Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1874-02-06

~ " ~. ~ ~
-" jtcTai Ada rra IN de.
Fas- F'.i ignni..,.s Of Chiffon, Naval stores,
aEG ntFf ;t-.IIt-r. Il oIt.tI> fOI the pEI-
B e. s'bi!c ted.
! ~ II gSing 4l.a I ir>' II II MI ana io- :ale.
EsI.S G3cSs
s:Ii.I'!.:. ;:::Gc,TIOFs .sAn,sys..:T8,
fol: The
sss.EL& ENDE>z. E'asaR=istg.
February ,. 1871.
] COMMERCIAL EPITOME -Busi-
ness in most of the principle staples
| has been quiet this week comparative
! ly, and though there has been no ma
| terlal giving way III prices, the markets
generally have exhibited rather a soft
! eaing tendency ; Notwithstanding
! however, the inactivity of trade for the
/ last week CT two, the business outlook
! is encouraging and money is more
/ thai. usually abundant at the business
! centres, but IL our market there con-
| Times some stringcncy. At the bust
ness centres there are ample means
available for business operations. The
! lately suspended manufacturing indus
tries Of the country are rapidly resum-
ing operations and although trade may
be dull at the moment ali the indica-
tions are favorable for al active Spring
business which is generally anticipate
ed. the unsettled financial policy is
Still! the subject of considerable inter
est in business circles. We thought
we had about exhausted the subject by
Publishing the views and different
plans for its settlement offered by the
press OF the country. Every day sets
forth new scheme From NIessrs.
Glendenning, Davis & Cos letter on
the subject, published i'll a New York
exchange, we extract the following:
"All branches of business, both mer-
camille and financial, are waiting the
result Of the specie resumption memo
rial OF solid men Of the city to Con-
gross yesterday, and the action Of Con
! Sress on financial measures. y reason
ably early rate is expected, and there
J are many sound reasons for believing
| that the Senate, despite the pressure
! brought to bear from the West and
! South, VIII favor any resolution which
! looks to specie resumption. Yet there
! are MANY, and among them those well
! informed III Washiu gtOn matters, who
t hold to the opinion, that however much
| the Senate may -, III favor OF cOntrIc
ton as against cXta sion, that on the
| question OF IcgittiAliI:5 tie 5iH, 600, 000
! reserve grCcnbaehS aud swelling the
I volume 10 II niilliniuin of 500, 900, 00o,
! d vote would be THROWN by the Senate
t ii that direction, GA tire ground that II
| the Govcrnlne Dta;t requirements neces-
| state tho immediate Use Of a portion
| of this reserve 1t Is cXpedlent to legal
| ize the entire Issue. While this step
would DE Of initiation perhaps, yet the
| oppOncuts Of imitation would reconcile
| a vote upon it on the ground that to
| Congress is left the alternative Of
| either legaliz!ug it or compelling the
! knowledgement Of q gross usurpa-
ton OF power by one Of the chief Off
Gers of the Government (and such an
acknowledgement night politically be
! fatal to the dominant parity, or that it
! would bc better to have &i00,000,O0O
! the unaIterablc limit than to have
1896, 600, 900 with the s44, 900, 600 slid
| ing scale. But the idea that imitation
I in its fullest extent, rs advocated by
some of the Western members, is rap
! idly losing ground, and this finds daily
| evidence i'll the course OF Wall street
affairs It seems next to impossible to
! lift the general Stock market into any
kind of activity; and as the outside
/ public are unwilling to come in to
! opDerate extensively on either side of
| the account, and large operators hold
aIoof from the market, the speculation
! drags its slow length along from day TO
! day, without securing anything i'm
| portant N its embrace.
The naval store trade OF the week
| has been boiyant il some articles, but
III several of the principal ones there
! has been = further decline. The Elk
ports, both foreign and domestic, for
the week foot mp as follows: !, lJ0
bales cotton, 975 casks spirits turpen-
tine and u, 052 bbis rosln. OF these
the following were exported 10 the
United Kingdom: IS, OU4 bbis rosin.
These exports. as compared with those
OF last week show Z large increase,
say III valuation about $4,000. The
supply of tonnage in port Is not more
than IS required, and this has a ton
dency to bear the market. ROsln Is
qtlict al or writing, and the market
! =. duh and declining i'll consequence
OF tie short supply Of shipping, ana
the long interest may be said t. be It's
only support. No lnllnediate declin,
I anticipated. iOi>1KllS I'M
has been D0uyant and at the close CON
tinues firm with All upward tendency
TAE.-Ehe increase Of stock and the
large receipts have a tendency to de-
t,rcss rrices. Owing to this there has
been material decline on former
rates. CRUDE TrRrENTINE has aist
,, succumbed to the Responding element
and there was decline in the middle
OF the week. At the close, however, i
: is written steady. CorroS.-Ihc bot
5 tom has apparently dropped out of thi
| staple, and as % consequence, there
has been u rapid decline, which ha'
t been caused principally by the l"Eg
Y receipts at the ports and the unfavora
2 bic .tuorts from the New York market
8 GKAlE has been one of the exceptlona
q bic articles which has has maintlane.
: Il firm position during the week. Con
= has advanced. OAt5 are firm, all
PEAS maintain their former quotations
c DRY GooDs.-In this line trade
z quiet. but the tone of the market
s strong for cotton and wooden fabrics
q in view Of the strength of the Easter
: markets. The decline i'll cotton ha
ii had little or no effect upon manuiat
4 tnred goods, unless it be to check til
+ tendency toward higher prices ]
l. blown sheetlng5, which can be nor
+ readily produced out Of lover price
stock than most other articles. I'll
IL finer qualities OF WOODEN fabrlcs al
1t firm. but inferior grades are yer
IS heavy. and can be bought for less tha
in they could be manufactured out
Il raw material at current prices. The1
- is little more than an order dema1
Y for flla sorting m of stocks, and n
+ much activity i'll tile trade Is exp ct'
lie for several weeks,
&c MoNEY.-There has been a good d
T. mand for money in our local mark
re but the supply is not more than eq'l
s. to the demand, bat the flow Of cure
nc cy to the country has been compa,
Il. lively small, while the receipts throu'
ef mercantile channels have been large
~ indicated by the gain in deposits and
on banks have gained III means SO I'll
TO ! oec