Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1874-11-20
WILMINGTON MARKETS,

!, | COuSlu0TdDiG dufiEcC
e The finances of the country al large
r seem to be in as favorable a position
f as for some weeks past There has
I been some trouble North in some
t branches OF trade, and 1t is probable
that as the year progresses towards lis
: close, the 1natur.uS OF outs 'anaine5 pa
per may be the means o. cramplGg
some house, but It Is not expected that
r there will be serious trouble, and
everything looks more hopeful iOc ,
better showing up of trade at tine end
Of the year than Nsls anticipated = Nv
weeks since. The same may be writ
ten of our homo market, bat while me
North is abGndantly supplied with
money there is scarcity here, but the
banks are amply supplied 30 meet The
wants of borrowers should necessity ut
the winding up OF the years business
compel them 10 look 10 THIS source for
aid.
A few days since We wrote locally of
the immense increase CT cur cotton
trade at this port. As nothing tends II
build up commercial city So muc.l &;
the publication Of it's own trade, We %
not feel compelled to apologize fUr the
republication Of our article on Gotten IS
the attention of our commercial me-. will
probably be called to it through the
Epitome of our trade; and il may have
escaped their attention, as it appeared
locally, and besides this q large num-
Der of our readers will have the benefit
of its reading III the WEEKLT JoJr.SAE,
which circulates largely among our
| farmers and business men generally:
"Our city is fast claiming cona5dera-
ton as one OF tie most prominent cot
ton markets on the Atlantic coast, and
according to the present ratio 81 il
crease viii probably, IL 4 lev years,
rank next 10 Savannah. We base these
| hopes on actual figures and not OF
mere spoculatious. The receipts ~.
! this olGrhCf foot up 400 bales lUri1z.
| the past week against 900 bales for til
corresponding weak Of last wear, i
! gain OF nearly four hundred and 1iI5y
| per cent. OF course, this is not taking
! into account the large amounts tlaH
are shipped through this city, l5y ra.i +.
/ and steamer, to the northern ports.
The outlook IS at present very prem /
! Using and We are glad to chronicle the .
fact that the direct shipment of cotton .
to foreign ports is rapidly Ga the IL /
crease. There are five vessels now
! loading here fer Europe and Other
carg0es are being made up. \ steady
increase Of the water on our bar IS al
that is needed to make this busi0ee3
Of foreign shipments one OF gigantic
proportions. Next year We VIII BE-
able t. take in the I'll crop OF cotton
from all OF the counties between til
city ald Charlotte, and beyond TIT
point.
And there Is another paint 10 which
we especially direct tie attention q
tie cotton planters il North aHj South
Caroline, and that IS that they en-
always get Socd prices for their c.ttou
III this market. Oar prices VII aver
age, during the entire season, asMUcA
as is paid in Norfolk. Petersburg.
Charleston or Savannah, and some
times it is higher than il : III these
cities. Oar merchants Al rs enter
anywhere and make liberal advance
OF handling cotton viii probably be
found less here than il IS in many
other cities.
Our naval store trace oS the week
has BEEN comparatively healthy and
prices have steadily advanced IL some |,
branches. The shipments lor the
week, both CoasjvIae aid foreign, have
TtuchtG J. .2~;} casks spirits furDeutiua
and 9,&0i h0ls rosir, as5ajns! /. $50 casks
spirits t;rpent}uc ald &, 50 bbIs resin
for last week
Foreign frc;Gilt5 continue ~: With
IA ample supply OF tonnage ii; Gem
mard 10 III 2et the shipping demands.
TIE chief features Of the market and
TIE changes o. prices Of most of tie
leading products and manufactures + :
tue week IS follows:
CGIION-Iherc las L,cn i:ttIe f
any changes ii tho general Features q
ti.H Cotton market daring tie week.
About all tao facts of the Trade uHoaar
to-day III our "CCmmevci.t i-Di,oiac'
a"d hat hide is ltt:to b. said but to
add The condition II The market and
to give tho receipts in detail.
The demand for the article has been
good the sales reaching daily from 500
TO $50 bales 1T figures ranging from
49, to IA cents. 1t the close tI.2
market IS steaaicr with far demand
+ IN eC,plr els ana spectators. Some
small lots have been taken for Con
sumption.
The receipts rag lie woaz ~cre ~
follows
Fli1av. -....-,..-..........a35 bales.
saturday .-.--.- .....-...-.-- -;}c'i
EtOnGuE ....- -. COS
Tuesday. ..-.--....-- II, 30
Wednes1a.y. .................25
Thursday. ..........TE5
Bong q total nf ....... (. $40 hA.ca,
;gainst y. Y-}3 bales f3r !ast week.
The c~s,naa1i Ee.si--=z .--L-,-,-J iU1
the Week Was lS Eo.iu.sa + appears
tat tLo total =, Q ! pts forthc .eTCL3avs
!.ave reached 159,145 ',ale<, against
lis, Ol3 bales last yeo2, lJO,0Gl bales
the pr1.iGI5 week and 1896 L&!es
three weeks since, making me total
receipts SINCE the first Of September.
1874, g60,238 bales, against 725, $50
bales fer the same period o. 1873
II, showing Increase sine September
l, 1871, OF 23t, 6J3 bales. T:.e exports
fer the weak ending, reach 4 ;Ctal &C
l0G, ~; bales, OF which 81, 3I15 were 10
Great Britain, 7,4CG 10 France, and
II, 934 to the rest of the Continent.
while the stocks as made 10 az Lom
z65, S43 bales
The following age Ito cD:c.=i quo
tations today:
Ordinary. Nominal.
GOOD Ordinary ....-.I3l cc1ts.
Low Middling. ......13t
Kidding ...........1E
Coed Middling. ...-..E
EOSIN-Ine-e has Iy1u {, sair 0,i-
siuess doing in rn5in doIiuG the past
week and the lnahet has heea n shade
frmcr on the lower grades, while the
higher grades have been scarce and
wanted, and comm anded higher rates
than previously paid. Ia the general
outlook OF the trade 10 new features
have been developed. The speculative
feeling notice? in CI1r last has c1uti1- :