THE MONEY MARKET IN EUROPE.

Lyttelton Times, Volume IX, Issue 541, 9 January 1858, Page 3

THE MONEY MARKET IN EUROPE.

cT iris^Sept.' 19)' Correspondentof 'London Post.' (i TE# &!fc^ißtioii£ attli' W^f of prices' on ! 'Ue^pliSWf, "afidj'lt is rwV tifikti'Wider W gbtiatioa between bonds npihmatiTO ;tioko'pky^bl6: to the*bearer. 7 But It Is , ■evident thai more valid reasons than those | i^atei!' aW yet1 i'^ttirSd 'to' account 'either |

for' tlie'fall''or rise in prices- It ip fiiji likely that the present favourably, reaction will be long1 sustained. The published re-, turns of the. French' faihv-a}'ss showlittle amelioration irt the'receipts, and the season is passing" in .which an .increase of traffic chn be looked for. The ;erisis in the tTiiited State? will sooner or. later. affect, in .'some., ',degree, tlie English market, and our intelligence from India is not sufficiently reassuring to prevent great fears for the effects of commercial derangement in that quarter. One certain eftect 6t'' the troubles in India will be the diminished redei|)t-s of-cotton/ and this lat a 'time when the cotton,crops in theTFniteft States are nlot large. ' . .; :: /..) ... ;; .••■' .-;.- „ . , ; Speculation during thfe^isek has almost

exclusively been confined to the credit Mobilie.r and,one or two lines «f railway. 'The Credit Mobilier *has fallen from 860 francs to ?Oo~franes| adding to this depreciation 'that'of 100 francs in the" previous week, we haver the enormous fall/of 260 francs in a fortriigliiC Many causes are assigned for this fluctuation, jrat, probably .itjis a mere question-of dividends, and in np Avay attributable to. want of iq the company's administration. . . . ' The Bank pf IJranceiremains firm diiiingthe decline in other stock. The Credit Foncier Jias also "escaped- the; g-eneral downward movement- >Vgi;i<Jultural credit institutipns are, exempt from taxation, and are in niany respects more favoured by the existing ■legislation.