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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 BEPORT . , London , Friday Evening . ^ tt oui- markets continue steady , and . Without activity . The markets in Mark Lane and in Mincing Lane are quiet and dull . We never remember , a period when the commercial world was , for the public , more uninteresting than at pregant . The tea market , in consequence of the reports from China , continues firm . . _ , . ¦ ' ¦ A circumstance of some importance to teadrinkers is mentioned byW , S . Shiittleworth and Co ., in their tea circular of March 10 th . They say that a considerable quantity of damaged tea , perfectly unfit for consumption , and no better than decayed vegetable matter , has been publicly sold , and after being re-washed and dried , is to be mixed
with other teas , adulterating them , and sold to the public . The transaction , as they describe it , is extremely reprehensible , and they raise a public question of great importance—to wit , the duty of the B oard of' Customs to allow such tea to be sold . Is this body , which levies the duties on tea , bound to see that all the articles which it . permits to pass are genuine and fit for consumption ? Messrs . Shiittleworth , by their complaints , imply that it is . We have no recollection of the question having been mooted before ; nevertheless , there does seem to / be an obligation on the Board which passes a commodity as tea to be sui ' e that it is tea . If tliis be the duty of the Board of Customs as to tea , it must extend to wine and all other things which pay Customs duties , and it should guarantee the genuiiiess of every article on which it levies a tax . ¦ ' ' "' ¦ ' . ¦' . ¦ ¦ ¦' . -.
We have not very much of importance to report from the manufacturing districts . If anything' , trade has slightly improved . This is to be attributed to the partial dispersion Of gloom caused "by the apprehension of a Continental war . . ^ s far as the export trade to the Continent is concerned , orders from the German markets have come m rather more freely , but there ^ can be no doubt that trade continues to be greatly restricted , in consequence of the uncertainty as to the future which continues to prevail . ¦¦ Our remarks , of course , have special application to the foreign trade . With reference to the home trade ,- , we believe , from iaqui y ies we have instituted in quarters likely to . be \ yell , informed in iratters connected with the actual condition and prospects
of commerce , that the trade of the country is in a spuncl condition . The discount houses , which are tolerably good judges of what is going . on in the commercial world , report that at no time within the last twenty years do they recollect so little of what is , termed speculation , business being carried on . Of course , in a country like England , with its vast commercial complications ; , it will always be inrpossiljle to do away with what is called speculation business , and then , again , it must be recollected the line between legitimate and speculative trading , in some instances , ia so fine as to make it excusable in the case of traders who do not look very closely to where the one ends and the other begins .
Liverpool . —A very good , but not a large business has been done in cotton . The prices are well k < pt up . The last advices from America being regarded as favourable , caused a brisk business to bo done . Mangiiestku . —The Indian orders , of course , keep spinners and th'c mills well employed . For yarns there has been a very good market ., German ' orders have come in freely , nna shippers begin to feel more confidence The prices are about £ d . per lb . higher than last week , an , d we should not bo surprised if we had to record a farther advance , as even 4 d . per lb . more hns boon
given in pome instances . The trade in yarns for India Una also been good ., ; but wo are glad to have to state that tho bulk of the trade this week has been for the home and continental markets . The cloth markets is also firm . For shirtings and other India fabrics the markets has been active ' . Manufacturers are ngt ova supplied with stocks , and ha they are well furnished with orders for delivery by a stated time , they qro at euso , nnd , of course , are . not disposed to accept lowur priuos .
Lisiiiva . —The Imlls linve boon fairly attended . Sonsonuble'gauds nrn In demand ; but liftflx prieod qualities are not so much in demand . Bn . vDroun . —Tho wool trade , is quiut . Caution appears to bo in tho ascendant ., nhd purclmsos are oonaoiiuontly linutud . Tho Bristol wool fair was well nfionded by growers nnd staplers ; but tho business done wns of ( i roBtriclod character . Prices wore generally liltfhor « it tho Ihir on thu first duy . Jn worsted yarns there is a flilr bu&fncss for home consumption ; but tor nxnort tho dwmand Is quior . Tho plooo goods , nltliouyli prices are not so high as a fow . weeks a ; yo , they anil continue firm , nnd where nartlea nro disposed to give wuy , largo ungngoinontH are immediately entered Into . Tlio fancy departments for goudu suited to tho sonson continue brisk .
LHionrtTjau . —Tlio hosiery trade continues active , and tlio knlttliijjf-ft'amo dlatrlota also continue to bo well « niployod . NoTTXNaHAM . —Tho hosiery trado Is rnthur fiulotov . iho la « o trade etui oo ' ntlnuoij dull , but Irt plain goods a inoro native uomnml lins boen oxnorlcmccxl . In silk nnd ronoy goods no demand exists . Iiim JitoN TXiadjr . —Bovth Staffordshire and frouth
Wales are busy with railway orders from abroad , and are likely to keep so for some time to come . Birmingham . —Trade is generally good , but not so large as it might be . v ,- ¦ : v We are sorry to have to state that the shoemakers ' strike is on the increase . The masters have introduced the sewing machine , and have expressed their determination to use it permanently . The operatives who have joined the strike are being supported by funds raised from workmen in employ ; but it is calculated that this state of things cannot last long , and that the men wil have to give in . The coal miners have not all returned to work : but the strike is dying out in several districts .
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Triday Evening . The funds were flat to-day , after being buoyant yesterday and the day before . Consols opened at 96 £ , but on the arrival of a telegram from Paris , announcing a fail in the funds , declined considerably , and were at one time at 96 , sellers . Towards the close of the market they rallied , and , after hours , were done at 96 £ . The war apprehensions , or apprehensions of . dissensions and Cabinet changes at home , operate unfavourably .
In the week , hopes of peace were strengthened ; and , in consequence , funds and shares were generally looking upwards , or had risen considerably . To this cause is owing the speculative action which lias begun at Liverpool in cotton . The holders and merchants there expect , from the continuance of peace , a greatly increased consumption of cotton in England and . on the Continent . They believe ,: therefore , that it must be dearer , and they are , by their purcliases , beginning to make it so , which will have the effect of checking , iil good time , the consumption and the production of More cloth than -will be required . It will save spinners
arid manufacturers from now working too fast , to be . brought hereafter suddenly to a total stop by the scarcity or excessive deax-ness of the raw material . 'Though such speculative purchases are occasionally decried , they tend most ' beneficially to . preserve a constant equality between the supply and the demand . The same cause which lias induced this speculative action has tended to enhance the rate of ' money , for which there is a somewhat increased demand . The terms , too , are liigher , but the market generally becomes more stringent as money is collected in the Bank of England for taxes . .
Now that the peacefill commercial public- seem to have made themselves heard and attended to by the Continental war-seeking politicians , we hope they will continue to enforce their demands for peace . If society generally be peaceful , the Sovereigns cannot carry on war . ; and we must look , therefore , more to the general disposition of society than to the schemes of politicians , to form our auguries for tho future . The Bunk of France returns for March show a
large increase of bullion , and the stock m that bank now amounts to 22 J millions . Trade in France seems to have suffered livuch by the war agitation , and tlio bills discounted in March arc 1 , J millions less than in February . Into our country , too , more bullion is coming in than is going out , though the exports to India are large in the' present month , and the accumulation of the precious metals is " anothcr ' proof of " tho comparative stagnation of trade .
Attention has been directed to a movement on the part of tlio Great Western llailway— -Midland Counties—to procure the insertion of clauses into a railway bill , to relievo this- * company from tho obligation to regulate their fares by the clauses of their previous lulls . Many of tho manufacturers and others interested in tho carriage by the ' main linos remonstrated against this proceeding , and on Tuesday u deputation from the Chamber of Cominorco of Diriuinglnun , headed by Mr . Spoonor , M . l \ , Lord Calthorpo , M . l \ , and Mr . 11 . I ) . Shcridnn , M . I * ., wiutod on Lord Donouglnnorc , ¦ to draw the attention of the Government to tho "bill . If there bo any intention of smuggling the hill through Parliament , wo hope it will bo < lofentert .
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State ov Trade in France . —The shopkeepers of Paris , particularly those who supply' the English , complain that trade has not been so bad as at present since the year 1848 . A letter from Lyons says- — " Nothing is . changed in the position of the great commercial houses . The manufacturers , continue to receive orders particularly from Italy . Orders have been received fro pi the duchies of Modena , Parma , and Reggio , which do hot please our commission agents , as they afford but little profit . Orders were received from Messina and Palermo for a quantity of colourod handkerchiefs , at such a low price that the manufacturers refuse to execute
them . Manufacturers of jewellery in-imitation of precious stones set in gold have received orders from Belgium , Italy , and Spain ; there is no demand for jewellery in pure gold . " Accounts from Bordeaux , Ilavrc , Lille , Marseilles , and Nantes state that trade is dull in all theso towns . The Paris flour market was firm last week , notwithstanding the . bakers showed little inclination to purchase . The millers complain in sovoral places of a deficiency of water , and , as tho season for snow is past , it ia feared that the rivers will . be 1 ; oo low next summer to enable tho mills to work . Under thoso circumstances tho millers refuse to mako any further
roduction in tho price of Hour . IJalv Holiday . —A mooting of bankers' dorks and others interested in tho oorly cloning of those establishments , undiri caiTviuyouUho Sutiminy lialtholiday movement , Imib taken place ; Mr . KoyiioklH , of thu ' firm of Messrs . Glyn and Co ., nroBiiluiff . . Jt was iiitimutod that active endeavours aro being mado to canvass tho splco and colonial brolcors , whoso transactions on tho Saturday alono prevent the concoasion , and that sovcral firms show a < Usi ) osition to muka the necessary arrangornonts . Sonio of the Iargor houses yet , however , hesitato to give thoir consont , but It Is uovortlioloss still hopotft that on further representations tho partners will adjust thoir ongagomonts so us to allow of tho privilege / to bo enjoyed by tho numerous employees ol tlio London bankbrs . If this object can bo attained little UMUculty will then intorposo to a general half-holiday among tho whole of tho ' mercantile gouuminUy ,
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FllOM THE LONDON GAZETTJL . Tuesday , Maroh 8 . HANKlllTI'TS . CJiAHLisrt Dupi ' , Cheapsldo , and I ' rooinan ' s-oourt , Oltuupaldo , printer . TitoniAH Nbwjian , HJndolvoflton , Norfolk , gouoral tihopkemor ,
Robert Mabbs , Upper-street , Islington , milkman . -Robert-. Webb , East India > -r 0 ad , apothecary . Edwin Frederick U kwin , Strand , hosier . . George Merrony , Maidstone , licensed victualler . William JoHSTFowEkAKTER , Tivertori , innkeeper . Alfred Metcalfe , Bridlingtori , Yorkshire , draper . Thomas Gibbons , late of Stockport , linendraper . . Fr iday , March . 11-. BANKRUPTS . Robert Wheeler , 58 , Crawford-street , Bryanstonsquarc , Oil and colourman . . ; John Elliott , Farnliam , Surrey , blacksmith . John Lambert , Nottingham , tailor . William JoLliffe GKiJGORYjKingweston , victualler Jonah Jenkins , Lladliarran , Glamorganshire , shoe vn o If ^ t * ' " Thomas Slator , Paddington , grocer . John Weston Bendei , Minories , carman . James Hctnt , Warwick , miller and baker . Edward Lacey , Horwick , Derbyshire , bailder . Francis Witton Huggins and Charles Wittok Httggins , Derby , \ vine merchants . Thomas Leake , jun ., Nottingham , furniture dealer . Edward Hawkes , Birmingham , tobacconist . Joseph Baxter , Birmingham , builder . Walter Boutcher Masters , Hackney-rd ., draper . George MoRRis , Kinff Edward-street " , Newgate-street , lifierised victualler .
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MONEY MARKET & STOCK EXCHANGE
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BANK OF ENGLAND . An Account , pursuant to "the Act 7 th and ' 6 th Victoria cap . 32 , for the week ending-on Wednesday , the Oth da : of March ,. 1830 : — " ' ISSL' 13 DEPARTMENT . Notes issued . £ 33 , 7 : 21 , 010 Government Debt £ 1 i , pi 5 , I 0 C ' ) ther Securities .. 3 , 4 ol ) , U 00 rold Coin &Bullion 19 , 246 , 010 ¦ . . . . > ilvtr Bullion .... ¦ £ 33 ; 7 .-21 , pl ; £ 33 , 721 , 015 . BANKlii'G DEPARTaiEiNT . Proprietors ' Capi- Governmeut Secutai .... ; £ 14 , 553 , O 0 C rities ( including ltest ..... 3 , 040 , 821 Dead ; ^ Weight n _ Public Deposits ( iu Annuity ) ... . .... . £ 10 , 0 » 0 , 14 ( eluding Exche- . Other Securities .., l * M / 4 , / 5 L quer , Savings' . ' . Notes ...... 13 , 285 , 00 a Banks , Comni . is- ~ Gold and Silver ^ piouers of Na- '¦ ., Coin .... / 0 j , 0 U / iiqual Debt , and . ' . Dividend Ac- . . counts ) . S , 741-, I ( i-i Other . Deposits .... 13 , 440 , ^ ' (/ Seven Day juid . . ¦ other Bills . 770 , 700 £ 41 , 100 , 000 , . 441 , 100 , 909 M , JIARSHALL , Chief Cashier . Dated March 10 , 1 S . 39 .
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Tt » . 468 . Mabch 12 , 18591 THE LEAD EB , 347
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Citation
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Leader (1850-1860), March 12, 1859, page 347, in the Nineteenth-Century Serials Edition (2008; 2018) ncse.ac.uk/periodicals/l/issues/vm2-ncseproduct2285/page/27/
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