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Leader (1850-1860), 15th January 1859, Edition 1 of 2, Page 91, Untitled Article

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      Untitled Article

      Liverpool —There has been a good but not a very large trade doing throughout the week . Prices areunchanged-Surats , 4 * d . to Gd . ; Egypt . ans , 6 id . to 9 d , ; Persians , 7 fd . to 8 * d . ; Americans , 5 d . to 8 d . ^ SfOHESTBB . —The large orders for the East which have been already executed , ' and the large orders on hand in process of execution , are beginning to attract attention , and questions are being , . raised as to the possibility of glutting the India and China markets bvthe unusual supplies we are sending to those quarters . Acainst this feeling is to be placed the fact that the very last telegram from the East gives an encouraging picture of the Indian markets , asserting that the large supply is only commensurate to the large demand , and that it is owing to the very low state -to ' which stocks had subsided that the increased demand for goods of all kinds is to be attributed . We hope this will be found

      to be the case ,. as the activity which has been produced in our markets came most seasonably for manufacturers and for operatives . The yarn market has not been so busy as it was last week , not , however , from any falling off in business , but because the supply is really short of the demand . The spinners get full rates for all they can supply immediately , Buyers , however , hold back from making contracts when delivery cannot be ensured at furthest by the first week in March . The news ^ rom India has so far affected the market as to cause the demand for cloth to be greater than that for yarns . But the truth is that yarns cannot be supplied at present in sufficient quantity , and stocks of any magnitude arc nowhere to be seen . It was assumed that the threats of war on the Continent had affected business here , but this is not the fact ;

      wherever business was apparently slack it was because Warehousemen and manufacturers had nothing to sell . We understand , however , that orders have" been taken for March delivery , and that it is difficult , if not impossible , to get spinners to take orders for earlier delivery . As far as prices are concerned ,. it may besaid that high jorices rule generally . The demand for shirtings , madapollanns , and jaconets for the Indies still continues very good . In yarns the demand is not so exclusive as in cloths ; prices keep very firm at last week ' s advance . Of course it would be presumptive in us to urge buyers and sellers to use caution , but we know there have been such things as " gluts" in the Calcutta and Bombay markets , and that much embarrassment lias been the consequence , and it is this knowledge that indices us to volunteer a word of advice .

      Leeds / - —The new cloth which has been brought to market has gone off pretty well . The ojd stocks have also been diminished by buyers . The demand has principally fallen on the best all-wool cloths , fast colours , blacks , and whites , which may be dyed any colour . It appears that this demand arises from the strong competition which these cheaper fabrics are entering into with West of England cloths , and if the quality continues sufficiently good , it is expected that this cloth will drive out of the market many qualities of

      West of England make . There has also been a tolerably brisk call for light fabrics , and a very fair business is doing " off" the public markets . The prospects both for the home and export trade for the year are considered to be better than they have been for some years past . The flax trade is only moderately biisk , pricesthat ia , of the raw material principally—havd au upward tendency . Both as regards the staple trades , the silk and the iron trades , business is beater now than it was last year .

      BjRADFOttD . —rln . English wools not a very largo business was done this week ; this is attributed to the high prices asked for bright-haired or lustre wool . Prices , however , have been lirmly maintained , and , if anything , an advance rather than a fall in present prices may bo looked for . The staplers have only very light stocks of wool for the season , and if the demand continues at the present rate , the spinners will have to give higher rates . Mohair noils and brokos uro more inquired for . The homo trade in yarns ia still vary good , yarns for export

      ai'o in request , but exporters hold buck their orders as tUe prices asked aro ubovo their limits . Tho trade for some months past has boon of a sound character . Wools firm , in price 44 a . to -15 s . per rod . Yarns have advanced Id . to l £ d , per lb . As far as tho hosiery trade in tho country districts is concerned it is vory good iudood . Leicester .- —A fair business is doing in tho hosiery trade . Manufacturers are miguged with their orders , and tho trade generally looks prosperous . Masters and workmen are fully employed , Tho same may bo said of tuo LoughborouKh trade .

      NomcpaHAw , —A email but slow improvement is visible in tho Jlaco trade . Ao tho year advances tbo domaud ia expected to increase . Wo undoratand oven how that more machinery is being put on and longor time worked , In plain nets thoro has been rathor more doing , other plain goody nro hi bettor roquost . In hosiery , tho demand continues unabated—homo and foreign trades are alike buoyant and active . Tub Iron Twapk . —Tho usual quarterly mooting of tho . ironmasters of this dlatrlot was hold at Wolvoruampton on , Wednesday . Tho attendance of tho trade Was not numerous , and , tho prevailing opinion appeared to be that thoro was scarcely ao much buoyancy as existed a fortnight ago ; prJooe were , notwithstanding 1 ,

      As regards manufacturers' quarter-day , this has been the most healthful one experienced for the last fifteen months . Accounts were well paid . The Wolverhampton factors are in good spirits , and many of the manufacturers are busy , they having a good supp ly of orders beforehand .

      very firmly maintained ; in that respect no retrogression whatever being apparent . Some very fair contracts were given out , and amongst consumers generally there is a feeling of confidence that prices are not likely to recede . All the principal makers are pretty full of orders , within the last week or . two a good many having come in from Australia , the United States , and from India ; and shippers are manifesting a disposition to increase their operations . . . . The price of pig iron are scarcely so high as we last quoted it , but there was no positive alteration of prices declared to-day . Ironstone and coal are in activ « demand . Prices have a tendency upwards . .

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      At the half-yearly meeting of tire London and Greenwich Railway Company , a resolution was passed , declaring a dividend of it . 7 s . Cd . per cent , ( or 5 s . Gd . per share ) for the half-year on the ordinary stock of the company , payable by warrant , on and after the 15 th of January . Arrangements are- in progress for giving the Great Northern Railway Company a goods depot at the Brutiswiek-wharf , Blackwall , and also for connecting the Blackwall line with the East India Docks , so that goods from the London and North Western and Great Northern Railways may be taken in the railway trucks alongside the shipping . A call of lt ) l . is to be paid . on the shares in . Danube and Black Sea Railway and Kustendjie Harbour Company by the 1 st Febru ary . The half-yearly meeting of the New Brunswick and Canada" Railway and Land Company is convened for the 27 th instant .

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      Eniix Valley RAii-wAY .- ^ -The-letting works for tho formation of this line took place on the 6 th inst . at Appleby . The contractor is Mr . Lawton , of Newcastle , and the sum is 75 , 000 / . The highest tender was 92 , 0007 . The line is to be completed by September 1 , 1800 . . - ¦ ¦ ¦ . ' . . ; ' \ Cheat Indian Pkn-insllar Railway Company . — The report that , the directors were about to make sales in their 41 . shares is wholly unfounded . There is reason to believe that , in conformity with their intention expressed in the last report , they will grant permission to the shareholders , next March , to pay up in anticipation of calls , unless the money market should become unfavourable .

      Cai ^ e Town Railway and Dock Cosepany . —The supplemental report , issued by the directors , states that important amendments have been made in the contract with the Colonial Government , and that arrangements for the construction of the line have been completed . The contractor has undertaken to finish the works , ex ? - clusive of rolling stock , for 400 , 000 / ., which includes the amount required to pay the . 0 per cent- interest during construction , The works are to be completed

      within two years and a half from the 6 th October hist , or six months within the time required by the contract with the colonial authorities . The contractor has given security to the amouut of 25 , 000 / . for the general performance of tho contract . No further call will be made before May next ; but meanwhile shareholders have the privilege of paying in anticipation , The directors announce that the first payment of interest , calculated up to 81 st of March , will bo made in April , after which it will take place half-yearly , in October and April .

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      i * n . 4 fiO . January 15 , 1859 , ] THE LEAMK 91

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      HOME , COLONIAL , & FOREIGN PRODUCE MARKETS .

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      REVIEW QF THE WEEK . ¦ Mincing-lane , Friday Evening . The week ' s transactions do , not sum up largely , but are of sufficient magnitude- to indicate the progressive condition of the home trade . For export but little is doing , nor is much to be expected until the season is further advanced . The American mails have , however , brought a better sprinkling of orders for some few articles . Speculation continues nearly a dead letter ,, and circumstances conspire to keep it so . It was thought that the prospective with which the year opened would in due time have encouraged at least a partial revival , but these expectations are for the time dispelled by the threatening aspects of political affairs ; The Indian advices have also added another obstacle to speculative operations . At Calcutta , the cry from the interior of failing crops and short supplies had been followed , in one or two instances , by such a goodly abundance in the bazaar as to increase considerably that judicious hesitation with which crop estimates in general are usually received . But beyond impelling any return of speculation still further into the future , _ these circumstances exercise but little influence oil our home markets . The dealings , being regulated solely by actual requirements , respond only to the general consumption of the country , and of this appearances are as promising as heretofore , In quotations a healthy freedom from any material fluctuation is still the prevailing feature . Corn . —Supplies both of English and foreign grain still come to market slowly , and prices are in consequence firm , although the business passing is necessarily restricted . English wheat has sold readily as offered at the full advance of last week . Choice heavy , old , 50 s . to 52 s . good new , 48 s . to 50 s .. ; runs , 46 s . to 47 s . ; choice old . , 45 s . to 49 s . ; select new , 44 s . to 45 s . ; runs , 42 s . to 43 s . ; common , 39 s . to 40 s . per quarter . Foreign is very firmly held . Fine high mixed Dantzic , 55 s . to 56 s . ; good mixed , 51 s . to 53 s . Brabant and Louvain , whi t e , 45 s . to 47 s . ; red , 44 s . to 45 s ; ; French red , 41 s . to 43 s . ; St . Petersburg , 41 s . to 423 . per quarter . The-flour trade . continues very steady at the extreme of late rates . Town made , 40 s . ; town households , 33 s . to 34 s . ; country ditto , 32 s . to 33 s . ; Norfolks , prime , 29 s . per quarter .- Fine malting barleyhas advanced Is . per quarter . The scarcity of this description is increasing . Black Sea samples have sold more readily at rather better prices . The imports have been moderate . Choice qualities of malt are taken off more readily . Ware , 67 s . ; fine ship samples , 63 s . to 65 s . ; inferior , 56 s . to 58 s- Beans have met an improved demand , and prime qualities are rather dearer . Peas continue to find but a slow sale , on terms in favour of the buyer . CORN ARRIVALS . English . Irish . Foreign . Wheat ..... qrs . 4395 — 11 , 439 Barley .: „ 3794 — 15 , 296 Malt ,, 19 , 629 — 19 * Oats „ 5410 — 35 , 721 Beans „ 1007 — 1034 Peas ; „ 279 — 524 Flour ... sks . 17 , 359 — 325 Ditto brls . — — 1500 LONPON AVERAGES . Qrs , 8 . d . Wheat 3222 at 44 10 Barley 908 „ 34 1 Oats ...,. 140 G „ 24 8 Beans 452 ,., 36 8 Peas 174 „ 44 4 Seeds . —The arrivals since the 1 st instant have been 8050 qrs . East India , which meets a steady sale at 55 s . to 55 a . 6 d . for Bombay ; and 52 s . to 53 a . for Calcutta . For arrival , tho latter sells at 51 s . 6 d . c . f , and i ,, including bags ; several cargoes Black Sea , off the coast , have sold at 52 s . Oil . to 53 s . per qr . Looking at the return of mild weather , which is much wanted on the Continent for tho rape crops , the market for rape-seed is firm ; fine Calcutta is worth 58 a . ; fine Bombay , 63 a . to 68 a . 6 d . on tho spot ; and inferior to good , 45 s . to 60 b . per qr . Linseed-cakes , as tho stock has been reduced , are firm , but tho market at the close was less active . Potatoes . —With moderate supplies , and rather a better demand , prices are firm . York Regents , 90 a . to lOOs . ; Scotch ditto , 80 s . to 95 s . ; Cups , 70 s , to 80 s . ; Belgian and French , 70 s . to 80 s . per ton . Stock . —The supplies of live stock have boon moderate , but prices , towards tho close of the week , declined 2 d . per stono on both mutton and boef . The following were tho numbers on offer , and current quotations ;— MONPAT . I 3 oa 9 t . Sheep . Calves . Pigs . 3 , 740 03 , 700 121 400 3 s , lOd . to 0 a , 2 d . 33 . 10 dL to 5 a . 2 d . 3 a . 8 d . io ; 4 a . l 0 d . 3 a . 0 d . to 3 s . 8 d . Thurspay . 1 , 230 3 , 800 147 170 3 s . lOd . to 0 a . OJ . 3 a . 8 d . to 0 s . Od . 3 a . 0 d . to 4 s . Sd . 8 a . 0 d . to 3 s . 8 d . Provisions .- —Tho dead moat markets worq heavy this

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      QiiKSTiONAHLK S . avikgs * Banks . —Occasional letters are received entreating that a warning may bo given to tho public regarding certain now savings' banks in London and tho provinces which . oJFor the temptation of high rat 03 of interest , and profess to bo iu possession of subscribed capitals under the Limited Liability Act . It ia , howover , impossible , oven though very decided opinions maybe entertained with regard to thorn , to oxposo any mischief until tho occurrence of actual defaults such as aro usually not allowed to tako place until tho last funds hayo been squandered . All that can bo done ia to urge- every poor person to consult his employer or fiomo established business man boforo entrusting his savings to any fresh concern , especially if tho promises made aro particularly attractive . —Times .

      Irns Pout of HAMBURO .- ^ -Fr om a return lately published it appears that tho numbor of ships that entered tho port in tho yonr 1858 was 430 * 1 , with crows of 44 , 540 men , ngainst 6007 in 1857 , with crows of 51 , 740 mon , and 5201 in I 860 , with 49 , 204 mon . Tho decrease of last year haa boon caused by tho depressed state of trade . Of tho various nations tho English woro tho moat numerous , tho total number of voaaola Bailing under the British flag being 1098 $ tho noxt being tho Hanoverian , numbering 781 . Only 22 ehine belonged to tho United States .

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      HAIL-WAY INTELLIGENCE

  • Citation
    • Leader (1850-1860), Jan. 15, 1859, page 91, in the Nineteenth-Century Serials Edition (2008; 2018) ncse-os.kdl.kcl.ac.uk/periodicals/l/issues/vm2-ncseproduct2277/page/27/