Wilmington journal., 1875-07-30
REVIEW
OF THE
WILMINGTON MARKETS,
FOR THE
WEEK ENDING THURSDAY,
July %. 1878.
REVIEW

OoM nO1Ah
the past week may be regarded fairly
active when we consider that this is
the summer season. Business opera
tions have received a severe check this
| week by the failure of the we'll known
banking firm of Duncan, Sherman &
Co. Naturally enough, the closing of
the doors of one of the largest bBnking
| houses in the United States should
cause great sensation i'll Wall street,
as we'll as here i'll our own city and
elsewhere. 1t is not believed that our
Wilmington business com .nunity will
suffer any direct loss by reason of the
failure, but the confidence that has
been gradually growing i'll favor
OF good trade this fall will be badly
shak en, and it will require sometime
to restore it.
Cotton has been directly injured
by the failure on the announcement of
which there was a decline of !
cent.
Naval stores have improved during
the week, except in the crude articles :,
on which there was a decline.
The export trade for the week shows
a small falling off casks as COM
pared with last week. The ship
ments, coastwise and foreign were as
follows:
Cotton bales, Spirits turpentine g.
276 Rosin 10, ,O17 bbls. crude turpentine
379 bbls.. Tar 4OS bbls. against
Cotton 27O bales, Spirits turpen-
tine 3, 934 Rosin19, $50 bbls., crude tur-
pentine 161 bbls., Tar 440 bbls.,
for last week.
Ocean frelghts continue quiet. There
was no increase of tonnage during the
week. Rates of charter and freight
are unchanged.
The chief features of the market and
the changes of prices of most of the
leading products and manufacture for
the week were as follows:
COTTON-An influences acting on
this staple have been adverse to prices
during the past week. In the first
part of the week, the suspension of
Duncan, Sherman & Co., who were
largely interested in the speculation of
cotton was reported, and decline
was caused. The latter part of
the week the telegraph announ-
ces the suspension of the
Manchester and other cotton mills
in England and another shock is felt.
The decline is reported for to cent.
but in our own market, there were no
transactions owing to the extreme small
stock and light receipts.
The reports from the general crop
are favorable
The New York Financial Chronicle
of last Saturday says ''Our kilograms
tonight show in general that the crop
continues to make every favorable pro-
gress. There are, however indications
of less satisfactory nature in few
sections, too much rain being reported
in some localities and too little in 9th
ers." Our Mobile correspondent notes
the appearance of caterpillars i'll GER
tain counties in Alabama. They have
not yet done any harm, and, with dry
weather, are not likely but, with an
excess of rain, they would soon give
cause for anxiety. The rainfall has all
this month been in the nature of local
showers and not at all uniform. We
see that our Texas kilograms are more
favorable tonight, and at Memphis
they have splendid showers, which
were SO much needed.
At the close to-day the market is
strictly nominal. The receipts for the
week were 13 bales; exports, 81 bales,
and stock is 40 bales. The following
are the nominal quotations
Ordinary. ry.......... nominal.
Good Ordinary .13 cents.
Low Middling. .143
M1ddnng. -144
Good M1ddllng. .-..-.. .14f
ROSIN-Since our last review there
has been better feeling esta ablished
in this market, and although no ma
terial advance is reported in any of the
grades, frmer feeling has been sx-
hibited and sellers were stronger in
their views. The transactions have
not been large for want of ship DOM,
but fair amount of lots have been
taken. The sales for the week foot up
!, 900 bbls. strained at $I,374@S1, 40
and 600 bbls. me Rosins Q To NJ at
50, IS to So, so per Dbl.
The receipts for the week were 9,643
bbls. Exports 10,0l7 bb,s. Stock in
yard and ahoat 81 ,U37 bbls.
The market closed finn at the fol-
lowing official quotations.: