Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1874-06-05

fOTaDIy, III OtflSE ClSoS Tue SIo"th IL
unsatisfactory, being somewhat irreg
ular and in some instances not
above ground, and there are consider
able complaints of want Of moderate
showers to soften the earth and give
the Young plants start. The usual
season summer temperature having
now apparently arrived, should it CON
time favorable, the growth should
soon put on vigorous and healthy APP
pearance, and show rapid develop
ment # it is to make up for lost time.
COMMERCIAL EPITOME-Noth-
ing of an exciting nature has transplred
in the general markets during the past
week, and the week has withal been
one of steady trade,and trifing variation
of values. The New York Shipping
and Commercial List in the folio wing
article explains the condition of trade
so exactly that comment from us is I'M
Necessary. It says:
1.-The conservative tendency of trade
which has been SO conspicuous for
months past is still the predominant
feature in commercial circles. Buyers
Of merchandise for home consumption
persistentiy refuse to exceed actual re-
quirements, even though strong in
ducements in the shape of concessions
in price be occasionally held out. In
point of fact, there appears to be no
disposition on the part of business
men to push things, except, perhaps
among a class of spectators who Ave
| little to lose and much to gain. The
best class of business men are dispos-
ed to await the turn in the tide of af-
fairs, which in the common course of
events it is believed cannot be much
longer delayed. Ever since the close
of the civil war the business of the
country has been permitted to take its
own course, constantly exposed to the
perils of expanded credits, reckless
speculation and excessive enterprise
No merchant in tie exercise of his
clearest intelligence could do more
than to guest at the probabilities of
trade; the laws of credit were set at
defiance and men CROPPED along through
the mist and obscurity, trusting more
to instinct than to sight, while n
dreamy and careless indifference had
settled down upon all classes, as If
contented to wait, SO long as no imme-
date danger appeared. Under snch
circumstances. the delusive financial
system of the country, developing a
fictitious prosperity and apparently
tttliitIIlIP no dlttllllOIi, WIS ltpltIdleu
until the sharp warning of the panic
awolze the people from their slumbers
and inexcusable apathy. Subsequent
ly, the business interests Of the coun
try have been taking a needed rest,
and anon, thoroughly recuperated
from their PROSTATE condition. they
will attain to something like their nor
NAL condition. Already, we discover
a more cheerful and hopeful feeling,
and, with magnificent crop prospects,
the promises of the future are to be
regarded as encouraging. For some
time to come, there will naturally be
few projects started to swamp the means
of the hopeful and the careless, but
we believe thoughtfui and industrious
men, in most OF the walks of life, are
about to have increased returns, and
that we are entering upon times of
moderate and reasonable prosperity.
1t Is impossible to say what will be the
eventual action Of Congress in regard
TO the currency, but it IS obvious that
the tendency of free banking and a
specific term for the extinction of the |
present irredeemable currency, inciud |
ing a gradual strengthening of the
Treasury by a withdrawal OF green !
backs upon the emmission of bank
notes. As Congress is now composed,
however, we can scarcely hope for any |
action to harmoniZe the views of the |
two parties on this question, and it is |
not improbable that the session will |
close leaving the status Of the curren |
cy unchanged
In our naval store trade of
the week there has been very
little change for the better or |
worse The export movement for the |
week foots up as follows. Coastwise |
and Foreign: 400 bales cotton, 2, 407 !
casks spirits turpentine, IA, 40S bbls |
rosin, against 1916 casks spirits tur-
pentine. 1906 bbls rosin, and $50
bales cotton. This following synopsis
is written of the market: ROsIN-
There has scarcely been any change in |
the rosin market during the week. |
The bull movement continues to a GER |
tain extent, and they have purchased
freely, all oi1ered at the regular ruling
prices. SPIRITS TURPENTINE-Ihe |
market has exhibited slightly firmer
feeling during the week. There was
an advance to SO cents, but the market |
receeded on Wednesday to So cents, /
but closes steady to-day at unchanged
figures CRUDE TURPENTINE-Anothe
w
change to note in the crude turpenten-
tine market. The receipts have i'm
proved slightly. but they are still in
sufficient to meet the wants of ,listil-
lers. TAR-There has been a slight
downward tendency in the market
during the week, caused by a reaction
in New York and slackening in the de-
mand from the export trade. At the
close the market .remains steady.
CoTToN-For this staple the market
continues to be governed entirely by
the New York and Liverpool markets.
A further decline i'll those markets has
naturally settled upon our market.
GRAIS-TIa grain market has also
been quiet with a slight decline Of
quotations at the close. CORN-Nery
few cargo sales We're made. There
We're only three or four arrivals, and
of these the bulk of grain was PLACED |
in store. OATs-Ihe stooE Is light as
also the receipte, but the two comDin-
ed are amply large to meet the wants.
PEAs-There was slight advance of
peas since our last. The demand.
however, is light and the receipts are
amply large to supply the trade.
RoUGH RICE is wanted and will sell at
81 % to 81 40 t. bushel. ID RY
GooD-The volume of bus has been
comparatively light during the Wee.a,
but it is probably as large AS could
reasonably be expected, and the de-
inand is chic fly i'll orders, although
some merchants from the country are
making second purchases or replenish-
ing stocks with such articles as they
require for the current trade. The
general features d the market are i'm
changed. except as regards American,
Allen and Sprague prints, large lines
of which have been sold in New Yc:R
at 81 cents. These consisted chiefly Fl
undesirable patterns Of light colors,
ana were sold out rather than carry
them over another season. Tre more
salable styles Of other marks are nrna
aud generally pretty closely sold up,
but anything Of which there is an
overstock it is probable will follow the
lead of those above mentioned. Plaia
brown and bleacleG Goods are steady