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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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[^^ yy ^^ M ^ a mm A ¦ : ** r * . r ^ 'g .. ** r ^ lr . VT T HHT ^ C *^' . . * f * T ^ iy ^ r ^*^ w * * ' ^ P ^ ifcww ^ EO ******^* * ' r ^ ' ^*^^^^^ l ! other places increased . With the exception of Spain , the falling off is in no case the consequence of a decline in the number of sheep . - . This we believe to be generally increasing . It is the consequence of the people of every country in Europe requiring more and better clothing . At . present , in consequence , the growth of wool is cultivated with great assiduity in the East Indies , South Africa , South America , and Australia ; and , in some of those places , the carcases of the animals , which in densely-peopled Europe are coveted as food , are very little regarded . In many cases they are boiled down for their tallow . Ihe
¦ wool alone is cared for . Since the gold discoveries gave a £ reat impulse to enterprise , the demand for clothing has increased so rapidly that the materials , wool and c otton , have been short of the demand , and great exertions are making to increase them . The Southern States of the great American Union have accordingly begun to . talk of ; and , perhaps , to carry into effect , a revival of the slave trade , in order to produce " more cotton . In like manner , at the Cape of Good Hope , in the ' East Indies , and in than is to wool
Australia more attention ever paid growing . There is a perfect mania for sheep iarming , we are told in the Times , springing up in South America , and large as has hitherto been the growth of the wool trade , and the woollen manufacture , it -will be much greater hereafter . The multitude of Europe is very imperfectly clothed , and must have more clothing . For this end freedom is necessary , and must be had ; and thus the gold discoveries will operate to improve , first the physcieal and then the moral condition of mankind .
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Friday Evening . The money market is in a good condition . There are a good many bills , and there is a good deal of money . The terms are unaltered . The exchanges are all very firm . Gold is fast arriving , and the harvest is good ; no gold will be required to purchase additional supplies' of corn ; very soon the gold that has left London to supply the agricultural districts for harvest work Avill return ; and there are at present , consequently , more signs of continued ease in the money market than otherwise . Political uncertainties check speculative enterprise . The Bank has announced that it will make advances
during the shutting- of the stocks for dividends on Government securities on approved bills at 2 J per cent , till the payment of the dividends . Then money ¦ will from this cause be plentiful ; and there seems no ground whatever for the expectation which has been entertained that the Bank will speedily raise its minimum rate of discount . A rise may take place , but at present it is not expected . The intelligence from Paris of a further increase of the bullion in the Bank of France to the amount of . £ 750 , 000 since the last monthly return , strengthens this view . Unless somo extraordinary cirqumstances occur tho money market will continue easy .
The Stock Exchango has been dull in tho week , and tho funds have generally tended downwards . To-day there has been" more activity and wore business done , but it was not altogether of a pleasant character . An ambiguous articlo in the Moniiour , which most people interpreted to mean that there will bo a frosh war in Italy , in which the French Svill tako no part ; and the telegram from / Paris , bringing a decline in tho French Bourse , had a depressing effect on our market . Consols opened at 95 H to i for tho account , and 95 * to g for money ; and then the market became vory flat . ' Sellers were
numerous , and railways were even more affected than Consols . But boforo the markot closed there was a general rally , and things all round were something bettor than at tho opening . Consols for money wore at 03 J , and the murkot closed firm . There booihs to have been no aufflcjonfc roason for tho alarm , or it would not so soon havo boon dissipated . Tho scrip of tho Indian Loan is now up to 1 OO || , having rison fully a por cent , since tho loan was taken . The public obviously troat it as a Tarliaxnontary loan security , and tho country might as ¦ well havo had tho benefit of this view in an onhancod rate as tho takers .
Several sums of gold havo boon taken to tho Bank in tho week , but they will not all bo shown in tho accounts which follow , for those roauh only to ¦ Wednesday .
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Friday Evening . Tiube continues on tho whole vory steady . It is rather improving than otherwise . Thore is no revival of speculation , but tho consumption of all kinds of commodities continues to be large and on tho increase . Tho corn markets aro very quiet—a sign of tho harvest boingestimatod as fully sufficient to supply all our wants . The barloy crop , hovvover , is not turning out well , and as this is limited , real good malting barley not being producod in any gront
quantity out of England , bnrloy is relatively dour . Weight for weight it is fully 20 por cout . lower than wheat . For good barloy thoro is inquiry . Tho market at Mark-lano was othorwiso steady to-day , with no doolino of price . In Mincing-lime , too , the markets wore all quiet and steady , leaving tho reporter little xnoro to say than pricoa aro as thoy woro . From all tho provincial markets tho reports aonlinuo favorable ; a good business is doing at steady and certainly not declining prices ,
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Lord Palmerston has appointed Tuesday , t ! ic 2 nih inst ., to cut the first sod of the An'dover and Redbridge Railway at Romsey , The line . which is M commence at and pass through'JJrondlfinds , his lordghip ' s park in Hampshire , is to be made by tho conversion of the Andover c ; iual into a r . uhruy . It will be on the broad gauge , and the contr .-a-t lor it ? construction is taken by Air . llatU-rsloy , at t'J . iini ) : i mile , rendering it one of the ehcupMt lines i ; i England . New Russian Link . —A railway inUndc-ii t >< unite Kiev to Odessa , is in contemplation . Tiic company which has already reeeivi-d I lie prc-liinmury authorisation from the Government , i" cii ; -: ai ; v ! i ; : making tho surveys , in order to u * n . vnuin ihc ' ^'
direction to be followed . , Tjik Rail in Si-ai>\—M . Tejedu , Vii'e-prfsi . oiH of the Board of Directors of the Seville to C adiz Railway Company , and a number 'of tho superior officials of the company , lately mudo u trial tnp along the . whole line . A gruat number of pjrsuns had assembled at all tho stations , , and hailed tue engine with hearty cheers . Railways in Atjstuia . —The ( iuvorinm . 'iit is urging tho Southern of Austria Huilwiiy Compiiny construction oi
to use tho greatest activity in tho tho lino from Nabresina to Catarsa . lliis i >} viu > , which separates , tho Triosto lino from that of IW >> intevruptod tho direct transport of troops m > s " Vionna to Verona , and materially lvturcU-d V " arrival of roinforcomonts on the field " 1 bfiflK * . _ i . is said that tho fourteen regiments of gciulurincr c , which cost no less than 11 , 000 , 000 of florins a yeiu , will bo reduced to 0 , 000 , 000 , and their "I'Hinvy uicanisation will bo modified , and they will bo
Henceforth placod under tho civil administration . Jj ' itKNcm ltAiMVAYrt . —Tlio station oflliu nu \ v \ . > ; connos Railway has boon terminated within Hie <••• few days , uudforms on tho Pluco do In ¦»» MI ^ , " most imposing mass of buildings . Tho H n . ; iU * , ' ^' tlvity prevails in tho works of the railway lint » order to allow tho opening coromony , wliloii n tako place under the auspices of tho l ' ; 111 ^ 1 ' 1 ' < occur before the ond of tho uiUumn . ;\ \ , ,,,,,. the lino is thirty-flvo millions , and la ovhlonUy w " <¦ devoted to tho transporting of military h | " ^« '''" artillery fVo | n Vinconnos to Paris , rutlier Hum tout convoyanco of passengors . While on tills "" 'U ' " ' " may intorest thq British Alpine traveller l » f " ; that tho Eastern Hallway Company (« if * ™»« ' ^ "" made arrangements by which excursion t loKcia m «
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MONEY MARKET & STOCK EXCHANGE .
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BANK OF JSNGLANP . , „ , . , An Account , pursuant to tho Act 7 th and 8 th viotorln can . 82 , for tho wook ending ou Wednesday , tho 7 th tiny of September , 1 ,
8601—^ MaapMagweg ^ i h ¦ ¦ nr "' ISSUE DEPARTMENT . Kotos issued £ : JO , 445 , 1 SO ( government Debt £ 11 , 015 , 100 ¦ Jtlior Securities .. 3 , 4 ~ i ! i , D < iU •¦ ' • . . ¦ ¦ JoldCoiii&Bullionl'VJTO . ltfO , jilver JJullion .... £ . 30 , 445 , 161 ' dC 3 O ,. 445 . 1 S 0 ¦ BANKING DEPARTMENT . I ' roprictors' Capi- Government Secutul £ 14 , 553 , 000 ' ritieri ( including Rest .... i 3 , 713 , t ! 02 ¦ . Dead ¦ AVeiyjht Public Deposits ( in- Anuuity ) ..... £ * V ; - ? L-n eluding- Excho- Other fa ^ eeunties .. l ' . » , OK ., h . O quer . Savings' Xott-s ( . > , r-. ' 7 , ? -lo ISimks , Commia .- Gold and Silver _ ,,,,,, sioners of Ka- Coin . OCtV-Mtioiuil Debt , arid Dividend Accounts ) ? , ? 8 ' . ) , C 91 Other Deposits .... 13 , 007 , 400 . Seven i ) ay and other Bills 900 , 977 £ i 0 , 030 , S 70 £ 40 , 030 , S ; 0 M . MARSHALL , Chief Cashier . Dated September 8 , 1809 .
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PRICES OF THE PRINCIPAL STOCKS AND SHARES AT THE CLOSE OF THE MARKET .
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Last This . Week Week STOCKS . 3 per cent . Consols—Money • !'• % '•'' . '» Ditto Reduced ' ' - "' A ^ Ditto Kcw ' ' <¦ ' ' - >» & Bank Stock - * - India •• . Exchequer Bills -. i . Vi tit Canada Government 0 , per cent ll-i 11-i New Brunswick Government 0 per cent ; .. m 1104 New South Wales Government 5 per cent . < Jf % - « . »' . ) $ South . Australia Government Gper cent .. 110 10 L > Victoria Government G per cent , 109 Austrian Bonds , 5 per cent , Aoi V ? v * Brazilian Bonds , 5 per cent ¦ l'Wff l . l « _ French Rentes , 3 per cent ••¦ OS . ' . 'O O'J . S Mexican Bonds , 3 per cent wg JiOJ Peruvian Bonds , 4 J per cent .. !) li Spanish Bonds , 3 per cent . ' .. 4 j | ^ C'i Turkish . Scrip , G per cent c- ^ i S 4 RAILWAYS . Bristol and Exeter • 07 * 0 . ^* Caledonian .. .... •• ¦ .. . . ^ J | J- ^ 'i Easteiii Counties . •> ,. ¦ <> ' $ * East Lancashire . 'J . » .. Great Xorthern . ' l' «* . I ' . ' - 'i * „ Western- ' <> ° S •'"* Lancashire and Yorkshire »•' ¦ > ' . ' ^ . t London and Blackwall <> o * 00 London , Hrii-rlitoii , ' and South Coast ....... 10 ' . » . i + 1 VJ London and North-Western l » 44 * 1 ) 41 * London and South-Western !>' - ' . ? i' - 'i Midland 1 ^* iwf * North Urilish . ' .... C'U < W North Staffordshire -ihil -JAd <) xforcl , Worcester , and Wolverhnmpton .. Mi : y ~ £ South-Kastern , . ' .... 7 " 7 7 ^ South Wales 03 < ' 3
Bombay , Bavoda and Central India " 17 17 Calcutta and South Eastern ^ p ii > Eastern Bengal 3 d Jii East Indian lOOjt 101 Great Indian JLVninsuln . l > ci ' . ' -: { Madras > l () ' . 'o Sctnde * '' > ^ 0 Buffalo and Lake Huron ' 5 Grand Trunk of Canada .................. 3 . i H . "> Great Western of Canada 1-l ft 1 o Antworp and Rotterdam . . » 4 j { -1 ft Dutch Rhenish 6 ; d fiHd Eastern of Franco 25 . s >( U Great Luxomburpr dft * ( U * Lombardo-Venetian ~' i }]) y « p Northern of France .. ; 37 « 7 J l ' arls , Lyons , and Mediterranean 35 8 . > Paris and Orleans 55 05 Southern of Franco . " ' . , ! i () . i yoj Western and North-Western of Franco .. ' .. Sitl
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* ox . dlv .
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GENERAL TRADE REPORT .
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RAILWAY INTELLIGENCE . The traffic returns of the railway ' s in the United Kingdom for the week ending the 27 th August amounted to . £ 542 , 410 , and for the corresponding week of 1 S 53 to 4 : 503 , 770 , showing an increase ot ' £ 38 , 040 . The gross receipts of the eight railways having their termini in the metropolis amounted for the week ending as above , to £ 2 : 3 : 5 , Gi > 7 , and ibr the corresponding period of last year to , £ 21 G , 9 S 7 showing an increase ' of £ 16 , ( 540-. Tli . e receipts on the other lines in the United Kingdom amounted to £ 308 , 783 , and for the corresponding period of 1 S 38 to £ 2 Sr > , 733 , showing an increase of £ 22 , 00 . 1 . ) on tho receipts of these lines ; to which must be added tho increase on the metropolitan lines , making the total increase , as compared with the corresponding week of last year , £ 38 , 640 .
With reference to the ' proposed lease of the Lancaster and Carlisle Railway to the London and North Western Railway Company , the secretary of the former company slates that the ' powers contained in the company ' s Acts are amply sufficient without any further application to Parliament . Two more projects are oil foot for public works at the Cape of Good Hope . One is the "N ' ynberg Railway , with' a proposed capital of £ loi 5 , Ot )( i , a guarantee on which from the colonial parliament is hoped for . The second is the Simon ' s Bay'Dock or Patent Slip Company , the capital of which is . iixc . 1 at £ 00 , 000 . In each case the deposit is limited to 2 s . per share ;
The half-yearly , meeting of shareholders in the Great Western Railway of Canada is called for the 5 tli of October , in London . The works on the Victoria-bridge are being rapidly ¦ puslied forward , and the structure will soon be completed . The American journals also rcportlh . it the Panama Railroad Company have confirmed the action ot their committee in purchasing tho ' Collins line or steamers , and the vessels will commence running in the Californian trade . next month' .
The seventh ordinary general mooting of the shareholders in the Scixde Railway ,. In . di , s Sxi :. \ m Flotilla , and Puxjauij Railwa . v , will bo held at the offices of the company , Gresham House , Old Broad-street , London , on Tuesday next , at one o ' clock . The election of an auditor will take-place , in consequence of the resignation of Mr . Alexander Mackenzie . The transfer books of lhc . \ company will be closed to the 13 th September .
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iO 4 .- > THE LEADER . [ No . 494 . Sept . 10 , 1859 .
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Leader (1850-1860), Sept. 10, 1859, page 1042, in the Nineteenth-Century Serials Edition (2008; 2018) ncse2.kdl.kcl.ac.uk/periodicals/l/issues/vm2-ncseproduct2311/page/22/
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