12 MAY 1838, Page 9

MONEY MARKET.

Snout Exco•NOR, FRIDAY Arreale00)f.

The English Stock Markets have all imploved. The rise in the Three per Cent. Stocks has been about 7.; per cent., and that in the Three-and...I-Half per Cent. Stocks 1 per cent. Consols were yesterday 944 both for Marley and Account. Reduced Three per Cents. BA, Reduced Three-and.a.11alf per Cents. 101e, and New Three-and-a• Half per Cents. 10:4. The market has shire given Wdy from A to A per cent, and is firm at that reduction. Money still continues very abundant. India Bonds are quoted nominally at 81 to 83 premium ; but there arc so few at market, and the indisposition of holder" to sell is so great, that very little business can be done in thou. Exchequer Bills are higher, the premium being 71 to 73. This decided improvement in our Securities must Inc referred to the vote of the French Chamber upon the subject of the reduction of the Five per Cents., which has now advanced as far as it dill in IS I, when the measure was carried by the Deputies, but so mangled in its p oosage through the Chamber of Peers as ro Oeeessitare its abandonment by the Ali:lister. It remains to be seen w bother it will be carries' now in opposition to the interests of the Peers and that of the King, wile, as a Retitle], is uoilerstood to regard with horror any proceeding that tends to decrease the accumulative power of 1st, immense wealth. The Not thorn European Stocks are improved from the salile cause; ltrt,siati Bonds haying been done at 113, and Dutch Stock lie :mt. risen—die Two- :mil-a-161f per Cods. about I' and the Five per Cents. nearly 1 per cent. Dani-li and II deem Stock, however, continue steady. Little has been doing in Brazilian, which have riot varied extensively from mil l rid quotationa. The other South American Stocks are also the Koine, as are Mexican hoods.

Sp mish Active Stock was steady between 201 and 201 till this morning, olive it has advanced to 21i : this improvement may be partially at:ributed to the military successes of the Christi's° Generals, but some of it is also due to a report of d Congress being about to assemble. for the purpose of settling the affairs of the Peninsula upon the principles of a compromise. it is also ti,,erted that the proposals for a hurl made to the Government by M. AG e ADO, and since withdrawn, have been renewed by some influential capitalists. S:aine difficulties have occurred to delay the drawing of the lottery, which is to dooide the numhers of that portion sit the Deferred Stock which is to be con- y, rt. d into Active, according to the terms of the contract of the loan of 1!134. it scan at first proposed that the drawing should take place before Commissioners tit London ; but it was found that no lottery could legally be drawn in England. Paris was then determined on ; but the same objection against the legality ap. pairs in France ; and it is now deter mined that the drawing elan take place tit Madrid, and hence the delay in the declaration of the result.

Portuguese Bonds have improved more than 2 per cent., under the convic• tion that the return of the exiled Chartists to the Peninsula will lead to the esiahlishuicut of a better order of things. Little business has been doing in the Railway Shares; which, with the excep- tion of the Great Western, are flat. • The Aspbalte Companies continue to multiply, though they do not tend to increase the means of their projectors; as those brought out during the last few days have not attracted much attention, and, though a few shares have in the first instance been disposed of at a premium, are fast falling in price and sink-

ing into oblivion. SATURDAY. TWELVE O'CLOCK. Scarcely a bargain has occurred this morning, and prices are nominally the same as yesterday. The markets, both of Spanish and Portuguese Stock, 'how- ever, are firm at the nominal quotations.

3 per Cent. Consols 941 Brazilian 5 perCents. 76; I

Ditto for Account 94; Danish 74; 5 Dutch 2; per Cents fig f

Portuguese Regency 5 p. Cts 35;

Ditto 3 per Cent. 23* 4;

Russian (1822) 5 per Cent 112; 13 Spanish (1835) 5 per Cent 21; Deferred Stock 81 i

Passive Ditto 4i ;

3 per Cent. Reduced 93* New 3; per Cent. Anna 1011 + bank stock 205 6 India Stock 271 2 Ditto Bowls 81 83pm.

Exchequer Bills 7173pm.

Belgian 5 per Cents 101; ;