MONEY MARKET.

STOCK EXCHANGE, FRIDAY AFTERNOON.

The English Funds continue very inactive, and the speculators are still undecided in their course of action. The requirements for the French Loan have occasioned St demand for money, which is now worth 21 per cent on Government Securities, and 21 per cent in the discount market for loans at can; and these rates, it is expected, will rule for some time. The uncertain state of the weather also has prevented any buoyant feeling, and prices would probably have been lower but for the steady purchases of the public, the arrivals of specie, and greater firmness on the Paris Bourse and in the rate of exchange. The fluctuations in Consols until today were similar to last week, namely from 901 to 914. Today there has been more doing, and they close at 914 /. The resolutions agreed to last night in the House of Commons for the issue of 7,000,000/. in Exchequer Bills or Bonds, having been anticipated, had no effect on prices. The average amount of bullion in both departments of the Bank of Eng- land in the month ending the 7th of July was 17,958,096/.—an increase of 641,6821. compared with the preceding month, and an increase of 4,164,0561. in comparison with the same time last year. The success of the new French Loan, as evidenced by the extraordinary amount of subscriptions in Paris, has occasioned much excitement and com- ment. The scrip is today about 3 premium. The gold and specie arrivals this week have comprised 158,000/. from Australia, and 160,000/. from New York.

In Foreign Stooks the transactions have not been numerous, and little alteration has occurred. Peruvian Three per Cents and Venezuela are 1 better, and Buenos Apes is 1 lower. An official document has been issued relating to the Convention signed on the 27th of June between England, France, and Turkey, for the guarantee of the new Turkish Loan of 5,000,000/. The Six per Cent Stock has been 14 higher today, and has been done at 92; sales have taken place since, and it leaves off 911 1.

In Railways few fluctuations have occurred ; the transactions have been limited, and no symptoms of reaction from the recent depression were ap- parent until today ; they are now better in some instances—East Lancashire has rallied 11. and London and North-Western 15a. ; the latter is now 98/ 91. Bristol and Exeter, and London and South-Western rule at last week's rates, but Great Western is 1.1. lower. French Shares are 1/. to 2/. higher this week, including Eastern of France, Northern of France, Paris and Lyons, Paris and Orleans, Paris and Rouen, and Rouen and Havre.

SATURDAY, TWELVE O'CLOCK.

The English Fonds are lower this morning; Consols opened at 91 and are now 904 1 for both Money and Account. Exchequer Bills 20 4. The

bullion return by the Bank et England shows a decrease of 258,7601. In

Foreign Stocks there is nothing new, excepting a decline of in Turkish, which is now 91 4. Railways are a little lower—Aberdeen, ; Great Western, 644 ; Manchester, Sheffield, and Lincoln, 254; Midland, 704.

1,per Cent Consols

Danish 3 per Cents 81 4 Ditto for Account ..... 90 Dutch 21 per Cents

63 5

8 per Cent Reduced 911 Ditto 4 per Cents 95 7 New 3 per Cents ..... ...,...., 9 Mexican 3 per Cents 211 2 Lon Annuities

Peruvian 44 per Cents 802 '

Bank Stock

214 15 Ditto 3 per Cents 58 60 Exchequer Bills 20 4 Portuguese 4 per Cents .... 43 5 India Stock 231 4 Russian 5 per Cents 100 2

Austrian 5 per Cents

81 3 Ditto 41 per Cents 89 91 Brazilian 5 per Cents 100 2 Spanish 3 per Cents 37 1 Belgian 44 per Cents 93 5 Ditto Deferred 19 4 Chilian 6 per Cents 103 5 Sardinian 5 per Cents 86 g

Danish 5 per-Cents

102 4 Swedish 4 per Cents 87 90

31AILWAY AB.RANGEMENT6.

The half-yearly meeting of the North Staffordshire Company was held on Tuesday, at Stoke-upon-Trent. The Chairman, Mr. Brodrick, referred at some length to the prolonged negotiations for amalgamation with the Lon- don and North-Western Company : he hoped another application to Parlia- ment would lead to a satisfactory result. A depreciation in the traffic receipts was announced, which it was believed would be only temporary. Resolutions were passed deferring the consideration of the report to an ad- pureed meeting, on the 28th instant, and in favour of soliciting Mr. Ricardo to assume again his place at the board. The declaration of a din- dead was postponed, pending the question of liability of the London and North-Western Company to provide 4 per cent for the half-year, The East Lancashire Company, at the meeting on the 15th, will recom- mend a dividend for the half-year of 34 per cent per annum.

The new City Bank will commence business next Monday. The Bank of London will open their two establishments on the 225 instant.

The Naval Bank at Plymouth has been exposed to a "run" from a very simple cause. The branch office of a joint-stock bank situated near the Naval Bank was closed, the business being transferred to another office at Devon- port : the news got abroad that "the bank " was closed, and people for some time thought the Naval Bank was in difficulties, and a groundless panic ensued.

The Times remarks on the reports from the manufacturing districts that they "continue to illustrate the extraordinary steadiness with which the commerce of the country can be pursued in the midst of war."

The price of wool continues to rise, while the cloth manufacture is in an active state: the increased export this year from Victoria will therefore be very acceptable. A "British Slag Company" is in course of formation, for the purpose of carrying out the method patented by Dr. W. H. Smith, of Philadelphia, for converting the millions of tons of iron " slag " yearly produced in this country into a cheap substitute for stone or marble.

A company is to be formed to purchase Mr. Tyer's patents for electric signal instruments, which have been successfully worked for eighteen months on the South-Eastern Railway.

Commodore Vanderbilt, the great New York shipowner, has commenced a line of paddle-wheel steamers to ply between New 'York, Mayre, and South- ampton. The vessels will be large, and magnificent in their appointments. Mr. Vanderbilt has no Government subsidy to assist him in his enterprise. The North Star, which arrived on Thursday, is the forerunner of the line. - The Senate of Hamburg has refused a charter for a new "Bank of North Germany."