11 MAY 1839, Page 9

MONEY MARKET.

firoex &SMARMS, FRIDAY AFIIRNOOR.

The general character of the American intelligence, both political and finan- cial, received on Monday and Tuesday, produced a favourable impression upon

Copal!.

Chili £934,900 Columbia 5.625,950

Mexico

6,865,820 Peru 1,81631011

Guatemala

163,350 Buenos A yrea 1,050,000

the 'Money Market, and Consols rose to 93&. On Tuesday, the rumoured resignation of the Ministry caused the market to recede; and on Wednesday the price declined to 93h. It rallied again in the afternoon, upon the intelli- gence that Sir ROBERT Pam. had been sent for; and has since improved to 937. The other English Funds have fluctuated in a similar degree, and have all participated in the improvement. The sales of Exchequer Bills on behalf of the Bank Directors, however, still press these Securities upon the market, and the price is consequently kept down. Both India Stock and Bank Stock have fluctuated about 1 per cent., and are to-day at nearly the same prices as last week. In the course of the afternoon, a rumour prevailed that Sir ROBERT PEEL had given it the task of forming an Administration ; and though the report did not obtain credence, it had the effect of producing a decline of per cent, in the price of Stock. Consols have consequently gone back the whole of the day's advance. The demand for gold still continues, and large quantities have been taken out of the Bank during the week ; and the sales of Exchequer Bills must, we think, be referred to this cause.

In the Foreign Market, the European Continental Securities have partici- pated in the advance of the English Funds, and are in demand at higher prices. But the Peninsular Securities are heavy, in anticipation of the return of the Tories to power: though they have rallied slightly to-day. Spanish, which have been 19a, are buyers at In ; and Portuguese Five per Cents., which have been 351, are 34. A meeting of the South American Bondholders was recently held : but it has not produced any increase in the value of that Stock. The only part of the proceedings deserving notice, relates to the amount now due from the various Governments; which is stated to be as under.

Arrears of Interest. £701,175 5,137,630 2,900.579 1.470,960 110.227 MAIO making together a total of upwards of 28,000,0001.

8.vrcansv. Twatvz o'Ciocz. The opening price of Consols for Account was 937 buyers; but some ex- tensive sales have forced the price down to sellers at 931. A slight improve- ment has, however, occurred, and the price is now 931 h. In the Foreign Mar- ket, very little business has occurred, and prices are the same as yesterday. SATURDAY, FOUR O'CLOCK. A rumour prevailed in the early part of the afternoon that Lord MELBOURNE had declined resuming office, and that Sir Ronnrcr PEEL was again in negoti- ation with the Crown ; but it did not produce any effect upon the Funds. Consols for Account have been sellers at 93h, but close buyers at that price. All the other descriptions of Stock, both Foreign and English, close at the morning's prices.

3 per cent. Consuls

93(

Ditto for Account 935 3 per Cent. Reduced . 921 1

NBanew k Stuck per Cent. Auns

1001 1

1961

Italia Stock

Ditto Maude

Exchequer 1301s

39 91

Belgian 5 per Cents. 102

Brazilian 5 per Cents 781

Danish 3 per Cents 751

Dutch 21 per Cents

501

Portuguese Regency 5 per eta Ditto 3 per Cents

351 21t

Russian (1822) 5 per Cent.... 113

Spanish (15.-35) 5 per Cent....

191 1

Deferred Stuck 91 ft Passive Ditto

41