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914 . THE LEADER. [No. 441, September 4,...
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COLONIAL AND FOREIGN PRODUCE MARKETS. BE...
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Note: This text has been automatically extracted via Optical Character Recognition (OCR) software. The text has not been manually corrected and should not be relied on to be an accurate representation of the item.
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General Trade Report. London, Friday Eve...
last vear , and disturbances in other trans-marine states prevent the development of commerce . The accounts from Bussia report satisfactorily about the Nischny and other fairs , and a better demand for yarns , particularly water twist , is at last felt for that quarter of the globe . The German manufacturers purchase only for urgent wants just now ; the harvest in many districts having suffered throug h long-continued drought , commerce is not so active as it would otherwise be . " The other circular is from Messrs . Fraser , Son , and Co ., of which we will only quote the following satisfactory passage : — - ¦
. ** There has been a general improvement throughout bur 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 on some other commercial and mercantile interests . Here business has 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 greatly , even 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 this 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 . jper lb ., whereas the additional cost of the cotton purchased in Liverpool has
not reached more than a id . 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 a more favoured position" than at the
present time . ' At Leeds the attendance of buyers in the early part of the week is described as having been of the first class , who purchased extensively in most of the warehouses ^ and a good business was done . Subsequently , however , the weatBer waa 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 conjtingency , the clothiers frankly admit that they have no cause for dissatisfaction , inasmuch as their transactions are fairly numerous and advantageous . Bates are
without change , and promise to remain so for the present . The reports from the woollen districts continue to be satisfactory j 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 . » taples 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 we made in respect of the machine and tool trades , which are at present only indifferently employed .
At HnddersfieW the unfavourable state of the weather has prejudiced the transactions of the week . Several buyers from wholesale London and Irish houses have been jln attend ^ ce , but their purchases have been very cautiously selected , anit have ' riot much influenced the State of the market generally . The shipping demand for low-priced woollens and unions continues dull and languid for the season , and stocks of these goods on h ^ nd , more especially of steel mixture doeskins and prunelles , are on the increase . The demand for
sixquarter mixture cloakinga continues good , however , as also for various descriptions of fancy coatings in heavy fabrics for tho 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 piece and wool dyes , and at all prices , if well made and smartly finished , eel ! steadily ; ami immense quantities pass weekly through tnia xnarKot ^ or lJ are taoTivoreu ~ to oraer direct from the manufactories in the district .
At Bradford bright-haired wools are still very firm in price , and an upward tendency is apparent . In other kinds tliero is no relaxation In tho late stiff rates . Nolls and bi-okes remain as last reported . For worsted yarns tho demand continues acfclvo , and prices are Armor than last week . One pause of tho present anxiety on tho part of merchants to place orders for yarns for export is their desire to get the orders executed , particularly those on Russian account , before the close of tho shipping
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 . Lastihgs 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 do 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 .
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 . Stock * of all kinds are light .
The reports from Birmingham , Wolverhampton , 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 Continent 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
Wolverhampton 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 . Boiling mills are well employed ; and 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 , where the depression during the late crisis was perhaps more severely felt than elsewhere , employment 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 the 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 small , only about 2000 bales including the import by the present steamer .
Glasgow letters describe a good business as having been done in cotton during tho present week , and considerable sales of goods at better prices j indeed , in goods and yarn there has been great activity . The hoino-trado have taken largo quantities , while tho accounts from foreign markets are regarded as most cheering . Of yarns tho sales have been unprecedentedly large , and spinners , as in Manchester , have advanced then- pricca . Judging from present appearances , tho bountiful harvest , the cheapness of money , and the moderate price of tho raw material , wo may confidently oxpeot a more prosperous time for the manufacturing interests of this city than they have had for some yoars . Thoro hns been loss activity in the pig-iron market during this week j foreign orders seem to bo nearly completed , and an increased
disposition has been manifested to sell , in consequence of which prices have gradually given way for mixed numbers warrants . No . 1 g . m . b . 64 s . 3 d ., No ; 3 04 s . Gartshorrie No , 1 50 a . Exports go on favourably , as contrastod'Mrith tho same period last season . At Dundee this week thero has boon a good demand for yarns ; and higher prices have boon again required ^ oth ^ or'flaTcrand ^ ow wldndspw ~ 'As ^ o- 'linen 8 f- > thei'markot « is rather dull . Flax has boon in very oxtoneivo inquiry , and prices of all kinds oontinuo to have an upward tendency , and the accounts from foreign markets are such as preclude all expectation pf any immediate reaction . Fine to-ws are also in domaml , and bring full rates ; common tows and codillas aro also hold with groat firmness . Jute moves off freely at a higher rango of prices . The Irish linen : markets aro all satisfactory . At Armagh the supply of brown linens Is small . Lawns firm
and advancing . In Lsirgan birds-eye diapers are in good demand ; but at the last market there was less inquiry for lawns and damasks . In Ballymena the supply of good 3 is moderate , but the demand was active , though the advanced prices required by manufacturers have rather interrupted business . At Belfast a moderate business has been done in handldom 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 thelate 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 . Boughs have been more , active , and
stocks are nearly cleared out . Unions met little attenr tion . In lawns , cambrics , and handkerchiefs there is ho alteration . Stocks decreasing . The late advance is well maintained for hollands and goods for ¦ d yeing ' . . 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 . 6 d . to 8 s . 3 d . for hand and 9 s . to lls . 9 d . for mill scutched per stone of 16 $ lb . At Armagh there were about 9 tons , and in Tandrngee 2 tons , which brought similar rates . The Strabane market has not yet fairly 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 124 lb . In Coleraiiie , on the 28 th , about 4 tons appeared , of very good quality , and prices ranged from 60 s . to 67 s . Gd . per 1241 !) . In Cookstbwn on Saturday 30 to 40 tons appeared , which were bought up briskly at an advance of Gil . per stone , prices varying from Ss . to lls . Gd . per stone of iGilb . In foreign flax little passing , owing to smalluess of stocks . ' . ¦¦¦ ¦
914 . The Leader. [No. 441, September 4,...
914 . THE LEADER . [ No . 441 , September 4 , 1858 .
Colonial And Foreign Produce Markets. Be...
COLONIAL AND FOREIGN PRODUCE MARKETS . BE VIEW OF THE WEEK . Mincing Lane , Friday Evening ; . Trade in these departments , although not to be called 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 current values that are at all times harassing to the legitimate trader . Throughout the markets supplies arc 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 , ami nny material oscillation in prices is prevented . Meantime a slow but continuous expansion is observable in transactions arising out of actual requirements for oonsumption and export . West Ixdies . — Tho week ' s business amounts to 4096 h ' ds ., including tho public sale 3 , in which Harbadoea sold at 37 s . to 39 s . 6 d . for low to middling ., . and 40 s . to 4 Cs . for middling to fine grocery ; S ( . Lucia , at 37 s . Gd . in 40 s . for brown , and 39 s . tM . to 42 s , 6 d . for grey and yellow ; Jamaica , brown , . Ws , to 40 s . ; yellow and groy , 89 s . 6 d . to 44 s . ; crystalline Borbico , tSs . Gd . to 49 a . Gd . nor cwt .
Mauritius . —The public sales have offered !* . *• " ) , tho gripntor pai't of which found buyers , low black , 'at 83 s . to 81 s . ; low to good brown , 34 s . Gd . to 4 Hd . ; . Inw to midding yellow , 40 d . to -13 s . Gd . ; grainy , 48 s . o \ I . to 49 s . per cwt . Bknoal .- —7102 bgs . in auction met nn nctivo competition , and wore frooly taken off at fully Gd . inlvnu .-o ; dry brown refining Dumma date 88 s . Oil . to : ) 7 s . ' » ! . ; a ainall proportion white Benares at 40 s . to 17 a . A fow lots CeBttiporo wore hold at 60 s . per cwt . Madras , —100 bgs . middling grocery sold at Us , k > 4 Is . Gd . per cwt . Pknano . —1 ) 10 bgs . realised 34 s . fid , to Jlrts . fur ml . l . to flno brown , and 40 s . to 44 s . Gd . for low to good ¦ yellows » " i' i ¦¦ i »¦¦¦'
; FomsiciN . —But modorato supplies havo boon lirougM to snlo , and thoao not in all instances boon rouli ^ 'u . Tho principal transactions , private as woll «» pul'H « - '> have comprised 0000 bgs . unclayod Manilla at Hi )* . !* '' ¦ i 008 bkts . Java , d . 3 » . Oil , to' 40 a . Oil . ; 1000 IkIh . Cubn muscovftdoos , partly at 80 s . Oil . to 4 'ls . Od . for low to good yellow ; 000 luls . 150 brls . Torto Rico , low [ o < no grocory at 80 s . to 47 s . ; 1500 bxs . llavnnnuh , N *> . ' , at 44 b . Oil ., and florotts at 60 s . » 200 tons bootroot . No . 9 , at 20 a ., for an outport .
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Citation
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Leader (1850-1860), Sept. 4, 1858, page 26, in the Nineteenth-Century Serials Edition (2008; 2018) ncse2.kdl.kcl.ac.uk/periodicals/l/issues/cld_04091858/page/26/
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