3 JUNE 1843, Page 11

MONEY MARKET.

STOCK EXCHANGE, FRIDAY IIITERNOON.

The alarm occasioned by the progress of the Repeal agitation in Ireland and the determination of the Government to repress it has produced a very con- siderable depression in the prices of the Public Funds; the decline in Con- sols during the week having at oue period been to the extent of 3 per cent. The operations have not been very extensive, only one very large sale having occurred. The disposition to sell Stock has been very general among the spe- culative portion of the public ; and the simultaneous occurrence of a number of small sales has thus produced a very great effect upon the market. Yesterday was appointed for closing the books of the Three per Cent Consols previous to the payment of the Dividend; and it was supposed that, in the present pos- ture of public affairs, there would be little inducement to the bona fide purchasers of Stock to invest, but that, on the contrary, Stock would be brought to market. Several speculative sales were made in anticipation ; and the price of Consols for Money was forced down to 92#, and for Account to 93. The market, how- ever, speedily rallied, under the effect of a general demand of Stock for invest- ment ; and the last price of Consols for Money was 93/. A further improve- ment occurred in the quotations for the Account ; and, after being at 94/, the last price was 93/ 94. This morning the opening quotation, ex div., was 92/, equal to 94; and after hanging at that price fora little while, the quotation rose slowly to 92/, and closes at 92# #. Several transactions have occurred in Con- sols for Money, notwithstanding the books are shut, at 95# and 94. The Heavy Stocks declined, though not in a similar degree ; New Three-and-a-half per Cents having been yesterday 100#, and Reduced Three-and-a-half per Cents at 991. Today both have improved, under the operation of a demand for invest- ment; which is more remarkable in the New Three-and-a-half per Cents, in consequence of the books of this latter stock closing today : the advance in it, as compared with yesterday's quotation, has been #; while the Reduced Three- and-a-half per Cents have not risen more that / to # per cent. A most extraordinary depression occurred on Wednesday in the price of Exchequer Bills; the premium upon which fell about 12s.; those bearing in- terest at 1#d. falling to 40s., and advertised bills to 28s. premium. This de- cline was occasioned by the contemporaneous occurrence of several sales, and has not been of long duration ; for the quotation of 1#d, bills has today reached 47, and that of advertised 35s. The general course of operation during the last few days has been nearly similar to that of last week ; the sales having been mostly of a speculative character, and only one large operation of that kind having occurred for money, while the great mass of capitalists have taken advantage of the low price of Stocks to purchase extensively ; and it is to this circumstance that the improvement of today and yesterday may be attributed. Considerable alarm, however, exists upon the subject of Ireland; and as there will be but few transactions for Money in either Consols or New Three-and-a. half per Cents till the beginning of July, the speculators will have the market in their power for some time. The business of the Foreign Market has not been extensive. Some large transactions have occurred in Dutch Stock, much to the disadvantage of the Two-and-a-half per Cents. The abandonment by the Government of the plan for the reduction of the Five per Cents has been the chief cause of this decline. The sales made on Dutch account both of Two-and-a-half per Cents and Five per Cents have been very extensive: the former have given way more than 2 per cent, and have been as low as 534; but have rallied again today to 544. The Fire per Cents have scarcely fallen at all ; the sales of imported Bonds having been met by extensive purchases for investment. The Brazilian, Co- lumbian, Mexican, and other securities, are all lower, more in consequence of the unfavourable appearance of the English market than from any particular causes of depression. The fluctuations of Spanish Stock have been consider- able, and their general result has been to establish much lower quotations than last week. The a.:pect of affairs in the Peninsula is very gloomy. The English creditors have, however, great confidence in M. MENDIZABAL ; and it is to the circumstance of his appointment to the Finance Ministry alone that we may attribute the comparative firmness of the Spanish securities in the present juncture. The Three per Cents have during the week been as low as 28/, and close today at 281 1; while the Five per Cents, after being at 19#, close at 194.

The operations in the Railway Share Market have not been such as to re- quire remark. There is no symptom of a general improvement in these se- curities, and none can be expected until the traffic shall have increased con- siderably. Saroaux, Twat.vz o'atzea.

The business of the morning has been quite unimportant, but the little that has occurred has been at higher prices. Consols for Money have been done at 94/, and for Account ex div. at 924, and afterwards at 92/. New Three-and- a-half per Cents have been done at 1014 for Money ; transfers being permitted both in this Stock and Consols by special permission, though the books are closed. Exchequer Bills have improved to SOL In the Foreign Market, the only alteration is in Spanish Stock, which LSI improved; the -Three per Cents being now 29, and the Active 20.

The Share business has been confined to the following—Paris and Rouen, 261; Eastern Counties Scrip, 241.

SATURDAY. Two o'coxii.

There has been very little doing in the English Stock Market, and no altera- tion in rprices Consols for the Account leave off 921 buyers; Three per Cent Reduced, 936 *; Three-and-a-half per Cent Ditto, 1006 6; Bank Stock, 1786 96; Exchequer Bills, 47s. to 50s.

In the Foreign Market, no change has taken place worth recording. Bra- zilian, 70 3; Belgian, 102 3; Chilian, 92 4; Colombian, 236 4; Mexican, 286 9: Danish, 84 6; Dutch Two-and-a-half per Cents, 54* 6 ; Ditto Five per Cents. 99* 100*; Portuguese, 4011 1*; Spanish Actives, 196 20; Ditto Threes, 286 9.

In Railways, business has been transacted at the following prices per share : Bristol and Exeter, 55; Eastern Counties, Scrip, 10*; Edinburgh and Glasgow, 491; London and Brighton, 32; London and Greenwich, 46; Lon- don and South-western, 64; Northern and Eastern, Quarters, 26; North Midland, Thirds, 226; Paris and Rouen, 261 *; South-eastern and Dover, Scrip, 246. In Mining Shares, Bolanos, Scrip, have been done at 41 5; Del Mattes, Huregistered, 4* 5. London Joint Stock Bank, 126. London Wood Pavement, Si.

3 per Cent Consols shut Chilian Deferred 36 Ditto for Account ex. dir. 921 Colombian 6 per Cents,1824. 234 4 3 per Cent Reduced 931 1 Danish 3 per Cents 84 6 34 per Cent Ditto. HO: 4 Dutch 24 per Cents 541 4

New 34 per Cents.,

shut Ditto 6 per Cents .... ...... 991 1004 Bank Stock for Account 1784 91 Mexican 5 per Cents Count . 281 9 Exchequer Bills prom 47 50 Pmtuguese New 5 p. Cts.1841 401 11 India Stock shut Russian 5 per Cents ....... — Brazilian 5 per Cents

703 Spanish (Active) &per Cents.

194 20 Belgian 5 per Cents 102 3 Ditto 3 per Cents 1842

284 9

-Chilian 6 per Cents . 92 94