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Leader (1850-1860), 28th August 1858, Edition 2 of 2, Page 26, WOOL MARKET CIRCULAR. Thk colonial wool ...

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      Jt8$ Tp Leader, [No. 440, August 28.1858...

      Jt 8 $ TP LEADER , [ No . 440 , August 28 . 1858 .

      General Trade Report. London, Friday Eve...

      GENERAL TRADE REPORT . London , Friday Evening . The accounts from all parts of the country during the week , bear uniform testimony to the general improvement of trade , both domestic and foreign , and to the torn which prices have taken in favour of producers and manufacturers . This is especially the case in the groat ^ staples whose principal seats are in Lancashire and Yorkshire . To some extent the advance is , unquestionably , attributable to higher terms being required for

      cotton and wool ; bat , mainly , it is due to dealers and merchants being /' out . of stock—a circumstance that { daces them in a great measure at the mercy of producers -who , being fa ll , or comparatively full , of orders for Jengthened periods , can exact pretty much their own terms . The intelligence of the settlement of the dispute with China has had considerable effect in producing this state of things , especially as the opening of new markets upon a large scale is extremely probable . It is also in some degree owing to an active demand for our manufactures from Bombay and Kurxachee , -which >» ill probably be followed by one equally extensive from Calcutta and Madras . At Liverpool

      cotton is still going up , as might be expected in the face of an increasing consumption ; but the character of the advices from the United States leads spinners and dealers to confine theii purchases as nearly as possible to existing wants , and to look with eagerness for the public opening of the Atlantic Telegraph in order that prices may be retained at something like their natural range , and be regulated more by the ordinary laws of demand and , supply than by speculative operations of jobbing capitalists . As to wool , the London sales terminated on Tuesday with an average advance - of 2 d . per lb . The whole quantity © Bared amounted to nearly 60 , 000 bales . Of this largo supply only 20 , 000 bales were taken for

      the Continent , "being a less proportion than usual , leaving nearly 60 , 000 which have gone into "home consumption . The whole that was offered haying been taken at advanced rates , and there being no speculation such as existed last year , are facts that prove the woollen mann £ acture to be in a sound healthy state ; and that , though manufacturers may complain of the smallness of their profits , there is good reason to expect a considerable period of prosperity . As to flax and linen manufactures , the scarcity of the raw material lias led to a considerable advance , which of course tells upon goods ; but hitherto it has not been iaiffiniftnfc . tb aireai . iins demand , nor aure maken able to accumulate stocks . If ,

      however , the rising terms required for the . raw material should check the consumption , which at present appears improbable , the cotton and woollen trades will feel the benefit of it , especially towards the close of the year . The iron and . hardware manufactures continue to improve slowly . The improvement , however , does not as yet appear to be equally diffused . Some houses are described as being busy , while others are idle . This is always the first stage in the process of reaction . Some districts axe earlier prepared with their , orders than others ; and as every house has its special connexions , the fact of some not being so busy as others only proves , not the inactivity of trade , but

      its progressive revival . The traffic receipts of the leading railways continue to bear evidence of the greater circulation of goods in all parts of the country , for they are again larger than they were in the previous week ; and a further confirmation , with regard to exports , appears from the Board of Trade returns for the month of July issued yesterday . For invtaace , in Jane the declared value of the exports amounted to 10 , 241 , 483 ? ., but in July it reached 10 , 898 , 9971 ., showing an increase of 752 , 564 / . A glance over the items will show that this increase has risen not so muchifeom larger exports of any particular articles , as from a general improvement in that respect

      aft proportion to the magnitude of the trade in each . The money market during the week has been very easy . The range for discounts of the highest class paper has '**» frw » . 8 Jr * o 2 $ , while the supplies are exceedingly iaapM . ttitts from the manufacturing dutricfce have men man general , vaA they are sought for by the dis-2 ? S * wqwiBe ®* y «» e regarded as founded upon " % ^ Sr # *?» ••«** «» peoula . tive transactions . me Manchester market has to a great extent been influenced , both ptv Tmaday end again yesterday , by the mtelllgwwe ^ -pew . iM ^ tog ^^ ^ J ^ tth fa £ ^ l ™* *™**™ - ****™* « f this country . The extension of the vset markets of

      thatcountry is a most taportant event for ootton manufacture * , and . pinners : VA it has imparted groat cheerfulness to the operations of the week . But independently of this » v » at , mrentoody pfivoelves that the whole of the manufacturing d & toicts of Lancashire and of Yorkshire also , are making way In the r ight direction ; for , gradually but eurely , , uull « ajtftos of reviving frame trade and off a more gmsntl WMlgn demand are showing themselves , and strengthening the hands of pooducers . In the earjy part of last week tW » was some degree of hesitation on the part of »» y ««* top » y the adwmced prio « 9 required by Bpinnere na ntaauftictuiwa ; but last Friday , again on Tuesday .

      and again to-day , there has been an obvious and even a marked willingness to accede to the terms required . Home consumers have found that they could make no impression by bidding less ; and continental buyers , having discovered the strong position held by sellers , have been endeavouring to place their orders . Sellers , however , have been less and less disposed to contract on previous terms . The result has been- an advance all round . In yarns for export spinners are now requiring id . to ^ d . per lb . more ; and thoy have been generally

      successful in obtaining it . The Germans have been the principal buyers ; but a good deal has also been done for India and China . The makers of goods for China have , as might be expected under all the circumstances , been stimulated to demand higher prices . They have raised plain shirtings from 3 d . to 4 * d . per piece . But even this advance has uot satisfied many manufacturers . Their extreme requirements have , consequently , restricted operations . In all other goods the tendency of prices , under a steady and growing demand , is in favour of sellers , and against the buyer .

      The Leeds woollen trade shows no new features this week . It continues steady , and a fair amount of business has been done in most of the warehouses , particularly for the home trade . The attendance of buyers in the cloth halls has beenmoderately good . The inquiry has principally run upon heavy goods , suitable for the approaching autumn and winter , and for novelties that appear to possess recommendations either from their pattern or their texture . The clothiers throughout the district are fully occupied ; and the dressing ,-dyeing , and finishing branches are actively employed . The anticipated visit of her Majesty " has also imparted some activity to the building trade and the branches connected with it . . ¦ ¦'¦ ¦

      At Huddersfield there has been an average attendance of buyers , and considerable activity has prevailed in some branches , particularly in mixture unions and Bedford and woollen , cords . Large quantities of these goods were sold at both markets this Veek at fair prices ; and the manufacturers have still orders on hand . The practice of ordering goods to pattern direct from the manufecturer a season in advance is now very extensively adopted in the Huddersfield , as well as other markets . Hence , large quantities of goods made in the district are delivered direct from the mills , and do not

      at long dates , partly because they are alreadv ««> andp .,, ! , tous . % w * Jl . ' tSSlSSA The China news hns had , no effect upon the silkf . a at present , either in Manchester , Coventry MaS £ 5 ?? Spitalfields or elsewhere . It has been ^ iT an ^' has the value of the raw material . There i '« T demand'for all the goods that are made . The sK manufacture at Paisley is very active . ha wl Nottingham and Leicester hosiery , lacc , and CW trades have been tnoro active than they were last nSi some good orders having been received from Gwm and the United States . > he home trade bexSffi ? and the prospects both for autumn and winr- / „* generally considered to be very cheering . Mwf turers are keeping down stoclcs ; they aro produS for immediate requirements ; and they are certainly doinn I safe business . J uu » "fc > a

      Trade at Birmingham is described as slowly improv ing . A good many manufacturers have been fallv em ployed ; but others have been slack . Orders aro comine m more freely from the agricultural districts , and ako from Lancashire and Yorkshire . The Foreign trade is gradually improving . The iron trade is also better but it is unequal , for while some establishments are not work ing more than half-time , others have six weeks' orders on hand . For charcoal iron of the best quality there is a good demand , and more inquiry is obvious for sheets and plates . The accounts from Sheffield are pretty much to thesame effect ; but on the whole they are more cheerful than from Birmingham . The Scotch and Welsh iron trades are gradually mending . - '

      The Pottery trades of Staffordshire , which felt severely the late collapse , are also improving . Though much less active than they were this time last year , the make of goods , both for home and abroad , is about equal to that of the corresponding period in . 1856 . ' ; The linen trade of Belfast and the neighbourhood continues to feel the effects of iacreased activity in the home demand for goods , -while for most descriptions tlie foreign markets , particularly those of New York , Havannah , and Mexico , are rapidly reviving . W"ith regard

      to hand-loom linens , the reports are uniformly * good . The stock of drills is decreasing , and prices are a pdiat or two higher . In diapers but little has been doing , but prices are firm . The demand for printing lawns is still improving , but stocks are being reduced and prices are firmer . Cambric and linen handkerchiefs sell rapidly . Light linens for printing have been sold to a considerable extent at the late advance , and stocks are far from accumulatinc :. For eoods for dyeing and for hollaiuls the demand continues active at firm rates , and the stocks are moderate . For heavv linelis there has been a brisk

      appear at all under the head of market sales . For the country trade the demand for nearly all kinds of goods is limited ; and the houses exclusively engaged in this branch are not doing so much as they usually do at this season of the year . The low goods trade has improved considerably during the last few weeks ; and unious in smart ngnt rnixturoo ana « u . o-riot 9 Mil well at from lOd . to 2 s . 6 d . per yard . A demand for ladies ' cloakings has again set in , and further extensive orders are anticipated . The black and plain mixture doeskin and superfine trades are somewhat quieter . The latter indeed are dull for the season . Trade in some of the

      demand at the advance asked by the manufacturers of £ d . to Id . per yard . This advance , however , has rather checked sales ; but stocks are limited and the makers firm . Power-loom linens have been sold largely during the week at the late advance , and drills have been in considerable request . With regard to white liuens , the home . trade , which was rather dull last week , is healthy , and steadily improving . The export demand is Rood , and prices very firm . In many coses they are higher . From the country places round about the accounts of the improvement of trade are equally cheering , in Armagh , on the last market-day , the market was cleared of

      warehouses has been quiet , and the parcels sold have been small ; but prices have been maintained . At Halifax improvement continues to be manifested in all descriptions of local business ; and the prospects are universally- admitted to be far better than they have been at any time since the late commercial collapse ; In wool we have to repeat our late reports of increased demand and higher prices , particularly in . the fine bright sorts . Yarns have advanced , and the spinners have remunerative orders in hand . A heavier class of goods , suitable for the more advanced season of the year , are now in demand , and are being extensively made . The carpet trade generally is brisk , the orders being good both from home and abroad .

      rough brown linens and of goods for dyeing purposed , at full prices ; but there was rather less doing in other articles . In Lnrgan the supply of goods was small . Bird-eye diapers wero in good demand , but lawns and damasks dull . In Mogherufelt and Moneypore stocks are small and prices higher ; and in Bullymenn , on Saturday , coarse goods sold freely at an udvance of £ rt . to f d . per yard , and fine goods at an advance of from Id . to l ^ d . per yard . The advance in prices here noted has imparted firmness to the yarn-market , and there is a good active demand . The supplies of new flax are coming in , and they aro selling freely at advanced

      The worsted trade at Bradford , has been rather quiet ; but there is still a fair amount of business doing . As to wools , bright-haired sorts have been in good demand at improving prices . Other qualities besides these lustres , especially Southdowns , have been inquired for ; but with fewer indications of any improvement in rates . Noils and short wools have throughout commanded a ready sale at buoyant prices . An increasing demand for yarns has been maintained firmly ; both home and export ouses have been giving out orders freely , at the prices

      prices . From Dundee the letters describe considerable movement in the flax and linen trades , consequent upon a marked advance in the raw material . For some qualities of flax an advance of fully SI . per ton has been established . The demand is still unsatisfied . The better descriptions of flax are still being run upon ; but medium and lower sorts have participated in the improvement . Fine tows have also been in demand at better prices ; mediums and the lower kinds of Codillaa in demand . Jute in steady request . Owing to this general tendency yarns aro advancing , especially the flax kinds . Tow yarns aro also held with great firmness ; and sp hmors are requiring some advance .

      asked by the spinners . The increased business , therefore , is uniform , and comparatively little machinery is standing . Cotton warps of all qualities remain firm in both demand and price . At both markets this week there has been a fair attendance of buyers of goods , both for domestic uee and for foreign export ; and stocks being low , there has been nearly a general clearing out , while orders have been rather plentifully received , generally at batter prices . Few looms , consequently , aro idle , and the population is well employed .

      At Rochdale the buyers of flannels have been pretty numerous ; and there is an obvious disposition on the part of merchants to operate somewhat freely . Most of the manufacturers , consequently , are well employed on orders—certainly as fully as they can well venture to go with the present upward tendoncy of wool . There ia taeteforo > a constant struggle between buyer and seller ^ hwther prices shall be advanced in some degree commensurate with th « incieased value put upon tho raw »«<« i * l ; and in most coses buyers are compelled to Jrt * la to the manufacturer . There is no want of employment « m « mg the operative classes . Indeed , some manuacturera have positively refuaed large orders for delivery

      Wool Market Circular. Thk Colonial Wool ...

      WOOL MARKET CIRCULAR . Thk colonial wool salos closed on Tuesday evening . The attendance of buyers , both English and foreign ^ has been good from the commencement to the close . 1 rices have advanced duriug tho sales Id . to 2 ( 1 . per Id . About 15 per cent of tiie wool sold lias been taken for foreign account , tho French and Belgians taking t » e great bulk . Very littlo was bought for Germany , . Nearly 80 , 000 bales have been sold . The market is described as in a very healthy state , and priceB aro very firm .

  • Citation
    • Leader (1850-1860), Aug. 28, 1858, page 26, in the Nineteenth-Century Serials Edition (2008; 2018) ncse-os.kdl.kcl.ac.uk/periodicals/l/issues/cld_28081858/page/26/