MONEY MARKET.
Broca EXCFIANGE, FRIDAY EVENUTGL THE demand for money continues to increase as the end of the year draws nigh, and little business is done anywhere at lower rates than the Bank minimum of 3 per cent. This week, however, on account of the holidays, business has been partially suspended. On Monday the Royal Exchange, Stock Evehange, and most other places of business were shut, owing to the funeral of the Prince Consort, and the only transactions were of a character that could not by postponed without; great loss and inconvenience.
On the Stock Exchange loans on Government securities have been rather more in request, and the terms have advanced to nearly 3 per cent.
The funds have experienced more fluctuation this week, but there has been little business doing. Compared with last Friday, the present prices show no material alteration. Rumours respecting the American difficulty continue to act chiefly upon the market.
Other Government Securities have been rather dull, except India Five per Cents, which have advanced to 103i to 104.
Foreign Stocks have been inactive, but fairly supported. Mexican. and Turkish Six per Cents have improved, but the full rise has not been maintained. The new Italian Loan has again fallen.
The Railway Market has been very dull, but the closing prices this afternoon were rather better than last week. South-Eastern especially exhibits a further recovery. Great Northern also continues promi- nently steady.
In the Colonial department Indian railways have tigain risen. Canadian descriptions are likewise higher.
No material changes have taken place in foreign shares, but the
general tendency has been rather unfavourable. American securities remain heavy.
In the Miscellaneous Market there has been more demand for Joint- Stock Bank Shares. United Mexican have also slightly advanced.
The returns of the Board of Trade of our exports and imports in November, were issued to-day. The declared value of the exporta- tions in that period was 9,874,761., showing a decrease of 882,987/., of which about 600,0001. is under the head of cottons, and 137,0001. for cotton-yarn. Most of the other items, likewise, exhibit a decrease, except woollens, in which an augmentation has occurred of 172,000/.
The imports of yarn this week have been exceedingly small, com- prising 6000/. from America, and about 20001. from the Mediterranean. The exports include 254,045/. to Bombay, chiefly silver.
About 4000/. in gold was taken to the Bank to-day.
Previous page
