MONEY MARKET.
STOCK EXCHANGE, FRIDAY Arraromox.
The English Stock Market has evinced more vitality during the last few days than for some time before, and prices have advanced from 1 to 1 per cent since last week ; the closing price of Consols this afternoon being 971.1. There is A slight increase in demand for money, and discount in Lombard Street is Tether tighter than usual. The rate of exchange upon Paris also conti- nues to droop. There has consequently been the usual anticipation of an in- crease of the rate of Bank discount, which has not been realized. Exche- quer Bills have declined, the premium having fallen to 49s. It can hardly be expected that these securities can be kept at a very high premium while the general value of money continues at from 21 to 3 per cent. In the Foreign Market, the arrival of hi. Payno from Mexico with the original order upon the Government of the United States for the payment to the agent of the Bondholders of 2,500,000 out of the Californian indemnity, and due in May 1852, has given firmness to Mexican Bonds, which have advanced from 1 to 1 per cent. By the same steamer a small remittance on account of the dividends has been received. Peruvian Bonds are heavy, in the almost total absence of business. It seems premature to pronounce upon the quality of the Australian guano, as only one cargo has yet arrived, which is said to be deficient in ammonia ; though the Perth Gazette (Western Australia) states that masses of crystallized ammonia had been picked up upon the guano-beds. The quantity producible from Egg Island, the pre- sent Australian bed, is stated at about 6000 tons ; but as it appears that Lieutenant Helpman, of the Colonial schooner Champion, had discovered an- other large accumulation of this valuable commodity, the quantity may be very much greater. It is clear that if our Colonial produce can compete with the Peruvian in either quality or quantity, the prospect of the continued pay-
ment of the dividends upon Peruvian Stock must be diminished, as the only fund to provide for such payment arises from the Government monopoly of guano. Portuguese Bonds are firmer ; the success of the rebellion, and consequent elevation of Saldanha to the office of Prime Minister, having induced some purchases, which, from the limited amount of Stock at market, have caused an improvement of about 2 per cent. From the same cause, Spanish Stock has become firmer within the last day or two. Russian and the other Northern European Stocks have been steady within a trifle of our last quotations ; the demand for the former in Paris still continuing.
The Railway Share Market has not been quite firm. The tolls for the week ending last Saturday were not so extensive as was anticipated. Ex- pectation has therefore been generally disappointed. It remains to be seen whether the traffic of succeeding weeks will increase to the extent necessary to pay dividends upon the present high prices. The prevailing opinion among the best-informed persons connected with railways appears to be against the increase of traffic to the required amount. All the principal Shares are from 1/. to 21. lower than last week, and there is a proportional decline in the minor varieties. The French Shares were better at the com- mencement of the week, when a slight impulse was given to them by the peaceful solution of the anticipated difficulties of the 4th instant in Paris. The upward movement then commenced has not been supported, and the market has since been in a quiet state; closing this afternoon atrather lower prices than on Monday.
SATURDAY TWELVE O'CLOCK.
The English Stock Market is heavy, without any appearance of business ; the nominal price of Consols being 971 1. There is no change or business requiring remark in the Foreign Market, where prices are nominally the same as yesterday. The Railway Shares are nearly the same; the transac- tions of the morning have hitherto been insignificant, and have been con- fined to the following bargains—Great Northern, 181 ; South Devon, 27k; Namur and Liege, 7.
SATURDAY, Two O'CLOCK. The English Funds close at a slight advance upon the morning's quotation; Consols being 971 /. The transactions in the Foreign Market have been unimportant; the following being the record of bargains occurring—Bra- zilian, 90; Ditto New, 871 ; Mexican, 35 1 k 1; Russian Five per Cents, 1121 112 ; Ditto Four-and-a-half per Cents, 991 100 ; Spanish Active, 19 i - Ditto Passive, 51; Ditto Three per Cents, 391; Belgian Four-and-a-half per Cents, 90; Dutch Two-and-a-half, 59 I.
The Railway Shares are heavy, almost every description closing at lower prices than yesterday. The following are the principal bargains since the
morning—Aberdeen, 14* 13i 14 1n; Ambergate ' Notts, and Boston, 4f f • Caledonian 141 11 ; Chester and Holyhead, 221- f 1 ; Eastern Counties 71 East Lancashire, 161 ; Great Northern, 181 1 1; Ditto Half-shares A De- ferred, 61; Ditto Half-shares B 6 per Cent, 12i 1; Great Western, 861 7 61 i -' Ditto New, 171., 141 1 ; Lancashire and Yorkshire, 611 21 1* f ; London and Blackwell, 81; London, Brighton, and South Coast, 97; London and North-western, 1271 7 6.1_; Ditto New Quarter-shares, 221 - London and South-western, 871 7; Midland, 62 11 1 ; Ditto 50/. Shares, 2f1 ; North British, 91; Oxford, Worcester, and Wolverhampton, 17 161; South- eastern and Dover, 271 7 61 ; York, Newcastle, and Berwick, 211 1 ; Ditto Extension,16 ; Ditto G. N. E. Purchase or Preference, ' erence, 71; York and North Midland, 26 ; London and Greenwich, 111; Reading, Guildford, and Rei- gate, 211 1 ; Oxford, Worcester, and Wolverhampton, I5/., 6 per Cent., 3.
3 per Cent Consols Ditto for Account 3 per Cent Reduced 31 per Cents Long Annuities Bank Stock Exchequer Bills India Stock Brazilian 5 per Cents Belgian 43/4 per Cents Chilian 6 per Cents Danish 5 per Cents 971 ;3/4 97f i 961 1 973/4 98 7 5-16 i 2103/4 I 49 52 pm. — 89 90 90 92 103 5 101 2 Danish 3 per Cents Dutch 21 per Cents Ditto 4 per Cents Mexican 5 per Cents 1846 Peruvian 6 per Cents Portuguese 4 per Cents 1842 Portuguese 5 per Cents 1824 Russian 5 per Cents Ditto 41 per Cents Spanish (Active) 5 per Cents Ditto 3 per Cents 1842
Venezuela ...
ve-
76 8 593/4 893/4 90 35 1 83 4 33 5 76 8 112 113 99) 100 19 39 33 5
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