exhibit some Indications G
f""ly'ng activity. Our market pre-
SCENTS 80 new features. and We lav
nothing new to write OF. IN oar las
"ipIEomc we wrote urging upon far
nlcr.; 10 have IN idea to their self-sns
tcMaIcc IN planting their crops for tin
present year. We know there is nom
who will regret taking our advice an,
! We commend it to them for their owl
good. The general trade of the coun
try IS very. much retarded by the back
wardness in deciding the financial
question, and until this it settled We
will have an inactive market Spring
tr!Ce which WAS thought would be ac
autumn IS not reviving fast 'ITradt
and its Prospects is rov, occupying tn
attention Of .he commercial press.
leading Western Journal i'll speaking
OF the prospects OF the future writes a;
follows
III is perhaps as difficult to account
for the ficklcness OF trade, III the mar
ketS for merchandise and securities. III
1t 3 TO give lnteiliglble reasons for the
freaks which currency sometimes takes
when it becomes suddenly scarce OF
plenty, without any ostensible cause
ihe!c are great natural laws which
govern both, but their great operations
are SO greatly modified by collateral
circumstances that it IS not ALWAYS
cn>ytH see thecontroling influence until
ii 1t is too late make any practical use
OF it. One OF lie laws of trade is that
an undue dep; ession, which almost al
ways c..tl5e:' all accumulation Of wants
b. cause consumption goes on while
stucils are rot repIenished TO the usual
extent, viii l." followed by reaction,
which Wi! il; more or less intense &C.
cOr,lin" 10 circumstances. Reasoning
urOn til!- ia aorv three months ago.
ana ::hon IL" srt,; o>,t;on that Con-
gross wu'i!'l take prompt action upon
IT." currency question, 1t was thought
tIat Al. a"tiT2 Spring trade would fol-
low til" d.. = o ot last Autumn, but
the tai!u;.. a. Congress to legislate de-
Sively, ia, With some other things
when we have previously referred to,
retarded the recuperatiOn for which
tie business interests Of the country
( Lave been anGiously and cxpectantly
waiting.
/ Whether there are any genera: laws
/ which produce a depression in bust
4 i-tSS az tiIS StttiIt tiiilS III t-cLltiltI-
! cial nations, either from like or totally
/ dssimilar causes, had never been sat
/ isfactori!y settled we believe, but GER
tain it is that trade has been dep-ess-
/ ed in England and Oh the Continent
during the last few months, almost if
not quite as much as in this country
Che snort cops of breadstuifs have
had q para!iZing influence III Europe
general. England suffered also from
the high prices CT coal and iron.
Germany has had a reaction from the
wild speculation, which was engen,ier-
e! by the embarrassment OF wealth
derived from the French indemnify,
while France, labOring under burden
some taxes, thessresrlt of the war, finds
her trade dropping on al hands In
Berlin the leading railroad stocks de
ciined during the twelve mouths end
ing Fehrn. r. "a, 1874, seven to sixty
three Ter cent. which is az much as
the widest ictuations on tho New
York Stock Exchange during our
panic. The London EconO22ist Of
March =. comments On the complaints
OF the dizziness OF the trade. which it
SAYS are general; Scotch pig iron de-
clined IS5 per ton in two months of
this year: coal fell 6s Cd, copper bars
s., Straits tin 900 los. and nearly all
other artcles OF merchandise suffered
a decline except wheat and coffee, and
the c.l;lt. tells us that these have since
!,-e,i added 10 the list. The distrib
.ItorN of Sootls-tlc country merchants
---!iavs delayed purchasing stock until
they can ~alt Ii" longer. and as pro-
dlcc is moving to market they will
sonn have the funds with which to
buT-in fact most Of them are in good
CREDIT and can buy whenever they
ci,cose Now, with the currency
question practically settled in favor OF
at least Il moderate imitation, and with
produce moving freely to market,
there IS no longer any practical diff
Guilty il the wav OF :; revival of trade,
unless il be lingering want of conf
dtucc which will, however, rapidly
+ disappear. IN fact, S far as orr local
+ market is concerned, there is already
! all increased business III progress with
indications that it will speedily
grow ilto satisfactory sproportinns.
. t5prirg trade in eur city has increase Il
during Tie past week. New goods are
arriving daily and the stores and
whaiycs ere piled with goods. Mlny
, country merchants have been in the
city daring The week purchasing spring
stocks AID there is considerable traffic
among the Dry Goods merchants. The
Naval Store trade, however, has rece-
lcd somewhat in values. The move
ment, however, in the aggregate has
been fully as large as last week. The
expo IT'S show an increase, and for the
! week amounted to 1924 casks Spirits
TErpcntine, 2,5l9 bales Cotton. 10000
t,bis Eosin, against ,, 775 casks Spirits
Turpentine. 1G, 1S0 bbls Rosin and 1913
/ bales Cotton for last week. The bulk
; OF the shipments above were coastwise,
/ very Little Spirits and Rosin hvae gone
/ TO the United Kingdom and no Cotton
/ was exported foreign. ROsIN--The
Rosin market continued firm after the
! close Of orr last report, but became in
active and rcceded, and closes quiet.
! SPIRITS TGRPENTINE-The market open
ed firm, but like Rosin, gave way to
weakness and declined, closing
{. 6.y fen w.''' i reaction OF
prices CRUDE IUKPENrlAE-The re-
ceipts have been very large Of the raw
material during the week. The manu-
featuring interests have been purchas-
ing freely but such a large amount
of activity and it was with considera-
! UlS ttIIuCulty tlldI pIlCSo "olo SuoCfh1h
! ed. TAR-The remarks on Crude Tur-
pentine may be strictly applied to this
article. GRAIN-The Grain market
has been quiet and steady. Cork
remains unchanged. OATs-are quiet
and steady. PEAS and RICE ruled
quiet and regular. PRovIsIoals-The
market under the influence of strong
and favorable advices from the west,
has been firm. DRY GoODs-The mar
ket has changed very slightly
since our last. The advent OF
warm weather has had a ten
dency to improve the retail distribu
ton Of goc:!s sorAer bat, ard there has
! been a larger attendance of buyers
from nearby sections, who have beer
purchasers of fair amounts of goods in
jobbing way. The demand for full
lots has been light, and the position OF
the market for domestic productions
in first hands does not improve any as
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