Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1874-10-09
COMMERCIAL EPITONE-Y'be

Stdto OF trade mas improved the past
week. Continued ease in the money
markets at the North and West seems
at length, IN conjunction with other
favorlng circumstances, to have excit-
ed speculation, promoted a return OF
confidence III the stability of prices
and III satisfactory course of the mar
kcts for the early future. The effect
Is seen Iii the course of the marhet
for great variety OF articles Of mer-
| chandlze, and III the generally express
sed belief that the panic of last year
cannot much longer excite any mark
ed influence upon business.
The New York Shaping Gad COM
ncrcial List says Oh trade:
1.-The feeling III commercial circles
appears to tie one Of confidence in Il
gradual return of prosperity. Trade
seems to be reviving about as rapidly
as could have been expected under the
circumstances, not with feverish and
unhealthy bounds, but with a gradual
and steady movement; and the fact
that revival is taking place on a con-
sentative basis is but the more salts
factory, as showing that no apprehen-
sions are to be felt that it will not
prove permanent. That the trade and
the industries are not III SO bad con-
dltion as many believe, is shown by
the Internal Revenue collections dur
ing the first quarter of the fiscal year,
which are considerably in excess of
last year, and also by the prompt mer-
camille collections throughout the
country. The cis inertia of the masses
has been overcome, and it IS swing
ing slowly into the current, presently
to gain acceleratlng impulses. There
is no change in the demand for money,
which continues Light, nor in the sup
ply, which is abundant as hitherto, and
ample for all commercial warts. For
eign Exchange has advanced. Con
siderable activity III cotton shipments
is noted, and a liberal supply Of COM
mercial bills is early looked for.
The naval store trade has not been
as active this week as last, and we re-
greet to have to mention that prices
were not SO well maintained; however,
tho business of the week has been
of the healthy feeling which exists,
aud that the decline OF values is only
the result OF a temporary arrangement
in the machinery OF commerce. The
shipments foreign and coastwise, for
Ike week, were p 12 casks spirits tur-
pentine, 9,967 bbls rosin, and 766
bales cotton, against . 800 casks spir-
its turpentine, 1925 bbls rosin, and
800 bales cotton, for last week.
Foreign freights have declined, and
are about 3D.. lower. Fer quotations
see daily market report IL another
column.
There was not much change in the
course of general monetary affairs
during the week, a gradual increase N
the demand for money being obserya
bic in most of the monetary oenters
South and North, but 10 general
movement of currency from the North
to the South has yet taken place, and
the New York Bank Statement OF last
Saturday shows that money for temp
orary employment Is still abundant,
there being reduction of only SILL
675 in the net reserve, and the surplus
is still So, 547. 700 over the legal re-
quirement. There was Il fair demand
for money here all the week, 1nt the
amount of lOanable funds being small,
rates have ruled firm, and the tone Of
the market is rather 1irmer at the
close. The banks discount at 1!G12
per cent per month.
IIc C1ICa 1tdtl1SS CI ZIG IilNl
the changes Of prices of produce and
for the week ending were
us follows:
COTTON-TAe market was stag
nart in the carly part of the
week and the tendency continued
toward lower prices. Previous to
tuesday quotations had declined 10
cent on grades above good ordinary, |
but on this day there was a reaction OF |
feeling and prices have gone mp to l |
cent, and at the close the market is
firm ut the quotations given below
The new standard American classical
ton went into effect on last Friday |
and the cause of the decline was to re- !
luce quotations to conform to the new
order of things.
The receipts for the week were as
follows
fluaY ...-.. ----........ lhz paleS. |
.. .-.--..-.- 70
tuesday .."ll
Wednesday. 106
-......-...-2 lG
Total ...........1, 1872 bales,
against 6G7 bales for last week.
The exports for the week were 7S6 |
bales, against 5G3 bales for last week, |
tbe stock is estimated at 92S bales,
against 622 bales for last week.
Tho ,ronoraI Cotton movement for. I