Current:

Leader (1850-1860), 20th November 1858, Edition 1 of 2, Page 1267, Untitled Article

Page 1267
Page 27
27 of 32

On this page

  • Text (4)
  • Transcript

    • 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.

      Untitled Article

      understood that the leading houses are well supplied with orders , home and foreign , and by the conibinedaction of prudence and remunerative pricesi , i is hoped that the trade generally will soon find itself in a more healthy and prosperous condition . No Se appears to anticipate any reduction in present prices during the winter , ^ e prevailing impression being that prices will be firmly supported , and that an advance will take place in the spring . The only drawback to this satisfactory aspect of things is to be found in the existence of strikes and d ^ erences b ^ een miters and some of t he colliers who work at the coal mines east of Pu dley . Coal is a large ingredient in the ultimate cost of iron and of course it is essential that coal should be sent to market at the lowest possible cost consistenfrwith fairness towards Sooner and collier . At Leeds an average trade is doing ; and the same may be said of Huddersfield , Rochdale , Barnsley , and other hiyes of industry ! In the coal districts of the north ^ we regret to state that strikes stiU continue . The colliers working in Earl Fitz William ' s mines have signified their determination to hold out , and as the noble Earl appears resolved not to give way , the possibility of closing some of the mines altogether , hangs over the heads of the infatuated colliers . The dispute s between the colliers and their masters about Dudley , as we have already declared , are still unsettled . The question is one of wages , and several meetings have been held at which resolutions were passed to persevere in the modified demand of 6 d . per day instead of Is . On the Continent there is no particular change , but we learn from Lyons that a tolerable brisk demand for goods exists , and that a tendency to advance the price of siik displays , itself .

      Liverpool , Nov . 18 . —The . sales have been about 10 , 000 bales a day . Prices are partially jd . per lb . dearer than last week for the current qualities of American cotton . Manchester , Nov . 18 . —We have had a very firm market , with a moderate business in both cloth and yarns . Shirtings are dearer , without being quotably higher . The business doing is partly owing to the orders held over during the last few weeks , while prices were declining , having now been thrown upon the market , and stocks being a good deal exhausted , we have considerable firmness . There has not been much done in cloths for the home trade , but the prices of all kinds of fabrics are steady . In yarns we have had more business from Calcutta , Bombay , and Germany , at full prices , but without any advance of quotations . JTor the home trade there has also been a healthy demand , and sellers in some instances report that they have realised Id . per lb . more for cops . Yarns suited for the Mediterranean markets are taking th ^ demand better than of late . India shirtings are still firmly held for au . advance of l £ d , per piece on the prices current ten days ago , but very little business is done in them . JLong-cloths , T cloths , and domestics are still in fair demand , at Steady prices . In most other descriptions there is a moderate business doing , and in the general tone of the market is firmer than for the last week or two . In bundled yarn the market is steady , but without much activity . Prices without change . Yarns for manufacturing purposes are more inquired for , which tends to enhance their value . Iiheds . Nov . 18 . —There has been a steady but quiet market in , the cloth-halls during the week . A few lots of heavy fabrics w

      Untitled Article

      Tub SmrriNG Interest . —The General Shipowners Society , continuing the agitation now in progress , havo put forward nn advertisement , inviting a meeting of shipowners , and" others interested iu British shipping , " for tho 15 th of Decombor , in London , ?? to take into consideration the present ruinous condition of the shipping intorost , and the unfair and injurious position in which tho British shipowner is plncod , from foreign states not having reciprocated the benefits to which their navigation haa been admitted by tho repeal of the Navigation Laws ; and to address tfco Quoon , praying that her MnjoBty will bo pleased to exorciso the powers Vested in her by tho Act 10 and 17 Victoria , cap . IQ 7 , with respeot to foreign status , whioh do not continuo to subject British vossqls iu their ports to prohibitions or restrictions , by ' placing such foreign ships as nearly as possible on tho same footing iu British ports as that on which British » taJpa avo placed iu tho ports of such countries . '" » ...,. »«««

      Home, Coloniax, & Foreign Produce Markets 1-Kuuuui, Malthlls,

      Corn . —The improved tone of the provincial markets at the close of last week led to some expectations of a similar feature at Mark-lane , but they were not realised , and although the supplies of English grain have been very moderate , they have proved quite equal to the demand . Choice qualities have sold , somewhat readily at the currency of last week , but inferior grades remain greatly neglected , with quotations anything but firm . The finest samples of Essex white wheat ranged from 48 s . to 50 s . ; good runs , 45 s . to 40 s . ; prime red , 44 s . to 45 s . ; average , 41 s . to 43 s . ; common , 39 s . to 40 s . Foreign wheat was in fair supply and firmly held , but the trade was slow ; primest l 5 antzic , 54 s . to 55 s ., mixed 5 0 s ; to 52 s . ; Brabant and Louvain , white , 46 s . to 48 s ., red , 4 . 4 s . to 45 s . ; French , red , 43 s , to 44 s . ; fine St . Petersburg , 42 s . per qr . The flour trade i 3 without improvement ; top price of town made , 40 s . ; town households , 34 s . to 35 s . ; country households , 32 s . to 33 s . ; No . Twos , 30 s . to 31 s . ; Norfolk , 28 s . to 29 s . ; French , 34 s . to 37 s . per sack ; American , of good brands , 25 s . to 26 s . Arrivals by Eastern Counties Hail , 10 , 599 sacks against 11 , 667 sacks delivered . Prime malting barley continues to bring high prices , but medium qualities are plentiful and drooping in value . Foreign grinding samples sell readily at 26 s . to 27 s . for Turkish and Odessa . Malt is barely so firm in price ; choice old " corn" offering at 71 s . to 72 s ., be 3 t new , 69 s ., and inferior , 62 s . to 63 s . per qr . Arrivals by the Eastern Counties Rail have been 6700 qrs . against 6 G 97 qrs . delivered . Beans have met rather a better sale at former prices . Boiling peas have all been more saleable in consequence of the weather . The market is still largely supplied with oats , but towards the close of the week the arrivals showed some falling off . Sales have not been pressed , and in general prices have been pretty steadily maintained . LONDON AVERAGES .

      Qrs . s . d . Wheat ........ 2141 at 44 6 Barley . 2668 „• 38 9 Oats 1269 „ 26 6 Beans 241 „ 39 1 Peas 117 ., 43 11 week ' s arrivals . English . Irish . Foreign . Wheat qrs . 1570 — 8560 Barley .,.. „ 1030 — 3680 Malt „ 1220 . — — Oats „ 380 — 21 , 290 Beans ; ,, — — — Peas „ — — — Flour , .... sks . 1010 — 2140 Ditto brls . . — — — Seeds . —The week ' s arrivals are 9000 qrs . East India . Since the numerous cargoes off the coast from the Black Sea and Azoff found buyers , there has been a better feeling in the market . On the spot , 54 s . to 54 s . Cd . has been paid for Bombay , and 51 s . to 51 s . 6 d . for the usual Calcutta , up to 53 s . 6 d . for fine Tatna grain . For arrival purchases cannot be made under these rates , and 50 s . for Black Sea seed , delivered U . K . The import into London since 1 st January is 236 , 000 qrs . against 167 , 300 in the same period of 1857 . In other oil-seeds no particular change has taken place , but the market is rather better in tone ; fine sound Calcutta rape sells at 53 s . to 53 s . 6 d . ; fine Bombay , 61 s . 6 ' d , to 62 s . ; other qualities , 44 s . to 55 s . Linseed cakes met a slightly better demand , but quotations are unaltered .

      On-s . —The large exports of linseed oil from Hull impart strength to our market , and there are now no sellers under 29 / . on the spot , and 15 a . more for spring delivery . Rape oil is more saleable : foreign refined , 46 ? . to 46 / . 10 a . ; brown , 427 . to 42 / . 10 s . ; English brown , 40 / . 10 s . to 41 / . ; Bombay ground-nut and Gingelly are worth 84 / . to 34 / . 10 s . ; and Madras , 88 / . to 38 / . 10 s . Olive oils have sustained a further considerable rise : Mogadoro sold at 45 / . ; Corfu at 47 / . ; and Gnllipoli at 49 / . ; and higher prices are now in many coses required . Cocoa-nut mocts a moderate demand at 381 . for Ceylon , and 39 / . 10 s . to 41 / . for Cochin . Fine Polim , which is scarce , brings 41 / . Fish oils are neglected : sperm offers at 85 / . ; pale seal at 861 . 10 s . to 37 / . ; cod , 81 / . ; and pale southern , 8 U to 84 / . 10 s . Whale-pins . —Wo have some arrivals of Polar from tho United States , but hold beyond ourront rates ; several cargoes Davis Straits are ottering at 540 / . to 545 / . per ton arrivals

      I ukpentink . —Thoro have boeu no or rougn ; tho ealos arc confined to 060 brls . at 18 s . ( id . ; spirits slow of sale at 41 s . for American , and 40 s . for English . Hors . —Fino choice parcels continuo in request 5 and aro firm iu valuo as stock of these descriptions are much reduced . Common qualities moot little attention , and price in a measure nominal . Potatoes . —» Supplies of both home growu and foroign are rather bettor , and trade steady ; York Regenta , 80 s . to 85 s . ; Kent and Essex , 80 s . to 85 s . ; Cups , < J 5 s , to 70 s . ; Middlings 40 s , to 60 a . ; French , 50 a . to 60 a . per ton . Pitoviaw > Ns .- * -Tho dead unoat markets aro heavily supplied , ' and any but tho primost qualities are lower . Bcof 2 s , 2 d . to 4 s . Mutton 2 a . 4 d . to 4 s . Venl 8 a . 8 d . to 4 s . Pork 8 s . 2 d , to 4 s . por 8 lbs . by tho carcase . Cured provisions are generally firm . Jjina Irish butter

      scarce , Carlows worth 106 s . to 110 s . ; first Cork , 10 . 6 s There was no arrival of foreign to-day . Business 1 Irish bacon is checked by the restriction of supplies , thi trade waiting expected arrivals . Waterford sides quotei 52 s . to 54 s . Stock . —The market for live stock has been dull prime beef brought late rates , the supply bei ng short but mutton , veal , and pork were cheaper . Monday . Beast . Sheep . Calves . ' Pigs . 5 , 258 24 , 600 160 480 3 s . 4 d . to 5 s . 0 d . 3 s . 6 d . to 5 s . 0 d . 3 s . 4 d . tols . 6 d . 2 s . l 0 d . to 4 s . Od Thursday . 941 4 , 380 172 130 3 s . 4 d . to 5 s . 0 d . 3 s . Cd-to 5 s . 0 d . 3 s . 4 d . to 4 s . 0 d . 3 s . 4 d . to 4 s . 0 d . Sugar . —Owing to short arrivals , the market has been very scantily supplied , and the trade , being short oi stocks , have had to pay a general advance of tjd . in the execution of immediate orders . There is still an inquiry for export . The principal transactions have comprised 2966 cks . West India , 6000 bgs . Mauritius , 5000 bge . Bengal , 2000 bgs . Penang , 5000 bxs . Havannah , 4500 bgs . brown Pernambuco , 500 hds . Cuba , 600 hds . Porto Rico , and a floating cargo of Brazil , the last named being for France . The Dutch went steadily at the valuations , which were lj-fl . below those of the September auctions . Refined sugars have met an increased demand , and it is now difficult to buy at late rates .

      Coffee . —The market is still badly furnished , and the trade hold off as much as possible in expectation of arrivals . Prices meanwhile are against the buyer . On the spot but little doing , A . floating cargo of Rion sold for the Continent on easier terms . Tea . —Blackish leaf Congous have been purchased rather freely , partly on speculation , and for these better prices are paid , whilst common Congous are ne ^ glected , although quoted slightly firmer , say 10 d . per lb . Rice . —A better demand has prevailed for all descriptions , but low qualities continue to find the largest sale , and for these prices are 3 d . to 6 d . higher . Otherwise quotations remain the same . Spices . —A moderate business doing . Malabar pepper , slightly easier in price . Cassia Ligriea firm , but supplies near at hand .

      Fruit . —Valencia raisins firm at 38 s ., contrary winds keeping out supplies ; figs 5 s . to 10 s . per cwt . dearer , and the consumption large . Saltpetrb . —The market is higher , by 2 s . to 2 s . 6 d . per cwt . from the late lowest point . Bengal has sold at 39 s . 6 d to 45 s . for common to fine . Stocks at Calcutta , by last advances , were light . The quantity on the way is 4350 tons for England ; about three-fourths being for this port . Dyes . —The only alteration is a rise of IOs . per cwt in safflower . India-rubber has advanced to lOd . for East India lump .

      Metals .- —Manufactured iron sustains its value fully , and rails have rather an upward tendency . Scotch pig iron is , however , dull , and offers at 53 s . per ton . Banca tin has advanced to 123 / ., and Straits to 121 / . Copper firm at 107 / . for fine Australian . Spelter and lead are neglected , and quotations have a bias in the buyer ' s favour . HEaip and Jute are firmly held , but the dealings are upon a limited scale . Hides . —The public sales have gone gently at £ d . per lb . decline . Wool . —The colonial sales progress briskly at the opening rates .

      Tallow . —As soon as it became known that tho ship * ment at St . Petersburg would not exceed 112 , 000 cks ., the market began to mend , and on Monday rather better prices were obtained , and this firmness lias been maintained through the week . The continuous short supply of English tallow will doubtless cause a large demand for foreign sorts all through the year , the trade being quite bare , and the stock at Christmas will in all probability bo much smaller than was anticipated some time since ; we close quiet 51 s . 6 d . to 51 s . 3 d . spot ; 51 s . 3 d . all the year ; 51 s . Cd . to 51 s . 9 d . January-March ; 52 s . to 52 s . 8 d . Marcli alone ; 50 b . 9 d . to 60 s . Cd . April-Juno sellers . Tho public sales to-day wore unimportant . Town tallow , 55 s . ; rough fat , 2 s . 104 d . ; melted stuff , 88 s . Cd .

      REVIEW OF THE WEEK . Mincing Lane , Friday Evening . The prevalence of easterly winds is at length acquiring an influence in most of the leading markets , and , in the protracted absence- of arrivals , evon the llmltod purchases that are made from day to day aro no longer without some effect upon prices . During tho present week the supplies brought forward , whether in public snlo or private contract , havo shown a material falling off , and tho trade , seeing ; the markets for the timo have a tondoncy against thorn , have been induced to increase their

      operations . The buying is , however , oavriod on very cautiously , and is hardly extonded beyond the supplying of immediate requirements , as important arrivals are likely every day to take place with a ohango in tho wind , and this would noccasarHy give the buyer a nvoro advantageous market , in point of choice , and possibly of price also . The hardening of prices in general , and the advanoo in somo few cases , as well as tho alight extension of business , ^ hloli wo have this week to pass in review , can therefore be regarded only as temporary , and cannot be taken as an earnest of any permanent change in the current of trade in a more general senae . ir

      Untitled Article

      No . 452 , November 20 , 1 S 58 . J __ TjT , B 3 . E A 3 > E U . 1267

      Untitled Article

      HOME , COLONIAL , & FOREIGN PRODUCE MARKETS .

  • Citation
    • Leader (1850-1860), Nov. 20, 1858, page 1267, in the Nineteenth-Century Serials Edition (2008; 2018) ncse2.kdl.kcl.ac.uk/periodicals/l/issues/vm2-ncseproduct2269/page/27/