MONEY eilARKET.
STOCK EXCIIAXGE, FRIDAY Arnearamx.
The Consol Market has fluctuated during the Week between 9i1951 and 951 95/. Business, though probably rather more activethnit last week, still continues extremely limited, the only feature each day being the purchases of the Government Broker, whose investments are now reduced to 60001. Upon the whole the market has assumed greater firmness of tone, and the preponderance of speculation transactions has been in an upward direction. The result of the meeting at Biarritz is awaited somewhat anxiously but not uneasily : this fact, with Chinese affairs, for the time scarcely thought of, and continuous arrivals of gold from Australia and elsewhere, have 'kept the market undisturbed if not in a healthy condition. The demand for accommodation has been moderate, and in the Stock Exchange money on Government Securities has been obtainable at very easy rates. Consols at the commencement of business were 9.5 951; but upon its becoming knodee that the Indian telegram brought us fresh news of an adverse character, the market suddenly jumped up 1- per cent, and closed 95e 9.51 ; since which time the price has daily varied about / per cent—leaving off this afternoon dull, at 951 buyers. New and Reduced Stock shut. The New Indian Loan is engeging-some attention today from the near approach of the settling, which is lixed for the 26th. The price has fluctuated about 1 per cent, aud leaves oft' 1001 1001 for the paid-up stock, and 1001 100/ for the scrip. The Foreign Market has been well supported, and most Stocks have been in demand ; the greatest alteration taking place in Mexican, which Stock has risen about 2 per cent. It is thought that the long-standing claims of the Bondholders are likely to be considered, and negotiations are pending for the sale of a large amount of Church property, and it is expected a large sum of money will in consequence he transmitted to this country for the benefit of the Bondholders ; there is, however, asyet nothing definitively settled, the purchases up to the present being simply speculative. Turkish Stock, after declining 1 per cent, has since recovered, and is now for the Old Six per Cents, 84 85, and the New, 69 70, the Four per Cent guaranteed, 102 103; Portuguese, 46 47 ; and Spanish Three per Cents, 46 47 ; Booties Ayres, 77 79 ; Ditto, 'three per Cents, 191 20; Grenada Active, 17 18 ; Peruvian Four-and-a-half per Cent, 91 92; Ditto, Three per Cent, 72 78; Ditto, Uribarren, 82 83; Ditto, Dollar Bonds, 78 80. Grenada Active along. with Peruvian Stocks have been sought ter, particularly the Uribarren and the Three per Cents. Mexican at the close is 231 231 ; Venezuela Active, 28 281 ; Chilian Four-and-a-half per Cents, 87 89; Ditto, Three per Cents, 71 73 ; Austrian remains 5 die. to par ; Russian Five per Cents, 99 100; Sardinian, 86 87; and the Victor Emmanuel, 91 92. Money in this market continues very abundant. There has been very little business transacted in the Share Market, but the firmness of the Consol Market, the improvement in French Itentes, coupled with the large arrivals of specie, Ace have had the effect of increas- ing the value of most of the leading lines, which close as follows, Midland, 1041 105; London and North-Western, 931 93/ ; London and South- Western, 921 93; Lancashire and Yorkshire, 951 95e ; Great Western, 611 611; Berwick, 881. 891 ; Chester and Holyhead, 481 491 ; York and Nord-- Midland, 72 72k ; London and Brighton, Ill 112 ; North Stafford, 41 4 die. 8(1 Manchester Sheffield and Lincoln, 35 36 ; Blackwell, 61 65. The terms ofb the amalgamation between the Caledonian, Scottish Central, and Edinburgh and Glasgow Railways are as follows : the Scottish Central to receive 6 per cent ; the Caledonian to receive per Cent more than the Edinburgh and Glasgow for six years, and after that the same as that line. The quotations in the market are for the Scottish Central, 121 13.1; Edinburgh and Glas- gow, 77 78; and Caledonian, 871 88t; North British, 591 591 ; Great Northern, 1001 1011.
In French Shares there has been a rise in consequence of the report of satisfactory news received from Biarritz On the ltaliall question. Lom- bardo-Venetian have risen 10, and Paris and Lyons 20, the latter chiefly in- fluenced by improved traffic, Paris and Orleans, 54 56; Northern of France, 37 37e. There is nothing worth particular notice in the other markets, but the prices of Indian and Miscellaneous stocks are tiro.
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