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Leader (1850-1860), 11th September 1858, Edition 2 of 2, Page 27, Russia in the Mediterranean.—Tho journal...

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      - . _ ' - General Trade Report. London, ...

      ¦ week . The cloth woven may be taken at 1 , 240 , 0001 b . ; value 67 , 000 / . per week . . „ ¦ ' . , . ' ' " Such is the magnitude of the cotton trade in the town of Blackburn , with its suburbs ; but , taking its Town Hall as the centre , and describing a circle with a radius of five miles , it will embrace the townships of Danven , Accrington , Church , Enfield , Great Harwood , & c . in which there are 522 , 000 self-acting mule spindles ; and 28 , 000 throstle spindles , total 23 , 000 power-looms at work in addition—making a grand total of upwards of 1 , 600 , 000 spindles and 60 , 000 power-looms in the Blackburn district , or one-eighteenth of the whole cotton spinning of the United Kingdom , and one-sixth of the whole power-loom weaving . " The total cotton consumed in this district per week is l , 58 O , 0001 b ., or 3650 bales , at a cost of 44 , 625 ? .

      " Yarn spun per week 1 , 300 , 0001 b ., but owing to finer counts of yarns being woven at Great Harwood and the neighbourhood , the . average consumption of yarn in weaving for the whole district will not be so great in liroportion to the looms as in Blackburn alone , where a considerable amount of eoarse yarns are used . The yarns consumed in weaving may be taken at 2 , 100 , 0001 b . per week , thus requiring 800 , 0001 b . of bought yarns from other quarters , at a cost of 36 , 000 / . per week . Total cloth produced 2 , 170 , 0001 b ., of the value of 120 , 000 / . per week . Total steam power employed , 7200 horses . Fixed capital , 2 , 500 , 000 / . ; floating capital , 800 , 000 / . The number of persons employed exclusively in spinning and weaving , within the mill walls , may be taken at 43 , 000 , earning 23 , 000 / . in wages per week . "

      At Leeds , the visit of her .. Majesty , ' combined with the Musical Festival and the holiday which consequently prevailed in the first two days of the week , entirely suspended business ; but , both previously and subsequently , many transactions have taken place , and the staple trades of the town are unquestionably healthy . Indeed , the deliveries direct from the manufacturers to the merchants are so large that the halls are kept bare of stocks . Blankets and heavy fabrics are in active demand ; and woollen cloths are taken off as fast as they can be produced .

      At Bradford , the rates for all descriptions of bright-Laired wools continue firm , and against the buyer ; and there has been a fair demand for noils and shorts , but they are not so firmly held . Worsted yam is exceeds ¦ ingly active , there-being a brisk demand both for home and foreign markets . Spinners , indeed , find it difficult to fulfil their contracts within the time that the goods are generally wanted . Fine cotton yarn has advanced 3 d . per pound , and as there is a great demand a further advance is more than probable . The business in pieces and manufactured goods is very active , but there are comi > laint 3 of low profits . Stocks are light , and manufacturers are generally engaged in producing to order . Plaids of various descriptions are in increasing request for the approaching winter trade . Manufacturers generally are fully employed , though this has been what is called here " a broken week , " owing to the Queen ' s visit to Leeds .

      At Halifax the worsted and carpet trades are without material alteration . The former , however , is increasing in activity , there being a ready sale for most descriptions of goods , both for home and foreign markets . Lastings sell well ; and serge-de-berries are in demand . Orleans and similar fabrics for autumn and winter are passing ofi ^ and th e makers are fully employed . Woollen yarn in demand , with an upward tendency in prices . Provided the raw material is not forced up by improper influences , of which there is no present appearance , but some apprehension , the position of producers will continue to improve .

      At Huddorsfield , and indeed throughout the woollen districts of Yorkshire , the visit of her Majesty to Leeds rather interfered with business in the early part of the week ; but things have now fallen into the ordinary oouree , and largo dealings have taken place in all the better kinds of fabrics . Low-priced goods , including the coarser woollens , aro least inquired for . Prices are firm both for goods and for wool , , ... .. . The Flannel trade at Kochdale has not boon so animated this week , owing in a groat measure to the aiitX prices required for wool , which keeps makers as much as possible out of tho market in the hope of easier prices . Still tho mills horo are well employed , and most of the orders aro for homo use , tho shipping trade being , as yet , very inactive . Whatever manufacturers may

      expect , tho staplers have certainly no anticipation of wool going lower . In , Glasgow a vary largo business has been dono ia yarns and cloth without any material change in prioos , but they aro very firm . Indeed , stocks of yarns aro woll cleared . Spinners aro deep in contracts , and thoro is prlces- 'boingr * BStaT 51 KIJ 3 cn Pig iron has declined this week , but business is only moderate , buyors not showing any spirit . ° Tho Laco and Hosiery tradoe at Nottingham and Leicester aro moderately active at prices , that proroiso to bo remunerative , and tho general prospects of all branches . of production are as favourable as they well can . be . Shipping orders for hosiery keen the manufacturers well ejnployou , and unable to aooumulato fltooUs j ana a good uo « l ta doing for tUohorae f « U trade .

      A good spring trade is also expected with the United States . ' . ' .. ' The silk trade reports from Manchester , Macclesfield , Coventry , arid Spitalfields are again satisfactory . There is a brisk demand for goods of all kinds . Iri Birmingham and Wolverhampton the tendency to improvement in the various branches of the iron , copper , and hardware trades noticed in our last , has been confirmed in the present week ; but there still is , and perhaps there will be for some time longer , some

      depression in particular branches . " The banks , " says . one of the most reliable reports , " are paying out more money on Saturdays to manufacturers for wages , there are feV ? steady , clever workmen out of employ , and the reports on all hands are more favourable . " For Russia , heavy castings and heavy hardware are in great demand , and the last Indian , Brazilian , American , and Australian mails have brought considerable orders . The cutlery trades of Sheffield are brisker , and the improving tendency is becoming daily more confirmed .

      The iron works in North and South Wales are increasing their production . The Frood Works Siear Wrexham are producing about 200 tons of pig per week . The Staffordshire potteries are fully employed . Numerous foreign orders are on hand for ware of all descriptions . The Irish linen trade continues active and improving . At the county markets round Belfast more is doing on all hands . At Magherafelt and Moneymore stocks are small and prices rising . At Armagh last market day goods of all kinds were in brisk demand at the extreme rates previously obtained . At Lurgan diapers and damasks met a fair sale at full prices ; lawns w ere

      dearer . At Ballymena there , was an average supply which was sold oft' at the advance lately obtained . At Belfast the trade in hand-loom linens is good ; drills meet with ready sale ; prices are firm , at a small advance , and stocks are small . Printing lawns and cambric handkerchiefs are in improved demand at steady prices . Light linens for bleaching very brisk at higher ratesj and goods for dyeing and for hollands in good demand at the late advance . Stocks are quite exhausted . Heavy linens , a brisk sale at improved prices , and stocks very light . The reports are much the same as to power-loom linens . In this class of drills a nio-r derate business has been done at firm prices . In heavy linens the demand has increased , and rates are firm . Light linens for bleaching are wanted , at prices in favour of sellers , and stocks are low . Printing lawns

      and linen handkerchiefs are the same . Roughs steady , at previous rates , but stocks are exhausted . Unions without alteration . There is a better demand for white linens , at advancing prices , and stocks are only moderate . In fact , the home-trade is very healthy , while the Foreign is steadily improving . The discouraging accounts from abroad with respect to the yield and the quality of this season ' s flax crop has imparted much activity to the local flax markets , and the supplies of new are eagerly bought up at advancing rates . The quantity at all the country towns is rather increasing , and the quality is good- Suinners have advanced their prices l £ d . per bundle for line yarns , since our last , and there being still a brisk demand , large quantifies have changed hands . Tow yarns have also been advanced ljd . per bundle . There is a good export demand for this , class of

      yarns . At Dundee , the price of flax has advanced since our last from 2 / . to 8 / . per ton . There is a very brisk inquiry for it , and a good deal of business has been done at the advanced rates , while the tendency is still decidedly upwards . Tows and cedillas are also in increased demand , and full prices given for all descriptions . Jute is also in demand at improving prices . Higher prices are demanded by spinners for almost all kinds of yarn . In linens , however , there is no special improvement to be noticed .

      No. 442, September 11, 1858.] Tte X. E A...

      No . 442 , September 11 , 1858 . ] TtE X . E A . 0 B B ., 947

      Commercial And Banking Delinquencies. Tu...

      COMMERCIAL AND BANKING DELINQUENCIES . Tub Liverpool Chamber of Commerce submitted their half-yearly report to the Chamber on Monday . Tho report statbd that— " Tho bill on the subject , of the bankruptcy law amendment , would be introduced next session , and as it was found to carry out the regulations of tho bankruptcy conference in October , it had received tho support of the council . Tho council had also examined and petitioned in favour of tho Joint-Stock Banking Companies Bill , praying , however , for more ample publication of accounts , especially with reference to tho character of tho investments . Tho council had also adopted measures in favour of the PartnorsJUm ^ fo giatra-, tlon Blllp ^ Hltnjptirdtfig h " wi £ l ' rili ' " awn last aosslon , would bo rointroducod . Arrangements had also boon made to introduce tho United Kingdom Writs Bill next session . Tho law relating' to debtors residing in foroign countries had also received oqroftil consideration , and an amp ^ o ropprt bu . this subject , pointing out tho peculiar privileges of certain partios lu tho United Kingdom , had boon prepared and issued to members . Tho report also culled attention to the circular which had boon issued in Fobruary , explaining tho state of the law as regarded private arrangements ytith creditors , touching billa of ex-,

      change fraudulently obtained . The custom prevailing in Canada and elsewhere as to preferential assignments to creditors was under investigation by the commercial law committee . The council had been given to understand that a scheme for the establishment of tribunals of commerce was in preparation by the Legislature . Attention was drawn to the . report of the committee of the House of Commons on the Bank Charter Acts . The subject of the government of India had occupied the attention of the council , and the act lately passed embraced , to a certain extent , some of the suggestions which they had made . A great deal of information had been elicited by the council on the subject of the excise duty on the manufacture of paper ,

      but the recent resolution of the House of Commons on this question had tended greatly to relieve them of their labours . A deputation from the Chamber to the Treasury and the Board of Excise had been sent on the question of the duty upon deficiency of spirits in transit , and they were assured that the subject would receive careful consideration . ¦ The Treasury had also been , memorialised on the subject of obtaining statistics of the import , deliveries , and stocks of bonded goods , but no reply had as yet been received . The Council had also memorialised the Government , but without success , upon the subject of an improved postal communication with the West Coast of Africa . The Liverpool

      Improvement Bill had passed , and the Town Council were in treaty with Government for the erection of a new Post-office contiguous to the . public offices . The subject of the electric telegraph communication with . Holy head had also received attention . With respect to the differential rates of carriage for goods between Manchester and London and Manchester and Liverpool , the Council were happy to report that such alterations had been made as would to some extent remove the grievances to which Liverpool had hitherto been subject . At the wish of the Board of Trade the Council had obtained and forwarded information as to the average rates of daily wages paid to labourers in the district . "

      Russia. The Russian Captain Tchichajoff ...

      RUSSIA . The Russian Captain TchichajofF brought to Trieste the treaty concluded between Russia and China on the 1 st ( 10 th ) of June . The important convention , which is said to be in Russian , Chinese , and Manchoo-Tartar , is now on its way to St . Petersburg . When the Russo-Chinese treaty of the 16 th ( 28 th ) May is published , it will be found that the St . Petersburg Journal was too modest when it stated that the left bank of the Amoor was to form the frontier of Russia . That part of the right bank is to remain in the possession of Russia which . is between the confluence of the Shilka and the Argun , and the spot at which a river called Usuri falls into the latter . The Chinese are to enjoy the privilege of navigating the Lower Amoor , and the Russians will be at liberty to trade on the Songari . A glance at any good map of Asia . will clearly show that the Russians will

      still be in very dangerous proximity to Pekin . It is worthy of remark that the Russian writer speaks of XicholajefFsk , Marilnsk , and various other places lying on the right bank of the Lower Amoor , as if they still formed part and parcel of the Russian empire . " A railroad , " says the St . Petersburg correspondent , " is to be made along the coast from Nicholajeffsk to Castries Hay . " The acquisition of the Sardinian port of Villafranca by the Russians makes the shareholders of the Aus t rian Lloyd feel excessively nervous and uncomfortable . It is said that the Russian company , which is to work with a capital of 80 , 000 , 000 roubles , will receive a very large subsidy from the Government . It is currently reported that between 300 and 400 gun-boats are being constructed in the United States for the Russian Government . Their destination is understood to be the Black Sea .

      Russia In The Mediterranean.—Tho Journal...

      Russia in the Mediterranean . —Tho journals of Nice announce that an order has been given to cleat out as quickly as possible all tho warehouses which surround the dock at Villafranca . This fact favours the probability of a statement made some time ago , that the dock was to be ceded to a Russian steam navigation , company . Tho Odessa Steam Company will , it is said , bo placed in possession of it , and tho vessels of the Russian navy aro to turn it to use as a port to touch at , and where they may also keep a supply of spare stores of all kinds .

      Tub Forced Currency in Austria , —Tho Vienna Gazatto publishes tho imperial decree for the resumption of cash payments by tho National Bank , which wo havo already mentioned as being about to take plaoo . The jO # cliango .. of- * . nofcoa- ^ foivoash ^ vilKbirTmM'Otrecossivoiy , according to the different amounts , boginning with the smallest . It will not , however , be until the month of October next year that the present forced currency ° f bank-notes will have entirely ceased . Qojld ( AuaxRAUA ) . —In the" year 1857 , 48 , 815 oz . of gold ( value 185 , 188 / . ) woro oxp ' ortod fro »» Now South Wales , and 2 , 720 , 056 oz . ( value 10 . 800 , 200 ? . ) from Victoria . Tho gross total quantity of gold exportod from both colonies botwoon May , 1851 , arid vo ~ cenibor , 1857 , to estimated at 17 , 023 ,-UO o » ., valued at Q 4 , 122 , 8 Q 0 &

  • Citation
    • Leader (1850-1860), Sept. 11, 1858, page 27, in the Nineteenth-Century Serials Edition (2008; 2018) ncse.ac.uk/periodicals/l/issues/cld_11091858/page/27/