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Leader (1850-1860), 12th February 1859, Edition 1 of 2, Page 219, Untitled Article

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      Untitled Article

      their discretion with the opposition scheme now pending Wore Parliament , were duly proposed and carried . At the half-yearly meeting of the Oxford , Worcester , and Wolverhampton Company on Thursday , a dividend at the rate of 6 per cent , per annum on the first guaranteed stock , and 8 per cent , per annum on the second guaranteed stock , was agreed to . - ' The half-yearly meeting of the Cork and Bandon shareholders was held on Wednesday . Everything passed off very satisfactorily , and the directors recommended dividends to be paid on the No . 1 preference shares at the rate of oh per cent ., and on the No . 2 preference shares at the rate of 5 per cent ., both to be paid on the 1 st of March . The report was adopted .

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      JOINT-STOCK COMPANIES . A gpnkkai . meeting of the Great Ship Corniyany is called for the 25 th instant . " An injunction in the Vice-Chancellors'Court has been obtained by the Phoenix Assurance Company ( proprietors of the well-known fire-office in Ziombard-str . eet ) , to restrain the newly-constituted Phoenix Life and Marine Office from carrying on business as , or using the name of , the " Phoenix . " . Assurance Company of London . The directors of the Oriental Inland Steam Company announce that , in consequence of the demand for steam vessels upon the Indian rivers , they have resolved to double the company ' s capital . A meeting of the Atlantic Telegraph Company is called for the 23 rd instant , for the purpose of further considering the present position of the company's affairs . A general meeting of shareholders in the Chartered Bank of India , Australia , and China is called for the 25 th instant , when a dividend is to be declared . At a meeting of the Mediterranean Extension Telegraph Company , Mr . S . Gurney in the chair , the report was adopted unanimously , and a dividend declared for the past half-year at the rate of six per cent , per annual . The defect in the cable between Cagliari and Malta . bas been repaired , and through communication re-established . . Nothing certain can be stated as to the cost incurred by the accident , but it is estimated at about 1000 / . A portion of the cable raised from a considerable depth in the sea was found to be as perfect as when it was first laid down .

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      BAN ^ v ENGLAND . An Account , pursuant to the Act 7 th and 8 th Victoria cap . 3 : 2 , for tho week oudius ou Wednesday , the Oth day of February , 1850 ; ISSUE DEPARTMENT . £ ¦ I £ Notes issued 33 , 21 U , 570 Government debt .. 11 , 015 , 100 Other securities ... 3 , < tOfl , yOO Gold coin and bullion 18 , 708 , 670 Sllvor bullion ¦ 333 . 2 J . 3 . 370 ' * 33 , 2-43 , 570 BANICINa BEF-UITMENT . £ . I A . JPropr iotors ' capital M , D 53 , 000 Government socu-JRost ... 3 , 300 . 61 ) 0 ritios ( including Public deposits ( in- Doad Weight Anoluding EJcoho- nuity ) , 1 O , COG , U 7 quer , O 6 mmission- Other Soouritios . 10 , 512 , 800 era of National Notes ... 13 , 025 , 080 Pobfc , Savings' Gold nud Silver Hanks , and Divi- Coin , 002 , 135 dond Accpunta ) .. 7 , 320 , 287 Other doposifca .... IM&lfiW Bovon Day & ofchor Bills , 703 , 013 _______ £ 40 , 020 ,. 170 iM , Q , 520 , < 170 * isr , MARSHALL , Ohiof Cashier . Dntod tho 10 th day of I ^ obruary , 1850 .

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      REVIEW OF THE WEEK . Mincing-lane , Friday Evening . In those branches of trade which depend upon our Continental connexions , some improvement has followed the more hopeful light in which political affairs are regarded , and although the improvement is as yet but partial , it is accepted as satisfactory evidence of what might be expected were the fears of war entirely dispelled . In the home trade but little if any change is apparent , both demand and values continuing to exhibit their wonted steadiness ^ Corn . —The features of the corn trade have not varied materially . Supplies of both English and foreign wheat have been only moderate , but the condition of the former having been deteriorated by the prevalent wet weather , purchases of such have been made with reserve , whilst the few good dry samples offering have been readily placed , current quotations remaining about as before . Prime dry old white , 50 s . to 52 s . : select qualities of new , 47 s . to 49 s . ; runs , 45 s . to 46 s . ; prime old red , 44 s . to 4 Gs . ; new , 43 s .. to 44 s . ; good runs , 41 s . to 42 s . ; fair , 39 s . to 40 s . ; soft , 37 s . to 38 s . Foreign is still steadily held , but the demand is very moderate . For the . primest white Dantzic 54 s . to 55 s . asked ; good mixed , 5 Os . to 52 s . ; Brabant and Louvaine white , 45 s . to 46 s . ; red , 43 s . to 44 s . ; St . Petersburg , 40 s . to 42 s . ; Archangel , 34 s . to 35 s . per qr . Flour is still purchased for immediate requirements only , but prices are steady . Top price of town-made , 40 s . ; town households , , 3 , 3 s . ; - country ditto , 3 Is . to 32 s . ; whites , 33 s . ; prime seconds , 29 s . to 30 s . ; best Norfplks , 28 s . ; French , 33 s . to 37 s . per sack . American brands , 23 s . to 25 s . ; sour , 20 s . to 21 s . per barrel . Malting barley from its scarcity comr mands recent high prices fully , and the arrivals of foreign having moderated , these descriptions are firmer , and in some eases 6 d . dearer ; sweet samples of Black Sea import bringing 23 s . per 50 lbs ., whilst some decline to sell at - that price . Malt is difficult to quit ; even the finest sorts meeting , but a retail sale are quoted 6 Gs . ; ship samples , 63 s . to 64 s . ; inferior to fair , 55 s . to 60 s . Beans are firm in price , with moderate imports ; English seeding- qualities in request . Peas of all descriptions are firm in price . Choice Scotch oats for seed have brought rather better prices , and all good horsecorn has been well supported . CORN ARRIVALS . English . Irish . Foreign . Wheat ' ... / .. qrs . 8 G 22 — 5440 ' Barley ... „ 2854 — 2440 Malt „ 1 G . 03 S — — Oats „ — G 02 o 8556 Beans „ — 1825 877 Peas ............... „ — 473 — LONDON AVERAGES . Qrs . s . d . Wheat 4303 at 44 8 13 arloy 374 „ 33 3 Oats 3064 „ 22 11 13 eaas 424 „ 38 9 Peas 211 „ 41 5 Skuus . —Arrivals of linseed are uuusually large , being 27 , 000 qra ., nil East India , but the demand has been active , and prices have inclined in tho sellers'favour . Only two cargoes of Black Sea seed arc now off the coast undisposed of ; the last price paid was 52 s . 6 d ., delivered U . K . On the spot Bombay is worth 55 a . to 55 s . O ' cl ., and Calcutta 51 s . 6 d . to 53 s . as to quality . _ Tho demand for rapeseed is chocked by tho expectation of an early and abundant crop on the Continent , but any intervention of severe frost would prove highly critical , and tho effect on prices would bo considerable , Fine Calcutta is quoted at 51 s . ; fine Bombay Guzerat , Cls . to 02 s . ; Forozeporo and Scimlo , 40 s . to 54 s . 5 tool , sesame , and Gingolly are negloctod and merely nominal in value . Oil-caUo has mot a moderate sale : boat oblong , 0 / . 15 s . } KTow York , and Baltimore , hi brls ., 10 / . 7 s , Gel . to 10 / . 19 a . Undecorticatcd cotton seed cake sells at 5 / . 5 s . per ton . ' llopa—Fino samples continue in good demand , with an upward graduation in price . Tho lower qualities are also improving in demand and price . ' Mid . and East Kont , 9 tts . to 110 s . } middling , C 2 s . to 80 s . 5 Weald , 05 s . to 663 . Potatoes . —Supplies are moderate , and a fair domand prevails at tlio quotations : — 'York Regents , 90 s . to 100 s . ; Scotch , 70 s . to 80 s . 5 Cups , 60 a . to 80 s . i Fronoh , 45 s . to 65 s . per ton . Livfl Stock . —Tho Bhow of livo stock has boon of nn avorago both as to quantity and quality . The trade has been heavy , but prices aro in general pretty steadily maintained . Tho following wore tho numbers at market , and current quotations : — Monday . Boast . "Sheon . Calves . Pigfl . 401 10 , 600 133 100 4 , s . 0 d . to -As . lOd . 4 > a . Oa . to 08 , ad . 'la . 2 d . toI 5 s . oa . ; OH , oa . to ; ft . 8 J . Thursday . 0 O 0 4 , 100 800 180 ¦ IS . Od . tO'ltf . 10 U . < ta . Oa « to 0 s . 2 d . 43 . 0 « . to Os . Ow . 3 s . dd . to 3 s . 8 a .

      Provisions . —At Newgate and Leadenhall the supplies during the week have been moderate and prices firm , but this morning there : was rather more on offer . Beef made 4 s . to 4 s .. 2 d . for prime ; 3 s . 8 d ; to 3 s . lOd . for second ; and 2 s . 8 d . to 3 s . 4 d . for inferior . Mutton , 4 s . to 4 s . 2 d . for Downs ; 3 s . 8 d . to 3 s ., ' lOd . for middling qualities ; and 8 s . 2 d . to 3 s . 4 d . for ewe and inferior . Veal , 4 s . to 4 s . 4 d . Pork , 3 s . to 4 s . 2 d . per stone . Hiites .-t—At the public sales of East India hides 154 , 789 kips , 13 , 764 tanned ditto , 5822 buffalo were offered , and 110 , 898 kips , 10 , 288 tanned ditto ; 4916

      buffalo sold . There was a steady demand for most de ^ scriptions at late rates to £ d . per lb . decline ; but heavy and extra heavy averages were in request at full prices to £ d . per lb .. advance . Buffalo hides sold rather more freely at full prices . Import from 1 st January to 10 th February , 1859 , 361 , 744 hides ; ditto from 1 st January to 11 th February , 1858 , 284 , 424 ; sales from 1 st January to 10 th February , 1859 , 404 , 958 ; ditto from 1 st January to 11 th February , 1858 , 193 , 470 . Present stock , 680 , 000 hides . Stock 10 th February , 1858 , 1 , 185 , 000 hides . .

      Oxls . —Linseed meets a steady demand , both for home use and export , at 291 . 15 s . to 30 / . on the spot ; the latter price is offered for deliveries up to March , but 10 s . is generally required . Iiape oil is slow of sale and a shade lower ; foreign , 45 / . 10 s . ; brown , 42 / . ; English brown , 41 / . Considerable sales have been made for monthly deliveries , April to December inclusive , at 44 / . to 45 / . for foreign refined and 40 / . 10 s . to 41 / . for brown . Bombay ground nut or Gingelly , 34 / . 10 s . ; Madras , 397 . ; Niger , 35 / . Olive oils are neglected . Gallipoli

      quoted 49 / . to 49 / . 10 s . ; Spanish , 47 / . 10 s . to 48 / ., and Mogadpr , 44 / . sellers . The sales of cocoa-nut are estimated at 1000 tuns on the spot and for arrival , and Cochin is worth 42 / . to 431 . 10 s . in either position . Ceylon , 40 / . to 40 / . 10 s . Palni oil has advanced—43 / . for fine Lagos—in consequence of the continued rise at Liverpool . Sperm , of which the stock is in few hands , finds ready buyers at 98 / . to 99 / . per tun . Common fish oils are difficult of sale ; pale seal quoted 36 / . ; cod , 3 li . to 31 / . 10 s . ; pale southern , 34 * £ ?

      Whale-fens . —The market quiet ; Davis Straits , 530 / . ; Southern , 380 / . Turpentine . —Rough has been in good demand , and 1000 brls . sold from store , at lls . " Sp irits are likewise dearer ; 500 brls . American in one line brought 41 s ., and 42 s . is now asked . Some English for delivery in April has been sold at 42 s ., without casks . Sugar . —The tone of the market has improved , the general demand having increased , though still not over active . Grainy sugars have fully recovered the recent depression ,, and good refining qualities are very firm , but low soft brown descriptions remain comparatively out of demand . Floating cargoes have also met a better inquiry . The clearances are satisfactory , but the arrivals '

      of Bengal in particular having been heavy , stocks are increasing . West India is still sparingly offered , and the sales confined to 1304 hds . at full prices . Barbadoes , 40 s . 6 d to 4 Gs ., for low to fine yellow * and other imports in proportion . Mauritius have realised 33 s . 6 d . to 40 s . for brown ; 40 s . 6 d . to 46 s . for grocery and refining yellow ; crystallised , 46 s , 6 d . to 48 s . 6 d . ; Bengal , white Benares , 46 s . to 47 s . ; yellow , 40 s , 6 d . to 43 s . 6 d . Low soft Madras on sale were chiefly taken in at 34 s . to 34 s . 6 d . for brown , and 36 s . to 36 s . 6 d . for yellow . A floating cargo Mauritius ( 6800 bgs . ) sold at 43 s . 3 d . ; one of soft Rio Grande at 25 s . 9 d ., and one of soft Havannoh , No . 12 , at 29 s . per cwt ., for the United Kingdom . Refined sugars have mot a moderate sale at steady prices . Brown lumps , 52 s . 6 d .

      CoKtfifiis , —Holders continue very firm . On the spot very little is offering , and full prices arc exacted . Floating cargoes havo been in increased demand for the Continent , and two of Rio have changed hands , the one at 46 s ., for Hamburg , the other at 47 s . 6 d ., for tho Mediterranean . Tho statistical position of the market has not undergone any change worthy of remark . Tea .- — Largo public sales in the earl y part of tho week resulted in a decline of £ d . per lb . on tho ordinary descriptions of congou , and common was quoted Is . 0 ^ d . at tho cloao of the sales , fiavoury teas supporting their value fully . Subsequently tho market ralliod under tho

      influence of tho China nows , and with some incronse in purchases common congous wore again quoted 1 b , Id . Tho now crop of congou , arrived by tho Gairngoria and Lanunennuir , met eonuiderahle attoution , llio finest bringing 2 s , 4 d . to 2 s , Od . por lb . The ahipmonta from China aro advised by the presont mail at 23 , 900 , 000 lbs . against 28 , 224 , 000 last year , and higher prices woro paying both at Shanghao and Foo-Ghow-l « oo . The arrivals into London this wools aro the Spartan , Now Groat Britain , Cairngorin , and Lammermuir , with an aggregato of 3 , 827 , 800 lbs . Tho quantity afloat is 17 t 2 UAQQ lba . against 16741 , 050 lbs ; in 1808 .

      , liloK With a quiot market prices aro firm . Tho sales inohulo about 10 , 000 bags 5 Bengal , at 7 s . 7 j < l . to 9 a . : Arraoau , 7 s . 0 U . ; Aux Moulmftin , at 8 e . SAi / wuiTKU . - —Although Jleas active , tho murkot has boon firm , and prices havo ranged from 80 s . to 448 . for 15 j to 2 £ por oont , on tho spot , and 4 . 0 s . for arrival . About 1200 tuna have arrived , but thoflo will bo required to moot tho recent conwklorablo purchase . Calcutta lottors give steady shipments , with largo stooks at

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      Kb . 4 &K OFebruaby 12 , 1859 . ] THE ; LEADED . 219

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      Buxs for Railways . —Mr . Frere , the examiner , has disposed of the following bills : —North Staffordshire Railway—the standing orders not complied with . Metropolitan Railway ( abandonment of the undertaking , &c . )—the standing orders not complied with . Gbbat Southern of , India Railway ;—It appears that the estimated cost of the first section of the railway from Negapatam to Trichinopoly being now fixed , with the sanction of the Secretary of State for India in Council , at 500 , 000 / ., that amount only will be called up . Any scrip certificates remaining unregistered on the 26 th instant are to be cancelled , and the money paid thereon forfeited to the company .

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      Mbssrs . Calvkut an » Co . —A mooting of creditors of this flrox was hold ou Tuesday , whou a vory elaborate atklroBs was made by Mr . WilUam Smalloy , showing tho different phases of the liabilities , & « ., under various assumed ciroumstanoos , which rosultcd in tho unanimous uotennihaUon to oontlnuo tha powers of tho inspectors , and to amalgamate tho two oatatos , thus relinquishing « U fwrtUor litigation a » to tho distinction botwoon creditors of tho Arm « s oonBtltutod prior to 1850 and as it oxlatod'ot tho time of tho eusponsion . A resolution to the following effect was oarriod with acolamutlon ;—"TUntJn tho opinion , of tlita mootintj It is » ot ospodiont to contQBt tho rights of tho creditors whoso debts woro not talton over by tho now firm to rank aa oroditora of ttto oxlstjna firm . "

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      HOME , COLONIAL , & FOREIGN PRODirCE MABKETS .

  • Citation
    • Leader (1850-1860), Feb. 12, 1859, page 219, in the Nineteenth-Century Serials Edition (2008; 2018) ncse-os.kdl.kcl.ac.uk/periodicals/l/issues/vm2-ncseproduct2281/page/27/