Welsh Newspapers

Search 15 million Welsh newspaper articles

Hide Articles List

43 articles on this Page

MONEY MARKET. I - -I

News
Cite
Share

MONEY MARKET. LONDON", Tuesday. Rather better inquiry prevailed for discounts,but as there is an abundance of money lying idle, rates keep low. Inquiry on the Stock Exchange account was comparatively slight. Banks lent to the House at the rate of 1 to i per cent. per annum for the fortnight. Day-to-day loans were not wanted, and were quoted at to per cent., and thiee months' hills are negotiated at i to iI per cent. Continental Exchanges are ruling rather more favourably to up, but no particular change can be reported. The Paris Cheque rate was telegraphed 25'18. On the Stock Exchange scarcely anything was done beyond arranging account. Stock was not plentiful, particularly in the English Railway Market, where enforcement of fines was not in. K freotieiit. Continuation rates in all cases were light, and it does not appear that there are large differences to be paid thia settlement. True, a considerable rise has taken place in American Railways, but this is mainly a rfflecti-on of the movement reported from New York, and does not represent actual dealings here for a moment. Indeed, Stock Exchange business is very quiet, and it does not seem lijceiy that pay day will bo a busy day. Rome Government Securities were flat. Con- sols fell 116, closing at 99 to 991 for delivery and account.. Reduced and New 3 per Cents, 99g to lool Nc exv 24 per Cents., 87j to 88. A very quiet business was done in the English Railway Market, and butsiight changes occurred. i The tendency was not strong. Heavy lines were scarce on the Great Western and North-Eastern, thuir backwardation being about £ per cent. The revenue statement of th* Manchester,Sheffield,and Lincolnshire Railway shows a loss in nett revenue up to July 19th of 92,110 Great Eastern traffic shows an increase of £105: Great North < f Scotland show a decrease of £ 1,030. Great 5, Western was very strong at the close, leaving off K 2 per cent, better than yesterday. Great Eastern B rose s '• North-Western, i North British, 1 North Staffordshire, A Caledonian fell £ Hull and Barnsley, » Brighton A, i Chatham Or,-Iiti,%ry, do. Preference, I South Western, i. Indian Railways, with not much doing, were r steady. In Canadian Railways business was quiet, but the tone steady. Grand Trunks liim. Ordinary t rose J. l'ir"t Prpfrencp. 1; Second, I3 Third, J 1; ..nd Four Per Cent., la. The announcement of the completion of t aegotiati' ns whereby the New York Central acqu>re the West Shore Line has had a good offect upon American Railways, and the future is looked forward to with more confidence. Erie rose â: Ditto Second, i; New York, Pennsylvania, and Ohio First tortjf»pre, 1|; Lake Shore, 14 New York Ontario, s New Yoik Central, Ij Philadelphia and Ke;ninnr, Pennsylvania, i Wabash, i Di to Preference, 3. Chicago and Milwaukee fell Ai lagan's Foreign Railways, Mexicans were fl.it. Tr;ifiic disappointing. There was a drcreitso of £ 1,200, the actual receipts being fg,GW. Ordinary feilj; Lombards anil Varnas unaltered. Very little was passing in Foreign Stocks. F,gyl)t iii were firm Oil the issue of the new loan. Other speculative issues were steady, bnt very quiet. oil H\1..¡ian stocks there was a backwarda- tion of tbt)iit carrying over rates as rule w r ed from 1 to 3 per cent. Egyptian rose i to I; Italian ar.d Spanish, g Ottoman Defence, 2 Portuguese fell Peruvian 6 per Cents., £ French 3 per Cents., i Argentine Hard DulJars, ] better. B"nk,ational Provincial of England, J612 pa'd, rose | Imperial fell 1. IiiKorance.—Royal ro, Mine*. — G> e;»t Laxey 1 i»e South Frances, 1; Wh- ai Gie»ivil!e, g Mason and Barry fell g Rio 'l'imo, Poo(.^ibaud Silver and Lead, Mysore Gold rose i Richmond.. T<fgraph:.—Eastern fell Globe rose t. Tr;,iii Vs.-Ittill fell i Tramways Union, i. Watevwi rk*.—East London fell 2 Kent rose 2. Miscellaneous.—African Steamship fell 1; Suf z Canal, llu Json's Bay, No bullion operations hw.k place at the Bank. The rotes telegraphed from the East Were: — Bombay Telegraphic Transfers, Is 6 23r32d Calcutta do., Is bid; Hong Kong 4 n»onths' bill*, 3s 7^d Shanghai do., 4s ll|d. Silver was steady. Bars were quoted nt 49Ad; Mexican dollars, 48 ll-16d. Tin director., of the Midland Hotel, Birming- ham, Limited, have paid an interim dividend at the rate of 10 pet cent. per annum for the six months ending 30th June last. In our advertising columns will be found the prospectus of the Egyptian Guaranteed 3 por Cent. L >an of 9 millions ster'ring, issued by Messrs N. M. Rothschild & Scos, London and Pari", with the approval of her Majesty's Government. The price of issue is 954 per cent., and subscriptions will ba opei.ed on Thursday, the 30th inst., in London, Paris, Berlin, and Frankfort, and closed the same day at 4 p. m. I The first coupon for three i*ontba' interest will be payable on September 1st next. The loan Is issued under the joint and several guarantees of Great Britain, Germany, Austria, Hungary, France, Italy, and Russia. The bonds will be redeemed by purchase, if under par, otherwise by drawoigs at par. Translations of the Inter- national Convention and Khedival decreo are appended.

Advertising

[No title]

---CLEVELAND IRON MARKET.

SOUTH WALES TIDE TABLE

LOCAL CHARTERING TRANSACTIONS.

Advertising

LLANDAFF DIOCESAN CONFERENCE.

RECKLESS COLLIERS.

Advertising

PRICES AFTER OFFICIAL HOURS.…

WRECKS AND CASUALITIES.

SHIPS FOR ORDERS.

SWANSEA BAY SIGNAL STATION.

LUNDY SIGNAL STATION.

LIZARD SIGNAL STATION.

.GOODWOOD MEETING.

MORNING GALLOPS.

NEWMARKET NOTES.

MANCHESTER BETTING.—YESTERDAY.…

[No title]

CRICKET.I

SOUTH WALES CRICKET WEEK.

[No title]

RITUALISM AT ABERDARE.

Advertising

DEATH OF SIR MOSES MONTEFIORE.

ESCAPE OR SEVEN MJRDERERS…

MUTIY AD MURDER ON

Advertising

PRIZE DAY AT LLANDOVERY COLLEGE.

------------fA MISSING SWANSEA…

THE TRADE DEPRESSION AT DOWLAIS.

- ------_.-A CHESTER MISER.

AN ENGLISH SEAMAN DROWNED…

THE INCORPORATION OF KIDWELLY.

A COMMERCIAL TRAVELLER FOUND…

.-----------BRISTOL REPORTERS…

HORRIBLE CRUELTY ON BOARD…

DEATH FROM HYDROPHOBIA

MAfJSLAUGHTElUNA HOUSli OF…

IRONWORKERS AND INTENSE HEAT.

Advertising