MONEY MARKET.
Brom EXCIIANOE, FRTDAY AFTERNOON.
The intelligence from the United States on Monday, confirming the re- cognition of General Walker's Government in Nicaragua, caused the Funds to decline per cent; but, owing to large purchases on account of the public, they afterwards advanced rapidly, until Consols reached 941. Al- though very unsettled since, there have been frequent proofs that the in- tricacies of the American question alone prevent considerable buoyancy. On the settlement of the Account on Wednesday, several fluctuations occurred : Consols were done at 94 to 94k: today, from more favourable views of the American dispute, they are railer higher, and leave.off at 941 1 for Money and 951 for Account. Bank Stock is j, Exchequer Bills is, better.
This has been the last public transfer-day in Consols previous to the closing of the books for dividends. Congo' Scrip has been at 11 premium ; it is now 2 1. No immediate ease has been felt from the reduction in the rate of discount ; the demand for money being greater than was anticipated ; and the revenue-collections this month, and instalments on the new Loan, will probably keep it at la full value. The French Funds have declined about 2 per cent, from various causes,—the failure of M. Place, a Director of the Credit Mobilier, with liabilities amounting to 720,000!.; the adjust- ment of the account on the Bourse when 13 and 14 per cent was paid for continuation on Rentes ; rumours of a new loan ; and the injury to the crops from the inundations.
The gold and specie arrivals have comprised 725,0001. by the West India steamer, 217,0004 from New York, and 32,000/. from Australia. The last advices from China mention a rise in the exchanges, likely to increase the present heavy shipments of silver from this side. The Indus took out
489,6861. of which only 11,3401. was gold. The average amount of bullion in both departments of the Bank of England for the month ending. the 10th of May was 9,796,0811 ; a deefease of 448,3731. compared with the preced- ing month, and a decrease of 5,758,751/. in comparison with the same time last year.
In Foreign Stocks, Russian Four-and-half per Cents are 2, Ditto Five and Dutch Four per Cents 1 better. The rise in Russian is attributed to the discredit attached to the recent rumour of a loan. In securities generally there has been less firmness. Sardinian and Mexican 1, Turkish lower.
Railways have been fluctuating, and have been in a great measure regu- lated by Consols : Bristol and Exeter, East Lancashire, and London and South-Western, are the same as last week. Great Western is 10s. higher. The following have declined—Lancashire and Yorkshire Midland, North- Eastern-Berwick and York, 1/. ; Great Northern, 10s. ; London and North- Western, 58. Foreign Shares have been heavy ; but the principal depres- sion has been in the French descriptions—Paris and Orleans have fallen 41. ; Paris and Lyons, 21. 108. ,• Great Central of France, 11. 15*.; _Eastern of France, and Western and North-Western of France, 11. 10s. ; Northern of France, 1/. 5s.
SATURDAY, TWELVE O'CLOCK.
The English Funds are better this morning; Consols for Account closed yesterday at a price equal to 931 ex dividend—today they are 931 4 ex dividend. Exchequer Bills 1 discount 2 premium. There is again a large increase in the Bank of England return of bullion, amounting to 825,8521. In 1 • Stocks there has been no recovery. Railways are a little stronger— Lancashire, 794; London and North-Western, 1024; Mid- land, 784; South Wales, 731.
asreansv, ONE o'Ctocs. The 'Entice Funds have...ben lower since the morning, but have re- covered ; Consols 41Par.Account Uwe off at 931 4 ex dividend. Exchequer Bills I discount 2 premium. Conan:Snip 24 4 premium. In Foreign Stocks there has been very little sim,g, araftere is no alteration. Buenos Avres has been dealt in at 78.
In Railways no fluctuations have occurred—Calebenian, 61; Edinburgh
and Glasgow, 591; Great Northern, 95 • Great W ; Lancashire and Yorkshire, 93 London and North-,Western, 1021; Londois and South- Western, 981; Midland, 784; North-Eastem—Berwick, 814 Diets York, 584; Oxford, Worcester, and Wolverhampton, 28; South-Eastern„ 714; Eastern of France, 38' Great Indian Peninsula, 221. Joint Stock Banks...- City, 69"; London and Westminster, 49; Oriental Bank Corporation 411; Union of Arestralia 74; Union of London, 30. Miscellaneous--Austitilian. Agricultural, 311; 'Canada, 129; Canada Government 6 per Cent January 3 per Cent Consols
Ditto for Account shut 4 exd.
Dutch 24 per Cents
Ditto 4 per Cents
588 957
3 per Cent Reduced New 3 per Cents
L
Mexican 3 per Cents Peruvian 44 per Cents
221 I
77 9 Long Annuities 3 Ditto 3 per Cents 546 Bank Stock 217 18 Portuguese 4 per Cents 502 ExChequer Bills 1 dis. 2 pm
Russian 5 per Cents 196 8-
India Stock shut Ditto 44 per Cents
97 9
Austrian 5 per Cents 90 3 Spanish 3 per Cents
47 4-
Brazilian 5 per Cents 99 101 Ditto Deferred
254 I
Belgian 44 per Cents 9.5 7 Sardinian 5 per Cents
91 3 exd.
Chilian 6 per Cents 103 5 Swedish 4 per Cents
858ex d.
Danish 5 per Cents 101 3 Turkish 6 per Colas 994 Danish 3 pe Cents 83 5 Ditto 4 per Cents Guaranteed 1034
- At a meeting of the Bank of British North America, on Tuesday, a divi- dend at the rate of 6 per cent per annum and a bonus of 30s. per share (601. paid) were declared. The accounts were highly satisfactory, showing the stability and progress of the bank. The total assets at the end of 1855 were 2,999,9561.; the profit for the year, was 97,0761.
The " Cricichowell Bank "—Mr. George Worrell Jones's—has failed. It did not issue notes, but had a considerable deposit and discount business, Tice-Chancellor Sir William Page Wood, at the instance of a share- holder, has ordered that the Cheltenham and Gloucestershire Joint-Stock Bank shall be dissolved under the Winding-up Act, in preference to the affairs being wound-up by the Directors. He gently censured the Directors for neglecting to " overhaul " the accounts of the bank at an earlier period, and for declaring a 5 per cent dividend when the capital had been lost; though he admitted that with regard to the last matter they had been placed in a difficult position—if-they had declared no dividend and exposed everything it disastrous " run " would have ensued, whereas they had wetly sold the business of the bank to another bank for 60001., and the depositors were secure. There was no suspicion cast on the personal charac- ter or conduct of the Directors.
The Peninsular and Oriental Steam-Packet Company have declared a dividend of 31 per cent for the half-year : this is an interim dividend ; the full amount of the profits cannot be ascertained till the annual accounts are made up.
The Euphrates Talley Railway Company is advertised : Capital, 1,000,000/. The promoters hope to obtain a 6 per cent guarantee from the Turldsh Go- vernment. The object is to connect the Mediterranean with the Euphrates by a railway eighty miles long : communication with India would be- per- fected by means of steamers on the Euphrates and the Persian Gulf.
The manufacturing markets exhibit a tendency to dulness, only partially checked by the reduction in the rate of interest.
At the recent Colonial wool-sales, 51,527 bales were offered from our Southern Colonies, and 1492 from the East Indies. The increased prices ob- tained at the commencement of the sales were not maintained to the close.
An "International Company of Credit Houillier et Metallurgique" has been formed by French, Belgian, and English capitalists, to develop the mines of France, open credit and current accounts, on deposit of securities or the consignment of ore, &c.
A great failure has occurred in Paris—that of M. Place, recently elected one of the Directors of the Credit Mobilier, with engagements for 720,000!.: the loss will chiefly fall on persons of substance. M. Place recently retired from a banking-house with a fortune of 200,0001. His assets are reckoned at 240,0001.
The failure of the American firm of Nye, Brothers, and Co., at Shanghai, is for 700,000!.; assets, 300,0001. One-half of the debts are clue to Chinese houses, and a considerable portion will, it is supposed, fall on New York. .
The first steamer from Cronstadt has arrived at Hull—the screw North Sea, with flax, hemp, linseed, tallow, and iron, and twelve passengers.
The North-Western Railway have modified their rates of carriage for all goods forwarded to Liverpool to be shipped for the Colonies.
• Carsrai, PaLeca.—Return of admissions for six days ending Friday June 6, including season-ticket-holders, 46,359. and July, 1l4; Crystal Palace, 21.