MONEY MARKET.
STOCK EXCHANGE, FRIDAY EVENING.
purpose of providing the necessary funds for the compensatory emancipation of the slaves of our West India Colonies, has been again revived ; and to that is at- transacted has not been extensive ; but the price has continued to lower, with- as high as 88. The report (which we have previously noticed) of a loan for the tributed the decline which has since taken place in the price. The business wonted favourable effect on the Money Market; and Consols for Account were
The pacific intelligence received on Monday from the East, produced its out any symptoms of reaction, and is to-day at 873 4. India Stock hai been steady between 2274 and 2281. Bank Stock has im- proved ; the first quotation this week was 194, and it is to-day at 1954 196. Exchequer Bills have continued steady at 49 50 prem.
In the early part of the week, it was announced, that in consequence of the failure of one of their establishments in India, the house of Rickards, Mackin- tosh, and Co.' had been compelled to suspend their payments. The loss occa- sioned by this failure will fall heavily on the retired civil and military servants of the East India Company, who are the chief creditors of this unfortunate esta- blishment. During the last two years, two extensive commercial failures have taken place in Calcutta—viz., of the establishments of Palmer and Co. and Alexander and Co., in addition to the one now noticed ; and the sufferers in all have been of the same class. In India, during the last ten or twelve years, the rate of interest having fallen materially, capitalists have been tempted, by the high rate offered by the houses of agency, to deposit with them instead of in- vesting in Government or other securities ; and we fear that many cases of embarrassment, if not of absolute destitution, will arise from their want of caution.
In the Foreign Market, a great improvement has taken place in Brazilian Stock ; which has been as high as 66, and is this afternoon at 644 654. Mexi- can Bonds have also been in some demand, and are at 3:31 34. Dutch 24 per Cents. were on Monday as high as 464 ; but have since declined, and have been for the last three days at 453 4. Russian Bonds were on Monday at 103; but a disposition to purchase being . evinced by some of the brokers, the price im- proved to 1004, but has not maintained that quotation, and is to-day 1024 103. Danish Stock is 724 73. Portuguese Bonds have been in some demand. The latest intelligence from Oporto is on the whole favourable; and the activity evinced both here and in France to forward reinforcements and supplies, has given an impulse to speculation. The price of the Bonds has been as high as 544, and the Scrip 34 dis. The Scrip has since declined to 44 dis. ; but a re- action has again taken place, and the price now is 33 34 dis. Spanish Stock has been all the week at 18319. SATURDAY, ONE o'Ctocx.
The Consol Market was depressed this morning by the intelligence of the West Indian loan ; but as it is generally believed that the Ministerial plan will be frustrated by the opposition of the West Indian Proprietors, the price, which had been at 87*, has since improved to 874. We have no quotation of Bank Stock to .day. East India Stock is 2274 228. Exchequer Bills have been at 47 prem., but are now 49 prem. The business of the Foreign Market has been chiefly confined to Dutch Stock, which is rather lower than yesterday, being 454 3. A few transactions have accursed in Portuguese Scrip, but the price has not improved; although it is
rumoured that this Government intends speedily to make some decided manifes- tation of its interest in the success of the cause of the young Queen. 3 per Ct. Consols 87f # Belgian 5 per Ct. ... 854 Mexican 6 per Cts, 33* 4 Ditto for Account 871 4 Brazilian 5 per Cts. 641 30 Portuguese 6 p. Cts. 54 4 New 34 per Ct. Ann 941 5 Danish 3 per Cents. 72* 3 Do.Regeney Se. 5p. C. 3a Bank Stock — Dutch 24 per Cents. 454 1 Prussian(1318)5 p. C.
India Stock for Acct 2274 French 3 per Cents. —I Russ.(1318)5p.C. 1024
Exchequer Bills „ 47 49,Greek (1825)5 p.0 Is. — ISpanish(1821) 5p. C.I.84
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