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Leader (1850-1860), 27th November 1858, Edition 1 of 2, Page 1299, Untitled Article

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      Untitled Article

      Provisions . —Newgate and Leadenhall are glutted trith meat of all descriptions , and the change mJhB wea-JLer Sg against trade , prices are lower . Mutton , is more especially depressed . Beef ranges from 2 s . to 4 s . ; SuttoS 2 s . 4 < L to 3 s . 8 d ., a few very choice may make mutton , « and 3 s > tQ 4 a per fibs . fe-ftftSi Butters dull of sale , and fine Iriesland , 2 s . lower . Bacon of the pnmest cures , not qU SxSL-At Monday ' s market there was a good demand for beef , and there T * ing but a small supply , prkes advanced ' 2 d . per stone ; but on Thursday trade was again dull , and the advance was lost . Sheep have been in slow demand throughput , and prices have been ia the buyer ' s favour . Veal and pork , although not very saleaWe , remained about as last quoted . The following were the numbers at market , and prices quoted : — Monday .

      scarce , and 41 / . readily paid . S perm in better demand , and sales of American made at 85 / . Pale seal offers at 371 . ; pale southern , 351 . ; cod , 317 . to 31 ? . 10 s . WHAiiB-FtNS . —The only parcel of Polar here is held above current rates . Davis Straits offers at 550 / ., but buyers offer only 5407 . ' Turpentine . —10 s . 6 d . 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 . 6 d . to 39 s . for English . Cocoa . —Small lots Guayaquil have sold at 56 s . 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 . Blackish leaf t kinds have been more in request , and common Congous are reported to have sold at lOJd . At public sales of 12 , 000 packages , 7000 sold at full prices . Fkdits . —Fine currants scarce , and 52 s . paid . Valencia raisins in limited demand , 38 s . Figs scarce , and making low prices . Dyes . —Cochineal has further declined Id . per lb . < arrivals having increased . SafHower firm but quiet Redwood and limewood realise steady prices . Gabidiek is rather easier to buy ; fair sold at 15 s . 3 d-Cutch is Is . lower ; fair quality sold at 31 s . 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 , bar ? made 53 s . Gd . to . 53 s . 9 d . Copper has been advanced 4 Z . 10 s . Tile is now 102 ? . 10 s . per ton . Sheet , ll £ d , 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 . 6 d . to 22 / . 10 s . ; 100 tons spring shipment , sold at 22 / . 7 s . Gd . Foreign tin is again higher , Banca realising . 124 / . ; a rise in British is consequently expected . Cotxon . —At Liverpool prices have been steady , and the week ' s business adds up 39 , 890 bales . In London , 2300 bales Surat have sold at the full value of 5 d . to 5 sd . for ord . to fully fair , and 400 bales Madras at 6 d . to 6 ^ d . fo r fair to good fair Tinnevelly , being in the latter case a decline of Vd . from the late highest point .

      Tallow . — The trade have purchased less freely during the present week , and the market has been flat , at a trifling reduction in consequence ; but ifc seems to be acknowledged that the home supply is still short , and that it is doubtful whether any increase can take place till aftor March , the Christmas week exeeptecL , 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 lies from

      moment to the present consumer . The 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 cks ; there seems , therefore , to be little cause for alarm either to present holders or consumers . Sales close flat at 50 s . Gd . to 60 s . 3 d . spot ; 60 s . to 49 s . 9 d . all year ; 60 s . 3 d . spring ; 51 s . March ; 60 s . April , June ; ft » d 50 s . Oct ., Dec , 1859 . The public sales to-day were small ; but Australian sold freely at 48 s . Gtl . per cwt . Town tallow , 54 s . 3 d . ; rough fat , 2 s . lOd . ; melted stuff , 37 s . Gd . .

      South . Ameiuoan Mines . — -Tug recent advices from tho , River Plate regarding the gold discoveries wore wrong in describing them as situated in the province of Buenos Ayres , They are in the province of San Luis , which is one of the States that constitute tho Argentine Confederation , and have boen worked by tho natives in an imperfect manner for several years . There seems little doubt that they ore of great extent , and might be very productive , and also that from the proximity of San Luis to Buenos Ayroa 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 capitul . This diatriot is alternately flat and mountainous , containing woods , lakes , and rivers , and tho soil is much varied , having mines of gold , copper , silver , load , iron , &c . Tho second division is to tho south and south-east of tho city of Sun Luis ,

      approaching from tho river Quinto , and is mostly an immense pruirio , -which is again beginning to bo ropeopled with establishments for herds . To tho north stretch the mountains of Carolina which have given their names to tho gold minos . Tho richost valleys aro Honda , Arenila , and lbuvansso . About COO poreona aro employed in socking for gold , but they aro totully without energy , and U 8 O only tho most imperfect moans . At certain seasons they dig up tho earth and wash it in wooden bowls , and in this fooblo ami desultory manner annually find from 4500 to 5000 ounces ; they hardly tako the trouble to find onough for thoir maintenance and clothing . The copper and silver load mines of San Luis lmvo boon -worked over since tho Spanish domination , ami have rooontly undergone oxplomtion . Thoso of San Barbouz and San Francisco aro eaicl to givo from 16 to 80 por cent , of copper , and thoso of Sun Juan from 10 to 15 tuAroa of silver por 50001 b . of mineral .

      Beast . Sheep . Calves . Pigs . 4 360 22 , 900 99 2 S 0 3 s 10 a . to 5 s . 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 . l 0 d . Thursday . 1433 3 , 850 ISO 170 3 s 8 d . to 4 s . 10 d . 3 s . 8 d . to 4 s . 10 d . 4 s . 0 d . to 4 s . 8 d . 3 s . 0 d . to 3 s . l 0 d . Coals . —With increased supplies , house coals declined € 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 . Sugar . —Refiners and exporters have purchased

      somewhat freely , and with very moderate supplies offering , suitable descriptions are 6 d . to Is . dearer . Grocers still lend very little support to the market , and sugars from 41 s , 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 46 s . Gd . for brown to fine grocery ; Tobago at 38 s . Gd . to 41 s ., and other imports 37 s . to 44 s . Gd . ; 50 O 0 bgs . Mauritius , low to good mid . yellow , 40 s . Gd .

      to 43 s . ; low to good brown , 33 s . Gd . to 38 s . Gd ; 10 , 000 bgs . Bengal , chiefly for exports , at 32 s . Gd . to 34 s . 6 d . ; the remainder for consumption ; Cossipore at 47 s . to 47 s . Gd . ; syrups , 46 s . to 46 s . Gd . ; Yellow Gurpattah , 39 s . to 43 s . 6 d . ; Benares , common to good white , 46 s . 6 d . to 49 s . ; 2000 bgs . Madras at 32 s . Gd . to 36 s . Gd . for low to middling date ; 5000 bxs . Havannah at 42 s . 6 d . to 46 s . for low to fine yellow ; 1000 bgs . brown Pernambuco at 38 s . Gd . ; 1000 hds . of Cuba Muscovado at 37 s . 6 d . to 39 s . for brown , and 40 s . to 44 s . 6 d . for yellow ; 1200 bgs . Baliere at 40 s . Gd . to 46 s . ; and two floating cargoes Havannah , the one , No . ll £ , at 29 s ., for Plymouth , the other , No . 10 to 1 O | , at 28 s . Gd ., for

      a near port . Coffee . —With continued short arrivals , the stock is further reduced to 7690 tons , being 1200 tons less than fcbatbf 1857 at the same date . The better qualities of Brazil have been more inquired for , but there is very little to bo had . The'few parcels brought to public sale have sold very unevenly . Plantation Ceylon at G 9 s . to 73 s . for middling to good bold colony ; Tellicherry at 50 s . 6 d . to 51 s . for fine ord . mixed ; Kaidoobatum at 78 s . Gd . to 87 s . for good and fine ; Malabar , 55 s . per cwt . Some small lots of Native Ceyloa have sold at 49 s . Gd . to 51 s . Gd . per cwt . A floating cargo of good and superior firsts Rio sold for a near port at 45 s . 6 d . per cwt ,

      Rice .. —A good steady demand has prevailed at about tho rates current in tho previous "week . Tho sales amount to 45 , 000 bgs ., principally of tlie soft descriptions . Necrauzio , 7 s . 3 d . to 7 s . 6 d . ; low Rangoon , 5 s . 9 d . ; Madras , 7 s . 8 d . ; Bengal , 8 s . to 9 s . 6 d . for low to middling white , and Moulmein for tbe Continent , at 7 s . Od . floating conditions . Tho deliveries keep up to tho average of 1200 to 1300 tons weekly . Saltpetre . —The stock is now only 2700 tons , and is firmly held , but purchases nro mado sparingly . Tho week's business is about 4000 bgs . on tho spot at 42 s . 6 d . for 0 to 18 por cents ,, and 43 s . Gil . for 6 k , and about 200 tone for arrival at 42 s . to 42 s . Od ., according to poriocls of shipment . Refined advanced Is . por cwt .

      Smoes . —Ginger moots a ready snlo at full prices . Jamaica , common to middling , 70 s . to 88 s . ; Calicut small , 78 s . to 78 s . Cd . ; middling 88 s . to 84 s ., bold 87 s . to 90 s ., duty paid ; rough Bongal , 15 s . to 10 s . 6 d . in bond . Cassia Lignoa is dull of sale , a largo consign ' uient being close at hand ; 400 bgs . in auction , woro chiefly bought in at 98 s . to 100 s . for seconds , and 102 s . to 105 s . for mid . to fair firsts . Small sales of Malabar popper made at 4 s . 4 d . for fair heavy . The little white popper available is hold ut high prices , but arrivals

      lioing oxpoctod , tho trade buy only for tho tnost pressing orders . in other spices nothing of moment has transpired . Oils . —Linseed advanced to 29 s . Gd . on tho spot , und 80 s , for monthly deliveries from January to Juno . Rape eolla at rather easier prices . English brown , 41 / . to 41 / . 10 s . ; foreign , 48 / . ; foreign refined , 4 . 01 , 10 s , ; Bombay ground nut and glngelly , 34 / . to 04 / . 10 s . ; Madras , 88 / to 88 / . 10 s . Olive is aguin dearer . Gallipoli , 60 / . ; Corfu , 41 / . ; M , ogadoro , 4 . 0 / . Many holders aro not eollors at thoso prices . Cocoa-nut soils steadily at 88 / * w Coylon , and 40 / , to 41 / . for Cooliln . JMno palm

      Untitled Article

      BANK OF ENGLAND . An Aooount , pursuant' to tho Act 7 th and 8 th Victoria , cap . 82 , for tho week onding ou WoduoBday , tho 24 th day ol ' Kovombor , 1858 . ISSUE DErAETMEKT . £ I aS Notes issued 82 , 009 , 480 Government debt .. U , O 15 , 1 O ( Other securities ... 3 , 450 , 00 c Gold ooin and bullion 18 , 131 , 48 ( Silver bullion £ 83 , 000 , 480 £ 32 , 009 , 480 DANKINO DEPARTMENT . X . £ . Proprietors ' capital 14 , 503 , 000 Govornmont soou-Jftosl a , 103 , a 08 rltios ( including tfubllo deposits ( In- Dead Weight AnoludinB ExoW nuity ) ,. 7 ....... 10 , 808 , 001 quor . Commission- Other Securities . Jg . 383 , 774 ors of National Notes ...... 12 , 251 , 030 Dobb , Savings '' Gold and Sllvor Bn-nke , and Divl- Coin 0 * 5 , 800 tlond Acoaunts ) .. 7 , 071 , 70 !) Oblior deposits .... 12 , 880 , 801 Sovon Day & other Bills " .. ' 830 , 817 f £ onnoa o . in £ 80 , 020 , 215 £ 80 , 0 ^ .- ^ AIWHALi ,, Ohlof Oashtor . Pdtod tho aotli day of NovoroUor , 18 < J 8 ,

      Untitled Article

      ¦' . " ' - f ' ¦ ' ' ¦ . * ¦ w » AS 3 . November 27 , 1858 . ] T-H E 1 E A D E B . 1290

      Untitled Article

      Feidat Evening . Mokey continues to be very abundant . The besi 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 Eol itical arch that now oyersparis Europe , and his ite 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 ad ditional 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 Xiesseps in forming a canal betwixt the lied Sea and the Mediterranean , he must feel great satisfaction in knowing , as announced in las journal JJIsthme 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 the company is fixed . A loan to Chili was brought iii the market yesterday by Messrs . Barings Brothers , and Co . The sura is to be 1 , 554 , 800 / . 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 tU of May next , with an allowance at the rate of 3 per cent , -for- prepayment . " The home debt of Chili is about iS 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 1857 amounted to 6 , 419 , 142 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 capitalists 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 , but nothing sufficiently definite is known concerning it to enable us to form any opinion as to its feasibility . Tho 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 tho reserve to Jtho extent of upwards of COOjOOOA

      Untitled Article

      MONET MARKET AND STOCK EXCHANGE .

  • Citation
    • Leader (1850-1860), Nov. 27, 1858, page 1299, in the Nineteenth-Century Serials Edition (2008; 2018) ncse-os.kdl.kcl.ac.uk/periodicals/l/issues/vm2-ncseproduct2270/page/27/