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\o, 439, AtTGrirsT 21,1858.] THE L E A D...
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being secured. In wools scarcely anythin...
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RAILWAY INTELLIGENCE.
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The mass of railway meetings this week p...
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COLONIAL AND FOREIGN PRODUCE MARKETS.
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RAILWAY INTELLIGENCE SUUUVX-UWuU
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.
Additionally, when viewing full transcripts, extracted text may not be in the same order as the original document.
\O, 439, Attgrirst 21,1858.] The L E A D...
\ o , 439 , AtTGrirsT 21 , 1858 . ] THE L E A D E R . 851
Being Secured. In Wools Scarcely Anythin...
being secured . In wools scarcely anything has done in the markets , business having been parsuspended by the local saturnalia known as ruah-! g , -which involves the stoppage of . machinery t the first half of the -week . Fresh supplies of the ' are regularly arriving , and sell without difficulty fatly advanced rates . The recent -weekly addition ; es , indeed , though slight , taken separately form jregate -which induces in the minds of some a fear ¦ action . On Monday the stock ( 100 sheets ) of a led broker sold by auction at full rates . " i lace trade of Nottingham is becoming more
ani-, though manufacturers are keeping down stocks ; though the period has not yet arrived when th e demand is brisk , there is certainly a good deal g for home use in the execution of legitimate . Shipping orders for hosiery are in hand , and g considerable activity ; but the wholesale houses 5 home trade are not yet contracting for their stocks , consequently not much is doing in that t . Employment is extending- in the glove trade . Leicester hosiery . manufacture is decidedly imig . Stocks are very light- In the districts of ley , Loughborough , and other framework-knitting , there is more employment for the people .
advance in the price of silk has not checked the id for Jlacclesfield , Coventry , or Spitalfields goods , i the improvement in these branches of trade has ite kept pace with that in cottons and woollens . however , a safe and legitimate improvement . h the late long-continued depression has left . it serious traces of its effects , it is satisfactory to re that they are gradually disappearing ; and that be increasing prosperity of the country and the red means of the people , the demand for all > tions of silk manufactures is sure to grow in progeneral trade of Norwich in stuffs , bombazines , described as satisfactory , there being few unem-L persons in it ; while the shoe trade is unquestionctive , the demand being principally for home
con-1 ° Q .. ¦ ¦ . - . ' ¦ ¦ ¦ . ' ¦ : "¦ .. '¦' ¦ . ' ¦ .. ¦ ¦ . ' . ¦ ¦ ¦ ¦ ¦ ¦'¦ ' . ¦ ¦ t reports of the iron and hardware trades are better . Birmingham the indications of improvement that red last week have been confirmed , in the present , s attributed in a great degree to the late reduction : es ; tut this fact is only one incident in the case . 3 of goods are everywhere so low that country shave been compelled to order ; and another satisy feature of the home trade is tlie-punctuality witli t accounts are being liquidated . For many months s year the factors experienced the utmost difficulty tting in accounts ; and the travellers left large nts on their journeys which' it was impossible to i . So long as this scarcity of money continued , the eepers would not increase their liabilities by further i . The same disposition to contract fresh
engage-> appears to have been general , hence the stagnairhich has so long prevailed . The orders given out i course of the week ' have been sufficient to impart tsed activity to some of those branches in which nguor has been most felt ; and although there are instances in winch the depression continues , the m appears to be general that a reaction has taken The workpeople in the principal manufactories been making more time this week , and there is i to believe that the outworkers are more fully em-1 than they were two or three weeks ago . Wolverhainpton the general testimony confirms . ct of there being more orders in hand . More is for the United States , and the iron masters jhout North Staffordshire arc better employed , emand for goods from the agricultural districts is
sing . ) strike of the colliers in the districts round about loming less formidable from the number of men returning to their work at masters' prices ; and is little doubt that this difficulty -will soon bo at ! . iffield letters also speak more hopefully of the pro-. there , though most brandies of trade remain very After harvest there is every reason to expect he country ironmongers will replenish their stocks , which are as low as they wore ever known to be . s from the United States are slow as yet ; but for ia have been sent , the remittances have been porsatiafactory . Under theso circumstances it is be-I that things are about to take a turn for the better ; at there is a much more confident expectation of
result shortly . a Irish linen trade continues to show signs of prove improvement . In Arningh , Lurgnn , and Bully-, at last -week ' s markets the supplies of brown > wore but moderate , and thcro being a brisk dc-I , they were all sold oil' at the advance mentioned W last . Stocks therefore aro not increasing , ira and damasks wero in chief demand . Lawns r dull . In handloom-mado drills And diapers thoro change ; but stock * iiro very moderate , and prices lanifosting an improved tendency . Handkerchiefs ratty good demand ; but tliero are complaints of »• Light linens for bleaching have beon greatly Jed in stock ; tho Into advance , therefore , ia more r given . Goods for dyeing , and Hollands in brisk
demand , and higher prices are being obtained . Heavy linens also in demand . Power-loom linens , such as drills and heavy and light cloths for bleaching , very quiet ; but prices firm . Roughs continue in active requestat advancing rates . In union cloths little done . There is a good export demand for white linens , at better prices ; and favourable advices have lieen received from INew York , Havannah , and Mexico . The stock of yarns in the hands of the Belfast spinners is described as moderate in all numbers , notwithstanding that the production in the mills is at its full extent . The quantity of linen yarns sold ? this week has again been under an average , owing to the enhanced prices asked by spinners , -which manufacturers are reluctant to give . Tow yarns continue in active request , chiefly for export , and are wanted , stocks having been ckared off . In these
yarns spinners are ra most cases working to order , and the late advance is well maintained . The linen trade of Dundee is characterised by a good demand for yarns at full prices ; while a fair sound business is beiiig done in « lothes of all descriptions . Flax has been very firm throughout the -week , and the better descriptions have found ready buyers at improving prices . Medium and lower qualities have also been inquired for . The arrivals from the Baltic ports have been considerable ; but they have not depressed the price of the raw material , but rather the reverse , owing to the extent of the demand and the firmness of holders . From Paisley , Glasgow , and the whole of Lanarkshire , the accounts are good ; the iron trades however are not active .
The South Wales ironmasters are more fully employed . Some extensive orders have been received for iron rails .
Railway Intelligence.
RAILWAY INTELLIGENCE .
The Mass Of Railway Meetings This Week P...
The mass of railway meetings this week precludes us , through want of space ; from doiug more than to take a passing glance at results . The Great Western , as previously aiinounced , declared no dividend , although there was a surplus of ' 37 , O « 0 O & . The old complaint was put forward , that competition ' -had * taken' traffic froiii the company , and also the new complaint , that the general stagnation of trade had injuriously affected receipts . The proprietary , however , seemed generally satisfied that better times were in store , and that under existing circumstances it was preferable to have a good dividend next naif-year than a meagre one the present half-year . The Eastern- Couxties directors , at the meeting , brought forward the now stock complaint of railway companies , of losses of traflSc and money from the competition of rival companies , and further-losses from imprudent leasings . Tiie Midlasd , also , assure their shareholders that the dividend would have been larger had the company not had to sustain competition from more than one quarter . The Mid-Kent appears satisfied with the result of the working- of the portion of the line opened from Shortlands to Southborougli , aud also with the terms of the alliance which , they Lave entered into -with the SoutU-Eastern . The Metropolitan * project is still in abeyance , but Mr . C . Pearson is working at it untiringly . His proposition is to raise -100 , 000 ? . by shares , of 10 ? . each , and -with the progress he lias already made , and the foundation he has laid for a commencing line from Far ^ ringdon-strcet to Paddington , lie believes , with two months in which to mature his plans , he will be able to come to some definitive determination on this important undertaking . A great many minor companies have held their meetings , but nothing particular has to be noted . The Great EToRniERN had their meeting yesterday , and the samo story was repeated by the chairman , Mr . Denison , of damage and loss from competition . The hon . chairman was roundly taxed with being tho promoter of this competition . From liis replica we do not see that a moro pacific policy is contemplated . Surely the shareholders know their duty in such a case , if they want better dividends , they must get a chairman and bonrd of directors who vill bo open to reason and reasonable propositions . y \ r o may here remark thnt tho prominent , feature at tlie leading railway meetings already held has beon tho disastrous effects of competition . Thcro has also been a pretty general disposition evinced on the part of proprietors to urge upon their directors tho necessity for combined action , in order to effect a change in the present expensive , tortuous , and contradictory Parliamentary legislation , whether hit committees or by tho House of Commons . There has also been displayed a disposition to urge upon the directors tho expediency of concerting some plan by which reckless and ruinous competition may eventually be put an end to . From what we havo witnessed we augur hopefully for tho future of railways . If flbnreholdcM will como forward rosolutoly and regularly , and enforce proper measures on directors , then wo may look forward to good dividends and to a restoration of public confidence in railways « a an investment .
Colonial And Foreign Produce Markets.
COLONIAL AND FOREIGN PRODUCE MARKETS .
Railway Intelligence Suuuvx-Uwuu
REVIEW OF THE WEEK . Mincing Lane , Friday Evening . Trade in several departments is divested of that animation and buoyancy that characterised it in the preceding ¦ week , but the tone continues healthy nevertheless . The cessation of activity observable in some instances is chiefly explained by the influx of rather heavy supplies , which has induced buyers to withhold from the markets in anticipation of some advantage in terms . Where this has not been the case transactions have evidenced a steady continuous demand for immediate requirements , and current values generally have shown imdiminished stability .
Sugar .- —The arrivals of West India and Foreign Muscovado sugars have been exceedingly heavy , and have caused the dealers to reserve their orders ia anticipation of some concession in price . Holders , on the other hand , have sho-wn considerable firmness , have supplied the markets sparingly , and have generally refused offers that did not come up to late rates . The result has been an extremely limited business , in -which prices have shown a partial decline of 6 d . per cwt . The deliveries continue satisfactory , and , although the stock is increased , the excess , as compared with last year , ia still diminishing , and is now only 4600 tons j the amount in -warehouse at the respective periods being 65 , 000 tons and G 0 , 400 tons . The accounts from producing countries are -without exception favourable . There has been some inquiry for floating cargoes , but at terms which holders have in very few instances entertained .
West India .. —The sales are restricted to 920 hds ., including th « public sales , in wliich Barbadoes sold 36 s . < 5 d . to 45 s . 6 d . for brown to fine bright grocery . Mauritius . —4163 bgs . in auction , partly sold 33 s . 6 d . to 37 s . 6 d ., for mid . to good brown , and 38 s . 6 d . to 43 a ., for low to good yellow ; 915 bgs . crystallised , 49 s . to 50 s . per cwt . Bekgal . —The auctions have offered 1968 bgs . -which , chiefly sold , Lrown and yellow date , 31 s . 6 d . to 56 s . 6 d . j fine grocery yellow 48 s . per cwt . Madras . — -2500 bgs . chiefly brown descriptions , met a partial demand in public sale at 34 s . to 38 s . per cwt .
Foreign .- — -The public sales , although hot extensive , have but manifested the determination of buyers to hold off for some advantage in price , and nearly the whole of the goods brought forward have been withdrawn or bought iu ; 516 hds ., 225 brls ., Porto Rico , at 43 s . to 47 s . Od ., for middling to -very fine bri ght yellow , and 41 s . Cd . to 42 s . 6 d ., for ordinary to middling , 631 cks . 100 fcrls ., Cuba , Muscovadoes brown 35 s . 6 d . to 37 s . 6 d . ; yeUW low to fine 38 s . to 46 s , ; 4720 . bxs . Havannah , white , duty 38 s . 4 d . at 54 s . Gd . to 55 s . ; flqretts , 16 s . duty , 49 s . 6 d . to 5 Is . 6 d . ; middling to fine yello-w , 43 a . to 47 s . per c-wt . ; 174 hds ., 112 brls . St . Cioix , middling to fine yellow , 42 s . to 47 s . per
cwt-Coffjse : —The market has been somewhat freely supplied , but the demand sufficient to effect a pretty general clearance . Good and fine colory coffees have realised fully late rates , but unclean and . doubtful qualities have sold with considerable irregularity , averaging Is . Gel . to 2 s . Gd . decline . The auctions have comprised 474 . cks ., 520 brls . and bgs . Plantation Ceylon , fine fine ordinary to good mid ., C 3 s . to 72 s . 6 d . ; fine 81 s . ; 1000 cks . N " cilgherry mid . small to good colory , 67 s . 6 d . to 7 ( is . ; Peaberry , 70 s . to 72 s . ; G 27 cks . Telleclierry 66 s . to 70 s . i a parcel of Mysore kind C 6 s . to 71 s . 6 d . foi mid . to good bold pale ; 5700 bags Costa Rica mid . palish to good colory , 67 s . Gd . to 71 s . ; fine fine ordinary , C 4 s , Gd . to G 5 s . ; triage and unclean , 05 a . to 60 b . ; 3000 bags Kio , of which only a small . part sold , good ordinary to fine ordinary , palo , at 41 s . to 48 s ., the bulk being held at 41 s . to 46 s . per cwt .
Cocoa . —The demand for colonial descriptions is rather more active , and several gules have been effected at better prices . Trinidad sold at 57 s . to 62 s ., and Grenada at 46 s . 6 d . to 59 s . per cwt . ; 100 bags fine Surinam in auction wero taken in at 71 s . per cwt . Tea . —By private contract very little has been done , the trade having been more immediately engaged with the public sales which commenced yesterday and concluded to-day . They offered 17 , 000 pkgs ., inclusive of 91 ) 0 pkgs . Assam . Tho China teas met only a moderate demand , but were sustained in price . The Assama Hold witli spirit at full prices .
Rick . —The business ia still confined chiefly to lo-w and damaged parcels , for which abo ut former prices aro paid . Tho principal transactions reported are , 8000 bags , low : Bassion , at 5 s . 9 d .: and 9000 bags Rangoon , at 5 s . 9 d . to 7 s . 6 d . per cwt . j 5000 bags mid . whito Bongal , at 10 s . Tho clearances hnvo fallen off , but aro in excess of the arrivals , and tho stock is therefore slightly diminished , Siuues . —Cassia lignia has declined 4 * . to Cs . per cwt ., middling third to first pilo liaving sohl at J ) 9 s . to Ills , per cwt . in a public . sale oC 1 D 7 boxes . An arrival of 800 boxes has recently taken place . Ginger brings Into rates ; 420 lings C « lit : iit in auction wore mostly sold : good middling nml good , 70 s . to 85 fl . ; 90 bags middling quality sold at 6 ' 3 s . to C 7 s . ; 3 G 2 pockets Bengal were held at 164 . 6 d ., but 804 barrel
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Citation
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Leader (1850-1860), Aug. 21, 1858, page 851, in the Nineteenth-Century Serials Edition (2008; 2018) ncse2.kdl.kcl.ac.uk/periodicals/l/issues/ldr_21081858/page/27/
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