Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1874-10-02
COMMERCIAL EpITOME-Tbere

| Co-hMEhClAL Northumberland
has been fair degree of activity here
tins week, in most of the principal
branches of trade, but the feature of
tie markets has been the decided i'm
proVement in naval stores and other
leading products, such as cotton, bacon,
pork, corn and other branches of mer-
chandize. The future is full of hope
and confidence. Our merchants gen
orally s;e gaining confidence. In
| stead CT wry and long faces, which
notice on all sides now O., cheerful
ness and activity which give assur-
| ance of increasing trade. If the
panic was precipitated and ae-
gravated in the first place by a false
financial system, administered with
objectionable imbecility, vet the solid
material interests of the country have
been tested severely, and have endur-
ed the ordeal In a manner calculated
to inspire the highest confidence in
the future. One by one our great in
dustries are recuperating, apd there
IS now reason to believe that the fall
trade will be large and remunerative,
though not perhaps characterized by
the rush and activity of former sea-
sons. Confidence is a plant of slow
growth. There is now more money
and less Indebtedness in the country
than at any former period in our his
tory, and there are also abundant har-
vests and small stocks of goods on
hand. Here we have all the elements
OF an abundant prosperity, the realiza
ton of which, in the very nature of
things, cannot be far distant
The naval store market, as we men
toned above, has improved, and prices
generally are much higher than
when we last wrote. The shipments
for the week We're 1880 casks spirits
turpentine, II ,925 bbls rosin and 395
bales cotton, against 13, 391 bbls rosin,
1881 casks spirits turpentine ard 3S2
b lies cotton for last week. BY the
above statement it will be seen that
the W ek's exports have about equaled
those of the former week, while the
receipts were only a very slight in
ere Use, and the stock shows no very
great accumulation on last week.
Prices of all branches of the trade
are higher than they have ranged for
some months, and the trade generally
is in a more satisfactory condition.
Foreign freights are unchanged.
For quotations see table in daily re-
port IN another column.
There was not much change in the
the course of general monetary affairs
during the week, gradual increase in
the dem md for money being observa-
BILE in most of the monetary centers
South and North, but no general
movement of currency from the North
to the South has yet taken place, and
the New York Bank Statement of last
Saturday shows that money for tenn
porary employment is still abundant,
there being a reduction of only $171,-
675 in the net reserve, and the surplus
is still $25, 1857 over the legal re-
quirement. There was a fair demand
for money here all the week, but the
amount of loanable funds, being small
rates have ruled firm, and the tone Of
the market Is rather frmer at the
close. The banks discount at 1902
per cent per month.
The chief features of the market and
the changes of prices Of produce and
merchandise for the week ending were
as follows:
COTTON-The course of the mar
ket in the early part of the week con-
tinued down ward and quotations were
reduced J to cents lower than a week
ago, but there was reaction of feel
ing on Wednesday and sellers held all
their stock higher, which action did
not meet the approval of buyers and
consequently they refused to enter the
market. To-day, Thursday, at the
close the market is still firm and quo
tations are higher.
The receipts for the week were as