MONEY MARKET.
STOCK EXCHANGE, FRIDAY AFTERNOON.
The payment of the October dividends at the Bank of England has les- sened the pressure for money both in the Stock Exchange and out of doors. This has been the more apparent since the liquidation of an instalment of 150,000/. on the 1,000,000/. of Turkish Scrip last issued, and a final one of about 20 per cent on the first series of Exchequer Bonds, due on Monday and Tuesday. The rate for loans on Government Securities is now only 3 per cent ; but it has failed to produce any favourable impression on the Funds, owing partly to the continued improvement in the Corn- market. The high prices, however, not being connected with fo- reign supplies, there is no immediate fear of a drain of bullion. There has also been some anxiety felt to ascertain the extent of the Liverpool spe- culations as affecting other localities. According to the accounts from Ire- land on Tuesday, they have produced serious disasters in Dublin, Limerick, and Cork ; and it is believed that a system of accommodation paper has been extensively resorted to. The Funds have fallen t this week. Up to last evening, Consols for Money ranged between 95 and 94t, and closed at 94i f. On the settlement of the Account, on Tuesday, a temporary rally was expe- rienced, through relief afforded by several parties taking up their Stock in- stead of paying Continuation. The fluctuations on the Paris Bourse have not been extensive. At Amsterdam, the Stock-market is weak : at Vienna, increased distrust prevails, and the exchange on London has advanced about 2 per cent.
The bullion-return by the Bank of France for the past month is unfavour- able, a decline of 850,000/. having occurred; partly attributed to recent pur- chases of wheat during the late decline. The arrivals of gold and specie this week have been extensive, and have comprised 454,350/. from Australia, 195,000/. from New York, and 120,0001. from the West Indies. Today the Funds opened heavily, and Consols once touched 94k: they have since rallied, and leave off at 941 f , and 94f for the Account. Bank Stock, Exchequer Bills, and India Stock, have not altered during the week ; Exchequer Bonds are 991 I. In Foreign Securities, there has been a continued absence of business, and the leading Stocks are at last week's rates except Russian Five per Cents, which are 1 lower. Turkish Scrip has declined t, through some sales. Spa- nish Three per Cents, Deferred, and Mexican, have fallen 1.
The Railway market has been characterized by steadiness ; the transactions have been unimportant, and only a trifling alteration has occurred. Yester- day, the difference in some of the leading lines compared with last Saturday's was to the following extent. Increase—North British, 1/. 10s. ; Great Northern, and South-Eastern, 108. Decrease—Edinburgh and Glasgow, 1/. ; Scottish Midland, 12s. 6d.; Caledonian, Chester and Holyhead, London and South-Western, and North-Eastern—Berwick, las.; Midland, 78.6d.; Lancashire and Yorkshire, and London and North-Western, 5s. In Foreign Shares, Paris and Lyons have improved 28. 6d.; and the following have declined—Great Central of France, and West Flanders, 58.; Eastern of France, and Northern of France, 28. 6d. Today there has been no altera- tion in the English lines ; Foreign Shares are a little better,
SATURDAY, TWELVE O'CLOCK.
The English Funds are steady this morning at the quotations of yesterday, Consols for Money being 941 f , and for Account 94f .1. Exchequer Bills 4 7. The bullion return by the Bank of England shows a decrease of 67,861/. In Foreign Stocks not the least change has taken place. Turkish Scrip is dull at 21 f. Railways present no particular feature : bargains have been made in the following—Caledonian, 69,1; Great Northern, 90; Ditto B. Stock, 125; Lancashire and Yorkshire, 71; Midland, 68k; South-Eastern, 62f.
SATURDAY, TWO O'CLOCK.
The English Funds leave off at about the same quotations they were in the morning, after being a little lower. Reduced and New Three per Cents are rather higher. Consols are new 941 for Money, and 941- for Account. Exchequer Bills 4 7. In Foreign Stocks, Sardinian is I better, closing at 88 90. Turkish Scrip has improved ; it is now 2t 3. A payment of 20 per cent upon 2,000,000/. of this loan was made yesterday. Railways have slightly advanced : these are the latest transactions—Bris- tol and Exeter, 954; Caledonian, 601; Chester and Holyhead, 14; Eastern Counties, 111 :East Lancashire, 67; Great Northern, 90k; Ditto A Stock, 79; Ditto B Stock, 125 ; Great Western, 704; Lancashire and Yorkshire, 71i ; Lon- don and Blackwell, 84-1-; London, Brighton, and South Coast, 104k; London and North-Western, 101/ ; London and South-Western, 82; Midland, 69k; North-Eastern—Berwick, 76; Ditto Leeds, 14k; South-Eastern, 62k; Hull and Selby, 102; North-Eastern—Berwick 4 per Cent Preference, 92k; East Indian, 231; Great Western of Canada, 184; Paris and Lyons, 351. Joint Stock Banks—Australasian, 79; London Chartered Bank of Australia, 224; Union of Australia, 684. Miscellaneous—Electric Telegraph, 154; Royal Mail Steam, 60.
3 per Cent Consols Ditto for Account 8 per Cent Reduced New 3 per Cents 944 I 94 931 93 Danish 3 per Cents Dutch 24 per Cents Ditto 4 per Cents Mexican 3 per Cents 77 80 61 3 91 3
23 1 ex d.
Long Annuities
4
Peruvian 41 per Cents 71 3 Bank Stock 205 10 Ditto 3 per Cents 51 3 Exchequer Bills 4 7 Portuguese 4 per Cents 40 2 India Stock 228 30 Russian 5 per Cents 95 7 Austrian 5 per Cents 85 8 Ditto 44 Per Cents 84 6 Brazilian 5 per Cents 98 100
Spanish 3 per Cents 374 8
Belgian 44 per Cents 92 4 Ditto Deferred 181 Chilian 6 per Cents 102 4 Sardinian 5 per Cents 88 90 Danish 5 per Cents 100 2 Swedish 4 per Cents 86
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