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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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REVIEW OF THE WEEK . Mincing-lane , Friday Evening , The influence of political affairs is becoming more palpable in these departments , and during the week business has been more than usually inanimate . The immediate pause in operations has not arisen so much from increased apprehensions of hostilities as from the natural determination among traders generally to await whatever light might be thrown upon the question at issue
by the meeting of Parliament . The result has not apparently afforded any reassurance , and to-day the tone of the markets is by . no means improved , and yet the generally expressed opinion is that war will be averted . Nevertheless , as long . as the present uncertainty exists , any revival of speculation is not to be expected , nor can the export trade be more than par-r tially progressive , but at the same time our internal trade exhibits uninterrupted steadiness , and by this alone the markets throughout are not only secured against any signs of absolute depression , but are in many cases rendered extremely firm and healthy .
Corn . —The corn market has undergone very little change this week . The supplies of English Wheat have been of about the recent average , and the demand has been sufficient to effect a fair clearance at about the previous currency , choice old ¦ whi te samples bringing 50 s . to 52 s . ; select new , 47 s . to 49 s . ; runs , 45 s . to 46 s . ; choice heavy old red , 44 s . to 46 s . ; dry new ,. 43 s . to 44 s . ; good runs , 41 s . to 42 s ;; fairy 39 s . to 40 s . ; soft and common , 373 ^ to 38 s . Foreign was steadily held , but sales progressed , slowly . Dantzig Wheat was scarce , 54 s . to 55 s . ; good mixed . 50 s . to 52 s . ; Brabant aud Louvaine white , 45 s . to 46 s ;; -red , 43 s . to 443 . ; Firencb , 40 s . to 42 s . ; fine extra , 43 s . to 44 s .: Petersburg , 40 s . to 41 s . ; Archangel , 34 s . to 35 s . Flour is not so much pressed for sale , and although the trade is by no means active , prices are steady . Town made , 40 s . ; households , 33 s . r country ditto , 31 s . to 32 s . ;
whites , 33 s . ; seconds , 29 s . to 30 s , ; ; Norfolk , 28 s . ; French , 33 a . to 34 s . ; and choice marks , 36 s . to 37 s . American is still comparatively scarce , and brings 24 s . to 25 s . for best brands ; 22 s . to 23 s . for good ; and 20 s . to 21 s . for sour . English barley has been in limited supply , and good malting qualities have made fujl prices , but the large imports of foreign rather depressed the value of grinding samples ; nevertheless , a good sale was effected : Prime Odessa and Ibraila , 22 s . to 22 s . 6 d . ; heated , 20 s . to 20 s . 6 d . Malt has sold steadily at last week ' s prices : " Ware , " 66 s . ; and other grades in proportion . Fine English beans have sold well , and prices are firm ; foreign are also steady , with limited imports . Peas are in general firmer in price , with a more frequent inquiry for seed samples . Oats have sold steadily , without quotable change ; Swedes , 23 s . to 25 s . ; Russian , 22 s . to 24 s . ' . ¦ ¦ . . . ' ,
Live Stock . —The supplies at the cattle-market this week have been short , and the demand better . Higher prices have been realised for most descriptions of stock . The following were the numbers on offer , and the current rates : —¦ Monday . Beast , Sheep . Calves . . ' Pigs . 3 , 570 16 , 980 101 250 43 . Od . to 53 , Od . 4 s . 0 d . to 5 s . 2 d . 49 . 4 d . to 5 a . Cd . 3 s . 0 d . totfs . 8 d Thursday . 050 2 , 040 180 150 4 a . 2 d . to 5 s . Od . 4 s . 0 d . to 5 s . 2 d . 4 s . 0 d . toSs . Gd . 3 s . gd . to 4 s . 0 d , Provisions . —At Newgate and Leadenhall a better demand has prevailed , and prices are firmer , closing at 2 s . 8 d , to 4 s . 4 d . for beef ; 8 s . 4 d . to 4 s . Gd . for mutton ; 4 s . 8 d . to 5 s . 2 d . for veal ; and 8 s . 4 d . to 5 s . for pork .
Potatoes . —Arrivals continue short , and prices are creeping up , but the trade is dull . York Regents , 85 s . to 105 ; Scotch , 70 s . to 90 ; cups , 60 s . to 70 a . ; French , 50 a , to 65 a . per ton . Sugar . —The demand has fallen off perceptibly , and although supplies are not pressed , prices are , as usual under the circumstances , less firm . Crystallised Mauritius sugars have declined Is . per cwt ., but otherwise the alteration iq price has not been very material . The deliveries progress very satisfactorily , and indicate well of the general consumption . From producing countries the accounts have not furnished any very new feature , but the inclination is apparently to increase crop estimates rather than otherwise . Altogether the market i «
regarded as essentially sound . Floating cargoes have met some inquiry , And two have changed hands during the week . Refined sugars have also been dull of sale , and purchnsable upon rather easier terms . Brown lumps wore to-day quoted 52 s . Od . per cwt . Cowan , — -The , market is Inactive , but generally retains its previously firm position . The sales . brought forward this week have been small , but , in common with most other articles , have passed off without much animation . Fine ordinary native Qoylons have made 50 s . to 50 s . ; and superior- picked , CDs . per owt , Floating cargoes are still in some request , and , two have boon placed for near continental ports , the one consisting of 9500 bga . common RJo , At 42 b . pa ., ana tUo other of 2200
bgs . St ; Domingo , at 53 s . per cwt . The clearances progress steadily , and looking at the limited stocks , not only in Europe , but in the United States also , the future is generally regarded as prospectively safe for holders . . GoeoA . —Some few purchases of Guayaquil have been made at a reduction of Is . 6 d . on the recent nominal value , 54 s . 6 d . having been accepted . Otherwise , prices are unchanged , but the market is heavy . Tea .- — The market opened actively , but . has since subsided into quiet . The enhancement in price established in the earlier transactions is , however , sustained . The business has been chiefly in black leaf kinds , at Is . 5 d . to Is . 6 d . ; common congous have made Is . Id . ; and to-day the quotation remains about the same . Public sales are fixed for Tuesday next . ; Rice . —The market has been exceedingly quiet , and in the few transactions buvers have had the turn of
price in their favour . . Cdinamon . —The public auctions of 2700 bales went with fair spirit at Id . to 2 d , advance on the rates of the October sales . Saltfetbe . — -The threatening aspects of politics imparts some confidence to holders , but the heavy supplies known to be approaching deler purchases , and it would be difficult to sell except at lower rates . However , so far , sales have not been pressed . Cvtch is dearer , and 34 s . refused . Ixdia-kubber sales have been made at 9 d ., but there are not now sellersunder 9 fd . to lOd . .. Tuksiekic is cheaper : * Other dyes unaltered , but the trade in general is dull .
. Metals . —^ Scotch pig iron has been flat at 53 s . all the week . Copper rather more freely offered at late rates . Lead-is firm in price and spelter has declined to 22 j . 10 s . Tin rather firmer in consequence of the large deliveries in Holland . Straits has sold steadily at 130 / . Cotton . —The business is still extremely restricted , but the tone is firmer both here and at Liverpool , and in the latter market 70 , 000 bales have sold this week . Hebep and J dte . —No change has occurred , and the dealings in either have been upon a limited scale . Oils . —Continued orders for the United States keep up the price of'linseed oil , and 29 / . 15 s . is freely offered , whilst few are disposed to sell under 30 ? ., and at the
latter price there are buyers for delivery up to , June . Rape oil is still difficult of sale ; foreign , refined , 46 A , and brown , 42 ? . 10 s . ; English brown , 41 ? . ; Bombay ground nut or Gingelly , 347 . 10 s . to 35 / . ; Madras , 39 / . ; Niger , 35 / . Only a limited business is doing in olive oil . Gallipoli is quoted 49 / . 10 s . to 50 ? . ; Spanish , 48 / . ; Mogadore , 44 / . to 44 ? . 10 s . Considerable transactions have taken place in cocoa-nut oil at 42 / . to 42 / riOs . for Cochin down to 40 / . for common , and 39 / . 10 s . for good Ceylon . Fine palm commands a ready sale at 42 ? ., but inferior is quiet , and hangs on hand . Sperm oil continues in demand , 98 / . " offered , and 100 / . generally asked . Common fish oils are slow of sale . Pale seal , 36 ? .: pale southern , 34 / . ; cod , 317 . 10 s .
Turpentine . — -There have been no arrivals of crude . The sales comprise 1700 barrels at lQs . Gd . from store . Spirits sell more readily : American barrels at 41 s . ; English , without casks , 40 s . per cwt . Wxiale-fins . — -Prices are lower , in consequence of expected arrivals . 360 ? . accepted \ fov southern , and 440 ? . for an inferior parcel of Okhotsk . Polar would not be likely to bring more than 500 ? . ; and Davis Straits
530 / . Tallow . —Since our last advices we have had a very limited demand for actual consumption , and the price has receded a trifle in consequence . On Tuesday sales were made for Arward delivery , principally'for April-Juno and for . October-December , at 52 s . 8 d . We repeat , the import up to the end of April will be much smaller than usual , vary little being afloat or qxpected cither , from Australia or South America . To-day the orders for consumption are more numerous , and show symptoms of a revival of demand . The Russian speculators still support the . price at St . Petersburg at 169 , 10 down , for August delivery , and 166 on spot ; exchange , 46 £ , Today the market closes very firm at * 68 s . to 53 s . 3 d . spot ; 58 s . February-March ; 58 s . 8 d . March ; 52 s . 8 d . April-Juno ; and 52 s . 8 d . to 52 s . Gd , October-December . The public sales yesterday were of no moment . Town tallow , 54 s . 8 d , ; rough fat , 2 s . lOd . ; melted stuff , 38 s . 6 d .
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JOINT-STOCK COMPANIES . Tun annual meeting of the North British Australasian Company took place on Tuesday . The sum applicable to a dividend amounts to 12 , 922 ? ., out of which a distributlon of 6 i per cent ., free of income-tax , was agreed to , leaving a small balance to bo added to the reserve fund . At the annual meeting of tho London and County Banking Company on Thursday , the directors wore warmly received . They brought ; good tidings , for the great feature of their report was tho recommendation of a dividend for tho half-year of G per cent , clear of incometax , which , with 5 per cent , for tho previous half-year , would mako 11 por cent , for tho year . Tho chairman announced that none of tho directors wore Indebted to tho bank . Cordial thanks wore voted to the ' directors and tho general manager , Mr . M'Kowan , under whom tho loss to tho concern on 2 , 250 , 000 ? . of bills discounted
had been only . 150 / . The current accounts were reported to have increased 730 , 701 ?* during the year ; the reserved fund to be 105 , 000 / . on a paid-up capital of 500 , 000 / . ; and that the Sadleir difficulties were being gradually got over . Thei forty-fifth . half-yearly report of the directors of the Ulster Railway Company ,-, now before us , is a cheering one . A dividend after the . rate of 5 . J per cent , per annum , less income-tax , will be proposed b y the board at the general meeting on Wednesday next , which will leave 3538 ? . to be carried to the reserve . The reports of the engineer and locomotive superintendent are satisfactory . The . accounts are clearlv arranged , and the appended list of the company ' s shareholders is a coup d ' etat oh the part of a board of direction not unlikely to procure them , of itself , a vote of confidence .
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A special meeting of the Epsom and Leatherhead company was held on Saturday to consider a proposed arrangement with the London , Brighton , and South Coast Railway Company for the purchase of the undertaking ; on a poll , being demanded , the votes appeared in favour of the arrangement . In consequence of the decision of T"ice-Chancellor . Wood that the Great Northern ¦ B shareholders are entitled to the 2 ? . 7 s . 6 d . per cent ., forming the arrears of dividends from the 31 st December , 1856 , the B stock has risen to 135 to 137 , whilst the A has sustained the disproportionately heavy fall of 4 per cent ., being-quoted 87 to 89 . The Vice-Chancellor ' s decision has been much canvassed .
At the half-yearly meeting of the North Stafford Railway Company , the report referred to a very marked improvement in the traffic , and a dividend of 2 J- per cent * was declared , leaving a considerable amount to be carried to the next account . At the half-yearly meeting of the Llanelly Company the shareholders were dissatisfied at not receiving a dividend this half-year , having relinquished a small one ( lbs . per snare ) at Midsummer , in the expectation of obtaining a larger one on the presentjoccasion . Eventually the directors ' report was adopted .
The half-yearly meeting of the South Wales . Railway Company is called for the 18 th hist ., when a resolution will -be submitted , authorising the creation of capital sanctioned by the company ' s Consolidation Act of 1855 ]
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PREFERENCE STOCK : SIX PER CENT . The following notice has been issued by The National Guaranteed Manure Company : —The Directors of the National Guaranteed Manure Company , Limited , are now prepared to issue the remainder of the 20 , 000 ? . Preference Stock , authorised by resolution of the last general meeting of shareholders . This stock bears a preference interest of 6 per cent , per annum , payable half-yearly . The company is in good working order , and its affairs have been investigated by an independent
public accountant . The above sum will be expended m the extension of the company ' s trade . The business of 1858 nearly doubled that of 1857 , and that of 1809 ia expected to double that of 1858 . More than one-fourth , of the proposed sum was subscribed for at the general meeting of the shareholders ; tho list will therefore ba closed in a short time . Parties desirous of subscribing are requested to apply to the secretary for tho necessary forms . By order of the Board , F . BirampoE , Offices , 2 , Moorgate-street , London . Secretary .
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FROM THE LONDON GAZETTE . Tuesday , Fibintavy X , BANKRUPTS . William Cook , sen ., Great Harrowden , Northamptonshire , farmer . ¦ . ¦ William / Allen , Wollingborough , Northamptonshire , bootmaker . „ Thomas Barrett Bartlett , Middle-row , Knightsbridge , tailor . Charles Harratt , Royal Exchange-buildings , ana West Ham , Essex , iron merchant . James Millar , Cambridge , plumber , John Holms Vanes , Stourport and Dudley , Worcoatershire , tanner . John Morris , Groat Bridge and Wednesbury , Staffordshire , shoo manufacturer . Henry Follktt , Dartmouth , Devonshire , shipbuilder . Henry Curwen Salmon , lato of Plymouth , sharedealer . A » am Bannister Goes , Ormskirk , Lancashire , browor . Samuel Thomas Horton , Ronth , noar Oardm , Arthur Roobrs , Dundalk , Louth , and Oastlo Blanoy , Monaghan , draper . ¦ ' , ,,, , JpsEPm Bmaslby , Jun ., Haltwistlo , Nor thumberland , ironmaster . , ««« SCOTCH SEQUESTRATIONS . H . Pbnnwy , lato of York-plaoo , Balcor-stroot , Portco « n square , varnish merchant . A . Paris , Glasgow , portlonor . J . Smith , Arbroath , book&oltar . T . Bkown , Cupar , bootmaker .
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HOME , COLONIAL , & FOREIGN PRODUCE MARKETS .
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RAILWAY INTELLIGEKTCE
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188 THE L 1 AI ) EE , [ No . 463 , February 5 , 1859 ^
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Citation
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Leader (1850-1860), Feb. 5, 1859, page 188, in the Nineteenth-Century Serials Edition (2008; 2018) ncse.ac.uk/periodicals/l/issues/vm2-ncseproduct2280/page/28/
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