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GENERAL TRADE REPORT.
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London, Friday Evening. The markets have...
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RAILWAY INTELLIGENCE.
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The directors of the London, Brighton, a...
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East Kbnt RAHAVAY.—Oporations have comme...
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HOME, COLONIAL, & FOREIGN PRODUCE MARKET...
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REVIEW OF THE WEEK. Mincing-lane, Friday...
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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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xo ;^ 121
General Trade Report.
GENERAL TRADE REPORT .
London, Friday Evening. The Markets Have...
London , Friday Evening . The markets have all been quiet this week , and have all raS gone lower . To-day tea andoats are the only exceptionsto the rule , and these two articles have been fir have for the first time , in an extremely interestins circular concerning the grain-market published by Messrs Home and Watney , an attempt made to esti-S " he quantity in stock in London . These ; gentlenien sav - -- "W have taken the trouble to ascertain as carefully as possible the stocks of grain and flour herJin warehouse on the 31 st of December , 1858 , and We are indebted to the public aocks and private granaryestimate of
BiBMiNGHAM .-r-Business continues tolerably brisk in the : hardvcare trader In the iron districts a good deal is doing for foreign and eplonial 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 out 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 .
keeners for their assistance . We gram all kinds , in round numbers , at 680 , 000 qrs . ; of which , wheat , 230 , 000 ; barley , 60 , 000 ; oats , 320 , 000 ; rye , 11 000 ; maize , 23 , 000 ; beans , l 6 , p 00 ; peas , 7400 ; the balance consisting of millet , dari , and tares . j 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 any comparison with the stock or iand 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 enjoyed by the people . " ' from the manufac
We have not very much to 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 , th at peace will not 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 fur export and 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 Scptch wool have been restricted , but prices remain without sensible alteration . Manchester . —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 ¦ pinners have their hands full for a couple of months to come , but there are still larg < £ ordera ready to be given out whenever the 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 are 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 tho continuance of peace . Leeds . — -The trade in cloth has not shown any ma . ter . ial variation this week . Tho Cloth Halls have been tolerably well attended by buyers , and a fair trade at fair prices has been done both in wools and cloths . Tho majority of tho manufacturers are well supplied with orders , Tl » o demand during the early part of the week ran on light fabrics and moderate priced goods principally ; in ordinary' cloths , however , a fair business has been done . The high price of wools , especially lustre wool , restricts business in tho finer fabrics .
Bradford . —The Bradford Chamber of Commerce 1 > 88 recommended tho formation of an association for the encouragement of the growth of long wool . In "worsted yams nothing new has turned up . Spinntra ore well employed , ao are manufacturers on piece goods . Prices are well maintained . There appoars to bo a doubt whether tho high price of lustre wool is owing to Warcity or to speculation . The subject will bo considered , fully and the doubts cleared up by investigation .
Novroiq , HAM .-- ~ Tho hosiery trade still continues vory brisk , both as respects articles for foreign and homo consumption . Tlno operatives are in full work , at good wages . ' In the various framo-knlttlng districts tho Hosiery trade is jrenorted tp bo active . LmoB 8 TJBn . ~ rTho hosiery trade i » still active , and the demand continues unchecked . Yarns are in demand , » n , a spinners fully employed . Tho lace trade ia dull , but _ improvement ia looked for . Indeed , there has boon rather more business done this wools thun usual .
Railway Intelligence.
RAILWAY INTELLIGENCE .
The Directors Of The London, Brighton, A...
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 them to retain these and carry out the undertakingj 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 73 , 0007 , and the line is to be completed by September , 1860 . The works-on the West 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 Wolverhampton Railway Company for tho 10 th February , at Worcester ; and that of the Rpyaton and Hitchin Railway Company for the 14 th February . The state of the Lombardo-Venetian Railway revenue , owing to tho transmission of troops and stores , has been extraordinarily favourable . The report of tho traffic receipts for the week ending tho 14 th inst . show 9953 / . against 5589 / . iu 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 be excluded from . using tho joint station at Portsea for so much of their Portsmouth traffic as may come from or proceed to their own line at Godalmlng ; but that } t may be closed against the short traffic of tho Portsmouth company . The section of tho Great Indian Peninsular Railway from Poona to Deksal , forty miles in advance in tho direction of Shol & poor , was opened for traffic on the 15 th inst . For tho present no night trains will run ,
A . doputation from Preston respecting the Lancashire and Yorkshire and East Lancashire Railway Companies Amalgamation Bill had an interview with the Right Hon . J . W , Henley , on Thursday , at thp office of the Board of Trade .
East Kbnt Rahavay.—Oporations Have Comme...
East Kbnt RAHAVAY . —Oporations have commenced at Lyddon-hiH . Oao of tho contractors next week will have about a hundred and fifty men at work . Tho tunnol will be about ono inilo and a half in length , and is to bo completed in eighteen months * Nkw Spanish Link . —At Madrid , on tho 11 th inst ., the draught of a law was proposed to tho Cortes by M . Montoslnoa for tho construction of a railroad to connect Madrid with Portugal by Badnjoz . Tho lino had boon already voted by the Constituent Assembly , but tho now plan proposes tp facilitate this important construction by augmenting tho subsidy to bo paid to tho company that may undertake it . FuiDNon Railwa y s .-r-It is announced that tho section of tho railway from Mosnidon to Argontan , on tho Western Railway , trill bo opened to tho public on the 1 st of
February next . This will complete the section from Mans to Mezidon , and thus connect the two great lines of Kormandy and Brittany . The Council of State has adopted the line along the coast for the railway to be constructed between Rennes and Brest .
Home, Colonial, & Foreign Produce Market...
HOME , COLONIAL , & FOREIGN PRODUCE MARKETS .
Review Of The Week. Mincing-Lane, Friday...
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 freely 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 .
Corn . —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 , and the supplies of all descriptions from the home counties have been exceedingly moderate . Choice old white wheat is still quoted 50 s . to 52 s . 5 prime dry new , 47 s . to 49 s . ; runs , 45 s . to 4 . 6 s . ; choice old ted , 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 , was . 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 , 4 Is . to 43 s . ; St . Petersburg , 4 . 0 s . to 4 Is . ; Archangel , 34 s . to 35 s . per quarter . Flour has met but a slow demand , and although general quotations : are retained , buyers have , in some cases , had the turn of the market in " their 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 6 d . advance . Fine malting
samples are scarce and 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 , and the deliveries 10 , 983 quarters . Beans have sold more freely at a partial advance of la . per quarter . Peaa are in moderate demand for stock feeding , but white boilers are dull of sale , and rather cheaper , partly in consequence of the mildness of the weather . The supplies of oata 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 . 5376 — 10 , 498 Barley „ 4212 — 6910 Malt ,, 18 , 154 — 18 , 154 Oata , „ 6295 — 10 , 52 * Beans „ 686 — 1655 Poaa „ 815 — 816 Flour .. , ska . — , Ditto brls . — — LONDON AVERAGES . Qra . s . d . Wheat 8222 at 44 10 Barley .... 908 „ 84 1 Oats 1406 „ 24 8 Boons 452 „ 36 8 Poos 17-1 „ 44 4 . Sjskds . —The week ' s imports comprise 9800 qrs ., of which 6650 aro East India 5 1850 Black Sea , and 200 Mediterranean , but fifteen cargoes , together 40 , 000 qrs ., have reached tho coast from tho Black Sea and Azoff , which have rathor damped tho market . Five of the cargoes wore sold yesterday at 52 s . to 58 s . 8 d ., delivered U . K . On the spot Bombay ia 65 a . to 55 a . 0 d ., and Calcutta , 52 s . to 58 s . per qr . With tho oontiuuod favourablo woathor for tho growing Raposood crops on tho Continent , holders aro more disposed to sell , and flno sound Calcutta seed offers at 52 s . to 58 s . 5 flho Bombay , 03 s . to 68 s . Cd ., inferior to good , 45 s . to 66 s . Linseed cokes aro in limited demand , but firmly hold : barrels at 10 / . to 10 / . 8 s ., bags 9 / . 16 a ., flno Western , 9 / . to 91 . os . Potatoes .- —Tho supplies aro pretty good , and ttoo
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Citation
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Leader (1850-1860), Jan. 22, 1859, page 25, in the Nineteenth-Century Serials Edition (2008; 2018) ncse2.kdl.kcl.ac.uk/periodicals/l/issues/cld_22011859/page/25/
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