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704 , - ,T-H.E LEADER, [Commercial
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BANK OF ENGLAND. An Account, pursuant, t...
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PRICES OF THE PRINCIPAL STOCKS, SHARES, ...
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. Last This.. Week Week
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STOCKS. 3 per cent. Consols—Money ^S ^'f...
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Bullion, por ox. Foreign Gold In Bars, (...
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COMMODITIES. Wheat—Rod, Now, -10s. to fi...
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GBNERA.L TRADE REPORT.
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Friday Evening. Our manufacturing indust...
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RAILWAY INTELLIGENCE.
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A special meeting of the Victoria Statio...
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Hungarian Raii/wats,—The Debrezin Miskol...
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JOINT-STOCK COMPANIES.
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^^ m«-r««. ,„ JOINT-STOCK COMPANIES.
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.
Cily, Friday-15veiling-. In The Money Ma...
suspended their payments . This is one of the curses of war . The London Chartered Bank of Australia held its ordinary general meeting to-day , when a report on the condition of the bank and a statement of its assets ana liabilities were laid before the shareholders . The' profit on the year was . £ 33 , 809 , and a dividend of . 3 per cent , was declared for the six months , making a dividend of 6 per cent , for the year ; £ 5 , 000 was added to ih , e . reserved fund , and there is a rest of j £ 7 , 809 .
704 , - ,T-H.E Leader, [Commercial
704 , - , T-H . E LEADER , [ Commercial
Bank Of England. An Account, Pursuant, T...
BANK OF ENGLAND . An Account , pursuant , to the Act 7 th and 8 th Victoria cap . 32 , for the week ending on Wednesday , the 1 st day of June , ISoO : — ISSUE DEPARTMENT . Notes issued £ 31 , 570 , 740 Government Debt £ 11 , 015 , 100 Other Securities -.. 3 , 459 , 000 Gold Coin & Bullion 17 , 095 , 745 Silver Bullion .... £ 31 , 570 , 74 ; - . £ 31 , 570 , 745 BANKING DEPARTMENT . Proprietors' Capi- . Government Secutal . £ 14 , 553 , 000 Tities' ( including ; Rest ... ..:. 3 , 1 ( 30 , 840 Dead Weight Public Deposits ( in- Annuity ) .. ¦ G 11 , W 1 , 3 / O eluding Exthe- Otlior Securities .. 10 , 200 , 040 quer , Savings' Notes K > , 47 * vW 0 Banks , Commis- Gold and Silver sioners of Na- Coin — . oot > , boi tional Debt , and " . Dividend Accounts ) . 0 , 301 , 774-Other Deposits .... lG , 830 , 23 fr Seven Day and other Bills 783 , 705 ^__ £ 41 , 635 , 557 £ 41 , mo , r , 57 M . JIAESHALL , Chief Cashier . Dated June 2 , lgoO .
Prices Of The Principal Stocks, Shares, ...
PRICES OF THE PRINCIPAL STOCKS , SHARES , AND COMMODITIES AT THE CLOSE OF THE MARKET .
. Last This.. Week Week
. Last This . . Week Week
Stocks. 3 Per Cent. Consols—Money ^S ^'F...
STOCKS . 3 per cent . Consols—Money ^ S ^ 'ff Ditto Reduced ............ ' - 'li '•« Ditto New !> 1 »* Bank Stock ~ ' ~ 0 Sildr- - Ind { a i • Exchequer Bills . ; ......... Canada Government 0 per cent New Brunswick Government i ! per cent . .. New South Wales Government a per cent . South Australia Government G per cent .. Victoria Government 0 per cent . Austrian Bonds , 5 per cent Brazilian Bonds , /> por cent 1 W French Rentes , 3 por cent Mexican Bonds , 3 per cent 10 | Peruvian Bonds , 47 £ per cent .. Spanish Bonds , 3 per cent . 40 41 Turkish Scrip , 0 per cent ., & h RAILWAYS . Bristol and Exeter M > M Caledonian .. 7 fti ' ( Eastern Counties 5 : ti 04 !| East Lancashire ' . « 4 # 7 Great Northern OOi W > „ Western 52 * Ml Lancashire and Yorkshire & W ; . ° <' . l Londona . ndlHackwn . il . < M & ^ * z London , Brighton , and South Const 110 HO London and North-Western S 7 < j «» London aud South-Woetorn 874 81 );; Midland 00 07 ;; North British ..., : 5 I § 03 ' North Staffordshire l' -Jtt l- (! : Oxford , Worcester , and Wolverliampton .. 2 l » M ) Houth-Eastern < M $ Mi SoSth Wales 01 «' - Bombay , Barodivand ContralIndia ... 1 <> J 108 Calcutta and South Kastcrn , Eastern Bengal lju H « Kast Indian 07 Great Indian l'vninsula , OAA 08 J Madras 17 j Scindq ... Buffalo mid Lake Huron 5 4 A Ornnd Trunk of Canada 31 30 * Great Western of Canada 14 U & Antwerp and Itottordam .. % * 44 Dutch KhonlMh 7 d m ISastorn of Franco 24 2 r > GroatLuxomburfr s 4 J 5 + Lombard o * Vonotlnn 2 * ft * Northern pi' Franco 3 SA ! J (» i 1 ' aris , Lyons , and Muditurraiican . 11 , 3-24 J ' arls and Orlonns 4 H 40 Bouthom of Franco 1 H 184 W « Ht « rn and North- Western of Franco .. HO ' Mj
Bullion, Por Ox. Foreign Gold In Bars, (...
Bullion , por ox . Foreign Gold In Bars , ( Standard , 77 b . i ) d . j Mexican Dolsfis . OJd . j Sllvorln Bare , Standard , 08 . Od .
Commodities. Wheat—Rod, Now, -10s. To Fi...
COMMODITIES . Wheat—Rod , Now , -10 s . to fiOe , ; Pino , Ms . to 57 b . ; White , Now , GOh . to 04 b . Foreign , II ,. ' 10 b . to 00 s . ( Whlto F ., ( Ws . toOOe . j Ryo , { lOs . toUSw . j liwky , « 8 b . to J «» . ; Mulling- 08 s . to 43 a . i Malt , Qrd . 08 b , to ( W » . j J ' ons , Hog-, 37 h . to 4 fi 8 . » Beans , Tlokh , 07 b . to 41 h . i Indian Corn , ! N 5 b . to 30 b . t Oats , Food , « 0 s . to « 7 h . ; Fine , S 27 e . taiiUn . Fm > uk—Town-mudo , por nnclt , ao « . to 30 b . » 8 econdn , 4-is . tol 48 B . \ JCbbox nnd Suffolk , on board ship ; 40 b . to 42 b . t Norfolk and Stockton , 3-le . to ' Me ,- Anicrlaan . per barrel , « 0 s . to Win . \ Canadian , 30 e . to 3 « b , —Bread , 0 & d . to 8 Jd . tho 41 b .
Wheat . Barley . Oats . Rye . Bean * Peas . s . d . s . d . a . d . s . d . s d . s . d : April 23 II 4 12 J- 22 ; ) 2 i 41 4 38 11 — 30 .... 12 U'i » & 4 iO I ' . 41 i- 38 G May 7 M > 10 32 ft 24 1 . 32 t- 12 ^ 19 11 — 14 ... .. 52 5 32 1 ( 25 4 J 3 4 t . > 3 42 0 — 21 .......... 54 4 13 7 20 ? Mi :. i 7 U J 5 5 — ? 8 ...... ) O T / 13- « 25 ¦ . 1 « > 40 ( . 42 10 Six weeks' Ag-gre- 2 ; J 2 u , - , l 2 u u u i 0 g g-ate Average . : ¦ -i
Gbnera.L Trade Report.
GBNERA . L TRADE REPORT .
Friday Evening. Our Manufacturing Indust...
Friday Evening . Our manufacturing industry continues active . In . Manchester and other great towns of this description , there is no ' want of demand . The world was doing very well till the quarrels of princes disturbed it , aiid we can only hope that these will tend ulti-. mately to the freedom and prosperity of the people . As yet these qmrrels have not much affected our trade ; the alarm is more for the future , than on account of any present losses . To-day in the Corn market prices had again a tendency downwards . The weather at present is favourable to our hopes of large crops . Grass and fodder of all kinds will be abundant ; but the cereals , though at present the weather is favourable to them , will yet need a dry and warm sun . In Mincing ^ lane the demand for sugar was good , and the market firm . Tea and most other commodities were steady in price , with rather a slack demand ,
Railway Intelligence.
RAILWAY INTELLIGENCE .
A Special Meeting Of The Victoria Statio...
A special meeting of the Victoria Station and Pimlico Railway Company is called for the 15 th June , to authorise the directors to borrow 225 , 00 < H ; and a special meeting of the Sittingbournc and Sheemess Railway Company for the 23 rd June , to approve the bill for raising additional capital and sanctioning a lease , of the railway to the . East Kent Company . The adjourned special meeting of the London and South Western Railway Company , fixed for the 2 nd of June , will \> e further adjourned to the 23 rd of June . At the meeting of the Eastern of France Railway Company , held at Paris on Saturday , the dividend was fixed at the rate already announced , viz ., 20 f . 46 c . per shore . The accounts were adopted , as well as the new convention between the company and the Government .
Hungarian Raii/Wats,—The Debrezin Miskol...
Hungarian Raii / wats , —The Debrezin Miskolcz Railway has been opened . There is now one continuous line of railway communication from Vienna , to the farthest and most easterly parts of Hungary
Joint-Stock Companies.
JOINT-STOCK COMPANIES .
^^ M«-R««. ,„ Joint-Stock Companies.
« r £ OA £ LNOr Contraband . —The Moniteur says - __ " The Emperor ' s Government has hitherto not V garded coal as a contraband object of war- and w ^ are prepared to announce that it will conform during the present war to this mode of regarding it " The Atlantic Telegraph . —This company has issued a report , that will be submitted to an extraordinary meeting of shareholders which is about to beheld . The directors in this report show themselves anxious to carry on their important undertaking , and they say that they have concluded a provisional arrangement with the Government which may be the means of guaranteeing the successful completion of the work . By this plan further
capital can be raised , and niore cable submersed The Government are ready to guarantee a dividend of 8 per cent , per annum for twenty-five years * provided the cable is in successful operation and capable of conveying 100 words an hour . Also , that they will ' pay 20 , 0007 . per annum for messages . The company are to be allowed to spend 20 , 000 L out of the new guaranteed capital in attempts to make the existing cable available ; They are likely to continue to enjoy the benefit of the original arrangement for a payment of 14 , 000 * . per annum from the United ' States Government . In return they are to surrender the exclusive right of landing cables on the shores of'Newfoundland .
Prospects of the Silk Trade . —Of the producing capabilities of China for silk there is scarcely any limit . Forty years ago , the raw silk it was capable of furnishing was thought not much to exceed 200 , 000 lbs ; annually . The quantity imported into the United Kingdom alone , in 1830 , i-ose to 500 , 000 lbs : ; and in 1857 , it had risen to nearly 10 , 000 , 000 lbs ., of all kinds ; so that the quantity which was supposed to be the utmost capacity of China to produce has been multiplied fifty-fold . The year 1857 may probably be considered an exceptional one , but even though last year was an exceedingly dull one in a business point of view , a difference of the 2 , 000 , 000 lbs . of silk-between the imports from
China in 1858 and 185 G is rather unexplicable . In 1 S 44 > 45 , the export of , raw silk from Shanghai amounted to only 9 , 434 bales ; but in 1 S 36-57 , it was 60 , 736 bales . Within the short jieriod of rifteon years , Shanghai has furnished . Europe and America with 534 , 845 bales , which , taking them on the average at 108 lbs . net , gives a total of 58 , 763 , 260 lbs . of silk ; and as it takes about 12 lbs . of cocoons to furnish one pound of raw sil'k , this gives 705 , 159 , 120 lbs . of cocoons required for the production of the silk for export , exclusive of that for the large local consumption . There are very few ,- except the lower
classes in China , but what are chid in silk garments , and this taste for silk articles of dress is largely on the increase in the United Kingdom and in Europe . Unlike the production of silk in Italy , France , and Bengal , there are no . filatiires or extensive establishments , in China for reeling silk of a known sizo , quality , or kind , uniformly throughout . All China silk is the produce of cottage or domestic husbandry and is mostly reeled by the peasant population which raises the worm . The mulberry iscultivatcd all over China , except in the most northerly regions . — China Tdeuruph .
French Sliding Scai . ic—A petition , which in a ' few hours was covered with 8 l ) i > signatures of the leading merchants at Marseilles , has just been transmitted for presentation to the Emperor , praying that the operations of the sliding scnlo ii > ny bo suspended until the 30 th of September , insten . ot being allowed to come into force next Monday . ll > c decree of last year extended the term for the , rotimportation of corn until the last day ot bopU-intoer , and , relying upon this , importers have maile purchases and contracts for the ; delivery of corn here during the months of Juno and July . of tho
Hoinb . —Unfavourable accountsaro received hop plantations throughout the district of \ \ Q ™*™ : The bine is backward mul wouk , and in many grounds it is eaten oft " almost as rapidly as it nmkob its appearance above ground . In places where tJit bine is more forward tho fly is becoming vciy numerous , so that the present prospect ol a c op is anything but promising . Few hops are > '" market , prices are advancing , and tlio present cui roncy ranges from 80 s . to 90 s . per cwt . Nkw Atlantic Caulk . —It is staled that a mm * Atlantic Telegraph Company is about to be bioiit , u lo l 1
Tub annual meeting of proprietors of tho Atlas Assurance office is called for the Gth of July , to declare a dividend ; and a general dividend court of the Royal Exchange Assurance Corporation for the 22 nd of June . A petition for tlic winding up of the British and Foreign Reliance Marine Assurance Company is appointed to be heard in the Court of Chancery on the 11 th of June . At the meeting " of the Trust and Loan Company of Upper ^ Canada , the dividend declared was at the rate of 7 £ per cent ., in accordance with the i * ecommendation of the directors . The whole , of the discussion was congratulatory , and after the payment . of this amount , a sum of 128 / . will remain to be carried to tho credit of the next half year's account ; the reserved fund will then stand at 20 , 7211 .
The dividend declared at the annual meeting of the Oriental Gas Company was 2 per cent , on the paid-up capital , and the report and accounts , after some discussion , were adopted . Tho progress of operations is more encouraging , and although tho rate of distribution at present appears small , it is fully anticipated that it will steadily increase . At the meeting of tho Peninsular ami Oriental Steam Company , the report was ngreod to , and tho dividend of 4 pox cent , sanctioned by the shareholders . The arrangements made for the Australian service , and tho riew contract with the Pacha of Egypt , for oxpoditing tho transit route , afforded satisfaction , and the only point discussed was tho increase in tho cost of tho freightage of coals to the various etatlons , which has become a sorious item in the accounts .
At the meeting of tho Law Property and Life Assurance Socioty , on tho 27 th ulfc ., tho statement placed before tho < Urcotord was extremely favourable Tho report stated that tho directors havo accoptod tho transftir of tho business of two life offices , producing an income of upwards of £ 2 , 000 per annum . The directors also inform the shareholders that after making allowance for all lapsos to tho prosont date , tho income of the Society now amounts to . £ 15 , 000 per annum .
before tho public . It is proposed to lay <» » " ' cables of peculiar construction , on tho print lo ol what is known as secondary Insulation , and uviin , tho advantage of the application and adoption o ai tho latoat Improvement * suggested by tho l » m o «| past experiments . The cable consists ol tlie j > < coll of copper wiros insulated with 1 n » i ' ' and India-rubber or gutta-poroha , and axtvi or wy covorou with homnen ropo alone ? , instead o niouu . not twisted spinifly , but close woven on tHo j w «" lino principle , forming altogether one of * Jf „ ffi f f , flexible , nnd moat durable of cables . 'lhoeo » i w also economloal , ,
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Citation
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Leader (1850-1860), June 4, 1859, page 20, in the Nineteenth-Century Serials Edition (2008; 2018) ncse.ac.uk/periodicals/l/issues/cld_04061859/page/20/
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