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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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On Monday the half-yearly meeting of the Leominster and Kington Company was held . The report , which stated that the traffic had increased 20 per cent , during the last three months , was adopted , and a dividend declared of 4 per cent . The half-yearly meeting of the Chester and Holyhead Railway Company is called for the 18 th inst . ; and that of the Pernambueo Railway Company for the 8 th April . A statement has been issued by the London direetors of the Grand Trunk Rail way , Coin pany of Canada , Viz / Messrs . Thos . Baring , George Carr Glyn , Kirkman I > . Hodgson , H . Wollaston Blake , and Wm . Chapman . These gentlemen declare their conviction thatassuming that the total capital on which
, interest will have to be paid may be ten millions sterling , the profits oh the completion of the undertaking will be " more than sufficient to pay 6 per cent , on the whole debenture and share capital of the Company . " They consequently " feel that the board have adopted the best and most equitable mode of raising the necessary funds by the proposed new issue of 1 , 111 , 500 / . Second- Preference Debentures , which , with the 2 , 000 , 000 / . of First Preference already issued , assume the position originally occupied by the Provincial Debentures of 3 , 111 , 500 / . " At the meeting of the Edinburgh and Glasgow-Company , on Tuesday , the allowance to the auditors was increased from 25 / . to 50 / . per annum . A dividend of 34- per cent , was adopted .
At a monthly meeting of the Railway Companies ' Association held on Thursday , at the Kail way Clearing House , it was stated that the measures which they are , in connexion with the pi-oposed re-appointment of tl * e select committee on railways , desirous of bringing forward , for the purpose of placing on a . fair and equitable basis legislation on railway property , cannot be brought Under the consideration of Parliament until after the . second reading of the Reform Bill . Several important motions , of which notice had been given , were postponed , in consequence of the absence of members who were obliged to attend the important parliamentary proceedings connected with their respective eompn-nies . :
At the half-yearly meeting of the Glasgow and Southwestern Company , on Wednesday , a resolutiou was carried declaring a dividend , at the rate of 4 £ per cant , per annum , on the ordinary consolidated stock , and on the Ardrossan guaranteed stock . The Kc-ndal and Windermcre Company , on Tuesday , declared a " dividend of 4 s . Cd . per share .
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Continentai . Railways . —The directors of tlie Western Railway of France are using great activity in the complotion of the branch lino from Honflouv to Pont rivvequc ; 2 , 000 additional labourers were on the 1 st inst . placed on the most difficult ; part of the ' ¦ ¦ w ork , from Honfleur to Pont l'JEvequo . Accounts from Rome state that the contractor for tho lino from CivSta Vecchia to Rome has bound himself to open it to tho public on the 1 st of April . Loco- * motives may in a few days puss over the . entire line . Surveys have been made of" tlio proposed lino from Rome to tho Adriatic * and the works arc to bo immediately comnicncod .
Mktiioi / omtan Railway Bh-i . h .-t-TIiq copies of Admiralty reports under tlio Parliamentary Inquiries Act , include various metropolitan sohomos . Assents arc given to the bills for the Wost London Railway ; tho Victoria Station and Pimllco Railway ; tho JSTorth London , Paddingtnn , Richmond , Hamptoncourt , and Kingston Railway ; tlio South Metropolitan and West minster Station ; and tho Victoria Station and North Western and Great Western Junction Railway . Of the West London and Pimlioo Railway Bill their lordships consider It objectionable in principle , and withhold their assontto tlio portion , of tho lino extending boyoml tlio first one niilo and three-quarters .
Tub Nuiitii Wkstkux ami Ciukat Nuiithkrn Oowi'ANiics . —On Thursday , a bill , promoted by tlio London and North Woslorn , tho Groat Northorn , und tho Manchester and Sliailluld Hallway Companies , for power to ormble thorn loentorlnto arrangements between thomsolvos for a mutual interchange of goods niul piiHSougors , from one syfitoin , to another * over tho whole longth of their roHpootiyo systems , wnp finally sanctioned by a Coniinlttoo of the Hotfsu of Commons , of which Mr . \{ ld \ vy was chairman .
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KEViEW OF THE WEEK . Friday Evening . The political news , wliicli has caused so mucli buoyancy in public securities , lias liad very little effect in these markets , which have been more than usually dull throughout the week . A more hopeful view of Continental affairs has been very generally expressed , but the almost entire absence of speculation and the bond , fide chai % acter of trade render the markets extremely unsusceptible to mere conjectures of any kind , and until the arrangement of existing comp lications takes a more tangible form , not much improvement is expected . ( 5 orn . — rThe dulness in the corn trade is still unrelieved , and although supplies are not by any means pressed , quotations graduate in the buyer ' s favour , The best qualities of English wheat have met a steady sale at about late rates ; but secondai'y and deteriorated samples have offered at Is . to 2 s . decline , ¦ without finding very ready buyers . Foreign wheat is held for late rates , at which it moves off in retail quantity only : The flour trade is tolerably steady , and prices are without the slightest change . Barlej 1-of all descriptions meets a fair demand , at prior quotations . Beans and peas were rather cheaper in the early part of the week , but closed without material change to-day . The supplies of oats in granary are diminishing , and prices are . consequently firm . ;¦ ¦' . ' A . r ? 'ii ; als . ' ¦ ¦ . " ... English . Foreign . Wheat ( quarters ) 5 , 007 .. < M 74 Barley „ ¦ . 3 , 177 .. 310 Malt „ .. 10 , 500 . .. — Oats „ 7 , 255 ... . ¦ 3 , 005 Beans ' „ ' 723 .. — - Peas „ 172 .. « 172 Flour ( sacks ) ............. 14 , 031 .. 973 ¦ London Averages . s . d . Wheat ( quarters ) ......... 2 , f > GG .. 43 3 Barley „ ¦ .. ¦ 30 /> .. 34 3 Oats . „ 3 , 805 .. . 24 0 Beans . ~ ,, 2 ( 54 ... 38 2 Peas „ ; . 172 .. " 38 8 Seeds . —The week ' s arrivals of linseed are 4 , 100 . quarters , consisting of 1 , 900 East Indian and 2 , 000 Black Sea . Prices tend slightly in the buyer ' s favour . Sellers of Bombay at 55 s ,, and . Calcutta at 51 s . to 53 s . Several cargoes of Black Sea and AzofF , waiting orders at Fa I mouth , are offering at 52 s . 6 d ., delivered U ^ K . Fine sound Calcutta rapesecd is scarce at 51 s . to 51 s . 3 d . Fine Bombay is worth G 2 s . on the spot , and 61 s . for . arrival . Sesame , tool , and Gingelly are of slow sale . In ¦ clover seed a good business has been concluded ; choice white at . the extremely high prices of 1 . 00 s . to 105 s . ; good , 80 s . to 90 s . ; English red , 84 s . to 80 s . for choice samples , and 72 s . to 80 s . for good . Trefoil inactive . Oit . CAicx : s remain in steady demand at recent quotations . Potatoes . —Trade continues very steady , and supplies somewhat large . York Regents , 70 s . to 100 s ' ; flukes , 90 s . to 110 s . ; Scotch Regents , 40 s . to 80 ? . ; cups , 40 s . to 55 s . ; Dunbar Regents , 703 . to 85 s . ; cups , 55 s . to 65 s . ; French , 40 s . to 50 s . per ton . Live Stock . —The supplies of all descriptions of stock continue light , notwithstanding the proscnt high price . ? . The demand , although not brisk , has effect upon a scanty market , nnd quotations have still an upward tondonoy , sheep having made 2 d . to 4 d . advance . Tho following show the numbers at market and current quotations : — Monday . Boasts . Sheep . Calves . Pift's . 3 , 005 10 , 450 103 4 ' 20 4 s . 4 . d , to 4 s . lOJ . 4 s . 8 d . to 0 a . ' 4 s . 4 d . to 0 s . 3 s . 4 d . to 4 s , 4 d . Thuralny . 800 0 , 050 ISO 200 4 s . 4 d . to 4 s , 10 cl , 4 s . 8 d . toOs . 4 u . 4 d . to 0 a . ! 3 s . 4 d . to 4 s . 4 d . PnovisioNS . —Tho dead moat markets havo been moderately well supplied , mid trade not over good ; butpricos are higher , in consequence of tho doarnoss of Uyo stock . Beef this morning sold at -3 s . id . to 4 s . 4 d . 5 mutton , 3 s . ^ d . to 4 s , 8 d . ; voal , 4 s . 4 cl . to 5 s . ; pork , 3 s . 8 d . to 4 s . 8 d , per stone by Iho carcase SuaA . it , —Tlio market is exceedingly dull , and , although supplies have boon brought forward sparingly , pricos havo , in nearly every ease , luicl a drooping tondonoy . Good strong Porto Rico and Cuba JnuscavacWs , from tlvelr scarcity , are exceptionally flrm . Madras is decidedly clionpor by flu , to Is . per owt ,, and othor Imports nro the turn of tho market to fld . lower . Tho sales of 57 , 000 bugs Java in ¦ Holland by tho Netherlands Trading Company ,
opened at a decline ofl tp- 2 fl ., but closed at a slight advance on . the November currency . This result has had no appreciable effect here . Arrivals this week have been moderate- and , as large deliveries can hardly follow the present rate of selling , stocks are likely to show some increase in future returns . In floating cargoes the business is nil . Refined sugars are taken off slowly , but prices remain steady . Coffee is very firmly held , and in the few
transactions occurring on the spot , extreme prices are paid . Mocha and Foreign East India kinds have realised very full prices . Floating cargoes of Rip and St . Domingo are in demand , and three hav e sold for the Continent , namely , one St . Domingo , for a near port , at 48 s . ; one common first Rio , for the Baltic , at 47 s . 3 d . ; and another of Rio , for Triestej at 48 s . per cwt . The Rio news is favourable to holders , and on the continent the markets continue extremely firm .
Tea . — Beyond the sale of some 3 , 000 or 4 , 000 cwts . damaged teas ( salvage ) , scarcely anything has been done . Common congous are quoted Is . l £ d . and is ; lfd ., Avliich is a shade easier . The present stock in the Kingdom is 67 , 399 , 000 lbs ., against 74 , 528 , 000 lbs . last year . The quantity afloat is 18 , 800 j 000 lbs ., against 17 , 900 , 000 lbs . last year . Cocoa engaged a very little attention . The Government contract for 100 has been supplied from Guavaquil imports .
Rice . — Transactions are inconsiderable . The present stock comprises 32 , 000 tons Bengal , principally low and good white ; 14 , 000 tons Rangoon , about one-sixth good ; 7 , 000 tons Necranzie about one-third good , 6 , 000 tons Moulmein , about one-fifth good ; the remainder of these parcels , as well as 3 , 000 tons sundries , is of ordinary quality , and the total stock is about 76 , 000 tons . The quantity afloat is 4 , 500 tons . , S \ xTrETRE .- ^ -Fine qualities have receded 6 d . to Is ., but mediuni kinds are steady , and a limited business is doing . CocnixEAL has been dull of sale until to . day , when the public sales went with some spirit , the greater portion selling , principally ,. it is thought , for export to the East . Prices are not materially altered . ;
S-VFrr . owJEii sells steadily ut full prices . SiiEi-LAC- —I > C orange is in demand , at 95 s . pei cwt . Ci ; tcii remains steady . Gambier in great request at 15 s . 9 d . to 16 s . per cwt . Cotton . —At Niverpool a fair amount of sales has been effected at full prices , the American news favoring the rimrket . In London but little is passing , but holders arc indifferent sellers at present
quota-. Hi : mi « . —AH descriptions quiet , but steady . Mi : tai . s . —Scotch pig iron has moved up a little , touching 52 s . The shipments are better . Spelter has been sold at 21 / . 5 s , for small plates , which is cheaper . In other metals tlie changes have been unimportant . Oir . s . —lansced sold at 29 s , 3 d ., at which there are now buyers , but few sellers , 29 s , Gd . being demanded . I ^ or future delivery scarcely anything doing . Rape Oil is dull of . sale on the spot , at 44 s . to 44 s . Gd . for foreign refined , 4 . 1 s . to 41 s . Gd . for foreign , and 40 s , for English brownl Business has been done for delivery , extending into the autumn and winter months , at 40 s . for foreign brown and 43 s . for pale , hands
vSeveral hundred tuns of Olive have changed at rathor easier prices ; a cargo of Tarento , in store , at 40 / ., and some Candia at tho same price ; Malaga is scarce , and brings 48 / . readily ; Gallipoli 487 , 10 s . to 497 . ; Mogadoro barely 43 / . ; a cargo of Gallipoli sold at 40 / . 10 s ., cost freight and insurance to the Baltic . Tarento floating oilers at 45 / . 10 s ,,, cost freight and insurance to tho United Kingdom , with option of contract at 10 s . extra'freight . Cpcoa nut in Recond hands passod at 40 / . to 40 / . 10 s . for Ceylon ; Cochin quoted 42 / . to 43 / . Palm arrives freely from Lagos , offors at 43 / . 10 s . Sporm seiirco , and worth 100 / . for American , and 102 / , for fine Colonial ; Coil 35 / ,, but tho stock nearly all in second hands .
TuRi'KNTijris . —The sales nro 3 , 750 barrels , at 10 s . for inferior to 11 s . for good , No arrivals at this port , hut some oft tho coast , chiefly imported , by distiller * . Tho price of spirits is barely supported 5 Amoriean barrels otter at 44 s . per cwt . T . vr . i . owa . —On "Wednesday , many settlements of contracts for tlie month wore made at 52 s . ; but the consumptive domand has boon very slack ; still there has boon no undue pressure wpoii tho market . The price at St . Petersburg does not admit of sales at our rates 5 and tlio arrivals from both tho Baltic anil tlie Black Sea will be sotnowhat later than was expected . Wo may look for 2 , 000 ov 3 , 000 casks from South America by tho end of May ; but wo understand thp
arrivals from Australia will be light . The market closes quiet at 52 s , spot ; 52 s . all the month ; 52 s . April- -. Jane , and 62 s . October—December . The public sales to-day were flat ; no buyers . Town tallow , 53 s . Gd . rough fat , 2 s . 9 id . ; melted staff , 4 OS . ¦ ' ¦ ' ¦ " ¦'¦¦ : ¦ ' :. . ' ' ¦ : " ¦ ¦ '
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HOME , COLONIAir-AND FOREIGN PRODUCE MARKETS .
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V No . 463 ; Mabcr 12 , 18591 OTE tfaDEB .: 349
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BAILWAr INTELLIGENCE
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Leader (1850-1860), March 12, 1859, page 349, in the Nineteenth-Century Serials Edition (2008; 2018) ncse2.kdl.kcl.ac.uk/periodicals/l/issues/vm2-ncseproduct2285/page/29/
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