Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1874-12-11
WILMINGTON AS A COTTON

Auh0VSS OF the wholesale tEaIe, IL Is
. noticeab'c fact that Wilmington con
tipuei t., grow in importance as cot
ton ,raiket. Our receipts Of cottol
up TO yesterday, since the 6rst OF Sep
, TENDER, have reached $4,000 bales
against about -, 600 bales for the sam'
pty!ol OF last year, and tho Indication
are hat QUE total receipts for the sea
son will exceed $4,000 bales. As
ruI", tho bales hsv "a been heavier thi
year than they were last. but estinat
ing them IT IN average of $50 TBS each
and the price at $50 O. bale, and We
have tra''a amounting to $500, 600
10 the completion of the Carolins
Central Railway, more than anything
else, will Wilmington be indebted TO,
hsr remarkable progress as cotton
market. Wien this railroad is finished
! or receipts OF cotton will be increased
Ivy al least 80. 600 bales annually. In
short, Wilmington should rank next to
Savannah as a cotton market. It is
not claiming too much when We say
that this city Is the natural depot for
go, COD bales of cotton yearly. Mex:
year will SNOW larger receipts than
this year, but the great increase will
come when Wilmington and Charlotte
are united by railroad.
While wo note with pleasure chr in
creasing importance as a cotton mar
ket, we are not satisfied with the pro-
gress we ere making as such. A
greater field lies before us, and at our
very doors, but We cannot grasp it
| because of the supiners of some and
the short-sightedness of others. Will
minston has but to will it and go to
| work 20 realize that commercial and
manufacturing greatness which she
dreams of, and which her splendid ge-
ograpilical position entities her to.
! VIII she quietly rejoice over receipts
of IS, 000 bales OF cotton per annum
when she can have go, 900 bales if she
goes to work? Is she to depend on
Jupiter to shove her car Of prosperity
along, or will she put her own ''shoul-
! Ger 10 the wheel" and help herse +?
CCMMERCIALE PITOME-Trade
! moves slowly. as is usual at this sea-
son OF the year, and business in all
! branches ot trade has been very duu;
! bu: there IS 10 important change in
! tue financial or commercial situation.
/: The close OF tie present years busi
! ness being so near at baud, our mer-
chants generally have b-en hls-
I banding their resources SO rs to
-GGiAS n Vial ct
{ another year Until AFTER the frs:
We mag expect that business will be
: slow. that collections VIII lie hard and
that the purchases OF everybody will
j ne limited entirely to eupp wing their
coasumptivc Wants.
: The naval store trade has not becn
) "a healthy this week as lest: prices
! have jahored u,..i,r less favorable
adyices from abroad, and thin mav Rc-
count Tor the depression which has
been displayed.
The shipments Of cotton aud naval
stores for the wceit were rs follows:
4,0I2 bales cotton, S0i casks spirits
| 'prpentine nnd Q. Io6 bbsrosin, 8 gainst
J,NjS bales cotton. 8 SCI casks spirits
tnrrehtiDe and 6,9iI bbls rosin.
Iorsign freishts are finn, witt n
np!e supply OF tonnage at commsnd
10 meet The shipping demands.
TIE chief features Of the market
a I'd the Charges OF price OF most of tao
aiding products and manufactures for
the week arc es follows
/ COTTON-1he Unfayorable t.le-
grams from abroad have had tenden-
cy to reauce TIC dcrlaud someN hat for
tits staple darirg the past week, but
at tn beat buyers were quite indifer-
ent about purchasing, and only the
hisneSI s'a"e were ihquifea lor,
i fiat aud heavy. A dull market pro-
! vailed mos Of tho week and prices
have declined on all grades, excepting
! good midIilpS. The better grades are
b 1.. WIN some iIn!nsss, sho n,iu-
nllDss a'o n shorS snpPiS' wnl,e sns
49,,
o" ~. ,;... r., NO Wool, .ra 40
.,.i,o
1 T';J". 90 h,,,s
<,.1. &C. I.
lr,' CO :.
y, r,o""''t $1,000 -
Ia ntr'''"H .'''-'''-'''' 80 ;.
w. w s""o "a .,
Luz -: ,' Ill -; 80. ,.,,,.
- " - ~ ',"f ''''''' 'S>''i''''
l, i.n nai'H 10, taA' We" =
: Ee genera ~ on AHo' ,'iiteil' ioi
ne Week "aS ~ i5,Ioss 81 appears
'"c 'o,r -lt"s5 1o ,, .i'1
~ g., t',Il ,..l, 10 soto h -
: - 90 o.'oa no. - 81 80, '',.o
! the previous ."eeh anu 40 Iao n''.e1
| 1hfee weeks SINCE ihahloe 'ne Iotai
rCee'P1S s1it &c tn1 Iiss VI t9',i.p nn.
'r:i, 80 .I"' go -i.Y TO-.
90. 80 ,,,e ;r"rnaso p sontsn,,nr
! 'ns go s,n,I, IT. -,
! - VI 80 70
~, ,3. , ao, " s'7h '1, t az ,ora ~
/ ~ od.e' u oS &c =. - ~
&c =. 80 80 - ". Gant;,ont
o, ,';' ~ Wv. 80. ~, a.a" -, "r. no,,
sn- oo1 80