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Leader (1850-1860), 21st May 1859, Edition 1 of 2, Page 653, Untitled Article

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      Untitled Article

      Inielligence . ] THE LE 1 DEB , 653

      Untitled Article

      Friday Evening . Tbade continues everywhere to some extent paralysed by the war . Yet some business has been done in sugar in the week for Mediterranean ports , Otherwise all the colonial produce markets are extremely dull . The corn market ^ on the contrary , is rather animated . People begin to speculate on increased wants and diminished supplies ; and on Monday , as we stated last week would be the case * the corn market advanced 3 s . It is firm to-day . An export of oats , for the use , as is supposed , of the

      French army , continues , and was both increasing the consumption and stopping production . Corn is likely to be dearer . With pur immense trade to all parts of the world , much of it being indirectly , as well as directly , concerned in supplying the belligerents , it is impossible but we must suffer very severely from any extensive war ; and it is our interest and our duty , therefore , to check the present war to the utmost of our power ; and , if we can , it is our duty to put a stop to it . Failing in this , we must exert ourselves to observe and enforce on pur Government the observance of a strict neutrality . '

      Untitled Article

      Friday Evening . The arrivals this week of foreign wheat have been moderate , but small of all other grain . This morning ' s market was badly attended , and the few runs of English wheat fresh up remained unsold , although offered at Monday ' s prices . There did not appear to be buyers of foreign ; and to have forced sales for which no disposition was evinced , a decline of at least Is . to 2 s . per qr . would have " been necessary . Barley is in fair demand at Monday ' s quotations . Beans and peas are unaltered in value . The oat trade is very firm , and in some instances an advance of 6 d . per qr , obtained . In flour there is very little doing .

      Cotton ,- —At Liverpol there lias been rather more doing to-day , the sales amounting to 8 , 009 bales , including 1 ^ 000 on speculation and for export , but at somewhat irregular prices , the market being well supplied . Tea . — -Our market is scantily supplied with samples . Although the demand is by no means active , prices are well supported . Common sound Congou is selling at Is . 2 d , per lb . Sugar . —For good and fine raw sugars there ha 3 been a fair demand at full quotations . All . other kinds have met a dull inquiry at barely late rates . West India has changed hands at 36 s . to 44 s . ; Bengal , 37 s . to 44 s . 6 d . ; Mauritius , 34 s . to 45 s . ; and white Pernambuco , 43 s . to 44 s . per cwt . Refined goods are heavy , and common brown lumps may be purchased at 51 s . 6 d . to 52 s . per cwt ., being rather cheaper . In pieces very little is passing .

      Other oils are a slow sale . Spirits of turpentine move off slowly , at 43 s to 44 s per cwt . Tallow T . Y . C . is steady at 55 s to 55 s 3 d per cwt . on the spot , and 56 s 6 d to 56 s 9 d for the last three months ' deli very .-

      Molasses . —Our market is heavy , and late rates are barely supported . Coffee . —Good colony plantation kinds have found buyers at previous quotations ; but other qualities have ruled somewhat cheaper . Other coffees are very slow in sale . Cocoa . —Fine parcels are in moderate request ^ at full prices : but all other descriptions are extremely inactive . Rice . — -Although our market has become much less active , the late advance in prices is firmly supported . Mid white Bengal hns changed hands at 10 s . to 103 . 9 d . per cwt . Fruit . —There is more business doing both in currants and rasins . In prices , however , no change hns taken place .

      Coxton . —Our market is very dull , and prices are barely supported . Hemp and Flax . —Hemp is very dull , at 30 * to Qll . for Petersburg clean . Flnx rules heavy , but not cheaper .. Saltpetre . —There is a fair inquiry for this article , both on the spot and for forward delivery , 44 s . Od . to 46 s . having been paid for 13 i to 17 $ por cwt . refraction . Indigo . —This article is very dull , at the decline established at the public salod . Metals . ;—Scotch pig iron has sold nt 48 s . 3 d . cash . The total shipments last week were 11 , 287 tons , against 11 , 385 tons in the corresponding week in 1868 . Spelter , on tho spot , is quoted at 10 / . 15 s , por ton . East India tin is steady at 129 / . for Straits and 131 * . for Banca . Oils ,- —Linseed oil ia in moderate request , at . £ 29 per ton on the spot . Rape is dull at £ 30 to MS .

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      The adjourned extraordinary meeting of the Great Northern Railway Company , fixed for the 31 st inst ., is further adjourned to the 12 tli of July , the bills intended to have been submitted not being ready for consideration , in consequence of the dissolution of Parliament . A special meeting of the Wimbledon and Dorking Railway Company is called for the 30 th inst ., to . approve a contract with the South-Western Railway Company for the maintenance and working of the Wimbledon and Epsom line . At the half-yearly meeting of the Waterford and Kilkenny Railway Company , it was stated that the receipts amounted to 9 , 001 * , 8 s . 2 d ., and the expenditure to 5 , 350 * . 5 s . Id ., leaving a surplus of 3 , 651 * . 3 s . Id . After providing for interest on loans , a balance of 547 * . 5 s . 4 d . would remain to the credit of the revenue . -

      A special general meeting of the West-End of . London and Crystal Palace Railway Company was held on Tuesday , for the purpose of considering and sanctioning the sale or lease of the main line and Norwood branch to the London , Brighton , and South Coast Railway Company . A formal resolution , approving and confirming the agreement was carried ; and a vote of thanks was given to Sir Samuel Peto for relinquising his claim oh 6 , 000 shares of 6 per cent , stock . The directors of the Stockport , Disley , and Whaley Bridge Railwav Company invite tenders for the construction of the railway from Whaley Bridge to Buxton , a distance of 8 f . miles .

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      East Suffolk RAiLWAT .- ^ This line remains unopened , but the necessary certificate has been received from the Board of Trade , and no impediment exists on that score fb its being made available for traffic . The delay rests with the Eastern Union section , between Ipswich and Woodbridge , the Government certificate not having been yet ob 1 tained

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      During the past fortnight the London District Telegraph Company ' s workmen have been actively employed in erecting the poles and wires ou the house-tops along the Kennihgtpn-road . The whole of the works on the Surrey side , it is expected , will be completed in two months time . At the half-yearly meeting of proprietors of the Provincial Bank of Ireland , the dividend announced was at the usual rate of 4 per cent , for the halfyear , and it is proposed to pay in July next an extraordinary dividend of 30 s . per 100 * . share , and . 12 s . per 10 * . share . The report was adopted . A 6 tormy meeting of shareholders in the Western Bank of London took place on Thursday , at the

      Thatched House Tavern , St . James ' -street , Mr . J . A . Roebuck , M . P ., in the chair , when resolutions were passed for winding up the Company , and transferring its business to the London and County Bank . Three liquidators were accordingly appointed . During the last two months the affairs of this establishment have been in a critical state . Tho auditors imputed irregularities to the manager , Mr . Clack , and induced the board to suspend him for a period of some weeks . They also disapproved of the mortgage of the Government securities held by the Bank . It is only fair to mention that the tenour of the proceedings at tho meeting to-day was to exonerate Mr . Cluck froni the charges . made against him . There is , however , sufflcipnt evidence of banking

      as may continue to subsist , " to the European Life Assurance Societj * . A general meeting of the Trust and Loan Company of Upper Canada is called for the 31 st inst . when a dividend is to be declared .

      losses , if not of mismanagement . Tho accounts , prepared by Mr . Maynard , the accountant to the board , show an absolute deficiency of 8 , 046 * ,, but a largo additional loss is certain to accrue on the realisation of various securities . According to Mr . Maynard ' s estimate the ultimate loss will amount in all to about 40 , 000 * , Tho London and County Bank take the promises , furniture , &c , for 22 , 350 * . At an extraordinary general meeting of shareholders in tho London Joint-Stock Bank , Mr , J . G . Maclean was elected a director , in tlio place of Mr . G . H . Foster , docoasod , Tho adjourned mooting of shareholders in tho Alliance Bank is to bo hold on tho 23 rd inst ., at Paris , when tho report of tho liquidators will bo submitted .

      An extraordinary mooting of tho Groat Britain Mutual Life Assurance Society is called for tho 81 st inst ., to authorise the dissolution of tho society , and tho transfer of , tho business , " with suoh liabilities

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      Trieste . — -This city , which at the close of the last war had a population of aboiit 1 , 0 , 000 inliabitants , now contains nearly 150 , 000 . It owes its extraprcfinary rise andeommereial prosperity to its being created a free port in the fullest sense of the term . The city is greatly indebted for many of its . privileges to the Baron von Bruck . the originator of the Austrian Lloyd ' s , and now Minister for Commercial Affairs at Vienna . Port of London . —The general business of the

      port during the week has been . more active . The ships announced inwards at the Custom House as having arrived from foreign ports were 2 &G ; there were 9 from Ireland , and 198 colliers ; . The entries outwards amounted to 124 , and those cleared to 105 , besides 31 in ballast . The departures for ' -the Australian colonies only amounted to four vessels , viz ., 1 to Adelaide of 421 tons ; 1 to Sydney of 852 tons ; and 2 to Port Philip of 1 , 301 tons-, the total being 2 , 574 tons . bc

      Red Sea Telegraph . —The cable has ~ cn laid from Aden to Cossier , which is within about 300 miles of Suez . The completion of that branch of the undertaking may , therefore , be expected almost immediately . Channel Islands Telegraph . —The telegraphic communication with the Channel Islands had been suspended for aome days past , in consequence of the submarine cable having parted a few miles from the Portland coast , but was again restored by the company ' s engineer on Wednesday .

      Swedish Subjiarine Telegraph . —Messrs . Glass , Elliot , and Co ., have received intelligence that the submarine telegraph cable , upon which they are engaged , on behalf of the Swedish Government , has been successfully laid down from Westerwick , in Sweden , to Wisby , in Gottland , under the directions of their chief engineer . Testimonial to Mr . R . M . Hunt , F . R . S . —A meeting was held on Wednesday at the London Tavern , Mr . Hyde Clarke in the chair , when testimonial

      measures were taken for promoting a from the mining and smelting interests to Mr . Robert Hunt , F . R . S ., Keeper of Mining Records ; for the organisation of a system of mineral statistics , a numerous committee was formed , and Mr . Darlington ( Phillips and Darlington ) appointed Hon . Secretary . A testimonial has been lately subscribed by the same interest , in recognition of the services of Mr . J . Y . Watson , F . G . S ., in the publication of various works on mining statistics . It consists of a large silver inkstand and a salver of the value of 150 guineas . . Contraband of War . —The Queen ' s Proclamation respecting neutrality is not entirely understood by the shipping interest , and questions have been addressed ¦ to the Government which demand a clear and immediate reply . The difficulty seems to be properly to define the law as it stands respecting our commercial relations with foreign ports in times of war , and it may be found necessary to modify or improve existing arrangements . First of all , shipowners want to know what really constitutes illegal contracts ; and , secondly , whether such articles as coal and provisions are to bo considered as contraband of war .

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      GENERAL TRADE REPORT .

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      HOME , COLONIAL , AND FOREIGN PRODUCE MARKETS .

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      RAILWAY INTELLIGENCE .

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      JOINT-STOCK COMPANIES .

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      The Napoleons in Italt . —As for the Austrians and tho French in Italy ( says the Telegraph ) it appears tha t there have been equal hesitations on both sides . Louis Napoleon has done nothing yet but reconnoitre . Tho rains have proved not loss formidable to him than to General Gyulai . Tho French , to speak plainly , want to bo attacked , that they may give battle at an advantage to themselves ; tho Austrians , on tho other hand ,, are determined not to play their enemy ' s game . If , howovor , as Louis Napoleon says , with a sublime contempt for history , the bayonet is characteristically a French weapon , why not endeavour with it to force tho eoymy s lines ? Wo should then learn how much , of the Bonapartist genius has been transmitted with the camp bedstead , jackboots , and silver soap-box , tfut , pomo what will , Franco may sloop in confidence . Should tho Emperor fail , Plon Plon of the white plume , is in tho field . Ho has ft true Nupo conic countenance , undisflgurpd by a e nglo Dutch lineament j ho is commander p f a division > ho goes where glory waits him > his royal brido at Paris expects him homo this tlin p ^ th co oure d foathors in his caps and undoubtedly ho will do—what he will do . Mm . Laboucbore , mother of tho Right Hon . Honry Labouchoro , M . P ., died on Sunday laat , in her eighty-ninth year .

  • Citation
    • Leader (1850-1860), May 21, 1859, page 653, in the Nineteenth-Century Serials Edition (2008; 2018) ncse-os.kdl.kcl.ac.uk/periodicals/l/issues/vm2-ncseproduct2295/page/21/