Wilmington journal., 1874-07-17
REVIEW
COMMERCIAL EPITOME

| "1J Ios iS3Is
COMMERCIAL EPITOME.-Bus
| ness has been very quiet general,
during the wet ending, bnt there j:
no important change to note in the
| condition of prospects of trade, the
| markets for most OF tie leadiDgsstaples
| exhibiting ii strong undertone, while
the prOpecss Of an active trade as sooI
as the heated term is over, are very
encouraging. The financial situation
is unchanged. Money is more abund.
ant and every day brings forth new
hopes of an active fall trade, but al
present we notice q dullness in trade
which is characteristic of midsummer.
The following article on finance aud
trade is from the New York ,MiDDiiao
and COnahlCEciat List. It says
Commercial circles present Il dull
aspect, perfectly characteristic Of mid
summer. A large number OF business
men arc out of town on their annual
vacation, and the sultry weather in.
duces an apathetic feeling among
those who, whether from choice OF ne
cessity, remain at their posts. A glu,
of currency continues and merchan.
disc prices, as general remark, rule
quito uniformlys Capitalists take bu;
limited risks, and are content with low
rates of interest, coupled with Ger.
tainty of payment. Merchants buy
with caution, speculate but little, and
curtail their expenses. All this pro.
duces q dnllness which is likely tc
continue for some weeks longer. But,
Judging from the lessons of the past,
and the present commercial bearings,
it is safe to count upon gradual but
sure revival in all branches of trade as
we approach the autumn. In ordinary
years the reports of the growing crops
have a varied aspect, showing a good
yield here and bad one there, and it
requires some skill in such cases, to
make up a fair average. This year,
however, there is less of this variety
than usual. The reports are not all
alike good, but they all unite in indi-
eating that this years crop Of wheat
will be the largest and best, taken
altogether, that has ever been gather
Ell in this country. The other cereals
are also coming along finely. while cot
ton promises much better than it did
sixty days ago. This is the one fea-
ture that eXcites encouragement every
whore, and leads to the general hope
that good harvest will help the
country out of its troubles. With our
immense agricultural territory, pOpu
lated as 1t Is with an active and indus
trlous people, sending forth almost
without limit cotton, corn, wheat,
pork and beef, and requiring, i'll turn,
an immense amount and variety of the
necessarles and luXuries Of life. it is not
the nature of things that business
should long continue to languish.
There ought to be All occasional lull,
in order to obtain the bearings, but as
whole there is no reason why for the
future the country should not grow in
wealth and prosperity beyond all for
mer experience. Although the rates
of interest are likely to advance with
the revival o. trade, money promises
to be cheaper through the Fall months
than it has been for several years.
This will tend to promote trade and
commerce. Exchange continues weak,
which is partly due to the continued
plethora of money at London and the
extreme low rate of interest there and
tn Dur 1lUcaf fifoliis 4ntt.a L ee"tees
a slight Improvement in the condition
of affairs and a slight improvement in
duce and manufacture. During the
delegation from the manufacturers of
have been admitted to a hearing by
Mckenzie, large dealer and manu-
facturer of naval stores, in behalf of
the Committee made a very forcible
appeal to the Exchange praying for a
reduction in charges OF expenses in
cumbent upon the sale OF naval stores
in our market. The merch ants, ever
ready and willing to assist n encour-
aging the manufacture and trade of
our city, appointed, through the Pres
ident Of the Exchange, n committee to
confer with the delegation, and on
Wednesday resolution was adopted
by the Exchange reducing the charge
on storage, cooperagc and labor 20 per
cent. for ninety days, adding pro
vision, however, if spirits turpentlne
shall advance to 80 cents per gallon
and common rosin to 81 90 per bbl.,
in the meantime this resolution shall
! be considered null and void. Our ex
port trade for the week shows slight
| decrease, the shipments for the week
reaching only ] ,642 casks spirits tnr
pentine, 12,177 bbls rosin and 1St
bales cotton, against / ,T22 casks spirits
turpentine, II, 72S bbls rosin and IS
bales of cotton for last week. Tie fol
lowing synopsis is written Of the mar
kets. EosIN-The rosin market
though we have had no marked alter
alton OF figures, has nevertheless eX
| hibitcd firmer tone during the week
and at the close we report the marke
10 cents better than last weeks quo
| tations, and 2 corresponding frmnes
of feeling. Spirits TURrENTINE ha
also been slightly stronger and tn
same reading of rosir might strictly b
applied to this article. CRUDE TUrE
PENTINE-The low and depressed con
ditinn Of prices of spirits turpcntin
and rosin has been a burden Iathe
heavy for the market to carry, bnt W
note, however, that prices have bee
we'll sustained. TAR-The receipt
have been small, but larger than las
week. The market has sustained fol
mer prices. COTToN-No improve
ment Is noticeable III cotton. a du
market has continued, but there ha
been rather mole transactions TN
week than last. GRAIN-The graf
market has been slightly frmer an
, quotations of corn from store hay
advanced. There were no care
s ;lcs. CATs-Are quiet and III
changed. Tie stoclS is light, as ais
til, receipts, Lut the two combined al
fully equal to meet the demands.
PEAS The market is unchanged. III
demands are light and the receipts eqTl
to the requirements. RoUGH RICE
{ is wanted and will sell at 81 % to 81
per bushel. DRY GooDs-There
little or nothing of interest III this I'm
: the volume of business being sm'
and orders even for the replen,ahil
Of stock are few and for small quot
tlons. The tone of the Northern IN:
kets for bleached and brown cottons
decidedly stronger, and the tenden
80 is upward-an advance on some kin
M being confidently predicted before t
opening of the Autumn trade. Iig
|. colored prints continue to be offer
rather pressirgly, and some furtl
- reductions i'll prices Of the poorer gu
) tiles have been made, but the sts
10 darIs are generally steady MONEY