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STo.471, April 2, 1859J THE LEADER. 443
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MARK LANE. —FRIDAy. The tono of tho mark...
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RAILWAY INTELLIGENCE.
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On Monday, at the half-yearly meeting of...
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Loiibardo-Venetian.—The traffic on the l...
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JOINT-STOCK COMPANIES.
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At tho mooting of tho British American L...
Note: This text has been automatically extracted via Optical Character Recognition (OCR) software. The text has not been manually corrected and should not be relied on to be an accurate representation of the item.
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Transcript
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Note: This text has been automatically extracted via Optical Character Recognition (OCR) software. The text has not been manually corrected and should not be relied on to be an accurate representation of the item.
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Keview Of The Week. Jfrjday Jevoiung , W...
Sugar—An improved tone is observable in this article-, considerable public sales of foreign went off freely , on terms rather in favour of the seller ; and the private business also established firm rates . — Refined : A fair business is doing for home trade on previous terms . —Molasses : Good Trinidad is sold at I 7 s .-6 d . Coffee . —The Dutch Company ' s spring sale of 431 , 978 bags Java , and Pedang held at Rotterdam this morning-, is reported by telegraph to have gone
at prices above the recent valuations , and much above the previous sales ; good ordinary quality having realised 37 c , which , at the September sale went at 32 c , to 32 £ c ; and at the spring sale last year at 27 c . to 27 £ c . Little business is doing , owing to the difficulty in finding sellers ; but 1 , 000 bags Native Ceylon , principally low and unclean quantities , are reported at 46 s . to 52 s . Grenada was disposed of at a decline proportionate to that reestablished for Trinidad , ordinary to fair red selling at 40 s . to 46 s . ; a small lot gray , 38 s .
Tea . —The market remains firm—the trade have been occupied with the samples of the public sales . Exports from London , for the week ending 24 th March , 624 , 623 lbs . Pimento . —The market is quiet ; 43 bags good middling sold by auction at 3 ^ d . GincJer .- — 55 barrels Jamaica sold at the previous value ; ordinary and good ordinary , 77 s . to 89 s . ; 124 cases Cochin of fresh import realised advanced rates —good bold , 113 s . to 118 s . ; good , 106 s . to 107 s . ; middling , 85 s . to 91 s . 103 cases were , bought in at 87 s . to 88 s . ; of 1 , 010 bags fair rough Bengal , the sound was bought in at 16 s . 6 d . ; the damaged 200 bags sold , first class , 15 s . 9 d . Cloves . —Six casks Amboyna bought in at 5 d . to 5 | d . Prttit . —The market remains steadv with
moderate transactions . Currants ranged from 34 s . to to 39 s ., damaged 31 s ., at which , a portion found buyers ; 320 cases Sultana raisins were bought in at 50 s . per cwt . Saltpetiie . —The market is steady , but no transactions are reported in Bengal . 678 bags Bombay have , however , been sold ; refraction 49 | per cent ., at 33 s . 6 d ., and 47 $ at 34 s . Jute . —A further reduction took place a , t the public sales to day , the common and middling qualities selling at 10 s . to 20 s . ; -below last week ' s prices , at which , however , there was more disposition to buy ; the finer sorts were principally taken in . - Hesip . —Manilla offered by auction was sold at 181 . to 18 Z . 5 s . ; fair bought in at 271 . ; Sunn nearly all sold at 181 . 2 s . 6 d .
Coiit Goods . —The public sales of yarn went off with less animation than in the previous week , but of 22 , 021 dholls ( 40 tons ) and 339 bales Cochin offered , a good portion was taken off at the valuations to a little under ; common to fair quality 25 / . 10 s . to 35 Z . 15 s . ; Cochin junk bought in at 25 Z . per ton . . Cochineal . —The public sales have gone off flatly , but without alteration in prices ; Honduras sold , chiefly silver , 3 s . 3 d . to 3 s . lid . ; Teneriffe , black , 3 s . lQd . to 4 s . ; silver , 3 s . 7 d- to 3 s . 8 d . ; ordinary bought in at 3 s . 6 d .
TuRnnaRio . —Bengal is still held above the offers , and 1 , 286 bags in auction were bought in at 18 s . Cd . Tallow . —The market for Y . C . is quiet , but steady , at 53 s . on the spot ; same price for April , 52 s . 9 d . to 53 s . April to June , and at 53 s . 6 d . October to December , Oils . — -Linseed is steady , and brings 28 ? . 15 s . here , and 281 . 10 s . in Hull . Rape—a large business has been done for future monthly deliveries at 421 ., and 422 . 10 s . for French roflnod , Olivo continue at previous quotations . Cocoa Nut and Palm Oils remain at previous rates , without mucil offering or business doing . Linseed—the market is > quiot , and there are sellers at' former prices .
Corn . —The markets have been steady , with a tendency , if anything , to lowor prices for foreign wheat of middling sorts . English Hour sells well ap full ratos . Barley of all sorts about Is . per quarter cheaper . Current prices are—wheat , Essex and Kont , White , 37 s ,, 48 s . ; Red ditto , 34 s . Cd ., 44 s , Norfolk , 35 a ., 43 s . Barloy , malting , 33 s . ; distilling , 28 s . Od . Oats , food , 19 s ., 24 s . Potatoes 20 s ., 21 ) s , ; Scotch ditto , 203 ., 24 s . ; Irish , 90 s ., 23 s . Beans , 35 s ., 36 s . Od . Peas—Now White , 40 s ., 40 s . Od . ; Maplo , 42 s ., 45 s . ; Grey , 37 s ., 38 s . Flour firm—Households , 33 s ., 34 s ; Fino , 34 s . fld , 40 s . ; Norfolk , 20 s ., 27 s . Hops . —Market firm at late pricos . Now Hops in domand at higher pvlcos . Hay . —Trade rathor dull—Prime meadow , 72 s ., to 80 a . j flno , 83 s . 87 s , Clovor , old , !> 4 s ., 105 s . ; Straw , 24 a ,, 28 s . Cattle , —A fair silpply i pricos without variation .
Sto.471, April 2, 1859j The Leader. 443
STo . 471 , April 2 , 1859 J THE LEADER . 443
Mark Lane. —Friday. The Tono Of Tho Mark...
MARK LANE . —FRIDAy . The tono of tho market to-day wivs quiot ; but
good . The home grown supply was not large , and the foreign imports this week are moderate . Wheat . —English , no variation on Monday ' s prices . English white , 42 s ., 48 s . Red , 40 s ., 46 s . Flour firm , from 30 s .. to 40 s . Norfolk , 17 s . 6 d . per 280 lbs . French 30 s ., 34 s .
Railway Intelligence.
RAILWAY INTELLIGENCE .
On Monday, At The Half-Yearly Meeting Of...
On Monday , at the half-yearly meeting of the Wellington and Severn Junction Company , a satisfactory statement was made , and the Directors' report was adopted . At a special meeting of the Wimbledon and Dorking and the Epsom and Leatherhead Companies , on Monday , a bill for . providing a joint station at Epsom for their use , and for other purposes , Avas unanimously approved . At the half-yearly meeting of the Scottish Central Railway , the Directors announced that in consequence of the unusually heavy charges of the six months , the dividend would be 5 & instead of 5 £ per
cent . Official reports to the Board of Trade , on certain accidents which occurred on railways during the last eight months of the year 1858 , are published . The following companies are inculpated by the report , so far as the accidents were the result of carelessness , negligence , or want of efficient arrangements , —the Birkenhead , Lancashire , and Cheshire Junction Railway Company , the Bristol and Exeter ; the Chester and Holy head , the Deeside , the Eastern Counties ; Edinburgh and Glasgow , Great Western ; Lincolnshire and Yorkshire ; the Londonderry and Goleraine ; the North-Western ; the South-Western ; the Midland ; the Monklnnds ; the North British ; the North-Eastern ; the N " orth
Lonponed in consequence of their riot being in such a forward stage before Parliament as to admitof their being brought under the consideration of a Wharncliffe meeting . The number of bills in which they were interested was twelve j but Nos . 2 , 4 , 7 , 9 , 11 , and 12 had been postponed . The whole of the bills , ¦ with the exceptions mentioned , were sanctioned .
don ; the North Union ; the Oxford , Worcester , and Wolverhampton ; the Rhytnney ; the South-Eastern ; and the Waterford and Tramore . Judging from these reports , defective arrangements of all sorts—or , in other words , faults Of omissiottr—would appear to be rather the general rule than the exception on the railways of the United Kingdom . Lord Redesdale has introduced a bill ~ into the House of Lords , intituled "An Act for Preventing the abuse of Return Tickets on Railways . " His lordship proposes that the fraudulent sale and transfer of excursion , double , or return tickets shall be punished with a fine , not exceeding ( with costs ) the sum of 51 . ; and , in default of payment , imprisonment , with or without hard labour , for a term not exceeding two months .
A special meeting of the London and South Western Railway Company is called for the 7 th inst ., to consider a number of bills pending in Parliament , one of which authorises the company to " make new works and to raise further funds , " whilst another authorises an amalgamation with , or a lease of , the Portsmouth Railway . The third ordinary general meeting of the Bahia and San Francisco Railway Company is called for the 20 th inst . The half-yearly interest at the rate of 7 per cent , per annum will be payable on the 14 th .
At the half-yearly meeting of the Ottoman Railway proprietors , the chairman , Sir M . Stephenson , said that the line from Smyrna was making rapid progress , and that the Turkish Government took great interest in the carrying out of a regular system of railway communication . It was expected that the first section would be comp leted by the autumn . The accounts showed a total sum received of £ 204 , 584 4 s . 10 d ., and the expenditure £ 175 , 158 8 s . 2 d ., leaving a balance in hand of £ 29 , 425 16 s . 8 d , The report was agreed to unanimously .
The meeting of the Cape Town Railway and Dock Company took place on Thursday , Mr . Watson in the chair . The report , which stated that tho contract with the Government had boon much improved , and that the works would now bo completed for-HJO . OOOJ ., was adopted , and tho meeting adjourned . A special Court of Common Council was hold on Thursday , to consider a report of tho improvement committee in reference to tho memorial of tho Metropolitan Railway Company , recommending that the corporation shotild taku a direct interest in tho undertaking to the extent of 20 , 000 shares , amounting to 200 , 000 ; ., subject to the several conditions and guarantcos contained in tho roport . The report having been road was opposed , which led to a long discussion , which was adjourned .
On Thursday a special mooting of the Great Wcstorn Company was held , for the purpose of taking into consideration various bills which are being pi'osocuted in Parliament . Tho Eurl of Shelburn was in tho chair . Tho number of bills which tho advertisement sot forth would bo discussed was twolve ; but tho majority wore postponed in consequence of tholr not being in a suiuoiontly forward state to be brought before tho proprietors . Tho Chairman said that some of tho bills had been post-
Loiibardo-Venetian.—The Traffic On The L...
Loiibardo-Venetian . —The traffic on the lines of this company for the week ending the 18 th ultimo , presented the enormous increase of 28 , 70 OZ ., or 105 per cent ., cornpared with the corresponding week of last year . Of this increase , about 3-7 ths is estimated to have arisen from the transport of troops and munitions of war , and the remaining 4-7 ths from ordinary sources . The aggregate increase since the 1 st January is 116 , 000 ? . Frexch JLvilavays . —According to an official document recently published , the Paris and Orleans Railway Company have already expended on various works 517 , 000 , 000 f . There still remain 743 , OOO , OOOf . to be expended on works now in progress , which , when completed , will form a total of l , 2 ( 50 , 0 OO , 00 Of . expended by the Orleans Company on railways .
The principal works on the new section of the Northern Railway , intended to shorten the distance between Paris and Creil , may now be looked on as terminated . The new line is 10 £ miles shorter than the old , saving half-an-hour ' s time and about 2 f . in the fare . Some of the works have been attended with considerable difficulty , particularly the viaduct of Chantilly , over the valley of the Nonette , which is built on piles , 2 , 200 in number , driven to a depti of nearly 60 feet in a most turfy soil . Another viaduct , that of Comelles , in the middle of the forest of Chantilly , is also raised on a similar foundation , the masonry being hollow in order to render the weight on the piles as light as possible . It is thought this new section " will be opened to the public about the commencement of May .
Honduras Interoceanic Railway . —A deputation had an interview with Sir John Pakington on Monday at the Admiralty , upon the subject of this railway . The deputation submitted the maps of the line and ports prepared by Colonel Stanton , the officer deputed by the Government to review the route , and represented that it was in the most direct line between this country and Australia , that the harbours , both on the Atlantic and Pacific , were spacious , accessible , and safe in all weathers , that the Bay ofFonseca is upwards of 3 , 000 mi | es nearer to Vancouver ' s Island than "Valparaiso , 700 miles nearer than Panama to British Colombia , and in a healthy and well-provided locality . It was stated that a'substantial contractor had tendered to construct the railway for 2 , 500 , 000 / ., and pending its construction to put through a sufficient road for the carriage of the mails at a moderate cost , within 12 months from the present time . This road would bring Great Brit ain within 18 days of the Pacific ocean , and within about 40 days of Australia . The . line lay through the territories of the single friendly State , a treaty between which , and this country guarantees , under all circumstances , the safety of property and independence of the road . Portuguese Likes . —Tho last Peninsular mail brings word that the Minister of Public Works had intimated an intention to continue by contract the works upon the Lisbon line from Ponte d' Asseca to Santarem , and probably to Barquinha , without prejudice to the general contract for the lines which are to connect Lisbon with Oporto and tho Spanish frontier , in respect to which the Ministers ware expected shortly to bring forward a bill in the Cortes . ———
Joint-Stock Companies.
JOINT-STOCK COMPANIES .
At Tho Mooting Of Tho British American L...
At tho mooting of tho British American Land Compriny , on Monday , the roport and accounts , after somo discussion , wore adopted i and it appears that , although tho directors are not in a position to declare a dividend , the value of tho property is steadily and materially improving . The large increase upon tho mortgage account , is a favourable Couture , ninco tho proceeds must hereafter gradually bucoino available . Tho important , public works proceeding in tho colony will prove of considerable ndviintnjro in onliancinjjf tho marketable nature o'l 1 tho lund in H 01 J 1 ^ . of tho districts ; whilo tho whole , from the uffoct ot the increase of settlors , who will bring it into " flo and cultivation , will eventually ciwhpu u return commensurate with tho capital which lias l > wn expended upon it . T i t »« - i n , At tho mooting of tho Linares Loud Mining Company tho report'wfta adopted unanimously . I ho accounts for tho past half-year show a profit ot 11 , 100 / ., out of which a dividend of Op . pur share has boon declared . Tho gtinonil condition ot tho mlno ie considered to have Improved . By tho comnlutlon of tho railway between Cordova and Seville , which is oxpoototl to tako place In a fow weeks , a savin g in fuel and oarriago is anticipated of rnoro than Q . oooi . a-yeur .
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Citation
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Leader (1850-1860), April 2, 1859, page 27, in the Nineteenth-Century Serials Edition (2008; 2018) ncse2.kdl.kcl.ac.uk/periodicals/l/issues/cld_02041859/page/27/
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