The Northern Daily Times.
Liverpool, Merseyside, England, 1856-10-06 00:00:00

Thus, we hut

The London Freight Market continues to exhibit
We compile from our usual weekly reports the following the state depression that has characterised it sines
epitome of trade in the manufacturing districts : the close of the war, and much difficulty is expe-
tTance in discounts, and the general stringency of rienced in providing profitable employment for ourti he advance
Manchester
e mon e
y market,k
aheadveweopemrautsed t
reupo almost every trade; absence of any active denim/
nf;
sluggish and inanimate, and resulting in a very limited being a like feature in the Australian East r West
looked for under the circumstances, and, on the whole, show
tvotuhre abdlyemaonndth a e
s
shipping. Unfortunately, this remark applies tee
extent of business. Prices are firmer than could be Indian, Brazil, Mediterranean
'll. o
Of late years, the shi , or ot er Services.
little weakness, but so far as the trifling business going on pping interest has frequently
recovered f • rom periods of similar depression to the
gives opportunity of judging, the turn of the market is
resent b
slightly in favour of the buyet. In export yarns the market ia.
, y some unforeseen circumstance giving
is quiet and rather dull. There is little real business doing, rise to an unusual demand for tonnage ; the die-•
and although prices are in general pretty steady, it is not covery of guano, Californian and Australian gold,
easy to sell to any extent without some concession. Warps with its attendant rush of emigrants, and lastly,
of good quality are, perhaps, an exception, and are quite the war, having each in turn influenced the Freight
stiff. Twist ceps, &c., for the Blackburn market are dull Market in the shipowners' favour. At present there
and heavy of sale, at a decline of 11 per lb. are no immediate prospects of any such improve-
from the extreme rates lately realised. Ia Boob. are
and shipping property will realise no more
a very moderate Business has been transacted,
and buyers appear disposed to restrict operations as interest on the capital invested than othersecurities.
!
much as possible. Manufacturers, hoiteVer, are generally In the
event of the proposed emigration of 5,000
fthe F • Legion with their wives, to the
decline, Foreign.
e
unburdened by stocks, and are resolute in resisting any
decline, but find it a matter of increasing difficulty to realise Cape of Good Hope being carried out, we may,
old prices, especially for quantities. expect a stimulus to the freight market, as forty
There is an improvement in business generally at Leices- ships at least will be required for the service.
ter • and a still greater demand is anticlpated for autumn The tenor of recent advices from India is in
and winter goods. Prices of material remain as last favour of a rise in freights, but the improvement
reported. Several American buyers are at the Nottingham has not affected rates on this side, which continue
market, but up to the present time no orders have been without alteration--say Calcutta, 80s to 85s United
placed. , There is some briskness observable in the shipping Kingdom or Continent ; Bombay, 60s to 05s United
branch, bat the home trade is rather dull, and it is feared Kingdom or Ns Continent; Ceylon, 80s • Singe ore
that the raising of the rate of discount by the Bank of Eng-
or Manilla 70 ito 75s •; M,eilmein 100;to 105 P
.s for
land will add further to the depression in the sale trade. Ther®
teak; Alr 'b, R e M I ' '
ya anmoon, ou mem, or Bassein, to
has been the usual temporary dullness consequent upon the . •
United Ktnedom of Continent, 85s. Rice, usual
approach of the fair. In the silk edging branch there are 0
some fears of depression; but in wider laces, as also in time limitation. , Outward freights to the East
muslins and other cotton fabrics, an improved demand is Indies are in a mato% compass ; ships on the berth
load slowly, exports being small except of railway
' materials. Coal freights to the East Indies are
firm from Wales to Aden, at 30s ; Bombay, 17s 6d ;
CalCutta; 20s; ,`,suez, 555, &c. In the Australian
trade :freights are very dull, owing to the
excess of tonnage on the berth, and rates are
very low in the face of an active export. The
emigration commissioners continue chartering,
the engagements last week having comprised the
Mary Ann, Southampton to Sydney, at 131 12s 8d;
the Parsee, Southampton to Moreton Bay, at 141
8s ; and the Mary Ann, Plymouth to Portland Bay,
at 141195. The demand for tonnage for coals to
Australia continues good. For Sydney, at 371 lOs
from the Tyne, or 37s 61 from Wales ; King
George's Sound, 321 lOs from the Tyne, or 32s 6d
from Wales. The vessels entered and cleared for
Australia, between the 15th and 26th September
inclusive, comprised the following :
Entered out.
Ships. Tonnage.
1 612 .
I 649
I 290

Dbservabiti

The Rochdale Wool trade continues as reported in our
summary for the Royal Charter. There is still a large
supply, but holders maintain prices. The acJounts from
Bradford continue tame. Little business has been doing
either in piece goods or wool; but no change in prime has
been reported.

Froni Birmingham we have the following report:—An-
other advance in the price of tin is the principal occurrence
of the week. On Wednesday morning, circulars were
received by the manufacturers, announcing that common
block had advanced gs, per cwt., making the price £6 14s.
6d. ; refined ditto, Is. 6d. ; and upon all other descrip-
tions of this metal the rise is proportionate. The advance
was to some extent unexpected, although it had been
reported for ten days previously that stocks were low, and
that the wants of consumers were rather pressing, most of
the manufactures into which this metal enters having been
very brisk all through this year; and it is stated that for
the last ten days orders in these various branches have been
increasing. To these circumstances may In all probability
be attributed this rise—the second within a month. The
• -- it now bonds, is enormously high--.from
-ksit was considered a good price
' --ithotit the slightest
ping placa. The
'• animated, with

£3O to £4O a ton bayou

Adelaide

Cleared.
Ships. Tonnage.
4 2,495
I 751.
1 405 f
:383
1 296
1 461
4 3,903
3 2,810

nut a grep.t. many ~ears ago ; ant

Hobart Town
Launceston
Moreton Bay
New Zealand
Port Fairy
:Port Philip
Sydney

prospect of 1107
brassfoundry tra.

.= ,170
. 1 640

the exception of cabinet brassfounari
are somewhat scanty

1 the orders

J-d detail(' fot

kinds of ironmongery good

branches of the steel

2 1,038
2 1,947

,ov trad

eavy steel toys

rt orders, both in the

o

very lar

me Ins'

: 9 6,346 16 11,504 1
The rates for guano from the Chinchas are with-
out alteration---80s to London . or Liverpool for
vessels above 700 tons; 85s United Kingdom or
Continent; for vessels under 700 tons. The nominal
rates in the Brazil trade are 30s salt, Cadiz to
Rio Grande, with 50s home for hides ; Rio
Janeiro, 27s out for coals, 40s home for coffee;
Bahia, 42s 6d home for sugars ; River Plate, salt
out from Cadiz. 27s 6d, with 45s hornefor wet hides.
In the West India trade then: is little offering,
timber freights alone engage any attention—say
Manzanilla, 755; Belize, 65s ; Goatzocoalcos, 80s;
According to the circular of Mr. John Whittaker,
the following are the present rates of freight :
From Liverpool to Sydney, 302 ; Melbourne and.
Geelong, 87s ;to the Wharf, 50s ; and to. Ade-
laide, &0s to 355. According to the same authority,
the total number of vessels sailing from Liverpool
to Sydney were 9, whose tonnage amounted to
0:40, carry out 9.56 passengers ; to Melbourne
21 isels of 27,676 tons, with 4,160
to Geelong . direct, 1 vessel of

aakers hay

a couple-or mo

from the Eist India Company

)iek-axes, hoes, &

the largest ever
_ding fre,m that quarter, but more than one house is so full
as to be unable to compete. With respect to some of 6e
fancy trades there are a few complaints, but vtte have
reason to believe that these are not g moral ; the papier
macho trade is in a state of progperity ; there have been
several good foreign orders in of late, at the present time
these are considerable, especially from Spia and Portugal.
From the district there is nothing new to report. The
quarterly meetings of the ironmasterz take place next week,
their occurrence on this occasion being; rit the very earliest
period at which they can be held. Until these assemblies
have passed over, it is impossible to form any opinion ns to
the manner in which the resolution at the trade meeting
last week is likely to be supported. The advance in the
rate of discount comes most inopportunely, for the trade is
just now in that peculiarly sensitive condition, when any
pressure of that kind would be sure to be considerably felt.
There was only a small attendance at our Exchange,
and very little business -was done ; but the feelings
appearetl to he that the trade has received a further check ;
at least that the needy makers, finding greater difficulty in
procuring acdonitnodation, and obliged to go on at the
works, will be forced to concede to lower terms than they
have yet been necessitated to accegt. Some of the pig
masters are almost certain to find themselves in that condi-
tion, for the make is rather beyond the consumption, and
prices for hot-air, though quoted at £4 2a 6d to £4 ss, are
really very c ,nsiderably lower for a very fair quality of
iron; in fact, this quotation may be said to ba nominal,
inasmuch as we have heard of rates as low as £3 12s Gcl,
and have reason to believe that this is not the lowest
figure. We observe, too, that the stocks of pig iron
are greater than they were a fortnight ago. Cold-blast
and Shropshire pigs both maintain their price. For good
makes of finished iron, especially bars and plates, orders
tnreliminary meeting, and

r is one o

and Geelong, 21 ye

passengers

I with

'e. 3 vessi
)bart

630 ton

with 310 passen-

) tons, and

n, vessel of 767

the total callings

increased

ince the

eon-
nt feeling as to their ability to abide by the resolve of

In the coal trade there is rather more animation conso-

quent on the increasing consumption. For
it is about Is per ton dearer ; slack, 6d ; b

e descriptions

the supply is

still plentiful,
advance even

to prevent any considerable
inintinn lionnmaa erronfar ihnn

it is at the present time

The copper market is firmer, and as
now rather lower in proportion than any other ietats, an
advance is considered as by no means improb' tl
more ground for this rssumption, as orders
pated at present quotations. The quantity u, so
Cornwall Ticketings, fur the quarter ending September 25,
amounted to 49,636 tons, the amount realised being a
fractipn below X 300,000. The purchase was by three
companies; of these Elkington, Mason, and Company, took
3,391 tons; Williams, Foster, and Co., 10,702 tons Ur ;
renfell and Sons, 4,925 tons ; and Vivian and Soks, 6,959
tons. At Truro, on the same day, 3,725 tons of ore were
sold, producing £24,529.

, there is

a ot

ire sold at

„
The pig iron trade of Glasgow hag been very quiet during
the past week, and the business done chiefly of a retail
charac er. Sales of warrants have taken place at 693 3d,
cash, closing sellers, buyers offered G9s ; No. 1,71 s 6d ;
No. 3, 683. The flax and yarn markets of Dundee are dull.
The supply of linen continues limited, in consequence of the
hands still being employed at harvest work.

It CallPo

441.1.7 TRADE IN THE MANUFACTV .411
DISTRICTS. RING THE PRESENT RATES OF FREIGHTS.