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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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EEVIEW OF THE WEEK . ^ , ¦ ¦ ¦ . Friday Evening , The only obstacle to increased business has been the uncertainty which prevails respecting peace or war . The sales for home consumption have been of an average character ; but , certainly , purchasers have been restricted in their operations by causes which have reference to Continental embarrassments . If any thing , the prices of produce , generally , are a shade lower . ht f
Sugar . —The extensive public sales broug orward attracted much attention , and a good portion was sold ; but with the exception of the Java , which was of superior quality and realised prices above the valuation , the market was without animation and prices mostly a little under previous terms . British West India . —Fresh supplies are not yet on show . Mauritius . —Good yellow , 42 s . to 42 s . 6 d . ; crystallised middling yellow , 43 s . to 44 s . ; good and fine , 45 s . to 46 s . ; white ( duty 16 s . ) , 47 s . 6 d . to 49 s . Bengal . —Benares , 42 s . 6 d . ; -white , bought in at 43 s / 6 d . to 46 s . Penang . —Middling yellow , 41 s . 6 d . Madras . —Native , good brown , 32 s . ; yellow , 34 s . to 34 s . 6 d . _
Foreign . —At the public sales , 2 , 934 baskets strong Java were nearly all disposed of at full prices to is . above the valuation ; fine brown ( duty 12 s . 8 d . ) , 40 s . to 41 s . ; middling to good yellow ( duty 13 s . 10 d . ) , 42 s . 6 d . to 45 s , ; fine yellow and gray , 46 s . to 47 s . 6 d .. and white ( duty 16 s . ) , 47 s . to 49 s . ; Clayed Manilla ' sold at 38 s . to 38 s . 6 d ., being ' 3 d . to 6 d . lower ; Havannah florette ( duty 16 s . ) bought in at 46 s . to 48 s . ; yellow . 41 s . 6 d ... to 42 s . ; ordinary to fine brown , 38 s . to 40 s . 6 d . ; washed brown and yellow , 36 s . 6 d . to 42 s . ; florette ( duty 16 s . ) 45 s . to 46 s . By private contract Havannah , brown and yellow , together averaging about No . 11 , at 42 s . A floating cargo of 4 , 000 bags brown Pernambuco has been sold for the United Kingdom at 2 Is . Gd . landing weights . Havannah of the new crop , No . 12 , at 29 s . for London .
Coffee . —Plantation Ceylon in public sales went off at about is . per cwt . above previous terms ; low middling small , 73 ; middling , 75 s . to 77 s . 6 d . ; peaberry , 81 s . to 85 s . 6 d . ; the good bluequality bought in yesterday , was afterwards taken at full prices ; clean garbled yellowish Mocha , first class damaged , 85 s . 6 d . Cocoa . —The fine qualities of Trinidad find ready buyers at extreme rates , but other sorts are neglected ; fine red , 65 s . ; San Antonio , 71 s . to 7 Gs . "; Grenada bought in at 40 s . to 42 s . Tea . —The letters by the China mail were delivered this morning , and the market has decidedly improved , Black leaf Congou sold to a limited extent in many instances at $ d . advance , and Is . 2 $ d . has been paid for very good common Congou .
Hice . —Bengal , white low and middling , 8 s . to 9 s . 4 £ d . ; fine 12 s . to 12 s . 3 d . Necranzie Arracan , 8 s . 3 d . to 8 s . 4 £ d ., and Rangoon at 8 s . Saoo . —The parcels offered by auction Avcro held above the previous value and bought in . AiutownboT is dull of sale , and the parcels in auction were only partly disposed of . St . Vincent , 3 d . to 4 : } d . ; fine 7 d . ; tins , 3 £ d . to 5 d . ; tins of the mark NG bought in < l £ d . PiMiiNTo , 3 d . to ajd . Cassia HUignka has declined Is . per cwt . ; ordir nary , first pile 88 s . to 89 s , ; second , 80 s . to 87 s . ; third , 82 s . Mack . —Of middling shipping quality , Is . , 2 d . to is . 3 d .
Nutmisgs sold rather choapor ; small Is . ( 3 d . ; middling Is . 8 d . to Is . 9 d . ; good middling 2 s . per lb . SAL ' fj'JiXRjj , ^ - Of Bengal , averaged a reduction of Is . Cd , por cwt refraction ; 134 pov cent . 37 s . Gd . to 38 s , Gd . ; f > i to 4 per cent . 40 s . to 41 s . } and 2 ' } x'or cent . 41 s . to 4 Is . Gd . Jutic . —The market continuos dull , with drooping prices . Hew . —Manilla greater . part , bought in fair at 23 Z . j ordinary , indirect , 22 / . 10 s . ; damaged , first class , of tho former 21 / . 2 s . Gd . to S 21 / . 7 s . Gd . ; of tho latter 21 / ., oxoopt vory low lowest sold at 0 / . 5 s . to 10 / . 5 p . Com Yaun . — Coy Ion , 25 / . por ton .
Cochineal . —Of tho recent arrivals of Mexican , M bags wore ollbrixl by auction , nnd sold at 3 s . 9 d . to 4 s . for black , and )) s . 4 d . to 8 s . Gd . for silver , tho latter beting Id . lower , Honduras silver partly ut 3 fl . 3 d . to Us , Gil . SAiaaowKit . —Bongftl , being nearly all the remaining unsold Block , sold rather irregularly , commencing cheapor , but closing with moro firmnoss , nfc tho previous value ; prices ranged from £ 4 Ss ., for low anil looso quality , to £ 9 10 s . for very good .
Gits . —Cocoa-nut is only in limited request at previous prices . 1 Palm Oil . —There is not much business doing , and fine Logos is worth jE 44 10 s . to £ 45 . ILinseed ;^—maintains previous prices , but business is hot active . - . Kapeseed . —The demand is without improvement , and good to fine Calcutta may be bought at 45 a . to 49 s . Fine Bombay Guzerat is worth 57 s . to 58 s . Castor Oil . -r- Ordinary seconds at 5 &d . to 5 Jd . Tallow ;—The market for YC is quiet at 53 s . 3 d . on the spot , and at 54 s . for the last three months ' delivery . Ijnseed Oil is quiet and rather easier , the present price being 28 Z . 15 s . Rape Oil is steady with no change in prices .
Tin . —Advices from Holland state that the quotation there is reduced to 79 f ., but the rise in English will probably enable sellers to recover the fall . Tin plates are 6 d . per box dearer , I C coke being now worth 26 s . 6 d . to 27 s . Scotch Pig Irok .: —The market exhibits a slight improvement , and closes at 51 s . 6 d . cash , formixed numbers . Spelter . —The market is quiet but there are no sellers under 211 . 15 s .
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A special meeting of the Portsmouth Company was held on Thursday . The solicitor read the heads of a bill authorising the amalgamation of the undertaking with tliiat of the London and South-Western Company . A long discussion ensued , in the course of which an amendment was carried , to the effect that the bill be not approved unless within one month from that date , certain proposals were accepted by the ¦ South ' -West era Railway Company , and that an agreement to that effect be sealed by that company . The directors of the Great Southern of India Company paid oh Thursday into the treasury of the India-office . £ 70 , 000 , making , with £ 50 , 000 alreadypaid , £ 120 , 000 . This amount does not include the sums which have been paid in Madras . . ¦
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Milford IIaven . —Route to Ireland . —Mr . J . Orrell Lever , M . P ., the founder of the Gahvay line of steamers , and one of the directors of the South Wales Railway Company , had . an im ^ portant meeting with tho leading gentry of Pembroke , on Thursday evening-, for the purpose of concerting measures for the full development of the capabilities of Milford Haven , as another route toGalway for Southern traffic . Amongst those present were the high sheriff of the county of Pembroke , William Owen , Esq ., Mark Saurin , Esq ., of Orielton , John Adams , Esq ., J . P ., of Holyland , the Mayor of Havxjrfordwest , E . Stanley , Esq ., D . L ., the Rev . Mr . Ilort , Dr . Thomas , D . L ., J . P ., William AY alters , Esq ., banker ; Messrs . Ford and Jackson , Mr . Birchenougl ) , London ; Mr . Cantwell , Dr . Gray , Dublin ; together with leading merchants of the
district . The most earnest determination was manifested by the gentlemen present to give to Mr . Lever the most efficient aid and support in carrying out the several views enunciated , amongst which were the establishment of a rapid line of steamers between South Wales anc 3 Waterfonl for postal communication with tho south of Ireland , and the placing suitable steamers Jon Jfrom Milford to the several prin- ^ cipal ports of the south of Ireland for general traffic . The strongest feeling was manifested in referenco to tlie carrying out of theso views , and it is believed arrangements arc being made in tho borough of Pembroke to return at tho coming election a commoreial representative , who will give his whole time , energy , and attention to their development . Tlvo gentry and Londoners present pledged themselves to give tliis movement every effect .
Railways jn I ' outiioal . — -Tho debate on tho railway question is going on in tho Portuguoso Cortes , but it were premature as yot to predict anything as to the result , although tliero is still every probability that Sir S . J ' oto ' s party will bo successful . Mr . M'Koone , Sir S . Poto ' s- manager , has roturnod to England . Ro . man Kaimvav , — According to a telqgram rouoivoU on Tuesday , tho lino from Homo to Civila Vecoliiu was to bo oponud to tho public lust Thursday ' ,
Austhiax Lines . —A flow days ago tho Vorontv-Tricsto Railway , owing to tho most vigorous oxortions of the Ministry , was opened for regular traffic ; a continuation of tho lino to BoUon is in progross , and likowiso near completion . This rbatf , as connecting tho North Italian plain with tho valleys of Southern Tyrol , and linking tho Gummnic territory of Austria to her Lombnuliun possessions , must bo considered as ouo of tho mont important stratoglcal Inos of communication .
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The National Flax Company ( Limited ) . —Three has latterly been a complaint of the yield of flax not being equal to the demand , and it is moreover stated that this deficiency comes at a time when there is an increasing demand for our linens . Under these circumstances , a company comes forward to promote the growth of flax in this country , an agricultural proceeding that has been much neglected . It is calculated that very large tracts of country at home can be brought into profitably growing flax ; and greatly enlarged means taken to import it from our colonies . It is also found great defects -exist in the process of preparing flax for manufacturing purposes ; aiid the Company has at its disposal the patent and services of Mr . G . A . Cator , which will place us on a level , if not put us in a superior situation to that of the Belgian and German manufacturers . Altogether the prospectus oi this Company is well worthy of attention .
The South Devon Iron and General Mining Company ( LiMiTED ) . ^ -This company , which was in the market for ; £ . , 000 a week ago , has already raised £ 40 , 000 of this sum ; enough to obtain com .-plete registration . This concern , promoted as it is by persons of known respectability in London , and its mineral worthiness vouched for by competent people on the spot , can be floated noAv-a-days with a degree of ease that would have puzzled long heads ten or twenty years since . The fact is , that , as in the case before us , a few men of character and position- —not nobodies , or worse—who under the old regime ^ dared only to invest furtively in other than incorporated companies , now venture not merely to avow their connexion with , " limited " bodies , but also to invite their acquaintances to join them . The " wiseman of the east , " ,- when he staked hisfirst pound staked also his last shilling , was never likely to persuade his fellows into his company as but that
shareholders with any energy ; now a pound share is a pound share , and the public are beginning to see the working of the Act , he can back his own opinion with spirit , and pointing to his own investment can challenge his neighbours to a similar one , without any uncomfortable visions of future responsibility . This projectem braces the working of rnariy mines—iron and tin , chiefly known as The Atlas Iron and Tin Mines , in the Dartmoor Granite River . Undoubtedly the working such mines is ^ legitimately within the scope of a joint-stock association , being , beyond the power and capital of individuals . The reports of the inspectors are full and explanatory ,, and will enable any one to judge for themselves of the feasibility of tho project and the ijrospects of working . No less than five large plans and maps give every particular as to the position and nature of the property to bo worked , which haa the peculiarity of being a freehold , exempt from royalties , rentsor surface damages .
, Tub General Patent Company . —Every one has heard a dismal talo , or has known a lamentable instance of an inventor losing or sacrificing tho result of some great invention . There are too many instances of men of genius wasting their lives in pursuing some great idea , which , when worked out , ben efits the world , but ruins him . Too often also , at tjic last moment , ho sells his idea for some small sum , and thus sacrifices long years of study and toil just at tho moment it wouldland him on competency and comfort . Nor is tho inventor the only suflbror ,
for society doubtless often losos tho advantages of important discoveries , because the discoverer has no means of pursuing his experiments , or abandons thorn , because ho has no hopes of carrying them into practice . The General Patent , Company professes to remedy those evils , and to assist tho young discoverer to promote tho completion of all eorvlooublo am ] practicable invontions . There can bo no doubt that if it fulfils its intentions and promises , it will 4 o a groat deal of good , both tomenof talwnt ami society at largo , and at the same timoyiokl n vory iair profit to its supporters and shareholders . Business lias toon
China : Stath or Tjuoe . — dull at Hong tfong during the lust iovtmeht . but brisker , especially in imports , at Cm ton . 1 ng thu liiMl fortnight wo have only to notq t o departure of three vessels for Grout Uriluin , with leu : — From Ca ton , tho Glomlowr , with 504 , 800 lbs . too . ; . Or sli wUll 489 , 800 lbs . From Full-cliuu , the lloroi loin ' , with ' 030 , 800 lbs . JTroin Shanghai , none . Tho toml export of tea for tho season amounts to 39 700 out ) lbs . To tho United Status thora bus been no cloimrtiiro since tho despatch of'last mail , lho total cxnyi ' fc ol' tea for tho season amounts to
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— ¦ - . - ... ,, —^^—^^^^^—^^ JOINT-STOCK COMPANIES .
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At the half-yearly meetiog of the Surrey Consumers' Gas Company , the report and accounts were at once adopted . The dividend declared was at the rate of 8 per cent , per annum , the amount available being ^ £ 5 , 399 , of which . £ 5 , 017 will be absorbed , leaving a balance of £ 382 to be added to the credit of the revenue account .
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lSTn . 47 ^ April 1 & 1 ^ 9- 1 THE LEADER . 507
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H 0 ME > COLONIAL , AND FOREIGN PRODtJCE MAEKETS .
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RAILWAY INTELLIGENCE
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Leader (1850-1860), April 16, 1859, page 507, in the Nineteenth-Century Serials Edition (2008; 2018) ncse2.kdl.kcl.ac.uk/periodicals/l/issues/vm2-ncseproduct2290/page/27/
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