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I No. 444 > September 25 j 1858.] THE X,...
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f GENERAL TRADE REPORT. I London; Friday...
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THE METAL TRADE. j ' COPPER. The associa...
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Messrs. Truwian and Fry state there ia a...
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English and Dutch TE^BcmAMi.T—The W. Cor...
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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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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I No. 444 > September 25 J 1858.] The X,...
I No . 444 > September 25 j 1858 . ] THE X , E 'A . I ) E H .
F General Trade Report. I London; Friday...
f GENERAL TRADE REPORT . I London ; Friday Evening . § The accounts froni all parts of the country are again I extremely satisfactory . As far as regards the linen and B woollen manufactures , there has been a partial degree of reaction ,, owing to -purchasers having had their opera-I tions arrested by the extreme firmness of prices ; but the suspension of dealings , besides being partial , is only tem- m porary . The fact is , there is a growing demand for linen and woollen goods , which w ill be supplied , for the neneflSifcitis ci € onn « iimpra ro / inira fkam \ xr ^ ^^ A . / trA 4 . A I
] I J » : 'the advanced prices asked for India goods , there has been little or nothing done in them during the week but as manufacturers generally are free of stock , and in many cases under contract , there is no disposition , especially in the face of an advancing cotton-market , to give way , and we have consequently to report a quiet but very firm market for these goods . In other descriptions there is no change to notice . There is perhaps not quite so active a demand for T cloths and long-cloths as we have had for the last few weeks , but the production is well engaged , and prices are firm with an upward tendency . " Messrs . George Fraser , Son , and Co . report : —" There I is not much change in prices since last Tnfisriav h ,, « J
JLUIJL . form T nOt he ' acceded to- Buyers <* ' « ght linens bowlT ^?'* , at hi S herrate * than they could be seoSntlt t We - ; but buyersare holding back , conand T . & J u- i nOt much business . Printing lawns Realised f ercl ? lef 3 in moderate request . Roughs have low The a H VanCe ° * ' yard - Stocks *™ very chicked 1 t ^ . 1 u » ed for white linens has i ppi i l i i i Lrii ™ ! ' . intain , * ?«• advance % St the demanl iiuL animated
anticipate that we shall see in these branches a similar result to that which has alread y occurred in the cotton trade , and which must always occur at seasons when a scarcity of the raw material is accompanied by a general fall in stocks ; That is , after each period of comparative dulness , caused by the unwillingness of purchasers to accede to the manufacturers' terms , a new starting point has arisen based upon those higher terms , and an I active business recommenced . So far as we can see this is extremely likely to be the case in these instances , for commerce , like history , more frequently repeats itself than is commonly suspected . In the cotton trade , m indeed , something of the same process is again indicated m in the subjoined reports . The raw material has par-M tially advanced again this week at Liverpool , and the effect is seen in the firmness of the Manchester spinners ' M prices for their yarns , and in the difficulty which the * Manchester manufacturers feel in obtaining corre-M sponding terms for their goods . Yet no one can be found to doubt that if cotton keeps up , as is S more than probable , those prices must be given . M How can it be otherwise , when the whole of Europe
yarns are on the whole dearer . For goods the demand is evidently less active , being checked by the recent large advance in prices . Buyers are evidently disposed to hold aloof , and sellers are in some cases more wishful to book orders . " In Leeds there has been considerable activity , though the attendance of merchants in the halls has not been very important . Current quotations have been maintained in all descriptions of cloth . Fancy articles are | still m demand , and those among them which show any I peculiar excellence in pattern or material , have obtained rather higher rates . A good winter trade is now a matter of certainty . The meeting of the British Association here this week proves rather an impediment to busmess , as some of our manufacturers , being fu ll of visitors , have kept away from the halls . At Bradford there has been more quietness in the wool market than for some time past , the high prices having caused a pause . Quotations , however , are very firm , especially for bright-haired sorts . Spinners and manufacturers are unable to realise adequate profits unless they can obtain a commens urate advance for tueir nicn
~« o ueen aurmg the week ; in most cases S u on PmiierS are WOrkin S "P orders Previously enl Toe flax market of Dundee has been very firm throughout the week , and a fair amount of business has been done at very free prices . The accounts from the various foreign markets continue to be of such a nature as to afford no hope of any relaxation in the value of the article . We have had several arrivals since our [ last , and the imports have always obtained higher prices than prevailed last year . Tows and jute are in demand at firm prices . A very large amount of business has been done in yarns at imposing prices . More has been doing in linens ; and though prices are" scarcely to be said to have advanced , holders are decidedly more firm in their demands . -ixr , t is no chan S importance in the Birmingham , Wolverhampton , and Sheffield trades ; but the home demand for goods continues to improve , while most of the leading houses are better supplied with foreign orders . As yet , however , employment is not quite fullbut some branches are very active , and are working _ . . ™ v iuc ucnittuu
M is requiring yarn , aBd the whole of India , Australia , and m China are wanting goods , to say nothing of the ordinary I requirements of the home market ? We therefore see nothing in the mild complaints from Bradford , Rochdale , m and Leeds , but the natural operation of an ordinary commercial law , which involves no real hardship , and to which all parties must alike submit . From the iron and hardware districts the accounts continue progressively favourable ; and it may sound strange after what we have heard thence for many months past , but the fact is , they are extending their works by building new fac-I ^ T -i . m the ^ "Pat " of a more extensive trade . lne silk trade is also improving . Indeed , all the great industries of the country are well engaged , and they are almost certain to be so for the remainder of the I J - 1 The state of the money-market encourages this ex-j xi traae
gooas , w merchants this week have scarcely been disposed to pay . This is the sole cause of the quietness of the market ; spinners and manufacturers remaining very firm in their requirements . At Huddersfield , however , there has been a numerous attendance of bnyers , and the same activity continues which has prevailed during the last five or six weeks . I Numerous orders for winter goods are in hand , and all the factories are full . Wool of all sorts , therefore , continues in demand , and the advanced prices are more f readil y obtained . The worsted trade of Halifax shows no material change , though the woolstaplers have been doing less owing to the prices required . But , as at Bradford , the bright-haired and finer qualities are in demand , and quotations have an upward tendency . The manufac- turers are well employed . Most descriptions of goods J uBiuauuwinter
_ _ ,. runs mainly upon useful articles . In Birmingham extensive new manufactories are rising up in all parts of the town and neighbourhood , and many are now in course of erection . It is partially the same at Wolverhampton and Sheffield . This fact is pretty conclusive evidence that renewed prosperity is anticipated , and , so far , appearances favour that expecta-I tlOu * ¦ ¦ '_ ¦ ¦ The iron and lead works of North and South Wales are fl V ourishin Pied ' Some of the lead works ^ ^^ tshire In Glasgow a large business has been done jn iron during the week - at steady prices The same may be reported of its cotton manufactures . The Staffordshire potteries are fully employed The SSSL eartheaware from the Australia ^ colonies
a peccaLion . required it , any conceivable amount I of capital would at once be forthcoming , at very mode-1 rate rates , for its d evelopment ; but , from the causes at , I which we hinted last week , the assistance is not needed Trade is too sound and too profitable to need resort to ' artificial capital , and it will so continue as long as the pro ' duction remains , as it now is , below the necessities of the I public . Money , therefore , is rapidl y accumulating , and in proportion as it is accumulating is the difficulty of finding i employment for it . The supplies will be further increased I "J October b £ the di 3 persion of at least 6 , 000 , 000 * . in I 111 * % ^ apka 1 ' therefore ' " likely to be cheaper I STt'ifT i ' f ? « , 1 S extr ^ ely probable that he I Bank of England will follow the example of the Bank of Irance and reduce its rate of discount , in order to I get out some portion of its enormous reserve . But in I ? S ff on ' conditio » of trade , we do not think this ' ex-I SS wiU tempt people to commence a system of dia-I counts which would compel them to foi ™ « t ™ i « ?„„
« . v .. x a .. c « uy , ana autumn qualities being chiefly in request . Stocks are certainly not ac-I cumulati ng . Yarns are stiff in price , as may be expected from the prices of the raw material , and the [ spinners have as much as they can . do to execute contracts made , a week or two ago . New contracts they will not take except at an advance . i At Rochdale there are great complaints of the advanced prices required for wool ; but staplers continue very firm , saying their stocks are light , and that higher terms may yet be looked for . Broke * of good quality command high prices . The flannel trade of the district I 2 ! "ues e ? aot . « as a J ™ y Period within fhe last two I months . For the finer classes of fancy flannels , for light goods generally , and for unions , the inquiry is exceedingly active , and large quantities have changed hands in the course ot the week . The price only stands in the way of even a greater business ; and some ' manufacturers declare they will sooner run their mills sW *
, me sole profit of the money-dealers and jobbers . In Manchester the general advance in prices , which SLSTbSf ^ M occurmI ' been »™ y «« * Jviat It „ ?• v 0 CUrr ° . woek there hna bee » «> mo-» snlnLi a , ct | V 1 ^ ° ™ nff to the terms required by [ ttoTr ?" manufuctu ™ 'f- The check to business ^ xZbStL S 7 ft P paront ' « ff »» h «< l "o advance boon SS ^? * T > «« t » OM would certainly have been un-C £ ft ° Xtem - Ver ^ « towiv- orders , pu - ho ! Sr £ S J *™ ' * * ? M the lmoda . of . the . agency thJ } ZL T ° . made l « rgo sales at AU . to id . por 1 b . over oompefi J h ° homo tr . ttde »« vo al 8 o found themaolvea tffliSweok ^ or lT ly ' to r >'» -i > erlb - »> or ° i turow havoWn » ™ ° OUnte - l < or «^ ha manufacbeing faU of oiS- ? *? Ins t 0 mako any concwwion , taken £ por itll less Th ° ° P 8 cril ) tioua tho ^ httv « nn , i ^ ' i ..., ' P ! P ? ' Ane manufucturoraof sl . irtin . ra
time than make goods at present terms , if the raw material continues to go up . The general tone , however , is a little more cheerful than this ; and there wouM be perfect contentment if wools would but go down a little AJut or that there is no present prospect . The ribbon weavers of Coventry have not yet terminated their differences with their employers , consequentl y this particular production in that town is not improving ; but the demand is being supplied from other placos , and niorch . injs find no .. difficulty " in placing . their orders .-In Spitnlfields there Je nn Increasing make of velvets for winter . From Maoclesfleld , Middloton , Congloton , and the other seats of the silk trade , tuo accounts are generally satisfactory . Tlio luce and hosiery trades of Nottingham and LoicoBtor are becoming more promising . There is every probability of an advance in the prices , and of tho de-| maiid being conceded , as stocka are , on tho wholo , very light , and yarna nro advancing . As far aa lace is ™ . cornod
Sio . o itSLtSg weft" ° ft b 3 tttlned fi »« n Author pur : « U clatHHis of aplnnera ar « 2 l \ l l " juat iHtin > ntod , Upecially « a ^ Z ^ Z ^^^^ ^ * ' < Ho tho home ** tmdo , h « S Ln lef K ! BUlted wssssm
the inquiry appears to run principally upon plain Tho Irish linen tradu la good . In hand-loom mnnufttoturoa thoro has boon a fair domand at Bolfaet , for pnrios very tIrm . PrlnUng'lawiw and cambric handker * ct > lol « arc Al « o in very good domand , at ilrm rntoa . Manufaoturora liavo refuaod orders for light llnona for bleach ng at old rates ; « n advance oonaonuontly has peon obtiUnod , and atooks nro very low . Goods for dyoiiir , and Holland * , n « woll as honvy linens , are inroa o 'U ' imJ . WitllO , 1 0 ll ! "l fer 0 '" »> pIcOfl ' Powopiloom drills I now I !" ! Umvy » ' •« " « , manumoturers have boon obliged to decline ordora of largo oxtont , ow ^ to
The Metal Trade. J ' Copper. The Associa...
THE METAL TRADE . j ' COPPER . The associated smelters to-day reduced the price another £ d . per lb ., making the price of touch cake 98 / I per ton , and of best select 1011 . With * n ^ tne last ££ months the pneo has been reduced to this quotation from 126 L , and a buoyant market . The home-trade has a " l . <>^ d of Trade returns show a decreased export ; there is a large stock in France ; and the consequence will now be the stoppage of many mines , and ^ w * f - ? tl 0 Q m the Production of ores . The Sociecd Maritime , which had made a contract for 2000 tons of bar copper in chile , at a very high rate , has w-5 Sh * atBe P T ionB S £ the delivwes for non-com f ? an ™ o loss contract » but in reality to escape the heavy
Messrs. Truwian And Fry State There Ia A...
Messrs . Truwian and Fry state there ia an absence of oner * ' /? '" l ^ 7 ^^^ ° ° metfll m «^ et , but operations have become much more numerous , and there is an improved feeling generally . Iron . —Both Welsh and Staffordshire descriptions have been more purchased , and ^ elah has become dearer . Scotch pig iron has improved to 55 s . 6 d . caah ^^ S ^^ *^^^^^ . ^ . ... Ti . v . ~ There haa been a sufficient demand for foreign of Sato " 8 teaa y 5 EnsIisl 1 ' ° wevw is rather dull Spelter . —But little done , and market quiet . Lead . — A fair buainess doing , and pricea are firmer * ia ™ JQ h t : 2 r low ratoa there haye hGm ° o ™ ° « -
English And Dutch Te^Bcmami.T—The W. Cor...
English and Dutch TE ^ BcmAMi . T—The W . Cory screw stoam-ahip , acoompaniod by tho Reliance stearatug , have left Greenwich , having on board the eubmarlno cable to bo laid down between Dunwich , in , ^ u » Qlli ,. andrZandwoor ^ n--Hollandr- ^/ I 1 hlg ^ 7 tb 1 irriri '' 4 Q ' " " •' "' miles in longtli , weighs nearly 1400 tons , and ia tliorerore ton timea aa heavy per mile aa the Atlantic , and containa four conducting wires , Tun WmaTEitN £ ank . — The OremtooXi Telegraph loams that two accountanta who have boon ong % od for the' last six weeks investigating tho bank books ut the inatanco of tho coimnittoo of aharoholdora , Imvo presented a report to tho oftbot that tho oonoorn had beou bankrupt » bc or eoven years since . ,
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Citation
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Leader (1850-1860), Sept. 25, 1858, page 29, in the Nineteenth-Century Serials Edition (2008; 2018) ncse2.kdl.kcl.ac.uk/periodicals/l/issues/cld_25091858/page/29/
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