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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.
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cent : per armiita , which has been joyfully aece ^ d ^ to by the shareholders . The high interest gained by the shareholders : of the jpinttstock banks is only , a reward for the integrity -with which they , are conducted . It is . in truth , an exemplification , on a large sca £ r integrity and skill appropriately rewarded . They have f * ained because they have deserved the confidence of otlieis . By confidence which is more valuable than capital , and supplies its place , they ^ are enriched j they carrv on their business with very little capital , and the less they have , provided they deserve and obtain confi dence , the better . All men may be pleased , the poor as well as the rich , at the confirmation which this fact supplies . That in man himself , and not in accumulated wort , which may be as useless as that old fort at Hull , now to be sold and pulled down—making the Huinber secret of all
ahore available for commerce—lies the source success ; not capital / which the millions may in vain sigh for , but integrity—winning confidence which everyone can practise—secures large pecuniary rewards . The effect of the peace on the Stock Exchange has been a general improvement in the nature of securities . In Paris the rise has been very considerable . Here some doubt as to the consequences still perplex people , and there has not been such a gust of confidence as in Fans . Nevertheless , the general tendency has been upwards . To-day Consols opened at 95 ^ for the Account , and went to 98 * , sellers . Then the telegrams from Paris brought a little retrocession in the price there , and Consols at the close were 95 | J . Other securities are rather flat , without any marked alteration in price . A great improvement is noticed in the half-yearly returns of the French Kailparticularly those which run to the south .
ways , The average increase as compared to the first six months of last year is not less than 20 * 9 per cent ., -while our railways have only yielded an increase of 5-64 per cent . These large gains of the French railways paid out of the public revenues will have ., with other gains , to be Subtracted from the cost of the war to the French nation . There was no demand for money in our Stock Exchange to-dayj business not being very active , and the accounts of the speculators being tolerably evenly balanced .
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PRICES OF THE PRINCIPAL STOCKS AND SHARES AT THE CLOSE OF THE MARKET .
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J 3 ANIC OF ENGLAND . An Account , pursuant to the Act 7 th And Sth Victoria cap . 32 , for the week ending on Wednesday , the 13 th day of July , 1859 : — ISSUE DEPAKTMESr . Notes issued £ 31 , 813 , 053 Government Debt £ 11 , 015 , 100 Other Securities .. 3 , 450 , 000 Gold Coin < fc Bullion 17 , 338 , 055 silver Bullion .... £ 31 , 813 , 005 £ 31 , 813 , 055 BANKING DEPARTMENT . Proprietors' Capi- Government Sccutal £ 14 , 553 , 000 rities ( including-Rest .......... 3 , 275 , 054 Dead Weight Public Deposits ( in- Annuity ) . , £ 11 , 420 , 680 eluding- Exche- ' Other Securities .. 17 , 802 , 911 quer , Savings' Notes 10 , 100 , 525 Banks , Coinmis- Gold and Silver sioners of Na- Coin 603 , 736 tional Debt , and Dividend Ac- ¦ ¦ counts ) ..... 4 , 871 , 703 Other Deposits .... 16 , 364 , 70 § Seven Day and , . other Bills S 63 . 207 £ 30 , 027 , 852 £ 30 , 027 , 852 M . MARSHAL ! ., Chief Cashier . Dated July 14 , 1859 .
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Foiuuai , notice is given of the transfer to the Accidental D . ISATH Assurance Company of the business of the undermentioned companies , viz . :-r-Tho Railway Assurance Company , tlie Maritime Passenger' Assurance Company , the Marine and Genoral Travellers' ; Insurance Society , and the General Accident and Compensation Insurance Society . . The half-yearly meeting of the Ujn'iqn Bank of London passed uff very eastisfaqtorilj ' . The dividend and bonus now declared in addition to the payments
tibriing . In answer to a question it was stated that the amount reserved to cover doubtful contingencies is 70 , 000 / . ' . . The half-yearly meeting of theSooTTisH Australian lNVJS 8 i > MENr Compant is " called for the _ 29 th instant . „ , - »« - ~ . A second special meeting of the Mu > und Counties Insurance Compantt is called for the 27 th instant ., to approve ( or otherwise ) the proposed purchase of the fire business of the Kent Mutual Insurance Society . . tSnnSnrr Tn otwwM tf » A O-UestlOn itwaS Stated that
made In January last ; were at tho rate of 15 per cent , per annum . After the distribution of the above amounting to 45 , O 0 Of . and the application of 45 , 0001 . to the Reserve Fund , which would bo thereby augmented to 210 , 0001 . there would be an unappropriated balance of 1222 , to be carried to a now account . This large increase pf the reserve had enabled tiro directors to capitalise a portion of it ; and they anticipated being able to pay a dividend at the saino rate on the enlarged paid up capUal of 720 , 0 Q ( H The report was agreed to unanhnputfly .
At the meetiqg of the Union Wank ow Ausxjrama , the report announcing a dividend for the paao half-year of 8 per conk , equal to 10 per conk per annum , freeofincorao-tax , was adopted unanlaiouwly , In the course of a short discussion it was stated that , although the profits havo boon loss than on previous occasions , the bank has never boon in a higher or more satisfactory poelttun than at present , The losses h » yo been scarcely worth mon-
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At the half yearly meeting of the London ani > Greenwich Ra . ii / svay Cosipant the accounts were read , showing an av ailable balance in favour of the proprietors of £ 11 , 912 7 s . 4 d . out of which the directors now declared a dividend of 5 s . 6 d . per share on the ordinary capi tal , which is at the rate of £ 1 7 s . 6 < L per cent . The accounts having been passed , the meeting adjourned , A preliminary notice has been issued of the Citt , Thames , and West End Bail wax , an undertaking which is proposed to be carried out by a capital of £ 1 , 250 . 000 , in 125 , 000 shares of jE 10 each , thelength of the new line required being about nine inil < es . The route proposed is fromthe City side of London-bridge ,
via the Middlesex foreshore of the Thames to Blackfriar . s , CharingCioss , Westniinster , andrimlico : thence by way of Chelsea , Belgravia , Brompton , Kensington and Notting-hill , to the Great Western Railway at Paddhigton , and to tlie North Western Railway at Kilburn . The project is proposed on the ground of the inoperative necessity of facilitating intercommunication between the distant parts of the metropolis , and for affording that relief to the overcrowded traffic which already interferes with the-ordinary progress of every -day " life . The scheme merits consideration , as it will involve a system of east-iron sewage drainage , acd- effect , at a comparatively economical cost , the operations to be followed out by the Metropolitan Board of Works .
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The Argo . —The' loss of the steamer Argo , of 2 , 315 tons register , anil 500 horse-power , will fall upon Lloyd ' s to the extent of 3 P , OO 0 Z ., and upon insurance offices for a further sum of 10 , 0002 . The Argo was origina lly built for the defunct General Screw Steam Shipping Company , was afterwards transferred to the European and American Steam Company , and finally became the property of Mr . Howard , of Manchester , by whom she \ v » s lent Jo the Atlantic Royal . Mail Steo , m Company . Salvage . —Advices have been received from Suez that 550 bales of . silk , worth about ; 50 , 000 / ., have been saved in good condition from the wrecked steamer Alma , and placed on . board her Majesty ' s steamer 'Furious , which left Moorshedgerah for Aden on the 24 th June . Much of the baggage had likewise been saved and forwarded to Aden .
Jlisitmxos . — -The JVbrt / icrn JEtisign , of Thursday , says : «— " Our curly fishing continues with encouraging 1 success . Last night 80 boats went to sea , and have returned with an average of at least three crans ; highest fifteen crans , price 15 s . per cran . Yesterday ' s prices ranged from 16 s . to 21 s . per cran The weather is so very mild and clear , and the nights are so short , that , but for a large body of fi $ h being on the coast , there could not have been such . a genoral and good fishing . The total catch to this date is about 470 crans , against 2 G 0 in 1850 , nnd nil in 1857 and \ SB& . About forty boats were out last night from the Lybster distx-ict , and have from one to five crans , average ' two , price 13 s . to 15 s .
New Tjjxbqbajmuo Cabwbj , —The work of laying the cable between Weybourno , in Norfolk , and Tonning , in Denmark , was commenced on JUondny by the steamor William Cory . It was anticipated that the rest , making in all 350 miles , would be laid to Heligoland by Wednesday night , and tliat complete tologropliic communication with Denmark would bo established yesterday . Hevkkuio D wautments , — -Estimates for tlie effective and non-eiFec , Uvo departments of tho xovonuo for the year 18 fly , ending March 81 , 1800 , havo boon issued . The customs estimates for 1858 arp , £ 849 , 285 ; and for I 860 , ^ 2857 , 155 ; showing an increase of £ 7870 Tho inl
,. and revenue for 1858 , ^ 1 , 302 , 258 ; for 1859 , £ 1 , 8 *« , 8 G 4 ; showing a decrease of X 12 , 394 . The Post Office estimates for 1858 , UJ 2 , 02 « , (> ai . f for I 860 , # 2 , 051 , 218 : showing on increase of 4125 , 182 . The estimates for 1858 , of the superannuation departments was 42485 , 575 ; for 1859 , . £ 481 , 221 : showing a dcorenso of £ 4 , 354 . Tho total estimates for 1858 were £ 4 , 7 ! i 3 , 14 U j fjr 1859 , £ 4 , 739 , 453 i showing an increase in 1859 over 1 , 858 of filQ , ilQ 4 . We are informed frqjn trustworthy sources that some Englishmen have taken up the administration of the estates pf his I $ ghnos 8 II Hama a ' agba , son of the hup Viceroy of Egypt . The estatos are pf immenao value , aliout 150 , 000 fellaliB being employed .
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_ , fridayi Evening . TWBn » ls a ** uncertainty yet about tlie peace which ohecks £ P W » ttw > B yef Itha& . been , bo cordially welcomed in yorla by all tho mercantile classes , and welcomed , though with flftwfcte ! M Owwanyy ( that our rearketa hare all « tenwnsy tobwproyojneut . Stocks of colonial produce are ft ^ d wWh liwjwftwd ' fljp wttew , thWKU , w « havenoj'taa of
price to notice . ¦ Business hxrthe : manufacturing district ^ is preparing to he active rather-than as yet much improved , but the peace has generated hopes of improvement . From the Continent we hear favourable reports ot the harvest , and the weather : is here everything we could wish , promising us a very early , which is generally a very good , harvest . Consequenwy the corn markets , m . spite of the disease amongst the potatoes , which is nowrecognised to be very general , are very dull . Farmers are too busy in their fields to send great quantities of corn to market , and the quantities they do send generally fetch a lower price . A good harvest is a great encouragement to trade , and the . autumn-of 1859 , now that an end is put to the bloody strife in Italy , may yet be extremely prosperous . In industry , skill , and propitious weather , there are all the elements of prosperity ; and now that a good use can be made of them , we may see reason tor believing that trade generally will be rapidly extended . _ , .. . ___ . _
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MKHRAZi TRAJ > E BJEPOET-
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FROM THE LONDON GAZETTE . Tuesday , July 5 . BANKRUPTS . John Large , Medttay Mill , Boxley , Kent , miller . Henry Smart ; Tichborne-street , Hayrnarket , dealer in pictures . William Tweeddale Miller , Devonshire-square , City , general merchant . William Newtli , Cradley Heath , Staffordshire , miller . John and Samuelltinamington , Kingston-upon-Hull , tea dealers . Joseph Herthan > Sandbach , Clieslare , silk throwster . Friday , July 15 . BANKttUrTS . Thomas Isaac James Sloper , St . Marylebone , oilman . Alfred Bower Bleukarn , Fenchurch-street , City , merchant . Thomas Robert Dobson , Colchester , tailor and draper . Henry Oppenbeim , Old-street-road , timber merchant , SCOTCH BANKR DPT . George Gallic , cabinet maker , Leith .
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JOINT STOCK COMPANIES .
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RAILWAY INTELLIGENCE .
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^^ - ' triatB . < L ^ APJE R , fNo . 4 Q 6 . tTuLY i 6 , 165 9-^^^^ t * 'Sii ''''''' Smmmm » tmmm ^ mm ^^ mi ^ mmmi ^ mmm ^^^^^ ^^^ ' ^— ¦ . j > i : i'
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Last O ? hia Week Week STOCKS . 3 per cent . Consols—Money Ditto Reduced 9 * i 95 J Ditto New 04 * 96 Bank Stock 221 * 223 India -.- . . 221 OBxchequer Wills , •¦¦•• < & *® Canada Grovernment 6 per cent . New Brunswick Government 0 per cent . .. .. . .. New South Wales Government 5 per cent . South Australia Government 0 per cent Victoria Government d per cent * .. Austrian Bonds , 5 per cent , BraziUan , Bpiwls , 5 per cent PremcljiORlentes , 3 per cent .. Mexican Bonds , 3 per cent . .. 19 \ Pernvian Bonds , 4 J per cent Spanish Boada , 3 per cent Turkish Scrip , 0 per cent .. , .. 84 RAILWAYS . Bristol and Exeter ..,.,... 05 07 Cftledoniau .. - 80 85 Eastern Comities .,.... .. - , 61 ft CO JJastXancualjiro 024 » 0 Great Northern . ' . 101 ioo „ Western ,.:....... " ... 60 6 « j Lancashire an 4 Yorkshire 03 $ 07 * London and Blackwall ' 05 . 6 V * Londop , BrigliUjn , and South ( Joaat ....... 112 \ yjx Xiondouaud ^ orth-Westorn .... 0 » S ml London and South-Western 03 * 97 midland 100 * Wi North British 65 | J 8 North StafTordsblro ...................... 13 |} JHd Oxford , "Worcester , and Wolverhnmpton .. 32 M South-WaatorM 00 ft ?•» ^ QU th Wales . 01 03 Bombay , JJarodaand ConjbralIndia .,., ... 17 X 7 i Calcutta and South Eastern par Eastern Bengal .,. lfld M gast JndAwi 102 1 O 2 A reatIndianPewinsula 084 100 Madras ,....,.. < te -os Solndo f ., 10 J 20 Buffaloancl Lako Huron < ..... 5 51 Grand Trunk of Canada 80 30 Great Western of Canada , lf >{| io Antwerp nn < l ltottordam , , 4 « A DutohKlxonlsh ,. old did Eastern of franco . , 25 2 S Great Luxomburg , 04 7 X , ombardo-Vonotfan ., 4 d ll Northern of Franco ,.... 87 * Wi Xtortai Lyons , and , MeditorrAnoan a-i 35 PAUiaandOrleans , fil ( jfi Southern of Franco IDA * S 1 A Western ftndNprth-WoBtcrn of yrnapQ .. Si aa
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Leader (1850-1860), July 16, 1859, page 850, in the Nineteenth-Century Serials Edition (2008; 2018) ncse2.kdl.kcl.ac.uk/periodicals/l/issues/vm2-ncseproduct2303/page/22/
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