Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1875-01-01
COMMERCIAL, EPITOME-Busi-

COMMERCIAL EPITOME-Busi
has been as active this week as could
have been expected during the holi
| days. The Produce Exchange ad
lourned On last Thursday, over til
Monday, and consequently we have
only four days market to report in
this review. Some disturbances to
trade have occurred at the North,
which have been anticipated for some
time, but they were only the failures
| of dry goods houses, and cannot have
much effect ON Legitimate trade, and
the business of the country generally,
il considered as very promising. for q
new year. The fcance bill, which
has passed the United States Senate,
is regarded as of a very doubtful char
acter, depending much upon the con-
| struction that may be put upon 1t, and
its passage is likely to continue III ac-
tive operation, the repressive in
duences which for some time back
| have existed.
On the condition O. genec-
al trade, the New York SHIP
ping and Commercial list has the
following article, which we publish for
want OF other matter of local import
| ance for this column. The article
gives very general idea OF how the
trade Of the country stands at present,
and contains information which may
be acceptable to commercial men. 1t
is we'll worth their perusai II says:
The closing days of December, areas
usual, largely devoted 10 balancing ac-
counts, iquidating Indebtedness,
counting stocks aud making arrange
ments for a new departure, and OUR
review Of the market IS, therefore,
curtailed somewhat Of its ordinary
proportions. For the two business
days that have in5ervered since our
last reference, there has been about IS
much business transacted a. usual ut
shis period, with probably no more
than taa customary fluctuations in
value. Notwithstanding the dull cen
iition of commercial and industrial
affairs ali through tho year, We are
pleased to note II decidedly hopeful
feeling in regard TO the futurs end
this, OF itself, goes very far towards 4
restoration OF trade to It's normal con
dition, for it is upon al improved
feeling that business operators CT
every kind usually build their hopes
The lessons Of over trading, over
speculation and extravaganza. which
precjpitated tic panic OF last
year, have been well learned and
also salutary in their influence. aud
the future. therefore. appears full OF
promise. Indeed, were the situation
less encouraging than it really Is, the
the bouyant spirit which, by most
benevolent provision, is inherent IN
human nature would still shed its own
cheerful lustre over all is passing s'lG-
roundings. Tt Is the season for re-
newals ard of inchoate enterprises.
and the greetings that are exchanged
in the haunts OF business bespeak the
undying strength of hope. The i'm
ports aud exports continue below the
corresponding period last year, the
decline in the former being largely in
consequence of the inactivity IN those
departments OF cur home industry
which use up raw materials, whlio the
falling off in the latter Is mainly due
to the less urgent demand in Europe
for our food supplies, by reason OF
good crops there. Our local finances
are without appreciable change. The
currency supply is still superintendent,
and it Is seldom that the rates have
been so low at the close OF 4 year; as
they now are. Exchange is strong and
gold steady.
In WILMINGTON, IS we said above,
trade has been very qu4eI, In fact bus
mess has been more or less neglected
for large portion Of the present week
nor is there likely 10 ho any change in
affairs until the year turns. Our bus
mess men generally are encouraged to
go forward into the new year, looking
to the hopeful promise of @ better
future. Many Of them have already
grasped the helm of their own enter
prises with a strong determination
OF steering their crafts, and to transact
business upon safer and better
foundation.
Naval stores and cotton have ruled
Quiet and few If any important
changes of prices have occurred. The
wear closes with a short stock IN hand
nnd better prices are hopefully anti
cipated. The shipments OF cotton and
naval stores coastW Use and foreign f0r
the ten days ending Dec. 3Ist We're as
follows: 5,3S7 bales cotton, J4l casks
spirits turpentine and 1913 bhls 1osin
against 3, 379 onles cotton, 1882 casks
spirits tLrpentine and 1892 bbis rosln
for last week.
Foreign freights are steady. The
supply OF tonnage at hani is not large
but the demand for bertl5 are net
active. For rates see table.
The chief features Of the market and
the changes of price of most of the
leading products and manufacture TO-
the week were as follows:
COTTON-The cotton market du-
ring the week has been quiet, trans
actions were moderate and III the ag
orcgate were less liberal thal during
the previous week. Towards the close
there has been a somewhat better
enquiry The offerings were less
free, and to-day holders were not dis
posed to sell without an advanco which
buyers hesitatz d to meet. The arriv-
ais were less liberal, er1 t1.c stock
has further decreased. ~ the close
holders are disposed to be firm at the
highest prices AID are generally about
! cent above the views of buyers.
The receipts for the four days were
as follows
Monday ......-......... boO bales.
Tuesday. -......-...... 166 &c
Wednesday, --.--.- I59
Thursday ............ 20l &c
:" Being a total OF 1,2l6 bales, against
3.2U7 bales for last week.
The general Cotton movement for
the week was as follows : It appears
that the totsI receipts for the sac days
have reached 144,O8l bales, against
198. ABA bales last weak, 10000 bales
the previous week and is, 942 bales
three weeks since, making the total
receipts since the first Of September,
1874, 1856, 500 bales, against LAO. 1876
bales for the same period OF 1873
4,showing an increase since September
l, 1874, OF 225, TAB bales. The exports
for the days ending, reach a total of
| 50, 7O4 bales, of which 5,781 we're to
| Great Britain, G,428 to france, and
| 1885 to the rest of the Continent,
while the stocks as made up are now
| III, 1894 bales.
The following are the official quo
tations to-day:
Ordinary .........11 cents.
| Good Ordinary 1874 IS