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    Hosiers looki for 1106 THE 1. EAP E.B.. ...

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    IltONMASTICKB 1 QlJARTKIU.Y MINTING. —H'...

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    General Trade Report. London, Friday Eve...

    demand , but especially as regards that from the United States , the orders brought by the Persia having been very considerable . Of course the progress of general improvement thus indicated will almost every week receive temporary checks in some branch or other ; but the general condition is progressive , and , as a necessary consequence , the employment of the people is increasing . The railway receipts of the week confirm these general statements . Comparing still unfavourably with those of the corresponding week last year , they are enlarging from week to week , particularly the returns for the conveyance of goods and merchandise . On some lines there is a very large increase ; and as to freights , there is certainly a much better feeling among the shipping interests , which have long been depressed .

    The money market remains very easy , and exceedingly low terms are offered to commerce , but commerce is increasing without using them , except to a very small extent . In the course of the week the supplies have been greatly enlarged by the payment of the dividends , which commenced on Wednesday ; and since then the best paper has been done at 2 per cent ., though for other classes there is no material change . The Bank Directors * at their weekly court on Thursday , decided upon maintaining their existing minimum at 3 per cent . This resolution caused a good deal of disappointment among the speculators ; but it had no effect upon bond fide traders , who have now the command of means sufficient to render them

    independent of discounters . Last week , and again this week , and particularly to-day , the continental exchanges have been turning against this country , partly in consequence of the National Bank of Austria absorbing large amounts of specie in prepration afor resuming specie payments at the beginning of next year , partly in consequence of heavy payments in connexion with the Lombardo-Venetian Kailway concession , and partly in consequence of the remission of some amounts of gold to Constantinople in connexion with the new Turkish loan . The German banks , to protect their specie against

    the movements at Vienna have raised their rates of discount ; and thus gold can now be sent to the Continent at a profit . Perceiving these things , and perhaps rendered titnid by them , the Bank Directors , with 19 , 496 , 991 ? . gold in their vaults according tothe return in this evening ' s Gazette , and 12 , 000 , 000 / . notes unemployed , with no discont business , and a formidable competition for such bills as are to be had , maintain the minimum . at 3 per cent . The returns of this evening , however , explain this policy . There is a diminution of 29 , 484 / . in the bullion , and 407644 ^ . iu the reserve .

    , The cotton market at . Liverpool last week appeared to be dull , owing to the comparative absence of speculation ; but prices were , in the majority of cases , against the buyer for the most useful descriptions . The present week has manifested almost exactly the Same features and the same tendencies , and the firmness of holders is substantially unshaken . Notwithstanding this state of things , the market for yarns in Manchester has been somewhat weaker , and prices have shown a tendency slightly to droop . . The demand remains sluggish , but it improved to-day upon the receipt of the Indian advices . German

    buyers have held aloof , and have done little , except for pressing orders , which have been limited . In general , the finer descriptions of yarn remain very firm . The cloth market has been decidedly firmer than that for yarns , but business is restricted by the quietness of the demand . Producers , however , show no anxiety to press sales , being still largely provided with contracts , and they therefore refuse to make concessions , which would , probably , be the means of vastly stimulating business . After all , it is fairly regarded as evidence of a sound condition that prices ore so well sustained under a slack demand of some

    ¦ weeks duration now . In Blackburn the business in yarns has followed the course of that in Manchester . It is only in the lower numbers , however , that spinners are disposed to yield . Sine counts are very flrnu In Leeds the woollen trade is substantially unchanged ,, though it has bad , rathor the aspect of one of a retail character } that is the country drapers have been tluei chief buyers . The wholesale houses have , however , been , also busy , and , generally , the markets have shown a full average of transactions . On Tuesday , and again yesterday , there was a

    n umerous attendance in the halls , and a fair quantity of cloth was cleared from the stalls . The inquiry was principally for seasonable goods , some new descriptions- of which meet with , favourable notica at the hands of the buyers , * a * much , from , the novelty of the designs as from the superior character of the manufacture , With , respect to the , articles in . ordLnury demand they do not- fetch higher rates * bu * both for these and for the new patterns prices have a stiff ©* tendency . The state of trmle in the clothiproducing districts is satisfactory , the mills being well and constantly employed , aud the various departments , of the trade full of business . Indeed , stocks are noVr so satisfactorily worked that many

    clothiers are able to clear at ; once from the mill to the warehouses of the merchant . The flax trade ) leather trade / and other staples of the town art ; pretty busy ; exception only being taken to the iron trade , which is yet in a depressed condition , more particularly in the manufacturing brandies of it . In Bradford there has been but little business in wools , and sellers have had to make concessions , holders being exceedingly firm after the partial advance established in Liverpool . The prices of noils and brokes have remained stationary . In worsted yarns the prices restrict transactions , buyers being under the impression that before long their terms

    will be conceded . A fair average business has been done in pieces , particularly in plain , goods , such as cobufgs , Orleans , and merinos . Inquiries are also making for goods suitable for the American market , and it is expected there will be a tolerable demand for these goods when the Americim houses commence operations . Prices are exceedingly firm , it being well known that goods have not risen in value in proportion to the advances established in wools and worsted yarns . At Monday ' s and yesterday ' s market a full average business was done in goods for the winter season . Manufacturers generally are well employed with orders .

    In Huddersfield , at this week ' s markets , the demand has principally run upon spring goods , and less has been done in winter stock , which is the principal thing offered at the present season ; Fancy trouserings of medium quality were mostly in demand ; black doeskins at from 3 s . 6 d . to 4 s . 6 d ., and steels and oxfords at from 3 s . to 4 s . vere asked for . Although the trade in these articles at the present season is not very brisk , the demand , however , was considered an average for the season . The shipping trade has undergone a slight improvement . Several foreign buyers were present making larger purchases than usual , and looking out for spring rangers . Bedford and woollen cords continue in such large

    demand that the goods cannot be produced fast enough ; there is none in stock . Very little has been doing in the wool trade during the week . Transactions are few , and prices continue very firm , and are likely to do so for some time to come . The stock in the cloth halls is very meagre , and there is but an indifferent assortment . Our manufacturers generally have on hand large orders for goods suited to the approaching season , and there is every prospect of an active spring trade- Prices generally are tightening in consequence of manufacturers having to pay more for material . Wool and oil are increased in price , and they cannot therefore produce their goods at the same price except of an inferior quality . . . .

    In Halifax the state and prospects of business have changed very little . The wool trade continues dull , but prices are the same . Manufacturers are generally pretty busy , the coldness of the last week or two having caused a rather earlier demand for heavier goods . The yarn trade is decidedly flat , with a tendency to be depressed . Home or foreign orders are not so plentiful , and the reluctance to give the required advance increases . In Rochdale less has been done in the wool warehouses than for some time past . Manufacturers are still able to keep out of the market . Staplers continue to speak as if a fall in value was improbable ; but for large quantities they would , doubtless , be willing to take a shade less . They also predict that for both English and foreign wools at the

    forthcoming London November sales , higher prices than those current will bo realised . Short wools keep up their value well , but the gradual increaso of skins now coming into the market is found to put a slight check on exorbitant demands . The large flannel manufacturers are well employed on orders , and machinery is running full time . The country manufacturers speak less of short time than they did a few weeks ago , and should wool come down , a firstrate trade may be expected . The turn in the market is , therefore , of some consequence . There has been a full attendance of buyers , but their operations are conducted with great caution . The finer quality of flannols and union goods commands a brisk trade , and all kinds are quite active . Tho recent advance on all goods is well sustained , and some have succeeded in getting further advances .

    In Nottingham there in a good domain ! for Maltose laces . White sillt edgings hang honvily on hnnd , there is no moving them at regular pi 4 ices ; but from the number of machine owners who have out out their warps , to go on with other fabrics more in request , it is generally thought a speedy revival will take place . Many manufacturers nro staining 1 or dyeing their white silk pieces various colours ; violet , covlae , sky-bluo ,, Napoleon blue , gvosoille , and tho like . Others are meroly worldngjthe thick throada in thoso colours ; but great caution is required , as pieces ) com posed of these colours loso thoir bloom in stock , nnd rf the faahion in any way declines become valueless . Tho hosiery tradoa are In « prosperous state , especially those manufacturing ' from round and rotary machines . Several of tho warehouses have orders on hand that will last them until Christmas .

    generally are ng a good trade " wUh America , several of the hosiery buyers having ar rived by the Persia ; and letters by the same ' niail state that the stocks ,, both of hosiery and lace , in the-United States are low . . Trade is tolerably good at Leicester , the supply and demand being perfectly regular . There is no accumulation of stocks ; but much complaint about the high price of the raw material . Tho linen trade of Belfast ami the neighbouring towns is iii much the same condition as described last week . There is a brisk demand for most fabrics and full prices are paid . At Dundee there has been some degree of dillness .

    In Norwich , the fact that trade has improved , both in the shoe manufacture and in the manufacture of Norwich staples , is proved by the gradual diminution of pauperism . Few able-bodied persons are out of work , while the paupers in the -workhouse are fewer in number than they have been for some time . In Macclesfield , where the staple manufacture is that of silk , also in Congleton , Middle , ton , Coventrv and elsewhere , the case is the same . There is " a good demand for all descriptions of silk goods . The Staffordshire potteries continue to be fully emploj-ed with home and foreign orders , particularly for the colonies . The quarterly meeting of the iron masters of the district of . Birmingham and Wolverhanipton was held at Wolverhanipton on Wednesday . There , was . " . numerous attendance of the members of the trade of

    the district and elsewhere , and there was a more than average number of . merchants and agents from London , Manchester , Liverpool , and Bristol . It was unanimously resolved that 'the prices recommended to this meeting at the preliminary meeting should be confirmed , and that the ruling rates in the current quarter should be those which have prevailed in tho latter part of last quarter . There was a disappointment in the amount of business transacted , it ' being considerably less than was expected . To some extent this may have been attributable to the circumstance of there being no speculative purchases of iron , and an inclination on the part of consumers not to enter into heavy contracts , pending the slow

    progress which trade is making towards recovery . Shippers of iron are actuated by much the same disposition ^ . There are no large continental orders in ; and a similar remark applies to the American trade . It must be noticed , however , that the American firms , who have an extensive connexion in thai ! quarter , are now receiving orders ' bj' every packet ; as a natural consequence these are not large—there being no longer the distinctive line between the spring and fall trade , which formerly existed . It was pretty evident , however , that notwithstanding the comparative quietude which prevailed , the tone of the assembly was good , and a conviction very generally existed that the trade is in a better position than it was a few weeks ago . Under-selling ot good

    brands of finished iron lias declined , and the great bulk of the firms have sufficient onlcrs to keep the melts and forges in full operation . Pig il' 0 " . . , , T improving in price . A good many sales of hot-biasiron took place , at from 3 a . Gd . to r > s . per ton hijjiier than would have been given a month ago , and , so far as we could learn , the demand is suilicicnc to prevent parties stacking pigs , though , for tho V ™**" * it is not probable that there will be ony ™™ tif to the number of furnaces in blast . Uhe YVonuhompton factors report that the country tro < cn » better , and accounts arc punctually paid . I he oou'eiy strike has not yet terminated ; but in thodistra west of Dudley , towards Brierloy-hill , the men at ratiin-kincr to their work aniduallv . At present iik . v most

    are ongnged getting the pits in order , and wil likoly commence drawing in a week . I no uw" » x men are , it is said , disposed to accept the redact on , conscious of the usolossness of further resistance . It is expected that they will go in next week . In Sheffield there are analogous symptoms o " provement , and employment is becoming iii < general . The accounts from America uy < - ^ * packet are encouraging .

    Hosiers Looki For 1106 The 1. Eap E.B.. ...

    Hosiers looki for 1106 THE 1 . EAP E . B .. [ A o . 447 , October 16 , 1 S 5 S .

    Iltonmastickb 1 Qljartkiu.Y Minting. —H'...

    IltONMASTICKB QlJARTKIU . Y MINTING . —H' « inCOt „ was hold at Wolvorhampton on Wednesday ; t » e ai * , mice of the trado whs aonrooly up to tho nvornKf . ll n regards tho buuinoHS transacted , it must ho Iotm '' "' ' t as having been a quiot quartor-day . V . me uf this may have boon attributable to tho clreuniM » ^ there being no Hpooulatlvo purchaser * <> i iron , » ' / ' : inclination on tho part of consumers not " , ! . Uch heavy contracts . Shippers of iron nro noliintuu >> Lho sumo disposition . Thoro arc no largo eo Hi . t u liiu sumo uioijuniuuii . i >™ u ••¦ w ¦— »• ¦ . | . AUK' - lies to tno

    ordorain ; and a similar remark app rlonn trade ., Tho tone of tho nasomb y was gi >» , «»¦ qonvlctlon very gonornlly prevailed that tl 10 liai l . j ,,,.. a bottor position than It wns ft ftw woi-hfl ngo . l , , soiling of good brands of United iron Una < ^™ ' , ' tho gront bulk- of tho firms have Biiffldont orde a > m ^ tho xnolta mid forgo * In full operation . J b , rathor improving In prioo . A good uinny sales I blnst iron took placo at from 2 s . ( Id . to W- ¦ !« - higher tlum would lmvo boon given a month ago .

• Citation
  • Leader (1850-1860), Oct. 16, 1858, page 26, in the Nineteenth-Century Serials Edition (2008; 2018) ncse-os.kdl.kcl.ac.uk/periodicals/l/issues/cld_16101858/page/26/