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MONEY MARKET. LONDON, Saturday. Money was in good demand, and supplies are steadily diminishing on continued borrowings by the Bank of England. A furtber shipment of £ 526 000 in gold is advised from New York, makinp a total of £828,400 for the week there is, therefore, leas anxiety on the score of bullion. Nevertheless, the market con- tinues to gain in steadiness. The charge for short loans is 4 per cent., and the discount rate for three months bills is 4A per cent. Tenders for 21,600,000 Treasury Bills are to be received at the Bank of England on the 3rd prox. Whilst Stock Exchange business to-day has been quiet, the general tone of the markets has been firmer, owing to the healthier condition into which the Money Market is being brought by the action of the Bank of England. Quotations of most issues have hardened. New Consols closed at 96f to 96| for de- livery, and the account; Oiti 3 perCent., 100$ to 101 Reduced 3 per Cent., 99i to 1CO; New 21 per Cent. 97 to 98 New 2 i er Cent., 93A to 94 Local Loans Stock, 102 to 103. The Foreign Bond Market is steadier, with a quiet business doing. There was an inquiry for Egyptian and Spanish to close accounts for the fall. Otber International Issues also were firm. Peruvian and Uruguay were rather stronger Buenos Ayres Cedulas J rose i Egyptian Preference, i Unified, 1-16 State Domain, Peruvian, 1-16 Russian, 1873, i Spanish, 1-16. With but little doing, the English Railway market has been firm. There was a distinct rally in Southern Deferred issues, and Scotch stocks were strong. In the heavy lines no change occurred. Caledonian rose j Great Eastern, f Great Western, £ Lancashire and Yorkshire, £ Brighton A, 2; Chatham Ordinary, i; do. Preference, i North Western, i meld Deferred, Metropolitan District, A 5 Midland, North Eastern, i South Eastern A. i. A quiet business is passing in Indian Railways, and prices are withcut special ohange. Amongst Canadian Railways there wan a strong aarket for both Grand Trunks and Canadian I'acific issues, with a distinct rise in prices. Grand Trunks Ordinary rose A First Preference, J Second, I Third, £ 4 per Cents., i Canadian Pacific Shares, 11. Business in Foreign Rails was quiet. Mexicans 'Vera Cruz) were steady. Ordinary rose £ • *nd Preferences, i- Nitrate Shares were$better. The tone of the American Railway Market was distinctly stronger. The belief in the early settle- ment of the war of rates, and the re-establish ment of amicable relations generally, is growing, hence speculators for the fall are closing their accounts, and prices are hardening in conse- quence. Central Pacific of California rose | Uhicago and Milwaukee, 1 Denver Shares, g do. Preference, li Lake Share, Ii, Louisville nd Nashville, 1 New York Central, 1 Zrte, i do. 2nd, i; New York, Pennsylvania, 1nd Ohio First Mortgage, I Norfolk Pre- ference, li Northern Pacitic Preference, £ Ohio "nd Mississippi, ± Pennsylvania, 5 Phila- Jelphia and Readme:, i Union Pacific, Wabash Preference, § do. General Mortgage, J. Ga-Gamligfit and Coke 4 per Cent. Deben- ture Stock rose 1. Insurance.—Indemnity Mutual Marine fell L Mines. — British Broken Hill rose i, to 33; Sopiapo 5 16, to 41 to 41 Day Dawn Is, to nil 6d; De Beers 1., to 151; Ooregum and Preference 1 16. to li Rio Tinto 1-16, to <5 1-16 Alamillos i, to 2* Anglo-African 4. 0(' 3A; Colombian Hydraulic, 1-16, to Ii; EI C» 'a<> t. to 21; Gympie Golden Crown 11. to 5-16; L.biola 1-16, to 5 £ Mysore South-East i-16, to 11-16 Panuicill,) 1, to 21 Banti" ii to Bulfontem (New) A, to 4 £ Gold Fields of South Africa 7 16, to 2| Gnqualand West, i Jagortfontein, i. to 13J Emma fell bd, to, 6d Frontloo and hoJi. 61 to 6 6d Colorado gt to i Day Dawn P C Is to a Denala Moy:»r i, to i; Empire 1-16. to 1; Mysore gold 1 16, to 3t Richmond, 116. to 3 Tocapilla fcl. to Oriental i, to 1 13 16 United Diamond Telegraphs.—Anglo-American Deferred fell Eastern Extension, i; West Coast of America, 4 Western and Brazilian, i; do. Preference, t do. Deferred, J. Tramways. G)ntinental and Metropolitan framways fell i; North Metropolitan, i Pro- vincial, 1. Miscellaneous.—Mercantile Steamship rose £ P. and O. Steam, New, I Bell's Asbestos, -1; Richard Hornsby and Sons, i Milner's Safe, £ Telegraph Construction, £ Barrow Hematite Steel 6 per Cent. PrefereDce,, Imperial Russian Dotton and Jute Factory fell i Buenos Ayres H arbour Works, 1. Rates telegraphed [from the East were Bombay Telegraphic Transfers. Is 4 17 ».2d Calcutta ditto, 1. (I; Hong Kong 4 months Dills, 3g ljd Shanghai do., 4" 33 i. Indian Exchanges are quoted -Bank Bills- sO days, It 4 9 16d 30 days, h 4i 1: and demand, Is 4 11 16d. Private bills, 60 day, Is 4ict; 30 days, Is 411 and demand, h 4. 1. Rupee Paper 4 per Cents., óói to 67i do. 4 «er Cents., 70 £ 71. Silver is dull. Bars quoted at 43d. The Mining and General Electric Lamp Dotrpany, Limited, with a capital of cioo,ooo in Li shares, whereof 20,000 shares are ,;&ken in part payment by the vendors, the remainder being offered for subscription, has been formed for the purpose of acquiring from the New Portable Electric Lamp and Power Syndicate Company, Limited, their patents and system for the maoufaoture of miners' lamps, for the lighting of railway carriages, and lamps for domefttio purpol'l<'S. From the exhaustive experi- meutll conducted by the vendors, both in laboratories and in coalpits, it is believed that the problems which have confronted inventors • in designing a suitable electrio lamp have been solved. It is absolutely safe, can be maintained for over ten hours, is Jells than six pounds in weight, can be sold for 21, and the cost of maintenance does not exceed 3d per week. Several important companies, both colliery and iron, have tested the lamp, and have found it very satisfactory. Owing to negotiations already entered into it would appear that there will be a large sale of the article, and from reports supplied to the company by competent engineers it is estimated that a safe 15 per cent. will be returned on the capital of the company. The prospectus appears in cur advertisement columns. Three of the directors are Fellows of the Royal Society, and the Earl of Crawford was cn the Royal Commission of Mines; Mr Higson is one of the largest colliery manailers. and the managing director of the Ebbw Vale Steel Company. LOCAL STOCKS.—Taff V-Ie Railway Ordinary, 235 to 238 Rhymney Railway Ordinary, 200 i-. J.05.

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