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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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REVIEW OF THE WEEK . r Mincing . Lane , Friday Evening .. Transactions have again been-of limited extent in the aggregate , and the quiet-which characterises the general features of these markets seems likely to undergo but little change during the remaining period of the year . The closing Of the navigation at the Northern European ports must shortly preclude anything beyond a partial export demand , and operations will therefore be confined chiefly to home requirements . Of these indications are still favourable , and the advices to hand this week from India and China are calculated to accelerate the employment of the industrial classes , upon which the consumption of the leading products mainly depends . It must ,
however , be borne in mind that the continual large deliveries from importers' stocks , although evidencing a great extension of the consuming power of the country , have no doubt been to some extent absorbed in replenishing the warehouses of the numerous dealers throughout the kingdom . We must therefore be prepared to see an occasional declension of our home trade , as buyers are now so situated as to be enabled , in any turn of the markets against them , to act with reserve for a tolerablv lengthened period . Importers , on the other hand , disencumbered of their late surplus stocks , are likely to remain firm in their demands , and hence the difference between buyer and , seller , which has stood in the way of business during the present week , seems likely to be the prevailing feature , at intervals , for some time to
come . CoiiNV—The supplies of English wheat at market have been-small , but the imports of Foreign liberal , and the course of the markets on the Continent is still in favour of shipments to this country , as the decline in prices has been greater and more progressive there than here . At Ancona the wheat crop is reported to have been secured in superior condition , and would be ready for shipment about November ; selected Roman could be put on board at 46 s . 6 d . per quarter , 63 lbs ., cost and freight , to the United Kingdom . From the United States the advices are rather against importations thence , as the deliveries were small , holders firm , and prices advancing .
. — - are 5600 qrs from the sea of Axof , generally out of condition . The floating trade is without improvement , and 55 s . still the price for Black Sea seed , deliverable in the United Kingdom . Stocks are light on the spot , and 59 s . to 58 s . 6 & obtainable for Bombay , and 57 s . for fine Calcutta seed . The grossimport this year is 171 ^ 00 qrs . against 139 , 200 qrs . last year ' . The exports" o * Winseed ' -oil and linseed from the United Kingdom , since the 1 st of January exceeds the produce of the entire importation during the ' same period ; the present depression in the value of the raw and manufactured articles , can therefore be ascribed only to the large shipments made , or now making in the East India and at Russian ports . Rapeseed is in better demand , and continental advices are in favour of higher prices , but quotations are at present unaltered . Oil cake remains the same as last noticed .
Potatoes . —With moderate supplies and in fair demand , prices are steady . Regents , 70 s . to 90 s . ; Shaws , 60 s . to 75 s . ; French , 55 s . to 65 s . ; Belgian , 50 s . to 60 s ! per ton . Stock . —The demand , for live stock has been dull throughout the week , and inferior breeds , both of beasts and sheep , have receded about 2 d . per stone ; prime have , on the contrary , been pretty well sustained , Down wethers , in some few cases , making a trifling advance . The supplies have been tolerably liberal , but the proportion of really good useful descriptions has been exceedingly small , and hence the exceptional stability in their value . The following were the numbers at market , and the current quotations on the respective market days : — MOSDAY . Beast . Sheep . Calves . Pigs-5 . 23 , 500 157 350 4 s . to 4 s lOd . 4 s . to 5 s . 2 d . 3 s , lOd . to 4 s . lOd . 3 s . 8 d . to 4 s . 8 d ; Thursday . 1 , 390 C 230 210 220 3 s . 8 d . to 4 s . lOd . 4 s . to 5 s . 4 s . to 5 s . 3 s . 6 ( 1 . to 4 s . 4 d . Provisions . —The weather has been favourable for trade in the dead meat markets , and supplies not having bean heavy , prices have ruled steady , especially for prime fresh carcases . At Newgate and Leadenhall , beef ranged from 2 s . 8 d . to 4 s . ; mutton , 3 s . Cd . to 4 s . 4 d . ; veal , 3 s . 8 ( 1 . to 4 s . 4 d . ; pork , 3 s . 8 d . to 4 s . 8 d . per stone , by the carcase .
Saltpetre . — The stock has sunk to 2720 tons , and a further reduction is anticipated before supplies of any moment can arrive . Holders are consequently very firm , and prices have again advanced . About 5000 to 6000 bgs . have changed hands on the spot , at 42 s . 6 d . for 13 £ to 47 s . for fine 1 per cent . ; but 5 percent , has also sold in small lots at 47 s . to 4 Ss . For arrival , 100 tons have sold at 42 s . ; and subsequently 43 s . has been offered and refused for parcels close at hand . The Calcutta letters refer to light shipments and rising prices .
Spirits . —A moderate business has been done in rum at late rates . Deliveries are good , but more than equalled by the arrivals . Large sales of German spirit are reported at Is . 2 d . per gallon . Indigo . —The overland accounts have merely confirmed those previously received , and have not , therefore ^ materially affected the position of the market . With the quarterly sales approaching , on the 12 th , but little is doing , but the market is firm . Cochineal , is firmer in value , and a more ready sale . 284 bags have been placed . Honduras silvers , 3 s . Sd . to 4 s . ; Tenerifie , 3 s . lOd . ; blacks , 4 a . 2 d . to Is . 3 d . per lb . Saki'J . owhr . — -Public sales of fair extent have manifested a good demand , and full prices have been paid , middling rod to good pinky selling at 6 / . 103 . to 8 / . 10 s . per cwt .
Oxiieh Dve STUFFS .-r-Macldor Roots are Is . 6 d . per cwt . dearer ; Bombay sold at 22 s . Gd . Public sales of redwood have confirmed our previous report , and too general supplies have been held for 51 . per ton . Gamiuer has sold in retail quantities at lato rates ; cutch bought in at 82 a . per cwt . Siiklxao . — The demand has recently been more active , and besides a good deal done privately , fil casks 100 baga in auction sold readily at G 8 s . 6 d . for Europoan livery ; 67 s . 6 d . for native livery orange ; and 70 a , tor dark red button . . _ India-rubber has further advanced to 8 fc for * ' ft 9 t India lump , at which the market closed firm .
Cotton . —The overland ad vioea have induced a more confident feeling in some departments of the MancnoB < - tor trade , and cotton markets of both London ana Liverpool haro become firmer in sympathy . ino amount of business passing is however limited . HpsMr . — -Manilla has advanced 10 s . per ton ; g ° ou roping sold at 28 / . to 28 J . 108 . Jute has been less active , but steady sales of low medium to good mauo at Idl . 10 s . to 211 . 5 s . per ton . Metals . —Manufactured articles remain steady in value , but unmanufactured liuvo In one or two oases slightly given way . The fluctuations aro not « ow < n « material " Scotch pig iron , nftor touolilnff M » - - » cl 0 ?^ yesterday nt 64 s . to 54 s . Oil ., and to-day wfta a" 0 "" the same . The vcgk ' a shipments woro * M « J , " against 12 , 418 tons last year . Kails ¦ aro tfor » w . w Gl . 5 s . at the works , and 0 / . Ida . in London . ™ ° tt J been some inquiry for English tin , but £ f el tf " ' *' though Htoftilv In value , is next to nominal . llw P l 080 IU
The *; price of English wheat at Mark Lane has not undergone any " quotable change , and the fe \ v choice samples on offer liavn hpon readily plarody . hut Inferior qualities hang on hand . Fine white brought 5 Os . per qr . ; good , 47 s . to 49 s . ; good to prime red , 44 s . to 46 s . ; common , runs 39 s . to 40 s . per qr . The comparative scarcity of English rendered holders of Foreign firm , but at former prices sales were only practicable in retail quantities . The finest Dantzig samples ranged from 54 s . to 56 s . ; good , 52 s . to 53 s . ; fine old Rostock , 49 s . to 50 s . ; French red , 44 s . to 45 s . ; St . Petersburg , 40 s . to 42 s . ; low Russian , 36 s . to 38 s . per qr . Flour has sold rather more readily , especially the better Country marks . Prices have , at the same time , not varied materially
fn $ ! h those quoted last week ; Town made , quoted 43 s . ; Town households , 36 s . ; No . Twos , 31 s . to 32 s . ; Country households , 33 s . to 35 s . ; seconds ,. 30 s . to 31 s . ; and Norfolks , 30 s . to 36 s . ; French , 35 s . to 38 s . per sack of 280 lbs . ; choice American , 25 s . to 2 Gs . ; sour , 21 s . . to 23 s . Barley of choice malting quality continues firm ; its scarcity to command high prices , say 42 s . to 45 s , ; but medium qualities are a slow sale , although not quotably lower ; grinding samples meet a steady sale at 26 s . to 278 . per qr . Malt is in steady demand where the quality is good , but otherwise , sales are difficult and prices very irregular . Choice loose is quoted 72 s . to 74 s . ; fine shop samples , GGd . to
68 s . The increased supplies of barley coining forward for some successive markets are telling upon prices , which aro -still radiating downwards , and good useful samples are purchasable at Is . 2 < 1 . per stone . Peas are also receding in value , partly from ( he increased imports of foreign . The arrivals of foreign oats have again been large , and buyers have still the advantage in terms , although the depression has not been quotably extended . Good old Russian are worth 24 s . ; Taganrog , 21 s . ; choice new Irish , 28 s . to 29 s . per qr . Flouting cargoes have become rather firmer in value , the arrivals off the coast having been of less magnitude ; small cargoes of Galatz have sold at Sis . Cd . per 4021 bs . and Ibruila , at 31 s . 8 d . per 4801 bs . LONDON AVERAGES . Qrs . s . d . Wheat 8342 at 45 U Barley 1248 „ 86 8 Oats 895 „ 27 0 Rye — „ . — Beans 727 „ 80 8 Peas 68 „ 53 G WEEK ' S AIIIUVAUS , English . Irish . Foreign . Wheat qrs . 1170 — 4 . Barley „ 450 — 28 , 210 Malt „ 410 — — Oats „ 70 4 fl 40 44 , 820 Flour , sack 880 — . 280 Ditto brls . — . t- 80
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done With respect to the goods market we have a favourable report to make . Ther ^^ as a good attendance of buyers , and an advance of 2 s . was established upon flannels . The demand for all qualities was brisk , and manufacturers are well occupied with prders . . . Accounts from . Doncaster , where there is a . wool market , state that very little is left in growers ' hands , and that the advance since the first Saturday in September has been from Is . to 2 s . per stone . A noveLfeature in the trade is , that a lodd of wool , 28 lbs ., is at present worth a quarter of wheat of 36 stones—a very different state of things to that in
1856-7 . The hosiery trade in Leicester and Nottingham remains moderately active , notwithstanding the high prices required for yarns . The lace trade is less active , but there is a concurrence of op inion that there will shortly be a period of considerable activity . Some large orders from the United States have been received during the week . ¦ _ . The Barnsley linen trade , like that , at Belfast and Dundee , has revived , but not in proportion to the expectations that were entertained of it . This is mainly owing to the advancing prices of flax . Dulness prevails in the commoner articles . Fancy drills are in demand . It is , however , the handloom branches that are most depressed , the powerloom factories being all fully employed , working full time , while-ail-the bleach-works in the neighbourhood are
busy both with yarns and cloths . In the various linen markets round Belfast the demand for goods has been moderate , while stocks are light and prices firm . This applies to Magherafelt , Moveymore , Armagh , Liurgan , and Ballymena ; and to all kinds of linen goods . In Belfast itself handloom drills remain in fair demand at the late moderate advance in price . Diapers , of which stocks are law , are in better request , at rather higher rates . The stocks of printing lawns and cambric handkerchiefs are reduced , and meet an improving sale , without any material alteration in value . The late advance has checked operations in light linens for bleaching , and few transactions are reported ; stocks , however , are very small . Iu goods for dyeing and for Hollands there is a , brisk trade at the full advance
in prices before noted ; stocks extremely low . For heavy : linens there is , a moderate sale at firm rates . In powerloom drills there has been a fair sale at previous rates . For heavy linens there is a good inquiry , but the advanced prices demanded retard sales ; stocks are pretty large . IsigUc linens for bleaching are in limited , request , owing " to the advance in prices ; stocks are very small , owing to manufacturers being engaged in making up old orders . For printing lawns and cambric
handkerchiefs there is a pretty good demand ; stocks moderately large and prices firm . Of roughs there is no stock , and manufacturers are fully engaged . In unions little or nothing is doing . In white linens the home market is healthy but quiet , while the foreign markets are improving . Line yarns have been in only limited demand , and stocks have rather increased , but old orders are keeping down any tendency to accumulation . Pads in request . The country flax markets are all exceedingly firm .
In Dundee the linen trade has been languid , though holders are firm . There has been a further advance in flax of from 1 / , to 2 ( . per ton . A failure took place on Saturday in the spinning trade . The liabilities of the party were considerable , and the depression produced by this event has not yet passed away . The silk trade continues active notwithstanding a further advance , in the month just closed , in some descriptions of the raw article . From the Staffordshire potteries the accounts continue favourable .
The accounts from Birmingham , Wol * erhampto p , Walsall , Sheffield , and Glasgow are altogether more favourable with respect to the iron and hardware trades , though complaints are still rift ; . The more cheering prospects of the ironmasters have induced them to maintain their prices ; and meanwhile orders are coming in from many quarters , though they Ing from the United States * owing to the caution exercised by the agents there : The screw , tube , wire , and plating businesses are all brisker , and domestic orders are more numerous and heavier than at any previous period in the year . The fancy trades are dull ; but as they were the last to experience depression , it is only natural that they should be somewnat late in participating la the otherwise general improvement .
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Tub Suez Scheme . '—The Paris meeting on the Suez Canal question is fixed for the 15 th of next month . In ' the interval , Mr . Lango , the representative of the com . p nny in this country , Is about to revisit the various towns In which meetings were lieJd lnst year . He is also charged , it Is said , to obtain information respecting dredging machines and * other appliances for the projected work .
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HOME , COLONIAL , AND FOREIGN PRODUCE MARKETS .
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R CJ L V SeedsArrivals of linseed this week 1076 THE LEADE . ^^ g ^_ Qg rggER 1858 .
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Citation
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Leader (1850-1860), Oct. 9, 1858, page 1076, in the Nineteenth-Century Serials Edition (2008; 2018) ncse2.kdl.kcl.ac.uk/periodicals/l/issues/vm2-ncseproduct2263/page/28/
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