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Leader (1850-1860), 21st May 1859, Edition 2 of 2, Page 21, iNfELuaENCE] - THE LEADER. ' 653

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      Infeluaence] - The Leader. ' 653

      iNfELuaENCE ] - THE LEADER . ' 653

      General Trade Report.

      GENERAL TRADE REPORT .

      Friday Evening. Tbade Continues Everywhe...

      Friday Evening . Tbade continues everywhere to some extent paralysed by the war . Yet some business has been done in sugar in the week for Mediterranean ports . Otherwise all the colonial produce markets are extremely dull . The corn market , on the contrary , is rather animated . People begin to speculate on increased wants and diminished supplies ; and on Monday , as we stated last week would be the case , the corn market advanced 3 s . It ; is firm to-day . An export of oats , for the use , as is supposed , of the French army , continues , and was both increasing the consumption and stopping production . Corn is likely to be dearer . With our immense trade to all parts of the world , much of it being indirectly , as well as directly , concerned in supplying the belligerents , it is impossible but we must suffer very severel y from any extensive war ; and it . is our interest and our duty , therefore , to check the present war to the utmost of our power ; and , if" we can , it is our duty to put a stop to it . Failing in this , we must exert ourselves to observe and enforce on our Government the observance of a strict neutrality .

      Home, Colonial, And Foreign Prodttce Mar...

      HOME , COLONIAL , AND FOREIGN PRODTTCE MARKETS .

      Cotton.-—At Liverool There Has Been Rath...

      Cotton .- —At Liverool there has been rather more doing to-day , the sales amounting to 8 , 009 bales , including 1 , 000 on speculation and for export , but at somewhat irregular prices , the market being well supplied . _ Tea . —Our market is scantily supplied with samples . Although the demand is by no means active , prices are well supported . Common sound Congou is selling at Is . 2 d . per lb . Sugar , —For good and fine raw sugars there has been a . fair demand at full quotations . All other kinds have met a dull inquiry at barely late rates .

      Friday Evening . The arrivals this week of foreign wheat have been moderate , but small of all other grain . This morning ' s market was badly attended , and the few runs of English wheat fresh up remained unsold , although offered at Monday ' s prices . There did not appear to be buyers of foreign ; and to have forced sales for which no disposition was evinced , a decline of at least Is . to 2 s . per qr . would have "been necessary . BarleyTis in fair demand at Monday ' s quotations . Beans and peas are unaltered in value . — The oat trade is vei-y-firm , and in some instances an advance of 6 d . per qr , obtained . In flour there is very little doing .

      Other oils ' are a slow sale . Spirits of turpentine move off slowly , at 43 s to 443 per cwt . Tallow T . Y . C . is steady at 55 s to 55 s 3 d per cwt . on the spot , and 56 s 6 d to 56 s 9 d for the last three months'deli very .

      West India has changed hands at 36 s . to 44 s . ; Bengal , 37 s . to 44 s . 6 d . ; Mauritius , 34 s . to 45 s . ; and white Fernambuco , 43 s . to 44 s . per cwt . Refined goods are heavy , and common brown lupips may be purchased at 51 s . 6 d . to 52 s . per cwt ., being rather cheaper . In pieces very little is passing , Molasses . —Our market is heavy , and late rates are barely supported . Coffee . '—Good colony plantation kinds have found buyers at . previous quotations ; but other qualities have ruled somewhat cheaper . Other coffees are very slow in sale . Cocoa . —Fine parcels are in moderate request , at full prices : but all other descriptions are extremely inactive . .

      Rice . —Although our market has become much less active , the lato advance in prices is firmly supported . Mid white Bengal hns changed hands at 108 . to 103 . 9 d . per cwt . FitujT .- ' -Thero is more business doing both in currants and rasins .. In prices , however , no change has taken place . Cotton ;—Our market is very dull , and prices are barely supported . Hemp and Fmx . —Hemp is very dull , at 30 * . to 311 . for Petersburg clean . Flax rules heavy , but nob cheaper . Saltpetre . —There ja a fair inquiry for this article , both on the spot and for forward delivery , 44 a . 6 d . to 40 s . haying been paid for 134 to 17 J per ewt . refraction .

      Indiqo . —This article is very dull , at the decline established at the public aalea . Metals . —Scotch pig iron has sold at . 48 s . 3 d . cash . The total shipments last week were 11 , 287 tons , against 11 , 385 tons in the corresponding week in 1858 . Spelter , on . the spot , is . quoted at 101 . 15 a . per ton . East India tin is steady at 129 / . for Straits a , nd 1312 . for Banoa . Oils . — -Unseed oil is in moderate request , at £ 29 per'ton on the spot . Rape la dull at £ 39 to £ 43 .

      Railway Intelligence.

      RAILWAY INTELLIGENCE .

      The Adjourned Extraordinary Meeting Of T...

      The adjourned extraordinary meeting of the Great Northern . Railway Company , fixed for the 31 st inst ., is , further adjourned to the 12 th of July , the bills intended to have been submitted not being ready for consideration , in consequence of the dissolution of Parliament . A special meeting of the Wimbledon and Dorking Railway Company is called for the 30 th inst ., to approve a contract with the South-Western Railway Company for the maintenance and working " of the Wimbledon and Epsom line . At the half-yearly meeting of the Waterford and Kilkenny Railway Company , it was stated that the receipts amounted to 9 , 0017 . 8 s . 2 d ., and the expenditure to 5 , 3502 . 5 Si Id ., leaving a surplus of 3 , 6512 . 3 s . Id . After providing for interest on loans , a balance of 547 Z . 5 s . 4 d . would remain to the credit of the revenue . A special general meeting of the West-End of London and Crystal Palace Railway Company was held on Tuesday , for the purpose of consider ing and sanctioning the sale or lease of the main line and Norwood branch to the London , Brighton , and South Coast Railway Company . A formal resolution , approving and confirming the agreement was carried ; and a vote of thanks was given to Sir Samuel Petp for relinquising his claim on 6 , 000 shares of 6 per cent , stock . The directors of the Stockport , Disley , and Whaley Bridge Railway Company invite tenders for the construction of the railway from Whaley Bridge to Buxton , a distance of 8 £ miles .

      East Suffolk Railway,—This Line Remains ...

      East Suffolk Railway , —This line remains unopened , but the necessary certificate has been received from the Board of Trade , and no impediment exists on that score to its being made available for traffic . The delay rests with the Eastern Union section , between Ipswich and Woodbridge , the Government certificate not having been yet obtained ' .. ¦ ¦¦ - —

      Joint-Stock -Companies.

      JOINT-STOCK -COMPANIES .

      A Stormy Meeting Of Shareholders In The ...

      A stormy meeting of s t Western Bank of London took place on Thursday , at the Thatched House Tavern , St . James ' -street , Mr . J . A . Roebuck , M . PM \ n the chair , when resolutions were passed for winding up the Company , and transferring its business to the London and County Bank . Three liquidators were accordingly apnpinted . During the last two months the affairs of this establishment have been in a critical state . The auditors imputed irregularities to the manager , Mr . Clack , and induced the board to suspend him for a period of some weeks . They also disapproved of the mortgage of the Government securities held by the Bank . [ t is only fair to mention that the . tenour of the

      proas may continue to subsist , " to the European Life Assurance Society . A general meeting of the Trust and Loan Company of Upper Canada is called for the 31 st inst ., when a dividend is to be declared .

      hareholders in he During the past fortnight the London District Telegraph Company ' s workmen have been actively employed in erecting the poles imd wires on the house-tops along the Kennington-road . The whole of the works on the Surrey side , it is expected , will be completed in two months time . At the half-yearly meeting of proprietors of the Provincial Bank of Ireland , the dividend announced was at the usual rate of 4 per cent , for the halfyear , and it is proposed to pay in July next an extraordinary dividend of 30 s , per 100 Z . share , and 12 s . per 101 . share . The report was adopted .

      coedirigs at the meeting to-day was to exonerate Mr . Clack from the charges . made / against him . There is , however , sufficient evidence of banking losses , if not d ' f mismanagement . The accounts , prepared by Mr . Maynard , the accountant to the joard , show a . n absolute deficiency of 8 , 046 * ., but a largo additional loss is certain to accrue on the realisation of various securities . According to Mr . Maynard ' s estimate the ultimate loss will amount in aU to about 40 , 000 * . The London nnd County Bank take the premises , furniture , & o ,, for 22 , 350 / . At an extraordinary general meeting of shareholders in the London Joint-Stock Bank , Mr . J . G . Maclean was elected a director , in the place of Mr .

      G . H . Foster , deceased . Tho adjournod meeting of shareholders in the AUianco Bank is to be held on tho 23 rd inst ., at Paris , when tho report of tho liquidators will be submitted . ^ „ . , An extraordinary mooting of tho Groat Britain Mutual Life Assurance Society is called for tho 31 st inst ., to authorise tho dissolution of tho society , and tho transfer of tho buflinqss , " with such liabilities

      ' Trieste.—This City, Which At The Close...

      ' Trieste . —This city , which at the close of the last war had a population of about 10 , 000 inhabitants , now-contains nearl y 150 , 000 . It owes its extraordinary rise and commercial prosperity to its being created a free port in the fullest sense of the term . The city is greatly indebted for many of its privileges to the Baron von Bruck , the originator of the Austrian Lloyd ' s , and now Minister for Commercial Affairs at Vienna . . Port of London . —The general business of the

      port during the week has been more active . The ships announced inwards at the Custom House as having arrived from foreign ports were 286 ; there were 9 from Ireland , and 198 colliers . The entries outwards amounted to 124 , and those cleared to 105 , besides 31 in ballast . The departures for the Australian colonies only amounted to four vessels , viz ., 1 to Adelaide of 421 tons ; 1 to Si'dney of 852 tons ; and 2 to Port Philip of 1 , 301 tons -, tiie total being 2 , 574 tons . .

      Red Sea Telegraph . —The cable has been laid from Aden to Cossier , which is within about 300 miles of Suez . The completion of that branch of the undertaking may , therefore , be expected almost immediately . Channel Islands TELEORAPH .- ^ -The telegraphic communication with the Channel Islands had been suspended for some days past , in consequence of the submarine cable having parted a few miles from the Portland coast , but was again restored by the company's engineer on Wednesday .

      Swedish Submarine Telegraph , —Messrs . Glass , Elliot , and Co ., have received intelligence that the submarine telegraph cable , upon which they are engaged , on behalf of the Swedish Government , has been successfully laid down from Westerwiek , in Sweden , to Wisby , in Gottland , under the directions of their chief engineer . Testimonial to Mr . R . M . liuNT , F . R . S . —A meeting was held on Wednesday at the London Tavern , Mr . Hyde Clarke in the chair , when

      measures were taken , for promoting a testimonial from the mining and smelting interests to Mr . Robert Hunt , F . R . S ., Keeper of Mining Records , for the organisation of a system of mineral statistics , a numerous committee was formed * and Mr . Darlington ( Phillips and Darlington ) appointed Hon . Secretary . A testimonial has been lately subscribed by the same interest , in recognition of the services of Mr . J . Y . Watson , F . G . S ., in the publication of various works on mining statistics . It consists of a large silver inkstand and a salver of the value of 150

      guineas . Contraband ok War . —The Queen ' s Proclamation respecting neutrality is not entirely understood by the shipping interest , and questions have been addressed to the Government which demand u clear and immediate reply . The difficulty seems to be properly to define the law as it stands respecting our commercial relations with foreign ports in times of war , and it may be found necessary to modify or improve existing arrangements . First of all , shipowners want to know what reaUy constitutes illegal contracts ; and , secondly , whether such articles as coal and provisions are to be considered as contraband of war .

      The Napoleons In Italy.—As For The Austr...

      The Napoleons in Italy . —As for the Austrians and the French in Italy ( says the Telegraph ') it » ppears that there have been equal hesitations on both sides . Louis Napoleon has done nothing yet but reconnoitre . The rains have proved riot loss formidable to him than to General Gyului . Tho French , to speak plainly , want to bo attacked , that they may give battle at an advantage to themselves ; tho Austrians , on the other hand , are determined not to play their enemy ' s game . If , however , as Louis Napoleon says , with a sublimo contempt for history , the bayonet is characteristically a French weapon , why not endeavour with it to force , tho enemy a lines ? Wo should then learn how much of the Bonapartist genius has boon transmitted with tno camp bedstead , jackboots ; and silver soap-box . But , como what will , Franco may sleep in confidence . Should the Emperor fail , Plon Plon of tho white plume , is in the fleld . Ho has a true Nano eonxc countenance , undisflgurod by a sIngle Dutch lineament s ho is commander of a division -, ho goes whore glory waits him , his royal bndo at Paris expeotsJaim homo this time wltfi coloured foathora in his cap - , and undoubtedly he will do—what ho will do . Mrs LahouQhero , mother of tho Right Hon . Henry Lubouchero , M . P ., died on Sunday last , in her'eighty ii » l ntrh year-

  • Citation
    • Leader (1850-1860), May 21, 1859, page 21, in the Nineteenth-Century Serials Edition (2008; 2018) ncse-os.kdl.kcl.ac.uk/periodicals/l/issues/cld_21051859/page/21/