MONEY MARKET.
STOCK EXCHANGE, FRIDAY AFTERNOON.
The Money Market has been steady since our last report. The settlement of the July Consol Account, which occurred yesterday, was remarkable for the scarcity of Stock by which it was characterized. Several speculative sales have been made recently, in anticipation of the West Indian Compensation Loan; and as the public generally have recently been purchasing Stock, the floating amount was not sutlicient to supply the demands of the speculators. The prim of Consols for immediate delivery was consequently higher by h per cent, than for the August Account. Much of the stock was, however, not delivered till to-day ; when a premium of 1-16th per cent. was given to borrow on the stock till tine August Account. If the Government should adopt the alternative of issuing Exchequer Bills to the amount of the West Indian Compensation, in- stead of the creation of a corresponding quantity of stock, there can be little doubt, that, from the state of the market, a considerable rise will occur in the price of stock ; and if stock should be created, no very great depression need be feared, as we should think that the speculative sales recently made have been nearly to the extent of the amount contemplated to be raised. Exchequer Bills remain neatly at our last quotations ; and with the exception of the settlement of the Account, the transactions of the week have not been important. In the Foreign Market, Spanish Stock has fluctuated between 47 and 50. The purchases for money still continue ; and would no doubt have carried the price above its present quotations, but that the holders of stock seem anxious to take advantage of every opportunity to realize; and as soon as the market ac- quires tone, it is broken down by the quantities of stock which are thrown upon it. The Portuguese Stocks have maintained their prices; as have the European Continental Securities.
The South American Funds are neglected ; as are the Mining Shares, which, with a few exceptions, seem to be verging fast towards oblivion. SATIIRDAY. TWELVE o'Cromt.
So little has been doing this morning, that up to the present moment not a
single bargain has been effected for the Account in Consols. Some trifling- for
money transactions as all that has occurred. The: Foreign Funds are in a similar state of inactivity; and the majmity of the following prices must be considered nominal.
3 per Cent. Consuls ex. div... 901 1 Ditto for Account ex.
New 3f per Ct. Ann. ex. div 961 9 Bank Stock
India Stock
Exchequer Bills 28 31 Belgian 5 per Cents. 99 100 Brazilian 5 per Cents 855 6 Danish 3 per Cents 761
Dutch 2f per Cents... 54i I French 3 per Cents
Greek °trillium, 5 per Cents. — Mexican 6 per Cents 36f 37 Portuguese 3 per Cents 6of 61 Do. ID ney Stock 5 pr. Cent. 901 91 Russian (1822) 5 per Cent.. 1051 9 Spanish (1821)5 per Cent.. 495 Ditto Scrip 101 Midis
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