MONEY MARKET.

STOCK Excesses, FRIDAY APTF-ENOON.

The market for English Securities has shown increased heaviness this

week, and a decline of per cent has been established upon last week's quotations ; this fall is more attributable to absence of business than to any actual pressure of sales. There is no inducement to speculate just now, and the chief operations have been to close old accounts. The Government Broker has again made a daily purchase of about 15,0001. in Reduced ; this, however, has invariably failed to impart anything like firmness to the market : business is at a stand-still, and there is every appearance of the same inactivity remaining for some time ; at any rate, during the present

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Account there is little probability of improvement. The demand for money is still large, and at about the Bank minimum rate. Today Consols have been at their lowest price, there being at one time sellers at 951 ; a rather firmer tone prevailed at the close, and the final quotation as 94 951; Reduced, 94 g ; New Three per Cents, 94 1.

In the Foreign Market nothing has transpired in any way to relieve the general dulness of business ; stocks are all at nominal prices, the least bargain tending to influence the market for the time ; quotations are all in a slight degree lower; the new Brazilian Scrip was at one period quoted 2 11 discount, and although the price is nominally 11 14 dis., the tendency is downwards. Mexican Bonds are 1 per cent worse. Peruvian Stock is good at the price-87 88, and the Three per Cents, 66 67. Mexican, 191 20 ; Buenos Ayres, 83 8.5 ; Venezuela, 371 381 ; Grenada Active, 20 21 ; Grenada Deferred, 51 6 ; Victor Emmanuel, 92 93, ex div. ; Russian, 111 113; Spanish Three per Cent, 44 43#; Ditto Deferred, 261 27. The dealers in the Railway Share Market have been principally engaged this week with the settlement of the half-monthly Account, which took place on Wednesday; independently of transactions in connexion with that event, no bargains of importance have been effected, and business has been exceedingly dull; prices have in nearly all cases receded, Cale- donian as much as 41. per share. In Midland a decline of 2 per cent has occurred, and in Loudon and North-Western 11 per cent. Since the settle- ment there has been less than ever doing, pricer closing this afternoon a shade firmer than at the opening this morning—Brighton, 107 108 ; Dover, 191 ; Great Western, 491 501; Midland, 891 90 Birmingham, 88 90;

London and South-Western, 461 46 ; Leeds' 84 ' ' 89 - North Stafford, 6 dia. ; Sheffield, 36 37 ; daledonian, 35 36 ; Great Northern, 241 f. The French Shares Market is firm, the traffic returns showing improve- ment; but prices are only alightliaaltered, as the advance induces many holders to realize. Lyons, 301 30 ; Northern of France, 351 36 ex div. ; Strasbourg, 25 251. The Indian Market shows great heaviness, as many shares lately created continue to be brought to market by parties who hold them for speculation. East Indian, 1031 1041.

At a meeting of the South Australian Bank proprietors, on Tuesday, a dividend at the rate of 6 per cent per annum was declared. It appears from the report of the Directors, that from ill-advised advances at Adelaide, losses have resulted, so that no colonial profits for the past year could be reckoned on.

The City of Glasgow Bank, which temporarily suspended during the crisis in November last, but was able subsequently to prove its solvency, has issued a statement preparatory to the annual meeting of shareholders On the 7th of July. According to this more than 90 per cent of the capital is in- tact, its amount having been 745,4101., while there is now a balance of assets over liabilities of 673,8211. The deficiency, therefore, is only 71,5891., which it is proposed to make up by an appropriation of 20,0001. a year out of future profits.

Domingos Ferreira, a general broker at Rio, has failed with liabilities amounting to 700,000/.

Messrs. Skeen and Freeman, timber-brokers, suspended payment on Wednesday : liabilities, from 30,0001. to 50,000/.

Messrs. Bristow, Warren, and Harrison, wholesale grocers, have stopped payment : liabilities, 50,0001. to 60,0001.

The affairs of Messrs. Ross, Mitchell, and Co., Canadian merchants, have turned out less favourably than was expected. Instead of a surplus, there will be a deficiency. The creditors are dissatisfied with the conduct of the firm ; but they have consented to accept a composition of 12s. 6t1. in the pound.

The South Australian Company has declared a dividend at the rate of 7 per cent per annum.

The Electric and International Telegraph Company, in order to meet the increasing traffic between England and the north of Europe, have ordered from the firm of Messrs. Glasse and Elliott, of Greenwich, a new cable con- taining several wires. It is intended to be submerged before the end of the summer from a point between Lowestoft and Orfordnesa to Zandvoort, on the Dutch coast, not far from Amsterdam. This cable will be 130 miles in length, and weigh 91 tons per mile, being the heaviest yet manufactured. By means of this cable it is expected that the direct communication between London, Berlin, Hamburg, &c., will be greatly facilitated.

Atlantic Telegraph Company shares, 10001. paid, have been sold for 5001. —50 per cent discount.

The Corn-market recovered la. on Monday.