Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1874-08-14
August IL. 1871.


there is q perccptible increase IN the
volume o. trade, the dealings IN the
principle staples during the past week
] being larger than for some time past.
There is strong and bouvant tone
pcrvading the markets for most OF tie
! principal staples, and the fec ing gen
orally i'll trade circles IS satisfactory
and encouraging now, since the cleo
! ton excitement IS OVeU. Bat we must
net expect any sudden reaction OF
trade; 1t must work lis Improvement
! slowly and IL its own w. DII bust
ness nan must not be il TOO mroh Of
q hurry 10 sec this Improvement It
| viii be preferable to have it come
when W. know that tie foundation is
! SAFE. Nhiie mln are crOakiLg over
! tho dull tines we lind All article III the
! New Yoilz DaiI.y Butietin, which ex-
! plains tie position of trade so exactly
/ that We copy it without further com
neit. It says:
There appears TO have been 9 more
or less general expectation among
merchants that the fail trade would
open with a decided activity, and that
We sl.ould witness q bu0yaut feeling
| and evidences OF restored prosperity on
every side. Those who have enter
taincd these anticipations are OF course
disappointed and being disappointed
they nave given themselves over 10
renewed cf0aking au1 grunbiing. Il
YRS 10 lie expected that such sanCuinc
hopes would be disappointed; for there
vas 10 adequate foundations for them.
| EGaTa are the most substantial reasons
for expecting this fell tine beginning
Of All Improvement which viii steadily
grow into an active ait. prosper Gus
bus mess. There has hGCn decline in
the prices Of q large round of products
which: places them within easier reach
OF consumers aud encourages buying
Stocks Of merchandise lave bee4 very
generaIy reduced below tue average
quanity throughout the country. and
All classes Of dealers Ee6d tore plenisIl
their supplies. Consumers have, to a
iarg" extent, compensated themselves
for the losses consequent on tie panic
ecoNomizing their expenditures for
nearly twelve months. Tho degree
- wh;ail tl:Y strength Of mercantile
houses las heen impaired by the panic
and its subsequent effects has been
since well tested, and with results
|hich have induced Il decided rccOve-
ry in confidence. Besides which, we
have TIN now certain prospect OF Il
harvest more abundant than has been !
known Tor years; which IS always pro-
ductive Of an Improvement IL trade.
These and other sin2iirr facts have f!
already produced an Improvement III |
the tone OF business, ana they lay the !
basis Of an ultimate restoration Of |
prosperous activity. Bat the mistake |
seems to have been in expecting the !
full effect of these amciiorating intiu- |
ences at once and at the very opening .
OF the fail trade. Such an expectation |
is unreasonable; and the thing antici-
pated is undesirable; for quick recove-
rics are always to 5e suspected and are
liable 10 sudden reactions. Recovery
from organic diseases must be gradual.
and Tie more gradual the more thor
ough. Inevitably, 2 certain degree of
caution and distrust still remains,
which will require more than an an
ticipated Improvement to remove it.
The memory Of the past ten months
still exerts restraining influence upon
both sellers III giving credits and buy
ers il assuming liabilities. The later
iustaiu2e ats of firms who lad TO ask
extensions during the panic have yet
to b. paid; and the direct benefits of
tie abundant harvest have as yet been
reasonable, t. cxnoas flat fraI, will be
really active and HEALTHY mutt! these
obstacles have been removed; but It IS
onnaIlv 1,n,aoco,l!,ic A f..9r +lo4 we
nv not I4va = na,Ifi.y 11ein,ss when
tInv Iaya l,arn rnraovSi TLn rrarnnt
citn,t;a3 tIcrer0ra is,.r- o,,a tn al
nat If crolEing and GoSp on!ency:
ne.tns. IS it On" to Justify ,.xuitatiua.
# e:.::- f,.r !, certain sirrrs.e,f PATIENCE:
anG vet i warrants s..rr1,ina homes.
seems t. us thai Tie thiue to he
axDcc.",l is 4 soI..ov;.l:.; c.21lt;ous policy
on the g.arf Of bi1yar-;. .;;inp'virg them
snIvaz from hand 10 month. and feel
ing tlcir way al every step. rs tie
season PROGRESSES, traders VIII proba-
by feel encouraged with their expe-
renee AMI renew their purchases llb-
era y; 50 tGaf Vi'ic III" season may
be o|ar"ct.ti1y.: ~ certain drag
-sl.a" appearance 81 business, and a
2ao,! G7,..i ot CONSEQUENT complaint. It
viii probably hc found at the conclJl-