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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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TCo 465 , February 19 , 18 ^ 9 . ] T JEi E LEADEB . .- ' . , ¦" . ¦ . ¦ ' ¦ 251
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nated . The reveniie for the half-year had improved by 2 593 / . over the corresponding period of 1857 . It w » s proposed by the directors that the shares should be conso lidated into stock , at the rate of 10 / , per share . Some discussion took place , but it was of a ft-iendly character , and the report was adopted unanimously . A dividend at the rate of 4 per cent ; per annum ¦ was declared at the half-yearly meeting of the Kingston and Hitchen Railway Company , on the Kingston and Shepworth Extension Consolidated ; Stock . The half-yearly meeting of the Stockton and Darlington Railway Company , on Monday , Trent off satisfactorily . The report was unanimously adopted , and the following dividends , payable on the 23 rd ihst . ( less income-tax ) , were declared : Five per cent , on preference A and B ; 6 per cent , on preference B and C ; and 9 h per cent , on ordinary shares .
The half-yearly meeting of the Northern Counties Union Company was held on Wednesday . The chairman announced that the suit with the North Eastern had at length been brought to a successful termination . The proposed division of 2 s . 8 d . per share would take about 7 , 000 / ., leaving a balance in hand of about 7 , 000 / . The directors did not expect to be in a position to continue the half-yearly payment of Is . 4 d . per share . The report and dividend were agreed to . ; At the meeting of the Midland Railway Company , held at Derby , on Wednesday , the report was adopted , and a 5 £ per cent , dividend declared . A general half-yearly meeting of shareholders in the Lancashire and Yorkshire Company agreed to a
dividend of only four per cent . The directors took credit for reducing the dividend to meet the legitimate expenses of the company . _
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Bedford , Poxroy , and Cambridge . —A 2 > "blic . meeting held at Cambridge , the Mayor in the chair , has expressed approval of this project . It proposes to extend the Bletchley and Bedford branch of the London and North-Western from Bedford to Sandy , which is already connected with Potton by a line constructed by the late Sir William Peel . The new company proposes to purchase or lease this little line , and to carry their railway on from this point to Cambridge , forming a junction with the Eastern Counties at the bridge on the Hills-road . JFren-ch Railways . —The following are the last returns of the gross receipts of the principal French rail ways , from Jan . 29 to Feb . 4 : —¦ . Corres . Passerig-ers . Qoods . Total . week . last year . Northern .... 2 C 9 , l ~ 0 7-19 , 486 ... . 1 , 018 , 062 1 , 017 , 031 Western .- . 291 , 491 462 , 659 ..., 75-1 , 150 637 , 378 Orleans ........ , 332 783 , 255 1 , 008 , 587 .... 944 , 447 Strasbourg 251 , 554 748 , 754 ... . 1 , 000 , 308 1 , 000 , 308 Paris to Mcdit . . 430 , 620 ; .. . 1 , 182 , 003 1 , 610 , 204 1 , 370 , 081 Southern 93 , 816 ..,. 283 , 741 ..... 377 , 057 ...-.- 245 , 063 Lyons to Geneva 10 , 706 17 , 398 34 , 104 19 , 232
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JOINT-STOCK COMPANIES . A meeting of the European and American Steam Company took place on Saturday , Mr . Austen in the chair . The accounts witli Messrs . Croskey arc still before the arbitrators . The negotiations for the permanent employment of the ships of the com-, pany in the transport of troops to India or for their sale to-the Government have ceased for the present , the Council of India being unwilling to accept the terms proposed . The issue of new debentures has not met with tho success that had been anticipated , but , from the directors and their friends having subscribed to meet pressing claims , the financial position of the company is thus far satisfactory . Several proposals having been received for the
purchaso of some oftlip company ' s ships ; a resolution was passed empowering the board to accept any offer that may appear advantageous . Tho meeting of proprietors of tho English , Scottish , and Australian Charterod Bank was hold on Wednesday . Tho dividend declared , out of a balance of 13 , 508 / ,, was at tho rato of . 4 per cent , per annum , leaving , after doductions , 2 , 00 d / . to bo carried to tlia reserve fund , thereby increasing it to 8 t 0 oo 7 , Tiio operations for the half-year Imvu boon loss favourable tluin was cxpoctod , a result which is ascribed to tho high prices maintained for gold for transmission to this country , with tho consequent effect upon tlio exchanges . Tho directors ' report wan adopted .
Tho second ordinary general mooting of the Urltlsh and Irish Magnetic Telogrnph Company wiib hold on Tuesday at Liverpool . Tho balancesheet shows tho total working expenses for tho halfyear to he 41 , 078 / . fifl . lid . 5 the intercut on loans u » d dividend for year on terminable proferenoo elmi'os ( class B ) , C . fiOO / . 11 s . 5 d . Tho receipts tiro 72 , 830 / , ( jh . 8 d . j . tho balance , available for dlvidenl wi hIuires ( classes A and C ) to 3 . 1 st December «« ln « 1 « , OQ «/ . Ida . 4 d .. . ¦ Atji mooting of tho Lands Improvement Company . Sir Clmrlus liioh , Bart ., in the chair , the report was . udoptuil nhd a dividend declared for the pu » t half ' -yonv at the rato of 0 per cent , per nnmun ,
free of income-tax , with a bonus of 2 s . 6 d . per share . Notwithstanding the general stagnation in 1858 , _ the business of the company has exceeded the original calculation of 200 , 000 / . per annum . The net profits for the half-year have been 2 , 17 If . At the . half-yearly meeting of the Berlin Water "W ^ orks Company A report was presented , showing very slow progress in their operations , and a . deficiency on the six months of 343 4 s . 7 dZ . The revenue was however improving ; and it was hoped that the
lowering of the pipes , so as to prevent future disasters , would enable them to obtain the confidence of the population of Berlin . It was stated by the chairman that they " had every prospect of obtaining ah extension of the company ' s privileges , and that there was a stipulation that , at the end of the concession , a valuation should be made of the property , so that the shareholders might be reimbursed , in the case of the Government wishing to take over the company ' s works . The report was adopted .
The Inter-Colonial Royal Mail Steam Company have lately received very favourable advices from Australia , where their vessels had commenced the postal service between Sydney and the various ports in New Zealand . The colonists were very pleased with the steamers , and the establishment of an efficient communication had given general satisfaction .
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Friday Evesing . The continued dullness of the market for public securities , when the great abundance of money and the little demand for it , with a general appearance of prosperity , all tend to a rise in prices , is a strong testimony to the uneasiness which the conduct of the French and Sardinian rulers continues to excite . Inanition is the character of these markets , both at home and abroad . On the Stock Exchange to-day , and , indeed , for three days past , scarcely a bargain has been made , and only those who have to reiterate similar or routine facts , day after day , can have much to write . Telegrams from Vienna and Paris brought information to-day of lower prices or stagnant markets from both places , which helped to
make our markets flat and drooping . Consols were at 9 of or £ all day , and other stocks remain in their former condition . For money there is no demand , and the terms are about the same as last week—2 per cent , for the best bills , ns nobody is willing to force the market . For this stagnant , and to all'dealers unpleasant , condition , only the Emperor of the- ' French and the King of Sai % dinia and his minister are considered responsible , and there is growing astonishment at the fact that power should be given to such persons to disturb all Europe . East India Stocks are somewhat in demand , and India Debentures ?» re firmer . The financial condition of our empire in Asia is not regarded as extremely unfavourable , in spite of the demands-r-not so large as were anticipated—which it makes , through Lord Stanley , on our
money resources . Bullion continues to arrive from many quarters , and there is no want of this usually considered most precious commodity . Attention haa been properly . directed in the week to the gTeat cost of tho Poat Office Mail Packet servicevery nearly a million sterling . The sum would not bo begrudged were the service well performed ; but it is not ; and , meanwhile , men arc aware that with freedom , trade could organise a service much cheaper , and far more satisfactory , than that of the Government . This stands , as it were , apart from trade , and the two do not always take the samts course . Letters and passengers are , in the main , consequences of trade , and should follow its route ' s . They could at least help one another more efficaciously than thoy are helped by Government . BANK OF ENGLAND . An Account , pursunnt totho Act 7 th and Sth Victoria , cap . 3 ' , ! , for the week unillng on Wednesday , tho 10 th Uuy of * obruury , 1660 . IHSUE DEPARTMENT . Notes issued i < t 33 , r > 3 l ) , 3 : ) i . ( Sovornmoiit Debt . £ 11 , 01 . 5 , 100 Other Soourltlvs .. .: t , 4 . W , uoo Sold Coin AcUullton l ' . i . uiW . IWO Silver Bullion . « i : i 3 , ft . 'J ' . ) , a ; i ' . ( i ;» : i , oai ) , ; i ; jo it . VXKJNO O'rtPARTSIKJJT . I ' roprlctoi ' H' C'npl- tiovoninu'Ut Hocutill UHvVjil . OliO rllicri ( Including Kent u . aou . U'Ji Di'iui Wuigiu J ' uMlo JJi-porillH ( hi AumUly ) &WM \ , W diuHiitf Kxolu- Other .,-JoourltloH .. HUl'A + tW ciuur , SiivliiKH . Noteu lil . olU . UKfl Hunks , C ' ominlM- L » ol ( l iind W . lh'or ' hloniTrt of Nil- Coin < W ' . \ S 11 IU > n : il Di'hl , mid Dividend Xeooiijitu ) r . iv . 'o . Wi Oilier DcportltH ... ; l-l , fi : V ' , WI > Seven I'ny and ( iiikt jji iIh rmi . iMs . IM 0 . K 71 . -I ' . 'M i . t'Jn ^ ri .-lV'i M . MAU&l'IALL , Chief Cimhlur . DiUi-U Feb . 17 , 18 r >\\
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The New Russian ILojln . —Representatives of the banking firms of Baring , in Bondon , and Hope , in Amsterdam , have arrived in St . Petersburg , to make arrangements for that part of the new Russian loan not to be disposed of within the frontiers of the Empire . The negotiations at their present stage are envolped in mystery . . The Lesseps Scheme . —M . Ferdinand de "Lesseps left Paris oh Wednesday , for ^ Alexandria , for the expressed purpose of commencing the works of the Isthmus of Suez Canal . A grand farewell : dinner was given to him on Monday by the directors of the
concern . . . TiiE Liverpool Chamber of , Co » niEiicE .. —> -A . t an adjourned meeting held on Monday , a memorial to the Board of Trade , in support of the bill promoted by the Mersey Docks and Harbour Board , for power to borrow -300 , 000 / . for additional dock works on the Liverpool side of the Mersey * was agreed to . it was stated that the opposition to the bill which had sprung up was neither from parties connected with the port nor from the manufacturers of Lancashire or Yorkshire . At the same meeting , Messrs . Torr , Birch , and Heath were elected members of the council of the chamber in place of those retiring .
Newfoundland Fisheries . —A statement has been made to the effect that the Governments of Prance and England have arranged to appoint Commissioners to investigate the Newfoundland fisheries dispute , in which the late Government , it is said , gave undue advantages to France . A commission such as is proposed would be able to ascertain the real facts of the case , and we should hope that future negotiations on the subject would thereby be rendered more just and easy . ¦ Austrian Submarine Telegraph . —The negotiations between England and Austria , relative to the construction of an electric telegraph from Eaguua to Alexandria , have terminated , and a convention has been concluded on the subject . Austria undertakes to lay cables between Ragusu , Corfu , Xante , Candia , and Alexandria ; that is , to lay one
cable containing three electric wires between each of tho places mentioned . Tho estimated outlay being . 500 , 000 / ., England agrees to guarantee , i ' or a period of twenty-five years , ono-lialf of an interest of 6 per cent on that sum . It i 3 agreed that nil ilic cublea shall bo laid within eighteen ninuths , but tlio Austrian Government is resolved , if possible , to complete the tclojrraph from Jtagusu . to Alivviiuulriu within one year lVom tho month of May . , \ nutria is only . bound to lay one cable , but it is thinking » t having threo . Tho cables botwoeu Jliwusu ami Corfu , and Corfu and Zaiito , are t *> bo iIdwm in tho courso of this year . Mr . Urott was the origuml coiltractor with the Austrian Governinuiil , but liu is said to lmvo coded hid rights to Mr . Mewull . Wlieu the electric tolvsra-ph is complete it avJM bo traiirffurrotl to an-Anglo-Austrian Company , tho oomposition ' of whiuh is exactly epeeilied in tho
cuuvontion . ' Hatton to SniATVoTtn-oN-AvoN . —Tins row lino of railway will brunch out at tho lluUon million o ! tho Gri'iii Wostern Railway , aiul will hu uliout ninu and a hull' mi Ion in length . Tho ominmU'il < , •«»»«; in tVom 7 . 1 , ihm / . to » 0 , i ) 00 l . Tho mixeii ^ uaftv vill 1 m laid tliroughout , as thoro will bu tiireo hIuiuui ?) botweon llatton und Stratford .
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FROM THE LONDON GAZETTE . Tuesday , February 15 . BANKRUPTS . William : Tibbs , Ketland , Rutlandshire , parchment and leather manufacturer . John Knott , Maidstone , draper . James Windsor Slegg , Strood , near Rochester . JudahCostaDavis , and Charles , Minories , foreign importers and merchants . Thomas Rattray , Commercial-road , Middlesex , ironmonger . . : William Goodman , Birminghamj leather merchant . William Fowler , Bradford , grocer . Friday , Feb . 18 . Joshua Scqtt , cloth manufacturer , Thackley , Yorkshire . William Williams , grocer , Newport , Monmouthshire . ' ' ¦ Joseph Gibbons Vickers , licensed victualler , Iaver-• pool . ¦ Willxam Henry Newton , builder , Stratford . ^ Samuel Dawsox , worsted manufacturer , Wakefield . Thomas Coulson Taylor , house decorator , Conduitstreet , Hanover-square . William Bould , boot maker , Wolverhampton . James PUrssell , confectioner ,. Gornhill , andHerne-¦ hill , Surrey . ' , ' , ¦ ' , -r , John Lang dale , innkeeper , and butcher , Brompton , Bernard Polak , foreign importer and dealer , Broadstreet Buildings . Richard Henry Longstaff , draper , Brewer-street , Somer ' s Town . _ Edward Hewitt , corn-factor , late of Chatham . SCOTCH BANKRUPTS . John Drew Ewing , property agent , Glasgow . Alex . Gray Simpson , coalmaster , Glasgow . David Low ERSKiNE , farmer , Drumkilbo , Perthshire .
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MONEY MARKET AND STOCK EXCHANGE .
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1 ¦ . ¦ ' J ' " ' mmmmm ^ m , Tina ri'MUMowi ' iiiHio Loan . — " Iti 8 i rumouron , " says Gdliynmii , " that M . Charles Lnffl-tte , tho'banker , and two JSngUsh houses , arQ about to mulortake tho Piodnionteso loan . "
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Citation
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Leader (1850-1860), Feb. 19, 1859, page 251, in the Nineteenth-Century Serials Edition (2008; 2018) ncse-os.kdl.kcl.ac.uk/periodicals/l/issues/vm2-ncseproduct2282/page/27/
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