Welsh Newspapers

Search 15 million Welsh newspaper articles

Hide Articles List

32 articles on this Page

-------MONEY MARKET.

News
Cite
Share

MONEY MARKET. LONDON. FtIDAY EVESDSO. A fair demand for money has prevailed to-day lor commercial purposes, but rates are easy at the quotations. Bank bills, two months, 4 to 41 per cent; three months, 4 per cent; four and six months, 41 to 44 yer cent. Trade bills, 2, 3, 4, 6 month, 5, to 6 per cent. The Stock markets opene;t £ irregularIy and price; were weak, but towards noon a strong rally oc- curred in the English Railway Market, and prices rapidly improved until the close, when they -were at their best. In the market for International Stocks the Egyptian Unified and Preference Serip3 were in demand, an was also the Turkish General Debt. The arrange- menta made by Mr Rivers Wilson have com- jdetely thwarted French speculators, who wished the ne .v loan to be a failure, and there would ap- pear to be very little prospect now of any bear movements being successful. The prospects of cheaper money, the improvement of business in the Unite 1 States in a probable revival of emigra- tion give a somewhat brighter out-look, but The business situation is so far without material change. We append the record of business done in the Stock markets:— British Funds.—3 per cent Consols, 95g, 64, V li, J do do f Account, 951, G, i, i 1-16, 5-16 3 per cent Reduced, 04 to 94s New 3 per cent, 94 to 94.1. Indian Government Sect, ri tie- -Indian Stock, 4 per cent, October, 1888. lOO-^ Foreign Government Securities.—5 per cent Chilian, 1873, 64 Chinese, 1877, IOOJ 4 per cent, Columbian, 1873. 4"} J per cent Egyp- tian, Unified, 53, £ 3}, g 7 per cent do, Preference, 722 to 73|; 6 per cent Guatemala, 1869, 20 5 per cent Hungarian, 1871, 6n to 673 5 per cent do, 1873, 69§ 6 per cent do, 1873, Treasury, 103 6 per cent do, 1374, do, 98 to 67.5 5 per cent Italian, Maremraana Railway, 75; 3 per cent Mexican, 7i; 5 per cent Peruvian, 1872, 11.; to 11; 3 per cent Portuguese, 1853-67, 50 £ to 50^ 5 per cent Russian, 181)2, £ Sterling, 775, i, f 5 per cent do, 1870. k 5 cent, do, 172, 78; 5 per cent do, 1373, 82à, 1, 1; 6 per cent Turkish, 185S, 22; G per cent do, 1862, 18, 17a, 18J, 17 J, 18; 5 per cent do, 1865, lll., g, 2 6 per ccnt do, 18f>9, 15.V, §.§,§; 6 per cent ao, 1871 Egyptian Tribute, 52 to 51J 9 per cent do, Treasury, 1873, 12J, 5, 13J 6 per cent Argentine Hard Dollars, 44^ 5 per cent French Re rites, ex 25 francs, 73; Italian, ex 25 francs, 74k United States, 1867, 371, 346, 350 dollars, issued up to 27th Feb., 1869, redee u 1887, 109 5 per cent do, Funded, redeem 1881, 108J 4\ per cent Funded. 103J. » RaIl wa.ys.-Urdinary Shares and Stocks.— Caledonian, U;, 74. it 9, i, i Great Eastern, 51), §, 2; Great Northern, 10G^; do, A, 1074 Great Western "Consolidated Ordinary," 94 f, 5; L.-inc.shire and Yorkshire. 120J London. Brighton, and South Coast, Deferred, 139$, §, I. 40. London, Chatham, and Dover Arbitra- tion. 27, 62, n, 1; London and North Western, 1012 London Tilbury, and Southend, 90J; 4 Manchester,Sheffield, aud Lincolnshire, 751 to 76 Metropolitan District, 61, J, 2k, 2, 1J Mid- land, 120; North British, 90,4,, J, J, J, §, 1, 3, i do, Edinburgh and Glasgow Ordinary, 34 to 35J; North Eastern "Consols," 133 b, J, }, 4, i South Eastern, Deferred, 125J to i251. Railways-Preference1 Shares and Stock&- p Ijondon, Chatham, and Dover, Arbitration, 4\ per cent, S0 £ 1, £ « North Eastern New Pre- ference, 100A, 100*. # P,.tilways.-Brlitish Possessioo"Å tlantic and St. Lawrence Shares leased to Grand Trunk, 1021, 2, 3 East Indian, guaranteed 5 per cent, 1232, 4, J, 32, 4 Grand Trunk of Canada, 6 9-16 do 5 per cent Perpetual Debt Stock, 73.t to 73 Great Indian Peninsular guaranteed 5 per cent, 119f, 19. 20 Madras, guaranteed 5 per cent, 1081 to 1091 S cinde, Pnnjanb, and Delhi, guaranteed 5 per cent shares, 108; Tasmanian Main Line, Deb. guaranteed 5 per cent, 62f. Telegraphs. — Anglo, Deferred, 35 to 34| Eastern. Lira, 7 £ to 7 5-16; Globe Telegraph, 5 to 4 5-16 dtto, 6 per cent Pref, 10i to 10; West In(li. and Panama, 6 per cent Pref. 7 15-16. Banks.—Alliance, Lim, lOï; Anglo-Egyptian Banking, Lim, 21 to 2i; Bank of Ept, 6; Bank of New South Wales, 55 English Scottish, and Australian Chartered, 22 Hong Kong and Shanghai Bank Corp., 36 to 36; Imperial Otto- man, 9 to 8; London and County, 58 to 58| London Joint Stcck, 411 National Provincial of England, 4n. Gas.—Gas Light and Coke A, Ordinary, 151, j, 2!, 50, 1, 50 do do, 7 per cent Maximum, 113J; Imperial Continental, 151 to 150t. Miscellaneous. Egyptian Khedive Daira Sanieh, Con. Deb. Scrip., 631,3, t. il h, 4 English and Australian Copper, Limited, 1 to J. Tramways. Anglo-Argentine, Limited, 5a; London 6 per cent Preference, 121- The Great Western of Brazil Railway Com- pany has been formed to carry out a concession granted by the Provincial Government of Pernambuco, confirmed by Decree of the Im- perial Government of Brazil, for constructing and working a railway from the sea-port city of Per- nambuco to Limoeiro, a distance of about 50 miles, with a branch to Nazareth, in all about SO miles. The railway will have terminal stations at Pernambuco, Limoeiro, and Nazareth, with intermediate stations at San Lourenoo, Pao d' Alho, Tracunhaem, Camarigibe, Carapina, &c. The terms of the decrees relating to the conces- sionq include a guarantee of 7 per cent. per annum for 30 ear;1, on au outlay on the railway works and for necessary preliminary and other expenses, not exceeding 5,000 contos of reis, Brazilian cur- rency, equal at the rntc fixed by the decrees to £ 562,500. The railway will traverse the rich and productive Capibaribe valley, and convey to Per. nambuco for shipment, a large proportion of what forms the tolal exports of the province. There being no navigable rivers, the bulk of this valuable traffic, as well as large return traffic, now carried chiefly by pack-horses, will be conveyed by the railway. The City of Pernambuco has, including Olinda suburbs, a population of about 135,000, and boat :)0 steamers call at Pern a', nbuco every month. Various certificates, the original of which may be seen at the company's offices, have been famished by the Chamber of Commerce, the members of the Provincial Assembly, and by the leading mercantile and banking establishments of Pernambuco, showing that the traffic already ex- isting is sufficient to give a profitable retura IItJOU the capital expended, even without taking into consideration the development which must be stimulated by the improved means of trans- port. The shareholders will have a double assur- rauce for tiro dividend secured to them. The company possesses for 90 years a monopoly of the co, district it serves, and ia authorised to charge rates of tariff exception ally favourable, and until the net revenue shall excee i 12 per cent, per annum, no deduction in such rates can be required. For the Erincipal terminus station, and for goods ware- ous-s, the Government have ceded the company a valuable site adjoining the harbour at Per- nauibnco. An agreement for the construction of the works has been made. The contractors will receive deferred shares in lieu of cash for the amount by which the total expenditure (including any extra works required by the directors) exceeds the g iarantee I c tpifcal but such deferred shares will not rank for dividend until 7 per cent haa been paid on all ordinary shares. The works are to be proceeded with at once, and are to be completed to Limoeiro by end of ISbl, and to Nazareth by end of 1882. The" directors of the new comnany include the Uight Hon. Sir Jaweii Ferg usson, B.rt. (chairman), who is well this district; Mr David Davies, M.P. for the Cardigan Boroughs, and chairman of the Ocean Steam Coal Company, who has carefully super- vised the working plans of the railway; Mr Spencer Herapati;, Angel Court, London, E.C., director of the Buenos Ayres Great Southern Railway Company, and who has been connected with some of the most successful railway systems. The company's concessions under the above decree authorise the co npany to raisa an l call up at once the £ 300,000, ti.e capital of th# eompany, and the guaranteed interest of 7 per cent is payable half-yearly in Lon- don, reckoning from the date of the deposits with the company's bankers, and the certificate thereof being lodged with the delegate of the Imperial Treasury in London,

DALLY STOCK AND SHARE LIST.

Advertising

[No title]

Advertising

KIXG ALFRED'S PALACE.

Advertising

WIND AND WEATHIiR CHART.

PASSAGES IN THE LIFE OF A…

[No title]

Advertising

SHREWSBURY NOVEMBER MEETING

---,-FOOTBALL.

THE DESPERATE ATTEMPT AT WIFE…

. THE GOVERNOR OF FIJI AT…

AN HI is G A RUN FARM.

LOCOMOTIVES WITHOUT FIRE.

[No title]

[No title]

FOOTBALL.

DUFFRYN AND GRAIGSCHOOL BOARD.

INSPECTION OF MINES AT NANTYGLO.

'--A STIPENDIARY FOR TREDEGAR.

Advertising

IN PARLIAMENT—SESSION 1879,

Advertising

LATEST MARKETS. -----I

MR W. E. FORSTER ON COFFEE…

Advertising

SOUTH WALES TIDE TABLE.

VESSELS SIGNALLED AT THE LIZARD.

IN PARLIAMENT.—SESSION 1879.