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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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Refined . ' — -Pieces at 46 s . to 47 s . per cwt . have been in steady request , but dried goods generally remain out of demand . Brown lumps are quoted 53 s . per cwt . JBIelado . ^—The parcels brought to public sale were all bought iu ; 10 s . 4 d , duty at 24 s . to 25 s ., and 12 s . 8 d . duty at 31 s . to 3 Cs . per cwt . Molasses . —The demand is active and prices rather higher ; 1500 casks Cuba sold privately , the terms not allowed to transpire ; 300 pns . West India , good and very fine Antigua * 17 s . to 18 s ., St . Vincent ' s , 16 s . 6 d ., Grenada , 16 s . j ordinary Trinidad , 14 s . 6 < I . per cwt . ; 100 cks . Cossepore treacle , lying at Liverpool , sold for export at 16 s . per cwt . Cocoa is firm in value with a more frequent inquiry . Guayaquil has sold in limited quantity at 50 . 3 . ;¦ and small lots Grenada in auction at 46 s . to 49 s . for middling red ; and Trinidad at 53 s . to 57 s .
Eum has been purchased somewhat largely at firm prices . Jamaica , 4 s . 8 d . to 4 s . lOd . ; extra fine , 5 s . 6 d . ; Demerara , 2 s . Id . ; and Leeward Island , Is . 8 d . to Is . 9 d . per gallon proof . The clearances have been much in excess of that at the corresponding period last year , but the stock has nevertheless increased . Sago is slightly easier in price , 500 boxes fine small grain sold at 16 s . 6 d ., with occasional lots at 17 s . ; and 750 bags sago flour at 15 s . 3 d . per c % vt .
Saltpetre . —A good demand prevails , and prices on the spot are firm , whilst for arrival rather higher terms have been exacted . About 3000 bags have sold at 42 s .. 'Gd . for 8 £ and 9 per cent ., to 44 s . for 7 and 6 per ceiit ., besides 100 tons to arrive , at 42 s ., with the usual guarantee . The deliveries continue to average 280 tons a week , and as there are but 2000 tons at present on the way , a continued diminution of stock is anticipated . The French Government contract for 2200 tons has been taken at a price equivalent to 45 s ., for . 5 per bent .
Fiturr . —Several cargoes of Valencia raisins of this season ' s growth have arrived , and are freely offered at 44 s .. per cw& Advices respecting the currant crops are still favourable . Indigo . —Small sales of East India continue to be made at extreme rates . Safflower . — -70 brls . realised 5 / . 15 s . to 7 . 1 . 10 s . for good mid . to good pinky , being barely late rates . Cociiineai , is in steady current demand at full prices for all good qualities . 745 bgs . part sold- Plonduras silvers , 3 s . Id . "to 4 s . ; Teneriffe , 3 s . 8 d . to 3 a . lid . ; lionduras black , 4 si 2 d . to 5 s . ; and Teneriffe , 4 s . to 4 s . 3 d . per lb .
Cotton . —The home-trade continue their purchases steadily at Liverpool , and prices aro tolerably well sustained , but the continued restriction of speculative operations gives the market an inanimate tone . American advices respecting the hew crop are somewhat conflicting , and exercise no apparent influence on our markets . The small stocks in London render holders firm in their demands , but a good business has been done nevertheless . Hemp . —St . Petersburg clean hemp hag advanced to
30 / . ; Manilla sells steadily at 26 / . 10 s . to . 27 / . for fair roping . J ' uto still finds ready buyers at full prices , both on the spot and to arrive . Coir goods have been on rather large supply , but the demand has been adequate , and quotations steadily maintained . Oil ,. —A large business has been dono in cocoa-nut at 36 s . Od . to 37 s . for . Coylon , and 88 s . to 39 s . for Cochin ; palm is in request , aud . fine Lagos held at 89 s ., and linseed and raposeed unaltered ; sperm rather easier and quoted at 88 / . to 89 / . Olive remains out of demand .
Oilseeds . * —Linseed , iu the absence of arrivals , is rather moro saleable , but not at higher prices . Rapeseod has still a drooping tendency . Tallow . — Sales for delivery during this month being considered larger than the present stock and expected supplies would warrant , holders have enhanced their terms , and for Y . C , 51 s , Cd , . is required either on . the spot or' for delivery during tlilo mouth . Later periods aro not so much influouccd , and purchases may bo made for tho last three months at , 50 a . per cwt . Tho trade
demand continues very satisfactory , and " sorts" in public salo realised higher prices ; . South American , COs , Oil . to 51 s . ; good to flue Taganrog , 50 a . O'd . to 51 s . Cd , ; house tallow held for 00 s . Gel . to 51 s . not . To-day an arrival of 1200 cks . caused a , reaction , and quotations declined to 51 s . on tho spot , and 49 a , tfd . last three months' dcHvory . Market lottor town tallow , Olio , ( id . ; rough fat , 2 s . 0 £ d . $ melted stuff , 85 s . Od . 5 fat by Tuuiwntine .. —Largo parcels of crudo aro in oourso n (
^ - ° , ! . ! . ! l Vftl ^ \^ Wfi 0 k > a flala ^ n ™ -fliiLv--L 0 . 0-barrulfl . at •> s . uu . American spirits iu barrols . aro moro saleable at 87 s . to 87 b . Od . per owt . Metals . — . The price of copper is lowered 5 b . per ton on manufactured , awl i u . pOr lb . on unmanufactured aosoriptioiis . Lead and tin remain in -limited domand « l w i ? ; sl ) eltor « W an advancing tendency , sales 01 w . II . platosmado at 24 / . for Sent , delivery , comjnon plate 28 ? . lfis ., and tuoro are now few sellers at tliosc prloos . Present stook 4400 tone , against 4102 tone last year .. Scotch pig iron has dooliuod to 04 / . 0 s . ; for in « n ^ i ! ffOw ll 2 » °° 0 * ° » 8 . « ff « m » t which wamvnte lor 108 , 000 tons aro to circulation .
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JOINT . STOOIC COMPANIES . GiiNEjtAi . Steam Navigation Company . —Tho C 7 th half-yearly mooting of tho shareholders of this company was hold on Tuesday , Mr . John Wilkiu iu tho chair . Tho roport of tho directors and a statement of tho accounts for tho half-year ending the 80 th Juno lust wore road to tho mooting , and unanimously adopted . 'The usual dividend at tho rnto of 10 por cout , por annum ^ yaa ^ dooiafed j ' " '" ' !"""" " "" * '" Uaimvav PAssiiNaicns' As « . u « anoe Company . —Tho Railway Passongova' Assurance Company , hold their half-yearly meeting on Wednesday , and a dividend at the rate of 4 por cent , per annum was declared . The directors' ropo ' rli was ngrood to . It is somowhafc surprising , considering tho ' great number jpf railway accidents that tho travelling public do not make it ft rulo to toko a Railway Passengers' Assurance tickot with their faro ticket , Nmw Screw Conjiat Comvajsx . —Tho Iron Screw Oolllor Company held Its mooting on Wednesday , Sir J . EastUopo jLu iUo chftlr , Sinco the last mooting , when , ty
was resolved to wind up , attempts have been made without success , to sell the ships belonging to the con cern . The directors have also been unable to realisi bonds of the Surrey Gas Company held to the amouhi of 10 , 000 / ., as , although a perfect security in them selves , they are at present unmarketable . The profit ! Gf tho past year were only 652 / ., subject to disjmtei debts amounting to 12 , 957 / . During the same perioc two ships have been lost , and claims , believed to b ( unfounded , for upwards of 10 , OOO / . have been made foi collisions , which are now in course of investigation . Of the 12 , 957 / ., one debtor for more than half of the whole sum has been declared insolvent , and it is feared the others will not pay until compelled to do so by legal proceedings . . .. '
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JOSEPH TEAVERS AND SONS' WEEKLY CIRCULAR 19 , St . Swithin ' s-lane . TEA . ^ The market shows no material change ; common Congou has been sold at lOd . to lOid ., thus recovering its position . Coffee . —The Dutch Trading Company ' s sales of 701 , 000 bags of Java took place on the 1 st instant , the whole selling from 3 s . to 4 s . over the valuation . Since then our market has been somewhat excited , and transactions to a considerable extent have been effected at an advance for Plantation Ceylon of fully Is . Native Ceylon- —an active demand , exists for this description for export , good ordinary to fine selling freely at from 48 s . to 53 s . Costa Rica and Mocha are unaltered .
Sugar . !—Raw : We can report no alteration in this market . Refined : this market has been steady during the week , and towards the close more business was done , but our quotations remain unaltered . Pieces still scarce , and at extreme rates . Bastards are in good supply Fruit . —Three cargoes of Valencias have arrived since our last ; quality generally very good . At present there is no alteration in price ( for present delivery ) , and we do not expect to see them lower until arrivals by sailing-vessel commence . This cannot , however , take place for ten days or a fortnight at least . The demand is good , and we have no doubt that , with such quality of Fruity a good trade will be done . Not much is doing in old Valencias , which we think worth notice at our present quotations . Cukrasits . — -We have no alteration to notice in our market for old Fruit . We have jiist received some larger samples of new Currants , by which we can form a better opinion of the quality .
Spices . —In this market there is no change to notice , and a general want of activity lias prevailed during tHe week . Rice . »—The transactions in Cleaned have been small , with little variation , A parcel of American dressed Carolina was sold yesterday at firm prices .
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JAVAOuk relations with Java are not unlikely in a very short period to become commercially important . Little that is reliable is at present known about this country—its social polity and the morale of the natives . And it would be rendering a very acceptable" service were some one personally conversant with these matters to afford that amount of information necessary to enable merchants and manufacturers to direct their commercial attention to this unexplored quarter . We have received a letter from , a resident in Java , and we hasten to publish the following extract , which will not be found without its value : — " Java is a most prosperous colony . Last year tho nett returns paid off the greatest part of the interest of tho Dutch National Debt . The people are very well satisfied , and a spirit of contentment prevails iu the whole island . The Government are veiy strict in police and political matters—tho lash and banishment are the basis—otherwise they are most just in all their dealings with tho natives , and they never propose anything without the ooncurrouco of tho natives themselves . Their European servants aro often , sacrificed when anything occurs disagrooablo to the native chiefs , who rule jointly with the Dutch civilians , some holding life situations .
In roligious mattors they aro quite tolerant : every one HtentflOTrnMonvrnrautp ^ l ^ every respect Is paid to their prejudices and customs . No fanatics aro allowed to run wild and cause disorder by proclaiming a faith now to the natives , and fbv which thoy aro not sufficiently ripe or prepared to givo up their own 5 but thoy know porfeotly well what is right and wrong , and to this thoy aro strictly kopt . People , In England have suoh strange ideas about converting whole nations , little knowing how very oftou tue religion of a nation is formed by the climato they live In and tho Yavtoua oth « r associations belonging to Ik"
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The railway market has not been very brisk , but a sensible effect has been produced oh the prices of several of . the leading lines by sales which have been pressed . The London arid North-Western has felt this pressure about as inconveniently as any of the railway- companies ; its shares have been dealt in at 88 , but any holder who parts with his stock at this figure will be wilfully sacrificing his property . We know , however , from past experience , how futile it is to venture upon predictions as to the future . The peculiar system of business of the Stock Exchange is one invincible obstacle against arriving at anything like a settled opinion as to what range prices will take in a specific period . The value of shares and
their market price are by no means synonymous terms . Let that be the consolation of timid holders , and their justification for refusing to be frightened out of their holdings . There is a good deal of anxiety felt by shareholders in the Indian railways and projects at the unaccountable tendency of the market to droop . The prices in several instances are lower , premiums are disappearing , and shares are sent into the market in small parcels . We do not participate iu the fears of holders ; we believe that the change from Leadenhall-street government to Imperial government will benefit rather than prejudice these securities ^ and we know of no other reason : than that of recent change which should affect the market for Indian railway shares .
Rail way and Canal Companies . —From a Parliamentary return under this head , it appears that the total amount of share capital of railway and canal companies in the United Kingdom , paid up on the 31 st December , 1857 , was as follows : —England—Railways , 187 , 973 , 117 / . ; canals , 13 , 053 , 696 / . Scotland— Railways , 25 , 208 , 585 / . ; canals , 47 , 329 / . Ireland—Railways , 12 , 623 , 356 / . ; canals , 674 , 899 / . Total for the United Kingdom—Railways , 225 , 805 , 058 / . ; canals , 13 , 775 , 924 / . The total amount of parochial rates and taxes , and of passenger duty paid by the railway companies in England , Scotland , and Ireland , during the year 1857 , was 826 , 038 / . 16 s . lOd . ; the total amount paid by canal companies within the same period was 38 ^ 850 / . 11 s . Sd . .
The Construction of Railways in India . —The report of the select committee appointed to inquire into the causes which have led to delay in the construction of railways in India , is printed . The delays are classified by the committee under four distinct heads—1 . Delays arising from Government supervision at home and India . 2 . Delays incidental to the execution of extensions and complicated public works under novel circumstances in a distant country . 3 . Delays produced by political causes , such as insurrection and mutiny . 4 . Delays arising from the natural difficulties which the face of the country presents . The committee say : — " Your committee are of opinion , first , that the
Government has acted wisely in committing to private enterprise the execution of these great public works ; secondly , that a guaranteed interest on the requisite capital was indispensable to induce the public to invest their money in undertakings of this magnitude and novelty ; and thirdly , that , in order to protect the Indian revenue from undue expenditure , Government control over the railway operations is requisite , and oven valuable , to the interests of the shareholders themselves . At the same time your committee would observe that , under a system
coraplicated in its character , and necessarily somewhat cumbrous in its machinery , a system , moreover , tho greatest defect of which is tho facility it affords for the evasion of responsibility , a clear and distinct definition of the duties , responsibilities , and extent of jurisdiction of all heads of departments , and those under them , is essentially requisite for its smooth aud successful working ; always assuming that duo caro bo taken to entrust discretionary , power only to . men . who are to be relied on as competent to distinguish an effective general control from too minute an interference in details .
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RAILWAY INTELLIGENCE .
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i g p ^^ : v /^ : > / : : ^ -r . v ' :-- . " v > : ; - ¦ : - ' ;¦ ¦¦ - ¦ ¦ " : ¦ ;/¦ ¦ ¦¦ ¦ , ' -: . . ;¦ ¦¦ " •¦ . ' - « ¦ ¦¦ : ; .= - . ' ¦ : ¦ , ; . ¦ - . -V T ' ' Ho . ^ lr SEPTEMBERJ i 858 . ] THE LEADER , 915
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Leader (1850-1860), Sept. 4, 1858, page 915, in the Nineteenth-Century Serials Edition (2008; 2018) ncse2.kdl.kcl.ac.uk/periodicals/l/issues/vm2-ncseproduct2258/page/27/
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