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Article OUR WEEKLY INTELLIGENCE. ← Page 4 of 4 Article MONEY MARKET AND CITY NEWS. Page 1 of 1 Article MONEY MARKET AND CITY NEWS. Page 1 of 1
Note: This text has been automatically extracted via Optical Character Recognition (OCR) software.
Our Weekly Intelligence.
being spared in its production , so that it may not be unworthy of the great event it is intended to record , nor of its august original . We are informed that the highest talent is employed upon it , under the superintendence of Bro . J . Harty , of Lodge 1201 . This will prove an enduring
memorial of our triumph over the unmerited criticisms and too confident prophecies as to the decadence of onr Order , which were so rife amongst our detractors last year . The price of India proofs , a limited number of which only will
be issued , and which will be guaranteed by a stamp , is £ 1 Is , and of ordinary copies 10 s Cd to subscribers only . Application should be made either to Bro . Harty , of 9 Barnard's Inn , Holborn , or to Spencer and Co ., 23 A Great Queen Street , W . C .
The death occurred , on Monday last , of Mr . A . R . Bristow , Solicitor to the Admiralty , to which post he was appointed in 1862 . He formerly represented Kidderminster in Parliament . It is announced that the vacancy thus caused will not be filled up for the present .
The Earl of Mount Edgcumbe P . G . M . of Cornwall , has decided upon holding this year ' s meeting of the Provincial Grand Lodge at Callington .
The season at Her Majesty ' s , Drury Lane , will commence this evening , with the performance of Beethoven's Fidelia , Mdlle . Titiens enacting the role of Leonora . Bro . Sir M . Costa will , as we announced last week , resume his post as director of the music and conductor .
The programme of arrangements for the season 1875-6 at the Alexandra Palace , Muswell Hill , has been issued . It is full enough to justify a lengthy notice , which ,
accordingly , we shall give next week . Suffice it , for the present to say , that everything has been done to make the season an attractive one , and we have not the slightest doubt that the efforts of the directors Avill be successful .
By the time our present number is in the hands of our readers , Captain Boyton will have started from Dover on his trip across the Channel to Boulogne . According to the latest arrangements , the Pier authorities have given him permission to start from any part of that structure he may
select , at eleven o'clock on Friday night ; and it is expected he will reach Boulogne Pier between 1 and 3 p . m . this day . It is a venturesome journey , but it is expected Captain Boyton will achieve a victory . The Royal Humane Society
is watching the proceedings with intense interest , and rightly , for a greater boon to our sailors and those who so often risk their lives in rescuing shipwrecked people from the jaws of death cannot be imagined . We wish Captain Boyton a prosperous journey across "the silver streak" of sea .
Money Market And City News.
MONEY MARKET AND CITY NEWS .
FRIDAY . The Board of Trade returns for tbe month of March do not show any improvement in onr export trade , the total value being £ 18 , 006 , 223 against £ 20 , 100 , 814 in the corresponding month of 1 S 74 , or a decline of 7 i per cent ., while , compared with that of 1873 , the
falling off is equal to 14 J per cent . This resnlt is in great measure due to the large decrease in tho shipments of coal and iron , the quantity of the former being nearly 2 per . cent , less than in 1874 , while in iron there has been a small increase in the raw material , which , however , is more than counterbalanced by the decrease in the
manufactured article , which has fallen oiF nearly £ 600 , 000 , leaving a deficit on the total of 24 $ per cent . Machinery has increased in value nearly 10 per cent ., woollen cloths , in quantity , 13 J per cent ., worsted stull's 3 : £ per cent ., and jute goods u £ per cent ., while cottonyarn has declined 15 £ per cent ., haberdashery 7 per cent ., and silk
manufactures 17 per cent . The usual weekly return of the Bank of England , issued yesterday , shows a large decrease in the reserve , resulting froin the payment of dividends , the which commenced on Tuesday , yet the proportion of
reserve to liabilities has increased If percent , from 34 £ last week to 35 | . No change was made iu the rate of discount . Consols are quoted 93 i to 93 i for money , being an increase of i as compared with last week . The return of the Banker ' s Clsaring-houBe for the week , ending 7 th
Money Market And City News.
April , shows that £ 120 , 213 , 000 in cheques and bills passed through that establishment . Tho imports show an increase of 4 per cent ., being £ 30 , 920 , 747 compared with £ 29 , 748 , 844 in March 1874 . The chief feature in
this part of the return is a very large import of raw cotton , the arrivals being 1 , 831 , 539 cwts . against 1 , 273 , 241 cwts . in March last , or au increase of about 44 per cent . The quantity of wheat was 29 per cent , less , while tea was 32 per cent , more than in March 1874 .
At a general conrt of tho proprietors of the Bank of England , held on Tuesday , Mr . Henry Hacks Gibbs was elected governor , and Mr . Edward Howley Palmer deputy governor for the ensuing year . Mr . John Francis retired on Thursday from the postion of chief acconntant to the Bank of England , a post he has held for the past
five years . He is well known in the City as the author of the "His . tory of tho Bank of England , " and other works . Mr . Henry Gerald Aylmer was appointed as his snccessor , and Mr . Thomas William Innes deputy acconntant . Advices from Paris state that all idea of the issue of a new French
loan this year has been abandoned . At the ordinary general meeting of the Delhi and London Bank Limited , held on the 7 th inst ., a dividend of 4 } per cent , per annum was declared , the net profit for the half year , including the amount
brought forward , being £ 10 , 021 . A dividend and bonns , making 12 J- per cent , for the year , was declared at the meeting of the Anglo-Foreign Banking Company Limited , held on Thursday , the reserve fund being increased by £ 32 . 000 .
The net profit of the Bank of British North America for the year 1874 is stated to be £ 109 , 925 . It is proposed to pay a dividend at the rate of 10 per cent , per annum . An interim dividend at the rate of 10 per cent , per annum has been declared by the directors of the Bank of Alexandria : one of 6
per cent , on preference , and 5 per cent , on ordinary shares , by the Globe Telegraph and Trust Company Limited , and one of 5 s per share for the quarter ending 31 st March last by the Western and Brazilian Telegraph Company Limited . The English Eailway Market lias been exceedingly buoyant during
the week , the principal changes being increases of 3 g per cent , in Metropolitan District , 3 £ - in London and South Western , 3 J in Midland , 2 § each in South Eastern and London and Brighton Deferred , 2 f in North British , 2 i in Metropolitan , 2 eacb in Manchester aud Sheffield and Lancashire and Yorkshire , while most others exhibit an increase : Chatham , and Dover show a decrease
of 1 * . Canadian and Foreign Railways generally show little difference from last week . Mr . James M'Henry , in a circular issued to fhe proprietors of the Atlantic and Great Western Railroad , briefly sketches the hisi-ory of
the nndertakiug , and states that his efforts have saved the property , but proven the absurdity of dependence on the Erie Railway Company . He adds , that companies even more powerful than the Erie are 'willing aud anxious to exchange traffic , & c , over the several systems , that the reconstitution of the company is nnder discussion ,
and that "a railway passing over inexhaustible coalfields , and through districts producing ten million barrels of petroleum annually , and connecting the States of New York , Pennsylvania , and Ohio must , sooner or later , nnder a well-directed management , prove a prosperous concern . "
A dividend at the rate of 7 per cent , per annum was recommended at tho meeting of the San Paulo ( Brazilian ) Railway Company Limited . The profits , after deducting interest on debentures and debenture stock amounting to £ 113 , 148 . The report of the Recife and San Francisco Pernambuco Railway Company Limited , to bo
presented to tho meeting on the 13 th inst ., announces tho proposed pay ment of a dividend for the half-year at the rate of 5 i per cent , per anunm , leaving £ 1137 to be carried forward . The report of the National Life Assurance Society shows that the policies issned during 1874 were 10 per cent , in excess of those
issued in 1873 ; tbe Assurance Fund now represents £ 004 , 590 . The new policies issued by the British Empire Mutual Life Assurance Company during tho past year wore 915 in number , yielding in proniinms £ 7 , 318 ; the total income of the year was £ 116 , 423 , and the accumulated fund is now £ 574 , 230 .
At the meeting of tho London and County Provident Institution , held on 7 th inst ., it was stated that the revenue of tho society for the past year was £ 2 , 586 , being an iu ¦ ¦ -. <¦ case of nearly 40 per cent , over that of the previous year .
The report of tho Cuba Submarine- Telegraph Company shows an available total of £ 2 , 897 . The dividends for the year 1874 of the Eastern Extension , Australasia and China Telegraph Company Limited , amounted to 6 i per cent , per annum , the reserve fund now stands at £ 75 . 453 .
At the half-yearly meeting of tho South Metropolitan Gaslight and Coke Company , held on the 5 th inst ., a dividend at the rate of 5 pet cent , was declared making 10 per cent , for the year . The accounts , subject to audit , of the Australian Moat Agency ( Tallennan ' s ) Company Limited shew a balance sufficient to pay tho usual dividend of 10 per cent .
Note: This text has been automatically extracted via Optical Character Recognition (OCR) software.
Our Weekly Intelligence.
being spared in its production , so that it may not be unworthy of the great event it is intended to record , nor of its august original . We are informed that the highest talent is employed upon it , under the superintendence of Bro . J . Harty , of Lodge 1201 . This will prove an enduring
memorial of our triumph over the unmerited criticisms and too confident prophecies as to the decadence of onr Order , which were so rife amongst our detractors last year . The price of India proofs , a limited number of which only will
be issued , and which will be guaranteed by a stamp , is £ 1 Is , and of ordinary copies 10 s Cd to subscribers only . Application should be made either to Bro . Harty , of 9 Barnard's Inn , Holborn , or to Spencer and Co ., 23 A Great Queen Street , W . C .
The death occurred , on Monday last , of Mr . A . R . Bristow , Solicitor to the Admiralty , to which post he was appointed in 1862 . He formerly represented Kidderminster in Parliament . It is announced that the vacancy thus caused will not be filled up for the present .
The Earl of Mount Edgcumbe P . G . M . of Cornwall , has decided upon holding this year ' s meeting of the Provincial Grand Lodge at Callington .
The season at Her Majesty ' s , Drury Lane , will commence this evening , with the performance of Beethoven's Fidelia , Mdlle . Titiens enacting the role of Leonora . Bro . Sir M . Costa will , as we announced last week , resume his post as director of the music and conductor .
The programme of arrangements for the season 1875-6 at the Alexandra Palace , Muswell Hill , has been issued . It is full enough to justify a lengthy notice , which ,
accordingly , we shall give next week . Suffice it , for the present to say , that everything has been done to make the season an attractive one , and we have not the slightest doubt that the efforts of the directors Avill be successful .
By the time our present number is in the hands of our readers , Captain Boyton will have started from Dover on his trip across the Channel to Boulogne . According to the latest arrangements , the Pier authorities have given him permission to start from any part of that structure he may
select , at eleven o'clock on Friday night ; and it is expected he will reach Boulogne Pier between 1 and 3 p . m . this day . It is a venturesome journey , but it is expected Captain Boyton will achieve a victory . The Royal Humane Society
is watching the proceedings with intense interest , and rightly , for a greater boon to our sailors and those who so often risk their lives in rescuing shipwrecked people from the jaws of death cannot be imagined . We wish Captain Boyton a prosperous journey across "the silver streak" of sea .
Money Market And City News.
MONEY MARKET AND CITY NEWS .
FRIDAY . The Board of Trade returns for tbe month of March do not show any improvement in onr export trade , the total value being £ 18 , 006 , 223 against £ 20 , 100 , 814 in the corresponding month of 1 S 74 , or a decline of 7 i per cent ., while , compared with that of 1873 , the
falling off is equal to 14 J per cent . This resnlt is in great measure due to the large decrease in tho shipments of coal and iron , the quantity of the former being nearly 2 per . cent , less than in 1874 , while in iron there has been a small increase in the raw material , which , however , is more than counterbalanced by the decrease in the
manufactured article , which has fallen oiF nearly £ 600 , 000 , leaving a deficit on the total of 24 $ per cent . Machinery has increased in value nearly 10 per cent ., woollen cloths , in quantity , 13 J per cent ., worsted stull's 3 : £ per cent ., and jute goods u £ per cent ., while cottonyarn has declined 15 £ per cent ., haberdashery 7 per cent ., and silk
manufactures 17 per cent . The usual weekly return of the Bank of England , issued yesterday , shows a large decrease in the reserve , resulting froin the payment of dividends , the which commenced on Tuesday , yet the proportion of
reserve to liabilities has increased If percent , from 34 £ last week to 35 | . No change was made iu the rate of discount . Consols are quoted 93 i to 93 i for money , being an increase of i as compared with last week . The return of the Banker ' s Clsaring-houBe for the week , ending 7 th
Money Market And City News.
April , shows that £ 120 , 213 , 000 in cheques and bills passed through that establishment . Tho imports show an increase of 4 per cent ., being £ 30 , 920 , 747 compared with £ 29 , 748 , 844 in March 1874 . The chief feature in
this part of the return is a very large import of raw cotton , the arrivals being 1 , 831 , 539 cwts . against 1 , 273 , 241 cwts . in March last , or au increase of about 44 per cent . The quantity of wheat was 29 per cent , less , while tea was 32 per cent , more than in March 1874 .
At a general conrt of tho proprietors of the Bank of England , held on Tuesday , Mr . Henry Hacks Gibbs was elected governor , and Mr . Edward Howley Palmer deputy governor for the ensuing year . Mr . John Francis retired on Thursday from the postion of chief acconntant to the Bank of England , a post he has held for the past
five years . He is well known in the City as the author of the "His . tory of tho Bank of England , " and other works . Mr . Henry Gerald Aylmer was appointed as his snccessor , and Mr . Thomas William Innes deputy acconntant . Advices from Paris state that all idea of the issue of a new French
loan this year has been abandoned . At the ordinary general meeting of the Delhi and London Bank Limited , held on the 7 th inst ., a dividend of 4 } per cent , per annum was declared , the net profit for the half year , including the amount
brought forward , being £ 10 , 021 . A dividend and bonns , making 12 J- per cent , for the year , was declared at the meeting of the Anglo-Foreign Banking Company Limited , held on Thursday , the reserve fund being increased by £ 32 . 000 .
The net profit of the Bank of British North America for the year 1874 is stated to be £ 109 , 925 . It is proposed to pay a dividend at the rate of 10 per cent , per annum . An interim dividend at the rate of 10 per cent , per annum has been declared by the directors of the Bank of Alexandria : one of 6
per cent , on preference , and 5 per cent , on ordinary shares , by the Globe Telegraph and Trust Company Limited , and one of 5 s per share for the quarter ending 31 st March last by the Western and Brazilian Telegraph Company Limited . The English Eailway Market lias been exceedingly buoyant during
the week , the principal changes being increases of 3 g per cent , in Metropolitan District , 3 £ - in London and South Western , 3 J in Midland , 2 § each in South Eastern and London and Brighton Deferred , 2 f in North British , 2 i in Metropolitan , 2 eacb in Manchester aud Sheffield and Lancashire and Yorkshire , while most others exhibit an increase : Chatham , and Dover show a decrease
of 1 * . Canadian and Foreign Railways generally show little difference from last week . Mr . James M'Henry , in a circular issued to fhe proprietors of the Atlantic and Great Western Railroad , briefly sketches the hisi-ory of
the nndertakiug , and states that his efforts have saved the property , but proven the absurdity of dependence on the Erie Railway Company . He adds , that companies even more powerful than the Erie are 'willing aud anxious to exchange traffic , & c , over the several systems , that the reconstitution of the company is nnder discussion ,
and that "a railway passing over inexhaustible coalfields , and through districts producing ten million barrels of petroleum annually , and connecting the States of New York , Pennsylvania , and Ohio must , sooner or later , nnder a well-directed management , prove a prosperous concern . "
A dividend at the rate of 7 per cent , per annum was recommended at tho meeting of the San Paulo ( Brazilian ) Railway Company Limited . The profits , after deducting interest on debentures and debenture stock amounting to £ 113 , 148 . The report of the Recife and San Francisco Pernambuco Railway Company Limited , to bo
presented to tho meeting on the 13 th inst ., announces tho proposed pay ment of a dividend for the half-year at the rate of 5 i per cent , per anunm , leaving £ 1137 to be carried forward . The report of the National Life Assurance Society shows that the policies issned during 1874 were 10 per cent , in excess of those
issued in 1873 ; tbe Assurance Fund now represents £ 004 , 590 . The new policies issued by the British Empire Mutual Life Assurance Company during tho past year wore 915 in number , yielding in proniinms £ 7 , 318 ; the total income of the year was £ 116 , 423 , and the accumulated fund is now £ 574 , 230 .
At the meeting of tho London and County Provident Institution , held on 7 th inst ., it was stated that the revenue of tho society for the past year was £ 2 , 586 , being an iu ¦ ¦ -. <¦ case of nearly 40 per cent , over that of the previous year .
The report of tho Cuba Submarine- Telegraph Company shows an available total of £ 2 , 897 . The dividends for the year 1874 of the Eastern Extension , Australasia and China Telegraph Company Limited , amounted to 6 i per cent , per annum , the reserve fund now stands at £ 75 . 453 .
At the half-yearly meeting of tho South Metropolitan Gaslight and Coke Company , held on the 5 th inst ., a dividend at the rate of 5 pet cent , was declared making 10 per cent , for the year . The accounts , subject to audit , of the Australian Moat Agency ( Tallennan ' s ) Company Limited shew a balance sufficient to pay tho usual dividend of 10 per cent .