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Leader (1850-1860), 3rd September 1859, Edition 1 of 2, Page 1018, Untitled Article

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      Untitled Article

      1018 T HE LEADE R . { No . 493 . Sept . 3 , 1859

      Untitled Article

      will find customers , making at the rate of 2 per cent , for a month on the transaction . The Russian Xban is at J to 1 premium , orders from abroad having come over to purchase . At the close of the market the scrip was flat . ¦ The news about the Romagna in the Daily News excited a little apprehension , and helped to increase the dulness which from the absence of the most conspicuous operators at this season hangs over the market . We subjoin the Bank returns , which will show that the Bank has experienced a slight demand for money . BANK OF ENGLAND . ™ otnr , , An Account , pursuant to the Act 7 th and ^ Sth Victoria cap . 32 , for the week ending on Wednesday , the 31 st day Of August , 1850 . — ISSUE DEPARTMENT . ^ tes issued £ 30 , 401 , 150 governmen ^ Debt ^ ijgggfr Gtold'Coin & Bullion 15 , 920 , 150 Silver Bullion ....

      £ 30 , 401 , 150 £ 30 , 401 , lo 0 BANKiNG DEPARTMENT . Proprietors' Capi- Government Sccutal ..:. ... £ 14 , 553 , 000 rities ( including Rest ..... 3 , 689 , 021 Dead Weight r ffi , S p SS £ - o . « ai « v . v : JS *| 5 | &is : gss ; » d - s . iVcv * " ^ ° sioners of Na- Coin 614 , 304 tional Debt , and Dividend Accounts ) .. 7 , 816 , 480 Other Deposits .... 12 , 740 , 833 Seven Day and . other Bills 880 , 415 £ 39 , 088 , 740 £ 39 . 688 , 749 ¦ M . MARSHALL , Chief Cashier . Dated September 1 , 1859 .

      Untitled Article

      Last This Week Week STOCKS . ¦ . ¦ . 3 per cent . Consols—Money • • 95 * 05 ft Ditto Keduced 90 * 90 $ Ditto New .- :.... 90 J 90 BankStock 223 * 225 India - .- 219 Exchequer Bills : :- £ 0 .. Canada Government 0 per cent . 113 1124 . New Brunswick Government 0 per cent . .. .. Ill New South Wales Government 5 per cent . 99 * 98 J South Australia Government 0 per cent .. IOjX 110 Victoria Goverriment 0 per cent ,.... 110 * 109 Austrian Bonds , 5 per cent , ?* ,-A , Brazilian Bonds , 5 per cent 104 103 J French Kentes , 3 per cent 09 . 70 08 . 90 Mexican Bonds , 3 per cent 18 * 20 g Peruvian Bonds , 4 J per cent ., 81 £ 3 panish Bonds , 3 per cent , — 45 * Turkish Scrip , 0 per cent 83 $ 83 | RAILWAYS . Bristol and Exeter 90 i 97 * Caledonian . , 8 f >* 80 , Eastern Counties ^ tt 5 ?* East Lancashire 95 Groat Northern 103 J 102 * „ Western 00 i 00 { J Lancashire ) and Yorkshire 90 ft 99 London and Mackwall 05 J 05 * London , Brighton , and South Coast ....... 109 , ; 100 ** London aiuVNorth-Western . 90 , 94 ;* London and South-Western 91 J 02 ? Midland 100 10 «* NorthBritish 00 ft 01 ; . North StafTordshlro 18 ft 4 , d Oxford , Worcester , and Wolverhttmptou .. 32 32 , South-Eastern 70 . 1 ? 7 South Wales 03 03 Bombay , Bavoddfind CoutralIndia ... ... 17 17 Calcutta and South Eastern An Ap Eastern Bengal 4 £ 3 d Bastlndlan 101 1009 , Groat Indian 1 'ouinsula 081 98 $ Madras 90 00 Solndo lOJ 80 Buffalo and Lake Huron ., 6 J 5 Grand Trunk of Canada 30 So Great Western of Canada . 16 ft 14 $ Antworp and Rotterdam , fft 4 ft . Dutch JthonlsU OJa fi fl " BaBtorn of Franco , « fl 2 S » Gtroat Luxemburg OR OH * Lombardo-Venetian 10 ft 2 » P Northorn of bianco , 37 * 37 Paris , Lyons , and Mediterranean «><> 3 a Paris and Orleans < 5 G fio Southern of Franco 20 J SO * Western and ISorth-WoBtorn of France .. SJ 3 XH ? ox . dlv .

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      Friday Evening . Steadiness , rathor than dulness , continues to characterise all our murkots . Tho Corn market has a tendency downwards j though tho supplies to-day were short , sales could not bo oflboted without consenting to a small reduction in pvlco . Tho general reports of the harvest continue to bo very diverse , but , on the whole , favourable , and tho supply of food till next harvest will , it Is supposod , bo

      ample : So with all other goods ; there is a steady demand , but the supplies are ample , and trade generally is dull . ¦ .. ;¦ .

      Untitled Article

      The meeting of the Norfolk Railway Compant took place on Wednesday . The accounts showed a balance of £ 12 , 085 to the credit of the company , from which the directors now proposed a dividend of £ 1 4 s . per cent , for the half yea-. A remarkable feature in the report was the charge made by the Eastern Counties Railway Company against t ' . ie associated companies for the past half year , as comr pensation for injury sustained by passengers , to tire extent of £ 12 , 946 19 s . Id ., whilst in the corresponding period of the previous year the claim only amounted to £ 826 I 83 . The effect of this was a reduction of the balance available for distribution on this occasion of nearly 3 s . 6 d . per cent , upon the capital entitled to dividend . The report was adopted . _ _ . _ _ ____

      The special meeting of the Lorooy act NoKiH Western Railway Company , fixed for the 10 th September , will be required to decide upon the proposed lease to this company of the Lancaster and Carlisle , Lancaster and Preston Junction , and Kendal and WL-idermere railways , upon the terms mentioned in t-ie Daily News of this morning . At the meeting of the Newport , Abergavenny , and Hereford Railway Co \ ipaxy a satisfactory report was presented , from which it appeared that the net revenue during the last six months had improved to the extent of 2 , 6217 . After the usualde-. ductions a sum of 19 , 146 * . 5 s . Id . remained applicable to interest on Deber lures , and 5 and G per cent . Preference Shares leaving a surplus of 177 Z . 13 s . lid . to be carried fovwaid .

      At the Mid-Kent Railway meeting a report was read , stating that a surplus of 804 Z . 8 s . 7 d . remained on the half year , from which the directors now recommended a dividend at the rate of 2 ^ per cent , per annum . The report was adopted . Tralee and Killarney Railway . —The line was opened on Wednesday for goods . traffic , the waggons , extending oycir a very large space , have been well-filled since . The morning train from Killarney to Tralee , and the evening from Tralee to Killarney , are to be continued , for which the inhabitants of both towns have much reason to thank the directors . The goods trains leaving and entering Tralee will have an ample number of carriages attached to them to meet the passenger traffic between the two towns , which is being every day more rapidly developed . — Tralee Chronicle

      Indian Railways . —The Great Indian Peninsula Railway Company have let their contract for 263 miles to Nagpore to Messrs . A . II . Lee and Co . This firm have engaged to complete the line from Bhosawul to Oomrawutteo by September , 1 8 62 , and in six months from that date to Nagpore . Thus the greatest cotton districts in India will be opened up early in 1863 , and Kamptee become more of a Bombay than a Madras Station . The practice of overcrowding third-class railway carriages appears to prevail on the Bombay Railway to a frightful oxtent . According to the Bombay Gazette , a dead body was recently found in a thirc ' -class carriage , the person having evidently died from suffocation . Mr . Bettington has addressed Government on the subject . He recommends that only 50 be allowed

      in each carriage , instead of from 150 to 200 , as at present . A still lower rate of fare for the thirdclass , ard double the number of trains oh the Indian Railways , wo aid prevent overcrowding , and double the profits of the companies . JLow speed fourth-class trains will yet have to be run from Calcutta to Hooghly every hour . JFrhnow Railwats , —Tho Minister of Public Works has announced to the Prefect of the Haute Garonne that a sum of 3 , 000 , oqof . has been allocated for the works of the railway from Toulouse to tho Pyrenees . The works of the railway from Soissons to Paris , particularly in the dopar , tmont of the Seine , are being carried forward with the greatest activity . . One thouBaud additional operatives are now employed in the works of tho railway from Mont-de-Marsan to Tarbes , making altogether 3 . 000 men .

      Untitled Article

      At tho half-yearly meeting of the Oiukntal Inland Steam Company tho report presented was not passed , and it was agreed to wait tho arrival of additional advices from tho Indus . Tho first oxporimont with tho vossols does not appear to have boon satisfactory , and hence , aftor a partial trial , now arrangements for , another trip wore contemplated . The ultimate success of tho undertaking is still rolled on , and tho next ascent of tho rlvor it is believed will be accomplished .

      The dividend proposed and agreed to at the meeting of " the Sttbmarinb Telegraph Company was at the rate of 7 per cent , per annum . It appeared from the report that the increase of messages had not ' made a corresponding addition to the revenue , owing to the late reduction of the tariff . After some discussion the report was passed unanimously . At the 69 th half-yearly meeting of the General Steam Navigation Company the report of t . e directors and a statement of the accounts for the half-year ending 30 th June last were read to the meeting , and were unanimously received and adopted . The usual dividend at the rate of 10 per cent , per annum was declared .

      Untitled Article

      FROM THE LONDON GAZETTE . Tuesday , August . 'JO .

      BANKRUPTS . Antonio Demetrio Di Demetrio , 88 , New Broad-street , City , merchant . . , Paul Emilo Chapnuls , 09 , Flect-str ^ t , City , nnd cixcwhere , reflector and stereoscope inanulucturor , uuu pno-^ XluvlMward Buller , Enfleld , and fill , Lincoln ' s ton fields , Middlesex , scrivendr and attonmy at law , com owner , and brick hiaker . . Thomas Hawkins , late of 0 , Cliarlcs-streot webt , Westbbumo-terraco , Hydp park , brush nmkor . John Hignell , Kirby-le-Sokoi ) , Essex , grocer on < i drCnas and Thomas Edward Davlo * , WoUm » noW , Staffordshire , coal and iron mastors . William Booth , Hallfnx , Yorkshire , "H- r d ""} ' . John Joshua Hai'wood , SI , Gmifc JJuclosticet , Strangeways , Manchester , hosier , Richard Morrison , Carlisle , guano douler .

      Friday , September 2 . DANKUUl'TS . Thomas Harris Bristol , timber morohanl . Charloa Edwards , Cnrjllff , builder . John Oxloy , Kothorham , Yorkshire currier . „ John Bliawowlt Hamilton , Ivln 'fltou-i <|) ° » - liu 11 ' auctioneer . Edward Hughes , Holywoll , Flintshire , draper . Henry Butwlon , Llvorpool , colco merchant .

      Untitled Article

      PRICES OF THE PRINCIPAL STOCKS AND SHARES AT THE CLOSE OF THE MARKET .

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      GENERAL TRADE REPORT-

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      JOINT STOCK COMPANIES

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      RAILWAY INTELLIGENCE

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      Progress of Engineering in Greexocic—It is interesting to trace the development of a branch of business which has become one of the most essential and important in this country , —that of founding , engine-making , or engineering . In some instances ] in the immediate neighbourhood of Glasgow , it sprang from the simple smithy or shoeing forge . In other cases the premises of the brassfounder or hammerman enlarged rapidly into works , which embraced the new demands for machinery and castings . The first foundry , if it might be so called , in Greenock , was in the north-west corner , of what is now called . Cat heart-square , and was necessarily on a very small scales It was carried on under the firm

      of Brownlee and Campbell . The ordinary work executed there was such , generally , as was required for ships , including also the Casting of grate fronts , bars , &c . The only furnace employed was the oldfashioned bellows , or air furnace . The next was on a larger scale , established by an English Company , about the year 1790 . They set down their works in the east end of the tOivn , adjoining the Cartsburn Water , for the sake of a cupola furnace ^ which they first orceted . This work had all the improvements then known ; but not proving successful , it was abandoned in 1 / 93 or 1794 ., and purchased for Xii 300 by Brownlee and Campbell . It was carried o : i by these parties till 1808 , and by Mr . Brownlee

      alone till 1825 , when the whole was transferred to Messrs . John Scott and Sons for £ 5 , 000 , who erected the new , and now very extensive , works of Messrs . Scott , Sinclair , and Co . In 1808 Mr . Campbell joined Mr . Anderson in the new works . in Crawfordsdyke , which occupied to a limited extent , under the firm of Anderson and Caird , the site of what are now the wide-spread engineering premises of Messrs . Caird and Co . The greater part of the engine work of the first steamboat—the Cometwas made in Greenock , in 1812 , by the firm oi Anderson , Campbell , and Co ., who were smiths or hammermen in that town and Port Glasgow . —Steam Shipping Chronicle .

      Decimal Coinage . —The International Association for obtaining a uniform decimal system oi weights , woasures , and coins , will hold their fourth general meeting in St . George ' s Hall , Bradford , on the 10 th of October , when delegates from Russia , Belgium , and other countries not represented in tho association , are to be received , branch associations to be added , proposals discussed , and a variety ot other business transacted . Meetings will also be held at the annual meeting of the British Association at Aberdeen next month , and the annual meeting of the Social Science Association at Bradford in October .

  • Citation
    • Leader (1850-1860), Sept. 3, 1859, page 1018, in the Nineteenth-Century Serials Edition (2008; 2018) ncse-os.kdl.kcl.ac.uk/periodicals/l/issues/vm2-ncseproduct2310/page/22/