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This newspaper page contains 4 articles. Subscribers can read the full text of each article.
Newspaper
Weekly Chronicle
Location
London, Middlesex, United Kingdom
Date
Jan 28, 1865
Page
5
A notice in The Weekly Chronicle announces a Feb 11 issue listing all UK insurance companies. It will tabulate firm names by fire life accidental death hail storm marine and others with principal officer and place of business. Orders to Newsvendors or Publisher 282 Strand.
London Gazette notice details an account under the Act 7th and 8th Victoria cap 32 for the week ending January 25 1865. It concerns the issue department notes issued by the Bank of England and published in the Gazette.
The Bank Directors reduced the discount rate from 5 1/2 to 5 percent amid market inactivity and hopeful signs for future terms. Money at call falls to 4 percent, seven day notices drop to 4 1/3, and fourteen day terms to 4 1/3. Deposits earn 4 percent at most joint stock banks. Public securities initially rise on the news, while Austrian Credit shares surge as lenders eye a government deal. Reports of a Mexican loan circulate, but plans appear tentative and aimed at resource development.
A sweeping financial digest notes unstable market value for shares driving away solid buyers, and outlines the Prussian Bank expansion at Altona, Norddeutsche Bank dividends, and currency reform plans in Hamburg. It also covers speculative Bombay land schemes, mining doldrums in Germany, Italian loan reception, American bond shifts, and recent shipwreck insurance developments.
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