19 JANUARY 1856, Page 9

MONEY MARKET.

STOCK EXCHANGE, FRIDAY AFTERNOON.

The speculators in the Funds who have lately been sanguine towards a favourable termination of the peace negotiations, and others who are be- lieved to possess the best channels for Continental information, have been large buyers this week i and, with the exception of a temporary flatness on Monday for a short period, when Consols were done at 851, there has been considerable buoyancy. Yesterday the excitement became intense, owing to telegraphic intelligence from Vienna that Russia had accepted "uncondi- tionally" the Austrian propositions. Consols) which closed the day before at 871, advanced 3 per cent, and stood at one time at 901. The fluctuations were extensive and frequent, and according as public opinion varied regard- ing the authenticity of the news. There was finally a reaction of 1 per cent, partly from the absence of Ministerial confirmation of the intelli- gence, and because the advices from Vienna stated the ,propositions to have been accepted only as " a basis of negotiations.' Today the information by the various telegraphic despatches IR confirmatory of the news of yesterday, and the Funds opened better. Consols for -Money have ranged from 891 to 90, and leave off at 891 1, and 89190 for the Account. The market is extremely sensitive, and the operations of influential parties are attentively watched. Bank Stock has advanced 2 per cent, and Exche- quer Bills 2s. The extent of the rise in the Funds is far below what has been witnessed on other similar occasions; is attributed to the high prices compared with the quotations at the conclusion of former hostilities. The Government Broker has sold Stock on some occasions this week; but the public, independently of the speculative portion, have been steady buy- ers. The 'French Funds improved 41 per cent yesterday on the pacific in- telligence; to which, they had been firm, owing to the report in the kfoniitr from the French Finance Minister, and from an advance on this side. The Continental advices continue to report great firmness in the rates of exchange.

Allowing for the dividends, the drain of bullion at the Bank of England lately is not believed to have been material ; and this has lessened the pro- bability of an immediate advance in the rate of discount. The pressure for money out of doors has considerably abated. The West India packet brought 175,0001. ; 180,0001. has been received from Australia, and 21,610 dollars from America.

In Foreign Stocks, there has been a large business doing at an advance. Yesterday, owing to increased purchases on the intelligence from Vienna, Turkish Six per Cents rose 5 per cent, and touched 871 : they are now ra- ther lower. Russian and Sardinian have been in demand, and are 2 better. An improvement has also occurred in the following—Peruvian Four-and-a- half per Cents 2 ; Ditto Three per Cents, Austrian, Belgian,

in Danish Five, Portuguese Four, and Spanish Three per Cents, 1 ; Ditto Deferred, 1. Pe- ruvian Dollar Bonds are now quoted n the Official List. Railways have participated m the general rise. Yesterday, Great Western were done as high as 551; London and North-Western, 97 ; Midland, 661 they closed a little flatter, and today no alteration has occurred, French Shares have improved this week from 21. to 31. 108.

SATURDAY, TWELVE O'CLOCK.

The English Funds are a shade lower this morning, but considering the late extensive rise the market is very firm. Consols for Money. are 891 1, and for Account 891 90. Exchequer Bills 6 1 discount. The bullion return by the Bank of England shows a decrease of 119,9581. In Foreign Stocks no alteration has taken place; Turkish Six per Cents have been done at 87, and the Four per Cent Scrip 11 discount. Railways are steady—Great Northern A Stock, 77; Great Western, 541; London and Blackwell, 61 ; London, Brighton, and South Coast, 97; London and North-Western Eighths, 11; London and South-Western, 861;; North British, 30; South-Eastern, 591. SATURDAY, thee O'CLOCK. The English Funds have been 1 higher since the morning, but close at a reaction of1 ; Consols for Money have been done at 90/, and leave off at 89190, and 901 1 for Account. Exchequer Bills 6 1 discount. Exchequer Bonds 971. In Foreign Stocks, Turkish Sixper Cents have improved about Buenos Ayres 56, Spanish Certificates . A. meeting of Portuguese Bond- 11 ; the bargains have been at 87 617 1 81 ; Ditto Scrip 1101 discount. Bond- holders was held yesterday, to consider e question of acceptance of a pro- visional agreement for settlement of the Debt. It was resolded that the agreement dated 13th of December 1855, between the Chairman of the Bondholders' Committee and the Finance Minister of Portugal be approved; and that on it being ratified by the Cortes and carried into effect, the Com- mittee of the Stock Exchange be requested to give quotation to Portuguese Securities.

Railways are rather better ; there has been more business doing than for some time past—Aberdeen, 23 ; Edinburgh Perth, and Dundee, 201; Great Northern, 93 ; Ditto A Stock, 784; Great Wastern, 641 ; Lancaster and Car- lisle,721 ; Ditto New Thirds', 1 Lancashire and Yorkshire, 79; London and Blackwell, 61 ; London, Briihton, and South Coast, 97' London and North-Westem, 961 ; Ditto Eighths, .11 ; London and South-Western, 861; Manchester, Sheffield, and Lincolnalire, 241; Midland, 661; Midland, Bir- mingham, and Derby, 39; North British, 301 ; North-Eastern—Berwick, 69 't Ditto Extension, 131; Ditto Leeds,.13; Ditto York, 46; Shropshire Union, 43 ; South-Eastern, 591; Buckinghamshire, 93f ; East Lincoln Guaranteed 6 per Cent, 134. Preference Shares—Aberdeen, 109 ; Ditto No. 2, 7 per Cent, 105 ; Great Northern 5 per Cent, 113 ; Ditto 5 per Cent Re- deemable at 10 per Cent Prem., 109; Ditto Preference 41 per Cent, 11 dis. • North British ,h 991 ; Antwerp and Rotterdam, 81; Dutch Rhenish, 11}; East Indian Extension, 151 ; Grand Trunk of Canada, A Issue, 101; Great Indian Peninsula, 201; Great Western of Canada,25, 1; Ditto New, 82 ; Great Luxembourg Constituted Shares, 5; Royal Den "sh, 19; Seinde Gua- ranteed 661er Cent, 51. Mines—Brazilian Imperial Cocaes and Cuiaba, 21 ; Linares, 6 . Joint Stock Banks—British North American, 64; City, 65 ; London, ; London Chartered Bank of Australia, 16/ ; London and West- minster, 49; Oriental Bank Corporation, 40; Provincial of Ireland, 514; Union of Australia, 731; Union of London, 291. Miscellaneous—Australian Agricultural, 271; Canada, 137 ; Canada Government 6 per Cent January and July, 10'7; Crystal Palaces Preference, 41; General Screw Steam Ship- ping Company, 15; Royal Mail Steam, 751.

1)91 90

Danish 3 per Cents Dutch 21 per Cents 90

11

Ditto 4 per Cents

901

Mexican 3 per Cents 31 Peruvian 43 per Cents

,W9 10

Ditto 3 per Cents 6 1 dis. Portuguese 4 per Cents 217 20 Russian 5 per Cents 81 4 Ditto 41 per Cents 98 100 Spanish 3 per Cents

9210143

Ditto Deferred Sardinian 5 per Cents 100 3 Swedish 4 per Cents

BANK OF ENGLAND. An Account, pursuant to the Act 7th and 8th Victoria, cap. 82, for the week ending on Saturday, the 12th day of Jan. 1856. rises DEPARTMENT.

Notes issued £21,271,305 Government Debt £11,015,100

Other Securities 3,459,900

Gold Coin and Bullion 0,799,305 Silver Bullion 1:36,333,664 £38,333,661 • Including Exchequer, Saving-Banks, Commissioners of National Debt, & Dividend Accts.

At the half-yearly meeting of the proprietors of the London and West- minster Bank, on Wednesday,—the Lord Mayor presiding,—a dividend at the rate of 6 per cent per annum was declared, with a bonus of 5 per cent on the paid-up capital : as a like dividend and bonus were declared in July last, the interest received by the shareholders for the year has been at the rate of 16 per cent.- The chairman spoke hopefully of the maintenance of similar profits for the future, as the business of the bank continues to in- crease. The Temple Bar eranch has fully realized the expectations of the Directors. The total amount due to customers of the bank on the 31st De- cember was no less than 8,744,095/. ; the reserve-fund is now 144,1091. The chairman referred to two items in the accounts which inspire confidence in the bank—" Government Stock, Exchequer Bills, Exchequer Bonds, and India Bonds," figure for 1,949,074/, and "Cash in hand" amounts to 847,856/.

The dividend and bonus declared at the meeting of the shareholders of the London Joint-Stock Bank, on Thursday, was equivalent to 191 per cent per annum. The chairman, Mr. Foster stated that the progress of business had been satisfactory ; the losses had been comparatively limited during the last year. The amount now due by the bank is 6,241,594/. ; the guarantee-fund is 160,853/.

The Directors of the City Bank have convened a meeting of shareholders on the 29th to consider a proposal for increasing the capital of the bank.

The East and West India Dock Company dividend for the last half-year is at the rate of 6 per centper annum, free of Income-tax. Business of late has rather decreased. If the Victoria Docks prove formidable rivals, the East and West India Docks will have to lower their charges.

The dividend of the Commercial Dock Company for the second half-year of 1855 is 21. 108. per cent. Last year the docks received a greater amount of tonnage than ever.

The dividend on Brighton Railway Stock will be at the rate of 2/. 188. per cent for the past half-year ; a total of 5 per cent for 1855.

£24,274,305 R21,274,305

BANKING use/snorter.

£14,553,000 Government Securities (ineln- 3,330,673 ding Dead Weight Annuity) 513,413,459 3,638,609 Other Securities 17,415,654 Notes 4,837,005 Gold and Silver Coin 817,646 Proprietors' Capital Beat Public Deposits' Other Deposita 13,967,308 Seven Days and other Bills— 843,874 3 per Cent Consols Ditto for Account 3 per Cent Reduced New 3 per Cents Long Annuities Bank Stock Exchequer Bills India Stock Austrian 5 per Cents Brazilian 5 per Cents Belgian 41 per Cents Ch" 'an 6 per Cents Danish 5 per Cents 82 5 63 5 94 6 191 201 75 7 52 4 46 8 97 150 86 9 391 40 221 1 83 5 84 7