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Leader (1850-1860), 9th October 1858, Edition 1 of 2, Page 1076, Untitled Article

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      Untitled Article

      REVIEW OF THE WEEK . r Mincing . Lane , Friday Evening .. Transactions have again been-of limited extent in the aggregate , and the quiet-which characterises the general features of these markets seems likely to undergo but little change during the remaining period of the year . The closing Of the navigation at the Northern European ports must shortly preclude anything beyond a partial export demand , and operations will therefore be confined chiefly to home requirements . Of these indications are still favourable , and the advices to hand this week from India and China are calculated to accelerate the employment of the industrial classes , upon which the consumption of the leading products mainly depends . It must ,

      however , be borne in mind that the continual large deliveries from importers' stocks , although evidencing a great extension of the consuming power of the country , have no doubt been to some extent absorbed in replenishing the warehouses of the numerous dealers throughout the kingdom . We must therefore be prepared to see an occasional declension of our home trade , as buyers are now so situated as to be enabled , in any turn of the markets against them , to act with reserve for a tolerablv lengthened period . Importers , on the other hand , disencumbered of their late surplus stocks , are likely to remain firm in their demands , and hence the difference between buyer and , seller , which has stood in the way of business during the present week , seems likely to be the prevailing feature , at intervals , for some time to

      come . CoiiNV—The supplies of English wheat at market have been-small , but the imports of Foreign liberal , and the course of the markets on the Continent is still in favour of shipments to this country , as the decline in prices has been greater and more progressive there than here . At Ancona the wheat crop is reported to have been secured in superior condition , and would be ready for shipment about November ; selected Roman could be put on board at 46 s . 6 d . per quarter , 63 lbs ., cost and freight , to the United Kingdom . From the United States the advices are rather against importations thence , as the deliveries were small , holders firm , and prices advancing .

      . — - are 5600 qrs from the sea of Axof , generally out of condition . The floating trade is without improvement , and 55 s . still the price for Black Sea seed , deliverable in the United Kingdom . Stocks are light on the spot , and 59 s . to 58 s . 6 & obtainable for Bombay , and 57 s . for fine Calcutta seed . The grossimport this year is 171 ^ 00 qrs . against 139 , 200 qrs . last year ' . The exports" o * Winseed ' -oil and linseed from the United Kingdom , since the 1 st of January exceeds the produce of the entire importation during the ' same period ; the present depression in the value of the raw and manufactured articles , can therefore be ascribed only to the large shipments made , or now making in the East India and at Russian ports . Rapeseed is in better demand , and continental advices are in favour of higher prices , but quotations are at present unaltered . Oil cake remains the same as last noticed .

      Potatoes . —With moderate supplies and in fair demand , prices are steady . Regents , 70 s . to 90 s . ; Shaws , 60 s . to 75 s . ; French , 55 s . to 65 s . ; Belgian , 50 s . to 60 s ! per ton . Stock . —The demand , for live stock has been dull throughout the week , and inferior breeds , both of beasts and sheep , have receded about 2 d . per stone ; prime have , on the contrary , been pretty well sustained , Down wethers , in some few cases , making a trifling advance . The supplies have been tolerably liberal , but the proportion of really good useful descriptions has been exceedingly small , and hence the exceptional stability in their value . The following were the numbers at market , and the current quotations on the respective market days : — MOSDAY . Beast . Sheep . Calves . Pigs-5 . 23 , 500 157 350 4 s . to 4 s lOd . 4 s . to 5 s . 2 d . 3 s , lOd . to 4 s . lOd . 3 s . 8 d . to 4 s . 8 d ; Thursday . 1 , 390 C 230 210 220 3 s . 8 d . to 4 s . lOd . 4 s . to 5 s . 4 s . to 5 s . 3 s . 6 ( 1 . to 4 s . 4 d . Provisions . —The weather has been favourable for trade in the dead meat markets , and supplies not having bean heavy , prices have ruled steady , especially for prime fresh carcases . At Newgate and Leadenhall , beef ranged from 2 s . 8 d . to 4 s . ; mutton , 3 s . Cd . to 4 s . 4 d . ; veal , 3 s . 8 ( 1 . to 4 s . 4 d . ; pork , 3 s . 8 d . to 4 s . 8 d . per stone , by the carcase .

      Saltpetre . — The stock has sunk to 2720 tons , and a further reduction is anticipated before supplies of any moment can arrive . Holders are consequently very firm , and prices have again advanced . About 5000 to 6000 bgs . have changed hands on the spot , at 42 s . 6 d . for 13 £ to 47 s . for fine 1 per cent . ; but 5 percent , has also sold in small lots at 47 s . to 4 Ss . For arrival , 100 tons have sold at 42 s . ; and subsequently 43 s . has been offered and refused for parcels close at hand . The Calcutta letters refer to light shipments and rising prices .

      Spirits . —A moderate business has been done in rum at late rates . Deliveries are good , but more than equalled by the arrivals . Large sales of German spirit are reported at Is . 2 d . per gallon . Indigo . —The overland accounts have merely confirmed those previously received , and have not , therefore ^ materially affected the position of the market . With the quarterly sales approaching , on the 12 th , but little is doing , but the market is firm . Cochineal , is firmer in value , and a more ready sale . 284 bags have been placed . Honduras silvers , 3 s . Sd . to 4 s . ; Tenerifie , 3 s . lOd . ; blacks , 4 a . 2 d . to Is . 3 d . per lb . Saki'J . owhr . — -Public sales of fair extent have manifested a good demand , and full prices have been paid , middling rod to good pinky selling at 6 / . 103 . to 8 / . 10 s . per cwt .

      Oxiieh Dve STUFFS .-r-Macldor Roots are Is . 6 d . per cwt . dearer ; Bombay sold at 22 s . Gd . Public sales of redwood have confirmed our previous report , and too general supplies have been held for 51 . per ton . Gamiuer has sold in retail quantities at lato rates ; cutch bought in at 82 a . per cwt . Siiklxao . — The demand has recently been more active , and besides a good deal done privately , fil casks 100 baga in auction sold readily at G 8 s . 6 d . for Europoan livery ; 67 s . 6 d . for native livery orange ; and 70 a , tor dark red button . . _ India-rubber has further advanced to 8 fc for * ' ft 9 t India lump , at which the market closed firm .

      Cotton . —The overland ad vioea have induced a more confident feeling in some departments of the MancnoB < - tor trade , and cotton markets of both London ana Liverpool haro become firmer in sympathy . ino amount of business passing is however limited . HpsMr . — -Manilla has advanced 10 s . per ton ; g ° ou roping sold at 28 / . to 28 J . 108 . Jute has been less active , but steady sales of low medium to good mauo at Idl . 10 s . to 211 . 5 s . per ton . Metals . —Manufactured articles remain steady in value , but unmanufactured liuvo In one or two oases slightly given way . The fluctuations aro not « ow < n « material " Scotch pig iron , nftor touolilnff M » - - » cl 0 ?^ yesterday nt 64 s . to 54 s . Oil ., and to-day wfta a" 0 "" the same . The vcgk ' a shipments woro * M « J , " against 12 , 418 tons last year . Kails ¦ aro tfor » w . w Gl . 5 s . at the works , and 0 / . Ida . in London . ™ ° tt J been some inquiry for English tin , but £ f el tf " ' *' though Htoftilv In value , is next to nominal . llw P l 080 IU

      The *; price of English wheat at Mark Lane has not undergone any " quotable change , and the fe \ v choice samples on offer liavn hpon readily plarody . hut Inferior qualities hang on hand . Fine white brought 5 Os . per qr . ; good , 47 s . to 49 s . ; good to prime red , 44 s . to 46 s . ; common , runs 39 s . to 40 s . per qr . The comparative scarcity of English rendered holders of Foreign firm , but at former prices sales were only practicable in retail quantities . The finest Dantzig samples ranged from 54 s . to 56 s . ; good , 52 s . to 53 s . ; fine old Rostock , 49 s . to 50 s . ; French red , 44 s . to 45 s . ; St . Petersburg , 40 s . to 42 s . ; low Russian , 36 s . to 38 s . per qr . Flour has sold rather more readily , especially the better Country marks . Prices have , at the same time , not varied materially

      fn $ ! h those quoted last week ; Town made , quoted 43 s . ; Town households , 36 s . ; No . Twos , 31 s . to 32 s . ; Country households , 33 s . to 35 s . ; seconds ,. 30 s . to 31 s . ; and Norfolks , 30 s . to 36 s . ; French , 35 s . to 38 s . per sack of 280 lbs . ; choice American , 25 s . to 2 Gs . ; sour , 21 s . . to 23 s . Barley of choice malting quality continues firm ; its scarcity to command high prices , say 42 s . to 45 s , ; but medium qualities are a slow sale , although not quotably lower ; grinding samples meet a steady sale at 26 s . to 278 . per qr . Malt is in steady demand where the quality is good , but otherwise , sales are difficult and prices very irregular . Choice loose is quoted 72 s . to 74 s . ; fine shop samples , GGd . to

      68 s . The increased supplies of barley coining forward for some successive markets are telling upon prices , which aro -still radiating downwards , and good useful samples are purchasable at Is . 2 < 1 . per stone . Peas are also receding in value , partly from ( he increased imports of foreign . The arrivals of foreign oats have again been large , and buyers have still the advantage in terms , although the depression has not been quotably extended . Good old Russian are worth 24 s . ; Taganrog , 21 s . ; choice new Irish , 28 s . to 29 s . per qr . Flouting cargoes have become rather firmer in value , the arrivals off the coast having been of less magnitude ; small cargoes of Galatz have sold at Sis . Cd . per 4021 bs . and Ibruila , at 31 s . 8 d . per 4801 bs . LONDON AVERAGES . Qrs . s . d . Wheat 8342 at 45 U Barley 1248 „ 86 8 Oats 895 „ 27 0 Rye — „ . — Beans 727 „ 80 8 Peas 68 „ 53 G WEEK ' S AIIIUVAUS , English . Irish . Foreign . Wheat qrs . 1170 — 4 . Barley „ 450 — 28 , 210 Malt „ 410 — — Oats „ 70 4 fl 40 44 , 820 Flour , sack 880 — . 280 Ditto brls . — . t- 80

      Untitled Article

      done With respect to the goods market we have a favourable report to make . Ther ^^ as a good attendance of buyers , and an advance of 2 s . was established upon flannels . The demand for all qualities was brisk , and manufacturers are well occupied with prders . . . Accounts from . Doncaster , where there is a . wool market , state that very little is left in growers ' hands , and that the advance since the first Saturday in September has been from Is . to 2 s . per stone . A noveLfeature in the trade is , that a lodd of wool , 28 lbs ., is at present worth a quarter of wheat of 36 stones—a very different state of things to that in

      1856-7 . The hosiery trade in Leicester and Nottingham remains moderately active , notwithstanding the high prices required for yarns . The lace trade is less active , but there is a concurrence of op inion that there will shortly be a period of considerable activity . Some large orders from the United States have been received during the week . ¦ _ . The Barnsley linen trade , like that , at Belfast and Dundee , has revived , but not in proportion to the expectations that were entertained of it . This is mainly owing to the advancing prices of flax . Dulness prevails in the commoner articles . Fancy drills are in demand . It is , however , the handloom branches that are most depressed , the powerloom factories being all fully employed , working full time , while-ail-the bleach-works in the neighbourhood are

      busy both with yarns and cloths . In the various linen markets round Belfast the demand for goods has been moderate , while stocks are light and prices firm . This applies to Magherafelt , Moveymore , Armagh , Liurgan , and Ballymena ; and to all kinds of linen goods . In Belfast itself handloom drills remain in fair demand at the late moderate advance in price . Diapers , of which stocks are law , are in better request , at rather higher rates . The stocks of printing lawns and cambric handkerchiefs are reduced , and meet an improving sale , without any material alteration in value . The late advance has checked operations in light linens for bleaching , and few transactions are reported ; stocks , however , are very small . Iu goods for dyeing and for Hollands there is a , brisk trade at the full advance

      in prices before noted ; stocks extremely low . For heavy : linens there is , a moderate sale at firm rates . In powerloom drills there has been a fair sale at previous rates . For heavy linens there is a good inquiry , but the advanced prices demanded retard sales ; stocks are pretty large . IsigUc linens for bleaching are in limited , request , owing " to the advance in prices ; stocks are very small , owing to manufacturers being engaged in making up old orders . For printing lawns and cambric

      handkerchiefs there is a pretty good demand ; stocks moderately large and prices firm . Of roughs there is no stock , and manufacturers are fully engaged . In unions little or nothing is doing . In white linens the home market is healthy but quiet , while the foreign markets are improving . Line yarns have been in only limited demand , and stocks have rather increased , but old orders are keeping down any tendency to accumulation . Pads in request . The country flax markets are all exceedingly firm .

      In Dundee the linen trade has been languid , though holders are firm . There has been a further advance in flax of from 1 / , to 2 ( . per ton . A failure took place on Saturday in the spinning trade . The liabilities of the party were considerable , and the depression produced by this event has not yet passed away . The silk trade continues active notwithstanding a further advance , in the month just closed , in some descriptions of the raw article . From the Staffordshire potteries the accounts continue favourable .

      The accounts from Birmingham , Wol * erhampto p , Walsall , Sheffield , and Glasgow are altogether more favourable with respect to the iron and hardware trades , though complaints are still rift ; . The more cheering prospects of the ironmasters have induced them to maintain their prices ; and meanwhile orders are coming in from many quarters , though they Ing from the United States * owing to the caution exercised by the agents there : The screw , tube , wire , and plating businesses are all brisker , and domestic orders are more numerous and heavier than at any previous period in the year . The fancy trades are dull ; but as they were the last to experience depression , it is only natural that they should be somewnat late in participating la the otherwise general improvement .

      Untitled Article

      Tub Suez Scheme . '—The Paris meeting on the Suez Canal question is fixed for the 15 th of next month . In ' the interval , Mr . Lango , the representative of the com . p nny in this country , Is about to revisit the various towns In which meetings were lieJd lnst year . He is also charged , it Is said , to obtain information respecting dredging machines and * other appliances for the projected work .

      Untitled Article

      HOME , COLONIAL , AND FOREIGN PRODUCE MARKETS .

      Untitled Article

      R CJ L V SeedsArrivals of linseed this week 1076 THE LEADE . ^^ g ^_ Qg rggER 1858 .

  • Citation
    • Leader (1850-1860), Oct. 9, 1858, page 1076, in the Nineteenth-Century Serials Edition (2008; 2018) ncse.ac.uk/periodicals/l/issues/vm2-ncseproduct2263/page/28/