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Leader (1850-1860), 11th September 1858, Edition 2 of 2, Page 28, g^g THE l<JESAl>EIt. [No. 442, September...

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      G^G The L<Jesal>Eit. [No. 442, September...

      g ^ g THE l < JESAl > EIt . [ No . 442 , September 11 , 1858 .

      Railway Intelligence. The Most Important...

      RAILWAY INTELLIGENCE . The most important feature in the railway world is the meeting of directors and railway representatives , which took place on Thursday . At that meeting it was stated that assents to the resolutions passed at the former meeting had been received from eighteen railwaj' companies , representing an amount of capital exceeding 150 , 000 , 000 ? . The following resolutions Were then fit rrii » d I—

      " 1 . That the rates and fares on the several railways of the kingdom should be so fixed as to realise the largest amount of net profits , due regard being had to the interests of the public . " Carried ( one company dissenting ) . " 2 . That where any two or more companies interested in any particular traffic fail to agree among themselves as to the rates and fares to be charged , the points in dispute shall be referred to arbitration . " Carried ( four companies dissenting ) .

      " 8 . That where two or more routes exist between any two points , the rates , fares , and charges between such points shall be equal . " Carried ( nine companies not voting ) . " 4 . That this meeting strongly recommends the settlement of all differences between railway companies by arbitration , instead of by recourse to law-or to excessive and ruinous competition , and that powers be sought for from Parliament in the ensuing session to enable any two or more railway compauies to settle all disputes by arbitration . " This resolution was carried unanimously .

      " 5 . That a committee , consisting of the chairmen ( or other directors ) of the assenting companies , with the addition of the Mayor of Liverpool , the Rt . Hon . J . Parker , Mr . Leeman , and Mr . Wilson , be now appointed to prepare a bill for presentation to Parliament , with power to add to their number * to . appoint an executive subcommittee . " This was also carried unanimously . These resolutions appear to have befcivprepared with care and judgment , and if they can weather the shoals and rocks of Parliament and become embodied in a bill , then we shall have hopes of the railway interest rising from that depression and surmounting that distrust which , it has experienced , for so long a period .

      As far as the railway market is concerned , we have nothing particular to report beyond the fact that there have been petty fluctuations in most of the shares , and that the North British is the only company whose shares have sustained a marked rise . The market may be considered as a rising one . Certainly there is nothing that we know of to come forward as likely to affect prices injuriously . The Portsmouth RAirAVAY .- ^ -Arrangements have at last been completed with the South Western Company for the lease of this line , which is now completed with the exception of the stations . Humour states that the opening of the line will take place in October .

      The Victor Emmanuel Railway . —The first trial trip was recently made on the trunk line of the railway from Saint-Innocent to Culoz ( Victor Emmanuel Railway ) . The train proceeded along the embankment thrown across the Bay of Gresine , which is very deep at that part , in order to unite the tunnel to that of La Colombiere . The train , after passing through the tunnel of La Colombiere , which is 1200 metres in length , and cut out of the solid rook , skirted olong the mountuin as far as the tunnel of Brison , where another halt was made . In a few days there will be a , direct communication by rail to Geneva , Lyons , and Paris .

      The Metal Trade. * Messrs. Trueman And F...

      THE METAL TRADE . * Messrs . Trueman and Fry state that tho tendency is towards improvement : — " . CoKpjsR . r-Since our last publication , the smelters have reduced the price of copper 4 ^^ per'lb . for manufactured , and 51 . per ton for cake ; yet , from all wo can gather , little or no increase of orders lias taken place in consequence ; there appears , however , to bo more disposition to purchase foreign nt the reduced value , and a fair amount of business has been done during the last

      few days . 44 Ikon . —This metal has rather strengthened during the past fortnight , and we cannot now purchase British bar iron quite on ouch favourable terms . In Swedish , also , a large business has been done , chiefly for tho Bombay market . Scotch pig has rather receded , mixed numbers selling , but not freely , at 64 s . —^^ mteffi b g _ , flqn | l ,, ft , goofl business doing in this metal during tho last few aays , ana-prisSsT ^ VhiolMmd receded about ll ., have now fully recovered , and n good deal of confluence is generally felt in its future position .

      " Lisau calls for no special remark ; a fair amount of business has been doing , and . prices remain unchanged . «' Srnit / ruiH ,- ~ There has been more doing in spelter for tho East , but in € ho face of the 'large stock tlie demand has not had any effect upon prices , which have fluctuated between 28 ? . 15 s . and 24 / ., a parcel of 70 tons haying been sold yesterday at tho latter price . Stock oil the 1 st iqstnni , 4409 tons . ' » Txn PfcATBS have again been dull of sale , and prices nrp ^ jt ^ , dlfljGHlty supported . "

      Home, Colonial, And Foreign Produce Mark...

      HOME , COLONIAL , AND FOREIGN PRODUCE MARKETS . REVIEW OF THE WEEK . Mincing Lane , Friday Evening . The prevailing feature throughout these markets is the uninterrupted steadines in current values , and the slow but permanent degrees by which trade is expanding . The elements of prosperity are regarded as such as might warrant a more speedy revival , but all / concur in the opinion that the restraint , which is evidently imposed

      by the experience of the past , is both wholesome arid desirable , and must result in great ulterior advantage . Production of neatly all the primary necessaries of life , as well as of the " cading manufacturing staples , is abundant , whilst the supplies of capital arc equally satisfactory , and with ample materials thus at hand , the development of trade is watched with considerable hope . But whilst all operations of a bond Jide character , are therefore confidently entered into without reserve , there is a continued absence of speculation , and an apparent determination not to push business beyond its natural

      limits . CoRJT . —Harvest operations are drawing satisfactorily to a close . It is estimated that about three-fourths of the crops have now been secured . The quality of the wheat is generally well spoken of , but scarcely more than one-third of the j'icld of barley is expected to be really fine . Beans and peas will be short crops , and oats barelv an average . At Mark-lane this week the supplies of English wheat have been short , and rather a large proportion inferior in condition and quality . Prime samples have commanded a ready sale at the full currency of the previous week , and other qualities , although purchased sparinglv , have not been obtainable on lower

      terms . Kent and Essex white brought 50 s . to ols . ; extra fine qualities rather more . Foreign w-beat Av-as firmly held throughout , although the week ' s imports have beeii moderately good . From most of the continental markets high prices are advised , with but little doing for shipment to England , and this gives holders cori ^ fiderice ; Dantzic white has realised 52 s . to 56 s . ; Rostock red ,-5 . 1 s . to 52 s . ; French red , 45 s . to-16 . ; Russian , 38 s . to 44 s . No quotable change has occurred in the price of flour , but only a very moderate business has been done . The top price of town is still 43 s .: town households , 37 s . ; seconds , 32 s . to 33 s . ;

      country households , 33 s . to 35 s . j seconds , 31 s . to 32 s . ; prime Norfolks , 31 s . per sack ; American , 21 s . to 24 s . per barrel . Prime malting barley meets an increased demand , and is rather higher in price . Grinding qualities sell steadily at fully late rates . Malt is taken off in limited quantity-at steady prices : choice were 72 s . Beans and peas , in consequence of short supplies , bring full market rates . Oats continue in steady request at quite late rates for all good corn ; the imports of foreign are still liberal although not so large as of late . The provincial letters generally report a steadiness in prices , with a fair demand on the respective markets .

      Seeds . —The week ' s . arrivals of linseed are 10 , 300 qrs ,, all East India . Boihbay seed soils steadily for consumption nt 00 a . to GOs . Cd . ; Calcutta , 58 s , ; floating parcels of the latter bring 60 s . Cd . to 57 s . cost , freight , and insurance ; and Black Sea seed at 58 s . per qr . Rape-seed has ceased to decline , and Calcutta is not offered under 58 a . ; Bombay Guzerat , G 4 s . ; inferior , 4 $ s . to 60 s . Potatoes . —Tlie samples at market this week are generally in good condition , and it is expected , should the disease not mako further progress , that the season will be the nne & £ for some time past . Regentssell atoadily at 55 a . to 7 fis .. ; SIuuvs ., 50 s . to 65 a . nor ton .

      Hops . —Picking is now becomiug gdiidral , and the results favourable . Tlio duty ia estimated at 200 , 0007 New hops are arriving in tho market more frcoly , and sales have been made nt 75 b . to 100 a . for Middle Kent ; G 5 s . to 75 s . for Weald ; and 00 s . to C 5 s . per cwt . for Sussex . Hay . —Supplies nro seasonably good , nnd prices steady ; meadow hay 74 s . to 84 s . j clover 96 a . to 105 s . ; second cut 00 s . to DHtj . ; at raw 98 s . to 80 s . per load . Stock . —At tho Metropolitan Cattle Market the » ho > v has been unusually largo , but has consisted chiefly of coarse and inferior broods . For all prime fat stock tho demand has boon good and quotations firm , but inferior dtiBfti . iptlQnaJuLyn . bean , , d , i | jncult , of salo at reduced prices . The number at miwket , unu current quora ( IoTrs * WeTe * ns follows : — - MONPAY . Boost . Shoctp . Calves . Pigs . 0 , 528 20 , 000 280 . 740 4 s . 2 ( 1 . to 5 s . 4 s . 2 d . to 5 s . 2 d . 4 s . to 5 s . 8 s . to 4 s , Cd . THURSDAY . 1 , 429 8 , 070 807 200 4 s . 2 d . to 5 s . 'la . 2 d . to 5 s . 2 d . 4 s . to 5 s . 8 s . to 4 s . Cd . pKOViaiONB . —Gountry killed meat is sent to market sparingly , but tho supplies on offer are equal to the demand , whjoU is but moderate . Bcof , 2 s . 8 d . to 4 s . 2 d , ;

      mutton , 3 s . 8 d . to 4 s . 4 d . ; veal , 3 s . 8 d . to 4 s . ; pork , 3 s . 4 d . to 4 s . 4 d . per 8 lbs . by the carcase . Cured meats are without quotable change . Tea , Sugar , Coffee , Rice , Spices , & c . —For reviews of these markets we refer to the circular of Messrs Travers and Sons , which will be found in another column . Saltpktre continues to be firmly held , but the market is not over active . The demand is mostly for arrival , and late shipments' have commanded rather higher terms . On the spot the sales are 1000 bgs . Bengal at 42 s . to 47 s . 6 . d . for 2 to 2 J per cent , and 1000 bgs . Bombay , at 33 s . to 33 s . 6 d . About 300 tons sold to arrive early periods , 41 s . 9 d . to 42 s ., late , 42 s . 6 d . per cwt . 400 tons were lauded last week , and the stock is slightly increased .

      Cochixeat ,. —Fine qualities are in demand for export at fully Id . per lb . advance ; other descriptions firm . 560 bgs ., mostly sold , fair to fine bold Honduras silvers : , 3 s . 9 d . to 4 s . 2 d . ; inferior and foul , 3 s . 5 d . to 3 s . 7 cl . ; Teneriffe silver . * , 3 s . 8 d . to 3 s . lOd . Safflower . —Fine qualities of the new crop have been strongly competed for , there being some immediate orders , and the market- on Russian account . Prices of these descriptions advanced 40 s . per cwt . ; other kinds were about 10 s . dearer ; 110 bis . have sold ; fine 11 / . 12 s . 6 J . to 18 / . ; good 11 . 12 s . ( id . to 8 L 7 s . Gd , per cwt . Indigo . —Good shipping . Bengals coutinue in request at fully 3 d . per lb . advance on the last quarterly sale ? . The quarterly sales are fixed for the 12 th October .

      Other Dye-stuffs . — Redwood is m demand at Al . 7 s . 6 d ; to At . 10 : ? ., being dearer . Turmeric fully sustains its value ; common Bombay sold at 14 s . Bengal held at 25 s . Lima Orchella weed sold at 281 . to 29 / . os . Lac Dye is more iu demand , A C in diamond sold Is . 5 ' cl . ; other factory marks Is . 3 d . down to 5 Jd . for Native . Cutch . —rThe transactions have been of moderate extent at about late rates . Gam . bier quoted 15 s . 9 d . to IGs . . ¦ ¦ . ¦ ' ¦ ' ¦ ¦¦ ' India-Rubbek . —A large business has been done in East India at 7 j ^ L , and subsequently 8 d . paid for a small parcel . Fine Para brings Is . Cdd ., and the market generally is firm at the advance . Drugs . —Opium has declined to 21 s . to 21 s . Gd . for fine . Camphor in public sale brought G 5 s to 65 s . fid .. Star Aniseed oil advanced to 7 s . 9 d .

      Cotton .- —The . improving position of trade in cotton manufactures is inducing an increased demand for the raw material , and within the last few days the daily sales at Liverpool have averaged 15 , 000 bales , whilst prices have advanced Id . per lb . The most satisfactory feature in this is that this extension of business is tlie resuit of natural demand and not of speculative ventures . The small stock of cotton in London is held firmly at ¦ comparatively high prices , but transactions are to a fair extent nevertheless . The week ' s sales are 2100 bales Surat at 4 J to , 5 g ; Tianevelly Madras , 5 g . At Liverpool 09 , 000 bales have sold , and Bo weds are i higher . Jute . —Prices arri again 10 s , per ton higher , the anticipations of a short crop still influencing the trade . Tho week ' s sales are C 0 OO to 7000 bales at 161 . 5 s , to 20 / . for common to good bright . The supplies on the way to London and Liverpool are estimated at 9500 tons against 6200 tons last year .

      Cord Goops . —r-Yarn in consequence of increased supplies , has been purchasable on rather easier terms . Other fabrics have sold steadily . Hrmi * . —St . Petersburg clean hemp is now worth 30 / . to 30 / . 10 s , per ton , with , a steady business passing . Enst India hemps are without alteration in value , Mbtals . —Although transactions in the aggregate are still restricted , the market is generally healthy . Some increase of orders ia observable in several

      departments , and indications are in favour of a steady improvement in most . Rather considerable sales of epoltcr have been made , and tho price has advanced to 24 / . Tlie stock is , however , heavy , and any material rise is therefore not anticipated . At the , recent declino , copper lias gone more freely into consumption . Lead and tiii continue firm in price , but with little doing in either ut tho moment . Manufactured iron is in steady demand ; but Scotch pig is offering on , rather ., lower terms , closing today at 54 s . per ton .

      Oils . —Linseed has met an improved demand nt 33 s . 8 d , on the spot , and 83 s . Cd . for delivery up to Dccoinber . In the almost entire absence of business , rape oil i » n ° ' miniilly as lust quoted . Olive is purchased largely by consumers , but is not altered in valuo . Cocoa-nut , lias advanced to 87 s . 8 d . to 87 s , Cd . for Ceylon , and 88 s . < W . to 40 s . for Cochin . I ' ulm etoady at 80 s . ; palm-nut 808 . to 81 s . por cwt . Tho few dealings in flsu oils lwvo ooou * W 1 ' rTtTrrntnrr

      Turjpkntinks . — A considerable business Ms U * on done , viz . 3000 brls . from store at Us . Oil . ; 8500 bria . ex-ship « t 10 s ., and about 1000 brls . spirits at 87 s . >>«• to 88 s . por cwt . , . ' Tamuow Tho market has been dull throug hout , bin closes with rather olbottqr tone . Y . . O . on the spot 50 > oc . j last three months 49 s . 8 d . Public * ul < u ) went at CM . »*¦" olino . Australian , 40 s . 9 d . to Ola . Toganrog , «»•¦««• to 00 s . Gd , South Amorlotw 49 * . OU to 41 ) 8 . » o . f »' owt . Oflioiftl market letters Town Tallow Wa . »« fat by ditto . 2 s . u ^ cl . i molted fltufl " , 80 s . 6 d . P « r oWtl

  • Citation
    • Leader (1850-1860), Sept. 11, 1858, page 28, in the Nineteenth-Century Serials Edition (2008; 2018) ncse-os.kdl.kcl.ac.uk/periodicals/l/issues/cld_11091858/page/28/