Current:

Leader (1850-1860), 12th February 1859, Edition 2 of 2, Page 28, the port, and considerable additions exp...

Page 28
Page 28
28 of 32

On this page

  • Text (9)
  • Transcript

    • Note: This text has been automatically extracted via Optical Character Recognition (OCR) software. The text has not been manually corrected and should not be relied on to be an accurate representation of the item.

      Additionally, when viewing full transcripts, extracted text may not be in the same order as the original document.

      220 The Leader. [No. 464 V Fii3brtjarr 1...

      220 THE LEADER . [ No . 464 v Fii 3 BRTJARr 12 , 1859 ^

      The Port, And Considerable Additions Exp...

      the port , and considerable additions expected from the interior . About 2800 tons are now on the way . Spices in general are more in demand , especially for export . Pimento is id . dearer ; 3 Sd . to 3 fd . paid . Bengal ginger , at 16 s . to 16 s . 6 d ., is dearer . Mace and nutmegs have advanced Id . on export kinds . Cloves are id . higher , and a good business effectedin Zanzibar , at 2 Id . to 3 fd . Cassia Lignea sells unevenly , but averaging late rates . . Fnurr . —Currants heavy and depressed . Raisins firm , -with , anticipations of a good home and export demand . . .

      Inoigo . — The quarterly sales of East India , comprising 99 OO chts ., opened flatly at a partial decline on the previous sales , but have since met a better competition , bringing the prices to a par with the average rates of the October sales . Eon-pah , and dry leaf Madras have been firm throughout . Of 6758 chts . passed the sale , 2774 have been withdrawn , 1115 bought in , and 2869 sold . Cvrcu ^ has advanced to 36 s . 6 d ., and Gambier to 15 s . Cottoh is firmer , with a better demand . 1000 bales sold in London at full rates generally , and l-16 d . advance for saw-grained . At Liverpool 67 , 700 have sold at prices establishing a partial rise of id . per lb . Hemp and Jute are without quotable change . Metals ,: — : S ' co ± ch < pig-iron has further declined to 51 s . 9 d . ; spelter has also declined to 22 Z . 5 s ., beyond which no . change has occurred in prices , and the general tone of the market is inactive .

      • Tallow . —We have had a rather firmer market , and prices are a trifle ' , higheiy During the past two days a considerable business has been done on the spot , and nearly all for consumption ; for speculation very little has been done , though more attention has been directed to April , June , and the last three months . Thetown tallow market was cleared of any surplus in the early part of the -week . The consumers have purchased freely at the principal outports ; The price at St . Petersburg , 169 to 170 . ro . for August delivery . Exchange 35 £ to i leaves . no' scope for our importers ; . P . Y . C . leaves off to-day quiet at 53 s . 3 d . spot ; 53 s . 3 d ., to 53 s . 6 d . February-March ; 53 s . 6 d : March ; 52 s . 6 d . to 52 s . 9 d . April- June ; and 52 s . 6 d . to 52 s . 9 d . October-December . The P . sales to-day went off briskly : Town tallow , 54 s . 3 d . ; rough fat , 2 s . lOd . ; melted stuff , 40 s .

      Commercial Treaty With Russia. The Treat...

      COMMERCIAL TREATY WITH RUSSIA . The treaty of commerce and navigation with Russia , which was signed at St . Petersburg on the 12 th ultimo , has been printed . It gives British subjects equal rights with those of any other foreign nation , and provides that the ports of each country shall be free to the other . British vessels are to be on an equality with Russian in all respects , except as regards the coasting trade , on which each , country is still to reserve the right of making its own . regulations . Vessels from Great Britain , however , may break bulk at any number of Russian ports , and may also load at any number . Freedom of residence and equality of taxation with Russian subjects is accorded , together with exeraptidn from military or municipal service and forced loans , except for owners of real estate . Consuls may be appointed to all ports and towns . Means are to be taken by eAch Power to punish persons introducing goods with fraudulent } trade marks . The Ionian Islands are to share the advantage of the treaty . It is to be for ten years , and ratifications are to be exchanged in London within eis . weeks from the 12 th of January .

      Cotton Supply Tor England. Mb. J. B. Smi...

      COTTON SUPPLY TOR ENGLAND . Mb . J . B . Smith , M . P ., has addressed a letter to Mr . John Cheetham , M . P ., the chairman of the Cotton Supply Association . Mr . J . B . Smith says : — " Tho result of the inquiries of Mr . Bright's India Cotton Committeo ( 1848 ) , of which I was a member , led mo to doubt whether India , which it was then said could produce only 40 lb . to 70 lb . of clean cotton per acre , could compete with America , which yields 4001 b . per acre ? but we have since that tiino had further light on this subject , which leaves no doubt in my mind that India , emancipated from the trammels which bind her , can produce . cotton equal in quality , and ( is cheap or cheaper than , America . But I repeat , this can only be accomplished by European capital and agency . " Tho evidence before the India Colonisation Oommittoe of last session shows what has been done by one Englishman settling down in a cotton district , oven with the present disadvantages attending the settlement in that country . Mr , Landon established himself in Gazer at , in the centre of a cotton-growing district ; lie raised extensive buildings , and filled them with machinery , worked by steam , for cleaning and packing cotton . Ho bought their crops of tho ryots , with the seed , cleaned iind pnoUed . it , nnd sent it to Bombay , either for dale ' or shipment to England . A . native house , encouraged by Mr . Landon ' s success , has also erected similar works . Mr . Landon stated—vliat X heard for tho first time—that tho produce of clean cotton from native seed at Broaoh

      '' " Do not these facts suggest that effected by Mr . Landon in Guzerat may be done by Europeans in other districts ? Would not the funds of your association be as legitimately appropriated to the encouragement of establishments like that of Mr . Landon , in different parts of India , as in sending out seeds to different countries ? And , seeing that so large a produce per acre is grown in Broach from native seed , would it not be well rather to try the effects of good cultivation of the native seed before you go to the expense of other seeds ?"

      ¦¦ what has been averages 2001 b . per acre ; but he also stated an interesting and important fact—viz . that as much as 6001 b . of clean cotton per acre was produced on some lands . Now this cotton is grown on moist land , and is finer and longer in staple than that grown on dry land . We had also evidence that cotton was formerly grown on irrigated land in India ; and this fact , with the evidence that 600 lb ; per acre can be grown on moist land , confirms the information we previously had , that 3501 b . to 400 lb . of clean cotton has been pro duced on irrigated land . .

      From The London Gazette. Ttiesday, Febru...

      FROM THE LONDON GAZETTE . Ttiesday , February 8 . BANKRUPTS . Thomas Hill , Liverpool , broken George Allibone Drage , Olney , Buckinghamshire , boot and shoe manufacturer . < Harky . Richard ; Trigg , Kingston-upon-Thaines and Esher , Surrey ^ builder and carpenter . John Brown , Crawford-street , Bryanston-square , Johnstreet West , Edgeware-road , and Oxford-market , Oxford-street , grocer and cheesemonger . Charles Meads Coleman , . . Folesb . il ! , Warwickshire , farmer , lime burner , and manufacturer of bricks and tiles . - . . ' ¦ ¦ . .. ¦ ' . ¦ ' ¦; ¦ '¦ " . . ¦ James Hicks , Great Driffield , Yorkshire , shoemaker . William McKinstry , Liverpool , broker and commission merchant . . . Margaret Wilson , Halifax , milliner . William Mannion , Liverpool , currier and leather dealer . SCOTCH SEQUESTRATIONS . F . L . ANGAN , Crutched Friars , wine merchant . J . B . Fernie , Kilmux , Fifeshire . W . Wood , Forfar , cabinet maker . G . Mackenzie , Dingwall , writer . W . Ormiston , Glasgow , merchant . Lawrie and Gardner , Edinburgh , merchants . B , Cochrane , Windyedge , Renfrewshire , farmer . J . Cockjjurn , Glasgow , fish merchant . J . Dickie , Glasgow , timber merchant . Friday , February 11-. BANKRUPTCY ANNULLED . Arthur BI'Donald , Kingston-upon-Hull , innkeeper .

      BANKRUPTS . William Trigg , Witley , Surrey , builder . William Jennings , Sneinton , Nottingham , lace dresser . Henry Wood , Long Eaton , Derbyshire , baker . John Leake , Newark-upon-Trent , Nottingham , wine and spirit merchant . John Peter George Smith , Liverpool , banker . John Collingwood , Tarleton , Rhyl , Flintshire , shipowner . James Sohofielp , Vicars , Moss , and Blue Pits , Rochdale , Lancashire , grease manufacturer .

      Francis Hollington , Worcester , draper . Henry John Groves , Newport , Monmoutb , music seller . . Edward Body , Rftmsgato , furniture dealer . Philip Jones , Mynyddysllwyn , Monmouthshire , dealer . Rouisrt Wjells , Bristol , grocer . Thomas Varooe i St . Austell , Cornwall , carpenter . Michael Hollow ay Dean , Ashbourne , Derbyshire , grocer . Edward YAFiyLeominstor , butcher . William Papprill Collins and Henry Edward Collins , Paternoster-row , City , mapsellors . SCOTCH SEQUESTRATIONS . James Troup and Son , Strathmiglo , manufacturers . Alexander Frasbr , Glasgow , soulptor . David Walker , Loitb , ironmonger . David Rodders , Edinburgh , laco and muslin merchant .

      Glasgow Shipowners' Association.—At A Mo...

      Glasgow Shipowners' Association . —At a mooting on Monday , a petition to Parliament wns fully discussed and adopted , and will , aftor being submitted for signature of tho shipping intorost , bo presontod by Mr . Buchanan , M . P ., who has engaged , to take charge of it . Tho petition dlffors in somo respects from those adopted in London and olsowhoro , especially ns ii , very properly suggests as ft roason why attention should bo paid to tho present complaints of tho shipowners , that the operation of thq existing laws maybe to Induce British shipowners to invest tholr oapital in foreign ships , which , while they possess all tho privileges British vossols can claim , Imvo , In addition , various important advantages in other forolgn ports . ' Tho potltlon also nbjuros any wish to moddlo with tho principles of free trade ,

      Money Market And Stock Exchange.

      MONEY MARKET AND STOCK EXCHANGE .

      Friday Evenincf . The Uncertainty As To ...

      Friday EvENincf . The uncertainty as to peace or war which still continues—for no words can assure people against the evidence of facts—paralyses all operations . There is no increase in the demand for money , which continues abundant , and the best bills are discounted below 2 per cent . There is little or no business on the Stock Exchange , where everybod y is full of doubts and apprehensions . ^ Nor qan any person foresee how long this condition may last , since the speech which , was to restore , confidence has failed

      to have the effect . To-day there was a rumour that the Emperor of Russia had expressed a very strong opinion against every attempt to coerce Austria into taking a course she is unwilling to take , but thojse who have watched the relations between Russia and Austria , frcfuse to believe that Russia Would interfere oh her side . Some solution , of the difficulty is hoped for by some from the Congress which must , it is said , be assembled to settle the affairs of the Principalities , butbefore that can meet there mi * st be much suffering from delay , even if events should not bring the . whole matter to

      issue . The obvious source of the continued uneasiness is , that persons , whatever experience inav indicate , do not and cannot trust the French Emperor . How long the enterprising and leading men of the world—the men who make railways and construct telegraphs—^ wlio cover the ocean with ships and the land with produce , will submit to have their hopes blighted and their property destroyed by those who do not command their respect cannot be known , but it excites wonder tliat they do not take more energetic means to put an end to their own sufferings and losses .

      The stock market has been dull and drooping through the week , and to-day Consols were about the same as yesterday , 95 £ f . They were flat at the opening on account of . an incorrect report that the price of the French , funds had become worse yesterday after the close of our nrarket . They afterwards recovered , but did not get above the yesterday ' s rates . A report prevails to-day that the Secretary for India will propose on Monday to the House of Commons to authorise him to contract with the guarantee of the Government an Anglo-Indian loan for 12 , 000 i 000 / . A loan for Peru , too , is forthcoming , and it is confidently anticipated that the Frcncn Emperor will also be obliged , to come iuto the market .

      The returns of the Bank of France to February 10 th show a small decrease of bullion , a larger increase of bills discounted , a reduction in the circulation , and a large increase of private deposits . It seems as if the moneyed class there were preparing for a strain on their resources . Amcwig the valuable projocts of the tiny , which , the prevailing rumours of war will no doubt for a time affect , should be mentioned iliat of a-riiilway between , the London-bridge and Waterloo stations . Many years ago this was schemed by an able

      gentleman named Heath field , who , wo remember , well . succeeded in . demonstrating its financial as well as engineering feasibility . Tho very dcsimble and practicable metropolitan railway , conceived , wo believo , in the first instance , by Mr . Charles Pearson , and , after long abeyance , again broughtforward by that talented and onorgctio man , will also , perhaps , raise its capital but slowly . J . 5 ul , for the sako of Ihoso who have already locked up tho Clmneory deposit for it , and of the classes it must benefit by opening oasy communication between tho city and the country , wo anxiously look to sec it well afloat .

      Lxvicitroor, And Holyhbad.—-At Tho Mooti...

      Lxvicitroor , and Holyhbad . — -At tho mooting of tho Mersey Docks and Harbour Board on Thurrsday , it was stated that tho proposal to establish a line of telegraphs botwoon Liverpool and Holyhoad had revived some ol > - soloto claims of tho Crown , rospooting which tho Boi > m » solicitor had boon dirootod to write to tho authorities . Tho dock engineer reported that ho had ongagoil « " Lionel Gisborno to assist him in oxooutiug tl » u worl « . It was also statod that tho engineer had boon directed to soloot tho best places noar tho docks for thnq bulw . TELEGRAPH JBETWBICN FltANCIV ANO Al . dl 5 lirA .--i ' Akkhar of Algiers says that a project for gatal > ll » hl » B ft direct submarine oablo botwoon Algiers and MursOllios Iincf boon proson ' tod to Prinoo Napoleon by an Algvn < V >> and that a Fronoh company Is bolng formed to carry out tho projoct .

  • Citation
    • Leader (1850-1860), Feb. 12, 1859, page 28, in the Nineteenth-Century Serials Edition (2008; 2018) ncse-os.kdl.kcl.ac.uk/periodicals/l/issues/cld_12021859/page/28/