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market the real trade was rather better , and choice calves made 2 d . to 4 d . per stone advance . Monday . Beast . Sheep . Calves . Pigs . 33 8 d . to 8 . 3 d . Ss . Sd . toKa . 3 s . 8 d . to 4 s . 6 d . 3 s . 8 d . to 4 s . 2 d .
Thursday . 170 33 . 8 dJtoS . 8 d . 3 s . 8 d . to i ! 10 d . 33 . 4 d . to 4 s . 8 d . 3 s . 4 d . to 4 s-2 d . ' ~~ Pkovisions . — The dead meat marketa have been heavy throughout the greater part of the week , and prices have receded for nearly every description of meat . During the last day or two the weather has , however , impartedrather a better tone to trade , and prices have partially recovered . Beef ranges from 2 s . 4 d . to 4 s . ; mutton 2 s . 8 d . to 4 s 2 d . ; veal , 3 s . 4 d . to 4 s . ; and pork , 3 s . 4 d . to 4 s . 4 d by the carcase . Forcing butters declined to 114 s . to 116 s . for fine Freisland . Cured meats were unaltered in value . recent arrivals have
Saltpetre . — The effects of tlie at length been felt , prices having given way 2 s . to 2 s . 6 d . per cwt . Fine 5 * to 4 * per cent , sold in public sale at 45 s . to 45 s . 6 d . ; 1 \ per cent , at 43 s . 3 d . ; and 8 , at 43 s . per cwt . Free deliveries continued well up to the late average , and the stock on Monday was reduced bv about 270 tons . Some few sales for arrival were effected early in the week at recent quotations , and latterly 44 s . floating conditions have been obtained for parcels just in , and 42 s . for distant sailing . Spirits . — British corn spirits have been reduced 2 d . per gallon , making the present quotation 9 s . 8 d . per gallon . Proof rum has met a steady sale at previous rate 3 . _
Cottox . The markets have been very quiet , both here and * at . Liverpool . In the former , the samples on show have represented a small supply , and prices have remained firm ; but in the latter there has been more disposition to sell than to buy , and consumers have had the turn of . prices in their favour . The accounts from India and America are read as favourable to holders , but have little apparent effect upon our markets . The sales , at Liverpool are 34 , 210 bales . Upland 1-lGth lower . In London , 1000 bales sold at late rates . Jlte . The increased shipments advised from Calcutta have depressed quotations 20 s .. to 30 s .-per to ?** - although the sales have offered only a small quantity . Low medium to good , 161 . to 19 ! . 10 s . ; and a lot fine , 20 / . 10 s . per ton . , ¦'¦ , -, Hemp . — Russian is Bteadily quoted 30 / . to oU ? . 10 s . for sound clean . Manilla is firm ; 1078 blSi sold at 26 / . to 261 . _ 10 s . for common ; 2 SZ . to 28 / . 12 s . Cd . for fair roping ; and 35 / . to " 37 / . 5 s . for white .
finding buyers ; pale southern , 35 ? . ; pale seal , 37 ? . ; and cod , 32 ? . per tun . Whale-fins . —The advices from the Davis' Straits Fishery are unfavourable . Many vessels are reported clean , and others but indifferently fished . Bone is rather dearer in consequence ; Davis' Straits , 550 ? . ; Polar , 530 A ; North-West , 450 ? . ; and Southern , 410 ? , Turpentine . —There have been no arrivals of crude this week , and the sales are 600 brls . at 10 s . 6 d . per cwt . American spirits have advanced to 42 s . Hops . —The market is steady , but the demand chiefly confined to the finer qualities . Mid and East Kent , 65 s . to 80 s . and 120 s . ; Weald , 50 s . to 56 s . and 78 s . ; Farnham 70 s . to 100 s . Country ditto , 65 s . to 85 s .
, Tallow . — The price began to droop a trifle on Wednesday , owing probably to the arrivals , about 4000 cks ; in the week ; but the quantity offered on the spot has been very moderate , scarcely equal to the demand . The home produce is still small , and the melters have had some difficulty in satisfying their orders . The quality of this year ' s Y . C . is very weak and tender , and complaints are continually made by the trade . We think there is good reason for believing that the import from Australia will be very small . We have not heard of a telegram from St . Petersburg with the latest shipment , mark the
possibly 89 , 000 cks . would be near the ; as close of the season is so rapidly approaching , the daily accounts will be very interesting . To-day , the market closes flat , 49 s . 9 d . spot ; 49 s . 3 d . all the year ; 50 s . to 49 s . 9 d . January to March ; 50 s . 3 d . to 5 Os . 6 d . March . At public sales , to-day , the tallow was mostly taken in . St . Petersburg letters to 4 th ( 16 th ) instant , state 1600 cks . ¦ done at 16 . 0 , l 60 i ; 1000 cks . for next August at 163 , 164 . Shipments , 38 , 254 cks ., 1855 ; 98 , 425 cks ., 1856 ; 80 , 677 cks ., 1857 ; and 60 , 928 cks ., 1858 . Town tallow , 53 s . 6 d . ; rough fat , 2 s . 9 £ d . ; melted stuff , 37 s .
Indigo . —The quarterly sales of East India are still in progress , and during the earlier part of the week were pretry well supported . During the last two days , however , the demand has slackened , and importers being disposed to realise , prices have further given way , and Bengals generally , but especially on the finer qualities . Kurpahs , from their scarcity , are still fully sustained . The reduction on fine Bengal is now ( id . to 8 d . as compared with July rates ; middling consumers , 2 d . to 3 d ., and ordinary consumers , last sales' rates to 2 d . decline . The daily transactions have been as follows :- —< Passed . WUhdm . Bought in . Sold . 5 th day ... 2254 906 784 564 CiU „ ... 1026 87 160 779 7 th „ ... 1306 110 200 646 8 th „ ... 1009 162 15 . 5 092 Oth „ ... 2406 1587 187 fS 32 Last week ... 5377 1331 1235 2811 GrnmUotnl ... 13 , 378 4183 2771 G 124 Cocjuneal is Id . per pound cheaper , but 260 bgs . in snlo were mostly placed . Honduras silvers 3 s . 5 d . to 4 s . yd . ; Tenoriffo silver 3 s . 9 d . to 3 s . lOd . ; Honduras black 4 s . Id ;' to 4 s . lid . ; Tcncriflb 8 s . 10 d . to 4 s . 3 d . Saffloweh . —97 bis . sold steadily at 0 ? . 15 s . to 9 Z . 0 s . for middling to good , mostly G . I-., mark . Other Dyes . — 1 G 5 tons Loinn . wood of ordinary quality bought in at 14 / . ; 33 tons St . Vincent logwood sold at 3 / . 10 s . ; and a small lot Jamaica 3 / . 13 s . per ton . Metals . —The value of foreign tin has further ndvancocl to 119 ? . 10 s . for Banca , nnd 117 / . for Straits . English is now difficult to buy at tho smoltor's quota ? tiona . Scotch pig iron has Icon steadily held at 5-ls . Gd ., but the business passing has boon limited . Coppor is firm at previous rates , Sales of somo extent have been effected in spelter at 2 c )/ . por ton . Load remains as lust quoted . Manufactured articles nro not altered in valuo , but tin plates tiro difficult to buy at Into rates . To-day EngTfsh tin "Wfls advanced 8 ? . on common block , and 5 / . per ton on bars . Banca quoted 120 / . to 121 * . por ton . Oils . —Linseed has further declined 30 s . por tun , 20 / . 10 s . having boon accepted on tho spot and for monthly deliveries up to March , Rape is a slow sale , with sellers of foreign brown at 42 / . 10 s . ; English at 41 ? . 5 refined foreign 40 / . 10 s . to 47 ? ., and English 44 ? . 10 s , to 45 / , Olivo oils are easier in prico , Mxigadoro , 41 / . ; GalUpoll , 45 / . 10 s . Cocoa-nut remains firm , at 88 ? . to 88 / , 10 s . for Ceylon , and 80 / . 10 s , to 41 / . for Cochin . Palm oil commands 10 / . 10 s . for flno Lagos . Flsli oils are y&y dull , Sporm oilers « t 80 / ., without
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The Bailway Market lias not been astonished with any sudden accession of business . The small markets , that is markets which deal in contemplated projects and shares with only small amounts paid , arc doing the most business , but starvation is the cry of all . We do not think any very great improvement , will take place this year , but next , we do expect a general move upwards all round . The Report of the Directors ' of the London and South-Western Company states that they have to submit on the 27 th inst . two subjects of great importance to the sliarcholdcrs—namely , the
expediency of leasing the Stames and YVokmgham ana the Portsmouth Hallways . Should the proprietors desire the agreement provisionally made to be carried out , the directors believe that they will be able to bring it and the arrangements incident to it to a satisfactory conclusion . JFor this purpose they ask the proprietors to confer on them the necessary discretionary powers . In conclusion , the directors state that , should tho lease of the Portsmouth Railway be taken by the company , the proprietors may rest assured that the directors will continue in the earnest desire to remain on friendly terms with
The chief engineer , Mr . Vignolles , presented several tools to the chairman of the company , Don Pablo de , Epalza , and , after addressing him in English , proposed three cheers for the Bilboa Railway , which were heartily given . Afterwards M . de Epalza threw a few shovelfuls of earth into a wheelbarrow , and his example was followed by the' vice-president , M . Arellano . The English engineer then , taking off his coat and hat , dug . a few minutes amidst much cheering , and . then adr dressing himself to the people , called down the blessing of Heaven on the railway . The proceedings then terminated .
the Brighton Company . Tho ordinary meeting of the Bahia and San Francisco Company was held this week . Tho progress made with tho undertaking appears quite satisfactory . It appears that the promoters of the proposed Ruabou and Denbigh line intend to apply to Parliament in the ensuing session for an act to authorise it construction . Exertions are being made to promote the construction of ten miles of railway , in order to iill up the gap now oxisting between the Llnnclly Railway and tho LUmidlocs and Ncwtown Railway now in
course of construction , A movement is being made for extending tho lino of tho Colno Valley and Hals-toad Railway to Audlcy End through Ilavcrhill and Sull'ron Walden . It is proposod to construct a liue of railway on tho broad gauge from Ledbury through Murclo , Dymook , and Newont to tho Hopcbrook station oil tho Hereford , Ross , and Gloucester Railway , whenco direct ; communication can . bo had with
London , South "Wales , or tho north . On Wednesday morning tho Stockton and Darlington company ' s tunnel branch lino of railway from tho end of tho Shildon tunnel to St . Helen ' s , Auckland , was opened for the convoyauco of passengers . Tho new line is about three miles in length . ¦ . isW Spanish Railway . —Letters from Bilboa givo an account of tho inauguration of tho Bilboa and Tudola Railroad works , which havo boon commenced near that city . An immense crowd nssomblod to witness tuo ceremony ,
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No . 448 , October 23 , 185 & 1 THE LEASER- * 13 g
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RAILWAY INTELLIGENCE .
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To the Editor of the Telegraph . Sir , —I shall feel much obliged if you will favoiu me by inserting the enclosed correspondence between the Secretary of the Treasury and myself . — I am , &c ., John Orb-eix Lever . The Atlantic Royal Mail Steam Navigation Company ( Limited ) , 40 , Cannon-street , E . C ., London , Oct . 21 .
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THE ATLANTIC ROYAL MAIL STEAM COMPANY AND THE TREASURY .
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TO G . A HAMILTON , ESQ ., M . P . Sir , —As representative of the Atlantic Royal Mai ] Steam Navigation Company I ventue tp address you the present letter , with a view of eliciting any explanation you may consider consistent upon the subject of the renewed contract extended to an existing steam-ship line across the Atlantic . It is generally understood and asserted that an extension of postal contract has just been accorded to Messrs . Cunard , for the conveyance of her Majesty ' s mails to America , to the exclusion of other competing
lines during such period . This has caused someanxietj to several parties whose interest and energies are so intimately connected with the project with which I have the honour to be associated ; but from the satisfactory assurances . I have repeatedly received from yourself on behalf of her Majesty ' s Government of their sympathy and support to the Galway line , I am unwilling to believe that it is now their intention to ignore the services that the new company propose to confer upon the two countries by a more frequent and rapid communication between Galway and the several ports in British America and the United States , the details of which plan are known to you .
Referring to a recently published letter from a member of the late cabinet , and feeling the force and power of the statement therein contained with reference to the postal subsidies , &c , alluded to , I conceive it would be a great satisfaction to the country generally if you could consistently give your views as to the readiness of her Majesty's Government to negotiate with other companies as well as those now working tinder contract for an increased service to British America and the United States . ' ' I beg to enclose a pamphlet for your perusal upon the trade and commerce between- Europe and North America , and would call your special attention to the two following paragraphs , which strike me forcibly , showing the margin for increased subsidies , especially to America , for additional postal services : —
" It appears , then , that the British Government pays 475 , 000 / . per annum to dovelop the trade with West Indian and Australian colonies , worth 20 , 156 , 000 / . per annum , and only 80 , 000 / . a year to develop the trade of tho British American colonies , worth 20 , 788 , 903 / , per annum . " It ia a well iiriderstood fact that tho British Treasury has been largely reimbursed for tho subsidy paid for tho conveyance of tho transatlantic mails between Europo and America . It would appear , then , to bo sound policy to foster a line of steamers that will not only give a stimulus to trade and commerce in Ireland , but largely increase the trade ( which is of incalculable valuo ) of her Majesty ' s British American possessions , and that , too , without drawing materially upon the Treasury , &a " I havo tho honour to bo , Your obedient , humble servant , John Orbell Lever .
40 , Cannon-street , E . C ., London , Oct . 20 , 1808 . TO J . O , LEVER , ESQ . My dear Sir , —I am happy to remove any misapprehensions as regards your company which" mny havo boon created by tho oxtonsion of tho contract with Mr . Cunard . That extension was absented to by tho Treasury upon a strong representation niado by the present Board of Admiralty , on tho 29 th of March lust , in support of recommendations to tho anrao offoot by tho la to Board of Admiralty , Mr . Cunard undertaking inoroasod services and submitting to additional conditions , and before , us far as I am aware , any mention had boon mado oC your undertaking .
I should rogrot vory much if that oxtonsion woro to bo considered us indicating any disfavour towards you or your important project . On tho contrary , you havo roooivod , both from tho Irish Govormnonfc nnd from members of tha Govornmont hero , strong assurances of tho interest with wMoJ * they roffaru a oonwnorolftl «» -
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Leader (1850-1860), Oct. 23, 1858, page 1139, in the Nineteenth-Century Serials Edition (2008; 2018) ncse2.kdl.kcl.ac.uk/periodicals/l/issues/vm2-ncseproduct2265/page/27/
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