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Leader (1850-1860), 11th September 1858, Edition 1 of 2, Page 947, Untitled Article

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      Untitled Article

      week . The cloth woven may be taken at 1 , 240 , 0001 b . ; value 67 , 0001 per week . " Such is the magnitude of the cotton trade in the town of Blackburn , with its suburbs ; but , taking its Town Hall as the centre , and describing a circle with a radius of five miles , it will embrace the townships of Darwen , Accrington , Churchy Enfield , Great Harwopd , &c in which there are 522 , 000 self-acting mule spindles , and 28 , 000 throstle spindles ,-total 23 , 000 power-looms itt work in addition—making a grand total of upwards of 1 , 600 , 000 spindles and 00 , 000 power-looms in the Blackburn district , or one-eighteenth of the whole cotton spinning of the United Kingdom , and one-sixth of the whole power-loom weaving . " The total cotton consumed in this district per week is l , £ 3 O , 0001 b ., or 3050 bales , at a cost of 4 . 1 , 6251 .

      A good spring trade is also expected with the United States . . The silk trade reports from Manchester , Macclesfield , Coventry , and Spitalfields are again satisfactory . There is a brisk demand for goods of all kinds . In Birmingham and Wolverhampiton the tendency to improvement in the various branches of the iron , copper , and hardware trades noticed in our last , has been confirmed in the present week ; but there still is , and perhaps there will be for some time longer , some depres-The banks

      sion in particular branches . " , " says one of the most reliable reports , " are paying out more money on Saturdays to manufacturers for wages , there are few steady , clever workmen out of employ , and the reports on all hands are more favourable . " Tor Russia , heavy castings and heavy hardware are in great demand , and the last Indian , Brazilian , American , and Australian mails have brought considerable orders . The cutlery trades of Sheffield are brisker , and the improving tendency is becoming daily more confirmed . North and South Wales in

      The iron works in are - creasing their production . The Frood Works near Wrexhara are producing about 200 tons of pig per week . •' The Staffordshire potteries are fully employed . ] Sumerous foreign orders are on hand for ware of all descriptions . The Irish linen trade continues active and improving . At the county markets round Belfast more is doing on all hands . At Magherafelt and Moneymore stocks are small and prices rising . At Armagh last market day goods of all kinds were in brisk demand at the extreme rates previously obtained . At Lurgan diapers and damasks met a fair sale at full prices ; lawns were

      dearer . At Ballymena there was an average supply , which was sold off at the advance lately obtained . At Belfast the trade in hand-loom linens is good ; drills meet with ready sale ; prices are firm at a small advance , and stocks are small . Printing lawns and cambric handkerchiefs are in improved demand at steady prices : Light linens for bleachiug very brisk at higher rates , and goods , for dyeing and for hollands in good demand at the late advance . Stocks are quite exhausted . Heavy linens , a brisk sale at improved prices , and stocks very light . The reports are much the same as to power-loom linens . In this class of drills , a moderate business has been done at firm prices . In heavy linens the demand has increased , and rates are firm . Light linens , for bleaching are wanted , at prices j a favour of sellers , and stocks are low . Printing lawns

      and linen handkerchiefs are the same . Roughs steady , at previous rates , but stocks are exhausted . Unions Without alteration . There is a better demand for white linens , at advancing prices , and stocks are only moderate . In- fact , the home-trade is very healthy , while the Foreign is steadily improving . The discouraging accounts from abroad with respect to the yield and the quality of this season ' s flax crop has imparted much activity to the local flax markets , and the supplies of new are eagerly bought up at advancing rates . The quantity at all the country towns is rather increasing , and the quality is good . Spinners have advanced their prices lid . per bundle for line yarns , since our last , and there being still a brisk demand , large quantities have changed hands . Tow yarns have also been advanced IJd . per bundle . There is a good export demuud for this class of

      yarns . At Dundee , the price of flax has advanced since our last from 2 / . to 8 ? . per ton . There is a very brisk inquiry for it , and a good deal of business has been done at the advanced rates , while the tendency is still decidedly upwards . Tows and codillaa are also in increased demand , and full prices given for all descriptions . Jute is also in demand at improving prices . Higher prices are demanded by spinners for almost all kinds of yarn . In linens , however , there is no special improvement to bo noticed .

      " Yarn spun per week 1 , 300 , 0001 b ., but owing to finer counts of yarns being woven at Great Harwood and the neighbourhood , the average consumption Of yarn in weaving for the whole district will not be so great in proportion to the looms as in Blackburn alone , where a considerable amount of coarse yarns are used . The yarns consumed in weaving may be taken at 2 , 100 , 0001 b . per week , thus requiring 800 , 0001 b . of bought yarns from other quarters , at a cost of 3 G , 000 £ per week . Total cloth produced 2 , 170 , 0001 b ., of the value of 120 , 000 £ per week . Total steam power employed , 7200 horses . Fixed capital , 2 , 500 , 000 / . ; floating capital , 800 , 000 ? . The number of persons employed exclusively in spinning and weaving , within the mill walls , may be taken at 43 , 000 , earning 23 , 000 / . in wages per week . "

      At Leeds , the visit of her Majesty * combined with the Musical Festival and the holiday which consequently prevailed in the first two days of the week , entirely suspended business , ; but , both previously and subsequently , many transactions have taken place , and the staple trades of the ' town are . unquestionably healthy . Indeed , the deliveries direct from the manufacturers to the merchants are so large that the halls are kept bare of stocks . Blankets and heavy fabrics are in active demand ; and woollen cloths are taken off as fast as they can be produced .

      At Bradford , the rates for all descriptions of brighthaired wools continue firm , and against the buyer ; and there has been a fair demand for noils and shorts , but they are not so firmly held . Worsted yarn is exceedingly active , there being a brisk demand both-for home and " foreign markets . Spinners , indeed , find it difficult to fulfil their contracts within the time that the goods are generally wanted . Fine cotton , yarn has advanced 3 d , per pound , and as there is a great demand a further advance is more than probable . The business in pieces and manufactured goods is very active , but there are complaints of low profits . Stocks are light , and manufacturers are generally engaged in producing to order . Plaids of various descriptions are in increasing request for the approaching winter trade . Manufacturers generally are fully employed , though this has been what is called here " a broken week , " owing to the Queen ' s visit

      to Leeds . At Halifax the worsted and carpet trades are without material alteration . The former , however , is increasing in activity , there being a ready sale for most descr-ip- * tions of goods , both for home and foreign markets . Lastings sell well ; and sorge-de-berries are in demand . Orleans and similar fabrics for autumn and winter are passing off , and the makers are fully employed . Woollen yarn in demand , with an upward tendency in prices . Provided tfjfi raw material is not forced up by improper influences , of which there is no present appearance , but some apprehension , the position of producers will continue to improve .

      At Huddcrsfield , and indeed throughout the woollen districts of Yorkshire , the visit of her Majesty to Leeds rather interfered with business in the early part of the week ; but things have now fallen into the ordinary course , and largo dealings have taken place in all the better kinds of fabrics . Low-priced goods , including the coarser woollens , are least inquired for . Prices are firm both for goods and for wool . Theflannel trade , at , Rochdale has not been so anbmated this week , owing in a groat measure to the stiil ' prices required for wool , which keeps makers as much as possible out of the market in the lion © of easier prices .

      Still the mills here are well employed , and most of the orders are for homo use , the shipping trade being , as yet , very inactive . Whatever manufacturers may expect , the staplors have certainly no anticipation of wool going lowor . In Glasgow a very largo business has boon done in yarns and , cloth without any material ohango in prices , but they are very firm . Indeed , stocks of yarns aro well cleared . Spinnore aro deep in contracts , and there is cvory probability , if the demand continues , of higher P ^ , °° betPS , o a ^ fflft hed ^ i g-imn ^ li ^ rinnHnflrt ^ lrnr Weel « rCFuriSu 8 iWS 88 to only moderate , buyora not showing any spirit . J

      The Laco and Hosiery trades at Nottingham and Leicester aro moderately active at prlcos , that promise to ho remunerative , and tho general prospoote of all branches of production aro aa favourable as they well Cftft bo . Sh pping ordera for hosiery keep the manufacturers well ompbyod , and unable to accumulate etooke | ana ft good deal is doing for thonomo fall trade

      Untitled Article

      COMMERCIAL AND BANKING DELINQUENCIES . Tine Liverpool Chamber of Commerce submitted their half-yearly report to tho Chamber on Monday . The roport Btatod that— " Tho bill on tho subject of the bankruptcy law amendment , would bo introduced next sossion , and as it was found to cany out tho regulations of tho bankruptcy conference in October , it had received tho support of tho council . The council had also examined and petitioned in favour of tho Joint-Stock Banking Companies Bill , praying 1 , howovor , for more ample publication of accounts , especially with reference to tho character of the investments . Tho council had also adoptod measures in favour of tho Partnership

      Registraehange fraudulently obtained . The custom prevailing in Canada and elsewhere as to preferential assignments to creditors was under investigation by the commercial law committee . The council had been given tp understand that a scheme for the establishment of tribunals of commerce was in preparation by the Legislature . Atte . ntio . n- was drawn to the report of the committed of the House of Commons on the Bank Charter Acts . The subject of the government of India had occupied the attention of the council , and the act lately passed embraced , to a certain extent , some of the suggestions which they had made . A great deal of information had- been elicited by the council on the subject of the excise duty on the manufacture of paper , but the recent resolution of the House of Commons on

      this question had tended greatly to relieve them of their labours . A deputation from the Chamber to the Treasury and the Board of Excise had been sent on the question of the duty upon deficiency of spirits in transit , and they were assured that the subject would receive careful consideration . The Treasury had also been memorialised on the subject of obtaining statistics of the import , deliveries , and stocks of bonded goods , but no reply had as yet been received . The Council had also memorialised the Government , but without success , upon the subject of an improved postal communication with the West Coast of Africa . The Liverpool

      Improvement Bill had passed , and the Town Council were in treaty with Government for the erection of a new Post-office contiguous to the public offices . The subject of the electric telegraph communication with . Holyhead had also received attention . With respect to the differential rates of carriage for goods between Manchester and London and Manchester and Liverpool , the Council were happy to report that such alterations had been mad 0 as would to some extent remove the grievances to which Liverpool had hitherto been subject . At the wish of the Board of Trade the Council had obtained and forwarded information as to the average rates of daily wages paid to labourers in the district . "

      tion Bill , which ,, th puffjj , wjt , )) drqprii-iaa ^ fioaaion .-would To * T ^ ntrodiic ' od ^ Arrangomonts had also beon made to introduco the United Kingdom Writs Bill next session . Tho law relating to debtors residing in foroign countrios had also received careful consideration , and nn amplo rpport on this subject , pointing out tho peculiar privileges of cortaiu parties iu tho United Kingdom , had beorf prepared and issued to members . The roport aleo called attention to tho circular which had boon issued in February , explaining tho stato of the law as regarded private arrangements with creditors , touching bills of ox ,-

      Untitled Article

      RUSSIA . The Russian Captain Tchichajoff brought to Trieste the treaty concluded between Russia and China on the 1 st ( 13 th ) of June . The important conventio gj ^ jwhich is said to be in Russian , Chinese , aria Manchoo-Tarf ? r > is now on its way to St . Petersburg . When the Rt ^ so-Chinese treaty of the lGth ( 28 th > May is published , it will be found that the St . Petersburg Journal was t °° modest when it stated that the left bank of the Amo'S ? was to form the frontier of Russia . That part of-theright bank is to remain in the possession of Russia which , is between the confluence of the Shilka and the Argun , and the spot at which a river called Usuri falls into the latter . The Chinese are to enjoy the privilege of navigating the Lower Amoor , and the Russians will be at liberty to trade on the Songari . A glance at any good map of Asia will clearly show that the Russians will

      still be in very dangerous proximity to Pekin . It is worthy of remark that the Russian writer speaks of Nicholajeffsk , Martinak , and various other places lying on the right bank of the " Lower Amoor , as if they still formed part and parcel of the Russian empire . ¦ *? A railroad , " says the St . Petersburg correspondent , "is to be made along the coast from Nicholajeffsk to Castries Bay . " The acquisition of the Sardinian port of Villafranca by the Russians makes the shareholders of the Austrian Lloyd feel excessively nervous and unooinfortablc . It is said that the Russian company , which is to work with a capital of 80 , 000 , 000 roubles , will receive , a very large subsidy from the Government . It is currently reported that between 800 and 400 gun-boats are being constructed in the United States for the Russian Government . Their destination is understood to be the Black Sea .

      Untitled Article

      Russia in the Mediterranean . —Tho journals of Nice announce that an order has been given to clear put as quickly as possible all the warehouses which surround the dock at Villafranca . This fact favours the probability of a statement made some time ago , that tho dock was to be ceded to a Russian steam navigation company . Tho Odessa Steam Company will , it is said , bo placed in possession of it , and tho vessels of the Russian navy are to turn it to use as a port to touch at , and where they may also keep a supply of spare stores of all kinds .

      The Forced Currency in Austria . —Tho Vienna Gazette publishes tho imperial decree for the resumption of cash payments by tho National Bank , which we have already mentioned as boing about to take place . The exchange of notes for oash will bo made Buccesqfoplyv aooording ^ o ^ ho-din ^ TonTTCnVbttritg ^ ljoginning with tho smallest . It will not , however , bo until tho month of October nqxt yoar that tho present forced currency of bank-notes will have entirely ceased . Gold ( Australia ) . —In tho year 1857 , 48 , 815 oz . of gold ( valuo * 185 | 188 A ) woro exported from Now South Wales , and 2 , 729 , 055 oz . ( value 10 , 800 , 2000 from Vlotoria . Tho gross total quantity of gold exported from both colonies between May , 1851 , and Dcoenibcr , 1867 , la estimated at 17 , 028 , 418 oz ., valued at Q'i , 122 , 8 ( W ,

      Untitled Article

      3 Sa 442 , SEPTEMBEgjj- ^^ ggg ^ THE LliADEB . 947

  • Citation
    • Leader (1850-1860), Sept. 11, 1858, page 947, in the Nineteenth-Century Serials Edition (2008; 2018) ncse-os.kdl.kcl.ac.uk/periodicals/l/issues/vm2-ncseproduct2259/page/27/