3 JULY 1847, Page 11

MONEY MARKET.

STOCK EXCHANGE, FRIDAY APTIAINOON.

Considerable alarm was occasioned by the observations of Lord John Russell dining the debate on the Irish Railway Bill. The prospect of a reappearance of the potato disease, and the five or six years of misery for Ireland predicted by the Premier, produced a decided change in the tone of the money-market. Consols fell about per cent; and though some upward fluctuation afterwards occurred, the prices of this morning marked a decline to the extent stated. Today a further fall of about per cent has occurred; the closing quotation being the lowest of the day, and the appearance of the market heavy. The operations have not been very important; but some real sales have occurred, and as the specula- tive purchases have not been continued, the market has been without support against the pressure. Money is, if anything, slightly' more in demand. The Stocks whose dividends become due on the 5th instant will open for private transfer on the 6th, and the dividends will become plater: to the public on the 8th. The premium of Exchequer Bills continues nearly the same: some fluctuation has occurred, but the present prices are within a little of those given in our last report..

In the Foreign Market, the transactions have beau trifling. The non-payment of the dividend now due upon the Portuguese Four per Cents has tended still more to depress them: they are now full 1 per cent below our last quotations. Spanish Stock of both varieties has fallen in nearly a similar degree; though in neither market have the operations been important. Mexican Bonds continue heavy; though little affected by news of any kind, as might be inferred from the very low current quotation, 194. The only Foreign Bonds evincing firmness are those of the South American States; for which there is steady though limited demand.

The Railway Share Market has been in a state of much activity. Something like a revival of speculation has occurred in the provincial markets, especially at Liverpool; and the more prominent lines have been current at an advance vary- ing from 1/. to 31. per share. The decline in the English Funds has caused a corresponding movement in the Shares: prices are consequently lower, and a dis- position to sell more apparent today. The French Shares are heavy, with but few transactions. A disposition to investment in Ceylon Railway Share, has been ob- servable: the purchases were not of a speculative character, and there was no dis- position among the buyers to submit to any material advance in the current quo- tations.

The circular of Messrs. James Knag and Co., of New York, dated the 15th of June, reeeived per Hibernia, gives a very favourable account of the appearance of the money-market in that city. The demand for American Stock of all de- scription for home investment had been very great; the enplanes coming chiefly for abroad, and the sales of domestic :deck being few. The improvement in price had been chiefly in the Stocks of the States that were repudiated or had been under repudiation. While Treasury notes had between the 1st and the 14th of. June only risen 14 per cent, the advance upon Pennsylvanian Five per Cents du- ring the same period was 5 per cent, viz. from 78 to 83; on Illinois, 6 per cent, viz. from 424 to 48i; on Indiana Sterling, 41, per cent, viz. from 424 to 47; while the Indiana Dollar Bonds bad advanced 5 per cent, viz. from 42 to 47.

Bre,ad-stnffs were continually arriving from the interior; and shipments were heavy, notwithstanding a considerable advance in freights. The total export of

grain from the United States up to the date of the circular is estimated ate 1,400,000 quarters in wheat and flour, 2,000,000 quarters in Indian corn and meal, and 74,000 quarters of other grain; and it is supposed that 1,000,000 quarters, half wheat and flour and half other grain, would still be sent, forward. Exchanges had declined, and the prospect was downward.

SATURDAY, TWELVE O'CLOCK.

The English Market is without animation, and there is no new feature. Con- sols for Account are 884 4. By the return from the Bank of England for last week, it appears there is an increase in the amount of bullion of 14,808/. cum- pared with the preceding return. In the Foreign House there is nothing doing. In Railway Shares business has been transacted at the following prices; Caledos nian 29i; Eastern Counties, 21 4; Great Southern and Western (Ireland), 804; Great Western, 122; North Staffordshire, 104 4. SATURDAY, Two o'Cuase. In the English House Consols and other Government Securities have been flat through° ut the day. In Foreign Stacks there has been nothing doing. Railway Shares have been rather depressed. Ambergate, Notts. and Boston, 14; Bristol and Exeter, 75 7; Ditto, New, 16; Caledonian, 294 a; Ditto, Half-shares, 2; Eastern Counties, 214 201; Ditto, York Extension, 7; East Lancashire, (New,) 944 Great Southern and Western, (Ireland,) 304; Great Western, 122 1 3 18; Dine, Quarter-shares, 184 174; Ditto, New 74; London and Blackwell, 7a London, Brighton, and South Coast, 554 4; London and North-western, _188 1. Landon and South-western, 68 74; Manchester and Leeds, 1044 34; Midland, 129 80; Newcastle and Berwick, 24; Norfolk, 125; North British, 824; Nerds Staffordshire, 101 4; Scottish Central, 284 71; York and Newcastle, 38; York and North Midland, 89; Ditto, East and West Biding extension, 23i; Bor- deaux, Toulouse, and Cette, Constituted, 21; Central of France, (Orleans and Vierzon,) 174; Dutch-Rhenish 4; Orleans and Bordeaux, 6; Paris and Stras- bourg, 46; Sambre and Meuse, q.

3 per Cent Consols shut Danish $ per Cents 84 6 Ditto for Account 881 1 Dutch 21 per Cents 67 f 3 per Cent Reduced 881 9 Ditto 4 per Cents 59190 3f per Cants 901 1 Mexican 5 per Cents... 1846

19 i

Long Annuities 9 f New Grenada 191 20 Bank Stock 195 7 Portuguese New 5 p. Cts.1841 31 3 Bachoguer Bills 9 13 Peruvian 35 7 India Stock shut

RUS.811U1 5 per Cents

110 11 Brazilian 5 per Cents 83 5 Spanish (Active) 5 per Cents 201 lf Belgian If per Cents 935 Ditto 3 per Cents 1842 32; 3 Buenos Ayres 6 per Cent ... 36 8 Venezuela 38 40 Chllian 6 per Cents 91 3

)3ANX. OF ENGLAND.

An Account, pursuant to the Act 7th and Sth Victoria, cap. 32, for the week ending on Saturday the 26th day of June 1847.

Man DEPA141162,111.•

Notes tamed

/23,676,543 Government Debt £11£12,100

Other Secutitles 2044.900

Gold Coin and Bullion

8,227,546

Silver Bullion 1,449,000

E23,676,545

£23,676,545

BANKING DEPARTMENT.

Proprietors Capital Rest 414,553,000 3,463,999

Government Securities, (in-

cluding DeactWeightAnnulty1A11,707.217

Public Deposita° 8,796,617

Other Securities 18,915,772

Other Deposits 7,920.706 Notes 5.625,530

Seven Day and other Bills ....

rsipas

Gold and Silver Coin 849.860 636,498E79 636,498,379

• Irminding Bletequer,Savings Banks, Commissioners of National Debt &Dividend Account..