MONEY MARKET.
STOCK EXCHANGE, FRIDAY nerseraes.
The only event of importance in the Money Market during the week,
has been the reduction of the dividend on Bank Stock : at a meeting of the Proprietors held yesterday, a dividend of 35 per cent. only was declared for the current half year, instead, of 4 per cent. as heretofore. The adoption of this measure was totally unexpected ; and the price of the Stock, which before the meeting was 2051, declined to 199: which is the lowest price at which business was done—it is not true that a transaction was effected as low as 195 : the market has been steady to day at 199 and 200. The fluctuations of the other toglish Stock have been insignificant ; Con- sols having ranged between 926 mind 93?: for Money, and 93 and 93;if for the Account. Money was in demand in the early part of the week, but has be- come more plentiful.
In the Foreign Market, the business has been almoet entirely confined to Spanish Securities; which are 1 per rein. higher than the quotations of last week. The speculation in them, however, seems to be almost entirely con- fined to our Exchange, as there have not been any extensive purchases on foreign account. The disunion of time Ca lists, coupled with the triumph of the Coalition in France, is considered as highly favourable to the Spanish Liberal cause.
The delay of time Belgian Chambers in voting the prejet do lei for the accept- ance of the Twenty-four Articles, has damped the activity of the market for the Dutch and Belgian Securities; the transactions in which have been few, and at ratlar lower prices than last week. Brasilian Stock is heavy at 80; and the Scrip of the New Loan has been done at 1 prem. ; which is 1 per cent. lower than our last quotation. The other South American Securities are rather in demand; Columbian having been done at 80.
Portuguese Securities are without material variation : the market has been depressed, but has recovered to our last prices : the Bonds of the 011 Luau (1823) are lower; the price, which was 75;,f, being now 74 to 741. The Railway Shares are heavy at last week's prices, with little doing.
S.yrrant■v, TWELVE 0"C:.nrIL
We are without any variation in the English Funds, with the exception of Exchequer Bills, which have been depressed by some extensive sales, and are now 60 to 62 prem. In the Foreign Market, Spanish Securities are heavy, the continued delay in formation of the French Ministry having operated un- favourably upon the market : time opening price was 21, mind the Bonds are now 20,1 4. The Portuguese Bonds are also heavy, but business of all descriptions is very limited. The arrival of the Jamaica packet without the promised Columbian Commissioner has produced tt decline of per cent. in the Bonds, and they ore now 29 to 291 : the other South American Securities arc as yesterday.
SATURDAY, FOUR O'CL(WIL
The afternoon has passed without any business of iinportance having occurred; anti the prices of almost every description of security are the same as in the morning. 3 per Land. Consols 93t Braziliiin 5 per Cents 80 / Ditto for Account 931'1 Danish 3 per Cents 76 t 3 per Cent. Reduced shut Dutch 2} per Cents 551 1
New 31 her Cent. Anus 1001 1 Portuguese Regency 5 per (Its. 344 I Ikulk Stuck for Account 200 2001 Ditto 3 per Colds 211 I-
India Stock shut Russian (1822)5 per Cent.— 1111 121
Ditto Bonds 62. pro. Spanish (1835) 5 per Cent.. ,. 201 1 I,: xelnnii wr Bills • 60 2 pm. Deferred Stock • 9 lleltait 5 per Wits. 1011 2 Passive Ditto 51
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