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REVIEW OF THE WEEK . Mincing Lane , Friday Evening . Business was resumed throughout the markets on Tuesday , and the first operations of the new year have been characterised by those features jphich have been most commended as contributing in no small degree to the healthy progression of trade in the year preceding . Both the buying and selling have been regulated solely by actual demand and supply , and current values * as usual under the circumstances , graduate to their
legitimate level , without any of those wide fluctuations that are always against the general interest of the bonajide trader . With matters in this sound and healthy position , the political influences which have acted so powerfully In some quarters have had little effect here . As , however , the peace of Europe is necessarily an essential requisite in the full development of trade , it can scarcely be even menaced for any lengthened period without being ultimately felt . The aspect of the political horizon is therefore viewed with considerable interest , and not without anxiety , although the generally expressed opinion leans to the more hopeful side .
GoRk .-r-The market opened on Monday with the usual limited supply of English wheat , and the demand being decidedly moire general , a ready clearance was effected at prices establishing an advance of Is . to 2 s . per quarter , an improvement that has been fully sustained in subsequent markets . Prime old white brought 50 s . to 52 s . ; select new , 48 s . to 50 s . ; good runs , 46 s . to 47 s . ; choice old red ^ 45 s . to 46 s . ; prime new , 44 s . to 45 s . ; runs , 41 s . to 43 s . ; common , 39 s . to 40 s . per qr . Foreign , of which the imports were also moderate , were held with increased firmness .: the primest Dantzic , 55 s . to 56 s . ; good , 51 s . to 53 s . ; Brabant and Louvain white , 45 s . to 47 s .- , red , 44 s . to 45 s . ; French red , 41 s . to 43 s . ; St . Petersburg * 41 s . to 42 s . ; Stamboul , 35 s . to 36 s . Flour has met a good steady demand at fully late rates : town
made , 40 s . ^ households , 32 s . to 34 s . ; seconds , 29 s . to 30 s . ; Norfolks , 28 s . to 29 s ^ per sack . The value of French is still well supported , the quantity offering being limited . American brands range from 22 s . to 25 s , ; sour , 20 s . to 21 s . per barrel . Grinding barley is easier to buy , in consequence of the recent large import from the Black Sea ; 23 s . is the top price of good qualities . Malting barley is , however , steady in value , and the quantity of fine on offer somewhat short . ? To quotable change has taken place in the value of malt , in which a fair amount of business is passing . The better qualities of beans have sold rather more readily . Peas are still dull of sale , partly in consequence of the mild weather . Oats are in steady demand , and choice sweet corn is the turn dearer . ? . .
Seeds . —The quantity of linseed on offer has been much reduced , and prices are steady , but the week ' s business has been upon a moderate scale only . Black Sea seed is worth 52 s . 6 d . on the spot , and Calcutta 51 a . 6 d ; , cost freight and insurance . Bombay seeds bring 45 s . for fine . Clover-seed is firm , with only moderate supplies . Potatoes . —The markets have been fairly supplied , and trade steady , at the quotations . York regents , 80 s . to 100 a . 5 Scotch , 70 s . to 80 s . ; cups , 60 s . to 60 s . ; Belgian , 60 s . to 70 s . ; Dutch , 50 a . to 60 s . ; French , 45 s . to 60 s , per ton . Live Stock .- —Trade for every description has been more active , and quotations are generally 2 d . to 4 d . per stone higher . The following were the numbers at market and the current prices : ~
Monday , Beast . Sheep . Calvea . Pigs , 3 , 005 18 , 050 110 800 3 s , lOd , to 5 s . Od . 3 s . l 0 d . to 5 s . 2 d . aa . Cd . to 4 s . Sd . 3 a . 0 d . totfs . Scl . Thursday . 850 3 , 650 125 150 Ss . lOd . to 5 s . Od . Ss . lOd . to Ca . M . Sa . Qd , to 4 a . 8 d . 3 a . Od . toSs . 8 d . Provisions . — The dead-meat markets have not been overstocked , and both beef and mutton have realised Bomewhnt , better prices . Teal and pork remain as before . To-day ' s quotations were—for bqef , 2 s . 8 d . to 4 s , 2 d . ; mutton , 2 s . lOd . to 4 s . 2 d . ; veal , 8 s . 8 d . to 4 s . 2 d .: pork , Ss . 4 d . to 4 s . 4 d , per stone .
Sugar . —Good strong refining qualities have met a steudy demand at fully Od . per cwt . advance , but growing Madras and Benares sugars have declined 6 d . to Is . per cwt . The general position of the market remains unaltered . Consumption progresses satisfactorily , And stocks aTe not excessive , nor are anticipated supplies greater than expected requirements . The production of Loaisl « nn , which was estimated some time ago at 400 , 000 to 450 * 000 hds ,. is not now calculated at over 800 , 000 hds . Porto Rico and Havannah arp set down at last year ' s average . From tiro East Indies an excess of 20 , 000 tons Is looked for , but the British West Indies will , it is thought , fall short 20 , 000 tons , The future course of prices has , therefore , every appearance of stability , The principal transactions this ireele have 'comprised 2800 lids . West India ; Barbadoes , low to fine yellow , at 89 s . Od . to 44 fl , 6 ( 1 , ; 13 , 600 fogs , Madras , good middling to
superior grainy , 44 s . to 48 s . 6 d . ; grocery , 41 s . 6 il . to 43 s . ; 13 , 000 bgs . Bengal , low to good mid yellcw Gurpattah date , 37 s . 6 d . to 40 s . 6 d . ; white Benares , 45 s . to 48 s . 6 d . ; Grainy , 45 s . to 48 s . 6 d . ; 1250 bgs . Pen an g , 39 s : to 40 s . " ; 700 hds . 200 brls . Cuba , Muscovadoe , 39 s . to 44 s . 6 d . ; 1270 bxs . Havannah , low - ' . oft to good strong yellow , 39 s . to 44 . S . od . ; . white 50 s . to 52 s . 6 d . per cwt . 5500 bgs . cloyed Manilla at 32 s . Gd . to 35 s . 6 d . ; and two floating " cargoes Havannah , together 2775 bxs ., Nos . 10 and 12 at 27 s . 3 d . and 28 s . for the United Kingdom . Tea . —There has been little doing all the week , but the public sales to- day evidenced a good current demand , and of 8400 pkgs . put up , 4300 were sola , inclusive of 2500 printed " without reserve . " Black leaf congous were in many cases Id . per lb . dearer , and all other descriptions brought full prices .
Spices . —No change has occurred beyond a slight improvement in the value of black pepper , in which a good business has been done at 3 ld . to 3 ^ d . good Sumatra . Coffee . —Prices have advanced Is . to 2 s . per cwt ., and the market is firm at the rise . The public sales have offered a fair supply , consisting principally of fine marks , and desirable qualities generally . Plantation Ceylon has realised 69 s . 6 d . to 82 s . 6 d . ; for low middling small to good bold blue , and 6 Gs . to 68 s . 6 d . for line ord . to fine fine ord . ; native Ceylons , fine ord . to superior bold , picked , 54 s . to 56 s . ; good , and very good ord ., 50 s . to 52 s . ; long berry mocha , 92 s . to 92 s . 6 d . ; Bahia fine ord . pale , 47 s . to 48 s . ; crushed , 52 s . The statistical position of the market is regarded as favourable to holders , stocks being light and the consumption large , and prices moderate .
Cocoa , —The market is still dull , but sales are not pressed in the absence of demand , and quotations are therefore tolerably steady . Rice . —Soft grain descriptions have been . purchased to a fair extent at fully late rates to 3 d . advauce , but in other qualities but little is doing . The market in general is , however , firm . Saltpetre . — -Increased supplies having been brought to public sale , prices have declined Is . per cwt . Refraction 16 £ to 4 £ , sold at 36 s . to 40 s . per cwt . Cochineal ,. — The public sales have been somewhat numerous , but do not appear to have exceeded the demand , and quotations are advanced Id . to 2 d . per lb . The buying is , however , induced more by the anticipation of deficient crops than by any immediate extension of consumption .
Safflower , with which the market -lias been better furnished / has sold with some unevenness , but current quotations are unaltered . Jute . —About 7000 bale 3 have sold this week at the full value of 15 ? . 7 s . Cd . for common short , to 20 / . 2 s . 6 d . for good bright . Cotton . —The markets are dull both here and at Liverpool , and prices are slightly in the buyer ' s favour . In the fprmer market the week ' s transactions are merely nominal , large supplies in public sale being chiefly bought in for want of demand . At Liverpool the week ' s sales are 34 , 500 bales . Hemp . —Both East Indian and Russian are in limited request at former prices .
METALS .- ^ -rManufactured iron is unaltered , but Scotch pig has declined to 5 8 s . 9 d . . An increase ^ business is , however , reported from Glasgow , at the reduction . Copper firm . Burra Burra , 118 / , to 114 / . Lead moro saleable . British pig , 22 / . 5 s . to 22 / . 10 s ; W . B . 28 / . per ton . Spelter is easier to buy , and-sales made at 23 / . for arrival . Foreign tin has advanced to 180 / . for Banca , and 128 / . for Straits , and now a further rise of 20 s . is asked on the latter . The stock in London is 970 tons . Plates are not altorcd . Oii-s .- —Beyond a continual demand for sporm , which has made 92 / . in public sale , no new feature has occurred in this market .
Tallow . —After a long and unfortunate stagnation in our general export trade , there is every appearance of a coming large demand for British manufactures , nnd this day ' s intimation of the pacific views of the French Government strengthens " the idea . Our stocks of tallow being moderate , not more than equal to our wants , wo may fairly expect steady prices for the next three , or perhaps four , months ; for our foreign supply up to that period is set down at less than it was lust year . Wo cannot attempt to show how muoh the speculative contracts open for March may influenco the prico ; neither J 9 it our duty to touch upon the various circumstances which may affect the market during the next summer and autumn , as these latter matters altogether belong
to another state of things , and do not in tores t oither the present holders or consumers . Within the past few days there has been a good deal of business doing . both for forward delivery , settlements , &c , and for consumption , and the price has risen n trifle . We leave off firm at 52 s . to 52 s . fid . spot ; 52 s . Jan . to March , buyers ; 52 s . G ' d . March , alone ; 51 s . 8 d . to 51 s ' . Cd . April to June ; 51 s . 8 d . to 51 s . 6 d . Oct . to Dec . - The accounts from St . Petersburg quote a trifle loss for August , % 6 & 10 down . Exchange , 801 . Tito public sales yesterday went off briskly at full prices . South American , 53 s , to 68 a . 6 d . j extra fine , 65 s . to 55 s , Od . ; Australian , 60 s . to Sis , ; town tallow , 54 a . 8 d , ; rough fat , 2 s , lOd . ; melted stuff , 88 s . 0 d .
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Brighton and South-Western Railways . — The dispute between these two companies came formally before the Vice-Chancellors' Court on ' Friday , when " vlr . Rolt , upon the application of the London , Brighton , and South Coast Railway , obtained an injunction ,. restrainingrtlie South-Western Company , from running over the disputed portion of their railway until the arbitrator , Mr . Harrison , has decided upon the terms on which the traffic from the Godalming ami Ha ' vant Railway is to be allowed to pass into Portsmouth . Fkench Railways . —The works of the branch line from Lisieux to St . Lo , on the line from Caen to Cherbourg , are continued with great activity . The rock through which , the road is cut , opposite the Castle of Agneaux , is being reduced by degrees , ami the passage
is nearly complete . The construction of the briilgo over the Vire has been interrupted by the water of thu river having mado its way into the foundations . The wuvks are more advanced at Font-IfcTjcrt than in tlie neighbourhood of St . Lo . A new bridge lms been built a . short distance below Pont-IIdbcrt . There arc about 100 men employed at the work . The director * of tho Northern Railway have prepared the plan of tho new station which is to be built next spring nt St . ( Jiientin . It is said that it will bo a grand monument , three times larger than the Strasburg Railway tor . miuu .-t . Tho works of the railway which , is to connect St . Quontin with Koucn , through Amiens , have been commenced . Tho railway from Paria to Ncvcrs is likewise in progress of execution . Tho works arc considerably advanced at the two extremities , Nevers and Fontainobleau .
Liaiumtv of Railway Companies . — At the Small Debts Court last week tho Glasgow and Smith-Wi \ st rn Railway Company wore sued for broach uf contract : — A boy , residing at MilHkon-pnrk , had purclmsed a second-clnsa season ticket to enable him to attaint M'houl at Glasgow , nnd travelled thither by a particular train . Tlio company withdrew the second-class currlntfo from that train , and insisted . that ho should travol in a thirdclass carriage , or pay tho dill'uronco between thu auconil and first-class fare to rido inn flrat-clasa carriage . Tho company pleaded that they were entitled , by thulr regulations , to make Avhat alterations thoy nloanoil in thuif trains . Tho Sheriff wild that , although tho company might nltor tho hour of tho train , or oven with'lniw ' (• altogether , thuy could not , as in this case , ounlimi" the train and withdraw tho class of corriagos running ut tho
time tlio contract was mado . Railway KATtHa . —An apponl by tho South-KftaU-m Railway Company against a poor rate nuulo for t » o parUliof ttuttle ou tho 1 st of J « ly , J 8 D » , was hourU before tho Lowes ihuglMtratos at tlio Quarter Serious on Tuesday luat . After hearing counsel on both » Wlv « , tho rate waa quunhedi and tho pariah a <| judfcjod to pay tlio costs of tho company . . MAUHUIbMtH AND ToUl . ON RAII . WAV . —Tho I \ UlUritOl of Public Works linn informed tlio contracton * for t » o qonstrnotlon of tho railway that ho daslroB It may im finished by tho end of : April noxt . and that it m » y do oponea to tho public In tbo beginning of Mny-
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HOME , COLONIAL , & FO REIGN PRODUCE MARKETS .
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58 TBCE IiE ADE K . _ [ No . 459 , Januaiiy 8 , 1859 .
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RAILWAY INTELLI GEENGXT .
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Tiik Great Western Railway Company have issued a ¦ notice that they have , " made " arrangements for t hu daily conveyance of goods by rail throughout to and from Manchester . " It is rumoured that this Company \ v ill be in a position , with the aid of the balance brought forward from the last half-year , - to pay a dividend nt the rate of 2 \ or 3 per cent , per annum . The half-yearly , meeting of the London , Brighton , and South Coast Railway Company is called fur tho 27 th inst . The retiring directors offer themselves for re-election .
The attendance at the special meeting of shareholders in the Great Luxembourg Company , held at Brussels on the 20 th ult ., having been insufficient to empower " -tho directors to issue obligations to thc ^ mofint . of 320 , 000 / ., another special meeting is called for the 21 th inst . in that city . A call of 2 / .. per share ( being the fourth ) , and makings with the deposit , 01 . per share paid , has been mado by the directors of the Ottoman Railway from Smyrna to Aidin . It is to be paid on the 19 th iust . After that date six percent , interest will be charged . . .
The North Eastern company have proposed to complete the purchase of the Hull and Selby Railway , giving the shareholders tho option of accepting ' North Eastern 4 per cent , stock in exchange fur their shares in the Hull and Selby , at -the rate of 112 / . 1 . 0 s . of such stock for every 50 / . share in the Hull and Selby , or that amount in money . At the meeting of shareholders in the Illinois Central Railway ' -Company it was announced that Mr . O .-boni ,
the President , has . tendered his resignation . A resolution accepting it was withdrawn , after sonic discussion , action in the matter being left to the committee . A -s-am of about 150 , 000 / . is required to meet the obligations uf the company during the present year . The proceedings included an interesting speech from Mr . Richard Cobden , who took a favourable view of the prospects of the undertaking . The report of Mr . James Caird is highly satisfactory . .
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Citation
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Leader (1850-1860), Jan. 8, 1859, page 58, in the Nineteenth-Century Serials Edition (2008; 2018) ncse2.kdl.kcl.ac.uk/periodicals/l/issues/vm2-ncseproduct2276/page/26/
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