15 MAY 1841, Page 12

MONEY MARKET.

STOCK RECHARGE. FRIDAY AFTERNOON.

The business of the week has been unimportant ; only two bargains of con- sequence having occurred, the one a sale by the broker of the Equitable Insur- ance Company of 50,0001. Reduced Three per Cents., and the other a purchase by the agent of the Scotch Banks of 50,0001. Consuls. The pending Minis- terial crisis seems to have put an end to the slight disposition for speculation that previously existed : the fluctuation has not exceeded a quarter per cent. Money has become very scarce; and on several occasions during the week 5 per cent. has been given for the loan of money upon the deposit of English Stock for a few days; and today 6 per cent. has been given for loans upon the security of Exchequer Bills. Notwithstanding this, the premium upon the last-mentioned securities has not given way, and is quoted at 38. to 5s. Bank Stock has declined, and is today at 167 168, being from 1 to 2 per cent. below our last prices. India Stock is much the same, viz. 2501 to 254. The declaration of Mr. IRVING the other night, in reply to Sir GEORGE GREY, of his willingness to make over to Sir GEORGE all the interest he pos- sessed in the Brazilian Company, of which he is one of the Directors, has caused as much dismay among the shareholders of that Company as the recent proposition of Lord Sons: RUSSELL is stated to have done in the House of Commons : they complain loudly of their interests being sacrificed for the purposes of a political party. There was but little disposition existing to pur- chase the shares before the debate, and there is now still less. A meeting of the shareholders of the Company was held yesterday, to take into considera- tion a proposition mooted by some of them who are members of the Society of Friends, having for its object the substitution of free labourers in the place of the slaves by whom the mines are now worked : about two hundred shareholders attended ; and the proposition may be said to have been almost unanimously negatived, only seven hands being held up in its favour.

Our last advices from New York, two days later than the former, do not note any improvement in the State Debts or Bank Shares: these securi- ties are consequently heavy at former prices here, but we cannot quote any prices at which business has been actually done.

The Foreign Funds have been as much neglected as the English, and the transactions in the Dividend-paying European Stocks have been unimportant. There have been some in Spanish Active ; to which the election of ESPAR, TERO as sole Repent has given increased currency. That event, which had been for some time anticipated, became known yesterday morning, and the quotations reached 24* : but this price was not long maintained, a great many of the speculators evincing a disposition to realize. The price has conse- quently given way ; and after being at 24, closes this afternoon at 24 te*.

The South American, Mexican, and other Non-dividend Stocks, are all heavy, in consequence of the scarcity of money, which has been severely felt today at the settlement of the Account ; a rate of interest varying from 6 to

12 bier cent. having been paid for loans upon the security of the inferior de- scriptions of foreign stocks ; while upon that of Brighton Shares, in which there is at present a very large speculation, an interest of nearly 20 per cent. has been given. These shares, which have recently been at dia. are today at 4 dis.

The transactions in Portuguese Bonds have been quite unimportant : some purchases of the converted Stock, however, have occurred ; and the conversion is going slowly on, most of the foreign holders having sent their Stock here to be converted

Among other pieces of intelligence brought by the last Lisbon mail, was a report that the Baron DE LAGOS was to proceed to England as agent to the Government at Lisbon, to procure the conversion of the existing Portuguese Bonds into the New Stock; and that a commission of per cent. was to be allowed to the Baron upon all the Stock converted through his instrumenta- lity. The Lisbon correspondents of the newspapers with whom this report originated, represented the appointment as due to the influence of the Mar- quis of PALMELLA, the intimate friend of Baron Lacos, and were very eloquent in their denunciations of the iniquity and profligacy of the proceed- ings. The Committee of the Portuguese Bondholders, and their active Chair- man, also eagerly took up the cry, and issued a very mysterious advertisement upon the occasion. All this virtuous indignation, however, has been entirely thrown away ; for it appears from a letter from the Baron DE LAGOS himself, addressed to the editor of the Morning Chronicle of this day, that he has not received any such appointment.

SATURDAY, TWELVE O'CLOCK.

There is but little doing this morning, and the Government Funds are gene- rally heavy, at the closing prices of yesterday, in consequence of the pressure for money ; from the same reason the premium upon Exchequer Bills has fallen to Is., and is now at Is. to 3s. By the arrival of the Great Western at Bristol, yesterday, we have intelligence from New York to the 1st instant. The State Stocks had all improved, and the money-market seems to be in a much more healthy state. Bank Shares are still depressed, viz. 17 dollars; and United States Bank Notes 17 discount. In the Foreign Market, the European Con- tinental Stocks are looking down, in the absence of any transactions. A bargain has, however, occurred in French Five per Cent. Rentes, at 114i ; Exchange 25 50. Spanish Active is lower, viz. 231, 24; the others without material alteration.

SATURDAY, FOUR O'CLOCK.

The Consul-market doses more firmly ; a transaction for money having oc- curred at 891. The price is now 894 i for Money, and 89* 90 for Account. We have no quotation of Bank or India Stock ,today. The premium upon Exchequer Bills is the same as in the morning. There has been but little doing in the Foreign Stocks, which are generally rather firmer; Spanish Active closing at 24 to A. Brighton Shares, which have been as low as 4i, but have since improved, close at 4* to 4i.

3 per Cent. Consols

Ditto for Account

3 per Cent. Reduced 89t t 891 4 884 4

Columbian 6 per Cents

Danish 3 per Cents Dutch 24 per Cents 224 t

774 8

521 4 34 per Cent. Ditto 971 a Mexican 5 per Cents. Coned. 284 t New 34 per Cents 984 4

Portuguese Regency 5 per Cts.

341 4 Bank Stuck

Ditto New 5 per Ceuta. 1841.. 294 4 Exchequer Bills I 3 pm. Ditto 3 per Cents 201 * India Stock

Russian 5 per Cents..... ... 112 13 Brazilian 5 per Cents 674 84 Spanish (Active) 234 4 Belgian 5 per Cents 1004 t