MONEY MARKET.
STOCK EXCHANGE. FRIDAY AFTERNOON.
The English Funds have been heavy during the week; the price of Cousols for Account having declined to 913. This flatness may be attributed to reports which obtained credit that the Chancellor of the Exchequer would in his financial statement of this evening declare that a considerable deficiency existed in the revenue of the country for the current year. The statement in the Times of this morning, which is supposed to be semi-official, and which declares that there will be considerable surplus of revenue instead of the anticipated deficiency, has changed the aspect of the market: the price of Consols has been as high as 918, being an advance of 4 per cent from the lowest quotation; but the closing price is rather lower-918 4. Money is rather more in demand, but there is no change in the rate of discount. The demand in the Stock Exchange may be accounted for by the suspension of money business in the Three per Cent Consols, the books of which are shat. The demand thus occasioned for Consols frequently operates to counteract the depressing effects produced by a quantity of Reduced or Three- and-a-quarter per Cents being thrown upon the market: at present investmenTs in Consols cannot produce any such effect, and sales of other descriptions of Stock are consequently of more importance than ordinarily. In the Foreign Market, the business has not been important. Russian, Dutch, and the Northern European Stocks, are all firmer since the reestablishment of order in France and consequent revival of a Continental demand for this class of securities. Spanish and Portuguese Bonds may be considered as rather more in demand. With respect to the former, an advertisement has appeared from Messrs. I. and S. Ricardo, the agents of the Spanish Government, stating their readiness
receive the last twelfth portion of the Deferred Spanish Debt, for conversion to Active Stock. The Bonds of the Active Debt will be ready for delivery on e 15th August. The whole of the Spanish Deferrred Stock has now become nnverted into Active Bonds. Mexican Bonds have advanced, and were at one Imo nearly 1 per cent above our last prices: the quotations have since receded, old are not so firm today, in consequence of the smallness of the remittance (8,161 collars) on account of the dividends, received by the Severn mail-packet, which arrived at Southampton yesterday. The South American Securities are generally without material change or business of importance: a disposition for speculative investment is occasionally apparent in them, and the tendency of prices is up- wards.
The principal Railway Shares have been steady at our last prices: the business transacted has not been important. The French Shares are generally about 101 • per share higher than last week. The quotations for most of the varieties current here had advanced about IL; but they have failed back about half the extent of this advance, the market here being entirely governed by the fluctuations is Paris.
SATURDAY* TWELVE O'CLOCE.
The French Funds were steady in Paris yesterday. The observations made by Lord Palmerston upon the subject of the French expedition to Rome have checked the tendency to rise previously apparent in our Funds; Consols opened for Ac- count at 911. have been at 918, and are now 918 4. There is no material change in the prices of the Foreign Funds. The Chairman and Deputy Chairman of the Stock Exchange had an interview yesterday with the Peruvian Ambassador upon the subject of the forged bonds of the loan sent in for conversion and re- pudiated by the Government. The object of the interview was to urge upon the Ambassador the propriety of the Peruvian Government acknowledging the forged bonds. The Ambassador could not of course conclude anything definitive, but admitted the reasonableness of the proposition, and promise to urge its adoption. The Railway Share Market is without material change. The following are the only bargains as yet recorded: Great Northern, 10a; Ditto, Extension, 81j; North-western, 129,} 9; Ditto, New Quarter shares, 108; South-western, 358; Midland, 688; Royston and Hitchin, 44; South Staffordshire, 24; York and Newcastle Extension, 14%.
3 per Cent Consols
Ditto for Account 3 per Cent Reduced 31 per Cents Long Annuities shut Danish 3 per Cents 911 1 Dutch 21 per Cents 911 f Ditto 4 per Cents 92 1 SIexican 5 per Cents 1846 81 11.16 Yew Gralutda 65 8 501 11 76 8 281 4 151 161 Bank Stock Portuguese N.4 perCents 1842 27 8 Exchequer Bills 42 45 pm. Portuguese Old 1824 75 8 India Stock shut Russian 5 per Cents -ex. div.
101 a
Brazilian 5 per Cents 79 81 Spanish (Active) 5 per Ceuta
161 ei
Belgian 41 per Cents 79 8) Ditto 3 per Cents 1842 334 44' Buenos Ayres 40 2 Venezuela 15 16 Chillan 6 per Cents 91 3
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