MONEY MARKET.

STOCK EXCHANGE, FRIDAY AFTERNOON.

The excitement in the English Stock Market regarding the specie move- ment continues unabated, owing to the diversity of opinion upon its pro- bable duration. Some features have transpired calculated to allay appre- hensions of increased pressure. The demand for gold this week has been less ; on some days there have been no withdrawals, the arrivals from Aus- tralia and America being sufficient for Continental purposes. The position of the Bank of France has improved; and since their monthly return, their stock of bullion is said to have increased nearly 400,0001., and no further stringent measures are at present contemplated. It is stated that Messrs. Rothschild have contracted to supply them with gold to the extent of 6,400,000/. There have been some extensive variations in the English Funds. The dividends were paid on Tuesday ; when some heavy advances made by the Bank of England during the shutting had to be repaid. If a renewal was requested, it was only granted for a week ; and yesterday the Directors de- termined not to lend any further sums on Government Securities with the exception of Exche9uer Bills. Although the soundness of the step was ad-

1, miffed, Consols, which had previously stood at 91 , fell to 91. Today, after several changes, they closed ft higher, being 911 for Money and 911 1 for the Account. Bank Stock is 1, and Exchequer B' 58. lower. The public have shown confidence, and have invested largely this week in the English Funds during a depression ; frequently causing a rapid rebound. There has been a heavy demand for money in the Stock Exchange, and out of doors ; it was partly required for the settlement in Shares and Foreign Stocks. The French Funds have been more than 1 per cent lower, but latterly have ral- lied a little. The Bank of Amsterdam have raised their rate of discount from 41 to 5 per cent.

The Corn-market has fallen 18. to 28. Gold and specie arrivals have com- prised 190,0001. from New York, and 368,848/. from Australia. In Foreign Stocks there has been a further fall of 51 in Turkish Six per Cents ; chiefly caused by the late accounts from Constantinople of the state of the Government finances : the Four per Cents have declined 11. There has also been depression in the following—Sardinian and Peruvian Four- and-a-half per Cents, 2 ; Ditto Three per Cents, Dutch Four, and Russian Four-and-a-half per Cents, 1.

Railways have been weak, and sales have latterly increased ; many of them being in connexion with the settlement of the Account, arranged yes- terday. There is now a slight tendency to improvement. Great Western leaves off at 634 4; Lancashire and Yorkshire 94 4; London Brighton, and South Coast, 103 5; London and North-Western, 100 4; Midland, 75 1. The decline this week in French Shares has been—Eastern of France, and Great Central of France, 1/. ; Northern of France, 158. ; Paris and Lyons, and Western and North-Western of France, 108.

SATURDAY, TWELVE O'CLOCK.

The bullion return by the Bank of England exhibits a decrease of 644,1901.; this reduction has been anticipated, and under present circum- stances it is not considered unfavourable. The Funds are consequently ! better -' Consols for Money being 911 1, and for Account 911, 2. Ex- chequer Bills par to 4 premium. In Foreign Stocks, Turkish Securities are higher. In Railways, there has been rather a brisk demand at higher rates—Chester and Holyhead, 16/4 ; Great Western 631 ; London and North-Western, 1001; Midland, '751 ; Norfolk, 461 ; North-Eastern— Berwick, 78; Ditto York, 55.

3 per Cent Consols

91 4

Dutch 21 per Cents 64 6 Ditto for Account 911 2 Ditto 4 per Cents 94 6 3 per Cent Reduced 90 4 Mexican 3 per Cents 214 I New 3 per Cents 91 1 Peruvian 41 per Cents 74 6 Long Annuities 21 Ditto 3 per Cents 53 5 - Bank Stock 210 13 Portuguese 3 per Cents 1853.. 43 5 Exchequer Bills par 4 pm. Russian 5 per Cents 106 8 India Stock 225 30 Ditto 4/ per Cents 95 7 Austrian 5 per Cents 86 9 Spanish 3 per Cents 41 2 Brazilian 5 per Cents 99 101 Ditto Deferred

234 i

• Belgian 41 per Cents 96 8 Sardinian 5 per Cents 87 9 .Chilian 6 per Cents 102 4 Swedish 4 per Cents 85 8 Danish 5 per Cents 102 4 Turkish 6 per Cents 89 Ditto 3 per Cents 835 Ditto 4 per Cents Guaranteed. 981 94

The Agra and United Service Bank, at a meeting in Calcutta on the 15th August, declared a dividend for the half-year at the rate of 10 per cent per annum, besides devoting large sums for building-expenses and to the re- serve-fund.

At a meeting of the Royal Mail Steam-packet Company, on Thursday, a dividend of 2/. per share was declared. With regard to the establishment of a line to Australia via Panama, it was stated that a majority of the share- holders who have expressed an opinion are in favour of the scheme, but it will not be carried out without again consulting the shareholders.

The Royal Surrey Gardens Company are to have a dividend for the first half-year of their existence at the rate of 10 per cent per annum. This arises from the earnings during the ten weeks that the gardens were open.

The "London, Harwich, and Continental Steam Company," with a capital of 100,000/., propose to establish a line of steamers between Harwich and Rotterdam, and a traffic arrangement has been made with the Eastern Counties Railway. It is said that by this route a saving of forty-eight hours could be effected in the transit to India, (by travelling vii Trieste;) as compared with the Marseilles line.

A "Geelong and Ballarat Railway" is advertised. The lino is to form the first section of a direct railway between Victoria and Adelaide. The capital is to be 1,000,0001.; and a guaranteed interest is to be sought from the Colonial Legislature.

The Universal Purveyor Company have resolved to increase their capital to 20,0001.; and to raise it to 100,000/. if certain amalgamations with existing houses can be effected. The object of the company us to supply food and other articles in an unadulterated state.

Mr. T. H. Baylis announces that the dispute between himself and the Directors of the Unity Insurance Company has been settled, and their united energies are now to be turned to a more useful purpose in furthering the ob- jects of the company.

It is a remarkable fact that the recent rise in the rate of discount has not sensibly affected the activity of trade in the manufacturing districts ; even the temporary check at Manchester appearing to have already ceased.

Anew line of screw-steamers to run between London and Valparaiso is to commence on the 20th of next month.

In the year ending June last, the total amount of malt brought to charge was 32,345,642 bushels ; in 1855 the total was-36,398,668, and in 1854 it was 39,511,220. The malt in stock on the 5th July was 12,968,086 bushels, and the extra war-duty to be returned amounted to 837,247/.

The price of corn is declining in all the markets of France.

CRYSTAL PALLCE.—Ileturn of admissions for six days ending Friday October 17, including season-ticket-holders, 17,303.