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No. 438, August 14, 1858.] THE LEADER. 8...
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Poor-uatks ani> Pauimskism', —2,127,715/...
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GENERAL JRADE REPORT. London, Friday Eve...
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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.
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The London ^ And ^ Nor'th-Westerir The K...
cause it lias the deepest , interest . The noble chairman contended , unless full ]» ower -were ^ iven of stopping " reckless competition and ruinous rates , " that no real good would be effected . If Parliament hesitated to give that power , then let proprietors come forward at meetings aad insist on suitable rates being established- There were hopes that this would eventually be the case , from what had been done by proprietors at -various meetings during the last two or three months . The no 1 ) le chairman suggested that" some tribunal for the settlement of disnuted railway questions should be established , but
he admitted there would he great difficulty in arranging such a tribunal , though certainly he did not conceive the difficulty to be insurmountable . He would suggest that , in adjusting the rates , the company having the shortest line should settle the tariff" —a suggestion well worthy of consideration . The question of subsidising other companies to buy off opposition—a practice not inaptly described as analogous to levying " black mail " - —was then alluded to , and very properly condemned . A railway tribunal , suitably constituted ,
would very soon put an end to this scandalous tax on the fair profits of leading railway companies . That the desire of putting an end to the scandals now prevailing'in the ., railway interest , both as regarded legislation and competition , was approximating towards the universal , would be proved by the fact that the holders of 130 , 000 , 000 / . of railway stock had already given in their adhesion to the system , by which railway disputes should "be referred to arbitration and finally settled . This was the only way by winch injurious competition could be extinguished . The noble chairman , in conclusion , declared that he " looked with
confidence to every railway company responding'to the appeal , and yielding such an assent to the principles laid down as would morally effect the observances of them . " We need hardly say that the noble chairman was listened to with attention throughout , and warmly applauded at the conclusion . The proprietors , and they were numerous , appeared to be of one mind that something should he done to put an end to competition , and they appeared to share in the hopeful feeling of the noble chairman , that competition once ended , and disputes vith rivals amicably adjusted , there was a hopeful future for railways . There is nothing specially to remark upon in the
report or proceedings beyond the circumstance that we think must be obvious to all 3 after an examination of the accounts , that proper economy has been exercised in the various departments of this vast concern , and that a very considerable reduction of expense has been made at Wolvert . on , without impairing the efficiency of that establishment , or curtailing the accommodation of the public . We are of opinion that this meeting will do much to quiet the public mi : id , which has been needlessly alarmed On the question of the stability of railway property , by parties who possibly have special interests to serve , or -who arc not well acquainted with the subject .
To bear out the noble chairman ' s statement at the meeting , that tho traffic arrangements of the London and North-Western Company were quite as good as their rivals , and that the Manchester people were quite satisfied with the accommodation afforded to them , we make the following extract from the cross-examination of Mr . Warth , manager of the extensive firm of Messrs . Cook and Sons , warehousemen , St . Paul ' s-churchyard : —
You are well accommodated by . both lines?— "ies , we are . Have you any renson to complnin of the accommodation given by tho London and North Western ?—No . Before August last?—Not any whatever . They give you , ami have always , or for many years , given very fast trains to London for your goods ?—They have given us great attention 5 wo have been satisfied with the attention they have given . By the Committee : — Did you ever apply for a reduction of tho rates ?—Not that I am aware of .
No. 438, August 14, 1858.] The Leader. 8...
No . 438 , August 14 , 1858 . ] THE LEADER . 8 l 7
Poor-Uatks Ani> Pauimskism', —2,127,715/...
Poor-uatks ani > Pauimskism ' , —2 , 127 , 715 / . was expanded in tho half-year ended Lady-day last , in G 13 unions and parishes for the relief of paupers in nnd out of doors . Tho population of the places referred to was 17 , 620 , 865 . F ^ g irre movabl e paupers 452 , » 14 / . was spent in 610 unions nnd single parishes . The cost of relief to tho irremovable paupers was 80 . 8 per cent , on the cost of roliof to the other paupers , tho proportion having risen 2 . 1 per cent . Tlic number of paupers in receipt of roliof on tho 1 st of January last ( tho middle of the half-year ) wns 902 , 032 , and tho number of ablebodied pauperfl , 105 , 770 .
General Jrade Report. London, Friday Eve...
GENERAL JRADE REPORT . London , Friday Evening . With the single exception of the branches connected with iron and hardware , the trade reports from all parts of the country continue most satisfactory . There are symptoms of a permanent return of confidence everywhere , without undue extensions of credit . Indeed , credits are being curtailed , and as there is little or no tendency to speculation , there perhaps never was a time when commerce looked more healthy or more sound . There are few rumours of disaster . Such as have prevailed have proved either temporary or altogether unfounded . The prices of all leading manufactures are improving ,
employment is general , and there is an . amount of consumption , of raw materials going on as large , if not larger , as in any previous year within our recollection . The harvest is now in full operation over the greater part of the country ; and the reports of the yield are upon the -whole satisfactory . An average crop is certain , while the potato crop in Ireland will be more abundant than any for the last ten years . Under these circumstances , particular ^ - as capital is cheap and abundant , and there is a cessation of political anxieties , the commercial tone has been very cheerful throughout the week , and there is no immediate prospect of any unfavourable reaction .
senngs , have been chiefly in request for shipping , but a good deal has been done in broadcloths . Among the home dealers similar goods have been in request , and in addition they have taken , largely in all qualities of doeskins and checks- The descriptions of fancy trouserings most in demand are brown and white and black and white cheviots- These are being most extensivelymanufactured . The d « mand for woollen and Bedford cords has suddenly revived again , and very few pieces are now to be found in the market . Large orders are being again freely given to manufacturers of these goods , more especially for drab Bedfords at from 3 s . 861
to 4 s . 6 d . per yard . Although there is no perceptifcLe variation in the prices of goods of all kinds offered for sale , the offer of prompt cash in the Cloth-hall this morning has in several instances effected purchases at reduced prices . There is a slight improvement in the demand for pilots and thick linings , -which have not , as is usually the case , been much inquired for during the summer months . The local wool trade continues steady ; manufacturers as usual buying carefully and in small parcels . The Entre Rios , Chilian , Peruvian , and other South American wools are now being more extensivelyused in the low goods manufacture of this district tuan . heretofore . Prices continue firm .
The Leicester hosiery trade has been good , particularly for plain articles , and fancy descriptions continue in fair demand . In the country districts the people are fully employed . Wools and worsted yarns continue in request at full prices . Owing to the season , the home demand for Nottingham lace has been dull , but the prospects for the autumn are considered to be very good . For export the demand is brisk , and some continental houses are busy . Plain goods are yet in request , but in fancies there is not yet much doing . Upon the whole , workpeople are rather
In Manchester , business has been active all the week , aiid extreme prices have been realised for most descriptions of goods . With regard- to yarns , there has been a good demand for export ; and spinners , finding the India and China buyers still operating to a considerable extent , as well as the Greeks and Germans have , after a hard struggle succeeded in giving an upward direction to values . They have been most successful in warps and certain descriptions of cops , all of which are scarce . On the -whole , the extreme prices of last week have been generally and more readily obtained , even , "where no advance has been possible . Some counts of twofold have been found easier to sell . Twist and pin-cops , for home use , have been extremely firm , and an advance of jd . per lb . has been established . The rise , however , has
better employed . Silk remains firm , at late prices . In hosiery there has not been much doing for the home trade this week , and but few buyers have been in the market . Manufacturers are for the most part busy "with orders previousl y on hand , and there continues to be a fair demand for shipping goods . The glove branch ia flat . The stocks on hand of all descriptions of hosiery goods are unusually light . Yarns are firm , with an upward tendency , and manufacturers complain that they are more difficult to purchase than they have been , for some time past .
partially restricted business in this branch , as purchasers have only bought for immediate use . The aggregate business in the middle and lower counts has been , considerable . The principal buying lias been in bundles and warps of water twist up to 30 for export , and in Indian qualities of mule . For these the advance is fully d . per lb . In doubled yarns there has been a fractional mprovement ; and the Bolton spinners of single have also obtained rather better prices . The cloth-market continues extremely steady . For domestics , T-cloths and 86-inch shirtings , the demand is good , and prices are hardening . India and China shirtings -were in active inquiry on Tuesday , and again to-day , most makers being well engaged . All the home warehouses are doing a good business .
The accounts from Norwich are satisfactory . The manufactories are fully occupied . The shoe trade is quiet . The silk trade in Coventry ^ Macclesfield , Manchester , and Spitalfields is improving , although , there are exceptional complaints of distress . The deliveries of the rawmaterial last month were the largest ever known ; and it is satisfactory to observe , that the nature of the operations indicated a resumption of a really healthy tiade , the demand evidently being for consumption . The linen trade at Belfast is upon , the whole in a satisfactory state . At the local flax markets , all the supplies have been quickly bought up at the extreme prices of last week , and as the stock of foreign flax is very limited , some effect has been produced upon the value of yarns . They have rather advanced , and where the spinners have required extreme rates , business has been
" With regard to the ¦ woollen trade at Leeds , no alteration can be reported . Cloth and wools are about the same as last week , but prices are hard , and apparently likely to advance . The public markets have been active in goods for the season , and also in those for winter use , for which there are considerable orders from the United States . In the warehouses a good trade has been done , particularly in heavy goods , for tlic fall trade . All the manufacturers are busy , and the operatives have no cause for complaint . The flax trade of the district is more lively than it has lately "been , and stocks are moving off a little more to the satisfaction of the spinners . The other staples of Leeds are in a satisfactory position , with the single exception of the machine trade , which is only quiet at present .
somewhat curtailed . The light stocks previously reported are not , however , increasing . Tows are wanted chiefly for export . Brown linens at the country markets , at Armagh , lurgan , and Ballymena , including diapers and damasks , were in active demand , and in most cases an advance in price was obtained . Light handloom linens for bleaching have been in brisk request , but demand checked by the advanced rates asked . Stocks moderate . The demand for drills is improving and stocks decreasing . In diapers , with small stocks , little has been doing . Lawns , cambrics , and handkerchiefs met increased sales ; stocks of these goods getting reduced . Goods for hollands and dyeing have been active , at an advance of Jd . to Jd . ^ r yard . Stocks moderate . Power-loom linens have not been so active ; but prices are firmly maintained . White linens for export aro wanted . The homo trade has been dull . But for all this class of goods prices are hardening .
In Bradford a good steady business h as been dono in Englisli wool . Prices are very stiff , and as regards bright-liaired qualities , higher than last week . Noils and brokes are firm at lato rates , while the amount of business doing remains about the same as it has been during tho last few weeks . The demand for worsted yarns for export continues -without an } ' abatement whatever , and there is also a good demand for home consumption . Prices have still an upward tendency , and
buyers in many instances find considerable difficulty in placing orders , as the principal spinners have engagements which will last for some time to come . With regard to piece goods , there is a steady demand both for export and homo consumption . Old stocks have been cleared off ; and as manufacturers aro fully occupied with orders , they aro firm in their requirements , and prices are going up . There are , however , complaints from some of them , that though well employed , these are not making great profits .
In Dundee the demand for the better kinds of flax continues good , and prices are maintained ; but inferior descriptions have attracted little attention . Yarn * and linens are about the same as last week . Certainly , there is no improvement cither in the price or in tho demand . Trade at Glasgo-w is improving , particularly in cotton , linen , and mixed fabrics ; but there is depression in the iron and metal markets . Employment , on the whole , is good . Tho hardware trades of Birmingham , Wolverhampton .
At Halifax there is continued activity in wool and worsted . Both yarns and piece-goods have considerably increased in demand , and decidedly higher prices have been obtained . Long tvooIs of the bright-haired cltiASos aro higher , and altogether tho prospects are in favour of sellers both of the raw material and of gpods . The enrpet trade , of which this is a great Boat , ia steady , nnd employment full . At lluddcrsfleld , the homo and tho export houses have boon operating freely , and they have made large doliVerics of goods without diminishing the demand . The manufacturers , therefore , aro busy , and a cheerful tone pervades tho district . Union fabrics , especially
trouand the neighbouring places have not yet undergone any improvement worth notice ; but within tho last fow days a more hopeful feeling has sprung up . In some departments the home trade is more active ; but these indications of reaction have boforo manifested themselves , to disappear almost as suddenly , and beforo more than a very partial reaction had beoo experienced . Tho bulk of tno factors and trflvollura havfc again rosumod their journeys , an < l as a natural consequence there aro more orders coming in than there wero a month ago , but these are so small as to bo almost inappreciable , and aro barely sufficient to enable tho maaufacturera to
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Citation
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Leader (1850-1860), Aug. 14, 1858, page 25, in the Nineteenth-Century Serials Edition (2008; 2018) ncse.ac.uk/periodicals/l/issues/cld_14081858/page/25/
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