24 MARCH 1849, Page 11

MONEY MARKET.

STOCK EXCHANGE, FRIDAY APTERNOON.

The fluctuations of the market have been considerable, and very extensive transactions have occurred both in English and Foreign Stocks. The result of the week's business has been to establish an advance of about k per cent in the closing quotations of Consols ; the extreme fluctuation has been about 1* per cent. Money continues very. abundant; the rate of discount varying from 2 to 2k per cent. The decline in prices was connected with reports of the aggressive de- signs of the Russian Government, and the proceedings of the King of Sardinia and the Austrian General in Italy. In the Foreign Market, the transactions have been very large; all the Non-Divi- dend Stocks being in considerable demand. On Wednesday it was intimated at the Stock Exchange, that Messrs. Baring and Co. had received instructions to pay over to the Agent of the Mexican Government in London the stun of 500,000 dollars ; a proportion of the indemnity to Mexico by the United States, appro- priated by the former to the use of its creditors. When this fact transpired, Mexican Stock was at 29; the quotation speedily reached 31k, and in the coarse of yesterday advanced to 33—some very large sales were, however, made between that price and 32*. This morning the price again reached 33; but that quota- tion was not long supported, and after being at 31*, the closing price this after- noon is 31* k. Taking the extremes of fluctuation, the advance in price was at one time 5 per cent, namely, from 28 to 33. It seems strange that, as the amount received, with the funds now in the hands of the Agents, will not be more than sufficient to pay one half-year's dividend or 2k per cent, that buyers should have been readily found for the stock at an advance of 5 per cent. These speculators, however, sanguinely anticipate that a like payment of 500,000 dollars will be made on account of the Bondholders out of every one of the instalments re- ceivable from the United States. The South American Stocks have all risen materially. Peruvian have been done at 63, and Buenos Ayres at 40; New Gre- nada has been as high as 19*, and Equador as 4; all these quotations marking considerable advances on recent prices. The intelligence received on Monday of the death of the King of Holland, caused a decline of more than 2 per cent in Dutch Stock; prices in the local markets being depreciated to more than that ex- tent. The Four per Cents, which on Saturday were 79, fell on Monday to 70. The decline of the Two-and-a-half per Cents was not quite so extensive. Both varieties of the stock have since experienced an advance, but have not yet es- tablished the prices from which the decline commenced. Spanish and Portuguese Bonds are both firmer than they have been; but the superior attraction of the Mexican and South American Stocks diverts the attention of the speculators so entirely that the transactions in the Peninsular Bonds have been unimportant.

The Railway Shares, after undergoing a downward fluctuation, are today nearly at the prices given in our last report. Eastern Counties, however, have fallen about 108. per share; being today quoted below 10. The fluctuation in the French Shares has been consequent upon that of the English Funds: the more current varieties have all been from 15s. to about IL lower, but today they are nearly the same as in our last report.

The accounts of the Bank of England for the week ending the 17th March exhibit, when compued with those of the preceding week, the following results-

BANEINo DEPARTMENT. Increase. Decrease. Rest • 42,690 — Pcolie Deposits 317,117 — Other Deis.aits £141,839

Seven-day and other Bills 49,854

Government Securities, including Dead-weight — 1.339 Other Securities 60,689

Notes unissued 212,150 -

Actual Circulation 203,476 ISS17/3 DEPARTMENT.

Notes Issued 3,675 - Bullion 13,433 This week. Last week.

Total Bullion in both Departments 15,283,779 15,297,212

Actual Circulation 17,698,845 17,902,320

. L11,016,1to

2,984.900

14,228,261 323,562 970 £22,531,920 828,611.

BANKiNG DEPARTMENT.

Proprietors' Capital 814,533,000 Government Securities, (in- Rest /1,661,099 eluding Dead WeightAnnulty 414.072.844 Public Deposits' 6,981,258 Other Securities 10,638064 Other Deposits 9,653,826 Notes 10,853,075 Seven Day and other 8111* .... 1,0411,659 Gold and Silver Coln 191,959

£36,195,811 £36,295,642

• Including Exchequer, Savings Banks, Commissioners of NatlonalDebt &Di vldend Accts.

SATURDAY, TWELVE O'CLOCK.

There is no material change in either the English or Foreign Funds. Consols opened at 91* * for Money and 91* i for Account; have since been done at 91* for Money and Account; and are now 91* for Money and 91* * for Account. At present the only transactions in the Foreign Market have been in the Mexican and South American Bouds, which are still the great objects of attraction. The prices are nearly the same as those of yesterday, but with a general appearance of heaviness. The Railway transactions have been so limited as not to allow of any remark; the following being the most important recorded; Eastern Counties, Guaranteed, 6 per cent, 11k; Northern and Eastern, 5 per cent, 52*; Great North of England, Purchase, 7*.

8 per Cent Consols 91 1 Danish 3 per Cents 68 71 Ditto for Account 91 6 6 Dutch 21 per Cents 471 86

3 per Cent Reduced shut Ditto 4 per Cents 774 84 34 per Cents shut Mexican 5 per Cents 1846... 31 i Long Annuities shut New Grenada 184 194 Bank Stock shut Portuguese N.4 perCeuts1842 27 13 Exchequer Bills 36 41 pm. Portuguese Old 1824 75 8 India Stock shut Russian 5 per Cents ...ex. d. 101 3 Brazilian 5 per Cents 81 3 Spanish (Active) 5 per Gents 166 4 Belgian 46 per Cents 80 2 Ditto 3 per Cents 1842 294 301

Buenos Ayres 38 40 Venezuela 28 30 Chllian 6 per Cents • 94 7 Notes issued

BANK OF ENGLAND. An Account, pursuant to the Act 7th and 0th Victoria, cap. 32, for the week ending on Saturday, the 17th day of March 1519_

LIMUE DEPAATMENT•

£28,551,920 Government Debt .....

Other Securities Gold Coln and Bullion Silver Bullion