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Leader (1850-1860), 18th December 1858, Edition 2 of 2, Page 25, CAMnBioaic and VHsmoitv.—A now railway h...

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      Geneeal Trade Report. London, Friday Eve...

      Drices . India cloths may be placed l $ d . per piece dearer the last quotations 50 s . to 80 s . ; mule , about J ., 1 per lb ., and 16 s . to 20 s . ; India water twist id ' per lb . higher . For the home-trade cloths cannot now be purchased on the easy terms of last

      Liverpool—The demand for cotton has not been very brisk , but a better feeling appears to prevail than was the case last week . The sales have somewhat increased , both for speculation and export . Holders have shown no disposition to press sales , and this has tended to make the market firm . Leeds . —No particular feature has presented itself this week ; but though business has not been remarkably brisk , it has been very fair , and rather more in quantity than the average at this period of the year . The same may be said of Bradford and the cloth districts in the West of England .

      Leicester . —The hosiery trade , which has been so unusually active in every department , has not been so brisk this week . But more is doing now than is usual at tins time of the year , and manufacturers , large and small , have no reason to complain . Business appears to be in a sound and satisfactory condition , not only as furas the towns are concerned but the country districts also . The operatives appear to be generally well employed , and this is very encouraging . We understand that for choice lots of farmers wool high prices are asked and readily given . _

      .. , Nottingham- —We wish we could make a more favourable report of the lace trade . Every department remains dull , and this slackness of business has been increased by the duty of stock taking . Two failures in the laee trade have occurred , and such is the dull look which matters wear that manufacturers are prudently producing as little stock as possible . There is , however , a hopeful feeling as to tne future , and tlie trade seem to be of opinion that in a very few weeks the inactivity prevailing in all departments will give way to general employment . The hosiery trade still continues very good . market has generally

      Glasgow . —The cotton been quiet , and transactions are on a limited scale . The downward tendency of prices has been arrested and the markets are firm . The iron trade is steady , the inquiry is for immediate delivery warrants , shipping lots not being in request . _ Birmingham . —Trade is not particularly good but it is fair for the season . The coal districts are not yet quite pacified . Coal has advanced in price retail . The men on strike are lessening in numbers , and matters appear to be resuming their ordinary aspect .

      No. 456/Befcember 18, 1858.] The Leabek ...

      No . 456 / BEfcEMBER 18 , 1858 . ] THE LEABEK 1393

      Railway Intelligence. A Special Meeting ...

      RAILWAY INTELLIGENCE . A special meeting of the London and North-Western Company is appointed to be held oii the 30 th inst ., for the purpose of considering an agreement under the Chester and Holyhead Railway Act , 1858 , for the guarantee by the London and North-Western Company of interest on the debt and of dividends on the shares of the Chester and Holyhead Company , and for the purpose of sanctioning the purchase of the Chester and Holyhead Railway , or the amalgamation of that company with the London and North-Westorn Company . The terms fixed between the companies have been olHcially announced , and are ' as follows : —The London nnd North-Western guarantee on the original stock of-the other company : In 1859 , nil ; in 1860 , nil \ in 1801 , 11 , 000 / ., or 1 per cout . ; in 1862 , 22 , 000 / ., or 2 percent . ; in 1863 and thereafter , 27 , 600 / ., or 2 i per cent . Tho London and North .-Western Company also undertake the charge of tho Chester and Holyhead Company ' s preferential ami

      capital debentures . The Calcutta and South-Eastern Railway Company , connecting Calcutta with tho new port of the Mutlah , having obtained the Government guarantee of 5 per cent ., tho directors have fixed Wednesday next as tho Ia 8 t day for rccoiving acrfp for registration , and for the payment of tho call of 1 / . Is . per share which has to bo paid into the Knst India Treasury for thwith . The Punjab Ruilway Company have notified that no call will be roquired till after Midsummer . Another extraordinary meeting of tho Calcutta and South Eastern Railway Company is called for tho 24 th inst . to confirm the resolutions adopted at tho meeting on tho 24 th ult . Tho directors have oxtonded tho period for tlio registration of scrip and payment of the call until tho 4 th of January .

      Camnbioaic And Vhsmoitv.—A Now Railway H...

      CAMnBioaic and VHsmoitv . —A now railway haa been determined on . The lino haa boon surveyed ; tho plans have Leon cmly deposited in good time ; and tho proper legal uotiooa have boon glvou for applying for tlio bill inthenoNt . uesttU > n . It will bo called tho " Cambridge nnd Bedford Uuilvvny . " It commences its connexion with tho London and North Weatorn lino at Bedford ; aroBBea tho ( Jlroat Northern ut Sandy ; nnd it runs into tho Eastern Couutios now Trumplngton . —Cambridge Independent . Nkw Russian Linb . —A St . Petersburg loiter says

      that an English company is endeavouring to obtain a license for a railway intended to connect Warsaw -with Odessa , by way of . Lembery . They will , in the first place , construct a road from "Warsaw to Lembery , and Kamintec Podolski , that line running through the Austrian dominions for about half of the distance . The remainder of the way , it is hoped , will be advantageously performed by means of steam-ebips on the river Dniester . The company have already commenced their investigations as to the navigability of the river . Pernambuco Railway . —This Company have received from the Brazilian Minister 12 , 369 / ., the amount required under the guarantee of 7 per cent , on the workng of the line from the 9 th February to the 31 st July last , calculated on the capital ( 375 , 000 / . ) of the first section . The circumstance corroborates the intimation

      that the Government has authorised the company to look to it for the entire amount of the guarantee of 7 per cent ., the Imperial Government undertaking the settlement of accounts with the provincial Government .

      Joint-Stock Companies. A General Court O...

      JOINT-STOCK COMPANIES . A general court of the proprietors of Bank Stock , being one of the quarterly general courts fixed by the charter , is called for the 16 th inst . At the meeting of proprietors of the Bank of Australasia , the directors' report stated that , although the Australian markets have not thoroughly recovered from the shock occasioned by the crisis , the business of the bank maintained the sound and healthy character referred to iu former reports . It is anticipated that the arrangement made with the Government of Victoria for the disposal of debentures for railway purposes to the extent of 7 , 000 , 000 / ., spread over a series of years , will become an additional source of profit to the establishment . No statement of profit and loss was presented , but the chairman remarked that the profits of the half-year would prove highly satisfactory . An extraordinary general meeting of the Atlantic Telegraph Company was held on " Wednesday , when a report from the directors was presented . The capital expended amounts to 379 , 029 / ., leaving a balance in hand of 7996 / . The directors express a " sanguine hope" of a successful result to their application to Government for a guarantee of 4 £ per cent , on the half million of further capital proposed to be raised , but they have not yet received the decision of the Government .

      The report also stated that defects existed at both ends of the cable , and that it would be necessary either to underrun or to raise it . The report was unanimously adopted . Mr . Whitehouse , the company ' s former electrician , announced that a second company had been formed , and that half of its capital bad been paid up . He said he was ready to stale the terms upon which the new company was prepared to amalgamate with the old . It was agreed that Mr . Whitehouse ' s proposition should be submitted to the directors .

      The Port Phillip Mining Company have received from their resident director the sum of 1500 ? ., -which -will complete the sum of 5000 / . necessary for the dividend . BANK OP ENGLAND . An Account , pursuant to the Act 7 th and 8 th Victoria cap . 32 , for . tho week ending on Wednesday , the 15 th day of Docembor , 1858 . ISSUE DEPARTMENT . £ i £ Notos issued 32 , 852 , 470 , Government debt .. 11 . , 100 I Other securities ... 3 , 450 , 000 : Gold coin and bullion 13 , 377 , 470 Silver bullion ——£ 32 , 852 , 4 . 70 ' £ 32 , 852 , 170 BANKING PEPAKTJIENT . £ - „ i . ** Proprietors' capital 1-4 , 653 , 000 Government socu-& ml ..... 3 , 100 , 4 * 4 ritios ( including Public deposits ( in- Dead Weight Anohidine Exoho- inuty ) ,.,, 10 , 808 , 501 auor Commission- Other ' Socurttiaa . 15 , 083 , 003 era of National Notes .-13 , 100 , 215 Debt , Savings' Gold and Silvor Hanks , and Divi- Coin 010 , 800 dond Accounts ) . 0 , 020 , 771 Dthor deposits 12 , 000 , 131 Soven J ) ny & other Bills « 703 , 802 £ 40 , 050 , 203 1 £ 40 , 850 , 203 M . MARSHALL , Ohlof Ooskior . Dntod tho lflth day of December , 1858 .

      Tins N»W Turkish Loan.—The Porto Has Pla...

      Tins N » w Turkish Loan . —The Porto has placed in tho hands of the commissioners for tho new Turkish Loan tho sum representing tho interest and sinking fund for tho past throo months , as agreed in tho contract . The destruction of the paper mouoy has commenced . Cannes to tho amount of 68 , 618 , 760 piastres have already boon burnt in tho presence of tho commissioners , Mr . Falconnot , Mr . Stnnson , and their Turkish colleagues , and a further amount , making a total of about one million of piastres , will shortly bo destroyed . The quantity already burnt roprosonts 567 , 131 / . sotting at rest tho question as to wb . oth . Qi' tho panor money is really to bo withdrawn . Tho otipulation has been voluntarily ontorod into on tho part of tho Government , that the Minister of Finance will account to the commissioners for tho whole of tho proceeds of the loan .

      Home, Colonial, & Foreign Produce Mahket...

      HOME , COLONIAL , & FOREIGN PRODUCE MAHKETS . REVIEW OF THE WEEK . Mincing Lane , Friday Evening ! The general features of trade , as connected with , these markets , have not varied materially since our last . Importers show undiminished confidence . ; and , notwithstanding the recent heavy arrivals , avoid pressing them largely on sale . Buyers , on . the other hand , are equally reserved in their operations , especially in such articles as from diminished stocks have an upward tendency ; and with matters thus equally balanced current values are necessarily subject to but very slight fluctuations . From the same cause , however , passing transactions are of only moderate extent , and trade in general , although very sound , is very slow . The advices from producing countries , to hand this week , are not calculated to disturb this state of things , as they merely confirm those previously received , and as another week will bring us to the closing of the markets , any important change is not to be expected .

      CoRsr . —Foreign advices excite very little interest , as the market is more immediately , if not exclusively , affected by local influences , the most powerful of which , is perhaps the weather . " With a humid atmosphere , the samples of English wheat at Mark-lane have ^ again been deteriorated in character , and chiefly from this cause have sold Is . lower in price . The few prime dry lots to be found could hardly be called cheaper . The general demand was , however , anything but brisk . Choice dry white was quoted as high as 49 s . to 50 s . ; prime new , 46 s . to 48 s . ; good runs , 44 s . to 45 s . ^ damp , 40 s . to 43 s . ; prime heavy red , 42 s . to 44 s . ; runs , 40 s . to 41 s . ; common , 37 s . to 38 s . Foreign wheat haa undergone very little change , the buying , as of late ,

      being merely for immediate wants . The top price of Dantzic white was 54 s . to 55 s . ; mixed , 50 s . to 52 s . ; other imports , 42 s . to 45 s . ; French red , 41 s . to 43 s . ; Archangel , 31 s . to 35 s . Flour is held for late rates , at which but small sales are practicable . The top price of town made stands at 403 . ; households , 33 s . ; country households , 32 s . to 33 s . ; seconds , 30 s . ; Norfolks , 27 a . Gd . to 28 s . ; French , 33 s . to 35 s . ; superior marks , 36 s . to 37 s . per sack . American good and superior brands , 22 s . to 25 s . ; sours , 2 Os . to 21 s . per brl . Barley of inferior quality has been pressed more freely on sale .

      and quotations are Is ; per qr . lower , whilst even the choice grades of both malting and grinding descriptions are less firmly held than of late . The few transactions in malt have been at about late rates , prime new "Ware 67 s , to 68 s . ; choice ship samples , 64 s . to 65 s . ; inferior , 56 s . to 60 s . Beans , of which there have been some further arrivals from abroad , have declined fully Is . per qr . A similar reduction in the value of peas has followed increase of supplies from Canada . With heavy arrivals oats have declined Is . per qr . ; Russian , 20 s . to 21 s . per qr . The market is pretty well cleared of floating cargoes , and prices are firmer . CORN ARRIVALS . English . Irish . Foreign . Wheat qrs . 6710 — 21 , 356 Barley „ 6971 — 18 , 831 Malt ... „ 18 , 842 — — Oats .... ,, 12 , 300 — 48 , 517 Beans „ 880 — 1787 Peas , 514 — - 4438 Flour sks . 19 , 110 — 1636 Ditto brls . — — 611 LONDON AYERAGES . Qrs . 8 . d . Wheat 2586 at 43 2 Barley 836 ,, 85 6 Oats 2861 „ 24 0 Beans 252 rt 34 10 Peas 106 „ 50 0 Seeds . —Arrivals this week are 9950 qrs ., comprising 7400 East India , and 2550 St . Petersburg . Prices continue steady . Bombay seed at 55 s . on the spot ; Calcutta , 51 s . to 58 s . delivered , and 51 s . 6 d o . f . and i ., inoludlng bags . The St . Petersburg seed is going to store for higher prices . Several floating cargoes Taganrog have hoon sold at 51 s , 6 d . to 52 s . for old , and 52 s . 6 d . for new crop , delivered U . K . Rape seed is in moderate demand for consumption and export . Calcutta , 54 a . ; fine Bombay , 63 a . to 68 s . 6 d . ; inferior to good , 45 s . to 57 s , per or . Potatoes . —With fair supplies , trado is vory slow , except for the best qualities . York rog-onts , 90 a . to 100 s , i Scotch regents , 60 b . to 85 a . j cups , 15 s . to 60 e . ; French , 58 s . to 55 s . ; Dutch , 50 s . to 55 s . por ton . Pjuovxsionb . —The dead moat markets are beginning to inilicate tho approach of Christmas , tho supply increasing and tho quality Improving . The beef trade la rntbor brisk and prices < iro hlfflwr , prime carcasos touching 4 s . 4 d . 5 good , < la . to 4 s . 2 d . f inlddling , 8 s . 8 d . to 3 s . lOd . j inferior , 2 * . 8 d . to 8 s . 4 d . Mutton , 4 s . 2 d . to 4 s . Od . for pri . no , 8 s . 8 d . to 8 b . 10 d . for l « WdHng $ and 8 s . 2 d . to 8 e . 4 d . for Inferior . Veal , 8 s . 8 d . to 4 » . 8 d ., nnd a slow sale . Pork , 8 s . dd . to 4 s . 8 d ., and in plontlful supply . Irish cured moats are unaltered In value American lard , Is . dearer .

  • Citation
    • Leader (1850-1860), Dec. 18, 1858, page 25, in the Nineteenth-Century Serials Edition (2008; 2018) ncse-os.kdl.kcl.ac.uk/periodicals/l/issues/cld_18121858/page/25/