MONEY MARKET.

STOCK .EXCHANGE, Feiner AFTERNOON. The English Funds continue on the ascendant : the operations of the pub- lic are at present based upon a feeling of progressive ease in-the value of- money, and on the expectation that the gold-arrivals will continue large= politics exercise little influence. Yesterday the Bank of England made a further reduction of f per cent in the rate of discount; it now stands at 41 per cent. The measure _had beenfully anticipated, and has caused greater satisfaction than if the change had been 1 per cent, as that differ- . ence frequently promotes too great a spirit of speculation. The Joint-

Stock Banks have made a reduction in their rate of allowance for deposits to 3f per cent. The rise this week in Government Securities has been about f. Yesterday Consols left off very firm at 941 5 ; the alteration in the Bank rate of discount had but little influence. Today they are 1 better, and close at 95 to 1: they will probably be higher after the instal-

ment of 1,000,0001. due tomorrow on, the New Loan-has been; met. Cousel Scrip has advanced to 414.preptium. Exchequer Bills continue in request ; they are ls. better, Bank Stock is 10s. lower. The Paris market has a

downward tendency; but the fluctuations, though frequent, are not vio- lent; and they have now but little effect on this side, being interpreted as the near termination of a mania which is fast giving place to

a more healthy development of traffic. To assist this, the giving brokers decline in many- cases to continue speculative account*, and when these shall be cleared off- a return to steadiness is more than probable. In the Corn-market there has been an advance of 2s. to 38. The gold andopecie arrivals have comprised 200,0001. from New York, and 9500/. from Africa.

In Foreign Stocks, the demand has continued active ; and for Turkish Securities ithas censidekablv increased, causing a further improvement of

3 in the Six and of 1 in the Pour per Cents. The following are also better —Buenos Ayres, 3; Danish Five, Russian Five and Four-and-a-half per Cents, 1; Granada Deferred, I; Spanish, I. Austrian has fallen 1. Railways have been very buoyant, and there has been a good rise this week , in the leading deseriptions, egeept in. Great Western : this stock has shown weakness through speculative sales, opinions concerning the next dividend

being unfavourable ; it has been 2/. lower, but has since rallied 1/. Ss, An improvement has taken place in the following—Bristol and Exeter, 31. ; North-Eastern—Berwick, and York, 2/. 10s, ; Lancashire and Yorkshire, 1/. 158.; London and South-Western, South-Eastern, and Midland, 1/. 10s. ; London, Brighton, and, South Coast, 11.; London and North-Western, 15s. The French descriptions are rapidly recovering from their recent depression : the advance this week has been—Paris and Orleans, 2l. ; Great Central of France, Northern of France, and Paris and Lyons, 15s.; Eastern of France, and Western and North-Western of Frame, 108.

SATURDAT, TWELVE. O'CLOCK.

The English Funds are very_firm this morning, at an improvement of _1;

Consols-for- Account are-now Wf Exchequer Bills 11 14 premium: The bullion return by the Bank of England exhibits, an increase of 359,1731. In Foreign 5tecks, Russian Four-and-a-half per Cents are 1 better; they are 99 101. Railways are steady—Caledonian, 63;- Midland, 83f; North- Eastern,Extension, 17f ; South }Pales, 76.

SATCRIOAT, ONE O'CLOCK.

The English Funde have-continued very firm at the morning quotations ; New 'Three per Cents 1, Exchequer Bills ls. higher. Consols are 951 ; Scrip 3 premium. In Foreign Stocks,, Russian Five and Turkish Six per Cents are 1 better. Buenos Ayres has been done for Money at 82 and for Account 83; Granada NOW,Avtice, 20; Venezuela, 301.

In Railways, notwithstanding the attention paid to the arrangement of the Acocamt, there have been somelarge transactionsa demand for Stock has occasioned a considerable • improvement—Caledonian, 63 ; Eastern Counties, 11; Great Western, 64 ; London and North-Western, 106f ; London and South-Western, 108; Midland,. 84 ; North-Eastern—Ber- wick, 90; Ditto York, 621; South Devon, 15: ; South-Eastern, 75; Eastern of France, 37f ; Grand Trunk of Caltada, A Issue, 13/ ; • Great- IndianTeninsuM, 236,; Great. Western of Canada, 261. Joint Stock Banks —L9ndon, 71 ; New South Wales, 471 ; Union of Australia4. Miscella- neous—General Steam Navigation 271 ; Peninsular and Oriental, Steam, 66; Peel River Land mid Mineral: Ori 3.1.; Royal Mail Steam, 72.

3per Cent Consols

Ditto for.Account 3 per Cent Reduced

New 3 per Cents

shut 951 95 951 6 Dutch 24 per Cents Ditto 4 per Cents Mexican 3 per Cents Peruvian 44 per Cents

65 7 95 7 281 31 78 80 Long Annuities

Ditto 3 per Cents. . 54 6

Bank Stock 21/ 18 Portuguese 4 per Cents 50 2 • Exchequer Bills 12 13 Russian 5 per Cents 109 II India Stock shut Ditto 44 pet Cents 99 101 Austrian 5 per Gentili, 82,92 Spanish 3 per Cents

Brazilian 5 per Cents 100 2 Ditto Deferred 44 Belgian 44 per Cents 95 7 Sardinian 5 per Cents 91 3 Chilian 6 per Cents 103 5 Swedish 4 per Cents._......... 85 8.

Danish 5 per Cents 102 4 Turkish 6 per Cents Ditto 3 per Cents

83 5 • Ditto 4 per Cents Guaranteed 132.1 gi CamPany have declared a dividendot.the rate of 10 per cent per-annum. The affairs of the bank are stated tale in a sound state, but rather less, profits have been made of late in consequence of the temporary depreasion of stymie in South Australia.

The Ottoman Bank has ,commenced business in discounting at Constanti- nople.: Mr. Layard is.there.

The dividend of the South Australian Company is at the rateof 7 per cent per annum. The condition of the affairs of the company is said to be, excel- lent.

The shareholders' of the Metropolitan Association for Improving the Dwellings of the Industrious Classes have declared a dividend of- 21- per cent : the Directors recommended that it should be only lf per cent, the sur- plus to be carried to the reserve-fund. A meeting of shareholders in the- Ague. Fria Company has resolved to merge the concern in a new undertaking, the Quartz Reduction Company.

A Ceylon„Railway Company is projected, to form a line from Colombo to Kandy, seventy miles.. Capital.800,000/. The .Colonial Secretary assents to a guarantee of 6 per cent, interest on the eapital„. to be met by, the, reve- nues of-the island : this will have to be ratified by the Government of Ceylon.

It is proposed -to establish a -" Brighton Hotel Company (Limited)"— capital 60,0001.—for the purpose of-opening a first-class hotel, near the Old Steyne, fronting the sea.

The " Rithrort Coal-,Mining Company"—capital 159,996/.—proposes to purchase a coal-field at Ruhr, near Dusseldorf. A company established at Cologne has already expended 20,0001. in machinery and sinking shafts.. A company is to be formed to reopen the Colosseum in the Regent's Park. The capital is to be 10,000/. Dr. Bachhoffner is the Managing Director.

The South Australian Bei