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Jra 4m. March 12, lSS^] THE LEADER. 347
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GENERAL TRADE REPORT. Xondon i Friday Ev...
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MONEY MARKET & STOCK EXCHANGE.
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Friday Evening. The funds were flat to-d...
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Robert Mabbs, Upper-street, Islington, m...
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BANK OP ENGLAND. An Account, pursuant to...
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State of Trare jn Francis.—The shopkeepe...
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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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.
Jra 4m. March 12, Lss^] The Leader. 347
Jra 4 m . March 12 , lSS ^] THE LEADER . 347
General Trade Report. Xondon I Friday Ev...
GENERAL TRADE REPORT . Xondon i Friday Evening . All our markets continue steady , and -without activity . The markets in Mark Lane and in Mincing Lane are quiet and dull ., We never remember a period when th £ commercial world was , for tlie public , more uninteresting than at pregant . The tea market , in consequence of the reports from China , continues firm . . A circumstance of some importance to teadrinkers is mentioned by W . S . Shuttleworth and Co ., in their tea circular of March : 10 th . They say that a considerable quality of damaged tea , perfectly unfit for consumption , and no better than decayed vegetable matter , has been publicly sold , and , after being re ^ washed and dried , is to be mixed the
Wales are busy with railway orders from abroad , and are likely to keep so : for some time to come - . Birmingham . —Trade is generally good , but not so large as it might be . . . . We are sorry to Tiave to state that the shoemakersstrike is on the increase . The masters have introduced the Revving machine , and have expressed their determination to use it permanently . The operatives who have joined the strike are being supported by funds raised from workmen in employ ; but it is calculated that this state of things cannot last long , and that the- men wil have to give in . The coal miners nave hot all returned to work ; but the strike is dying out in several districts .
with other teas , adulterating them , and sold to public . The transaction , as they describe it , is extremely reprehensible , and they raise a public question of great importance—to wit , the duty of the Board of Customs to allow such tea to be sold . Is this body , wliich levies the duties on tea , bound to see that all the articles which it permits to pass are genuine and fit for consumption ? Messrs . Shuttleworth , by their complaints , imply that it is . We have no recollection of the question having been mooted before ; nevertheless , there does seem to be an obligation oh the Board which passes a commodity as tea to be sure that it is tea . If this be the duty of the Board of Customs as to tea , it must extend to wine and all other things which pay Customs duties , and it should guarantee the "njmiiiiess of every article on which it levies a ¦
tax . . . . ' ¦ , ¦ . ¦ We have not very much of importance to report from the manufacturing districts . If anything , trade lias slightly improved . This is to be attributed to the partial dispersion of gloom caused by the apprehension of a Continental war . As far as the export trade to the Continent is concerned , orders from the German markets have eome in rather pore freely , but there can be no doubt that trade continues to be greatly restricted , in consequence of the uncertainty as to the future whicli continues to prevail . Our remarks , of course , have special application to the foreign trade . With reference to the home trade , we believe , from inquiries \ ve liaye instituted in quarters likely to be well informed , in iratters connected with the actual condition and' prospects
of commerce , that the trade of the country is in a sound condition . The discount houses , which are tolerably good judges of what is going on in the commercial world , report that at no time within the last twenty years do they recollect so little of what is termed speculation business being carried on . Of course , in a country like England , with its vast commercial complications , it will always be in-possible to do away with what js called speculation business , and then , again , it must be recollected the line between legitimate and speculative trading , in some instances , is so fine as to make It excusable in the case of traders who . do not look very closely to where the one ends and the other bee-ins .
Liverpool . —A very good , but not a large business has been done in cotton . The prices are well kept up . The last ad vices from America being regarded as favourable , caused a brisk business to bo dope . Manchester , —The Indian orders , of course , keep spinners and the mills well employed . For yarns there has been a very good market . German orders have come in frocly , and shippers begin to feel more confidence The prices are about Jd . per 1 b . higher than last week , and we should not be surprised if wo Jiad to record a further advance , as even id . uer l ' b . more has been
fivea in some instances . The trade in yarns for nclia has also been good ; but we are glad to li . ave to state that- the bulk of the trade this week has been for the home and continental markets . TJio cloth markets is also firm . For shirtings and other India fabrics the markets lias been active . Manufacturers are not over supplied with stocks ,, and as thoy are well furnished-with orders for delivery by n stated timo , they are at ease , and , of course , are not disposed to accept lower ljricos .
Lisi & nn . —The hulls lmve Imon . fa'ivly attended . Sonsonoblu yvodrt nru in dcunnnd ; but high priced Qualities are not bo much In demand . IJn . ini ' iiiti ) , —Tho wool trade is quiet . Caution appears to ha in the nacondnrit , and purchases ura eon-Boijnently limited . Tlio Bristol wool fair was woll attoniled by growers nnd staplers ; hut tho business ilono ¦\ Viu of u restricted ehnracUr . Prices woro generally higher at tho liiir on tltu first day . In worsted yarns thorn is n fair business for homo consumption ; hut for export tho dumnud Is quiot . Tho pioco goods .
nuiioiigh prices are not so lilgli ns a low weeks ngo , tlioy still oontinuo i \ vm , nnd where parties nro disposed to glvo way , lnrg'o ongngomonts aro imniodiatoly ontoi'od into . Tlio i ' anoy dannrtmuuts for goods sultod to tho SOH 8011 continue brisk . I . iarcijriTKii . —Tho hosiery trade continues acttivo , ond tltti Itnittlng-jlramo dlatrictii also continue to lio well « jnj > l « ypd . Won-JNOHAM . —Tho hosiery trade Is rathov quiotor . lhu la < io . trade still eontlmioa dull , but In nlnln gooda a jnoro native demand has boon oxporlonood . In silk nnd "uioy goods no demand oxista , Tub Iuon TriADu . —bo ' utli Staffordshire and South
Money Market & Stock Exchange.
MONEY MARKET & STOCK EXCHANGE .
Friday Evening. The Funds Were Flat To-D...
Friday Evening . The funds were flat to-day , after being buoyant yesterday and the day before ; Consols opened at 96 ^ but on the -arrival of a telegram from Pari s , announcing a fall in the funds , declined considerably , and were at one time at 96 , sellers . Towards the close of the market they rallied , and , after hours , were done at 96 J . The war apprehensions , or apprehensions of dissensions and Cabinet changes at home , operate unfavourably . In the week , hopes of peace were strengthened ;
and , in consequence , ana -snares were generally looking upwards , or had risen considerably . To this cause is owiiig the speculative action which has begun at Liverpool in cotton . The holders and merchants there expect , from the continuance of peace , agreatly increased consumption of cotton in England and on the Continent . They believe , therefore , that it must be dearer , and they are , by then- purchases , beginning to make it so , which will have the effect of checking , in good time , the consumption and the production of more cloth than will : be . required . It will save spinners
and , mariufacturerij from now working too fast , to be brought hereafter suddenly to a total stop by " the scarcity or excessive clearness of tlie ' raiv material . Though such speculative purchases are occasionally decried , they tend most beneficially to preserve a constant equality between tlie supply and the demand . The same cause whieii has induced this speculative action has tended to enhance the rate of money , for which there is a somewhat increased demand . The terms , too , are higher , but the market srenerally becomes more stringent as money
is collected m the Bank of -. England'tor taxes . Now that the '' peaceful conimercial public seem to have made themselves heard and attended to by the Continental war-seeking politicians , we hope thoy Avill continue tin enforce their demands for peace . If society generally he peaceful , the Sovereigns cannot carry on war ; and we must look , therefore , more to the general disposition of society than to . the schemes of politicians , to form our auguries for the future . The Bank of France returns for March show a
large increase of bullion , and the stock in that bank now amounts to 22 } millions . Trade in France seems to have suffered much by the war agitation , and the bills discounted in March arc 1 £ millions less than in February , " Into our country , too , more bullion is coining in than is going out , though the exports to India are large in the present month , and the accumulation of the precious metals is another proof of the comparative stagnation of trade . Attention has been directed to a movement on the part of tha Great Western Itailwny—Midland Counties—to procure the insertion of clauses into a railway bill , to relievo this company from tho obligation to regulate , their fUl'os by tho clauses of their previous liilld . Many of the manufacturers and others interested in tho carriage by the main lines remonstrated n # ainHt this proceeding , and on Tuesday a deputation from tho Chamber of Comniorco of Birmingham , headed by Mr . Spopnar , M . 1 V Lord Culthorpe , M . V ., nnd Mr . H . B . Shoridnn , M . P ., waited on Lore I Donoughmoro , to draw tlio ntlention of tlio Government to the bill . If there bo any intention of smuggling tho bill through Par ^ umcnt , we hope it will bo defeated .
Robert Mabbs, Upper-Street, Islington, M...
Robert Mabbs , Upper-street , Islington , milkman . Robert Webb , East Indi * -road , apotkecary . Edwin Freberigk IInwin , Strand ,, hosier . GtEOkge Merrony , Maidstone , licensed victualler . . . ! WiEiiiAM John Foveraker , Tiverton , innkeeper . Alfred Metoalfe , JBridlihgton , Yorkshire , draper . Thomas Gibbons , late of Stockport , linendraper . , Friday , March 11 . BANKRUPTS . Robert Wheeler , 58 , Crawford-street , Bryanstonsquare , oil and colournaan . John Elliott > Farnliam , Surrey , blacksmith . John Lambert , Nottingham , tailor . . William JoiiLiFFEGREGORVjKingweston , victualler Jonah Jenkins , Llanharran , Glamorganshire , shoe maker . ¦ ¦¦ .. ' . Thomas Slator , Paddington , grocer . John Weston Bekdei , Minories , carman . James Hunt , Warwick , miller and baker . Edward Lacey , Horwick , Derbyshire , builder . Francis Witton Hxjggins and Charles Witton Huggins , Derby , v » ine merc'bants . Thomas Leake , jun ., Nottingham , furniture dealer . Edward Hawkes , Birmingham , tobacconist . Joseph Baxter , Birmingham , builder . Walter Boutchek Masters , Hackney-rd ., draper . George Morris , Kins Edward-street , Newgate-street , licensed victualler .
FROM THJS LONDON GAZETTE . ' Tiumluy , March 8 . BANKHUMTa . Ciiaiu . ijs * Duvv , Clieapsido , anil Froonmn ' a-court , ( JheiipsliJo , printer . > TiiOMArt Nkwman , Hhulolvoston , Norfolk , genoral cthopkoopori
Bank Op England. An Account, Pursuant To...
BANK OP ENGLAND . An Account , pursuant to the Act 7 th and 8 th Victoria , cap . 32 , for the week eu < iiiig- on Wednesday , the 9 th daj of March , 1 S 59 : — ISSUE DEPARTMENT . Notes issued ...... £ 03 , 721 , 015 Government Debt . £ il « O 15 , lO 0 ) thor aecurities .. 3 , 45 i ) , « 00 . Jold Coin & IJullion 19 , 240 , Oli 5 ¦ ji lvw Uullion .... £ : J 3 , « 1 , O 1 C . £ 33 , 7 ^ 1 , 015 BANKING DEPARTMENT . ' ¦ Proprietors' Capi- . Government Sccutal ........ .. £ 14 , 553 , 000 rities - ( including ¦ Rest ... ...:... 3 , 048 , 821 IJead Weight l'iiblie Deposit s ( iu Aunuitj- ) ..-..., .. £ 10 , 00 ( 5 , 147 chuliii" - Kxehe- Other Securities ..: lfi , 4 / 4 , / 50 qiier , ° Savings' Xotos J 3 . -285 . -0 5 Banks , Commis- Gold and Silver siciiKvi-s of Xa- Coin ... . 70 ^ , 00 / tional Dobt , and Dividend Ac-.. counts ) ......- .- • 8 , " 4 ] , l ( i 2 OtlK'i- _ Dfposits l' 3 , * 40 , 2 ap Seven" Day and other Bills 7 TQ , 7 Q 6 ., ¦ ¦' . £ 41 , 160 , 000 £ 41 , 100 , 900 ftl . MAKSIIALL , Chief Cashier . . Dated March 10 , 1850 .
State Of Trare Jn Francis.—The Shopkeepe...
State of Trare jn Francis . —The shopkeepers of Paris , particularly those who supply the English , complain that trade has not been so bad as at present since tlie year 1848 . A letter from Lyons says— " Nothing is changed in the position of the great' commercial houses . The manufacturers continue to receive orders particularly from Italy . Orders have been received from the duchies of Modena , Parma , and Reggio , which dp not please our commission agents , as they afford but little profit . Ox'ders were received from Messina and Palermo for a quantity of coloured handkerchiefs , at such a low price that the manufacturers refuse to execute them . Manufacturers of jewellery in imitation of precious stones sot in gold have received orders from Belgium , Italy , and Spain ; there is no demand for jewellery in pure gold , " Accounts -from Bordeaux , Havre , Lille , Marseilles , and Nantes state that trade is dull in all those towns . Tho Paris flour market was firm last week , notwithstanding the bakers showed little inclination to purchase . Tho millers , complain in several places of a deflcienoy of water , and , as tho season for snow is past , it is feared that tlio rivers will bo too low next summer to enable tho mills to work . Under theso oircums tan cos . tlio' millers refuse to mako any further reduction in tho price of flour . IIai-k 1 Ioi . io . ay .--A . mooting of bankers' dories and others intorostod In tho curly closing of those establishments , and in carry ing out tho . Siilurdiiylmlfholiilay muvemont , has taken plac ' o ; Mr . Hoynolus , ofthuftrm ofMussw . Oilyn and Co ., prusJdinff . It was intimated , that notivo endeavours aro being tnado to canvass the spkso anil colonial brokers , whose transactions on tho Saturday alone prevent tlio concession , and that savornl firms show a disposition to make tho necessary arrangements , borne or tno larger Iiohbos yet , liovovqr , hesitato to give their consent , but it la novortlioloss still hoped that on further representations tho partners will adjust thqir ongagoinonts so « is to allow of tho privilege to bo onjuyod by tho nuinorous employees of the London bankers . If this object can bu attained little'difficulty will thon interpose to a gonoral half-holiday among tho whole of the mercantile community .
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Citation
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Leader (1850-1860), March 12, 1859, page 27, in the Nineteenth-Century Serials Edition (2008; 2018) ncse.ac.uk/periodicals/l/issues/cld_12031859/page/27/
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