The British Press; or, Morning Literary Advertiser.
London, England, 1826-08-21 00:00:00

STATE OF TRADE.

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Lacy's, Aun. 19.—We have to mention a very gratify-
ing fact, strongly indicative of an improvement in the
staple trade in the Vest Riding of Yorkshire. For several
months past the cerrying trade has felt extreme depression,
in common with almost every other branch of business, but
within the last ten days the quantity of woollen end stuff
goods, particularly of the latter, purchased from the mer-
chants and manufacturers in the districts of Leeds and
Bradford, has increased so considerably, that the London
land c.:rriers from hence have found it necessary to increase
their establishments, and have had to convey on an average
from live to six tons daily of manufactured goods, which
is d üble the weight brought to their warehouse within
the same time for many months hack, and is nearly equal
to the quantity usually conveyed from Leeds to London at
this ',Neon, in prosperous times. The prices still continue
extremely low, but the sales which give rise to the present
activity are, we believe, Ixout Ale ones, and many of them
are made by houses which buy principally from the " do-
mestic manufacturers."
We are Ire quently toll that representations of the revival
of trade do harm, by inducing the wool-grower to advance
the price of the raw material. To this the proper reply is,
that falsehood may do harm ; truth will not have that
effect. Wool, like manufactured goods, has been unduly
depreased. IVe wish the farmers may be able to obtain a
moderate advance, and maintain it ; this will prove in-
contestably that the amendment in trade is not a symptom
merely of returning health, but a positive recovery. It
should also be recollected, that the deficiency of trade has
arisen in part, at least, from want of confidence, and that
nothing tends more effectually to the revival of confidence
than a persuasion that trade is reviving.
We cannot report this week any further improvement in
the state of trade. Perhaps on the whole the demand is
hardly equal to that of Ir.! week; yet the prospects of
business are not worse, and though our improvement will
certainly not be rapid, we are inclined to think it will on
that account be the more certain. The following is an ac-
count of the distribution of yesterday :
No. of Bacon Oatmeal Pegg
Tickets. lbs. lbs. bads.
Sholelall - - 1811 1322 8991 35
Oldham-road - 1938 1061 9028 20
Anent. - . 1070 910 45t01 0
31in.hull.olleet . 1726 1377 0760 12
Nilleratreet . - 1019 744 4560 6
4.1.01i0n-row 296 337 1044 U
Ariloick - - 261 251 91: 0

8113 34402 3111itil 124
Cs sit received far provisions sold at the different stores, 21. 19s. 10d.
The until cost of yesterday's distribution is 48.22. Ms. Id.
In consequence of the exhaustedsti eof the funds the
distribution of food to the poor ceased yesterday. The fol-
lowing is the quantity of food distributed to the poor of
Blame, Friday, August IS:-518 lbs. meal, 277 lbs. bacon,
ots. peas.-3fac.heefer Gam dies.
BANKING.—The banking concerns of Manchester are as-
suming an interesting character. The project of establish-
ing a Branch from the Hank of England, in that town, is
by no means popular. The merchants and manufacturers
see no reason for increasing their dependence on the Lon-
don Banks, and a project has been formed for a Joint Stock
Company, to be called " The Manchester Merchants' and
Manufacturers Union Bank." A prospectus of the pro-
peed Union Bank has been issued, from which it appears,
that the capital stock of the Company is to consist of
300,0007., divided into .5,000 shares of 100/. each. When
Low sham; are subscribed, the Company will be consi-
dered as formed, and the transactions of the Company will
continence as soon as the deed of settlement shall be signed
In subscribers to the extent of 2,090 shares. The affairs
of the Company are to b.: managed by a president, vice-
president, and a board of twelve directors, annually
eeeted. The accounts are to be made up every quarter,
and eaeli shareholder is to he allowed to inspect the balance
slie.t. The prospectus enters into a view of the present
sinettion of the commercial and manufacturing interests
of Lancashire. Amongst the principal promoters of the
measure are those who were staunch supporters of the late
war, and ardent friends of the Pitt system of politics; and
the following is the picture drawn by these gentlemen of
the present state of the town and neighbourhood of Man-
dirtier :—" In a quarter where wealth, intelligence, and
public spirit have been so often and so strikingly displayed,
we are now forced to witness a discreditable contrast in the
apparent poverty, and real despondency of feeling, and
cheerless hopes expressed by almost every individual at-
tending our Exchange ; and the spititless and senseless
allegation, that time alone is to affbrd a remedy for these
evils, is reiterated from week to rieit and from month to
month, whilst every one painfully witnesses the aggravating
influence of this tartly remedy. The lapse of time can be
attended only with a remedy more fatal than our pre-
sent disease, because it can operate no other way than by
the utter destruction of all the weaker commercial houses,
and by shaking to their foundations the strongest among
us; and it is evident these destructive effects must continue
to operate until the diminished number of tradesmen, or
otherwise the diminished scale of mercantile operations,
shall comport with the present limited amount of the cir-
culating medium, to a scale properly adapted to the wants
of the community. Let us, therefore, rather look to the
instant exertion of our own energies, than trust to the
benumbing influence of time. Let us apply our shoul-
ders to the wheel, instead of calmly looking on, whilst
(until) it becomes incapable of being extricated from the
slough into which it has film.' The evils are attributed
to the " gnat reduction lately made in the aggregate
triantity of the circulating medium ;" and the remedy
proposed is " an expansion of our monetary system, '
by the establishment of joint stock banking companies.—
]: rdi Xeres,' y. _ _ _ _

We have all along avoided giving any judgment on the
state of trade in this market, from not being able to ascer-
tain precisely how matters stood, some opinions leading to
ilepontleney, while others were of that sanguine hue
which tended to excite expectations that might not be gra-
tified. Of late, we understand very considerable purchases
of cotton goods have been made, but at a rate so low, as
not to encourage the manufacturer to re-stock, or, at all
eventi, not to raise the price of weaving, which is the
tillterial point. There is upon the whole, however, a
bitlile of improvement in mercantile opiniOn and confidence,
and that is as much u we feel ourselves warranted to say.—
Gifurite Herald. _

Since we noticed the appearance of reviving trade, a good
malty goods have been packed for exportation. They are
rindy printed goods, stripes and checks, shirting and
e ruse linens. No branch of the cotton trade has suffered
so ittle as the coarse goods (stripes and checks) for domestic
co smnption.—Glavout Chronicle.
rite par r-mills in the neighbourhood of Dublin have
al been idle for three or four reeks, in consequence of a
turn-out amongst the operatives, to effect payments in the
new currency. The advance thus required is about the
slam that enables the Irish manufacturer to compete, in this
branch of trade, with the English manufacturer; and.
therefore, if the operatives succeed, there is no great like-
lihood that any paper manufactory will be left long tx-
taring in this country. *Ve undastand that the operatives
in the business here have had three or four shillings a wcek
more than their brethren in Manchester, Liverpool, or any
other F.nglish town. The introduction of machinery into
the Dublin establishments has been heretofore successfully
resisted by the operatives.—Dublin Evening Register.

A correspondent has favoured us with a report of a Teed,
delivered by Mr. John Fulton, to the mine-owners, as-
sembled at the Manor House, Alston, on the lirttli instant,
for
'"'"e purpose of selling ore. After regretting the great
depression which has lately taken place in the price of lead,
which he represented to be so great as to compel many
miners in Alston Moor to relinquish working, and conse-
quently throw a great number of workmen out of employ-
ment he proceeded to inquire into the cause of so great a
4,.'11"1011, and attributed it principally to taking off part
Alr'ln the import duty on foreign lead. He thtn stated that
Ilaskisson has publicly promised to take off the re-
mainder of the duty next Session. From the fatal effects
or the first reductiOn they might calculate what further ilia-
Imo they had to expect, if that promise were fulfilled ; he
therefure urged them to have petitions ready to present to
Parliament as soon as it assembles, against Mr. If uskis-
-4'l" Proposed measures, and lie trusted their example
Pould to followed in every mining district in the kingdom.
--jell.

IT