New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1855-12-11

1854. 1883.
Schuylsl Region Observation-Disclosures $50 ~
L.hsS Re- gion 1s,S1 2i+ rs
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At the lEIe session VI tee Clreut Cours OF Rnoie
Island Jucg- Curtis de.iced case OF some interest
70 ,hoss loanpg money eos,ersl securities. John
lockwood and Others we're Plaintiff, aod tbs Traders
Bank OF Newport defendant. The bank had losned
the plaintiffs 1000 on the pledge of loo shsres OF
stock in the Newport Gas Light Com ,any, to % re-
.urred Oh the payment of the DRAFT dis Quoted. P-nd
IL TIE msuity OF the drsff. me oank delivered the
stock 10 Henry Ball. upon his written prOmlss 10 re-
turu Il to the bank seaso1aslY Ball sleoGef.d me
s,o to TIE company, iDd obteiaed new certhcit
in his own name and transfer ed them 10 to- oenk IN
blank, The bark Forwarded them 10 Nev-York,
VIII re the Plaintiffs d az wss paySole, Out t1ay re-
futec TO receive them and aio Ted he dra 20 Ne pro-
tested The bank then cold enough OF me 10 re
iruburss losp snd eXpecses and nounet the PLAIN
lifts that the bs'arce OF il sCnIect - Their Ord3r
II plaintiffs sued the osnk, oIa ming that ney we're nor
bound receive the new cerln ates Ia place u Use
Ief by her with the back. rhoY also con ended that
az eli. ction in the Gss Com ANY was ctlmel 20 o.
illegal in petition flied in the Supreme Colr OF he
State Jud.e Car is decided that the stock itsef was
some him that was not tangible an1 visible, ald
N, refcre could not hsye heen left with or demanded
from the bs K that the certlcstes vera, IN both the
delivery 20 the bank and the tender by the bank, the
evidence Of title 70 tle stOosi that ne ceranoses
teIdlreo BY the bank being perfect evlieuce OF sun
ti,le the plants had ii at Of action, and tina; as
10 the contesred election whatever mi ht hereafter oe
DECIDED 10 dit, IL vas sufficient as bet 1sen
the parties TO this SUIT that the Directors eee'ei hsd
tee a. such. He q eTetore DoR.suted me psiauns
We give below an inre esing circular rom London
in regard to Sugar The immense s>eculatIons in this
article OF necessity and the large advance in price
invests the subject with unusual interest:
LONDON, Nov. 10, 1855.
TIL NJ Rrtsb nl.n,ation suOsr in L5n1on
first week Of January ls55 wss 3e,e-9 tuos; in jan
uary. 1854. 3O,Ol5 tuns; sock November 10, 1884,
49, $40 tuus; November TO- lsj5 49, 80 tuus; showing
decline IN the stock since the beginning Of the yer,
of 500 'uns, and compared with the same period Of
LIST wear a decline of 1869 ,uns la foreign
sua ar tire ceclne has been still greater Stock OF for
esn jar usry 1885, is 35,97l tuna; stock NoVem yer
To- 1885, IL sol tuns. The decline OF the later mucn
of which is xpored, is al indication tbstne CONSUME
tio has creased abroad f1ster tn al the supply the
decline of toe former proof IN 81 the people OF Lon
dop have consumed since the beginning OF the year
nearly 900 tuIs of sugar more than taey nave re-
ceived. On the approach OF Win,er the arrivals are
usually short and Uncertain and hen e short stock
creates sn alarm lest there should be no stock AZ all
TIE average weekly consumption OF London OF bfi'n
tlaI taiiOn sugar is about 900 tuus so ina at pres
ent there is not enough III London for elk weeks con-
SUP pton of an article in hourly use, that comes IRON
tie West ard East Indies, from Brazil Manila and
China The deficiency of the supply in relation to the
usual demand IL the cause 81 tDe vi euRd,
and be coDtinus decline OF the stock is the cause OF
the continual rise of the price. In the whole r. nole
the con- umption has exceeded the supply lne totai
in pors OF uneped sugar the growth Of British Colo
MES in the nine ontns ending september so, 1893,
was 9s4,0j4 cwts agains ole, BIS cws in the same
period last year and in 1854 whereas the consumption
has been ss5 5 cwts in the same peri 1d OF 1882 or
TO September 80, and 59i,3l4 cSs. in 1884 In 1914
the cor sumption fell short Of the imports oy lO62O64
owls In 1855 the consumption has exceeded tue i'm
porfs by COL 400 cwts That the present rse in prcs
is precisely commensurate TO the falling of in the sup
ply in relation TO the consumption cannot oe asserted
because variations 10 price are always influenced oy
hopes and fears, and bv speculation, as well as by
vaiiaiiors in the quantities of commodities but al
experience in favor of leaving the price at all times
TO be ted by the free higg ug of the market whicn
on the long run establishes and maintains fair aud
Just price Tor ALI The falling OFF OF supply Is much
more srce September 30, and is nearly proporsionsoy
the in foreign grown and British Colonia SUI
gar; all the latter comes TO this county,
we are at once convinced THAI the crop
which supplies TIKI whole world in 1855, is less than
the crop rat supplied !: in 1854. Throughput 1904
and through all the early part of 1855, the price OF
sugar was comparatively low and there was conse'
quentiy inoucement to increase the inpot or
exend the cultivation. In Louisans, to quote
one example of decline, 80 sugar houses were
put down in 1853 ana 1884 and a in 1852 and 1853,
az the cultivation of cotton substituted for thai of
sugar, because the latter did not pay. The crop OF
sugar IN Louisiana WAS in conse quence lO2659 hhds.
less in 1854 and 1855 than in 1853 and 1854
Although sugar from Louisiana comes here,
so intimate are now the commercial relstions
of all countries, that the decline in the produc
ton OF sugar in tie States made II necessary to
import greater quantities from the Brazils and from
Cuba and thus left much less Of the produce OF
those countries fer consumption in Europe. AT this
period, however, the consumption in Europe has in-
crossed The manufacture Of beet root sugar has, in
consequence of the low price, fallen off 10 the last two
yesr- while the grape disease has uced men to use
foreign sweets for Oscillation. Both coarse sugar and
molssses have been imported into France to be con-
yeried into b, andy. In 1858, then, the consumption
of sugar in Europe has increased and the supply has
fallen off; hence sugar, like wheat has risen very
much in price and continues TO rse. Wheat the people
cannot dispense WITH but to certain extent people
can dispense with sugar. The rise 10 the price OF
SUE ar will carry it beyond the reach of many, aud by
reducing the consumption long lead to reduction
in price. For great and permanent reduction, how:
ever we cannot look till the present large demand aud
high price have had their usual effect of stimulating
the sugar growers to plant more and make ore sugar
In the sugar countries there is generally considerable
waste which the present high price will CHECK and
every grain of sugar that be coeoet will be sent
to Europe or to market. The supply will be increased
while the consumption will be diminished.
narkets-CARHFvLLY RrPoRTEB FOR The TRIBUNE
MONDAY Dec IL, 1855
AsHES-The market Is q1et but firm; saes Of 20 b,a Of
81 50 tor Pots and 90 50 for Pearls.