7 AUGUST 1858, Page 10

MONEY MARKET.

43TOCIC EXCHANGE, FRIDAY AFTERNOON.

Transactions in the English Stock Market have been considerably more numerous this week, although the chief business has been in connexion with the liquidation of the Conaol account yesterday. Quotations are all

per cent higher; Consols for September which were on Friday last 961, have been done today at 96k; an upward tendency seems to have set in, and the market closes with renewed firmness. The instalment on the late Brazilian Four-and-a-half per Cent Loan due last Monday did not appear to increase the demand for money, and the announcement of a further loan by. the East India Company had only a momentary effect in depressing prices ; it being generally considered from the great abundance of capital, aided by a more settled political aspect, that the entire amount, 3,579,0001. making with the last loan a total of 8,000,0001. will be subscribed with little difficulty, and without causing any material effect in the Money Market. The loan will be on Debentures of 1000/. and 5001. each, at the rate of 4 per cent per annum, payable half-yearly. Tenders must be delivered before twelve o'clock on the 17th instant, and for amounts of not less than 1000L A discount of 3 per cent allowed to all paying in full. Today, an active business was doing for a short time, chiefly, however, of a speculative cha- racter; bona fide investments having fallen off lately. Reduced closes 97 97k; New Three per Cents, 96i 97. Bank Stock marks 2251 227; Consols for Money are 961 961, and for the September Account, 94 96/. Money has been abundant on the Stock Exchange, at from 1 to 11 per cent on Go- vernment Securities.

There has been a good deal of animation in the Market for Foreign Securities daring the past week, nearly all the stock showing advanced prices ; the rise in most cases has been from 1 to 11 per cent. The apathy so long experienced in this market seems at last to be wearing off, ends more healthy state of things exists. Mexican Stock, which was for such a length of time at an almost nominal quotation, has risen nearly 2 per cent, no doubt occasioned by a general feeling that the state of that country has arrived at such a pitch of anarchy and confusion, that foreign intervention is absolutely necessary for its very existence • should such be the case, the claims of the creditors would undoubtedly me!et with consideration ; at any rate, it is the only hope for the English bondholders. For some time parit there has been a posing feeling that the money deposited on account?f the Dividend Fund, in the Bank of England, should be divided, and permission has at last been accorded ; so that the announcement on the 3d instant, of one dividend of lf_per cent, to be distributed in October, was not altogether unexpected. Venezuela continues in demand at the late advance the price being 41 42, a speedy settlement to this long. outstanding debt 'being ex- pected. The announcement of another Imperial Turkish Loan about to be negotiated has naturally produced a degree of dulness in the present Six per Cent Stock-97 971. Spanish firm at the price, and for the last day or two there has been some little demand for the Committee's Certificates, the price is 51 51. In this market money continues plentiful at about 3 percent. The New Brazilian Scrip is now 1 1 prem. Peruvian Four-and-a-half per Cent, 90 91; Buenos Ayres, 79 81; Mexican, 211 21g. A moderate amount of business has been done every day in the RailwaY Share Market and some fluctuations have taken place, prices closing upon the whole at an average advance of 11 per cent. Fresh rumours touching the approaching dividends have as usual been freely circulated, causing every now and then considerable heaviness ; but the list of quotations this afternoon will show a decided improvement upon last week : Midland, 96 951; Lancashire and Yorkshire, 93 93k; London and North-Western, 93 931 ; London and South-Western, 95 91; Great Western, 48 491; Caledonian, 401 40a; London and Brighton, 108 109; South-Eastern, 21j21 ; Great Northern, 251 261. French Shares are all firm, with an increased though not important busi- ness doing. Indian Shares continue in demand at advanced rates. The Atlantic Telegraph Company's Shares which had been down to 2001. were quoted 800/. 1000/. upon the announcement of the successful laying down of the cable. The Red Sea Telegraph Shares are firm at pm.

BANK OF ENGLAND.

An Account, purulent to the 7th and 8th Victoria, tap. 32, for the week ending OD Wednesday the 4th day of Aug. 1868.

151101 DZP AAAAA

£31,134,870 Government Debt £11,010,105 Other Securities 3.458,800 Gold Coin and Bullion 18,650,870 Silver Bullion S31,184,870 £31.131,870 Notes issued

EARRING DIPAITYLVT.

Proprietors' Capital £14,343,000 Government Securities (Melo- Rest 3,412,387 ding Dead Weight Annuity). £10,774,367 Public Deposits* 4,103,125 Other Securities 15,400,163 Other Deposits 14,310,008 Notes 10,317,405 Seven Day. and other Bills .. 784,866 Gold and Silver Coln 680,551 £37,172,486 £37,172,486 • Including Exchequer, Saving-Banks, Commissioners of National Debt, & Dividend Acct.

At the annual meeting of the shareholders in the Bank of London, a divi- dend was declared at the rate of 5 per cent per annum.

The prospectus has been issued of the North Rhine Copper Mining Com- pany of South Australia with a capital of 60,000/. in 1/. shares. The de- posits are situated in 366 acres of land near Adelaide, which are to be bought /or 10,0001. cash and 10,0001. in paid-up shares.

At a meeting of the English and Australian Copper Company ; Sir W. Foster in the chair, a dividend of 2a. 6d. per share was declared.

The London Discount Company at a meeting held this week declared a dividend at the rate of 5 per cent per annum. On 3,300,0001. and upwards of bills during the half-year the whole loss is expected to be under 501.

At a meeting of the Electric and International Telegraph Company, Mr. It. Stephenson, M.P., in the chair, a half-yearly dividend was declared at the rate of 7 per cent, per annum.

Chili is about to raise a loan of 1,400,0001. for railway purposes, and Senor Silvestre Ochagavia has been nominated to proceed to negotiate it in England.