THE MONEY MARKET.
STOCK EXCHANGE, FaIDAY EVENING.—This has been on the whole a very tran- quil week, considering the near approach of the settling-day, the great fluctuations which have occurred since the opening of the account, and the still doubtful aspect of Foreign politics.
At the close of last Saturday's Market, the price of Consols was steady at 911 to 1; and remained with a slight variation at that rate until Wednesday, when it declined to slir, on the news of a fall in the French Funds. This morning the open- ing price was 911 ; and from that point a gradual improvement took place, and we aia now returned to the closing price of last week, viz. 911 to I. The October ac- count is now open, and the price for that termjs 91i ; showing a continuation, as it
is called, or rate of interest, of 3-16, or about per cent. per annum, for money. This rate proves several facts ; viz. an abundance of money and scarcity of stock, which are certainly favourable indications in themselves ; but it also proves the opinion of the dealers generally to be against the stability of the present high prices, seeing that they are ready to beg or borrow stock, but not to buy it. The Heavy Stocks have not recovered in the same degree as Consols ; the New 38 per Cents being still at 1008 or 1. Exchequer Bills and India Bonds are at nearly last week's prices.
In the Foreign Market, the great object of speculation is still the Spanish Cortes Stock , the price of which has crept gradually up to 232, the highest price of this year, or indeed for several years. The expectation of some change in Spain, seems universal here ; and almost any change must improve the prospects of the recogni- tion of those Bonds. The price of the Cortes Bonds has advanced to 20 in Paris, where it Is quoted without the coupons ; while the rentes perpetuelles, the acknow- ledged debt of Spain, have fallen in a double or treble ratio, viz. to 47, having been not many months ago at 80.
The South American Bonds wore also, for a day or two, an improving aspect, from the expectation that a political change in Spain might involve a recoenition of those states by the mother country ; but this has been counteracted by considerable sales of Bonds from the Continent, &weed, as it should seem, by the state of the money markets here.
Russian and Danish Bonds have been depressed by the same cause ; the former having been done at 1071, although now at about 1031. Upon the whole, however, there was not much business in aught but Spanish.
In the Share Market, there is nothing to remark ; the prices quoted last week are exactly those of the present.
There has been little or no business in Greek Bonds this week, but the price is one per cent. lower, viz. 36i SATunDAy, HALF PAST Twszvz.—Consols opened at Ella, have been done at
91f, and are now 911 There is, however, very little business, and in the Foreign Market none.
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