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1206 THE LE ADEE. [JsTo. 501. Oct. 29, 1...
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TRADE OF NINE MONTHS. The value , of our...
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A meeting was held at the Guildhall Coff...
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PRICES OF THE PRINCIPAL STOCKS AND SHARE...
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• Last This Week Week
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STOCKS. 3 per cent. Consols—Money 9OA 90...
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At the meeting 1 of the Oiwentai* Bank C...
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PRICES OF THE PRINCIPAL STOCKS AND SHARES
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RAILWAY INTELLIGENCE. The London and Nor...
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advantages to be derived from the undert...
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.
Guarantees And Subsidies. Tjinglish Mana...
that they-have' . " operated as an absolute discouragement to enterprise . "
1206 The Le Adee. [Jsto. 501. Oct. 29, 1...
1206 THE LE ADEE . [ JsTo . 501 . Oct . 29 , 185 9
Trade Of Nine Months. The Value , Of Our...
TRADE OF NINE MONTHS . The value , of our exports in the ninth month of the present year was ~ £ 11 , 631 , 426 , against £ 10 , 713 , 765 in 1858 , and £ 11 , 068 , 874 in 1857 . Our export trade continues to be greater month by month than the trade of 1858 and of 1857 . In the nine months of the year it amounts to . £ 98 , 037 , 311 , against . £ 86 , 310 , 329 in 1858 , and £ 95 , 735 , 592 in 1857 . The chief complaints are few—one , of a want of raw materials , though they have been imported in unusual quantities , which testify , in fact , to the great activity of bur manufactures . The shipping employed , both in the foreign and the home trade , both entered inwards and outwards , shows also an increase . We may now , therefore , suppose , as the complaints of the shipowners have died away , that they are beginning to find out that they are less injured by the removal of restrictions , which has allowed commerce to expand , than by their own want of prudence . All the branches of trade are prosperous , and we see at present no reason to apprehend a reverse .
A Meeting Was Held At The Guildhall Coff...
A meeting was held at the Guildhall Coffee-house tp-day to take measures to prevent the counterfeiting 1 of trade marks , and against the unseemly practices of making up webs and filling reels with one quantity and selling them as of a larger . quantity . "We had occasion several months ago to call attention to these practices , and we are glad to see parties : immediately interested taking up arms against them . A committee was appointed to watch over the interest of traders , and take steps to check the scandalous dishonesty .
MONEY MARKET & STOCK EXCHANGE . Friday Evening The demand for money continues good , and the Bank rate of discount is . the general rule . Since [ ast week there has been no important alteration in the terms . People continue disquieted , and some have been both puzzled and alarmed at an advertisement for two steam and two sailing ships , to be employed and fitted-up as hospital ships . Whether they are for our Government or for foreign Governments appear not to be known , but such advertisements 'belong to a class that are sure to excite , by themystery involved in them , considerable attention .
countenanced and assisted b y France , excited uneasiness , France might be using Spain , it was supposed , to assist her in converting'the Mediterranean into a French lake ; and the States occupying , in conjunction , the south coast of the Mediterranean , might be found offensive to England . The foreign journals , as well as our own ; have written much on the differences which exist between the two Governments , and have magnified , probably for want of topics of interest , the little molehills that may lie in the path of the two nations into mountains . All these apprehensions are , ye trust , without foundation . If , however , the great millionaires and the rich traders , who should command peace and be the masters of the Sovereigns , choose to submit to their pleasure , and hold their interests at the mercy of politicians , they must suffer as they suffer from the arbitary conduct of their lords and masters . BANE OF ENGLAND . An Account , pursuant to the Act 7 th and Stli Victoria cap . 32 , for the week ending on Wednesday , the 2 Gthday of October , 1859 : — ISSUE TVEPARTMENT . Notes issued £ 3 O , 78 i , 30 C Government Debt £ 11 , 015 , 100 Other Securities .. 3 , 459 , 000 Gold Coin & Bullion 16 , 300 , 300 Silver Bullion .... : £ 30 , 781 , 300 £ 30 , 781 , 300 BANKING DEPARTMENT . i ' roprietors' Capi- Government Secutal ... ..... £ 14 , 553 , 000 rities ( including Rest 3 , 123 , 214 Dead Weight Public Deposits ( in- Annuity ) .. £ 10 . S 75 , 157 eluding- Exche- Other Securities .. 18 , 093 , 103 quer . Savings' Xotes 8 , 547 , 830 Banks , Comniis- Gold and Silver sioners of Na- Coin . ... 012 , 251 tional Debt , and Dividend Accounts ) ..... 5 , 590 , 545 Other Deposits .... 13 , « 21 , 452 Seven Day and ¦ ¦ . other Bills 040 , 100 £ 38 , 138 , 401 £ 3 S , 128 , 401 M . MARSHALL ,, Chief Cashier . Dated October 27 , 1859 .
"We confess to be much astonished at the Victoria Bonds , at 6 per cent ., part of a loan of . £ 6 , 000 , 000 for that colony , having , in the course of the week , found a market at 108 i . The colony has not yet 500 , 000 inhabitants ; and for 500 , 000 inhabitants ^ . £ 6 , 000 , 000 is as large a sum as £ 360 , 000 , 000 would be for the 30 , 000 , 000 population nowin this country . In Victoria , too , everything is yet to be doneroads to make , bridges to be built , and all the other instruments of production to be made , which we already possess . Moreover , the expenditure of the Victoria Government , in 1855 , was about £ 3 , 000 , 000 , or nine times as much as the expenditure of the Government of Massachusetts . No
state in Europe , in proportion to its resources , is so much burdened as the colony of Victoria ; and the lenders must still believe that land and not labour is the source of wealth , or they would not risk their money in the hands of this most extravagant of all Governments . The wreck of the Royal Charter , lamentable a misfortune as it is , will have the good effect of directing the public attention to Malford Haven , as the safest , most capacious , and best situated harbour in England for our immense communication with the Western world . But we must tell those who
complain of the delay in using it , that till railways supplied the means , which they yet do very income pletely and inefficiently , of sending goods and passengers to and from Milford Haven , from and to all parts of the empire , to use it as the harbour of our trade was not feasible . Now that railways malce it easy and cheap to communicate between Milford Haven and every part of the kingdom , we can have no doubt that it will speedily come into general use . A noble haven , and one better situated , is not in the world » but only now has it become fairly Available to our trade .
The stock market was quiet to-day , and recovered a little from the depression whiohv has characterised it throughout the week . Consols , which were done yesterday at 95 J , close to-day at 06—the same flguro aslant week , m the interval , however , they have neew tower , and generally the week has been un-° Wv £ e « ple naVQ feto insecure , they hardly know why . The expedition of Spain against Morocco ,
Prices Of The Principal Stocks And Share...
PRICES OF THE PRINCIPAL STOCKS AND SHARES AT THE CLOSE OP THE MAEKET .
• Last This Week Week
• Last This Week Week
Stocks. 3 Per Cent. Consols—Money 9oa 90...
STOCKS . 3 per cent . Consols—Money 9 OA 90 Ditto Keducod Olj 94 * Ditto New •••• D * i 94 $ S ^ ^ .:::::::::::::::::::::::::::::: | i * SS Exchequer Bills ¦ *» Canada Government 6 per cent ITew Brunswick Government 0 per cent New South Wales Government 5 per cent . South Australia Government 0 per cent .. Victoria Government 0 per cent . Austrian Bonds , 6 per cent Brazilian Bonds , 5 per cent 102 $ French RenteB , 3 per cent Mexican Bonds , 3 per cent 22 £ 212 Peruvian Bonds , 4 J per cent Spanish Bonds , 3 percent . iM Turkish Scrip , 0 per cent 774 RAILWAYS . Bristol and Exeter 100 100 Caledonian l > % 02 Kastern Counties 60 $ 00 East Lancashire Great Northern 104 103 „ Western 05 05 Lancashire and Yorkshire 08 07 London and Blnckwall 004 07 London , Brighton , and South Coast 1133 111 London and iSTorth-Western OOfr , 05 London and South-Western 90 . 00 Midland .. 10 G ) 100 North British OOj 503 North Staffordshire id Ijd Oxford , Worcester , and Wolvorhampton .. 84 A 35 South-Jflastorn 78 $ 77 South Wales 75 7 a Bombay , Barodaand Central India ..., 06 Calcutta and South Eastern id . Eastern Bengal ; . llcl Id East Indian ,.. ' , 101 } 1014 Great Indian Peninsula 084 08 Madras 84 87 Solndo ..... 20 101 Buffalo and Lake Huron 54 oj Grand Trunk of Canada , 381 304 Groat Western of Canada , 14 J 14 $ Antwerp and Rotterdam ,, 4 a Dutch llhonish -id Ih lflaetern of Franco Z 7 k 27 Groat Luxemburg' 7 a 74 Lombardo-Venetlan ia , i %% n Northern of Franco , 87 A 37 ! Paris , Lypns , and Mediterranean .. 36 $ 80 $ Paris and Orleans . , 50 " atf Southern of Franco 21 21 Western and Morfch-Woatorn of Franco 83 23
At The Meeting 1 Of The Oiwentai* Bank C...
At the meeting 1 of the Oiwentai * Bank ConponATioN , the net profits of the half-year ending June last were stated at £ 86 , « 32 , allowing the payment of an interim dividend at the rate of 10 per cent , per annum .
Prices Of The Principal Stocks And Shares
GENERAL TRADE REPORTFriday Evening . The corn market is steady , with a firm tendency at last week's prices . The supplies in Mark Lane to-day were small , and not much interest was evinced by the dealers . In Mincing Lane , too , the markets are steady—quiet , with a g ood business for consumption . Speculation has just fluttered its wing over the market , and then flown away again to rest . In Manchester and the-other districts of the cotton manufacture the markets have been dull in
the week , on account of a slackened demand from India—and continue so to-day . This however is quite temporary . Erom the hardware districts the demands are good , both for articles required at home and for the foreign markets . In truth , the general sameness of the national prosperity now makes trade reports dull . Some of our contemporaries are accordingly obliged to revive the old story of the Glasgow Uank , and excite interest by reviving the almost forgotten tale of its defalcations and mismanagement .
Railway Intelligence. The London And Nor...
RAILWAY INTELLIGENCE . The London and North-Western * Railway traffic return shows this week the extraordinary increase of . £ 12 , 273 ( making an aggregate increase of . £ 82 , 582 since the commencement of the current half-year ) ; the Great Northern a decrease of £ 698 ; the Great Western an increase of £ 3 , 080 ; and the London and South Western an increase of £ 2 , 263 . The annual meeting of the Deesibk Kailway Company was held at Aberdeen on Tuesday . The report was adopted ; a dividend of G per cent , declared , and the retiring directors re-elected . The works on the Dublin and Mkath line are being pressed forward with surpassing activity . With the exception of a few hundred yards , every inch between Navan and Kilmesson is r-ady for the laying down of the rails . The arches that are to span the viaduct over the Boyne are being turned , all the centres being raised ; ana the bridges at Assye and Grange are open for public traffic . During his recent journey to Norway , the King of Sweden inaugurated the Great Western Kailway between the commercial port of Goteborg and the Gota canal , in the interior of the country . By the completion of this last link there is now a continuous line of communication between Stockholm and the . neighbourhood of the Norwegian frontier .
Sir Samuel Morton Peto has received the concession for the Great Jutland H . ulway between Aarhaus and Struer by way of Viborg , with a branch line to Banders .
Advantages To Be Derived From The Undert...
advantages to be derived from the undertaking in which they were engaged , and promised that they would enter xipon the construction or the works as speedily as possible . In answer to several shareholders he said there was no fear of competition , ns tho Government had an interest in their success . Their capital would bo sufficient to provide tho reservoirs necessary to hold tlio water , and tho proms would pay for it . It was calculated time about 7 , 000 square yards of wiitor was rcquircci for an acre of land , but that was too muoh . bugar wanted tho mosf , and rioo next to sugar , and otlior artioles varied . Tho diroctors woro re-oloctod , ana their remuneration fixed at jei . ooo a year , riio auditors were elected , and their remuneration nxeu at £ 20 a year each , and tho secretary ' s salary was put down at < £ l < 000 a year . Tho timo lor homing their meetings was decided on , and tho court oi
JOINT STOCK COMPANIES . One of the most successful estates acquired for tho Conservative Land Society was the one in the Old Ford-road , on which whole streets , shops , a chapel , & c , have sprung up within an extraordinary short period . The Society lias secured a piece of land fronting the Old Ford liommi-road , adjoining the former property . The new estate , designated the Roman-road , is close to the stations on tho North . London and Eastern Counties railways , and within a short walk of Victoria Turk . The first ordinary general meeting of the Madras Irrigation and Canal Company was held at tho London Tavern on Thursday , Mr . J . \ . \ u : s Thompson in the chair . The report was adopted unanimously , after which tho Chairman directed attention to tho
directors reduced to seven . Tho half-yearly mooting of tho Gi . ouw Instance Company was held on Thursday at tho offlcos in Cornhill , Mr . Thorna * M . Coombs , In tho char . After a favourable statement of tho results ot t » o business of the ourront year had boon submitted , uio usual dividend at tho rate of 5 por cent , per annum ( free of income tax ) was dcolarod . _ . ,, x At the mooting of tho Royai , Mail ( West India Company which took placo to-day , tho report was
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Citation
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Leader (1850-1860), Oct. 29, 1859, page 18, in the Nineteenth-Century Serials Edition (2008; 2018) ncse2.kdl.kcl.ac.uk/periodicals/l/issues/cld_29101859/page/18/
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