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Newspaper
Weekly Chronicle
Location
London, Middlesex, United Kingdom
Date
Jan 21, 1865
Page
6
The weekly Bank of England account published under the 7th and 8th Victoria cap 82 shows a balance of £37,399,800. W Miter signs as Chief Cashier. The notice appears in the London Gazette.
Bank directors may cut the discount rate to 5 percent if early week improvements persist. Private securities and deposits fell about £1.5 million. bullion and note reserves edged up. Consols at 89 3 4 to 9 0. short loan rates 3 4 to 4 per cent. Rumours of new company formations revive speculative interest amid reorganisation of failed ventures. Ottoman Bank protests a London consolidation plan. foreign loan project under consideration. New York advices note easy money, steady prices, and dull grain and petroleum markets. Prussian Budget for 1865 totals 150,714,031 thalers with large permanent expenditure.
Tenders for the Cape of Good Hope loan of £ 234 000 opened with £ 295 000 offered at prices 90 to 105. Main bids came from J. and A. Scrimgeour £ 284 000 at 91 0s 6d and Linton and Clarke £ 25 000 at 95 5s. News covers Italian Land Company quotation, Egyptian loan redemption, Confederate privateer Shenandoah, Savannah distributions, and creditor windups including Cuadra Co. and John Nathan and Son.
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