14 MAY 1853, Page 11

MONEY MARKET.

STOCK EXCHANGE, FRIDAY AFTERNOON.

The Royal assent having been given to the bill for the Conversion of the Three per Cent Stocks, books were opened on Tuesday at the Bank of England for proprietors who may wish to convert the old into either of the three de- scriptions of new securities. At present the public have shown no great do- sire for an exchange. On the first and second days the applications are ' believed to have been solely for the Two-and-a-half per Cent Stock ; and it is stated that up to Wednesday inclusive the amount applied for was consi- derably under 1,000,000/. This is accounted for from the comparative few that are yet aware of the Bank being prepared to receive applications. With respect to Exchequer Bonds, a desire is manifested to await the publication of the terms in the Gazette ; so that attention has not been directed to these securities.

A demand for money has again existed at the Stock Exchange. The Eng- lish Funds have been dull, but the fluctuations very trifling ; Consols for Money have only ranged between 1004 IF and 1001 4. Yesterday the settle- ment of the Account had no effect ; the "continuation" was 1-8th to 3-16ths. Several sales have taken place today ; Consols closing 1 lower, at 1001 4 for Money and 1001 for Account. India Stock is 1, and Bank 1 better this week. Exchequer Bills have not altered.

In Foreign Stocks the transactions have been extremely limited, and very little alteration has occurred either in the principal or the speculative descriptions; except in Buenos Ayres, which has advanced 5, being now 71 3, and a fall of 3 in Peruvian Deferred, which was yesterday done as low as 65; today it is 64 6. The Scrip has declined I this week, Chilian 1, and Mexican 1. The Railway Market has not been active : the pressure for money has had an unfavourable influence ; a rally has occasionally beels attempted, which has not succeeded. On Tuesday several purchases were made in Caledonian Stock, which improved to 681 9; yesterday they were 10s. lower ; and Shares generally were weaker. At the close of the market, the difference in somo of the leading lines compared with Saturday last was to the following extent. Increase—Caledonian, Great Northern, Lancaster and Carlisle, Oxford, Wor- cester, and Wolverhampton, and Shrewsbury and Birmingham' 11.; Lanca- shire and Yorkshire 15s. ; York and North Midland, 10s. Decrease—Scot- tish Central, 11.; Scottish Midland and South Wales, 10s. ; Great Western, London and North-western, and South-ea-tern, 58. In Foreign Shares the decline has been—Paris and Orleans, 1/. 10s.; Paris and Rouen ; Paris and Lyons, and Western of France, las. ; Rouen and Havre, and Sambre and Meuse, 5s. An improvement in the following has occurred—Southern of France, las. ; Paris and Strasbourg, 10s. ; Northern of France, 7s. 6d. To- day Foreign Shares are rather higher ; but the English lines are heavy, with a decline of 10s. in London and North-western, and 5s. in Great Western.

SATURDAY, TWELVE O'CLOCK

In the English Market there is no new feature. Consols are dull at l001 for Money and 1001 4 for Account. In the Foreign House there is little doing, and no change in prices. No recovery has taken place in Railways, which have a heavy appearance. The following bargains have been re- corded—Eastern Counties, 13k; Great Northern A Stock, 55; London and North-western, 110 ; South-eastern, 74k; York and North Midland, 61t; Northern of France, 371.

3 per Cent Consols Ditto for Account Di 3 per Cent Reduced 34 per Cents

Long Annuities

IQ 1

99

1021 5 si 15-16 Danish 3 per Cents Dutch 25 per Cents Ditto 4 per Cents

Mexican 3 r Cents per Peruvian Scrip

84 6 65et

951 a i

26 I 3

Bank Stock 228 9

Portuguese 4 per Cents 39 465

Exchequer Bills

par 4

Russian 5 per Cents

11 21

India Stock 261 3

Ditto 44 per Cents

104 5

Brazilian 5 per Cents 100 2

Spanish 3 per Cents

Behrian 45 per Cents 97 9

Ditto Deferred

4710. 9

23145

Chilian 6 per Cents

102 4

Sardinian 5 per Cents 97 85

Danish 5 per Cents

104 6

Austrian 5 per Cents

1 2

BANK OF ENGLAND.

An Account, pursuant to the Act 7th and 8th Victoria, cap. 32, for the week ending on Saturday, the 7th day of May 1853.

AAAAAAA ES.T.

Notes issued .C31,744,240

Government Debt

£11,015,100

Other Securities 2,984,900

Gold Coln and Bullion

17,725.086

Silver Bullion 19,134

£31,780,215

£31,745,240

MANKIND 1.6 MMMMMM XT.

Proprietors' Capital £14,553.000 Government Securities

(in-

Rest 3,146.809 eluding Dead Weight Annuity) 412,221,382 Public Deposita. 4,265,409 Other Securities 13,608.166 Other Deposita 12,201,614 Notes 8,274,395 Seven Day and other Bills 1,418,032 Gold and Silver Coin 480,981 £33,584,521 L35,581,921

• Including Exchequer, Savings-Banks, Commissioners of National Debt, & Dividend Accra,