Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1875-11-05
COMMERCE. Of vELMlNGToN.

The depression and want of conf
deuce in business circles seems to he
almost, if not quite universal. Ger
tainly no section Of the Unite d States
Is free from the stagnation in trade
that is se4uif1tr from this depression
and want Of confidence.
The Northern S.i:es. here We
would naturally expect :" lind com f:<r-
ative ease and contideuc-, are perhaps
suffering even more than the Southern
States. Everywhere throughout the
great cities CT the North, rnd through
out the great mitiing and manufactnr-
ing regions of Pennsylvania and New
England the un 70 m complaint is
hard times and nothing doing In
the South we i'aYe no II 'ney, but then
we have not the greut need for mOrey
which presses burdensumely on the
people If the North. With this. cur
climate las great deal to do. Fuel
and clothing go To make up very con-
slider BILE item in the account of the
absolute necessities of f i'll d North
ern latitude. And then ag ain the pop
! ulati0n of the South is less dense, aud
| the rate of rents for lands and tene-
mente, where these have to be rented,
is much lower in the South than in the
| North. Although We have but little
! money, and those of us who are in
| Al
come up in every insta nee to the re
Quirements of commercial transactions,
| yet the great money crisis which is
pressing so heavily upon the country
! will not be felt in the South with the
degree of pain and distress that are
experienced in less favored latitudes.
From our exchanges and from other
sources we gather that the gloom and
| distress which arise from money diff
cuIties, are greater in the Dom niOn oi
Canada than they are even in the
States. This distress extends to Eu
rope, as f Dv rcf,'x action from the
shores rf America. London, Liver
pool, Ber in end all the great European
cities that are in any way connected
with Aneric IN trade aud commerce
are undergoing great financial diff III
ties and distress The stu .tion ii
Buenos Ayres il said to be without 6
precedent in the financial troubles o.
any country since the world PECAN. IL
a population Of 100, 900 it is said there
i not more than one commercial house
t. ft wi b credit in New York or Bos
ton: and the trade of Buenos Ayre.
has heretofore occupied a prominent
place IN the accounts of the IneI chsnt'
of New York and Boston.
All this financial trouble and di tres,
we believe IS tracabie to, and eau b'
fixed upon President Grant Admins
tr4tion aud the Repmblican party.
But it is not our purpose, just now
20 discuss the causes of these trouble
or their political bearing We starte'
out with the purpose of makirg som'
Comment upon the coIumtrce at.>
tra6e-prospects of Wilmin ton.
u
it to onr Railroad depots, will sati>f,
the obsel Yer = at, while dnliness ma.
/. be the nominal cona;ticu u ar loc
trade for the time, all IS life, aud sc
tivlty amoug our shipping and 70
werding agencies.
We are informed that on lest Mon
=
bes3fs Of cotton awaiting shipment a
: the Upion depot. Fer the past mont
AT three Of the :ail-rna1s cente 'iug j
tits c.ty haze r nnn tax,,1 t1 tie vsr
u....a2. Of tnrir c1'rj.'-8 captcltv, ,
keep the cotton fryn accommodating
which they have tiied 70 do. Tram
are moving night aad day, at a
J hou-s; and railroad men tell US that O
the Weldon road there are no less tha
S eighteen trains moving Northward i
| one day. This unusual activity ha
t been exhibited likewise, on the Care
!, lima Central, and on the Wilmingto
Columbia end Augusta Railroad. A
Union depot, taoenty .fOe hundTe
Oae1s Of cotton have beed farwarde
g this month.
9 Captain A. D. Cagraux. agent of IL
q New York and Baltimore line {
steamers, with the facilities of his g.
70 mi-weekly lines to both ports, ha
70 not been able to move all the co to
It that has been crowded upon b
"a wharves, and we are informed that
this present time, he is awaiting to-
b mage which he will soon have to mo'
6. three thousand bales. When we CO.
slider the naval stores that find an on