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684 THE LJS^DER. [No, 440, August 28 185...
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1858. 1857. 1856. ¦ ¦ ¦'¦'¦ ¦ ¦ ¦ • ' ¦ ...
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TTooti.—-The third series of colonial sa...
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JOINT-STOCK COMPANIES. Indian and Austra...
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EAGLE INSURANCE COMPANY. The proprietors...
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METAL jMAKKET. London, 24th August, 1858...
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CORN MARKET. The arrivals of English gra...
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JOSEPH TRA.VE11S AND SONS' WEEKLY ClUCUL...
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MONEY MARKET' AW STOCK EXCHANGE.
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CITY, Fiuday Evening. Another comparativ...
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.
Additionally, when viewing full transcripts, extracted text may not be in the same order as the original document.
Review Op The Week. Mincing Lane, Friday...
to 58 . ; Bombay , 66 s . to 67 s . ; inferior , 51 s . to 60 s . ; Black Sea , 35 s . to 36 s . ; Danube , 68 s . to 69 a Oils . —Linseed has declined to 33 s . to 33 s . 6 d . on the spot , and 33 s . 6 d . to 33 s . 9 d . for delivery , -with few buvers at the decline . Rape is held for late rates , but is extremely dull of sale . Foreign refined , 48 s . Cd . to 49 s . ; brown , 44 s . ; and English , 42 . Gd . Gingelly and ground nut : Bombay , 35 s . to 36 s . ; Madras , 39 s . to 39 a . Cd . per cwt . In the absence of busiuess olive oil * remain nominally unaltered , but are , perhaps , obtainable
on slightly easier terms , say , Mogadore , 42 * . ; Malaga , 4 rl 7 . 10 s . ; Galipoli , 45 / L to 45 / . IDs . per tun . Cocoa-nut is inactive , but the clearances for export are large . Ceylon sells at 36 s . to 36 s . 6 d . ; Cochin at 38 s . to 39 s . per c \ ft . Palm in demand for export , and after large sales at 37 s . 6 d ., holders now Tequire 38 s . for fine Lagos . The market for fish oils is seasonably improving . Sperm ha 3 advanced to 90 £ for fine , and stocks are short . Common oils are unaltered . Palo southern , 37 / . ; pale sea ) , 39 / . ; and cod , 35 / . per tun .
Tallow . —The deliveries have beeu much in excess of arrival , and most of the supplies coming in from Odessa have been ordered to outports . The market lias consequently been firm , and , within the last day or two , " bear" speculators have appeared as buyers to cover delivery contracts , and prices have advanced to 49 s . on the spot , the same for the last three months , and 49 s . Gd . for spring delivery . At auction to-day , 35 casks Y . C . sold at 48 s . to 48 s . 3 d . ; 40 casks Odessa , 48 s . to 48 =. 9 d . ; 118 casks Ukraine , 48 s . 9 d . to 49 s . 6 d . ; 150 casks Taganrog , 48 s . to 49 s . 6 d . ; 79 casks Archangel , 47 s . 9 d . to 48 s . Town tallow advanced to 51 s . 3 d . ; rough fat to 2 s . 8 d . In other respects the market letter remains the same . STATEMENT OF TAMjOW SHIPPING AT ST . PETERSBURG .
684 The Ljs^Der. [No, 440, August 28 185...
684 THE LJS ^ DER . [ No , 440 , August 28 1858
1858. 1857. 1856. ¦ ¦ ¦'¦'¦ ¦ ¦ ¦ • ' ¦ ...
1858 . 1857 . 1856 . ¦ ¦ ¦'¦'¦ ¦ ¦ ¦ ' ¦ . ¦ . '¦ ¦ ' ' . '¦ cks . cks . ' . ' cks . . "Totalshipped 30 th July , O . S . 23 , 939 15 , 988 26 , 377 „ Subsequently . — 90 , 406 91 , 410 Total at close of navigation — j 106 , 394 117 , 787 Destination : J London ..................... 12 , 217 5 , 072 8 , 475 Other English ports ...... 3 , 811 ' 5 , 498 9 , 388 Foreign ports .......... / . 443 ' 149 1 , 008 Hot despatched .... 7 , 468 ! 5 , 269 7 , 506 23 , 939 * 15 , 988 26 , 377
Ttooti.—-The Third Series Of Colonial Sa...
TTooti . — -The third series of colonial sales concluded on Thursday , having comprised 77 , 557 bales , viz . 18 , 178 Sydney , 30 , 036 Port Phillip , 9411 Van Diemen ' s Land , 5716 Adelaide , 3396 H " ew Zealand , 720 Swan River , and 10 , 100 Cape . The sales progressed with increasing animation throughout , and an advance of Id . per lb . on the previous series , established at the opening , was increased to l £ d . to 2 £ d . per lb . at the close . Exporters took only about 20 , 000 bales , the . ' improvement arising more immediately from the satisfactory extension of the home trade . The low wool sales closed today , having offered 69 89 bales , principally East India , Russian , and South American . Prices scarcely varied from those of the June sales . The annual display of the Paget Sound Agricultural and Hudson ' s Bay Company ' s flocks took place at these sales . They are described as a tiseful class of wool , and in some case * capable of taking rank among fine wools .
Joint-Stock Companies. Indian And Austra...
JOINT-STOCK COMPANIES . Indian and Australian Telegraph Company . —A company ia in course of organisation , under the title of the Indian and Australian Telegraph Company ( limited ) , for extending telegraphic communication to China and Australia . The prospectus mentions that it ia understood that the Indian Government contemplate a continuance of the Red Sea line to Kurrachee and Ceylon . The company now formed proposes to carry the first section of its -wires from . Ceylon to Singapore ; and eventually farther sections will be continued to Honc-Kong and , Australia . * ^ vtsaathAXJM Lakd Ixcuoavnvi Company . —The Netherlands Land Iuclosure Company are making apn « W « "M <> the , Dutch Government for a modification « f
33 ! \ LS ? 'T ®* 2 * * . their ^ " ^ esslon , ™ hicb , after their henvy l 9 » Be » from the storm of last year , would if they ^ ereUtewtfy , enforced , press * ith such s ™ £ y t ^ " * !??"? " ~ *¦**«¦»* of the undeX taking . It is only on account or the loss of 100 , 000 / sustained since the introduction of a better system fev the rWng of the Scheldt at a critical momentSap ' oK Higher than had been known for seventy years , that the request for temporary assistance is preferred . The expenditure has been 866 , 000 / ., and the assets in the shape of recovered land are now only 60 , 000 / . The cdmpeny are bound within a certain term to make a cabal and barrier required by the Government , and oseentlal to the maintenance of the navigation of the Scfteldt , which will cost 204 , 000 / . This sum it will be impossible for them to raise without help , and they
accodingly ask for a loan , or a guarantee of interest thai may enable them to obtain it . As seenrity they offer a lien upon the lands they may henceforth reclaim . Loxdox and CorscTY ^ Assurance Company . —Vicc-Choucellor Sir R . T . Kindersley has made a peremptory order for a call of 10 s . a sliare on all the contiibutaries who are included in the list . The call is made payable on the 20 th September next . A JiEKTisoof the shareholders of the Agra and United
Service Bank was held on Saturdn )* , at which it was agreed to take the necessary measures for bringing the establishment under the operatio n of limited liability , as settled by the Joint-Stock Companies Bill of the present year . Before the proceedings concluded it was intimated , on behalf of the directors , that although they have not received the accounts from the whole of their branches , they are in possession of information which enables them to state that the usual dividend of 10 per cent . will . l > e declared . —Standard .
Indian and Australian Telegraph Company . — ' A new company has been brought out this week for the extension of the telegraph to Australia in consequence of the success of the Red Sea Telegraph Company , . with wliich it -was supposed to be in connexion , ami consequently sure of the guarantee . This , however , does not seem to be the case , as the Ked Sea Company include Australia in their original undertaking , and -xtill , it is expected , have a preference in obtaining the guarantee .
Eagle Insurance Company. The Proprietors...
EAGLE INSURANCE COMPANY . The proprietors last week held their annual meeting , and discussed the report laid before them "by their directors . This liighly prosperous and long , established company appears to have gained a very Urge accession of business by amalgamation with other companies . We must say it is a most fortunate thing that weak insurance offices have such a resource . If established and sound companies , like the Eagle , shove themselves willing to come forward and take the business of small companies off" their
hands , on mutually arranged conditions , it is the best steurity the policy-holders can possibly have that their claims when they '' arise will be properly met . Without such a resource , we are satisfied that one half of the new offices , and even some of the oldestablished ' offices , owing to changes in assurance business , would not be In a position to meet their engagements . The amalgamation with the Albion Company is a most important proceeding :. It has raised the assets , realised and to be realised , of the Eagle to upwards of five millions .
The mode of busiuess of this company requires no explanation beyond that furnished in the report , which we gave in our last week ' s issue . The best pToof that the public appreciate it is' to be found in the steadily increasing business , and the high reputation it continues to maintain .
Metal Jmakket. London, 24th August, 1858...
METAL jMAKKET . London , 24 th August , 1858 . Mkssiis . Tbtjeman and FiiY report that the amount of business done in metals generally since our last shows still a little improvement , although there is no real activity in any branch . A full confirmation of tho reported settlement of the China war , and opening of the ports , will doubtless have a stimulating effect on metal operations . Coppeu . —There is no material change in the position of copper , and opinions differ much regarding the future . There are buyers of fine foreign at pretty fair prices , and it is known that the supply of that description will not be large for the remainder of the year . The dull trade in Birmingham and Franco still continues , and keeps the market for English copper from gaining life .
Iron—There has been a fair business doing in Welsh iron , particularly ia Tails , and in sorao descriptions of Staffordshire there is an improvement . Scotch pig has advanced in price to 55 s . Cd . cash , mixed numbers g . m . b ., and shipments continue large . Tim . —A better feeling prevails amongst' many regarding tin , and there has in consequence been more doing in foreign , but English is dull of sale generally . Lead is but moderately inquired for , although some few transactions lately have given a shade of firmness to manufacturers of tho beat brands , as well as to holders of soft foreign . Spelter . —No revival seems to have reached this inetnl , although holders express confidence , and will yield but very little to induce sales . Tin Plates arc very fairly supported , and most makers find a pretty ready sale .
Corn Market. The Arrivals Of English Gra...
CORN MARKET . The arrivals of English grain during the week have been small , of foreign , wheat and barley good , and large ofoats . . ' . ' . - ;¦ , . "J . ¦ - - ¦ ' , . .. ' . . ' . ' . ' ¦ . ¦ ¦'¦¦ .. . ¦¦ . ,.. ' . ;¦ ¦ ¦ ¦ Friday ' s market was but thinly attended . The little English wheat fresh up since Monday realised that day ' s prices . In . foreign the sales were principally in retail quantities ,-without change in value . Spring corn . of all descriptions is unaltered . The flour trade remains the same . At the Birmingham Corn Exchange on Thursday there was a fair supply of wheat . There was no activity in tlie trade , and prices remained about the same as last week . Barley a slow sale , and unaltered in price , Oats nearly maintained their value . Beans again dearer . . Peas as before . The supply of wheat at Manchester and at Boston is reported as equal to the demand , both iu English and foreign .
Joseph Tra.Ve11s And Sons' Weekly Clucul...
JOSEPH TRA . VE 11 S AND SONS' WEEKLY ClUCULAU . 10 , St . Swithln's-lano . Tea . —We have no direct confirmation of tho nowa from China , but 3 t is generally regarded as authentic , and it haa had tuc effect of limiting business in our market .
Coffee . —The quantity offered at public sale h 9 , k — considerable , but both export and Mme Sd ?\ ^ strong buyers the whole sold freely at fullv la »/ i g Plantation Ceylon is ia good request , and Jood IT '' sorts dearer . Native Ceylon , wluch has ^^ 2 time neglected , and is at a very low price is »» h . .-attention and must before long be ^ onh m ^ Zmv In other kinds there is no change . e *' Sugar : Raw . —This market opened rather ouIctKand buyers at lust shoved but little disposition to mi ' chase freely at existing rates : towards the middle of tw week , however , a better feeling evinced itself andalar ™ and general business has been the result . Prices £ some refining qualities have advanced Cd . to Is — hTt quotations for good ami fine grocery remain unaiterof ? Ricfined market at the commencement of the we £ k opened flatly , and in favour of the buyer : it has since improved m value , and our quotations throughout re main -unaltered .- Prices continue to be scarce , and com " inaml extreme rates .
Fuuit . —Owing to a continuance of strong northern winds , the further arrival of New Vukncias is checked for another day at least . Cuuuasts . —" We receive ! yesterday samples of the neAV growths , which , we are happy to say , bear out our former reports of a fine crop £ \ e expect tlie first arrival about the middle of Sepl tember . l SmcES . —Cassia has , in consequence of large arrival ' experienced a further heavy decline ; Tho lower qualU ties of Cochin ginger are readily saleable at extreme prices , whilst the liner sorts have been disposed of at rather easier rates . A large business has been done in black pepper at improved quotations , shippers buying the lower qualities freely , Petre firm at an advance of Is . per cwt .
KiCE . — -Finest Carolina we quote 2 s . cheaper in other qualities there is no alteration . In brown meal ( of which there is now a very limited supply ) large transactions have taken place at the late advance .
Money Market' Aw Stock Exchange.
MONEY MARKET' AW STOCK EXCHANGE .
City, Fiuday Evening. Another Comparativ...
CITY , Fiuday Evening . Another comparatively quiet week in the money mercantile worid . "We do not regret the tranquillity . Some may bo disposed to call it stagnation , wliich has continued for so many months , because we feel that the disastrous events and discreditable disclosures of the last year necessitated caution in every department of commerce , and because we were assured from the lig ht of
previous experience that had commercial activity immediately resumed its sway , much of it must have been placed to the account of unextinguislied and undiminished speculation . We should have then looked forward to a few years of preternatural expansion of commerce , certain to bo followed by a crisis equalling if not rivalling in intensity any one of thoso which hod preceded it . put from a careful inspection of all departments of trade and manufactures—of commerce , home
and foreign—we have arrived at this satisfactory conclusion , that though trade is contracted , -and in some instances carried on at minimum profits , it is sound and legitimate in character , and every week strengthens the hope nnd probability that we shall soon see a very considerable expansion of business and profits in an , or nearly all , departments , Tho Bank of England offers , perhaps , tho beat criterion of the condition of trade . This week the applications have been steady , but somewhat restricted . Every a spoBition is evinced to afford all proper commercuu facilities ; but , of course , if applications arc limited , iu « fair inference is , that no special enlargement of buflineso in any one direction has occurred to necessitate an application for legitimate accommodation . . We believe some erabarransments havo occurred ™ consequence of speculations in Honduras produce ; o from good authority we are enabled to state tnw •»
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Citation
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Leader (1850-1860), Aug. 28, 1858, page 884, in the Nineteenth-Century Serials Edition (2008; 2018) ncse2.kdl.kcl.ac.uk/periodicals/l/issues/ldr_28081858/page/28/
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