The business of the week has not been extensive, an,:
the gloom still continues. The settlement of the Consul Account for April took place yesterday. Money was very scarce ; and the speculators were obliged to pay a larger premium than usual to carry over their stock till the 27th May, the period fixed for the next settlement. At one period, Consols were at 901 4 for Money, and 91 h for May ; but the mice afterwards improved to 90,'L; 91 for Money, and 91; for Account. These quotations have not been maintained to-day ; and Consols for Account have been at 90 I, but close at 91 The pressure for money still continues; which is very unusual at the time for payment of the Dividends. This circumstauce, together with the aspect of affairs in America, sufficiently accounts for the heaviness of the Money Market. It appears from official re- turns, that the amount of silver despatched to the United States has been about 1,500,000/. ; and though it is generally believed that this sum will be sufficient for the present exigencies of that country, the possibility of an increased demand for the precious metals arising on the other side of the Atlantic, and the conse- quent necessity which would then be imposed upon the Directors of the Bank to curtail their issues of paper, and thus render money more valuable, must ope- rate for some time to prevent large investments of capital. In the Foreirm Market, with the exception of some fluctuation in Bela-kin au unusual appearance this morning ; not a single ship being entered as having arrived at any of the outports. Spanish Stock has been at 3q, and at 32, and closes at 3l,. A decree has been issued by the Council of Regency, authorizing the raising of a loan of two millions sterling ; and as that document has been accompanied only by some ambiguous expressions of referring the state of public credit to the Cortes, the consideration of the claims of the Cortes Bondholders seems about to be again deferred, unless the capitalists who might compete for the loan decline any nego- tiation until those Bonds are recognized. Unless such an occurrence take place, the new loan will be excluded from the London Exchange ; and the Continental markets are already so deluged with Spanish Stock, that we question their ability to absorb the quantity required. - Some exaggerated rumours of disturbances in Brussels have induced sales of Belgian Stock, which has been so low as 981; but the market has since rallied, and the price is now 99i 100. The Dutch and other European Stocks are nearly at our last prices. The South American Bonds are depressed ; C'olum- hien being 24i :4, and Mexican 384 39. Some inquiry has been made after the Bonds of the Greek Loan of 1825, and the price is about 33.
SATCROAT,TWEr.vt: o' CLOCK.
The Conscl Market is heavy this morning ; the price for-Money has been as low as 903, and for Account as 903 ; but the market has since improved to our quoted prices. In the Foreign Market the principal business has been confined to the Spanish and Portuguese Stocks ; the former has been as low as 30.., since at 81, and are now at :303 Z. The march of General RODIL into Portu- gal, is again positively affirmed ; and some purchases in the Regency Bonds are stated to have been made in consequence. The price of the Stock has been 654, and is now 673 i. The other Foreign Stocks are generally at yesterday's prices.
Previous page
