MONEY MARKET.
STOCK EXCHANGE, FRIDAY AFTERNOON.
Quotations in the Market for English Securities have again taken a down- ward course this week, the extreme difference in Consols being per cent: from 951 to 95, the lowest figure reached ; the massacre at Jeddah and the generally unfavourable character of the news from the East caused Stocks to open on Monday with increased heaviness. Consols for Account were first quoted 951 95f, a decline upon the closing of the previous week of per cent ; during the day some speeulative sales produced still further depres- sion, and a fall of an additional per cent was theresult ; the probability of a loan of 3,000,0001. being about to be introduced for the purpose of cleans- ing the Thames had also an adverse influence upon prices. Only a very moderate business has since been transacted, and the improved tone which was last week exhibited seems to have again fallen away ; but although the sales have had the preponderance there have not been any bargains of real importance for some considerable time. Yesterday there was a large pur- chase in Reduced of about 170,0001., which had the effect of producing firmness in the Market which had not existed all the week; in the early part of the day Consols were as low as 95 for August, but finally closed 951 Today a further advance of of per cent has occurred, and the last price 951 95f. There is certainly a great stagnation in Stock Exchange business just now, and this is the more surprising considering the abundance of money and the easy rates at which loans have for long been obtainable, and 2 per cent has been the average on Government Securities, but the demand in and out of " the House " has been extremely limited. Reduced lases ei4 est 95k ; Bank Stock, 221 223 ; India Stock, 218 221; New '
Three per Cents, 94.
Foreign Stocks have been rather more active this week, although in most Lace show little actual improvement ; in Brazilian Scrip, however, the ejsance equals 1 per cent after being at one time very fiat, the closing quotation is e dis• to par. Peruvian Four-and-a-half per cents have been is better demand the last day or two, and the market leaves off good, 89 90. Peruvian Three per Cents, 69 70 ; Buenos Ayres, 81 83 ex div. ; Mexican has declined j per cent, 191 191 ; Venezuela Active, 38 39 ; Grenada, 21 22; Victor Emmanuel, 92 93 ex div. ; Spanish Three per Cents, 44 44; Ditto, Certificates, 5 51. Turkish Six per Cents, 94 I; the Four per Cents are firm at the price and scarce. is spite of the heaviness which prevailed in the English market, Railway Shares have been advancing all the week. Most descriptions of Stock and Shares have improved, ranging from 1 to 2 per cent ; Great Westerns are now 491 ; Midland and London and North-Western show a rise of fully 13, and London and Brighton 2 per cent, the last closing 109 110; Lan- cashire and, Yorkshire, 91e 911, has risen 1 per cent, and Shefilelds declined eos, per share; Great Northerns are better, 254 24; Caledonians, 391 34, showing an advance of 2 per cent. The fortnightly settling took place to- day ; rates for carrying over shares from Account to Account have been moderate. Very little business has been doing in French and other Foreign shares, but quotations have been tolerably well supported. Paris and Or- leans are dealt in at 49 51. Paris and Lyons, (Fusion,) 30130k. Great Luxembourg Shares are firm at 7,17i; and Sambre and Meuse, a I. This day has been chiefly devoted to the settlement.
The Norwegian Government have just concluded a loan at Hamburg for about 750,0001. in a Four-and-a-half per Cent Stock at 98. The sum is chiefly to be devoted to railway purposes. The half-yearly meeting of the Union Bank of London took place on Wednesday, Six Peter Laurie in the chair, when the report was adopted unanimously, and a dividend and bonus declared equal to 15 per cent per annum.
The London Joint Stock Bank has declared a dividend and bonus of 22} per cent per annum. The Clydesdale Bank have divided at the rate of 7 per cent per annum. The Bank of New South Wales at their half-yearly meeting at Sydney, on the 28th of April, declared a dividend at the rate of 20 per cent per annum. At the same time 96051. was added-to the reserve-fund, which is thus raised to 160,0001., and 49531. was carried forward. The Australian Agricultural Company have declared a dividend of 15e. per share free of Income-tax. The balance of net revenue for 1867 was 37,4011. ; the capital in hand 9602/. The Union Bank of Australia held its twentieth annual meeting on Tues- day, and divided 10 per cent upon the half-year. The profit for the year had been 173,6051.
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