The Press.
London, England, 1854-08-26 00:00:00

814

Doug illarlat nnl tit (nttliigerat.

FRIDAY EVENING.
THE intelligence of the fall of Bornarsund led to
a rise of some extent in the Stock Market on Satur-
day afternoon. The occurrence was not considered to
p •omise any earlier termination of the war, but was
accepted with gratification, as being the first event
approaching to an achievement which had crowned
the efforts of the allied forces since the commence-
ment of hostilities. Business was inactive, notwith-
standing ; but the quotations improved from 941 to
941 for transfer, and were a shade better than that
for the account of the 13th September.
During the current week the market has shown
constant inactivity. This has been caused partly by
the absence of any particular news, and partly by
the absence of dealers and brokers, who are now
holiday-making out of town. Speculation has
accordingly been unusually dull, the general ten-
dency of prices being downwards, although no
marked fall in the quotations is to be recorded. The
ruling rates were:—Monday, 941 ; Tuesday, 911;
Wednesday, 9411; Thursday, 941 1. To-day's prices
have remained without movement, and are called at
94 to for money, and 041 1 for account. Re-
duced Threes were 94 to 041, and the Three-and-a-
Quarter per Cents. 941 to 941. Owing to the greater
ease of the Money Market, Exchequer Bills main-
tained improved quotations of par to 2s. prem.
India Bonds, par to ss. prem. Bank Stock, 208 210.
India S ock, 225 230.
Money continues easier. On Wednesday the
abundance of cash was practically testified by an
announcement from the Lombard-street discount-
houses reducing to ♦ per cent. the interest for money
left with them on " call."
There has been an absence this week of any gold
arrivals from Australia, although a large number
of ships from Port Jackson and Port Phillip are
overdue.

FOREIGN.
The Turkish loan came out on Wednesday, and is
now quoted upon the authorised list of foreign
securities. Considerable transactions have been
made in it at a fair premium. The first quotations
ranged as high as 7to 74 premium. Sales to realise
profits afterwards brought prices down, though they
continue to be well supported, having never gone
below 6. To-day the quotations have ranged between
6 and Of premium. It is understood that every
holder of 1,000/. of the present stock will be entitled
to receive 5001. of the nmxt is-ue at par, viz., 80/., so
that a person now purchasing at (i 4 premium will,
supposing he takes up the additional stock to which
he will become entitled, pay a premium of only 4},
which will make a material difference in the value of
the stock to large holders.
Other foreip stocks are much neglected. Swedish
improved this morning 1 per cent., from rumours that
the Government of that country showed a better dis-
position*wards the Western powers. Spanish are
flatter, and have gone clown from 37 to 364.
Austria a'ppears to have been quite successful
with its national loan, the subscriptions having
already amounted to 4014 million florins, and by the
end of the month will probably reach 500 millions
(about 41,7(X,0001.)
RAILWAY SHARES.
Transactions in the Share Market have been very
limited. In Brightens on Tuesday there was a fall
of 11. per share, in consequence of the accident on I
the previous day, which, it was expected, would entail
serious claims on the company for compensation on
account of injuries. To-day there has been a little
more activity among the dealers, and the tone of the
market generally is firmer: Caledonians have im-
proved to 634, Lancashire and Yoricshire to 694.
North-Westerns were dealt in at 1044, but left off
lower; Midlands, 684 ; Berwicks, 10s, higher than
yesterday; Yorks flat, at 54i 55; Eastern Counties
a shade lower, at 111; South-Westerns have
improved 10s. Foreign shares have been less
buoyant.

BRITISH FUNDS. Closing Prices.

OFFICIAL QUOTATION.

Wed. Thurs.
24r 17-4 .
pitt TT;
94
941 4 941
94 : 1 i
241 24 114 1
4 4 4 1
910 9elo 911)
220 225
1p 1p 2;
Id
lip 6 Sp tub i

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