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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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Intelligence . ] THE LEADER . 753
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but by 'diminishing the means of consumption in highly taxed , impoverished , and drained Austria . The reports from Jamaica , Grenada * and other places , of great drought and short crops are the explanation of dearer sugar . Similar causes affect the price of coffee and tea , ¦ with the supplies of which the war can in no degree interfere . The raw materials of our manufactures , our food and luxuries , seem unaffected by the war , which , however costly it lnajr be to those engaged in it , seems likely , as long as we preserve'our neutrality , to do us no harm . It'frightens us , indeed , lest it may reach us , and makes us incur very heavy expenses for warlike preparations , but it does not stop our trade .
The interruption of the traffic carried on by Austrian vessels between the Adriatic and the Black Sea is by this time probably repaired in a great measure by neutral ships . The Greeks can employ their vessels with greater advantage . Of iate we have heard very little of our shipowners . They do not continue to complain . Probably they have found out by this time how to carry on neutral trade , and the first alarm of a general war having blown over , they are now more pz'osperous than they were when trade was so grievously interrupted in 1857-8 . Their defender in pamphlets , and their spokesman in Parliament , Mr . \ V . D . Seymour , has given notice of a motion to repeal so much of the Foreign Enlistment Act as
relates to transports and store ships which will add to their security and their traffic . We hope he Tvill be successful , but we cannot well conceive a Liberal Parliament entertaining any motion concerning that Act , remembering its . orig in , and its objects , which stops short of totally repealing it . Government lias probably relieved some of the embarrassment of the ship-builders by employing 1 , 300 of the merchant ' shipwrights in the ¦ 'Queen ' s dockyards , and may have obtained by this expenditure of the public money additional support in Parliament . We can , however , congratulate the country on . the continuance of the national prosperity , " though this has been in no . degree promoted by either Whigs or Tories .
The worst effect immediately of the war was anticipated in our -money market , and we need not remind our readers that , as yet , money is abundant and the rate of discount low . There was a panic , but that had its orig in in the minds of the dealers in stocks and shares , and was not the necessary consequence of the war . " As long as we remain neutral . it cannot hurt us , for dame nature is not like a slave owner , or . a captain in Her Majesty ' s Navy , unjust and tyrannical , who punishes one person for the result of another , or many persons for the neglect of one .
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Money still continues easy , though it is rather more in demand than it was . The terms of the market , however , nre unaltered . Considerable * arrivals of bullion have occurroJ , some of which has gone to the Bank . A larger portion , 140 , 000 / ., was yesterday sold for the Continent . Tho most unpleasant fact connected with this part of our journal is tho docree just promulgated by the Austrian Government to pay the dividends on the National Austrian loan , which , according to contract , were to be paid in specie , in the depreciated paper money of the Government . It is to bo given at tlio rato of 125 florins papor for every 100
preside over the Exchequer , were Very unfavourably regarded . Mr . Gladstone is remembered in the monetary world with dismay , and Sir C . Wood , in every branch of society with disfavour . The Ministry is said to be neither liberal nor " homogeneous Curious stories are in circulation of their repulsiveness to one another , and of the dislike which the highest person in the realm is said to entertain for some of them . Such stories appeared to obtain credence , and Consols for the account—for money they are short—declined £ . At the close of the day the market rallied a little , but it continued depressed be-low the prices of yesterday . The price of Consols and dividend was 92 | -J , There is little stock on the market * and the public having lately made considerble purchases , all kinds of shares are on the whole firm .
The late reports from the United States tend , to the belief that the rates there , which have been much depressed for two years , are now in a fair way of recovery . Crops in the west promise well and more traffic is expected , than in 1858 and 1857 . Some interest was excited to-day , by a statement in the second edition of the Times , that our occupation of the island of I ' erirh , in the lied Sea is occupying attention in Paris . A long article has appeared in the Journal des Debate , on the subject .
"With this was ' coupled a report that M . I ^ esseps is immediately to be provided with 10 , 000 labourers from France , to carry out his project of constructing the Suez Canal . Such a project if it be obtained cannot be agreeable to our new Premier , who has expressed himself very strongly against it , and he will not like it the better from the possibility that these 10 , 000 organised labourers may be regimented soldiers . On such reports globrnj 1-, arid even alarmed feelings predominated , and as we hear , the stock markets were extremely dull . The Ba ' nk of . England accounts will be found subjoined , .
florins silver , but as the deprecia tion in tho paper money is ft larger per centago than this agio , Austria has begun , aa wo know , sho would , to defraud her creditors . She has now entered completely on tho descent to bankruptcy , and will , nt no distant period reach that haven of tho dishonest and disreputable , It Is , unfortuimtoly , not likely , if tho war continue , that she wifl bo thoro without companlo ne , burdened as nil tho States of Europe now are with enormous debts . These burdens can
scarcely be inereanod , and the oxpcmllture of Govornment much augmented without making the suffering pooplo impatient undor tho onerous load . Kathof than risk revolution , statesmen may possibly consent to repudiation , or prefer bankruptcy , paying their dobts lileo Austria , with pnpor , that promises to bo as worthless as tho Austrian CJovorn-» nont . . ' Tho stock market waa dull to-day . Tho constitution of tho Ministry lins not yivon satisfaction in tho City . In partiuular , tho appointment of Sir C . Wood to preside ovor India , and Mr . Gladstone to
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BANK OF KNGI-AXD ; An Account , pursuant to the Act ? th nrul 8 tli Victoria cap . : w , for t . lio weekending- on Wednesday , the . loth day of June , ISO'J : — , , I . 3 SU& DEPARTMENT . Notes issued ..... . £ : 51 , 74 l , lSf > Government Debt £ 11 , 013 , 100 ' Ulivr Securities .. .: { , 4 . V . i , ' . ) 0 Q fold Coin &Bulliou 17 ,: iOG , 185 Silver . Bullion - £ : n , 711 , 18 . "j £ 31 , 741 , 185 HACKING DEFAilTMENT . Proprietors' Capi- Government Secutal : fiH , 5 f » . 1 , 00 l ritics ( hieludiii § - Rest .. : < , 108 , fW « Dead TWig-lit Public Deposits ( in- Annuity ) £ 1 ] , 281 , 370 cludiii" - Kxehi-- Other . Securities .. 18 , 71-VNW quer , Siivin . ^ Xotes 11 , ' 31 C , O 7 O Hunks , Cummin- ( Joltl and Silver sioners of In ' ji- Coin .... ( IS +, SJO tional Debt , mid Dividend Accounts ) fvW . iH- 'i Other Deposits ,.,. M , 7 I > 7 , JOJ Seven Duy jind other Bill 6 7 I ) t » , a-. ' -l £ M , HII 5 , () 7 J £ 11 , 805 , 071 M . MAIISIIALL , Chief Cushion Dated . Juno 10 , ISoO .
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Friday Evening . Business everywhere continues steady . The corn market again declined to-day , under the influence of favourable weather . In Minoing-lnno the markets are firm . For raw materials of all kinds tho demand continues good , and though wo cannot boast of that exuberant prosperity whioh mado every man cheerful , business is sufficiently alive to kcop the mercantile world from being depressed or morose . Nevertheless there is a strong wish expressed for peace , and wo hear from Tans , Iluvro , and other parts of tfnuKe , that tho French , notwithstanding the success of Louis Napoleon , are very earnest in wishing for the restoration of peace . A serious interruption to the now prosperous trade of Franco would diminish very much the Emperor ' s popularity .
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Last This . ' "Week Week STOCKS . 3 per cent . Consols— -Money ...... 04 Ditto Reduced » - ';} 'j : U Ditto New - ' M •) : { £ - Bank Stock LM ' . U India Exchequer Bills •_ '•! Canada Government 0 per cent . New lirunswiek Government « per cent New South "WaJea Government fiptr cent . South Australia Government 0 per cent .. .. ' .. ¦ .. Victoria Government (> per cent . Austrian lionds , 5 per cent . s Brazilian Bonds , u per cent .. iou French Rentes , 3 per cent Mexican Bonds , 3 per cent lsj ^ Peruvian Bonds , 4 J per cent Spanish Bonds , . ' { per cent .. -j-i Turkish Scrip , 0 per cent 7 <> .. KAIL WAYS . Bristol and Exeter 0- W Caledonian . 7 * xv \ Eastern Counties »»¦! $ fiii JOast Lancashire . ' . ) S 7 Mi Gr « at INorthern 100 100 i ,, "Western .... ' . 51 f > " >} Lancashire and Yorkshire . ss ¦ oaj-London and ISlackwall 03 . C . i > London , Brighton , nnd South Coast ,.. 10 i >;[ Il'J London and North-Western 8 !» i : m \ London and South-AVestern S'J ¦ !»> j Midland .- .. OSJ <><» J North British Ml : > : > North Staffordshire 4 ;| d 1-H Oxford , "Worcester , and'Wolverlnunpton .. : si yu . i South-Eastern <>•"" «'> " £ South Wales . 01 5 ' . > J Bombay , Haroda and Central India .... . 'liVJ 1 ? h Calcutta and South Eastern par Eastern llengal Id •( East Indian lul litli Great Indian Peninsula t > a . U » i Madriie .. Scinde .. VX \ .- •<) Buffalo and Lake Huron :. / i . J r > J Grsin . d Trunk of Canada HI * : fti Great Western of Canada ... ' 1 lj U ;! Antwerp and Itotterdam .. + i 4 Dutch Ithenish Old . ( id 'Eastern Of France ~ 14 * ~ 1 & Great Luxemburg , •'>! - > l Lombardo-Venetian , . <> $ <"> ft Northern of France . ' 17 X ? J"aris , Lyons , and Mediterranean 3 ;{ . : i- 'S . i l ' aris ami Orleans ' . 41 ) ' >" Southern of Franee l ' . i . i I'M Western and JVorth-Wcstern of France .. i . ' < ij ~ '' > £
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FKOM THE LONDON GAZETTE . Tuesday , June 14 . llAKKltUPTS . Willinni J ^ oufct , l'loot-street , liotel keeper . JoijallKni Beck « tt , Aylesbury , licensed victualler . Robert . Parker , Tooley-street , wLcclwri ^ ht . Henry llimintpn , Quucn-strect , Cheo ]) side , whok-salu stat ioner . Edward Mason , Cliester-tcrracp , liurton-strcot , Eaton square , victualler . Tltomns Conin ^ shy , Trinnglo-place , Mllc-cntl gate , clieescnnonKftr . David William James , Lhimvonuu , Glamorganshire , cool merchants . l'liQinas Davies , Ncwj ) ort , Mojiiiiouth . sliirc , woollen Joseph John Willinm Watson , Kiiapp , Cliarltou Kln . ^ s , and Lydney , Gloiicestcrshin . , coiil master . William Wliowbrookd , Taunton , builder . Friday , Juno 17 . nANKUIJl'Tr * . . Sainuol Carter , Tioa Stnnton , lluntinydonwlilrt' , sccil nicrclmnt . ]> nvlcl linker , Millbank-stroot , cwn cliandlcr . James Harris , Northampton , grocor . John Fitzjohn , March , Islo of Ely , auotionocr . James Sharp , flrosveiior-atroot west , npotlircmry . John Thomas Wilding , Dovcroonrt . Hsm . 'x , bulldvv . John Goodwin , Itiploy , l ) orby « Uim . « rocv » r . William Charles Chapman and William Jlenry Uttlupnpre , Hnrp-lnno . City , coopors . Cl ' rlstophor Garwood , J-edbury-rond , Uaymvater , Willinm JJoll , Crowlc , LinooJnwhiro , tailor and drnpor . ¦ litlwln Moroy Dni-wton , JUal . li , fjrooor . ' acJOTCU JIANKHIM'TH . AiclillrnM Park , ( Jtiorgo-stroot IUdli ' ibura-li , iiiorcliiiut Jolui M'GIll , Coylton . Ayrulilru , mttlo dculur .
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Tiiu Cicorfl . —Tho heavy storm of Sunday afternoon has , wo regret to hear , knocked down tho growing corn In many places , although this ofRiot is ataitcd to bo very partial . It haa also much linttono « l tho orops of grass , whioh nro generally very heavy through tiio country , — South ICantvrn Gazette .
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PRICES OE THE PRINCIPAL STOCKS AND SHARES AT THE CLOSE OF THE J 1 AKKKT .
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MONET MARKET & STOCK EXCHANGE .
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GEWERAL TRADE REPORT .
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The East India Company . —Tho cnpitul of the Company is £ ( 1 , 000 , 000 , and under tho Act of 1833 , which extinguished their trading powers , it was provided that £ 2 , 000 , 000 should bo set apart as a souurity fund , to bo , applied ultimately with its accumulated interest to pay olT the £ 0 , 000 , 000 of stock at the rato of 200 per cent . According to a statomont submitted at a General Court on Thusday , tho total l'ocoipts on account of this fund up to the prosont tlmo imvo been jG 4 , 559 , 372 — namely , X 2 , 000 , 000 tlio original appropriation , and £ 2 , 550 , 272 for dividends , These huvo been invested in tho purcluvso of £ 7 tM , l 2 O Consols and . £ . J , 227 , < H 0 ltoduced , making n total of X't , l > 84 , 030 Three pcrCont . stock . This stock at prosont quotations is worth about jC 100 , 000 boyond its coat price .
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Citation
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Leader (1850-1860), June 18, 1859, page 753, in the Nineteenth-Century Serials Edition (2008; 2018) ncse.ac.uk/periodicals/l/issues/vm2-ncseproduct2299/page/21/
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