MONEY MARKET.
STOCK EXCHAIME, FRIDAY ANTICHNOOM
The Three per Cent Government Securities continue to rise. Consols, the the only one in which business is now transacted, having reached in the course of today a quotation more than 1 per cent in advance of the closing price of last week, the price of these Securities for Account has been as high as 97i, while for Money the quotation has reached 97*: the market has since given way, and after being at 96i, closes at 96i 7 for Account and 961 I for Money. The New Three-and-a-half per Cents (the only Three-and-a-half per Cent Stock now open) have not moved in the slightest degree; for though a large purchase was made during the week by an influential broker at 1024, the aggregation of small sales has tended to keep down the market, which is today heavy at 1024. It would seem from this circumstance, that the reduction of this stock is con- sidered certain. Consols have today again reached the highest price at which they have been during the present century. Once before—on the 9th April 1824—the quotation of today, 974, was realized ; since which period, the price has never been higher than 944, end once was as low as 744. The only solution of this rapid improvement is to be found in the abundance of m mey, which can now be bad at from 1 to 2 per cent upon good security. From the samecause, Exchequer Bills have risen, and are 71s. to 73s. premium. By the Dutch mail of yesterday the plan for the reductimi of the Dutch Five per Cents was received; by which it is proposed to give to every bolder of 100/. Five per Cents 108/. New Four per Cents, yielding an interest of 4/. 6s. 4d. per cent per annum : the holders of Five per Cents will, if this plan be adopted, suffer a loss of 13s. Pd. per cent per annum. It is not probable, however, that the holders of Dutch Five per Cents will accept the proposed terms, when, by selling their Five per Cents at the present price, and converting them into Two-and-a-half per Cents, they can secure an interest of 4/. 10s. per anuum. The agitation of the plan has, however, given an impulse to the Two-and-a-half per Cents, which have risen today to 564, being an advance of 4 per cent, while the Five per Cents have slightly declined, viz. to 1024. The advance in the English Funds has given birth to many speculations in the various current varieties of Foreign Stock ; the non-dividend-paying Bonds being, as usual, the favourites, and all marking a considerable advance. The better class are also in demand ; and the Brazilian, Danish, Belgian, Russian, and Portuguese Stacks, are all at higher quotations than last week. Spanish and the lower description of South American Bonds have risen in AMC cases, be- tween 2 and 3 per Cent; the former has now given way, the Three per Cents having fallen from 294, their highest price, to 284, and the Five per Cents Ac- tive from 224 to 214. Mexican Bonds are an exception to the general rule of improvement. On Monday, intelligence was received of the arrival by the packet of 20,000 dollars on account of the dividends due in April next ; but as that sum is not sufficient in addition to the amount known now to be in the hands of the agents to pay the sum required, the price of the Bonds declined to 29, but speedily rose again, and was afterwan's as high as 314: the market has, however, since been steady between 304 31. It is still uncertain whether the dividend will be paid in due course. The fall to 29 on Monday was chiefly oc- casioned by the circumstance of the broker who was employed by the agents of the Mexican Government to effect the large sales that occurred in the autumn of last year having sold stock, whence an inference against the payment of the dividend was drawn.
Some of the Railway Shares have declined ; Birmingham being today about 5/. below the highest quotation; Great Western have also fallen back slightly : but generally these securities may be quoted at advanced rates. Some consi- derable transactions have occurred in the hitherto neglected Mining Shares; but they ate chiefly referable to a spirit of speculation occasioned by the great plenty of money ; and except in the case of the Del Monte, where some returns of ore have actually been made, do not appear to have rested upon any solid basis.
SATURDAY, TWELVE O'CLOCIL.
COMMIS for Money have opened at 964, and have since improved to 97 for Account ; the only prices marked are 964 97: New Three-and-a-half per Cents are the same, although a purchase of 2000/. has occured in them at 1024. Exchequer Bills are also unchanged. In the Foreign Market, Spanish Bonds have shown symptoms of improve- ment, but are now the same as yesterday. Portuguese Converted Stock is about 4 per cent lower. The other current varieties are generally in demand at slight improvement upon yesterday's quotations, as will be seen by our list. The transactions in Shares have been numerous, as will be seen by the following list of bargains actually occurring. The demand for Mining Shares is still supported; and many of the Railways are quoted at an improvement. Mines—Bolanos, Scrip, 5; St. John Del Rey, 44; Del Monte, Unregistered, 64 54. Railways—Bristol and Exeter, 604; Eastern Counties, 94; Ditto, New, 114; Edinburgh and Glasgow, 474; Great Western, 964; Ditto, New, 704 70; Birmingham, 2154; Ditto, New, 374; Manchester and Leeds, Quarter Shares, 5; Ditto, and Birmingham, 204; Midland Counties, 644; Ditto, Quarter Shares, 161; Newcastle and Darlington Junction, 11; Paris and Rouen, 264; Rouen and Havre, 34; South-eastern and Dover, 25; York and North Midland, 98; Ditto, New, 40.
SATURDAY, FOUR O'CLOCK.
At four o'clock the closing price of Consols was the same as in the morning; but since the close of business an advance has occurred, and at half-past four there were buyers at 97 for Account.
P 1The Foreign Funds, with the exception of Columbian and some of the other South American, which are higher, close at the morning's prices. Spanish Bonds have been at 4 advance, but have gone back. 1 The Share business has been on the usual extensive scale; and, as will be seen by the following quotations of bargains that have oncurred during the afternoon, some of the Railways are in demand at from 108. to 1/. per Share advance. Mines—United Mexican, 24 4; Ditto, Scrip, 34 4 4. Railways—Bristol and Exeter, 614; Eastern Counties, 10; Ditto, New, 124 114; Edinburgh and Glasgow, 494; Great North of England, 604; Great Western, 954; Ditto, New, 70; Brighton, 364 44; South-western, 654; Croydon, 11; Manchester and Birmingham, 21; Midland Counties, 65; Newcastle and Darlington Junction, 104; Rotten and Havre, 34 4; South-eastern and Dover, 254 4; Ditto, New, 264; York and North Midland, 984. Banks—Colonial, 154; London and Westminster, 224; Union of Australia, New, 5.
3 per Cent Consols Ditto for Account 3 per Cent Reduced ...... 3/ per Cent Ditto New 3+ per Cents Bank Stock Exchequer Rills India Stock Brazilian 5 per Cents Belgian 5 per Cents Chilian 6 per Cents
97 97 i .... shut shut 1021 4 shut
prem 71 73 shut 79 80 104 + 86 8
Chilian Deferred
Colombian 6 per Cents. 1824 Danish 3 per Cents Dutch 24 per Cents Ditto 5 per Cents Mexican 5 per Cents Consd Portuguese New 5 p. Cts.1841 Russian 5 per Cents Spanish (Active) 5 per Cents
Ditto 3 per Cents 1812 29 31 46/ * 861 71 568 s 1021 4 31 4 401 1* 114 115 218 + 281 1
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