Wilmington journal., 1875-02-19
REVIEW
OF THE
WILMINGTON markets,
FOR THE
WEEK ENDING TEUHSDAE.
Feb. Is. 1874.
REVIEW

factory. This is tie result OF many
uufavorabie circums ances. In the
| hrSt place much uncertainty exists
respecting the action of Congress upon
the revenue aud finance bills, and il
the second place nav! cation and trans
portat,o,I has BEEN lInped@d by the
suow storms and ice b!ockades at til g
North. Bnt III spite OF these draw
backs, business and industrial affai S
are, for the most part progressing s.s
favoraDiy as could be expected, IL!
things considered, and there appears
to be no reason to doubt that we
shall have Spring trade OF lar
proportions; aud what is Of impar-
tanca, 1t promises to be conducted
| upon sound principles Of economy.
| We do not Wish t. De over sanRutne.
| or 10 leAd our readers 70 indulge u
hopes that are lot likely to be rrail3 Il !;
but really the :eudsucy nf tbr time. ~
undoubtedly towards improvement.
| While the country probably never
| contained a Larger proportion ~ 1.in
| elements of prosperity ttaa 1t dos
| to- day, it Is not tu be denied tiiat ttiirr+s
| are lacking one or two essentials IuI
! their utilization aud tor turniJg them
| TO the best account, namely, corr
! plete restoration OF confidence, which
was so badly shattered py the panic,
and greater stability III the natlOnnt
finances. including the royeDus ia>os
and the currency Confidence, though
prOverbiasly plant on slow growth, 'S
yevlving about rs fast rs is consistent
with the affairs OF the industrial and
commercial world, but The iipsnces as,
in 50 muddied condition thai We
fear there Is little prospect of AZ early
Improvement IN this directiou SuN
they have been far worse during the
last len years thai they are how. and
when trade revlves actively, as It viii
with the break up OF Winter, evrry-
thing may work smoothly and mon"
satisfactorily than many now appre-
bend.
Az a favorable indication the New
York Shipping Last say:
We may mention that onr latest st!-
vices from England seem 10 fortsG.i
ow q substantial reaction from tIle t.a-
preston of the last year. L is re-
mai ked that tho low prices OF nearly
all the raw material Is having tAe
effect to stimulnte both Consumption
and production, the cheapness of the
food staples also exertiDE powerful
lDnueuCt III LDt SdIuS N9lCCtiiFl. L iit4
business relations between the United
States aud England are so intimate
that 1t is matter of just cougratuia-
tion that the tuning point should
have been reached at last in both,
countries. If the improve ment with
us has appeared slow and tedious, It
may be attributed. in large part, to
the unreasona bleness of our expecta
ut ~ l1n
looked that credit has been subjected
10 an enormous standard during the,
last year and half. hepce the precise
parties whom it would be safe to trust
IL not always SO upparaut to capitalist u,
as to many others. This will expiaIs,
why it is tnat capital has been lying
dormant for so long periou to br
loaned on call at N. rel noniuai rates,
instead of finding lts way through the I
arte rles OF conn and industry. /
At the proper time things viii take
start, aud the gloom of to day U IL /.
give p!aco to the sunshine of tn-mOr- !
row.
Iu our local market, trade generally !
continues quiet, and there Is 10 in !
portant change to note IN the 6uau /
ciai or commercial situation.
In the foreign aud cOaStvlse exports /
of naval stores and cotton during III" /
week there has ben large increase !
o v.lu ton, tie 1gnr $50 Il g ny !
1870. 900 for this week against &-UO.uJO /
for last week. The prlnctpA articles ,
OF shipment were as follows: Cotton /
f. 093 bales, spirits uu;p~Ht.ue 3tr9 ,
casks. roein IA 3UI bb.s., crude tur- /
pentine I44 hhis., tar $40 bills, !
against, cotton 3,lI1 tales, splrit@ /
turpentine 2.2Ji cesks. rosin II 3iT
bbls., crude turrsntIne II Dbts.. tar
All bb;a., for lass week
Foreign frejRhfs are firm. The sup-
ply of TO. uaGe ;tt hand Is uot large aud |
vessels are wanted.
The chlei features + the nsarkcta.2a |
the changes Of price of most OF th"
leadipE products o0d manufacture icr
1 he weeh were as follows:
lION-rhe market for cotton
was inactive most of tife wee!
and the transactions were light
The week opened al an advance of
cent per jb. III quotations. Prices
were sustained up to Tuesday when ii
reactions occurred aud the official quo
tations were r-duc, cent
Wednesday the market reacted AID
middlIng was placed up / cent. S:nct
then aud up to the cio-e o-day prices
have continued 20 be sustained. Tie
d mand has been principally tor *
por there being little if any specoio
tive eEquify.
Tne receipts fer the week were as
follows:
Er,d.y 5S7 haley