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MONEY MARKET & STOCK EXCHANGE.
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Friday Evening. Thebe is a good demand f...
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COTERAL TRADE REPORT-
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Friday Evening. SvBnYBODr must bo aware ...
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BANK OF EN GLAND. An Account, pursuant t...
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PRICES OF THE PRINCIPAL STOCKS AND SHARE...
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m- Last TThis Week Week
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STOCKS. nal i per cent. Consols—Money 06...
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The London and Nobtii Western Kail-way t...
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JOINT STOCK COMPANIES.
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A SPBCIA.L meeting of the Austji-sxasian...
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FROM THE LONDON GAZETTE. Tuesday, Octobe...
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.
: . ¦¦ ; ,, : —-V—; -., ¦¦¦ Uniform Weig...
value fc > the 4 mqstoeqH » Uy arbitrary cows pf other countries . . ¦ < . ' ¦ ¦ .-.- , <¦ ¦ .-. - \ ¦ ¦ ¦ .. . ¦ ¦¦ : ¦ . " , ' Jfche frxat step to—ards . all . men adopting a uiuform / coiijag ^ is to lea—1 which is the best courage ; a « 4 oui $ , we have naheaitatipn to say , js farworse than , the old Spanish . Coinage of gold an < 3 silver into ounces with numerous multiples and divisions © £ them , and circulating with one another , with no fixed legal relation of value betwixt the different metals or coins . There is no reason that we are aware ofj why the ounce , o r whatever vreieht inav be fixed on as the unit , should not be
divided into halves , and quarters , and multiplied into doubles and quadruples , " while men might reckon by the decimal system . The business of the Government is simply to coin the bullion , whether gold or silver , which it assays and certifies to be of a . certain quality , into equal parts by weight , and leave everything , else concerning money and calculation to commerce . The International Association , being in too much haste , invokes the action of Government—and not exactlv in aright direction—before the general public is prepared to support it .
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^ fe j 5 QQf P < py . 2 g , a 85 & 3 iHE LiiBia . :... 11-85 . ¦¦ M MMB gjM ¦
Money Market & Stock Exchange.
MONEY MARKET & STOCK EXCHANGE .
Friday Evening. Thebe Is A Good Demand F...
Friday Evening . Thebe is a good demand for money—a better demand than might have been expected so soon after the ' dividends . This is an indication that trade is extending * of which other evidence may be found . Some bills are discounted at 2 J , but , in general , the terms for discount are the same as the bank rate , 2 J , and the Bank feels the demand , and is getting some bills . In the Stock Exchange to-day there was considerable agitation * The Indian loan was thrown in considerable ciuantities on the Market , probably in order , to meet the forthcoming , additional
payments to be made on the 25 th , and the stock went down from 103 f or £ to 102 £ . There were sinister rumours , too , afloat , of an immediate war between Spain and Morocco , arising from a mistaken telegram , and everything looked dull ; subsequently it was ascertained that the telegram was an error , the name of a journal having been substituted for that of the Minister's , as recommending an immediate appeal to arm ? . Things then looked more hopeful , and the Indian loan went up again to 103 £ . Consols , which had been done at 955 , closed at 90 , buyers . Through the week there has been a tendency to an improvement on most stocks and shares , but to-day the tendency went the other way .
From Paris , the fir 3 t report of the Three per Cents , was 69 f . 4 fic , and the last 69 f . 60 c . There was , therefore , si recovery in Paris as well as here . Money being comparatively plentiful , and politics uncertain , a good deal of business is likely to be done on the Stock Exchange ^ We cannot say that the disreputable financial conduct of Austria has made a profound impression . A power , like an individual , known to be bankrupt , does not . or at least ought not , to surprise its , creditors that it has made very free witli the property entrusted to it . Fraud too often accompanies bankruptcy to make the conduct of Austria surprisingthe surprise is , that it is no worse—that forgery ,
which there was perhaps no temptation to commit- —• has not been practised as well as fraud . Baron Bruck , on whom the odium chiefly rests , is regarded , though he Is known to be wealthy , as only the instrument of a system or a corrupt Court . Austria has before now paid her debts by the bayouct , and now , sharing the general improvement of modern times , she plunders by fraud , where she formerly used force , A European power which losea caste on the Stock Exchange has come nearly to the end of its tether . The Austrian revenue does not meet the expenses , and now that it has sacrificed its credit it must soon come to a standstill . It cannot now nil its coffers by the strong hand .
Coteral Trade Report-
COTERAL TRADE REPORT-
Friday Evening. Svbnybodr Must Bo Aware ...
Friday Evening . SvBnYBODr must bo aware that the weather since the harvest- —broken and wet—has been extremely favourable to green crops , and extremely unfuvourable to preparing the ground for the next crop of winter corn , and for sowing it . As a part of the foresight wlilch now prevails in soototy * tho very distant consequences of such circumstances as a pospible d , ou « loncy to tho noxt harvest , now operate on the corn jjtiarlteta .. They are generally hardening , thomjji , there are , partial exceptions throughout ojjtr country and Europe , jtn Naples people bogin to fear a famine , and the Government there- has stopped in with ' tho Biatant ; ha ? tb and folly tp suppjlv tho
deficiency .. It cannot trus ^ t the , peppje to aupply' fchemselvesl Qthei ; Governments vfant confidence , too , in their ' subjects , but' have been shamed or driven out of their old plans of interfering with the food markets . The prices of corn , however , especially of barley , are rising , arid the tendency of the corn markets to harden , gives a firmer tone to other markets . They influence each other . There has been accordingly a good deal more business done in sugar in the week than in previous weeks , and at better prices . This tendency to a rise in the price of articles increases the demand for money- More is required to pay advancing prices , and more business is at the moment done . All the produce markets will , in the first instance , share in a rise , and the corn markets—though , should such a rise continue , and a probability of high prices ensue , the effect would be different . In Mark-lane to day business was not brisk , but in Mincing-lane there was much activity . From all the manufacturing districts our reports continue te be favourable , and we are assured by Mr . Gladstone , at Holyhead , that the country is in a most prosperous condition .
Bank Of En Gland. An Account, Pursuant T...
BANK OF EN GLAND . An Account , pursuant to the Act 7 th and 8 tli Victoria cap . 32 , for the week ending on Wednesday , the 19 th day of October , 1859 : — ISSUE nEPAHTMENT . Notes issued £ 30 , 843 , 230 Government Debt £ 11 , 015 , 100 Other Securities ,. 3 , 459 , 900 Gold Coin & Bullion 16 , 368 , 230 Silver Bullion .... £ 30 , 843 , 230 £ 30 , 843 , 230 BANKING DEPARTMENT . Proprietors' Capi- Government Secntal . . £ 14 , 553 , 000 rities ( including-Best .... , .... ' 3 , 117 , 670 Dead Weight Public Deposits < in - Annuity ) ........ £ 10 , 875 , 157 cludin o- Exehe- Other Securities .. 18 , 324 , 730 quer , Savings' Notes 8 , 355 , 295 Banks , Comnus- Gold and Silver ¦'' sioners of Na- Coin 501 , 483 tional Debt , and - Dividend Accounts ) 5 , 491 , 651 Other Deposits ..., 14 . 014 . Seven Day and other Bills ...... 939 . 89 C . . _____ £ 38 , 116 , 665 £ 38 . , 605 M . MARSHALL , Chief Cashier . Dated October 20 , 1859 . .
Prices Of The Principal Stocks And Share...
PRICES OF THE PRINCIPAL STOCKS AND SHARES AT THE CLOSE OF THE MARKET .
M- Last Tthis Week Week
m- Last TThis Week Week
Stocks. Nal I Per Cent. Consols—Money 06...
STOCKS . nal i per cent . Consols—Money 06 > ty : Ditto Reduced MS 94 j Ditto New -- Hi » 4 j Uank Stock 21 » A g » India .. 221 J Exchequer Bills . • ^ 8 ¦«» Canada Government 0 per cent - New Brunswick Government ( i per cent . New South "Wales Government 5 per cent . South Australia Government Opor cent .. Victoria Government ( J per cent Austrian Bonds , 6 per cent Brazilian Bonds , 5 por cent 101 * French Rentes , 3 per cent 08-39 J .. Mexican Bonds , 8 per cent 22 } 22 J reruvian Bonds , 4 jJ per cent Spanish Bonds , 3 per cent 40 * Turkish Sorlp , 6 por cent 79 RAILWAYS . Bristol and Exeter 100 100 Caledonian - 80 * 02 * Eastern Counties 50 } SOf East Lancashire •» Croat Northern XOS 104 „ Woetorn OSi 05 . Lancashire and Yorkshire OttJ 08 London and Blaokwall 00 064 London , Brighton , and South Coast 113 U 3 & London and jNorth-Western 04 Jt ¦ 00 ft London and South-Western 05 00 } Midland ... 1054 1009 Korth ' British M > J OOj North Staffordshire , 4 < l 4 d Oxford , Woroostqr , and Wolverhampton .. 83 84 * tiouth-Eastorn 77 78 $ South Wales 73 75 Bombay , Baroda and Central India ... ... .. 'v > . * Caloutta and South Eastern- ,. id I 2 natarn Bengal \\ ljd ljust Indian 101 Vm Great Indian l * onlnsula 07 08 J Xadras 85 84 Solndo 10 20 JbuiHilo and Lnko llmon , 5 « 1 OA Ontnd Trunk of Canada , 80 885 Croat Western of Canada 14 lH Antwerp and ICottordnm 4 | ... Dutch ithonlHh id I'JdHtorn of Franco . 27 27 * Olroiifc I < uxombur « ' 7 7 » XombardO'Venotmn lgp 1 ~ J KortlK'rn of Frauno » 7 97 * t ' arlct , J-yona , aud . Modltorrunqan HO a "o [ ' ( vtIu tvnd Orlouna OS 6 a taiUhorn of Franco 81 21 Vestjqr ^ and ^ ortJ ) -WP » tiorJii of prance ., «« J » J
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^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ p . ^^^ M ^^ M ^^^^ M ^ j ^^^^^^^^^^ WMMa ^ fc ^^^^ M ^^^ M ^^^^^^^^^^^^^^^ * ^^ . ^ * _ M *^ *¦ ' RAILWAY INTELLIGENCE .
The London And Nobtii Western Kail-Way T...
The London and Nobtii Western Kail-way traffic return shows this week an increase of no less than £ 10 , 525 , compared ' with the corresponding week of last year ; the Grisat Western ah increase of £ 1 , 154 ; the Great Northern an increase of £ 2 , 832 ; and the London and Sodth Western an increase of £ 2 , 219 . We are informed that arrangements have been concluded for thp- ' construction of goods stations at the LoN-DOJr and Blackvall terminus for the Great Northern and Midland Railway Companies , by means of which a large goods traffic from the lines of those companies , as well as the London and North Western and from the Victoria Docks is expected to be brought on the Blackwail Railway .
The receipts of the Oxford , Worcester , and WOLVERHAMPTOK RAILWAY COMPANY , including the Stourbridge Extension and Stratford-upon-Avon canals , for the fortnight ending October 9 , have been £ 10 , 566 7 s . Id ., whilst those for the corresponding fortnight of 1858 amounted to £ 9 , 480 19 s . lid ., and theexpenditure , also including tliat of the Stourbridge Extension and Stratford-upon-Avon canals , £ 4 , 043 16 s . 8 dv , being at the rate of 38-29 per cent ., whilst those for the corresponding fortnight of 1858 amounted to £ 3 , 619 6 s . 9 d ., or at the rate of 38 ' 17 percent . The traffic return of the North Staffordshire Railway , for the week ending the 9 th inst ., shows an increase of £ 1 , 223 in the receipts .
A meeting for . the promotion of The Raii / way Benevqxent Institution " was . held on Tuesday evening at Manchester , Mr . . 33 . W . Watkin presided . Mr . Morison , the manager of the Rail way Clearing-house , and Mr ; T . A . Burr , the secretary of the institution , gave explanations as to its rules and object , which , is to provide for necessitous orphans , ^ children of the railway : salaried officers . It was urged that not only the success of this project , but its ultimate extension to a more comprehensive scheme would be insured if the whole body of clerks would subscribe to its support . A resolution was passed , 'declaring the movement to be worthy of encouragement .
The report of the directors of the Norwegian Trunk Rajlway Company for the year ending 31 st of August last states that the accounts show , an increase on the receipts over those of 1858 of £ 2 , 574 , and of £ 657 in 1857 . The results have enabled the Board , after the payment of 5 per cent , to the preference shareholders , to declare a dividend of 2 h per cent , ou the non-preference stock , carrying the balance of £ 2 , 000 to the reserve fund , which now amounts to about £ 6 , 000 . The five years during which , according to the original contract , the British contractors were bound to uphold and guarantee the solidity of the line having expired . on the 31 st August last , the railway was . at that date formally delivered over by the contractors to the company .
Joint Stock Companies.
JOINT STOCK COMPANIES .
A Spbcia.L Meeting Of The Austji-Sxasian...
A SPBCIA . L meeting of the Austji-sxasian Land and Emigration Company ( Limited ) is called for the 28 th inst ., " to consider the report received from Sydney as to the company's lane , and to adviso with tho board . " The Crystal Palaob Compan y notify that the whole of their 6 per cent , debenture stock , , £ 250 , 000 , has been allotted . A special meeting of the Cajluj-oiinian Consolidated Quartz Minino Company ( "Limited ) is called for the 31 st inst ., to confirm a resolution for a dissolution and a voluntary winding up . The Inverness Courier says : — " Mr . George Dickson , secretary and inspector of tlio Caledonian Bank , has obtained tho appointment of secretary or chief officer , of the Bank of Bengal . The salary , we understand , is £ 3 , 600 per annum , with an official residence at Calcutta . The appointment is regarded as the most influential of its kind in India . " The receipts of the London { Jmnkrai . Omnibus Compan y , for the week ending the 16 th inst ., were £ 10 , 874 14 a . pd . Shareholders in this Company continue to wonder when they will receive the dividend of 2 p . 6 d , per share which was declared many months ago . As soon as the managers are in a position to make this distribution , the shareholders will doubtless bo required , before touching its , to rogiatorj and this many of thom are very loth to do , until moro light shall have boeu lot in upon tho company ' s financial position .
From The London Gazette. Tuesday, Octobe...
FROM THE LONDON GAZETTE . Tuesday , October 18 . BANKRUPTS . . " /' Jnniofl € row , Now Park-road , IMxton , upl ^ lutpvpr . ' ^ David Williams Bishop « nd 7 . Fox ^ arbrldgo , Cornliill .
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Citation
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Leader (1850-1860), Oct. 22, 1859, page 21, in the Nineteenth-Century Serials Edition (2008; 2018) ncse.ac.uk/periodicals/l/issues/cld_22101859/page/21/
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