Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1874-11-06
REVIEW
WILMINGTON E.9anH' 5,

,:COAMERCIAL EPITOME-The
''commerciai situation" has changed
il 10 essential particular during the
| week which mas just closed. General
trade AL over the country has been
very dull, judginGloy the reports of our
leading commercial papers, aud we
may truly say Chat the cunuit on of al
| fairs is no better ii our home market.
| It is true that We show our dizziness
less than other ports because of tie
| immense amount of produce and mer-
| chandise which is now passing through
| and which gives business an outward
| Hveliness, but so far as the legitimate
| business of our port is concerned, we
have failed to see the slightest i'm
provement for some weeks and trade
bears an unusual heavy aspect for the
season Of the year. In cotton, how
ever, we must notice the increase of
our business this season over last. In
September and October of 1873, the
receipts at our port of this article were
1872 bales. In the months OF Sep
TENDER and October of this year there
has been a double increase of the above
amount, and receipts for these two
months reached over $1,000 bales,
with promising prospect OF increas-
ih9 tIl1o cal (tI 1CCS-DIo 1IOlI1
1000 bales as credited to us last year
to 100, 900 bales this year. In naval
stores scarcely any Improvement over
last week is discernible. The ship
ments, however, have been much
coastwise and foreign footed up as fol-
lows: 4,1G6 bales cotton, 2,722 casks
spirits turpentine and IL, 263 bbls
rosin against 3, 10 bales cotton, 1,S42
casks spirits turpentine and S,760 bbls
rosln for last week.
The financial situation does not show
any improvement that we can see or
hear of. Money continues extremely
tight and merchants generally are
complaining for the want of better
banking facilities and a larger and
more accessible supply of capital than
our present facilities afford. The rates
of interest continue high and money
is hard to secure unless at the high
rates of ID to Is per cent per annum.
Foreign freights are duh and have de-
clined B pence during the week.
'.he chief features OF the market and the
changes OF prices OF most of the lead
ing products and manufactures for the
week were as follows:
COTTON-rLcre has been a fair
trade in this staple during the current
week, but the business does not foot
up in the aggregate Of transactions as
last week, owing to the clash OF opin-
ions among buyers and sellers
whose views seem to have been apart
for most Of The week, and the market
continues to show the same doubtful
and irregular tone SO long recorded.
Some buyers seem inclined still to let
the article alone, on the conviction
that lower prices viii be reached be-
fore reaction occurs. On the other
hard are to be found those who look
upon ruling prices as pretty near bot
tom figures, and are purchasing some
desirable lots daily. At the close the
market is quiet at tie quotations given
below:
In order that our readers may have
at glance, an idea Of the present APP
pearance OF the cotton crop for 1871,
we give statement below, compiled |
from the reports in New York. The |
cotton crop reports begin the LIST of |
every year, so that We have |
to the Both Of October 1874, two |
months reports e,ceI ting one day.
The stock of American cotton in !
sight at present IS as follows, reported |
the 30th Of October, 1871: