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Leader (1850-1860), 23rd October 1858, Edition 1 of 2, Page 1138

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      Untitled Article

      and prices are folly maintained . The clothiers m the district continue busy , and the other branches of trade are correspondingly benefited . Stocks do not accumulate to any extent . The other branches of business are also pretty active , the tool and iron trade beginning to recover a little , although , the locomotive trade isstill dull . - The yarn spinners of Halifax and the neighbourhood have been supplied this -week and last with rather extensive orders from the home trade ; but export transactions have been more limited . They have , too , obtained a slight advantage over the staplers in a slight reduction in the price of long wools , particularly in Lincoln fleeces , which cannot be moved without some concession . Many of the staplers , however , remain very firm .

      At Huddersfield during the week there has been a full average attendance © f London and country buyers , though business has not been so active as it was a month or two ago . Wool-blaek doeskins , at and under 4 s . per yard , are very scarce , and piece dyes about the same quality , are selling steadily . L , ow brown and grey union cloakings , under Is . 2 d . per yard , still sell readily , and few are now in the market . With this exception , however , the low goods trade continues very quiet , and there does not seem to be any near prospect of a revival in the shipping trade , upon which . it chiefly depends . Unusual caution is now being exercised by buyers from wholesale houses , and others , in the selection of their purchases : these being for the most part limited to

      Stocks of roughs are small ^ and for some favourite marks buyers have contracted for November production at a further advance of J per yard . Unions without alteration . Except in a few cases where large purchases were lately made , in anticipation of the late advance in price , stocks with bleachers and merchants are very small . The trade generally continues healthy , and goods are firmly held for full rates , as they cannot now be produced , even at the present advanced prices . Advices from New York are better . They report that , with a very small importation , a larger amount of goods is withdrawn from bond for sale than for a great length of time . Very small stocks of linen goods are shown , and the demand is improving . In yarns there is no change either as regards the home or the export trade .

      The linen trade of Dundee is quiet , with firm prices . The price of flax is unaltered , though several foreign arrivals have taken place during the weeki The silk trades of Macclesfield , Coventry , Manchester , Gongleton , and elsewhere , remain pretty good . The periodical public sales took place yesterday . The quantity brought forward was about 2500 bales Bengal silk , and 5000 bales China silkchiefly old silk . As usual the whole was passed rapidly without biddings , but some fair business has been doing by private contract—the prices of these old silks being still far behind those paid for the usual importations of this season ' s silk . The Staffordshire Potteries are fully employed . The colonial demand for ware keeps up with great regularity .

      The reports from Birmingham and the surrounding districts are , this week , generally favourable though in particular branches there is still a con siderable degree of depression . But the general tone is one of increasing ease and confidence . Orders are perhaps not actually accumulating , but there are sufficient to keep the manufacturers well employed and even to extend their production . The domestic trade is extending , particularly in respect to orders from the agricultural districts , and accounts are being well got in . Americairbuyers have been visitr ing the warehouses , and Weekly steamers bring increasing orders . The trade therefore with the United States is improving * Some of the branches

      connected with Australia are dull , owing to the advices this week having discouraged exports ; still there is a fair amount of production going on for these markets . The South Staffordshire iron trade is unquestionably improving . The principal orders are for immediate consumption—a fact which indicates that stocks are generally low , and that a considerable period must elapse before there can be any accumulation . In best hot-blast pigs the consumption is more than equal to the supply ; still , up to this week , no additions had been made to the number of furnaces in blast . This , apparently , is an anomaly . It is , however , a real advantage , for it may be accepted as an unquestionable proof that the trade is

      sound , and that there is no disposition to rush into that speculative production which increased the number of furnaces far beyond bond Jide requirements . This description applies in all respects to Wolverhamptbn and the districts surrounding that town . The accounts from Sheffield uniformly testify to a marked improvement in the demand for cutlery , particularly for the American market , and also for general steel goods . Silver-plated articles are also in good demand- —a circumstance which may be taken to indicate that the country generally , and especially the middle and upper sections of the operative classes , feel themselves justified by their circumstances in indulging in the purchase of articles of simple luxury .

      the extent of orders in hand . Business in the warehouses during the week has been very quiet , and stocks of goods in the merchants' hands are upon the increase , in spite of their caution in making additions to them . The fancy coating trade continues very brisk , and large quantities of this class of goods are being regularly delivered to order from the various manufactories in tlie district . Silk mixtures are being again asked for , as also plain crapes and venetions . The local wool trade continues quiet , with small parcels generally selling . Stocks in the staplers'hands are not larger than usual for the season . Manufacturers , ' with some few exceptions amongst the larger houses , are not keeping . stocks of woolon hand just now .

      The Bradford letters describe firm prices for wools , and a demand for nearly all descriptions . Noils and brbkes continue in request , and stocks are not accumulating . As far as respects worsted yarns , the inquiry is less active , except from the home trade , and the spinners have assented to a trifling concession in prices . This is attributed to certain heavy contracts for the Russian market having run out . A renewal , however , is expected . In cotton yarns the business has been limited , manufacturers

      working out the stocks they purchased some time ago , and holding back from further purchases in the hope of the spinners making some concession . At present there is not much prospect of this , the cha-r racter of this market not being regulated exactly by that of Manchester . A good business has been done in prices without much bustle . The markets , indeed , may be best described as quiet and sound , with a fair business in winter goods , and also for spring descriptions in cases where the manufacturers have accepted the prices offered .

      The woolstaplers who attend the Rochdale markets have not , this week , been at all anxious to press transactions ; consequently -we have no change to report . They are waiting for the result of the London sales the first week in November , when they expect there will be a > furtlier advance in prices . Cases , however , have occurred in which lower terms have been conceded . They were , we are informed , special and exceptional . The flannel manufacturers are fully employed , and have orders on hand to keep their looms active up to Christmas . Mixed goods are in moderate demand . Linseys and heavy goods have gone off less briskly , probably in consequence of the weather having been warm ; but if we have anything Hke a severe winter there will be important inquiries for these articles .

      The linen trade of Belfast remains good , but without further improvement . In baudloom descriptions , drills and diapers ore without change , but stocks are small and prices firm . Printing lawns in fair request at lit © xatea . Cambiic handkerchiefs unaltered . Light linens for bleaching : —Owing to the continual firmness of manufacturers , whose stocks are small , but a trifling business has been done . Considerable inquiry exists at prices slightly below

      present lists . Goods for dyeing and for hoUandu in fair demand at full prices . Heavy linens continue dull owing to the firmness of manufacturers . Stocks small . Povrerloora drills ore very firm ; some qualities are oversold . Heavy lln « ns in moderate demand at late rates ; stocks v « ry small , and in some cases manufacturers havo considerable orders before them . For light linens for bleaching , the de . ornnd continues limited , owing to thokadvance already noted ; holders iirxn , and stoo s light . Printing lawns and cambric handkerchiefs unaltered .

      Untitled Article

      . Mail Steabi Packet Lines . —The ' xnnil subsidy received by the Peninsular and Oriental Company is 244 , 200 l . a year . It is expected that tho sum which the company will receive for carrying tho Australian mails will augment their subsidy to something like 480 , 000 ? . a year . Hitherto the Royal Mail Company have had the honour of being the largest receivers of mail subsidy , they having for some years boon getting 270 , 000 ? . a year . The distance of the mail route between Southampton and Buenos Ayros is ( Sill , miles . There are six stoppages on that lino , the time allo \ % ed is 87 days , and tho average speed at whioh the mall is

      conveyed is 7 ± miles on hour . Tho distance between Tumpico and Southampton is 6668 miles , tho stoppages are throe , tho time allowed 27 days , and tho average speed 8 £ miles an hour . The distance between Hong-Kong and Southampton is 0024 miles , tho stoppages eight , tho time allowed &X days , and the average speed 7 fc miles nn hour . The distance between Now York and Liverpool is 8000 miles , thero are no stoppages , the time allowed is 14 days , and the avorago speed 14 miles An hour . According to the now Australian contract tho distance between Southampton and Sydney is 12 , 678 miles , tho stoppages are 0 , tho time allowed 65 days , , an 4 tho average speed 92 miles an hour .

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      REVIEW OF THE "WEEK . Mincing Lane , Friday Evening Trade progresses slowly , but steadily . An occasional activity is observable in some of the leading markets but it is not of long duration , and the prevailing feature is rather a want of animation . There is , however , no want of stability . As a general rule , current values are free from fluctuations of any moment , and in many cases have an upward bias . Where any declension does take place , it is usually slight , and in no way partakes of the character of absolute depression . The advices from producing countries confirm the previous anticipations of an average yield of most of the primary articles . Corn . —The supplies of English grain at JMark-Lme this week have been short , and factors have demanded Is . per qr . advance , which they obtained on all choice samples ; prime new white bringing 60 s . ; choice okL , 52 s . ; select red , 46 s . to 4 Ss . ; fair , 4-is . to 45 s .: and common , 41 s . to 42 s . per qr . Foreign wheat , of which the imports have been moderate , was firmly held , some demanding from Is . to 2 s . advance , but on these terms it was difficult to get on . The current rates were 55 s . to 56 s . for choice Dantzic ; mixed , 52 s . to 60 s . ; Urabant Louvain ' white , 45 s . to 50 s . ; French red , 4 Is . to 45 s . ; St . Petersburg , 40 s . to 42 s * ; common Russian , 36 s . to 38 s . per qr . In flour very little change has occurred , but the bias of the markets has been in the sellers favour . The top price of Town is still 43 s . ; Tomes households , 35 s . ; No . Twos , 32 s .. to 33 s . ; Country , 33 s . to 34 s . ; Norfolks , 31 s . to 32 s .: French , " , os . to 38 s . ; American , 25 s . to 26 g . for best brands , and ils . to 24 s . for others . The arrivals by Eastern Comities Rail were 11 , 158 sacks against 11 , 681 sacks delivered . Choice malting barley is still in good current demand , at extreme prices , ranging up to 45 s . per qr . ; inferior malting qualities are worth 35 s . to 36 s . '; -grinding descriptions are in steady request ; good Turkish .- and Odessa at 26 s . to 27 s . ; j * ood English at 29 s . ; -choice old mace malt is firm and priced at 74 s .,. but new is rather cheaper , arid cannot be quoted over 71 s . I ' riuie ship samples command a steady sale at 66 s . to 58 s ., but inferior qualities hang on hand .- The arrivals l > y the Eastern Counties Railway have been 7331 qr . ? ,, ' and the deliveries 5785 qrs . Beans meet with but a liniitVcl demand , but best samples are firmly held and realise hi 11 prices . Peas for feeding have been in moderate request only , and are slightly cheaper , but good , boilers have brought full terms . Oats have been more firml y , held in consequence of the more moderate supplies- at market , but buyers hold off in expectation of fresh arrivals , tho quantity on the way being large . Prices have not undergone any change of moment . The provincial markets have , in most instances , exhibited similar featured to Mark-lane . Tho accounts from the Continent i-till bring lower prices generally , and from the I ' niud States heavy and declining markets are also advised .

      LONDON AVERAGES . Qrs . s . d . Wheat 3575 at 41 (>' Barley 536 „ 38 M Oats 25-J 1 „ 21 9 Rye Beans ' 205 „ 3 " 11 Peas ill „ CD 10 week ' s arrivals . English . Irish , Foreign . Wheat . qvs . 2180 — 7710 Barley „ 1-11 ) 0 — -I *! 1 ' Malt ,, lltfO — — Oats „ 1520 2150 27 , MO Flour , sacks 1300 — 770 Ditto .... brls . — — I- "' 'O a «•¦ . . mi . _ . __ .. ; 1 _ _/* 1 ! .. » .. , 1 * i . r .- » ¦•• An 1 . > mi / i Om . ' iI ) ri !' . *!» ¦¦* -- ¦

      _ OJiiKMH . —— iiiu urnviuo ui uusueu cuia nwm '" . ..-. , from tho East Indies . Prices are rather easier , sny oi < 9 . to G 7 s . for Bombay scod , and 53 $ . to G-JL « . fi » r Cnk'iilt . 'i . Taganrog of indifferent quality , lyhi £ ot Fnlmouth , lm = » boon sold for 51 s ., deliverable hero , without allowance for condition . Calcutta to arrive , including boys , cannot bo quotod over 51 s . Rapesood ia less in demand : Calcutta offered at 5 £ a . to 06 s . ; Bombay Guzerat , • ., Potatoks . —There havo boon moderate arrivals ; ot Fronoh , but tho homo supplies aro exceedingly « UJl < l < and tho demand bolng pretty good , higher priced hnyo boon realised . Rogonte , « 0 u . to Odd . ; middling * , . ) Wto 60 a , ; French , 60 s . lo 65 s . per ton . Stock , —Tho supplioa of live stock havo boon my up to an average , and trado exceedingly heavy . I nino breeds o , f both boost and sheep , having comprised tfut » small proportion of tho numbers at market , havo ucon pretty well supported in value , but Inferior havo boon exceedingly difficult of Halo , and prices have iu ncnriy all oases clvon way more or less . At lluireiiny

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      HOME , COLONIAL , & FOREIGN PRODUCE MARKETS .

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      1138 THE X . EA P E ft . [ No . 448 , October 23 , 1858 ,

  • Citation
    • Leader (1850-1860), Oct. 23, 1858, page 1138, in the Nineteenth-Century Serials Edition (2008; 2018) ncse-os.kdl.kcl.ac.uk/periodicals/l/issues/vm2-ncseproduct2265/page/26/