MONEY MARKET.
Svocx EXCHANGE, FRIDAY Arntarroos.
The Money Market has been in an extremely sensitive state throughout the week. On Monday, the Market for public securities opened at a decline "'of 1 in Consols; and, owing to further gold withdrawals, and the anticipa- tion of an early increase in the Bank rate, receded during the day to 941, showing much heaviness. On Tuesday, at the commencement of business, Awes announced that the directors had raised the minimum to 4 per cent. This measure did net create any surprise, and the first result was a firmness which had not been experienced for some days. A teaction occurred to 9•14. , An improvement has since been taking place up to the present, and all Eng. • lish Securities are at better quotations. Exchequer Bills have been premed on the market, and yesterday they were negotiated at 5 premium, today the quotation is 1721. Bank Stock, 229 231; New Three per Cents and Re- duced, 941 95. Indian Rupee Paper Five per Cent, 971 98. It is not now expected there will be any immediate augmentation in the rate of discount ; although, until the breaking up of the Court yesterday, it was pretty generally thought that an additional 1 per cent increase would shortly be es- tablished. This impression, coupled with the continuous report of lower prices from Paris, mainly caused the dulness in the markets ; indeed very great heaviness was at one time apparent. But there is now an entirely different feature—Consols closing for money 941 94f and for account, 941951.
The Foreign Market has been dull and heavy during the week, and all descriptions of stock are weaker, more especially Turkish and Mexican. The former have fallen to the extent of 2 per cent, caused principally by some large sales of pawned stock, and partly by adverse rumours, 'one of which was that a New Loan was about to be created. It was at one time positively stated that this Loan had been taken for three millions at sixty. Brazilian, 93 94; Peruvian Four-and-a-half per Cent, 93 95 ; Ditto Three per Cent, 701 711 ; Ditto Uribanon, 81 83; Ditto Dollar Bonds, 80 82 ; Buenos Ayres. 82 84 ; Ditto Three per Cent, 22 23; Venezuela, 26 26k; Granada Active, 16 17; Ditto Deferred, 41 5; Victor Emmanuel, 92 93 ; Sardinian, 841 $51; Russian, 65 651 ; Portuguese, 431 44; Spanish, 44 44f. Money was in demand and dear at the settling of Monday arid Tuesday.
The Railway Share Market was chiefly occupied with the settlement at the beginning of the week, although a good deal of business was also done on speculative account. Prices were in the first place depressed in sympathy with Consols, and during the week an average fluctuation of 1 per cent has taken place. The final quotations, however, being very nearly those of last week. Great Western, 66f 661 ; Midland, 1091 109'1; London and North- Western, 981 98f ; London and South-Western, 961 951. A moderate business has been passing in the lighter shares, and prices have recovered a good deal in value the last day or two. Caledonian, 93 83k; Berwick, 94f ; Chester and Holyhead, 501 51; London and Brighton, Ill 113; South-Eastern and Dover, 831 84j; Great Northern, 107 108; Manchester, Sheffield, and Lincoln, 371 381. The dividends of the Midland and London and South-Western Companies being less than was expected, the quotations are less firm,' but a recovery has taken place from the utmost depression.
The French market has been flat, the Italian question still weighing on the minds of the dealers. Northern of France, 351 to 36; Paris and Lyons, 36 351 ; Paris and Strasbourg, 241 261. The most business has been done in Lombardo-Venetian, which closes 21 2/ premium ; Luxembourg, 6f 6k; Sambre and Meuse, 61 7k. Indian Stocks dull, the great demand for money bringing in sellers. East Indian, 101 101k; Great Indian Peninsula, 98 981 ; Madras, 961 971; Ocean Marine, 21 21 premium ; Universal Ditto,
f premium. Turkey Bank, ft 1 discount.
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