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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
Oct 08, 1864
Page
3
Notices to correspondents state the Pine Weekly Chronicle is published each Saturday morning and can be obtained at 982 Strand. Subscriptions can be sent to private addresses on request. Communications about Assurance Banking Mining and Public Companies should be addressed to the Editor at 282 Strand for attention.
The Moraine section notes a steadier money market as funds flow freely, with caution urged about relying on rumors. It highlights bank rate expectations, stock and bullion declines, and calls for transparent posting of bank returns to prevent information advantage. Also reports on Salomons drapery firm collapse, suspected fraud, and Fletcher and Co. creditors meeting with liabilities outlined.
The report details creditors in several failures including Moss’s offer of 9s in the £1, with three instalments at four, eight, and twelve months. It notes Gladstone and Co. suspensions, estimated liabilities from £150,000 to £500,000, and potential dividends from asset realisations. It also mentions Teale, Marine Estates Company, Anglo-Italian Bank actions, and Frankfort market conditions with lower stock values and a cautious mood despite eased German banker deficits.
From the London Gazette, an account under the 7th and 8th Victoria, cap. 32 for the week ending Wednesday October 5 1864. Chief Cashier W Minuten notes funds total £37 728 490.
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