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Ko.436, JXTIiY . .31, 1858.J T JA M JL M...
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HALLWAY INTELIGEKCE. There is a firmer t...
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Railway Accidents.-—It is a remarkable f...
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MINING INTELLIGENCE. We have very little...
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C0L0MAL AND FOREIGN PRODUCE MARKETS. REV...
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.
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General Trade Report. London, Friday Eve...
business in yarns , it is quite certain that there has been more activity generally , though particular for counts there has been less demand . The demand from Germany continues . ' At the markets to-day ( Friday ) prices were again steady , and producers maintained their quotations firmly . Yarns for continental export were in moderate request , particularly in the middle and lower numbers , and spinners , being still well engaged , did not press sales . The attendance of London , Glasgow , Dublin , and other country buyers at the Leeds , Huddersfield , Bradford , and Yorkshire markets continues very good ; but limited
their purchases are described as being . That is , they are limited compared -with those made during the unnatural demand prevailing during a part of last year , but they are good compared with the purchases effected in the depth of the late depression . Plain goods , more especially in doeskins , continue to sell steadily , and various descriptions of Cheviot tweeds , fox trouserings , are just no-w in good demand . This class of goods has been recently introduced into these markets , and has succeeded so well that large quantities , in various stripes . and mixtures , and at all prices , are being now regularly manufactured to order or for sale in the Cloth-halls and
shops . In these goods the wool is left long , so that , in the finer qualities more especially , a soft and silky surface is presented after a few weeks' wear . The patterns are usually striped , but sometimes plaided , and the colours most in favour are black and white , chocolate and white , drab and pink , & c- The demand for beavers , viennas , britannias , and other descriptions of winter coatiogs , has already set in , and manufacturers engaged in this branch of the woollen trade are unusually busy for the season . A large proportion of the patterns thus far selected are silk mixtures of -various colours . The usual prices of goods of this class range from 8 s . to 11 s . per yard . The heavy goods shown in the Halls at Leeds this week have been distinguished by superior finish and extra quality , and there is reason to expect that these marks
of improvement will be permanently maintained . Prices have rather hardened , owing to the value of -wools at the London wool sales ; but a steady trade is expected for some time . Reliable reports from the outlying districts , confirmed by the returns to the Poor-law Guardians , speak of labour being fully employed in those parts . For the Exhibition of local Industry , which opens In Leeds in September , and which is under -the auspices of the Leeds Chamber of Commerce , many clothiers about Mprley and Batley are now engaged in preparing samples of goods . Indeed , the Exhibition has already been so warmly taken up by the trade as to warrant us in anticipating for it a decided success during the ensuing busy time in Leeds when the Queen pays her expected visit .
The flannel manufacturers of Rochdale , both of the finer and middle qualities , and of unions , are holding out for an advance of 2 s ., and many have obtained from Is . to Is . 6 d . per piece . The advance , however , has checked business . Needy sellers have taken former prices , but large manufacturers are firm . Accounts from Belfast describe the stocks of handloom light and heavy linens as very small , and the demand good . Prices are consequently firm , and in the former an advance has been established . Diapers and drills are
also in improved demand at full rates . Goods for dyeing , also lawns , cambrics , and handkerchiefs , have been selling freely , with a tendency to firmness . Light power-loom linens for bleaching are in demand ; roughs are inquired after . Lawns , cambrics , and handkerchiefs , of power-loom manufacture , are in plentiful supply , and are rather lower . The home trade for white linens is good , but foreign buyers are very cautious in giving out orders . In yarns the demand is brisk both from home And foreign manufacturers , and stocks of all descriptions are low .
The linen trade at Dundee is good , but the high price of flax induces complaints that it is not sufficiently remunerative . The lace and hosiery trades at Leicester and Nottingham present the features usual at this period of the year . The stockingers are rather busy for the homo market , but lace is dull , though some considerable foreign orders aTe in hand . Plain goods arc in request . On the whole the population are well employed . The hardware and cutlery trades of Birmingham , Wolverhampton , and Sheffield are depressed . The orders from the United States are unusually limited , and aB the fall trade is now far advanced little or no increase
is expected . The home trade is also dull . Speculation is described as dead . So far , trade is unquestionably healthy , but the absence of orders is tolling injuriously upon the atnouflt of employment . The Birmingham brass foundries are by no moans fully occupied . The fancy trades are dull , and the same may be said of those connected with the manufacture of domestic arti & loa . The fact is , consumers liovo not yet had time to recover themselves . Considerable orders have been received from Havannah and Brazil , but the South American trade , both in Birmingham and Wolvcrhnmpton , is depressed . Sheffield cutlery is in fair demand from the Continent . Inkho light trades , tablo and pocket cutlery , razors , and bo on , more is doing than for some months past . The greatest dulness is in heavy Htcol articles , such as saws , files , and edge tools . On tho whole , trade nt Sheffield , just as at Birmingham nnd Wolverhnmpton , has rocclvoJ a check , but it ie hoped it will bo only temporary .
Ko.436, Jxtiiy . .31, 1858.J T Ja M Jl M...
Ko . 436 , JXTIiY . . 31 , 1858 . J T JA M JL M A U ± 1 K > . ¦ 755
Hallway Inteligekce. There Is A Firmer T...
HALLWAY INTELIGEKCE . There is a firmer tone in both the heary and light this markets . The public are regaining confidence in this soundest of investments , and guaranteed and preference shares are coming into demand and fetching higher prices . In particular , India shares have sustained a marked rise . It seems to be generally admitted that the transfer of the whole of the power vested in the coiintrj directors to the Imperial Government is a settled thing ; and that as Government will no doubt assume the
responsibilities and the liabilities of the Company , an imperial guarantee is of higher value than the Company ' s guarantee . " We do not agree in this view of the question , but if the public choose to take it and to act upon it , that is their affair . The takes of the railways are still showing a decline compared with , the takes of the same period last year , but this must be regarded as only a temporary defalcation . Trade is restricted , just now from causes which are patent to all ; trade will certainly resume full activity in a very few montls , the traffics will imppove , shares will reach a hi gher figure , and dividends will of course be increased .
The shares which have experienced the greatest rise appear to be London and North Western , Midland , Great Northern , and North British . Great Western has gone down . Nearly all the Indian railways have experienced a rise , and East Indian Railway stock rose nearly 1 per cent . Railway Dividends . —London aud South 'Western officially announced at the rate of 4 ^ - per cent , per annum , against 4 j | per cent , for the corresponding six months of 1857 . Lancashire and Yorkshire Railway Company at the rate of 3 f per cent , per anuum . The dividend for the corresponding period of 1857 was at the rate of 5 pet cent , per annum .
Great Southern and Western Railway Company of Ireland officially announced at the rate of 5 per cent , per annum , the same rate as in . 1857 . Some doubts are entertained as to the expediency of the Great Western , declaring a dividend this half ~ year .
Railway Accidents.-—It Is A Remarkable F...
Railway Accidents .- —It is a remarkable fact that a greatly-iiicreased number of . accidents happen on railways ev « ry year about the commencement of July . This season they have been even more numerous than ¦ u sual ; and we learn that in almost all , some passengers at least amongst the injured had availed , themselves of the advantages of the Railway Passengers' Assurance Company ' s tickets , and have received that prompt and liberal compensation for which this Company has earned an honourable reputation . It is strange that all who travel by railway , and who must incur the inevitable risks of doing so , should not secure the provision afforded by the Company ' s insurance tickets , as they can be procured at so trifling a cost at the railway stations when obtaining the railway tickets , or by a small annual payment . —/ Standard . r ¦
Edinburgh Am > Glasgow Rail-way . —At a special meeting of the shareholders in Glasgow , on Tuesday , resolutions were passed empowering the directors to issue and create four per cent , guarantee stock to the amount of 480 , 000 ? ., to be applied under the provisions of the Edinburgh , and Glasgow and Stirling and Dunfermline Railway Companies Act , 1858 , and to borrow on mortgage 160 , 0001 ., to be applied in paying off the debenture bonds granted by the Stirling and Dunfermlino Railway Company .
Mining Intelligence. We Have Very Little...
MINING INTELLIGENCE . We have very little of interest to report about mines this week . The subject is one which we always approach with reluctance , because we well know how little is reliable that appears in the public journals respecting alleged transactions in the shares of various mines . The mining-market , aB it is termed , is a myth—it really exists nowhere -, and there is no other mode of getting at tho price—not the value—of mining ; shares except by resorting to an established mining agent . Of the general body who call themselves raininig agents and brokers the public must be cautious ; there is hardly a man of capital and character among them . Especially let tho investor beware of " avertising agents . " They can only escape certain loss by placing themselves in the hands of established brokers of character , if they will venture in a direction that may produce largo profits , but which" is more likely to engulph their whole substance . We do not find that shares of any particular mine are in demand . Bon Accord has been inquired , after , but we aro of opinion that tho spurt -which has lately taken place in these shares is owing to the manoeuvres of jobber * . There was a meeting of tho Mariquita and New Granada Mining Company held on Thursday , at which an attempt was made by some shareholders to inquire into tho circumstances connected with tho purchase of the Purinoa . mines at three times thoir value , as reported ; bmt , of course , tho attempt was defeated , and tho directors succeeded in got flag thoir report carried .
C0l0mal And Foreign Produce Markets. Rev...
C 0 L 0 MAL AND FOREIGN PRODUCE MARKETS . REVIEW FOR THE WEEK . Mincing-lane , Friday Evening . Sugar . —Prices are fully 66 L and in some cases la . per cwt . higher , with a good demand at the advance ; but supplies are brought forward less freely , and very generally with still higher limits affixed . Transactions are , in consequence , to some extent checked , but a good business has been concluded , although not equal to that of the preceding week . The statistical position of the market continues healthy , and the clearances for consumption , hitherto large , hare a tendency to increase rather than otherwise . The exports show but little improvement . In consequence of the recent heavy arrivals of West India , the stock is again somewhat increased , and is now 58 , 700 tons , against 51 , 200 tons at this date last year . West India . —The week ' s transactions are 5449 hogsheads , including the public sales , in which Barbadoes sold at 37 s . " 6 d . to 43 s . 6 d . ; Jamaica brown , 38 s to 39 s . ; middling to good , 39 s . 6 d . to 42 s . ; crystallised Demerara , middling ; to superior , 43 s . to 49 s . ; and brown , 37 s . 6 d . to 4 ls . 6 d . per cwt . Mauritius .- —Low brown , qualities are in request for export , with only limited parcels on offer ; 5000 bag a have sold at 30 s . to 32 s . for low syrupy brown ; and 39 s . to 4 . 1 s . for low to middling yellow . Bengal . — -4314 bags , in auction , -were mostly disposed of , very low brown , 26 s . 6 d . to 29 s . Turpattah 34 to 35 Foreign . —The principal sales have comprised 10 , 000 bags Manilla , clayed 37 s ., and unclayed 3 Os . to 31 s . ; 600 hogsheads Porto Rico at 36 s . to 37 s . for brown , and 38 s . to 46 s . for low to fine grocery ; 1600 casks Cuba Muscovadbe brown to good yellow 36 s . to 42 s . 6 d . ; 4000 boxes Havannah at 38 s . 6 d . to 45 s . 6 d . for low middling to good yellow , and 50 s . to 5 ls . 6 d . for floretts and white . Three floating cargoes Havannah together , 65 00 boxes at 28 s . 3 d and 29 s . for Nos . ll-J and 13 f , and one brown Peraambaco at 21 s . 3 d . for a near
port . Refined .- —A firm market and higher prices paid Brown lumps 53 s . 53 s . 6 d . Molasses .- — -The demand has improved , and about 200 O casks have sold . Trinidad 13 s . 6 ' d . to 14 s . ; St . Kitts 14 s . 6 d . ; Barbadoes 15 s . ; Antigua 15 s . 6 d . to 16 s ., and Cuba 16 s-per cwt . Rum . —The market remains inactive , and prices unaltered . Coffee .- —The Netherlands Trading Company have
announced their September sales , to comprise 700 , 000 bags , which has caused a temporary flatness , and prices are rather lower , bat the market shows evident signs of rallying . Of 955 casks , 874 barrels and bags Plantation Ceylon , abont half sold . Low , middling , and middling 64 s . to 69 s . 6 d . ; good middling , 71 s . to 71 s . 6 d . ; fine , 76 s . 6 d . to 78 s . 6 cL 3100 bags Native Ceylon , -were nearly all bought in at 44 s . to 48 s . for common to fine ordinary . 5700 bags . Costa Rica sold well at 40 s . 6 d . to 74 s . for fine ordinary to good mid .
Cocoa . —There is still an absence of demand . A few bags Grenada sold- at 44 s . Tea . —Since the delivery of the China mails , the market , although , not active , has had a better tone . Public sales of 21 , 000 packages went steadily , and , including 1500 small boxes , 4700 packages were sold in the room . Common Congou quoted 9 id , to 9 jd . per lb . Spices . —Cassia Lignea has advanced ; 115 s . to 121 s . paid for third to first pile . Pimento is taken more freely for export , and is Id . per lb . dearer ; middling to good 3 id . to Sid . per lb . Pepper barely sustains its value :
middling Sumatra sold at 3 Id . to 4 d . perlb . ; Penang taken in small quantity at 3 jd . per lb . Jamaica ginger realised 50 s . to 70 s . for common to middling , and 4 / . 5 s . to 11 . 7 s . for good middling to fine bold ; ordinary to fair Cochin , 55 s . to 84 s . ; Bengal held at 17 s . 6 d . per cwt . Mace , nutmegs , and cloves are unaltered in value . The quarterly sales of 1380 bales Ceylon , and 26 chests 35 barrels Tellech & rry cinnamon , passed off without animation at barely former prices : firsts , Is . 5 d . to Is . 8 d . ; seconds , Is . 3 d . to Is . 5 d ; thirds and fourths , lid . to Is . 3 d . ; Tellecherrjr , lid . to Is .
Rice is generally 3 d . to 6 d . cheaper , and but little doing . ; fully middling white Bengal new rice , Bold at 9 s . 3 d . to 9 s . Gd . ; good Necranzie at 7 b . 3 d . ; a few lots fine Ballamhavo made 8 s . 3 d ., which is a full price . Tho deliveries have shown a decided improvement , reaching 2000 tons for the week . Saltpetre . — -Largo parcels have been brought to public sale , and have evidenced a want of demand , the bids falling Is . to 2 s . below current rates , but privately former prices have boon paid for small quantities . Cochin eai « . —The market has been more freely supplied , and a moderate business done at about lato rates . Honduras silvers low to fine , 8 s . 6 d . to 4 s . 3 d . ; black , 4 s . Gd . to fis . 2 d . ; Teneriffa silvers , 3 a . 8 d . to 3 s . 9 d . ; black , 4 s . Id . to 4 s . 6 d . per lb .
lNDiao . —At the largo public sales of Spanisu , comprising 2170 erne . Guatemala , and 800 arm Caraccaa , thoxloinnnd was very animated , and pricioa , as compared wicn tho May ' s sales , showed an advance of 6 d to 8 d- on good and line , and 4 d . to ( id . on interior and middling qualities of Guatemala ; Ftores O ' s . 9 d . to 7 s . Cd . ; Sobroa
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Citation
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Leader (1850-1860), July 31, 1858, page 755, in the Nineteenth-Century Serials Edition (2008; 2018) ncse.ac.uk/periodicals/l/issues/ldr_31071858/page/27/
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