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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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the port , and considerable additions expected from the interior . About 2800 tons are now on the way * Si'ioEs in general are more in demand , especially for export . Pimento is id . dearer ; 3 ld . to 3 fd . paid , Bengal ginger * at 16 s . to 16 s . 6 d ., is dearer . Mace and nutmegs have advanced Id ; on export kinds . Cloves are id . higher , and a good business effected in Zanzibar , at 2 id . to 34 d ' .. Cassia Lignea sells unevenly , but averaging late rates . Fuuit . —Currants heavy and depressed . Raisins firm , with anticipations of a good home and export demand .
Indigo . —The quarterly sales of East India , comprising 9900 chts ., opened flatly at a partial decline on the previous sales , but have since met a better competition , bringing the prices to a par with the average rates of the October sales . Kurpah and dry leaf Madras have been firm throughout . Of 6758 chts . passed the sale , 2774 have been withdrawn , 1115 bought in , and 2 S 6 9 sold . ^ Cutch has advanced to 36 s . 6 d ., and Gambier to 15 s . ' Cotton is fiimer , with a better demand . 1000 bales sold in London at full rates generally , and l-16 d . advance for saw-grained . At Liverpool 67 , 700 have sold at prices establishing a partial rise of id . per lb . Hemp and Jute are without quotable change . Metals .- —Scotch pig-iron has further declined to 51 s . 9 d . ; spelter has also declined to 22 / . 5 s ., beyond which no change has occurred in prices , and the general tone of the market is inactive . .
Tallow . — -We have had a rather firmer market , and prices are a trifle * higher . During the past two days a considerable business has been done on . the spot , and nearly all for consumption ; for speculation , very little has been done , though more attention has been directed to April , June , and the last three months . The town tallow market was cleared of any surplus in the early part of the week * The consumers have purchased freely at the principal outports . The price at St . Petersburg , 169 to 170 ro . for August delivery . Exchange 35 £ to i leaves no scope for our importers . P . Y . C . leaves off to-day quiet at 53 s . 3 d . spot ; 53 s / 3 d ., to 53 s . 6 d . Eebruar ^ -March ; 53 s . 6 d . March ; 52 s . 6 d . to 52 s . 9 d . April-June ; and 52 s . 6 d . to 52 s . 9 d . October-December . The r . sales to-day went off briskly : Town tallow , 54 s : 3 d .: rough fat , 2 s . IQd . ; melted stuff , 40 s .
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COMMERCIAL TREATS WITH RUSSIA . The treaty of commerce and navigation with Russia , which was signed at St . Petersburg on , the 12 th ultimo , has been printed . It gives British subjects equal rights with those of any other foreign nation , and provides that the ports of each country shall be free to the other . British vessels are to , be on an equality with Russian in all respects , except as regards the coasting trade , on which each country is still to reserve the right of making its own regulations . Vessels from Great . Britain , however , may break bulk at any number of Russian ports , and may also load at any number . Freedom of residence and equality of taxation with Russian subjects is accorded , together with exemption from military or municipal service and forced loans , except for owners of real estate . Consuls may be appointed to all ports and towns . Means are to be taken by each Power to punish persons introducing goods with fraudulent trade marks . The Ionian Islands are to share the advantage of the treaty . It is to be for ten years , and ratifications are to be exchanged in London within bis . weeks from the 12 th of January .
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COTTON SUPPLY FOR ENGLAND . Mk . J . B . Smith , M . P ., has addressed a letter to Mr . John Cheetharn , M . P ., the chairman of the Cotton Supply Association . Mr . J . B . Smith says : — " The result of the inquiries of Mr . Bright ' s India Cottou Committee ( 1848 ) , of which I was a member , led mo to doubt whether India , "which it was then said could produce only 40 lb . ' to 70 lb . of clean cotton per acre , could compete with America , which yields 4001 b . per acre ; but we have since that time had further light on this subject , which leaves no doubt in my mind that India , emancipated from the trammels which bind her , can produce cotton equal in quality , arid as cheap or ohoaper than America , But I repeat , this can only be accomplished by and
European capital agency . " The evidence before the India Colonisation Committee of last session shows what has been done by one Englishman settling down in a cotton district , even with the present disadvantages attending the settlement in that country . Mr . Landon established himself In Guzerat , in the centre of a cotton-growing district j he raised extensive buildings , and filled thorn with machinery , worked by steam , for cleaning and packing cotton . Hq bought their crops of tho ryots , with r thq seed , cleaned nnd packed it , and sent it to Bombay , either for sale or shipment to England . A native house , encouraged by Mr . T ^ nndon ' a success , has also orected similar works . Mr . Landon etatouV- what I hoard for the first time—thut tho produce of clean cotton from native seed at Broach
averages 200 lb > per acre ; but he also stated an interesting and important fact—via . that as much as 600 lb . of clean cotton per acre was produced on some lands . Now this cotton is grown on moist land , and is finer arid longer in staple than that grown on dry land . We had also ^ evidence that cotton was formerly grown on irrigated land in India ; . and this fact , with the evidence that 6001 b . per acre can be grown bri moist land , confirms the information we previously had , that 3501 b . to 400 lb . of clean cotton has been pro duced on irrigated land .
" Do not these facts suggest that what has been effected by Mr . Landon in Guzerat may-be done by Europeans in other districts ? Would not the funds of your association be asT legitimately appropriated to the encouragement of establishments like that of Mr . Landon , iii different parts of India , as in sending out seeds to different countries ? And , seeing that so large a produce per acre is grown in Broach from native seed , would it not be well rather to try the effects of good cultivation of the native seed before you go to the expense of other seeds ?"
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FROM THE LONDON GAZETTE . Tuesday , February 8 . BANKRUPTS . Thomas Hill , Liverpool , broker . George Allibone Dkage , Olney , Buckinghamshire , boot and shoe manufacturer . Haekv Bip . HAUi > Tbigg , Kingston-upoii-Thames and Esber , Surrey , builder and carpenter . John / Brown , Crawford-street , Bryanston-square , Johnstreet West , Edgeware-road , and Oxford-market , Oxford-street , grocer and cheesemonger . Chakies Meads Coleman , Foleshill , Warwickshire , farmer , lime burner , and manufacturer of bricks and ¦ tiles .. ' '¦ ' ¦' . . . . ¦ James Hicks , Great Driffield , Yorkshire , shoemaker . WitLiAM McKinstky , Liverpool , broker and commission merchant . . " .-. ¦ ' MiHGAUET Wilson , Halifax ,. milliner . William Manniox , Liverpool , currier and leather dealer . . '¦¦ ¦ ¦ SCOTCH SEQUESTRATIONS . F ; Lang an , Crutched Friars , wine merchant . J . B . Feknie , Kilmux , Fifeshire . W . Wood , Foffar , cabinet maker . . G . Mackenzie , Dingwall , writer . W . Ohmisxon , G lasgow , merchant . Lawkie and Gardner , Edinburgh , merchants . R . Cociirane , Windyedge , Renfrewshire , farmer . J . CockburN ) Glasgow , fish merchant . J . Dickie , Glasgow , timber merchant . . Friday , February 11 . BANKRUPTCY ANNULLED . Ajrtiiur M'Donald , Kingstori-upon-Hull , innkeeper . BANKRUPTS . William Trigg , Witley , Surrey , builder . Wix-liam Jennings , Sneinton , Nottingham , lace dresser . Henry Wood , Long Eaton , Derbyshire , baker . John Leake , Newark-upon-Trent , Nottingham , wine and spirit merchant . John Pe'jltsr George Smith , Liverpool , banker . > John Collinciwooo , Tarleton , Rhyl , Flintshire , shipowner . James Soiiofield , "Vicars Moss , and Blue Pits , Rochdale , Lancashire , grease manufacturer . Fjranois Holwngton , Worcester , draper . Henry John Groves , Newport , Monmouth , music seller . Edward Body , Ramsgate , furniture dealer . Philip Jones , Mynytfdysllwyn , Monmouthshire , dealer . Robert Wells , Bristol , grocer . Thomas Vauook , St . Austell , Cornwall , carpenter . Mioiiaul , Hollowa y Djsan , Ashbourno , Derbyshire , grocer . Edward Yapp , Leominstor , butcher . WrLLiAM ; Paiwrill Collins and Henry Edward Collins , Paternoster-row , City , mapsellers . SCOTCH SEQUESTRATIONS . James Trow and Son , Strathmiglo , manufacturers . A . LKXANDRR Frasbr , GJnsgowysculptor . David Walker , Loith , ironmonger . David Rodgkus , Edinburgh , lace and muslin morohant .
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Glasgow Shipowners ' Association . —At a mooting on Monday , a petition to Parliament was fully discussed nnd ftdoptod , and will , oftor being submitted for signature of tho shipping interest , bo presented by Mr . Buchanan , M . P ., who hna engaged to tako ohnrge of it . The petition differs in soino rospoots from thoso adopted In London and elsewhere , especially an it very properly suggests ns ( 1 reason why attention should bo paid to tho [ ji'oaonfc complaints of tho shipowners , that tho' operation of the existing ltfws may bq to indiicoUriUsh shlpownors tolnvost tholr ' oapital in forqign ships , which , while they possess « 11 tho privileges British vossols can claim , have , In addition , various important advantages in other foreign ports . Tho notltlon also nbjuros nny wish to moddlo with tho nrlnoiplos of froo trade .
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LrVKHFOOL AND IIOLYIIK AI > . —At tliO meeting of tllfl Mersey Docks and Harbour Board on Thursday , It was stated that tho proposal to establish a lino of tulogniphs botwoen Liverpool and Holyhoad had rovivoil « omo ubsoloto olnlme of tho Crown , rebooting which tlio Hoards eolioitor had boon directed to write to tho iiiitlioritios . Tho dock engineer reported that ho had outfal l Mr * Lionol Gisborno to assist him in executing Llio works . It was , also stated that tho cnginoor had boon dlrootod to select tho best plucqs noar ( ho docks for ¦ ¦ tlmo bnllx . TaucaRAPn nisTWKKN Franciq and Ai . auui , v . — -il » o Ahhbar of Algiers says that a project for oatuMislilnff ft direct flubmftrlno enblo bof ; wpoii Alffiors nntl ISIiirflolllOfl had boon prosontod to Prince Napoleon by nn Altfurinn , « nd that a Fronoh company Is bolng formed to carry out tho nrojoot .
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MONEY MARKET AND STOCK EXCHANGE .
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Friday Evening . The uncertainty as to peace or war which still contin aes- —for no words can assure people against the evidence of facts—paralyses all operations . There is no increase in the demand for money , which continues abundant , and the best bills arc discounted below 2 per cent . There is little or no business on the Stock Exchange , where everybody is full of doubts and apprehensions . Nor can any person foresee how loiig ibis condition may last , since the speech which , was to restore confidence has failed to have the effect . To-day there was a rumour that the Emperor of Russia had expressed a very strong opinion against , every attempt to coerce Austria into taking a course she is unwilling t 0 take , but those who have watched the relations between Russia and Austria , frefuse to believe that Russia would interfere . on her side . Some solution of the difficulty is hoped for bv some . . from the Congress which mustj it is said , be assembled to settle the affairs of the Principalities , but before that can meet there must be much suffering from delay , even if events .-should ' not bring , the whole matter to issue . The obvious source of the continued uneasiness , is , ' that persons , whatever experience may indicate , do not and cannot trust the French Jim pcror . How long the -. -enterprising and leading men of the world- ;—the men who make railways and construct telegraphs—who cover the ocean with ships and the land with produce , will submit to have their hopes blighted and their property destroyed by those who Ho not command their respect cannot , be known , but it excites wonder thut they do not take more energetic means to put an end to their own sufferings aiid losses . The stock market has been dull find drooping through the week , and to-day Consols were about the same as yesterday , 95 i | . They were flat at the opening on account of an incorrect report that the price of the iFrench funds had become worse yesterday after * the close of-our market ... ' . They afterwards recovered j but did not get above the yesterday ' s rates . A report prevails to-day tliat the Secretary for India will propose on Monday to the House of Commons to authorise him to contract with the guarantee of the Government an Anglo-Indian loan for . 12 , 000 , 000 / . A loan for Peru , too , is forthcoming , and it is confidently anticipated that the French Emperor will also be obliged to come into the market . The returns of the Bank of France to February 10 th show a small decrease of bullion , a larger increase of bills discounted , a reduction in tin ; circulation , and a lai-ge increase of private deposits . It seems as if the moneyed class there were propnringfor a strain on their resources . ^ Among the valuable projects of the day , which the prevailing rumours of war will no doubt for a timq affect , should be mentioned ( hat of a railway between the 'London-bridge and Waterloo stations . Many yonis ago this was schemed by an able gentleman named ilcathfiold , who , wo remember , well succeeded in demonstrating its financial as well as engineering feasibility . Tho very desirable and practicable metropolitan railway , conceived , wo believe , in the first instance , by Mr . Charles Pcnr-. . sOh , and , after longabcyanco , again brought forward by that talontcd and energetic man , will al * o , perhaps , raiso its capital but slowly . . Bui , foe tho snko of thoso who have already locked up tho Chancery deposit for it , and of tho olassos it must benefit by opening oasy communication holwoun tho city and tho country , wo anxiously look to moo it well afloat .
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220 THE LEADER . tffl <>« 464 , Februar y 12 , 1859 .
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Leader (1850-1860), Feb. 12, 1859, page 220, in the Nineteenth-Century Serials Edition (2008; 2018) ncse.ac.uk/periodicals/l/issues/vm2-ncseproduct2281/page/28/
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