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Leader (1850-1860), 18th September 1858, Edition 2 of 2, Page 29

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      Home, Colonial, And Foreign Produce Mark...

      ^___ mil ¦¦ I ¦ mum Mill ¦¦ ¦ iiiimiii ii " Tallow . —The announcement by telegraph of active shipments at St . Petersburg bringing the present total up to 50 . 000 casks , caused a decline of Is . per cwt . in this

      article at the commencement of the week , but large deliveries have since imparted a firmer tone to the market , and a good business is reported to . have been done-for consumption , although speculative purchasers have remained in abeyance . To-day the closing rates were for Y . C ., 49 s . 6 d . on the spot , 49 s . 3 d . all the month , and 45 s . 9 d . last three months . Official market letter : —Town tallow , 52 s . 9 d . rough fat , 92 s . 9 & ; melted stuff , 35 s . 6 d .

      3sto 443, September 18, 1858.} T H E X. ...

      3 STo 443 , September 18 , 1858 . } T H E X . E A p E B . 981

      Joseph Travells And Sons' Weekly Circula...

      JOSEPH TRAVEllS AND SONS' WEEKLY CIRCULAR , 19 , St . Swithin ' s-lane . TeA .- ^ The China mail came to hand on Wednesday last . The commercial news is regarded as favourable to the continued stability of our market . The total export to Great Britain for the season is 77 , 000 , 000 lbs ., ( somewhat less than our delivery last year ) , whilst business in the new season ' s growth was proceeding very slowly , the teamen holding for prices utterly incompatible with those now ruling here . This gives firmness to our merchants , and induces us to think we shall not see lower prices for the present . . Common Congou has been done at iO . Jd .. usual terms . Other kinds without change . Coffee . —This market continues very animated , and exporters are still strong buyers of all descriptions , at extreme rates . Plantation Ceylon lias been eagerly computed for at public sale , and a further advance of Is . is fully maintained : Native Ceylon is Is . dearer , and

      finds ready buyers . Mocha : there is more inquiry for this description ;—a large parcel imported rm Aden has been sold at good . prices . Java and Costa Rica are firm at our quotations . SuGAR . ^ Raw . —The market this week has been rather inactive , and only a moderate business has been done . Prices , however , remain unchanged , good and fine qualities continuing to command very full rates . In Refined we have no change to notice ; our quotations ' are the same throughout , except brown Dastards ,-which are 6 d . dearer . Fruit . — -Currants : The . first steamer with new fruit arrived on the 11 th instant , and the price opened as high as 55 s . ; at this rate we understand a good deal has been cleared off in small quantities . . Two steamers have since arrived bringing large cargoes , in which is some fine fruit of our own importation , which we are enabled to offer at more moderate rates . We can scarcely give a quotation of present market value , as samples were only , on show yesterday , and holders of really fine qualities were hardly prepared to accept the low rates at which de ^ Jers are selling their own importations . We very much fear , f tue various

      rom many samples we nave seen or me present crop , that there will be this year much inferiority , and a want of uniformity in quality , with a consequent wide range in priced In fact , we find , in what are considered fine cargoes , much middling fruit , and it will not surprise us to see the finest fruit fetch full prices throughout the season . SncES . —The improved demand , noticed in our last , still continues , and for most articles rather higher prices have been paid . With existing low rates , and the near approach of the season when consumption becomes largor , wo think full stocks may be held with advantage . Gingers , of all descriptions , find ready sale . Jamaica realised yesterday , at public auction , quite 5 s . in advance of previous rates . Nutmegs have been disposed of at higher prices . Black pepper , pf common quality , has been in large demand for shipment , and is rather dearer . Petre firm . Rice . —This article keeps very stoady . Americandressed Carolina is rather dearer . Meal is in good demand , but soarco .

      Extension Of Tub Port Of Bristol,—A Crow...

      Extension of tub Port of Bristol , —A crowded meeting was held at the . QuildhaU , Bristol , on yVednqsdivy , this Mayor in the chair , to '" consider tho possibility of providing accommodation for tho largost class of ocean steamers . Mr . P , \ V . Mills moved a resolution , tuat the accommodation should bo provided ; Mr . Fin « ol seconded the resolution . Mr . Baker , chairman of the Uroat Eastern Company , addressed tho meeting , and statod his belief that in a few weeks a company would oo formed to take tho Loviathan and complete lior . Wo also expressed his opinion that With propor nooom-SSeninn ^ M' 0 1 W 0 , ? b 0 admirably adapted for her annffn ? \ f res ol"t' ° n was carried , and a committee toSrrv U U VT ° Y ltU th 0 Oh «» bor of Commerce SonKhS SSttS ?"" A 8 ttb 8 < 3 d ^ ° » «*» was set on ^ mSSSSS movement promises to be united ) and thowoulof in SfJSSM frS "" if ft " « PP «^ on to tho Go-S « e . ' Cannot b ° *<>»***>*—SMwtoff

      I Money Market And Stock Exchange. City,...

      I MONEY MARKET AND STOCK EXCHANGE . CITY , Friday Evenin'g . The moneyed interest has presented no remarkable feature this week . The applications 'for . accommodation were restricted , and have , been readily met at the low rates which have ruled for some time past . The Bank has not increased its discount business , and notwithstanding the unintermittiiifir flow of bullion towards this country , and

      the gradual and continuous accession to the mass of gold in it ' s cellars — circumstances which apparentl y call for some operation which shall have the effect of drawing off this surplus into commercial channels—the directors steadily adhere to their minimum rate of discount . Indeed , as far as bill discounting is concerned , the Lombard-street houses are independent of the Bank . They find as much money placed at their command as they can freely employ in this direction , and , further , they find that the quantity of good commercial paper is very limited . This is not to be attributed so-. much to the difficulty in getting discounts as to the fact that merchants and traders themselves are vastly more careful in their transactions . The lesson of 1 S 57 has . not been wholly without its fruits . A commercial crisis such as we have just passed through will , be unlikely to occur for manv vears to come . The wholesale manu- '

      facture of accommodation bills will never again take the semblance of legitimate business . We snail always liavo . accommodation bills to a certain extent , but then joint-stock banks and IJoinbardstreet discount-houses will not again so readily accept such paper , for they feel tolerably well assured that in case of emergency' they must keep this paper in their own hands , as the Bank of England would remain steady to its purpose of not ¦ rediscounting or affording advances on . such securities . An important question is now under consideration in the banking circles ,- —that of limited or unlimited liability . With the recent Livepool decision regardin g the responsibility of directors , we should say that it would be impossible to establish a jointstock banking company except on the principle of limited liability . The half-yearly Court of the Proprietors of the Bank of England took place on Thursday , Mr . Sheffield Neave , the governor , presiding . The profits for the six months A «^ # 3 « r ^«** A a . m ...-. # ? O 1 ¦ . ama niA »>\ J 4- m . 1«— . £ * £ ) O TfTAT 1

      _ _ _ " »«'" g iiugusi , ox ivcic aitiieu lu ue U £ O , / V v / c , IIlUKlDg the amount of the rest on that day 3 , 676 , 868 / . A dividend at the rate of 4 £ per cent , for the half-year was declared , leaving the rest 3 , 021 , 983 / . Satisfaction was expressed that , notwithstanding the low rate of interest Iatel 3 prevalent , a distribution at this rate could be made . The London General Omnibus Company , it is reported , will declare no dividend at their next meeting . At a meeting of Central American bondholders , it was resolved to authorise the agents of the Government of Guatemala to deduct 2 £ per cent , on all future dividends as a remuneration for the services of the British Consul there in adjusting the foreign debt of the republic . A similar arrangement was also adopted with regard to the States of Nicaragua , San Salvador , and Honduras , to come into operation whenever a satisfactory settlement of the debts of those States shall have been obtained . Messrs . Portelli , Scbcmbri and Co . ' s creditors met ou Thursday , liabilities 42 , 000 / ., assets 9300 / . The accounts wore in a bad and imperfect condition , and a cood

      deal of suspicion and dissatisfaction was expressed at some of tlio financial transactions of one of the partners . . An . . a . dj . our , nmeut . was . agreed to . ' ,,.,. . . Acceptances of Messrs . Ascoli , Hartwig , and Co ., of Manchester , wore not met on Friday . The firm wore connected with Portolli , Scliembri , and Co . Tho Europoun and American Steam Shipping Company have issued a circular to their shareholders , notifying thnt they have niado an arrangement with Messrs . Croakoy ami Co . for the settlement of all mutters in dispute botweon that firm and tho board . Messrs . Oroakey and Co . arc to pay into tho hands of the directors 80 , 000 / . forthwith on tho attachments being removed , and ai-o to find tho money for sending the Lady Jocolyn ami Caluutlu to soa . A company of French capitalists are purchasing all jMjuy * uuualMljiuia ^ have already bought some of tlio more obscure prints , and it ia rumourod that their views extend to the purehaso of some papers in London , -which have beon long known to bo in tho markot . A now company , to bo culled " Tho Croat Steamship Company , " limited , with a capital of 83 , 000 / . in sharos of 1 / ., In about to bo formed to purchase and comploto tho Croat Eastern . Consols are now quoted exactly 97 ff . For money tho proaonl quotation is 07 i to ff .

      Pliom The London Gazette. Tuesday, Septe...

      PliOM THE LONDON GAZETTE . Tuesday , September 14 . BANKRUPTS . Candipo DEti Negro and Joseph Krauss , Cannonstreet West , bead , merchants . . .- ¦' •' ¦ Robert . Stimpson Flatten , Burnhani Market , Norfolk , tailor . . Samuel Hill , Mecklenburg-square , surgeon . George Joseph Ashton and John Procter , Marklane , merchants . John Argent v Fleet-street , licensed victualler . Thomas Moore Smith and Charles Lixford , Peterborough , engineers . Samuel Nicholson , Southwark-bridge-road , hat manufacturer . William Salmon , Rattlesden , Suffolk , coal merchant . Thomas Leaman Hunt Leaman , Paington , Devon , attorney . ¦ John Chdld and John : Pickles , Wakefield , contractors . ¦ ' .. ' ¦ W & lxs Hood , York , wine and spirit merchant . Ann Cooper , Haslingden , domett manufacturer . SCOTCH SEQUESTRATIONS . Charles M'Do ^ ald and Thomas Russell , Glasgow , builders . David Baxter Brown , Dundee , auctioneer . Friday , September 17 . BANKRUPTCY ANNULLED . Pizzey "Vincent , Great St . Helen's , City , printer . Joshua Shuskfokd , Lambeth , builder . BANKRUPTS . Charles John Howes , Uxbridere Middlesex , hotel-: ¦

      keeper . . John Palmer , Worcester , hop merchant . . Absalom White , Southampton , grocer . Thomas Bulpit and Joseph Peakman , Birmingham , metal refiners . ¦•' ¦¦ Joseph Moses , White-street , Cutler-street , Hounds-. ditch , metal dealer . . John M'MiLiiAN , Liverpool , licensed victualler . Abraham Wardleworth , Prestwich , . Lancashire , dyer . SCOTCH BANKRUPTS . Alexander Pirie , Aberdeen , baker . Charles Gordon , Glasgow , factor . Benjamin Onef , Dumfries , draper . ¦ — James Virtue and Son , Glasgow , commission agents . Robert Service , Helensburgh , joiner . Isabella Latta , Dumbarton , partner of the Western Bank of Scotland . Thomas Kearslev , Port-Glasgow , metal and wood dealer . Allan Granger , Airdrie , Lanarkshire , bookseller . — — : ^ , John Gillanders , Elgin , innkeeper .

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

      BANK OF ENGLAND . An Account , pursuant to the Act 7 fch and 8 th Victoria , ^ Se & mbe ^ l ^ ""^ ° Wednesda ^ ««* * T ISSUE DEPARTMENT . Notes issued S 2 , 433 , 960 Government debt .. 11 , 015 . 100 Other securities ... 3 , 459 , 900 Gold coin and bullion 17 . 958 . 9 C 0 Silver bullion - ^ , 32 , 433 . £ 32 , 433 , 960 BANKING DEPARTMENT . £ . J ? - ; ,, V Proprietors ' capital 14 , 553 , 000 Government scons ' ? , "J :: ••/¦ " 3 . , 116 rities ( including Public deposits ( m- Dead Weight Aneluding Exche-, nuity ) 10 , 970 . 514 quor . Commission- Other Securities . 15 , 311 274 era of National Notes 12 , 279 , 970 Debt , Savings' Gold and Silver Banks , and Divi- Coin 689 . 955 dondAccounts ) .. 8 , 041 , 078 «« w . w « Other deposits .. . 12 , 201 , 050 Seven Day & other 13111 s 759 , 560 £ 80 , 251 , 713 £ 39 , 251 . 718 + » ¦ i i * i , „ ., V M < MARSHALL , Chief Cashier . Dated tho 10 th day of September , 1858 .

      Destruction Op Crops In Russia.—Advices ...

      Destruction op Crops in Russia . —Advices from Nicolaieff , of the 19 th of August , announce the destruction by locusts and hot winds of the grain crops in the Russian territory within the Black Sea . Over Kherson a cloud of loousta recently passed , jfuW 25 miles in length , but without alighting thereat . Much distress prevails , and prices arc almost at famine rates . A great deal of wheat , injured by rain at harvest time , had been shipped from Taganrog for Malta and other Mediterranean ports . Austrian Railroads . — The Lorabardo - Venetian jG fti"PftMy ^ aa ^ ac , quicc 4 ^ Possoa 8 ion . of ^ 60 veral ~ Auatria » ,,,, ,. railroads . Tho company has got the property at such an exceedingly low price that it oannot . but realise enormous profits . SUNDKULAND AND DUUHAAI DISTRICT BANK . —Wo ( Noiooastle Daily C / ironiole ) are authorised to stato thnt the 11 rat instalment of 150 , 000 / . has boon paid to the liquidators by the Now Dorwent Iron Company for tho purchase of tho Dorwent Iron Works , and that satisfactory soourity , has beon g-ivon for tho payuiout of the remaining instalments .

  • Citation
    • Leader (1850-1860), Sept. 18, 1858, page 29, in the Nineteenth-Century Serials Edition (2008; 2018) ncse-os.kdl.kcl.ac.uk/periodicals/l/issues/cld_18091858/page/29/