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No. 457, December 24, 1858.] T H E L E A...
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GENERAL TRADE REPORT. London, Thursday E...
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RAILWAY INTELLIGENCE. Tub North, West, a...
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Collision on tub South-Wustijbw Railway....
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HOME, COLONIAL, & FOREIGN PRODUCE MARKET...
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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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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No. 457, December 24, 1858.] T H E L E A...
No . 457 , December 24 , 1858 . ] T H E L E A P E > . 1425
General Trade Report. London, Thursday E...
GENERAL TRADE REPORT . London , Thursday Evening . According to the latest advices from the United States , both cotton and flour were dull , and the markets in favour of the buyers .. To those who are well aware , as we have endeavoured to-point put , that all trade depends on the quantities of commodities—oras the Americans say , " stuff "—produced , and who know that the convulsion of 1857 began in America , and was immediately brought on by short crops of cotton and grain , the present prices of these two articles in the States , and the condition of the markets , will appear satisfactory . They betoken a further revival of trade in America and better times . They indicate a comparative
abundance of two of the great staples of trade . So much of the trade of Europe now depends on the States , and prosperity there , though momentarily interrupted , is so sure to expand , that its commencement is equivalent to further progress in Europe . Accordingly , we- are told from Paris this week that tire commercial report may be regarded as satisfactory . The retail trade is , as usual , lively at Christinas time , and it is anticipated that the transactions of the principal dealers will exceed tliO 3 e of the corresponding period of 1857 . The stocks of European goods in the United States are nearly exhausted , and some inquiries have already been made for South American houses . The manufacturing advices are favourable from Rouen and Mulhousc , and large arrivals
of cotton at Havre have caused a fall in the price of the raw material . The looms at Lyons are in active employment , insomuch that they can only take orders for distant dates . A similar movement is reported at Amiens , Rheims , and Roubaix . Goods in general have risen in price in fhe seaports . Havre is recovering its activity . Raw colonial sugars are iu demand there . Coffees tend upwards . Wine continues to arrive at Bercy in considerable quantities . "Wool is scarce . Silks have an upward tendency . Oils are inquired after at increased prices . Soap has recovered from its recent l
decline . Leathers are at improved quotations , as aso are hops . Tallows are in improved demand . This improvement abroad accompanies improvement at home , and as every progress there is advantageous to us , we see with satisfaction that a company , with Lord Ward at its head , to irrigate , by the waters of the Rhone , the vast tracts of ground from the Ardeche to Nismes and Aigues Mortes , i 9 on the point of being formed . These districts , naturally fertile , with a magnificent climate , are unproductive from drought . The enterprise for fertilising this parched soil has the support of the Emperor , and the best results are anticipated from it .
The late Customs returns in the Moniteiir , for November , show a slight increase in the revenue for the month as against November , 1857 . The shipping in the eleven months shows an increase of French tonnage , both entered and cleared , while in the foreign vessels there is a decrease in the entries and an increase in the clearances . When people suffer they are sure to he heard of , and the quietness generally in our manufacturing districts is a certain sign that trade is not otherwise than flourishing . In comparison with lust year , at this time , it is in a very prosperous condition . Our corn markets continue dull , notwithstanding a large consumption . The supplies , therefore , are abundant . Colonial produce , too , continues * ateady in price , though the demand is largo . Jute , which is a substitute for hemp , has risen 15 a . per ton . .. . .... t . be said to bo
The trade of tho country generally may in a heulthy condition . Our next report will be told in n new year , and then wo shall begin to look for that increased activity which has been anticipated for so ninny months , and which , from present appearances , seems most probable . It is quite evident that tho feeling which has actuated manufacturers , homo buyers , hnd exporters throughout the year has been ono of extreme caution . Tho discount houses and the joint-stock banks , which are among tho boat evidences of the condition of trade , all conour in tho ptutement that tho general 4 ulness of the money market , tho low rate of interest , and tho abundance of money have not arisen from nuy indisposition on their part to afford full commercial facilities , but really and truly because manufacturers and merchants have cautiously abstained from speculative business , and have limited their
transactions to what may bo termed tho ordinary requirement of coinmorco , which , of course , owing to tho late crisis , has been more restricted than usual . But within tho luat few weeks trado luia been very good ut Manchester and other districts in which goods aro mi \ do suited to tho China , India , and Gorman markets . Tho largo purchases for India and China niny be easily accounted for ; they have arisen through tho chock given to busineas by hostile operations , which having nearly subsided , the markets , which aro somewhat bare , h « vo roquirod to bo" thoroughly replenished . It must not bo disguised , however , that an opinion is gaining ground that wo aro Bonding too many goods to tho JSnst—that wo aro HMy , if more caution is not exorcised , to establish a similar glut in the Ghjnobo and Indian markets to that which has boon oiFootod In Australia . Bo that as It may , tlioro can bo no doubt that tho activity which hue manifested Itaolf ia based ou tv sound foundation , and that tho shir /"
merits which have been made , and are about to be made , are the result of a careful calculation of the condition of the markets . Liverpool . —Business has been very fair , considering that we are on the eve of Christmas . Sales of cotton continue to take place at an average rate , and at the advance in price which has recently been established . Manciiksteb . —There has been no decline in the active demand which has lately prevailed for cloths and yarns suitable to the Eastern markets . Shirtings , long-eloths , T-cloths , printers and lighter goods are all in request for India and China , and to those sellers who can furnish early delivery an advance of l £ d . to 3 d . per piece has been conceded . We believe that stocks are
unusually light , and that purchasers cannot provide themselves with what they require , and manufacturers will not enter into forward contracts very readily . From the appearance of the market , from the large orders on hani and in process of execution , the current opinion is derived that no very material change in the existing activity is likely to be expected until the turn of next spring . The demand for yarns of all qualities is steady and general . Those fabrics and qualities best suited to the India and China markets are especially in demand , and an advance of jd . ¦ to $ d . has been obtained . The open weather for the season has brought German buyers into the market , and cops for early delivery for home trade are in request at an advance of Jd . to * d . per lb . A ready sale is found for fine . and doubled j'arns at better prices .
Leeds . —^ Stock-taking and balancing ledgers appear to be more thought of than business . Nevertheless , there has been a fair trade done during the week , and the attendance of buyers has been by no means sparing . The genera } condition of trade is throughout satisfactory , and the . future appears to offer a very " hopeful prospect . Nottingham still continues to have a brisk trade for hosiery , though not quite so bustling as the last few weeks . Leicester . —The lace trade still drooping , and without present prospect of activity . ¦ ¦ '
Birmingham and Metal Districts . —The trade , generally , is restricted , but good of its kind . The iron trade , especially the Welsh masters , are well employed . In the coal districts the strikes are dwindling away , but we' are sorry to say the same folly is hor « and there exhibiting itself in some of the manufacturing districts . A temporary strike took place in Messrs . Ormerod ' s mills , near Todwarden , but we understand the operatives were very soon inclined to listen to reason . Glasgow . —The cotton market has been active and firm , and prices have advanced about Jd . per lb . The stock of goods and yarns has so sensibly diminished in consequence of recent purchases thaj the advance submitted to by buyers has been since very well maintained . The iron market has been affected by speculative purchases , but prices are firm . It is expected that the annual circulars will show a very heavy stock on hand ,
Railway Intelligence. Tub North, West, A...
RAILWAY INTELLIGENCE . Tub North , West , and South London Junction Railway Company , for uniting the Kent and Brighton lines with the Northern and Western lines at Hammersmith , have issued their prospectus . The proposed capital is 700 , 000 £ , in 10 / . shares , of which the London and North-Western Company have agreed to take 100 , 000 / ., the Board of that company , as well as of the North London , having sanctioned the undertaking , each agreeing to nominate two of their body to join tho direction . The intended route is from the Greenwich lino at Spa-road , through Camborwell , Brixton , Claphani , Battersea , and Walhain-grecn , to the Hammersmith station of the West London Railway , whence communication will be effected to the Great Western and North-Western lines , and also to the North London , thus making tho circle round the suburbs of the entire metropolis complete , with tho exception of the break between the Fonchurch-street and London-bridge stations .
Paris advicoa allege that the new convention between the Government « nd tho Southern Railway Company of Franco has been signed . An extraordinary general meeting of tho shareholders of tho North Easlorn Railway Company was hold at York , on Tuesday , for tho purpose of considering the propriety of applying to Parliament for power to construct , in tho West Riding of York , a branch lino of railway to Putdly-bridge from the railway from Leeds to Tliirsk , and cotaiu branch railways to connect that railway with the Church Fonton and Harrpgate branch , and givo Ilarrogate a through line of railway communication . Aftor considerable diacuaaion roaolutions wore carried oinpoworing tho directors to take measures for their construction ,
Collision On Tub South-Wustijbw Railway....
Collision on tub South-Wustijbw Railway . —On Wednesday a coJUaion occurred at tho BaaingstoHo-Btatlon of tho South-Weatorn Railway . Tho Southampton train arrlrop at Basingstoko shortly beforo ono , just as tho Salisbury and Andover train , was bolng ahunted . A collision wao tho consequence , resulting In tho dostruotlon of tho break-van and damage to the o « rrlago 8 , besides injuries to several passengers , some of which , hQwovor , vroro of a Tory serious nature .
Home, Colonial, & Foreign Produce Market...
HOME , COLONIAL , & FOREIGN PRODUCE MARKETS . REVIEW OF THE WEEK . Mincing Lane , Thursday Evening . This has been a kind of finishing-rup week in most of the leading markets , in which the business of the present year has been brought virtually to a close . The transactions coming under review since , our last , like those which may intervene between this and the opening of the new year , must be regarded merely as eddies ,
affording but an indifferent criterion of the broad current of trade . There are however some features even in these irregular operations which are not altogether without significance . One in particular is the marked absence of any important sales for immediate cash , which usually predominate about this period , especially ip speculative times , and this may be taken as fair evidence of the bonafide character of the year ' s trading in the aggregate , as well as of the firm and healthy position in -which most of our principal markets are left at its close .
Corn . —In the general dealings very little change has occurred this week , the buying being still confined principally to immediate requirements ; but the tone of business has been better . With English wheat the market has been only moderately supplied , and a fair clearance was effected -without difficulty , at quite the previous currency . Choice heavy old white samples brought 49 s . to 50 s . ; prime selected new , 46 s . to 48 s . ; good runs , 44 s . to 45 s . j damp , 41 s- to 43 s . ; prime heavy red , 42 s . to 44 s . ; runs , 40 s . to 41 s . ; inferior , 37 s . to 38 s . Foreign wheat , of which the imports were by no means large , was more firmly held , the choicest Dantzie for 54 s . to 55 s . ; prime , 50 s . to 52 s . ; Brabant and Louvain white , 44 s . to 46 s ^ ; red , 42 s . to 44 s .,- French red , 40 s . to 42 s , ; St . Petersburg , 40 s . to 41 s . ; Archangel , 34 s . to 35 s . Flour has been sold rather more freely , although not extensively , and prices are generally firm , the top
quotation of town made at 40 s . ; town households , 33 s . to 34 s . ; country households , 32 s . to 33 s . ; Norfolk , 27 s . 6 d . to 28 s . 6 d . ; French , 33 s . to 37 s . per sack ; American best brands , 24 s . to 25 s . ; good , 22 s . to 23 s . ; sour , 20 s . to 21 s . Malting barley is steadily supported , choice qualities being , somewhat scarce . Grinding samples are however pressed for sale , and have declined Is . per qr . Malt is without quotable change , select "ware" bringing 67 s . to 68 s ., fine samples 64 s . to 65 s ,, the inferior grades being still neglected . Beans are again Is . per qr . lower for any but the best qualities . Peas are less in demand , and barely supported in value . With diminished arrivals of oats , holders are firmer , but the demand is slow . The few sales effected have been at full prices . The foreign advices refer to drooping markets generally , but owing to the low prices ruling here , shipments continued upon a very limited scale .
Seeds .. —In linseed the business passing is of very moderate extent , but prices are pretty steadily maintained , fine Bombay seed commanding 55 s . ; Calcutta , 52 s . to 53 s . Rape seed moves off , in retail quantity at 54 s ; for Calcutta , and 63 s , to 63 s . 6 d . for fine Bombay . Oil cakes are generally held for late rates , but meet only a limited demand . Trefoil and clover-seeds are more in . request , and would command fair prices , but there is not much disposition to sell . Hops . — -Fine qualities have been in improved demand , and rather higher prices have been obtained . In other grades there has also been more doing but without alteration in terms .
Live Stock . — -The stock at market this week has been of the ordinary average , and the Christmas markets having supplied the present demand , trade has been quite of a nominal character . Quotations aro in all eases lower . The following were the numbers on sale , and the current prices : — Monday . Beast . Sheep . Calves . Pigs . 8 , 260 10 , 750 193 3 S 0 3 s . 8 d . to 53 . 0 d . 3 s . 3 d . to 5 s . 0 d . 4 s . 2 d . toBs . 2 d . 3 s . 0 U . to Us . 8 d . Thursday .
756 1 , 530 130 W 0 8 s . 6 d . to 4 s . lOd > 38 . 8 d- to 4 s . lOd . 3 s . 8 d . to 4 s . 6 d , 3 s , 0 d , to 3 b . 8 d . PnoviBfQNS . —The weather having been close , the show in the dead meat markets has been upon a smaller scale than would otherwise have been the case , although tho quality has been of the usual Christmas character . For the season trade has ruled dull , and prices comparatively low . Beof , 8 a . 4 d . to 4 s . 4 d . ; mutton , 8 a . 8 il . to 4 s . 8 d . j veal , 3 s . 8 d . to 4 s , 8 d . \ pork , 8 e . 4 s . to 5 b . por 8 lbs . by tho carcase . , SuftAR .- —Considering that the buying at this penod ia restricted as closely as possible to tho bare sufficiency has boon
for immediate requirements , ft fair demand oxporionced , and with few exceptions prices liavo been well eustained . The public sales , although showing a slight increase on those brought forward of late , have boon upon a strictly moderate scale , and tho market closes therefore with aigne of uudimlnlahod confidence on tho part of holdors . Good useful qualities of both grocery and roflnlng descriptions aro saleable at full terms , but Inferior grades nro noglooted , and slightly ohonijor . Tho deliveries oontinuo favourable , and t- ' ie stocks have bo far shown but a slight increase from late arrivftlfl . TUe oalca of West India for two tmk « w «
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Citation
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Leader (1850-1860), Dec. 24, 1858, page 25, in the Nineteenth-Century Serials Edition (2008; 2018) ncse2.kdl.kcl.ac.uk/periodicals/l/issues/cld_24121858/page/25/
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