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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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Marseilles and * Toulop , and i t is expected that a Staot ^ e may pass over it on the 15 th of March . The ^ pening of it to th e public is fixed for the month Af ADril A company lias offered to continue the railway from Toulon to Nice . In that case the distance from Toulon to Nice may he accomplished in seven hours . The construction of the branch railway from St . Lo to the great line fronv Caen to Cher bourg is making great progress . There are now more than 600 men employed at it . The works of the bridge over , the Rhine which js to connect the Strasburg Railway with that of Baden are being continued without interruption .: . ¦ has
Eo 3 ian Raii . ways . ^ M . Mires arrived in Paris from Rome * where he has been staying , for the last three months , to superintend the works of his Boman railways . It is stated that the line from Civita Vecchia to Eome will be opened to the public by the end of March , or at farthest , by the beginning of April . It is announced very positively that visitors to Eome at Easter will enjoy the benefit of the railway . The realisation of this expectation must depend very much upon the question of peace or war .
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JOINT-STOCK COMPANIES ; At a meeting of the Thames Haven Dock Company on Monday , after a lengthened conversation , a committee of four shareholders was appointed to confer with the directors , to investigate the accounts , and to report upon the future course of operations . The report df the Crystal Palace Gas Company , read at their meeting on Tuesday , showed the affairs of the concern to be improving . A dividend of 6 per cent , was agreed to . At the meeting of the Thames Tunnel proprietors the Chairman went into a ; statement of the company ' s accounts , and said that last year " had been very much the same in all respects with the preceding one , with the exception of a slight falling-off in the tolls to the amount of . £ 30 . . ¦ ..-. ¦
At a meeting of the Submarine Telegraph Company on Wednesday a dividend was declared for the past half-year at the rate of 7 per cent , per annum . A general court of the Canada Company is called for the 30 th inst . The annual meeting of shareholders in the Alliance Bank is called for the 21 st inst ., at Paris . * ' ¦ The report presented at the meetmg of tlie Bailway Passengers' Assurance Company was received as satisfactory , and in addition to the interest declared at the rate of 4 per cent , per annum , a bonus of Is . per share was announced . One-half of the and the
bonus will be paid to the shareholders , remainder will be applied to increase the paid capital of the shares , making lS . s , per share paid up , on which interest will in future be discharged . The tptal income from premiums for the year 1858 is 22 , 4347 ., against 16 , 931 / . in 1857 , being an increase of 32 per cent . The benefit of this description of insurance is strikingly illustrated by the number of claims made and adjusted , the compensation in each case varying from a few shillings to the larger amount of hundreds of pounds . The discussion was of a favourable character , the leading incidents of the report eliciting an encouraging commentary .
On Wednesday the meeting of the Oriental Inland Steam Company was ? held , when tlio Board reported the dispatch of two trains of barges to India , for use on the Indus . The whole of the new shares have been taken tip , so that the Company can , extend its operations ; and it is to be hoped they will begin on the Godavery , aa they promise . * An extraordinary general meeting of the St . George Assurance Company is called for the 12 th inst ., to consider a proposal for embodying with this company the London and Continental Assurance Society .
An extraordinary general meeting of the Economic Life Assurance Society is ¦ called for the 19 th instnnt , to declare a bonus , arid on other business . An extraordinary general meeting of the TravoUera and Marino Insurance Company is to . bo held on the 14 th instant , to confirm an agreement for tho iiurclm . so of tho business of tho Marino and General Travellers' Insurance Society . Tho London District Telegraph Company notify that they aro now prepared to arrange for the supply of private wires between branch establishments in tho metropolis .
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London , Friday Evening . Tnu Coloninl markets } n tlio weok havo boon generally Hrni , without any speculative buslno » s . Ton lms boon on tUowljolu ratliov aotlyo , and , saloa have boon oil ' oofcod at lull pWcoa , which is consistent With tlio comparatively short su | i | j | y In bond and email arrivals , It winy bo . ox-Iiootcd , in c ( jn&c <] uonco of Into intelligence from China , tlint Iho nvlcu slioulU slightly advance . CoiUjo too , has
brought full prices ; the imports and the stock in bond being comparatively . small . Sugar has not shown any tendency to rise , the imports in the two first months of the year having been , according to Messrs . Toneman and Rousej 53 , 000 tons against 4 G > 7 O 0 tons in the same period of 1858 . But the prospects for this article , m consequence of the prosperity of the manufacturing districtd , are -good . We may add " , that almost all the markets have a somewhat more cheerful aspect * According to Messrs . T . J . and J . Powell , the demand for leather and hides is extremely good , and the market for them is in a most satisfactory state . Tlie details of the markets to-day will be found farther on . There has been no change of importance in our markets . Trade in all its branches continues to be affected bv the-uncertainty that Still prevails with respect to the
intentions of several of tlie European powers . JVO . tlnngi of course , can be done with safety until the question of peace or war is placed beyond doubt . At the beginning of the week the feeling was generally hopeful , in consequence of the statements of Ministers on Friday , buj manufacturers and merchants have since then looked at those statements narrowly , —contrasted them with counter statements from abroad , and have come to the conclusion generally that Mr . Disraeli ' assurances must be received With a prudent degree of caution . The result of this , is to check business and to prevent manu > facturers from making goods to any extent , except in those cases where orders are in . course of execution for the India and China markets . We understand considerable orders were sent here from the Continent , but they have been recalled "because , of the doubt which everywhere prevails . ¦ : been
Liverpool . — The market for cotton has steady ; the demand has been very good , and the price has shown a tendency to advance . This buoyancy in price has the effect of checking purchases ;_ because buyers think that the advance cannot be maintained . Manchester . —It is highly satisfactory to be able to state that the latest advices assure the manufactures and the exporters that the large supplies already sent forward to India , and tlielarge unexecuted orders on hand will not glut the Indian markets . From the best informed commercial houses in India We learn that the markets are mail activfB and an healthy state , and that prices are generally advancing . For 6 arid 7 shirtings an advance of 4 d . to 6 d . per piece has been secured . Yarns also are reported to be in better demand , and large sales have been made for delivery and for arrival . These statements have kept up the active appearance of our markets , and have served to maintain prices firmly .
If manufacturers had large stocks On hand , they could dispose of them without difficulty ; but they are obliged to restrict their business , for the best reason , that they have rio goods to sell . We cannot report any very decided improvement in the trade for our home . market . Business may be said to be fair , but not large . Long cloths and T cloths are in good demand . In yarns a fair business has been transacted , and orders from Germany have been given out on the speculation that peace will not be broken . The most active demand has been felt in printing cloths . Yarns suited to the German markets have slightly improved . Leeds . —It is satisfactory to state that though business is not very large or very brisk the general tone of the trade is firm . Buyers have been rather numerous , and have purchased freely . Mixtures and fabrics suitable for spring and summer have met with ready sale .
Bradford . —The trade in wool , especially combing wools , is not , active , and prices have given way slightly where sales wore pressed . For nails and shorts there is but a dull sale . In worsted yarns no change of importance is to be noted . Several large orders have been jiven out , and it is expected , as contracts end , new contracts will be entered into at a small reduction . We are glad to state that goods for the foreign market are more inquired , for . Export , houses are making contracts with spiimers . The steady demand for pieces still ' continues , and all kinds of goods suitable for the season meet with ready sale . Fancy gobds are slack of demand . The shipping houses are comparatively inactive , owing , . of course , to Continental complications ,
This Iron Trade ,- " -TJi 6 . hardware trade appears to bo tolerably employed ; but in this , as in other of our manufactures , production and consumption are affected by the appearances of affairs abroad . The iron trade continues , brisk , especially Jn a-efereflce to railway materials , many large orders for which , to be Bent away , are in course of execution . Nottingham and Leicester . — -The hosiery trade continues active , but not quite eo active as fbr some weeks past . Tho lace trade shows a shade , and but a shade of improvement . We have again to regret that further dissensions between operatives , and employers have shown themselves . Wo will not attempt to enter into the morits of tho disputes , but content ourselves with hoping that good sense and forbearance on both sides will soon find a solution of existing difficulties .
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Friday Evening . Another weok of apprehensions , though to-day thoy are somewhat allayed , has kept tho Stock and Share Market dull and lnnnlinato . Tho abundancQ of money and the gonuml prosperity Indicate the nccosslty of a considerable visa In all kinds of secmitlos , niul only political nppvoliumlonfl ivr ' ovont it . In fcW . i , all tho holders
of such property are deeply interested ^ . and the y : can but feel aggrieved and angry at those who inflict on them loss and suffering . To-day , hopes of continued peace were somewhat revived in spite of the contradiction given by the Moniteuv to a statement that the French tooops had withdrawn from the Legation . Information from Vienna stated that the Austrian Government had declared its willingness to withdraw its troops-from the Pope ' s dominions whenever the Hoiy Father requested it . Consistently with this statement , the . French funds came better to day , the 3 per cent , rentes were
reported at 68 f ., having risen from 67 f . 70 c . At the same time those who attend the money market more especially noticed that tlie Austrian exchanges came worse to day , and come worse aiid worse every day , and they speak oi the hopes of peace as fallacious- They pointed also to the statement that tlie army of Italy is to be immediatel s put on a war footing , and refused to believe that the state of things was improved . The dealers in the funds took s more cheerful view , and Consols rose from OS ; * -. to 95 f , ai which figure the regular market closed . Business , however , was by no means animated . in demand account of the 4 th
Money is temporarily on being a day when many bills fall due , and 2 £ was the customary rate for the best bills . There is no reason , however , to believe that the increased demand and the rise in the rate will be permanent . The Stock Exchange witnessed to-day an unusual and graceful ceremony . James Hutchinson , Esq ., who was for a long and troublesome period Chairman of the Committee for General Purposes , lately retired from this office , and to-day the members of the Stock Exchange presented him with a very handsome piece of plate , as a testimony of his long and valuable services . It is a valuable epergne , bearing an inscription to this effect , and the date of the . presentation . Mr . Corthorne , as the organ of the subscribers , in presenting it , addressed Mr . Hutchinson in very appropriate terms , commemorating his services ^ and expressing the gratitude of the body foi
the vigour with -which he had fulfilled Very duties . Old recollections came forcibly to many minds , and feelings seldom recognised in the Exchange made themselves visible in many countenances . Mr . Hutichinson himself was so affected that he could hardly command appropriate language to express his satisfaction at such : a high' appreciation of his services . There has been an importation of gold in the week to the extent of 164 , 000 ^ ., and we may expect that the Bank of England , which is not getting bills to discount , will have a further increase oF bullion and reserve . A memorial has been presented to the Treasury , calling attention to the fact that Cape ( or South African ) wine pays a duty of 2 s . lOJd . per gallon ,, while other wines 3 ay 5 s . 9 d . —a bounty or subsidy equal to 201 . per 108 gallons in favour of the ' Cape grower ; and praying for theTemoval of this injustice in any way the Chancellor of the Exchequer may think fit .
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Ko 467 , INARCH 5 , 1859 . 1 THE LEADER , 315—
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GENERAL TRADE REPORT .
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MONEY MARKET AND STOCK EXCHANGE .
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BANK OF ENGLAND . An Account , pursuant to the Act 7 th arid 8 th Victoria , cap . 32 , for the week ending- on Wednesday , the 2 nd day of March , 1850 : — ISSUE DEPARTMENT . Notes issued ..... ' 4 ^™ %% ™^ $ ™;* %$ ® $ ? Gold Coin &Bullion 10 , 118 , 400 Silver Bullion .... £ 33 , 503 , 400 £ 33 , 503 , 40 . 0 BANKING DEPAIITMBNT . Proprietors' Capi- Government Sooutal .. ... £ ll , 5 r > S , 00 r > rities ( including Ecst 3 , 047 , 080 Dead Weight Public Deposits ( In Annuity ) ........ £ 10 , 006 , 147 eluding Exche- Other Securitjos .. 10 , 782 , 080 quor , 6 Saving Notes ............ 12 , 084 , 230 Banks , Coinmis- Gold and bilvcr „„„„ , „ sionors of Na- Coin 700 , 142 tional Debt , and Dividend Account *) 8 , 3 ir » , QG 5 Other Deposits .... ia , 055 , 003 Seven Day and other Bills ...... 708 , 787 ^ £ il , 22 O , aO 4 ; £ , 220 , 50 * M . MARSHALL , Chief Cashier . Dated March 3 , 1809 ,
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The Faiiis Mails—It is stated that thp negotiations for tho acceleration of tho day mail between London and Paris , and for its conveyance vid Boulogne , are still in progress . Nothing definite , howdver , seems to have been concluded , although tho low-water' landing at Boulogne is . in course of construction , and tho short cut on the railway from St . Donis to Creil is on tlie point of being completed . It is said tho JTrench postal authorities ami the parties under whoso superintendence the conveyance of the mails is carried out are favourable to tho change , and that tlio only difficulty proceeds from our own postal authorities , who hesitate to take the initiative in tho matter . There seoms no doubt ; that tho alteration would cflbot a groat jinprovcmont in the international mail sorviuo , and while the saving in distance and timo by tho Boulogne route is incontostjible , the Into accident at Calais is suOloiont to provo , not that tho Calais route iaunsafo or dangerous otherwise than under very exceptional circumstances , but % hat on aonio euoh occasions it is so , even with westerly winds , and therefore docs not possess any special advantage to comnonsato tho unquestioned superiority of tho other route so far as tho day mail is concornod .
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Citation
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Leader (1850-1860), March 5, 1859, page 315, in the Nineteenth-Century Serials Edition (2008; 2018) ncse.ac.uk/periodicals/l/issues/vm2-ncseproduct2284/page/27/
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