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1170 T HE LE A D E R. [No. 449, October ...
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RAILWAY INTELLIGENCE. A genkbal meeting ...
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The Lucca and Pisa Railway.—This line, w...
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HOME, COLONIAL, & FOREIGN PRODUCE MARKET...
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.
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General Trade Repo&T. London, Friday Eve...
season , although this result has certainly been brought about more by the cautuinof manufacturers in making additions to them than by any very extra demand during the past few months . The state of credit generally in this market is very satisfactory , and there are now none of the unpleasant rumours afloat which so embarrassed manufacturers about this time last year . The local wool trade has presented a rather brisker appearance during the week , several of the larger manufacturers having been in the market . Low goods still sell slowly , . the letters at the of the
i ticularly in the cabinet branches , are more active . With regard to Wolverhampton , there is an increased demand for iron . Generally there is more activity in the district . A great number of the colliers who have been oa strike have returned to tlieir work , ana although there are still some pits at which operations have not been resumed , it is believed that the strike will gradually die out . In Sheffield , notwithstanding a scarcity of employment in some branches , most establishments are moderately busy . There is an increasing demand tor „ ~ .. 4-i ~ - ~ -t &\ y t-. Via AmfiH (» nn jiml Indian marcutlery for the American ana xnaian
mar-In Halifax all beginning week reported a better feeling , spinners finding orders plentiful , yarns for the home market being in speeial request . Manufacturers , particularly those who make fancy goods , are quite busy , and there is even some improvement as regards prices . This brisk state of things has had its effect upon wool , which is held very firmly at late rates ; indeed lustre soTts are in some cases a shade higher . In Rochdale the trade in flannels of all descriptions continues very active , particularly in the finer class of goods . Domestics , unions , and fancy goods also command a good market . The heavier class of flannels have also a good sale for the home trade , j but for export the trade is limited . The trade in i Iirisey-woolseys and Yorkshire goods in general is j comparatively quiet , but nevertheless such as to
common kets for which the manufacturers have been enabled to obtain advanced prices . There is a marked improvement in the steel and other heavy branches , and in the saw , file , and edge-tool trades . Prospects are certainly promising , though it is perhaps only in comparatively few instances where the mauufacturers have more orders on hand than are sufficient to keep their workpeop le fully employed . It is a great thing , however , to have a constant supply , which is the case now . The strike of Lord Fitzwilliam ' s colliers has unsettled the coal trade , but it is hoped that it will not be protrapted . Thus the general features of the iron and hardware trades are satisfactory , and there is every prospect of further improvement .
keep machinery well employed . Merchants are now compelled to limit their purchases or to give advances for fresh orders . Wool is more inquired for . Staplers are indifferent sellers except at a slight advance , which in some few cases has been obtained . This demand is made by some in the full assurance that prices for most sorts of wool will rise . New skins are dear , while old ones are almost bought out . Many staplers allege that their stocks are light , and that to replace them higher rates must be given . is
The hosiery trade in Nottingham and . Leicester good , particularly for seasonable descriptions ; and the glove branch is daily becoming more active . Fancy goods remain in moderately good demand , and altogether business is healthy , whUe ^ manufacturers are expecting a good steady trade for some time to come . The lace trade is depressed , but the manufacturers are abstaining from making stocks and they are looking for a reaction . In Nottingham , is the
the export demand for hosiery very good ; xnertemplpyed in the rib branch have obtained an advance in price , as there is a difficulty in procuring hands . " Altogether , " says a correspondent upon the spot , " the hosiery trade is in a highly satisfactory condition , the operatives getting good wages . " The linen trade showB no material change from the description given of it in our last . Max is still scarce , but prices remain the Bame . affected bthe advancing
The silk trade is not y . tendency of the raw material , the demand being , in most cases , nearly equal to the supply . JFrom the Staffordshire potteries the accounts are good . , , , , In Norwich the shoe trade is good , and placards are constantly being exhibited , to the effect that additional hands are required . In the manufactures of the town there is an improvement , as the number of unemployed weavers is less . Indeed , trade generally is better throughout the eastern counties , though the farmers are complaining of the low prices they obtain for their wheat and other produce . Elax works are about ; to be established at
From the iron and hardware districts the accounts are again favourable , though the improvement is not , perhaps , so decided as the expectations of many had fed them to hope . " It is generally admitted , " says one letter from Birmingham , " that there is much more business doing than there was a . couple of months ago , and that prospects are better ; and it is not anticipated that there will be any material change for the rest of the quarter . The improvement that has taken place will be maintained , but for a very brisk trade we must wait until a little before spring , by which time foreign orders will be large" Tenders hove beea invited by the Norwegian
, Government for the supply of 9000 tone of roils , and for foreign railways generally there is a good and increasing demand . Holland promises to bo a good customer next quarter .. The American orders , by last mail , were light , and of a character to indicate that they do not go nmoh beyond'immediata requirements . It is probable that this will be the feature of the States and eome pther brandies of the foreign trades until the spring . With Canada the tuado this autumn has been nominal , chiefly in consequence of
the continued scarcity of money in the provino . There have been a few more orders stirring of late for tho South American markets , and in spme departments of the continental trade rather more activity has been manifested . The RiMsiftn . orders this season hove been considerable , more so than for sevorul years , hut this branch will soon close owing to tlie stoppage of the navigation by iqe . At the Xn » t &»© several of the largest flrms have orders in hand which will occupy them for sovolaTimoathB to come . TJie brass fouwlow , par-
1170 T He Le A D E R. [No. 449, October ...
1170 T HE LE A D E R . [ No . 449 , October 30 , 1858 .
Railway Intelligence. A Genkbal Meeting ...
RAILWAY INTELLIGENCE . A genkbal meeting of the London and South-Western Company was held on Wednesday , for the purpose of considering the recommendation of the directors to lease the Staines and Wokingham and the Portsmouth lines . The proposition to lease the Staines and Wokingham lines was agreed to without opposition , but that with regard to the Portsmouth line created a lengthened discussion , the chief ground of objection , being that it wouldlead to a collision with the Brighton . Company . Against this it was urged that if matters ^ vere left as they were the South-Easterp . Company would step in and extend their line to Southampton . The proposition was ultimatelcarried by a large majority , _ .
y , r ~> At the adjourned meeting of the West London Company the report -of the committee appointed in August last was adopted , and it was agreed to declare a dividend of 5 s . per share on the first-class shares in respect of arrears due to the holders thereof . On Monday a public meeting was held at Morpeth to promote the new line of railway projected between that town and Bellingham . Sir Walter Trevelyan occupied the chair . The meetiag-vas addressed by the Earl of Carlisle , the chairman of the North British Railway , and other gentlemen . The meeting pledged itself to promote the railway by every means iu its the Peebles
The half-yearly meeting of Company was held at Peebles on Tuesday . A . dividend at the rate of 5 per cent , on the preference and 2 * per cent , on the ordinary stock was declared , and the retiring directors ¦ were re-elected . The directors were authorised to issuo debenture stock to the amount of 32 , 000 / ., at a rate of interest not exceeding 4 per cent , per annum , in substitution of an equivalent amount of debenture bonds . A public meeting was also held at Peebles on the same day for the purpose of forming . a company to construct a line down the Tweed from Peebles to Inverleithen . It was stated that the length required was sis miles , and the estimated cost would be 80 , 000 / . A committee was appointed to take steps for organising the company . _ _ ¦ . , , . , _ Eedditch Vine bound to have
The contractor for the Is the lino complete and ready for opening by the 1 st of August nest . Considerable progress has been already made in the works , and the utmo . it confidence ia entertained that the line will be complete and opened at tho appointed time . . . , . An experimental lino , which was liud down about six months ago by tho Permanent Way Company on a part of the Greenwich Railway near tho Commercial Docks , was inspected a few days ago and found In a most satisfactory state . „ . T , A dinner was given to the now manager of ho London and North-Western . Company , Mr . Vf . Caw U wall ( Into manager of tho Lancashire and YorlMulrp Kail way ) , on Tuesday evening , at tho Clarence- Hotel , Manchester , by his railway friends . .. Tho half-yearl meeting of tlwluwt Iwla lf ^
y Company was held 011 Thursday . Mr . Crawford , the chairman of the board of director * , In moving tho adoption of tho report , observed tluit it gave u very satisfactory statement of the compuuv * position . Somo of the works wero still delayed by tho Inaiirrou ion 11 India , while others had been entirely abandoned ; but . whovovor they could bo pushed 011 not u day hud . boon lost w long as the means for transporting matorm couja bo found . During tho past your tho company hue ononod for public traffic 148 miles of railway , and voiy niruwr 1 uiw
Shortly an addition of twonty-two . wu » bo made to that total . Up to the present time tho traffic upon tha railway already opou would yield a return upon tho outlay of at loast 7 fr per oont , and . on tuo whole , the directors had no roasou to altor their
already expressed opinion of the hopeful prospects of the undertaking . After considerable discussion the report was adopted . The annual meeting of the Deeside Company was held on Tuesday at Aberdeen . Resolutions adopting the report , declaring a dividend of 5 per cent ., and re-electing the retiring direc ' tors ,, ' were carried . At the last half-yearly meeting of the South-Eastera Company the Hon . J . Byng made some startling statements respecting the excessive rates levied upon the railway in the parishes through which it passed amounting in some cases to as much as 75 per cent , of the entire rate ! Since that time the directors hare been endeavouring to obtain a reduction in the rating of the railway in several parishes in Kent and Sussex , and have met with great success . In one parish the rate has been reduced from 200 Z . to 50 / . per mile .
The Lucca And Pisa Railway.—This Line, W...
The Lucca and Pisa Railway . —This line , with its stations , engines , and all that is required for the daily exercise of the railway , is advertised to be " sold by auction , " at Lucca , on the 9 th of December next . The Egyptian Railway . —There is now not above ten miles of the Egyptian railway unfinished . When it is completed , the expense of conveying the India aud China mails will be reduced 20 , 000 / . a year . The sum paid by the Admiralty for conveying seaborne mails is at the present time 1 , 040 , 9407 . a year . Aitointmknt . — -We ( Aberdeen HtraW ) understand that George Reith , Esq ., the present able secretary and general manager at Aberdeen of the Scottish North-. Eastern Railway , has been appointed to the management of the Grand Trunk Railway in Canada . We have heard the salary stated at 2000 / .
Railways in Algeria . —The Pans correspondent of the Tiines says : — " The rich and extensive province which lies at the gates of France has hitherto been forgotten or neglected . A change , however , seems now to come over the spirit of the Parisian speculators , especially since it became known that English capitalists were in the field . Sir M . Peto expended , as I am informed , sonic 12 , 000 / . or 15 , 000 / . in the survey of the country between Constantine and Philippeville , and is a competitor for the concession of a railway between those two towns . Messrs . G . P . Bidder , Edwin Clarke , Wythes , and F . Ommaney , ca « ie here a few days ^ ago , to obtain an audience with Prince Napoleon , relative to
the concession of a railway from Algiers to Oran . On . account of the indisposition of Prince Jerome the audience did not take place till Friday last . la tlio mean time Mr . G . P . Bidder ins obliged to return to London , and his place was taken by Sir J . Paxton . These gentlemen . were received by the Prince at ( he Palais Royal . Besides the English competitors for tho concession there are several private ones , the chief of which are said to be MM . Pereire , Mires , and Rothschild . M . Paulin Talabot , who has recently undertaken the working of a rich iron mine , is also , 1 believe , among the number . M . Mires , 1 am told , hafe offered to deposit 50 , 000 , 000 f . caution money ; and M . Pereire , it is stud , will be aided by a great London house . "
Home, Colonial, & Foreign Produce Market...
HOME , COLONIAL , & FOREIGN PRODUCE MARKETS . REVIEW OF THE WEEK . Mincing Lane , Friday Evoning . Inactivity ia still the prevailing feature in these markets , and , as usual under tho circumstances , prices have , in some cases , * acl nn inclination in tho favour ol Hie consumer , but in general there I * a c 0 " tlll " ^ i ? rS from anything like depression . The Hoard of 1 ado Returns again bear satisfactory ovidoneo «» < l I 1 l " ° ,, % sivo trade throughout tho country , tlio consiimptlo * most of tho primary articles being well aisl « ino'JMoney continues abundant , and tho ensy comlitiou ui the discount market facilitates tho auvancoinonl oi legitimate trading but still fails to Induce sin-cuUiiwn
i » any material degree . tvi-ivI- luno CoiiN .-Tlie supplies of English wheat ftt Ma K-I < no have boon small , but more than luleciuate to u » o mand , and former prices have boon obtainable nlj j tho choicc . it descriptions . Tho Imports ot 1 o ™ S ' b ™ have boon lnrgo . Fine old wheat Id hold llimij , ' •» now cannot bo placed except on oadlor turins . - quotable change has tukon place In the v « w" < but tho trade has ruled exceedingly dull . Ind a > of which arrivals tiro expected shortly , has a < n » ° b tendency . Mailing barley brings lute rate * , l > ^ ing mvmplo , -oro L to Is . lower- MfJ'Si moilornto requortt « t former prices foi pt « I < f English portHt . ro in limited supply , but tho J ^ 0 foreign have Ineronsod , the latter huvu in coiwca « e declined l * to 2 s ., duo hollow . rtoriutf ¦* t ; ^^ mxvt , per qr . St-arcoly nny change can bo < V oU ^ on but to soil lower rotes would have to be tnl o » . fl Imports of foreign onto Imvo boon consl , o iblo , « doollno of 1 h . per qr . Inis followed , at which tfftio * fair oxteut havo boon oflPootod .
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Citation
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Leader (1850-1860), Oct. 30, 1858, page 26, in the Nineteenth-Century Serials Edition (2008; 2018) ncse.ac.uk/periodicals/l/issues/cld_30101858/page/26/
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