MONEY MARKET.
STOCK EXCHANGE, FRIDAY AFTERNOON.
The English Stock Market has been in a quite state, and we cannot notice any transactions of importance : it presents, however, a much firmer appearance than it did at the close of last week ; the amount of stock, which we then noticed as pressing on the market, having been absorbed by the investments for money, as evinced by the approximation of the prices of Consols for Money and for Account. On the settling-day, (this day week,) the price for money was from * to 4 below the quotation for Account, but there is today scarcely any appreciable difference, and Consols can be sold on as good terms for money as for 25th August. The demand for what are technically termed the Heavy Stocks—viz. the Three-and-a-half per Cents—has been greater than for Consols and Reduced Three per Cents ; for, while the prices of the latter have been nearly stationary, the former have improved from 4 to 4 per cent ; Reduced Three-and-a-half per Cents, which were at 1004, having been today quoted at 10021; while New Three-and-a-half per Cents have risen from 994 to 100. In brief, the public have been purchasing stock for money, while the speculators have been selling for time; which must account for the want of improvement in the Three-and-a-half per Cent Stocks, the only ones in which speculative bargains occur to any extent. There was a disposition to sell Consols for Account in the course of this afternoon; and the price gave way slightly, under one or two operations of that nature ; but rallied again, closing at 904, buyers, both for Money and Account. The operation of the new Tariff has given a decided impulse to produce of all kinds : in addition to the demand for coffee, there has been a considerable one for indigo, both for consumption and exportation. This latter circumstance is very encouraging.
The temporary pressure in the Exchequer Bill market has ceased, and these securities have nearly recovered the ground they lost by the operations of last Saturday; those which bear an interest of 24d. per day being quoted at 48s., and those at 2d. per day at 46s. The prices of Bank and India Stock remain unchanged.
In the Foreign Market, the transactions have been on the usual limited scale. A considerable depression has occurred in the prices of Brazilian and Portuguese Bonds of the loan of 1824, technically known as Old Portuguese, (these latter always participating in the fluctuation of Brazilian Bonds) with- out any assignable cause : the business transacted in either has been quite un- important; neither has any political intelligence transpired, to which the de- cline can be traced. Brazilian has been done at 624; thus marking a fall of 2 per cent from the prices of last week ; while Portuguese have been done at 544, and are nominally quoted at 52 to 55; being a decline of from 2 to 4 per cent upon the last price. We cannot, however, learn that any transactions have occurred in these latter at the lowest quotations. The other Portuguese Bonds are without material variation. Spanish Active and Three per Cent Stock have been in a quiet state • the fluctuations and business transacted having been alike unimportant. 'The Active Stock is more in demand than the Three per Cents; of which there appears to be a continued sale of small amounts, thus keeping the price down. Mexican Stock has been at 37, but has again receded, and is today 364. Columbian is without material variation; as are the other South Amencan.
The impulse given to Railway Shares has been generally maintained ; with the exception of Brighton, which have experienced a decline, and were at one period today about 33; but have recovered again, and are about 10s. per Share higher.
SATURDAY, TWELVE O'CLOCK.
The English Funds are firmer this morning, and prices are 4 per cent higher than yesterday ; Consols for Money and Account being 904 1. The others are at a proportional advance : Exchequer Bills are the same. In the Foreign Market prices are firmer, in consequence of the improvement in the English Funds, but the business transacted has been unimportant. The following transactions have occurred in Railway Shares : Birmingham and Gloucester, 49; Eastern Counties, 9; Edinburgh and Glasgow, 46; Brighton, 334; Paris and Rouen, 164; South-eastern, (New,) 24. SATURDAY, Foci o'Ciacx.
The English Market remained in a tranquil state up to the close of business, and prices leave off firm : Consols for Money, 901 4; ditto, for the Account, 904 1; Three per Cent Reduced, 914 4; Three-and-a-half per Cent ditto, 1004 4 ; New Three-and-a-half per Cent, 994 100; Bank Stock, 166; Ex- chequer Bills, 47 to 49; India Stock, 248 to 9. In the Foreign Market nothing of importance transpired, and prices are quite stationary : Spanish Fire per Cents, 214 4; ditto Three per Cents, 204 1; Portuguese Five per Cents, 334 4; ditto Three per Cents, 194 20; Dutch Five per Cents, 101 to 4; ditto Two-and-a-half per Cents, 51 to 4; Danish, 82 to 3; Belgian, 1014 24; Colombian, 204 14; Mexican, 364,4. In Shares Birmingham and Gloucester have been done at 49; Eastern Counties, 9; Edinburgh and Glasgow, 46; New ditto, 34 4; Great Western, half-shares, 62; Brighton, 334 3; ditto Loan- notes, 10 to 4; North Midland, thirds, 194; Paris and Rouen, 164; South- eastern and Dover Scrip, 74 4 ; British North American Bank, 33 to 4. 3
per Cent. Consols 90} 1 Columbian 6 per Cents .... 21} Ditto for Account .. 901 1 Danish 3 per Cents ...... .. 82 3' 3 per Cent Reduced 915 4 Dutch 24 per Cents 51 }
3t Per Cent Ditto 1005 1 Mexican 5 per Cents Consd . 36} I
New 31 per Cents 994 100 Portuguese Regency 5 perCts. 335 } Bank stock 166 Ditto New 5 per Cents 1841. 27} 85
Exchequer Bills. Els— prem 47 9 Ditto 3 per Cents 195 20 Ditto 24 do. 99 6 Russian 5 per Cents —
India Stock 248 9 Spanish (Active) 5 per Cents 215 4 Brazilian 5 per Cents Ditto 3 per Cents 1842 201 1 Belgian 5 per Cents 1014 24
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