Note: This text has been automatically extracted via Optical Character Recognition (OCR) software.
Money Market And City News.
MONEY MARKET AND CITY NEWS .
FRIDAY . Although tho general volume of business continues upon a somewhat limited scale , the various movements of the week have a decidedly healthy appearance . Money 13 fairly abundant , and the rate 3 for carrying over transactions to the next account , Avhich wero
adopted at the settlement just concluded , were very light in most instances . Tho stock markets , therefore , have shown a disposition to respond to this more hopeful condition of affairs , and a sensible Improvement is noted in many cases . The Board of Trade returns , just issued , do not , however , bear ont the conclusions that had been
formed of a natural extension of our imports and exports in the first month of the year . As regards nearly ovcry Horn of exports there is a distinct falling off in quantities , while the decrease in proportionate value is considerably larger . The actual figures for the month represent a total value of £ 16 , 986 , 760 against £ 19 , 472 , 467 ,
in 1874 , and £ 20 , 298 , 547 in 1873 , the decrease on last rear's amount being equal to l 2 i per cent . Under the head of imports the tables show a slightly more favonrablo result , inasmnch as tho total imports for the month are valued at £ 32 , 375 . 675 , being an increase of 3 J per cent , upon tho corresponding month of last vear , when the
total amount was £ 31 , 274 , 404 , against £ 27 , 397 , 673 in 1873 . A great deal of attention having recently been directed to tho issue of two new foreign loans , it may bo supposed from their being so well taken up in this country that tho financial position and prospects of tho borrowers is considered satisfactory , and that the prico of issue and
other details have been acceptable . The success of tho issue of Turkish Five per Cents , last September , and tho still more recent success of the Brazilian Loan , are striking examples of the credit attached to the obligations entered into by tho respective Governments . The good reception of a loan does not , however , depend
entirely on the actual merits of the soenrity itself , or on the price of issue . Many examples could bo given where loans havo proved complete failures although there could be no qnestion cither as to the tangible prospects of tho security , or as to the cheapness of the price of issue . The tasto or fancy of investors at the time of
issue , with other surrounding circumstances , has 710 doubt a consider-•able influence on the reception of a loan , such , for instance , as the state of the Money Market and foreign politics , which tell visibly on tho results ; the supply of money in tho hands of the public available for investment , necessarily forms another important
consideration in estimating the probable success of any new operation of this nature . It may theveforo be asserted for those reasons , which are clearly to bo distinguished as external causos , that there are at all times important influences at work which have more to do with tho success of a new loan than the merits and features of tho
stock actually presents in itself . There can bo no doubt , as remarks the Financier , that as regards loans for any but countries holding the highest rank for Avealth and honesty of purpose , somo very stringent
Money Market And City News.
measures are necessary for compelling a full and true statement of the position of the finances , as well as for setting up some tangible security for tho regular payment of tho interest and sinking funds . The most certain means of obtaining these ends are for investors to abstain from applying for loans that aro issued without these
safeguards . And as regards the aconracy and truthfulness of such statements lot equivocation or falsehood in this respect be held by the Stock Exchange Committee to bo as great an offence as the nonfulfilment of obligations , and let it be dealt with in the same way . Through tho Bank return being weaker than last wook , the markets are inclined to droop a little , tho proportion of reserve to liabilities
now standing at 42- } , compared with 43 per cent , in the previous account ; nevertheless the English Funds maintain a steady appearance , and are quoted 92 J to 93 for money , 93 to 93 J for the account . The outlines of business in tho Foreign markets wore tolerably favourable until the publication of the Bank retnrn , when prices
gave way to a trifling extent . Thore is nothing , however , to bo considered of much importance in tho movements . A telosrram has been received announcing that arrangements have now been finally concluded between tho Turkish Government and the Ottoman Bank , whoreby the difficulties relative to tho recent convention have at last been settled .
Replying to a deputation which urged such an alteration in tho mode of collecting Queen ' s taxes as would relieve private individuals of that duty , the Chancellor of the Exchequer one day this week stated that if tho feoling of tho country was in favour of the collection being undertaken by a Government officer , he saw no reason Avhy
it should not be done . Tho real difficulty Avas in the opposition which had hitherto been raised to that proposal . The market for English railways AVAS at one time extremely bnoy . ant , bnt the excitement has since toned down , and the average rango of prices has not been altogether maintained .
The Government broker has purchased £ 50 , 000 new three per cent , stock on account of tho National Debt Commissions and tho Post Office Savings' Banks . It is announced from Paris that the new Municipal Loan has been subscribed for forty-two-and-a-half times over . The deposit money
paid into the Treasury amounts to 848 , 000 , 000 francs . Wo understand that a requisition , signed by the holders of Brighton railway stock to the amount of £ 1 , 000 , 000 has been forwarded to the Chairman , requesting him to cull a meeting to consider the advisability of dividing the ordinary stock into A and B shaves .
The London and North Western dividend is announced at the rate of 74 per cent ., against 8 per cent , last year . Tho Lancashire and Yorkshire announce their dividend at the rate of 61 per cent . Messrs . Stallard and Smith in their monthly wine circular state that " the progress of the 1874 wines in France is reported as sati * -
tory , but will continue to be watched with interest , in consequence of the peculiarities of the vintage ; they show much vinosity with delicacy of flavour and bouquet , but at the same time a slight want of colour and firmness . For shipping purposes 1872 ' s and 1873 ' s aro
more inquired for , and good prices have been paid for the best growths offering on the market . At Cognac the market is without much life , in consequence of tho paucity of foreign orders ; at present growers do not appear inolinod to moot the shippers limits . "
Ad01402
Genuine§anfen9F8ower&AgriculturalSeeds. WM . CUTBUSH JUN ., BARNET NURSERIES , BARNET , HERTS , begs to announce that his Catalogue of tho above is now ready , and will be forwarded , post free , on application . W . C . Jun . begs to say his stocks of the above are of the finest and most genuine kinds , and ho can with confidence recommend them . W . C . . Tun . also begs to call the attention of planters to his fine stock of EVEBGBEENS , BOSES , FRUIT TBEES , & c . Catalogues on application ., post free .
Ad01404
THEREDLIONTAVERNANDHOTEL, _ E 3 _ J _ Gr jri _ E 3 > A _ _ EO J _ vT _ tU ' -L . BED AND BREAKFAST , INCLUDING ATTENDANCE , 21 s per -week . GOOD DINNERS . GOOD WINES . GOOD BEDS . FIRST CLASS STABLES . CABBIAGES TO BE LET . BILLIARDS , QUOITS , CROQUET , & c , & c . ACCOMMODATION FOR PRIVATE SHOOTING MATCHES .
Ad01405
PLAYING CARDS —by the Best Makers —of the Finest Quality , sent by Post on receipt of Stamps , prico per pack Is 6 d , ls 9 d , 2 s and upwards . W . W . MORGAN , 67 Barbican , E . C .
Ad01406
THE WESTMINSTER PAPEES , Vol . 1 , No . 12 , for FEBRUARY , now ready . Sixponce . CHESS , WHIST , GAMES OV SJCIM . AHD THE DHAKA . W , \ V . MOKGAJT , C 7 Barbican , London , E . C .
Ad01403
" TT'OR the BLOOD ia the LIFE . " —See JP Deuteronomy , chap , xii ., verse 23 . CLARKE'S WORLD-FAMED BLOOD MIXTUBE , Trade Mark , — "Blood Mixture . " THE GREAT BLOOD PUTtlFIER & RESTORER , For cleansing aud clearing the blood from all impurities , cannot be too highly recommended . For Scrofula , Scurvy , Skin Diseasoa , and Sores of all kinds it is a never-failing and permanent cure . It Cures Old Sores , Cures Ulcerated Sores on tho Neck , Cures Ulcerated Sore Legs , Cures Blackheads , or Pimples on the Face , Cures Scurvy Sores , Cures Cancerous Ulcers , Cures Blood and Skin Diseases , Cures Glandular Swellings , Clears the Blood from ail Impure Matter , From whatever cause arising . As this Mixture is pleasant to the taste , and warranted free from anything injurious to the most delicate constitution of either sex , the Proprietor solicits sufferers to give it a trial to test its value . Thousands of Testimonials from all parts . Sold in Bottles , 2 s 3 d each , and in Cases , containing six times the quantity , lis each—sufficient to effect a permanent cure in the great majority ot long-standing cases—BY ALL CHEMISTS AND PATENT MEDICINE VENDORS throughout the United Kingdom and the world , or sent to any address on receipt of 27 or 132 stamps by F . 3 . CLARKE , Chemist , High Street , Lincoln . Wholesale : All Patent Medicine Houses .
Ad01407
YOUNG'S Arnicated Corn and Bunion Flaisters are the best ever invented for giving immediate ease , and removing those painful excrescences . Prico 6 d and Is per box . Any Chemist not having them in stock can procure them . Observe the Trado Mark—H . Y . —withont which none are penuine . n <> Snre and ask for Young ' s .
Note: This text has been automatically extracted via Optical Character Recognition (OCR) software.
Money Market And City News.
MONEY MARKET AND CITY NEWS .
FRIDAY . Although tho general volume of business continues upon a somewhat limited scale , the various movements of the week have a decidedly healthy appearance . Money 13 fairly abundant , and the rate 3 for carrying over transactions to the next account , Avhich wero
adopted at the settlement just concluded , were very light in most instances . Tho stock markets , therefore , have shown a disposition to respond to this more hopeful condition of affairs , and a sensible Improvement is noted in many cases . The Board of Trade returns , just issued , do not , however , bear ont the conclusions that had been
formed of a natural extension of our imports and exports in the first month of the year . As regards nearly ovcry Horn of exports there is a distinct falling off in quantities , while the decrease in proportionate value is considerably larger . The actual figures for the month represent a total value of £ 16 , 986 , 760 against £ 19 , 472 , 467 ,
in 1874 , and £ 20 , 298 , 547 in 1873 , the decrease on last rear's amount being equal to l 2 i per cent . Under the head of imports the tables show a slightly more favonrablo result , inasmnch as tho total imports for the month are valued at £ 32 , 375 . 675 , being an increase of 3 J per cent , upon tho corresponding month of last vear , when the
total amount was £ 31 , 274 , 404 , against £ 27 , 397 , 673 in 1873 . A great deal of attention having recently been directed to tho issue of two new foreign loans , it may bo supposed from their being so well taken up in this country that tho financial position and prospects of tho borrowers is considered satisfactory , and that the prico of issue and
other details have been acceptable . The success of tho issue of Turkish Five per Cents , last September , and tho still more recent success of the Brazilian Loan , are striking examples of the credit attached to the obligations entered into by tho respective Governments . The good reception of a loan does not , however , depend
entirely on the actual merits of the soenrity itself , or on the price of issue . Many examples could bo given where loans havo proved complete failures although there could be no qnestion cither as to the tangible prospects of tho security , or as to the cheapness of the price of issue . The tasto or fancy of investors at the time of
issue , with other surrounding circumstances , has 710 doubt a consider-•able influence on the reception of a loan , such , for instance , as the state of the Money Market and foreign politics , which tell visibly on tho results ; the supply of money in tho hands of the public available for investment , necessarily forms another important
consideration in estimating the probable success of any new operation of this nature . It may theveforo be asserted for those reasons , which are clearly to bo distinguished as external causos , that there are at all times important influences at work which have more to do with tho success of a new loan than the merits and features of tho
stock actually presents in itself . There can bo no doubt , as remarks the Financier , that as regards loans for any but countries holding the highest rank for Avealth and honesty of purpose , somo very stringent
Money Market And City News.
measures are necessary for compelling a full and true statement of the position of the finances , as well as for setting up some tangible security for tho regular payment of tho interest and sinking funds . The most certain means of obtaining these ends are for investors to abstain from applying for loans that aro issued without these
safeguards . And as regards the aconracy and truthfulness of such statements lot equivocation or falsehood in this respect be held by the Stock Exchange Committee to bo as great an offence as the nonfulfilment of obligations , and let it be dealt with in the same way . Through tho Bank return being weaker than last wook , the markets are inclined to droop a little , tho proportion of reserve to liabilities
now standing at 42- } , compared with 43 per cent , in the previous account ; nevertheless the English Funds maintain a steady appearance , and are quoted 92 J to 93 for money , 93 to 93 J for the account . The outlines of business in tho Foreign markets wore tolerably favourable until the publication of the Bank retnrn , when prices
gave way to a trifling extent . Thore is nothing , however , to bo considered of much importance in tho movements . A telosrram has been received announcing that arrangements have now been finally concluded between tho Turkish Government and the Ottoman Bank , whoreby the difficulties relative to tho recent convention have at last been settled .
Replying to a deputation which urged such an alteration in tho mode of collecting Queen ' s taxes as would relieve private individuals of that duty , the Chancellor of the Exchequer one day this week stated that if tho feoling of tho country was in favour of the collection being undertaken by a Government officer , he saw no reason Avhy
it should not be done . Tho real difficulty Avas in the opposition which had hitherto been raised to that proposal . The market for English railways AVAS at one time extremely bnoy . ant , bnt the excitement has since toned down , and the average rango of prices has not been altogether maintained .
The Government broker has purchased £ 50 , 000 new three per cent , stock on account of tho National Debt Commissions and tho Post Office Savings' Banks . It is announced from Paris that the new Municipal Loan has been subscribed for forty-two-and-a-half times over . The deposit money
paid into the Treasury amounts to 848 , 000 , 000 francs . Wo understand that a requisition , signed by the holders of Brighton railway stock to the amount of £ 1 , 000 , 000 has been forwarded to the Chairman , requesting him to cull a meeting to consider the advisability of dividing the ordinary stock into A and B shaves .
The London and North Western dividend is announced at the rate of 74 per cent ., against 8 per cent , last year . Tho Lancashire and Yorkshire announce their dividend at the rate of 61 per cent . Messrs . Stallard and Smith in their monthly wine circular state that " the progress of the 1874 wines in France is reported as sati * -
tory , but will continue to be watched with interest , in consequence of the peculiarities of the vintage ; they show much vinosity with delicacy of flavour and bouquet , but at the same time a slight want of colour and firmness . For shipping purposes 1872 ' s and 1873 ' s aro
more inquired for , and good prices have been paid for the best growths offering on the market . At Cognac the market is without much life , in consequence of tho paucity of foreign orders ; at present growers do not appear inolinod to moot the shippers limits . "
Ad01402
Genuine§anfen9F8ower&AgriculturalSeeds. WM . CUTBUSH JUN ., BARNET NURSERIES , BARNET , HERTS , begs to announce that his Catalogue of tho above is now ready , and will be forwarded , post free , on application . W . C . Jun . begs to say his stocks of the above are of the finest and most genuine kinds , and ho can with confidence recommend them . W . C . . Tun . also begs to call the attention of planters to his fine stock of EVEBGBEENS , BOSES , FRUIT TBEES , & c . Catalogues on application ., post free .
Ad01404
THEREDLIONTAVERNANDHOTEL, _ E 3 _ J _ Gr jri _ E 3 > A _ _ EO J _ vT _ tU ' -L . BED AND BREAKFAST , INCLUDING ATTENDANCE , 21 s per -week . GOOD DINNERS . GOOD WINES . GOOD BEDS . FIRST CLASS STABLES . CABBIAGES TO BE LET . BILLIARDS , QUOITS , CROQUET , & c , & c . ACCOMMODATION FOR PRIVATE SHOOTING MATCHES .
Ad01405
PLAYING CARDS —by the Best Makers —of the Finest Quality , sent by Post on receipt of Stamps , prico per pack Is 6 d , ls 9 d , 2 s and upwards . W . W . MORGAN , 67 Barbican , E . C .
Ad01406
THE WESTMINSTER PAPEES , Vol . 1 , No . 12 , for FEBRUARY , now ready . Sixponce . CHESS , WHIST , GAMES OV SJCIM . AHD THE DHAKA . W , \ V . MOKGAJT , C 7 Barbican , London , E . C .
Ad01403
" TT'OR the BLOOD ia the LIFE . " —See JP Deuteronomy , chap , xii ., verse 23 . CLARKE'S WORLD-FAMED BLOOD MIXTUBE , Trade Mark , — "Blood Mixture . " THE GREAT BLOOD PUTtlFIER & RESTORER , For cleansing aud clearing the blood from all impurities , cannot be too highly recommended . For Scrofula , Scurvy , Skin Diseasoa , and Sores of all kinds it is a never-failing and permanent cure . It Cures Old Sores , Cures Ulcerated Sores on tho Neck , Cures Ulcerated Sore Legs , Cures Blackheads , or Pimples on the Face , Cures Scurvy Sores , Cures Cancerous Ulcers , Cures Blood and Skin Diseases , Cures Glandular Swellings , Clears the Blood from ail Impure Matter , From whatever cause arising . As this Mixture is pleasant to the taste , and warranted free from anything injurious to the most delicate constitution of either sex , the Proprietor solicits sufferers to give it a trial to test its value . Thousands of Testimonials from all parts . Sold in Bottles , 2 s 3 d each , and in Cases , containing six times the quantity , lis each—sufficient to effect a permanent cure in the great majority ot long-standing cases—BY ALL CHEMISTS AND PATENT MEDICINE VENDORS throughout the United Kingdom and the world , or sent to any address on receipt of 27 or 132 stamps by F . 3 . CLARKE , Chemist , High Street , Lincoln . Wholesale : All Patent Medicine Houses .
Ad01407
YOUNG'S Arnicated Corn and Bunion Flaisters are the best ever invented for giving immediate ease , and removing those painful excrescences . Prico 6 d and Is per box . Any Chemist not having them in stock can procure them . Observe the Trado Mark—H . Y . —withont which none are penuine . n <> Snre and ask for Young ' s .