On this page
-
Text (10)
-
No. 506> Dec. 3, 1859. J THE LEADEE. 132...
-
MONEY MARKET & STOCK EXCHANGE
-
Fbiday Evening.—The money market is extr...
-
GENERAL TEADE REP0BT.
-
Fmr»AT Evening.—All our reports from tho...
-
Tho linlr-yonrly mooting of tho Sx, Katu...
-
PRICES OF THE PRINCIPAL STOCKS AND SNARE...
-
< _ ¦ ' ' ' Last This. - Week Week STOCK...
-
JOINT STOCK COMPANIES.
-
GEI\TBIIAL TRADE REP0E.T
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.
-
-
Transcript
-
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.
Improvement In Trade.—Sanded Cotton. We ...
the agricultural interest of that part of the empire . ¦
No. 506> Dec. 3, 1859. J The Leadee. 132...
No . 506 > Dec . 3 , 1859 . J THE LEADEE . 1329
Money Market & Stock Exchange
MONEY MARKET & STOCK EXCHANGE
Fbiday Evening.—The Money Market Is Extr...
Fbiday Evening . —The money market is extremely quiet . There is the customary demand for money , and a fair supply ; but no special activity , and no alteration in the terms . , It is noticed that the application to Parliament for railway bills are unusually numerous , and many new companies are making their appearance . 13 y . their instrumentality the demand for money may increase . There is now plenty of room for new undertakings ; but to succeed , they must be wisely planned and conducted . The value of public securities , shares , & c , has increased within the week , both at home and abroad , consequent on the renewed expectations that there will be no quarrel betwixt' France and England ; and that the affairs of the disputing Governments and peoples of the Continent will be , if not settled , tided quietly over for the present by the announced Congress . Idealisation of speculative , or gambling purchases may have . sent back the prices on one day , but the rise has been , on the whole , and putting them oat of view , steady and continual . Consols closed at 96 f sellers . They had been a shade better but at the close the market was heavy . The shares of the Ocean Steam Navigation Company , one of the new ones , are at 1 £ premium , though the directors do not promise any dividend before the end of two years . There is , however , a want of such speculations , and plausible ones are . very likely just now to find favour . The telegrams from Paris , to-day , brought a further . improvement of the French funds , 7 Of . 60 c . Confidence is becoming stronger in Paris . We subjoin . the bank returns , which are favourable . ¦ ¦¦ ' *¦ BANK OF ENGLAND . An Account , pursuant to the Act 7 th and Sth Victoria cap . 32 , for the week ending on Wednesday , the 30 th day of Noveinbt-r , 1859 : ^ ISSUE 1 > EPART . MENT . Notes issued . £ : 50 , nv ! 1 :, 7 oj Government Debt £ 11 , 015 , 100 ~ ' . Other Securities .. 3 , 45 ' . ) , 'J 00 Told Coin AlJullion 16 , 3 W , 755 Silver Bullion .... . C 3 T > , S 24 , 75 . " £ 30 , 824 , 755 BANKING DEPARTMENT Proprietors' Cnpi- Government Sccutal ... £ 14 , 553 , 000 ritics ( including Rest 3 , 131 , 770 - Dead Weight Public Deposits ( in- Annuity ) . £ 10 . 025 , 107 cludiii" - Exc'hv- Other Securities .. 19 , 370 , 439 . quer , Savings' Notes !» , oS 0 , 12 o Banks ; Commis- Gold and Silver sionurs of Nil- Coin 00 t > , 7 i >/ tional Debt , and Dividend Ac- ' - counts ) .... 8 , 079 , 31-5 Other Deposits .... 13 , 304 , 382 Seven Day and other Bills 822 , 011 i :-io , fl 50 ,-178 £ 40 , f ) 50 , 478 M . MARSHALL , Chief CiiBhicr . Dated December 1 . 1850 .
General Teade Rep0bt.
GENERAL TEADE REP 0 BT .
Fmr»At Evening.—All Our Reports From Tho...
Fmr » AT Evening . —All our reports from tho manufacturing districts aro favourable . Everywhere tho people continue to bo fully employed . Why should it bo otherwise ? They are generally making clothing , and instruments of great utility , all of ¦ which aro much wanted , and only political derangements can suspend their useful labours . At present tho assurances , of confirmed poaco keep the demand for our manufactures active Our own people aro thriving , and their di'mnnd for . manufactures aro ever increasing . In Mnrk-lano to-day tho market was dull . In tho week the corn markets have generally declined ; and tho prico of wheat has happily gone back to what it was a fortnight ago . JBoth hore and abroad tho small rise induced tho farmers to send corn to market freely , nnrt we may therefore infer that they have comparatively a good supply on hand , and want monoj ' . Tho prosont decline does not , howover , justify the conclusion that tho prico will not ugnin rise considerably before tho end of tho spring , whioh will , in fact , bo the result of complete revival , now taking phico , of European trade . Should no such vise take place , it is still buttor that it should be anticipated , and care to prevent it taken , than that It should come unexpectedly on the people , and occasion a groat disorder . At prosont prices do not pay tlie importers . ' The Mineing-luno markets havo nil l ^ nt quid ] and stoutly li ) the wook . Ton lias been dull , hut for j nil tho nrtioloB sold in the Lane tho ( iivnsiiinptivi- . domntu'l continues good . They prosonl no ( catuvo , for comment .
Tho Linlr-Yonrly Mooting Of Tho Sx, Katu...
Tho linlr-yonrly mooting of tho Sx , Katuauink Dock Company Is called for tho 20 th J ' imiiury , itnd j a meeting of tho South Austrnliun ( Land ) Coi ) Ji > any ' for tho 10 th December .
Prices Of The Principal Stocks And Snare...
PRICES OF THE PRINCIPAL STOCKS AND SNARES AT THE CLOSE OF THE MARKET .
< _ ¦ ' ' ' Last This. - Week Week Stock...
< _ ¦ ' ' ' Last This . - Week Week STOCKS . 3 per cent . Consols—Money 96 J- 965 Ditto Keduced . 05 95 § Ditto New 95 95 | Hunk Stock 227 228 India . 224 22 GA Exchequer Bills 31 2 . 9 . Canada Government 6 per cent 114 116 . New Brunswick Government « per cent . .. lliJJ 112 J New South Wales Government 5 per cent . 102 102 South Australia Government 6 per cent .. 113 113 J Victoria Government 6 per cent 107 Austrian . Bonds , 5 per cent .. ... lirazilian Bonds , 5 per cent 101 £ 102 J French liontes , 3 per cent 69 ' < k > Mexican Itonds , 3 per cent . 2 ~> i Peruvian Bonds , 4 £ per cent Sljxd Spanish Bonds , 3 per cent 443 Turkish Scrip , 6 per cent T 8 J RAILWAYS . Bristol and Exeter 101 101 Caledonian OOJ 92 Eastern Counties 55 56 £ East . Lancashire Great Northern 101 * 105 # „ Western :. 043 G 6 f Lancashire and Yorkshire 'J 6 & 99 London and Blackwall 05 J 67 London , Brighton , and South Coast 113 1 * 34 London and North -Western 95 J 97 § London and South-Western 95 i ) G * Midland lOr . J 10 ? g North British ..... 4 £ d 00 J North Staffordshire 13 J l . tA Oxford , Worcester , and Wolverhatnpton .. 35 36 A South-Eastern .. ; .... 77 £ Slf South Wales ... 71 73 Bombay , Barodaaud Central India :... — 90 97 £ Calcutta and South Eastern .... ' .. par £ p Eastern . Bengal 3 | d 4 + East Indian 100 } 1 . 02 } Great Indian Peninsula 08 9 » J Madras 81 ) 89 Scinde 19 ^ 20 Buffalo and Lake Huron i ...... f > £ 5 J d Grand Trunk of Canada ZS 38 Great Western of Canada , . 13 J 13 | Antwerp and Rotterdam 45 * f Dutch Rhenish 4 | d 4 $ d Eastern of France - 25 J 26 Great Luxemburg OS 7 J Lombardo-Venetian llj 12 Northern of France 37 ; 38 J Paris , Lyons , and Mediterranean 35 £ 36 Paris and Orleans 65 56 Southern of France ; 20 21 £ ¦ Wnetcm and x \ orth-Western of 1 'rauce .. Slf 23
Joint Stock Companies.
JOINT STOCK COMPANIES .
Gei\Tbiial Trade Rep0e.T
The returns now given show that slate quarries and their productions have been throughout a long period almost entirely in the hands of a few private individuals , who have reaped large annual profits , and amassed colossal fortunes , and whose prospects are at the present moment brighter , than at anyformer period ; from the fact that in addition to the ordinary demand , which has always been in advance of the supply ' , a new .-nnd . rapidly increasing demand has sprung up from the application of slate to sanitary and many otlier new purposes . We cannot ,
then , pronounce the high estimate of profit by the Festiniog Slate Quarry Company to be special , for great profits are the rule , and not the exception ; the company ' s quarry possesses special natural advantages in dip and position , extremely favourable for economic working ' , which may secure to them higher relative profits . The scheme presents reasonable and satisfactory data to induce capitalists to invest ; it proposes to supply a national necesdity for increased supply of slate , and thus offers a permanent means of investment to capitalists !"
New Company for the Suppi / it of East Ixdian Fibres for our Home' Manufactures . — It ig gratifying to observe , from last night ' s Gazette , that a company of highly influential gentlemen and merchants , now or lately connected with our East Indian possessions , have formed themselves into a company , and have given notice of their intention to apply for- a special Act of Parliament to enable them to hold lands and secure especial trading privileges in India , for the purpose of growing certain fibres , and preparing them for manufacturing purposes by patented processes * the right to which the company hare secured by purchase of the inventor , Mr . J . II . Dickson , so longhand favourably known to all
flaxgrowers and linen factors . By Mr . Hill Dickson ' s patented machines , andchemical processes for render ? - ing these fibres available ,, are amongst the wonderful discoveries of the age , when viewed as tlue results of the experimental research of a scientific mind directed to achieve a special practical benefit of a highly important nature . . The importance of a very large and speedy increase of the Taw material for our staple manufactures in wool , silk " , cotton , flax * and hemp , is universally admitted , the supply having now for years past fallen short of our manufacturing needs . That India has the means of supplying these growing demands" of our
manufacturers has been repeatedly demonstrated in these columns , the only tiling wanting being the necessary capital , directed by a practical- knowledge of commerce , united with a proper scientific appreciation of the qualities of our Indian plants , and the proper mode of preparing them ready for manufacturing purposes . The beautiful fibres which have been produced from the various varieties of flax , Rheea or Assam grass , the . Neilgherry nettle , the jute , the plaintain , the aloe , the pine apple , and many others of high value , growing in all parts of India , by the patented processes of Mr . J . Hill Dickson , have been from time to time exhibited at our scientific societies , ,
and have been thoroughly tested by our most experienced manufacturers . The results of these experiments would justify the formation of an association with an adequate capital , for supplying the wants of our trade , and we expect shortly to be able to announce the organisation of a company to supply our manufacturers a substitute for their ordinary silk , wool , flax , and cotton mate rials ; and everybody will watch with much interest tho progress of any such undertaking . This report of the Pbnin 6 uj . au Oribntai . Cowpant , recommending a distribution of 7 per cent , ( making with a former dividend 11 per cent , for the year ) , has been issued . With record to the Australian postal service , tho directors stivto that their expectations of passenger tniHiu have not been realised , and that thoirexporionco of working tl > o service via Mauritius lias been unsatWnctory . They have therefore proposed to chanae tho routo tp Point de Guile , and have asked nn addition of £ 25 , 000 per annum to the subsidy . TJio former has been sanctioned , but the question of tho increased payment remains under consideration . Tho fortnightly mail service curried on for tho Spanish Government between Ilong Kong and Manila han , owing to tho restrictive Spanish system , proved incapable of re- , munerative development , and tho company , therefore , have glvon the requisite notice for its tcmun ati ' on in January next . At tho mooting of tho Ojuentai . Inf-ano Stjoam Company , a committee wan appoiutoil , with the ouncurrunco of tho directors , to InvoBiltfuto tho nfruirs of tho company , with a view to ascertain tho best courso to bo adopted for carrying out Its ? objects . It was statoil by the chairman that tho undertaking moots with considerable opposition in India from intorosted parties . " A mooting of tho Tuubt am > Loan Company or Uim'Jck Canada wa s also held this week , tho Right Hon . ltS . P . Uoiivorio , M . I ' ., prc-wliling , when tliu report wus adopted unanimously , and a dividend
clo-Siate Qitarriks in North Wales . —A private company of merchants and gentlemen of high standing have for several years past leased and have been working a slate quarry known as the " Festiniog , " situate on . the Ty dd ynbychan Estate—which comprises 260 acres of proved slate rocks—and which in extent thus stands third in importance to the several slate quarries of North "Wales . We take from a contemporary a short statement of the value and produce of the most celebrated of the quarries in this district , so that the Festiniog . be correctly estimated . The present lessees , having bo far developed the mine as to mukoit a matter of very easy demonstration that a high rate of profit may be
realised by an adequate investment of capital , have formed themselves into a limited liability company , with the object of giving the general public an opportunity of participating with them in the proper development of tho quarry . Associated with them as directors , we observe some influential merchants and bankers . Tho duta set forth in the prospectus , as a ground for anticipating a very high rate of profit , consist of various able roports and surveys of first-class men in their profession — as mining engineers and surveyors—whose statements will be found fully detailed 'in the company ' s prospectus . Tho proposed capital is £ 100 , 000 , in 20 , 000 shares of £ 5 each . Tho deposit asked for is Is . per share , and 19 s . on allotment . Tho shares aro of two classes—A shaves , to bo ordinary shares ,
participating in the entire profits of tho company after paying tho dividend of 7 £ per cent , per annum on tho amount paid on B shares—thus giving an option to invostors of n speculative , or a cortuln return on thoir capital . " Tho high estimate of profits upon investment led us to inquiro if the company ' s advantages voro special ; and wo luvvo ( says tho Mlnintj Journal' ) possessed ourcolvos of sonic vnluablo statistics , not previously publUliau , which wo are assured may bo relied on , showing tho number pf aluto quarries now in operation , their rola ; ivo valuo and production , and their null minimi returns of profit , niul find that tho nurrogiito production of slate in tho Principality » s estimated at from 050 , 000 to 400 , 000 tons per annum ; and of this ono-half tit least is produced iV . un tho Ponrhvn and LlanborrJs quarries alone .
-
-
Citation
-
Leader (1850-1860), Dec. 3, 1859, page 21, in the Nineteenth-Century Serials Edition (2008; 2018) ncse2.kdl.kcl.ac.uk/periodicals/l/issues/cld_03121859/page/21/
-