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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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last week , tHe value of the woollens and worsteds exported bad increased between 1829 and . the average of the last tbree years nearly threefold . In the same interval the value of cottons and cotton yarn exported has increased only from . £ 17 , 394 , 583 to £ 40 , 102 , 495 , or not two-and-ahalf fold . The per centage increase of woollens and worsted exported is , 170 of cottons , and yarn 133 . Mixed fabrics , of which we have no discriminating return to tell us of the quantity of cotton and wool used in them , may alter in a slight aegreetnese proportions , but there can be httle doubt that the progress of the woollen manufacture since the restrictions were removed from the trade , has . been more rapid even than the cotton manufacture , Xne following are the exact figures o £ the declared value of the cottons exported m 1829 and 18 &s : — ^^ llS ^ ^ £ 3 , ^ 39 **> ' Tether .... ^ . „ , ***»** 8 , 028 , 5 ? 5 ?* S— ¦ 30 372 831 8 700 589 .- IS : ; :: Sg £ S- ; *<*»« " > 93 , 998 , 840 26 , 308 , 6 ^ 3 31 , 332 , 947 8 , 769 , 548 Together .... 40 , 102 , 495 Increase since 1829 gW ^ Cotton is the product of most tropical countries , and of countries near the tropics , or may by labour be obtained in them . Our chief supply , to the extent of nearly eight-tenths of the whole , is derived from the United States . JLt is not supposed that the soil and climate there are more favourable to its growth than other places , but being equally favourable the energy of the Americans , and the invention of machinery to cleanse the cotton , have given them almost a natural monopoly of the European markets . Considerable quantities * however , are imported , from the East and West Indies , the Brazils * the countries on the Mediterranean , and other countries . We copy the quantities imported for the last three years from the different places , in order to show the proportions .
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From all these countries , then , the supply varies , and it is generally noticed that in proportion as it is small from the United States it is large from other countries . The States command the market , and , as the rule , when the crop is short better it
there , and the article commands a price , becomes additionally advantageous to ' importit from other places . The wide range from which tins' bulky article may be and is profitably imported , together with the continually increased simply , gives us a pleasant prospect for the future , in truth , all such raw materials being the product of labour , there is no bounds to the supply . Wool is : the prqduct of a still wider range tfian qottqn , and everywhere , as countries are peopled ; the neoessi < iy v x > f food seems * to ensure , a continual increase of , woolbewing animals . Wo hold , therefore , that the
many apprehensions continually expressed we find of their , being a ; . want of . raw materials for our fabrics are quite unfounded ^ Individual manufacturers very naturally desire to have these materials abundant and at a low price , but it is not for the interest of the public at large that these should be comparatively lower in . price and-more abundant than other commodities * They are clearly not more important th . an food , and political measures to promote the production of them , cannot fail ,, however
well intentioned , to impede the production of other things equally useful , and derange the natural relation ^ of supply and demand , by which all production is regulated and fairly remunerated . We deprecate all such apprehensions as leading toa desire for Grevermnent action , which never is applied to trade without creating disorder . The apprehension at presentj encouraged we regret to see by very respectable writers , is , lest our manufacturers should want raw materials . Formerly
the apprehension was , that food would be : scarce , and which wa& the pretext for giving the landlords corn laws ; and now similar apprehensions , if we be not on our guard , will be made the pretext for giving the manufacturers laws to promote the growth and supply of raw materials . To . make trade the object of political encourageinent is to excite national jealousy and rivalry , which cannot arise from the mere success of individuals . Naturall y * trade is wholly independent of political relations , "¦ and ; to "draw it within them makes it obnoxious to national envy and political hostility .
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MONET MARKET & STOCK EXCHANGE .
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Friday Evening . Mojtex continues plentiful , and the market is easy . The terms on which the best bills can be discounted still continue a fraction below the Bank rate , and as long as this is so the Bank rate is not likely to be enhanced . It continues to receive bills , but the demands on it are not extensive . The Money Market being easy the funds have continued tolerably steady in the week . They were firm to-day . The scrip of the Indian Loan continues to bear the high premium of 3 per cent . Gold is going into the Bank , and will be recorded in the accounts which we publish below .
The important news from China in the week , had no other effect in the Money Ma ' rket than to cause a slight decline in the funds , which was soon recovered . For the moment it was supposed that it might check the flow of silver to China , but this notion was at an end when it was asserted that the quarrel between the Governments is not to interfere with the trade between the Chinese and the English .
It is a singular circumstance that while the war was formerly carried on the trade continued , and our people , with the general approbation and certainly with the consent of the Government , contributed to nourish the Queen ' s enemies . They even collected for the Chinese Government the revenue which was employed to resist our approach to Pekin . Will this very curious anomaly be repeated ? Will the English merchants , trading to China with general approbation , commit treason .
BANK OF ENGLAND . An Account , pursuant to tbe Act 7 th and 6 th Victoria cap . 32 , for the week ending- on Wednesday , the llth day OiSopterafoor , 1859 : — * ISSUE DEPARTMENT . Notes issued £ 30 , 894 , 085 Government Debt £ 11 , 015 , 100 Other Securities .. 8 , 459 , 900 Gold Coin &Bullion 10 , 419 , 085 Silver Bullion .... - *—£ 30 , 894 , 085 £ 30 , 894 , 085 BANKING DEPARTMENT . Proprietors' Capi- Government Seoutul . , £ 14 , 553 , 000 rlties ( including Rest . , 3 , 710 , 787 Dead WoiffJUt Public Deposits ( in- Annuity ) £ 11 , 320 , 018 oluding Excite- Other Soouvities .. 18 , 957 , 101 Suor , Savings' Notes 9 , 834 , 325 tanks , Commis- . Gold and Silver sioners of Na- Coin 701 , 137 tlonal Debt , and Dividond Ao-COUUts ) 8 , 508 , 922 Other Deposits .... 18 , 074 , 010 Seven JJtiy and other Bills ...... S 50 , S 92 I , n ' ¦ ,...... . ' £ 40 , 712 , 0-11 £ 40 , 712 . 0-11 M , MARSHALL , Chief Ooshior . Dated September 16 , 1809 .
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-Friday Evening . We have no important alteration in the corn markets to notice . They are generally steady , rather with a tendency upwards than otherwise , from a
notion that the yield of the harvest is not thoroughly good as was expected , and fro m the weather at present being , less > favourable than in some years for preparing the ground for the next crop . The gentlemen who influence the markets take , long views and calculate the . chances of the coming crops on the best information they can get as well as the yield of the crops that have been ' gatherered .
The Manchester markets , and others which have much trade with India , have been slightly affected by the news from that quarter . which ? considering the mutiny of troops , the quarrels of civilians the objections made to the Governor-General , or , as he is now called , the Viceroy , the discontent at the new taxes , and the general feeling of uneasiness which prevails , is not very favourable to trade . Otherwise the general business of the country continues goodso good and so equable as scarcely to leave anything worthy of especial . notice .
A speculation in tallow , which has been going oa for some time , and this being an article of which long purses can command the market , and in which , in consequence , speculation is generally rife , has now ended in breaking two or more houses at St . Petersburg which have connections in London . The gentlemen will , no doubt , get speedily whitewashed , and go on as before . We can but rejoice , however , that mere speculation has of late been remarkably dull . Sugar and coffee are quiet ; the price of the latter has rather a tendency downwards . A good business doing for consumption in both articles . The news from China has caused great agitation in the tea market ; On the first announcement aU
teas were withdrawn from the market , as nobody could tell what would be the result of the disastrous defeat . When it became probable , however , that trade would not be stopped , teas were again offered , and considerable purchases have since been made at higher rates . - Common Congou was purchased at Is . 4 % d . short , which is a rise of 3 d . within a short period- tfc has not reached this all at once , but the price has been hardening for some time . Our trade is , however ; now so very extensive and spread over so many countries that a temporary interruption of the trade with one—though it be as important as our tea and silk trade with China—causes only a very slight abatement of the general welfare .
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. - PRICES OF TELE PRINCIPAL STOCKS AND SHARES AT THE CLOSEOF THE MARKET ,
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* « a S I 8 55 "g ° Z . *? . ° ? . £ "f oi * o co © o o r-T 1-T / 0 Q O Cs » & < o eo sou ^ nnoo § " 5 " od " ioiWO S o S . o rC ^ 1 _ 00 . T-J _ ) M utJouijjao ^ TpaM g §§ £ j p £ J j co < M 55 Eh - — ' g s ^~ pq K « 5 co d o" o" *> r > > -Bitztjaa » g g g M ' h cT oo Q CM tN t-t . © : sg g ' $ { ZJ g 'BOIPUI 5 BOA 1 % «? . « 2 . O w —auo ; s s S fe E-t -SOBSOj ; TlBWHa * * - " ° O g § S £ 5 son ? ni » stja 5 s £ > —snois . , « f ? S 3 IS -eossoj ; qsropgc g - o" g * 5 t R so ^ tj ^ s Po » inxi a K te ( %¥ T T > ^? I " C ^ a s" g • • • • • r- * tH r-t
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GENERAL TRADE REPORT-
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Last This Week Week STOCKS . ¦¦ 3 per cent . Consols—Money )>¦> $ ' f ? $ Ditto Reduced MJ ™ k Ditto New to & 0 « Bank Stock iib India ; ,. » Exchequer Bills ~» ¦ . ;* * Canada Government 6 per cent . !}•> " - } New Brunswick Government 0 per cent . .. 110 * iio * New South Wales Government 5 per cent . »» 4 «« t South Australia Government 0 per cent .. 10 'J i < JJ Victoria Government C per cent , : ilv Austrian Bonds , 6 per cent "t Brazilian Bonds , 5 per cent iw ^' nn French Rentes , 3 per cent » W- w-w Mexican Bonds , 3 per cent f Vft X ' eruvian Bonds , £$ per . cent «\ 4 : % Spanish Bonds , 3 per cent . * >* * xj Turkish Scrip , 6 per cent b * Bl 5 X . RAILWAYS . nu , os Bristol and Exeter , « « i am Caledonian $ L SH Eastern Counties ^ 6 'i 00 * East Jjancashiro , : . Aii Great Northern toaf MJ „ Western ( M ^| Lancashire and Yorkshire " !?•* « H London and Blaokwall "'' 11 j £ London , Brighton , and South Coast "f i i London and North -Western , W \ r 02 London and South-Western " 1 ? loll Midland IJjf a S | North British 00 . ?§ North Staffordshire , / f' 32 Oxford , Woroostor , and Wolverhampton .. tev . ° South-Enstorn / , 'i m South Wales ° , . 1 . - ' * ' 17 Bombay , Baroda and Central India *" , 1 p Calcutta and South Eastern v \ id Eastern Bengal t in 1 ' ol Eastlndian J L 93 J Groat Indiau Peninsula "r * y ( > Madras ; , / . j . iA Scindo - '' fin Buffalo and Lako Huron . k '' 314 Grand Trunk of Canada vvJ 13 J Groat Wostorn of Canada 1 R Antwerp and Rotterdam ,. " /{' , f > M Dutch RUonlsb „ 1 go Eastern of France 7 , \ i dft Great Luxemburg- JJj up ; Lombardo-Vonotlan „!' § 7 Northern of Franco jji 3 35 Paris , Lyons , and Mediterranean u " ( 55 Paris and Orleans , ^ 1 - M Southern of Franco 7 > . s 2 : ) Western and North-Western of France • - '
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• qx . dlV .
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1066 qyjg M LEABEB ; l ^^ 495 . Sm ^ l 7 , l 85 Q .
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Citation
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Leader (1850-1860), Sept. 17, 1859, page 1066, in the Nineteenth-Century Serials Edition (2008; 2018) ncse2.kdl.kcl.ac.uk/periodicals/l/issues/vm2-ncseproduct2312/page/22/
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