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Stock Exchange Information	Index	Stock Exchange Information

Stock Exchange Information — 1878

Extracted from: The Stock Exchange Year-Book for 1878, by Thomas Skinner

In the case of companies worked upon the cost-book principle the laws of ordinary partnership prevail as regards the liability of shareholders ; it is quite unlimited.

Ebbw Vale Steel, Iron, and Coal Company, Limited. — Directors: E. Coward (Chairman), W. Sumner (Deputy-Chairman), F. Philips, W. Richardson, A. Sington, N. Shelmerdine, and F. Tothill. Secretary: R. Smith. Office: 86, King Street, Manchester. — This company was established in 1864. The capital is £2,383,200 in shares of £32, of which £2,159,775, or £29 per share, is paid up. There are also, a first mortgage of £100,000, second mortgage debentures of £54,000, and debenture loans of £466,800. The accounts are made up annually to March 31, and submitted in June. After two or three very bad years there was for 1876-7 a profit of £4,790 after writing off £22,028 for depreciation of property. Resolutions have been passed by the shareholders to write off £9 per share for losses in trading and difference in value of property (which was re-valued in January, 1876); and application will be made to the Court to confirm this under the "Companies' Amendment Act," passed last session. The company is quoted in the official list. Transfer form, common; fee, 2s. 6d. per deed.

Eberhardt and Aurora Mining Company, Limited. — Directors: E. L. J. Ridsdale (Chairman), E. Applegarth, H. A. Hammond, W. Baxter, J. Wild, and Capt. F. Drake (Manager). Secretary: A. Critchett. Offices: 15, Angel Court, London, E.C. — The company was established in 1870 to acquire and work a silver-ore property in America. The capital is £275,280 in fully-paid shares of £10. The accounts are made up to June 30 and December 31, and submitted in November and April. In the midst of immense excitement, a first dividend of £1 per share was paid in 1871, and the shares rose to £40 upon a telegram that a great lode had been struck. No further dividend was paid till 1876, for which year 4 per cent. was divided. The company is quoted in the official list. Transfer form, common; fee, 2s. 6d. per deed.

Eclipse Gold Mining and Quartz Crushing Company, Limited. — Directors: R. U. Potts (Chairman), J. Hulbert, and S. J. Wilde. Secretary: F. R. Bluett. Office: 18, Finsbury Circus, London, E.C. — The company was started in March, 1874, to take over the Eclipse Mine, in the county Inyo, California, formerly the property of the Eclipse Gold Mining Company, Limited. The capital was fixed at £70,000 in shares of £1, half to be "deferred." It appears that 10,213 shares have been issued, and fully called up. There are also 200 first mortgage debenture bonds of £25 each, bearing 20 per cent. per annum interest, payable by coupon the 1st of January, April, July, and October, and redeemable at par July 1, 1880. The accounts are made up annually to December 31, and submitted in May or June. No dividend has yet been paid. Transfer form, common; fee, 1s. per deed.

Elbe Colliery Company, Limited. — Directors: Col. G. Allan, J. C. Fuller, J. Jenkins, W. H. Norton, and J. F. Stace. Secretary: T. Russel. Office: 8, Leadenhall Street, London, E.C. — The company owns and works certain collieries in Bohemia. The paid-up capital is £39,725. The accounts are made up annually to December 31, and submitted in April. For 1872 a dividend of 5 per cent. was paid, but no payment has since been made. Transfer form, common; fee, 2s. 6d. per deed.

English and Australian Copper Company, Limited. — Directors: R A. Routh (Chairman), A. Cobbett (Deputy-Chairman), S. Herapath, Rt. Hon. G. C. Bentinck, M.P., and J. R. Frewer. Secretary: C. B. Rogers. Offices: 6, Gracechurch Street, E.C. — The company was established in 1851. The capital is £210,000 in shares of £3, of which £175,000, or £2 10s. per share, is paid up. The accounts are made up annually to June 30, and submitted in February, but an estimate of profit and loss to December 31 is submitted in August. Dividends were resumed in March, 1872, by payment of 5 per cent. for the year ending June 30, 1871. Ten per cent. was paid for 1871-2, 3 for 1872-3, 4 for 1873-4, 8 for 1874-5, and 10 for 1875-6. The first half of 1876-7 was closed with a debit balanoe of £6,620. Reserve, £11,450. The company is quoted in the official list. Transfer form, common; fee, 1s. per seller.

Exchequer Gold and Silver Mining Company, Limited. — Directors: Earl Poulett, Lord Louth, Maj.-Gen. C. Campbell, S. Smith, H. Syme, and W. G. Romaine, C.B. Secretary: W. C. Chalmers. Offices: 114, Palmerston Buildings, Old Broad Street, London, E.C. — The company was registered June 28, 1869, to acquire and work a property in California. Fully-paid shares of £1 to the number of 99,777 are quoted in the official list. No report or balance-sheet can be obtained. Transfer form, common ; fee, 2s. 6d. per deed.