Wilmington journal., 1874-01-09
COMMERCIAL. EPrTOMF.

COMMERCIAL EPITOME.- The
-c2mincrcial wear which has Just ended
shows the commerce u Wilmington,
- have been I3I. .236 casks spirits fur
pcutiue, 11,2 ,2o5 bhls. crude t,lrpenti4e,
$50, ,15l bbls. rosin, 1926 bbls. tar,
S,4Gf bbls. pitch, 29. $50 bales cotton,
f97 bales yarn, H,3J6 bales sheetiny,
73,3tzj bushels peanuts, 19,5I7, 76S
feet L. l.. Lumber, G.;3;:3S. 83G shingles.
an.i los, $50 slaves, amounting III yall-
alton Of p"ards of IS. 600, 900, against
III 1913 casks spirits tnrpentine, IL, sos
bbis. crude turpentine, 500, 1G0 bbls.
rosin, 37,2s7 bbls. tar, 7,347 bills.
pitch, 81, ,4i2 Daies cotton, AZ bales
yarO, 1855 bales sheeting, 1O3, G3O
bushels peanuts, %, 264, 152 fee. 7. p.
Lumber, 4,S6S, :23t shingles ard 1885,
60G slaves for last year, amounting in
valuation TO Sc, 100000 in all the
above articles we find n large increase
IL the export, but cotton and lumber,
which is explained as follows: In the
former there has been no decrease in
the receipts at this port, but the rail
ro&d arrangement in the carving Of
through freight via the Union Depot
does not allow the article to come
within our export. II we had included
the bales which were unloaded and
reloaded at this Depot the exports
would have amounted to $50, 900 bales.
! The decrease in the lumber trade is
attributed to the result of the panic.
/ which curtailed the mills from operat-
. ing, the most of which, the last three
months of the year. were living idle.
! While our coastwise shipments were
! abont equal to last year, we have the
~ fy-Iy Faot ySN H,oG
| eign and direct trade has vastly in
creased What we need At present is
more water on the bar and &
| mere per- .ystem OF tie work
! ing Of :I.c l-:i!"aads which enter
oUr "ify. iii" present nlagni-
! tud" oi O'lr exports only shows what
tha intlre blsinesS of this port could
be made when the improvements which
! a!:n now IN progress are completed.
Tr.:+ til, wei, has shown a fair
GeGrea - activity and some frmness
of prices. IiionGh the New Year has
opened the markets are still s1,biect TO
the influences OF the holiday season.
The business outlook is however, en-
coUragin9 and all the indications at
present IRE pointing II n speedy re-
yival of business activity and TO a re-
newed season Of prosperity in the com
mercial interests of the country at
large. The representative press Of the
country are all speaking in favorable
terms q the business outlook Of 1874
aC.l from the New crk Shipping and
Commercial List wC clip the follow
Ing:
Despite of the suspense as to What
cxpedient will be hit upon by Congress
to meet the deficiency in The p1bli.,
revenue. there IS hopeful feeling III
regard 1" the trade and cOrimoIcn of
the country during the ne year upon
which We have entered. There Is 4
prospect Of continued activity in tire
exports OF domestic products, slid =
WEoleso nc conservatism ~ TIE irrl-
ports. This improving condition Of
our foreign trade tends to benefit tx
change directly, and general confidence
is spondlngly increased. The
conservative course pursued IL the
mercantile class for the past year has
materially strengthened tho CONNER
cial Situation, while the equally con-
seryativc course Of the banks since the
panic is another equally hopeful indi-
cation Of the time. Ii the banks will
Only consult their permanent interests
and stand faithfully by the business
community. rather than the stock and
! gold spectators, it will become prac-
! tically impossible - repeat such mis-
! c!ijef as the latter class have rcuklessly
j made Tor Legitimate trade OF late wears.
! The basis OF our commerce and indus
, tcy i believed TO be u1exceptionailv
! sonnd, owing to Il eenerous yield Of
/ the fruit uf the earth. and an assured
foreign demand fcr the surplus OF Onr
leading staples. Manufacturing en-
. t,a,,-,,i w III IL Sr;.iJanIx-
ruptcd bv tho panic, arr reviyiUC AL
over ti,;s country. Tie ltnccrtailI-
tv* iis 10 the fipanc;,tl I5oIicr o; t'fa
GJeeYiii:It 81 Is Rlloglt t:ie only. tlIaE,-
? back 80 the Promising olt!o0k. huf
i, even this kEOttY problem may 3:,.c YET
so,rcd without taking lie ;,eoiiI.z over
thc dangerous road thea, have been
! travelling for several rcars, Oily to ehtt
in disaster and ruin. j. the Govern
ment needs more money tEl3n II revival
OF commerce and industry, and the ia
auguration OF greater economy in eX-
penditures, will bring to the Treasury,
it would be IL Thousand fold better ~
raise ii by Increasing The imports Oh
articles Of luxury than ~ borrow it or
resort to further initiation. The totin
try is sick Of financial Iuackcry. 1t
calls for gradual resumption. That
should bc the oycrsLadowing issue be-
fore Congress, and party lines ought
10 fade cut Of sight OH it. Ii imitation
is resuttcd to, values viii again swell
up until the bounds are again found
too barrow, when the alternative will
b. presented of another increase of
currency CT revolution. As before
remarked, the business heart Of the
country is sound, and recovery from
the recent panic will be not only
prompt but healthy, if Congress does
not commit some grave mistake, be-
fore the end Of the session. on the fl
nancial question.
The naval store trade of til, week
shows decrease in the valuation Of eX-
ports. The exports to the United
Kingdom for the week were only 6,2S6
| bbls. rosin, 40 casks spirits turpen-
| tine. and GO bales cotton, against
! 1863; IBIS. resin, 1000 casks spirits
! turpentine, and 683 bales cotton.-
Rof in has moved very irregular and
| there is quotnble decline of ) cents
since or last. Spirits turpentine
moved steady early in the week, bnt
! afterwards became firm and advanced,
! closing steady. Crude turpentine-The
receipts by the late freshct in the river
haveincreased very largely and the city
manufacturers have again resumed
operations. Tar has been steady
! without change Of figures. Cotton was
quiet early in the week, but tthc close
/ is firm and quotations have advanced
! to cent. Dry GOODs-There has
been very little business transacted
! since our last report, and the condition
/ of the market is not essentially
changed. Values haze steadied up
somewhat, and there has been q gen
orally higher range established in
view Of tha near approach of the
spring opening. Ilero Is q: ...y strong
undertone in the dry goods market at
present, and altogether the outlook is
favorable for liberal Spring distribu-
ton at fairly remuncrative rates.
GRAIS-Tho grain market has been
very quiet all the week, and there
were no changes in any particular
IF ~ Own &c lncbanr-