Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1874-09-25
THE CROPS -


THE CROPS. The cotton crop
Dupiin, Wayne, Wilson, johnson
Sampson and Greene Is certainly shol
o. the promise which it presented @
the 18th o. August; bat, with all il
falling of, the prospect now is TIA
there will be as much made G8 III 181:
Up to last week the cotton which wa
picked, came out very clean and beau
t!ful, but the heavy rains have throw
! up so much dirt into the open boil
/ that the rest of the crop mnst be mucl
inferior. Picking and packing is goin!
forward with Iapidity, and as nearl,
every bolt is opened the crop will b
| harvested at least q month before til,
usual time. The condition OF the coun
| try is such (being almost bare of a Cir
cu.atipg medium) that the cotton mus
be thrown into market very fast no
only to pay advances but even to &c
money to finish picking cat.
COMMERCIAL EPITOME-Tra
shows increasing activity Though the
volume Of the transactions is still be
low the average of this season., and
the general complexion of business
affairs is steadily improving. There
is 10 important changes to noteln the
commercial or business situation. The
financial position is also unchanged.
Taking everything together and all the
influences operating for or against
trade during the week we 90 not hest
tate to pronounce business affairs as
growing gradually healthier and as ex-
hibitinS q promise OF /; successful and
bright future.
At the North the general tendency
Of business is improving and mer-
chants are sauguine OF Il successful
fall and winter trade. The Financial
CAronicIc says: 'While there has been
very little change i'll the financial and
commercial situation since orr last
reference, q somewhat better feeling is
manifest III mercantile circles, though
stormy weather has interfcred with
business. \ growing confidence is be-
gotten OF the readiness with which IN
terror collections are making, which,
III view OF the fall III prices OF some Of
the agricultural products, and the
comparatively slow rate at which they
are being marketed, Is somewhat sur
prising. If prices Of many leading
staples are low and profits small, there
is a satisfaction in knowing that bust
ness is regulated by q demand more
for consumption than for q
long period, and with q financial con-
lition better than it has been fOryears,
Jhe season promises to be satisfactory
in its general results, even though
here be less snap to trade than we
have been accustomed to witness dur
ng the era of speculation following
he war. The country rarely ever pos
sessed greater wealth OF the prlncl-
pal fruits of the soil; there is a con-
inUcd plethora OF currency; the
,redit system was rarely ever
lpon a better footing; while the
oreign exchanges have not been
altogether SO favorable rs at present
or many years. We shall not have SO
good q market in Europe for our sur
)Ius breadstuiis during tie next twelve
months as the past, but there Is no
eason to doubt that there will be q
eady sale for our cotton, provisions,
obacco, petroleum, sc. The food
uppiy of nations Is ever the basis OF
heir industries, and we observe that
II England and in Continental Europe
rade IS steadily improving under the
influence Of peace and
,lenty and cheap money; and rs steam
nd the telegraph have made us all IL
there is likely to be q
revival OF business pros |
.erity on both sides of the Atlantic. |
t may be slow, but 1t viii nevertheless |
,e sure, and VIII be hasicued if labor |
will consent 10 abate its demands i'll |
proportion with the decline IN prices. |
7ood and rent, the two most important |
dement's in the ccst 81 living, are grad |
Ialiy settling 10 a lower scale, and it is |
mt reasonable that Tire wages OF labor |
hould he r2adiustc,. accordingly. |
When the cost of living has been sen |
IDLY diminished, it viii be no hardship |
OF the laboring classes to accept cor |
reduction Of wages. In |
Iue time these questions will be set
led. and then the country will start |
airIy in its progressive march.
In our local market there IS Il little |
discernahle iii the tinan- |
ial and commercial situation. Since !
he cotton began to arrive, and which |
sc may add here has been increasing in |
Is receipts daily, we have motto d a
lee ded improved feeling manifested
W all mercantile firms. 1t Is general |
Y believed that the marketing OF the |
present years crops will enilyen the |
.itaIity OF trade and We shall expect to
,e able to report al increase ot bus
ness every week.
Among the dry goods and wholesale
grocery merchants the fall trade seems
0 have set in, as large lines of goods
re being shipped to the interior al
most daily.
The naval store market has lulpgoV-
d generally. In spirits turr2r'!nc
md rosin there has been au advance
nd crude turpentine has held its for
ner figures, while tar is the only AZ
icle of produce which has receled
It all in its course Of prices. The ex-
ports for the week were 1891 bbls
osin, 1881 casks spirits turpentine,
md 3S1 bales OF cotton, against 1924
asks spirits turpentinc and - bales
cotton for last week.
Foreign freiGhts remain quiet at Is
or rosin and Gs for spirits tnr-
)entine.
The course Of our local money mar
,et has been tending 4 little toward il
eduction in the supply OF loanable
unds, the demands for discount OK
,eeding the current maturltie3 Of
paper, while the receipts OF cum cncy
throughout mercantile chahnel5 ana
otherwise have been short Of the ship
nents to the country, SO thst deposits
AVE run down somewhat; sti there
s not much animation III business,
nd while the money market is iirmer
u tone, rates OF discount remain III
The chief features OF the market i.ll;i
he changes CT prices Of prod"ca ana
for the week ending were |
s follows:
COTTON-TLcrc has been q mode |
ate enquiry for cotton during the past |
week to supply current demands Of !
and Il quiet market prevail
d. In some instances there were re- t
,orted declines, in fact the quotations
o-day as given below show reduc-
ion of to l cent Il Id. At the close |
he market is quiet and steady, with |
lolders asking full prices for such lots
s are wanted.
The receipts for the week |
nv. !. H.