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London , Friday Evening . , Nothing is now so remarkable about trade as the fact that there is nothing to say of it . Business is in all its branches remarkably quiet and steady . The only speculation we hear of , or an approach to speculation , arises from an apprehension that the products of Russia may not come forward very readily , and a disposition is accordingly evinced to hold" tallow and other Russian produce , or purchase in expectation ; pf these articles becoming dearer . Other articles , too , likely to be in increased demand from the probability of war , are inquired after ; but there is no inclination to speculate- Tea , in
consequence of reports of short crops to come forward , has a tendency upwards , otherwise all the markets are amazingly still . This does not imply , however , diminished sales for home and general confiumption , for , according to the accounts from all the manufacturing districts , their population is everywhere fully employed and well paid . , The large purchases made day after day and week ; after week , of stock on account of the savings banks , is referred to as a proof of the well-being of the multitude . In another part of our journal we insert a brief notice of the pauperism of England and Wales to the end of 1858 ^ which sho ws . how completely England has recovered from the convulsion of 1857 . This
circumstance , combined with the very favourable condition of our manufactures , of which the raw materials are plentiful and cheap , and the price of the finished article high and in demand , justifies the opinion that the real business of the country- —aa opposed to speculation—is not only extremely sound , but very extensive and profitable , In spite of the rumours of war , which keep people uneasy , the year , as it advances , promises to be very prosperous . The rumours of warlike proceedings on the Continent hav ^ checked business in the manufacturing districts to some extent . It is beyond doubt that the Continental orders are greatly fewer than they would otherwise have been if the horizon were not so
overshadowed by hostile appearances . We are aware that there fa a large and influential party which stouts the idea of war , but it must not bo left out of eight that it is not the strength of the reasons urged against or for war which operate on pooplo ' g minda eo nrnch as the unceasing warlike movements- ^ whether offensive or defensive it i « impossible to say with certainty—which aro visible among the great European powers . The transactions of the week wve 1 ) een > restricted by the feeling of uncertainty Which rorevtuls . but altogether there has been a fair
amount of business done , and trade may bo said for W » e present to be at a stand-still , though sanguine nopeo are entertained that the storm will soon blow orer and that looms will assume full activity . The « oth trade has not been quite so brisk as last week , ww as warehousemen are quite full of orders for « rato , and contracts are on hand which it is expected JS » extend into April , there is no abatomont in PnWB . For most kinds of goods a gopd many of ° »» r manufacturers have been fully employed on waew ; BtlU on hand . The Indian demand shows no « Wflft « onj noarly ovory kind of fabric suitable , for
the Indian market is , in considerable demand , and prices are firm , and , if anything , moving upwards . . Manchester . —As far as the yarn trade for the German and other continental markets are concerned there is much dulness . For cloths the demand is quite equal to the supply , and long-cloths and T-eloths particularly are in very good request ; It maybe said , although the market is not quite so animated us last , week , that business continues sound and" prices firm . liivEnpooL ,. r—The cotton sales have been moderate this week . There is no particular change in the aspect of business * but of course the uncertain feeling which is getting abroad is not without its prejudicial action on commerce . .
LeepS . —The cloth halls were very fairly attended this week ; and an average amount of business was transacted . Very fine goods are not much in demand , but the lighter and cheaper fabrics continue in much request , and profitable prices are readily obtained . Bradford . —No alteration in our market has occurred worth repeating . The price of wools remain firm . Noils and shorts are in steady demand and at good prices . The worsted yarn market has The continental
not been quite so brisk this week . demand is next to nothing , dealers declining to make purchases . until they have assurance that peace will not be disturbed . The home trade is tolerably good , but the prices of yarns are a little easier . In cotton yarns nothing to speak of in the way of business is doing , but prices keep up very well . The machinery for worsted goods in the districts continues to be well employed . Altogether it niay be said that operations are checked by the prospect of war . trade is still well
Leicester . —The hosiery employed . Yarns are in fair demand , and the superior descriptions of wools are fetching high prices . Nottingham .- —The lace trade is 6 lowly improving , but , at all events , it is improving . Manufacturers produce , however , with great caution , and will not accumulate stock . Birmingham . — Trade is good but not brisk . In the iron districts of South Staffordshire and Wales a fair amount of business is doing . Glasgow . —The tone of the markets is dull , and prices in departments of produce are rather lower . For goods and yarns , however , prices are firm . '
Coai , Tbade . t—The coal trade is very fair . Yye have pleasure in stating that the strikes are reported to be at an end , though in one or two insignificant instances cases of folly are still to be met with .
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REVIEW OF THE WEEK . The principal feature of the week is the considerable business effected in saltpetre , almost wholly , for the completion of foreign Government contracts . The circumstance has occasioned some remark as occurring coincidently with the warlike preparations going on in various parts of the Continent ; but , of course , these contracts wore advertised some time ago , and their execution would not have excited greater interest than was induced by their announcements but for the untoward turn in political matters , and the consequent suspicion with which every movement in connexion with war material is now regarded . Beyond this , the markets have presented the same steady aspect as heretofore , most of the leading prohome demandwhilst
ducts having met a satisfactory , current values have in general sustained their wonted Stability . Continental orders have , however , come in but slowly , and this , aa well aa the marked absence of speculation , may be to a great extent set down to the prevailing apprehensions in , the public mind . ConN .-r-The supplies of English grain on offer at Mark-lane have been moderate , and the demand steady for all good and dry samples , which realised fully the previous value . Choice . old whito commanded 60 s , to 62 s . ; priraest new , 47 s . to 499 , ; runs , 45 a . to 46 a . ; choice old rod , 44 a . to 45 s . ; dry new , 48 a . to 44 s . ; good runs , 41 a . to 42 a . 5 common to fair , 87 a . to 89 a . Fproign wheat waa steadily hold , but the purchases wore limited . Primost Dantzic at 62 a . to 56 a . ; goodiinixed , 45 bto 4
50 a . to 62 s . } Brabant ' and Lorraine , whito , .. Cs . ; red , 43 s . to 44 s . French wheat waa in comparatively large supply , 40 s . to 48 s . per qr . No improvement can bo quoted in the flour trade , which remains inactive at irregular prices . The top price of town made is 40 fl . } town households , 88 s . ? country ditto , 81 a , to 82 a . ; whites , 88 a . > prime seconds , 29 s . to 80 s . ; Norfolka , 28 a ., and in some caaea rather lose . French is loss saleable : fair qualities 88 a . to 84 a , ; Paris marka , flfia . to 37 s . $ American barrels aro worth 24 e . to 25 $ . 5 good , 22 « . to 28 a . ; sown , 20 a . to 21 s . } grinding barley , of which rather larger arrivals ha , vo taken plapo , has aold < Jd . ehoapor 5 but ohoiuo malting and distilling samples havo uiadu former prlooa ; malt is Is . por qr . dumper , GOs . bolng tbo top price of Waro 5 03 a . to 04 a , for sloop
samp ; s . s . good common grades ; Egyptian beans have arrived largely , but have not varied materially in value $ choice English are comparatively scarce and bring full rates ; peas are dull of sale , and rather cheaper ; Russian oats have come in somewhat heavily , and have been purchasable at about late rates , but other descriptions have brought full , and in some cases higher , prices for all good corn , CORN AKEIVALS . English . Irish , Foreign . Wheat ............ qrs . 8438 — 12 , 976 Barley ......... ,, 4255 — 19 , 934 : Malt ............... ,, 13 , 261 — — Oats „ 10 , 605 — 18 , 495 Beans ............... . 1123 — 882 $ Peas „ 395 — 7 Flour ........ brls . 239 ; — 1975 Ditto .. ; ............ sks . 19 , 352 — 5918 XOIfDON AVERAGES . Qrs . s . d . Wheat ................. 4057 at 44 5 Barley 1902 „ 34 G Oats ..........: 2131 ,, 23 9 Beans 433 „ 36 10 Peas .. 209 „ 42 3 Sekds . t—The week ' s arrivals of linseed are 11 , 500 qrs ., of which 10 , 600 qrs . are East India and 900 Berdianski . The tendency of prices is in the buyer ' s favour . Fine Bombay , on the spot , 55 s . ; Calcutta , 5 Is . 6 d . t < 52 s . 6 d . ; 51 s . accepted for Taganrog . But few of the numerous cargoes off the coast have sold , about twelv * still remaining on offer . The last sale was at 52 s . 6 d , to 52 s . delivered U . K ., but 6 d . less would now have to be taken ; Morshenk seed has sold at 42 s . f . o . b ., August shipment . The mild weather still operates against the sale of rapeseed : fine Calcutta-is worth 52 s . ; fine Bombay , 63 s . ; inferior to good , 44 s , to 56 s . Oilcakes have met a slow demand , and in some cases have gone rather cheaper . Potatoes . — Trade is slow , but supplies being short prices are rather higher . York Regents , 90 s . to 105 s . ; Scotch , 80 s . to 95 s . ; cups , 75 a . to 85 s . ; Dunbar Regents , 85 s . to lOQs , ; French , 60 s . to 75 s . per ton . PkbvisiONS .- ^ -At Newgate and Leadenhall the demand has been dull , but prices steady generally . Beef , 2 s . 6 d . to 4 s . ; mutton , 3 s . to 4 s . 2 d . ; veal , 4 s . to 4 s Sd . ; pork , 3 s . to 4 s . per stone . X-rvE Stock . —The show at market has been by no means large , nevertheless trade has ruled dull , and quotations are barely supported . Beef has declined 2 d . per stone . Veal advanced 3 d . to 4 dv , from the limited supply .
Coaxs ;—Considerable arrivals to-day caused a decline of 6 d . per ton . Hetton ' s and Has well , 18 s . ; Russell ' s , 16 s . 6 d , ; Lambtoh's , 17 s . 6 d . ; Hartley ' s , 15 s . per ton . 100 ships at market to-day . 250 reported at sea . Sugar . — The market opened with a good current demand for grocery and refining kinds , but closed to-day with less activity , Quotations have . not varied materially . Havannah sugars are slightly cheaper , the proportion of these imports on offer being large . All other descriptions of good useful qualities have made full prices to a slight advance . The principal transaction s have included 1656 bda . West India , Barbadoes , at 41 b . to 45 s . 6 d . for low to fine yellow ;•• about
twothirds of 18 , 000 bgs . Mauritius , in auction : fine grainy , 49 s . to 50 s . ; semi-grainy , 44 s . 6 d . to 46 s . ; low to good grocery , 40 s . to 48 s . 6 d . ; brown , 36 s . to 39 s . ; 16 , 000 bags Bengal : low to good white Benares , 43 s . 6 d . to 49 s . ; grainy , 45 s . to 48 s . 6 d . ; Gurputtah dated , 41 s . 6 d . to 43 s . 6 d . ; 10 , 000 bgs . Madras : grainy , 43 a . 6 d . to 46 a , 6 d . ; Benarea , kind , 46 s . to 46 a . 6 d . ; low soft date 31 a . to 32 s , ; 4000 bxs . Havannah : floretto , 46 s , to 48 s . 6 d . ; yellow , 4 is . to 45 s . ; 1000 casks Cuba : Muscovado , 40 a . to 45 s . for low to fine yellow ; a floating cargo 1600 bs # . Havannah at 30 s . fpr a near port , and one of 3500 bgs . Paraiba at 24 s . 9 d ,, for Gothenburg . Refined sugars meet a steady sale without change in
price . Coffee . —With diminished stock in first hands and continued good deliveries , the market ia firm , but transactions restricted by the limited supplies brought on offer . A moderate business , has been done , in native Ceylon at 58 s . Gd . to 69 s . for superior ; 60 s . to 51 a . for good ord . ; and 48 s . to 49 s . for common and doubtful qualities . Neilgherry Hill coffeea have sold at 7 la . to 82 s ., por cwt , for amall to good bold cloae made . Floating cargoes aro sjtill inquired for on continental account , and ttvo have changed handa , the one , 8500 bags Rio , at 44 a . 44 d . for a near port ; the other , 8000 bags St . Domingoat 48 s . Cd . for tho Mediterranean .
* Tea . —The China advices havo induced considerable demand for congous generally , but for tho medium grades more especially , and quotations havo advanced id . to Id . por lb . Common congous havo Bold at 12 Jd . to 12 jd ., at which tho market ia to-day firm . Riojs . —Tho demand has subsided , but holders continue firm , and in tho few transactions that havo ocaurrod , former prices havo boon paid . , Sai / r-PiMjuw . —•• A vory eonaldorablo business' , boen concluded , ' the week ' s sales on tho spot being estimated at some 20 , 000 bgs . ( 1800 tons ) , tho greater portion , it is said , being for tho Sardinian Govoromont . Prices
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item from coining into existence ) , to put . a sto p at n » Sto the desire for war on the part of the rulers in Europe . These cannot move without money . A ^ termined resistance announced in good time to Moans for war would cut the comb of every war-SvSfrcock in Europe . But the dempcratic-. the « 3 £ &e& and trading classes—will not exercise SlLT aLget&l of the saying that " God S > s ^ fchpse who help themselves , " they will rely on Somatists who are talking of congresses , on ministers who like vast expenditure , and on sovereigns who pant for military glory , and they will not take proper means to insure themselves and the world against war as they insure their houses and their property against fire and wreck , lliey will rather complain lustily of the evils after they have come By the expense of a few letters—by a union n , prp . lv—without collecting any large funds ,
without even paying , any premium but the most insignificant one , the moneyed and trading classes might insure themselves against a war in Europe . Were they to go a step further , and subscribe even a very insignificant per-centage of the sums they would save by avoiding a war , in order to form a fund for maintaining peace , they would effectually insure this great object , and merit the approbation of mankind in all after ages . No statesmen are now more reprobated than those who have burdened the industry of various countries with enormous debts for carrying on wars , much more justifiable than any wars in Europe could now , by any possibility , be .
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GENERAL TRADE REPORT
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HOME , COLONIAL , & FOREIGN PRODUCE MARKETS .
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les of fineand 55 to 60 for inferior to Wo 462 , January 29 , 1859 . 1 THE LE ^]> EB , V 155
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Citation
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Leader (1850-1860), Jan. 29, 1859, page 155, in the Nineteenth-Century Serials Edition (2008; 2018) ncse2.kdl.kcl.ac.uk/periodicals/l/issues/vm2-ncseproduct2279/page/27/
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