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Leader (1850-1860), 18th September 1858, Edition 1 of 2, Page 980, Untitled Article

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      declari ng a dividend at the rate of 3 £ per cent , on the ordinary consolidated stock and the usual payments on the guaranteed and preference shares having been moved and seconded , Mr , Meiklam moved , as an amendment , that as fully as it could be done with prudence , all predetermined work should cease on Sabbath . The resolution was carried on a' show of hands , the amendment being consequently rejected . Edinburgh and Glasgow Railway Cosipany . — Qn Tuesday the half-yearly meeting of the shareholders of the Edinburgh and Glasgow Railway Company was held in the offices of the company , Dundas-street , Glasgow , Mr . Blackburn , M . P ., in the chair . The chairman remarked upon the decrease which had taken place in the traffic receipts . The directors were sorry to see a falling off in the returns of the half-year ; but

      the decrease was common to all the railways . On the motion of the chairman , seconded by Mr . Dunlop , a dividend of 5 per cent , on preference , and 3 per cent , on ordinary stock , was declared . ;; Pembeoke Dock and Tenby Line . —Some six weeks ago we advocated the propriety and the necessity of at Once constructing a line of railway between Pembroke Dock and Tenby . "We are pleased to learn that there is now a prospect of the line being speedily commenced . During the past few days Mr . Hamilton H . Fulton , C . E ., of Westminster , has been engaged in surveying the proposed line , and finds no engineering difficulties whatever . It will be a surface line and will not cost more than 5000 / . a mile . It is supposed that most of the owners of the property through which the intended line will pass will take out the value of the lands in shares and at agricultural prices . —3 Iilford Telegraph .

      Chester and Holthead Railway . —Yesterday the half-yearly general meeting of the proprietors was held ajb the Eustbn-station . The report contains a statement of '' assets and liabilities which . exhibits aja estimated balance of 15 , 282 ? . 11 s . in favour of the company , after liquidation of all claims , including ^ rep lacement of the revenue receipts applied to the payment of capital charges . The traffic receipts of the half-year exhibit a decrease of 4573 ? . 10 s . lOd . in the earnings of the railway , as compared with the corresponding period

      of the year previous . The falling off is principally under the head of " goods ; " the receipts from merchandise traffic have not been affected . A balance of 56 , 1487 . 18 s . Id ; is shown to the credit of revenue account , which , after providing for debenture interest and other first charges , leaves the sum of 22 , 351 / . 17 s . 5 d . available for division . The directors recommended the declaration of a dividend , as fpY six months , at the rate of 5 £ per cent , per aniyam , on the first Preference Stock of the company ^ j f three months . t p _ aj « f ]^ p ^^ Vi fY Ifl ^ a " t the rate of 5 per

      North-Western Company , was gy probab this balance would be somewhat reduced . The directors proposed to-day to take powers to issue a permanent debenture stock , which would be offered in the first instance to the shareholders , and then , as fa vourable occasions might arise , to the public . In moving the nidoption of the report , he was glad to say there was now every prospect that at no distant period the ordinary shareholders would be receiving a dividend . Mr . W . O . Stanley , M . P ., seconded the motion . The report was adopted , and the dividend declared in accordance with its recommendation . A resolution -was then passed , authorising the ' directors to create a J ? our per Cent . Perpetual Debenture Stock .

      it hihl le that Sent , per annum , on the second Preference Stock , leaving a balance of 16637 . 8 s . 70 . to be carried forward to the current half-year ; balance to credit of revenue , 22 , 35 U . 17 s . 5 d . ; dividend on first Preference Stock at 5 * per cent , per annum , 17 , 3257 . ; . dividend on second , Preference Stock at 5 per cent , per annum , 33637 , 8 s . lOd . Total—20 , 6887 . 8 s . lOd . Balance—16637 . 8 s . 7 d . The dividend warrants will be made payable on 15 th December next . The chairman , Mr . Jackson , said that the accounts showed a balance of 16637 . to be carried forward to the next half-year , but it was right he should state now that , owing to an increase in the working expenses under the agreement with the London and

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      generally are firmer in consequence , and where a temporary cessation of buying occurs , sho ? v no disposition to force on business , but await its revival with confidence . Corn . —The auspicious weather , which has prevailed most opportunely during the present week , has enabled farmers in the late districts throughout the kingdom' to carry the remaining crops in excellent condition , and . harvest may now be said to have been brought to a most satisfactory conclusion . And to this circumstance , coupled with some increase in the supplies at Marklane , may be attributed the evident disinclination of the trade to purchase beyond the bare sufficiency for immediate wants . Farmers and factors on the other hand

      gather confidence from the position of foreign markets , which is such as to preclude any immediate prospects of large or even average importations . By these means business is checked , and so also is any material fluctuation in prices . At Mark-lane , only the prime qualities of English wheat have been in demand , and these have realised steady prices , whilst inferior grades , of which the supplies have chiefly consisted , have hung heavily on hand although offered at Is . to 2 s . reduction ; prime white samples from Kent and Essex made" 50 s . to 51 s . ; down to 17 s . to 49 s ., for good useful qualities . Foreign wheat , of which tho imports have been moderate , has been taken . in retail quantity at about former prices : Dantzig , 53 s . to 55 s . ; extra prime ,

      56 s . to 58 s . ; fine Rostock , 51 s . to 52 s . ; French , 45 s . to 46 s . ; St . Petersburg , 41 s . to 4-ls . ; and inferior Russian , 38 s . to 40 s . per qr . Flour has been purchased sparingly , and prices in many cases are barely sustained . The top price of Town made , however , remains at 43 s . ; Town households , 36 s . ; No . Twos , 32 s . to 33 s . ; Country households , 33 s . to 35 s . ; Seconds , 30 s . to 32 s . ; and Norfollcs , 30 s . 6 d . to 31 s . pprsnck . French has sold in lhuitedqutmt ity at 37 s . for fine , but little American is on offer , and advices of a continued absence of shipments have been received . Holders are consequently very firm in their demands for all prime qualities ; fine New Orleans held , at 24 s . to 25 s . Of the somewhat increased supplies of barley , choice samples , which comprise but a small proportion ,

      find a ready sale at the full terms of 44 s . to 45 s . ; inferior malting kinds are however dull . Good grinding sorts are still in request at quite ' ate rates . Malt is purchased sparingly , choice ware held at 72 s . With rather better supplies of beans , purchases have in partial instances been made with some advantage in terms . ; -lmt scarcely any change can be made in ge-Seral quotations , and fine old samples are fully sustained in value , Peas continue scarce and dear . Oats of really prime quality and condition are not over plentiful , and command full terms . A few have arrived from Ireland , and bring 31 s . per 42 lbs . Good foreign are worth 24 s . to 24 s . 6 d . ; but the bulk of the supplies consist of low Russian , out of condition , and they sell slowly at prices ranging as low , as 20 s . to 21 s .

      Seeds . —There have been no arrivals , and the sales are estimated at 3000 qrs . Bombay , in course of landing at 60 s . ; some « small parcels ex-warehouse , for immediate delivery , at 6 . 1 s . ; good Calcutta at 58 s ., and St . Petersburg at 55 s . For arrival , 58 s . 3 d . has been paid for a small cargo Black Sea , outport delivery , and for two large cargoes at 58 s . A considerable business has been done in floating parcels of Calcutta seed , at 56 s . to 56 s . Gd ., cost freight and insurance . Rape-seed has been in steady request . Good sound Calcutta at 58 s . ; fine Bombay at 64 s . to 65 s . ; inferior to good , 48 s . to 60 s . per qr . Oilcake . —Harvest operations have checked tho demand , but prices are steady . Hops . —New hops ard now arriving freely , but purchases are inado somewhat cautiously .

      Potatoes . —Supplies come in freely , anil generally in satisfactory condition . The sale is rather slow , but prices about the same , say Regent ' s Ware , 50 s . to 80 s . ; Sha ^ vs , 50 s . to C 5 s . ; middlings , 85 s . to 45 s , per ton . Stock .-r-The supplies of live stock , espociully boasts and sheep , have been largo , but have consisted chiefly of inferior breeds , with a rather considerable proportion of store , cattle . Prime descriptions , m , thair comparative searcity , have commanded a steady sale at about late rates , but inferior kinds have boon difficult of sale and generally cheaper . Tho following have been tho supplies and pricea : — - Monday . Beast . Sheep . Calvos . PigR . 5 , 624 23 , 960 160 . 400 as . to 4 s , lOd . 43 , to 0 s . 39 . lOd . to 4 a . lOd . 3 b , 8 d . to-ly . 8 d TauusDAr .

      REVIEW OP THE WEEK . Mincing Lano , Friday Evening . " Wjd ) have had a steady business all the week , with an utter absence of speculation . " With these remarks a —Liadhiff-flrni-in- ^ thQ-oil-flnd fleod tra ^ dea sums jin flo , transactions of tho week in their circular of this morn * ing ; and their observation will apply , if not to tho exact latter , at least with considerable force , to every other deportment . Some speculation certainly is percoptlblo , but it is tho exception and not tho rule . Perhaps the best feature ( next to the satisfactory finishing tip of tho harvest )« is the increasing activity in manufacturing products , and in cotton more especially , for while operative labour is thus favourably situated , tho demand for most of the leading articles of domestic consumption is likely to bo sustained . Holders of produce

      1 , 279 880 9 , 210 400 3 a . to 4 a . lOd . 3 » . ' 8 d . to -ts . lOd . 8 s . Sd . to 4 s . 8 d . 3 s . < td , to 4 s . 0 d . Provisions . —Tho weather has ' Tendo rod tho dead meat markets somewhat dull and . irregular . Prime fresh nual ! ties have however sustained their value . 1

      Beef quoted ft 23 . 4 d . to '^ M . J Wutt 6 n , - " 8 iniTirtTr 7 I"Sr 4 d <; veal , 3 a . 8 d . to 4 s . 4 d . ; pork , 3 s . 'Id . to 4 s . 8 d ., per stone . Irish Button- ) have Hold slowly at 110 b . to 112 s . Fine Frlealand liavo dcolinod to 112 s . Waterford Bacon offered at 60 s . to 62 » , Lard advanced 2 » . per owt . ' Suo . au , Coiwisn , Tba , Rioio , Spices , &o . —For roviows of these marketa wo refer to tho circular of Messrs , Travors and Son , which will bo found in another column . Spirits . — "Steady prices have boon obtained for rum ,

      but the sales have been of limited extent only . Both landings and deliveries continue large and the stock heavy . Saltpetre . —The market is extremely irregular Fine 2 ^ per cent , has sold at 46 s ., which is lower , whilst 15 andll £ per cent , refractions are said to have brought 42 s . at a time when other parcels of similar qualities were offering at lower prices without finding-buyers . The Calcutta accounts give some increase in shipments

      but these were nearly all of fine qualities , whilst the long * awaited supplies from the interior appear to have been less than expected , as only 13 , 000 bgs . were _ left in stock at Calcutta at the departure of the mail . Prices were al . 3 O higher , and although this may be chiefly explained by the activity of demand for immediate shipping , it could hardly have occurred in the face of heavy supplies . Altogether the advices are regarded as favourable to holders in this market , and to-day the tone has been decidedly firmer .

      Indigo . —The crop accounts b 3 * the present mail are somewhat conflicting , but do not , . on the whole , alter prior estimates as to the ultimate yield , which may be taken at 89 , 000 to 90 , 000 maunds , or 30 , 000 chests . The market , therefore , remains uninfluenced and firm , with a steady inquiry for good shipping qualities of Bengal at 3 d . to 4 d . advance on the last quarterly sales ' rates . For the forthcoming auctions on the 12 th October , 14 , 000 chts . are already declared . has

      CochinEAt , w- ^ - \ Iiddling silrer grain besen in active demand for export , and prices have advanced Id . to 2 d per lb . on these descriptions . Other qualities have met a steady sale at full prices . In ' . anticipation of late crops , several speculative purchases havo been entered into , by which the buoyancy in the market has been increased ; 450 bgs . in auction were chiefly disposed of , Honduras silvers , 33 . 5 d . to 4 s . 3 d . ; Teueritre , 3 s . 9 d , to 3 s . lid . ; Mexican , 3 d . Sd . to 3 s . 9 d . Business to some extent is also reported privately .

      Saffloxvek . —The market continues firm , and for small lots , to close immediate orders , full terms are paid , The llydaspes , with tiie second consignment of thu new crop , has arrived- At sale 124 bales Persian , realised 56 s . to Gls . OriiKit Dyes . — -Sedwood is dearer , 41 . 10 s . to 41 . 12 s . Gil . having been paid .- Sapan steady in value and demand . Cirrcic is still quoted at 34 s . to 3 fis ., but purchases are limited to immediate requirements . Gambikr . —The sound of 500 bales was held in public sale at lGs . ; but iirst-class damaged sold at 1 Js . < Jd . per

      cwt . ¦ Ukugs . —100 chests of camphor have sold at 65 s . ; Star aniseed oil advanced to 8 s . 3 d . Malabar cardamoms sold readily at 3 s . 7 d . to 3 s . 9 d . for middling , and 3 s . lid . to 4 s . for good bright ; Tonquin musk , on a public sale of 70 edds . brought full price , 14 s , 9 ci . to 24 s . Gd . for middling to good pod . ' Gums . —Olebanum has declined several shillings per cwt . ; middling yellow drop selling at 30 s . ; and fair 35 s . to 35 s . Gd . per cwt . In other gums no particular change has occurred . iNDiA-RuuiiEu . —Small sales of East India lump havo been made at 8 d . ; and of line Peru at Is . 7 A-d . per lb . from

      Cotton .- ^ Unfavourable crop accounts America gave an impetus to the markets at the early part of tho week ; und subsequently the favourable advice ? overland in reference to British cotton manufactures have added to tho prevailing buoyancy . Both in London and Liverpool business has undergone a marked extension , and prices havo advanced . In the former market tho sales are 8500 bales at Jd . to £ d . advance , and in tho latter , 82 , 770 bales at lid . to 3-16 d . Juris continues in active demand at very full prices ; 21 . 92 bis . in public sale were nearly nil placed at 17 / . 5 s . to 19 / . 5 s . for common to good . Tho sound of the mark M . S . was held at 21 / . 10 s . f the first class damaged selling at 20 / . 17 s . 6 d . per ton . Privately tlio sales aro estimated at 4000 bales . The continued advance in tho value of flax is the principal iiUluoacc affecting the jute markets .

      llKMj * . —The advices from Manilla , reporting ft" « a . - . vnnoo of importance in tho price of hemp , appear to have led to some improvement hero , and sales havo been made at enhanced terms . Tho Americana Jmvo for sonic time been withdrawing largo supplies from &lnnl '"' which muMt necessarily diminish our import , but wiuon will , on tho other hand , curtail our usual domain ! iw tho United States to nn equal extent . Anyvory aocided movement in quotations is , therefore , not 6 onorai ^ anticipated , especially as stocks are adoquato to rtvornts requirements . , i Miotai ^ , —Manufactured iron lias mot a fi » Jr «« nltt "" hut Scotch niir hns rocodod to 5 » h . 0 ( 1 ., with fit" »» " )"'*

      The week's shipments wore 10 , 207 tons , nfe'uin » t W » tTyn-s-irrtho- 'TOTroBpoinding'Tioriod ^ lasfc ^ 'oa r . i , jmk ' „ done in spoltor , and 23 / . 17 s . ( id . ncooptod for m v >» < being rather lower . Tfn ia quutod llU tot Wtrftiw ' 110 / . for Banca . , , nvAe . Ous . —Very little variation has occurred in nn ) ° soriptions . Linseed sells rathor moro ( tovly at »«• for ( lolivory up to January . Hapo is a trlllo w mi brown afc-44 / ., and roflnod at 47 / . 10 s . to 48 / . uin * jg good demand . Gallipoll quoted \ M . to 40 * .. w"' fl ] . slltrhtly higher . Palm and cocoa nut soli wH » ° « toration .

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      QRO T H E Ii -E A T > E R , [ No . 443 , September 18 , 1858 .

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      HOME , COLONIAL , AND FOREIGN PRODUCE MARKETS .

  • Citation
    • Leader (1850-1860), Sept. 18, 1858, page 980, in the Nineteenth-Century Serials Edition (2008; 2018) ncse.ac.uk/periodicals/l/issues/vm2-ncseproduct2260/page/28/