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Leader (1850-1860), 28th August 1858, Edition 2 of 2, Page 28, > JOINT-STOCK COMPANIES. • -i Iw>%tkH AH...

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      Colonial And Foreign Produce Markets. Re...

      & $£ ;; 1 & a & ayV ' * 6 &» . to 67 a . inferior , fits , to 60 s . ; Bfott *; S # i ; » $ * . ' -to"SSfJ Danube * « 8 a . to 69 * . - 6 nJ 3 .--tin * eedhiaB . declined to 33 s . to 33 s . 6 d . on the spot , and 88 si 6 d « to 83 & . 9 d . ftr delivery , with few buyers at , th * decline- liape is held for late rates , but is ejitrevnely < inllof sale . Foreign refined , 48 s . GtL to 493 . ; brown , " / 4 & al . }\ and English , 42 . 6 d , Giugelly and groundnut : Bombay , 35 s . to 36 s . ; Madras , 39 a . to 39 s . 6 d . per cwt . . In the absence of business olive oils remain nominally unaltered , but are , perhaps , obtainable

      op slightly easier terms , say , Mogadore , 42 i ; Malaga , 441 . 0 b . \ Galipoli , 451 to 452 . 103 . per tun . Cocoa-nut is inactive , bat the clearances for export are large . Ceylon sells at 36 s . to 36 s . 6 d . ; Cochin at 38 s . to 39 * . per cwt- Palm in demand for export , and after large sales at STa . 63 ., holders now require 38 s . for fine Lagos . The . market for fish oils is seasonably improving . Spenri has advanced to 901 for fine , and stories are short . Common oils are unaltered . Pale southern , 37 / . ; pale seal , 39 £ >; and cod , 352 . pet-tun . Talxow . —The deliveries have been much ia excess of arrival ^ and , most of the supplies coming in from Odessa hare been ordered to outports . The market has consequently been , firm , and , within the last day or two , "bear"' speculators have appeared as buyers to cover delivery contracts , and prices , have advanced to 49 s . on the spot , the same for the last three months , and 49 s . 6 d . for spring delivery . ... At auction to-day , 35 casks Y . C . sold at 48 s . to 4 : 8 s . 3 d . ; 40 casks Odessa , 48 s .- to 48 a . 9 d . ; 118 casks Ukraine , 48 s . 9 d \ to 49 s . 6 d . ; 150 casks Taganrog ; , 48 s . to 49 s . 6 d . ; 79 casks Archangel , 47 s . 9 d . to 48 s . Town tallow advanced to 51 s . 3 d . ; rough fat to 2 s . 8 d . Iu other respects the market letter remains the same . 8 TATE 5 CENT OOP TAIJLOW SHIPPINGATSX . PETERSBURG . [¦ ' ¦ : :.- .. ; ' .. ,: ; ; / /¦ ;; " y . / . 1858 . 1857 . I 806 . ' ¦ ^ v--- ¦' v -i- . ?;' -U ' --il- - ¦ ¦ ¦ ¦ ¦ ' ¦ ¦ ¦ <*»•¦•• ¦ cks . cks . . rro ^ # h 3 |» peJ 30 Tai ^ ul ys p . S . 23 , 939 15 , 988 26 , 377 ' . ¦ v ' - - ' ^'¦' »» - ¦ ¦' ¦' ' ; Subsequently . — ¦ ¦>¦ ' 9 ^ , 406 91 y 4 lO Total at close of navigation — 106 , 394 117 , 787 Destination : - ,. . ¦ ¦ ' . . ; : ¦' " ¦ - . . ' ' "'¦ ¦ ¦ ' . ' .. ' . '¦ : - /; ¦' ¦¦ ¦ . ' . / . ¦ . l ^ ndp 0 .- ^ ... - .. ...-....... '' .... 12 , 217 5 , 072 8 , 475 Other English ports ...... 3 , 811 5 , 498 9 , 388 Foreign ports ...:........ 443 14 ? . l | O 08 Not despatched ...... ¦ ....... ; 7 , 468 5 , 269 7 , 506 ?; ;!'; ' . ;;" . : V " ¦"'¦''¦ - ' ;; ' /' : 'V " . - ' . :. 23 , 9391 15 , 988 ' ¦ . 26 , 377 : . Woot .- » -The third series of colonial sales concluded bfi ; Tlrntaday , laving comprised 77 , 557 bales , -viz . 18 | i 78 Sydotey ; 30 ; 0 S 6 Port Phillip , 9411 Tan Dieinen ' s Xflndj 5716 Adelaide , 3396 New Zealand , 720 Swan I ^^^ dl ^ 10 < fCap « . The sales progressed with incteaBtn ^ animationthroughout , and an , advance of Id . ^ er lb- tin the previous serfes , established at the opening , was increasedto IJd . to 2 jd . per lb . at the close . Exporters took only about 20 , 000 bales , the improvement arising more immediately from the satisfactory ex tension of tbe home trade . The low wool sales closed today , having offered 6989 bales , principally East India , Russian , and South American . Prices scarcely varied from those of the June sales . The annual display of the Paget Sound Agricultural and Hudson ' s Bay Company ' s flocks took place at these sales . They are de-SCribted ks a xiseful class of wool , and in some cases capaTife of taking rank among fine wools .

      A' M M T * Inferior ; Fits L :**. .. • ¦...

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      > Joint-Stock Companies. • -I Iw>%Tkh Ah...

      > JOINT-STOCK COMPANIES . -i Iw > % tkH AHI > AuaTRAWAN TELKaBAPH COMPANY . —A ( company is in course of . organisation , under the title of t * . ths-Indian and A ^ tralian Telegraph Company ( limited ) , . for exfiending telegraphic communication to China and , u AwrtrftUaj ^ ThernrQc pe ctiis mentions tha t it is understood that the Indian Government contemplate a con-* i ) $ Wm & ! i « f ¦ jttw ; Ke 4 Sea line to Kurrachee and O « ylon . iw ^ y . W . WWWy ^ PW / ormed , proposes to carry the first s , ; i"WW . « MM » v * re 8 from Ceylon to Singapore ; and , i uSpWWJy . Wrtfcer section * will be continued to Jlong-M . >< i ^ ] gmvwUaiqM Lawd lsfeomnw . CowipA ^ T . —The « J * jmndi Land , Inoloeure Company are making ap--m Wg ^ ffi | ft , tt ^ B « tcb , Government for a modification of ivy ^ mmmfitotoa ^ of their concession , which , after

      1 : il ak £ & 22 K & ** ^« pre 8 B * « " «> h severity v 'Ptf'W ^ ff ^* ? " «* K . » b « adonment of the undertaking . It is only on account of the . low of 100 , 000 ? . surtaiued since the Introduction of a oettet svstem W rU higher than , had teen known for seventy years , tbut the ., t . ' ^ ffw-for temporary assistance is' preferred . The ex . , ; pendlWw his b « en 866 , 000 / ., and the .. swts fat the shape ' of recovered land are now only 4 o , 4 oO 7 , the wifF ^ X / W ***** 7 M * certain term to make a T » flSSLi 8 w' ^ "tf * Wi ^ re * ttjr the Government , and ¦ ?> -4 BSSS £ ^ ' ¦« -r ^'* *' lot 0 * *^ ^ "C *!^ navigation of the B » Wdt £ frniei » will ^ p , 204 , 006 ^ Th ?« sum it wiU be impoMible for Ouro to r « lM without help , and they

      accodingly ask for a I 6 an , or a guarantee , of interest . that may enable them to obtain . it . As security they . oflfer a Ken upon , the lands they may henceforth reclaim . London akd Cocnty Assurance : Company . —Vice-. Chancellor Sir R . T . Kindersley has made a peremptory order for a-call of 10 s , a share on all the contributnries who are included in the list . Tlie call is made payable on the 20 th September next . A MEumsG of the shareholders of the Agra and Uuited

      Service Bank was held on Saturday , at which it was agreed to take the necessary measures for bringing the establishment under the operation of limited liability , as settled by the Joint-Stock Companies Bill of the present year . Before the proceedings concluded it was intimated , on behalf of the directors , that although they have not received the accounts from the whole of their branches , they are in possession of information which enables them to state that the usual dividend of 10 per cent , will be declared . —Standard .

      Indian and Australian Teixgrapk Com ^ vny . — A new company has been brought out this week for the extension of the telegraph to Australia ia consequence of the success of the Red Sea Telegraph Company , with which it was supposed to be in connexion , and consequently sure of the guarantee . This , however , does not seem to be the case , as the Red Sea Company include Australia in their-original undertaking , and will , it is expected , have a preference in obtaining tlie guarantee .

      Eagle Insurance Company. The Proprietors...

      EAGLE INSURANCE COMPANY . The proprietors last week held their annual meeting , and discussed the report laid before them : by . ' their directors . Tins highl y prosperous and long , established company appears to have gained a very large accession of business by amalgamation with -other companies . We must say it is a most fortunate tiling that weak insurance offices have such a resource . If established and sound companies , l ike the Eagle , show themselves willing to come forward and take the business of small companiea off their hands , on mutually arrynged conditions , it is the best security the policy-holders can possibly have that their claims when they arise will be properly

      met . Without such a resource , Ave are satisfied that one half of the new offices , and , even some of tlie oWestablished offices , owihg to changes in nssurance busiuess , would not be in a position to meet their engagements . The amalgamation with the Albion Company is a most important proceeding . It has . raise 4 ., th . e assets , realised and to be realised , of the Eagle tp upwards of five unmans . ^ r Ihe mode of business of this company requires no explanation beyond that furnished in tlie report , which we gave ia our last week ' s issue . The best proof that the public appreciate it is to be found in the steadily increasing busmefia , and the high reputation it continues to maintain .

      Metal Market. London, 24th August, 1858....

      METAL MARKET . London , 24 th August , 1858 . Mtssns . Trueman Aud Fry report that the amount of business done in metals generally since our last shows still a little improvement , although there is no real activity in any branch . A full confirmation of the reported settlement of the China war , and opening of the ports , will doubtless have a stimulating effect on metal operations , Coppeh . —There is no material change ia the position of copper , and opinions differ much regarding the future . There are buyers of fine foreign at pretty fair prices , and it is known that the supply of that description will not be large for the remainder of the year . The dull trade in Birmingham and France still continues , and keeps the market for English copper front gaining life .

      Irok . —There has been a fair business doing in Welsh iron , particularly in rails , and in some descriptions of Staffordshire there is an improvement . Scotch pig has advanced in price to 65 s . 6 d . caah , mixed numbers g . m . b . and shipments continue large . Tjnf . — -A'better feeling prevails amongst many regarding tin ,, and there has In consequence been more' doing in foreign , but English is dull of sale generally . LbAd Is but , moderately , inquired for , although some few transactions lately have given a shade of firmness to manufacturers of the best brands , as well aa to holders of soft foreign . Spelter . —No revival seems to have reached this metal , although holders express confidence , and will yield but very little to induce sales . Tn » Plates are very fairly snpportcd , and most makers find a pretty ready sale .

      Joseph Tracers And Sons' Weekly Cilt'coi...

      JOSEPH TRACERS AND SONS' WEEKLY CIlt'COIiAR . ^ 1 J > , St , Swithin ' s-lane . TijA . —We have no direct confirmation of the nows from China , but it is generally regarded as authentic , » nd it haa had the effect of limiting business ia our market . . . ....

      -as ^ . Tffsssts'as-ari ssaJs ^^ tt ^^ . 'SisS sorts d « arer . Native Ceylon , which ha ^™ beSTfa ^ i " ^ time neglected , and is at a very low prke , i 8 attLT attention , and must befure long be worth ie V ^ " In other kinds there is no change . e fno " ^ - Sugar : RAW . —This market opened rather aubtw and buyers at first showed but little disposition ^ pw chase freely at existing rates : towards the middle of rt week , however , a better feeling evinced itself , and a 1 . 2 ! nnd general business has been the result Prices f some refining qualities have advanced 6 d . to h h ! quotations for good and fine grocery remain unaltered Krfined market at the commencement of the" w «* opened flatly , and in favour of the buyer : it hasTince improved in value , and our quotations throuchoat re main unaltered . Prices continue to be scarceand coin

      , mand extreme rates . Fiturr . —Owing to a continuance of strong northern winds , the further arrival of TSew Valencias is checked for another day at least . Currants . —We received yesterday samples of the new growth * , which , we aTe happy to say , bear out our former reports of a fine crop We expect the first arrival about the middle of ' September .. ,. Spices . —Cassia has , in consequence of large arrivals experienced a . further heavy decline . Tlie lower qualities of Cochin ginger are readily saleable at extreme prices , whilst the liner sorts have been disposed of at rather easier rates . A large business has heen . done in black pepper at improved quotations , shippers Luyiii " the lower qualities frec-ly , Petre firm at an advance ol ¦

      Is . per cwt . ' . .. ¦ ¦'¦ ¦' ; : ¦; ¦ ;¦ ¦ ¦ ¦ .- ¦ . ; ¦ ¦¦' . . - . ' Rjce . —Finest Carolina we quote 2 s . cheaper ; in other qualities there is no alteration . In brown meal ( of which there is now a very limited supply ) laTge transactions have taken place at the late advance .

      Coi«F Market. The Arrivals Of English Gr...

      COI « f MARKET . The arrivals of English grain during the week hav & : been small , of ^ foreign wheatand barley good , and large of oats . V' ¦ ¦• - ' .. ¦ : ¦ ¦ - ''¦' ¦ : ¦ : . "' r Eriday ' s market was but thinly attended . The little English , wheat fresh up since Monday realised that day ' s prices ^ Tn '"' foreign the sales were principally in retail quantities , without « hange in value-Spring corn of all descriptions is unaltered . The flour trade -remains the same . ¦ : At the Birmingham Corn Exchange on Thursday iherc waa a fair supply of wheat . There was no activity ia the ' trade , ailtt { Mlvea ttmaiiutd about t ' hft Kami ) fls last week . Barley a slow sale , and unaltered in price . Oats . nearly maintained their value ; Beans agaia dearer . Peas as before . The supply of wheat at Manchester and at Boston is reported as equal to the demand , both iu Englisli and foreign .

      Money Market Aw Stock Exchange. City, Fr...

      MONEY MARKET AW STOCK EXCHANGE . CITY , Friday Evesiso . Another comparatively quiet week in the money mercantile world . We do not regret the tranquillity . Some may be disposed to call it stagnation , which has continued for so many months , because we feel that the disastrous events and discreditable disclosures of the last year necessitated caution in every department of commerce , and because we were assured from the light oi

      previous experience that had commercial activity imme . diately resumed its sway , much of it must have been placed to the account of unextinguiahed and undtminiahed speculation . We should have then looked forward to a few years of preternatural expansion of commerce , certain to be followed by a crisis equalling if not rivalling in intensity any one of those which hod prcoeded it . But from a careful inspection of all departments of trade and manufactures—of commerce , homo

      and foreign-we have arrived at this satisfactory conclusion , that though trade Is contracted , and in » ome instances carried on at minimum profits , It U sound and legitimate ia character , and every week strengthens the hope nnd probability that we shall soon see ft . ™** ,, " * siderable expansion of business and profits » n an , or nearly all , departments . .. , _ The Bank of England offers , perhaps , the best cnte « of the condition of tradeTl « ia week the appli c *" " UIIVlt Ul ft Mil «» w ^— ----

      . Ul ItllQ ^ VUl b VI * " w - m - have been steady , but somewhat restricted . Every u positioa is evinced to afford all proper «» . focilitres \ but , of course , if applications are H ™ " * ' ™ fair infewnce is , that no special enlargement of J "" " In any one direction has occurred to necessitate w » i plication for legitimate accommodation . . , „ We believe some embarrasamenlfl Imve ° « cttTr : bttl couiequenco of speculations in Honduras P «*««"'» from goad authority we » ro euablcd to « Ut « tfc »« »

  • Citation
    • Leader (1850-1860), Aug. 28, 1858, page 28, in the Nineteenth-Century Serials Edition (2008; 2018) ncse-os.kdl.kcl.ac.uk/periodicals/l/issues/cld_28081858/page/28/