On this page
-
Text (8)
-
Untitled Article
-
Untitled Article
-
Untitled Article
-
Untitled Article
-
Untitled Article
-
Untitled Article
-
Untitled Article
-
Untitled Article
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.
-
-
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
London , Thursday Evening . According to tho latest advices" from the United States , 'both cotton and flour were dull , and the markets in favour of the buyers . To those- who are well aware , as we have endeavoured to point out , that all trade depends on the quantities of commodities—or as the Americans say , " stuff "—produced , and who know that the convulsion of 1857 began in America , and was immediately brought on by short crops of cotton and grain , the present prices of these two articles in the States , and the condition of the markets , will appear satisfactory . They betoken a further revival of trade in America and better times . They indicate a comparative
abundance of two of the great staples of trade . So much of the trade of Europe now depends on the States , and prosperity there , though momentarily interrupted , is so sure to expand , that its commencement is equivalent to further progress in Europe . Accordingly , we are told from Paris this week that the commercial report may be regarded as satisfactory . The retail trade is , as usual , lively at Christmas time , and it is anticipated that the transactions of the principal dealers will exceed those of the corresponding period of 1857 . The stocks of European goods in the United States are nearly exhausted , and some inquiries have already been made for South American houses . : The manufacturing advices are favourable from Kouen and Mulhouse , and large arrivals
menta which'have been made , and are about to be made , are the result of a careful calculation of the condition ot the markets . . Liverpool . —Business nas been very fair , considering that we are on the eve of Christmas . Sales of cotton continue to take place at an average rate , and at the advance in price which has recently been established ., Manchester . — -There , has been no decline in the active demand , which has lately prevailed for cloths and yarns suitable to the Eastern markets . Shirtings , long-cloths , T-xloths , printers and lighter goods are all in request for India and China , and to those sellers who can furnish early delivery an advance of l £ d . to 3 d . per piece has been conceded . We believe that stocks are unusually light , and that purchasers cannot provide
themselves with what they require , and manufacturers will not enter into forward contracts very readily . From the appearance of the market , from the large orders on harii and in process of execution , the current opinion is derived that no very material change in the existing activity is likely to be expected until the turn of next spring . The demand for yarns of all qualities is steady and general . Thosefabrics and qualities best suited to the India and China markets are especially in demand , and an advance of jd . to £ d . has been-obtained . The open weather for the season has brought German buyer 3 into the market , and cops for early delivery for home trade are in request at an advance of £ d . to £ d . per lb . A ready sale is found for fine and doubled yarns at better prices .
Leeds . —Stock-taking and balancing ledgers appear to be more thought of than business- Nevertheless , there has been a fair trade done during the week , and the attendance of buyers has been by no means sparing . The general condition of trade is throughout satisfactory , and the future appears to offer a very hopeful prospect . Nottingham still continues to have a brisk trade for hosiery , though not quite so bustling as the last few weeks . Leicester .- —The lace trade still drooping ' , and without present prospect of activity . . .... .
Birmingham and Metal Districts . —The trade , generally , is restricted , but good of its kind . The iron trade , especially the Welsh masters , are well employed . In the coal districts the strikes are dwindling away , but we are sorry to . say the same folly is here and there exhibiting itself in some of the manufacturing districts . A temporary strike took place in Messrs . Ormerod ' s mills , near Todwarden , but we understand the operatives were very soon inclined to listen to reason . Glasgow . — -The cotton market has been active and firm , and prices have advanced about id . per lb . The stock of goods and yarns has so sensibly diminished in consequence of recent purchases that the advance submitted to by buyers has been since very well maintained . The iron market has been affected by speculative purchases , but prices are firm . It is expected that the annual circulars will show a very heavy stock on hand ,
of cotton at Havre have caused a fall in the price of the raw material . The looms at Lyons are in active employment , insomuch that they can only take orders for distant dates . A similar movement is reported at Amiens , Rheims , and Roubaix . Goods in general have risen in price in the seaports . Havre is recovering its activity . Raw colonial sugars are in demand there . Coffees tend upwards . Wine continues to arrive at Bercy in considerable quantities . Wool is scarce . Silks have an upward tendency . Oils are inquired after at increased prices . Soap has recovered from its recent
decline . Leathers are at improved quotations , as also are hops . Tallows are in improved demand . This improvement abroad accompanies improvement at home , and as every progress there is advantageous to us , we see with satisfaction that a company , with Lord Ward at its head , to irrigate , by the waters of the Rhone , the vast tracts of ground from the Ardeche to Nismes and Aigues Mortes , is oh the point of being formed ^ These districts , naturally fertile , with a magnificent climate ; are unproductive from drought . The enterprise for fertilising this parched soil has the support of the Emperor , and the best results are anticipated from it . for
The late- Customs returns in the JUoniteur , November , show a slight increase in the revenue for the month as against November , 1857 . The shipping in the eleven months shows an increase of French tonnage , both entered and cleared , while in the foreign vessels there is a decrease in the entries and an increase in the clearances . When people suffer they are sure to be heard of , and the quietness generally in our manufacturing districts is 4 certain sign that trade is not otherwise than flourishing . In comparison with last year , at this time , it is in a very prosperous condition . Our corn markets continue dull , notwithstanding a Urge consumption . The supplies , therefore , are abuudant . Colonial produce , too , continues steady in price , though the demand is large . Jute , which is a substitute for hemp , has risen 15 sper ton .
, .. . .,.., _ The trade of the country generally may bo said to be in a healthy condition . Our next report will be told in a new year , and then we shall begin to look for that increased activity which has been anticipated for so many months , and which , from present appearances , seems most probable . It is quite evident that tho feeling which has actuated manufacturers , home buyers , and exporters throughout the year has boon one of extreme caution . The discount houses and the joint-stock bunks , which are among tho best evidences of tho condition of trado , all concur in tho statement that tho general dulness of tho money market , tho low rato of interest , and tho abundance of money have not arison from any indisposition on their part to nflftml full commercial facilities , but roally and truly because manufacturers and merchants have cautiously abstained from speculative business , and havo limited their
transactions to what may bo termed tho ordinary roquiroinont of commerce , which , of course , owing to tho Into crisis , has been moro restricted than usual . But within tlio last fow weeks trmlo-hns boon very good at Manchester and other districts In which goods are made suited to tho China , India , and Gorman markets . Tho largo purchases for Inclia and China may bo easily accounted for ; they have arisen through tho chock given to business by hostile operations , which having nearly subsfdoil . tho markets , which arc somewhat baro , have required to bo thoroughly replenished . It must not bo didguiaod , however , that an opinion is gaining ground that wo are Bonding too many goods to tho East— that wo aro likoly , if moro caution is not oxorcisod , to establish a similar glut In tho Chinese and Indian markoU to that which has boon effected In Australia . Ho that as It may , there cnu bo no doubt that tho activity which has manifested itself is based on a sound foundation , and that tho shlr-
Untitled Article
The North , West , and South London Junction Railway Company , for uniting the Kent and Brighton lines with the Northern and Western lines at Hammersmith , have issued their prospectus . The proposed capital is 700 , 000 ? ., in 10 / . shares , of which the London and North-Western Company have agreed to take 100 , 000 ? ., the Board of that company , as well as of tho North London , having sanctioned the undertaking , each agreeing to nominate two of their body to join the direction . Tho intended route is from the Greenwich lino at Spa-road , through
Camberwell , Brixton , Clapham , Battersea , and Walham-green , to the Hammersmith station of tho West London Railway , whence communication will be effected to the Great Western and North-Western lines , and also to the North London , thus making the circle round tho suburbs of tho entire metropolis complete , with the exception of the break between tho Fonchurch-street and London-bridge stations . Paris advices allege that tho new convention botweon tho Government and tho Southern Railway Company of Franco has boon signed . An extraordinary general meeting of the shareholders of tho North Easlorn Railway Company was held at York , on Tuesday , for tho purpose of considering the propriety of applying to Parliament for power to construct , in tho Weat Riding of York , a branch lino of ruilway to Patoly-bmlgo from tho railway from Leeds to Thirek , and cotain branch railways to connect that railway with tho Church Fenton and Ilarrogato branch , and give llurrogato a through Hue of railway communication . After considerable discussion resolutions were carried empowering tho directors to take measures for their construction ,
Untitled Article
REVIEW OF THE WEEK . Mincing Lane , Thursday Evening . This has , been a kind of finishing-up week in most of the leading markets , in which the business of the present year has been brought virtually to a close . The transactions coming under review since our last , like those which may intervene between this and the opening of the new year , must be regarded merely as eddies ,
affording but an indifferent criterion of the broad current Of trade . There are however some features even in these irregular operations which are not altogether without significance . One in particular is the marked absence of any important sales for immediate cash , which usually predominate about this period , especially in speculative times , and this may be taken as fair evidence of the bonafde character of the year ' s trading in the aggregate , as well as of the firm and healthy position in which most of our principal markets are left at its close .
Corn . —In the general dealings very little change has occurred this week , the buying being still confined principally to immediate requirements ; but the tone of business has been better . With English wheat the market has been only moderately supplied , and a fair clearance was effected without difficulty , at quite the previous currency . Choice heavy old white samples brought 49 s . to 50 s . ; prime selected new , 46 sw to 48 s . ; good runs , 44 s . to 453 . ; damp , 41 s . to 43 s . ; prime heavy red , 42 s . to 44 s . ; runs , 40 s . to 41 s . ; inferior , 37 s . to 38 s . Foreign wheat , of which the imports were by no means large , was more firmly held , the choicest Dantzic for 54 s . to 55 s . ; prime , 50 s . to 52 s . ; Brabant andLouvain white , 44 s . to 46 s . ; red , 42 s . to 44 s . ; French red , 40 s . to 42 s . ; St . Petersburg , 40 s . to 41 s . ; Archangel , 34 s . to 35 s . Flour has been sold rather more freely , although not extensively , and prices are generally firm , the top
quotation of town made at 40 s . ; town households , 33 s . to 34 s . ; country households , 32 s . to 33 s . ; Norfolk , 27 a . 6 d . to 28 s . 6 d . ; French , 33 s . to 37 s . per sack ; American best brands , 24 s . to 25 s . ; good , 22 s . to 23 s . ; sour , 20 s .. to 2 'ls . Malting barley is steadily supported , choice qualities being somewhat scarce . Grinding samples are however pressed for sale , and have declined Is . per qr . Malt is without quotable change , select " ware" bringing 67 s . to 68 s ., fine samples 64 s . to 65 s ., the inferior grades being still neglected . Beans are again Is . per qr . lower for any but the best qualities . Peas are less in demand , and barely supported in value . With diminished arrivals of oats , holders are firmer , but the demand is slow . The few sales effected have been at full prices . The foreign advices refer to drooping markets generally , but owing to the low prices ruling here , shipments continued upon a very limited scale .
Seeds . —In linseed the business passing is of very moderate extent , but prices are pretty steadily maintained , fine Bombay seed commanding 55 s . ; Calcutta , 52 s . to 53 s . Rape seed moves off , in retail quantity at 54 s . for Calcutta , and 63 s . to 63 s . 6 d . for fine Bombay . Oil cakes are generally held for late rates , but meet only a limited , demand . Trefoil and clover-seeds are more in request , and would command fair prices , but there is not much disposition to sell . Hops . —Fine qualities have been in improved demand , and rather higher prices have been obtained . In other grades there has also been more doing but without alteration iu terms .
Live Stock . —The stock at market this week has been of tho ordinary average , and the Christmas markets having supplied tho present demand , trade has been quite of a nominal character . Quotations aro in all cases lower . The following were the numbers on sale , and the current prices :-r-Monday . Beast . Sheep . Calves . Pigs . 3 , 260 10 , 760 193 880 3 s . 8 d . to os . 0 d . 3 s . 8 ( 1 . to fis . Od . 4 a . 2 d . to 5 s . 2 d . Ss . Od . to 3 s . Sd . Thursday . 7 S 6 1 , 530 130 140 3 s . 6 d . to 4 s . l 0 d . 3 s . 8 d- to 4 s . l 0 d . 3 a . 8 d . to 4 s . 6 d . 38 . Od . to 3 s . 3 d . Provisions . — The weather having been elose , the show in the dead meat markets has been upon a smaller scale than would otherwise have been the case , although the quality has been of the usual Christinas character . For the season trade has ruled dull , and prices comparatively low , Boof , 8 s . 4 d . to 4 s . 4 d . ; mutton , 8 a , 8 d . to 4 s . 8 d . ; veal , 8 s . 8 d . to 4 a . 8 d . ; pork , 8 s . 4 » . to 5 b . por 8 lbs . by the carcase . Sugar . —Considering that the buying at this period is restricted as closely as possible to the baro sufficiency
for immediate requirements , a fair demand has boon experienced , and with fow exceptions prices havo boon well sustained . Tho public sales , although showing a slight increase on thoso brought forward of latu , have been upon a strictly moderate scale , and tho market cloeos therefore with aSgas of undimlnishod confidence on tho part of holdora . Good useful qualities of both grocery and roflning descriptions aro saleable at . full terms , but inferior grades aro neglected , and slightly ohoapor . Tho deliveries continue favourable , and the stocks have so far shown but a slight increase from lato arrivdltft TJw jjalea o f West India for tho week aro
Untitled Article
No . 457 , December 24 , 1858 . 1 THE LEAD E B / . 1425
Untitled Article
RAILWAY INTELLIGENCE .
Untitled Article
Coi-usion on tub South-Westerh Railway . — On Wednesday a collision occurred a $ tho Basin gstolsestation pf tho South-Western Railway . Tho Southampton train arrivop at Baslngstoko shortly before one , just as the Salisbury and Andovor train was being shunted . A collision was tho consequence , resulting in the destruction of tho break-van and damage to tho carriages , besides injuries to several passengers , some of which , however , were of a Tory serious nature .
Untitled Article
HOME , COLONIAL , & FOREIGN PRODUCE MARKETS .
Untitled Article
" GENERAL TRADE REPORT .
-
-
Citation
-
Leader (1850-1860), Dec. 24, 1858, page 1425, in the Nineteenth-Century Serials Edition (2008; 2018) ncse2.kdl.kcl.ac.uk/periodicals/l/issues/vm2-ncseproduct2274/page/25/
-