The Daily Times.
Liverpool, Merseyside, England, 1861-01-09 00:00:00

Moot Atarket.

(Front _Messrs. T. and IL Littledale and Co.'s Circular)
So regular and uniform has been the course of
the Wool trade during the past year, that when
she have said there has existed a steady consump-
tive demand from the opening •to its close ; that
prices have scarcely fluctuated to an extent worth
naming ; that they are at the commencement of
1861 just about on a parity with what they were
at the beginning of 1860, and that the stocks on
hand at these dates show little variation, except
of English Wools, which in consequence of the
unusually light clip, must be considerably smaller
—we have epitomised in one brief sentence its
chief characteristics. And yet, ordinary as
these remarks may appear and as a tem-
porary result however satisfactory to the
Wool trade, the position of the Woollen and Wor-
sted trades throughout the manufacturing world
arc such as to bespeak grave reflections, and ought
to command an active sympathy ; they are not
extending in the same. ratio' as other branches of
industry, and are precluded from doing so for
want of adequate supplies of the raw material.
The cry of scarcity, which has been sounded fur
the last eight or nine years, has produced no
practical effect, the small increase of growth
having been absorbed without any relief ; in
England, economising expedients have been
resorted to on an enlarged scale—the use of
Cotton in " -Woollen" and " Worsted" fabrics
has been vastly augmented ; and the manu-
facture of Rag Wool (which consists of old worn-
out Woollens, torn or ground up) has been
developed into quite an important branch of busi-
ness, under the name of Shoddy or Mango, being
utilised to the extent of 38,880,000 lbs. annually
(equal to about a foruth of our yearly importations
of Colonial and Foreign Wools) for t.he purpose
nu-
nd yet wi
with, or adulterating
.th e
nilorroionlo,
uusl its
disn,a
pricesetue--aofixioligWool, when not checked by advern

extraneous nfiuencek, ever Brat itateto an extreme
range,,snch fa‘ct, as effeetuallY to hmit the'con-
gumption.. We hatVe latterly congratulated our-
'selves on iltelaiievement of the French Treaty, as
.gikeryto create a new outlet for our manufactures,
Woollens and Worsteds amongst the rest—more
recently we have felicitated ourselves on the
opening.of a market in China capable of swallow-
ing such goods to an indefinite extent—pray
where are they to come from? Our present Chs-
tomers are evidently taking all that v:-re Ytc i e 'the ,
raw material to make, 'arid US prices
1853, 1857, 1859, turd 10.0 hal4 falPably-fa'iled
to infirenee anything- preportionate in- ,
trease of supply, the present Scarcity must
for all practieal purposes be 'considered itbso'H
Iqte—eigO, all - biusitiess in Boil li and Wor-
-sted goods to 'fie* '6..stoiners must necessarily
be bo ikkeit Astractedfrom the old ones! This
Is 'a most unWelcome conclusion to arrive at—to 1
men of the World, haying the word 'propre*":en.
eternally On their lips, 'it seUiich t ;credible—but
who can gainsa q,'? fAter ask, where can we
loOlt tir*eliq what we want is more Wool—
afo'i• Which we can give a good price—fifty per
cent. above what was considered profitable to
grow, it ten years ago !, We might point to
Canada as especially capable of assisting our
growth Of Africa for an in-
crease of Fine Colonial, and to India fott a larger
supply of Low Wools—but if the stimulus
of excessive price . has prolied inStifficient to
effect the desired purpose) we are at• a loss for
a stronger inducetiont. There is an increase
of importations': for the year -of 48,964 bales,
Which, large as it May appear, is estimated' to be
Much too small to make up for the deficient
growth at home besides this, there is an increase
Of expOrtations ditring the first eleven months of
3,401)414 Um, or about 10 per- cent. In the
ex-
port of Worsted and -Woollen Goods for this period
there is a slight Piling., -Off, but of Tans' Iti
increase amounts to 24 per cent. It will he
-readily perceived from the foyegjiffg 'tilt the
position of the 'Wool inark`et• j'At iieW Is 'very
strotig, hilt tts high '.iirttijestd latOtirer and•
high prices for the ra.l:, material, mean stollpro-
fits for the Wiannfaetnier, an iitreine Calition
pet'Vades the -entire trader-all purchase‘s Matie,
being for inunediateCOnsliniption, The Liverpool
iniporta ifctr I`B6o it'Ke'lAt, to 185;703 bales against
443,049 bat nin 1859. The next Liverpool Wool
sales will commence on Tuesday, the 15th current,
and it is supposed will contain 16,000 bales East
India and 5,000 bales sundries.

LONDON, TUESDAY EYANIXD,

In the LONDON STOCK EXtITANGE to-day
the announcement IA the advance by the Bank of
France c otttribtited to precipitate the fall in the
Funds, and a fresh reduction of n per cent. took
place. There was, however, no sign of panic.
All other classes of Securities exhibited a reduc—
tion to a greater or less extent. The decline in
most of the principal British Railway Shares vas
from to about 1 per cont., but buyers coming in
a few immediately rallied) and closed about a per
cent. higher than yesterday: Lombardo-Venetian
fell nearly 2 per cent., and Grand Trunk of
Cannada 1i

The market closed at the following prices
THE FUNDS.

Consols Money
~ Account (Dec.) . . .
Exchequer Bills .. .• . . . •
Bank Stock
Three per Cents • • 914 i

.

THE DAILY TIMES, WEDNESDAY, JANUARY 9,__1861.