MONEY MARKET.
STOCK EXCHANGE, FRIDAY AFTERNOON.
The purchases made last-week by the Chancery Broker are understood to have been for the purpose of investing the deposits which, under the existing law, those who apply to Parliament for bills to Authorize the construction of railways or other public works are compelled to make, in order that to a certain extent the validity of the proposed company may be tested. These deposits are required to be to the extent 'if .5 per cent upon the nominal capital of each undertaking; and one of the first requisites to enable the promoters of any new scheme to apply successfully to Parliament, is the payment of one-twentieth of the proposed capital into the Bank of England, to the credit of the Accountant-General of the Court of Chancery. From the number of new schemes now in progress, the amount of these deposits is already between one and two millions; and when once the invest- ment of any portion of this sum began, it was expected that the whole of it would have been laid out almost immediately. This anticipation was not, however, realized; for the Chancery Broker sold stock extensively at the beginning of the week; and hence prices declined from to 4 per cent. Although some upward fiuctuationsfterwards occurred, the market has given way again; and the closing quotations this afternoon are fully er cent lower than those of Saturday. The purchases of Exchequer Bills made 'last week by the Chancery Broker have not been continued. These securities were as high as 70 premium on Monday; but, in the absence of the expected support above referred to, the quotation has de- clined, and is today 58 premium- The settlement of the February account in Consols occurred yesterday. Speculation in the English Funds has of late been so unimportant, that the periodical recurrence of these days -of reckoning has ceased to be remarkable; and that of yesterday might have passed unnoticed, but that there was a more than ordinary demand for money; the speculators having paid from * to per centpremium to carry over their stock to the April Account
• The books of the following Stooks, the Dividends upon which become due in April next, will close and reopen on the days stated below.
SHUT. Orr.w.
Bank Stock 4th March 15th April. Reduced Three per Cents 4th March 18th April.
Three-and-a-quarter per cents 4th March 18th April. Long Annuities 4th March 18th April.
Annuities 1859 4th March 18th April. India Stock 6th March 10th April. Old South Sea Annuities 5th March 16th April.
The business of the Foreign Stock Market has been unimportant. The chief 'fluctuation has occurred in Mexican, Portuguese Converted. Bonds, and both varieties of Spanish Stock: the two former are higher, and the latter lower than our last quotations. The transactions in any of them have not been such as to require remark. Some bargains have occurred in the New Belgian The-and-a- half Cent Loan; the last instalment upon which becomes due tomorrow, the 1st March: the Scrip will then assume the shape of Stock; and in that form it has been current at 604 per cent, which is equal to a premium of I per cent upomthe Scrip. The business in Railway Shares is still as absorbing, though not quite so ex- tensive as usual. The new schemes are generally in disfavour; and the best of them have only maintained our last quotations. Some of the more important lines have improved. Manchester and Birmingham, which were last week at 61, are today 66. Brighton have advanced to 61. Birmingham, Great Western, and South-western, are without material variation; while Birmingham and Glou- cester are recovering again. The newer French lines are not much in demand— we mean those not yet constituted. All those for which the companies have ob- tained leases from the French Government, or which in the language of the market are constituted, am advancing; as are most of those now finished and in operation. Thus, Vierzon have risen to 144 premium—an improvement of between Si. and 41. since our last report. Pans and Orleans, Pans and Rouen, and the rest, are in request. There has been a considerable demand for all of them today, in con- sequence of the improvement that occurred in Paris on Wednesday; where the stringent measures to prevent speculation in the new lines appear to have di- verted speculation into those already existing. While on the subject of Shares, we may notice a great improvement in the price of Stock Exchange Shares; which have recently risen from 1501. to 2001., in uence of the large accession of new members to this establishment, occa- by the universal passion for share-speculation.
SATURDAY, TIVIK.111 O'CLOCK.
The English Rinds are unchanged: the transactions in Foreign Bonds are also unimportant. The recommendations of the Board of Trade have produced but little effect npon the Railway Share-market, the favoured lines not being current on our exchange; the only one mentioned being the Scottish Midland, which is at premium. The following list of bargains actually occurring shows in some instances an improvement upon yesterday's prices: Aberdeen, 243; Birmingham and Gloucester, 34; Bristol and Exeter, 84; Ditto and Gloucester, 589; Chester and Holyhead, 8 4; Chnrnet Valley, 74 644; Direct Northern, 2; Eastern Counties 174 ; Gre,at Southern and Western, Ireland, 12; Great Western, Half-shares, 100; Hull and Selby, 884; Ditto, Half-shares, 16; Lancaster and Carlisle, 324; Brighton, 6144 624; Croydon, 184; Manchester and Leeds, 140; Manchester and Birmingham, 674 64; Ditto, Quarter-shares, 114; Midland New Shares, 84; North -British, 1344; Norwich and Brandon, 164; Richmond and West-end Junction, $4; Shrewsbury and Wolverhampton, 44; South Devon, 164; South-eastern and Dover, 42; Ditto, New Shares, No. 2, 114; Ditto, No. 3,84; Trent Valley, 204; West Cornwall, 344; Scottish Midland, 14; Paris and (*leaks, 4747; Orleans and Bordeaux, 84 4; Boulogne and Amiens, 654; Great Northern of France, 54*. SATURDAY, Two o'cLocg. The English Funds are without material change' - the only bargain of im- portance has been an extensive sale of Three-and-a-quarter per Cents by a leading broker. The money being invested in the purchase of Consols, the Three-and-a- -quarter per Cent Stocks are consequently heavy; and at the close of business there are sellers of them at 1034. The Foreign Funds am also unchanged. Portuguese Converted Stock is, however, in demand. The Railway Shares are generally at improved quotations: Brighton having advanced nearly Si. on the day's business, and closing at 64. The French con- stituted lines are also in great request at considerably improved prices. The -business has been of a very general character, as will be seen by the following —record of bargains occurring since the morning: Birmingham and Gloucester, 1344 5; Chester and Holyhead, 8 4; Edinburgh and Glasgow New Quarter- - shares, 54; Great Southern and Western, Ireland, 114; Ditto Extension, 7; Great Western, 177; Ditto, Fifth-shares, $94; Hull and Selby, Half-shares, 15; Brighton, 6111 64; South-western, 784; Ditto New Consolidated Eighths, 24; _Ditto, New, 124; London and York, 74; Manchester and Birmingham, 68 664; Midland, 127; South-eastern and Dover, 424; South Wales, 444; Scottish Midland, 2; Paris and Orleans, 444; Orleans and Vierzon, 164 17; Boulogne and Amiens, 64; Great Northern of France, 6; Bordeaux and Toulouse, 24 4.- 3 per Cent Consols 994 4 Columbian ex Venezuela ... 134 144 Ditto for Account 991.. Danish 3 per Cents 89 90 3 per Cent Reduced 1004 4 Dutch 24 per Cents 634 34 per Cents 10344 Ditto 5 per Cents Long Annuities 12} Ditto 4 per Cents 98} 94 Bank Stock 211 13 Mexican 5 per Cents 364
Exchequer Bills prem. 59 61 Ditto Deferred 161
India Stock Portuguese New 5 p. Ots. 1841 614 Brarilian 5 per Cents 89 91 Rtunian 5 per Cents • ex_ div. 1174 184 Belgian 44 per Cents 1014 24 Spanish (Active) 5 per Cents 281 ChIlian 6 per Cents 100 2 Ditto 3 per Cents 1842 404 1
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