35

May 2, 1868.

Aus:
The Money Market Review, 2. Mai 1868. S. 494/495.
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The Market Value of the Finance Co. Shares.

International Financial Co: stated that the Co possessed at close of 1867: £44,081 in cash, £19,813 in bills, £241,737 lent on securities, £717,227 in investments, Total £1,022,858. 150,000 shares of £10, worauf £5 paid. Present quotation £3 to £3. 5s. A large amount invested in Metropolitan Sewage Co, a concern, for the present, speculative, although it may become ultimately profitable.

London Financial Association: Statement issued by the Directors, Sept. 67, showed:

Dr. Loans, investments, and current accounts £1,379,791
Cr. Securities held against money lent, viz:
Railway Debentures £330,743
Lloyd’s Bonds 919,785
Preference Shares 730,580
Ordinary Shares 919,785
£2,900,893

The Liabilities to public last July (’67) £280,000, reduced in following Sept. to £228,000. Capital of 40,000 shares of £50 each (£2,000,000), paid per share 30£, also £1,200,000. The market price p. share 22 discount, or only 8l. per share mit £30 paid. So der 40,000 shares Marktpreis £280,000 instead of the £1,200,000 paid by the shareholders. Of course, die Railway investments not worth anything like par, aber durch depreciation der shares [the difference] too great. Large portion of the securities held consist of bonds and shares of Welsh Railway. Seven railways in which the association held an interest had been opened for traffic in 12 months. Daher:

Summary of the Position of the financial Cos:
Prices of Finance Shares.
April 1865. April 1867. Present Price. April 1868.
Credit Foncier of England. £6 pm. ⦗on 100,000 shares. £5 paid.⦘ £7 disc. ⦗on 200,000 shares. £9 paid⦘ £7 disc. ⦗on 200,000 shares. £10 paid.⦘
General Credit. £2. 10s. pr. ⦗250,000 shares. £4 paid⦘ £3 disc. ⦗200,000 shares. 7l. 10s. pd.⦘ £2. 10s. dis. ⦗200,000 shares. £7. 10s. paid.⦘
Internat. Financial £1. 10s. pr. ⦗150,000 shares. £5 paid.⦘ £2. 15s. dis. ⦗150,000 shares. £5 pd.⦘ £2. 15s. dis. ⦗150,000 shares. £5 paid⦘
London Financial. £7. 15s. pr. ⦗40,090 shares. £15 paid⦘ £23 disc. ⦗40,000 shares. £25 paid⦘ £22 disc. ⦗40,000 shares. £30 paid⦘
Values of the Properties at the respective Periods:
Credit Foncier of England £1,100,000 £400,000 £600,000
General Credit 1,625,000 900,000 1,000,000
Intern. Financial 975,000 337,500 437,500
London Financial. 910,000 80,000 80,000
Total £4,610,000 £1,717,500 £2,117,500.


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.