On this page
-
Text (13)
-
— ^ ¦ | ——¦— | —¦ . - — No. 489. A,,a. 6...
-
MONEY MARKET & STOCK EXCHANGE-
-
Friday Evening. All the circumstances of...
-
BANK OF ENGLAND. An Account, pursuant to...
-
GENERAL TRADE REPORT-
-
Friday Evening. There is little to say o...
-
— ^ ¦ ——¦— | . PRICES OF THE PRINCIPAL S...
-
Last TJris Week Week
-
STOCKS. 3 per cent. Consols—Money .. 95 ...
-
RAILWAY INTELLIGENCE.
-
The half-yearly meeting of the Great Wij...
-
JOINT STO0K _ 0OMPANIBS.
-
JOINT STOCK COMPANIES
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.
- .W Commercial Aspect Of The Strike. ¦Y...
both parties are exasperated ^ -that it can by any means be immediately stopped , and can only regard its existence and the frequent recurrence of similar strikes as testimony against the meddling and- costly legislation which has brought it on . ¦ . '¦
— ^ ¦ | ——¦— | —¦ . - — No. 489. A,,A. 6...
| —¦ - — No . 489 . A ,, a . 6 . 1859 . 1 THE LEADER . 921
Money Market & Stock Exchange-
MONEY MARKET & STOCK EXCHANGE-
Friday Evening. All The Circumstances Of...
Friday Evening . All the circumstances of the money market are favourable . The brisk demand for money which prevailed till yesterday has relaxed All the oblivions due on that day were duly honoured ^ since then money has been easy . Till to-day the Bank of England has been getting a great business . Now Lombard-street , the discount houses and the ioint-stock banks acquire a fair share of what is to be done The terms of the market are not altered , but the pressure for money is less . The Exchanges are all favourable , and gold is not running away so rapidly as formerly . Silver is not so much in demand as it was , and gold is not sent abroad to purchase it . " Bar silver and dollars are cheaper . The Bank of France has lowered its rate of discount from 4 h to 3 £ per cent ., and the increasing trade of that country finds increased accommodation . All these circumstances are calculated to work favourably on the mercantile community , and they will help to stimulate reviving enterprise . - Though money is easy it is wanted chiefly for trade , and comparatively little of it goes to the Stock-Exchange . There , though the market has been firm and improving , to-day business is very dull . Consols opened at 94 J to 95 , the closing price of yesterday , andclosed at 95 £ to f . The telegraph brought a rise of price in Paris of a good £ per cent ., and money being easy the funds and foreign stocks and shares are all firm . There would be a still stronger tendency upwards were the French Emperor relied on , but the usual fate attends him which attends others who have broken their words . Everything he says is suspected . We regret this ; hut so it is ; faith in the man ' s words has come to an end , and it will take an age of good conduct to restore the Emperor to the general confidence which he enjoyed before the 1 st of January , 1859 . The Bank returns will be found below .
Bank Of England. An Account, Pursuant To...
BANK OF ENGLAND . An Account , pursuant to the Act 7 th and Sth Victoria cap . 32 , for the weekending on Wednesday , the 3 rd day of August , 1 S 5 D : — ISSUE DEPARTMENT . Notes issued £ 31 , 201 , 740 Government Debt £ 11 , 015 , 100 Other Securities .. 3 , 4 . > l » , 900 Gold Coin ABullion 10 , 720 , 710 Silver Bullion .... £ 31 , 201 , 740 £ 31 , 201 , 740 BANKING DEPARTMENT . Proprietors' Capi- Government Secutal ... £ 14 , 553 , 000 rities ( Including Rest 3 , 340 , 135 Dead Weight Public Deposits ( in- Annuity ) £ 11 , 208 , 572 eluding Exche- Other Securities .. 17 , < M ) O , O 57 quer , Savings' Notes 8 , 880 , 920 Banks , Commis- Gold and Silver eioncrs of Na- Coin 003 , 500 tional Debt , and Dividend Accounts ) 5 , 323 , 250 Other Deposits .... 14 , 351 , 001 ¦ Seven Day « ud other Bills . 818 , 747 £ 38 , 392 , 141 ) £ 38 , 302 , 115 M ? . MARSHALL , Chief Cashier . Dated August 4 , 1850 .
General Trade Report-
GENERAL TRADE REPORT-
Friday Evening. There Is Little To Say O...
Friday Evening . There is little to say on this subject which is not mere repetition . In the manufacturing districts the demands for yarn and cloths continue good , and in Manchester , since the Gorman market has become active , they aro quite as groat as can bo complied with , Tho weather continues favourable for tho harvest , and though wo have some roports from the south of tho wheat not turning out well , tho crop is , on tho whole , likely to bo good . Tho corn markets arc firm , with a good business doing . Consumers and farmers seom both satisfied , which is the best condition of the market . In Minoing Lane sugar has doclinod 6 d . por owt . alnoo last week ; coffee has Boon extensively dealt in , but tho price is unaltered . Consumption gonorally continuos active , and yot prices aro not high . Tho supply of most conimoaitjos is on a fair level with tho doniand , and all aro flourishing . It is stated by those who attend to ouch subjects , that tho number of paupers is continually decreasing ; that now it is reduooa to ono in twontyfour of tho population , whon it waa ono in thirteen , which Ss ono of tho best signs to bo found of tho comparative improvement or tho woll-bolng of tho people . When they do woll tho merchant doos well , and accordingly complaints are loss hoard now than ome months ago .
— ^ ¦ ——¦— | . Prices Of The Principal S...
— ^ ¦ ——¦— | . PRICES OF THE PRINCIPAL STOCKS AND SHARES AT THE CLOSE OF THE MARKET .
Last Tjris Week Week
Last TJris Week Week
Stocks. 3 Per Cent. Consols—Money .. 95 ...
STOCKS . 3 per cent . Consols—Money .. 95 Ool Ditto Reduced 95 * 954 Ditto New 95 $ 95 J Bank Stock 223 223 India - •¦ 221 J Exchequer Bills 28 30 Canada Government 6 per cent . . •• New Brunswick Government C > per cent . New South Wales Government 5 per cent . South Australia Government 0 per cent .. Victoria Government 6 per cent ,.. ¦ Austrian Bonds , 5 per cent . -. Brazilian Bonds , 5 per cent French Rentes , 3 per cent i . Mexican Bonda , 3 per cent 18 ff Peruvian Bonds , 4 j per cent Spanish Bonds , 3 per cent 44 .. Turkish Scrip , 6 per cent SOJ RAIL , WAYS . Bristol and Exeter ... 99 9 | £ Caledonian ? nt « 2 l Eastern Counties ? i . 5 ° i East . Lancashire . xV , ~? i Great Northern 104 101 * „ Western 5 9 * 58 . } Lancashire and Yorkshire * 95 9 og London and Blackwall .. 07 CO London , Brighton , and South Coast . 112 * 111 * London and North-Western .:... 954 94 London and South-Western - 94 J 94 : Midland . 105 J 104 ; North British •¦ ¦• j >? ¦ 57 n North Staffordshire .. .., 13 £ 1 £ - Oxford , Worcester , and Wolverhampton .. _ 32 32 South-Kastern ¦ ...,. 73 £ 72 J South Wales .. 64 03 Bombay , Baroda and Central India ... ... 16 £ 1 GJ Calcutta and South Eastern . .. & V Eastern Beng-al •¦; - l £ d 3 $ Easttndiani : 98 98 * Great Indian Peninsula 96 £ 93 J Madras < -. 90 68 Scinde .. . 20 Buffalo and Lake Huron — 5 § 5 £ Grand Trunk of Canada ...... 34 34 Great Western of Canada . » . 15 14 $ Antwerp and Rotterdam 4 f 4 J Dutch Khenish 5 £ d 5 M Eastern of France .. 20 . 20 ;; Great Luxemburg ....... Of ( is Lombardo-Venetian 10 # 10 $ . Northern of France 37-J 37 J ; I ' aris , ' Lyons , and Mediterranean 35 35 J Paris and Orleans 54 55 Southern of France 20 A 21 Western and North-Western of France .. 22 J 22 J
Railway Intelligence.
RAILWAY INTELLIGENCE .
The Half-Yearly Meeting Of The Great Wij...
The half-yearly meeting of the Great Wijstebn-Railway Company , called for the 12 th inst ., will be made special , to approve an agreement for the transfer of the Birkenhead Railway to the London and North Western and Great Western Railway Companies jointly . At the meeting of the New Brunswick and Canada Railway and Land Company , the report of the Committee of Inquiry was received , and , in order to allow the directors time to consider and reply to the recommendations and charges therein contained , the meeting was adjourned . The proposed half-yearly dividend of the Great Southern and Western Railwa y Company oic Ireland is officially announced at the rate of 5 per cent , per annum , leaving a surplus of ll , 800 f . to be carried forward . The dividend for tho corresponding period of 18 S 8 was at the same rate . The adjourned meetingof the Railway Companies Association took place on Thursday , at tho Railway Clearing House , Seymour-street , Now-rond . Mr . George Gamble was in tho chair . Tho business before the meeting was of minor importance , and but few members were in attendance . The proposed dividend of tho Great Northorn Company for tho half-year ending tho 30 th of Juno , 1850 , is at the rate of 3 # por cent , per annum ,, or tho same as in 1858 . This distribution will givo 3 por cent , for tli'o half-yenv to tho B stock , and 7 s . Gil . per cent , to tho A stock .
Joint Sto0k _ 0ompanibs.
JOINT STO 0 K _ 0 OMPANIBS .
Joint Stock Companies
provision for bad and doubtful debts , interest to customers , and current expenses , as well as for the half-yearly dividend , there will remain a surplus of 6 , 2917 . 14 s . lOd . to be carried forward to profit and loss new account . Your directors have , accordingly , declared the dividend usual at this period of the year of 5 per cent , for the six months ending 30 th of June last . Since the annual meeting in February last , your directors have taken over the business and premises' of the Western Bank of London in Hanover-square—the transfer thereof having been effected on the 2 nd of May last . Every confidence , is entertained that this will prove to be a satisfactory and advantageous arrangement . The
dividend will be payable on and after Monday the 15 th instant . " The Chairman , in moving the adoption of the report and accounts , pointed out that the capital paid up and the reserve fund stood at the same figures as last year . The customers balances were greater this halfrvear than they had ever been before . The profit and loss account showed a large increase as compared with former periods . The bills discounted were considerably greater than they had ever been . -As compared with last yeai they presented an increase of 370 , 000 Z . The charge for premises would next half-year exhibit an increase , as the directors had purchased property for enlarging the banking house in Lombard-street ,
The property was paid for and the tenure freehold , The salaries had been enhanced by , the purchase of the Western Bank of London and the opening of a branch at Basingstoke . The transfer of the former had been effected upon most advantageous terms and he was happy to say that since the transfer the old customers had renewed their accounts with the baek . Attendant upon this transfer the directors had been enabled to obtain the services of one of the most . efficient directors of the Western Bank , namely , Mr . Huggins , and he had no doubt that the operation would prove highly advantageous to the proprietors of the London and County Bank . The result of the half-year ' s business wa ' jan increase of
8 . 500 Z . in the profits * as compared with the previous half-year . Since the last meeting the ^ directors had been at law in Ireland " on the subject of the Tipperary Bank ; but he was happy to say that as regards the Irish estates they had succeeded to the fullest extent , and the parties disputing the rights of the bank had been made to pay the costs . One of the parties , Mr . Aird , a relative of the late John Sadleir , had lodged a claim to the proceeds of one of the estates ; but . they were advised by counsel that the claim could not be sustained There were other estates in Ireland yet to be sold , and the directors hoped to dispose of them in November next . One word more , arid he had done .
The bank had no less than 24 , 000 customer , and that fact akme was a sufficient proof of the advantage of the institution to the home counties . Mr . Jones seconded the motion . In reply to questions , the Chairman said the managers of the branches were not allowed to engage in any other occupation that could interfere with the duties of the bank . He must decline to state publicly what were the profits of any particular branch ; but the information could be had at the offices . The securities were valued at their cost price , arid at their market value
on the 30 th June . The report and accounts were unanimously adopted . The meeting was then made special for the purpose Of considering certain resolutions passed at a previous meeting for altering their deed . Thq solicitor having explained the nature of the alterations proposed , the Chairman moved that the resolutions adopted at the meeting- of the 23 rd of Juno , be confirmed . Mr . Bly the , having seconded the motion , it was carried unanimously . A vote of thanks was then cordially passed to the chairmanand the proceedings terminated .
, Mr . F . Muynard , on behalf of the liquidators of the Wkstbun Bank of London , announces that a return of 20 Z . per share will bo made on tho 22 jnd inst . He states : •? I havo much pleasure in forwarding to you the annexed announcement , of payment of 201 . per share on tho shares of this bank , boing a fulfilment of ' tho assurance I gave the shareholders at the first meeting , 19 th of May , nnd repeated to them at tho second , on tho 21 st of Juno . I have no doubt whatever that I shall lmvo tho pleasure of the fiill aeoonmlishmont of tho assuranco that upwards
At tho mooting of tho Loisrnou Discoi / xt Company , hold on Tuesday , tho dividend declarod was at tho rate of 5 per cont . por annum , as recommomlod in the directors' roporfc , leaving a balanco of 7591 . to bo curried to tho next account . Tho ordinary half-yearly mooting of tho almrohojdere in tho London and County Dank was held this week at tho London Tavern . Mr * W , Nicol , M . P ., chairman of tho board of dirootors , presided . The following report was submitted : — " Tho dlroctors have the ploasuro to lay boforo tho pro * priotora a statomonc of tho nfftiira of tho bank on the aoth of Juno last , showing that , after making
of 40 / . will bo returned , of which tins is tho nrafc Instalment . " ¦ , Tho report of tho Bank of Nnw South Wajmss , presented at Sydney on tho 27 th of April , showed an nvnilablo balanco for tho hulf-yoar of 00 , 822 * . A dividend was recoinmemlod at tho rate ot 20 por cent , pornnuum , which will absorb 50 , 0001 . ; 11 , 678 * . wns carrlod to tlm rosorvo fund ( now raisod to 100 , 000 / . ) . » "d 5 , 1-Ul . mis onrrlod fox'ward . A now branch is to bo established at Wungaratta , in Victoria , and an agency at Adolong , in Now South
Wales . At tho half-yearly mooting of tho proprietors of the Kvai-isa , Soottjbh , and Austualian Chajrvurku Bank , lielii en Thursday , tho not profits v-ora
-
-
Citation
-
Leader (1850-1860), Aug. 6, 1859, page 21, in the Nineteenth-Century Serials Edition (2008; 2018) ncse2.kdl.kcl.ac.uk/periodicals/l/issues/cld_06081859/page/21/
-