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Leader (1850-1860), 29th January 1859, Edition 2 of 2, Page 28

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      Review Of The Week. The Principal Featur...

      have thus been run tip Is . to 2 s . per cwti , 13 to 2 £ per cent , having made 39 s . to 43 s . A large business has also been done for arrival * the exact terms of which have not transpired . Of English refined ^ 150 tons were sold , and the price is advanced to 44 s . to 45 Si To-day the market is comparatively quiet , and quotations hardly so firm . . . . — , Indigo . —The market is quiet , but steady . Ihe declarations for the sales of the 8 th proximo are 7170 chts . CocbxskaZu—Large public sales have been brought forward , and a fair proportion realised at Id . per lb . decline , but to-day sales were impracticable , except at a further reduction , and of 400 bags put up only about 50 soldi

      Mktaxs . — -The changes this week have riot been ¦ very important , and the trade in the aggregate has been dull , rather than otherwise . Spelter has , however , attracted greater attention , and some rather large contracts ha ^ e been made at 221 . 15 s . to 22 L 17 s . 6 d . both on the spot and for arrival . Scotch pig-iron has been inactive at 53 s . to 53 s . 3 d . per ton . Hidbs . — -At the public sales of East India hides 161 , 560 kips , 9499 tanned kips , 4113 buffalo , were offered , and 136 , 000 kips , 6458 tanned kips , 3067 buffalo , sold . There was a steady demand and good qualities at full prices . Common and medium sorts , of which a large quantity were offered , brought irregular pricesarid in some instances were not saleable unless at

      , a decline . Calcutta tanned of good quality brought 20 d ., and Bombay 15 d . per Ib . Hbmp and Jute remain inactive at late rates . . . Co * row . —The markets have been heavy under the influence of large arrivals at Liverpool and increased crop estimates from America ; 3 , 600 , 000 , to 3 , 700 , 000 bales being now named . The week ' s business at Liverpool is 40 , 000 bales at prices establishing a reduction of l-16 d . on Mobile , and td . on fair Upland . Orleans without alteration . Stock , 433 , 000 balesi Week ' s import , 125 , 693 bales ; In London the sales are 1800 bales , at rather easier prices . \ ,

      Oils . —linseed has sold largely for the United States , and prices have ranged from 29 s . _ 6 ' cL- ' to 2 ? s . 9 d . on . the spot , and 30 s . for deliveries up to June . Rape oil is dull of sale : fine foreign offers at 461 to 46 ? . 10 s ., and brown 42 / . 10 s . to 43 £ ; English , 41 / . Sales of foreign refinedhave been made for monthly deliveries , October to December , at 44 Z . Olive oils remain put of demand : GaUipoli , 49 t 10 s . to 50 L ; Spanish ; 47 / . 10 s . to 48 / . ; Mogadore , 44 JL A small cargo of Tarento now shipping sold at 45 £ , c . f . andi . to the United Kingdom . Cocoanut oil is in moderate demand : Cochin at 40 / . to 43 / . ; Ceylon , 39 £ to 39 / . 10 s . Palm is dearer , in consequence of the improvement at Liverpool and the rise in tallow . Fine Lagos commands 4 ' It 10 s . The stock of sperm oil is in few hands , and firmly held at 98 / . Common oils meet little attention . * pale sou thern , 34 / . ; pale eeal , 361 . x cod , 31 / . 10 s . per tun .

      . WaALJaeTsta . -r—A small cargo Davis Straits has been taken for export at 5601 . to the undersigned , at half price , beyond which nothing of moment has transpired , but there is .. apparently more disposition to sell . Polar quoted 530 ? . ; north-west , 450 ? . ; southern , 400 / . TwjRPEHX « nB .+ —Qf rough , 600 brls . have arrived , and sold at 10 b . 9 d . per cwt . Spirits are rather lower , and 40 s . accepted for American in barrels . Taixow . —During the pact week oar market has been steady , at an advance of 3 d . to 6 d . per cwt . The trade generally are still out of stock , and the demand has been very fair , though buyers have purchased only to satisfy immediate wants . Town tallow is said to be a little more plentiful . It is supposed that a quantity of Y . C . is still to be provided for the March contracts , and

      it is therefore possible that we may be influenced by speculative operations , before the end of that month . The import to the 1 st of May next will be less than it was during the same period in 1858 , and pur stock will leave only a moderate quantity to meet the early arrivals from St . Petersburg in May and June . By the last advice the market was firm at 167 t 10 s . down for August , and 164 / , on spot . Exchange , 36 J ; The market closes quiet at 52 b , 6 d . spot ; 68 s , 6 d . to 68 s . 9 d . January to March ; 58 s . 9 d . March ; 52 s . 3 d . to 52 s . 6 d , April to June ; and 52 a . 8 d . to 52 s . 6 d . October to December . The public sales of 280 cks . to-day went off briskly . Australian beef , 51 a . 9 d . to 62 s . 6 d . j South American , 46 s % tp 52 s . 8 d . ; Odessa , 52 s . 9 d , to 53 s . 6 d . Town tallow , 55 s . Rough fat , 2 s . JO ^ d . Melted stuff , 383 < 6 d .

      156 The Leaab-Il. [Ho. 462, January 29, ...

      156 THE LEAaB-Il . [ Ho . 462 , January 29 , 1 S 59 .

      This Wkmh Ipon Trade.—The Pew Year Has Q...

      This Wkmh Ipon Trade . —The pew year has qom-r menced favourably for the Welsh iron trade ; a slight advance has taken place in the prioe of bar « 4 ron , and the arrival of several fresh orders has increased confldencf , which it is anticipated will be further strength " ened . as the spring advances . The large works at Trodegar are now supplying ext ensive orders , while from the important works of JSbbw Yale , Nantyglo , Blaina ,, and Biaenavon the accounts are decidedly good and cheering . There is a partial slackness in some parts of Glamorganshire , particularly at Abordaro , where work is elack and orders , few } out a revival is anticipated , as the demand from America is becoming better , And ihw to « good inquiry from France and Russia .

      ^Aii^Tay Ilsttelligenge.

      ^ AII ^ TAY IlSTTELLIGENGE .

      The Half-Yearly Meeting Of The South Eas...

      The half-yearly meeting of the South Eastern Railway Company is called for the 24 th of February , and that of the London and South-Western Railway Company for the 10 th of February . At the latter the lease of the Salisbury and Yeovil Railway will be submitted for ap ^ proval , as well as a proposal that " instead of the lease of the Portsmouth Railway , already authorised , that undertaking should be transferred absolutely to this company upon similar terms . " . Mr . J . W . Childers * High Sheriff of Yorkshire , has been elected chairman of the South Yorkshire Company . The office was held for many years by the late Dr . Dymond . ¦ ' ¦ . : ' ¦¦ . '"

      The engineer of the Northern Bengal Company has completed the survey of the line , and has reported to the Bengal Government that there is nothing to prevent the formation of the railway across the Ganges from the main line of the East Indian Railway at Rajmahal to Malelab , and thence to the foot of the hills of Darjeeling , at a comparatively moderate cost . The report of Sir Macdoriald Stephenson , on the result of his personal inquiries in Smyrna and Constantinople , has been received , from which it appears that the first section of the railway of forty miles out of Smyrna will be opened in September next . The document contains several matters of interest in connexion with the whole question of railway communication in Turkey .

      The half-yearly meeting of the Great Western Railway Company is called for the 11 th of February , and will be made special , to approve leases of the Bridport Railway , and the undertaking of the Great Western and Brentford Railway Company . The half-yearly meeting of the Eastern Counties Railway Company is called for the 24 tb of February . The annual meeting of the English shareholders in the Royal Swedish Railway Company is called for the 24 th of February . The Daily News asserts that it is not true that the dispute between the Brighton and London and Southwestern Railway Companies has been terminated by . the dissolution of the injunction . The Brighton Company have given notice of appeal . Meanwhile , the prospect presented to the proprietaries of both companies is that the cost of the warfare will far exceed the sum

      represented by the dispute between them . At a meeting of the directors . of the Preston and Longridge Company , held at Preston on Monday , an instalment of 12 , 000 / . of the purchase-money of the above railway by the Preston , Fleetwood , and West Riding Company was handed over to the directors . Next Saturday the money will be distributed among the shareholders at the rate of 57 : a share . The last section of the Dundalkand Enniskillen line , about four miles in length , is to be opened to Enniskillen on Tuesday , thus completing the line throughout from Dundalk to Enniskillen .

      The half-yearly meeting of the Manchester , Sheffield , and Lincolnshire Railway was held on Wednesday at Manchester . The directors' report was adopted unanimously , and the meeting concluded with declaring the usual preference dividends , payable on the 9 th February , and re-electing the retiring directors and auditor . A meeting of the Severn Valley Railway Company is called for the 23 rd February , and will be made special , to consider an agreement for the working of the line by the Oxford , Worcester , and Wolverhampton Railway Company .

      A meeting was held on Thursday of the London and Brighton Railway Company , M . Leo Schuster in the chair , when , after some discussion , a dividend of 3 £ per cent , for the half-year was agreed to , making G percent , for the past year , leaving 3182 / , to be carried to the next account . A motion to discontinue travelling on the line on Sundays fell to the ground for the want of a seconder . The half-yearly meeting of the North Eastern Railway Company is called for the 18 th of February , at York , and will be made special , tp consider a proposed amalgamation with the Newcastle and Carlisle Railway Company , Pending an application to Parliament for an act sanctioning this arrangement , it is proposed to make a traffic agreement .

      The dividend of the London and South Western Railway Company is officially announced at the rate of 5 $ per cent , per annum , against 5 % at the corresponding period of last year .

      Newtown Railway, Great Northern And West...

      Newtown Railway , Great Northern and Western fof Ireland ) Railway , Epping Railways , Portsmouth Railway , Midland Railway , Gloucester and Cheltenham Tramway Abandonment . Before Mr-OFrere : —Bridport Railway , Kensington Station and North and South London Junction Railway * " Vale of Llangollen Railway Norwood and Streatham Railway . ' French' Railway Enterprise ^— -The Tngenieur publishesthe following list of the- work ' s which are to ba undertaken by the French railway companies during 1859 : — ' * The Orleans Company is to expend , in addition to 8 , 000 , 000 f . applicable to the payment of the works of 1858 on the 1464 kilometres (| of a mile each ) of the old network in operation , a sum of 2 , 500 j 000 f .

      for the bridge of Bordeaux and the five kilometres of junction line adjoining . The line from Nantes to Chateaulin , which was to have been completed by the 20 th of June , I 860 , will not be so until 1862 , and it will stand in 1859 for a sum of 10 , 000 , 000 f , It is said to be in contemplation to expend a sum of 100 , 000 f , for improving the passage through Nantes , and . 2 , 000 , 000 f . will be devoted to rolling stock and a double line of rails on the roadsi now being constructed . The works of the Central Orleans network and the Pyrenean lines will absorb nearly 39 , 000 , 000 ^ The Northern Company is to expend 15 , 000 , 000 f . for the line from Ktamur

      to Dinan , and will besides occupy itself with the works from Paris to Soisaons , Senlis to Chantilly , and Hazebrouk to Arras . The Ardennes Company is to carry on the works on the line from Sedan to Thioiiville and from Charleville to Givet . The Eastern Company ¦ ¦ will have to complete the works of the Vincennes line , those from Thionviile to the frontier of Luxembourg , from Nancy to Gray , and from Strasbourg to Kehl , and will continue the works of the great bridge over the Rhine . The Mediterranean Company is to expend 5 , 000 , 00 Gf . on the line from Marseilles to Toulon , and 5 , 000 , 000 f . on its old . lines . It will also commence the works of

      certain eventual concessions , which present but slight difficulties ; among others , that from Toulon to Nice as far as Hyferes . The Geneva Company will devote 10 , 000 , 000 f . to the completion of the passage through Lyons and the laying down of a second line of rails from Amberieux to Macon . The Western will have to finally settle in 1859 for the works between Caen and Cherbourg and between Caen and Mezidon , the sum to be so paid being as yet not known . It wifl also execute the lines from Lizon to St . Lo ( 19 kilometres ) , from Coulibceuf to Falaise ( 7 kilometres ) , from Lisieux to Honfleur ( 13 kilometres ) , and from Repnes to Kedoit ( 70 kilometres ) . It will also devote 2 , O 0 O , O 00 f . to the renewal of the rails on the Havre line . "

      Nbw Soutm Wawes Railwats . —Mr . Gabriclli returned by tho last steamer to Australia , having completed tho arrangements between the Government of New South Wales and Messrs . Peto , Brassey , and Betto , for tho construction of railways in that colony . Mr . Wilcooks , another of their agents , will go to Australia by the February mail } and has chartered a large ship , which will , sail in the course of next month , filled with railway plant of every description requisite for carrying on the works with energy , Bxiuu } iron Railways . —On Tuesday the examiners of bills declared that in respect to the following bills , the standing orders of both Houses of Parliament had been complied with . Before Mr . Smith s— -Ll « nldloef ftnd

      CArE Town Railway . —The Company have received information , uuder date December 21 , per the mail steamer Phoebe , of the arrival of their engineer and staff at Cape Town on the , 14 th December , and that they had already commenced staking out the line . East Suffolk Railway . —This line is expected to be opened for traffic in March j and the extensions to Yarmouth and Lowestoft wilf , it is stated , be ready for traffic by the same date . The East Suffolk line proper extends frpm Halesworth to Woodbridge , where it joins a branch of the Eastern Union Railway . The extensions to Yarmouth and LoVestoft will shorten the distance by railway to London by about thirty miles .

      Joint-Stock Companies. Thk Madras Irriga...

      JOINT-STOCK COMPANIES . Thk Madras Irrigation Company have had an intimation that the guaranteed interest of 5 per cent , on the 47 , 000 / , received from the deposit of 1 / . per share will be allowed by the India Council from aud after the 31 st instant . At the meeting of the Consolidated Copper Mines of Cobre a dividend was declared of 11 , per share . The report stated that there bad been a falling-off in the past year in the ores raised of about 78 tons , and an increase in the make of precipitate of about 80 . During the last two months the production has been above the average . The general stagnation has affected the price obtained for ores at Swansea ; but , dating from tbe November sale , an improvement has taken place .

      There was a meeting of the proprietors of the Western Bank of London on Thursday , Mr . Roebuck , M . P ., > o the chair , when a report was presented which stated that , after allowing 1410 / . 12 s . 2 d . for rebate on bills not yet due , writing off bad debts , and defraying all current charges , a balance of 5676 / . 17 a . 6 d , would remain for distribution , which the directors proponed to dispose of in the following manner , viz . a dividend at the rate of 3 per cent , per annum , free of income-tax , and to appropriate 500 ? . to a further reduction of tUo preliminary expenses , and leaving 2176 / . 17 s . fid . to be carried forward to the next account . The report ana accounts wore adopted , and Mr . Harborrow was electou an auditor in the place of Mr . Nottleton , who has rosigned . A sum of 10001 . w « s voUfd * o the directors as a remuneration for soifcl in the affairs of tho company . ' . It is understood that the directors of the Electric ana International Telegraph Company have decided upon recommending a dividend at the rate of 6 per coat , per annum for the lost half-year .

  • Citation
    • Leader (1850-1860), Jan. 29, 1859, page 28, in the Nineteenth-Century Serials Edition (2008; 2018) ncse-os.kdl.kcl.ac.uk/periodicals/l/issues/cld_29011859/page/28/