Current:

Leader (1850-1860), 23rd October 1858, Edition 2 of 2, Page 27, No. 4A8, Ootobeb 23.18581 T H E IL E A P...

Page 27
Page 27
27 of 32

On this page

  • Text (3)
  • 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.

      Home, Colonial, & Foreign Produce Market...

      market the real trade was rather better , and choice calves made 2 d- to 4 d . per stone advance . MONDAT . Beast . Sheep . Ca J f" P jg \ 3 s Sd . t ' o * L 8 d . 3 S . 8 d . ffil ° 0 d . 3 s . 8 d . to 4 a . 6 d . 3 s . 8 d . to 4 s . 2 d . ¦

      Thursday . . . 3 s . 8 d . tp £ . 8 d . 3 s . 8 d . to 4 s ? 10 d . 3 s . 4 d . tq 4 s . 8 d . 3 s . 4 d . to 4 s . 2 d . Provisions . — The dead meat markets hav ? been heavy throughout the greater part-of the . week and prices have receded for nearly every description of meat . During the last day or two the weather has , however , imparted rather a better tone to trade , and prices have partially recovered . Beef ranges from 2 s . 4 d . to 4 s . ; mutton 2 s . 8 d . to 4 s 2 d . ; veal , 3 s . 4 d . to 4 s . ; and pork , 3 s . 4 d . to 4 s . 4 d by the carcase . Forcing butters declined to 114 s . to 116 s . for fine Freisland . Cured meats were unaltered in value . recent arrivals have

      Saltpetre . — The effects of the at length been felt , prices having given way 2 s . to 2 s . € d per cwt . Pine 5 ± to 4 £ per cent , sold in public sale at 45 s . to 45 s . 6 d . ; 7 § per cent , at 43 s . 3 d . ; and 8 , at 43 s . per cwt . Free deliveries continued well up to the late average , and the stock on Monday was reduced bv about 270 tons . Some few sales for arrival were effected early in the week at recent quotations , and latterly 44 s . floating conditions have been obtained for parcels just in , and 42 s . for distant sailing . Spirits . —British corn spirits have been reduced 2 d . per gallon , making the present quotation 9 s . 8 d . per gallon . Proof rum has met a steady sale at previous

      Cotton . — The markets have been very quiet , both here and at Liverpool . In the former , the samples on show have represented a small supply , and prices have remained firm ; but in . the latter there has been more disposition to sell than to buy , and consumers have had the turn of prices in their favour . The accounts from India and America are read as favourable to holders , but have little apparent effect upon our markets . The sales at Liverpool are 34 , 210 bales . Upland 1-lGtli lower . In London , 1000 bales sold at late rates . Jcte . —The increased shipments advised from Calcutta have depressed quotations 20 s . to 30 s . per ton , although the sales have offered only a small quantity . Low medium to good , IGl . to 19 / . 10 s . ; and a lot line , 201 . 10 s . per ton . Hemp . — Russian is steadily quoted 301 . to 301 . 10 s . for sound clean . Manilla is firm ; 1078 bis . sold at 26 Z . to 261 . 10 a . for common ; 287 . to 28 / . 12 s . Gd . for fair roping ; and 35 / . to 37 / . 5 s . for white . Indigo . The quarterly sales of East India are still in progress , and driring the earlier part of the week were pretty well supported . During the last two days , however , the demand has slackened , and importers being disposed to realise , prices have further given way , and Bengals generally , but especially on the finer qualities . Kurpahs , from their scarcity , are still fully sustained . The reduction on fine Bengal is now Gd . to 8 d . as compared with July rates ; middling consumers , 2 d . to 3 d ., and ordinary consumers , last sales' rates to 2 d . decline . The daily transactions have been as follows : — Passed . Withdrn . Bought in . Sold . 5 th day ... 2254 90 G 784 504 CtU „ ... 1026 87 160 779 7 th ... 1306 410 250 G 4 G 8 th , ... iOOO 162 155 092 9 th „ ... 2406 1587 187 032 Last week ... 5877 1331 1235 2811 Grand total ... 13 , 378 4483 2771 G 124 Cochineal is Id . por pound cheaper , but 260 bgs . in sale wore mostly placed . Honduras silvers 8 s . 5 d . to 4 s . 0 d . ; Toneriffe silver 3 s . 9 d . to 3 a . lOd . ; Honduras black 4 s . Id . to 4 s . lid . ; Tonoriffe 3 a . lOd . to Is . 3 d . Saffloweu . —97 bis . sold steadily at 6 / - 15 s . to 91 . 0 s . for middling to good , mostly G . L . mark . Other Dyes . —105 tons Loina wood of ordinary quality bought ia at 14 / . 5 33 tons St . Vincent logwood sold at 3 / . 10 s . 1 and a small lot Jamaica 3 / . 13 s . per ton . Metals .-r-Tho value of foreigu tin has furthor advanced to 119 ? .. 10 a . for Bnnca , and 117 / . for Straits . English is now difficult to buy at tho smelter's , quotations . Scotch pig iron has boon steadily hold at 54 s . Gd ., but the business passing has boon limited . Copper is firm at previous rates . Sales of gome cxtout have been effected in spelter at 23 / . per ton . Load remains as last quoted . Manufactured articles arc not altorod in value , but tin plates aro difficult to buy at late rates . To-day English tin was Advanced 8 / . on common block , and 5 / . per ton on bars . Banca quoted 120 / . to 121 * . por ton . Oils . ' —Linseed has further declined 30 s . por tun , 29 / . 15 s . having boon accepted on tho spot and for monthly deliveries up to March . Rape is a slow sale , with Boilers of foreign brown at 42 / . 10 a . ; English at 41 / . ; rofinod foreign 40 / . 10 s . to 47 / ., and English 44 , / , 10 s . ta 45 / , Olive , oils aro easier in price . Mogadore , 41 / . ; Gallipoli , 45 / . 10 s . Cocoa-nut remains firm , at 88 / . to 88 / . 10 s . for Ceylon , and 80 / . 10 s . to 411 . for Cochin . Palm oil commands 40 / . 10 s . for fine Lagds . Flsti oils aro very dull . Sperm oflora at 80 k , without

      Tallow . —The price began to droop a trifle on Wednesday , owing probably to the arrivals , about 4000 cks . in the week ; but the quantity offered on the spot has been very moderate , scarcely equal to the demand . The home produce is still small , and the melters have had some difficulty in satisfying their orders . The quality of this year ' s Y . C . is very weak and tender , and cpmplaints are continually made by the trade . We tliink there is good reason for believing that the import from Australia will be very small . We have not heard of a telegram from St . Petersburg with the latest shipment , , d be the mark the

      finding buyers ; pale southern , 35 / . ; pale seal , 37 / . ; and cod , 32 ? . per tun ., Whale-fins . —The advices from the Davis' Straits Fishery are unfavourable . Many vessels are reported clean , and others but indifferently fished . Bone is rather dearer in consequence ; Davis' Straits , 550 / . ; Polar , 530 / . ; North-West ; 450 / . ; and Southern , 410 / . Turpentine . —There have been no arrivals of crude this week , and the sales are , 600 brls . at . 10 s . , 6 d . per cwt . American spirits have advanced to 42 s . Hops . —The market is steady , but the demand chiefly confined to the finer qualities . Mid and East Kent , 65 s . to 80 s . and 120 s . ; Weald , 50 s . to 56 s . and 78 s . ; Farnham 70 s . to 100 s . Country ditto , 65 s . to 85 s .

      possibly 89 , 000 cks . woul near ; as close of the season is so rapidly approaching , the daily accounts will be very interesting . To-day , the market closes flat , 49 s . 9 d . spot ; 49 s . 3 d . all the year ; 50 s . to 49 s . 9 d . January to March ; 50 s . 3 d . to 5 Os . Gd . March . At public sales , to-day , the tallow Was mostly taken in . St . Petersburg letters to 4 th ( lGth ) instant , state 1600 cks . done at 160 , 16 O £ ; 1000 cks . for next August at 163 , 164 . Shipments , 38 , 254 cks ., 1855 ; 98 , 425 cks ., 185 G ; 80 , 677 cks ., 1857 ; and 00 , 928 cks ., 1858 . Town tallow , 53 s . Gd . ; rough fat , 2 s . 9 £ d . ; . melte d stuff , 37 s .

      No. 4a8, Ootobeb 23.18581 T H E Il E A P...

      No . 4 A 8 , Ootobeb 23 . 18581 T H E IL E A P E R . 1139

      Railway Intelligence. Tiie Railway Marke...

      RAILWAY INTELLIGENCE . Tiie Railway Market has not been astonished with any sudden accession of business . The small markets , that is markets which deal in contemplated projects and shares with only small amounts paid , arc doing the most business ,, but starvation is the cry of all . We do not think any very great improvement will take place this year , but next , we do expect a general move upwards all round . The Report of the Directors of the London and South-Western Company states that they have to submit on the 27 th inst . two subjects of . great importance to the shareholders—namely , the expediency of leasing the Staines and Wokingham and the Portsmouth Railways . Should , the proprietors

      desire the agreement provisionally made to be carried out , the directors believe that they will be able to bring it and the arrangements incident to it to a satisfactory conclusion . Eor this purpose they ask the proprietors to confer on them the necessary discretionary powers . In conclusion , the directors state that , should the lease of the Portsmouth Railway be taken by the company , tho proprietors may rest assured that the directors will continue in the earnest desire to remain on friendly terms with the Brighton Company . Tho ordinary meeting of the Bahia and San Francisco Company was held this week . Tho progress mado with the undertaking appears quite satisfactory .

      It appears that tho promoters of the proposed Ruabou and Denbigh line intend to apply to Parliament in the ensuing session for an act to authorise it construction . Exortions aro being made to promote tho construction of ten miles of railway , in order to fil I up the gap now existing between the Llanclly Railway and tho Llanidlocs 1 nnd Ncwtown Railway now in course of construction .

      A movement is being mado' for extending tho lino of the Colnc Valley and Ilalstcad Railway to Audlcy End through Ilavorhill and Sallron Wiilden . It is proposod to construct a lino of railway on tho broad gauge from Ledbury through Miirclo , Dymock , and Nowcnt to tho Iiopobrook station of tho Hereford , Ross , and Gloucester Railwixy , whence diroct communication can' bo had with London , South Wales , or the north .

      On Wednesday morning tho Stockton and Darlington company ' s tunnel branch lino of railway from tho end of tho Shildon tuuucl to St . Helen ' s , Auckland , was opened fov tho convoyauoo of passengers . Tho now lino is about throo miles in length . Nisw Spanish Railway . —Letters from Bilboa glvo an account of tho inauguration of tho Bilboa and Tudela liailroad works , whloulmvo boon commenced near thnt city , An , immense crowd assembled to witness the ceremony .

      The chief engineer , Mr . Vignolles , presented severs tools to the chairman of the company , Don Pablo de Epalza , and , after addressing him in English , proposed three cheers for the Bilboa Railway , which were heartilj given . Afterwards M . de Epalza threw a few shovelfuls of earth into a wheelbarrow , and his example waa followed by the vice-president , M . Arellano , Th « English engineer then , taking off his- coat and hat , dug a few ^ minutes amidst much cheering , and then addressing himself to the people , called down the blessing of Heaven on the railway . The proceedings then terminated .

      The Atlantic Royal Mail Steam Company An...

      THE ATLANTIC ROYAL MAIL STEAM COMPANY AND THE TREASURY . To the Editor of the Telegraph . Sir , — -I shall feel much obliged if you will favoui me by inserting the enclosed correspondence be t ween the Secretary of the Treasury and myself . — I am , & C ., John Obrexl Lever . The Atlantic Royal Mail Steam Navigation Company ( Limited ) , 40 , Cannon-street , E . C ., London OctT 21 . TO G . A HAMILTON-, ESQ ., M . P . Sir , ^ As representative of the Atlantic Royal Mail Steam Navigation Company I ventue to address you the present letter , with a view of eliciting any explanation you may consider consistent upon the subject of the re ? newed contract extended to an existing steam-ship line across the Atlantic . It is generally understood and asserted that an extension of postal contract has just been , accorded to Messrs . Cunard , for the conveyance of her Majesty ' s mails to America , to the exclusion of other competing

      lines during such period . This has caused someanxietj to several parties whose interest and energies are so intimately connected with the project with which I have the honour to be associated ; but from the satisfactory assurances I have repeatedly received from yourself on behalf of her Majesty ' s . Government of their sympathy and support to the Gal way . line ,. I am unwilling to believe that it is now their intention to ignore the services that the new company propose to confer upon the two countries by a more frequent and . rapid communication between Gal way and the several ports in British America and the United States , the details of which plan are known to yoiu __

      Referring to a recently published letter from a member of the Late cabinet , and feeling the force and power of the statement therein contained with reference to the postal subsidies , & c , alluded to , I conceive it would be a great satisfaction to the country generally if you could consistently give your views as to the readiness of her Majesty ' s Government to negotiate with other companies as well as those now working under contract for an increased service to British America and the United States . I beg to enclose a pamphlet for your perusal upon the trade and commerce between Europe and North America , and -would call your special attention to tho two following paragraphs , which strike me forcibly , showing the margin for increased subsidies , especially to America , for additional postal services : —

      " It appears , then , that the British Government pays 475 , 000 / . per annum to develop tho trade with West Indian and Australian colonies , worth 20 , 15 G , OOQ £ per annum , and only 80 , 000 / . a year to develop tho trade of tho British American colonies , worth 20 , 788 , 903 / . per annum . " It is a well understood fact that tho British Treasury has boon largely reimbursed for tho subsidy paid for tho conveyance of tho transatlantic mails between Europe and America . It would appear , then , to bo sound policy to foster a line of steamers thnt will not only give a stimulus to trade and coinmorce in Ireland , but largely increase tho trado ( which is of incalculable value ) of her Majesty ' s British American possessions , and that , too , without drawing materially upon the Treasury , & c . " 1 havo tho honour to bo , , Your obedient , humble servant , John OmtELt . Lever . 40 , Cannon-street , E . C ., London , Oct . 20 , 1858 . XO J . O . LEVKn , ESQ . My dear Sir , —I am happy to remove any misapprehensions as regards your company which may havo boon created by tho extension of tho contract with Mr . Cunard . That extension was aBsonted to by tho Treasury upon a strong representation mado by the present Board of Admiralty , on tho 20 th of March last , in support of recommendations to tho saino effect by tho Into Board of Admiralty , Mr . Cunard undertaking increased riorvices and submitting to additional conditions , and before , us far as I am aware , any mention had been mado of your undertaking . I should regret very much if that extension won ) ( 0 bo considered as indicating any disfavour towards you or your Important ' projoot . On the contrary , you have received , both from the Irish Government and from members of tho Government horo , strong « ssuranco 8 of tho interest witu which thoy regard ft commercial ua-

  • Citation
    • Leader (1850-1860), Oct. 23, 1858, page 27, in the Nineteenth-Century Serials Edition (2008; 2018) ncse-os.kdl.kcl.ac.uk/periodicals/l/issues/cld_23101858/page/27/