MONEY MARKET.

STOCK EXCHANGE, FRIDAY AFTERNOON.

The Bank of France have notified an increase in their rate of discount from 4 to 6 per cent, and have determined on limiting their accommodation to bills of 75 days. The Bank of England yesterday raised their rate to 5 per cent : a measure which it was thought at first would have been averted con- sidering the rapidity with which previous additions to the rate have been fol- lowed up ; but latterly, contrary impressions were conveyed through some heavy sales of Stock, supposed to have been effected for the Bank, and a re- port that a third contract had been arranged to supply the Bank of France with gold. The sum originally agreed upon was 3,000,000!.; and was followed by an additional purchase of 1,000,0001., the remittance of which is nearly com- pleted. The advance in the rate of discount by the Bank of England caused great dissatisfaction yesterday among the bankers and others, as there had been a diminished demand for money in the Stock Exchange and out of doors ; and whilst it adds to the uncertainty of the future, it is injurious to trade. The discount-houses were again surprised, and deferred the publication of their terms for money at call. The French rate of exchange continues steady. Our Funds have exhibited considerable heaviness, and the operators for a fall have been very active. On Wednesday the failure of Mesas. De Lisle and Co., although unconnected with the present position of the money- market, produced an unfavourable effect. Consols have been 11 lower this week, including a depression of per cent : yesterday, at the termination of the Bank meeting, they were done as low as 87k, but subsequently rallied Today they have been unsettled, and have ranged from 871 to 1, closing at 871 f for Money and Account. The public have been steady buyers on several occasions during the week. Exchequer Bills have declined 2s., and India Stock 2 per cent. The French Funds have fallen to about the same extent as our own. The average amount of bullion in both departments of the Bank of England for the month ending the let of September was

15,719,3441.; a decrease of 928,1991. compared with the preceding month, but an increase of 2,152,6171. in comparison with the same time last year. The Corn-market has been again dull. The accounts from New York mention that the exports of grain would materially lessen the future remit- tenon of specie : the amount brought by the last packet was only 30001., but a larger sum is expected by the next steamer : 274,0001. has arrived from the West Indies. The shipments of specie to India and China are increasing, this week they amount to M5,8591. The West-end branch of the Bank of England at Uxbridge House, Bur- lington Gardens, was opened on Monday, under the management of Mr. C. Tindal.

In the Foreign Market, there has been renewed weakness. Turkish Stock has fallen about 3 per cent, and the Scrip 1; Peruvian 1, Brazilian and Danish Three per Cents 1. The Committee of Spanish American Bond- holders have received from Guayaquil the first remittance of 39671. 14e. on account of the debt of Ecuador.

Railways exhibited a tendency to improvement during the first portion of the week, partly through an increase of traffic on some of the leading lines. On Wednesday, London and North-Western reached 92f I. Yesterday, the advance in the Bank rate of discount and depression in Consols led to seve- ral sales, and there was a fall of IL to 15e. in several instances. Today they have slightly rallied. The French descriptions, compared with last week, are from 5s. to 10s. lower.

SATURDAY, TWELVE O'CLOCK.

The bullion return by the Bank of England shows a decrease of 329,6791., which is a less reduction than was expected ; notwithstanding which Con- sols are I lower, being now 87k I for both Money and Account. Exchequer Bills 52 discount. In Foreign Stocks no change has taken place ; Turkish

i

Stock 83 1, and the Four per Cent Scrip 21 I discount. In-rtu ilways there is a dull market—London, Brighton, and South Coast, 95; Great Western, 55; Lancashire and Yorkshire 75 I; London and North-Western, 9l1. . SATURDAY, ONE O'CLOCK.

The English Funds have been k lower since the morning, but have re- covered. Consols have been done at 87, and leave off 87k i for Money and Account. Exchequer Bills 5 1 discount. In Foreign Stocks, Turkish is I

lower; the bargains have been at 821 31 21 31; the Scrip has been done at 21 1 f discount. Buenos Ayres 63; ; Ecuador 41 1. In Railways there is no fresh feature—Aberdeen, 23k; Caledonian, 681; Eastern Counties, 9g ; Great Northern, 8l; Great Western, 64f ; Lanca- shire and Yorkshire, 75k ; London, Brighton, and South Coast, 95; London and North-Western, 91k; London and South-Western, 82k; Manchester, Sheffield, and Lincolnshire, 22j; Midland, 64k ; Midland, Birmingham, and Dirby, 37; North British, 251; North-Eastern—Berwick, 68f ; Ditto Ex/ tension, 11/ ; Ditto Leeds, 12; "Mtn) York, 451; Shropshire Union, .41; South-Eastern, 561 ; South Wales, 31; Hull and Selby, 102; Northern- and Eastern 5 per Cent., 571. Preference Shares—Great Western Con- vertible and Redeemable 41 per Cent, 96; Ditto Irredeemable 4 per Cent, 86; Midland Preference 4i per Cent, f dis. ; Antwerp and Rotterdam, 8; Dutch Rhenish, log ; Eastern of France, 341; Great Western of Canada, 24; Great Luxembourg Constituted Shares, 31; Namur and Liege, 5; Northern of France, 331; Paris and Lyons, 43; Paris and Orleans, 45; West Flanders 51 per Cent Preference, 81; Zealand, 181. Mines—Santiago de Cuba, 4; Waller, 1. Joint Stock Banks—Australasia, 85; City, 63; Eng- lish, Scottish, and Australian Chartered, 161; London and Westminster, 47f ; Oriental Bank Corporation, 41. Miscellaneous—Canada Government 6 per Cent January and July, 110; Crystal Palace, 21.

3 per Cent Consols Ditto for Account 8 per Cent Reduced New 3 per Cents Long Annuities Bank Stock 87i I shut shut shut shut Danish 3 per Cents Dutch 26 per Cents Ditto 4 per Cents Mexican 3 per Cents Peruvian 41 per Cents Ditto 3 per Cents

81 4 ex d.

64 6 93 5 cud. 21f 1 74 6 54 6 ex d.

Exchequer Bills 5 1 dia. Portuguese 4 per Cents 43 5 India Stuck 226 8 Russian 5 per Cents 97 9 Austrian 5 per Cents 80 2 Ditto 41 per Cents 85 8 Brazilian 5 per Cents 98 100 ex d. Spanish 3 per Cents 371 8f Belgian 46 per Cents 94 6 Ditto Deferred 191 / Chilian 6 per Cents 99 101 ex d. Sardinian 5 per Cents .......

Danish 5 per Cents 101 3 Swedish 4 per Cents 87 90

The firm of De Lisle, Janvrin, and De Lisle, bankers and merchants, one of the oldest and most respectable biases in the City, suspended payment on Wednesday morning. Their liabilities are estimated at between 300,0001. and 400,000/. To meet these, they had available assets to the amount of 100,000/., and they might have obtained accommodation to any amount ; but, learning that a Quebec house largely indebted to them could not fulfil its engagements, they issued a circular announcing that they had stopped payment, in order to secure at once as much as possible to their creditors. The liquidation will not, it is believed, be disastrous, as there are good grounds for anticipating a large dividend.

It is remarked that the export trade of Paris has revived from its long stagnation • orders coming in from the United States, and Germany, the latter supposed to be for Russia. The price of corn also fell nearly nine francs per sack on Saturday.

The Belfast Mercury insists that the harvest in Ulster has surpassed every harvest in that district for the last thirty years.

Advices from Riga to the 27th September mention an extraordinary de- mand for corn. Nothing was bought on speculation on the spot, but all for real want in the provinces.

The Barbadians were anticipating, at the date of the latest advises, "the largest harvest ever made in the island."