26 JULY 1856, Page 12

MONEY MARKET.

STOCK EXCHANGE, FRIDAY AFTERNOON.

Great tranquillity continues to prevail in the English Stock Market : the public have been only moderate buyers, and the speculators abstain from acting either for a fall or rise. Both classes are anxiously watching the ex- tent of the operations in gold between England and France. On Monday it was stated that the Bank of France have made arrangements with Lon- don firms for a supply of 4,000,0001. from this country ; but the report re- quires confirmation : it is quite true, however, that purchases continue, and, considering the present rate of exchluge, at a loss of about per cent. The Bank of Prance are also calling in their advances, and have intimated to all to whom they have lent money, that they are required to repay the whole or part. About 100,0001. of gold was purchased on Tuesday for the French Credit Mobilier, to carry on their speculations in Spain, Austria, and other places ; and it is said that a large amount of gold is transmitted to the Bank of Vienna from London and Paris. The sale of securities in Paris to repay loans to the Bank of France, the late events in Spain, fear of intervention, and the doubtful state of the weather, have caused dulness on the Bourse ; and this has been increased through a preference now shown for Railway obligations, many of them with the Government guarantee attached, and offering other inducements, being thought below their real value ; and the French public are disposed to exchange Rented for such securities.

Our Funds have been / higher : Consols have ranged from 951 to 951 ; today they are / lower, and leave off at 951 1 and 951 for the Account. There has been less doing this week in Bank Stock, India Stock, and Ex- chequer Bills ; and the prices have not altered. Money is plentiful on the Stock Exchange at 3 percent. A payment of 1,000,0001. on the New Loan was made on Thursday. There has been an arrival of 200,0001. from New York, and 60001. from Australia. Some satisfaction has been felt that the remittance of specie to India and China by the last packet was less than for some time past— namely, 342,2861. Foreign Securities have been firm, but very little alteration has occurred. Turkish Six per Cents are 1 better ; Spanish Three per Cents and Deferred, Turkish Four per Cents, and Venezuela, 1 better. Railways have been on the average well supported, in anticipation of the Directors reports ; showing an increase of traffic in many cases. An im- provement has occurred in the following—London and South-Western, 11. 106. ; North-Eastern—Berwick, 11. • Great Northern, Great Western, Midland, North-Eastern—York, and London, Brighton, and South Coast, 108. ; South-Eastern, 58. ; Lancashire and Yorkshire have fallen 103. ; London and North-Western, 5e. In Foreign Shares, Great Central of France is 5s. better ; Northern of France, and East Indian, have declined 158. ; Great Western of Canada, and Paris and Lyons, 56.

SATURDAY, TWELVE O'CLOCK.

In the English Funds no movement has yet taken place : Consols for Money are 95 t, and for Account 961 1. Exchequer Bills 21 4 pre- mium. The bullion return by the Bank of England exhibits a small de- crease-47,5741. Foreign Stocks are very quiet, and without change. In the Railway Market only three bargains have been recorded—Lancashire and Yorkshire, 97}; London and North-Western, 108; North-Eastern— Leeds, 181.

SAruienix, ONE O'CLOCK.

The English Funds have been stationary since the 'morning, and the business transacted has been very small ; Consols for Money are 951$, and for Account 951 /. Exchequer Bills are Is. lower, being now 20 3 premium. In the Foreign Market there has been great inactivity, and no variations have occurred.

Railways have partaken of the feeling that has prevailed in other depart- ments ; there baa been little doing, and the prices have not altered—Cale- donian, 601 ; Eastern Counties, 10/ ; Great Southern and Western (Ireland), 1141 ; Lancashire and Yorkshire, 971;. London, Brighton, and South Coast, 109,1 ; London and North-Western, 1081 ; London and South-Western, 1081 ; Manchester, Sheffield, and Lincolnshire, 341; South-Eastern, 74; Great Indian Peninsula, 221; Great Western of Canada, 261. Joint Stook Banks—English, Scottish, and Australian Chartered, 171 ; London 701; London Chartered Bank of Australia, 21; London and Paris, 4; London and Westminster.? 49 ; Oriental Bank Corporation, 411 ; Ottoman Bank, 121; Union of Australia, 711; Union of London, 281. Iliscellaneous—Austra- lian Agricultural, 251 ; Crystal Palace, 21.; Electric Telegraph, 931 ; Lon- don General Omnibus Company, 41; Peninsular and Oriental Steam, 65 ; Royal Mail Steam, 711. 3 per Cent C011110b1 95 i Dutch 24 per Cents 64 6 Ditto for Account 951 il I Ditto 4 per Cents 96 8

3 per Cent Beducei 96 i Mexican 3per Cents 221 31 New 3 per Cents 961 1 Peruvian q per Cents 81 3 Long Annuities Ditto 3 per Cents 57 9 Bank Stock 26 18 Portuguese 4 per Cents 49 51 Exchequer Bills 20 3 pin. Russian 5 per Cents 111 13

India Stock 233 6 Ditto 44 per Cents 98 100

Austrian 5 per Cents 87 90 Spanish 3 per Cents 441 5 Brazilian 5 per Cents 101 3 Ditto Deferred 23 Belgian 4i per Cents 95 7 Sardinian 5 per Cents 9 Chilian 6 per Cents 104 6 Swedish 4 per Cents 85 8 Danish 5 per Cents 103 5 Turkish 6 per Cents

Danish 3 pe Oents 83 5 Ditto 4 per Cents Gasersteed 104

106

BAN% OF ENGLAND.

An Account, pursuant to the Act 7th and 8th Victoria, cap. 39, for the week ending on Saturday, the 19th day of July 1856.

ISSUE DEPARTMENT.

Notes issued /26,183,930 Government Debt /11,015,100

Other Securities 3,459,900

Gold Coln and Bullion 11,708,930

Silver Bullion

/26,183,930

£26,188,930

DAMMED DEPARTMENT.

Government Securities (inclu- ding Dead WelghtAnnuity) /14,798,464 Other Securities 18,163,664 Notes 5,321,300 Gold and Silver Coin 821,825 £33,895,233 /33,895,253 • including Exchequer, Saving-Banks, Commissioners of National Debt, & Dividend Accts.

RAILWAY ARRANGEMENTS.

The half-yearly meeting of the Manchester, Sheffield, and Lincolnshire Railway Company, was held on Wednesday, at Manchester. The Chair- man stated, that on comparing the present account with those of former half-years the total net profit, which was 169,0401. for the year ending June 1852, had risen to 274,030/. in the year just concluded. Resolutions were passed declaring the guaranteed dividends on the Preference Stocks including the new 31 per cent Stock, and a dividend at the rate of 56. per 1001. of Original Stock, for the half-year ending 30th June.

The London and South-Western Company, at the meeting on the 7th of August, will recommend a dividend for the half-year at the rate of 51. 108. per cent per annum on the ordinary capital.

The London, Brighton, and South Coast Company held their half-yearly meeting on Thursday. It was stated that the traffic on all their main and branch lines showed a proportionate increase, and there was an improve- ment at every point of their system. The report was adopted, and the Di- rectors were authorized to convert the mortgage debt into a debenture stock, bearing interest not exceeding 4 per cent per annum.

The Commercial Bank of London, at a meeting on Tuesday, declared a dividend at the rate of 7 per cent per annum and a bonus of 4 per cent—a distribution for the year of 11 per cent, or 1 per cent more than for the pre- ceding year. Business has increased ; the amount due to customers is now 1,536,3611.

The Union Bank of Australia has declared a dividend of 101 per cent for the half-year, making 24 per cent for the year. This is a decrease : there has been a diminution of profits, from the adverse position of the exchanges ; bad debts have proved heavier than was expected; and the augmented In- come-tax has taken no less than 18,096/. for the year.

The dividend of the London and Eastern Banking Company has been 6 per cent for the past year, with 10,3781. carried to the reserve-fund. The business of the bank increases largely. It has a peculiarity in receiving money at interest : it receives deposits for periods fixed at from three to five years ; it pays as much as 41 to 6 per cent interest for these ; but the period of repayment being so distant, the bank is enabled to employ the money in India, where interest rules

Proprietors' Capital £14,653,000 Rest 3,347,480 Public Deposits° 3,242,869 Other Deposita 11,902,473 Seven Days and other Bills— 849,451

General Aitcheson, Mr. George Gillett, and Mr. Isaiah Butt, have been appointed Directors of the Royal British Bank. Mr. Cameron, the general manager, having retired on account of ill health, has been succeeded by Mr. Thomas Craufurd.

The proprietors of the Unity Bank have authorized the Directors to obtain powers to increase the nominal capital to 2,000,0001., new shares being issued as it may be deemed expedient: the first issue will be 3000.

The Unity Bank have filled the vacancy in banking a6 Hertford and Ware, by opening a branch in each town.

The dividend of the East and West India Dock Company is at the rate of 6 per cent per annum.

A London and West of Ireland Fishing and Fish Manure. Company is pro- jected ; capital 50,000/. Steamers are to be employed as carriers of the fish, to ports whence it will be carried to market by rail, and the refuse fish is to be manufactured into manure.