The Sun.
London, England, 1859-02-02 00:00:00

THE FREIGHT MARKET.

Messrs. Seymour, Peacock, and Co.'s Circular of
Feb. 1 says—Since the commencement of the year
the freight market has exhibited signs I:rt.:genera
improvement, and outward rates have advanced—
more especially in the long trades. The rise which
has been established proceeds from several causes ;
the more important being the determination of
many large shipowners to lay up their vessels until
outward freights advaucca sufficiently to cover
great part of the risk of the entire voyage ; the
demand for the East India ports on the part of the

Indian council, Indian railways, and co-al contrac-
tors ; and the withdrawal, for a time, of a consider-
able portion of the American tonnage, which has
been diverted to the southern states for cotton.

Politically, the events of last month—interesting to
the shipowner—comprise the answer to the memo-
rial to the Queen, which has been graciously re-
ferred to the Board of Trade, a procrastinating
and unnecessary routine, which has given general
dissatisfaction. The grievances of the shipping
interest will be prominently brought before Par-
liament, soon after the opening of the session this
week—a petition to the House of Commons having
been already very influentially signed. The cor-
respondence between ourselves and the Earl of
Malmesbury, on the subject of the American coast-
ing trade, has attracted attention throughout the
United ingdom ; and we have every reason for
hoping that this movement will materially assist
the British shipowners in obtaining " reciprocity"
from the American Government, which will tend to
the perfecting of the free trade system. Rumours
of war, and the extensive preparations on the part
of our own as well as other European powers, have
created an unsettled feeling in the commercial
community, calculated to retard the return to pro-
sperity.
Australia and. New Zealand.—The demand for
tonnage has been very active since the beginning
of the year, more especially at Liverpool, where a
scarcity has been experienced. For suitable vessels
80s. to 85s. per register ton has been paid, and we still
quote 70s. to 80s. as current. The freight of goods has
advanced at Liverpool to 70s. and 80s. per ton ; but in
London, owing to the larger number of vessels on
the berth and greater competition, 455. payable
here, and 50s. in the colony, are the highest rates
obtained. Exporters, would, no doubt, yield to an
advance from London as readily a 3 they have done
from Liverpool, and if owners continue firm, a rise
will speedily be established. We know of an en-
gagement being recently made by the same shipper,
on the same day, for the same class of goods to the
same port, at 80s. and 10 per cent. from Liverpool,
and 4C. and 5 per cent. from London ! There is a
fair inquiry for tonnage for coals at about 50s. per
ton from Birkenhead, Sunderland, or Wales, to
Melbourne or Sydney, and for iron and coke for
Newport to Adelaide at 50s. per ton. The Emi-
gration Commissioners only chartered one ship for
Australia during last month, viz., the Lady Emma
Bruce, for Sydney, at £l5 19s. Id., being an ad-
vance of 325. 4d. upon the rate paid for the last ship
taken. The New Zealand berth has been active,
good passenger ships realising 80s. to 90s. per re-
gister ton for two ports.
India, China, &c.—The demand for shipping—
especially for dead weight and machinery—con-
tinues very active, and a great deal of tonnage has
been taken up during the last month. Rates are a
shade weaker than they.were a fortnight ago, but
good lump sums may still be obtained. For Bom-
bay, Kurrachee, Madras, and Calcutta the rate to
load in London is about 70s. per ton, depending
upon the capacity for stowage, cutting required,
&c. ; and similar rates from Liverpool, Glasgow, or
Cardiff. Coal freights have been very firm, and
during January the rate for Aden reached 555. per
ton from Birkenhead, but it has since declined, and
tonnage offers at £52 10s. per keel from Sunder-
land, but £5O is the, utmost at present obtainable.
For Bombay a few vessels have been fixed at 455.,
Mayotte 425., Mauritius 405., Galle 405., at which
rates we still hold orders. The Indian. Council
have shipped a large quantity of stores during the
month, but in small parcels which have been ab-
sorbed by the vessels on the berth. Two 'vessels
' only have been chartered for troops, viz., the
• Undaunted, at £l2 19s. 3d., and the Raby
, Castle at £l3 18s. 4d.
Homewards, business is quite nominal. We have
had rumours of offers at 50s. from the rice ports,
but cannot trace any positive engagements. Ton-
nage might be had plentifully at this rate. From
Moulmein for teak 60s. is quoted for backward
ships, and one or two small vessels might be fixed
from Batavia or Singapore at about 255. 6d.,
Manilla. 455., &c. The advices from Bombay are
as unfavourable as ever; but from Calcutta the
report on the freight market is a shade better,
although no permanent improvement is looked for.
From China a few engagements at 30s. per ton
from Shan ghae are reported.
Pacific and West Coast of South America.—Char-
tering for guano, which recommenced at 50s. on

The campaign against the Killarney Phoenicians
is not yet terminated. The correspondent of the
Cork _Examiner, writing from the first-named town
on Sunday evening, thus announces the recommence-
ment of active operations on the part of the consta-
bulary :—" Jeremiah Cronin, ex-policeman, clerk
to a respectable architect of this town, and brother
to the young gentlemen of the same name who has
been for some time enjoying the hospitalities of the
Castle, left here on Friday morning for Dublin, in
charge of a constable. So sudden and unexpected
(at least, by his friends)Pwas the departure of this
young man that nothing was heard of it until hours
after the train left. At a late hour on Friday night
William Mayberry, of Kenmare, was arrested at
Cloheneen, where he has been for some time em-
ployed by Col. Herbert as a boat-builder. He is a
respectable, well-conducted person ; he is for the
present lodged in our Bridewell. Some commotion
was caused here yesterday when it became known
that an active search was being made at several
respectable lodging-houses by some members of the
constabulary in coloured clothes for a young man
named M'Carthy, from Kenmare, and whose bro-
ther was just after arriving in town. Every room
of each house was closely examined—cocklofts,
haylofts, stables, piggeries, turf•houses, and even
meat-tubs and water-barrels were looked into—but
in vain ; the fugitive was nowhere."
A movement is on foot -in the south for collecting
subscriptions towards the defence of the would-be
Robert Emmetts of 1859.
ENNISKILLEN ELECTION.

It is quite true that resistance is to be offered to
the return of the Hon. Mr. Cole, and that, too, by
a gentleman professing the same political and reli-
gions creed. The address of Mr. Paul Dane has
been published. He is a supporter of intermediate
and Scriptural education, an advocate for the Gal-
way packet station, and a devoted friend of the
Derby Government. What more can the Ennis-
killeners desire ?