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No. 491. AW 20. 1859.1 THE LEADER. 969
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MONET MARKET & STOCK EXCHANGE.
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Friday Evening. The money market is easy...
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GENERAL TRADE REF0ET-
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Theke is good, substantial business carr...
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PRICES OF THE PRINCIPAL STOCKS AND SHARE...
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Last This "Week Week STOCKS. . , 3 per c...
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RAILWAY INTELLIGENCE.
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The Blacicwall Railway Company has decla...
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JOINT STOCK COMPANIES.
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JOINT STOCK COMPANIES
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Canadian Railways.—At Kingstown, the dam...
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.
Misappropriation. It Concerns The Commer...
the best minister for trade / and we hope , therefore , ere long , to see Mr . Cobden engaged as a Cabinet minister in reducing taxation .
No. 491. Aw 20. 1859.1 The Leader. 969
No . 491 . AW 20 . 1859 . 1 THE LEADER . 969
Monet Market & Stock Exchange.
MONET MARKET & STOCK EXCHANGE .
Friday Evening. The Money Market Is Easy...
Friday Evening . The money market is easy . Bills are negotiated at 2 ± to 2 £ per cent . All the banks have plenty of money , and men of business of good character can get it at the above rates . As yet the two loans announced last week have had no effect on the market , and it is therefore supposed that both will be placed ¦ without difficulty . The exchanges continue favourable to this country , and have not undergone any important change . Moneyed men , like the members of Parliament , have fled from the metropolis , and all business is , therefore , limited to immediate wants . Speculation is suspended .
The Funds have been , in the week generally steady and quiet . To-day Consols opened at 95 £ to S , and advanced to 95 £ f for money . The prices from the Paris Bourse came somewhat improved . Money is abundant , confidence , in consequence of the wise measures adopted by the Emperor of the French is increasing , and the Funds were favourably influenced by all these circumstances . The market closed very All kinds of railway shares and other English stocks bear the same character . Though there is not much doing , the market , for all these securities is firm and improving . Midland railway shares , next to those of Brighton ; are the favourites , and they are 105-J- to a . These securities feel the general increase of business , and will improve with it . We subjoin the Bank returns : — BANK OF ENGLAND . An Account , pursuant to the Act 7 th and 8 th Victoria cap . 32 , for the week ending' on Wednesday , the 17 th day of August , 1859 : — ISSUE DEPARTMENT . Notes issued .. £ 30 , 859 , 005 Government Debt £ 11 . 015 , 100 Other Securities .. 3 , 459 , 000 Gold Coin ABulllon 10 , 384 , 005 Silver Bullion .... £ 30 , 859 , 005 £ 30 , 850 , 005 BANKING DEPARTMENT . - Proprietors 1 Capi- Government Secu-,-tal .. £ 14 , 553 , 000 rlties ( including-Best 3 , 440 , 262 Dead "Weight Public Deposits ( in- Annuity ) . £ 11 , 209 , 003 eluding Exche- Other Securities .. 1 S , 291 , O !) O Quer , Savings' Notes 9 , 183 , 485 Banks , Coinmis- Gold and Silver Bioncrs of Nu- Coin 024 , 512 tional Debt , and Divideud Accounts ) 0 , 229 , 330 Other Deposits .,.. 14 , 240 , 400 Sev en Day and other Bills . 845 , 733 £ 39 , 308 , 791 £ 39 , 308 , 701 M . MARSHALL , Chief Cashier . Dated August 18 . 1850 .
General Trade Ref0et-
GENERAL TRADE REF 0 ET-
Theke Is Good, Substantial Business Carr...
Theke is good , substantial business carried on throughout the country , but confidence is not sufficiently restored to give riso | to speculation . The monied mon are rather inclined to hold what they have , than fish with it for more . Mon of moderate means , who require to make money to live , and who need the co-operation of the others , find themselves somewhat , baulked ; hut qvery day seetus to supply reason for increasing confidence in the rulers of Europe . They all show themselves more and more , as the Times has remarked of JLouis Napoleon , s 6 nsjble to public opinion , and in proportion as thoir proceedings are influenced by public opinion they are regulated by general circumstances , and removed from the category of caprice . The publio , therefore , may bo considered to bo in fault when it Buffers very much from uncertainty in the conduct of princes . At present only this is doubtful ; all the material elements of trudo are certain and Abundant . The harvest now gathered in through a great part of Europe is gGnorally good . Our own corn niarkots have boon affected in the week by the doubtful weather , and have been firm . To-day , nt Murklano , corn fetched prices somewhat higher than those of last market-day . They are so low they will boar a Uttlo improvement without inflicting Injury on any one .
The produce markets of Mincing-lane are quiet . Sugar is dull , and to effect sales lower prices were accepted . Coffee is more in demand , and the market is firm . There is no business doing in tea , but the holders , convinced that the supply will be comparatively short , will not lower their terms . Rice is rather firmer . On the whole , however , these markets are not active , but there is in them a good ordinary business .
Prices Of The Principal Stocks And Share...
PRICES OF THE PRINCIPAL STOCKS AND SHARES AT THE CLOSE OF THE MARKET .
Last This "Week Week Stocks. . , 3 Per C...
Last This "Week Week STOCKS . . , 3 per cent . Consols—Money 95 J 95 a Ditto Reduced 9 ot 9 uJ Ditto New < •>*& 90 i ^^ .::::::::::::::::::::::::: ::::: IS & Exchequer Bills ** ^ i Canada Government 6 per cent ll ^ i * H- * i New Brunswick Government <> per cent . .. .. New South Wales Government 5 per cent . 99 £ 99 £ South Australia Government 0 per cent .. 110 110 Victoria Government 0 per cent ... HO * HI Austrian Bonds , 5 per cent ; , ^ ' 77 . ¦ Brazilian Bonds , 5 per cent 104 French Rentes , 3 per cent 09 . / 0 0 & . 90 Mexican Bonds , 3 per cent — 18 $ Peruvian Bonds , 4 £ per cent 9 * f 93 A Spanish Bonds , 3 per eent • 32 . J Turkish Scrip , 0 per cent SOJ 83 RAILWAYS . Bristol and Exeter .. i .. . ... 90 99 Caledonian b ' £ t ¦ <* Eastern Counties «>¦ < -i 58 East Lancashire 90 ... Great Northern | 0 ~ 10 U „ "Western 50 . * 58 |* Lancashire an d Yorkshire 9 o * 9 ;> London and Blackwall 05 J 05 j | London , Brighton , and South Coast ....... 109 " lot ) London and North-Western 935 94 * London and South-Western ; . 93 : 91 * Midland .. ^ ..... •••¦ 104 * 105 £ North British 57 i 58 North Staffordshire 4 £ d 13 Oxford , Worcester , and Wolverhampton .. 32 32 South-Eastern : 74 % 75 South Wales .... 03 03 Bombay , Barocla and Central India ... ... 17 17 Calcutta and South Eastern ,- & P Eastern Bengal .: — . , , 4 * d East Indian 100 100 Great Indian Peninsula . 97 f 98 Madras 90 90 Scinde 10 * 193 Buffalo and Lake Huron 5 5 Grand . Trunk of Canada 3-U 3 f ! J Great Western of Canada 14 £ 14 g Antwerp and Rotterdam 4 J 4 £ Dutch Rhenish 5 Jd 5 £ d Eastern of France .. ' M 20 Great Luxemburg ,. < % ¦ <•* Lombiirdp-Venetian 10 j 10 J Northern of France , 30 / r 37 Paris , Lyons , and Mediterranean 354 30 Paris and Orleans 50 55 Southern of France , 21 20 J Western and ISortli-Western of Franco .. 23 22
Railway Intelligence.
RAILWAY INTELLIGENCE .
The Blacicwall Railway Company Has Decla...
The Blacicwall Railway Company has declared a dividend at the rute of 21 . 15 s . per cent , per annum . Tho half-yearly dividend at the meeting of tho Royston and IIitciien Railway Company to-day was 2 / . 16 s , 2 d . for the last half-year , after the usual deduction for the expenses of management . Tho East Kknt Railway Company is honeeforth to be designated the London , Chatham , and Dover Railway Company . At the half-yearly meeting of the NonTUERN and 32 ASTHnN , Railway Company , the report stated that the dividends for the half-year ending 30 th of June last , on the 5 per cent , and 6 per cent , guaranteed stocks of the company , would be payable to the proprietors on and . after tho 25 th instant , less incometax . The capital account showed that 062 , 2741 . had been expended . On the motion of tlie chairman , a formal resolution , declaring tho dividends , was parsed . The retiring directors wero re-elected , and tho proceedings terminated with a vote of thanks to the directors .
Joint Stock Companies.
JOINT STOCK COMPANIES .
Joint Stock Companies
don , and upon the means of improving the management in Egypt . The board express their continued belief in the success of the bank . The directors ' report was ultimately adopted . The half-yearly meeting of the General Iron Sckew Collier Company took place on Tuesday . It appears from the report that the directors have been unable to dispose of the company ' s vessels . The clear profits of the half-year have reached 6 , 806 / ., being at the rate of 15 per cent , per annum upon the capital . This sum the directors recommend to be appropriated to the payment of 11 . 10 s . per share in reduction of the share capital . After some discussion the report was adopted .
At the meeting of the proprietors of the Bank of Australasia a report was presented which stated that the business of the establishment was proceeding satisfactorily , but that the profits of the current year had diminished ; neither could the proprietors be encouraged to look forward to such large profits in future , owing to the competition in banking , the allowance of inte rest on deposits , and other causes . The chairman said that , although their future profits might be diminished , they must bear in mind their prosperity during the last five years . Since its establishment the company had paid back to the proprietors their capital , besides adding 200 , 000 Z . for a reserve fund , and paying 50 , 00 pZ . to the Government in income tax . The directors were still able to continue the dividend and bonus , at the rate of 20 per cent , per annum , which the proprietors could receive in October next . The discussion was very brief , and the report was
passed unanimously . At the Court of Bankruptcy to day an order has been made granting permission to the official liquidator appointed to wind up the affairs of the Metropolitan Saloon Omnibus Company to carry on the proceedings at an arbitration pending between that and the ^ London General Omnibus Company . Considerable assets , it is said ,. expected to result from the award of the arbitrator .
The mooting of shareholders of tho Bank of Egypt was hold on Tuesday . The chairman , Mr . Tlte , M . P ., ascribed tho unfavourable result of tho bank ' s operations for the last hulf-yoar to the chock which has boon given to trndo in tho Levant , combined with the fluctuations in tho exchange . It appears that the establishment has advanced 100 , 0001 . to tho Pacha of Egypt , and tho interest upon this sum lias been paid with punctuality . Considerable discussion followed , turning mainly upon tho largo amount of tho current expenses in Egypt and Lon-
Canadian Railways.—At Kingstown, The Dam...
Canadian Railways . —At Kingstown , the dam of the last pier of the Victoria bridge has been pumped dry , and the pier is being pushed rapidly forward . There seems to be no doubt of the bridge being completed this fall . The receipts of the Grand Trunk Railway , for the week ending July 23 , were 37 , 434 dols ., against 36 , 267 last year j the receipts of the Great Western , for the week ending 26 th July , were 26 , 636 dols ., against 28 , 337-last year . Among the more novel applications of indiarubber shown to us by Messrs . Alfred Ridjey and Co ., is a door-mat made of transverse india-rubber bars , acting at once as scraper and mat . The material has ' also been applied to the making of scrubbing brushes , in which it is expected to be more durable than the old materials ; but the doormat is the more obviously successful . In the same house , we have also seen a very simple and ingenious adaptation of this tractable substance , patented by Messrs . Craft and Wilson , which will be of the greatest practical use for those who are condemned to the troublesome and irksome duty of travelling with very young children . Nickel Coinage . —In relation to contemplated alterations in our smaller coins , a correspondent points out that a nickel coinage has been employed for more than ten years in Switzerland , and more than two in the United States . He also alleges that while nickel is perfectly distinguishable from silver , it has been found in practice to possess in a superior degree all the advantages of bronze , and that it is loss cumbrous , and at the same time harder , so that the impressions would bo more durable , Nickel is about being adopted for the lowest denomination of coins in Belgium . , . Tkade in South AMEUIOA . —Advjces from Valparaiso state tliat the demand for goods by purv chasers from the interior of tho republic had boeri comparatively good , and many articles previously out of stock having been supplied by lute arrivals from Europe , a greater animation was manifested . From Peru and Bolivia tho demand continued limitod , owing to tlio depreciated value of tho Bolivian coinage , and tho consequent unfavourable rate of exchange . During the fortnight flvo vessels arrived from Europe with assorted cargoes ; two from Now York , and ten from Pacific ports , with lumber and produce . Cotton FJkom Wjcst Afjuioa . — Advices from tho eastern districts of tho Gold Coast , undor ditto of the Oth instant , inform us that , at tho town of Kporug , on tho banks of tho river Voltn , thoro had boon collected four tons of cotton , and that two tons more wore on thoir way to Kporug . Other accounts of a later date speak of the largo quantities of this article that are lifcaly to bo shipped to JSngland , now that tho natives havo bcon taught to know that it is valuable . There is now no doubt whatever but that tho Gold Coast will become a cotton exporting country . — Cotton Supply Reporter .
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Citation
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Leader (1850-1860), Aug. 20, 1859, page 21, in the Nineteenth-Century Serials Edition (2008; 2018) ncse.ac.uk/periodicals/l/issues/cld_20081859/page/21/
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