MONEY MARKET.
STOCK EXCHANGE, FRIDAY EVENING.
THERE has been increased ease in the Money Market this week, and it was generally expected that the Bank would yesterday reduce their rate of discount, the terms in the open market being only nto # per cent., or nearly 1 per cent. below the Bank. No alteration, however, was made, in consequence, probably, of the still unsatisfactory position of financial affairs in France. On the Stock Exchange there was an abundant supply of capital, and loans on Government securities have been offered at 1 per cent.
To-day, the 1st of November, being the day appointed for the half- yearly balance at the Bank of England, the Stock Exchange has been closed. The funds have again improved, the abundance of money induc' purchasers for investment. Consols left off yesterday afternoon at 9 D3* for Money and the present Account, showing a rise on the week of a quarter per cent. The next settlement is fixed for the 5th of December, and the last price for that period was 93* 93g. Exchequer Bills and other Government securities had also been in good demand, especially India Five per Cents., which are again hi_gher, at 105* 105*. The Rupee Paper Stocks have improved to 98 the Five per Cents, and 105 the Five and a Half per Cents.
The principal feature in Foreign Stocks has been a rise in Mexican, cm the publication of the terms of the proposed intervention in Mexico, -by which it appears that the rights of the bondholders are to be fully maintained. appears with last Friday, the price yesterday was nearly 2 per cent. higher. Buenos Ayres bonds have improved on the reported defeat of General Urquiza, and Venezuelan on the acceptance, by General Paez, of the head of the Government. In the latter case, it is considered especially satisfactory that he has appointed Seflor Rodriguez (well known in England)to the Ministry of Finance. Turkish Six per Cents have declined on the discouraging accounts from Constantinople.
Railway stocks leave generally improved, the traffic returns being comparatively favourable. Lancashire and Yorkshire has been espe- cially in demand and scarce in the market, the late sales in this stock having beenshietly for the account, while the purchases in it were for immediate delivery. Midland and Caledonian have also been in re- quest and firm. South Eastern has shown the chief heaviness, closing at a further decline of about a half per cent. In the Colonial deartment Indian guaranteed descriptions continue to improve. Great Western of Canada shares have also been inquired for.
Foreign Railways are steady,. and in some cases show a fractional improvement. American Securities have generally declined. An active demand has prevailed for St. John del Rey and United Mexican Mining Shares, and a considerable advance has taken place in both de- scriptions.
There has been only one arrival of specie of any importance this week, viz. the Shannon, from the West Indies, with 164,0001. in silver, and 91,0001. in gold. The exports comprise the Mooltan, to Bombay, with 239,000/. ; the Persia and Edinburgh, to New York, with 74,8871., and about 50,0001. to Spain.
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