Wilmington journal., 1874-07-24
COMMERCIAL, FpITOarE!

| tCIfAit-cl. IhC vi IL
the past week cannot be called veri
satisfactory. The Chicago fire anG
the failures here, and tic disasters
elsewhere have exerted an unfavorahlt
influence by exciting appreheusions. o1
various sorts and itnpaifihe confidence
in merchantile circles, there need be
no surprise therefore that business has
been dull. . The general business cut
! look, however, continues satisfactory
end encouraging. The crops, which
are the basis of all business activity,
/ promise to be abundant and with IN
easy money market which issreasona-
| bic to expect and the necessities Of the
country ODE supplied which are ex.
/ ceptloifably large, in view of the en-
| forced economy which has been sprae-
tlced for the past year, an active fall
trade may be very. confidently, AN tici-
! patcd. Our northern and western ex-
changes speak IN most encoura gins
terms Of the outlook and the following
article is taken from the &ti;pp3il,ag a,sel
COnxnerciat list: ''i'''~7f o.
The intense heat Of the last.week or
two having given place .tosa more en-
joyable temperature, tae:s ID itrife
more Animation in some branches. of
| business, though, as a general thing,
the. 70 arkais present the usual quiet
midsummer aspect, and no substan.
tial revival of trade is looked for till
about the latter part of next month";
BY that time q multitude of business
men now absent from the city Will
again be at their posts, and the bear
lngs of the Fall trade will be so clearly
defined, that there will be little diffi7
Guilty iii setting the ponderous machin-
cry Of trade in motion. Meanwhile,
ample arrangements will be made for
conducting whatsn now promises to be
one of the most prosperous business
campaigns we have had in several
years. The country probably never
stood in a more enyiabie position, as
regards it's capacity for furnishing the
consumers of the world with the neces-
sar.es of life, and the chances are that
tho favorable condition of our foreign
exchanges, through the unparalleled
exports the last two years of Come of
our great staples, will be Inaintained
1t is possible that the foreign hnrvests
will be SO ample as to materially lessen
the European Dependence upon the
United States for food staples, but
even that case we shall haFe cheap
bread and meat for our forty millions
of home consumers, and cheap bread
and meat are almost always insepera-
BILE from high degree of prosperity.
Our advices from the principal bust
ness centres indicate an equally hope
ful condition of affairs, and if the ele-
ment of confidence has as much to do
with success as is usual lly dplitted, its
rapid return IN the present Instance
must be received as among the hap
piest of omens concerning the future
The extreme case Of the money market
remains undisturbed. The supply of
currency continues IN excess of the de-
niand, and there Is 40 difficulty in bor-
rowing, on any able collateral, at rates
which ordinarily wonld justify the
mercantile and manufacturing classes
in using more capital in their business.
Indeed, as soon as the wheels of trade
begin to revolve actively we may ex-
pect TO see distribution Of vast
amounts of currency now idle and
gradurl improvement in rates, though,
from present Indications, it is not
probable that the stock and gold gam
blers Will have it in their power to con-
troll the market and divert funds from
the legitimate channels Of trade, as
they have done in the past, during the
active business season. &.
In our local home market trade has
suffered many disturbances. Several
failures have been mentioned and for
two or three days Of the week the mar
kets hare been disturbed by these in
frences.. General trade, however, has
been healthy. The wheels of com
merce are rolling forward rapidly aud
as the suglIner season gra dllatty dies
away VIC. sect Beg uai,Ieh ces. Of aetivity,
and tne general p rep arab onfor the
fall trade is going on. Tn naval stores
the market has evinced stronger
tone. There was Ioa, rapid increase
Of prices but most of the leading sta
pies present moro healthy aspect
than when we last wrote Our export
movement for the week, as compared
with last week, shows fully mp in the
exports Our shipments, both coast
wise and foreign, for the week ending
were 5;475 casks spirits turpentine,
13, 1877 bbls. rosin, 525 bbls. crude, tur
pentine and 100 bales cotton, against
1912 casks spirits turpentine, u, 1T
bbls rosin and 1S6 bales cotton for
last week The following synopsis is
written of the market:
RosIN-A general firmer tone has
been witnessed in resins during the
week and an advance of 10 cents on
strained is recorded. There has been
more activity than usual III futures
and some sales have transpired for the
forward months. SPIRITS TURPENTINE
What is written above of rosin might
we'll be adapted to this article without
further comment from us, but we must
add. that shade more .frmness has
been displayed. CRUDE TURPENTIEEA'
The receipts have not been ample to
the demand. The market has. been
firnler with better inhuenees operating
upon it and slight advances: were. OBJ
tanned. TAR-The market has slight
ly shown a better feeling but there
was no decided advance of quotations.
CoTToN continues entirely nominal and
quotations are. unchanged. GRAtN-
The grain market Las lui,d without
change of prices, but there were sales
of cargoes at slight advance of quo
tatiors but at the close this frmness is
not observable. .IQAr-Are quiet and
dull. Ne large lots are offered for
sale and the den1af1d is confined to the
order trade, which dealers are. supply
ing at so to S23 cents per b11shel,I in
Guiding sacks. PEAs-Cow Peas are
wanted and the retail price has ad-
vanced to 50 per bhshe1. Dry GooDs-
There is no animation in trade in this
line here, the demand being confined
to orders from the country, which are
neither large nor numerous, and con
sists chiefly of staple articles. The
unexpectedly favorable reports from
the growing cotton crop has depressed
the cotton market, and that has its in
fuence upon the tone OF the market
for manufactured goods, SO that there
is not that confidence felt which exist
ed few weeks ago, that prices Of cot
ton fabrics would rule higher for the
Fall season. Of course dark prints
will be higher than the light colors for
Summer, for it costs 1 cent per yard
more to print them, and it is pretty
we'll settled that thesruling figure for
standard brands will be 81 cents, with
fancies about 10@11 cents. In woolen
goods there is a firm feeling, and fair