2 DECEMBER 1837, Page 9

MONEY AIA1tKET.

ST0CR EECRANOE, FRIDAY AFTER:100N.

Considerable sensation has been excited in the Money Market by the sudden and unexpected depression of Bank Stock. which has experienced a decline of more than S per cent. ; having fallen trout 214 to 204. The decline com- menced on Wednesday afternoon ; when some of the most eminent brokers appcaied as sellers. The market for this stork is limited, and the dealers in it few ; and though the transactions have not been extensive, this remit has been to cause a depression first to 20d, then 2123, and ultimately toelay to 21)4. It is believed that this decline has been caused by the altered state of the business of the Bank ; which it is said has fallen off to such an extent as to render it ex- tremely probable that a reduction of the dividend of 8 per cent. hitherto paid upon the Stock, will be forced upon the Director,. Much discussion has arisen as to the concerns of the corporation ; and many statistical details re- lating to them are afloat ; but our limited space will not allow us to notice these documents, or to do more than state that the decline in the value of the Stock has not been assigned to any more probable cause than the supposed re- duction of the dividend.

Money has Leen more in demand at the Stock Exchange during the last few

• days than far some time. The prices of the English Funds generally have, however, improved. The books of the Three per Cent. Consuls, and the other Stocky., the dividends on which become due 1st January next, have closed to- day. The Bank Directors have issued the following usual notice. The Hovernut and Company of the Bank of England do hereby give notice, that 00 and alter the 30th instant, they will he ready to receive strew: ‘tions for loans tit tat the deposit or approved bills of exchange, not having mom than six months 10 1011 I such 10011, to be repaid on or before the 16th January next. with interest at the rate of 4 per cent. per annum, end for sums of nut less than 9,0001. each.

Hank of England, 30th November 1437."

The transactions of the Foreign Market have been chiefly in Brazilian Bonds; which have recovered to a very great extent the extreme depression of last week.

SATURDAY, FOUR O'CLOCK.

Corsi S close a per cent. lower than in the morning, the price for Account being 934 i. Bank Stock has experienced a further decline, and is quoted at 2021 to 203k, a small sale having been effected at the lower price. In the Foreign Market, most descriptions of Stock continue the same, with the exception of Portuguese Bonds, which are rather lower. A purchase of 23,0001. has given some firmness to Deferred Spauish Stock, and it has been dune us high as 74. The Active Stock has been nominally quitted higher, but no transactions oc- curred at the advanced price, and it closes as in the morning.

Recent arrivals from Rio Janeiro have allayed the fears thee a popular comma. tiun would be excited by the resignation of the Regent. A remittance of 40.0001. has also been sent by the Government to itsegents here.

Portuguese Bonds still continue to decline. The Bonds of the Loan of 1837, which we have before alluded to as having been deposited as security for the advances made to pay the last dividend, are still thrown upon the market ; and some sales were yesterday effected as low as 24k.

Spanish Stock has shown some symptoms of improvement ; but the price of the Active Stock has not advanced. The Deferred still continues in demand ; bet the Passive is neglected. As we anticipated, the reported revolutionary movement in Mexico, was an exaggeration: the Stock has consequently recovered its depression of last week.

The other South American Storks are firm ; but the unproved tone of the market has net led to any material increase in the price. SATURDAY, TWELVE O'Croce.

There is now, we believe, little doubt that the fall of the Bank Stock has been occasioned by a proposed reduction in the Dividend ; and it is generally understood that at the next half-yearly division of profits, in April, the amount of dividend declared will he 36 instead of 4 per cent., thus reducing the annual dividend front d to 7 per cent. The nominal price of the Stock is this morning, however, the same as yesterday, viz. 204 to 203. The Premium upon India Bonds and Exchequer Bills has advanced 2s. The East India Company having, through the agency of an eminent broker, lent a considerable sum of money upon these securities for a lengthened period, at 2i per cent. interest, muuey has consequently become more abundant. Consols have receded this morning, in consequence of the conversation which occurred last night in the House of Com- mons on the subject of Canada—the price for Account being 93„ 94. As the books are shut, we cannot report any money transactions, Spanish and Por- tuguese Bonds continue the same, with the exception of the Portuguese Five per Cents., l8:37, which after business yesterday were done as low as t2. South American Stocks are steady, at yesterday's prices.

3 per Cent. Consols Shut Ditto for Account 931 i 1 est Cent. Reduced

921 1

New 31 per Cent. Anus Shut Bank Stock 202, 31 India Stock 2o7 i Ditto Bonds 25 27 pm Exchequer Bills 44 40 pm Ilel,t,iau 5 per Cents 102

Brazilian 5 per Cents

794 9 Danish 74 Dutch to per Cents 534 * Portuguese Re4atitcy 5 p. Cts. 254 a9 Ditto 3 per Cent. 181 194 Russian (1S2216 per Cent... 1101 it Spanish I IS.i5) 5 per Cent...

20 204

Deferred Sark ii t Passive Ditto 41 4