Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1874-03-27
COMMERCIAL, EpTTONE-

Essarc7s I'd. 1871.
COMMERCIAL EprCOME-Th
| Is little change to note since the date
Of our last review in the CONNER al or
financial situations and we, still report
business N nearly all branches of
trade dali aud generally, in an unsatis-
factory condition with prices for most
descriptions of produce and merchan-
disc. more or less, unsettled The
whole spring business has thus far
| been disappointing, and there is at
present but little prospect OF an i'm
proyement. On the financial situation
the Commercial last says:
| General trade makes, but slow pro-
| gress, for reasons that must be famil-
lar to business men by this time. In
some departments a little more ANNA
ton is apparent, the necessities of con-
sumers compelling somewhat freer
| purchases OF the leading articles of
subsistence, but commercial and indus
trial G iterprises are not being pushed
with customary vigor, because of the
| continued uncertainty in reference to
the limit OF the currency circulation
| The discussion of this question has
| been going on in both branches of
| Congress during the week, without
any very definite results, though it is
| intimated that the whole matter may
| be settled next week, under the strong
pressure which has be n brought to
| bear by the leading business men and
| press OF the country. Senator Logan,
o0e of the leading advocates of infia-
ton, in an elaborate and specious
| speech during the week insisted that
| the West and South need more cur
rency to enable them "to enter upon a
renewed career of prosperity"
We agree with Mr.. Logan entil ely
| about the South needing more money,
| but he South needs something besides
| this. She wants to be independent Of
the North for her supplies, and to do
this she must raise more of her pro-
visions. / an article published in
the Journal a few weeks since we
wrote upon this subject. Oar remarks
seemed to have been fully appreciated
by the press of the country and have
drawn forth several articles from able
writer's upon the subject Mr. J. ID.
Tbo:uu, II we'll known farmer in the
Western elton Of the State, in writ
ing o tho american Farmer, reittcrates
II remarks 50 fully that we give place
to the publication OF his letter and COM
mend it to the farmers az good advice
which they cannot fail to profit by
reading and following. says:
We of the South are in All anomalous
position. The late monetary revul-
sion and heavy fall i'll our chief staple
has left the agriculturist, especially of
the "cotton belt" without chart or
compass.
If it shall produce that new depart
ure which [ have so long strenuousiy
advocated, viz: Il system of mixed hus-
bandry, well; if not, the people will
deserve to reap the reward of their
own folly.
A people, with year after year OF bit
ter experience, who continue policy,
(s1licitlal at best) to produce one single
article of commerce. the price of which
is governed chiefly by II ring" and
to purchase almost entirely from this
ring their daily SUPPLIES, is SO fatlli-
tous that while it should create sur
prise, it ought hardly TO excite sympa-
thy. And yet, glancing at the portal
OF the newborn year, [ can see SO far
no contemplated change of policy, save
only SO far as to those who are SO Grip
pied that they are unable to proceed at
! all. The question at the head of this
article very naturally arises ''Iuo
| tcHdint5tS!" and it is one pregnant with
| serious thoughtful consideration of fu-
| tare interest. With all their bitter ex-
perience, | believe the Southern far
N r las body" were funds ample,
would plant one quarter to one half
more cotton this year than they did i'll
1873, although it is now selling below
Tic cost of its production; and where
, FIRE ? It is so hard to leave old beaten
| paths, aud each one is living on that
annually recurring futii. hope, that
! higher prices will prevail, and little
Will be made, as the people are too
much Impoverished TO plant largely
ergo, now is the accepted time for our
! golden dreams to be realized. Alas,
each succeeding lapse is yet more ia
tai.
As tIr. HILL Of Georgia, very trit, "
remarks: -, people who are not self
sustaing are and will crty. be slaves to
those who supply them" Plant half
vOur land il cotton, brethren; make it
rich, cultivate it nicely; put your other
half in grass and clover; get some
choice stock; if only few, get the
! best; determine you will raise your
own supplies, if no more; and if at the
end of tive years EOu are not Il happier,
| wiser, richer ana better people, with
more money, more self-respect and
more respected, then / will agree to
s'go where the woodbine twineth," and
TO sit at tile feet OF the veriest fool for
future instruction.
III orr city the wheels of commerce are
! revolving with somewhat more vitality.
The Naval Store trade has increased
duri1g the week, higher prices have
been paid for some qualities while low
er prices have prevailed in other de-
partments. The Dry Goo Is trade is
on the increase. Our merchants are
North purchasing Spring stocks, and
shortly we expect to see the wharves
and stores piled with new goods OF
every variety. In the export move
ment OF the week there has also been
AN increase There were 2,775 cask
spirit turpentine, 16, 1S1 bbls rosin, l.
500 bbls tar, and 1913 bales cotton. OF
these the bulk of spirits turpentine and
rosin were shipped foreign, but the tar
and cotton were to domestic ports.
! Ro-IN-The rosin market was quiet
and steady in the early part of the
:. e., an. .s;.I,l~ 1t became firm and
closes to-day with quotations higher
than last week. SPIRITS TURfENTINE-
In this article the market has shown
the reverse. In the beginning of the
week it was firm. but afterwards re'
acted and closes with decline. CRUDE
TURPENT1NE-Wa steady up to Wed
nesday evening when arevulsion occur
red and it has declined slightly. TAR =
Declined also early in the week. Coz
ToN-Has bean frmer and slight ad
lance has been established. GRAIN =
The market has ruled steady. Corn
has been steady. OATS the same ant
also PEAS and RICE. Provision:
were quiet and steady al
the week under stronger advices
from Baltimore and the West. DRY
Goops-The market has changed
very SLIGHTLY since our last. The ad