MONEY MARK ET.
STOCK EXCH•NOI, FRIDAY A [TER lOOrr.
The pressure for money in the commercial world still continues, although the exchanges have not experienced any further decline, and the rate of dis- count at the Bank still remains the same. Money has also been in great demand at the Stock Exchange, but is to day much easier. The recent vanity was occasioned by a sale of stock to the extent of 300,0001., effected on Tuesday by one of the Insurance offices, the proceeds of which are under- stood to have been lent on mortgage. The stock thus thrown on the market occasioned a depression in the mice, that was, however, but temporary, and a reaction speedily occurred to beyond the price from which the decline com- menced. The improvement which has taken place to-day in the state of zommercial credit has also exteuded to the Funds, and a rise of per cent in elm price of Consols has been the result. Among other investments which have conduced to the increase of price, has been one of 100,0001. for the Bauktuptcy Court. The last mimes from America bring much-improved auotations of the rate of exchange, and also intelligence that the pecuniary difficulty under which the commercial part of the Union have so long suffered was considerably lessened. We are nut, however, informed of the shipments of bullion to this country, which it was hoped would be the result of any im- provement in the monetary condifo i of America. In the Foreign Market, there is a disposition to speculate in Spanish Stock, its anticipation of a successful result of the combined movement against the (Wks, which is daily expeckd. The market is, however, subject to conti- nent depressions, (ruin the quantity of stock poured into it on every rise by the meats of butch and Belgian houses, who buy the stuck at cheap rates in the Exchanges of Amsterdam and Antwerp. an:I who have been enabled to realize
a peen varying tom 1 to per cent, by selling it here. Considerable ditfi-
culty was experienced by the minor class of speculators in carrying over the accounts on the last settling day (the 15th); and a rate of interest as high as 12 per cent. per annum, was currently given for that purpose. If success should attend the arms of the Christine* there can be little doubt that a con- siderable further improvement in the value of the stock will take place.
Portuguese Bonds have for the most part followed in the wake of Spanish Stocks ; although the fluctuations have not been so extensive. The other Foreign Stocks have not been much affected, and the business done in them has been unimportant.
The South American Stocks have also been almost entirely neglected ; the momentary attention which they excited in consequence of the recent communi- cation from the Government of Guatemala having died away. Nothing official has as yet transpired as to the mode in which the liquidation of the debt of the Republic is to be effected ; but we understand that the Government have signified their willingness to propose to Congress the adoption of a plan fur.. melted them by the London Committee of the Bondholders, by which it is proposed to convert the present Six per Cent. Stock into a debt bearing 5 per cent, interest, and also to fund the whole of the arrears of dividend in a FWO per Cent. Stock; the interest on both which descriptions is to commence from 1st January 1838. The price of the Stock (Guatemala) has been as high as 50; it has since declined to 48, 43, and 45, and may now be quoted at the latter price.
Nothing of importance has occurred in the Railway Shares; they are mostly heavy, with the exception of the Greenwich, to which the increasing traffic on the line has given a higher value.
SATURDAY, TWELVE O'CLOCK.
The Consul Market is not so lively as it was yesterday. The price for Money has been 903, and for Account the quotation has reached 901. The price is now soi for Money, and 90* for Account. In the Foreign Alarket, the busi- ness transacted has been, however, quite unimportant. Spanish Stock is flatter, in consequence of the delay which attends the anticipated movement of the Christino forces. The Active Stock opened at 271 8, and is now 27i 1. Portuguese Stocks are firm ; the Five per Cents, at 49* and the Three per Cents. 32. South American Stocks are quite neglected : the Mexican and Columbian are both 24 26. We cannot quote any transactions in the Guate- mala Bonds.
SATURDAY, FOUR O'CT.00Ir.
The Consol Market has experienced a decline of .3 per cent. The gobemouches ascribe it to " an angry note " to or from the Russian Government on the sub- ject of the Vixen. Without travelling to St. Petersburg for a cause, we find a sufficient one at home, in an extensive sale which was made this morning, at 901, by an eminent speculator. The Foreign Market is without any material alteration. Spanish Active Stock closes a shade higher, viz. 773 4. Theta is not any important variation in the other varieties. The Railway Shares are heavy, at the previous quotations. 3 per Cent. Consols 901 t Danish 3 per Cents. 754 Gi
Ditto for Account 901 • Dutch 21 per Cents' 541 1
3 per Cent. Reduced 91 i Mexican 6 per Cent 251 6 New 3* per Ceut Anns ex.div 98 Portuguese Regency 5 p. Cts 49*
Bank Stock i08 Ditto 3 per Cent. 311 21 India Stock -- Ditto 5 per Cents 1936 Scrip . 521
Exchequer Bills 27 29pr Prussian (1818) 5 per Cect .. -- Belgian 5 per Cents 102* Russian (1822)5 per Cent... 1091 101 Brazilian 5 per Cents 85 6 Spanish (1835) 5 per Cent...'XS t
Previous page
