26 JUNE 1875, Page 1
The failures of last week have not been followed by
any serious calamity. One or two more failures have oeogrred- notably that of Messrs. Wilson and Armstrong, of Alderman- bury—and the shares of several joint-stock companies have de- clined ; but gold is still pouring into the Bank, the rate of dis- count has not been raised, and there is no visible cause to excite alarm. A slight feeling of uneasiness remains, however, due mainly to the heavy known losses in the iron and India trades.
