Bank of France

Aus:
The Money Market Review, 4. Januar 1868. S. 14; 11. Januar 1868. S. 43; 18. Januar 1868. S. 59; 25. Januar 1868. S. 87; 1. Februar 1868. S. 119; 8. Februar 1868. S. 147; 15. Februar 1868. S. 183; 22. Februar 1868. S. 215; 29. Februar 1868. S. 243; 7. März 1868. S. 275; 14. März 1868. S. 299; 21. März 1868. S. 323; 28. März 1868. S. 355; 4. April 1868. S. 387; 11. April 1868. S. 419; 18. April 1868. S. 443; 25. April 1868. S. 467; 2. Mai 1868. S. 500; 9. Mai 1868. S. 522; 16. Mai 1868. S. 544; 23. Mai 1868. S. 568; 30. Mai 1868. S. 592; 6. Juni 1868. S. 618; 13. Juni 1868. S. 635; 20. Juni 1868. S. 659; 27. Juni 1868. S. 683; 4. Juli 1868. S. 3; 11. Juli 1868. S. 27; 18. Juli 1868. S. 51; 25. Juli 1868. S. 83; 1. August 1868. S. 111; 8. August 1868. S. 139; 15. August 1868. S. 167; 22. August 1868. S. 191; 29. August 1868. S. 215; 5. September 1868. S. 235; 12. September 1868. S. 255; 19. September 1868. S. 275; 26. September 1868. S. 295; 3. Oktober 1868. S. 315; 10. Oktober 1868. S. 335; 17. Oktober 1868. S. 359; 24. Oktober 1868. S. 379; 31. Oktober 1868. S. 403; 7. November 1868. S. 423; 14. November 1868. S. 447; 21. November 1868. S. 467; 28. November 1868. S. 500; 5. Dezember 1868. S. 515; 12. Dezember 1868. S. 539; 19. Dezember 1868. S. 567; 26. Dezember 1868. S. 591.
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(Rate of Discount B.o.E. ditto) January to December 1868.
Week ending January. 4. Week ending January 11. Week end. January 18. Week end. January. 25. Week end. February 1. Week ending Febr. 8. Week ending February 15. Week end. Febr. 22. Week end. Febr. 29. Week end. March 7. Week ending March 14. Week ending March 21. Week ending March 28.
1) Coin and Bullion. D. 1,287,000£ D. 13,000 I. 68,000 I. 1,090,000 I 624,000 I 844,880 I. 880,000 I. 928,000 I. 720,000 I. 186,640 I 400,000 I. 747,000 I 360,000
2) Discounts. Loans. (Bills) I. 2,133,000 D. 20,000 D. 1,026,500 D. 148,000 293,320 D 1,680,000 D 333,500 D 528,000 D 370,000 D 280,000 D 600,000 D. 360,000 I 26,500
3) Rate of Disct. French: 21/2 Engl. 2%. No Change No change No change No change No change No change No change No change No change No change No change No change
4) Notes in Circulation. I. 2,560,000 I. 413,000 Notes Amount: £48,805,315
I 925,000
D. 304,000 Nts. Amount 48,498,967.
D. 160,000
48,098,887
D 384,000
48,051,513
D 45,000
47,544,974
D. 376,000
D. 93,500 47,940,020
I. 360,000
47,540,000
D. 400,000
47,423,677
D. 112,000
47,420,200
D. 224,000
5) Stock of Bull. (Coin)  Diese Angabe konnte in der „Money Market Review“ nicht ermittelt werden.
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£39,320,000
39,379,440 41,084,360 41,708,656 42,552,002. 43,433,870. 44,360,820 45,080,400 45,664,000 46,425,020 46,581,120
Week ending April 4 Week end. April 11 Week end. April 18 Week end. April 25. Week end. May 2 Week end. May 9 Week ending May 16. Week end. May 23 Week end. May 30 Week end. June 6 Week end. June 13 Week end. June 20 Week end. June 27
1) Coin and Bullion D. 693,500 D 750,000 D 192,000 I. 346,500 I. 136,000 I. 552,000 I. 213,500 I. 720,000 I 820,000 I. 460,000 D 118,266 I 280,000 I 280,245
2) Discounts. Loans. I. 845,000 I 60,000 D 130,000 I 228,000 I 1,800,000 D 1,867,000 I. 208,000 D 960,000 I. 173,500 D. 268,000 D 342,774 I 93,320 I 91,757
3) Rate of Discount No change No change No change No change No change No Change No change No change No change No change No change No change No change
4) Notes in Circulat. Amt. 48,354,583£
I. 1,160,000
48,706,580
I. 352,000
D 224,000 48,143,257
D. 366,500
I. 2,180,000 D. 1,853,500 D 544,000 D 544,000 I. 100,000 I. 264,000 47,594,461
D 546,060
47,830,461
I. 236,000
48,204,390
I. 373,362
5) Stock of Bull. (Coin) 46,068,905 45,318,905 45,126,000 45,470,057 45,606,000 46,373,000 47,093,000 £47,913,000 48,373,000 48,251,181 48,531,181 48,809,148
Week ending July 4. Week end. July 11 Week ending July 18 Wk. end. July 25 Week end. August 1 Week end. August 8 Week end. August 15 Wk. end. Aug. 22 Week ending August 29 Week end. September 5 Week ending Sept. 12 Week end. Sept. 19 Week ending Sept. 26
1) Coin and Bullion D. 41,602 D 589,155 D 21,728 I 581,603 I 304,863 I. 771,580 I 1,365,378 I 912,381 I 303,243 I 176,238 D 499,314 D 113,092 D 58,453
2) Discounts. Loans. I 795,787 D 169,979 D 676,743 I 105,820 I 985,885 D 2,098,070 I 4,329,190 I 2,311,665 D 1,366,506 D. 1,300,000 D 952,007 D 554,037 D 206,999
3) Rate of Discount. No change No change No change No change No change No change No change No change. No change No change No change No change No change
4) Notes in Circulat. Amount of Notes: £49,793,400
I 1,588,750
50,405,583
I 613,500
50,859,533
I 453,500
50,963,493
I 103,906
51,424,993
I 461,554
50,067,187
D. 1,357,806
50,339,918
I 272,731
49,462,044
D 877,874
48,805,452
D 656,592
49,557,978
I. 752,526
48,898,184
D. 659,794
48,812,810
D 85,374
48,849,232
I 36,422
5) Stock of Bull. (Coin. 48,767,546 48,178,391 48,156,663 48,738,266 49,043,129 49,814,709 51,180,087 52,092,468 52,395,711 52,571,949 52,072,635 51,959,543 51,901,090
Week ending October 3 Week end. Oct. 10 Week end. Oct. 17 Week end. Oct. 24 Week end. Oct. 31 Week end. November 7 Week end. November 14. Week ending Nov. 21 Week ending November 28 Week end. December 5 Week ending December 12 Week ending December 19 Week ending December 26.
1) Coin et Bull. D 952,220 D 890,075 D 877,549 D 268,677 D 643,786 D 582,497 D 721,165 D 449,494 D 281,512 I 511,444 D. 535,006 D 437,547 D. 192,000
2) Discounts. Loans. D 119,226 I 183,002 I 664,673 D 772,564 I. 448,844 I. 586,943 D 127,722 D 13,423 I 226,141 I. 746,146 D 110,095 D 295,684 I 540,000
3) Rate of Discount. No change No change No change No change No change No change No Change England 21/2 since 19 Nov. ’68

France: 21/2 (since 30 May ’67)

No change England 3% since Dec. 3, ’68

France 21/2%

No change No change No change
4) Notes in Circul. Amount of Notes 50,356,550£
I 1,507,318
49,836,368
D 520,182
50,496,708
I 660,340
49,894,248
D 602,460
50,652,988
I. 758,740
51,339,184
I 686,196
50,924,598
D 414,586
51,170,814
I. 246,216
50,744,284£
D 426,530
51,692,244
I 947,960
51,405,300
D 286,944
51,131,536
D 273,764
51,555,536
I 424,000
5) Stock of Coin. Bull. 50,948,870 50,049,795 49,172,246 48,903,569 48,259,783 47,677,286 46,956,121 46,506,627 46,225,115 46,736,559 46,201,553 45,764,006 45,956,006|

January 11, 1868.

Aus:
The Money Market Review, 11. Januar 1868. S. 31
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Railways und State Control.

Economist  The Money Market Review: at length
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at last
reluctantly admits: „sole remedy for the present discredit in the railway market is an independent audit of the accounts of railway Cos by official auditors appointed by the State.“ „The Govt is the only uniform authenticator possible.“  Zusatz von Marx.
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Review bemerkt:
the audit ought not to be optional  Zusatz von Marx.
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(wie Economist will)
but compulsory upon every Railway Co.

Aus:
The Money Market Review, 11. Januar 1868. S. 32–34.
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Caledonian Railway.  Zusatz von Marx.
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(Report of Committ. of Investigation)

Ihre accounts enthalten all frauds possible. Directors gentlemen without business experience. Rely only upon their officials, 17 of whom were paid salaries in proportion to the dividend declared. The dividend declared July 1867 was nearly 6% p.a. Then erschien challenging statement, daß sie nur etwas über 4%. Committee now states it (noch zu hoch) etwas unter 3%. In den 2 last financial years expenditure of capital £1,982,765, dividends for same period in ordinary stock £556,726, little more than 1/4 of the sum borrowed.

Aus:
The Money Market Review, 11. Januar 1868. S. 34/35
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Contract Corporation (Lim.)  Zusatz von Marx.
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(Chancery in(?))

Shares 100£. Haben nun ganz to be paid. Shareholders ruined. Mit alle dem erhalten Creditors nur 2s. 6d. in the pound.

Aus:
The Money Market Review, 11. Januar 1868. S. 36/37
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Insurance Cos. Their Getting up and Winding up  Zusatz von Marx.
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(Workingmen beschissen)
.

Failure of Insurance Cos. very calamitous for those immediately interested in them. Strangely got up and launched. Illustration: One concern (Insurance Co) started about 2 years ago, with a capital of £500,000; but only £150,000, or less than 1/3 of this capital, was subscribed for. for £10,000, payable under the articles of association for promotion money, was, in fact, payable to the manager, he having assumed another name for the occasion. This, we suppose, was money advanced to purchase the directors, for, by means of this same purchase money the interest of nearly every director in the Co. was made to appear as fully paid up. In 18 months, which was the utmost extent of its career, the Co. did much mischief. First, it became the focus of 5 several amalgamations mit other Cos; and thus acquired nearly 400 shareholders, now liable as contributories, but prepared to contest it. None of the directors in any of these amalgamating concerns took any share or interest in the Co. to which they thus handed over their own shareholders. And these projects, we may presume, had been got up upon the same liberal and philanthropical principles, and pure und disinterested motives, as the Co. in question. In one instance there were special provisions for annuities in favour of such of the directors as were not to receive any of the emoluments to be distributed amongst the members of the new board, and of their widows after them! They were evidently prudent, farseeing man, these directors of the amalgamating Cos Zusatz von Marx.
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!
Zweitens, the directors of the Co in question had granted insurances to some 150,000 insurers, most of whom were making weekly or monthly payments, in accordance mit den terms of their policies, also workingmen in victims. Drittens: They had appointed, before the scheme collapsed, about 700 agents in the U. Kingd., from whom balances appear to be due upwards of £25,000; but all or almost all of these agents repudiate their liability. Court has, therefore, resorted to the extraordinary expedient of appointing a special commission to take evidence in relation to them in London, in Manchester, and 3 other principal towns. Trotzdem, not more than 1% has still been recovered. Sobald dieß Co. nicht länger could go on, shareholders’ meeting held mit view to wind it up voluntarily. Resolution to this effect carried und liquidator appointed – Niemand anders als Mr. Manager who had got up the Co Zusatz von Marx.
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!
The object of such winding up and such Liquidator, of course, to avoid the disclosures of an official liquidator Zusatz von Marx.
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!
Aber mißlang. Da voluntary liquidator superseded durch official one who makes these preliminary revelations. Up to the time at which he wrote, the official liquidator had received upwards of 1000 claims upon the Co. Amongst these claims one for £1,600 on the part of the manager and previous liquidator, und, of this claim, £600 made upon an unpaid cheque on account of salary. Drawn when there were cheques already issued to £1,300 more than the balance at the Co’s bankers. The remainder was for an alleged deposit by the manager, who, through his assignee, claimed £2,600 for unpaid salary. This gent, not content with the £10,000 he obtained for getting up the Co., wants £2,600 for bringing it to ruin in the Winding-up Court. The Co which this manager mismanaged never issued but one balance-sheet, and that was entirely false and fraudulent. Two balance sheets were prepared, „both of the same date, but materially differing in nearly every line; one corresponding with the books, the other corresponding with them in scarcely |22 very single item“; the one was suppressed, the false one issued. During the 18 months’ existence of the Co. this manager managed to bring into use some 850 books, exclusive of those at the 700 agencies, and exclusive of those handed over by the amalgamated Cos, making probably more than 2000 books; and, although some 30 clerks were employed by the Co., their salaries were all in arrear, and there was a gap in the account books for 4 months out of the 18, which can only be filled up from a heap of loose and disorderly papers.

Aus:
The Money Market Review, 11. Januar 1868. S. 37.
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Silk in 1867. (Annual Circular of Durant et Co.[)]

Total importation scarcely 10% in excess of 1866, deliveries almost identical. Prices for all, but the best classes (always small proportion of the whole) so to 20 to 25 P.Ct. below those of the commencement of the year. Manufacturers have kept their stocks at the lowest possible point, thus escaping serious mischief.

Aus:
The Money Market Review, 11. Januar 1868. S. 37.
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Agricultural Implements. 1867. (Annual Circular of Burgess and Key.)

Great increase in the demand for agricultural implements, besonders for reaping and mowing machines. Mainly from the necessity for machinery which the increasing deficiency of agricultural labourers creates, besonders in all that relates to the securing of crops.



Inhalt:

  • Inhaltsverzeichnis von Friedrich Engels
  • 1869 I Heft
  • Money Market. 1868.
  • Money Market Review. Jahrgang 1868.
  • The Economist. Jahrgang 1868. Nachträge
    • The Economist. Jahrgang 1868.
    • Inhaltsregister für 1868 Jahrgang. („Money Market Review“ und „Economist“.)
    • Kommentar zu George Joachim Goschen
      • George J. Goschen: The Theory of the Foreign Exchange. 7th edit. London 1866.
      • Friedrich Ernst Feller, Carl Gustav Odermann: Das Ganze der kaufmännischen Arithmetik
      • Inhalt.