14 MAY 1842, Page 11

MONEY MARKET.

STOCK EXCHANGE. FRIDAY AFTERNOON.

There was a great demand for money on Tuesday, occasioned by the deli- very of the Chancery Stock which, as we noticed in our last, was sold for that day ; and the prices of all descriptions of Stock were heavy in consequence. The market, however, soon assumed a better appearance, and a purchase of 100,000/. Reduced Three-and-a-half per Cents for Money yesterday gave it an increased impulse. The demand thus occasioned caused an improvement in all the English Stocks, especially the Three-and-a-half per Cents, of which the Reduced were done at 100 and the New Three-and-a-half per Cents at 101. Money is again in demand today, and the Three-and-a-half per Cent Stocks have fallen back their yesterday's advance; while the Consols and Re- duced have given way A per cent. India Stock has risen, and is today at 250/, being an improvement of more than 2 per cent from the lowest price of the week. The premium upon Exchequer Bills has improved, and during the week has been as high as 41s. These Securities are not quite so firm to- day, money being, as before stated, scarcer. The dreadful catastrophe at Hamburg has occasioned some loss to our prin- cipal fire-offices ; the largest sufferers being the Phamix, Sun, and Alliance. Very exaggerated reports have been current as to the amount of the total loss ; which, from the best information we can gather, may be stated at from 300,0001. to 500,0001. That it is not of extraordinary severity may be inferred from the fact that there has as yet been no attempt to dispose of the Shares of any of the Companies named at any sacrifice upon current prices ; the only Shares generally current being those of the Alliance, which were previously at 141., and have been done at 13a. The subscription for the sufferers, originated here, has been so successful that we understand upwards of 13,000/. will be remitted by this day's post, being the contributions of our citizens. Considerable dissatisfaction was expressed on Monday at the Post-office repletion compelling the delivery of the mail-begs of the West India packets at Falmouth instead of at Southampton. The Clyde, with the West Indian mails, arrived at Falmouth two hours after the departure of the mail, and having landed her mails, proceeded on to Southampton with her passengers: the latter were enabled thus to proceed to London by the Railway, and arrived in town on Monday morning; while the letters, which were despatched to town by the Falmouth mail, did not arrive till Tuesday morning. The delay of a day was thus occasioned by the Post-office regulation; as had the mail come on to Southampton with the passengers, the letters would have been received on Monday instead of Tuesday. It is stated that the packet was purposely delayed in her arrival at Falmouth, in order to forward the views of influential parties who are desirous of obtaining for Southampton the advantages to be derived from the landing the mails. Of this we know nothing, ancl can only state the fact of the delay. The intelligence brought by this packet was very important to the Mexican Bondholders, and it was uncertain for twenty-four hours whether the amount of dollars remitted (50,000) were on the account of the Dividends or not.

It would appear that the delays in the arrival of the West Indian steam- packets have been occasioned by the difficulty of finding fuel; the steamers having frequently been compelled to make a great divergence from their course in order to cut wood for that purpose, when it was impossible to obtain coals. The chief object of interest in the Foreign Market has been Mexican Bonds, which have risen nearly 5 per cent from the lowest quotation. The packet winch brought the remittance above alluded to, brought also intelligence of another of similar extent being ready for shipment at Tampico; thus nearly securing the amount necessary for the payment of the October Dividends the rise in price commenced immediately upon the receipt of the news, and has continued ever since, until an improvement to the extent already noticed has been realized, the market closing at the highest quotation. Columbian Bonds axe depressed, in the absence of any unfavourable intelligence from the republic, the current quotations of today being 1 per cent lower than our last. The Spanish Active Stock has been as low as 221, but rallied today, and closes at 231 1. The decline was produced by a paragraph in one of the French papers stating that it was expected that disturbances would break out at Barcelona ; but as this anticipation was not realized, the market has recovered again. The settlement of the speculative bargains in the New Three per Cent Stock occurred yesterday : it was anticipated from the large quantity of this stock sold on Foreign account, that the settlement would have been a heavy one; It, however, went off without any extraordinary pressure for money. The other Foreign Funds are without material variation, as are the Railway Shares.

SATURDAY, TWELVE O'CLOCK.

There has been but little business doing this morning, and the prices of the English Funds are the same as yesterday. In the Foreign 'Market, the brokers and dealers are principally employed in arranging their accounts pre- vious to the settlement on Tuesday. The only change that IMO @Omura there is a slight improvement in Spanish Three per Cents, as cotbroared with the Active Stock. The others, with the It ailway Shares, are tie same. Our present quotation of Belgian Stock is ex dividend, and is equal to 104 to 105 with dividend.

SATURDAY. FOUR 0' cv.otar.

During the afternoon the market has been very heavy, and declined without the occurrence of any business of importance. Consols. both for Money and Account, have been done at 921, but close firmer, namely, 921 a for Money, and 921 1 for Account. Exchequer Bills are the same. The Foreign Stocks are generally the seine: Spanish Active is rather lower, being 231 to 1, while the Three per Cents have declined slightly, and are 22/ 3/, The following transactions have occurred in Shares : Radways—Birming- ham and Derby, 48j; Cheltenham and Great Western, 191; Eastern Counties, 6/. Is. 8d.; Edinburgh and Glasgow, 551 1; Great Western, 92; Ditto (New), 64j; London and Brighton, 361; Blackwell, 111; South-weetero, 641 ; South-eastern and Dover, 29/ 30; Ditto (New), 71 1; York and North Mid-

land (New), 3213. Banks—British North American, 11; ; (Joint Australian, 291. Miscellaneous—Mexican and South American. Company, 4/. Metropolitan Wood-Pavement Company, 01 premium.

3 per Cent. Consols

924 a

Columbian 6 per Cents 251 61 Ditto for Account 921 4 Danish .1 per Cents 80 Si 3 per Cent Reduced 9l I Dutch 21 per Cents 521 31 per Cent Ditto 991 Mexicati Spar Cents Coned. 37 .1

New 31 per Cents

10u1 I Portuguese Regency 5 perets. 371 8 Bank Stock

1671 8

DOW New 5 per Cents 1841.

311 2 Exchequer Bills

39 41 pm.

Ditto 3 per Cents

224 1

India Stock 249 50

Russian 5 per Cents

112 113 Brazilian 5 per Cents 67 8 Spanish (Aetive)5 per Cents 231 f Belgian 5 per Cents ... ex div.

1011 2

Ditto 3 per Cents 1812 234

The usual monthly statement of tl e average of the Circulation of the United Kingdom, for the four weeks ending the 30th ultimo, has made its ap- pearance. As compared with the le,t there is a nett increase in the gross cir- culation of 1,835,084L, which has taken place entirely in that ef agland. The increase upon the circulation of the

Bank of England is „ English Private Banks

Ditto Joint Stock Making the gross increase

From this must be deducted the decline of Irish Circulation, viz.—

£1,730,000 193,139

113,244

2,036,38.3

Scotch and

Scotland 79,575

Ireland, Private Banks 148,224

227,799

Deduct increase Bank of Ireland

26,500

Decrease

201,299

£1,835,084 The Bullion in the Bank of England has increased 76,0001.; the amount at present being 7,082,0001.