Wilmington journal., 1874-07-17


Strict Low Middling. .15l
ROSIN-The general Rosin market
remains in tho depressed condition
which has marked it's course since the
severe shock it received o few weeks
ago, and which caused such rapid
decline. The subject which has at
tracted the attention of the trade for
tie week has been a slight revival of
feeling, and many merchants are now
looking forward to an increase of de-
mand and are hopeful of the coming
autumn for that activity in the market
for which they have been SO long and
anxiorlsly waiting. It is to be sincerely
hoped that their expectations may not
be disappointed, but at present bust
ness is almost PROSTATE, and the mar
ket is sensitive and drags along slowly
at prices which are not at all remuner-
atige to producer or factor. During
the week our city has been visited by
a delegation of producers and manu-
facturcrs from Florence, s. c., pray
ing for a reduction of the charges in
cident upon the sale of naval stores in
our market. Our merchants, ever
willing and ready to divide the losses
with the producer, have taken action
and reduced the charges 90 per cent
on labor, cooperage and storage for 80
days, provided, however, that common
rOSin does not advance to 81 II bbl,
that their action shallbe null and void.
We understand that the railroad COM
panies Will also respond to their action
and reduction will be made in
frcights. The course of the market
was dull and weak in the early part OF
the week, but & slight reaction occur
red which has advanced common
strained The following synopsis Of
the weeks business and sales is writ
ten: Last Thursday, the close of last
report, we left the market dull for
at 81 50. Friday we note
very quiet mark ct without any enquiry
and no disposition exhibited by buyers
to effect sales. The only transactions
were 100 bbls strained at 81 40, and
100 bbls No. 2 at 81 so T. bbl. Satur-
day tie market opened with a firmer
tone, and during the day there was an
advance of cents. The sales were 43
bbls common strained at 81 so. $50
bbls strained at 81 55, 174 bbls do at
81 so, 81 bbls extra No. 2 at 81 90,
and 13 bbls low No. l at 81 Is p bbl. |
the market continued firmer
and further advance of 5 cents was
obtained with sales of 1000 bbls
at 81 65 u bbl. Tuesday the
market continued quiet but steady, and
there were only light transactions as
the views of buyers and sellers were
apart. The sales were 21O bbls strain
Oh OF 81 eS n hh1 Wa6neSdav there
ket the previous days quotations We're
bid and sales were made as follows:
800 bbls strained at 81 65, 400 bbls
No. . at 81 70, and 80 bbls at 81 rs
for Pale and S5 % for extra Pale. To-
day at the close of our noon report, the
market is firm at 81 65 p bbl. No. 2
and No. l Pales.-There were light
transactions in all these grades during
the week, but as the purchaser were
rather for order than speculation there
was not much interest manifested in
the market Quotations to-day will be
found in the annexed table.
The receipts for the week, 9,961
bbls, against Is, 1876 bbls for last week,
show a decrease of 6, ,135 bbls. The
exports for the week, 12,177 bbls,
against 81 ,72S bbls fer last week, show
also decrease of 9, ,551 bbls. The stock
in yard is IS, At bbls, and afioat 8, l55
bbls, against 80, ,6G3 bbls in yard and
S,SOG bbls ufioat for last week.
The following We're the quotations