MONEY MARKET.
STOCK EXCHANGE, FRIDAY AFTERNOON.
The various circumstances enumerated last week which imparted buoy- ancy to Government Securities have been again in operation, and the Funds have improved about lkper cent. In this they were assisted by the an- nouncement on Tuesday of a reduction of interest upon Exchequer Bills to be renewed on the 11th of June, at a rate of 2d. per day (3/. 0,. 10d. yearly) instead of 2Id. It is ual to a reduction of 7s. 7d. per annum, and will be a saving of about 30,011 . in the annual expenditure. The measure being viewed favourably, and likewise the Ministerial intimation on the previous night of the possibility of a renewal of negotiations for peace, the improve- ment in the Funds on Tuesday amounted to 1, notwithstanding the pay- ment on the same day of 2,400,0001. on the New Loan. Preparations for this instalment had been previously made in most instances, ren- dered easy through the abundance of money. The range of Consols dur- ing the week has been from 901 to 911. Today they were done in the morning at 901, and afterwards advanced, leaving off firm at 911 1. The June or advertised Exchequer Bills were not affected by the above no- tice, but the March descriptions, which were previously 9 12 rose to 1215, and have remained firm at this price. Omnium has been much in demand during the week, and is now 31 premium. Annuities 1885 are firm at 161 11-16. The arrivals of gold and specie continue on a large scale, and rumours are rife of further reduction being contemplated by the Bank of England in their rate of discount. The returns from that establishment are very pro- mising. The average stock of bullion in both departments, for the month ending the 14th of April, was 15,057,1611. ; an increase of 1,542,8551. com- pared with the preceding month, and an increase of 874,6431. in comparison with the same time last year. The gold and specie arrivals have comprised 190,0001. from New York, 446,1801. from Australia, 100,0001. by the West India steamer, and 81621. from Bombay. The Committee of the Stock Exchange, agreeably to the wishes of the members, have resolved that from the 16th of June inclusive, official trans- actions will close on Saturdays at one o'clock instead of two.
Yesterday, at a special meeting of the South Sea Company, it was stated the total liabilities were 70,339/. 9s. 3d., and the divisible assets 2,236,3871. lls. 8d. The Directors calculated they would pay 1191. 18s. per cent to the proprietors ; and proposed to pay on the 5th of July next, ex- clusive of the dividend then due, 115 per cent, with the option of receiving it on and after the 30th instant at a discount of 3 per cent per annum.
In Foreign Securities, more activity has prevailed than for some time past. Buenos Ayres is 2 better, and the following have advanced 1 per cent- Chilian, Dutch Four per Cents, Mexican, Portuguese, and Russian Four-and- a-half per Cents. Turkish has undergone several changes, and is at present 1 higher than last week. Venezuela is 2 lower.
Railways experienced only a slight improvement on Tuesday, dispropor- tionate to the rise in the English Funds ; and they have since been lower; but today they have rallied, and, compared with last week, London, Bright- on, and South Coast, is 11., Lancashire and Yorkshire 15s., and other leading lines 10s. better, including London and North-Western, Great Western, and Midland. French Shares have been much in request, and Paris and Rouen have improved 21. Paris and Orleans 11. 10s., Eastern of France 11., North- ern of France, and Paris, and Lyons, 12s. 6(1.
SATURDAY. TWELVE O'CLOCK.
The majority last night in favour of Ministers on Mr. Disraeli's motion, combined with intelligence of a defeat of the Russians by the French, and a further considerable increase in the bullion return by the Bank, amount- ing to 602,6151., has caused an improvement in the Funds this morning of 1 per cent ; Consols being very firm at 9111 for Money and Account. Exchequer Bills 11 16. In Foreign Stocks there has been no alteration. Turkish is 77} 8. Railways are a little higher, but few bargains have occurred—East Lancashire, 75; Great Northern, 92; Lancaster and Carlisle, 711; Midland, 711; Oxford, Worcester, and Wolverhampton, 291.
3 per Cent Consols DA.* for Account 8 per Cent Reduced New 3 per Cents Long Annuities Bank Stock Exchequer Bills India Stock Austrian 5 per Cents BrazilianBrazilian5 per Cents Belgian 41 per Cents
Chilian 8 per Cents Danish 5 per Cents
91
91I 0.0*
91 4 3I 208 10 11 16 231 3 84 6 98 :00 91 3 101 3 101 3 Danish 3 per Cents Dutch 26 per Cents Ditto 4 per Cents Mexican 3per Cents Peruvian 41 per Cents Ditto 3 per Cents Portuguese 4 per Cents Russian 5 per Cents Ditto 41 per Cents Spanish 3 per Cents Ditto Deferred Sardinian 5 per Cents Swedish 4 per Cent, 80 3 62 4 92 4 211 21 67 9 47 9 42 4 98 100 88
837 90
181 1 86 8 88 92
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