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Leader (1850-1860), 18th September 1858, Edition 1 of 2, Page 981, Untitled Article

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      Untitled Article

      Tallow . — The announcement by telegraph of active shipment at St . Petersburg bringing the present total up to 50 000 casks , caused a decline ^ Is . per cwt m this article at the commencement of the week , but large ^ de-Uvedes have since imparted a firmer tone to the market , SJd a good business is reported to have been done , for consumption , although speculative purchasersi have remained in abeyance . To-day the closing rates were for Y C 49 a . 6 d . on the spot , 49 s . 3 d . all the month , and 45 s . 9 d . last three months . Official market letter :--f own tallow , 52 s . 9 d . rough fat , 92 s . 9 d . ; melted stuff , 35 s . od .

      Untitled Article

      JOSEPH TJRAVERS ANt > SONS' WEEKLY CIRCULAR . 19 j St . Swithin ' s-lane . Tea . —The China mail came to hand on Wednesday last The commercial news is regarded as favourable to the continued stability of our market . The total export to Great Britain for the season is 77 , 000 , 000 lbs ., ( somewhat less than our delivery last year ) , whilst business in the new season ' s growth was proceeding very slowly , the teamen holding for prices utterly incompatible with those now ruling here . This gives firmness to our merchants , and induces us to think we shall not see lower prices for the present . Common Congou has been done at iOid .. usual terms . Other kinds without change . animatedand

      Coffee . —This market continues very , exporters are still strong buyers of all descriptions , at extreme rates . Plantation Ceylon lias been eagerly computed for at public sale , and a further advance of Is . is fully maintained : Native Ceylon is Is . dearer , and finds ready buyers . Mocha : there is more inquiry for this description ;—a large parcel imported via Aden has been sold at good prices . Java and Costa Rica are firm at our quotations . Sugar . —Raw . —The market this week has been rather inactive , and only a moderate business has been done . Prices , however , remain unchanged , good and fine qualities continuing to command very full rates . In Refined we have no change to notice ; our quotations ' are the same throughout , except brown bastards , which are 6 d . dearer . .

      Fruit . —Currants : The . first steamer with new fruit arrived on the 11 th instant , and the price opened as high as 55 s . ; at this rate we understand a good deal has been cleared off in small quantities . Two steamers have since arrived bringing large cargoes , in which is some fine fruit of our own importation , -which we are enabled to offer at more moderate rates . We can scarcely give a quotation of present market value , as samp les were only on show yesterday , and holders of really fine qualities were hardly prepared to accept the low rates at which defers are selling their own importations . We very much fear , from the many various samples we have seen of the present crop , that there will be this year much inferiority , and a want of uniformity in quality , with a consequent wide range in priced In fact , we find , in what are considered fine cargoes , much middling fruit , and it will not surprise us to see the finest fruit fetch full prices throughout the season .

      Spices . —The improved demand , noticed in our last , still continues , and for most articles rather higher prices have been paid . With existing low rates , and the near approach of the season when consumption becomes largor , wo think full stocks may be held with advantage . Gingers , of all descriptions , find ready sale . Jamaica realised yesterday , at public auction , quite 5 s . in advance of previous rates . Nutmegs have been disposed of at higher prices . Black pepper , pf common quality , has been in large demand for shipment , and is rather dearer . Pctre firm . Rice . —This article keeps very steady . Americandressed Carolina is rather dearer . Meal is in good demand , but soarco .

      Untitled Article

      Extension of tub Port of Bristol , '—A crowded meeting was held at the Guildhall , Bristol , on Wednesday , ' this Mayor in the chair , to consider the possibility of providing accommodation for the largost class of ocean steamers . Mr . P , \ V . Mills moved a resolution , that tho accommodation should bo provided ; Mr . Flu ^ el seconded the resolution . Mr . linker , chairman of the Groat Eastern Company , addressed tho meeting , and statod his belief that in a fow weeks a company would ho formed to take tho Leviathan and complete lior . Ho also expressed his opinion that With propor accommodation Bristol -would bo admirubly adapted for her reception . Tho resolution was carried , and a committee appointed to oo-opovato with tho Chamber of Conunorco to carry it into effect . A subscription also was sot on foot at tho mooting . ^ HiWflnSHiPWNcrlNTntlttST . -ss W ' o arb ' h ' appy to bo able to announce that tho shipowners of Exeter are about to

      take very dooidod action hi tho matter of non-reciprocating atatos , and that a general meeting will bo hold tho » rst week in January to consider how thla importuntob-Joot is to bo bost advanced . From all wo can loam tho movement promts to bo united } and the moult of an application to Parliamont , if an application to tho Government should fall , cannot bo doubtful . —Myywy ,

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      BANK OF ENGLAND . An Account , pursuant to the Act 7 th and 8 th Victoria , cap . 32 , for the week ending on Wednesday , the 15 th day of September , 1858 . ISSUE DEPABTMEKT . £ £ Notes issued 32 , 433 , 960 Government debt .. 11 , 015 , 100 Other securities ... 3 , 459 , 900 Gold coin and bullion ...... 17 . 958 . 9 C 0 Silver bullion ——£ , 32 , 433 . 960 £ 32 , 433 , 960 BANKING DEPARTMENT . £ . £ . ~—Proprietors' capital 14 , 553 , 000 Government secu-Resfc :.. 3 , 369 , 116 rities ( including Public deposits ( in- Dead Weight Anoluding Exche- nuity ) 10 , 970 , 511 quor . Commission- Other Securities . 15 , 311 , 274 era of National Notes 12 , 279 , 070 Debt , Savings' Gold and Silver Banks , and Divi- Coin 689 , 955 dond Accounts ) .. 8 , 041 , 078 Other deposits .... 12 , 201 , 059 Seven Day & other 131 Us 759 , 560 £ 80 , 251 , 713 £ 39 , 251 , 718 . ..... . M . MARSHALL , Chief Cashier . Dated tho 10 th day of September , 1868 .

      Untitled Article

      CITY , Friday Evexin'g . The moneyed interest has presented no remarkable feature this week . The applications for . accommodation were restricted , and have been readily met at the low rates which have ruled for some time past . The Bank has not increased its discount business , and notwithstanding the unintermitting flow of bullion towards this country , and the gradual and continuous accession to the mass of gold in its cellars — circumstances which apnarentlv call for some operation which shall

      have the effect of drawing off this surplus into commercial channels—the directors steadily adhere to their minimum rate of discount . Indeed , as far as bill discounting is concerned , the Lombard-street houses are independent of the Bank . They find as much money placed at their command as they can freely employ in this direction , and , further , they find that the quantity of good commercial paper is very limited . This is not to be attributed sa much to the difficulty in getting discounts as to the fact that merchants and traders themselves are vastly more careful in their transactions . The lessonof 1857 has . not been wholly

      , without its fruits . A commercial crisis such as we have just passed through will , be unlikely to occur for many years to come . The wholesale manufacture of accommodation'bills will never again take the semblance of legitimate business . We shall always havr . accommodation bills to a certain extent , but then joint-stock banks and IJombardstreet discount-houses will not again so readily accept such paper , for they feel tolerably well assured that in case of emergency they must keep this paper in their own hands , as the Bank of England would remain steady to its purpose of not ¦ re'discounting or affording advances on such

      securities . An important question is now under consideration in the banking circles , —that of limited or unlimited liability . With the recent Livepool decision regardin g the responsibility of directors , we should say that it would be impossible to establish a jointstock banking company except on the principle of limited liability . The half-yearly Court of the Proprietors of the Bank

      pf England took place on Thursday , Mr . Sheffield Neave , the governor , presiding . The profits for the six months ending August 31 were stated to be 628 , 7701 , making the amount of the rest on that day 3 , 676 , 8687 . A dividend at the rate of 4 £ per cent , for the half-year was declared , leaving the rest 3 , 021 , 983 / . Satisfaction was expressed that , notwithstanding the low rate of interest latety prevalent , a distribution at this rate could be made .

      The London General Omnibus Company , it is reported , will declare no dividend at their next meeting . At a meeting of Central American bondholders , it was resolved to authorise the agents of the Government of Guatemala to deduct 2 k per cent , on all future dividends us a remuneration fbr the services of the British Consul there in adjusting the foreign debt of the republic . A similar arrangement was also adopted with regard to the States of Nicaragua , San Salvador , and Honduras , to come into operation whenever a satisfactory settlement of the debts of those States shall have been obtained .

      Messrs . Portelli , Schombri and Co . ' s creditors met ou Thursday , liabilities 42 , 000 / ., assets 9300 / . The accounts wore in a bad and imperfect condition , and a good deal of suspicion and dissatisfaction was expressed at some of tho financial transactions of one of the partners . An , adjournment , was agreed to . ' ..,.... . Acceptances of Messrs . Ascoli , Hartwig , and Co ., of Manchester , wore not met on Friday . The firm wore connected with Portolli , Schombri , and Co . Tho European and American Steam Shipping Company have issued a circular to thoir shareholders , notifying thnt they have mado an arrangement with Messrs .

      Croskoy and Co . for tho settlement of all mutters in dispute botweon that firm and tho board . Messrs . Oroakey and Co . arc to pay into tho hands of the directors 80 , 000 / . forthwith , on tho attachments being removed , and arc to fiml tho money for sending the Lady Jooolyn ami Caluutlu to sea . A company of French capitalists are purchasing all j ^ JAMwOa-tUttJalu ^ a ^ have already bought aomo of tho moro obscure prints , and it id rumoured that their views extond to tho purchaso of some papers in London , which have beon long known to bo in tho market . A now company , to bo called " Tho Groat Stoainship Oownany , " limited , with a capital of 83 , 000 / , in sbaros of 1 / ., is about to bo formed to purchase and comploto tho Groat Eastern . Consols are now quoted exactly 07 * . For money the present quotation is 07 i to 8 .

      Untitled Article

      J ^ ^^ i ^^ V : THE LEAPEB . 981

      Untitled Article

      MONEY MARKET AND STOCK EXCHANGE .

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      riiOM THE LONDON GAZETTE . Tuesday , / September 14 . BANKRUPTS . Candido del Negro and Joseph Krauss , Cannor street West , bead , merchants . . Robert . Stimpson Platten , Burnham Market , Nbrfdli tailor . . Samuel Hill , Mecklenburg-square , surgeon . George Joseph Ashton and John Procter , Mark lane , merchants . John Abgent v Fleet-street , licensed victualler . Thomas Moore Smith and Charles Linford , Peterborough , engineers . Samuel Nicholson , Southwark-bridge-road , hat manu facturer . William Salmon , Rattlesden , Suffolk , coal merchant . Thomas LeamasHust Leaman , Paington , Devon , attorney . John Child and John Pickles , Wakefield , contractors . ¦ WELtaHooD , York , wine and spirit merchant . Ann Cooper , Haslingden , domett manufacturer . SCOTCH SEQUESTRATIONS . Charles M'Do ^ ald and Thomas Russell , Glasgow , builders . David Baxter Brown , Dundee , auctioneer . Friday , September 17 . BANKRUPTCY ANNULLED . Pizzett Vincent , Great St . Helen ' s , City , printer . Joshua Shuskfokd , Lambeth , builder . BANKRUPTS . Charles John Howes , Uxbridge Middlesex , hotelkeeper . John Palmer , Worcester , hop merchant . Absai-om White , Southampton , grocer . Thomas Bulpit and Joseph Peakman , Birmingham , metal refiners . ¦•' ¦¦ . ' . Joseph Moses , White-street , Cutler-street , Houndsditch , metal dealer . John M'MiLLAN , Liverpool , licensed victualler . Abraham Wardletvorth , Prestwich , . Lancashire , 7 * SCOTCH BANKRUPTS . Alexander Pirie , Aberdeen , baker . Chables Gordon , Glasgow , factor . Benjamin Onet , Dumfries , draper . ~ James Virtue and Son , Glasgow , commission agents . Robert Service , Helensburgh , joiner . Isabella Latta , Dumbarton , partner of the Western Bank of Scotland . Thomas Kearslev , Port-Glasgow , metal and wood dealer . Allan Granger , Airdrie , Lanarkshire , bookseUei \ ——JoH > f Gillanders , Elgin , innkeeper .

      Untitled Article

      Destruction op Crops in Russia . —Advices from Nicolaieff , of the 19 th of August , announce the destruction by locusts and hot winds of the grain crops in the Russian territory within the Black Sea . Over Kherson a cloud of locusts recently passed , full 25 miles ifi length , but without alighting thereat . Much distress prevails , . and prices are almost at famine rates . A great deal of wheat , injured by rain at harvest time , had been shipped from Taganrog for Malta and other Mediterranean ports . Austrian Railroads . — Tho Lorabardo - Venetian jC ^ fl pany ^ Jiaa ^ ftaqniccd ^ poseoasion-of ^ eoveral-Austriaji--railroads . Tho company hao got tho property at such an exceedingly low price that it oannotbut realise enormous profits , SUNDKULAND AND DUUHAM DISTRICT BANK . —WO CNowoastle Daily Clironiole ) are authored to atnto that the tlrst instalment of 150 , 000 / . has beon paid to the liquidators by tho Now Dorwent Iron Company lor tno nurahnso of tho Derweut Iron Works , and that satiafactory soourity , has beon givon for tho payuiout of tho remaining instalments .

  • Citation
    • Leader (1850-1860), Sept. 18, 1858, page 981, in the Nineteenth-Century Serials Edition (2008; 2018) ncse-os.kdl.kcl.ac.uk/periodicals/l/issues/vm2-ncseproduct2260/page/29/