MONEY MARKET.
STOCK EXCEANOE, FRIDAY AFTERNOON.
The Peninsular and Oriental Steam Company's vessel the Pera leaves Southampton today for India and China with 787,587/. in specie 776,000/. in silver, and the remainder in gold : this fully accounts for the tale demand for bullion at the Bank. The English Funds have been heavy all the week. Consols opened on Monday at 93f 1 for Money and 93/i for the Account ; from which they gradually fell to 931 strong sellers. Yesterday and today a much better feeling has been exhibited, and the Market closes firm at 93f to h, buyers at 93 9-16. Money has ruled at an average rate of 61. per cent ; the uninterrupted drain upon the Bank chiefly causing the late depression. Operations are taking place for the May Account in Consols. The closing price is 931 to 94. Bank Stock dividends will be paid on the 16th April.
The Foreign Market has been very active and in some instances considerable fluctuations have taken place. Mexican Bonds are now quoted at a further rise of 11. : after being at one time buyers at 24f, they close at 231. I. Operations have been rather extensive. Turkish Stock is also 1/. per cent higher : the Market has been animated all the week; the Six per Cents leave oft' at 98 ; Four per Cent Guaranteed, 101f ; Peruvian Four-and-ahalf per Cents, 77 78; Ditto Three per Cents, 55f 56} ; Spanish, good 411 411' Venezuela quiet at 37 38. The business of the Railway Market has not been of any importance ; settling-day cceurring on Tuesday, had the effect of checking speculation. Contangos and rates of interest ruled rather high, especially in heavy shares. There is, however, scarcely any variation in the closing prices of today and those of last Saturday. Great Westerns leave off at 67I ; Midland, 81i I ; London and North-Western, 1041 ; Ditto and SouthWestern, 104 ; Lancashire and Yorkshire, 99 f. -Frew transactions have taken place in the lighter shares : Caledonian, 34i ex div. ; Dover, 221 1; Brighton, 1089. French Railway Shares have been very good at a further improvement of about 10s. all round. Paris and Lyons, I/. better, and close at 601 ; Central, H; Northern of France, 39/ ; Sambre mid Meuse, 9/ 10. Indian Shares steady ; Punjaub, j pm. ; Great Indian Peninsula, 1 k pm. ; Riga, 112. SATURDAY, Tvnams °Twee.
A decrease of 12,8311. is shown in this week's return of the Bank stock of bullion. The English Market has opened this morning with increased buoyancy. Consols closed last night 931 sellers, and are now quoted 931 ;
there has been no business of importance up to the present time. Foreign
Stocks and Beltway Shares are .alao much firmer ; there is a good deal of business doing in Shares at slightly advancedprices. Greta Northern Stock is marked 961; Manchester, Sheffield, andLincolnshire, 384; Midland, 82; North-Eastern—Berwick, 854. SATURDAY, ONE &mom.
The Consol Market closes a shade flutter-931 sellers ; the transactions of the day have been insignificant. Foreign Securities close firm at the opening quotations. Railways are all good, and business has been done to some extent at a farther slight improvement. The latest official bargains are an follows— Bristol and Exeter, 914; Caledonian, 684; Eastern Counties, 101; Great Northern, ; Great Western, 684; Lancashire and Yorkshire, 100 Loudon and Blac wall, 64; London, Brighton, and South Coast, 109; i.ondon and North-Western, 105' Midland, 825; North British, 454; North Northern of France, . Joint Stock Banks—City, 70/t ; London and WestEastern—Berwick; 8359Ckitto York, 62i ; Antwerp and Rotterdara, 74 ;
minster, 47; Ottoman , 16t; Western Bank of London, 404. Miscel laneons—Canada, 1114 Crystal Palace Preference, 54.
At the half-yearly Court of Bank of England proprietors, on Thursday, a dividend of 44 per cent was declared, leaving a considerable increase to the "rest." 'The Governor stated that the report of the intention of the Bank to allow interest on deposits is incorrect ; and that the West-end branch may be regarded as successful.
It became known on Tuesday that the London and Eastern Banking Corporation had found it necessary to wind-up their transactions. The corn
y was established three years ago, with a capital of 500,0001., of which
wee a chief office and three branches in London, and branches at Calcutta and Bombay. Mr. Coleman, the accountant, having been called in, he expresses a hope that, after all claims have been satisfied as they fall due, a considerable portion of the capital will be saved for the shareholders.
Despatches from Constantinople give the details of the concession for the Turkish National Bank. The capital is to be 10,000,0001., with power to increase to 12,000,0001., in shares of 20/. each, with 51. paid ; the right of subscription being equally divided between Turkey, Germany, France, and England. The institution is to have power to issue bank post-bills and to transact every description of exchange and banking business. It is likewise to have the privilege of issuing notes to any amount not exceeding 15,000,0001., on condition of one-half being secured by a reserve of specie. The board of management is to consist of a President, Vice-President, and twenty-four Directors ; of whom the President, Vice-President, and six Directors, are to be chosen by the Government, the remaining eighteen Directors being nominated in the first instance by the contractors, and after three years by the shareholders. Weekly accounts are to be published. The concession is for thirty years, and then one year's notice of its termination is to be given. The first operation will be to restore the currency, by calling in the paper-money now afloat and the depreciated coinage.
The Ottoman Bank made 31,4791. of profit up to December a dividend at the rate of 10 per cent per annum is proposed, carrying forward 12,729/.
The profits of the Bank of Egypt in its six months' existence to 31st December were 6941/. ; the paid-up capital is now 187,5001.; it is proposed not to declare a dividend at present.
At a meeting of the Alliance Bank at Paris, on Saturday, a dividend at the rate of 16 per cent per annum for the period of the bank's existence— from April to December—was declared ; the preliminary expenses were written off, and a good balance carried forward.