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Leader (1850-1860), 22nd January 1859, Edition 1 of 2, Page 121

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      Untitled Article

      London , Priday Evening . The markets have all been quiet this week , and have all rather gone lower . To-day tea and oats are the only exceptions to the rule , and these two articles have been ¦ fir wi-hav « for the first time , in an extremely interestine circftlar concerning the grain-market published by Messrs Home and Watney , an attempt made to estimate the quantity in stock in London . These gentlemen . ay—" We have taken the trouble to ascertain as carefully as possible the stocks of grain and flour here in warehouse on the 31 st of December , 18 . 58 , and vre are indebted to the public aocks and private granaryestimate of

      keepers for their assistance . We . gram all kinds , in round numbers , at 680 , 000 qrsv ; of which , wheat 230 , 000 ; barley , 60 , 000 ; bats , 320 , 000 ; rye , 11 , 000 ; maize , 23 , 000 ; beans , 16 , 000 ; peas , 7400 ; the balance consisting of millet , dari , and tares . Foreign flour we estimate at about 21 , 000 barrels and 12 , 000 sacks . We cannot give English , as the Eastern Counties and South-Eastern Railways have declined to name their quantities ; nor can they supply arty comparison with the stock or hand in December , 1857 , as no account was then taken . The present supply is , we think , large , and sufficient for several months' consumption . The wheat crop was fine last year , and the price of bread at present shows that the advantages of it are en ^ joved by the people . " to from the manufac

      We have riot very much , report - turing districts this week . The business done has been steady , but , with the exception of goods suited to the Indian market , not unusually large . The amount and character of the orders indicate pretty decisively that trade continues to increase , and that were it not for the discouraging rumours from the Continent the promises of a busy spring would have been amply realised ^ As a matter of course , the uncertainty respecting the continuance of continental peace has a serious effect on continental trade . Foreign buyers are not very plentiful , and manufacturers naturally feel some reluctance to involve themselves largely in foreign orders . Next week , it is hoped , will bring something rather more decided on the subject of possible hostilities . The prevailing , impression in commercial circles is , that peace will iiot . be broken for some time to come . Liverpool .. —This has been rather a dull week for

      cotton . The number of bales has been restricted both for export arid for speculation . The market for foreign wool has not been very brisk , parties who have stocks preferring to hold them back for the approaching public sales . The sales of Scotch wool have been restricted , but prices remain without sensible alteration . Manchesxek . —The favourable feature in the goods market is the continued cheering accounts from India . There is now no reasonable doubt that the very large amount of goods sent and bespoke for the Indian market

      is not greater than the demand is likely to prove . The latest advices all point to that fact , and , therefore , the incipient alarm of glutted markets may for the present be allowed to subside . The orders for India continue to keep the manufacturers actively employed . A largo number of manufacturers and spinners huve their hands full for a couple of months to come , but there are still largejorders ready to be given out whenever tho trade feels itself at liberty to enter into new contracts . The orders which have been issued are at full rates , and embrace all kinds of fabrics for the Indian markets . The

      home trade is not very active , but prices arc firm . For the Continent , not many orders have been taken ; but it is quite evident that a good deal of business might be expected it all parties were satisfied of the continuance of peace . Lbeds . —The trade in cloth has not shown any material variation this week . The Cloth Halls have been tolerably Well attended by buyers , and a fair trade at fair prices has been done both in wools and cloths . The majority of the manufacturers are well supplied with orders . Tho demand during the early part of the week ran on light fabrics and moderate priced goods principally ; in ordinary cloths , howovor , a fair business has beon done . Tho high price of wools , especially lustre wool , restricts business in the finer fabrics .

      Bkadford . —Tho Bradford Chamber of Commerce has recommended tho formation of an association for the encouragement of the growth of long wool . In worsted yarns nothing now has turned up . Spinn « ra are well employed , so are munufucturora on pieco goods . Prices are well maintained . There appears to bo a doubt whether the high price of lustre wool is owing to scarcity or to speculation . Two subject will bo considered fully and tho doubts cleared up bv investigation .

      Nottingham , —Tho hosiery trade still continues very brisk , both as rospoots articles for foreign and homo consumption . The * operatives arc in full work , at good wages * in tho various frame-knitting districts tho hosiery trade ia roportocl to foe active . LmcuaTKR . — -The hosiery trade is still active , and tho demand continues unchecked . Yarns nro In demand , « n 4 spinners fully employed . Tho lace trade is dull , out improvement is looked for , Indood , thoro has boon rother mow business dono this wook than usual .

      Bibmhjgham .: — -Business continues tolerably brisk in the hardware trade . In the iron districts a good deal is doing for foreign and colonial railways . Wioan . —We regret to state that strikes continue in some of the coal districts . At Ince Colliery some of the men on strike attempted to intimidate other colliers from working . The police were called put and the disaffected dispersed . .. . Glasgow . —The cotton market has been steady , but sales have not been freely effected . The amount of the crop is the matter which has a retarding action on business , but not a very prejudicial one .

      Untitled Article

      The directors of the London , Brighton , and South Coast Company have decided upon recommending the payment of a dividend for the half-year ending the 31 st of December last , of 3 / . 10 s . per cent , on the consolidated stock of the company , making the total dividend for the year 1858 amount to 6 per cent . A special meeting of the Epsom and Leatherhead Railway Company is called for the 29 th instant , to approve a proposed lease of the undertaking in perpetuity to the Brighton Railway Company . A public meeting of the supporters of the Metropolitan Railway and City Terminus undertaking was held on Tuesday at the Mansion-house , for the purpose of

      ascertaining the steps taken by the committee appointed at the meeting held on the 1 st December to carry out the scheme and generally to adopt measures for the commencement of immediate operations . The meeting was presided over by the Lord Mayor . Mr . Pearson stated that an offer had been made to the contractors , who were the holders of 47 , 500 shares , which would enable then ! to retain these and carry out the undertaking * and suggested that the meeting should be adjourned to give the directors time to consider the proposal , A resolution Was proposed and adopted that the directors should be empowered to agree to the proposal , provided it be carried Out forthwith . •

      The contract for the works on the Eden Valley line has been let to Mr . B . Lawton , of Newcastle , for 75 , 000 , ? ., and the line is to . be completed by September , 1860 . The works on the AVest Somerset line , to connect the town of Taunton with the port and harbour of Watchett , and thence by steam open up communication with the Welsh coast , will shortly be commenced . A meeting of the shareholders in the Illinois Central undertaking was held on Wednesday , to consider the prospects of the company . After some discussion , it was arranged that no formal resolutions should be moved , but that means should be taken to obtain further information from the company with respect to what prices the lands produced in proportion to their distance from the line , and other points , without which it was impossible to form a just idea of the undertaking ;

      The half-yearly meeting of the Great Northern Railway Company is called for the 19 th February ; that of the " Oxford , Worcester , and Wolverhanipton Railway Company for the 10 th February , at Worcester ; and that of the Royston and llitphiu Railway Company for the 14 th February . The state of the Lombardo-Venetian Railway revenue , owing to the transmission of troops and stores , has been extraordinarily favourable . The report of the . traffic receipts for the week ending the 14 th inst . show 9953 / . against 5589 / . in the corresponding week of last year .

      From a decision in the Vice-Chancellor ' s Court , relating to the dispute between the London and Brighton and South-Western Railway Companies , it seems that the latter company cannot bo excluded from using tho joint station at Portseu for so much of their I ' ortsmouth traffic as may , come from or proceed to their own line at Godalming ; but that it may be closed against the short traffic of tho Portsmouth company . The section of tho Groat Indian Peninsular Railway from Poona to Doksal , forty miles in advance in the direction of Shol&poor , was opened for traffic on tho 15 th inst . For tho present no night trains will run .

      A deputation from Preston respecting tho Lancashire and Yorkshire and East Lancash i re Railway Companies Amalgamation Bill had an interview with the Right Uon . J . W . Henley , on Thursday , at tho office of the Board of Trade .

      Untitled Article

      East Kicnt Raimvay . —Operations have commonc « d at Lyddon-hill . One of the contractors next wook will have about a hundred and fifty men at work . The tunnel will bo about one mile and a half in length , and is to be completed in eighteen months . Nkw Spanish Line . —At Madrid , on tho 11 th . inst ,, tho draught of a law was proposed to tho Cortos by M . Montoslnos for tho construction of q railroad to connect Madrid with Portugal by Badajoz . Tho lino had been already voted by tho Constituent Assombly , but tho now plan proposes to facilitate this important , construction by augmenting the subsidy to lie paid to the company that may undertake it . FnuNcu Railways . —It la announced that . the section of the railway from Mozidon to Argontan , on tho Western Railway , will bo opened to tho public on tho 1 st of

      February next . This will complete the section from Mans to Mezidon , and thus . connect the two great lines of Normandy and Brittany . The Council of State has adopted the line along the coast for the railway to be constructed between Rennes and Brest .

      Untitled Article

      REVIEW OF THE WEEK . . Mincing-lane , Friday Evening . In one or two of the leading products the dealings have been upon a more extended scale , but in the aggregate the week ' s business sums up about the usual average . The home demand is very steadily maintained in most markets , and in some a better export inquiry has been experienced . These requirements are in nearly all cases freelv met , but supplies are by no means pressed , and current values are consequently very firmly and . evenly

      supported . The continental markets , for the primary articles of consumption , give promise of seasonable demand thence , as soon as the navigation is open , but until then but few orders : can be expected . From producing countries the reports have a somewhat doubtful aspect , short supplies in the interior being still alluded to , whilst somewhat large shipments are taking place simultaneously . Altogether , there is little either in the immediate or prospective position of supply and demand to disturb the steady current of trade , or to lead to any material fluctuations in market values .

      Gorn . t—The corn -trade has been checked by the untoward state of the weather . Samples of wheat having come to-market in bad condition , from the humidity of the atmosphere , have been difficult of sale , and have receded Is . to 2 s ; per qr ., not only at Mark-lane , but at most of the provincial markets also . Upon really prime dry qualities but little , if any , reduction can be quoted , arid the supplies of ail descriptions from , the home counties have been exceedingly moderate . Choice old white wheat is still quoted 50 s . to 52 s . ; prime dry new , 47 s . to 49 s . ; runs , 45 s . to 46 s . ; choice old red , 44 s . to 45 s . ; prime dry new , 43 s . to 44 s . ; runs , 41 s . to 42 s . ; inferior , 37 s . to 38 s . per qr . The sale of foreign wa 3

      necessarily influenced by the heaviness in the market for English , and only limited parcels were disposed of . Primest Dantzic , 54 s . to 55 s . ; good mixed ; 50 s . to 52 s . ; Brabant and Lovaine white , 45 s . to 46 s . ; red , 43 s . to 44 s . ; French red , 41 s . to 43 s . ; St . Petersburg , 40 s . to 41 s . ; Archangel , 34 s . to 35 . 3 . per quarter . , Flour has met but a slow demand , arid although general quotations are retained , buyers have , in some cases , had the turn of the market intheir favour . The top price of town made is 40 s . ; country households , 32 s . to 34 s . ; seconds , 29 s . to 30 s . ; Norfolks , 27 s . 6 d . to 28 s . 6 d . per sack . The arrivals by Eastern Counties Rail were 10 , 939 sacks , and the deliveries 11 , 895 sacks . Grinding barley of the better grades have realised 64 . advance . Fine malting samples are scarce arid dear , and medium qualities , of which the supplies are moderate , command a better sale , at fully late rates . Choice new ware malt brings 67 s . ; ship samples , 55 s . to 65 s ., according to quality . The arrivals by Eastern Counties Rail have been 11 , 371 quarters , arid the deliveries 10 , 983 quarters . Beans have sold more freely at a partial advance of Is . per quarter . Peas are in moderate demand for stock feeding , but white boilers are dull of gale , arid rather cheaper , partly in consequence of the mildness of the weather . The supplies of oats having been lessened materially , higher prices by 6 d . to Is . per quarter have been obtained , especially for really good corn . CORN ARRIVALS . English . Irish . Foreign . Wheat .... qrs . 537 G — 10 , 498 Barley „ 4212 — 6910 Malt ,, 18 , 154 — 18 , 154 Oatfl „ 6295 — 1 O , 52 « Beans „ 686 — 1655 Peas „ S 15 — 315 Flour sks . — Ditto .... brls . — — LONDON AVERAGES . Qrs . s . d . Wheat 8222 at 44 10 Barley 903 „ 84 1 Oats 1406 „ 24 8 Beans 452 „ 36 8 Peas 174 „ 44 4 Smeds . —Tho week ' s imports comprise 9300 qrs ., of which 6650 are East India ; I 860 Black Sea , and 200 Mediterranean , but fiftoon cargoes , together 40 , 000 qrs ., have readied tho coast from the Black Sea and Azoff ,

      which have rather damped , tho market . Five of the cargoes wore sold yesterday at 62 s . to 58 s . 8 d ., delivered U . K . On the spot Bombay is 60 s . to 55 s . 0 d ., and Calcutta , 52 s . to 58 s . per qr . With the continued favourable weather for tho growing Rapeseed crops on tho Contlnont , holders are more disposed to sell , and lino sound Calcutta , seod offers at 52 s . to 58 s . ; fine Bombay , 08 s . to 68 s . Od ., inferior to good , 45 s . to 60 s . Llnsood cakes aro in limited / demand , but firmly hold : barrels at 10 / . to 10 / . 8 s ., bags 91 . Mb ., fine Western , 91 , to 01 , 6 a . PoxAxoiW , —Tho supplies are pretty good , and two

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      GENERAL ^ TR ADB REPORT .

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      . Kn 461 . January 22 , 1859 . 1 T H E -L E A I ) jE _^ _ __^____ __ 121

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      RAILWAY INTELLIGENCE

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      HOME , COLONIAL , & FOREIGN PRODUCE MARKETS ,

  • Citation
    • Leader (1850-1860), Jan. 22, 1859, page 121, in the Nineteenth-Century Serials Edition (2008; 2018) ncse-os.kdl.kcl.ac.uk/periodicals/l/issues/vm2-ncseproduct2278/page/25/