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Leader (1850-1860), 30th July 1859, Edition 2 of 2, Page 20, JOINT STOOK COMPANIES.

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      Trade Of Six Months. Our Trade In Tho Mo...

      have imported 46 * 591 qrs . of linseed against 29 , 849 qrs . last year . Our import of cotton from ; India is not so great this year as the last—a very small alteration in the price here sufficing to increase or check the export of cotton from India . To the United States the value of woollens exported , taking this article as an example , was in the present year l , 188 , 859 z . against 562 , 749 Z . last year , and the cotton imported was 4 , 725 , 153 cwts . against

      4 , 575 , 616 cwts . From the States very little wheat and flour have been imported this year . 3 , 228 qrs . and 23 , 209 cwts . respectively against 230 , 160 qrs . and 1 , 054 , 576 cwts . last year . On the contrary , from France , this year , our imports both of wheat and flour have been double those of last year . According to the latest reports from the United States , the trade of that country in the fiscal year , ended June 30 th ,

      was—Imports . Exports . dols . dpla . 1858-9 , 311 , 190 , 000 352 , 472 , 000 , 1857-8 251 , 727 , 000 324 , 647 , 000 The trade of the States is fairly restored from the convulsion in the autumn of 1847 , though it does not quite equal the extraordinary trade in the fiscal year , ended June , 1857 . Imports . Exports . dols . dols . ! S 56 r 7 336 , 914 , 000 302 , 960 , 000 .

      The harvests promise well in the States , and we may therefore anticipate with them a still more extensive trade than we have of late enjoyed , while we see no reason to suppose that the steady arid generally increasing trade to our colonies and to other parts of the world will not also go on increasing . If despots with their armies would only stand aside , do nothing , but live idle and enjoy themselves in their mailed and gorgeous splendour , and allow peaceful workers to do the necessary work of the world , the progress and prosperity of society would surpass all that the fancy has yet imagined of human happiness in the Grolden ages . Their supposed interest , and that of the

      rest of mankind , are incompatible ; and it would seem to be the duty of peaceful intercommuning people of every country to take some combined measures for keeping quiet the destroyers of their prosperity , Already , in consequence of the peace , trade on the Continent is rapidly extending . Generally the harvests promise well in Europe as well as in America ; and all the neighbouring nations , as well as ourselves , may enjoy unwonted abundance and prosperity , if they can onl y chain down the few politicians , diplomatists , ministers , and xnonarchs who seem to possess power only to destroy the welfare of the industrious people .

      896 The Leader. [Ho, 488. July 30, 1859.

      896 THE LEADER . [ Ho , 488 . July 30 , 1859 .

      Monet Market & Stock Exchange-

      MONET MARKET & STOCK EXCHANGE-

      Friday Evening. There Is Nothing Done No...

      Friday Evening . There is nothing done now in the discount market under the Bank rates , and this establishment is now getting a good many bills . Money , therefore , though it is as yet comparatively abundant , is increasing in value . Probably money dealers hold back in expectation of the Indian loan , which it is certain will be brought forward next week , and will amount , it is supposed , to 7 , 000 , OOOZ . Combined with this the demands for trade are expected to increase , and though for the moment gold is not goJng out of the Bank , the money market is becoming dearer .

      minds had been fashioned by the OW hand did not suddenly acknowledge tbie influence of the new hand . The Times changes , it was remarked ,, but we cannot always change with it . In consequence , the politir cal distrust it has of late been teaching continues to prevail in spite of the confidence it suddenly and charmingly preached this morning . All other stocks have followed the Consols market , and shown activity in the week , but are dull and generally lower to-day . The condition of the Bank will be seen from the weekly report .

      The condition of the money market ; probably had some influence on the stock market to-day , which was dull and declining , notwithstanding 1 the extremely favourable news from France of the speedy disarmament . Through the week the market has been * active and animated , but yesterday a large amount of money stock was thrown on the market . The cash could probably be used in some moro profitable investment , and so the little men , who had boon speculating for a rise from the political events of the -week , were disappointed . It was naturally expected that the favourable news from Paris which camo

      yesterday , of the disarmament , and the rise in the Paris funds , would have had some corresponding effect hero to-day j the reverse , however , was the case . Console opened at 05 h but soon receded to 04 i , and continued dull through tho . wholo of the day . There ¦ w as , too , a decline in the funds nt Paris . The confidence suddenly displayed' by the Times in the Emperor did not satisfy the . Stook Exchange . The distrust excited tl » e day before , and the day before that could noti at once , Toe removed . by its own conversion . it -was noticed that for sugb . now work obviously a now hand had been employed , and those whose

      Bank Of England. An Account, Pursuant To...

      BANK OF ENGLAND . An Account , pursuant to the Act 7 th and 8 th Victoria cap . 32 , for the weekending- on "Wednesday , the 27 th day of July , 1 SS 9 : — ISSUE DEPARTMENT . Notes issued .. £ 31 , 313 , 69 : > Government Debt £ 11 , 015 , 100 Other Securities .. 3 , 459 , 900 Gold Coin ABullion 16 , 838 , 095 Silver Bullion .... . ——£ 31 , 313 , 695 £ 31 , 313 , 695 BANKING DEPAETMENT . . Proprietors' Capi- Government Socutal .. ¦ £ 14 , 553 , 000 rities ( including Rest 3 , 320 , 208 Dead AVeigiit Public Deposits ( in- Annuity ); ..... .. £ 11 , 1 . 0 , 680 eluding Exche- Otlicr Securities .. 17 , 350 , 396 quer . Savings' Notes .... . . ¦ . - 9 , 472 , 680 Banks , Commis- Gold and bilver . „ stoners of Na- Coin 023 , 90 o tional Debt , and . Dividend Accounts ) 5 , 018 , 456 Other Deposits .... 14 , 907 , 777 Seven Day and . other Bills , 818 , 220 . £ , 38 , G 17 , 661 . £ 38 , 617 , 061 XMAESaALL , Chief Cashier . Dated Julv 21 , 1 S 59 .

      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. N.7 3 Per Ce...

      Last This Week Week STOCKS . n . 7 3 per cent . Consols—Money »* % Qo Ditto Reduced .. » u 9 j » i Ditto New ¦•• ™ 95 | Bank Stock ~ " 2 < w India - * iS ? :, x Exchequer Bills - £ ' ¦ ~ ° Canada Government C per ceut New Brunswick Government 0 per cent . .. .. .. New South WaleB Government 5 per cent . South Australia Government Cper cent .. .. VictoriaGovernraeut G per cent ....... Austrian Bonds , 5 per cent Brazilian Bonds , 5 per cent French Rentes , 3 per cent Mexican Bonds , 3 per cent ;• \ t > i Peruvian Bonds , 4 J per cent ... < ' Spanish Bonds , 3 per cent 4 « TurkiBh Scrip , 0 per cent S 0 £ RAILWAYS . Bristol and Exeter g ° 99 Caledonian ° ?\ ° > 5 Eastern Counties 60 S «> $ Must Lancashire ' jw 95 Great Northern KM W * „ Western 00 & M ) £ Lancashire and Yorkshire 00 9 u London and Blnekwall ..: 07 07 London , Brighton , and South Coast 113 na * London nnaNorth-Western « G & 95 * London and South-Western 00 Ml Midland 104 105 § North British <* 7 £ 8 North Staffordshire 3 Jd 131 Oxford , Worcester , and Wolvorhumpton .. 3 . 1 3 a SouthfEastorn 73 i 734 South Wales 0-1 0-1 Bombay , Barodnand Contral Indln ....... 17 10 £ Calcutta and South Eastern Eastern Bengal , H < 1 l Jd Edstlndiau 00 98 Great Indian Peninsula 00 00 * Madras » 2 90 Solnde ^ 0 Buffalo and Lako Huron fijd 03 Grand Trunk of Canada 3-1 31 Greitt Western of Canada ., . ' .. 104 15 Antwerp and Rottordam 4 f 4 Dutch Hhonlah 54 ( 1 flic : Eastern of Franco 20 ' 2 » Great Luxemburg 0 } a Lombfti'do-Vonotlan . ' «*

      General Tftade Report-

      GENERAL TftADE REPORT-

      All Kinds Of Provisions As With Corn, Th...

      all kinds of provisions as with corn , they are in demand , and prices , particularly for butter , are advancing . Tea is dearer . For sugar there has been a good demand . The ; harvest promises well ; the reports from all the manufacturing districts are encouraging , and there is every probability of improvements continuing . Strikes , it is notorious , never take place in a season of distress , and therefore the dispute threatening to end in a , strike between the master-builders arid their men is held to confirm the general statement , that prosperity , comparatively , prevails amongst the industrious classes .

      Friday Evening . Business is every where increasing . The corn market was quite firm to-day , and has been firm through the week . The supplies are comparatively small—from the farmers being otherwise occupied than in supplying the market , and the prices have a tendency upwards . Miu ^ -lano fools beneficially the activity of the other markets , particularly those of the manufacturing districts , It is the same with

      Railway Intelligence.

      RAILWAY INTELLIGENCE .

      The Half-Yearly Meeting Of The Eastern C...

      The half-yearly meeting of the Eastern Couxties Railway Company is called for the 25 th of August , and that of the Victoria Station and Pimlico Railway Company for the 10 th of August . There was a special meeting of the East Kext Railwat Company on "Wednesday , for considering a bill to enable the "Victoria Station aud PimlJGo Railway Company to widen their line , and provide additional station accommodation , which was agreed to . Resolutions were also passed for empowering the directors to borrow 166 , OO 0 Z . under the Dover Extension Act of 1855 , and also for allowing them to work the Margate Extension Railway , and the Sevenoaks Railway , on terms agreed upon with

      the-At the special meeting of the West London Railtvay Company , the bill in Parliament " for enabling tlie West London Railway Company to construct new lines of railway , a dock and other -works , to convert the Kensington canal , and for other purposes , " , after some discussion , agreed to unanimously . A meeting of the Lombardo-Venbtian , South Austrian , and Central Italian Railways Company , is called for the 25 th of August , at Vienna , and will be required to consider several modifications in the statutes , especially concerning " manner of payment of calls on shares , and the considerationof the scale of fares . " The half-yearly meeting of the Great Western Railway Company is called for the 12 th of August . . . .

      respective companies . The dividend of 2 £ per cent , for the half year , proposed by the Directors of the Brighton Company to the meeting on Wednesday , was agreed to after some discussion , and the proceedings terminated with a vote of thanks to the directors . A dividend at the rate of 5 £ per cent , per annum has been announced on the Midland Railwa y Company ' s shares for the past half year .

      Cape Railways.—The Railway From Cape Tow...

      Cape Railways . —The railway from Cape Town to Wellington is in progress , and will , according to contract , be opened for traffic within two years and a half . A sum of money liad been voted by the Assembly for a survey of another line between Port Elizabeth to Graham ' s Town . Another was under consideration from Port Elizabeth to GrafF-Reinet . It was also proposed to survey a line in continuation from Wellington terminus to Worcester , which would open up a traffic from the interior of the colony , , The Australian Mails . —In explanation of the further delay in the arrival of the long overdue Australian mail , which wns last heard of at Aden , it is suggested that unfavourable weather may have caused a delay of two or three days in the arrival of the Calcutta nnd China mails at Suoz i the former would be detained waiting for the latter . The inconvenience to the mercantile' interests connootcd with Australia is severely felt , and furnishes a strong additional argument in favour of the immediate establishment of an additional mail service by the Panama route .

      Joint Stook Companies.

      JOINT STOOK COMPANIES .

      At The Annual Meeting Of The Amibiit Lif...

      At the annual meeting of the Amibiit Lifu Assurance and Guahantkm Company , recently hold , the directors' report stated the number of lifo insuranco policies issued during the year 1858 at 708 , i'eprosenting 230 , 177 / ., and producing an additional annual income of 7 , Gll / . In tho guarantee department 708 policies wore grnnted for 17 7 , 335 / ., producing an annual income of 2 , 22 G / . On the the 31 st of Doccinbor last tho total income of the company "was upwards oi 117 , 000 / . per year , resulting from assurancos in force to tho amount of 3 , 204 , 8102 . According to Professor De Morgan's x'oport , and tho statements of a ccounts , tho surplus In favour of tho company on tlio 31 st of December , after providing for ovory liability , was lt > 2 , i > 2 W . At tho aiuiuul mooting of tho Australian Mining Company a rojport was presented , stating that the dlrcotors were gradually proceeding with tho wmd " ing up , which they advised to be deferred finally till

  • Citation
    • Leader (1850-1860), July 30, 1859, page 20, in the Nineteenth-Century Serials Edition (2008; 2018) ncse.ac.uk/periodicals/l/issues/cld_30071859/page/20/