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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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Friday Evening . The money market is easy . Bills are negotiated at 2-l to 2 h per cent . All the banks have plenty of money , and men of business of good character can get it at the above rates . As yet the two loans announced last week have had no effect on the market , and it is therefore supposed that both will be placed without difficulty . . The exchanges continue favourable to this country , and have not undergone any important change . Moneyed men , like the members of Parliament , have fled from the metropolis , and all business is , therefore , limited to immediate wants . Speculation is suspended .
The Funds have been in the week generally steady and quiet . To-day Consols opened at 95 £ to % , and advanced to 95 if for money . The prices from the Paris Bourse came somewhat improved . Money is abundant , confidence , in consequence of the wise measures adopted by the Emperor of the French is increasing , and the Funds were favourably influenced by all these circumstances . The market closed very firm . . AH kinds of railway shares and other English stocks bear the same character . Though there is not much doing , the market , for all these securities is firm and improving . Midland railway shares , next to those of Brighton , are the favourites , and they are 105 £ to % . These securities feel the general increase of business , and will improve with it . We subjoin the Bank returns : —
BANK OF ENGLAND . An Account , pursuant to the Act 7 th and 8 th Victoria cap . 32 , for the week ending on Wednesday-, the 17 th day Of August , 1859 : — . ISSUE DEPARTMENT . Notes issued £ 30 , 859 , 605 Government Debt £ 11 , 010 , 100 Other Securities .. 3 , 45 « . ) , 900 Gold Coin &Bullion 10 , 381 , 005 Silver Bullion ....
——£ 30 , 839 , 605 £ 30 , S 5 !) , 005 BANKING DEPARTMENT . Proprietors' Capi- Government Secutal . .... £ 14 , 553 , 000 rities ( including-Rest . 3 , 440 , 202 Dead Weight Public Deposits ( in- Annuity ) £ 11 , 200 , 003 eluding Exche- Other Securities .. 18 , 2 » l , 0 l ) 0 Su er , Savings' Notes - 9 , 183 , 465 ianks , Commis- Gold and Silver sioners of Na- Coin 024 , 542 tional Debt , and Dividend Accounts ) 0 , 229 , 330 Other Deposits .... 14 , 210 , 400 Seven Day and Other Bills 845 , 733 J £ 3 Q , 3 O 8 , 7 !) 1 £ 39 , 308 , 791 M . MARSHALL , Chief Cashier . Dated August 18 , 1859 .
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The produce markets of Mincing-lane are quiet . Sugar is dull , and to effect sales lower prices were accepted . Coffee is more in demand , and the market is firm . There is no business doing in tea , but the holders , convinced that the supply will be comparatively short , will not lower their terms . Rice is rather firmer . On the whole , however , these markets are not active , but there is in them a good ordinary business . rriu « ¦^¦ mn . A ^ -. nn . mn > 1 » . t < i MinntnirJanb « n » A nilif » f ;
are regulated by general circumstances , and removed from the category of caprice . The public , ¦ th erefore , may bo considered to bo in fault when it Buffers very much from uncertainty in the conduct ofprinces . At present only this is doubtful ; nil the material elements of trade aro certain nml abundant . The harvest now gathered in through a great part of Europe is generally good , Our own corn markets nave been aflfeuted in tlio woek by the doubtful weather , arid lmvo been firm . To-day , at Murklano , corn fetclted prices somewhat higher thnn thoae of last market-day . They aro so low they will boar a little improvement without inflicting injury on any one .
¦ There is good , substantial business carried on throughout the country , but confidence is not sufficiently restored to give rise to speculation . The monied man aro rather inclin ' cd to hold what t \\ ey have , than fish with it for more . Men of moderate means , who require to make money to live , and who need the co-operation of the others , find themselves somewhat baulked ; but ovory day seems to supply reason for increasing confidence in the rulers of Europe . They all show themselves more and more , as the Tunes has remarked of Louis Napoleon , sensible to public opinion , and in proportion as their proceedings aro influenced , by public opinion they
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PRICES OF THE , PRINCIPAL STOCKS AND SHARES AT THE CLOSE O 1 T THE MARKET .
RAILWAY INTELLIGENCE . The Buokwall Railway Company has declared a dividend at the rate of 2 / . 15 s . per cent , per annum . The half-yearly dividend at the meeting of the Roystuk and Hitcheh Railway Company to-day was 21 . 16 s . 2 d . for the hist half-year , after the usual deduction for the expenses of manngement . The East * Kent Railway Company is henceforth to be designated the London , Chatham , and Dover Railway Company .
At the half-yearjy meeting of the Noivjcuern and Eastern Railway Company , the report stated that the dividends for tlia half-year- ending 30 th of Juno last , on the 5 per cent , and 6 per cent , guaranteed stocks of the company , would bo payable to the proprietors on and after the 25 th instant , less incometax . The capital account showed that 962 , 274 / . had been expended . On the motion of tho chairman , a formal resolution , declaring the dividends , was passed . The retiring'directors were ro-olected , and tho proceedings terminated with a vote of thanks to the directors .
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Tins mooting of shareholders of tho Bank of Egypt was hold on Tuesday . Tho chairman , Mr , Tite , M . P ., ascribed the unfavourable result of tho bank ' s operations fur tho last half-year to the chock which has boon given to trade in tho Levant , combined with the fluctuations in the exchange , It appears that the establishment has advanced 100 , 0002 . to tho l ' noha of Egypt , ' and tho interest upon tliia sum lias boon paid with punctuality . Considerable discussion followed , turning mainly upon tho largo amount of tho current expenses in Egypt and
Lon-, ment in Egypt . The board express their continued belief in the success of the bank . The directors ' report was ultimately adopted . The half-yearly meeting of the Genekal Iron Scbew Collier Company took place on Tuesday . It appears from the report that the directors have been unable to dispose of the company ' s vessels . The clear profits of the half-year have reached 6 , 806 / ., being at the rate of 15 per cent , per annum upon the capital . This sum the directors recommend to be appropriated to the payment of II . 10 s . per share in reduction of the share capital . After some discussion the report was adopted .
At the meeting of the proprietors of the Bank of Australasia a report was presented which stated that the business of the establishment was proceeding satisfactorily , but that the profits of the current year had diminished ; neither could the proprietors be encouraged to look forward to such large profits in future , owing to the competition in banking , the allowance of interest on deposits , and other causes . The chairman said that , although their future profits might be diminished , they must bear in mind their prosperity during the last five years . Since its establishment the company had paid back to the proprietors their capital , besides adding . 200 , 0002 . for a reserve fund , and paying 50 , 000 ? . to the Government in income tax . The directors were still able to continue the dividend
and bonus , at the rate of 20 per , per annum , which the proprietors could receive in October next . The discussion was very brief , and the report was passed unanimously . At the Court of Bankruptcy to-day an order has been made granting permission to the official liquidator appointed to wind up the affairs of the Metropolitan Saloon Omnibus Company to carry on the proceedings at an arbitration pending between that and the London General Omnibus Company . Considerable assets , it is said , are expected to result from the award of the arbitrator . ,
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Canadian Railways . —At Kpgstown , the dam of the last pier of the Victoria bridge has been pumped dry , and the pier is being pushed rapidly forward . There seems to be no doubt of the bridge being completed this fall . The receipts of the Grand Trunk Railway , for the week ending July 23 , were 37 , 434 dols ., against 36 , 267 last year ; the receipts of the Great Western , for the week ending 26 th July , were 26 , 636 dols ., against 28 , 337 last year . ASiono the more novel applications of indiarubber shown to us by Messrs . Alfred Ridley and
Co ., is a door-mat made of transverse india-rubber bars , acting at once as scraper and mat . The material ha 3 also been applied to the making of scrubbing brushes , in which it is expected to be more durable than the old materials ; hut the doormat is the more obviously successful . In the same house , we have also seen a very simple and ingenious adaptation pf this tractable substance * patented by Messrs . Craft and Wilson , which will be of the greatest practical use for those who arc condemned to the troublesome and irksome duty of travelling
with very young children . Nickel Coinage . —In relation to contemplated alterations in our smaller coins , a correspondent points out that a nickel coinage has been employed for more than ten years in Switzerland , and more than two in the United States , lie also alleges that while nickel is perfectly distinguishable from silver , it has been found in practice to possess in a superior degreo all the advantages of bronze , and that it is less cumbrous , and at the same time harder , so that the impressions would be more durable . Nickel is about being adopted for tho lowest denomination of coins in Belgium . * ¦ . . „ , _ , Trade in South America . —Advices from valpuraiso state that tho demand for goods by purchasers from tho interior of tho republic had been comparatively good , ond many flrtioJos previously out of stock having been supplied by "late arrivals from Europe , a greater animution was manifested . From l ' eru and Bolivia tho demand continued limited , owing to tho depreciated value , of tho Bolivian coinage , and the consequent unfavouraWo rate of exchange . During tho fortnight flvo vossels arrivod from Europe with assorted cargoos i two from Jtfow York , and ten from Piinifln nnrts . with lumber and produce .
Cotoon From West Afiixoa . —Advices from the oastorn districts of tho Gold Coast , under dato of tho Oth instant , inform us that , at tho town of Kporug , on tho bunks of tho river Voltu , there had boon collootod four tons of cotton , and that two tons more woro on thoir way to Kporug . Other accounts of a lator dato speak of tho largo quantities of this article * that aro likoly to bo shipped to England , now that tho natives have been tnuglit to know that it la vuhmblo . , There Js now no doubt whatever but that tho Gold Coast will become a cotton exporting country . — Cotton Supply Reporter .
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Last This Week Week STOCKS- , 3 per cent . Consols—Money 05 * 95 * Ditto Reduced ., ( . > 5 | 95 J Ditto New ' -te e . W K ^ .:::::::: ; ::::::::::::::::::::: ' S- 1 % Exchequer Bills ^ 20 J Canada Government 0 per cent . ll ^ i * il * i New Brunswick Government 0 per cent * .. .. New South Wales Government 5 per cent . 9 i ) J 99 * . South Australia Government 0 per cent .. 110 110 Victoria Government C per cent 110 * 111 Austrian Bonds , 5 per cent 77 i 77 Brazilian Bonds , 5 per cent ... } , ~ n ,. X \ n French Rentes , 3 per cent C 9 . / 0 OS . 90 Mexican Bonds , 3 per cent ... * 1 » £ Peruvian Bonds , H P er cent • • • - 9 ~* y : { ? Spanish Bonds , 3 per cent . 32 f Turkish Scrip , ( 5 per cent 80 & S 3 RAILWAYS . Bristol and Exeter .. 90 . 9 ? Caledonian •••¦ *?;» b- > Eastern Counties •>' . £ oS East Lancashire" 90 Great Northern J 02 . 101 * „ ¦ Western ••• 59 J 5 Sf * Lancashire and Yorkshire 954 05 . London and BlackwaH .... .- ¦ .. 65 * . Oofr London , Brighton , and South Coas t 109 * 10 s ) Loridouand North-Western .......... 03 S 94 J London and South-Western - ' 93 * 91 i Midland .. ; 104 $ 105 J North British 57 f 58 North Staffordshire 4 i . d 13 Oxford , Worcester , and Wolverhampton .. 32 32 South-Eastern ..... 7 * 3 75 South Wales ...., 03 03 Bombay , Baroda and Central India ... ... 17 17 Calcutta and South Eastern . £ p Eastern Bengal 4 gd East Indian JO 0 100 Great Indian Peninsula !> 7 J 98 Madras ... 90 90 Scinde 19-i lt » i Buffalo and Lako Huron 5 5 Grand Trunk of Canada 34 * 3 < li Great Western of Canada 14 £ U } Antwerp and Rotterdam ... 4 $ 4 $ Dutch Rhenish 5 Jd 5 jd Eastern of France 20 2 ( 5 Great Luxemburg' ¦ 0 £
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GENERAL TRADE REPORT .
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MONEY MARKET & STOCK EXCHANGE .
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donand upon the means of improving the manage-No . 491 . Aug ^ ISSQ . ] THE LEADEE . 969 """ ^ ""^ ^^^^ ¦ ¦ ¦ r \ F doll , find UDOI 1 the D 10 Rn 9 Of lninrovinff tlie Tnann . oro .
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l . _ ., _ the best xniniBter for trade , and we hope ^ therefore , ere long , to see Mr . Cobden engaged as a Cabinet minister in reducing taxation .
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JOINT STOCK 0 OMPANIE 8 .
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Citation
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Leader (1850-1860), Aug. 20, 1859, page 969, in the Nineteenth-Century Serials Edition (2008; 2018) ncse2.kdl.kcl.ac.uk/periodicals/l/issues/vm2-ncseproduct2308/page/21/
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