17 Feb 1853
Page 1
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This newspaper page contains 11 articles. Subscribers can read the full text of each article.
Newspaper
Commercial Daily List
Location
London, Middlesex, United Kingdom
Date
Feb 17, 1853
Page
1
Prices advance in SALTPETRE JUTE HEMP and INDIGO with varied auction results. Cotton trade cautious but confident, small lots of INDIGO, COTTON, and GUM change hands. arrivals include shipments from New York and Boulogne with assorted commodities and goods on hand in late February.
Coal ships at market with 545 sold including Hettons Stewarts 198 Od to Od Holywell Gosforth Reddells and others 17s td 17a Od.
In Hull on February 15 traders report arrivals of Memel Riga Konigsburg Amsterdam seeds and Hamburg stock with modest disposal. Seed markets rise. Black Sea seeds and rapeseed demand strong. Linseed oil up to 82s per quarter. foreign brown oil at 37s6d to 39s3d. linseed cakes £8 15s to £8 17s6d. bones in demand at £5, rustics.
Manchester reports show subdued sentiment amid unfavourable Bombay news and rising U S receipts while Liverpool market remains strong. Buyers secure fresh contracts on easier terms for 20s to 40s mule yarns though finer sorts cost more. Prices largely unchanged.
SiLxs in Macclesfield show high activity for spring trade with most manufacturers operating to order. Thrown silks rise in demand for the home decor market as buyers await public sales. raw silks are quiet with buyers waiting.
Glasgow on February 16 reports Yarna dull but not lower and Lucan in strong demand with tight supply. Goops active at fall prices while stocks pressingly low and only 2000 hhda in bond with no arrivals expected for weeks. Motasena enquired, market tending up despite forced Berbica sales. Crohed in good demand at full prices. Pig Snow market dropping with mixed lots. TarLow valued at 463 Y.
Leeds February 15 report notes a steady woollen goods supply at market with manufacturers pushing for higher prices. Sellers offered earlier terms, while buyers accepted an overall move toward advancing prices.
February 15 report notes goons and all business chains mostly in low quality inventories. Ball very bare as demand out of stock. In warehouse all business continues brisk despite shortages.
The piece argues the public shows little concern over coffee adulteration, while disputes focus on whether simple or compound mixtures should be allowed. It critiques protective legislation, compares coffee chicory mixes to gold chains, and warns overreach harming producers and public choice.
The article defends free trade and shipowners against a Quarterly Review critique of maritime policy. It argues tonnage and employment rose under liberal trade, notes freight prices climbed, and warns against arbitrary burdens on shipping. It cites Mr Laypeay and officials, condemns salvage payments to war ships, and calls for reforms to maritime law and governance.
The directors' half yearly report states a second call of £2 108 per share fully answered has been appropriated. Plans include steamship construction of 800 tons with high horsepower, nearing completion negotiations to open Norwegian and Swedish trade, and expanding between Great Schiffly and Hamburg. The company reports rising traffic and improved rates as ships target new routes.
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