24 OCTOBER 1835, Page 11

MONEY MARKET.

STOCK EXCIIANOE, PRTDAT AFTERNOON.

The pressure for money has been materially diminished during the last few days; but the prices of Public Securities have not improved in consequence. Up to this morning the Consol Market presented a very firm appearance ; but the intelligence received from Paris of the hesitation of the French Go- vernment to pay the instalment upon the American Indemnity, coupled with a decline of about per cent. in the prices of the French Funds, induced some speculative sales at the openingof the market ; and although the price was kept up till the middle of the day, in anticipation of a large purchase on account of the West Indian Indemnity Loan, that operation (which was to the extent of 300,0001.) was no sooner effected than a decline of more than # per cent. took place. The amount of West Indian Loan now paid up is understood to be more than ten millions; so that the drain upon the floating capital for the remaining payments will not be considerable. In the Foreign Market, the approaching conversion of Spanish Cortes Bonds still presses upon the market ; which is kept down by the sales of those speculators who, from inability to hold the Stock during the period requisite for the con- version, are forced to dispose of it. The quantity of Cortex Bonds thus forced upon the market during the last few days, has been very great; and an exten- sive conversion of them was effected on Tuesday last. It was eqtimated that the amount of Cortes Bonds remaining unconverted at the beginning of the week, was about one million ; and subsequent operations have reduced It nearly . one half ; so that very few Cortes Bonds at present remain in existence. When the whole shall have been converted, the amount of Active Consolidated Spanish Five per Cents. (into which general designation all previous existing varieties of Spanish Stock will have merged) will not exceed thirty millions ; and as these Securities will comprise the whole of the Foreign Debt of Spain, the annual Dividends, amounting to one million and a half, cannot lie considered a burden at all disprnportioned to the improving resources of the country. The Dutch Funds have improved. The continuance of the " armed neutrality" now existing between Belgium and Holland seems still probable; but as this state of things is popular in Holland among the mercantile classes, who benefit materially by the restrictions imposed by it upon the commerce of Belgium and the German States, the prices of Stock at .Amsterdiun are kept up ; and, as a natural consequence, these Securities improve here. The other Continental Stocks continue unaffected at our last prices.

The South American Funds are immoveable.

Several new Railroad schemes have made their appearance; and are all current at a trifling premium upon the original deposit.

SATURDAY, TWELVE O'CLOCK.

The transactions of the morning have been quite unimportant. Consols are A per cent. higher than last night, and Spanish Stock a shade flatter. All other descriptions of Foreign Stock are nominally at yesterday's prices.

SATURDAY, FOUR O'CLOCK.

The afternoon has been passed very inactively. Spanish Stock has rallied about i per cent., the closing price being 44k. Consols remained during the whole of the afternoon at 9/1 g ; but a decline occurred a few minutes previous to the closing of business : the last quotation is 91t, sellers.

Ditto for Account 914 4 French 3 per Cents - New 34 per Cent. Annuities 1994 I Greek, 1825. 5 per Cents

Bank Stock... 2094 210 Mexican 6 per Cents. 37 *

Exchequer Bills 14 16 pm. Portuguese 3 per Cents 574 8

Belgian 5 per Cents 1024 34 Russian, 1822. 5 per Cent.. --