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1066 THE LEADEB. JHo. 495, Bjbft, 17, 18...
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J£0NEY MARKET & STOCK EXCHANGE,. . * Fri...
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T>t?Tr<T7>Q m? twtt xitio^a ujj xa.u PRI...
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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.
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The Cotton Trade. Trefltin^ Of The Vool....
last-week , the value of the woollens and worsteds exporte _^ had increased between 1829 , and the half fold . The per centage increase of woollens and worsted exported is , 170 of cottons , and yarn 133 . Mixed fabrics , of which we have no discrimi- noting return to tell us of the quantity of cotton and wool used in them , may alter in a slight degree these proportions but there can be little doubt that the progress of the woollen manufacture since the re- _striStions were removed from the trade , has been SS _^ id e _^^^ c _^ _jnm _& k _^ The _following are the exact fi _gures of q the declared value of the cottons exported m 1829 and J 858 : — Cotton Manufacture . Yam . 1829 .... £ 13 _* , 544 „ £ 3 , 974 , 039 1856 To 8 rethcr "" 30 2 W 166 8 , 028 , 575 1857 " - ! 3 o _! 372 | 83 i 8 , 7 D 0 ; 589 . _X 868 .. ' .. 33 , 421 , 843 9 , _579-, 479 93 , 998 , 840 26 , 308 , 643 — — — = rr _^ _tw 31 ' ' * 40102495 8 _' ' Together .... 40 , 102 , 49 a Increase since 1829 _«» _£ . Cotton is the product of most _tropical countries , _L _nf pnnntnps near the _trotr ics or mav bv and o ± countries near tne tropics or may ° y labour be obtained in them , v Our chief _supply to the extent of nearly eight-tenths of the whole , is derived from the United btates . A * _^ not supposed that the soil and climate there are more favourable to its growth than other places , but being equally favourable the energy of the Americans , and . the invention of machinery to _cleaiise the cotton , have given them ahnost a natural monopoly of the European markets . Considerable quantities , however , are imported from the East and West Indies , the Brazils , the countries on the Mediterranean , and other countries We copy the Quantities imported for _rte _^ s t _tae _vSJ _^ tne last _three years from ttte different places , m order to show the proportions . ¦ , _ ' § _I'g ¦ a g _ffi Sf ' _g S- _§• S * S g o . _*•* , _^ / oo o _n f . Bo | jiunoo m - ~ i § - 4 _oiwo _S % 25 « _a _» c gf _S 5 _w I J § _uTJoaujuo _; n > _3 I \ r gj _^ S _S 5 § f _SS . I 8 8 S O _^ o - K 1 < _ . bi _| zuj _ g g § _S 53 " gf £ _" g " ¦ _, Z { 25 g \ soipai iboav _S S 35 p _h — _buojs ' _y" S 1 & " _H _-bobboje _uemaa . 9 _g « R _« „ 50 . _BoinnTisOT S - * fe 1 P _< _JJk _»?« H S _S _S _-sasro T _^ _nsniwr S- 3 _S r _bobboj _qsnpc g I I - , 2 _: _Sfflg' . SIR _Bo _^ s po _^ nn _f g & . ' S _f _S \ i _S 3 SS _> -i ' - _¦¦• . — ' ... « g _te ffi _g _M _^ " _^ From all these countries , then , the _eupply varies , and it is _generally noticed that in propor- _SaSitiSemftu e _fromthJuxutedBtateSit p iS _% e from other countries . The States command the market , and aS the rule , whm ; the c « , P b short there , and the article commands a better pnoe , it beoomes additionally advantageous to impoi't it from other places . The wide range . from whiofithis bulky article may be and is profitably imported , together with the continually increased sufply , gives us a pleasant prospect for the future , _Xh truth , all such * raw materials being the product of labour , there _js no boVds to the _suppiyJ Wool is the product of a-still wider range than ootton , and everywhere , ns countries nro pooplea , the necessity of food seems to ensure a continual inorejase of > vool- bearing animals . We "h _^ ld , _theteJfbr ' o ; that tbe
The Cotton Trade. Trefltin^ Of The Vool....
many apprehensions continually expressed we find of theirbeing a want of raw materials for our that these should be comparatively lower in once and more abundant than other commodities . _J-hey are clearl y not more important than food , and political measures to promote the production of them cannot fail , however well intentipned , to impede the production of other things , equally useful , and derange the natural relation of supply and demand , by which all pro- duction is _regXted and fairly remunerated , % e deprecate _alLsuch apprehensions as leading to a - desire for Government action , which never is applied to trade without creating disorder . The apprehension At present , encouraged we regret to see by very respectable writers , is , lest our manu- facturers should want raw materials . Formerly t _^ e apprehension was , that food would be scarce , and which was the pretext for giving the landlords corn _hxws ; and now similar apprehensions , if we be not on ourguard , will be made the pretext for giving the manufacturers laws to _promote the growth and supply of raw "materials . To make _^ 41 _^^ ieaLusv and _rfva _^^ _hTcf cannot ex . clte _£ _atloI" _£ Jeaiousv ana _™ vairy , wmen cannot arise from the mere success of individuals , _^ aturaUy , trade is wholly independent of poHtical relations , and to draw it within them makes it oi _> _noxioug to national envy and political hostility . . _-.. ¦ . .,
1066 The Leadeb. Jho. 495, Bjbft, 17, 18...
1066 THE LEADEB . _JHo . 495 , _Bjbft , 17 , 185 . Q .
J£0ney Market & Stock Exchange,. . * Fri...
J _£ 0 NEY MARKET & STOCK EXCHANGE , . _. * Friday Evening . Monet continues plentiful , and the market is easy . The terms on which the best bills can be discounted still continue a fraction below the Bank rate , and as long as this is so the Bank rate is not likely to be enhanced . It continues to receive bills , but the Money Market being easy the funds have t _^^ i _tS _^^ aSy _^ _tSti _^ - They were firm to-day . The scrip of the Indian Loan con-J tinues to bear the high premium of 3 per cent . 1 Gold is going into the Bank , and will be re- corded in . the accounts which we publish below . The important news from China in the week had no other effect in the Money Market than to cause a slight decline in the funds , which was soon re- covered . Por the moment it was supposed that it might check the flow of silver to China , but this notion was at an end when it was asserted that the quarrel between the Governments is not to interfere with the tradebetween the Chinese and the English , It is a singular c ircumstance that while the war was formerly carried on the trade continued , and our people _Vith the general approbation ana _^ - tainly with the consent of the Government , _contri- buted to nourish the Queen ' s enemies . They even coUected for the Chinese Government the revenue which was employed to resist our approach to Jrekm . VvilJ this very curious anomaly be re- peated ? Will the English merchants , trading to China with general approbation , commit treason . BANK OF _ENGLAND . An Acoount , pursuant tothe Act 7 th and 8 th Victoria cap . 32 , for the week ondljig on Wednesday , the I « h day orSoptembor , 1859 :- issue _depahtmbnt . NotOB _lflBued £ 30 , 894 , 083 Government Debt £ 11 , 015 , 100 Other Securities ., 3 , 459 , 900 i 3 _oldColnlBullIonl 0 419 085 _silver _BuUlon _.... _»„„ . « c , « " _wn ao _. t nar £ 80 , 894 , 080 £ 30 , 894 , 085 . banking pepaiitment . l _' _roprtotors ' Capl- Government _Seca- _™ i ' £ 14 , 8 . 03 , 000 _rltlos ( _lnoludiner 5 ° _?^*« ' 3 . 710 , 787 Dead WelBlft Public Deposits ( in- Annuity ) ........ £ 11 , 820 , 018 _Sgf'JSSSS ? 8 _SS . _^!?? f :: _"gSJffi Banks , Coinmls- Gold and Silver _ttnTDeft , ffi Coia 70 _W Dividend Ao- oSffStetaV .: ; _iJSSSS Seven Day and otuor _mUa 8 _W . _202 « _S 5 _HoS Jm _£ _^ M Marshall chief _Gashioi . Dated September 15 . _isSb . KSUAI ' L | _ChiefCaBUior . , —___ _G-BNBRAL _TRADTS _WTOPOTl fp _WWJN _aaAh a __ _kabh report . Friday Evening We have , no important alteration in the corn mar- kots to notice . They nro generally steady , rather "with a tendency upwards than otherwise , from a
J£0ney Market & Stock Exchange,. . * Fri...
1 notion that the yield of the harvest is not so _ttmjoi _« _hty good as was expected , and from the as _weU as the yieid of ihe crops thafc L _^ _ThS _? gatherered . en The Manchester markets , and others which have much trade with India , have been slightly affected by the news from that quarter , which , considering the mutiny of troops , the quarrels of civilians , the objections _nmde to the Governor-General , or , a 9 he } s now called , the Viceroy , the discontent at the new _^ v _^ _i _^^^ vS _^ toSSS _^ o _?^ 1 _^ 1 § £ _^ £ 5 _busS * _* _^&^ ™ _%£ _? so _^ and so e < Iuable as scarC ely to leave annhhW _worthy of especial notice . ¦ g A speculation in tallow , which has been goin _» on for some time , and this being an article of which long purses can command the market , and in which in consequence ,. speculation- is generally rife , has now ended in breaking two or more houses at St . Petersburg which have connections in London . The gentlemen will , no doubt , get speedily whitewashed , and _ go on as before . We can but rejoice , however , * _£ ?* mere _peculation has of late been remarkabl y S _«^ r and coffee are quiet ; the price of the latter has rather a tendency downwards . A good business doing for consumption in both articles . The news from China has caused great agitation in the tea market . On the first announcement all teas were withdrawn from the market , as nobody could teU what would be the result of the disastrous defeat . When it became probable , however , that trade would not be stopped , teas were again offered , and considerable purchases have since been made at higher rates . Common Congou was purchased at ls - 4 id . short , which is a rise of 3 d . within-. a short period . It has _^ not reached this all at once , but the price has been hardening for some tame . Our trade is , however , now so very extensive and spread over so _*& ny countries that a temporary interruption of the trade with _one-thougb . it be as importan t as our tea and silk trade with _China-caiises only a very slight abatement of the general welfare . 1
T>T?Tr<T7>Q M? Twtt Xitio^A Ujj Xa.U Pri...
T > t _? Tr < _T 7 > Q m ? _twtt _xitio _^ _a ujj xa . _u PRINCIPAL STOCKS AND _SHADES AT THE CLOSE OF THE MAKKET . ¦ ¦ — _^ ~ Week Week _. - """ STOCKS . ~~ 3 per cent . Consols—Money MS OSi Ditto iteduccd ... ; ... _ojjt l _M ¦ . 'i * lfct ? _New *** _" * 2 _J _gfau . : ; . *" . " . _' . _' :. * . _" . . ' . _' . ' . " . _' . _" . ' . _" . . _"I . " . _" : " .. Exchequer " Bills " . " . _« 4 f * . Canada Government 6 per cent . m » j * . g _^ _gX _^ llS _^ _SS- _^ t 1 _^^ p south Australia Government 0 per cent .. 100 wj Victoria Government 0 per cent ,, - 110 _^ u n ? i i , _S _« _^« ' r £ _~ _^« t lflV * " 9 _^ £ _Sg _^]&^ :::: " ::: V " .:: _^ _« 8 . _oo Mexican Bonds , 3 per cent ~ _uft I ' _oruyian Bonds , 4 * per cent _t'U :: w T _^ _kistSQrip _% 3 _pefcent !' . _[!!! _i . ' !!! . ' . " M ' . ' . Si _« 3 _BAILWAYS . . . ... Bristol and Exoter ,... JJ S * , _K _, . Caledonian _* H _< , ?? 1 _Eastorn Counties _« i * m East Lancashire , _^ Ureat wester ? " " . _, ......... _••••••• () - | & v l t _nnoashlro _^ _nd VorkVhVr _' o .. 0 ( 4 W 0 ? _£ 52 _donTandBlaokwall " W W * LoSdon _. B _^ ton _^ nd SoU " th Coast .:::..: 1 U J _, London and _^ North-Western 'f _K : » _London and _South-Weetorn _« _-N ; -Jj 7 . Midland _lo-tt * * m North _BritlBU ( U , ) . " ft North Staffordshire . U _' 1 » ., Oxford , Worcester , and Wolverhampton .. Ml *~ South-Eastern V _. t h 3 9 _owth _Wftlce 'J _^ _l w „ Bombay , Baroda and Central India 17 * i p 8 SSsSt _5 _Sar ? , _^^ .:::::::::::::: !«• J East Indian i ' 1 ' 09 J _aj _™^ .::::::: ::::::::::: _^ ! Solmio ~ ° ' _r ft _Bunuio and Lake Huron ' 3 a _d _^ y _fSS _^ _ofcS _^ ::: " ::: _^ . ' . ' .: ' . « Vil * * _, _™** _"TT ~ is _*> Antwor _^ andgottordam _;•;;; : _;;;;; : _; li ofa _Knetorn of Franco " . ' . _' . _' . ' . 11 "" . ' . XT . ' _fA o » _^ _nm _^ rt _^^ _^ _'" _* _- * \> fo W , _fertSSmV _SSS ? :::::::::::::::::::::: _»?! l \ *' n . r } 8 ' Lyons , and Mediterranean 8 j > . ( M | S £ tt 5 m of ' Franco . " "" > "" I . ' ; . ' . ' . _' . _'» _"' a ! _' 4 t \ h Western and _North-Wontern of yni »« o ¦ '*'!> _^~ - " _~~^ * ex . < _uv .
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Citation
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Leader (1850-1860), Sept. 17, 1859, page 22, in the Nineteenth-Century Serials Edition (2008; 2018) ncse.ac.uk/periodicals/l/issues/sldr_17091859/page/22/
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