MONEY MARKET.
STOCK ES:CHANGE, FRIDAY APTERNOON.
A fall of nearly 1 per cent has taken place this week in the British Funds. In the first place, the continued receipt of lower quotations from Paris, and the approach of the monthly settlement in Consols, cause the markets here to droop and to assume a heavy appearance ; this heaviness increased upon the announcement that no less than 600,000/. sterling would be withdrawn during the week from the Bank of England, to be transmitted to Paris for the Societe d'Escompte, who are about establishing branches in India and Chinn. Another 200,000/. has been withdrawn for the Bank of Madrid. Money has elsewhere been in active demand at about 4 per cent. The markets have, therefore, been flat every day, particularly this afternoon, when, despite the telegraph of an improvement on the Paris Bourse, Consols have declined to 93. The first quotation on Monday was 931 93a for Money and October Account, and 94 93/ for the 8th of November. Business has certainly been more active, and the state of the markets gives the impression that, during the present month at least, there will be more doing all round. Bank Stock marks 229; India Five per Cent paper is last quoted 1031 103f ; Reduced, 9111 911 ; Consols for Money, 921 924 ; and for Account, 93 934; New Three per Cents, 91i 91f. A very large amount of speculation and bond fide business has been nego- tiated in Railway Shares, leading to the establishment of, in some cases, a very important rise. The highest prices have not, in all cases, been sup- ported, but the markets, notwithstanding the depression in English Securi- ties, display a remarkable buoyancy. Midland Stock is as high as 1321 132f—a rise of 2 per cent occurring today, and with an improved tendency; Lancashire and Yorkshire, 118a 1184 ; Great Western, 74i 77, ; London and North-Western, 101 1011 ; -London and South-Western, 95 96; Cale- donian, 91f 921; London and Brighton, 112 114; Great Northern has been fiat, closing 114 115, and the A Stock 116 117; North Stafford, 14# 144; London and Blackwell, 6567; Manchester, Sheffield, and Lincole, 471 484. There is a good deal doing all round at the close this afternoon ; prices are somewhat less firm. In the other two leading markets, Indian and French, there has occasionally been some activity and excitement. East Indian Stock is heavy, at 991 100; Great Indian Peninsula, 96 96k; Madras, 93 95; Bombay and Baroda, 93i 941. Lombardo-Venetian shares have fluctuated to a considerable extent, nearly 1/. per share ; the last figures this afternoon are I f discount ; Paris and Lyons, 361 37; Orleans, Tours and Bourdeaux, 53 55. French Rentes have just been telegraphed 69 francs, showing an improvement since the day before yesterday of f Per cent.
More activity has been apparent in the market for Foreign Securities, and although no material rise has taken place in any particular stock, the tone of the market has been good, and the closing quotations exhibit firmness. Mexican suddenly jumped up to 221 buyers today, but leaves off 221 22k; Peruvian closes, 9495 Ditto Three per Cents, 73 74; Ditto Dollar Bonds, 83 84 ; Ditto 1Jribarren, 83 84 ; Venezuela Three per Cents, 23 23f ; Ditto One-rmd-a-nalf per Cent, 12 13; Grenada Active, 16/ 171; Grenada De- ferred, 5f 61 ; Buenos Ayres Six per Cents, 84 86' Ditto Three per Cents, 2,81 301; Clulian Six per Cents, 101 103; Ditto Four-and-a-Half per Cents, .!,..1 83; Turkish Six per Cents, 70 71; Ditto New, 551 56; Sardinian steady, 601 86f ; Victor Emmanuel, 95 96; Russian Five per Cents, 103 100; Speuish Three per Cents, 49 491; Ditto Deferred, 40401 ; Ditto Certificates, 61 6i. The first " making-up " day will be on Monday nest.
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