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    Wo. 4S3. Novembbb 27, 1858.] T E E X E A...

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    South American Mines.—The recent advices...

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    MONEY MARKET AND STOCK EXCHANGE Friday E...

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    BANK OF ENGLAND. An Account, pursuant to...

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    Home, Colonial, & Foreign Prodxrce Marke...

    " ~ Provisions . —Newgate and Leadenhall are glutted with meat of all descriptions , and the change in the weartier being against trade * prices are lower . Mutton is more e specially depressed . Beef ranges from 2 s . to 4 s . ; mutton , 2 s . 4 d . to 3 a . 8 d ., a few very choice may make « t a lOcl ; veal , 8 s . 4 d . to 4 s . ; and pork , 3 s . to 4 s . per 8 lbs by the carcase . Butters dull of sale , and fine Friesiand , 2 s . lower . Bacon of the primest cures , not quotable over 52 s . Live Stock . —At Monday ' s market there was a good demand for beef , and there being but a small supply , prices advanced 2 d . per stone ; but on Thursday trade was again dull , and the advance was' lost . Sheep have been In slow demand throughout , and prices have been in the buyer ' s favour . Veal and pork , although not rery saleable , remained about as last quoted . The following were the numbers at market , and prices

    quoted : Mosdat , Beast . ' Sheep . Calves . Pigs . 4 , 360 22 , 900 99 2 S 0 3 s . l 0 d . to 5 s . 0 d . Ss . Sd . to 4 s . l 0 d . 4 s . 0 d . to-ls . 8 d . 3 s . 0 d . to 3 s . l 0 d . Thursday . 1433 3 , 850 130 170 3 s . Sd . to * s . l 0 d . 3 s . Sd-to 4 s . 10 d . 4 s . 0 d . to 4 s . 8 d . 3 s . 0 d . to 3 s . lOd . Coals . —With increased supplies , house coals declined 6 d to Is . per ton on Monday , but have since sold steadily at the decline for best , seconds having partially recovered . Hetton ' s , 19 s . ; Stewart ' s , 18 s . 9 d . ; Lambton ' s , 18 s . 6 d . To-day the weather checked the demand . SuoAH .- —Refiners and exporters have purchased

    somewhat freely , and with very modei ^ ite supplies offering , suitable descriptions are Gd . to Is . dearer . Grocers still lend very little support to the market , and sugars from 4 ls . and upwards can hardly be quoted higher . In consequence of the continued restriction of arrivals stocks show a further material declension , and are now 60 , 000 tons , being about 500 tons less than at this time last year . The principal transactions of the week have comprised 2279 hds . West India , including Barbadoes , at 37 s . 6 d . to 4 G 3 . 6 d . for brown to fine grocery ; Tobago at 38 s . 6 d . to 41 s ., and other imports 37 s . to -44 s . Gd . ; 5000 bgsw Mauritius , low to good mid . yellow , 40 s . 6 d . to 43 s . ; low to good brown , 33 s . Gd . to 38 s . 6 d ; 10 , 000 at 32 Gdto 3 is 6 d

    bgs . Bengal , chiefly for exports , s . . . . ; the . remainder for consumption ; Cossipore at 47 s . to 47 s . Gd . ; syrups , 4 Gs . to 46 s . Gd . ; Yellow Gurpattah , 39 s . to 43 s . Gd . ; Benares , common to good white , 46 s . 6 d . to 49 s . ; 2000 bgs . Madras at 32 s . Gd . to 3 Gs . Gd . for low to middling date ; 5000 bxs . Ilavannah at 42 s . Gd . to 4 Gs . for low to-fine yellow ; 1000 bgs . brown Pernambuco at 38 s . Gd . ; 1000 lids , of Cuba Muscovado at 37 d . Cd . to 39 s . for brown , and 40 s . to 44 s . Gd . for yellow ; 1200 bgs . Balierc at 403 . Gd . to 4 Gs . ; and two floating cargoes Ilavannah , the one , No . llj , at 29 s ., for Plymouth , the other , No . 10 to 10 i , at 28 s . Gd ., for a near port .

    Coffee . —With continued short arrivals , the stock is further reduced to 7 G 90 tons , boiug 12 00 tons less than that of 1857 at the same date . The better qualities of Brazil have been more inquired for , but there is very little to be had . The few parcels brought to public sale liave sold vory unevenly . Plantation Ceylon at 69 s . to 73 s . for middling to good bold colony ; Tellicherry at 50 s . Gd . to 51 s . for fine ord . mixed { Naidoobatum at 78 s . Gd . to 87 s . for good and fine ; Malabar , 55 s . per cwt . Some small lots of Native Ceylon have sold at 49 s . GU . to 51 s . Gd . per cwt , A flouting cargo of good and superior firsts liio * sold for a near port at 45 s . Gd . per cwt .

    Rice . — A good steady demand Iras prevailed at about the rates current in the previous week . Tho sales amount to 45 , 000 bgs ., principally of the soft descriptions . Nccrauzio , 7 s . 3 d . to 7 s . Gd . ; low Rangoon , 5 s . Oil . ; Madras , 7 s . 3 d . ; Bengal , 8 s . to 9 s . Gd . for low to middling white , and Moulmoin . for the Continent , at 7 a . Del , floating conditions . The doliyerics keep up to tho averago of 1200 to 1 S 0 O tons weekly . Saltpetre . —The stock is now only 2 / 00 tons , and is firmly Uold , but purchases are made sparingly . The week's business is about 4000 bgs . on tho spot at 42 s . 6 il . for 9 to 13 per cents ., and 43 s . Oil . for G £ , and about 200 tons for arrival nt 42 s . to -Via . Gd ., according to periods of shipment . Refined advanced , la . per owl .

    Spices . —Ginger meets a ready snlo at full m-iooa . Jamaica , common to middling , 70 s . to 88 s . ; Calicut small , 78 s . to 78 a . Gd , ; middling 83 s . to 84 s ., bold 87 s . jto 90 s ., duty paid ; rough Bengal , 15 a . to 16 s . Cd . in bond . Cassia Lignoa ia dull of sulo , a largo consign-Hiont being close at hand ; 400 bgs . in auction , were chiefly bought in at 98 a . to 100 s . for sooonds , and 102 a . to 105 s . for mid , to fair firsts . Small sales of Malabar poppor nwle at 4 b . 4 d . for fair heavy . Tho little white Popper nvallablo is held at high prieos , but arrivals

    Doing oxpeoted , tho trade buy only for tho moat pressing orders . In other spices nothing of moment has transpired . Oils . —Xinaccd advnncod to 2 Pa . Gd . on the spot , tmd 80 b . for monthly ilollvovios from January to Juno . Rape eolla at rather easier prices . English brown , 41 / . to 411 . 10 s . ; fbroign , 48 / . | foreign refined , 40 / . 10 s . ; Bombay ground nut and gingolly , 34 / . to 847 . 10 s . ; Madras , 88 / . to 88 / . 10 s . OUvo ia again doaror . Galllpoll , 50 / . ; Corfu , 4 tf , { Mogadoro , 40 / . Many holders arc not sailors at tlioBo prices . Cocoa-nut soils steadily at 88 / . for Coylon , and 40 / . to 4 , 1 / . for Cochin . Flno palm

    scarce , and AIL readily paid . Sperm in better demand , and sales of American made at 8 & L " . Pale seal offers at 37 / . ; pale southern , 351 . ; cod > 317 . to ' 311 . lOs . Whale-fins . — -The only parcel of Polar here is held above current rates . Davis Straits offers at 5501 ., but buyers offer only 540 / . ' Turpentine . —10 s , jSd . is the nearest quotation for rough , of which , there have been no arrivals . Spirits sell at 39 s . 6 d . to . 40 s . for American , and 38 s . Gd . to 39 s . for English . Cocoa . —Small lots Guayaquil have sold at 5 Gs . A Government contract for 100 tons is announced fo tender on the 22 nd proximo .

    Tea . —The China telegrams of a further defect in * shipments have strengthened the markets . Biackish leaf v kinds have been more in request , and common Congous are reported to have sold at lOfd . At public sales of 12 , 000 packages , 7000 sold at full prices . Fruits . —Fine currants scarce , and 52 s . paid . Valencia raisins in limited demand , 38 s . Figs scarce , and making low prices . Dyes . Cochineal has furtlier declined Id . per lb . , arrivals having increased . Safflower firm but quiet ^ Redwood and lime-wood realise steady prices . Gambier is rather easier to buy ; fair sold atlos . 3 d-Cutch is Is . lower ; fair quality sold at 3 Is * to 32 s . 6 d . ; really fine is , however , scarce . India-rubber has further advanced to lid . for East India , and Is . lOd . for fine Para .

    Metals . —Manufactured iron is steady in value . Scotch pig rather firmer , bars made 53 s . Gd . to 53 s . 9 d . Copper has been advanced iL 10 s . Tile is now 102 / . 10 s . per ton . Sheet , llid . per lb . ; fine foreign , 108 / . to 109 / . Lead unaltered . Spelter easier in price , 100 tons sold at 22 / . 15 s . for small plate , but-common ore not more than 22 / . 7 s . Gd . to 52 / . 10 s . ; 100 tons spring shipment , sold at 227 . 7 s . Gd . Foreign tin is again higher , Banca realising 124 / . ; a rise in British is consequently expected . Cotton . ! — -At Liverpool prices have been steady , an d the week ' s business adds up 39 , 890 bales . In London , 2300 bales Surat have sold at the full value of od . to 5 Jd . for ord . to fully fair , and 400 bales Madras at Gd . to 6 £ d . for fair to ~ good fair Tinnevelly , being in the latter ease a decline of 4 d . from tli « late highest point .

    Tallow . — The trade have purchased less freely during the present week , and tbe market has been flat , at a trifling reduction in consequence ; but it seems to be acknowledged that the home supply is still short , and that it is doubtful whether any increase can take place till after March , the Christmas week excepted , autumn and winter fodder being scarce . Under this impression , it is fair to conclude that the present stock will have been exhausted before the next import from St . Petersburg ; and it is with this stock only we have now to deal , the prospect and price of tallow next summer being of small The lies from

    moment to the present consumer . supp the Continent and other places , in . the early part of 1858 , must be less than they were in the like period of 1859 , the deficit in the shipment from St , Petersburg to France and Germany being 12 , 700 cits ; there seems , therefore , to be little cause for alarm either to present holders or consumers . Sales close flat at 50 s . Cd . to 50 s . 3 d . spot ; 50 s . to 49 s . 9 d . all year ; 50 s . 3 d . spring ; 51 s . March ; 5 Os . April , Juno ; and 50 s . Oct ., Dec , 1859 . Tho public sales to-day were small ; but Australian sold freel } ' at 48 s . Gd . per cwt . Town tallow , 64 s . 3 d . ; rough fat , 2 s . lOd . ; melted stun " , 37 s . Gd .

    Wo. 4s3. Novembbb 27, 1858.] T E E X E A...

    Wo . 4 S 3 . Novembbb 27 , 1858 . ] T E E X E A P E B . 1299

    South American Mines.—The Recent Advices...

    South American Mines . —The recent advices from tho River Plato regarding tho gold discoveries were wrong in describing them as situated in the province of liuenos Ayres . They are in tho province of San Luis , which ia one of the States that constitute the Argentine Confederation , and havo been worked by the natives in an imperfect manner for several years . There seems little doubt that they are of great extent , and might be vory productive , and also that from the proximity of San Luis to Buenos Ayres their development would greatly benefit tho latter province . Tho inhabited portion of Sun Luis consists of two grand divisions , the first to tho north of tho capital . This district Is alternately flat ami mountainous , containing woods , hikes , and rivora , and tho soil is much varied , having mines of gold , coppor , silvor , load , it-oti , & c . Tho second division is to tho south and south-east of tho city of San Luis ,

    npprouching from tho rivor Quinto , and is mostly an immense prairie , which ia again beginning to bo ropooplocl -with establishments for herds . To tho north stretch the mountains of Carolina which have given thoir names to tho gold mines . Tho richest valleys aro Honda , Avenila , and Duranzo . About COO persons aro omployocl in Booking for gold , but thoy aro totally without energy , and ubo only tho most imperfect moans . At certain seasons thoy dig up tho earth and wash it in wooden bowls , and in this fooblo and desultory manner annually Ami from 4500 to 5000 ounces | thoy hardly take tho trouble to find ouovigh for their nutlnf onanco and clothing . Tho copper and silver load minus of San Luis havo boon worked over aiuco the Spanish domination , and have recently undergonu exploration . Tlioso of San Barboues and San Francisco nro said to glvo from 15 to 80 per oont . of copper , and thoso of San Juan from 10 to 10 njarcs of silver por 60001 b . of mineral .

    Money Market And Stock Exchange Friday E...

    MONEY MARKET AND STOCK EXCHANGE Friday Evening . Money continues to be very abundant . The best bills are discounted at 2 £ per cent ., and some moneyholders , ' anxious to do business , have even discounted at 2 . A greater want of confidence seems to prevail than last week ; It is felt that the Emperor of the French is the keystone of the great political arch that now overspans Europe , and his late proceedings have not tended to make people believe in its security . Obviously he owes her

    dignity to his own intellectual power , it has no other basis ; and every sign of erroneous judgment or weakness in him alarms the moneyed men . As trade does not rapidly improve , money finds-no additional employment . All kinds of funds and securities are dull . There is no money coming into the Stock Exchange . Consols were to-day a shade better than yesterday , but the tendency of the market in the week has been downwards . Railway shares are improving , the accounts of the traffic being favourable . From Paris to-day the alteration of price brought by the

    telegraph was unimportant . As activity is the normal condition of all business , we may conclude that the present inactivity must soon come to an end ; and if it do not discontent will ensue . As the long-headed money classes here seem little disposed to encourage M . de Lesseps in forming a canal betwixt the Red Sea and the Mediterranean , he must feel great satisfaction in knowing , as announced in his journal L'Istkme de Suez , of the 25 th inst ., that all the rest of Europe responds heartily to his project , and that the subscriptions will far exceed the sum of 200 , 000 , 000 francs , at which the capital of 4 he company is fixed . A loan to Chili was brought in the market yesterday by Messrs . Baring , Brothers , and Co . The

    sum is to be l , 554 , S 00 / . in 4 £ per cent , bonds at 92 , with dividend from the 1 st of December , and the instalments are to be monthly , extending to the 13 th of May next , with an allowance at the rate of 3 per cent , for prepayment . " The home debt of Chili is about 4 S 6 , 910 / ., chiefly bearing 3 per cent , interest , and in course of reduction by a sinking fund . The foreign debt consists of 575 , 400 / . in 6 per cent , bonds , also in course of liquidation . The revenue of the State in 1 S 57 amounted to 6 , 419 , 14-2 dollars . " The additional loan now to be raised is for the completion of railroads , and although governments are not the most successful engineers and workmen of the money to be so applied , it may be turned to a profitable account . In general , however , loans to Governments merely serve to encourage waste , and end to the general disadvantage , including loss to the cffpitalists who negotiate them .

    The Bank of Frankfort has reduced its rate of discount from 5 to 4 per cent . An Egyptian loan of about 2 , 000 , 000 / . is announced , put nothing sufficiently definite is known concerning it to enable us to form any opinion as to its feasibility . The Bank returns , as will be seen below , show a small increase of bullion , about 140 , 000 / ., an increase of public deposits of nearly 800 , 000 / . ; -a slight increase of private deposits , and a further augmentation of the resorvo to the extent of upwards of 600 . 000 / .

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

    BANK OF ENGLAND . An Account , pursuant to tho Aot 7 th and 8 th Victoria , cap . 32 , for the week oiiding on "Wednesday , tho 24 th day of November , 185 S . ISSUE PBPAKTMEKT . £ I £ Notes issuod 32 , 000 , 480 Government debt .. ili 01 S , 100 Othor securities ... 3 , 189 , 000 Gold coin and bullion 18 , 13-M . SO Silver bullion <•—£ 32 , 000 , 480 . £ 32 , < J 0 l > , * 80 BANKING DEPARTMENT . £ . £ . Proprietors ' capital 14 , 653 , 000 Govormnont socu-Jftosc ,.. 3 , 163 , 308 ritioa ( including Public deposits ( In- Dond Wolghfc AnoludinR Bxoho- unity ) ........... 10 , 808 , 801 quor . Oommtesion- Other Securities . 15 , 323 , 77 , * ors of National Notes . 12 , 251 , 030 Debt , Savings' Gold and Silvor Banks , and Dtvi- Coin O * B , 800 dondAccounts ) .. 7 , 071 , 700 > Other deposits l 3 . 8 iW . 8 fli Sovon Day & othor Bills 630 , 317 SC 30 039 , 2-K * £ 80 , 020 , 245 * ' HIV ARSHALL , Chief Oiwhlor . Pfttod tUo 25 dU day of November , 1808 ,

• Citation
  • Leader (1850-1860), Nov. 27, 1858, page 27, in the Nineteenth-Century Serials Edition (2008; 2018) ncse-os.kdl.kcl.ac.uk/periodicals/l/issues/cld_27111858/page/27/