MONEY MARKET.

STOCK EXCHANGE, FRIDAY AFTERNOON.

The variations in the English Funds continue moderate, but on the whole the Market has been languid : the transactions have been very limited ; and as a large number of the leading operators are out of town, it is under the control of a few members, and is more susceptible of depression from adverse reports and established facts. Rumours have been revived of new loans for both Turkey and Russia, but without much credence being placed in them. The more immediate cause of the prevailing dulness has been a sudden de- mand for money, now worth in the Stock Exchange 45 to 5 per cent ; and the arrangements connected with the Foreign and Share settlements, just completed, tended to increase the pressure. In the discount-market the rate is 4 to 45 per cent, and 34 is now given for deposits at call ; and after a cessation of several weeks, the applications at the Bank of England have been numerous. Exchequer Bills have shown the usual indications -ander such circumstances, and have fallen 6s. Consols have been 4 lower, yesterday they closed at 955 ; today they are the same for Money, but 1 higher for Account. Bank Stock has improved 5. India Stock has not altered.

There have been no symptoms of activity on the Paris Bourse ; partly through the absence of several of its members. Great discouragement is felt at the constant shipments of gold to the Continent for the Bank of France, and for purchases of silver. The financial letters from Paris con- tradict the recent rumour that the Bank of France had agreed with London firms for a supply of gold to the extent of 4,000,000/.

The Corn-Market has fallen gy. The gold and specie arrivals have com- prised 2481000/. from New York, and 427,0001. from Australia ; but only a small portion, it is thought, will be retained in this country. Accounts from China give unfavourable quotations in the rates of exchange, and they have occasioned an increased demand in London at higher prices ; the ship- ments of silver by the packet of the 4th are consequently expected to be very heavy.

In Foreign Stocks, sales have preponderated, and in some eases there has been a tendency to weakness. The rumoured loan for Turkey caused a fall in the Securities of that country„—namely, 1 per cent in the Six and in the Four per Cents : they have since rallied to about the same extent. Buenos Ayres is 1 lower ; Belgian 2, Spanish Deferred 4, Ditto Three per Cents, and Mexican, better.

Railways have been less firm. on Wednesday, the arrangement of the Account affected them, and the pressure for Money caused greater difficulty in carrying over, and higher rates were asked. Today they are a little stronger. London and North-Western are the same as last week ; Great Western 1/. los., London and South-Western IL, Midland 158., South- Eastern 10s. higher ; Bristol and Exeter 11., Caledonian 58. lower. In Fo- reign Shares there is very little difference, except in the French descriptions. Northern of France have fallen 15s.; Paris and Lyons 108.; Eastern of Prance Ss.

SATURDAY, TWELVE O'CLOCK.

The English Funds are steady this morning ,• Consols for both Money and Account are 958 4. Exchequer Bills continue heavy at 14 18 premium. The bullion return by the Bank of England shows an increase of 58,0494 The Corn-market yesterday exhibited a further depression of nearly 38. per quar- ter. Specie was received yesterday by the West India and Mexican steamer amounting to 250,000/. Foreign Stocks present no change. Railways are rather firm; the present bargains are—London and South-Western, 1094; North-Eastern—York, 624; 'North Staffordshire, 13. SATURDAY, ONE °Twat.

In the English Market a continuation of fine weather and good harvest prospects have caused an improvement of 4. Consols for Money and Ac- count are now 951 1. Exchequer Bills 14 18 premium. Exchequer Bonds 1858, 1001 4. In Foreign Stocks, Turkish Six per Cents are 5 better ; Venezuela has been done at 335.

In Railways there is very little alteration, but the inquiries for Shares were more numerous towards the close—Great Northern, 974; Great West- ern, 634; Lancashire and Yorkshire, 974; London and Blackwell, 74; London, Brighton, and South Coast, 108; London and South-Western, 1094; Midland, 44; North-Eastern—York, 624; South-Eastern, 744; Geelong and Melbourne, Guaranteed 5 per Cent, 245; Great Western of Canada, 251; Northern of France, 414; Paris and Lyons, 565. Joint Stock Banks—Bank of Egypt, 131; English, Scottish, and Amu-alien Chartered, 175; London, 694; London Chartered Bank of Australia, 224; London Joint Stock, 31; London and Westminster, 484; Ottoman Bank, 124 ; Royal British, 42; Western Bank of London, 501. Miscellaneous—Canada Government 6 per Cent January and July, 115; London General Omnibus Company, 41.

3 per Cent Consols

I Dutch 24 per Cents 64 6 Ditto for Account

ggi }

Ditto 4 per Cents 96 8 3 per Cent Reduced 96 4 Mexican I per Cents 23 } New 3 per Cents 961 } Peruvian 44 per Cents

81 3

Long Annuities

31

Ditto 3 per Cents 57 9 Bank Stock 2174 184 Portuguese 4 per Cents 49 51 Exchequer Bills 14 18 pm. Russian 5 per Cents 111 13 India Stock 234 6 Ditto 44 per Cents 98 100 Austrian 5 per Cents 87 90 Spanish 3 per Cents 444 54 Brazilian 5 per Cents 101 3 Ditto Deferred 24 4

Belgian 44 per Cents

97 9 Sardinian 5 per Cents 91 3 Chilian 6 per Cents 104 6 Swedish 4 per Cents 85 8 Danish 5 per Cents 103 5 Turkish 6 per Cents 1044 } Ditto 3 per Cents 83 5 Ditto 4 per Cents Guaranteed 10445 x d

RAILWAY ARRANGEMENTS.

In the report of the North Staffordshire Railway Company, it is men- tioned that the claims against the London and North-Western Company amount to 62,904/. In the proceedings now pending between the two com- panies, the North Staffordshire are determined to obtain the judgment of the Court at the earliest period. The net profits of traffic on railway and canal exceed those of the corresponding half-year of 185.5 by 25,556/. The dividend is at the rate of 34 per cent per annum, or 68. lfd. per share. The half-yearly meeting was held on Wednesday, at Stoke-upon-Trent, and the report was adopted.

Jedburgh. This line, which branches from the North-British Railway at Roxburgh to Jedburgh, was opened for traffic on the 18th instant. It is seven miles in length, and cost about 40,000/.

The report of the London and South-Western Company shows that the- net revenue for the half-year to the 30th June, after allowing for interest on loans and preferential charges, amounts to 184,9241.: adding 11,5864, the balance from last account, there will be 196,5101. available for divi- dend, which it is proposed shall be at the rate of 5.5 per cent per annum : this will absorb 191,143/., and leave 5367/. The increase in the gross re- venue for the past half-year over the same period in 1855 is 6113921. The works between Andover and Salisbury are progressing, and it is intended to open that line throughout to Salisbury in March 1857.

At the half-yearly meeting of the Royal British Bank, yesterday, a divi- dend at the rate of 4 per cent per annum was declared. It was explained by Mr. Esdaile, who occupied the chair, that the apparent decrease of deposits —which we have noted in a paper in the Supplement—is not real, but arises from an altered mode of presenting the statement : during the past half-year, if the accounts had been framed as on former occasions, they would have presented an increase of 100,0001. It was stated that the bank was covered for any advances made to their late manager : several share- holders condemned the policy of making advances to officers of the bank. Eventually a vote of confidence in the Directors was passed.

The week has been fruitful in the projection of new companies.

The European and Indian Junction Telegraph Company—capital 200,000/. —propose to complete a telegraph line between England and India. It is to commence at the port of Seleuma, in the Mediterranean, connecting there with the Austrian system, and proceed to the Persian Gulf by the valley of the Euphrates ; a cable is to be laid thence to Kurrachee, by the East India Company. Pecuniary support is expected from the British Government and the East India Company.

The Hungarian Land Company is projected to purchase an estate at Gross-Wardein : one portion of the plan is to clear the forests, and after making a profit by the timber, to make a further profit by the land. The estate contains five villages, 13,070 acres of lands variously occupied, man- sions, water-mills, &e. The prospects of gain held out by the prospectus are very glowing. The capital is to be 85,0001.

The Bristol, South Wales, and Southampton Union Railway Company, with a capital of 300,0001. has for its object to unite Bristol with South Wales, and to connect the 4ilways on the English aide of the Bristol Chan- nel with those on the Welsh side, and the English with the Bristol Chan- nels, by constructing a short junction-line between the Railway Termini at Bristol and Portskewet.

The South-Western Hotel Association intend to purchase a mansion in the country where hotel-accommodation will be afforded, and .rivate suites of apartments and grounds for those rusticating. Capital 50,1111.

The Metropolitan Bath Company is to have a capital of 10,000/. The- manager is to be Mr. Mahomed.