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No. 504. Nov. 19, 1859.j T H E L E A D E...
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MONEY MARKET & STOCK EXCHiLNG-E.
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Friday Evening-Dkalkks in money say tber...
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GENERAL TBADB BBPORT-
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Wh have tho sanio story to ropeffc of ou...
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j I Ul'hwian Com.mj'.uck,—Tho pressure i...
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RAILWAY INTELLIGENCE.
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rvn^-n-r* ., ^-^ n-,m (JEITBRAL TRADE BBPORT
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! BANK OF KX.GLAND. An Account, pursuant...
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PRICES OF THE , PRIMGiPAL' STOCKS AM.D S...
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T.ast This ' ¦ '- .. ¦ -Week Week 1
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a of ". STOCKS. 3 per cent. Consols—Mone...
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Palace JIotkl JOINT STQCK COMPANIES.
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Masters' Royai. Cuystat, Palace JIotkl C...
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., „ ~ •¦ *~ —¦ PitODLCT.s or MoiioyJo.—...
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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Transcript
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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.
Additionally, when viewing full transcripts, extracted text may not be in the same order as the original document.
Supply And Price Oe Wheatf. Iye Mentione...
large and of fine quality ; but , by the very latest intelligence from the United States , it appears that only 1 ° 745 , 100 bushels ofwheat have been brought by canal from the Western States to New York , in 1859 , against 6 , 358 , 000 ' bushels brought in 1858 . All other grain forwarded in this year shows a similar deficiency . This may be . partly due to the low prices on the sea board , but it id also partly due to the crops and the stocks , both in Canada and the United States , ; being loss extensive than report lias represented them . Thus j ¦
none of the countries from which we derive our chief supplies are now b ountifully provided , -but our corn trade is so extensive , embracing India , Peru , and Egypt , in its wide and diversified arms , that we shall be sure to obtain a -supply , because we , of all people , are able to pay for it , and to it , at all times , we freely open our markets . At present , prices are low . The average of wheat for the last six . weeks-was 42 s . 6 d ., against 4 " 2 s . lid . last year at this time , but a continual rise for some time -may be expected .
On -former occasions , prior to the repeal of the corn laws , a deficient harvest here and a probable short supply abroad , occasioned at once a rush to get corn . Our merchants despatched their orders to . buy to every corn market * of the Continent , and immediately a demand on the Bank of- England for gold began . The ex changes were sure to turn against us , the circulation was sure to be curtailed , the rate of discount was sure to rise , and a general alarm ensued amongst , the . mercantile classes . Now frc hear nothing of the -kind . All business goes on so quietly and steadily that it is almost difficult to
find an alteration in it to record . Money is , indeed , becoming somewhat more in demand ; loanable capital is dearer ; there- is a good demand-at-the Bank for discount , and no business is done below its minimum' rate . We miiy undoubtedly expect , from t-hu-present state of our corn markets , additional purchases of corn abroad , and an additional demand for bullion to pay ior it . ' With dear corn , dear money is , at least , at first generally :. / conjoined ; and , while we have now nothing of the wild excitement and alarm which formerly a Hoc ted the mercantile world when the harvest was short , we may look for money to become dearer .
No. 504. Nov. 19, 1859.J T H E L E A D E...
No . 504 . Nov . 19 , 1859 . j T H E L E A D E K . ____ Jj 81
Money Market & Stock Exchilng-E.
MONEY MARKET & STOCK EXCHiLNG-E .
Friday Evening-Dkalkks In Money Say Tber...
Friday Evening-Dkalkks in money say tbere is no alteration . The demand continues & 001 . I , but the supply- is ample . The . market is quiet and steady . We have had the same tale to tell for several weeks past . At present thu remarkable feature of business in the City is that there is little or nothing now to record . Money is at the Bank rntes . The exchanges are generally good , and business is dull . The Ocean Maritime Insurance Company , which we announced last week , has already found imitators , but they want the vitality of the orginal project , the slmi'cs of which are at a premium . There is room Air many other nuw undeitakings , but little disposition to commence them
. tvl / IAIIMV'l ^ -U bllVllli The Stuck market has boon very little disturbed through the week . To-day U was Hat , and Consols which opened at !)<> , }• closed nt 'JO , ,. From l ' aris the Three , per Cent . Iconics eniuo the same as yesterday , GOf . S )() o . The various political rumours ^ afloat of Congresses , Garibaldi's retirement , anl further disputes between Austria and France , did not it . ( R » et people , though sonio seemed pleased nt the denial given by the French papers to tho Times , which has attributed hoitjlo iboliny . * to tho whole French people .
General Tbadb Bbport-
GENERAL TBADB BBPORT-
Wh Have Tho Sanio Story To Ropeffc Of Ou...
Wh have tho sanio story to ropeffc of our trail j tins Avoek as for in a ivy weeks . The people cviil ' miiy gonorully well omployod , and the demand tin om- j chief iiiiuuifueturos continues good . Some doubts uro oxprosflod of tho Indian markets , and thunc who have relied ol'l . ito Tory much on thu in , are tuld thut llko their American opponents , whom they censured , they liiivci placed too nuu . 'y egus In one huskct , India onnnot monopolize our export trade to our ailvmitnge . Iluppilly oilier eoiintr ' ieri eoiiiiiiuo their donmiulo , iiml our inuiuifiicturord are well oinnlin-u I , I
The corn market "wa 3 steady to-day in Marklane at Monday ' s higher prices , though the suppli es were large . Sugar in the week . has been active , and the prices have advanced Gd . per civt . Other articles meet a steady sale , but prices are unaltered . In short our trade is very niuc . i of a routine character , and is the same one week as another . « I ¦ •• 1
J I Ul'hwian Com.Mj'.Uck,—Tho Pressure I...
Ul'hwian Com . mj ' . uck , —Tho pressure in oomniorclal ulrulcs in St . 1 ' otorsbui ' t ? is » o severe that thy ! Minister of Fiunnco 1 ms issued it notlqo permitting 1 ]) ursoiiB wlio ' hnvo to pny duties at ' tlio Cnstuin- , lioudu to loilg'u railwny filiuroa aa sociurity , in lieu of i ! ii »! i . . Meanwliilo , stoclc iind shnro property is desiTilKiil as aliuout unsaloaMv ., Tlio rate of discount lina rirti'ii to 8 J per cent . Tlio collapse now wlmosaod in iitlrilxitect to tlio flluiru mania whieli luis prevuilo . l in llussla during tho laat two years , combined | with' thu widely-nunilloil paper system amongst . iniuiufuuturors and others . '
Railway Intelligence.
RAILWAY INTELLIGENCE .
Rvn^-N-R* ., ^-^ N-,M (Jeitbral Trade Bbport
Sir Samuel Peto and Mr . Brassey . -who have just arrived in Paris , have-got the contract ( 125 , 000 , 000 f . ) for the railway from Nice to Genoa . The works are to be begun immediately . Seventeen miles of the Madras Kau / vvay , in the Malabar district , -wore opened on the 5 th September . Jn a few weeks , it will be ppc-neil to the Pnightiut station . The natives crowded to see the trial trip of the smoke bandy , " which travelled at the rate of thirty miles an hour . The women signified their reverence -by ' salaaming- to it . and many of the men strove hard to keep up with it . New signal-men had been drilled to iheir work , and placed at every mile of the line ,, but several of them , on the approach of the engine , threw their signal-flags on the ground and took to their liewis . -
At ji meeting of the Lonj > o > "i > ejiii y ani > Coi-eraink Haii . "» vay Coim-fan y , a bill was considered' for enabling the director . ? to pay off the Irish JLoan Commissioners , also the debenture holders and other creditors , by new debentures at a lower rate of interest , and * by which they hoped after live years to realise some dividend for the shareholders . Some discussion took place , but the bill was adopted . A general meeting of shareholders in tlicLuccA and Pistoja Ratj . vtay Company is called for tho 29 th inst ., at 1-uce . i , when . amongst other business a proposal will be submitted for making over the railway .
An extraordinary general meeting of the shareholdeis of the Caledonian Kaii / wa y CoairAxri was held on Tuesday , in the Merchants ' -liall ; Glasgow , for the purpose of considering an agreement entered into between the directors of the Caledonian , Edinburgh and Glasgow , ' and Scottish Central Hail way Companies , with reference to a proposed amalgamation of tiio said companies . A resolution confirming the agreement was adopted . ¦• .. The East Ixi > ian ISailway Compaky having
offered a . commission of £ per cent , to - members oi the Stock Exchange subscribing for the balance of the loan of £ 1 , 600 , 000 unappropriated on Saturday , those who subscribed on that day have claimed to be placed on tlie same footing , both ; as a matter of justice and . from its being the general custom of all railway companies to make such allowance to the subscribers to their debentures .. A letter to that eftect has consequently been addressed to the Board by a number of leading brokers . ¦ :
The London and JS orth YVestern Railwny traffic return shows this week an increase of . £ 7 , 079 ; the South Eastern an . increase of . £ 1 , G 13 ; the Great "Western an increase of . £ 2 , 154 ; the Great Northern an increase of £ 1 , 905 ! and the London and South Western an increase of £ " 2 , 724 . 3 j V )
! Bank Of Kx.Gland. An Account, Pursuant...
BANK OF KX . GLAND . An Account , pursuant to the Act 7 th and 8 th Victoria cap . -fci , for the week endiuy on Wednesday , this 9 th day of November , 18 u !> : — IS 3 VE DEPARTMENT . Notes issued £ : 5 O , ~ ll , 17 O Government I > ebt £ 11 , 015 , 100 > thor Securitios .. 3 , 45 'J . JoldCoin & Bullion 1 C > , - > . }<\ , 1 ? O Silver Uullion £ 30 , 711 , 170 ' £ : JO , 711 . 17 O ¦ BANKING DEPARTMENT .. 1 ' ropriotors ' Capi- iGovornmont Soeu- ' t ; il . -Cl ^ nj ^ OOOl rities ( inohiilinj ; - Rc . st 3 , 180 , 850 JX-ad AVii ^ ht Public Deposits ( in- Annuity ) £ 10 , 0-23 , 107 eludiiifj - Kxchc- Otlu-r s-ociiritios .. ls , 87 O , ? s . j quer , Su vines' ! Xot .-s 0 , 2-13 , 000 Uanks , Commis- fJold and . ailvt-r Hionors of Nji- Coin ( 5 M ,. > 00 t-ion . il Ui-bt , and Dividend Accounts ) . - .... ' r ., 4-2 , > , coo Other Deposits .... M , ! ih' , « 17 Seven Day and ' oilier ¦ Hills ..... .. sr .-2 . or > : ) ^ £ 3 » ( 5 i ! : 5 , i 5 ' . » - . ' £ : )' . » , GO : 5 , 01 ) 2 U . HAUSHAL . I ., 'ChiefCashier . Dated November 10 , l «> 5 . 0 .
Prices Of The , Primgipal' Stocks Am.D S...
PRICES OF THE , PRIMGiPAL' STOCKS AM . D SHARES -i AT THE CLOSE Q . F THE MAKKET .
T.Ast This ' ¦ '- .. ¦ -Week Week 1
T . ast This ' ¦ ' - .. ¦ -Week Week 1
A Of ". Stocks. 3 Per Cent. Consols—Mone...
. STOCKS . 3 per cent . Consols—Money Wl l '• ' <• $ Ditto IJeducL'tl '• >•» WJ Ditto Kow «•"> , - ' -Hj nl ^ .:::::::::::: ; :::: ; :::::::::::: & ? ii * Kxolieouer Uilis " \ : w C ^ unacla ( ioveriuncntO per cent . * , ' * Xew liriinswiirk ( iovcrunivnt C p « r cent . .. 113 ^ New . South Wales Government ¦> per cent . 102 South Australia Government (> per cent .. il-j .. Vjutoriu Governiueiit a per cent 1 () < .. Austrian Ubnds , . "> per cent .. •• iJrax . ilinn IJonds , 5 i > er eent 101 * ,. Kreneli liontos , : ! pur cent ( l !> ' ( 1 J ... . Mexieun l » ondti , 3 per cent ...... ~ -i ~ ' 2 J l ' eriiviau llonds ,-li per cent Spani .-sli ISoiids , : ( per cent ' *• % ^ . 'I ' urUirih . Scrip , IS per cent ' 4 7 ( i HAILU'AYS . Urislol and K . veter 101 101 Caledonian . " , # 4 ) i _> J lOastera Counties Ui > '' Ktitjt l . nucashire «• Great Northern l f - » 14 l"l ! t „ Western «•* $ ' > 'f I . ancnshire and Vorkshiro WHV VM London and Hlaekwall , « W ' f ^ 'i London , l > rl"liton , nud South Coast 113 113 1 . nndon nnd North-Western »* > . t *> Vl London and Woutli-AVostcrn W > »»> J . Midland .. 1 W . 1 10 f > . i North l > rlM » h > J'I «''• ' » , North Stall ' orUflhlPO l ; ' . l 'i" Oxford . Worcester , nud Wolverliampton .. 3 . "> jl . ^ South-lflnat » M * u < ' * ' 3 ' '" it South Wales " 1 71 fJombay , Uarpdaand Centrnllndla «( J 0 ( 5 Cn-lotittn and South Kastorn par pur Hnslorn Uoiffnl - W < l : J . 1 < 1 Hast Indian li > 0 . } 10 i ))} \ ' '>! UViuid Trunk of Cimiulu ; : vs 38 Groat ^\ ' ¦ ostel n of Canada ' .. ]•> : } 1 M Antwerp nnd Rotterdam IS 1 DnlelflhienlHh -i . ^ I -li d ICaHWTii of Frtmee , ' - !"> i W > , ( ireat Luxemburg' < V 'V Loiubiirdo-Vonutlun H 11 . ' Northern of Kruui ' d 37 ; : it ! I ' arlrt , J . yoiirt , and MeillteiTHiionn ' ' ^ i 3 ^ a Paris aiul oriiMiiiH M fi "> Southern of Krancc - ' » 20 Wi'dtui-n and iNoftli . Wi'Hloi'ii of Kriiiu-u .. ~ MJJ - ' . ' |
Palace Jiotkl Joint Stqck Companies.
Palace JIotkl JOINT STQCK COMPANIES .
Masters' Royai. Cuystat, Palace Jiotkl C...
Masters' Royai . Cuystat , Company ( Limited ) have just held their half-yearly meeting , and declared a dividend at the rate of 20 per cent . The shares of the new Oci ; an Maiune Company , have touched 2 . premium at one period this week-The number to be distributed is M ) , 000 of £ 2 ~ > each , and it is said that 300 , 000 have been applied for . The cause of the relapse this morning consisted in reports that other projects uro to bo started in imitation . That this is an ine . 'itubleconsequence in all such eases was curiously exemplified when , after a period of more than sixteen years , during ¦ which no persons of position could ho induced to promote tho formation of a new joint-slock bank in JLondoti ; tho City JJauk was started , and went to a gooh premium , . ' Tho J ' outl-cm .-kse Citi .: i . »! j' Moijjmkk . Si . > uii : rv have nuiilcu call or ' . t ' -t- per ah , ire . , 1 : t 1 ' ' J t S s 7 ; 1 , 1 : u
., „ ~ •¦ *~ —¦ Pitodlct.S Or Moiioyjo.—...
., „ ~ •¦ *~ —¦ PitODLCT . s or MoiioyJo . —Kvery town In Morocco has itspuculiar miiu : i ! iu .-ltiro . At Tetuiyi they ipako ' gun 3 and eertuiii woniKn fabrics , especially belts called lajas , for wbic ' i then , is m good deinuiul in tho South " of Spain . At K : ibat , a kind of carpets scarcely inferior to tlio . su of l ' ersia t \ r « . umnufucturuJ i 11 lure , too , aru uuide . tlie woollen hnilcs with which thu Moors envelopu their perjoiis , niul n kind of watcritroof fabric eulied tljvllubiu , inucli osleoniea . g y *" s i ) " U
oven by JCuropcaiia . Fuss is noted for Hd pottery , of which considerable quantities aru exported to Algeria . This town also nianufaoturus tho rud felt caps which boar its iianie , with ninny other woollen and silk iirtlcjus , leather and velvet slippi'm , gold and silver embroideries , & c . lint the elikf manufacture of Morocco is tl-io loatbvr which bcurs its name and which Kiiropenn industry cannot surpass and hull-till scarcely rivals ) . Tho rod and yellow dyes used by tho Moor « * uro superior to thosu of Europe . 0
Fo / , Tu / ilot , and Morocco aro the places Avlioro this leather nmnufaeture is curried on , but there avo pood tanneries at many other places , especially at Rabat mid Tampers .
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Citation
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Leader (1850-1860), Nov. 19, 1859, page 21, in the Nineteenth-Century Serials Edition (2008; 2018) ncse2.kdl.kcl.ac.uk/periodicals/l/issues/cld_19111859/page/21/
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