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Ko 466, February 26, 1859.] THE LEADER. ...
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HOME, COLONIAL, & FOREIGN PBODUCE MARKET...
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BEFIEW 'OF THE WEEK. ; Friday Evening 1 ...
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TTmWTTi nrYTmvTTAT o_ ¦nr-n--HOME, COLO-NIAI), & FOREIGN PPnTlTTPT? ''ir'PmQ rnVJJUpJU IVlB.UilJi.ie.
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Mr. 13.11. Thomas, agent for tho Punjuub...
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.
Additionally, when viewing full transcripts, extracted text may not be in the same order as the original document.
London, Friday Evening. Dyrxness Prevail...
Russia Italy , and Franee- ^ the effect the anticipated < HsrubtiOh of peaceful relations has been most marked . In some staple productions the manufacturers have ceased to manufacture , and , in consequence , much suffrrin" - has been entailed on the operatives . In the manufacturing districts of France the . depressing and T > aralvsin" - influence of the apprehension of war has been so severely ielt as to induce the leading manufacturers to associate together for the purpose of malting- suitable representations to the French Emperor . We have not been permitted to have reports of these meetings and denutations , but we have good reason to believe they have not been wholly-without effect on the Emperor ' s mmd , though it would be absurd to predict they would be allowed to have any direct influence on a policy that appears to have been premeditated and decided upon for
some time past . The nations on the Continent are beginning to accustom themselves to -the idea of war > but the general feeling is that , for the sake of trade , war ought to be avoided ; and that if war does ensue it will be dictated by despotic and ambitious purposes , not entered npon for great national interests . Liverpool ,. —The cotton trade was very brisk at the beginning of the week , but Iras gone dull during the last twoor three days . The sales for export and speculation have been moderate , but prices have not given way . Manchester . ;—A report got abroad that the telegram from India gave an unfavourable report of the condition of the Indian markets , and that , inconsequence of the immense supplies already sent forwardv and on hand to be forwarded as soon as ready for shipment , nrices had eiven way in the Indian market . This
cheeked operations for the time , but a subsequent report contradicted the previous rumour , and made it appear that the Indian markets were very firm , and that the supply had not even yet equalled the demand . The spinners , however , are pretty well under engagements ^ and for the present can take no more orders . The contradictory reports , therefore , had little or no effect on the condition of trade . For all goods suitable to the India and China markets T-cloths and longcloths , Madapollams , iaeconets , & c , the markets have been firm , and the advanced prices are tolerably well sustained . As far as the home trade is concerned , there is no increased activity . One reason is that buyers do not like to give the increased price ; they reason , and not . wituout foundation , that the ; recent rise in raw cotton is not likely to be maintained in the face of the increased supp lies that we may expect from America . However , there has been a good demand for GO ' S and 70 ' s , arid in yarns a fair business has been done , Therehas been an average supdIv of orders for the German market , and this has
brought out yarns from that depression which they have sustained . Tradft may be considered to be altogether in a satisfactory condition . . Leeds . —The . cloth halls , white and coloured , have been somewhat thinly attended . The amount of business has been moderate , but prices have not given way . Bradi'OHD , —In the wool and worsted trade there lias been little change . For worsted yarns for home use an active demand lias been experienced , otherwise the markets have been quiet . The , export houses naturally keep aloof , and this , of course , prevents business in the export department from displaying anticipated activity . Nqttingham- —The lace trade is not quite so dull as it was , but improvement shows itself slowly . Fancy # oods are not in request . Plain goods only find a sale . The hosiery trndo keeps up a healthy activity . All useful goods arc in demand , and makers and workmen fully employed—the latter at good wages . This applies not only to this town , and Leipestcr , but to Sutton , Mans- * field , ai «| other districts where the manufacture of hosiery is carried on .
Birmingham . —The hardware trade is not brisk , but . altogether is tolerably well engaged . The iron districts—btaffordsli ire , Yorkshire , and Wales—are tolerably well employed . The foreign orders for railway materials will keep masters and men busy for some time . We regret to add that the coal strikes are not yet terminated , and that several other small strikes have occurred among tlie glass-blowers nncjl the shoemakers , particularly of the midland districts . Tho operative shoemakers are aggrieved at the introduction of the American sewing machines . " We trust , however , they will listen to the dictates of prudence and common sense , and npt give way to blind and unreasoning impulse .
Ko 466, February 26, 1859.] The Leader. ...
Ko 466 , February 26 , 1859 . ] THE LEADER . 281
Home, Colonial, & Foreign Pboduce Market...
HOME , COLONIAL , & FOREIGN PBODUCE MARKETS .
Befiew 'Of The Week. ; Friday Evening 1 ...
BEFIEW ' OF THE WEEK . ; Friday Evening . TnAtiw lacks animation . The prevailing uncertainty in which political mnttors are still involved renders buyers ¦ extremel y cnutious In their operations . On the other hand , holders of produce remain confident in tho future course of the markets , and show no disposition to press sales ; and , limited ns the existing demand is , tlio supplies brought forward aro oven more so . Quotations are , therefore , in neflrly every caso , \ ary fully maintained , and , although quiet , tho tone of business generally is decidedly healthy . Cohn . —Tho Jtresh supplies of English grain , although moderate , aro still'in Very Indifferent condition , and , iron ) this causa , urn more than adequate to the demand . To effect sales eosior prices are therefore accepted . The low prime dry Bomplea ottering command tholr full value , and are placed without ; dililoiflty . but business in general is dull . Foreign imports have also boon moderate , and luotors have hold for late rates , at which , however , salea
have been of only a retail : extent . No . improvement can be noticed in the Flour trade . The top price of townmade remains at 40 s . ; country household , 31 s . to 3 Ste . ; good seconds , 38 s . to 29 s ., and Norfolk ? , 27 s . to 27 s-6 d . per sack . French marks sell slowly at about late rates ; American brands are worth 22 s . to 24 s ., and sours , 21 s . to " 24 s . per barrel . Malting barley , of which arrivals ore still limited , is firm in price : fine seed samples also command a steady sale at quite late rates . Grinding qualities have arrived somewhat freely from Southern Europe , but have obtained steady prices when the condition has been good . Good useful descriptions of malt find a steady sale : fine " ware" at 66 s . ; prime ship samples , 63 s . to 64 s , ' low qualities from 54 s . to 57 s ., are difficult to quit . Beans have met only a limited demand , and prices liave given way fully Is . per quarter . The few choice qualities of Peas , adapted for seed , find buyers at full pneeswbut other descriptions have a . downward tendency . Vats have sold steadily throughout , the week , and quotations of all good samples are well supported . ARRIVALS . English . Foreign . Wheat qrs . 5 , 552 .. 2 , 600 Barley . ; .... „ 2 , 642 .. 8 , 711 Malt ...... „ 19 , 829 .. — Oats ....... ..,, 7 , 923 .. 7 , ofl 4 Beans . .... ¦„ . 1 , 183 - 14 b peas „ 346 .. 577 Floursks ...,, 18 , 733 .. 2 , 212 * Average . Wheat ...:.......... 3 , 267 ,. 43 ? Barley 2 , 975 .. 34 p * Oats ¦ ...... 1 , 305 .. 2 o 3 Beans :.:............. 348 .. . J 8 4 Peas ...... ...... 193 .. 43 7 Seed . —The prices of linseed remain steady , at 55 s . for Bombay , and 513 . 6 d . to 53 s . for Calcutta ; but in the absence of arrivals businesses restricted . In . Black Sea seed the dealings' have been unimportant . A large
business has been done in Bombay rape seed ; Guzerat is worth 61 s . to 62 s . on the spot , and 61 s . for arrival . Calcutta seed continues to arrive greatly out of condition , and general quotations are consequently wide ; but fine is held at 50 s . to 51 s . per qiiarter . Teel , sesame , and and Gingelly are dull of sale ; brown , 45 s . to 51 s . ; white , 52 s . to 57 s . ; poppy , 50 s . ; Niger , 36 s . Gd . to 37 s . 6 d . per quarter . Clover seed -has been in some demand select white commands from 80 s . to 90 Si and common 70 s . to 76 s . Spring tares more plentiful at 70 sto 72 s ., with select qualities up to 80 s . OiLCAKE .-r-A fair extent of business i 3 passing in linseed cake , and prices are unaltered . New York bags 01 . 15 s . ; Niger seed cake sells at 51 . 9 s ., cost freight , and insurance , and cotton seed cake at 51 . 2 s . Od ,, similar
conditions . , ,, '•¦ ,. Potatoes . —Arrivals have increased , and the markets are now well supplied ^ Prices are as fol lows , and the trade is ¦ rather dull : — -York Regents , 80 s . to 95 s . ; Scotch , 50 s . to 60 s . ; cups , 55 s . to 65 s . ; Kent and Essex , 70 s . to 95 s . ; French , 40 s . to 65 s . ¦ ¦ Provisions . —The dead meat markets have teen moderately supplied this week , and the weather having been more Ppen , trade in general has improved . Beef this morning made 4 s . to 4 s . 2 d . for prime ; 3 s . 10 d . to 4 s . for middling and good ; and 3 s . 2 d . to 3 s . 8 d-. for inferior to middling . Down wether mutton , 4 s , 4 d . to 4 s . < id . ; middling and good , 4 s . to 4 s . 2 d . ; inferior , 3 s . 4 d . to 3 s . 8 d . Veal , 4 s . to 4 s . 8 d . Pork , 3 s . 8 d . to 4 s . 8 d . been firm
Live Stock . —Quotations hnye , although the trade has not been over brisk . Of the beasts at market , some were left unsold , but the sheep were pretty well cleared off . Calves have sold at fully the recent high prices . Pork has been more saleable , but not dearer . The following were the numbers on offer and current prices : — Monday . Beasts . Sheep . Calves . Pipfs . 3 , 317 17 , 550 87 1300 3 s . l 0 d . to 4 s . l 0 d . 4 a . to fts . Od . 4 s . 6 d . to 0 s . 3 s . 2 d . to 4 s . 2 d . Thursday . 834 4 , 650 120 180 3 s . 10 d . to 4 s . 10 d . 4 s . to 5 s . 6 d . 4 s . Gd . to 0 s . 3 s . 2 d . to 4 s . 2 d . Taljuow . —In the enrly part of tho week tho market was rather slack } very little business was done on tho spot , the consumers , though still in want , holding off tiie market . There was rather more inquiry made fox tho lust three months ; but as sellers were scarce ^ very tow transactions took place . We close flat : 62 s . 6 d . spot , j 52 s . 3 d . to 52 a ( id . March ; 528 . 3 d . to 52 s . Od . April-June : 52 s . 3 d . to 52 a . Od . Oetober- * Decombei \ The public sales to day went off freely , and 211 casks sold . Australian besof , GO * . Od . to . 51 s . 3 d . ; mutton , 40 s . to 51 s . 3 d . Letters from St . Petoraburg quote 108 on spot ; 169 10 down for August . Exchange , 35 J . Mar ~ kot quiet . Town tallow , 54 a . Oil . Rough tat , 2 a . lQd . Melted stuff , 40 s . , *«« , , „ ' Oils . —Linseed oil commands a steady sale nt 20 / . , 103 .
on the spot , but many are not inclined to sell undur 20 / . 16 s ., but little is doing for future delivery . Rnpo oil is again oljerod , at rather easier prices ; foreign refined at 45 * ., and brown , 41 / . ; English brown , 40 / . and 40 / . 10 s . Olive oil is in better demand ,, and some 400 tuns linvo changed hands during tho week , chiefly of the loyvor qualities , and partly lor export . There aro now wither buyers of Mogadoro at 43 * ., and of Malaga , which , is scarce , ftt 48 / . ; Galllnoli is quoted at 40 * ., Toronto , at 48 / ., and . Corlu at 47 ? . Cocoa-nut Is flrray hold at 42 / . 10 s , to 43 / , 10 s . for Cochin j 40 J 108 . to 417 . iov Coylun ; and 40 / . for Sydney . Fine palm Is scarce , and brings 44 / . 10 u , on the spot . Vuv cnrgoeB on tho way , to arrive about March or April , 43 / . lOd . refused . Sperm la In-
Ttmwtti Nrytmvttat O_ ¦Nr-N--Home, Colo-Niai), & Foreign Ppntlttpt? ''Ir'pmq Rnvjjupju Ivlb.Uilji.Ie.
active at 97 / . 10 s to 98 / . ; pale seal scarce , and worth 36 / . 10 s . ; pale southern , 34 Z . ; and cod , 31 / . 10 * . :. Tuiil'ENTiNE . T-About 6 , 980 brls .. crude have arrived this week , of which no sales have as yet been made . The price asked is 11 s . Spirits have advanced to 43 s . for American brls . ; and as the stock is chiefly held by one ik-m , it is expected that prices may yet go higher before fresh supplies can arrive from the United States . , ' Wiialefins . — 'Polar isquoted at 500 / ., and southern , from 3801 to 400 / . ; but arrivals having taken place , these terms are not so freely paid . Sugar . —Purchases have been made for immediate requirements only , but , owing to the scanty supplies well
brought forward , prices have been generally supported , especially for good grocery and refining descriptions . White Benares sold , exceptionally , 6 d . to Is . cheaper in the early part of the week , but holders have since refused to sell at the reduction . West India sugars of good useful qualities are scarce , and Barbadoes in sale realized 6 d . per cwt . advance . Arrivals have been moderate , and the clearances from warehouse , somewhat liberal , by which existing stocks have been again diminished . . Refined goods continue to be bought sparingly , but the production , being moderate , prices are tolerably steady . Common lump sell at 52 s . 6 d . Dutch crushed is rather freelv offered , and the term lower . and
Cojpfbe . —' There have been but few transactions , no variation has occurred in the terms demanded ou private contract , although some few odd parcels ou auction were allowed to go cheaply , fair garbled Mocha selling at 77 s . 6 d . Plantation Ceylon , middling to fine bold colory , sold at 74 s . to 90 s . Native Ceylon obtained scarcely any bids , and was chiefly withdrawn at fofiner fvrvffaC ' ' ' "¦ ¦¦"¦'* Teas . —The feature of the week has been the public sales , in which 20 , 000 pkgs . were offered , and 6 , 000 sold . Congous at full priees ; green teas occasionally rather dearer . To-day , common congou is quoted at Is . l £ d . per lb . ; . ¦ : ¦ . ' Rice . —Soft grain descriptions continue in request , and have again advanced . Fine Necransie has wade 93 . ; Rangoon ; 7 s . 9 d . to 8 s . ; Moulmein , 8 s . 3 d . to 8 s . 6 d . ; Ballam is firm at 8 s . per cwt ; Bengal meets only a limited inquiry , and some 2000 bags on auction sold rather cheaply at 8 s . 3 d . to 9 s . for low middling to good middling . The deliveries average about . 1 , 000 tons per week > but they make very little impression on the present hesivy stocks . ]¦¦' : ¦'
SAiiTi'ETRE . —Prices are firm , with an upward tendency , especially for floating parcels . On the spot a tolerably good business has been concluded at 38 s . 6 d .. to 42 s . 6 d . for 24 to 4 ^ per cent . For arrival , several contracts have been made at 40 s . ; and On ' Change to-day 50 tons , January shipment , sold at 41 s . per cwt . The deliveries are only moderate ,, considering the extent of recent purchases . ¦ . SPicES . ^ -There is still a fair sprinkling of expor t oi-ders in the market , and the moderate supplies brought forward find a steady sale . Pimento at 3 d . to 3 $ d . ; Zanzibar cloves at 3 Jd . to 3 fd . ; Sumatra pepper at 3 gd . to 4 d . for fair rather greyish to good clean : Fenang at 3 Jd . to 3 * d . ; and white pepper at 8 Jd . to 8 Jd . for fair , to 8 | d . for small lots of superior bold . Mace and nutmegs are Id . to 2 d . dearer ; the former sold to-day at Is . 8 d .
to 2 s . 5 d . for small to good bold , the latter at Is . 4 d , to Is . 5 d . for red , and 2 s . Id . to 2 s . 2 d . for pale * Cassia lignea is dull of sale at 95 s . for first pile , 93 s . for second , and 91 s . for third . Dyes . —Spanish indigo in public sale to-day brought full prices . Safflower sells readily at quite former terms . In cochineal rather a full amount ot business has been concluded , Honduras grain obtaining slightly better terms—say from 3 a , Od . to 4 s . for low medium to good pea Silvas ; but Mexican sold at 3 s . 5 d , to 3 s . 0 d ., which was rather cheaper . Dyewoods in general are in fair demand without change in price . Cuxch is 6 d . to Is . cheaper , 37 s . 6 d . having been accepted for fair Pegu . Gambieu is firm at 15 a . Od , per cwt . Cotton . —The Liverpool market is heavy , in
consequence pf large arrivals , and * prices are 1-Jtid . to id . per lb . in the buyer ' s favour , the sales averaging about b , 000 bales per day . In London , the business has been inconsiderable , and quotations , to a great extent , nominal . To sell at the moment , some concession in price would have to be made ; but holders do not oppenr at all disposed to this course . Jute . —Common qualities are again 10 s . to 203 . lower , and tho trade in general is dulj . The dealings liave been at 101 . to 22 / . 17 s . Gd . for ordinary to fine . Wooii . —The colonial sales , which will comprise some 35 , 000 bales , principally Capo and Victorlii , have onened with a fair attendance of the homo trado , but
with few Continental buyers . Prices are about the same as at the previous series , but the biddings lack amma-HiDES . ~ -At the public sales 250 , 000 East India , principally kins , were offered , and 150 , 000 sold , chiefly jpr export . Prices wore generally well sustained , except lor the lowest qualities . Stock , 1 , 180 , 000 hides , against 020 , 000 last year . , „ ' , , MK-rAJLsAsalcs of spelter havo been foreci } na low as 21 / . 10 a . ; but to-day 21 / . 15 s . Is quoted , nnd the market looks firmer . Manufactured Iron continues in steady demand , but Scotch pltf remains inactive , at 51 b . to 61 s , 3 c | . In copper , load , and tin scarcely any vnriutlon has occurrod i
Mr. 13.11. Thomas, Agent For Tho Punjuub...
Mr . 13 . 11 . Thomas , agent for tho Punjuub Railway Company at Kurracheo , has arrived tliorQ , and 20 , 000 to 30 , 000 tons of stores and materials aro on the road , which will yield freight to'the Indus Stoum Navigation Company , whose boats are now starting . ,
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Citation
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Leader (1850-1860), Feb. 26, 1859, page 25, in the Nineteenth-Century Serials Edition (2008; 2018) ncse2.kdl.kcl.ac.uk/periodicals/l/issues/cld_26021859/page/25/
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