Denton and Haughton Examiner, etc. — 1886-03-20 (Denton, Greater Manchester, England)

TALK ON CITY TOPICS. (By our City Correspondent) Since my last report a weaker tendency has been imparted to the Money Markets, brokers being unable to maintain previous rates in the face of the existing stagnation in huainess. The supply of cash is being rapidly diminished by the tax collections, while at the NAM time there has been a pretty active demand for gold for export to the Continent,.which has not only consumed the greater part of the recent arrivals here from Australia and America, but has also caused withdrawals from the Central 'netlike ion. Despite these influences, however, the fact remains that the • inquiry for accommodation in the market is insufficient for the employment of the available amount of money, and such being the ease it is impossible to raise the charges for aecommodation, particularly as very shortly the disbursements by the Government , will be adding greatly to the resources of the market. At the time of writing best three months' bills are readily discount,d at 1( per cent., and business has been done at If, the latter being the figure at which bills have been taken on German account. Considerable relief has been experienced in th 3 Stock Exchange at the signature of peace between Servia and Bulgaria, and in Foreign Government loans the advance has been more or lees important all round, but more especially so in Egyptian. As regards the Home Funds, however, the tone has net been firm, but on the contrary prices are slightly lower t hens week ago. Home Railways have fallen, the severe weather which has continued to prevail having an unfavourable effect, it being considered that working charges will be increased while reo•]pts will be checked. American lines have had a general advance, led by Reading securities, the reorganisation of which is looked forward to with hopefulness. Canadian also are higher —Grand Trunks as the effect of the dividend statement referred to last wcek. and Canadian Pacific shares on the continuous increase shown in the traffic statement. Some buying of Mexican Stocks at higher prices ha.s also taken place, the weekly traffics comparing favourably with those of last year. In other securities the upward changes have predominated, gas and water being particularly firm. The Stock Exchange Committee have appointed the ' 12th instant a special settling day irk the Victorian Government £1,500,000 Four per Cent. Loan, scrip, paid-up scrip, and stook; United States Rolling Stock Company 250,000 dots, first mortgage 6 per cent. rent estate bonds ; Commercial Bank of Australia, Limited, 5000 new £lO shares, 1:4 paid (London Register); Vicksburg, Shreveport, and Pacifie Railroad 1,000,000 dots. 6 per cent, prior lieu nioitgage gold bonds, scrip, paid-up scrip, and bonds, bonds only to be quoted; and Southern Malimtm Railway 4 per rent, debenture bonds and stock, fully-paid scrip. All the above are to be quoted, together with the Norfolk and Western Railroad further issue of 394,000 dols. improvement and extension 6 per cent. bonds; Ohio and Mississippi Railway first general mortgage 5 per cent. bonds for 3,216,000 dols. ; Jamaica Government per cent, inscribed stock, in lieu of a similar amount of 4 per cent. debentuni; Imperial Continental Gaa, further issue of £lOO,OOO capital stock; London Street Tramways new EMI shares, with £4 paid; Maxim Weston Electric Corn. pany, Limited, shares Not. 195,402 to 198104 to be added to those already gamed, and the nominal value of the shares to he regitnxd from 100. to 55.; Severn and Wye and Severn-bridge Railwny, anthorised issue of £343,000. and a present amount of £246,205 and • £15,000 gueranteed by the Midland Railway and Sharptims New Docks and Gloucester and Birmingham Navigation Companies, 4 per cent, debenture stock. Dividends have been announced during the week as under Balckow, Vaughan and Co., 54 per cent. ; Edinburgh American Mortgage, 3f per cent., making %. per cent, for the 3 ear; North British Railway, 3 PM cent, pee annum, against 41, for the Corresponding period; Caledonian Hallway, 4 per cent. par 'annum. against 4.1; Glasgow and South-Western .Railway, 4 per cent, per annum. against 44; Bank of Auetralasis, 15 per cent, per annual; Angio-Austrian Bank, 5 per cent.; Credit Fonder of Mauritius, 10 per cent.; Bristol Tramways, 4 per cent. per annum; United Li miner and Vorwohle Reek Asphalte, 2s. per share; National Liberal Land, 5 per cent, per annum ; Railway Imeatment, f per cent, per annum on the deferred rock; Commercial Union Assurance, 10 per cont., making 15 for the year ; pine River and Cantabrian I per vent- Ptg .tmturt ; Cape Copper Mining, Is. per share; Brazilian Submarine Telegraph, 6 per cent. per annum; Rallway Passengers. Assurance, 6s. Per share; Neuchatel Asphalte, Ps. per share on the Preference shares; Leiprig Tramway's, 6 per cent, per stuium; Plymouth and Dartmoor Railway, 10s, per tent per annum on the Plymouth Extension Shares, and 3s. per cent, on the preference shares; AngloCalifornian Bank, 7 per cent. Per annum .; and Union Steamship of New Zealand, d percent. per annum. fioo mined George Wood, who was undergoing sern of imprisonment at the Portsmouth Gaol, has been found deed in his cell by one of the warders, geyipg committed suicide by hakiglng himself. •4,11 to ish.; k • •