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Leader (1850-1860), 5th November 1859, Edition 1 of 2, Page 1234, Untitled Article

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      Untitled Article

      KONEY MARKET & STOCK EXCHANGE . EridayEVeniniff . Money is in good demand—the rate of discount the game as the Bank ininirtaum—2 £ per cent . The market is therefore very steady , without any pressure . It is said , that the Bank , in consequent * , is not getting many bills . There is always a good demand for money to meet bills on this day , but on the present occasion the demand is by no means excessive .

      The Stock market , too , was decidedly steady today , and for some time has been without any great fluctuations . Consols opened at 96 to 96 J , showed a disposition to firmness , from a report that England is to take part in a congress which is looked on as a guarantee of peace and quietness , At the close of the market Consols were 96 f . There are continual arrivals of gold , but the whole is taken for the foreign markets . For some time England has been the entrep dt of all bullion operations . She imports the precious metals from all the producing countries , and distributes them over the world . In this there is something more than at first strikes the mind . The precious metals are everywhere used as the measure of value , and as England

      controls the distribution of this universal , she consequently has more influence over the genera business of mankind than is measured by the influence of her Government . The general steadiness which is now noticed m mercantile and money aflairs is the real commercial phenomenon of the hour . Perhaps it has somen reference to the fact that the price of wheat has undergone no important change for twenty-one months . Perhaps it is connected with the great

      success of trade . It has grown so much as to be independent of or above all petty changes . Its magnitude gives it the characteristics of a great general fact or law which is not liable to interruption or change . It is yet partially affected by political regulations , but its stability and regularity are due to its extent . It is quiet and steady , because its balk is so great that no petty force can-move it or impede its onward march . It is less interesting than it was , because it is less liable to fluctuations .

      A further loan for the East Indies on railway debentures to the amount of . £ 1 , 500 , 000 is announced . People are very much disposed to laugh at the assertion of the Morning Herald , to-day , that the preservation of the piratical and barbarous empire of Morocco is " essential to our mutual safety . " They cannot believe , though the great organ of the Conservative party ; asserts it , that England can only maintain her power and her greatness by maintaining the integrity of a State which has long been the enemy of tall Christendom . The Conservative organ does a grievous injustice to England , and magnifies , roost unduly , the influence on Europe of the possession of Morocco of the southern shore of the Straits of Gibraltar .

      BANK OF ENGLAND . An Account , pursuant to the Act 7 th . and 8 th "Victoria cap . 32 i for the week ending- on Wednesday , the 2 nd day Of November , 1859 : — ISSUE DEPARTMENT . Notes issued £ 30 , 755 , 905 Government Debt * 11 , 01 j 5 , 100 Other Securities .. 3 , 45 « , flOO Gold Coin & Bullion 16 , 280 , 905 Silver Bullion .... £ 80 , 755 , 900 £ 30 , 758 , 900 BANKING DEPARTMENT . Proprietors' Canl- Government Seputa ? .. ?! :: ; ........ £ 14 , 553 , 000 ritles ( including w est ... . 8 . 131 , 785 Dead Weight Public Den ' ofllts ( in- Annuity ) £ 10 , 878 , 157 rtad ^ | £ oho * Other Securities .. l | , 809 . 02 fl auer Saviwffb' Notes 8 , 480 , 400 ElUOoinmV Gold and Silver Blonera of Na- Coin , 508 , 481 tionul Debt , and ' Dividend Aocountu ) 5 , 012 , 588 Otlior Deposits .... l * , 571 , 01 U Seven I 5 ay and other BIHb tM > 7 , 172 £ 88 , 870 , 15 £ 38 . 070 . 114 M . MARSHALL , Chief Cn « ulor . Dated November 3 , 1850 .

      Untitled Article

      Friday . Evening . Tn » corn market was ( juiet to-day in Mark-lano . In general the terms are unaltered , and steadiness chnaraoteriees the com markets . At the same time ^ -weimuot expect a rise . Tho weather continues extmmi 9 ] y unfavourable- to sowing winter corn . In general only a very small portion ha * been , sewn ,

      and as long as the wet weather continues , sowing impossible . A bad seed-time is generally the precursor of a bad -harvest , and it is modern wisdom to foresee these distant evils and allow ; them at once to influence the markets . ' . All other markets are quiet and steady . In the manufacturing districts , there is a general tendency to activity . In France , too , trade / especially at Lyons , looks more hopeful , and in the United States the imports continue to be very large . Our trade is . now another name for the trade of the world , and as we flourish all the nations which trade With us may flourish likewise .

      Untitled Article

      BAILWAY INTELLIGENCE . Tjhh half-yearly meeting of the Bahxa and San Francisco Kail way Compant tpok place to-day , Mr . Samuel in the chair . The report was satisfactory as to the progress of the works , and it is expected that the first section will be opened in June next . The call made in May last of £ 2 per share had been duly responded to . The directors contemplate making calls to the extent of , £ 5 per share in the ensuing-year . The accounts showed a balance of receipts over expenditure , on 20 th of September last , of £ 48 > 153 . r JPIio report having been adopted , a vote of thanks was passed to the directors . The traffic receipts on the Gheat Whs tern Rait / way of Canada , for the week ending the 14 th of October , exhibited a decrease of , £ 152 as compared with the corresponding , period last your .

      The directors of the East Indian Railwa y Company notify that they will receive applications until the 12 th instant for live per Cent , Debentures at par , to the eietent . of 1 , 000 , 000 ? ., for live years . The payment of the . principal and interest ) Is guaranteed by tho Secretary of State for India , in Council . Tine option of conversion is thus expressed : " The holders will have tho option , at the expiration of 12 . months from tho date of the bunds , and thenceforward , upon giving one month ' * notice at any time before tho same become payable , of converting them into Extension Shares of 20 / . oaoh , bearing Q per cent , interest . " The directors have also made ft call of 57 . on tlie JET Extension

      and Jubbulpore shares , payable by the 10 th De cember . An extraordinary general meeting of : the Cax , e pouiAN Railway Company is called for the . isth insfc , at Glasgow , to ratify an agreement for an amalgamation with the Edinburgh and * Glasgow and Scottish Central nailway Companies .

      Untitled Article

      The prospectus has been issued of the London Ropery Company , with a capital of £ 30 * 000 in 410 shares . The object is to carry on and extend the business of a rope manufacturing firnij which with a branch at Whitby , is stated to have been in ' successful operation for the last ten years . The proprietors take the whole of their consideration in shares , which are not to carry dividends until a dividend of 15 per cent , shall have been realised on the subscribed capital . A payment of . £ 13 , 138 has been made by th e directors of the Madras Irrigation and Canal Company to the Indian Treasury , giving , with previous instalments of a different character , a total of £ 402 , 833 , on account of the capital of the company .

      The report of the Inland General Steam Navigation Company for the first half of this year shows a profit , of Rs . 4 , 38 , 479 which will pay the shareholders , at the rate of 50 per cent , per annum . For the same period the Calcutta Auction Company have declared a dividend at the rate of 10 per cent . per annum . The share list shows 250 proprietors , holding 5 , 089 shares , On which the sum of Its . 2 , 58 , 580 has been paid up . The outstandings amount to a large sum . An undertaking has been instituted , called " The Agricultural Engineers' Company . " The object is to establish in Xondpn a depot of the best agricultural engines and njachinery , to which buyers from the colonies and foreign countries may resort . The shareholders are principally large manufacturers , and the Board is composed of experienced

      persons . At a meeting of the British and Irish Magnetic Telegraph Company at Liverpool , Mr . J . C . Ewart , M . P ., in the chair , a resolution was unanimously adopted , authorising the directors to raise £ 70 , 000 for further extensions . The prospectus of the Great Northern CorPER Mining Company of South Australia ( Limited ) has been issued , the capital being £ 160 , 000 in 8 O ; O 00 shares of £ 2 each , 10 s . to be paid at the date of application , and a further sum of 10 s . per share at the expiration of one month from the date of allotment . The company propose to work the valuable properties known as Chambers ' s Mines , situated about 140 » miles north of Port Augusta , in the colony of South Australia , and it is allege d that the resources are considerable . The local government appear to be prepared to afford facilities for their development .

      Untitled Article

      FROM THE LONDON GAZETTE . Tuesday , November 1 . BANKRUPTS . Bennett Barnett , Burlington-gardens , Bond-street denier in pictures . , . William Layton , Landport , Portsea , Hunts , bootmaker . William Cuesworth Caldwell , Nassau-place , Commercial-road East , tailor . , . . „ James Barnard ,, jiui ., Aldershott . licensiid victualler . George Kindersfoy Jackson , Ehzubeth-strout , &outl > Pimlico , grocer . Esther touisa Mayne , Exeter , milliner . Thomas Simister . Liverpool , pastrycook . Samuel Russell , West Hartlepool , builder .

      Friday , November 4 . BANKRUPTS . William Attwells , Arundel-streot , Strand , victualJur . Charles Koeber , Vlgo-street , Itegent-atr () ot , MIcl < iii 8 gx , woollen draper . , iwhir ' s William Maynard Aylward , Sermon-Iuno , . Doctor » Commons * City , wine merchant . Walter Phillip ' s Gunnyon , Liverpool , clothier . . Samuel Walters and Thomas Valters , CnvorswolJ , cattle dealers . T n Thomas Henry Falrbjuland WUliam Suter , juii ., w don-road , Southwaric , ironmongers . « , „„„„ ,. Wi . liam Rex ,. Wan < lsworthand Putney , cowl eoim-Edward LeatWlands , Aston-stroot , Toll iind , ii |) W « > licensed victualler . _ . . ,,,,,, „ Peroivall Tunstall , Golden-hill , Stafford , I ""'" '; ,,,,, < . Benjamin Geldart Goode , Heeton , Middlesex , inn * "" jLo ' on Mlllard and ttiohard Harcouvt , IJirming lmin , modellers . Charles Willmer , Liverpool , printer . rpimmua . Joseph , Porter , ' joaeph . WWmeley Pj" *?' ' ™ ° S St Wftlmsley Portor , and Robert Rogers , Salibrd , mxow manufacturers . SO 0 » O « BANKRUPTS . Robert Angus , Lelth , milliner . George Wfttoon , Borolanda , Perthshire , former .

      Untitled Article

      GENERAL TRADE REPORT-

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      PRICES CWB THE PRINCIPAL STttGKS AMD SHARES AT THE CLOSE OF THE . MARKET .

      Untitled Article

      This Last Week Week STOCKS . 3 per cent . Consols—Money 96 * 96 £ Ditto Reduced 94 J 05 Ditto New 94 J 95 BankStock 224 227 India .. . ± 414 224 Exchequer Bills 28 31 Canada Government 6 per cent . .......... .. . 1154 New Brunswick Government 6 per cent . .. .. ' 113 £ New South Wales Government 5 per cent . .. 102 youth Australia Government 6 per cent .. .. 113 Victoria Government 6 per cent . .. 107 Austrian Bonds , ' 5 per cent ................ .. ; . Brazilian Bonds , 5 per cent 101 * FrenchRentes , 3 per cent .. 0005 Mexican Bonds , 3 per cent .. * ..... 22 ± % •¦! $ Peruvian Bonds , 4 £ per cent .. Spanish Bonds , 3 per cent . .. .. 4 * f Turkish Scrip , 6 per cent .. 78 J RAILWAYS . Bristol . and Exeter .. 100 300 Caledonian ^ 9 ii * 92 AEastern Counties 50 f 5 pi East Lancashire •' .. ,. GreatNorthern .......- > :- 104 103 „ Western 65 05 * Lancashire and Yorkshire 98 \ 06 | London andBlackwall 064 67 London , Brighton , and South . Coast 113 J 113 London andTNorth-Western ... ........ .. 964 S ) 5 i London and South-Western 90 J 95 * Midland • 40 ° a l ° 5 f North British - 00 | 59 | North Staffordshire 4 d 13 } Oxford , Worcester , and Wolverhamptou ' .. 34 * 35 South-Eastern . ' .. . ^ - 78 j 77 ± South Wales ... 75 73 Bombay , Baroda and Central India ... ... .. 95 £ Calcutta and South Eastern W par Eastern Bengal lgd Ho . Eastlndian 101 * 101 * Great Indian Peninsula 98 * . 98 } Madras 84 88 Scinde ... 20 10 A Buffalo and Lake Huron Hi *> 4 Grand Trunk of Canada 38 $ 40 Great Western of Canada . 14 i 14 § Antwerp and Rotterdam ' ¦• 44 Dutch Rhenish 4 d 4 } d Eastern of France 27 * 27 * Great Luxemburg 78 ' 74 Lombardo-Venetian 12 { 18 Northern of France 37 * 371 Paris , Lyons , and Mediterranean 30 } 30 $ Paris and Orleans 55 60 Southern of France 21 21 Western and JN orth- Western of . France 23 23

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      JOINT SIFOCK ; COMPANIES .

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      1234 THE LiE ADEE . HSFo . 502 . Kov . 5 , 185 Q :

  • Citation
    • Leader (1850-1860), Nov. 5, 1859, page 1234, in the Nineteenth-Century Serials Edition (2008; 2018) ncse-os.kdl.kcl.ac.uk/periodicals/l/issues/vm2-ncseproduct2319/page/22/