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^ ^ M.v14: im THE LEAPEB. 627
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HOME, COLONIAL, AND FOREIGN PRODUCE MARK...
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TffE arrivals of all grain, English and ...
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RAILWAY INTELLIGENCE.
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Oh 1 Monday a special general meeting of...
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JOINT-STOCK COMPANIES.
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The Commercial Bank of India has declare...
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The MEEcnAKT Ships of Germany.—In a Hamb...
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THE EFFECT OF WAR ON BRITISH COMMERCE. T...
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Telbokaphio Communication with India.— A...
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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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.
Additionally, when viewing full transcripts, extracted text may not be in the same order as the original document.
^ ^ M.V14: Im The Leapeb. 627
^ ^ M . v 14 : im THE LEAPEB . 627
Home, Colonial, And Foreign Produce Mark...
HOME , COLONIAL , AND FOREIGN PRODUCE MARKETS .
Tffe Arrivals Of All Grain, English And ...
TffE arrivals of all grain , English and foreign , this week have been good . The corn market was tolerably well attended this morning , and the English wheat lef t over from Monday was disposed of at Is . to 2 s . a quarter above the Offers made for it on that day ; some sales of foreign were also effected at an improvement of Is . to 2 s . per quarter , according to quality Barley sells slowly , at late rates . Beans and peas are unaltered in value . With a good supply of bats , the trade is heavy , and Monday ' s prices are barely supported . Norfolk flour is held for rather more money .
The Liverpool cotton market continues quiet , the sales to-day being only 6 , 000 bales , including 500 on speculation and for export , at easier rates . The business in sugar is confined to 1 , 100 mats undayed Manilla at 32 s . per cwt . The foreign and colonial " produce markets today have shown rather more steadiness . In foreign sugars , however , a farther decline of Is . per cwt . has taken place , and the refined market has been dull . Coffee brought about former rates , and teas were exceedingly dull . Rice and spices have shown little variation , arid the public sales of indigo have closed at an average decline of about 6 s . to Is . per lb . on the rates realised at the last sale . Saltpetre has been at easier rates , and tallow is dull . P . Y . C . on the spot is quoted 55 s . 6-d ., and last three months 56 s . per cwt . market remains with dull and
TEA , ^ -The a very heavy appearance . Common Congou is nominally quoted 13 fd . to 14 d . Large sales . are reported to take-place to-morrow * Sugar . —Rather more business was transacted to-day , but prices in some instances were rather lower . 1 , 344 boxes Havannah sold ; brown sorts declined Is . compared with last week ; mid . to fine dry strong yellow 42 s . to 45 s ., low and mid . yellow 40 s . to 41 s . 6 d ., brown , low foxy to good soft ; 34 s . 6 d , to 38 s . and good dry brown 38 s . 6 d . to 39 s . 6 d . 300 bags good brown Mauritius sold at 38 s . 6 d . per cwt , and about 3 , 000 bags mid . brown Manilla sold privately at 36 s . 3 d . per cwt . 412 casks West India sold at former rates . The refined market was dull , brown samples 52 s . per cwt . Coffee . —Business was exceedingly dull , onl y a few lots of second-hand Plantation Ceylon having been sold at previous quotations . Rice . —The market was quiet ; 532 bags damaged Rangoon sold at 6 s . 6 d . to 7 s ., being rather cheaper Saltpetue . — A moderate amount of business was reported , but prices tended downwards . 172 bags partly sold , low mid . color 13 Jlbs . 43 s . 6 d ., and mid . 6 lbs . 46 s . Gd . to 47 s . per cwt . Tatllow . —The market was very inactive . P ; Y . C . on the spot 55 s . 6 d ., and last three months 56 s . per cwt . sellers . / i Indigo . —The quarterly sale of 11 , 654 chests was brought to a close yesterday ; there was no change in biddings , and out of the whole offered . 9 , 461 were withdrawn , and 895 bought in , leaving 1 , 308 sold ; also about 200 more out of the bought-in lots , of which 800 are for the trade and re-sale , and 700 for export . Prices for Bengal are 8 d . to Is ., Oude Gd . to 10 ' d ., Kurpah 6 d . to 9 d ,, Madras par to 3 d . under last sale . Dnuas , & o , —About 800 bales Turkey Arabic sold at private contract at 32 s . to 33 s . ; Gum Qlibanum at sale sold at fully 10 s . lower prices . Good Turkey Opium 21 s . to 21 s . Gd ., 3 d . lower . Fine Castor Oil full up ; other kinds £ d . lower .. Oil Anniscod 9 s . China Rhubarb steady , Tajrtamo Acid . — About 25 tons sold on Thursday at Is . 8 d ., and now Is . 8 id . per lb . asked . Hemp . —Market dull ; 22 tons Petersburg clean eold , £ 30 to £ 30 5 s . 60 bales Bombay taken in at £ 20 * 273 bales Italian out , £ 30 . 25 bales Mexican fibre out , £ 30 per ton . Spbxter firmer $ 25 tons sold at £ 19 7 s . Gd ., and 75 tons WH plates , May , June , and July , at £ 20 2 a . Gd . to £ 20 7 a . Gd . Scotch pig iron , 49 s . Gd
¦ Oils . —Linseed firmer , and a good business done j epob , 29 s . to 29 s , 3 d , i Hull , 28 s . to 28 s . 3 d . ; Rape , dull ; fine Cochin Cocoa nut soldyesterday at 43 s . Gd . j «* d Ceylon in lihtU , at 41 a . Gd . ; Palm , dull , fine , 46 ft , j . turpentine , quiet , 40 s . Gd , ana 44 s . Gd .
Railway Intelligence.
RAILWAY INTELLIGENCE .
Oh 1 Monday A Special General Meeting Of...
Oh Monday a special general meeting of the proprietors of the London , Brighton , and South Coast Railway was held to consider bills to enable the company to make alterations in their existing lines , to make a new railway at Norwood , and to authorise the London and South Western Company to make new works , which will empower the two companies to make arrangements for carrying on the London and Portsmouth traffic . The Chairman , before entering upon the business of the day , gave some explanation of the contest with the Southwestern . When he joined the company thirteen years ago a policy of peace towards neighbours was adopted , and from that time up till recently that policy was strictly adhered to . The loss by this competition was falling upon the Souths Western to the extent of ' 11 . per mile , whereas this company was gaining Is . 7 d .. per mile by it . The South Western had made overtures to return to the old fares , but the Brighton would onlv consent to do so upon the recognition by the South Western of the principle of non-intervention . The eighteen weeks of the Brighton for this year showed an increase of 78 , 250 ? . over last year . After a lengthened discussion the two bills were agreed to . At a meeting of the Central Oude Railway Company , on Monday , resolutions for amalgamating with the Oude Railway Company , and for increasing the deposit from 2 s . 6 d . to 5 s . per share , were agreed to .
Joint-Stock Companies.
JOINT-STOCK COMPANIES .
The Commercial Bank Of India Has Declare...
The Commercial Bank of India has declared a dividend for the last six months of 1858 at the rate of 8 per cent , per annum . The report is extremely satisfactory . The annual meeting of the National Provincial Bank of England took place on Thursday , when the report was adopted unanimously , and a bonus declaredof 7- £ per cent ., making with" the dividends already paid , a total distribution of 15 £ per cent , for the year 1858 . The business of the bank was stated to be in a sound and prosperous condition . The customers are of all Classes , and if it at any time proves difficult to employ money with advantage among one portion of the community , an opportunity is usually found in another quarter . Some discussion took place upon the question of a superannuation fund for the officers of the bank ; and it was announced that although there are considerable difficulties in arranging a satisfactory plan , the matter will receive consideration .
The Meecnakt Ships Of Germany.—In A Hamb...
The MEEcnAKT Ships of Germany . —In a Hamburg letter , dated Friday last , we read : — " In the possibility of the armies of Germany being called upon , sooner or later , to take an active part in the war against France , our senate has deemed it prudent to beg , through our minister at London , the English Government to take under its protection the numerous merchant vessels which , sail on every sea with the flag of the three ports and free Hanseatic cities . The official reply has not been long coming . Lord Malmesbury has informed our senate that if the Germanic Confederation should , by the turn of events , be brought into a war against France , England would not be able by any international treaty to take under the protection of her fleets the merchant vessels of the German states forming" part of the confederation . This resolution of tho English Government , which became known to-day et our Bourse , has caused a profound sensation amongst the shipowners . "—Express . Protection in France . —A Paris letter says : — The Constitutionncl announces that tho long debated corn-law question will probably be settled shortly by the " pure and simple" revival of the sliding scale of 1832 , there being no time to consider during the present session the various amendments proposed of a legislation which , the protectionist journal admits to be defective . I am afraid that this news is but too true . The protectionists seem to be the only class of men in Franco powerful enough to thwart the views of the Emporor . Many warm debates on tho sliding scale have lately taken place in tho financial and commercial sections of tho council of state ; and I ana told that in spite of all tho efforts of MM . Baroche and Rouhor , two of tho most able members of tho Government , a groat majority of tho council continues to uphold tho most ultra-protectionist doctrines . M . Michel Chevalier , tho French Cobdon , strives in vain to dispel tho darkness which clouds the intellect of his brother councillors in regard to this question . In their eyea the agricultural and commercial , interest a of Franco repose mainly upon those two corner atones of industry—Prohibition and Protection .
The Effect Of War On British Commerce. T...
THE EFFECT OF WAR ON BRITISH COMMERCE . The most important question in connexion with the possibility of England finding herself involved in war is , what effect -will it have . upon our commerce ? In the old war with France the suspension of our maritime supremacy would at any period have sealed our ruin , and the grand effort of Napoleon was to achieve a European combination , such as should exclude us from every part . So long as the profits of our enormous trade remain undisturbed we are sure to tire out our opponents in every struggle . Can we count with certainty upon being able now as heretofore to secure that result ? Many , looking at the fact that the French fleet is
alleged in number and power of guns to be superior to our own , and contemplating the possibility of its being aided by that of Russia , are disposed to entertain misgivings ^ But those persons omit to recognise the alterations effected by the lapse of a generation in the international system of maritime law . Under no conceivable circumstances of temporary or even of prolonged disaster could our general commerce now be interfered with . We might for a time lose our carrying trade , but that is the utmost injury that could be inflicted on us . The doctrine accepted during the Russian war and subsequently confirmed by the Paris Congress , that free ships make free cargoes , has settled this point definitive ^ . Our would with
interchanges of goods , therefore , go on nearly as much steadiness as' ever , ' although the whole of Europe might be arrayed against us . The business would be conducted by the United States . Their ships would bring us cotton , corn , and all other staples according to our requirements , and would in turn distribute our manufactures over the world . . Thus we should go on buying , selling , and making money in our old fashion , while our opponents were suffering exhaustion under the effects of financial mismanagement , commercial prohibitions , and the depressing influence of conscriptions . It will be urged , perhaps , that in the event of all our ports being block-American marine could then be of
aded even the no service to us , but that is a contingency which few Englishmen will think it necessary to discuss . It would moreover , be as fatal to America as to England , and would therefore soon make that Power a party to the quarrel . But . it may yet be said that , although the inviolability of neutral vessels was so recently affirmed by France , Russia , Sardinia , Austria , and Turkey , as well as by this country , the three former Powers may , if it should suit their purposes , disclaim it with as little scruple as they have lately shown in stultifying their decisions at the same Congress regarding the Danubian Principalities . There is no room for any such apprehension . Those who attempt to set aside the new principle must do so at the peril of immediate war with the United States . It is a matter on which the Washington Government will entertain no question , and the first interference with an American vessel would be followed by ah instant demand for satisfaction . Happily , therefore , the bearings of the case are now entirely independent of the wishes or decisions of the Continental Powers . Whatever dreams may bo nourished of fulfilling to the letter the traditions of the first Empire , tliat of forming a coalition to shut out and destroy the commerce of Great Britain , must be considered by the progress of civilisation to have been shorn of pearly all its terrors . — Times .
Telbokaphio Communication With India.— A...
Telbokaphio Communication with India . — A petition to Parliament , from bankers , merchants , and others , " is lying for signature at the Jerusalem . Coffee-house , urging the absolute necessity of the establishment of telegraphic communication with our Indian and colonial possessions completely independent of the control of continental States . All the lines of telegraph hitherto sanctioned by the British Government involve a continental medium . Just stress is laid upon the disadvantages of this policy , and upon the evil of the interruptions to bo expected at a time of war ; and the petitioners strongly urge the establishment of " direct linos ot submarine telegraph . "
Citt Sbweus . —The Commissioners mot on Tuesday , at Guildhall , Tender ? were received from different gas companies for lighting the public lamps for three years , when those irom the London Chartered and Great Central Companies wore agreed to . A report was presented and odopt ^ . f ^ " ?^ sum of 4 , 000 / . claimed by the Metropolitan BoardI of Works as the City ' s share of a debt due from the old 1 Metropolitan Commission of Sewers to the Rock Assurance . The committee to which the report waa referred thought , for reasons which they set forth , that no portion of tho money claimed was duo by the City , and recommended this opinion to be communicated to tho Metropolitan Board .
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Citation
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Leader (1850-1860), May 14, 1859, page 23, in the Nineteenth-Century Serials Edition (2008; 2018) ncse2.kdl.kcl.ac.uk/periodicals/l/issues/cld_14051859/page/23/
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