MONEY MARKET.
STOCK EXCHANGE, FRIDAY AFTERNOON.
The Funds have shown considerable steadiness, and towards the close of - the week there has even been firmness, although the advance in Console has been limited to f per cent. Railway Stocks, however, have been chiefly in favour, particularly with country buyers, the orders from the provinces having absorbed large amounts, until the market is very bare of some of the leading descriptions. In the case of railways, the improvement has been in several eases from 1 to 2 per cent ; and from the solid increase which the traffics present, the general aspect of the money market, and the tendency of the existing complications in Syria and Italy to be resolved without re- sort to arms; 'the improvement does not seem likely to undergo any serious reactions.
Consols have been at 93f to for the greater part of the week, but yester- day and again today they closed at 931 to I. Reduced and New Threes have been in good demand, and they must be quoted always 1 per cent higher than Consols. Business in Foreign Stocks has been inactive, and quotations the turn easier. The closing prices this afternoon were :—Russian Five per Cents, 107 109 ; Spanish Three per Cent, 48 49 ; Turkish Six per Cent, 761 77 ; Venezuela, 22 23 ; Victor Emmanuel, 93 95 ; Belgian, 95 97 ; Brazil Five per Cent, 99 100 ; Buenos Ayres, 83 85 ; Chili Six per Cent, 103 10.5 ; Dutch Two-and-a-Half per Cent, 65 66 ; Mexican, 201 21; Peruvian Four- and-a-Half per Cent, 94 95 ; Portuguese, 44 f. r Railway Shares, as already stated, have advanced, and a considerable amount of business has been done for investment. Today Great Northern Stocks advanced 1 to 11 per cent, and Midland and South Eastern f per • cent. The Market closed steady. In Banking Shares, Union of London have receded, and there has been a slight decline in London Discount, and also in City Bank Shares.
Money was only in moderate demand today, with supplies so easy that several of the Discount Houses reduced their terms to n per cent. This rate is, however, far from general, as more than one of the leading houses will do nothing below 4 per cent.
The imports of gold this week have been very limited. Up to this day they had not exceeded 88,0001., but this afternoon the Persia arrived from New York with 90,0001., so that the whole import is 178,0001. The West India packet of the 1st is expected to bring a large sum in Mexican dollars. The Continental demand for gold has been active enough to absorb all the imports of the week, in addition to 20,0001. in bars taken from the Bank today. About 400,0001. Australian gold are now just due.
The following were the closing quotations :—Aberdeen, 31/ 32; Cale- donian, 941 95 ; Chester and Holyhead, 52 53; South Eastern, 861 861 ; Eastern Counties, 561 571; Great Northern, 116} 1171 ; Great Western, 711 724; Lancashire and 'Yorkshire 1081 109; Midland, 121} 122; Lon- don and North Western, 103} 1041; Manchester, Sheffield, and Lincoln, 42 421; London and South 'Western, 96 964 ; Grand Trunk of Canada, 6171. Console for August Account, 931 SATURDAY, TWELVE O'CLOCK.
There is little doing although today is the first for adjusting the Share Account. Consols are somewhat flatter in tone, the price being 931 only. The Share and Foreign Markets keep good in character.
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