The Northern Daily Times.
Liverpool, Merseyside, England, 1857-01-05 00:00:00

THE SILK TRADE.

The better feeling *Mel/ tie noticed in our last circular,
as having characterised the silk trade at the close of 1855,
was not long in expanding at the opening of the past year
into substantial improvement in its various branches. The
steady rise with little intermission in the prices current
during the early part of the year, was founded on a bona.
fide, and healthy business. The excessive import of
Asiatic silk was coup'ed with the highest rates which
have ruled for a considerable period, checked neither by
astringent money market, nor by political embarrassment;
as the year wore on, sinister rumours from France, Pied-
mont, and Lombardy, which had gradually been assuming
a more tangible shape, became a reality, and the European
recolta proved beyond doubt an unprecedented failure,
the deficiency being estimated at from seven to eight
millions of pounds, this again gave a stimulus to prices,
and confidence to the market. The importer throughout '
the year has realised handsome returns ; the manufacturer,
although having had to battle with a diminished con-
sumption, the inseperablo companion of extravagant rates,
has enjoyed a satisfactory position the throwster, bene
fitting by all three causes, the failure of the European_
crop, the abundant import from the east, and the advance
in the price of throwns, has had full employment at
remunerative rates. The export of English thrown silk
continues to be an important feature. There have been
few disasters during the year; the general tone of the
trade at present is healthy, and we think that the year
upon which we are now entering is looked forward to with
confidence, certainly with more than ordinary interest, for
it must develops two questions of much moment ; the
import of China silk—can it be much increased ? the
European crop—will it be again a failure ?
Came SILK: This silk has continued in increasing
favour, the large import being fully required for the
extended consumption ; the extreme scarcity of and the
high rates ruling for Italian silk, have compelled our
manufacturers to adopt a cheaper staple where practi-
cable, hence the obvious result. There is much reason to
regret that some of the better sorts of this silk are not
reeled finer, were it so it would just now be a great boon
to the trade as a substitute for European silk ; the reeling
of some of the No. 1 or No. 2 Tsatlee, the size of Yu.en.fa I
would be a new and valuable feature—and why should it
not be so? This silk has again been largely taken for
export; deliveries have been in excess of the preceding
year. In prices a steady rise continued till early in
September, when they reached the culminating point,
Tsatlees 22s 61 to 26s 6d, Taysaams 15s 6d to 235, a
sudden reaction then set in, and by the beginning of last
month prices had receded, for Tsatlees 3s to 3s 6d, '
Taysaams 98 6d, since then a recovery has taken place
further advanced by the news jure arrived of the bom-
bardment of Canton by our ships in the China waters, and
the protracted arrival of some 18,000 bales now afloat ;
what the effect of another China war would be, coupled
with another Ofailure of the European crop, it is
difficult to estimate We quote the following prices, in
January.... Tsatlees ses 6.1 to •40s od...Taysaams..lts 61 to 153 6i
April IBs tid to 22s 0,1.. —14 s to 18s 6d
August —22 s to 26s Od.. 17s od to 22s od
November .. ..19s 6d to 24s Oil.. ..163 6d to 2 I s Od
Ye ,r closing —21 s to 25s 6d.. —17 s to 22s Od
BENGAL SILK : This silk has met with an active demand,
especially for the finer and best descriptions, extravagant
rates having been paid for first class filature silks, Surdahs
at one time realising 30s to 335, the lower sorts have like-
wise participated in the advance, though not to the same
extent; deliveries have nearly doubled those of the
preceding year, when the consumption was already in
excess of 1854. Wb may quote the following prices in
January.... B +uleah.. 8s ed to 8s 6d.... Surdah.. 17s Oct tti 20s Od
September.. —13 s to 15,3 0d.... ..30s Od to 33s Od
Dee,mber —13 s to 14s 0ct.... 262 6d to 29s Od
'"ITALIAN SILK : The rates current for this silk have
been relatively, as well as actually, extremely ;high ;
manufacturers have only been in the market in cases
where no other sort was available.
WASTE SILK : Waste has experienced considerable
fiuctuations during the year, prices at one time ruling very
high, as much as 3s 9d,to 4s 3d being paid for husks and
knubs, 4s to 5s 6d for gum waste, 5s 64 to 6s 31 for carded
cocoons; prices are now lower, there is no great stock in
the country, the market has been quiet for a few weeks
past ; spinners have only been tolerably supplied with
orders, excepting the producers of the " long spun," who
have been fairly busy throughout ; the year closes with
more doing awl a better feeling. We may quote the
following prices, in
January. September. December.
Husks and Knobs 24 od to Si Gd .. 3s 9d to 4s 33 ... 3s Od to 4s Od
Carded Cocoons 4s tid to 5s Gd 5s 91 to 8s 3d .. 5s 3d to 7s 6d
Gum Waste 23 6d to 4s Od .. 44 Od to 5s 6d .. 3s Iod to Os Od
PLuct VAL & SUDLOW,
Newmarket Buildings, Manchester.

ALEXANDRIA, Dec. 19, 18b6.

°nillast circular was dated the 20th ult. The operations
in the place for the month amount to 37,500 cantars cotton,
300 cantars flax, 200,000 ardebs wheat, 17,000 ardebs
beans, 8,000 ardebs barley, 13 000 ardebs linseed, 400
ardebs sessame, and 300 ardebs Indian corn ; and contracts
for deliveries between this and all January have been sold
and resold for 48.000 ardebs Saidi wheat at piastres 104
to 115, and until March 3,500 ardebs sessame at piastres
190 to 195.

Cotton : 'The demand for the continent continues, and
extravagantly high prices are maintained; 6,000 cantars
of the late Abbas Pasha's have been sold at $l2l to $l2l
tarit; or 7 B.lod to 81 per Ib, f.o.b. ; 6,500 cantars of other
Pasha's at $l4 to sl4i, or 6 9-10 d to 811 per lb, f.o.b. ; and
25,000 cantars of private trade at $lll to $l4l, or 7d to fild
per lb, f.o.b.
Flax: The only arrivals have been 300 cantars, viz., 20
cantars hand dressed, sold at piastres 148, or £4O 8s firl
per ton f.o.b. ; and 280 cantars rough, sold at piastres 66
to 76, or £lB 5s to .E. 21 per ton f.o.b.
Wheat : The present values are, Pasha's fine Saidi
piastres 115, or 43s 4d per qr f.0.b.; private piastres 106
to 110, or 395 7d to 41s per qr f.0.b.; deliveries in January
piastres 109. Pasha's fine Behera piastres 109 ; private,
piastres 103 to 106, or 38s 8d to 39s 7d per qr f.o.b.
3Beans : There are no Pasha's, and few private trade for
sale. The last rates were piastres 88 to 89, or 32s 21 to
32s 6d per qr f.o.b.
Barley : The present value piastres 66, or 25s 2d per qr
f.o.b.

Lentils : None.
Indian Corn : Only 300 ard-bs arrived sold at piastres
65 to 75, or 24s 9d to 28s 4d per qr f.o.b.
Linseed: Sales have been made up to piastres 150, or
55s 8d per qr f.o.b.
Sessame: 160 ardebs sifted sold at piastres 240, or 89s
per qr f.o.b, and 240 unsifted at piastres 196 to 214.
IRExchantte on London piastres 101 to 101 i. The above
calculations are made at 101.

Freights : Many ships disengaged, and few charters
offering. The quotations are 4s 31 to 4s 63 beans for
orders, 2s 9d to 3s 2d to direct ports. Other grain or seed
in proportion. Cotton id per lb for Liverpool. Flax 40s
to 455. Gum 205 to 2.55.

Weights and Measures : 1 cantar gross equal to 92 lb'
nett cotton, equal to 95 lbs nett flax. 100 ardebs equal to
65 imperial qrs beans, 623 qrs wheat, &c.

EXPOBTS.

Cot'oo. Flax. Wheat. Beans. Barley. Lentils. Linseed
Bales. Bales. Ardehs. Ardebs. Ardebs. Ardebs. Ardebs.
To all party 6,000.... 337... 249 860... 21,400.. 4,038 .
To U. K. —3,737.... 76.... 71,256.. 12.557.. 1,914 — .11,089
PEEL & Co., Manchester.