... NOTES FEOM THE EXCHANGE. All is not Gold that Glitters. Dear Sir, Capel Court, April 21, 1894. Another strong Bank return has shown the extraordinary proportion of over 63 per cent, of reserve to liabilities. The most noteworthy feature of the figures was the decrease of over half a million in Other Securities, which means, of course, that the market has been repaying its loans. Trade is bad ...

... NOTES FKOM THE EXCHANGE. All is not Gold that Glitters. Deab Sik, Capel Court, April 28, 1894. On tlie whole, quotations have moved forward during the month, and on what are called the 334 representative securities the improvement has in the aggregate amounted to thirteen millions. Cheap money has, of course, had a good deal to do with the increase in values hut the growth of public ...

... NOTES FKOM THE EXCHANGE. All is not Gold that Glitters. Dear Sir, Capel Court, May 5, 1894. With its accumulated resources and a reserve equal to 63 pqr cent, of its liabilities, the Bank must soon, we should imagine, change some of its cash for securities, and the future of the money market promises to be one of great ease for a considerable time to come. Ihe past week has produced only the ...

... NOTES FEOM THE EXCHANGE. All is no t Gold that Glitters. Dear Sir, Capel Court, May 19, 1894. You have done no harm by your little Whitsuntide holiday, for, unless you had been a bear of American Rails and South American securities, you would have lost money. Money remains a drug in the market, and the reserve of the Bank of England keeps piling up, so that we may fairly reckon on great ease ...

... NOTES FEOM THE EXCHANGE. All is not Gold that Glitters. Dear Sir, Capel Court, May 26, 1894. Gold keeps flowing into the Bank of England week by week, until tbe reserve bas actually reached £26,300,000, and the proportion in which it stands to liabilities the extraordinary figure of 67'24 per cent. There have been times of panic, dear Sir, caused by depletion of the Bank's available resources ...

... . All not Gold that Glitters. Dear Sir, Capel Court, June 9, 1894. Derby Week nas passed oil witli a general aumess or Dusiness on tne Stock Exchange, and a great tendency to take a holiday on the part of the members. For want of something better to do, we have been amusing ourselves with various athletic sports inside the House, and tugs-of-war have become quite fashionable. At present the ...

... NOTES EROM THE EXCHANGE. All is not Gold that Glitters. Dear Sir, Capel Co'urt, June 1C, 1894. The glut of money keeps discount fates low, and good three-months bills are taken at J per cent. How long gold can be piled up at the Bank of England is a matter of doubt but there are very few signs of an overflow at present, although we cannot help feeling that the continual buying of first-class ...

... NOTES FROM THE EXCHANGE. All is not Gold that Glitters. Dear Sir, Capel Court, June 23, 1894. The Stock Exchange settlement which begins on Tuesday next will have little effect on the money market, for dealings have been very restricted of late, and the glut of loanable capital is so great that the demand for accommodation would have to be very brisk to put up rates. Plenty of good three ...

... NOTES FROM THE EXCHANGE. All is not Gold that Glitters. Dear Sir, Capel Court, July 7, 1894. 1 here is an active inquiry tor gold in moderate parcels on Continental account, while improved trade is creating an increased demand for internal currency but there is no denying that, for the present, at least, the resources of t'-e money market are considerably in excess of the demand. Business on ...

... NOTES EEOM THE EXCHANGE. All is not Gold that Glitters. Dear Sir, Capel Court, July 21, 1894. The slight increase in the demand for loanable capital which appeared earlier in the week has scarcely been sustained. The reduction of £991,000 in the Public Deposits and increase of £994,000 in the Other Deposits accounts for the continued ease but you must not forget that we must now look for the ...

... NOTES EEOM THE EXCHANGE. All is not Gold that Glitters. Dear Sir, Capel Court, July 28, 1894. Yesterday was the 200th anniversary of the Bank of England. In spite of the somewhat bitter cavillings called forth by recent events, we are all rather proud of our central hanking institution, and I hope, dear Sir, you will join us in wishing another 200 years of prosperity to the Old Lady of ...

... . All is not Gold that Glitters. Dear Sir, Capel Court, Aug. 3, 1894. As the Stock Exchange closes to-morrow, I am compelled to write to you a day earlier than usual this week. For all the solid business it has done, the House might have been closed most of the week, though the gamble in Allsopps and the making of markets for third and fourth rate debenture issues at monstrous prices have ...