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No. 484. " July-*. 1859.1 THE LEADEB. 80...
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MONEY MARKET & STOCK EXCHANGE.
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Friday Evening. The demand for money con...
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WANK OF ENGLAND. An Aooount, pursuant to...
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PRICES OF THE PRINCIPAL STOCKS AND SHARE...
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Last This Week Week
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STOCKS. 3 per cent. Consols—Money I>itto...
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GENERAL TRADE REPORT.
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Tub corn market was dull to-day, and las...
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GENEEAX, P0ET
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RAILWAY INTELLIGENCE.
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On Thursday an adjourned special general...
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JOINT ST0CK _ C0MPANIES.
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At the meeting of the deposit creditors ...
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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Transcript
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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.
Additionally, when viewing full transcripts, extracted text may not be in the same order as the original document.
¦ ¦ , — « • » : . Trade Op May. W E Were...
The shipping entered inwards and cleared outwards was less in May , 1859 , than in 'May , 1858 , and the shipping entered inwards in May was greater than in May , 1857 , tmt entered outwards it was less . In the five months the shipping entered inwards and outwards was in excess of both the other years , except that in 1857 the shipping entered outwards exceeded the present year by 49 , 161 tons . So far as these returns are an evidence of the complete recovery of our trade , subsequent to the convulsion of 1857 , and the settlement of 1858 , they are very satisfactory ,
The effects of the war on our trade are to be deplored . They make manifest the intimate connection between our best interests and those of other people , and how just are those instincts which lead us to condemn the misrule which brings this calamity on the world , thouo-h it does not immediately reach us . Our peopTe are , both from pecuniary interests and the ¦ hisrhcr interests of civilisation—if these can
be said to be higher , for civilisation depends on subsistence , the very essence of all wealth—fu . lly justified in protesting against being in any way involved in this war . They would , we think , have only done their duty had they expressed'themselves more energetically on this subject from the very commencement of hostilities . In our country where the notion of Government existing by divine right has been discarded for nearly two centuries , Sve must all be sensible that all Government is the
mere instrument of the popular will , and that the people are responsible for its acts . They suffer from them—and suffering is the proof of responsibility . But to prevent war , such as that now waging , people must prevent the oppression that makes it necessary to recover liberty . The fact that Government exists only by the popular will extends the responsibility of the people , and makes it their duty , to secure'liberty as well as prevent war . Trade thrives under freedom and peace .
No. 484. " July-*. 1859.1 The Leadeb. 80...
No . 484 . " July- * . 1859 . 1 THE LEADEB . 801
Money Market & Stock Exchange.
MONEY MARKET & STOCK EXCHANGE .
Friday Evening. The Demand For Money Con...
Friday Evening . The demand for money continues to be good , and cannot be expected to lessen till after the dividends are paid . At the end of every month the demand increases , and at present , according to this rule , the demand is very good . No bills are discounted under the Bank of England rate , and considerable demands are made on that body . After the dividends are paid there will probably be temporary ease , but then the demands for bonds will most probably increase , more loans will also , it is probable , be required by Governments , and an easy money market is then not to be expected . Money was somewhat in demand , too , on the Stock Exchange , . but' the business there was so unimportant that the demand was not great . The prices of tho funds and of shares have tended upwards through the week ; to-day the market was quiet . Consols opened at 925 to 93 , and closed about the same , or at most 93 k The intelligence from the Paris Bourse of a rise in the French funds , and intelligence of arise also at Berlin and Vienna , did not affect our market , sis it was generally believed that the rise abroad was not warranted by any politicalcvciits . There have been rumours of negotiations , but nobody believes that negotiations can be successful till some decisive victories have been achieved . The rise is , in truth , known to bo tho result of . a particular state of the purchases on speculation , and , therefore , it had no effect here . The revenue returns made a favourable impression , from" the evidence they aflbrd of the increasing consumption a ^ ul well-being of the people . Tho increase is so great in the Customs and Excise that though tlie Property and Income Tax has been reduced , had there been no necessity for augmented expenditure we might have dispensed with increased tnxation . But ) expenditure has of late been rapidly increased , and on this account additional taxation is dreaded . Last weok sugar was purchased in additional quantities from an expectation that tho duty on it would bo raised . Now it is supposed that tho alternative lies between an increase of tho Property and Income Tax , or a loan . In a few days , when tho Chancellor of the Exchequer has taken his seat , we shall know our fate , and in tho menu tiipo conjectures are of no value . Tho subjoined account of tho Bank of England wUl show the state of tho demands made on its resources ,
Wank Of England. An Aooount, Pursuant To...
WANK OF ENGLAND . An Aooount , pursuant to the Aut 7 th mul 8 th Vlolorlu ciy > . : » 2 , lorthu wuok , on < lliuy on Wednesday , thu ^ iU day ofJuno , lbtoh
—ISSUE DEPARTMENT . Notes issued £ 33 , 110 , 105 Government Debt £ 11 , 015 , 100 Other Securities .. 3 , 459 , 900 Gold Coin & Bullion 17 , 635 , 105 Silver Bullion .... £ 3 >; i 10 , 10 : £ 32 , ilO , lO 5 BANKING DEPARTMENT . Proprietors' Capi- Government Secutal £ 14 , 553 , 000 rities ( including ¦ Rest 3 , 178 , S 4 J Dead Weight Public Deposits { in- Annuity ) .... £ 11 , 281 , 376 eluding- Exche- Other Securities .. 18 ^ 458 , 897 quer . Saving *' - Notes . 10 , 841 , 665 Banks , Coininis- Gold and Silver . Burners of Na- Coin 686 , 238 tional Debt , and Dividend Accounts ) 9 , 832 , 957 Other Deposits .... 12 , 979 , 340 Seven Day and other Bills ...... . 724 , 32 s £ 41 , 268 , 1641 £ 41 , 268 , 160 M . MARSHALL , Chief Cashier . Dated . June 30 , 1859 .
Prices Of The Principal Stocks And Share...
PRICES OF THE PRINCIPAL STOCKS AND SHARES , AT THE CLOSE OF THE 1 IAUKET .
Last This Week Week
Last This Week Week
Stocks. 3 Per Cent. Consols—Money I>Itto...
STOCKS . 3 per cent . Consols—Money I > itto Keduced 02 * 93 * Pitto New - - y 2 | . ¦ < M | Hauls Stock 2- 'O India - Exchequer Bills 24 p Canada Government 0 per cent New Brunswick Government . 0 per cent . .. .. .. New South "Wales Government 5 per cent : .. .. . South Australia Government 0 per cent .. ... .. Victoria Government G' per ceut . ' .... Austrian Bonds , 5 per cent .. Brazilian JJoiids , 5 per cent .. ... " French Rentes ,: { per cent Mexican Bonds , 3 per cent . Peruvian Bonds , . 4 J per cent .. ¦ Spanish Bonds , 3 per cent . 4 'J Turkish Scrip , t 5 pur cent .... i T-i KA 1 LWAYS . Bristol and " Exeter ... 94 i . 04 Caledonian 79 SO Eastern Counties ; 50 j &&¦ ¦ : East Lancashire . ii'J 89 , < Great Northern OSi 10 O . ; „ "Western 54 | 5 ft ; Lancashire and Yorkshire yO § 934 London and Blackwall— ...., 04 G 3 London , Brigrhtou , and South Coast . 111 * . 113 London and North-Western 00 . !« £ London and South-Western 001 92 * Midland ... 9 * 2 W 9 * North British 54 $ 55 North Stailbrdshire 4 jfd 13 £ Oxford , Worcester , and Wolverhampton .. 3 i > £ 3 a South-Eastern ' .. G 7 CS $ South Wales ,. 01 01 Bombay , ltnrodaand Central India ... ... 17 £ ' 17 Calcutta and South Eastern id Eastern Bengal 3 $ lja East Indian 100 lul Grout Indian lVninsula l > 6 «~ 4 Madras ' . » 7 . J Wcindo - -iO 20 llufTalo « n « l Lake Huron 5 & i ( irnml Trunk of Canada 3 +. J 3 ± i Great Western of Canada ... 14 jj 14 $ Antwerp nnd Rotterdam 4 ? Dutch llli « inlsl » Old OAd Eahtern of Franco 24 * JJ 4 A Groat Luxemburg 54 flj Loiubnrdo-Vonctlnn iVS 7 \ Northern of J'Vnncc 30 * 37 > r I'Hris , Lyons , and Mediterranean , 3 ' 2 J iWJ l ' aria and < , ) rloanH 4 V ) 00 Southern of France ll » . J 10 J Western mid North-Western of Franco .. UyJ SI
General Trade Report.
GENERAL TRADE REPORT .
Tub Corn Market Was Dull To-Day, And Las...
Tub corn market was dull to-day , and last Monday ' s prices for wheat could not be realised by thoso who wished to sell . People begin to speculate oh the coming crops , and , as the weather lms been generally" favourable , a good harvest is expected . From the south of Franco , and from . part . of Germany , the reports are not all favourable . In our own potatoes tliu disease , which generally appears about this time , has shown itself in several places . We have hoard of it in tlie north of England , in Edsex and Kent . It has not yet , however , become alarming , and the condition of the corn market is an evidence tUat it is believed not yot to bo of much consequence . The other markets , too , were dull . Nothing of importance wns done in the sugar and coffee market today , and to dispose of quantities of either , lower prices vcru taken . Throughout tho country trade is not brisk . Every"'huro it is slightly affected by tho war . Tho iron manufacture feels it ; thp cotton manufacturers , though tliey still enjoy a good demand from India , & c , ieol a slackness from Ifhe partial suspension of demands for the Continent . For thoniotnls generally tlie market was dull , though spelter , which has been lor ft considerable period , very shield , was to-day a little more active .
Geneeax, P0et
FROM THE LONDON" GAZETTE . Tuesday , June 28 . . . : BANKRUPTS . Benjamin Robibsoii Bertram , Banbury , Oxfordshire , coal merchant . William Phillips , Norwich , leather cutter . . Bearon Marks and Edward Samuel Franklin , Birmingham , cloth cap manufacturers . John Astonj Birmingham , maltster . Thomas Swift , Sheffield , grocer . Francis Clubley , Kingston-upon-H nil , draper . James Wooldridge , Lincoln , fellmonger . Edward Clarke Brady , Ludibrd , Lincolnshire , grocer . BANKRUPTCY ANNULLED . ; Marniaduke Forster , Bradford , Yorkshire , bill broker . Friday , July 1 . BANKRUPTS . Charles Schloezer , Moorjjate-street , City , merchant . Benjamin Kirton , Woodford , Northamptonshire , builder . James Armitstead , Burnley , Lancashire , grocer . William Franklaiid , Morley , Cheshire , farmer . Robinson Cross , Hagwortuiiighain , Lincolnshire , grocer . Lyon Goldsmith , Finsbury-pavement , cigar dealer . Thomas Carter , Woburn , grocer * John Green Shedden , Birmingham a , voonen draper . Bearon Marks and Edward Samu & l Franklin , Birmingham , woollen merchants . BANKKUPTCIES ANNULLED . Robinson Cross , Hagworthingham , Lincolnshire , grocer . Robert Henry Obbard , Old-street-road , Middlesex , lead merchant . ' ,-,, Stephen Wrathall , Linton , Yorkshire , cattle dealer ; SCOTCH BANKRUPTS . James Thomson , Low Wishaw , saddler . Thomas Aimers , Galashiels , grocer . George M'Phail , Glasgow , bag manufacturer . Adam William Dunn , Cleuchhead , Roxburghshire , farmer . G . F . Lyde and Co ., Glasgow , manufacturers . Thomas M'Arthur , St . . Enoch's-square , Glasgow , carver and gilder . . James Taylor , Hope-street , Glasgow , commission agent . . . • John Calder , Kilbarchan , Renfrewshire , farmer . Robert Thomson , Hobkirk , Roxburghshire , farmer .
Railway Intelligence.
RAILWAY INTELLIGENCE .
On Thursday An Adjourned Special General...
On Thursday an adjourned special general meeting of the shareholders in the Great Western Company was held at the Paddington station , for the purpose of considering- the bills now before Parliament for raising funds to complete the Bridport Railway , and authorising the leasing- of the same to the Great Western , and also the Berks and Hants Extension Bill , neither of which were in a sufficiently completed state to be considered at the special meeting held on the 31 st of March last . Resolutions approving the bills were agreed to unanimously , and the meeting was further adjourned till July 20 , for the consideration of the remaining bills now before Parliament .
Joint St0ck _ C0mpanies.
JOINT ST 0 CK _ C 0 MPANIES .
At The Meeting Of The Deposit Creditors ...
At the meeting of the deposit creditors of Messrs . Calvert and Co ., the brewers , a resolution was unanimously passed ( save three dissentients ) for carrying on the business through the agency of a joint stock company . This arrangement merely involves a nominal conversion of the capital of the depositors , who , instead of creditors , become shareholders , or partners . At the annual meeting of proprietors of the South Australian Bank , the directors' report described the result of the bank ' s operations as satisfactory , and the position of its affairs as sound . The profit and loss account for the year states the not profits at . £ 40 , 899 , exclusive of the balanco of £ 28 , 571 , on the 31 st May , 1858 . Deducting the dividends paid in July and January last , the balance on the 30 th ult . becomes £ 42 , 077 , of which the reserve will receive 10 per cent ., and will thus be raised to A' 65 , 742 . The net profits available for division will then be £ 37 , 870 ., and the directors accordingly recommended a dividend of 9 per cent , per aim win , payable , as usual , in half-yearly instalments . 'Xhe directors expressed their ' unaltered conviction that boutn Australia , whatever may be its temporary depressions , cannot fail to afford in its immense resources , and with its increasing population , safe and abundant employment tor capital . " Tho roport was unanimously adopted , nnd tho dividend declared . At the extraordinary mooting of the Royal Mail Stkam Comi \ ant , on Tuoeday , ' tho shareholders , authorised tho directors to tonder for the convoy unco of tho inaila to Australia via I ' nnnmn , and also empowered the board to apply for 11 supplemental chnrtor , which will enable the directors to raise further capital by tho issue of now shnros , or debentures to tho extent of £ 500 , 000 . This course la
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Citation
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Leader (1850-1860), July 2, 1859, page 21, in the Nineteenth-Century Serials Edition (2008; 2018) ncse.ac.uk/periodicals/l/issues/cld_02071859/page/21/
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