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TSTo. 472. April 9,1859.] THE LEADER. 47...
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HANK OF ENGLAND. An Account, pursuant to...
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At a meeting of the governor, directors,...
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HOME, COLONIAL, AND FOREIGN PRODUCE MARK...
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REVIEW OF THE WEEK. Friday Evening, The ...
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2,000,000/. is the'amount of KxPhoquor b...
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.
Friday Evening. Money Is In Good Demand,...
thority , is to be £ 12 , 000 , 000 , issued at 69 for 3 per cent . As the payments are sprea d over eight months , while the interest begins from the subscription , the 69 will be equivalent to 68 . Not more than £ 4 , 000 , 000 of the loan will be reserved for the English market , and that amount will probably find ariady sale here , though it is not offered on terms tnore favourable than the terms at which other Eussian stocks can be obtainedan the market . Ihe credit of Russia , however , is good , and unless some very untoward event should arise , it is likely to be placed without difficulty . _ . The attention of the monied world is at the same
time directed very closely to the Indian loan , the Act authorising which is announced to receive the royal assent immediately . ,, ,, i + Private letters in town from Melbourne do not represent the affairs of the colony of Victoria lriquite so favourable a light as the public accounts . There had been a large influx of immigrants , and a considerable number of people were in want of employment . The finances of the Government were , at the same time , not in a favourable condition , and complaints were again heard of the misappropriation of the land . . .. old
A new phase of society , similar to a very phase of society in Europe , is now manifesting itself in the colonies . Strikes have become common in New York , and other towns somewhat crowded with a manufacturing population . Strike meetings of furniture carvers , cap makers , and varnishers have been held in New York . The first named have succeeded in getting an advance of wages , and the others have the same objects in view . The White Star has arrived from Melbourne , bringing . £ 130 ; 000 in gold ; but , at the same time , it is announced that gold in small amounts is continually removed from the Bank .
The law passed a few years back , when there were very exaggerated stories rife in the land about an epizootic on the continent , is now found to act very injuriously . ' .. At a time when meat is very dear , it keeps wholesome food and healthy cattle out of the market . Lately 104 head imported were not allowed to be landed because the Custom Inspector was of opinion that they were diseased . Other authorities decided differently , but the cattle were
sent back to Holland where they were pronounced healthy , causing , no doubt , a considerable loss to the stoppers . This law is . one of many modern enactments , passed at the instigation of half scientific men , and for which * the Parliament , and the impulsive people who have hastily demanded them , are alike responsible . The deliberative assembly , however , which ought not to yield to panic terms-or foolish theories , is more to blame for them than the deluded people .
Tsto. 472. April 9,1859.] The Leader. 47...
TSTo . 472 . April 9 , 1859 . ] THE LEADER . 475
Hank Of England. An Account, Pursuant To...
HANK OF ENGLAND . An Account , pursuant to tho Act 7 th and Sth Victoria , cap , 38 , for the wi > uk oudiny on AVeduesday , the Oth day of April , 1850 : — ISSUE DEPARTMENT . Notes issued £ 32 , 710 , 23 ( . Government Debt £ 11 , 015 , 100 Other Securities .. 3 , 450 , 000 Gold Coin & Jlullion 18 , 371 , 230 . Silver Bullion .... £ : V » , 7 W , 23 ' £ 32 , 700 , 230 HANKING DEPARTMENT . Proprietors' Capi- Government Secutal ... , £ 14 , 55 : 1 , 000 rltlcfl ( Including Roat 3 , 101 , 3 Hv ; Doud Weight Public Deposits ( In Annuity ) £ 11 , 708 , 30 / 1 eluding' Kxehe- Other Securities .. 17 , 717 , 713 quor , Savings' Notoa 11 , 254 , 070 Banks , Commlfl- Gold and Wilver Hloners of Na- Coin 070 , 248 tlonal Debt , and Dividond Accounts ) 0 , 000 , 001 Other DodohUb .... 12 , 020 , 732 Seven Day mid other Bills 784 , 501 ^ £ 11 , 350 , 3311 £ ll , 350 , » 3 ( i l \ f . MARSHAL , * ., Chief Cashier . Dated April 7 . 18 m '___
At A Meeting Of The Governor, Directors,...
At a meeting of the governor , directors , and proprietors of the TJank of England , hold on Tuesday , Mr . Bonamy Dourqo was elected Governor , and Mr . Alfred Latham , of the firm of Arbuthnot , Latham , and Co ., merchants , of St . Helen ' s-passago , Deputy-Governor , for tho ensuing year . Frtob Thadk in Francr . — In spite of tho violent assaults of tho protectionists and tho opposition of tho Sonato , froo-trado appears to havo obtained another rospito . The JEc / tQ Ai / ricole announces that tho Council of State has terminated its examination of the corn laws . Another journal states that no now law will bo brought forward this yoar , and that tho regime of froe-trado established by tho dooree of October , 1858 , and which is tho continuation of that which has oxistod since 1853 , will remain in force until tho 90 th September next . At that poriod tho government will take the subject again into consideration , and th ' o result of the next harvest and tho state of prioos will influence tho resolutions which it will come to .
Home, Colonial, And Foreign Produce Mark...
HOME , COLONIAL , AND FOREIGN PRODUCE MARKETS .
Review Of The Week. Friday Evening, The ...
REVIEW OF THE WEEK . Friday Evening , The markets are without any material alteration Corn is dull of sale , and the price rather flat . All the Mincing-lane markets ' are firm without much activity . . In confirmation of what we have stated in two successive weeks , of wheat going to the United States , we copy the following from the Neiv YorA Courier and Inquirer : —
" The latest quotations for wheat inXondon . show the price of breadstuff ' s to be absolutely lower in the English market by some 15 cents , per bushel than in theTJnited States . The truth is that the country is suffering grievously from a nearly general failure of our provision crops for three or four successive years . Indian corn and oats were almost ruined last year by drought , and the wheat by blast . The same thing has happened three times since 1853 , with the additional calamity that potatoes and roots generally have failed from drought every season since 1853 but that of 1858 . No period of undoubted and
admitted prosperity can be looked for throughout the United States until after at least two favourable seasons for cereals and roots . The condition of the country in this respect is the same as in 1837-38 , when a foreign Hebrew banking-house -wrote , with onl ^ r rat ional prudence , ' that they did not care for investments in an agricultural country which imported its food , There can be no permanent improvement until we are relieved from dependence on foreign manufactures , or are enabled by a welldirected , industry to extract from the earth the means to pay for what we buy of them . "
We have to note nothing of a particular character . As a matter of course , the dissolution , has interfered with business , but a good trade has , nevertheless , been done , and at fair prices . The unusual and unseasonable fine weather has cattsed a good deal of attention to be directed to the crops and to horticultural produce . If avc have a continuance of fine weather , with a due proportion of rain , and no nipping frosts , like those we had last week , we may reckon on another season of abundance and cheapness . Corn . —Business has been quiet during the week . The home and foreign supplies were not large . Wheat and flour steady at the late ratio . Oats , not much in demand . Fine barley keeps up its price . Beans and peas in limited request . The following is a comparative statement of the prices of raw cotton , wheat , and the rates of discount , & c , in March , 1849 and 1859 : — Mar ., 1840 . 3 Tar ., 1850 . Cotton , Upland bowed , lnir per lb . 4 $ .. 7 5-lGths . . Ditto „ ffooafair ,, .. 5 .. 7 7-lOths . Ditto , Pornaiubuco , fair ,, .. 5 S .. S 7-lGths . Ditto „ good fair „ .. C > % .. Hft Avernge prices of wheat per or .. 40 / 8 ,. -10 / 0 Kates of discount for
unexcoptfouat 2 s . ; also seventy puncheons common pale , Leeward Island ^ at Is . 7 d . to Is . 7 £ d ., proof . Rice . — -Bengal , middling to good middling white , 9 s . 3 d . to 10 s . Sago has gone off more freely , especially for the better qualities , which are rather clearer ; fair to good bright small pearl , 19 s . to 21 s . ; dull , 18 s . to 19 s . 6 d . ; large , 18 s .-6 d . to 19 s . per cwt . Arrowroot realises the previous quotations j St . Vincent , 3 d . to 3 fd . ; Jamaica , 6 d . ; Natal 4 cL per lb . Pepper . —The market is dull , at previous quotations . Penang , principally damaged , first class , 3 fd . 3 id . ; sound 3 $ d . White pepper- ^ of 355 bags from Singapore fifty bags good found buyers at 8 < J . to 8 £ d . ; the remainder inferior quality bought in at 7 fd . to 7 £ d .
Pimento is only saleable at rather lower price _ s % . good ordinary to middling , 3 d . to 3 £ d . ; good middling 3 £ d . per lb . - Ginger . —Ordinary to middling , 76 s . to 91 s . ; good middling to rather bold , 104 s . to 130 s . Mace . —Low middling Singapore sold at Is . 2 d . Nutmegs . —Singapore sold steadily , middling Is . lOd . to Is . lid . ; small Is . 6 d . per lb . . Fruit . —The market remains unaltered , the demands at the previous prices being steady but limited . Currants , a few lots sold at 32 s . to 34 s . ; "Valencia Raisins , chiefly withdrawn , part sold at 35 s ., damaged 28 s . 365 cases Eleme , bought in at 60 s ., and 437 bags black , at 26 s . Bombay Dates , IBs . ¦ ¦ . ¦ •'• ¦ ¦ . Valencia Almonds , -withdrawn 50 boxes ; Jordan , 61 . 10 s . per cwt .
The-annexed remarks are extracted from Messrs . Richard AVitherby and Son ' s circular : —The stock of currants in London on the 31 st March consisted , according to dock and wharf returns , of . 300 butts , 7 , 208 carrotells , 59 , 489 barrels , 13 , 968 cases , 2 , 050 pipes , and 1 , 045 half pipes , or 10 , 200 tons against 12 ; 500 tons on the 31 st December , 1858 , and 5 , 500 on the 31 st March 1858 . The currant market has of course partaken of the general inaction which bas so long prevailed in most articles . The extremely low prices of good old fruit , have much interfered with the sale of new , which are now in some description Ss . to 12 s .. per cwt . lower than at the opening of the season .
Raisins . —As arrivals seem to have ceased wehave now only to watch the clearances-Those of March , in London , were for consumption 480 tons against 530 tons in March , 1858 , and 270 in March , 1857 . ; and for export 358 tons , 67 of which to the United States , 85 tocolonies , 200 to the continent , and 1 G coastwise ,, making the total March clearances 838 tons . Salepetre .- —Bengal sold for arrival at 38 s . Cotton . —The market remains inactive . Jute . —Undesirable qualities went at a decline-£ 1 per ton . Hemp . —A lot or two of third class damaged , soldi at j £ 20 5 s . ; 04 bales white . realised . £ 37 10 s . per ton-Co ^ goods , sound , £ 24 5 s . to . £ 24 10 s . ; Ceylon fibre , £ 27 to . £ 31 ; Madras , £ 23 10 s . to X 24 . Indigo . —Guatemala , 3 s . 8 d . to 5 s . 1 Id . CocmNEAJU—Teneriffe silver , 3 s . 6 d . to 3 s . lOd . ; black , 4 s . ; three bags Maderia , 3 s . 4 d . to 4 s . ; thirtynine bags Honduras silver , 3 s . 3 d . to 3 s . 10 d . Tat-low . — The market for Y . C . is steady at 53 s . 3 d . on the spot ; 53 s . to 53 s . 3 d . April to Juner and at 53 s . 9 d . for the last three months' delivery . Linseed Oiu—The market is steady at £ 29 . Oil ,. —Rape continues quiet at £ 42 10 s . for foreign refined , and at . £ 39 for brown . Palm and cocoa-nut remain at previous rates without much , business doing . Linsekd . —The market is quiet at 52 s . to 52 s . 6 d . for Bombay , and at 49 s . to 50 s . for Calcutta . Kapesked attracts little attention at 57 s , to 58 s . for Bombay Guzerat , and at 49 s . for fino sound Calcutta . Turpentine . —Spirits are only in limitod demand , at 43 s . for American , and at 42 s . for English . Spki / tku . —< -Pew inquiries arc mado , and tho market may bo reported , quiet . Tin . —About 600 slabs Banca havo boon recently sold at £ 135 . Scotch Pia Jnos lias declined to fi 2 s , The shipments last week wore C , 280 tons foreign , and 8 , 051 coastwise ; together , 13 , 331 tons , against 15 , 000 tons in the corresponding wcolc of last year .
able . Rills 3 ' - ' 4 Av , circulation of tho Bank of England iumillions of pounds .. 18 $ .. ~ 1 & Av . amount of JJullion in the Bank iu millions of pounds 1 SJ . .. 10 J Hides and Leather . — -The . markets are comparatively inactive . Sugar . —The market retains its improved tone . Almost all descriptions find a readier sale at full prices , and in crystallised a further small advance is established . Mauritius ' . —By auction crystallised was disposed of at very firm prices ; middling and good middling yellow ( duty 13 s . lOd . ) at 43 s . fid . to 44 a . Gd . jlow to good white ( duty 16 s . ) at 47 s . to 49 s . Benoaj-. —Cossipore , fine yellow ( duty 13 s . 10 d . ) , at 48 s . ; sirups ,,. 45 s . 6 d . ; tho remainder , ordinary brown , date at 30 s . 6 d . to 31 s . Cd . IfoREiaN . —[ Further public sales of clayod Manilla , to the extent of 18 , 013 bags , were brought forward , of which about 11 , 000 bags wont ofT freely at firm prices ; low middling damp to good dry , 38 s . to 40 s . ; 1 , 192 boxes Havanna sold at about previous ratosj low to good greyish yellow , fair quality , 40 s . 6 d , to 448 . fld . j ono lot , flno crystallised grey , 45 s . Od . ItEFiNED .- < -ThG markot continues unvaried , and wo increase of activity can bo roportod . Coweis . —Firm prices arc obtained for the small lota required , but tho markot generally is inactive .
Cocoa . — Common quantities aro only saleable on moderate terms i Dominica at auction fotchod 4 ( Js . to 43 s . ; 51 bags Trinidad bought in at 44 s . to 403 . ; and 29 bogs Grenada withdrawn . Tea . —Thoro has not boon nny business of importance to report , yot tho market is firm . Common Congou , 13 ftd . per pound . Ilurq . —Offers of about tho formor prices aroniado fof Demorara , and fifty puncheons havo boon sold
2,000,000/. Is The'amount Of Kxphoquor B...
2 , 000 , 000 / . is the ' amount of KxPhoquor bonds ,-dated 8 th of May 1854 , and rodoeremblo » t par on tho 8 th of May , 1859 , isauod per Act 17 tli ot ^ Victoria , cap 23 . . '_ i There was a torribjo riot among tho Irish near Baltimore on St . Patrick ' s Day , in which weapons of various kinds wore freely used , and 100 persons wore injured , some of whom havo diod . TJhQ fighting lastod tlirtfo hours , and was as bloody as some skir- miahos tlmt Jiftvo roepcotftblo places in history .
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Citation
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Leader (1850-1860), April 9, 1859, page 27, in the Nineteenth-Century Serials Edition (2008; 2018) ncse.ac.uk/periodicals/l/issues/cld_09041859/page/27/
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