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to No. 454, December 4,1858Q THE LEADER....
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Countries. Imports. Countries. Exports. ...
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GENERAL TRADE REPORT. London, Friday Eve...
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Transcript
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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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To No. 454, December 4,1858q The Leader....
No . 454 , December 4 , 1858 Q THE LEADER . 1329
Countries. Imports. Countries. Exports. ...
Countries . Imports . Countries . Exports . £ . £ United States ... 27 , 409 , 366 E . Indies ; Cey-India , Ceylon , Ion , and Sinana Singapore 11 , 036 , 411 gapore ...... 13 , 569 , 586 France ........ 10 , 199 , 371 United States ... 9 , 826 , 442 Russia ......... 6 , 205 , 123 Australia 7 , 619 , 869 China & Hong- Hanse Towns ... 6 , 441 , 970 Koilff .-.....-. 5 , 541 , 988 Holland ...... 4 , 106 , 850 British West In ^ France 3 , 557 , 868 dies , including Turkey 2 , 978 , 493 Guiana 5084 , 889 B . N . American
, Australia 4 , 314 , 202 Colonies ...... 2 , 970 , 568 Holland ...... 4 , 206 , G 80 Brazil 2 , 877 , 659 Egypt 3 , 833 , 947 Russia 2 , 455 , 392 Peru 3 , 550 , 832 China & Hong-Prussia 3 , 107 , 006 Kong .... 2 , 013 , 531 Foreign West . Foreign West Indies ...... 2 , 925 , 938 Indies 1 , 895 , 723 In the present jear , therefore , Russia falls below France for the value of imports , and Australia ,
¦ wi thout including bullion , rises above three of the countries which she was below in 1857 . Peru exceeds Prussia . For the value of exports , India this year surpasses considerably the United States . Turkey comes next to France , and before our North American colonies and before Brazil . For our own West India colonies we are obliged to subsf . itute the foreign West India islands . A 3 our own colonies , however , have taken more from us in the nine months of 1 S 5 S than 1 S 57 , vc snppose that the large increase in our exports to the foreign West Indies is due v to the increased
consumption of their produce here , especially their sugar . We repeat , however , that we mention none of these facts invidiously , for all the parts of our traffic are closely connected with each other and exist together . If there he freedom for all , they will all grow in fair proportion . lake the limbs , they are all necessary to perfection , and to restrict or to mutilate any one is to disfigure and weaken the whole .
General Trade Report. London, Friday Eve...
GENERAL TRADE REPORT . London , Friday Evening . The last month of the year having now commenced , and all kinds of business being remarkably steady , there are lew topics of interest to engage the attention of commercial writers , and only very faint hopes of any further change till after the beginning of the new year . Mercantile men look forward to having a good balance at their bankers ' , and embark in no now business that can be avoided . So the duluess of trade , of which so much has of late been said , continues , though the imports and consumption are very large . That it is not so active a $ in 1857 , of which some persons complain , is only a proof of the general prudence .
In the week the corn market has been flat , ar ^ d today , at Mark-lane , the sales wore slow at Monday ' s quotations . OiF the coast there are very large arrivals , especially of Indian corn . The price , which ia declining , is now perhaps as low as it has ever been . The arrivals were not large in the market , but they sufficed to keep prices dull . . The Mincing-lane markets , particularly the market for toil ., . -arc all firm , and though the business doing is entirely for consumption . Our advicos from the United States teach us to beliovo that the cotton crop this year will bo larger than the famous crop of 1 S 5 . 6 , and will certainly not bo less than 3 , 300 , 000 bales . The idea that has been set afloat of the great deficiency of tliia raw material is without foundation .
Gentlomonqf Liverpool connected with tlio corn trade , in conjunction with gentlemen from Glasgow , Hull , and other places , havo , in a public mooting , adopted a resolution to buy and sell all kinds of grain , meal , and flour , by n weight of 100 lbs . avoirdupois . They recommend the trade , in order to put nn end to a variety of weights and measures throughout the kingdom , to buy and soil by no othor weight nftcr February 1 st , 185 !) . Such a plan , which ia highly approved of horo , will introduco more certainty into the value of the commodity at uiflbront places , and substitute one weight for many wojghta and measures . Though nn Act of Parliament might bo necessary to apply thia rulo to corn and
trade legislation some amongst us properly demand from other nations . The French are awakening to the necessity of having freedom for agriculture , and for dealing in its productions . Mi Le " once do Lavergne , well known for bis description of English agriculture , has published an essay in the Revue des Deux Mondes to show the present condition of agriculture in France , and how much it has suffered from losing sight of the principles of free trade , -which French writers were the first to demonstrate . Agriculture has , in spite of restrictions , improved so much in France since the first Revolution , or the land under cultivation has increased , that 192 , 570 , 000 bushels of wheat and 275100 , 000 bushels of potatoes
, were grown in 1848 , against 93 , 534 , 000 bushels of wheat , and 5 , 5 o 2 , 000 bushels of potatoes in 1789 . The rent of land , too , has increased from 29 fr . 55 c per acre to 74 fr . 13 c , and the reward of the labourer has be 9 n about doubled . The increase of foreign trade and manufactures in France , which ha 3 been perhaps fivefold since 1815 , when they were at a very low ebb , is the best encouragement for agriculture , and as these expand agriculture must flourish . Though the French Government be ignorant , it does not want good-will . It patronises the " Credit Fonder , " a bank for supplying landowners with capital on easy terms ( objectionable as this
mav be on principle , it is not worse than our own plan of lending the public credit to landlords ) , and intends , we believe , though it is terribly in error , to serve the farmers by taxing the bakers . The inquiry it has instituted into our agriculture is With a view to improve that of France . At a " recent meeting of the Agricultural Society of Boulogne , M . A . Adam encouraged the agriculturists to exert themselves to procure free trade , and he assured his hearers that the Government was favourable to such views . As freedom is necessary to prosperity it must be had , and if it be not quietly conceded , the unwise coercion will at sometime or other be got rid of by
violence . Business seems improving in France as well as at home . The Progress Industrielof . Lyons says :- — " Our manufactures continue in a state of great prosperity , but the number of workmen is insufficient . With the exception of figured silks , all others are in great demand . " The Russian Steam Navigation and Trading Company has established a regular line between London and Odessa . The managing director , who has left England , purchased heie for this service eight steamers , and has
contracted for the building of twelve more . The company possesses a fleet of forty steamers , and has opened an extensive river communication between the Black Sea and the interior . It has established regular lines between the different ports of the Black and Azoff Seas and the various Mediterranean ports—Marseilles , Trieste , Alexandria , Genoa , & c . —and is to open a communication rui the River Rhion to Tiflis . This is one of the many enterprises which will contribute to carry back trade from the Western world to Asia , and infuse new life into the oldest inhabited part of the globe .
Trade in the manufacturing districts for the past month has been generally good ; there are exceptional cases , but upon the whole prices have been rather higher , and profits , it is hoped , have been in proportion . The one grent feature which has distinguished the trade of the country during this year is the absence of any outward appearance of speculation , What goods havo been manufactured and what goods have been sold are believed to have been called for by tho legitimate requirements of tho country . The banks havo held aloof from granting accommodation , as it is termed , to speculative firms- — in particular the Liverpool bank ' s *—hitherto so forward to make " advances" on what may be considered as " true bargains" in cotton and produce , have declined to lend themselves to assist in transactions that wore the least appearance of speculation . This has effected a good deal of advantage to tho legitimate trndo in the cotton and piece
West Indies 2 . 5 0 . 0 Coast of Africa .. 2 . 7 0 . 0 Turkey , Egypt , and Levant 9 . 2 8 . 3 The Cotton Market has not been very active . W < have already stated that prices have given waj about | d . in some qualities . There is no very greai amount of speculation going on ; it would be impossible to extinguish speculation in cotton altogether , and . with respect to the supply , the stock on hand is fair and the new crop is expected to make its appearance in the market in good time . The latest report states : — " The stock is being rapidly reduced . On the 29 th October it amounted to 443 , 480 bales , and on the 26 th November , 298890 . Spinnershowever , rely upon the new crop
, , arriving in ample time to supply their wants ; and although bare of stock , buy only from hand to mouth . In yarns , a reduction on our last quotation of ^ d . per lb . was made early in the month , but this has been regained upon India qualities . The demand continues steady , but witliout further change in prices . The goods market has been active , and for immediate delivery an advance of lid . per piece can be obtained for madappolams , shirtings , jaconets , and T-cloths . Buyers are reluctant to contract beyond the close of the year , till they have further advices as to the effect of the immense supplies sent to the East India markets , -which , together with China , have lately taken one-half of the production of the looms in this district . "
The advices from Manchester are satisfactory . There is not much appearance of activity in the markets , but prices k ' eep up well , and a very considerable business is being really transacted . We refer particularly to orders for In lia for cloths—such as shirting , madapolams , jaconets , & c . There is also a good and steady demand for long and T-cloths . The foreign trade may be considered as brisk for this season , especially as regard * exports for the Indian and German markets . The firstnamed market excites some anxiety on account of the large quantity of goods ordered for it . The home trade is quieter , but in printing cloths a tolerable amount of business is reported at full prices . For early deliveries of yarns full rates have been readily obtained . We understand there has been some extensive orders for the China markets given out . It is understood that manufacturers have no large accumulation of stocks , and are
tolerably well under contracts . Birmingham . ^ - The i ron trade is not very brisk in South Staffordshire , though better than it has been in consequence of orders from America , which our iron masters are regarding with more favour . The trade for home supply has been more animated , but no marked change has occurred since our last . The advance of £ per lb . on copper , which we noted at the time , has . done , good to the trade . Tho brass and copper
a falling off" to Rio and Pemambuco of 1268 , to Ham burg and Rotterdam of 1852 packages , principally yari The following classification shows the proportion shipped to the various markets of the world : — Packages . lbs . Cotton Cotton Piece-goods . Tarns . East Indies 37 . 5 18 . 8 China ... 10 . 4 8 . 8 Australia .. 1 . 9 0 . 0 Central and South America 18 . 9 O . I North America 9-9 O . 2
trades may be said on the whole to be looking up , but of course the trades are not so brisk now as they were t \ vo years ago . As far as respects the heavy hardware and ironmongery trades , a satisfactory change has occurred . The largo orders from India and Bussia for railway materials have infused animation into the iron markets . The miscellaneous trades , although not doing a large business , are believed to be doing a steady business . The factors' orders—as may be conceived at this time of thcyear— -are light . to
goods markets . As far as tho demand for manufactures is concerned , the pnst month has been one of unusual activity . The low prices at the beginning'of the month tempted buyers to como forward who had held thoir orders over ; this tondod to clear off the stocks of cloth and to provide tho manufacturers with orders , which it i * expected will keop them going until tho termination of the year . We boliovo that manufacturers are inclined to ask somewhat higher prices , but certainly thoy refuse to accept lower ; and as far na respects orders for immoilirttq delivery , they do ask an advance on current rates . We have already stated that piece goods wont to a low price , but tho snmo was not tho case with yarns , which felt tho decline in prices only to tho extent of about ono fourth , nio . de up however to the spinners by tho advanco on Indian numbers . As far as the Liverpool trade ia concornod , tho prospoct is encouraging . Wo oxtraot from Messrs . 11 Froelund ' s circular tho following
sum-Woia'erhampton . —Our advices are satisfactory , a cortain extent . It is understood that the orders from Eussia havo mostly gono to Wales , where competition with South Staffordshire is very decided , Tho conciliatory course adopted by tho master knife-makers to thoir workmen it is expected will be productive of groat good . Tho concessions of tho masters fell somewhat short of tho requirements of the men , but the men have prudently agrcod to accept thoni , and tho new rates enmo into Qpcrotion a few days ago . Lkri > s . —In woollen fabrics a fair trade for tho season of tho year is doing . In low , heavy goods only is thore dulness ; tho other branches are comparatively brisk . The character of tho trade is somewhat changing . Tho atooka in tho Cloth-hall are not so large as heretofore , and tho sales proportionately loss . The reason is , that tho merchant aird factor do businoss direct with oaoh
mnry . Tho total exports of cotton pioeo-goods and yarns for tho month sum up 100 , ( 188 packages , against 82 , 210 same timo last your , mid Oft , 87 : 2 in l 8 . H ) . Tho Incronso ia principally inudo up by tho largo shipments to Calcutta nml Bombay , Calcutta having taken 21 , 527 packages against 7 ' 2 ( S 7 , ami Bombay 12 ,-M 8 ngauiBt 70-12 . To Shnnghno thoro is also an Inoreaso of 1000 package * in tho month ; to Constantinople of , 2730 ; nnd to New York of 8040 . On tho othor hand , thoro ia
other to a . greater extent than in previous umos . Nottingham , —Tho laoo trade ia still depressed . A fow American orders have been given out , but the Ger ' innn ' purchasers are comparatively few in number . The manufacturers nro thinking about stock-taking . *¦ " « hosiery trade h neHve . . LKiCKSTKu .-The stocking I rod . ) continues very aotivo . Tho operatives nro in full employment , nt tho full rate of Wi . b <* , an advanco of la . Js expected to bo clomnnded by thorn , which will most probably bo acceded to .
meal when imported , tho merchants and dealers pro-Jiobo at present moroly to conclude nil thoir own contracts according to this rulo . Thoy help themselves . Wo hopo thoy will succeed in making Its uso general . While thoy wore recommending , howovor , nn alteration of tho duty on corn and moal to 2 Jd . por lOOlbs ,, it is a pity thoy did not rathor propose to got rid of thla last " rug of protection . " At luuat , if statisticians must bo gratified by public oflicor « hooping an account of all corn importod , thoy might hnvo Biiggoatod that it bo rocluci'd to tlio + owost coin of the realm . As a counter , a farthing por lOOlbs . would be as good us a shilling a quarter , and it would approximate our laws to that free .
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Citation
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Leader (1850-1860), Dec. 4, 1858, page 25, in the Nineteenth-Century Serials Edition (2008; 2018) ncse2.kdl.kcl.ac.uk/periodicals/l/issues/cld_04121858/page/25/
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