MONEY MARKET.
ties ; one broker alone Stork. The invest extended to the Fore Dutch Stock, and sli yesterday may be att a part of the Termi the year 1823, technically known by the name of the Dead-weight. It is very generally rumoured that the Directors have determined to sell about one-third of the amount they now hold ; and, according to the estimated value of the annuity, which will expire in April 18117, and is valued at 181. 15s. for every IL Annuity, would produce 3,750,0001. It is understood that the Directors have been led to the adoption of this measure, by the necessity under which they still feel themselves of contracting the amount of Bank-notes in circulation ; thinking that it will produce less inconvenience to our monetary system than a further augmentation of the rate or limitation of the amount of discounts. Bank Stock, which bad risen nearly 2 per cent. with the improvement in the Consol Market, has again receded to the same extent, and is to-day as low as before the rise. India Stock, which was on Wednesday 2561, was done yesterday at 261, and maintains that quotation to-day. In the Foreign Market, the various descriptions of Stock have risen ma- terially, from the circumstances already detailed, and have participated likewise in the recent depression of Consols. The reaction in Dutch Stock, however, has been in some degree produced by the information that the Dutch Govern- ment have contracted with Messrs. ROTHSCHILDS to undertake the issue of
STOCK EXCHANGE, FRIDAY AFTERNOON.
The improvement which we have recently had occasion to notice in the prices of English Stock, continued during the early part of the week; and on Wednesday Consols rose from 89,1 to 01,I, being the remarkable increase of 13 per cent. in the price in one day. The improvement continued during yesterday, and the price touched 91,5, ; but a sudden reaction occurred, and in the course of the day the price declined to 90,1. The upward impulse was given to the market by the purchase of a very large amount of Stock for Money, which was understood to have been effected on behalf of the Dissen- tients, who, upon the reduction by the East India Company of the interest of their remittable loan from 6 to 5 per cent., refused to acquiesce in the reduced rate of interest, and were consequently paid off at par, to the extent of 2,050,000/. A large portion of this money, which was received at the Bank on Wednesday, was immediately invested in various descriptions of Securi• Jag purchased to the extent of 500,0001. in English not, however, confined to our own Funds, but ties ; and were considerable in both varieties of other European Stocks. The sudden depression of to a belief that the Bank of England are about to sell Annuity which they received from the Government in the remaining portion of the loan of last year, which has not yet been circu- lated. The Stock will bear interest at the rate of 4 per cent. per annum ; and the nominal capital of Bonds will be in sterling. The Dividends will also be payable in London at a fixed rate of exchange. The Spanish and Portuguese Stocks have risen materially ; and the latter a as at one time 34 per cent. above the price of last week. The improvement iu Sdanielt Stock has not exceeded 2a per cent.; and both have receded from I t. 2 per cent. from the extreme quotations. We have been without any in- rellig .. nee of importance from the Peninsula. A report has, however, been ear eat. that some negotiations are on foot between the capitalists of Paris 1:11 M. MENDIZABAL, with a view to provide funds for the payment of the ,,veudue Dividends. The Detached Coupons, which have been at 52, are, how• ever, only 46 to 48.
SATURDAY, TWELVE O'CLOCK.
A disposition to sell stock having been evinced by the public, Consols are this morning 89,4 ;, both fur Account and Money. Exchequer Bills have, however, improved in price, and are 26 to 23 premium. It is believed that the Bank Directors having adopted the alternative of selling the Dead-weight, will not sell any more Exchequer Bills; hence the improvement of this lemming. in the Foreign Market, both Spanish and Portuguese Stocks are lower ; Sp tnieh is 25% 4, Portuguese Five per Cents. 48 9%, and the Three per Cent.. 301 31%. South American Stocks are also lower. The transactions in the Railway Shares have been quite unimportant. SATURDAY, FOUR o'CLOCK. Very little business has been doing here this afternoon. Consols close at SC fir Account. Spanish Stock is heavy, and is quoted 254 A. Portuguese stock has not varied much during the afternoon ; the Five per Cents, close at 4S to 49%, and the Three per Cents, are 301 31%. South American are also nominally at previous prices—Mexican 25 26, Columbian 25%. The Railway Shares continued unmoved.
3 per Cent. Consuls 893 .; Danish 3 per Cents. 76 7
Ditto for Account 89; if Dutch 21per Cents 54 3 per Cent. Reduced 901 Mexican 6 per Cents 25 26 New 39 per Ceut Anus ex.div 989 Portuguese Regency 5 p. Cts 483 99 India stuck 2601 Ditto 3 per Cent. 301 11 Bank Stock 209 10 Ditto 5 per Cents 18.36 Scrip . 52 Exchequer Bills 26 28 Prussian (1918)5 per Coot .. - Belgian 5 per Cents 102 Ituesian (1822)5 per Cent... 109 10 Brazilian 5 per Cents 86 87 Spanish (1835) 5 per Cent... 259
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