31 MAY 1851, Page 10

MONEY MARKET.

STOCK EXCHANGE, FRIDAY AFTERNOON.

The English Stock Market has experienced but slight fluctuation, and the closing prices this afternoon, are nearly the same as those of last week ; Consols for Money being 9711, for Account 971 98. The business of the week has not been extensive, and the only subject worth remark is the alteration made by the Bank Directors in the rate of interest for the advances usually made during the period when the books of the Government Stocks are closed for dividend. These advance; which in March were made at the rate of 21 per cent, will, it is understood, now be charged for at the rate of 3 per gent:

8 per Cent Consols 911 98 Danish 3 per Cents 76 8 Ditto for Account

98 k

Ditch 21 per Cents

59 6 3 per Cent Reduced

971 1. Ditto 4 per Cents 894 904 34 per Cents 981 i Mexican 5 per Cents 1846 ... 344 5 Long Annuities 7.5-164 Peruvian 6 per Cents 83 4 Bank Stock — Portuguese 4 per Cents 1842. 32 3 Exchequer Bills 39 42 pm. Portuguese 5 per Cents 1824. 88 90 India Stock —

Russian 5 per Cents

III 113 Brazilian 5 per Cents 89 91 Ditto 44 per Cents 1016 102 Belgian 41 per Cents , 91 93 Spanish (Active) 5 perCents. 204 4 Chili= 6 per Cents Danish 5 per Cents 103 105 102 104 Ditto 3 per Cents 1842 Venezuela

M 404

alt

In the Foreign Market, the demand for Russian Four-and-a-half per Cent Stock for France still continues, and the price has advanced to 102. This stock is becoming scarce, and there was considerable inquiry for it upon the settlement of the Account today. Mexican Bonds have declined, but are rather firmer again; closing this afternoon about 4 or 4 per cent above the lowest quotations. Peruvian Bonds are also higher ; an influential broker having on more than one occasion purchased extensively, thus giving a tone to the market. Messrs. Baring and Co. have adopted the suggestion of the holders of Buenos Ayres Bonds, and expressed their readiness to divide the sum now in their hands among the stockholders. A payment of 71. 10s. per 10001, being half the usual amount of dividend, will consequently be made early next month. Spanish Active Stock has been steady, and rather firmer. Portuguese Bonds are without material alteration. The transactions in the other varieties of Foreign Bonds have been insignificant

The improvement in the Share Market has not been continuous. Prices were pretty firm on Monday, but a sort of panic afterwards occurred, and the result was a very considerable decline. The " continuation," or pre- mium paid to carry over shares to the 13th June, was on Wednesday rather high ; and in anticipation of pressure upon the market, the dealers borrowed largely. These precautions were rendered unnecessary by the state of the market yesterday, when Shares were all scarce and in demand. An upward reaction has since occurred, and prices are today in some cases higher than those of last week ; and where this remark does not apply, not materially ' below them. The transactions in the French Shares have not been import- ant ; but prices are rather higher today, in consequence of an improvement in Paris.

SATURDAY, TWO 0!CLOCS.

The English Funds close more firmly, Consols for Account having been done at 985, and the last price being 98 to 4. The business of the Foreign Market has been confined to the following transactions ' it will be seen that prices are rather firmer—Buenos Ayres, 311 ; Mexican, ki; Spanish Active,„ 20/ 1 ; Ditto Passive, 51.

Prices in the Share Market are generally higher. The rise today appears to have been occasioned by the failure of some provincial speculators, who had operated for the fall, and whose inability to deliver the shares they have sold has forced their repurchase in this market. The following are- the principal transactions—Aberdeen, 121 1 1 ; Ambergate, Notts, and Boston, 45 4 ; Bristol and Exeter, 771 81 ; Caledonian, 14 114 ;. Chester and Holyhead, 201; Eastern Counties, b4 7; East Lancashire, 16 154 1 ; Edinburgh and Glasgow, 34 ; Great Northern, 184; Great Western, 86. 51 61 8 ; Lancashire aneYorkshire 51 4 8; London and Blackwell, 81;: London, Brighton, and South Coast, 96; London and North-western, 1241 Ito 1255 1 ; Ditto New Quarter-shares, 211 1; Midland, 565 51 61 ; Ditto 50/. Shares, 191 ; North Staffordshire, 101; uth-eastern and Dover, 241 1 1 i ; York, Newcastle, and Berwiok, 21 5 1; York and North Midland, 24 4;. Hull and Selby, 1024 ; Reading, Guildford, and Reigate, 211 4 ; Great Northern 5 per Cent, 131 ; Ditto Consolidated and Birmingham 6 per Cent, 1331; North British, 6; Boulogne and Amiens, 91 ; Central of France, (Orleans and Vierzon,) 171 - East Indian, 181; Northern of France, 15 ; Orleans and Bordeaux, 3/ ; Paris and Rouen, 25; Paris and Strasbourg, 104;, Rouen and Havre, 95; Tours and Nantes, 51.

SATURDAY TWRIMD OTROCX.

The English Stock Market is steady at yesterday's prices, Consols for Money being 971 98, while for Account the price is exactly. 98. Exchequer Bills are still heavy, the price being from 39s. to 42s. premium. The trans- actions in the Foreign Market have as yet been unimportant, and prices are nominally the same as yesterday. The Railway Shares are without material change or any large business. South-eastern are lustily offered at 241, at which price they have been done ; and at present this is the only market in. which there is any appearance of business.