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1090 THE LKAJyEB. 1 No. 496. Sept. 24, 1...
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JIOKET MARKET & STOCK EXCHANGE ¦
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GENERAL TRADE REPORT
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. - Friday Evening, All our accounts fro...
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PRICES OF THE PRINCIPAL STOCKS AND SHARE...
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RAILWAY INTELLIGENCE.
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Wi3 have much pleasure in announcingthe ...
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JOINT STOCK COMPANIES
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At the adjourned Court of Proprietors of...
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CONSUMPTION OF COTTON IN EUROPE. Last ye...
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.
The Trade Of Chijh A. A Contempor,Ar Y, ...
Without , therefore , giving any opinion ourselves fit this place as to the justice or injustice , the policy or impolicy of the war . j that the opinion of ¦ the mercantile classes trading with China , or resident in its neighbourhood , is in favour of the war , Carries with it no more authority than the opinion of any other class of self-interested and ignorant men .
1090 The Lkajyeb. 1 No. 496. Sept. 24, 1...
1090 THE LKAJyEB . 1 No . 496 . Sept . 24 , 1859 .
Jioket Market & Stock Exchange ¦
MONET MARKET & STOCK EXCHANGE
Friday Evening . The Money Market continues easy , and the rates are unaltered . The business is rather dull than otherwise , and money is so abundant in reference to the demand , that at present a decline in the terms of discount seems more probable than a rise . Gold to the amount of . £ 70 , 000 has gone into the Bank in the week , and more is coming forward . _ Money is equally abundant on the Stock Exchange as in the open market , and business has , in in the weekThe
consequence , been rather active . news from Mexico is favourable to Mexican securities , and they have gone up from 18 to 231 , The Mexican present Government seems disposed to redeem some of its obligations by the sale of Church property , end . the mere payment of the coupons due on this stock will amount to a sum almost equal to its present price . The probability of the Church property being appropriated to this object , has , in consequence , had great influence , and there have been numerous buyers of Mexican stocks at
advancing rates . Our own funds have been steady ; in the week Consols have fluctuated between 95 £ and 95 f , and the price to-day was 95 £ . Other stocks and railway shares have been equally steady , with a fair amount of business . In the French funds the Three per Cents , are at 69 f . 30 c . The publication of the agricultural statistics of Ireland , which show an increase of 44 , 683 acres under flax , illustrate the effects of price on production . Since 1853 , when the quantity of land under fliax was 170 , 000 acres , the pride has been low , and the quantity of land so cultivated has continuously declined to 90 , 000 acres . Last year the price was high , and the land cultivated by flax has been increased a full half more than in 1858 . The fact shows , in conformity with the general law , that the best stimulus to production is the condition of the market . We subjoin the Bank returns .
JBANK OP ENGLAND . . An Account , pursuant to the Act 7 tli and 8 th victoria cap . 32 , for too week ending on "Wednesday , the 21 st day pfSepteniber , 1859 : — ISSUE DEPARTMENT . Notes issued £ 30 , 980 , 710 Government Debt £ 11 , 015 , 100 Other Securities .. 8 , 459 , 900 Gold Coin & Bullion 10 , 514 , 710 Sliver Bullion . .... —* - ... . £ 30 , 080 , 710 £ 30 , 089 , 710 BANKING DEPARTMENT . Proprietors' Capi- Government Seoutal £ 14 , 553 , 000 ritics ( including Rest 3 , 720 , 472 Dead Weight Public Deposits ( in- Annuity ) £ 11 , 220 , 018 eluding MxcUc- Other Securities ... 19 , 317 , 820 qubr , Saving's' Notes 9 , 909 , 035 Banks , Coinmifl- Gold and Silver sionors of Na- Coin 077 , 450 tional Debt , and Dividend Accounts ) ,.. 8 , 702 , 598 ' Other Deposits .... 13 , 219 , 882 Seven JJay and other Bills 839 , 280 £ 41 , 155 , 232 £ 41 , 125 . 232 M . MAK 9 HALI-, Chief Cashier . Dated September 22 , 1860 .
General Trade Report
GENERAL TRADE REPORT
. - Friday Evening, All Our Accounts Fro...
. - Friday Evening , All our accounts from the manufacturing districts continue to bo on the whole favourable . A temporary dulness prevails in Manchester in consequence of the news from China f otherwise business is very steady , and slowly expanding . The corn markets throughout the country Bhow a tendency upwards , the consequence , we believe , of the unsettled weather .: In Markr-lane to-day the market was steady . Supplies were good , And the demand was equal . There seems now no
apprehension , and there never has been since the corn laws were repealed , the least apprehension of dearth , properly described as the scourge of savage life , we have abundance of food , and as long as we have abundance of food we shall either have , or we may easily dispense with , an abundance of other things . In Mincing-lane there is a little increased activity . Tea , which has been inquired jfbr , is now dull . Sugar Is steady , with full business . There has been more Activity in the coffee market in the week than has of late been experienced . Several floating cargoes have
General Trade Report
been taken , supposed on speculation , and prices have had an upward tendency . To-day the quantity of eoflfee oflFered is large , but it is steadily taken . That there is little to report of Trade is a sure sign that business is on the whole good . Trade , like a woman , is more respectable as it gives little occasion for many remarks .. All the raw materials of our manufactures , we are happy to say—silk , cotton , flax , hemp , and wool—in ^ dicate abundance , as the prices tend downwards , and the market for them ia dull .
Prices Of The Principal Stocks And Share...
PRICES OF THE PRINCIPAL STOCKS AND SHARES AT THE CLOSE OP THE 3 IAEKET . " Last This Week "Week STOCKS . ' n-i ' ' i 3 per cent . Consols—Money y % 8 9 o £ Ditto Reduced y (> £ Ditto New JJ & - Bank Stock 22 ° 2 ^ 0 £ India 217 Exchequer Bills 23 ^ 23 Canada Government 6 per cent I ™? 112 New Brunswick Government 0 per cent . .. ^ P g New South Wales Government 5 per cent . » ° S 110 $ South Australia Governmen t 6 per cent .. 109 no Victoria Government 6 per cent , 110 111 Austrian Bonds , 5 per cent . .. Brazilian Bonds , 5 pcr cent . ... French Rentes * 3 per cent ... 08 , 90 Mexican Bonds , 3 per cent ........ .. Peruvian Bonds , 4 $ per cent Spanish Bonds , 3 per cent . 46 * Turkish Scrip , 6 per cent .... - ; . 83 $ RAILWAYS . S Bristol and Exeter ......... - 98 99 Caledonian ; .. § 5 * 88 i * Eastern Counties - oo £ 5 OJ East Lancashire v . . - - Great Northern ••¦ ¦;•• -. ¦ 101 $ ! 01 £ „ Western ; ..... 59 J G 2 Lancashire and Yorkshire 9 oft 96 * London and Blackvrall G ± i . 66 London , Brighton , and South Coast ....... 112 112 London and North-Western ............... 93 £ 94 J London and South-Western .. 92 93 Midland ... 104 * 1054 North British Cfcf 59 * North Staffordshire ..... .- 13 4 d Oxford , Worcester , and Wolverhampton .. 32 32 Soutli-Eastei-n . 75 759 South Wales . •¦ 03 63 | BombayyBaroda and Central India ... ... 17 17 Calcutta and South Eastern * p Eastern Bengal gd £ d Eastlndian 9 !) A 100 £ Great Indian Peninsula 98 . J 4 ) 8 Madras 90 90 . Scinde 19 * 19 * Buffalo and Lake Huron 5 a 5 j Grand Trunk of Canada . 34 * 30 Great Western of Canada 135 13 J Antwerp and Rotterdam ... 4 ft 49 Dutch Rhenish , 5 Jd 4 § d Eastern of France 20 27 Great Luxemburg ., OS 7 $ Lombardo-Vcnetian lftp . . p Northern of France 37 37 $ Paris , 'Lyons , and Mediterranean 35 35 Paris and Orleans 55 50 Southern of France 20 * . 21 Western and W orth-Western of Franco .. 23 23 * . * ex . div .
Railway Intelligence.
RAILWAY INTELLIGENCE .
Wi3 Have Much Pleasure In Announcingthe ...
Wi 3 have much pleasure in announcingthe completion of a further portion of the East India Railway works . The line is ready as far as the River More , forty-eight miles from Birdwan , and will be opened for traffic very shortly . The magnitude of the works on this portion must bo seen to be appreciated , and the result is highly creditable to the engineers engaged in the work . All the bridges , including the immense bridge across the Adjai , are completed for a single line of rails , and there Is little doubt but that the bridge across the More will be open for traffic in four months , if the same activity is displayed in its completion as in that over the Adjai .
It appears by the report of the meeting of the Q-EBtoNo and Mblbouknis Railway Cobipany held at Geelong on thocOth July last , that the traffic receipts for the previous six months were £ 28 , 131 12 s . and the expenditure £ 21 , 576 Is . 8 d ., leaving a balance in favour of the shareholders amounting to £ 0 , 555 10 s . 4 d . A mooting was appointed for the 2 Gth of July last , to consider tlfb proposal for transferring the railway to the local Government , at which the English shareholders would bo repre ? sented . A roport of the proceedings is expootod by the mail in October next . The twonty-eighth half-yearly meeting of the Sajhdkm and Meusijj Railway Company is called for the 12 th Oct ., and thai ) of tho West IPlawdbrq Railway Company for the 14 th , Oct . The direction of the Duxow RnmNisir Railway Company advertise the payment , in due course , of
the interest coupons due the 1 st prox . on their lnin of 4 , 800 , 000 florins . Jpw The increase in the receipts of the North Stasfobdshibe Railway , for the week ending the lith inst ., is £ 1 , 307 . ° lta -The receipts of the Grant * Trtjkk Railway of Cahada , for the week ending the 3 rd inst ., show an increase of £ 374 . The receipts of the Oxford , Worcester , and Wolverhampton Railway Company , including the Stourbridge Extension and Stratford-upon-Avon Canals , for the fortnight ending 1 ltli September , hav e been £ 10 , 264 0 s . 10 d ., whilst those for the corresponding fortnight of 1858 amounted to £ 9 , 580 12 s . lOd . and the expenditure , also including that of the Stourbridge Extension and Stratford-upon-Avon Canals , £ 3 , 964 6 s . 3 d ., being at the rate of 38 . 62 per cent ., whilst those for the corresponding fortnight of 1858 amounted to £ 3 , 608 17 s . 5 d . ^ or at the rate of 37 . 66 per cent .
Joint Stock Companies
JOINT STOCK COMPANIES
At The Adjourned Court Of Proprietors Of...
At the adjourned Court of Proprietors of the Bajjk op England it was announced that the dividend declared on Thursday for the half-year ending in August , at the rate of 4 £ per cent ., has beeii confirmed by ballot . At a meeting of the Commercial Bank of Sydney , at Sydney , on the 12 th ef July , a dividend for the half-year was declared at the rate of 18 per cent , per annum , absorbing 23 , 511 ? ., an addition of 4 , 000 / . was made to the reserve fund ( thus raised to 54 , 000 ? . ) , and 4 , 908 ? . was carried forward .
At a recent meeting of the directors of the Baxk or Bengal , seven of the candidates were selected for the secretaryship . A majority of the directors however , evincing a desire to get a man from England , it was moved that a committee be apr pointed in London , consisting of Messrs , J . A . Dorin James Church , and some other gentlemen of Indian experience , who ruiiy be requested to select an English financier for the new post . "We also hear that the Government direetors present were unwilling to throw open this appointment to . civil service against the spirit of Lord Dalhousie ' s
minute . At the meeting of the "North Rhine Copped Company of South Australia , Mr . Cope in the chair , the first annual report was presented : from which it appeared that the whole of the shares had been issued and paid upon ; and that in April- 'last the property had been duly transferred to the company for the sum of £ 10 , 000 cash . The first consignment of 385 bags of ore had arrived in London , and had been despatched to Swansea . It was expected that , as the miners proceeded to a greater depth ,. the returns of ore would be considerable . The accounts showed an available balance of £ 9 , 185 11 ? . 7 d . in favour of the company . The report Avas adopted .
At the meeting of the Chartered Bank of India , Australia , and China , a dividend was declared for the half-year ending in June at the rate of 5 . per cent , per annum . It was stated that tho bank oontinues to make , satisfactory progress , and that a considerable increase has taken place in tho business . The branch at Singapore has been fully started , and promises to be a valuable link between the India and China establishments . A new branch late cuiis
has also been opened at Hongkong . Tho have been promptly met , and there arc none overdue in England . In India there may possibly be some delay , but no ultimate default is expuotou . The balance of profit in the past six mouths was about 16 , 5 OOZ ., eubjeot , however , to abatements , tno second half of the year determining tno resuie ox the great trading operations entered into ju the first . About 9 , 000 * . will be absorbed by tho petsent dividend .
Consumption Of Cotton In Europe. Last Ye...
CONSUMPTION OF COTTON IN EUROPE . Last year , to the end of December , oui : totalImports of cotton were 1 , 084 , 342 , 170 lbs ., of whlcUjo derived 823 , 000 , 000 Iba . from tho United btatej , ami tlio remainder chiefly from the British hast In lie ? and other countries . Of those Imports , I '""™ we re-exported 140 , 600 , 000 lbs ., leaving J ° » ™ supply 885 , 700 , 000 lba . We have seen , 1 > ow « ej that the exports from the United Status to oW countries than Great Britain , chiefly m A . ¦ " ° l'w wore almost one-half as great as the exports 1 t ¦ en and adding to them the exports ft » m ouv oonnwr we shall get a tolerable measure of Uwoottpn uiiwu features of . the other countries of Europe , bup poBingthafc they got no supplies direct I « » ^ SSaat Indies , theT Brazils , and fegypt , but obtainiw their supplies of the cotton of those , oonnuw through England , which is not exactly , but car y , tho fact , their supply and our tmpply » im ( i iUW
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Citation
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Leader (1850-1860), Sept. 24, 1859, page 22, in the Nineteenth-Century Serials Edition (2008; 2018) ncse2.kdl.kcl.ac.uk/periodicals/l/issues/cld_24091859/page/22/
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