Year.Entered.Cleared.
Tonnage.Tonnage.
1694135,97281,148
1750511,680179,860
1800796,632729,554
1841-18501,596,4531,124,793
(average)
18815,810,0434,478,960
18958,435,6766,110,325
190510,814,1157,913,115

In the coastwise trade, in 1881, 38,953 vessels of 4,545,904 tons entered; in 1895, 43,704 vessels of 6,555,618 tons; but these figures include vessels trading within the Thames estuary (ports of London, Rochester, Colchester and Faversham), which later returns do not. Omitting such vessels, therefore, the number which entered in the coastwise trade in 1905 was 16,358 of 6,374,832 tons.

Business.—The City has been indicated as the business centre of the metropolis. Besides the Royal Exchange, in the building of which are numerous offices, including “Lloyd’s,” the centre of the shipping business and marine insurance, there are many exchanges for special articles. Among these are the Corn Exchange in Mark Lane, where the privilege of a fair was originally granted by Edward I.; the Wool Exchange, Coleman Street; the Coal Exchange, Lower Thames Street; the Shipping Exchange, Billiter Street; and the auction mart for landed property in Tokenhouse Yard. The Hop Exchange is across the river in Southwark. In Mincing Lane are the commercial salerooms. Besides the Bank of England there are many banking houses; and the name of Lombard Street, commemorating the former money dealers of Lombardy, is especially associated with them. The majority of the banks are members of the Clearing House, Post Office Court, where a daily exchange of drafts representing millions of pounds sterling is effected. The Royal Mint is on Tower Hill. The Stock Exchange is in Capel Court, and numbers of brokers have their offices in the vicinity of the Royal Exchange and the Bank of England.

Manufactures and Retail Trade.—No part of London can be pointed out as essentially a manufacturing quarter, and there is a strong tendency for manufacturing firms to establish their factories outside the metropolis. There are, however, several large breweries, among which that of Messrs Barclay & Perkins, on the riverside in Southwark, may be mentioned; engineering works are numerous in East London by the river, where there are also shipbuilding yards; the leather industry centres in Bermondsey, the extensive pottery works of Messrs Doulton are in Lambeth, there are chemical works on the Lea, and paper-mills on the Wandle. Certain industries (not confined to factories) have long been associated with particular localities. Thus, clock-makers and metal-workers are congregated in Finsbury, especially Clerkenwell and in Islington; Hatton Garden, near Holborn Viaduct, is a centre for diamond merchants; cabinet-making is carried on in Bethnal Green, Shoreditch and the vicinity; and large numbers in the East End are employed in the match industry. Silk-weaving is still carried on in the district of Spitalfields (see [Stepney]). West of the City certain streets are essentially connected with certain trades. The old-established collection of second-hand book-shops in Holywell Street was only abolished by the widening of the Strand, and a large proportion then removed to Charing Cross Road. In the Strand, and more especially in Fleet Street and its offshoots, are found the offices of the majority of the most important daily newspapers and other journals. Carriage and motor-car warehouses congregate in Long Acre. In Tottenham Court Road are the showrooms of several large upholstering and furnishing firms. Of the streets most frequented on account of their fashionable shops Bond Street, Regent Street, Oxford Street, Sloane Street and High Street, Kensington, may be selected. In the East End and other poor quarters a large trade in second-hand clothing, flowers and vegetables, and many other commodities is carried on in the streets on movable stalls by costermongers and hawkers.

Markets.—The City Corporation exercises a control over the majority of the London markets, which dates from the close of the 14th century, when dealers were placed under the governance of the mayor and aldermen. The markets thus controlled are:

Central Markets, Smithfield, for meat, poultry, provisions, fruit, vegetables, flowers and fish. These extend over a great area north of Newgate Street and east of Farringdon Road. Beneath them are extensive underground railway sidings. A market for horses and cattle existed here at least as early as the time of Henry II.

Leadenhall Market, Leadenhall Street, City, for poultry and meat. This market was in existence before 1411 when it came into the possession of the City.

Billingsgate Market, by the Thames immediately above the custom house, for fish. Formerly a point of anchorage for small vessels, it was made a free market in 1699.

Smithfield Hay Market.

Metropolitan Cattle Market, Copenhagen Fields, Islington.