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Leader (1850-1860), 4th September 1858, Edition 1 of 2, Page 914

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      Untitled Article

      last year , and disturbances in other trans-marine states prevent the development of commerce . The accounts from Russia report satisfactorily about the Nischn ^ and other fairs , and a-better demand for yams , particularly ^ ater twist , is at last felt for that quarter of the globe . The -German manufacturers purchase only for urgent wants iust now ; the harvest in many districts having suffered through longrcontinued drought , commerce is not so active as it would otherwise be . " The other circular is from Messrs . Eraser , Son , and Co ., of which we will only quote the following satisfactory passage : —

      ' * ' There has teen a general improvement throughout our market since our last , affecting favourably the whole of our staples , almost without exception , and giving further proof of the extent to which the great cotton trade of the country has emerged from the disastrous effects of the late crisis , but which still weighs so heavily tm some other commercial and mercantile interestsi Here business bias once more resumed its wonted steadiness and universality , as regards the whole of our staple productions , whether yarns Or goods , being within the influence of the augmented demand ^ and there is a general cheerfulness of tone exhibited about all transactions . The trade , which for some years past has been suffering greatlyeven in the face of extraordinary

      , prices and most extensive demand , from the small margin existing betwixt the price of the raw material and the manufactured article , are once more apparently returning to something like old times of profitable business . Since we called attention , two months ago , to tins tendency to relative improvement in the position of the spinning and manufacturing interest , it has gone on week by week developing itself more markedly ; for , with a large business constantly doing in our market , yarns have advanced £ d . to id . per lb ,, and many descriptions of goods as much as Id . per lb ., whereas the additional cost of the cotton purchased in Liverpool has

      season . There have been a few strikes of factory workers on the subject of wages , and spinners have generally agreed to give some advance in those cases . There is more business doing in goods . Lastings and Orleans especially are in request , and the manufacturers are well- employed in producing to order . . From Halifax , the accounts are similar .. There continues a great call for long wools , especially of the bright-haired class , which maintain the recent advanced price with the utmost degree of firmness ; other kinds experience an average demand ,. but d 6 not exhibit as much buoyancy as the former . There is great activity in the worsted trade , with an upward tendency in rates both for yarns and piece-goods .

      and advancing . In Largan bird ' s-eye diapers are in good demand ; but at the last market there was less inquiry for lawns and damasks . In Ballymena the supply of goods is moderate , but the demand was active , though the advanced prices required by manufacturers have rather interrupted business . At Belfast a moderate business has beeri done in haudloom drills , diapers , lawns , cambrics , and handkerchiefs , stocks being low , and coarse articles are held for higher prices . In four-quarter light and heavy linens stocks are very moderate , and the late advance is well maintained . In power-loom linens , such as drills , heavy and light goods for bleaching , there has been a considerable amount of business done at very firm rates . Roughs have been more active , and

      stocks are nearly cleared out . Unions met little attention . In lawns , cambrics , and handkerchiefs there is no alteration . Stocks decreasing . The late advance is well maintained for hollands and goods for dyeing . Stocks small . Heavy linens firm at the advance noted last week . As to white linens little has been done this week , either for the home or export trade ; but a healthy tone continues , and prices tend upwards . The supply of new flax is now becoming important at the country markets ; prices have opened at considerably higher rates than at the corresponding period of last year ; the quality promises to be satisfactory . At Cootehill and Ballybay about 31 tons appeared last week , which met a brisk sale at 7 s . Gd . to 8 s . 3 d . for hand and

      9 s . to lls . 9 d . for mill scutched per stone of 16 j lb . At Armagh there were about 9 tons , and in Tandragee 2 tons , which brought similar rates . The Strabanc market has not yet faii'ly opened , but about 10 tons have already been offered , which sold briskly as sample lots at 60 s . to 75 s . per 1241 b . Some old of medium quality brought 60 s . to 65 s . per 1241 b . In Coleraine , on the 28 th , about 4 tons appeared , of very good quality , and prices ranged from 60 s . to 67 s . 6 d . per 124 lb . In Cookstown on Saturday 30 to 40 tons appeared , which were bought up briskly at an advance of GJ . per stone , prices varying from 8 s . to lls . Gd . ' , per stone of l « ilb . In foreign flax little passing , owing to smallness of stocks . .

      From Leicester the accounts show progressive improvement . The demand is general , and goods now must be made to order , there being no stocks on hand to fall back upon , besides the hands in the rural districts having been fully employed in harvest operations . Worsted yarns have an upward tendency , and the spinners are fully employed . There is a good business doing in wools , prices being in favour of the seller . At Nottingham there has been less activity this week in the lace trade , as the foreign orders are almost now out ; but more is doing for the home trade , and the prospects generally are favourable . There is a good foreign demand for hosiery ; and the manufacturers are partially occupied in making goods for the winter trade . Stocks of all kinds are light .

      The reports from Birmingham , Wolverhamptori , and Sheffield are all better , though the progress of improvement is slow , and in some branches it has not . yet commenced . At Birmingham the American houses are doing more , while the demand for India and the Coiir tinent is increasing . The demand for manufactured iron of the best kinds is also better * and there is no appearance of speculation . Indeed , the prevailing opinion of the ironmasters is , that the worst is over , and that

      the prospects are promising . The accounts from \\ olverhampton are exactly . to the same effect , also from Walsall , Dudley , and all the busy towns of the district . From Sheffield the story is much the same . The demand for inferior cutlery which prevailed some weeks ago has slackened * while the inquiry for the better class of goods has increased . Rolling mills are well employed ; arid here , as in Birmingham and Wolverhampton , it is the general opinion that the worst has passed , and that the aspects of the future are good and

      cheering . The iron-works in North and South Wales are increasing their productions , founded upon considerable orders . The silk trade continues to improve . At Macclesfield , wliere the depression during the late crisis was perhaps more severely felt : than elsewhere , emp loyment is general ; and from a vast number" of operatives receiving parochial relief , the number , at the last meeting of the Board of Guardians , had dwindled to three . At Middleton , near Manchester , and at Manchester itself , there is much

      activity ; while the looms are busy in Coventry and Spitalfields . The China , news have given an impetus to the trade ; and agents from some of the great merchants are not unlikely to be despatched there with a view to increase the supplies . Meanwhile tbe letters by the mail just arrived state that the old season had closed with a total export of about 65 , 000 bales , showing a deficiency of 25 , 000 bales compared with last season . The settlements of new silk were only 400 bales against 13 , 000 bales at the same period last year . The quantity of China silk now afloat is very email , only about 2000 bales including the import by the present steamer . business

      Glasgow letters describe a good as having been done in cotton during the present week , and considerable sales of goods at better prices ; indeed , in goods and yarn there has been great activity . The home-trade have taken large quantities , while the accounts from foreign markets , are regarded as most cheering . Of yarns the . sales have been unprecedentedly , large , and , spinners , as in Manchester , have advanced their prices . Judging from present appearances , the bountiful harvest , tho cheapness of money , and the moderate price of the raw material , wo may confidently expect a moro prosperous time for tho manufacturing interests of this city than they have had for some years . There has boon loss activity in tho pig-iron market during this week ; foreign orders seem to bo nearly completed , and an inoroasod

      disposition has boon manifested to soil , in consequence of which prices have gradually given way for mixed numbers warrants . No . X g . m . b . 54 s . 3 d ., No . 3 54 s . Gartshorrie No . 1 59 a . Exporta go on favourably , as contrasted with tho same period last season . ™^ tJOwQd , Qa , tJil 3 « w ^ oli » thfiC ) oJm ^ efln ^» gftoaUlo m autU for yarns ; and higher prices havo boon again required both for flax and tow kinds . As to linens , the market is rather dull . Max has boon in very extensive inquiry , and prices of all kinds continue to havo an upward tendency , and the aoeounts from foreign markets are such as preclude all expectation of any immediate reaction . Fine tows aro also in dona and , and bring full rates ; common tows and codlllus aro also held with great firmnose ,. Jute moves off freely at a higher range of prices . The Irish linen markots aro all satisfactory . At Armagh tbe supply of brown linens la small . Lawns flrra

      not reached more than a Jd . per lb . in any kind , and probably not more than £ d . per lb . in most descriptions . Then also there has been a hopeful spirit about buyers , for the accounts have been gradually improving from many foreign markets , and have come most unexpectedly good from India , considering the extensive supplies sent forward . The home trade also continues very large , and altogether satisfactory , for it embraces all the great elements of steady extension and soundness , cheap money and cheap food on the ! one hand , with-full employment and high wages on the other . Probably within the period of history the operative classes have never been in & more favoured position than at the

      present tune . " . ' .... At Leeds the attendance of buyers in the early part of the Week , is described as having hqoa of tJUo JU-jst class , who purchased extensively in most of the warehouses , and a good business was done . Subsequently , however , the weather was rather wet and gloomy , a state of things unfavourable for the examination of woollen cloths , and it consequently interfered with the attendance . But after making every allowance for this contingency , the clothiers frankly admit that they have no cause for dissatisfaction , inasmuch as their transactions

      are fairly numerous and advantageous * Sates are without change , and promise to remain so for the presenti The reports from the woollen districts continue to be satisfactory ; clothiers have a fair number of orders on hand , and the operatives are fully employed . The flax trade of Leeds is also in a satisfactory position , and the other staples of the town , what ' with the orders now being worked out , and the preparations for the Exhibition of Local Industry which opens this day in the Coloured Cloth-hall , are also pretty actively engaged . An exception may be made in respect of the machine and tool trades , iwbioh are at present only indifferently

      ^ employed . At Huddejrsfield the unfavourable state of the weather has ^ prejudiced the transactions of the week , Several ¦ b uyers > from-rwholesale- London and-Jriah houses Jhave been in attendance , but their purchases have been very cautiously selected , and have not much influenced the -state of-tho market generally . The . shipping demand for low-priced woollens and unions continues dull and languid for the season , and stocks of these goods on hand , more especially of steel mixture doeskins and

      prnnelles , . aro on the increase . Tho demand for sixquarter mixture . qloakings continues good , however , as ( also for various descriptions of fancy coatings in heavy ( fabrics for the winter -trade , now extensively manufactured in this district . The Bedford and -woollen cord trade continues to revive , and manufacturers . are now again in full employ . Black doeskins , in piooe and —iwool » dye 9 r ftnd ^ at . alU . pricee r lfwwellwnjade » 'and--. smartly finished , sell steadily ; and immense quantities pass -weekly through ithis market , or are delivered to order direct from the jnanafaotocies in the district . At Bradford ( bri ght-haired wools are still very firm , in price , and an -upward , tendency Is apparent . Jn other < £ iinds there is no relaxation in the late stiff rates . Noils and , < brokes remain as last aroportod . For worsted yams the 'demand continues nqtivo , and prices are firmer than lastsw « ek , One , cause of the present anxiety on tho jmrtof-merchants to place orders ofor yams for export is their desire to got the orders executed , particularly those on Russian account , before the close of the shipping

      Untitled Article

      REVIEW OF THE WEEK . Mincing Lane , Friday Evening . Trade in these departments , although not to be calleil active , is steadily progressive . Whilst operations are still conducted with undiminished caution , increasing confidence is perceptible in nearly every direction . The result is a continued absence of those fluctuations in jb Jt ^ J ^ 4 ' ^^ " ^ F v ^ F ^ v ^^ r ^ k ^ h ¦¦ ¦ . ™™ M ^^ ^ rw ¦ ¦ . v *^ v ^ r ™ ^ ^» *^^ - ^ ^ ^» ~*^ m ^» —^ ~^ »¦ —» ™ ™ ^ v ^ ™ ™ v v ^ ^ ^» ^ » —^ ^ ^ p—

      ^^ current values that are nt all times harassing to the legitimate trader . Throughout the markets supplies are freely brought forward where a demand exists , . and almost immediately withheld when it is satisfied . Speculative movements , either for a rise or fall , are by that means kept to a great extent in abeyance , and any material oscillation in prices is prevented . Meantime a slow but continuous expansion is observable in transactions arising out of actual requirements for consumption and export . West Indies . —The week ' s business amounts to 4096 hds ., including tho public sales , in , which Uarbadocs sold at 37 s . to 39 s . 6 d , for low to middling , and 40 s , to 46 s . for middling to fine grocory ; St . Lucia , at 37 s . Oil . to 40 s . for brown , and 39 s . Oil . to 42 s . 6 d . for gvoy and yellow ; Jamaica , brown , 38 s , to 40 s . ; yellow and grey , 39 s . Cd . to 44 s . ; crystalline B 6 rbi ' co , 43 s . 6 d . to 493 . ' 6 < l ; per cwt . ' MauiutiUs . —Tho public sales havo offered l ^ . ^ . JC , tho greater part of which found buyors , low blnek , at 38 s . to 84 s . ; low to good brown , 34 s . 6 d . to 40 a . ; low to midding yellow , l'Os . to 13 s . Od . ; grainy , 48 a . ( JJ . to 49 s . per owt .

      Benoai * . —7-102 bgs . in auction mot an active competition , and wove freely taken off at fully Gd . ailvamo ; dry brown refining Dmnma date 83 s . Oil . to U 7 s . iM . ; a small proportion white Benares at 40 s . to 47 s . A fuw lota Cosbiporo wore held at 50 s . per cwt . Maokas . —100 bgs . middling grocery sold nt -1 U ( o 41 s . Od . per cwt . - ^ OJ 4 i ^ ANu , f « 04-Oi-bgs . ^ oftLiaod-04 e . ^ Cd . ^ to ^ 0 ^ a , JuiuiuiJ » - Tm to flno brown , and 40 s . to 44 s . Od . for low . to good yollow . FottKiciN . —But modoi-ato supplies havo boon brought to salo , and these not in all Inutnncos been veullsoil . The , prinoipnl transactions , private as wall n « public , havo comprlsc'd 5000 bg $ . unolayod Manilla at liOrs . JM . ; 908 bkts . Javn , 43 b . Od . to 40 s . Od . ; 1000 lulu . Cubn muscovadoos , partly nt 80 s . Od . to 449 . 0 d . for l « . w to good yellow ; 500 hds . 100 brla . Porto Rico , low to Hno grooory at 80 s . to 47 s . j 1500 bxs . Havannnb , No . 11 » at 44 s . 0 d ., and florotts nt 50 s . ; 200 tons bootroot , No * P ; at 20 s ., for ftu outport .

      Untitled Article

      — THE LEADED , []^ o . 44 , 1 , September 4 , 1858 .

      Untitled Article

      COLONIAL AND FOREIGN PRODUCE MARKETS .

  • Citation
    • Leader (1850-1860), Sept. 4, 1858, page 914, in the Nineteenth-Century Serials Edition (2008; 2018) ncse-os.kdl.kcl.ac.uk/periodicals/l/issues/vm2-ncseproduct2258/page/26/