MONEY MARKET.
STOCK EXCHANGE, FRIDAY AFTER.NOON.
There has been a great deal more activity in the market for public se- curities during the past week, although the real amount of legitimate bu- siness doing from day to day is still very trifling; quotations have, however, advanced, and been supported occasionally with considerable buoyancy. Console were first quoted on Monday morning 951951, since when,, a daily fluctuation of 3-16 and 1 per cent has occurred, closing this afternoon at a total improvement of f per cent ; there have been more bond fide invest- ments by the public, a continuance of which, in however small amounts, is generally followed by an advance in values. Money is till in great abund- ance, and the demand at the Bank and elsewhere is very slight. The Funds have today exhibited a much healthier tone and purchases for the September Account have been made to some extent. Consols for August are 951, 96 ; New Three per Cents, 961 961; Bank Stock, 224 226; Reduced, 961 961 ; India Stock, 217 220.
Prices in the Foreign Stock Market have improved, although the amount of business passing is comparatively unimportant. Brazilian New Scrip maintains the late rise, the quotation being par. prem. Turkish Stock is somewhat depressed, no doubt occasioned by the disturbed state of affairs in Syria. There has been more enquiry for Venezuela, which continues well supported at the late advance, the hope gaining ground that the long de- layed settlement of the debt is about to take place. Mexican closes, 191 201 ; Venezuela Active, 38k 39f ; Peruvian Four and-a-half per Cent, 89 90 ; Ditto Three per Cent, 68f 691; Turkish Six per Cent, 95 951; Ditto Four per Cent, 105 1051; Chilian 105 107; Grenada, 201 211 ; Brazilian Scrip. par. 1 prem. Spanish, 44 44 ; Ditto Certificates, 5 51; Victor Emmnuel, 91 93. Transactions in the English Railway Share Market have been rather nu- merous all the week, and an advance in prices has again taken place ; the low rates which ruled some time ago have gradually brought legitimate pur- chasers into the market ; the result of which is, the present improved list of quotations. In the leading lines the rise has been in some instances con- siderable. Midland, 921 shows an improvement of per cent ; London and North-Western, 911 921, 2 per cent higher than last Friday ; Lanca- shire and Yorkshire, are likewise f per cent better, 91ff 92; Caledonians have been better, but close dull, 371 38 ; Berwicks, 91 91f ; North Stafford,
6 ; Oxford, Worcester, and Wolverhampton, 14 141; Brighton, 109 110; South-Eastern, 201 201; Great Northern, 2.51 25f ; Eastern Counties, 121 12f ; London and South-Western, 47 47f. The French Market is languid, owing in a great measure to the absence of operations in Paris, usual at this time. Northerns are quoted, 364 36k ; Paris and Lyons, 30130f ; Paris and Strasbourg, 25 2-5f. In Indian and Miscellaneous Shares there is little alteration to notice. East Indian, 102 1021.
At a meeting of the proprietors of the City Bank on Tuesday, a dividend and bonus were declared equal to 4 per cent. per annum, free of income- tax, making a total distribution for the year ending the 30th of June of 61 per cent.
The Commercial Bank of London has declared a dividend at the rate of 6 per cent per annum free of income-tax. The profits of the last six months have not been equal to the anticipations previously entertained.
At a meeting of the London Life Association payment in full was refused of a policy of insurance on the life of the late Mr. John Sadleir, who com- mitted suicide in the year 1856. The amount insured was 50001., and an award of 782/. had been previously made, being the value of the policy at the time of Mr. Sadleir's decease.
- At a meeting of the proprietors of the St. Katherine Docks on Tuesday, a distribution was ordered for the past half year of 21 per cent free of income- tax.
From the report of a meetinf of the Eastern Steam Navigation Company it appears that all attempts to raise funds sufficient to fit up the Great Eastern have failed. So that this enterprise languishes for want of capital. At a meeting of the proprietors of the London and Westminster Bank, Alderman Salomons in the chair, a dividend and bonus were declared at the rate of 16 per cent per annum free of income-tax. The chairman congratu- lated the shareholders on the prosperous condition of the undertaking. Up to the 31st of March last there were registered in England 181 old and 624 new joint-stock companies with limited liability; in Ireland, 20 old and 29 new ; and in Scotland, 3 old and 29 new.
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