MONEY MARKET.
svoca Been...lees, FRIDAY Arrzarroos.
The Funds have experienced a fluctuation of about 1 per cent since the commencement of business on Monday morning. Console were first quoted 96 h 9.5.1 for 6th of June ; several speculative purchases were made during that and the following day, until there were buyers at one time at 951; a reaction, however, set in yesterday upon (as usual) political reports, rumours which have at all times an adverse influence upon a sensitive market, al- though everyone professes to disbelieve them. We have this week had a variety of statements, all of which have proved groundless, or at the least untrue : yesterday, a large loan was to be asked for the National De- fences " ; there was no doubt about a re-formed Cabinet ; and in the after- noon, the Sultan was dead. These and numerous other equally authentic reports had had the effect of forcing Consols down to 941, the market being depressed and heavy. Continental affairs likewise caused a certain uneasi- ness. The amount of business doing has not been large, although there are more signs of activity. Money has been tolerably easy' and, but for politi- cal matters, there would doubtless be an advance all round. Bank Stock leaves off, 227 229; Exchequer Bills, 6s. 10s. ; India Stock, 221 224; India Five per Cent, 1061 1061; New and Reduced, 931 931 ; Consols for Money, 941 941; Ditto for June, 941 95; Ditto for the let of July, 951 951. The market for Foreign Securities has been dull and inactive, and most descriptions of Stock have receded in value ; more especially in Turkish, the variation in which has equalled 2 per cent, the last quotations being for the Old Six per Cents, 731 741; and the New Ditto, 581 571 ; Mexican' 21* 211, dull at the price ; Portuguese about t per cent worse, 441 45 ; there has been some inquiry for Spanish, but the figures remain the same, 471 4.8; Buenos Ayres, 85 87; Ditto Three per Cent, 24 25; Grenada Active, 141 15k; Ditto Deferred, 41 41; Venezuela Active, 251 6k; Ditto One-and-a- half per Cent, 13 14; Peruvian Four-and-a-half per Cent, 92 93 ; Ditto Three Cent, 69 70; Ditto Uribarren, 821 831; Ditto Dollar Bonds, 681 691 ; Sardinian, 821 831; Victor Emmanuel, 95 M; Russian Five per Cent, 99 101. Money has been rather dear in this market.
Business has been tolerably active in the Railway Share Market up to this afternoon, and the variations have fully equalled 1 to 11 per cent. Prices are not suite so firm as they were in the early part of the week, in sym- pathy with the decline in Consols, but the reaction has only been Blight. Midland is now 116t 1161; Great Western, 69 69t ; London and North- Western, 101 1011 , London and South-Western, 951 931; Lancashire and Yorkshire, 1041 1041; Caledonian, firm, 901 91; London and Brighton, 114 116; South-Eastern and Dover, 85 851 ; North Stafford, 131 131; Man- chester, Sheffield, and Lincoln, 411 42; Edinburgh, Perth, and Bow-idea, sot 301; Berwick, 969 ; North British, 61f 611. The traffic returns are again of a very favourable character. Yesterday was the settling day for the fortnight.
The approaching dividends on Indian shares have caused firmness in the markets, and prices are all higher ; East Indian, 102 102k; Great Indian Peninsula, 991 par ; Bombay and Baroda, 961 97.
The French Market is comparatively steady, but quotations are flat ; Midi, 191 20k; Northern of France, 381 381; Paris and Lyons, 34 341; Lombardo-Venetian from premium have declined to f h die. Bank shares have been dealt in considerably at improved rates; City 7576; London and Westminster, 61 62; Oriental, 42 43; London and Joint Stock, 32 33 ; Union Shares have receded to 24 25.
It having transpired that another member had been employed by Pul- linger for some time as Broker, the Committee of the Stock Exchange are now engaged in investigating the affair ; up to the present time there are no particulars known.
SATUIEDAT, TWELVE o'Cnacx.
There has not been the slightest variation in the English or Foreign Markets. Consols are quoted 941 95, with but very little doing.
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