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Tvo 467, March 5, 1859.] THE LEADER. B15
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JOINT-STOCK COMPANIES. At a meeting of t...
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GENERAL TRADE REPORT.
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London, Friday Evening., This Colonial m...
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MONEY MARKET AND STOCK EXCHANGE.
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Friday Evening. Axoririiu weak of npjH'o...
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GENERAL .TEADE REPORT.
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The Takis Mails—Tt is stated that tho ne...
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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.
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1'No.Tkoten Railway,—Tho Pms'i>Erlu-S »'...
Marseilles and Toulon , and it is expected that a locomotive may pass over it on the 15 th of March . ThTopeninff of it to the public is fixed for the month of April A company has offered- to continue the railway from Toulon to Nice . In that case the distance from Toulon to Nice may be accomplished in seven hours . The construction of the branch railway from St .-Lo to the great line from Caen to Cherbourg is making great progress . There are now more than 600 men employed at it . The works of the bridge over the Rhine which is to connect the Strasburg Railway with that of Baden are being continued without interruption . . : ¦ _ e
_ Roman Railways . — M . Mires has arrived in Paris frorn Rome , where he has been staying for the last three months , to superintend the works of his Roman railways . It is stated that the line from Civita Vecchia to Rome will be opened to the public by the end of March , or at farthest , by the beginning of April . It is announced very positively that visitors to Rome at Easter will enjoy the benefit of the railway . The realisation of this expectation must depend very much upon the question of peace or war .
Tvo 467, March 5, 1859.] The Leader. B15
Tvo 467 , March 5 , 1859 . ] THE LEADER . B 15
Joint-Stock Companies. At A Meeting Of T...
JOINT-STOCK COMPANIES . At a meeting of the Thames Haven Dock Company on Monday , after a lengthened conversation , a committee of four shareholders was appointed to confer with the directors , to investigate the accounts , and to report upon the future course of operations . The report of the Crystal Palace Gas Company > read at their meeting on Tuesday , showed the affairs of the concern to be improving . A dividend of G per cent , was agreed to . . Tunnel
At the meeting of the Thames proprietors the Chairman went into a statement of the company ' s accounts * and said that last year had been very much the same in all respects with the preceding one , with the exception of a slight falMng-off in the tolls to the arrioiuit of £ 3 Q . - At a meeting of the Submarine Telegraph Company on Wednesday a dividend was declared for" the past half-year at the rate of' 7 per cent , per annum . A general court of the Canada . Company is called for the 30 th inst .
The iihnual meeting of shareholders in the Alliance Bank is called tor the 21 st inst ., at Paris . The report presented at the meeting of the Railway Passengers ' . Assurance Company was received as satisfactory ^ and in addition to the interest declared at the rate of 4 per cent , per annum , a bonus of Is . per share was announced . One-half pf the bonus will be paid to the shareholders , and the remainder will be applied , to increase the paid capital of the shares , making 1 , 8 s . per share paid up , on which interest will in future be discharged . The total income from premiums for the year 1858 is 22 , 434 / ., against 16 , 931 / , ill 1857 , being an increase of 32 per cent . The benefit of this description of insurance is strikingly illustrated by the number of
claims made and adjusted , the compensation in each case varying from a few shillings to the larger amount of hundreds of pounds . The discussion was of a favourable character , the leading incidents of the report eliciting an encouraging commentary . On Wednesday the meeting of the Oriental Inland Steam Company was held , when the Board reported the dispatch of two trains of bai'ges to India , for use on the Indus . The whole of the new shares have been , taken up , so that the Company can extend its operations ; and it is to bo hoped they will begin on the Godavory , as they promise . An extraordinary genorul meeting of the St . Gqorgo Assurance Company is called for the 12 th inst ., to consider a proposal for embodying with this company the London nad Continental Assurance Society .
An extraordinary general meeting of tlio Economic Lifo Assurance Society is . ¦ cullod for the 19 th instant , to declare a bonus , and on other business . An extraordinary general . meeting of the Travellers ami Miiriiio Insurance Company is to ho held on the 14 th instant , to confirm an agreement for the nurohaso . pf the business of tho JUarino * nnd General Travellers' Insurance Society . The London District Telegraph Company notify that they are now prepared to arrange for tho supply of private wires between br-auoh establishments in tho metropolis . , M I « WKM 1 W I III—IKHIMW W »« WWI » ¦
General Trade Report.
GENERAL TRADE REPORT .
London, Friday Evening., This Colonial M...
London , Friday Evening ., This Colonial markets In tho week havo boon generally ili'in , without any speculative business . Tua hns boon on tho whole rather active , and stilus havo boon eiruutpU nt full prices , which is consistent with thu comparatively elwrt supply in bond nnd small arrivals , It niny bo osnocUul , in coneerjuonco of Into intulligonco from China , tlmt tho pvlco oiioulu sllwhtly nUvanoo . Coilbo ton , lino
brought full prices ; the imports and the stock in bond being comparatively small . Sugar has not shown any tendency to rise , the imports in the , two . first months of the year having been , according to Messrs . Toneman and Rouse . 53 , 000 tons against 46 , 700 tons in the same period of 1858 . But the prospects for this article , m consequence of the prosperity of the manufacturing districts , are good . ' ¦ We may add , that almost all the markets have a somewhat more cheerful aspect . According to Messrs . T . J . and J . Powell , the demand for leather and hides is extremely good , and the market for them is in a most satisfactory state . The details of the markets to-day will be found further on . There has been no change of importance in our mar-Icets . Trade in all its branches continues to be affected by the uncertainty that still prevails with respect to the intentions of several of the European powers . Nothing ,
of course , can be done with safety until the question ol peace or war is placed beyond doubt . At the beginning of the week the feeling was generally hopeful , in consequence of the statements of Ministers on Friday , but manufacturers and merchants have since then looked at those statements narrowly ,- —contrasted them with counter statements from abroad , and have come to the conclusion generally that Mr . Disraeli ' s assurances must be received with a prudent degree of caution . The result of this , is to check business and to prevent manufacturers from making goods to any extent , except in those cases where orders are in course of execution for the India and China markets . We understand considerable orders were sent here from the Continent , but they have been recalled because of the doubt which everywhere prevails . ¦ been
Liverpool—The market for cotton has steady ; the demand has been very good , and the price has shown a tendency to advance . This buoyancy in price has the effect of . checking purchases ; because buyers think that the advance cannot be maintained . Manchester . —It is highly satisfactory to be able to state that the latest advices assure the manufactures arid the exporters that the large supplies already sent forward to India , and the large unexecuted orders on liand will not glut the Indian markets . From the best informed commercial houses in India . we learn that the markets are in an active and an healthy state , and that prices are generally advancing . For C and 7 shirtings an advance of 4 d . to fid . per piece has been Secured . Yarns also are reported to be in better demand , and large sales have been made for delivery and for arrival . These statements hfive kept up the active appearance of our marketsand have served to maintain prices firmly .
, 3 f manufacturers had large . stocks on hand , they could dispose of them without difficulty ; but they are obliged to restrict their business , for the best reason , that they Lave no goods to sell . We cannot report any v . ery decided improvement in the trade for our home market . Business may be said to be fair , but . not large . Long cloths and T cloths are in good demand . In yarns a fair business has been transacted , and orders from Germany have been given out on the speculation that peace will not be broken . The most active demand lias been felt in printing cloths . Yarns suited to the German markets have slightly improved . Leeds . —It is satisfactory to state that though business is not very large or very brisk the general tone of the trade is firm . Buyers have been rather numerous , and have purchased freely . Mixtures and fabrics suitable for spring and summer have met with ready sale . , ¦ ¦ '
Bhapfobd . —The trade in wool , especially combing wools , is not active , and prices have given way slightly where sales were pressed . For nails and shorts there is but a dull sale . In worsted yarns no change of importance is to he noted . Several , large orders have been given put , and it is expected , as contracts end , new eontracts will be entered into at a small , reduction . We are glad to state that goods for tho foreign market are more inquired for . Export houses are making contracts with spinners . The steady demand for pieces still continues , and nil kinds of goods suitable for the season meet with ready sale . Fancy goods are . slack of demand . The shipping houses are comparatively inactive , owing , of course , to Continental complications . The Iuon TitAnrc . —Tho hardware trade nppenrs to
bo tolerably employed ; but in this , as in other of our manufactures , production nnd consumption ni-e affocted by the appearances of affairs abroad . The iron * rade continues brisk ) especially In reference to railway mntorials , many largo orders for which ) to bo sent away , are in course of execution . JVottinoiiam and Leioj-jstru . —Tho hosiery trade continuum active , jmt not quite bo octivo aa for some weeks p . i . st . Tho lace trade shows a shade , and but a sh / ido of improvement . Wo havo again to regret . that further dissensions between operatives and employers linvo ahown themselves . Wo will not attempt t * o on tor into tlw merits of tho disputes , but content ouraulvos with hoping that good sonso nnd forbearance * on both bldos will soon find a solution of existing diliicultioa .
Money Market And Stock Exchange.
MONEY MARKET AND STOCK EXCHANGE .
Friday Evening. Axoririiu Weak Of Npjh'o...
Friday Evening . Axoririiu weak of npjH'olionsions , though to-dny they are somewhat allayud , lias Uopt tho Stock and Slinro Market dull and Inanimate . Tho almndanoo of monoy nnd tho goncra ! pro'tpnrlty indicate tlio necessity of a conshlornbln rlao in nil kinds of aoourltloa , and only political nnnrolumoloua i . vuvont it . In tX ) U , all tho holders
of such property are deeply interested , and they caribut feel aggrieved and angry at those who inflict on them loss : and suffering . To-day , hopes of continued peace were somewhat " revived in spite of the contradiction given by the Moniteur to a statement that the French tooops had withdrawn from the Legation . Information from Vienna stated that the Austrian Government had declared its willingness to withdraw its troops from , the Pope ' s dominions whenever the Holy Father requested it .: Consistently with this statement , the French funds came better to day , the 3 per cent , rentes were
reported at C 8 f ., having risen from 67 f . 70 c . At the same time those who attend the money market more especially noticed that the Austrian exchanges came worse to day , and come worse and worse every day , and they speak of the hopes of peace as fallacious . They pointed also to the statement that the army of Italy is to be immediately put . on a war footing , and refused to believe that the state of things was improved . The dealers in the funds took a more cheerful view , arid Consols rose from 95 £ to 951 , at which figure the regular market closed . Business , however , wasby . no means animated . in demand account of the 4 th
Money is temporarily on . being a day when many bills fall due , and 2 £ was the customary rate for the best bills . There is no reason , however , to believe that the increased demand and the rise in the rate : will be . permanent . The Stock Exchange witnessed to-day an unusual and graceful ceremony . James Hutcliinson , Esq ., who was fora long and troublesome period Chairman of the Committee for General Purposes , lately retired from this office , and to-day the members of the Stock Exchange presented him with a very handsome piece of plate , as a testimony of his long- and valuable services . It is a valuable iipergjic , bearing an inscription to this effect , and the date of the presentation . Mr . Corthorne , as the organ of the subscribers , in presenting it , addressed Mr . Hutchinson in very appropriate terms , commemorating his services , and expressing the gratitude of the body for arduous
the vigour with which he had . fulfilled very duties . Old recollections came forcibly to many minds , arid feelings seldom recognised in the Exchange made themselves visible in many countenances . Mr . Hutchinson himself was so affected that he could hardly command appropriate language to express his satisfaction at such a high appreciation of his services . . There has been an importation of gold in the week to the extent of 164 , 0002 ., and we may expect that the Bank of ¦ England , which is not getting bills to discount will have a further increase of bullion and reserve . - A memorial has been presented to the . Treasury , calling attention to the fact that eape ( or riouth African ) wine pays a duty of 2 s . lO ^ d . per gallon ,, while other wines pay 5 s . 9 d . —a bounty or subsidy equal to 20 / . pur 108 gallons in favour of the Cape grower ; and praying for the removal of this injustice in any way the Chancellor of the Exchequer may think fit .
General .Teade Report.
BANJv OF ESOLAXD . ¦ . An Account , pursuant to the Act 7 th and Sth Victoria , cap . 32 , for tho week ending : an Wednesday , the and day of March , 1 S 59 : — ISSUE BEPAKTMENT . Notes issued £ 33 , 593 , 400 Government Pebt £ 11 , 015 , 100 Otht-r Sectu-ifies ... 3 , 4 j !> , 1 > 00 Gold Coin 4 & million 10 , HS . 490 ¦ silyc'i- . Bullion .... * : i 3 . f > y 3 ,-100 £ 33 , 5 U 3 , 400 BANKING PEPAHTJ 1 EST , rropriotors Capl- Govevnmoutfeocutnl ... ; £ H , e . 53 , Q 00 ritios ( iiitHuln » S ? Rest 3 , 017 , 089 'Dona Weight , Public DepositH ( iu ' Aiml i lty ) - - - , ; - **'" iR' 82 S ' otn cliullnpr Kxche- Othor Sccuritiou .. J W ^ OSO quer . Savings' Xotos ............ 12 , tW 4 ,: M 3 Banks , Cominifl- Gold iiurl bilvcr sionors of Na- Coiix 700 , 112 tionnl Debt , and Diviflond Accounts ) . •; ,....,.. 8 , 315 , 00 . ' ) Other Deposits .... 13 , » . ) 5 , 003 ! 3 ov « n l ^ ay and otlior Bills ..:... 758 , 787 .-eTi 7 i 2 o , " 5 o 4 . ¦ c- » , aai ) , 5 o * M . BIABSIIALL , Chief Cushk-r . Dated March 3 , 1809 .
The Takis Mails—Tt Is Stated That Tho Ne...
The Takis Mails—Tt is stated that tho negotiations for" the acceleration of the day mail between London and Paris , and for its convey anoo via Boulogne , are still in progress . Nothing definite ,, howover , soums to have been concluded , although tho low-water landing at Boulogne is in course of construction , nnd the short cut on the railway from St . Denis to Creil is on tlio point of being completed . It is said tho French postal authorities and tho parties under whose superintendence the conveyance of the mails is carried out nro favourable ? to tho chango , and that the only difQuulty proooociu J , rom our own postal authorities , who hesilutu to take the initiative in tho matter . Thoro seems no doubt that tho alteration would offliot n e > - ° llt improvement in tho . international niail service , and while the saving in difltunco nnd tlrao by the Bou ognu route is incontestable , tlio lateaoo dent at Calais is suffleiont to prove , not tljnt tlio QilnU routo b unsafe or dancrorous othonvlso than under very exceptional circums tances , but that on some such occasions it is bo , oven with westerly wlndu , and therefore does not possess any special advantage to componsato the unquestioned superiority , ol tho other routo so far as tho day mall ia concoruod .
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Citation
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Leader (1850-1860), March 5, 1859, page 27, in the Nineteenth-Century Serials Edition (2008; 2018) ncse.ac.uk/periodicals/l/issues/cld_05031859/page/27/
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