26 SEPTEMBER 1846, Page 13

MONEY MARKET.

svoce EXCHANGE, FRIDAY Arrinizmow.

The mere monetary proceedings of the past week afford scarcely any scope for remark. The operations in the English Funds have been of a very unimportant character. The market has occasionally shown symptoms of firmness; but these indications have been transient, and the closing quotations today are about I per cent below those of last week.

It is now confidently expected that Parliament will be summoned for the de- patch of business in November; and as it is presumed that this early meeting will be solely for the purpose of passing measures for the relief of Irish distress, and can only result in a pecuniary grant in some shape or other, a detrimental effect upon the public securities is anticipated; therefore prices are depressed. The fears of the early part of the eighteenth century have been revived in the City, by the expected alliance between the Duke of Montpensier and the Infanta of Spans; and "the Spanish match" has fur some time been as much a bugbear as the same cry was to our ancestors. The alarm at this portentous conjunction, however, is subsiding. The opinion appears to be gaining ground that there is really no infraction of the provisions of the treaty of Utrecht; and that therefore, if the match be pressed by the French Monarch, it will not be seriously opposed by the present A.dministration.

The rate of money continues the same: there is an occasional demand for loans upon English stock; but in the Foreign House, accommodation upon foreign stock or :Mara: cannot be obtained under 5 or 6 per cent and upwards.

The principal objects of attraction in the Foreign Market have been Mexican and Spanish Bonds; to which the unimportant business of the week has been almost entirely confined. The former improved to 254 upon receipt of the intel- ligence of Santa Anna's reception in Mexico; though the price has since receded to 25. Spanish Stock has fallen about 34 per cent during the week, closing today at the lowest quotation.

The Railway Shares are generally depressed, especially those of the new lines. Some large transactions have occurred in North Staffordshire, at a depression of about IL per share; and the appearance of the markets for almost every variety is heavy. The transactions in the French and Belgian Shares have till today been unimportant. Just before the close of business, however, some large bar- gains were effected in those of the Great Northern, and Paris and Lyons lines, at a decline of price from 5s. to 10s. per share. These operations were also con- nected with a rather large sale of Consols, which produced a decline of 4 per cent in the price of those securities. It is therefore believed that an express has been received in town bringing lower prices both of Stocks and Shares from Paris, and that the business just referred to has been done in anticipation of the effect to be produced upon the market by the publication of the intelligence.

SATURDAY, TWELVE O'CLOCK.

The fall of 4 per cent that occurred in Paris on Thursday, has deepened the gloom of the market. The English Funds areer cent lower, and all the Fo- reign.Bonds heavy at prices a httle below those off yesterday; the business of the morning has, however, been insignificant. All the Railway Shares continue de- pressed. The following are the only transactions as yet occurring : Direct Northern, 14; Eastern Counties, 214; Hull and Selby, 1054; Brighton, 584; Ditto, Fifths, 474; London and 'North-western, 198; Ditto and South-western, 694; London and York, 14; Manchester and Birmingham, 76; North British, 85 44; North Staffordshire, 24 4 premium.

SATURDAY, Two O'CLOCK.

The English Funds are rather firmer, and close at an improvement of a per cent upon the morning's quotations. The Foreign Funds are in some cases also quoted at a trifling advance; but the business transacted has been quite unim- portant, and the majority of the quotations are merely nominal- The Railway Market has improved in tone with the trifling advance m the English securities; and, though no material advance can be noticed in prices, the market is de- cidedly firmer than it was in the morning. The transactions have been but few, and we only record the following. Caledonian, 16 154; Chester and Holyhead, 244; Edinburgh and Glasgow, 724 1; Great Western, Half-shares, 80; Ditto, Fifth-shams, 81; Hull and Selby, 1054; London and North-western, 198 94; London and Brighton, 584 4; London and Blackwell, 84 84; London and South- western, 694 4; Manchester and Birmingham, 76; Midland, 1364 6; Ditto, New, 844; licottish Central, 19; South-eastern and Dover, 384; Ditto, New, No. 2, 14 14; Ditto, New, No. 4, 3; East Indian, 4; Great Northern of France, Con- stituted, 14; Namur and Liege, 14; Paris and Lyons, Constituted, a 1; Paris and Rouen, 364; Paris and Strasbourg, Constituted, 44.

3 por Cent Consols Dittofor Account 3 per Cent Reduced 32 per Cents Long Annuities Bank Stock Exchequer BUR prem.

India Stock Brazilian 5 per Cents Belgian 4} per Cents Cbillan 6 per Cents

CO/umbian ex Venezuela

952 1 951 2 shut shut shut shut

11 14 88 90 97 99 100 192 IS 16 Danish 3 per Cents 88 90

Dutch 2} per Cents 592 2

Ditto 4 per Cents 941 5 Mexican 5 per Cents-1646 24} } New Grenada 204. 12 Portuguese New 5 p. Cts.1841 40 2 Ditto 4 per Cents 1845 • • • • 41 3 Russian 5 per Cents 110 112

Spanish (Active) 5 per Cents 261 I

Ditto 3 per Cents 1842 36} 71

Venezuela 42 4