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Leader (1850-1860), 11th December 1858, Edition 2 of 2, Page 27, , BAILWAY INTELLIGENCE. The Railway Comp...

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      Greneral Trade Repoet. London, Friday Ev...

      Th reat Britain on the 1 st inst , was redueed J 5 S o ? ton . against 92 , 500 and 57 , 500 tons m 1857 a 1856 while for the principal continental ports fh treturn 7 at the same elate were only 12 000 tons Saiost 21 , 000 and 19 , 000 tons respectively . The Stion of several Ceylon vessels , long overdue , we rendered the operations in coffee unusually Umited throughout last month , but liberal importations may shortly be expected . The advices from the different centres of our staple manufactures all concur in stating thatijutoiu

      steady , and that it wears generally a healthy appearonce It is true ve have no very large foreign orders from ' abroad , if we except India and America , and these are not for piece goods in particular , but we have a fair demand as far as the season will admit , and the home orders are about the usual average . The thick weather has been against the transaction of much business in Manchester , Leeds , and Bradford as it is unfavourable for ascertaining * texture and colours . In I ^ erpool there has been a very cottontrie sales

      satisfactory amountTJf business . In , have not been very large but the amount taken tor consumption has been very good , while the speculative purchases have been limited . It is very much to the credit of the Liverpool banks , and other provincial joint-stock banks , that they should have restricted advances to the legitimate requirements of commerce . They have not fostered the same kind of speculation—at least it is the general belief—which has been going on for several years past and which reached its culminating point in 1857 , when the crash and crisis brought everything to a dead lock . At last we have reason to think the majority of the banks have acted on the prudential principles it uldbe

      we have indicated , though of course wo - hopeless to expect that enterprise in Liverpool , called speculation everywhere else , could be quite extinguished , and that banks would not occasionally lend a hand to share profits of a higher rate than the profits afforded by ordinary trade transactions . One reason why business has been less brisk than common , is that preparations are being generally made for stock taking ; this remark particularly applies to Manchester and the factory districts . Liverpool has been principally active in corn transactions . The favourable . wind has brought in a considerable number of grain vessels , and this , of course , produced activity in that direction . At Manchester

      the yarn market has been brisk ; spinners have obtained very full prices for yarns suited to our Eastern trade . For speedy delivery a good amount of hiismoss has been transacted ; the purchases have principally been for Calcutta , Bombay , China , and Germany . It appears that German buyers have intimated their willingness to enter into contracts with the spinners until the end of the year , but not beyond that period . This is owing to the unusually mild -vveather , i which renders it less probable that the inland navigation will be stopped . Shippers are thereby encouraged to complete all orders for early delivery . As far as the home trade is concerned , there is not so much activity , but quite enough to firm instances trifling

      keep prices . In exceptional a reduction is submitted to in some descriptions of yarns , but , generally speaking , prices are good . For the Mediterranean , yarns are in request . In the cloth market there is an active demand for India and China . We mentioned last week that the large amount of exports in this direction has excited attention , and led in some instances to the inference that exporters are likely to overstock those markets . But from inquiries wo have made we have reason to believe that the India and China markets will absorb the quantities sent out and ordered , and that an increasing trado may be expected in these directions . The latest advices ffom India and China state that shirtings , mndapollams , and jaconets realise full prices . The homo orders are riot in such abundance ,

      but trade is not considered dull . The demand for printing cloths has been good , but tho demand for longrcloths and T-oloths has not been vpry active ; prices , however , have been well sustained . From our circulars , we make tho following extracts : — - "Thoro has been a little moro inquiry to-dny for India gooda , owing to tho continued good accounts from Bombay and Calcutta , and a moderate business has been done in thorn at tho full rates of Tuesday last . For ™ -clotha and long-cloths thoro is a loss octivo domaml than via havo had for some time , but prices nro well supported . In other respects thoro is no change from the regular demand and steady prices of tho last two or threo weeks . "— . " To-tiny there hns been a steady market without change of prices for goodH , tho trade buing generally well hold boforohand to tho end of the year , larna are perhaps a Httlo tamer . "

      Lbbds . —Not a very nctivo marlcot , but otherwise business was of a satisfactory character . Tlio tono ot the market firm , and orders us abundant nml as extensive as is customary at this period of ttfo year . Uooaa of light toxturo in considerable demand . NOTTiNanAw ; . - — It is remarkable that tho laco trado continues to exhibit deplorable depression , It is ( uiucult to account for tho abeonso of buyers , and

      the cessation of orders . It is hoped the new year will produce a change for the better . Leicester .- —The hosiery trade is in general activity . An excellent amount of business is being done , the open weather operating very favourably on the demand . The operatives are all well employed at good wages in the town and country districts , and materials , especially wool , appear to be at full prices . . Bbadford . —The wool markets are doing a fair amount of business at remunerative prices .

      Iron and Coax , Districts . —The hardware trade is tolerably active . The large masters , especially the Welsh masters , are well employed on railway orders from India , the Continent , and America . The strike is not quite subdued , but men are daily coming in to their work , and there is great hope that we shall soon see an end to the unseemly differences which prevail between employers and employed , and which have already produced so much real injury to both parties , but especially to the turnouts .

      No. *** Timber 11, 1858. 3 The Leader. 1...

      No . *** Timber 11 , 1858 . 3 THE LEADER . 1363

      , Bailway Intelligence. The Railway Comp...

      BAILWAY INTELLIGENCE . The Railway Companies' Association met yesterday at the Railway Clearing-house , H . S . Thompson , Esq ., in the chair . The railway directors present , who represented a capital of 136 , 873 , 000 / ,, set forth in strong terms the many serious grievances under which the railway interests of the country labour . It was stated that the report issued by the association has met with the almost unanimous support of the railway shareholders of the kingdom , and that the association intend to bring into Parliament during the next session a measure for legalising decisions of arbitrators on all questions which railway companies may fairly submit to arbitration ; and also for

      legalising agreements between companies for the division of traffic . The chairman gave notice that at the next meeting of the association he should propose that the Government be requested to appoint a select committee on railways , with full power to inquire into all grievances complained of by railway companies , and to suggest such remedies as in their opinion might appear desirable . The following gentlemen are chosen for the General Purposes Committee : —Mr . H . S . Thompson , North-Eastern ; the Hon . F . Ponsonby , Great Western ; Mr . E . TootaJ , London and North-Western ; Mr . L . SchusterLondon and Brighton ; Mr . H . Love ,

      , Eastern Counties ; Colonel M'Lean , Lancaster and Carlisle ; Mr . T . Salkcld , Caledonian } Mr . K . Hodgson , North British ; Sir Morton Peto , Chester and Holy head ; Mr . J . Holme , Lancashire and Yorkshire j Mr . G . Gamble , Manchester , Sheffield , and Lincolnshire ; Mr . W . Fenton , Oxford , Worcester , and Wolverhampton ; Mr . J . O . Ewing , Edinburgh and Glasgow ; Mr . T . Meynell , Stockton and Darlington . And the following gentlemen the Law and Parliamentary Committee : —Mr . H . W . Wickham , M . P . ; Mr . W . P . Price , M . P . ; Hon . H . W . O . Stanley ; Mr . E . GSalisbury , M . P . j Mr . R . D . Mangles , Mr . E . Watkin , Mr . G . Leeman , Hon . J . C . Dundas , Sir A . Orr , and

      Mr . G . Wilson . The directors of the Groat Western Railway have changed their chairman . Lord Shelbumc , eldest son of the Marquis of Lansdowne , has succeeded the Hon . Spencer Ponsouby . Some months ago an Act of Parliament was obtained , authorising an amalgamation between tho London and North Western and Chester and Holyhead Railway Companies . A valuable mail contract between Government and the latter company is stated to bo in abeyance pending the completion of tho arrangements . The shareholders are beginning to inquire whence arises the delay . Influential buyers of the Chester and Holyhead stock have of ate been in the market .

      Tho Mackintosh suit against tho Great Western Railway Company has arrived at tho fixing of the sum to be paid by tho company . Thoro is no question as to either tho law or tho equity of the case ; but each item in this contractor ' s bill of fifteen or twenty years' standing is vehemently disputed . The object of tho company is apparently delay , and it is possible that the settlement of tho matter may yet jo adjourned for months . A special gouoral meeting of tho North Eastern Railway Company is called for tho 21 st inst ., nt directors to to Parlia

      York , to authoriso tho apply - ment for power to construct " a railway to Patoloy Bridge from tho railway from Leeds to Tlnrsk , ana certain other branch railways . " A special mooting of the Midland Company was held at Derby , on Wednesday , for tho purpose of considering tho contemplated lease of tho Lxttlo North-Woa torn lino ; Mr . Bealo , M . P ., the chairman , presided ? A discussion took placo of a somewhat stormy character , and an adjournment was moved ; finally a resolution was carried in favour of the lonso .

      Brazilian Railways.—The Cuamb^ Havo Grau...

      Brazilian Railways . —The CUamb ^ havo grautod

      a guarantee of 7 per cent , on the privilege of a line of railway to run between the capital and the town of San Fernando—about twenty miles distant . The agents of Mr . Price , the contractor for the first section of the . Dora Pedro Segundo Railway , having refused to hand over to the company the last part of the section , the directors attempted to-take possession of the same by force , but failed , on which the Government interfered and possession was given , the Government undertaking to settle

      promptly the contractor ' s claims . At Bahia the railway works were progressing most favourably , native labour being abundant , and Mr . Watson , the contractor , having smoothed all difficulties encountered between the interests of the landed proprietors and those of the railway company . Prospectuses for a new railway have been sent home—the line to run between Cachoeira and the Diamond Mines . The provincial guarantee of 7 per cent , required had been referred to the imperial government .

      The Lomjbaru Raii / wato . —A Vienna telegram of the 4 th says that the Emperor has sanctioned the charter of the Southern Railway Company ( amalgamation of the different Railway Companies in Lombardy ) . Grand Central Terminus . — " We are informed that local meetings are about to be held in Whitechapel , Borough , Clerkemvellj and Holborn , in support of this scheme . The Great Northern of France . —The new terminus at Paris is to be constructed next spring . It will be a grand building—the facade will be three times longer than that of , the Strasburg Railway . A part of the new terminus will be built on . the waste ground to the right of the present terminus , which will be taken down to make way for the new building . The works of the line to connect St . Quentin with Rouen , through , Amiens , are commenced , and within two years the line will be opened .

      Jqi^T-Stoce Compares. At The Meeting Of ...

      JQI ^ T-STOCE COMPARES . At the meeting of the Peninsular and Oriental Steam Navigation Company , the dividend recommended in the directors' report , viz ., 3 J per cent , for the halfyear , with an additional payment of 1 per cent ., was agreed to . A special meeting of the African Steamship Company is called for the 22 nd inst ., to consider the resolution submitted at the meeting on the 1 st inst ., to alter certain clauses of the deed of settlement , " in so far as they refer to the deduction of 20 per cent , per annum from , revenue on original first cost of the company ' s ships for wear , tour , insurance , and depreciation . "

      The dividend declared at the meeting of the proprietors of the Bank of British North America was at the rate of 6 per cent , for the year , free of incometax . It was announced that a branch will be established , with the assent of Government , iu the vicinity of the Eraser river gold-fields . The shares of the London General Omnibus Company continue to droop . They were currently offered at the close of business on Tuesday at 30 s . per 4 / share . Rumours were circulated that this

      company will not bo iii a position to pay any dividend for the current half-year . The company have obtained their certificate of registration under tho Limited Liability Act . Ere long the shares will be called in for registration , which is looked forward to with a good deal of distaste by tho shareholders . At tho meeting of the East India Coal Company , the report was adopted , and a dividend declared at tho rate of 7 i por cent . From the activo exertions of the new officers tho yield of coal has augmented fourfold . There is no intention of making a coll ia the course of the ensuing year .

      Bank Of England. An Account, Pursuant To...

      BANK OF ENGLAND . An Account , pursuant to tho Act 7 th and 8 th Victoria cap . 32 , Cor tlio wook oudluff on Wednesday , tho 8 th clay of December , 1858 . ISSUE DErAHTJIEKT . £ I £ Notes Issued .,,..,... 82 , 770 . 170 Government debt .. 11 , 015 , 100 Othor securities ... 3 , 400 , 1 ) 00 Gold coin and bullion 13 , 205 , 170 Sliver bullion , * aS , 77 O . 17 Qi £ 3 ^ 70 , 170 BANIUNO DEFJiJtrMENT . £ ,. &• Proprietors' capital 14 , 558 , 000 Government socufloat 8 , 01 ) 0 , 003 rltioa „ (! " <> huUiiff Public deposits ( In- Dead Weight Au-% 8 SU £ S £ B SSlS *« WiK : 4 " SrS sw « $ sar-vii-awi ^ Banks , and » lvl- Coin » - » , vn . dond Aeoountu ) .. 8 . S . W . 811 Otherdopositu .... l : J , i » 71 . t ) iWr Sovcm Dny & other Bills 7 P-U 0 S ) c T hiti ns » ! jtfso . m . osij 1 M . MARSHALL , Ohlof Onahlor . Dntod tho Oth Uay of Docombor . 1900 .

  • Citation
    • Leader (1850-1860), Dec. 11, 1858, page 27, in the Nineteenth-Century Serials Edition (2008; 2018) ncse-os.kdl.kcl.ac.uk/periodicals/l/issues/cld_11121858/page/27/