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Bhare list shortlandteas Of the Jsfo. ^3...
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COLONIAL AM) FOREIGN PRODUCE MARKETS. RE...
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JOSEPH TRAVERS AND SONS' WEEKLY CIltCdLA...
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'MONEY MARKET AND STOCK EXCHAME. City, F...
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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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Mining- Intelligence. "W12 Havo Already ...
attempt at -weeding the mining y , when we have satisfied ourselves of the bon & Jide character of the mine , we shall place it in our list , and do our best to assist the curious public to what may be somewhere about the real value of the shares . A great many mining projects aTe in abeyance because the moneyed public are presumed not to be sufficiently r ipe for a deep dip into their purses , but very shortly -we shall find these projects launched in shoals on the market , and then it -will be our duty to xaise our warning voice , which , we trust , will not be raised in vain . A mining company , called tlie North Rhine Copper Company of South Australia , has put forward a prospectus . Of course the projectors assure the public that they have " secured one of the richest deposits of copper ever yet discovered . " To the credulous public we comaiend the adage , Caveat emjptor .
Bhare List Shortlandteas Of The Jsfo. ^3...
Bhare list shortlandteas Of the Jsfo . ^ 37 , Atotjst 7 , 1858 . ] THE LEADER . 787
Colonial Am) Foreign Produce Markets. Re...
COLONIAL AM ) FOREIGN PRODUCE MARKETS . REYIEW OF THE WEEK . Mincing Lane , Friday Evening . The week ' s transactions , although but moderate in the aggregate , still bear evidence of a healthy and progressive trade . A steady home-demand prevails for most of the leading staples , and a temporary restriction , of business in some departments recently more active , is chiefly explained by the limited supplies brought on offer—a circumstance that has contributed to the stability of current values , and which in some measure may serve to show the confidence with , which importers look towards the future . In exports , the improvement is as yet only partial , but appearances arc more decidedly promising , and the want of animation which still forms a source
of occasional complaint in most markets would seem to arise more from the protracted absence of speculation than from any retrograde movementin bondjide trading . Sugar . — -The market continues very firm , and all descriptions are again fid . to Is . dearer . The supplies brought forward have consisted , almost wholly of West India and foreign museovadoes , the limited proportion of East India sugars in stock being generally withheld formgher prices . The deliveries , although not so large as had been expected , are satisfactory , arid the stocks in warehouse , whilst somewhat increased , contrast less heavily -with those of last year . Floating cargoes have met a rather increased demand , both for out-port and continental delivery , and several have changed hands on terms again in the seller ' s favour .
Wesx- India . —The sales of the week are 4283 bogslieads , including the auctions , in which low to fine bright Barbadoes sold at 36 s . to 44 s . ; ord . to good brown Tobago 35 s . to 37 s- 6 d .. ; and yellow 38 s . to 40 s . per . cwt . Waueitius .- ^ -1 O , 8 O 0 bags realised 3 Os . Od . to 37 s . Gd . for brown ; and 39 s . < 3 d . to 43 s ; for middling to fine yellow ; grainy , 45 s . to 49 s . 6 d . Forkign . —2000 bags clayed Manilla , 12 a .. 8 d . duty , sold at 37 s . ; 1100 hogsheads G 60 barrels Porto Rico , at 40 s . 6 d . to 47 s . for low to fine yellow , and 37 s . to 38 s .
6 d . for brown ; 190 casks 40 barrels Cuba muscovadoes ¦ wer e chiefly withdrawn above current rates ; 1 G 71 boxes Havannah were chiefly sold , iloretts ( 16 s . duty ) at 48 s . to 49 s . Gd . ; low to fine yellow 41 s . to 4 Cs . , brown 3 Ss . to 40 a . Four floating cargoes Havannah , together GOOO loxcs , have been tak « u for tlie kingdom ; Nos . 11 to 12 at 28 s . to 29 s . full insurances ; Nos . 13 ^ to 11 at 45 s ., duty paid ; one of 1500 boxes for Sweden at 31 s . for No . 15 ; one brown Bahia at 25 s , f . p . n . for an outpost , and one white at 29 a . f . p . u . for Trieste .
Mela . do . —475 casks Cuba were partly sold at 27 s . to 36 s ., duty 12 s . 8 d . Refined . —Prices are very steadily maintained . Dried goods are rather less in demand generally , but pieces are still in request and tend upwards in price . Crushed sugars for export are held for higher terms . Molasses . —With a continuous demand , quotations aro again in favour of importers ; West India have sold at 13 s ., 14 s . for St . Ritt's up to 10 a . for Antigua . In all about 1500 casks hswo been placed . Rust . —The dealings are limited to small parcels at about previous rates .
niMTDcv Tim lmidiners have nenin been heavy , m-Cofe-ee . —The landings luivc again been heavy , increasing the stock to 10 , 000 tons against 0000 tons last year . The market lins a quiet tone , but sales are not prossed , and the demand has been sufficient to take oft " the limited supplies brought on offer without materially altering current quotations . The sales havo comprised 800 casks Plantation Ceylon at GOs . Gd . to G 5 s . 6 d . for fine ord . to low mid ., ami 68 s . to 73 a . for middling to good middling bold colory ; 155 half bales Mocha , nt 80 s ., for clean garbled small berry , nnd < U ) s . for Alexandria kind , besides 10 casks 550 bngs Jamaica at 14 a . to 54 s . for triage and ordinary .
Cocoa . —Small transactions arc reported at 50 s . to 70 s . for Trinidad . The inquiry ia rather bettor . Tea . —An improved demand , partly speculative , has obtained during the wcok , and with increased transactions the valuo of common and medium congous arc enhanced £ d . to Id . pc'lijk ; for tlio former 10 id . is now freel y offered , but liouTorn generally require lOJcl . Small public sales of 6750 pkgn . passed off with , hotter spirit , at full prices for black , but easier ratea for green
. quantity put up , 2500 pkgs . sold , including 950 small boxes . Spices . —600 bags Zanzibar cloves sold at 3 d . to 33 d ., being a decline of jd . per lb . Pimento is firm ; of 1200 bags in auction , 8 O 0 were withdrawn above present rates , at-which the residue sold ; middling and good aiiddling 3 * d . to 3 fd . ; 370 bags Jamaica ginger sold steadily at 50 s . to 75 s . for common to middling ; and 95 s . to 141 s . for good middling to good bold white . Of 2388 bags of Sumatra pepper , 700 sold at 4 d . to 4 U . Important public sales are advertised for Wednesday . liiCE continues to be purchased for immediate orders only , but is steadily held . The principal dealings are some 3000 bags Bengal , at 8 s . to 10 s . per cwt . ; 2000 bags low Rangoon , at 5 s . 3 d . ; for . fine white new Bengal 11 s . 6 d . was refused . The deliveries were tolerably good , and no further addition has been made to the stork .
Sago , 752 cs . good small grain , slightly discoloured , sold at 17 s . per cwt . Saltpetke . —Prices declined Is . tola , 6 d . in the early part of the week , but subsequently recovered on the announcement of a contract having been advertised by the French Government for 2200 tons , deliverable between this and the spring of the ensuing year . The sale aggregate about 9000 bags , and the latest prices were from 38 s . for ll £ to 49 s . for fine 2 . | per cent , refraction . Nituatij : of Soda . —A sale of 200 tons fine refracting , 43 d ., as exported , at 17 s . 6 d . to 18 s . per cwt . Cochineal . —The market is firmer , \ vith more limited supplies on offer . Gambiek is again rather dearer—15 s . 6 d . per cwt .
Drugs . —Castor-oil has advanced id . per lb . ; fair seconds to good pale , 6 d . to 7 * d . ; straw , 5 d . to 5 ld . Other articles meet a fair demand at la . te rates . - Camplior bought in at 60 s . per cwt . Hemp . —A limited business passing at former prices . Jute is less in demand , and quotations barely so firm . Of 3219 bis ., about half sold , at 151 . 5 s . to 19 / . 12 s . Cd . for common to good , assorted . Metals . —Scotch pig iron advanced to 54 s . 6 d ., but tlie improvement brought put sellers , and prices are now Gd . lower ; the deliveries are very satisfactory . Other metals are without quotable change . Linseed . —The trade is quiet , but prices steady . Bombay seed , 61 s . to 61 s . 6 d . ; Calcutta , 57 s . to 5 !) s . ; Black Sea . seed , on passage , 59 s .
On .-. — Linseed is offered at 34 s . 3 d . on the spot , and 34 s . Gd . to 34 s . 9 d . for delivery forward ; Olive ia going more freely into consumption , at 43 s . for Mogadore to 46 s . for Oallipoli . For arrival , large supplies are offered on these terms . Palm oil is more saleable at 38 s . for fine ; Sperm slightly dearer ; common fish oil unaltered . TuKPENTiUE . —Rough turpentine is purchased at 9 s . 3 d . The large supplies of American spirits are . firmly held at 38 s . Cd . per cwt . Sapfxowek is 10 s . dearer ; 133 bales sold at 5 ? . to SI . 103 . ; redwood sold at 47 . 5 s . to 41 . 10 s ., which is also higher .
Cotton . —There are not free sellers at present rates . Week ' s business , 950 bales ; Suret , 5 § d . to 6 d . for mid . fair to good ; Madras , 4 sd . for ordinary western , and 5 jd . for good fair Tinnerelly . At Liverpool , the week's sales are 69 , 000 bales , prices ^ d . higher ; and imports 26 , 000 bales . Wool ,. —The Colonial sales progress actively , at full prices . 14 , 066 bales sold in the current week . Provisions . —From short receipts , butters of all
descriptions are dearer . Carlows , 104 s . to 108 s . ; English , 112 s . to 120 s . ; and Friesland , 114 s . to 116 s . per cwt . With increased supplies of English and foreign bacon , prices arc Is . to 2 s . lower , and Waterford quoted 68 s . to 70 s . The Government advertise for considerable quantities of navy beef and pork : 7000 tiercea 10 , 250 barrels of the former , and 15 , 000 tieieea 7700 barrels of the latter , are to be tendered for on the 30 th September . The market is , however , scarcely influenced by the circumstance , so little is passing .
TAi-tow has mot a good demand for consumption , but the purchases have been principally of old Y . C . at about fxl . under current quotations for new , which close to-ilny at 48 s . Gd . on the spot , 41 ) 9 . buyers for the last three months , and 49 ft . Gd . lor spring delivery . The public sales havo . been unimportant . The latest telegram from St . Petersburg quotes , " 156 ro . for August , flat ; 17 , 700 cks . shipped off , and 19 , 000 cks . on wharf . " Maiiket Lettish . —Town tallow , 50 s .: fat by ditto , 2 s . 7 < 1 . ; melted stuff , 84 s . 6 d . ; rough , ditto , 20 s . ; greaves ditto , 17 s . ; good dregs ditto , 7 s .
Joseph Travers And Sons' Weekly Ciltcdla...
JOSEPH TRAVERS AND SONS' WEEKLY CIltCdLAlt . 19 , St . Swithin ' s-lano . 'l ' . —Tho market is very firm , and for the lower grades of Congou some improvement in value must be noted . Common has realised lOitl . The nrrivul of tho next telegram is looked for with interest , and in the mean timo merchants aro very tedious , and hold fer hotter offers . Coi-fice . —Thero has not been quite so much animation in tltis mnrkot for tho past wcok , but prices remain firm for ull descriptions . Suoah , —Kaw—wo hare again to report a further
Joseph Travers And Sons' Weekly Ciltcdla...
improvement m the value of this article , an active market having prevailed daring the week , and its close showing an advance of Is . on all qualities . We are sorry so often to receive well-founded complaints of the bad tiirn-oot of raw sugars , the result , we believe , of an improper method of drawing tbe samples in the docks , over which process we have no control whatever . It is with great regret that we see sugars , -which , frorn their superior sweetness , flavour , and colour , deserve the first attention and the best price , gradually losing their place in the opinion of the trade , who find it answer their purpose better to buv from
samples affording a more correct representation of bulk , and who , therefore , turn their attention more and more to bastards and pieces . We cannot but think , however , that this evil must work its own cure , and believe it will not be long before those who are responsible for it will find out some method by -which the samples shall represent their bulk faithfully instead of approximately . Till this change takes place , w & must remind our customers that we can only sell to them by the sample we buy from , and that , unless the inferiority is very marked indeed , there is no possibility ; of obtaining any allowance whatever .
The Repined market las been very quiet during tie p . nst week , brown sorts being , perhaps , rather easier to buy . Pieces relatively dear , and very scarce . Bastards plentiful at former prices . Molasses without change . Pbuit , as usual at this period of the year , is in limited request , and the business of the week has been pretty nearly confined to a few purchases of currants for export . The advices from abroad are also of a routine character—large crops , fine quality , and low prices , to be modified , doubtless shortly , when orders for shipment are sufficiently plentiful , by the usual occurrences of bad
weather , growing competition , and increasing firmness on the part of obstinate growers . There can , be , however , but little doubt , that the supplies of both currants and Valencias will be plentiful , althougli we much doubt if opening prices can be -very low . The interests of the large importers of currants are certainly opposed to > the arrival of new fruit in our markets at prices which can affect our present stock ; and with half a dozen steamers and a cloud of sailing vessels engaged for first cargoes , the growers of Valencia ^ will hardly be more reasonable in their demands than in former seasons .
Spices . —Jamaica ginger , at public sale , met "with good competition , the fine sorts realising higher prices . Black pepper is dull , and rather cheaper . Fetre is - \ reTy firm , and Is . dftarer . HicE . —No alteration in prices . Jleal and low rice is in good demand at firm rates . Fine Java scarce .
'Money Market And Stock Exchame. City, F...
'MONEY MARKET AND STOCK EXCHAME . City , Friday Evening . It is very gratifying to be able to announce that all the information supplied to us from various important channels points to a decided improvement in the condition » . trade and commerce , and that , though comparatively few foreign orders have "been sent here , there is yet a fair amount of export business doing , and "business generally is of n more than usually sound and legitimate character . The home trade is gradually recovering from the paralysis of last year , and autumn is looked forward to with hope and confidence .
But thero is still a danger the far-seeing descry at hand . The discover of rich gold Gelds in Vancouver's Island is a danger which , if we do not take past experience for our guide and monitor , mny help to renew that insane and general furor of speculation which took place in 1852-3 , whan the Australian discoveries began to work their commercial mischief , and brought upon us that woeful and ruinous reaction which occurred in 1851-5 . We do not share these fears , though wo admit they aro by no moans unfounded . Wo look to tho more sober feeling which the late crisis has per force induced upon Joint-Stock Banks and discount houses . These great monetary establishments will pause before they again give facilities to speculation by the easy discount of manufactured paper and rotten accommodation hills . Tho refusal of discounts , except for
the legitimate purposes of trade , will act as a marvellous check on the speculator . Tho mercantile public also feel confident that the Bank of England will continue to act on that judicious system inaugurated during tho crisis which lias tended so largely to purify tho mercantile atmosphere nnd to replace trade upon its logitimato basis . The hint which tho Bank gave to speculators when it declined to nmkc advances , except in cases whero there could bo no doubt of the bond Jlda charucter of tho purposes for -which assistance was required , hus not bi-en without effect and permanence . It seems U > bo generally admitted that it is mainly owing to the w iao policy adopted by the Bank that wo aro not at thjs moment immersed in a very -whirlpool of speculation . Money ia in remarkable ubuiuUiuto . iclI ° capital is seeking temporary investment , evMbit nominul rates of interest ; tho rate of nccommodiPti is uuuaually low ; all tueso
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Citation
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Leader (1850-1860), Aug. 7, 1858, page 27, in the Nineteenth-Century Serials Edition (2008; 2018) ncse2.kdl.kcl.ac.uk/periodicals/l/issues/cld_07081858/page/27/
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