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104 >> THE LEADER. [No. 494. Sept. 10,- ...
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MONEY MARKET & STOCK EXCHANGE.
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Friday Evening. The money market is in a...
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BANK OF ISNGLANP. , . „, . . An Account,...
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ISSUE DEPARTMENT. Not. * issued *^> 180 ...
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PRICES OF THE PRINCIPAL STOCKS AND SHARE...
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T.ast This Week Week
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STOCKS. '- .I-, '. „-» 3 per cent. Conso...
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* ox. dlv.
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GENERAL TRADE REPORT.
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Friday Evening. Trade continues on tho w...
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RAILWAY INTELLIGENCE. I The traffic retu...
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.
The Wool Trade. We Pointed Out Last Week...
other places increased . With the exception of Spain , the falling off is in no case the consequence of a decline in the number of sheep . - . This we believe to be generally increasing . It is the consequence of the people of every country in Europe requiring more and better clothing . At present , in consequence , the growth of wool is cultivated with great assiduity in the East Indies , bouth Africa , South America , and Australia ; and , in some of those places , the carcases of the animals , which in densely-peopled Europe are coveted as food , are very little regarded . In many cases they are boiled down for their tallow . lUe wool alone is cared for . Since the gold discoveries we a £ reat impulse to enterprise , the demand for clothing has increased so rapidly that the materials , wool and cotton , have been . short of the demand , and great exertions are xnakiivr to increase them . The Southern btates of the « reat American Union have accordingly be < mn to talk of ; and , perhaps , to carry into effect , a revival of the slave trade , in order to produce ' more cotton . In like manner , at the Cape of Good Hope , in the ' East Indies , and m Australia more attention than ever is paid to wool erowin" - There is a perfect mania for sheep farming we are told in the Times , springing up in South America , and large as has hitherto been the o-rowth of the wool trade , and the woollen manufacture , it -will be much greater hereafter . The multitude of Europe is very imperfectly clothed , and must have more clothing . For this end free-, dom is necessary , and must be had ; and thus the gold discoveries will operate to improve , first the physcieal and then the moral condition of mankind . .: \
104 >> The Leader. [No. 494. Sept. 10,- ...
104 >> THE LEADER . [ No . 494 . Sept . 10 ,- 1859 ^
Money Market & Stock Exchange.
MONEY MARKET & STOCK EXCHANGE .
Friday Evening. The Money Market Is In A...
Friday Evening . The money market is in a good condition . There are a good many bills , and there is a good deal of money . The terms are unaltered . The exchanges are all very firm . Gold is fast arriving , and the harvest is good ; no gold will be required to purchase additional supplies' of corn ; very soon the gold that has left London to supply the agricultural districts for harvest ' work will return ; and there are at present , consequently , more signs of continued ease in the money market than otherwise . Political uncertainties check speculative enterprise . The Bank has announced that it will make advances during tlie shutting of the stocks for dividends on Government securities on approved bills at 2 J per cent , till the payment of the dividends . Then money will from this cause be plentiful ; and there seems no ground whatever for the expectation which has been entertained that the Bank will speedily raise its minimum rate of discount . A rise may tako place , but at present it is not expected . Tlie intelligence from Paris of a further increase of the bullion in the Bank of France to the amount of £ 750 , 000 since the last monthly return , strengthens this view . Unless some extraordinary circumstances occur tho money market will continue easy . The Stock Exchango has been dull in tho week , and tho funds have generally tended downwards . To-day there has been" more activity and more business done , but it was not altogether of a pleasant character . An ambiguous articlo in tlio Monituur , which most people interpreted to mean that there will be a irosh war in Italy , in which the French will tako no part ; and the telegram from / Paris , bringing a decline in tho French Bourse , had a depressing effect on our market . Consols opened at 95 H to i for the account , and 95 i- to g for money ; and then the market became vory flat . ' Sellers were numerous , and railways were oven more affected than Consols . But boforo tho markot closed there was a general rally , and things all round were son > othing bettor than at tho opening . Consols ior money woro at » 3 J , and the markot closed firm . Thoro Booms to have boon no aufllciont roason for tho alarm , or it would not so soon havo boon dissipatod . Tho scrip of tho Indian Loan is now up to 100 || , having rison fully a por cent , since tho loan was taken . The publio obviously troat it a 3 a Parliamentary loan security , and tho country might as ¦ well havo had tho benefit of this view in an onhancod rate as tlio takors . . Several sums of gold havo boon takon to tho Bank in tho wook , but thoy tfill not all bo shown in tho accounts which follow , for those roaoh only to "Wednesday .
Bank Of Isnglanp. , . „, . . An Account,...
BANK OF ISNGLANP . , . „ , . . An Account , puraunnt tothuAot 7 th and 8 th Victoria can . 82 , for tho wook ending on Wednesday , tho 7 th tiny of ( September , 18001—
Issue Department. Not. * Issued *^> 180 ...
ISSUE DEPARTMENT . Not . * issued *^> ^^ S ^ l ^& Z ¦¦¦ ' . ¦ ' . . ^ ohlCoiii & Bullionia / JTO . ltfO . > ilvcr JJullion .... * . 30 , 445 , lft 1 . ; £ 3 'O ,. 445 , 1 SO BANKING DEPARTMENT . 1 ' roprlctors' Capi- Government Secutal JE 14 . aa 3 . - ritiori ( including Rost .... 3 , 713 , ^ 02 Dead ; Woujlit Public Deposits ( in- ^ Anuuity ) ....... 1 1 ;^ . ^ eluding- 'Ejcclio- Other . ^ countios .. 1 . / Jli- ^ . O quer . Saviufrs' Xott-s . . ........... ' . " . l . V . ^ o , rjimks , Coimnis .- Gold and bilvel .,...,.., siom'rs of Ka- Coin . 00 i > ,-4-tioiinl Debt , arid Dividend A ~ count's ) ? , ? 8 ' . ) , C 91 Other Deposits .... 13 , 007 , 400 . Sovon i ) ay and other Bills .. 900 , 977 ' £ i 0 , 030 , S 70 £ 40 , 030 , 870 it . JMAESIIALL , Chief Cashier . Dated September 8 , 1 S 09 .
Prices Of The Principal Stocks And Share...
PRICES OF THE PRINCIPAL STOCKS AND SHARES AT THE CLOSE OF TII ' E MARKET .
T.Ast This Week Week
T . ast This Week Week
Stocks. '- .I-, '. „-» 3 Per Cent. Conso...
STOCKS . ' - . I-, ' . „ - » 3 per cent . Consols—Money ..- ' ; -j | • > g Ditto Reduced M 'My Ditto Kcw . •¦• ' J , > '¦>»* Bank Stock - r— ° India . " ,: Kxchequcr Bills ••• •¦ h ' . Vt . iT ^ Canada Government < 3 < por cent ii-i " •* New Brunswick Government 0 per ccut : .. ill l-io * New South Wales Government 5 per cent . 0 t > £ - i Soutu Australia Government Gper cent .. 110 10 J Victoria Government G per cent ... * VJ . ^ ' . Austrian Bonds , 5 per cent ¦ ¦ " > BrazUian Bonds , 5 per cent ¦ ! <«*¦ l «« _ French Rentes , 3 per cent • ¦ <*•• £ > WJi Mexican Bonds , 3 per cent ~ IJ 3 ~ Vj Peruvian Bonds , 4 J per cent ... . » i ± Spanish Bonds , 3 per cent * Jft i"i Turkish . Scrip , C per cent . ^ 2 bi RAILWAYS . „ Bristol and Exeter •• ? 7 * 0 i >* Caledonian . N ^ N . ^ Eastei-u ' Counties . ¦ f > -. J 't East Lancashire - •; ,,, ;;* ¦ Great Northern' . ' ' !~ * . . 1 ! ff „ Western ' ' 8 ' !? Lancashire and Yorkshire v ' ^ t » London and Blackball <;>> * ¦ w » London . Brifrliton , ' and South Const ....... lu ' . ' -i * 11-London and ^ S orth-Western » 4 ft * ) 41 * London nud South-Western > ji , ^ -i Midland ¦¦¦¦• ^ V ll ^* North Urilish U H , ( i ' f ' North Htnflbrdshirc -if 1 JAd () xford , Worcester , and Wolverhnmpton .. . 5 ^ 4 , \^ t Sonth-Eastern ,.... ? " < ; i South Walos - r l >» « ' •¦* Bombay , Baroda and Central India " 17 17 Calcutta and South Eastern iP iV Eustovu Bengal M id East Indian 1 <»>| J ! '¦ " , Great Indian Vvninsuln ^ i '• ' - •' £ Madras >"' w Scinde .. « " - ' Buirulo and Lako Huron r > •> Orand Trunk of Canada . 'W 0 "> Great 'WeBtorn of Canada l'S J 3 Antworp and Kotturdum ... » > J ft 1 ([ , Dutoli ithonish « : d f . M Eastern oi Franco 25 . ydi Groat Luxomburfr < V ¦ * " 4 * Lombardo-Venetian ~ fl ]> yftP Northern of Franco •>/ 37 J l ' arls , I , yonfl , and Mediterranean U 5 8 . ) Paris and Orleans 05 C > r > Southern of Franco . " ' . , ! i () . i y oj Western and JNorth-Western of Franco .. H 3 ' M
* Ox. Dlv.
* ox . dlv .
General Trade Report.
GENERAL TRADE REPORT .
Friday Evening. Trade Continues On Tho W...
Friday Evening . Trade continues on tho whole very steady . It is rathor improving than otherwise . Thoro is no revival of speculation , but tho consumption of all kinds of commodities continues to bo largo and on tho increase . Tho oorn markets are very quiet—a sign of tho harvest bolngestimatod as fully sufficient to supply all our wants . Tho barloy crop , however , iy not turning out well , and as this is limited , real good malting barley not being prodncod in any groat quantity out of England , barloy is relatively doar . Wolght for weight it is fully 20 por cout . lower than wheat . For good barloy thoro is inquiry . Tho market at Mark-lano was othorwiso steady to-day , with no doolino of price . In Mincing-lanc , too , tho markots wero all qulot and steady , leaving tho reporter littlo moro to say than prieos arc as thoy woro . From all tho provincial markets tho reports aonlinuo favorable ; a good business is doing at steady and certainly not declining prices ,
Railway Intelligence. I The Traffic Retu...
RAILWAY INTELLIGENCE . I The traffic returns of the railways in the United Kingdom for the week ending the , 27 th August , amounted to . £ 542 , 410 , and for the correspond ing , week of 1 S 53 to . £ 503 , 770 , showing an increase of ¦ , £ 3 S , G 40 . The gross receipts of the eight railways ¦ having their termini in the metropolis amounted , for the week ending as above , to £ 2 : iX , Gii 7 ; and for the corresponding period of last year to . £ 21 G , 987 , showing an increase of jE 1 G , 04 () . The receipts on the other lines in the United Kingdom amounted to £ 308 , 783 , and for the corresponding period of 1 ^ 8 to £ 2 S <; , 733 , showing an increase of j £ 22 , 0 QW on the receipts of these lines ; to which must be added tlie increase on the metropolitan lines , making tlie total increase , as compared with the corresponding week of last year , £ 38 , 640 . . With reference to the ' proposed lease of the Iancaster and Carlisle Railway to the London ; md North Western Railway Company , the secretary of the former company states that tlie powers contained in the company ' s Acts are amply sufficient without any further application to Parliament . Two more projects are oh foot lor public works at the Cape of Good Hope . One is the AVynberg Railway , with' a proposed capital of _ £ li > ii , Ot )! t , a guarantee on which from the colonial parliament is hoped for . The second is the Simon ' s Bay Dock or Patent Slip Company , the-capital oi" which is . iixed at jEGO , OOO . In each case the deposit is limited to 2 s . per share ; The half-yearly , meeting of shareholders in the Gkeat Western Eailavayof Canada is called for the 5 th of October , in London . The works on the Victoria-bridge are being rapidly puslied forward , and the structure will soon be completed . The American journals also report-that the Panama Railroad Company have confirmed the action of their committee in purchasing the ' Collins line of .. ' ¦ steamers , and the vessels will commence running in the Californian trade . next montli ' . The seventh ordinary general moe ' ihig of the shareholders in the Scixde Railway ,. In . di , s Sxi :-am FLOTir . T . A , AND PuXJAUIJ ivAIl ' . V , will l . 'C held at the offices of the company , Greshain House , Old Broad-street , London , on Tuesday next , at one o ' clock . T !> e election of an auditor will take-place , in consequence of the resignation of Mr . Alexander Mackenzie . The transfer books of Uic \ company will be closed to the 13 th September . Lord Pulmerston has appointed Tuesday , the 2 ni ! i inst ., to cut the first sod of the Aiulover and Hedbridge Railway at Romsey , The line whkh u t >> commence at and pass throug h'Jiroadliuids , his lordship ' s park in Hampshire , is to be nmde by the co : iverskm of the Andovcr canal into a railway- . " will be on the broad gauge , and the contract lor it ? construction is taken by Mr . UutU-rsloy , at ¦ t ^ uni ) a mile , rendering it one of the ehcnpwt lines 1 . 1 England . . n , t New Rl-hsian Link . —A railway int en ded t >/ unite Kiev to Odessa , is in contemp lation . 'I ' iic company which has already reeeivi-d the prc-lmuiiury authorisation from the G ovcrnmcnl , is cn ; -: ai ; vl ..: making the surveys , in order to u * n . vnuin iliu u ^ st direction to be followed . Tjik Rail in Si-aix .-M . Tejcdii , Vu'e-j . ri-sia-nt of the Board of Directors of the Seville to < - : » ii / Railway Company , and a number of tlio Miipcnm officials of the company , lately nui'to u trim u \> along the . whole line . A great number ol vjisu s had assembled a , t all tlio station * , , mid li : ul « a tnc engine with hearty cheers . . Railways in ' at / stuia . — Tho Goverimiei >> urging the Southern of Austria Railway Comiuiny to use tho greatest activity in tho coijh . truelui . oi tho lino from Nabresina to Cuturan . 1 » " *• which soparates . thoTriosto lino from Unit or i > . intovruptod tho direct transport oi ti- « oi » a ""•" Vionna to Verona , and materially «;!»» ' '"' , l Tr arrival of roinforccmonts on the fluid ol ban a . u is said that tho fourteen roglmonts o goiulaiinti e , which cost no less than 11 , 000 , 000 of florins ajc ' . will bo reduced to 0 , 000 , 000 , and thoir n" »> i « J "' ganisation will bo modified , and they will bo uui " forth placod unaor tho civil administration . Js ' jtKNOw Uaii / vva ™ . — Tho station oi ihu nu » v i * V connos Railway has boon terminated within •" : •••' few days , and forms on tho Placo do In . U » mI u » most imposing mass of buildings . ' 1 lit ; ««• ¦ ' ^ "h tivity prevails in tho works of the railway Ii » w » order to allow tho opening coreinony , w ' | " ' tako place ! under tho auspices ol tho Im » 1 ' « ' l , occur before tho ond of tho autumn . J lw «¦>» tho lino is thirty-flvo millions , ami h ovnlontb io " <¦ devoted to tho transporting of military h j » u « ¦ " artillery flroni VInoomios to Paris , rullie »» " , convoyanoo of passengers . Whilo on tills * ll' > c . ' ; may Interest tlic British Alpine tvavo lor to " ow that tho Eastern Railway Company ( jil * »'<» < \> ' made arrangements by which excursion tioKtm | !
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Citation
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Leader (1850-1860), Sept. 10, 1859, page 22, in the Nineteenth-Century Serials Edition (2008; 2018) ncse.ac.uk/periodicals/l/issues/cld_10091859/page/22/
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