Wilmington journal., 1875-01-08

iaAE-J on our part, DUt H&cauSG cI III
last remnant OF the holidays interview "
ing: business being generally suspend
ed on Friday and Saturday last.
COMMERCIAL EPlEOME - Th,
interval sipuc our !2s5 has developed
good degr=s- oi activity aud prices o
snauY ot tn., leading staples are firsae
and some have advanced The yea
closed calmly aud quietly in financia
circles and the ness year has begai
with few II any disturbing inhuerces
Tne C:Goinnari Commercial ReUjeu
publishes tba following retrospect Q.
th6 business ~ The country for the
year just closed:
"A yea, ago the pauic wllich ba0
bughted ti,A commerclal pros perity ol
the country, was beginning 10 pass
away, lfhe G,"uia for boarding up the
currency Of the country had reached
its cuiminaaug poiut, and th8 commou
sense OF most people had. III 4 meas
ure, resumed lts sway; bu5 sta when i
hurricane sweeps over tfe country
,.prooti,l& the strongest trees which
wilt not bend to it's force, so the panic
LETT behind rs wrecks which Will be
ari)s araIiJ for years, aud Tine alone
viii eventually eiTrot tine damage done
Time is now doing disappointed work:
tus root. OF the oFrt=s still st;rdIag
st.e- spreading into Tie soil Lett yacant
,nj prepf3 .ns FIR vigorous growth,
which viii hi,sa from view the deYas-
tatjOn which has b@eef wFaug!t.
10 dVcp the s;m3:e, let us look at
what has been accomplished during
t:le YeaC In the Wv Of FecuraJ2ftGi:.
Frst OF al, tha banking iutere-t has
resumed its usual course OF bu5iIcss,
and while the banks have not general y
been aLte toacclare a. iGrEa dividends
as usual thy have al or nearly all
made money, eEd are alJyaartatiy II =
sound aid prosperous COuGItjon.
He railroads, a. whole he7c done
bec.5r than cpa;d ave been expected,
il view Of ii! OF tie n0fa7orable cir
.:g.iG. .tstl.ea>s. lie = eat trunk line be
!Eeen the Best aud Nest, aud between
the North a5}I South, wh i tEIey were
1t oacurIbeGed with u"p"oti5abIe
leased lines, have earned their div
Geuds after paying all cIn.lsea and
and inc interest Oh their debts Un-
roads and Choaa which were
IL q precarious condition have default
q, 1t Is true pue Some u them s.ou!d
have done 50 IL any event.
The agricultural interest Eas LITE
OF s.ottiDg to co11p!~in Oh II prices
arg not satisfactory Tor wheat and cos
Dotsa-as III ss measure fur tue low
Vain, while tle rates which tie far
m5rs ubtaia iUr tier corn and hogs
AID oFlle1 produce max their income
average better than most .rears. The
80 y, -. = !.tn o
failure as has been reported, and the
prices obtainabie Tor It make up in a
large degree Tor the deficiency III the
quantity.
Manufacturing Industry has suffer
"a more chan most other enterprises,
and among them al tho iron trade has
7to0d the brunr OF the battle, aud will
be the last TO fnily recover, for other
branches of business must revive be-
fore the consumption Of iron viii reach
= point which viii consume the am ount
produced, even although the produc-
ton has been largely reduced. But
there are favorable indications even
in this business, for orders for iron
are increasing in the Eastern as well
as in The Western markets.
Iu cotton manufacturing most Of the
New England mills, which have been
running on reduced time, or have stop
ped altogether, resume work oR full
time with the advent of the ne y year.
Old stocks have been worked off by
of nearly all kinds OF
goods, and while the years business
In too many INSTANCES has not been
profitable, the country is in a condi-
ti0n to Consume II ore goods and the
manufacturers have a better prospect
before them, for raw IL cterials are
generally lower than they haze been
before for years, and wages are lower,
& lille the money market Is easy, and
there is every Indication that it a'ili
continue so most if not ali Of the year
1875.
Merchants os 4 rule have made some
uol:ay, but the slripkage in value OF
stocks Oh hand have IN vcry many III
stances cDunterbaianced their profits.
Some have made as much as usual,
out many have failed. The record Of
failures show about as many as in
1873, but a large number o these are
attributable directly to the panic ana
really belonging to 1873, while the
percentage OF loss Is smai4ur than for
tuat year.
The speculative fever has been at a
comparative low cub TINS is seen in
the reduced busin IS Oh the CIV York
Stock Exchange, and iii the Gold
Room, as well as in the Eastern and
Western produce markets.
And now With the current OF popular
Will set IN the direction Of Il sound
currency. we begin q new year with
ccnsid rUOie progress already made
toG ards recupe:a..on, and with the
prospec, OF d steady Improvements, al
Enough It must Of necessity still bl
SLOW.
In our local market, trade has beer
rs active as couia have been expected
for the opening of the New Year. Bus
mess men as Il general remark, have
met their obligations promptly. and :
careful survey by oar larger merchants
of their business for the past yeal
SHOWS that the aspect has been more
favorable than was expected. Busi
ness has not fully revived yet, bu
this is accounted fDrin measure, b,
the attention which merchants glDe1
a'lv are g3gsLg TO Their in door .bu5I
ness, balancing accounts taking stock
an generally arranging their affair
for another years business. The slip
ments of naval stores and cotton 70
the four business days OF this weel
foot up 2,0i5 bales cotton; /, 732 cask
casks spirits tucpentine and 4, 563 bbl
rosin, against 5.3S7 bales cotton, "a
casks spirits turpentine and 9, 378 bbl
rosin for last week.
Foreign fre3ghts are steady. Tn
supply OF tonnage at hand is not larg
/ but the demand for berths is 40
| active Fot rates see table.
| Tie chief features + The market an
the changes Of price OF most OF tn
lea hing pr ducts and nauufacture fo
tie week were as follows:
RO~IN-T-.e Rosin market La
been ve1y quiet II toae, Though as re
gurds trans actions tie resume Of SAG
foot mp largely :,oth for spot and fl
ture transactions. i Ne .kness set
on Mar day evening, which was imm;
diat=!y followed by a decline. At I'll
decline, however, there were read