16 FEBRUARY 1839, Page 9

MONEY MARKET.

STOCK E7VtrANOE, F',-,'r r von% The improvement of the Money Market has continued during thi, week ; and the current quotation of most descriptions of English Stock is :It per cent. higher than those idlest Saturday. This rise is attributed to the favourable intelligence from :Belgium, where pacific counsels seem to prevail ; and the pre- vious tendency to improvement was considerably augmented hy the intelligence received froth Bombay on Wednesday, last. India 'Stock has ris...a 1 per cent. viz. from 25:1!: to 2511, and Bank Stock may be quoted at a similar advance. The recent decline was partly attributable to a belief that the Government would be compelled to raise money either by way of loan or a larger is cue of Exchequer Bills ; a rommunieation, it is aderstood, having iweli made to the Chancellor oftha E,teliequer on the part of the Bank Directors, that if the drain for gold continued, the Bank would be compelled to seek for payment of part of the debt doe to it from the Government, as a means of contracting its liabilities : in such a cave it was naturally anticipated that a loan would be resorted to. The demand for gold has, however, ceased; and it is now asserted, that, with the returning confidence to which this circumstance has given rice, the Directors have given notice to the Government, of their readiness to advance whatever sums may be requ:r, d for the pub- lic service, and of the improbability of any necessity arising for a contraction of the issue of bank-notes. The recent Melees from Ilaintonsf. Holland, and Paris, all agree as to a cessation of the demand for gold ; and it is not improba- ble that much that has been lately exported to those places will be returned. The speculative operations for n gull have caused a scarcity of Stock ; Consols being at the septic price for Money 115 for Account 27th inst.; and it seems probable, that unless sonic large supply should be brat ht to market, the price will be still further augmented bethre the settlement of the Account. The favourable state of the Melon negotiations has caused an improvement in both Dutch and Belgian Stock. The Dutch have risen aiteut per cent.; but Belgian, which were previously mach depressed, are from 1!, to 2 per cent. higher. The impression produced upon the Dutch Funds W“ahl, no doubt, have been greater, but that the Finance Minister at the Hague has given notice of his intention to avail himself of a credit already granted, and to issue Five per Cent. Stock to tile amount of nearly 1,000,0001.

Brazilian Securities have risen 1 per cent.: this improvement is v

attributable to the exertions of the agents for the Government here; who being authorized to dispose of a considerable amount of Nev Stock at 78, are anxious to give it currency by increasing the market value of the old. This new Loan is for 400,000/. ; and the price at which it is offired, as above stated, is, with Dividend from 1st October last.

Spanish and Portuguese Stocks have been subject to much fluctuation ; and although the latter is lower than it has been, it is still above the prices of last week. Portuguese Bonds gave way more than 1 per cent. on Monday, in consequence of the arrival of the financial statement of the Minister of Finance at Lisbon; and though they have recovered from 1 to 4 since, the price to-day is hot little above the lowest quotation.

The Railway Share market has been steady with little doing ; but its aspect is upwards.

A new Company, under the name of the Ionian Banking Company, has been formed: its diject is to art as a loaf and deposit Bank in the Ionian Islands. Its capital is 100,0001. and the shares have been done to-day at 1 prem. SATVEMV, TWELVE o'CLoca. The Consul Market is firm, with every appearance of a continuation of the rise : Consols have been done limb for Money and the Ac..,1;:, at 9:1. Dank is higher, being quoted at 211 1. 10 the Foreign Market, time I':•-ins.'s has been almost entirely confined to Spanish Active ; which opened at Ili:. declined to 191, nod is now 19i 4. The Dutch Two-and-a-Half are also higher, and mark 55. Brazilian is in demand at 80. The various descriptions of current Stock are generally firm at yesterday's prices.

Sszonnsv. Fern °Tams.

Consols close sellers 94. Exchequer Bills are quoted is. higher. having been done at 66s. In the Foreign, Spanish has improved 4 per cent., and closes at 194 4. The other Stocks are at the morning's prices; and the busi- ness of the afternoon has been quite unimportant.

S -ter Cent. Consols ..ex di,. 92; 3

Ditto for Account 924 3

3 per t': tit. Reduced 93. i

New 31- per (,'set. Anus 109 1.

Bank Stock 2t.5 t India Stcelt --- Ditto Bonds

Exelwquer hills 6:165;0n.

13elgian 5 per Cents 99t Brazilian 5 per Cent° 89 4 Danish 3 per Ceuta

76 4

Duteh 24, per Coms 511 5

Portuguese Regency 5 per Cis.

351 tit Dino 3 per Cent. l'nt.

Russian (181..n 5 per Cent.. , •

I Is -1- Spanish OS '5) 5 per Cent- • • 11h I Deferred Stock 81 1 Passive Damn

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