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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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2603 has ., including Barbadoes at 39 s . to 45 s . for low to fine yellow ; Jamaica , 40 s . to 41 s . 6 d . ; and Crystallised Demerara , 40 s . 6 d . to 4 Ts ., _ the last named being rather cheaper ; 2000 bgs . Mauritius in auction -were chiefly sold , brown at 3 Is . 6 d . to 39 s . Gd .. ; yellow , 40 s . to 44 s . ; 3200 bgs . Madras brought 42 a . to 45 s . 6 d . ; for grocery 4000 bgs . Bengal ; Benares , 45 s . 6 d . to 47 s . 6 d . ; grocery , 44 s . 6 d . ; and dry brown , 31 s . » 6 d . per cwfc . The public sales of foreign were nearly withdrawn or bought in , 13 , 750 bgs . Manilla at 34 s . to 35 s .
for middling to good tmclayed ; 1000 hds . and 180 brls . foreign Muscovado , at 38 s . to 39 s . 6 d . for brown ; 40 s 6 d . to 43 s . for yellow ; but 1100 bx « . Havanab ( damaged ) , were mostly sold : floretts , 46 s . to 48 s . ; white , 51 s . to 52 s . per cwt ., duty , 16 s . and 18 s . 4 d . respectively . The private transactions have been small . A floating cargo of 3600 bgs . Paraiba sold for Hamburg at 23 s . 6 d . per cwt . Refined sngars are seasonably dull of sale , but supplies are moderate and quotations comparatively firm . Brown lumps , 52 s . 6 d .
later transactions were withheld , but are supposed to have been at rather higher prices . In lead no change has taken place . Oils . —Linseed , after being heavy all tlic week at 29 s . 6 d ., closed to-day rather firmer at 29 s . 9 d . Rape oil sells steadily at previous quotations . Common fish oils meet but a limited demand . Sperm , on the contrary , finds ready buyers , and to-day 92 / . ( one lot at 92 L 5 s . ) was obtained for good colonial fished . Tallow . — There has been but a moderate demand throughout the week , but stocks are well Jueld , and prices show considerable strength . The deliveries have somewhat slackened , but have been rather in excess of the importations . The prices quoted during the greater part of the week have been 50 s . 9 d . to 51 s . on the spot ; 50 s . 6 d . to 50 s . 9 d . for delivery up to spring ; and 51 s . 3 d . for March only ; and to-day the market closed rather flatly at these rates .
Coffee . —The market has a firm aspect , the public sales having gone off with , animation at full prices . W 50 csks . 300 brls . and bags plantation Ceylon brought 64 s . 6 d . to 69 s . Gd . for low middling and middling ; and 70 s . 6 d . to 74 s . 6 d . for middling to good middling coloury . 169 bgs . good ordinary St . Domingo , 47 s . 6 d . to 48 s . ; 800 bgs . Madras , good ordinary to middling pale , 63 s 6 d . to 68 s . 6 d . ; and bold coloury , 81 s . 89 bis . long berry Mocha were held at 93 s . to 95 s . per cwt . Two floating cargoes of superior first Rio , new crop , have sold , the one at 46 s . 9 d ., and the other at 48 s . j both for continental ports . The statistical position of the market continues satisfactory .
Tea- —The principal feature this week has been the public sales , in which 14 , 677 pkgs . were offered , comprising the unusually large proportion of 8600 pkgs . " without reserve . " . The sales went somewhat unevenly , black leaf Congous realising very full prices , but scented teas showing a decline of £ < L to . Id . pe > lb . Of the above quantity put up 9 i 00 pkgs . sold . " The private transactions have been chiefly in the new teas per Robin Hood , and these have found a steady sale at about former prices . To day private telegrams have been received in anticipation of the China mails , but they have had no appreciable effect on the market , which closes decidedly quiet in tone .
Rice . —The demand runs almost exclusively upon low qualities , in which a steady business has been done at fully the previous currency . Rangoon has sold at 6 s . 6 d . to 7 s . ; pinky Madras at 7 s . 3 d . ; good Necranzie , 7 s . 9 d . ; and low to good middling white Bengal , 7 b . 4 id . to 9 s . 3 d . per cwt The deliveries continue very steady , and the stock is still slowly decreasing . SALTFExaE . —The market is exceedingly flat , and where sales are made lower prices have to be taken . Public sales were attempted in the , early part of the week , but the bids fell much below previous rates , and the whole offered was withdrawn . Since this nothing of moment has transpired . SFiOBS .- ^ Cassia lignea has further advanced Is . per cwt . ; sales of pile 1 having been made at 100 s . In other spices the dealings have been of a retail character , and have not altered prior quotations .
Fruit . —The dried fruit market , as usual , so near to Christmas , has been quiet . Several public sales have been brought forward , but they have resulted in very little actual business . Holders in general are , however , firm , and in what has been done , quite late rates have been paid . . Pkugs . —The only sale of moment has been one of 500 chta . of camphor ( a portion of the arrival per Onni ) , which met a partial demand at 61 s . to 62 s . per cwt . Dtes . —Indigo is firmly held , and it is difficult to buy except at higher prices . Some small lots of rather
low and middling safBowera have sold cheaply , but the market in general is steady . 130 tons Savanilla Fustie in public sale realised 51 . 6 s . to 01 7 e . Cd ., and some parcels red wood 4 ?« 7 a . Gd . per ton . Cottok— -The market has been quiet , but holders having offered but small supplies , prices remain steady . At Liverpool a decline of 1-lCd , to Jd . has taken place , arid the sales are 45 , 800 bales . The- American advices bring increased receipts at the ports , and also a general inclination to a higher range in crop estimates , and to this the heaviness in the Xlverpool market is mainly attributed .
Hemp . — In Rueslanbemp but a moderate business ia doing , and quotations are unaltered , 20 ' / . being the price generally named for St . Petersburg clean . East India hemp is also in limited request only . Juto continues in active demand , and prices have furthar advanced 15 s . per ton , common to good soiling in . public sale at 16 s , 10 s . to 201 . 10 s . per ton . Metals . —> Tho price oT copper hm been advanced 51 . per ton on tile and cake , making the pronent quotations toll . 108 . Beat selected Is worth 1107 . 10 s ., and for Bnrra Burra 111 / , to 1127 . Is asked . Sheet copper has been put up £ d . per lb ., the prices being now Is . per lb . There have been several transactions In Straus tin at 126 J ,, but very litfle In other descriptions . Scotch , pig Iron Is uteatjy In price , 'but inactive . On 'Change to-day the quotation ; was 64 a . 6 'd . In spotter rather , a largo buiiness h »» * galn Vbeon done , principally . for arrival , spring shlpmBntibrtaging' 32 ? , 'The exact'tern ™ of the
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joijs t t-stock : companies . An extraordinary meeting of the Trust and Loan Comppny of Upper Canada is called for the 31 st inst ., to authorise the directors to exercise the company ' s borrowing powers . The London General Omnibus Company ( Limited ; have issued an advertisement , in which they notify that on the 1 st January next "the business of the French Company will pass into their hands , and that it will in future be conducted by an English board of directors instead of the gdrants of a French company . " It is announced , in vague terms , that 'an extensive plan is tunder consideration for improving the system of working the omnibus traQie of the metropolis . " One of the " plans" upon which the company have acted appears to have been perfectly unsuccessful __ the issue of correspondence and contract tickets which will be discontinued on the 1 st of January .
At the adjourned annual meeting of the South Australian Banking Company , a supplemental report from the directors was read . Referring to the colonial profit and loss account for the 3 * ear 1857 , the directors express their regret at finding that the colonial manager's explanations are most unsatisfactory as respects the realisation of the securities on the pending account . The profits on the Colonial account for the year 1857 , amounting to about 50 , 000 / ., have been absorbed in the losses sustained . The assurance was given , however , that the unfortunate transactions referred to will be brought within the result of that year ' s operations , and that the capital and reserved fund remain intact . After some discussionthe report was unanimously adopted .
, On Wednesday was held a meeting of shareholders in the European and American Steam Shipping Company who are opposed to the directors' proposal for winding up the undertaking ; Mr . Austen was called to the chair . Resolutions were adopted , pledging the shareholders present to resist the directors' proposal , and referring to the election of a new board of directors . At the special meeting of tho African Steam Ship Company , there was an insufficient attendance to consider the resolution for altering the form in which the
accounts are to be presented ; but it was , nevertheless , intimated by Mr . Hadow , on behalf of the board , that the new system will bo carried out during tho next half-year . The chango proposed is , that with a view of simplifying the acconnts , the directors be authorised in future to charge the actual disbursements for wear and tear and Insurance against tho receipts of tho vessels respectively , and to reserve 7 £ per cent , per annum out of revenue on the coat of the company's ships , as shown in the books at the expiration of each half-year , to form a depreciation fund .
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THE METAL MARKET . "We copy from Trueman and Fry's circular tho following statement : —Wo have not much to note beyond tho fact that , notwithstanding a little contraction of business , which is generally felt , there is no expectation prevailing that prices will go lower ; indeed , a confidence in the future , and of a healthy return of business at the commencement of tho ensuing year , is entertained in almost nil quarters . Copper . —Since our last the expected advance in prices lias boon declared , but even now tho smelters are so fully engaged , that they are unable at present to take orders for unmanufactured descriptions , oxcopt on a very limited scale , Tho holders of foreign are for tho most part intent upon higher rates , although tho Btouks of that description have had some littlo accessions , High comparative prices can bo obtainod for Burra Burra and other fine foreign copper . IupN .- ^ Tke reports from tho iron , districts aro satisfactory , tho . lmnrovemont of tho past Tow months having reached all the manufacturers . Some one or two of the first "Welsh makers huve advanced their prices within the past ten < l » ys , ; the majority , howevor , acoopt orders readily , without evincing eagerness . Scotch pig Is at a standstill . ! price to-day £ 4 a . 0 d , cusli , as in out last . " Txw .- ^ TKIa metal le firmly'held , and to all appearance the holders of foreign , Are Justified la their course . English refined / la In request , but common not 00 much so .
, SmCTEK . — There is an improvement in the posif !™ of this metal , and it is not obtainable on such favour * 1 terms as it was a week ago , when some considerablo transactions took place . awo Lead is still rather inanimate . Twplates aro eagerly spught at low rates wh . Vt , makers very reasonably decline , under the existinc c * cumstances of tho tin and iron markets . The dema ] at makers' prices afl ' ords fair employment .
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Riff Piuates , —The Brussels Tndependance assert * that England , France , and Spain have agreed to make a joint expedition against the Riff pirates next sprintr BF . tizE . —The Shipping Gazette publishes an elabo borate judgment , which has lately been pronounced br Mr . Temple , the Chief Justice of the Supreme Court of British Honduras , in the case of " Plues u . H yde and Co . " The question at issue was , virtually , whether '
colonial creditors of Messrs Jaine Hyde and Co . of Belize , should have a preference in the distribution of assets over which the creditors of Messrs . Hyde , Hodge , and Co ., of -London , the two houses being in reality the same . The court has adopted the common-sense view that there is no such law 111 that country , and that tho estate of an insolvent must be distributed fairly and equally amongst all his creditors , wherever thev may reside .
New Commissionkr . in H . vN-KnrPTGT . —The newlyappointed Birmingham Commissioner , Mr . G . W . Sanders , took liis scat in the Bankruptcy Court on Wednesday . Ho was met by a largo body of the professional gentlemen practising in the court , hut no courtesies were exchanged on the occasion beyond the usual obeisance to the bench and its customary recognition . The usual business of the court ivas- at once proceeded with . Tftk SinrriNO Ixti-. kkst . — Mr . Duncan Dunbar , cliairman-of the public meeting uf shipowners hold on the 1-5 th instant , Mr . CJeurge Marshall , chairman of the Ge ^ neral Shipowners' . Society , Mr . George F . Young , and Mr . William lioiiar , secretary , had an interview with
Mr . Secretary Walpidc . on Wednesday , at the Homeoffice , and presented the address to her Majesty agreed to at the public mooting . Increase of Russian Trade in Asia . — Russian navigation 011 the Aiv . oor dutea from 1854 , when it was found- necessary , with all spend , to convey troops and provisions to I ' utropawldw-sk , Kamschatka being at that time menaced by tho navy of the Allies . Since then . shipping on the " river has attained such development that a pud of wheat ( i 0 lbs . ) may now be carried for Is . Cd . from the . confluence of the Shilka to the shores of the Pacific , a distance of more than two thousand
miles . So long as the Ochotsk find Ajan line of roads were the only available means of transit , a . pud ( 10 lbs . ) of wheat could never be purchased at Petropawlowsk for less than throe roubles . Since the opening of the Amoor this price him sunk to one- rouble , or sometimes not even quite bo much , fiunpowder , formerly conveyed from Irkutsk to Ochotsk at a charge of five roubles per pud , is now delivered by Irkutsk merchants in Nicolajc . ffak at tho rcduc , ; . ! rate- of one . and" a half roubles . As to tho progress of commerce on the Amoor , no mow at present need be said on thU topic . In order to givo an . idea of its growing iinportauco , it will be suftwent to observe that the value of merchandise shipiwd on tho
river in 1857 had alroady readied l , oOU , Ouu roubles . Jai-asbsk Wokehkn anf ) WouBsiiors . ) U ( wnte the correspondent of a New York journal ) visited word of tho workshops of all trades , and we found that a work was carried on in an entirely . l . tFereiit waj fro that in our own country . The carpenters and cabinet makers all sit down to saw or piano their . stock J entered a blackamith ' . s shop . IU-ro we f «« nd J 2 in blast , while two men were sitting down , one on oacn side of an anvil , hammering out a largo piece of ron . The ono ^ vi th the sledge-humnicr seemod to si % « m „_!! .. . . _ . !„ „ : »
easily ; standing . While they heat then- iron , tl . 03 \} »\ hook in tho roof of tho establishment , ovor » j"J . J pot in which they aro at the same t . mo cooM » fc , ™ rice . In on « Hhop wo saxv a hole ( or nr Weia l « o xyj dug in the ground , in which was * ' " Vh « " riwid . k « pt up by a small boilers running underth « WJun-In front of tills novul forgo eat n small ho } , * hard at work with both hands making noHs , ' » i bollowu ho kept in motion with tliu toes 0 » 1 It waa a novel sight to soo vIt 1 what fap l «|« j JJ J up tho blnat , liia looa working liko a lady s unyj
fl OMNinV . KB in Vr « mA . -Ont 1 . a niorn Jj rf tho 15 th tho drat train loft Vienna for Lnu . ^"" J " built In Eneland oonvoyod the l' « " « "Soa on tho minuo , and gruat wiw tho cro ^ l njsomb 0 a Stophan ' s Placo to see and ndmlro the B « J " » J vohicloa and harness . Tho hacknoy coooI biq , v good judges of fluoh matters , £ w ™ n ? T hofw W workmanship to bo fatnoa ( ox ^ ?" ) . bllt W ff / B liltf not ono VIonnoso in ft hundred will ovo , Eol " | l 0 wollnnd neck by being nn outsldo rflf !? "n £ ulllV ( mproJknown form of tho vohlolos prpduoo « l a sing" ' » ' , » , „ ion on tho EngliHh , and it ww Iwraaj doo gg ^ , thorn tho words Munich , Frankfor t , I art * J In a few months tho journoy botwoon Vtoona , on don will be ocpomplisbed la low th « n tbrco flftys-
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1420 TI g XEA P E B . [ No . 457 , Pecembeh , 2 V 1858 . ( — ¦ ¦— . . ... ; I II ^^^ M ^^^^^^^^^^ M ^^ W ^ M ^^ MMWM ^ MMMWWW ^ W'WM ^ WiW *""* * ' **^ " ^'"^" 1 !* " ^^""^*^ ' ^' 1 ''' ' * ™^*' ^** ^
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Leader (1850-1860), Dec. 24, 1858, page 1426, in the Nineteenth-Century Serials Edition (2008; 2018) ncse2.kdl.kcl.ac.uk/periodicals/l/issues/vm2-ncseproduct2274/page/26/
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