MONEY MARKET.
STOCK EXCHANGE, FRIDAY AFTERNOON.
THE demand for money this week has been very moderate, and there was some expectation that the Bank would yesterday lower their rate of discount to 31 per cent. No change, however, was adopted, not- withstanding the large addition to the resources of that establishment shown in the last return. In Lombard-street, transactions have taken place as low as 3 per cent., and the tendency is towards increased ease.
On the Stock Exchange short loans on Government Securities were offered on Wednesday at 2 to 2t per cent., and are now obtainable at about 3. For longer periods a traction more is demanded. The funds this week have improved, .partly through the failure of a large speculator from the fall, considerable repurchases of stock having been made to close his account. This suspension has brought down seven other houses for small amounts. Compared with last week, Consols are about per cent. higher, the final prices being 93f for money, and 93i to for the account. At one period, however, a greater use had been attained, but the improvement was checked by some rather large sales this morning. There has been a renewed demand for the New India Five per Cent. Scrip, and the quotation has risen to 1031 to 104. The old stock also left off at 1031 to 104.
Foreign Stocks have been moderately dealt in, but in several cases show a stronger appearance. Spanish American bonds have been chiefly inquired for, especially Mexican, New Granada, and Equador. The former is higher on the expected intervention of France, -England, and Spain in the affairs of Mexico, and New Granada on the success of the Liberal party in that republic. Turkish and Brazilian descriptions are firm.
The transactions in the Railway Market have been generally unim- portant, and prices are occasionally less steady than last week. Cale- donian remains the firmest Stock, while South-Eastern has given way about 2 per cent. In the Colonial department Canadian descriptions have declined, but Indian remain well supported. Brazilian shares are higher. In the Miscellaneous Market there has been a better demand for mining investments, and in several cases an advance has taken place. The arrivals of specie this week include the Seine, from the West Indies, with 133,0001. ; the Bohemian, from Canada, with 21,5004 ; the Armenian, from the west coast of Africa, with 13,0001. ; and some large sums in gold from France and Russia. The exports comprise 106,425/. for Alexandria and Bombay, 22,2001. for New York, and 11,1221. for Brazil.
It was stated at the half-yearly meeting of the Railway Passengers Assurance Company, that the income for the past six months was 25,6431. lls. 10d. and of this, 14,6621. 5s. 9d. had been paid as com- pensation for radway and every other kind of accident which this com- pany now insure against. Out of 10,000 annual policies issued in the half-year, 1000 had become claims.
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