The Sun.
London, England, 1835-11-09 00:00:00

--EIGN GRAIN MONEY-MARKET.-SAT URBAX

'KET.

lity at

STATE OF TRADE.

Some remarks which have fallen within this day or two
from persons who are admitted occasionally to the confi-
dence of the,Bank Directors, and who are' consult'ed also
at unfrequently on various matters difficult of decision,
h d
to the belief that the hostility entertained to.
have
-int-stock banks of issue in thl country is utt-
wards the la- . •
The directors will not, it is:
dergoing some a..
now said, carry ther rule rigorously into execution against
those banks have a large paid-up capital, and con-
duct their affair' ptherwis e upon a prudent system ; but
ettpectally if‘known to launch be-
t no accommodation, whatever
the banks of small CI,
yond their means, e:taT,e
which is interesting
to derive from a long list of
security they may be presume,:
is
_much more so in the
responsible shareholders. The staject'
g.r,-at manufacturing
,are more or
enough here among monied men,
places concerned, in the heart of the
..nreparecl
districts, and most of the letters from tiler,'
less occupied with it. From the tenour of tt2esc. it may
b 6 collected, that they are as yet far from being
to maintain an open contest with the Bank of ia.witinab/e
though the; may contrive so far to become forn;i3
as to make it ;pale for their grent opponent nur: to
press matters to exttTmity. The highest subscribed
pltal in any of the count:7 joint-stock banks of issi.se
does not, we believe, exceed ‘2,:.100,000/o with a paid-up
capital of 500,000/., and, generally • speaking, the rule
with them is, not to call for more than 6 per cent. of addi-
tional capital in any one year, fly which rule they are
bound, and cannot consequently extend their means very
rapidly. But for one bank of so large a capital as that
above stated there are many which do not possess a capital
of a quarter that amount, and as they frequently extend
into branches in various parts of the country, i•lie liabilities
ani consequent danger of the parent bank are much in-
creased. One bank is mentioned in a letter which we have
seen, which with a capital of 600,000/., or thereabouts, has
nearly forty branches, in Bristol, Birmingham, Liverrool,
Leeds, Manchester, Nottingham, and other places. The
shares in these banks are frequently as low as 101,
and even 51. each, which enables a number of persons
of small property to become subscribers, which lessens
the aecurity of the public, and makes them besides a
medium for speculation and petty gambling. Supposing
only 20,0001. paid daily by each of these branches,
which is a very small amount of transactions, that
would go considerahiy beyond their paid-up capital. It
becomes, therefore, the necessary practice in banks cf
that description to offer the bills of one day for dis-
count on the next, to draw bills ort houses of agency es-
tablished in London for the purpose, z.,nd finally, to make
up what further deficiency there may be by an issue of
notes. Other banks have been mentioned, which to avoid
offence, We do not choose to particularize, of which neither
the amount of subscribed or paid-up capital is known, ex-
cept to the conductors, and which carry on, nevertheless,,
extensive business, and have numerous branches. For any-
thing the public may know of the matter, there exists no
capital at all. Now, there can be no possible objection in
any quarter to having such banks as these placed under the
ban and interdict of the Bank of England, but the distinc-
-a between these and the banks of a solid character is so
open, that there is no difficulty in d,rawing the
broad
line betweei. them. To make a ground of hostility from
notes, which is found in many cases to be
viT more of obtaining local impor-
the mere issue o:
resorted to with the
imetu:al utility, and to an extent bear-
tance than for any
the capital, is unworthy of
ing a very small proportion ta
kof England. It may be
a
a great Corporation like the Bah_
added, perhaps, as a fair constructio. of what has been al-
lowed to get abroad on the subject, that. this is a conclusion
to which the directors hare themselves recently come.—
Morning. El per.
• •

flunerasrmo.—Thei-o was a good deal of business doing
on Tuesday last, but chiefly in fancy coloured kerseyineres,
and other pantaloon stuffs.
BRADFORD.—Business continues z=teady in the piece market,
and goods are disposed of as rapidly as they can be manufac-
tured ; indeed the merchants have great difficulty in keeping
a::v thing like a stock in their warehouses ; and from present
appearances there is every prospect of the present favourable
state of trade continuing._ There appears no alteration in the
yarn market tom'-day The demand continues much the same
as for the last f4w weeks, and the prices are firm. There has
been a very fair demand in the wool market during the week,
with more inquiry for wethers and wether matchings than for
hogs. We are not aware of any alteration in price.
HALIFAX.—There has been no. material alteration in the
state of this market to-day (Saturday), from what it has been
during the last two or three weeks. The demand for yarns
and manufactured goods still continues exceedingly active,
and there is a better and more steady business being tranziseted
at present than has been known during the last two years.
ROCHDALE.—We had a better Flannel Market to-day
(Monday) than ever ; there was a general demand for alt
kinds of goods ; all sorts of flannels sold rapidly. The buyers
sesmed determined to have them. All the flannels in the
market were bought up very early, also greys and dyed goods
even till it came to a scouring cloth. Many buyers did not
get as many as they wished. Prices were a shade higher this
week, and arc likely to get up. In the wool market there ap-
peared to be a fair den:nicl for Brokes and Noiles ; prices
same as last week.
LANCASHIRE.—SiIk weavingsome sorts has, within the
,^f
last few days, become rather slack ; manufacturers
th complain
it
of the rise in the raw material ;in som' qualities ey say
weavers are be
is 15 per cent. higher. Cotton hand-lood
ginning to, be scarce. Hatting at Oldham is a little better
than some months since. Factories are working full timer
in-
Calico printing is very dull indeed in the towns ronnd Mo-
ches ter. The blanket trade at Bury is very good, and
sp
wing, power-loom weaving, &c., and mechanics' trades are
very busy. The woollen trade at Rossendale and Rochdale
was scarcely ever known to be so brisk.—Leeds Mercury.

11)11i(

VV.Sl\*c

Loss OF THE PRINCE FREDERICK STEAMER:-
We' have the painful duty to announce that the Prince
Frederic!" steam-packet, Captain Wood, plying between
Goole and Lz'odon, was lost on Wednesday morning last,
on the Lorton Sands, near Yarmouth, and that three of the •
persons on board were drowned. The Prince Frederick
was to have sailed from Goole on Monday evening, but was
prevented from dour* so by the fog prevailing, and by the
south-east wind which blew strong. She sailed, however,
on Tuesday morning, and by Wednesday morning she had
got off the Suffolk coast, when, owing to the fog and the
violence of the wind, as is supposed, she went on the Cor-
ton
Sands, about five miles from Yarmouth and three from
Lowestoffe, and soon went down. The engine-man,
ham Gomersall ; the stewardess, Mrs. Holloway ; and a •
gentleman from York, name unknown, going as pas-
your);
senger, woo drowned. The rest' of the crew escaped to
land, and tve hear that there were no more passengers. The
vessel had on hoard a ve.7 vuluable cargo, about seventy
of which thirty tons were
tons of manufactured goods,
Manchester goods, and the icst chiefly from- the West .
Riding of Yorkshire ; and if is fea:ed that little or nothing ••
will be saved.—Leeds Mercury.
ACCIDENTAL ENTOMBMENT.--"P n the MOM-
of Thursday the Bth u'tin o. part of tho roof of the
coal-works belonging to the Duke de Coigny, at Kit-
grammie, near the village of Dailly, Ayrshire, set down,
-and before the men could get clear of the workings, John
Brown a native of Mid Lothian, about 60 years of age,
was intercepted in his egress, and consequently confine
in this subterraneous abode until Saturday last, the 31st,
at four in the morning, when be was restored again to light
and liberty, being thus twenty-three days without one mor-
sel of food ! When entombed be had with him a small
portion of tobacco, sufficient for one driy's consumption,
and two small flasks of • lamp oil. Some of the hitter he
attempted •to swallow, but was unable to do so, told the.
only substance he took besides tobacco, during the IN.bnin
period of his' confinement, was a strong chalyheate water
within the range of his prison, and which he declared was
" very bad indeed." His mind remained quite composed,
and continues very distinct—he never despaired of ulti-
mately escaping,' and his great anxiety, he says, was for
;he fate of Thomas Wason, the person with whom he had
for m, re than two years resided, whom he supposed bad.
perished i:hen the accident occurred, leaving a wife and
helpless family. He calculated time by the noise made by
the men at their :tated periods of work. For the first
acrd second week he - :noved about his gloomy cell, an
area of thirty yards, seekit4; every avenue of hope ; tut
latterly he became so weak as to be unable to reach
his only but disagreeable beveri;ge, the water. The
feeling of hunger left him alien! the second day,
which may be attributed, in some Areasure,. to the
found •he
astringent quality of the water. Whe,-.,
was extended on the ground, and lying on his breast; life
nearly extinct, his extremities cold, his voice reduced almost
to a iri.i.isper, or childish treble, and his emaciation so great.
as to make ;,.!'i a complete personification of the Anatomic
Vivante. his dai unshaven beard, sunken features, and
glistening eye, had give him an unc,,irthly appearance.
Generally, great danger arises f:9ln imprudently giving food
too freely to persons who have suffeaad from a,!-;stine
fince,
bbut
in Brown's case his brother labourers cautiously ist7luri-
cated his parched mouth with butter, then nye milk,
arrow-root, and sherry, in small spoonfuls, at regular inter-
vals—milk being the first thing he asked for when ho was
discovered. His pulse is regular and strong, and his tong me
clean and moist ; indeed, there is every hope of his ultimate'
restoration to health, should he receive sufficient nourish
ment in the same cautious way.. When Dr. Hill, the
ter
-
ter of the parish, visited him, he put out his hand to the.
R.6v. Doctor, and asked him to return thanks to God for
his deliverance. He feels much pleased at the interest hia
case has excited in the country, and he bestows a.glias.tly
smile of satisfaction on the numerous gazers whic44,4o
cumstance has drawn from considerable distanceAtti4o
humble cottage where lie now lies. On a forF-RrApprift
he was ento:nbed in a coal-pit for three days„r,ap&te Suff4r
rights, and ?`'e leave been informed that ot ered
4e
shipwreck,- ,„A,r b- rood aYwr ,J7it
yr Observer. -
•

)on Ili 111,12
fit