The Express.
London, England, 1867-01-19 00:00:00

MARKET&

SUGAR. —Ber,voL, JAN. 18.—The demand cominnts
very active, end prices are about le. dearer.

TALLOW.—PamgY Eriamwo.—The tallow market re.
mains in a very inactive state so far as speculative LlWitury
is concerned ; on the spot, however, there is a good trade
demand. Our quotation.' are :—Spot, 445. new Y.C. -
March, 445. 3d.; April to June, 445. to 445. 3d. ; Octobv;
to December, 454. There is no change in town tallow
445. net ash. At auction, of 340 casks offered 190 sold:
Australian beef, 436. &L ; South American, 455. first pipe.,
yellow, 435. 6d. to 44a. Delivery to last evening, 1,473
casks; arrivals, 825 casks. Cocoanut oil is paint ; Cachja
50s. • Ceylon 512. • sydw7,4fs. to 45.., Middlins tofu
Palm oil and: h. declined ; fine Lagoa is quoted
40s. 10iL ; palm nut oil, 41s.

COT'T'ON.—Licsarom., JAN. 17, Evzirmus.—The de.
wand for cotton in the early part of the week was almost
entirely confined to the supply of the immediate wants of
the trade, and prices consequently gave way a little.
Yesterday and to-day the business has been more general,
exporters and speculators buying to some extent. Priors
have hardened, and close with only a slight decline from
last week'szoLations. New York advices to the 16th inst.
quote mid ' at 35 cents, mating to sell in Liverpool
1544. per lb. Island is freely offered at last week's
rates, but is in good request. In American a decline Ina
submitted to of fully id. per lb. on Monday and Tuesday,
but considerable sales have since been made, and prise;
close id. in the middling and id. in the lower qualities
below Thursday's Etcnejeli. The demand for Brazil has heel
limited, but there no general pressure to sell quote.
hone are reduced only d. to id. per lb. Baptian is freely
offered and irregular, at a decline of about id. to id. per lb.
Smyrna barely supports former rates. Early in the week
the trarmactions in East India were exoßedingly limited,
and enabled buyers to make purchases at a reduction of
fully Ad. in Buret, and Ad. to id. in Bengal and Beinde.
Subsequently there has been more doing, and prices have
recovered about id., but still show an average decline of
about id. on Burst and id. on Bengal and !kinde compared
with last week's rates. Speculators have taken during the
week 2,810 bales ; exporters, 7,560 bales ; and the trade,
27,200 bales. FRIDAY, JAIL 18.—We have bade fair de-
mand today and a very daddy market at previous rates,
The sales are 8,000 bales, of which 1,500 are for export
and speculation. The following are the official quotations:
Fair Orleans., 17d. ; middling, Iliad. ; fair Mobile, 16rd. ;
middling, 14jd. ; fair us, 160. ; middling, 141 d.

COTTON GOODS.—llastomernen, JAN. 18.—From the
offers in the shipping yarn market it is believed theta
considerable amount of business might have been den Or
day, but spinners have been sang rather higher rates.
This has checked business, and the market has ben
rather quiet. The business in home trade yarns has she
been quiet. There had been some little improvement is
the tone of this portion of the market on Wednesday and
yesterday, but it appears to have been hardly maintained
I to-day. There is no new feature in the cloth market
since Tuesday; if anything it was influenced rather for the
worse by the early telegrams this morning from the Liver-
pool cotton market. There has been some inquiry and a
little business, but the offers generally have been at the
lowest rates, and at a most ruinotui male for manufac-
turers, but even at these terms buyers do not seem dis-
posed to operate except for small quantities. Indeed the
business in cloths to-day has been entirely of a
retail character. A telegram from Liverpool announces
that the Cotton Broken' Association have passed
their resolutions with respect to payments for oaten.
It will be recollected that the cotton broken put forth a
correspondence on this subject. The proposal, with moms
modifications, was agreed to by the Cotter;
Spinners' Association, and by the trade. The recommen.
dation sa pared to-day by the brokers is Payments in
cash within ten days, leas 1 j per cent. discount, and that
I interest at the rate of 5 per cent. per annum be charged
1" allowed when the payment is made before, or after, the
due date of invoice." There are several exceptional and
other features of the market worthy of note at the
present moment. One of them is the insufficiency of coal,
owing to the long-continued frost, to keep all the indus-
trial establishment.; at work. Not only have some cotton
factories and machine shops had to stand for want of coal,
but it has been doubtful if some of the trains on on of
our principal railways would not have to be dimentinued.
This, of muse, is partly due to the freezing of canals,
and to the strikes of colliers and other causes. Coals are
always a heavy item of expense to millowners, and
the fact that Dome of them are now obliged to
pay greatly enhanced prices for fuel and oil is
one to which serious consideration fa due in
estimating the difficulties to which manufacturen and
spinners are subjected at the present date, when
many of them owing to the high price of cotton, and the
languid demand for cotton goods are losing from lid. to
20. per lb. on every pound of cloth they sell. The loss
at present is mostly on the spinning, and hence those who
Ppurchase their yarns and manufacture cloth only, are
osing lees than those who are winners only. There is
nothing like a general attempt to reduce the wages of ope-
ratives. The cost of making a 71b. T cloth, including cot-
ton and everything, is 19d. or 20d. per lb. The cost in
wages will be about 2id. per lb., and hence the relief to
the manufacturer to be gained by a reduction in this item
of 2jd. by 11 per cent. is too inconsiderable to demand
much attention. The oscillations in the price of cotton,
amounting not unfrequently to 2d. or :id. per lb. in a few
weeks, are much more serious and perplexing affair.
Another new (and manufacturers would be too glad to
believe it exceptional) feature of the trade is the import
of Belgian cloth into this market. There are some not
inconsiderable lots of cloth made in Belgium in the ware-
houses of Manchester merchants at the present moment.
They are of the class of goods called heavy domestics, and
which enter into the home consumption of the country.
Whether they can be made at a price (the quality is
good enough) to enter into permanent competition with
our own manufacturers remains to be seen.

CORN.—CRILIWIFORD, JAL 18.—There was a moderate
supply of wheat shown to-day, and the high prices asked
by farmers, coupled with the difficulty of transit of corn,
chocked business ; where sales were effected Is. minim
was paid. Barley without change for best runs ; sewn.
deep rather lower. Beans firm at late rates; stied! supply.
Average wheat, 65e. 9d. ; barley, 495. Id. ; oats, 275.
LiNcout, JAN. 18.—We have had a good supply of
wheat, and last week's prices were fully supported.
Barley rather easier to buy, but not quotably lower.
Wheat. red. Ns. to Ma. ; white, 70s. Barley, 34a to
55a. Oats, 25e. to 35e.

LrrearooL, JAN. 18.—We had only a limited attandanes
at our market to-day, and both wheat and flour were is
moderate eoneumptive request at the extreme rates of
Tuesday. There is so little fedi= corn offering, that
holders obtained an advance of fully 6d. per qr. Bears
slightly easier. Oatmeal steady. Oats in fair request, at
full rates.

WAKF?IZLD„ Jan. I&—Wheat trade quiet at last Fri.
days prices. Fiat barley rather dearer. Average for the
week ending Jan. 14: Wheat, 3,274 qrs., at 6'9. 11d. ;
barley, 240 qrs., at 38a. 94d.; oats, 130 qrs., at 2t a.

COALS.—Lonnote, J. 18.—Buddles West Hartley,
18s. 3d. • Holywell Main, 203. ; West Hartley, 18s. 3d. ;
Walla Elul Acorn Close, 255. ; Walls End 1111114)(1, 21,.3d. ;
Walls End Riddell, itte. ; Walls End Wharneliffe, 211.
Walls End Haswell 285.; Walls End Pittington. 221.;
Walls End East lir:rtlepool, 275. 6d. ; Walls End Thorw
ley, 26e. ; Branoepeth Cannel, 186.--Bhipe at market, 2.5;
add, 23.