London, Sept. 4.
The markets are showing a weak tendency owing to_ the Japanese disaster and the Italo-Greek crisis. Japanese securities yesterday were not very seriously affected owing to the inadequacy of the information with regard to the extent of the damage. Pending further information jobbers marked the prices of Japanese bonds down one to two points, and discouraged dealings. Tokio Electric Light bonds and Tokio Municipality bonds showed the heaviest falls, namely and 3 points.
Although the liability of Insurance Companies is limited by a clause excluding earthquakes, the London market is likely to lw considerably interested, financially. For example, certain buildings in Japan are specially covered against risk of damage by earthquake, chiefly the Grand Hotel at Yokohama, which was specially insured for £115,000 and the Yokohama United Club, insured for £80,000. The total of such insurance is estimated at £250,000 at: a premium of one per cent. per annum There were numerous inquiries yesterday for further insurances of this kind and a rate of two per cent. per annum was quoted. Marine insurance underwriters are anxious for news with regard to the extent of their financial interests.
Text read from the printed page and cleaned; old type leaves the occasional error.