13 JUNE 1846, Page 13

MONEY MARKET.

Broca Bic:murex, FRIDAY Armarroott.

The aspect of domestic politics has operated unfavourably upon prices, and the decline at one time was 1 per cent n. our last quotations. The belief that Sir

Robert Peel will eventually triumph been more prevalent for the last two day.s, and the quotations have experienced a slight advance; but the market may still be considered feeble. Some rather extensive sales of Stock have occurred, partly of a speculative nature, and partly occasioned by the termination of several Rail- way schemes, and consequent withdrawal of the sums deposited in the Court of Chancery. From these circumstances, money has been in demand both at the Stock Exchange and generally. Exchequer Bills still appear to be heavy, from the number of sales pressing upon the market, and the premium remains with- out any improvement. In the Foreign Market, Portuguese Bonds continue depressed; some rather ex- tensive sales having occurred, and the tendency of the market being downwards. Since the beginning of this month, the quotations have fallen 13 per cent, viz. from 57 to 44; a quantity of Stock having been sold today at the latter price. Considerable alarm has of course prevailed among the holders of the Bonds; and as a natural consequence of this extraordinary depression, fears for the safety of the dividend which becomes due on the 1st of next month have been expressed. We believe, however, that the whole amount required is in the hands of the finan- cial Agency of the Portuguese Government, and that the dividend will be paid in due course. The Agents of the Mexican Government have given notice of their readiness to exchange the Bonds of the existing Active and Deferred Debt for new Bonds in Active Stock, for the reduced amount of capital as set forth in the propositions adopted at the recent meeting of the Bondholders. The question of the adoption of the new arrangement may therefore be considered as decided in the affirmative: for though some recusants will doubtless be found, their number will not be sufficiently great to affect the. general question. No material change has occurred in the prices of the two varieties of the Stock; the value of which is now adjusted to the proportional advantages receivable under the new arrange- ment. Spanish Stock has declined about 4 per cent; a consequence of the dis- turbed state of Portugal. But the transactions in this and all other Foreign Bonds have been unimportant.

The Railway Shares of every description are lower; the new Scrip being without any general indication of improvement. Some trifling advance has occurred in the French and Foreign Shares; but the business transacted has been insignifi- cant. • Two circumstances have occurred this week, strikingly illustrative of altered feeling of the speculative public at present as compared with last year: we allude to the determination of the Gauge question, and the virtual passing of the bill for the London and York line. If either of these events had occurred last year, the effect upon prices would have been very important: but the shares of the Great Western have been but little affircted by the one, and those of the London and York line actually fell to a discount of 15s. per share as soon as the successful termination of the contest became known.

SATURDAY, TWELVE O'CLOCK •

There is no change in prices, or business of moment occurring, either in the English or Foreign Funds; all of which are quoted as yesterday. The transac- tions in Railway Shares have been trifling ; and we can only notice the occurrence of the following: Eastern Counties, 238 1; Guildford, Farehain, and Portsmouth, 4*; Manchester, Buxton, and Matlock, 4 premium; Manchester and Southamp- ton, 14; Midland (New), 31; North British (New), 114; North Staffordshire, 34; South Midland, 4 din.; South Wales, 14; East Indian, 4.

SATURDAY, TWO O'CLOCK.

The Stock Market exhibits rather a firmer appearance. Consols for Account have been done at 951; but close at the morning's quotation, viz. 954 4. Ex- chequer Bills are very fiat; having been done at 11, and closing at 10 to 15 premium. The sales of this security consequent upon the termination of man), of the Railway schemes press continually upon the market, and the price is thence continually depressed. The Foreign Funds and Railway Shares are the same. We have to notice the occurrence of the following bargains in addition to those given in the morning. Aberdeen 3-*; Birmingham and Gloucester, 126; Bristol and Exeter, New, 10; Eastern Counties, 234 4 4 4; Ditto, New, 71;

Ditto, York Extension, Edinburgh and Glasgow, Half-shares, 17* 17; Great Western, Half-shares, 824 1; Ditto, shares, 161; London and Birming-

ham, 227 61; Ditto, Fifth-shares, 25* 41; London and Croydon, 214 2; London and South-western, 74; Manchester and Birmingham, 80; Midland, 148 9; York and North Midland, 98; Boulogne and Amiens, 104; Luxembourg, 14; Namur and Liege, 344; Orleans and Vierzon, 15; Paris and Lyons, Constituted,

3 per Cent Consols Ditto for Account .....

shut 951

Columbian ex Venezuela ..

Danish 3 per Cents 16 17 87 9 3 per Cent Reduced

95 A

Dutch 24 per Cents 591 60 34 per Cents

961 7

Ditto 4 per Cents 91 2 Long Annuities

10 3-16 1

Mexican 5 per Cents 281 91 Bank Stock

Ditto Deferred 164 171 = Exchequer Bills prem. 10 15

Portuguese New 5 p. Cts. 1841 45 7 India Stock

shut

Ditto 4 per Cents 1545 45 47 Brazilian 5 per Cents

81 3

Russian 5 per Cents 109 111

Belgian 44 per Cents

96 98

Spanish (Active) 5 per Cents 24 1

Chinon 6 per Cents

97 99

Ditto 3 per Cents 1842

364 t 64 4.