The Dorset County Express and Agricultural Gazette.
Dorchester, Dorset, England, 1863-03-10 00:00:00

Crain ant) Comuttrcr.

NM BASIL —There can be of dotiti that irony of
the new banking cowanies and many that are in out
knowledge in sours' of formation ought to be regarded
with very great caution, for nothing spreads such wide-
spread ruin as • bank that fails, The subscribers when
the time of winding up arrives, are generally found to
be clergymen,
„widows, and spinsters, and people who
have risked their all in the hope of improving their in-
come. The Limited Liability Act aft,rils but little pro.
teetion to the description of penions we have described,
for they generally invest their all In merely the capital
which is called up, without considering the lability of
paying future calls. No person should invest in a Joint
Stook Bank or any other company, even of limited
liability, Without being prepared to pay up the shares
he holds in full, and to be very es.feful in ascertaining
the liability under the articles ti the association.
SU PPLT OF WOoL. —The supply of wool, which is in.
creasing year by year, amounted in 1999(after dedecting
the exports to 113,742,8731 b. The production of wool
in the United Kingdom is estimated at 173,000.0001 b.,
akin wool at rather over 43,000.0001 b., and woollen rails
torn up to be used so wool are (two thirds imported)
about 30.000,0001 b. in quantity. Tbe whole available
supply of the year thendore in the United Kll3loolo
reached the enormous quantity of 300,000,0001 b. Vast
as is the supply, it is little enough. A return made in
1862 shows 2,182,609 spinning spindles in the kingdom,
all of them first process spindles, and not doubling
spindle.; the worsted looms are estimated to be able to
produce 147,971,000 yards of goods annually. Mr. Baker,
the factorie, inspector, calculates that, deducting that
which in being remianufaatured, the pure wool required
for woollen spindles is 218,960,0001 b., and for worsted
and alpaca spindles be takes Mr. James's estimate of
99,706,0001 b., making die actual annual consumption
of wool in the United Kingdom 318,000,0001 b. Tele is
the demand, at the lowest calculation, of what may be
called a fair steady trade. Of the worsted trade Mr.
Baker states that it may be said to wait for the supply
of raw material ; with a large supply it mums likely to
be very greatly extended Llt is a manufacture for the
many and for most if oat all clim•tes. The surplus of
supply of Wool over the demand I. not =Maio:it to give
certainty and regularity to the tride. It Is to our
Australian colonies that Ire must look for greater (attire
espy ies ; and in those eolooiea, in conseggetwe of the
extent of the sheep ions mad the prollle Nature of
shosp4annlng, the production of Wool roily almost he
, said to be ilßmitablo for many years to code, if suel-
, Meat energy and capital see thrown into the work. In
, IMO Australia sent us 9,721,2431 b. of wool; in 1862,
71,339.0921 h. Mr. Baker gives the result of the experi-
ence of a sheep farmer in Queensland, detailed in •
debtor and creditor rboottnt. He began with MOOD
capital, an which be allows 10 per out, for interest for
; Gee years, as If borrowed money; with it he purchased
I biz stock, beginning with MOO ewes and 30 rims ; at
the end of 14 years after paying 14 years' expense., he
had, in eachfor wool and sheep sold and in the velue of
his now 82,488 sheep and of the station, L'113,310, in.
; stead of his original £3OOO.
DRAFZIT TBADIA —Drapers, dealers, and mer-
chants are all afraid of holding stocks, and spinners and
manufacturers shrink far more than they did • couple
;of months bask from insides anything except to order.
Thou who increased their production towards the close
; of last year are not enooursged by that etperiment to
keep up their present quantity. A diminution is setting
in in earnest, end must moon make itself felt. Even
thou who most strongly maintain that prices cannot
fall, because the American civil war is not going to end,
are Fenerally found acting u if they had no faith in
; their own opinion.