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No- ^ J'^m l5.1889,l THE £ E;A.DJEjy 91
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RAILWAY INTELLIGENCE
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At the half-yearl}' meeting of the Londo...
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Et>E>* Valley Kaiuvay.—The letting of th...
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Question An LE Savings' Banks.—Occasiona...
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HOME, COLONIAL, & FOREIGN PRODUCE MARKET...
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REVIEW OF THE WEEK. Mincing-lane, Friday...
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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Transcript
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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.
London, Friday Evening. The Contrast Bet...
HVBBpool . -- There has been a good but not a very large trade doing throughout the week . Prices are ^ unchanged—Surats , 4 id . to 6 d . ; Egyptians , 6 id . to 9 d . ; Persians , 7 fd . to 8 id . ; Americans , 5 d . to 8 d , . _ .. ^ I ^ NCHESTEB . -. The large orders for the East which Lave been already executed , and the large orders on hand in process of execution , are beginning to attract attention , and questions are being raised as to the possibility of glutting the India and China markets J , the unusual supplies we are sending to those quarters . Acainst this feeling is to be placed the fact that the very last telegram from the East gives an encouraging picture of the Indian markets , asserting that the large supply is only ¦ commensurate to the large demand , and that it is owing to the very low state to w hich stocks had subsided that the increased demand for goods of all
kinds is to be attributed . We hope this will be found to be the case , as the activity which has been produced in our markets came most seasonably for manufacturers and for operatives . The yarn market lias not been so busy as it was last week , not , however , from-any falling off in business , but because the supply is really short of the demand . The spinners get full rates for all they can supply immediately . Buyers , however , hold back from making contracts when delivery cannot be ensured at furthest by the first week in March . The news from India has so far affected the market as to cause the demand for cloth to be greater than that for varns . But the truth is that yarns cannot be supplied at present in sufficient quantity , and stocks of any magnitude are nowhere to be seen . It was . assumed that the threats of war on the Continent had
very firmly maintained ; in that respect no retrogression whatever being apparent . Some very fair contracts were given out , and amongst consumers generally there is a feeling of confidence that prices are not likely to recede . All the principal makers are pretty full of orders , within the last week or two a good many having come in from Australia' the United States , and from India ; and shippers are manifesting a disposition to increase their operations . The price of pig iron are scarcely 30 high as We , last quoted it , but there was no positive alteration of prices declared to-day . Ironstone and coal are in active demand . Prices have a tendency upwards . ¦¦¦ . ¦" .
As regards manufacturers' iquarter-day , this has been the most healthful one experienced for the last fifteen months . Accounts were well paid . The Wolverhampton factors are in good spirits , and many of the manufacturers are busy , they having a good supply of orders beforehand .
affected . ' business . here , but this is not the fact ; wherever business was apparently slack it was because warehousemen and-manufacturers had nothing to sell We understand , however , that orders have been taken for March delivery , and that it is difficult , if not impossible , to get spinners to take orders for earlier delivery . As far as prices are concerned , it may be said that high prices rule generally . The demand for shirtings , madapollanns , and jaconets for the Indies still continues very good . In yarns the demand is not so exclusive as in cloths ; prices keep very firm at last week ' s advance . Of course it would be presumptive in us to urge buyers and sellers to use caution , but we know there have been such things as " gluts" in the Calcutta and Bombay markets , and that much embarrassment has been the consequence , and it is this knowledge that induces us to volunteer a word of advice . .. ¦ .
, Leeds . —The new cloth which has been brought to market has gone off pretty well . The old stocks have also been diminished by buyers . The demand has principally fallen on the best all-wool cloths , fast colours , blacks and -whites , which may be dyed any colour . It appears that this demand arises from the strong competition which these cheaper fabrics , are entering into with West of England cloths , and if the quality continues sufficiently good , it is expected that this cloth will drive out of the market many qualities of
West of England make . There has also been a tolerably brisk call for light fabrics , and a very fair business is doing " off" the public markets . The prospects both for the home and export trade for the year are considered to be better than they have been for some years past . The flax trade is only moderately biisk , prices;—that is , of the raw material principally—have an upward tendency . Both as regards the stuplo trades , the silk and the iron trades , business is better now than it was lust year .
Bradford . —In English wools not a very large business was done this week ; this is attributed to the high prices askqd for bright-haired or lustre wool . Prices , however , have been firmly maintained , and , if anything , an advance rather than a full in present prices may bo looked for . The staplers have only very light stocks of wool for the season , and if the demand continues at tho present rate , tho apinngra will have to give higher rates . Mohair noils and brokos aro more inquired for . The homo trade in yarns ia still very good , yarns for export aro in request , but exporters hold back their orders as tho prices asked aro above their limits . Tho trade for some months past has been of a sound character . Wools firm in price 44 s . to -15 a . per rod . Yarns have advanced W . to X ; £ d . per lb . Aa far as tho hosiery trade in tho country districts is concerned it is very good indoed .
LisiOEawsn , —A fair buaineas is doing in the hoaiory trade . Manufacturers aro engaged with their orders , and tho trade generally looks prosperous . Masters and workmen are fully employed . Tho same may bo said of tUo Loughbowuglv trade . Notmwgham , — . A email but alow improvement ia visible in . jtho laco trade . As the yoar advances the demand , is expected to increase . Wo understand even now that more machinery ia being put on and longer time worked . In plain nets there hoa been rather more aping , other plain goods are in better request . In noBjory , the demand continues unabatad- ~ home and toroJgn trades are alike buoyant and active .
ElW Jjjon Tiiadm . — . Tho uaual quarterly mooting of tue Ironmasters of thia dlatrlot waa held nt Wolvortmmpton on Wednesday . Tho attendance of the trade waa not numerous , and tho prevailing opinion appeared W bo thai thew , > vft 8 BOarco i y Bo . much buoyancy as oxutea a fortnight ago s prieoa woro , notwithstanding ,
No- ^ J'^M L5.1889,L The £ E;A.Djejy 91
No- ^ J '^ m l 5 . 1889 , l THE £ E ; A . DJEjy 91
Railway Intelligence
RAILWAY INTELLIGENCE
At The Half-Yearl}' Meeting Of The Londo...
At the half-yearl } ' meeting of the London and Greenwich Railway Company , a resolution was passed , declaring a di % idend of 1 / . 7 s . Cd . percent , ( or 5 s . Gd . per share ) for the half-year on the ordinary stock of the company , payable by warrant , on and after the 15 th of January . . Arrangements arc in progress for giving the Great Northern Railway Company a goods depot at the Brunswick-wharf , Black wall , and also for connecting the Blackwall line ' with the East India Docks , so that goods from the London and North Western and Great Northern . Railways may be taken in the railway trucks alongside the'shipping . A call of 1 U / . is to be paid on the shares in the Danube and Black Sea Railway and Kustendjie Harbour Company by the 1 st February . The half-yearly meeting of the New Brunswick and Canada Railway and Land Company is convened for the 27 th instant . ' .
Et>E>* Valley Kaiuvay.—The Letting Of Th...
Et > E >* Valley Kaiuvay . —The letting of the works for the formation of this line took place on the 6 th inst . at Applcby : The contractor is Air . Lawton , of Newcastle , and the sum is 7 o , 000 / . The highest tender was 92 , 000 / . The line is to be completed by September 1 , I 860 . . ' . . ' . . •¦¦ Great Indian Pesissulab Railway Company . — The report that the directors were about to make sales in their 4 / . shares is wholly unfouiided . There is reason to believe that , in conformity with their intention expressed in the last report , they will grant permission to the shareholders , next March , to pay up in anticipation of calls , unless the money market should become unfavourable . Cape Town Railway and Dock Company . —The supplemental report , issued by the directors , states that important amendments have been made in the contract with the Colonial Government , and that arrangements for the construction of the line have been completed . The contractor has undertaken to finish the works , exclusive of rolling stock , for 400 , 000 / ., which includes the amount required to pay the 6 per cent , interest during construction . The works are tp be completed within two years and a half from tho 5 th , October last , or six months within tho time required by the contract with the colonjal authorities . The contractor has given security to tho amouut of 25 , 0007 . for the general performance of tho contract . No further call will be made before Muy next ; but meanwhile shareholders have the privilege of paying in anticipation . The directors announce that the lirst payment of interest , calculated up to 31 st of March , will bo made in April , after which it will tako place half-yearly , in October and April .
Question An Le Savings' Banks.—Occasiona...
Question An LE Savings' Banks . —Occasional letters aro received ontroatiug that a warning may be givou to tho public regarding certain new savinga' bauka in Loudon nnd tho provincoa which offer tho tomptation of high rates of interest , and profess to be iu possession of subscribed capitals under the Limited Liability Act . It is , however , impossible , oven though very decided opinions maybe entertained with regard to them , to expose any mischief until tho occurrence of actual defaults , such as aro usually not allowed to tako place until the last funds hayo been squandered . All that' can bo done is to urge ovory poor person to consult his employer or sorno established business man before entrusting his savings to any fresh concern , especially if tho promises made are particularly attractive . —Times . Tiih Poiw ov Hamburg From a return lately published it appears that tho number of ships that entered tho port in tho yoar 1858 was 4304 , with orowa of 44 , 640 men , againat 60 G 7 in 1867 , with crowa of 51 , 740 men , and 6201 In I 860 , with . 40 , 20 , 4 men , Tho dooroaae of last year has boon caused by tho depressed state of trade . Of tho various nations tho English woro tho moat numerous , the total number of voaaels Bailing under tho British flog 1 bolng 1608 j tho . next boing tho Hanoverian , immborlng 781 . Only 22 shlpa bolongod to tho United States .
Home, Colonial, & Foreign Produce Market...
HOME , COLONIAL , & FOREIGN PRODUCE MARKETS .
Review Of The Week. Mincing-Lane, Friday...
REVIEW OF THE WEEK . Mincing-lane , Friday Evening . The week ' s transactions do not sum up largely , but are of sufficient magnitude to indicate the progressive condition of the home trade . For export but little is doing , nor is much to be expected until the season is further advanced . The Arnerieari mails have , however , brought a better sprinkling of orders for some few articles . Speculation continues nearly a dead letter , and circumstances conspire to keep it so . It was thought that the prospective with which the- year opened would in due time have encouraged at least a partial revival , but these expectations are for the time dispelled , by the
threatening aspects of political affairs . The Indian advices have also added another obstacle to speculative operations . At Calcutta , the cry from the interior of failing crops and short supplies had been followed , in one or two instances , by such a goodly abundance in the bazaar as to increase considerably that judicious hesitation with which crop estimates in general are usually received . But beyond impelling any return of speculation still further into the future , these circumstances exercise but little influence on our home markets . The dealings , being regulated solely by actual requirements , respond only to the general consumption of the country , and of this appearances are as promising as heretofore , In quotations a healthy freedom from any material fluctuation is still the prevailing feature .
Coux . —Supplies both of English and foreign gram still come to market slowly , and prices are in consequence firm , although the business passing is necessarily restricted . English wheat has sold readily as offered at the full advance of last week . Choice heavy , old , pGs . to 52 s . ; good new , 48 s . to 50 s . ; runs , 46 s . to 47 s . ; choice old red , 45 s . to 49 s . ; select new , 44 s . to 45 s . ; runs , 42 s . ' to' 4 . 3 a . ; common , 39 s . to 40 s . per quarter . Foreign is very firmly held . Fine high mixed Dantzic , 55 s . to 56 s . ; good mixed , 5 is . to 53 s . Brabant and Louvain , White , 45 s . to . 47 s .: red , 44 s . to
45 s . ; French red , 41 s . to . 43 s . ; St . Petersburg , 41 s . to 42 s . per quarter . The flour trade continues very steady at the extreme ' of late rates . Town made , 40 s .. ; town households , 33 s . to 34 s . ; country ditto , 32 s . to 33 s . } Norfolks , prime , 29 s . per quarter . Fine malting barley has advanced Is . per quarter . The scarcity of this description is increasing ,. Black Sea samples have sold more readily at rather better prices . The imports have been moderate . Choice qualities of malt are taken off more readily . Ware , 67 s . ; fine ship samples , 63 s . to 65 s . ; inferior , 56 s . to 58 s . Beans have met an improved demand , and prime qualities are rather dearer . Peas continue to find but a slow sale , on terms in favour of the buver .
CORN AKRn'ALS . English . Irish . Foreign . Wheat qrs . 4395 — 11 , 439 Barley „ 3794 — 15 , 296 Malt ,, 19 , 629 — 19 , 639 Oats ,. 5410 — 35 , 721 Beans „ 1007 — 1034 Peas „ 279 — 524 Flour , sks . 17 , 359 — 325 Ditto brls . — — 1500 LONDON AVERAGES . Qrs . s . d . Wheat 3222 at 44 10 Barley 908 „ 34 1 Oats 1406 ,, 24 8 Beans 452 ,, 36 3 Peas 171 „ 44 4 Si : ed $ , —Tho arrivals since tlie 1 st instant have been 8050 qrs . East Indin , which meets a steady sale at 65 s . to 55 s . 6 d . for Bombay ; and 52 a . to 68 s . for Calcutta . For arrival , the latter sells at 51 s . 6 d . c . f , and i ,, including bags ; several cargoes Black Sea , off the coast , havo sold at 52 a . 6 ( 1 . to 58 s . per qr . Looking at the return of mild weather , which ia much wanted on the Continent for the rape crops , the market for rape-seed is firm ; fine Calcutta is worth 53 s . ; fine Bombay , 63 s . to 60 s . 6 d . on the spot ; and inferior to good , 45 s . to 56 a . per qr . Linseed-cakos , as the stock has been reduqed , aro firm , but the market at tho close waa less active Potatoes . —With moderate supplies , and rather a bettor demand , prices are firm . York Regents , 90 s . to 100 a . ; Scotch ditto , 80 s . to 95 s . ; Cups , 70 a . to 80 s . j Belgian and French , 70 s . to 80 s . per ton , Sxqok . —Tho supplies of live stock havo boon moderate , but prices , towards tho close of tho week , declined 2 d . per stone on both mutton and boef . Tho following woro tho numbers on offer , and current quotations :- — Monday . Boast . Sheep . Calves . , < Pigs . ' U . 740 B 3 . 700 ' Vi \ 400 3 s . lOd . to Da , 2 d . aa . ioa . to Ba . ad . 38 . 8 tUo / JrS . 10 d . Ss . 0 d . to 3 a . 8 d . Thursday . 1 , 280 3 , 600 1 * 7 170 3 s . 10 U . U ) 08 . Oil . 33 . Bd . to 0 s . Od . 3 b , Od . to la . 8 d . 3 s . 0 d . tio 3 a . 8 d . Pkovxsxojss .- ^ TJuo doad moat markots woro heavy this
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Citation
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Leader (1850-1860), Jan. 15, 1859, page 27, in the Nineteenth-Century Serials Edition (2008; 2018) ncse.ac.uk/periodicals/l/issues/cld_15011859/page/27/
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