17 MAY 1856, Page 8

MONEY AlARKET.

' STOCK EXCHANGE, FRIDAY arreasooa.

The English Funds have" been very firm this week, and are about higher titan they were before the announcement of the New Loan' a 5,000,0001. The first improvement was from the consideration that the in- • statmenta extend over four months, and will be at the rate of only 626,000/. a fortnight, or considerably below the average rate of the two preview:: loans. But the principal advance was after the preliminary meeting of. capitalists at the Treamor on Tuesday, when it was elicited front the Chancellor of the Exchequerthat he does not at present contemplate a fuuding of Exchequer Bills, or sale of Savings-banks Stock ef- cept for the purposes of the banks - that no further loan in Consols beyond the present one is intended ; that additional requirements, if called for, would ' be limited, to 2,000,0001., and would consist .of Exchequer Bonds or Bills, to he issued at the end of this or the beginning of next year. It was asked whether any alteration .would be made in the • rate of interest on Exchequer Bills ; but no direct information was afforded. At this meeting nothing of interest transpired in regard to the present Loan to be contracted for on Monday next. On Wednesday, Messrs. Rothschild, announced that they were ready to receive applications for the Loan up to two o'clock today : the applications must be accompanied with a deposit of 10' per cent ; and if the allotment be less than the amount applied for, the Mt- plus deposit will be returned forthwith. The number of applications was expected 'to 'be very considerable ; but no inconvenient pressure for money in the Stock Exchange to meet the deposit has, been experienced. In the discount-market the rates are . a shade loafer than at the Bank of England. Console have ranged -during the week. from 921 to 93 f ; and large purchases have been made on account of the Scotch Banks. Today, after the closing of the subscription-list for the Loan, they advanced f, and they leave off at 93j f and 94 I for Account. Bank and India Stocks are 1 better. In Exchequer Bills there has been a return to heaviness. The French Funds have unproved a little. The Corn- market has not altered. The bullion and specie receipts have been 210,0001. from New York, (60,0001. is said to be on French account,) and 280,000/. from Australia. The statement of the Chancellor of the Exchequer last Friday in respect of the sum due on the Turkish Loan strengthens the belief that the gold-ret- mittances to Constantinople will terminate in about a week. He also ex- pressed an opinion that the bullion at the Bank is now likely to be aug- mented.

Foreign Securities have been firm, and the following have improved- Turkiah Six and. Four per Cents, lf ; Belgian, Buenos Ayres, Chiller , Mexican and Portuguese, 1. Sardinian is 1 lower. It has' been propeeed

by the Belgian Government to convert 28,000,000 francs of Belgian Five per Cent Bonds into Four-and-a-half per Cents.

Railways have improved, through the favourable tone of Consols ; but the operations connected with the arrangement of the Account on Wednes- day proved a slight check. Today purchases have increased, and in some cases there has been a further advance. Great Northern is 95 6 ; Western, 611 2 ; Lancashire and Yorkshire, 90/ 1; London, Brighton, and South Coast, 102 3 ; London and North-Western, 101f ; Midland, 76i 7. In Foreign Shares, Northern of France is 21. Ss., Sambre and Meuse. 28. 6d., Great Central of France, and Paris and Lyons, 10a. better..

SATURDAY, TWELVE O'CLOCK.

In the English Market the recent advance is well maintained; for Money are 9314, and for Account 94 4. Exchequer Bills 8 discount. In the bullion return by the Bank of England there is a decrease of 28,2984 The Foreign Market is very steady. Railways are higher, and there is much activity dis la ed—stem Counties, 101 ; Groat Northern, 951 ;

Great Western, 61 ; Lancashire and 1. ork • 914 ; London and South-

Western, 96 ; and, 771; North British, North-Eastern—Ber, wick, 801.

SATURDAY, Ores &CIRCE.

The English Funds have declined 4 since the morning ; Consols for Money are now 931 4, and for Account 93 4. Exchequer Bills 8 4 discount. In coneequence of the biddings for the Loan on Monday, the Stock Exchange will open at ten instead of eleven o'clock. In Foreign Stocks, there has been a considerable rise in Buenos Ayres—the bargains have been at 76 8 3; it closes at 73 8.

Railways are a little lower—Caledonian, 61 • Eastern Counties, 10/ ; Great Northern, 96 ; Great Western, 611 Lancaster and Carlisle, 70 ; Lancashire and Yorkshire, 905 ; London, Brighton, and South Coast, 1021 ; London and North-Western, 1024'; London and South-Western,; Mid- land, 771; North-Eastern—Berwick, 80 ; Ditto York, 56f ; South-Eastern; 714 ; Grand Trunk of Canada, A Issue, 141 ; Great Indian Peninsula, 221 ; Great Western of Canada, 26f ; Paris and Lyons, 571. Joint Stock Banks— Bank of Egypt, 51 ; English, Scottish, and Australian Chartered, 161 ; London and Westminster, 48 ; Oriental Bank Corporation, 42 ; Union of Australia, 70. Miscellaneous—British American Laud, 481 ; Canada, 136.; Crystal Palace, 2/ ; Electric Telegraph, 96 ; Peninsular and Oriental Steam; 661. 3 per Cent Consols I Dutch 21 per Cents 5

Ditto for Account 93 4 Ditto 4 per Cents 93 5 3 per Cent Reduced 921 b Mexican 3 per Cents 236 f New 3 per Cents 92f 3 Penwian.41 per Cents 77 9.

3 Long Annuities 3 -16 Ditto 3 per Cents 54 6.

Bank Stock Exchequer Bills 8 die. Russian S per Cents

211 13 Portuguese 4 per Cents 41049 5511.; India Stock 228 30 Ditto 44 per Cents 94 6

Austrian 5 per Cents 89 92 Spanish 3 per Cents 441 51 Brazilian 5 per Cents 99 101 Ditto Deferred 25 Belgian 46 per Cents 94 6 Sardinian 5 per Cents 93 Chili= 6 per Cents 303 5 Swedish 4 per Cents ..... 87 90 Daniell 5 per Cents 101 8 Turkish 6 per 984 9 Ditto 3 per Cents 83 5 Ditto 4 per Cents Guaranteed 1026 I:

At the annual meeting of the Provincial Bank of Ireland, on Thursd ay a dividend was declared at the rate of 8 per cent per annum, with a bonsc of 11. on each 1001. share (251. paid-up). The report was of a very favour.- able kind—increase of business, success of new branches, and no bed debts- The "Fibre and Paper-Manufacturing Company (Limited) "—capital 100,0001.—propose, by new processes of manufacture, to meet the increased demand for the materials for paper and for paper itself ; the former object to be attained by working a patent for making paper from "flax, hemp, jute, Indian grass, and other fibrous vegetable substances, or the tow pro- duced from such substances."

The prospectus has been issued of the " Colonial Fibre Company " ; capital 100,0001. prospectus

object of the company is to provide a supply of material for

paper, cordage, and other articles made from flax and hemp, to be produced from the plauitain and other fibrous plants of the West Indies. The com- pany is incorporated by royal charter, with limited liability.

The Societe Generale des Clippers Francais have extended their original plan : their ships will call at Southampton i a "Committee of Supervision in England " has been formed ; and a portion of the shares are offered to British capitalists.