• MONEY MARKET.
STOCK EXCHANGE, FRIDAY AFTERNOON.
The progress made in the financial arrangements for the year has produced a favourable elect upon the prices of the Government Stocks, and an advance of about f per cent This, though insignificant, is better than the torpid state in which the market has continued for the last six weeks—indeed, ever since the first production of the Budget, and during what may be called the transition state of the Administration. Consols have for the last few days been slowly advancing, and the price this afternoon is 97i for Money and 971 1 for Account The books of the Stocks upon which the Dividends are now in course of payment opened for private transfer on Monday, and busi- ness has been resumed in them. The investments consequent upon the pay- ment of the dividends usually cause some activity in the market; but the public do not seem to have done much in this way, as the transactions of the week have been unimportant.
The usual quarterly notice from the Commissioners of the Treasury has appeared, certifying the actual surplus of the income of the United Kingdom over the expenditure thereof, for the year ending the 5th January 18,51 at £2,578,806 3 3 Of this sum, one-fourth, or 644,701 10 9 will be applied to the reduction of the Debt during the current quarter. This amount will be further increased by 2098 15 # Being the interest receivable upon donations and be- quests to be applied to the reduction of the Debt making the total amount so applicable..., ...... £646,800 6 2
In the Foreign Market, with the exception of some extensive dealings in Spanish Stock, the business has been unimportant. Intelligence was yes- terday received of the dissolution of the Spanish Cortes. As by this event the contemplated conversion of the Spanish Debt has been postponed for some time at least, it produced a very disastrous effect upon prices. At the opening of the market there was a general rush to sell, and the first price of Active Stock was about 2 per cent below the closing quotation of the day before—namely, 19/. The quantity of Stock thrown upon the market forced the quotation in the course of the day down to 181: The Stock has since been rather firmer, in the almost total absence of business; the closing quotations this afternoon being 19 to 19f. A report is prevalent that the Emperor of Russia is about to contract another loan, though the amount of' it has not transpired. Russian Four-and-a-half per Cent Stock has conse- quently given way slightly. The demand for France, however, still con- tinues, and prices today are rather higher than last week's. The fluctuations of the Railway Share Market have not been extensive ; and though some of the principal shares have been depressed from II. to 2/., the prices today do not vary materially from those of Wt week. The trans- actions in the French Shares have been extensive ; most of the speculators who bought about three weeks ago having sold again. The agents of French houses who then supplied the market have now been buyers, and prices have hence been sustained. The English speculators come most disastrously out of the business ; they have this week been selling Shares which they re- cently purchased at an average loss of about 11. per share or 7 per cent.
SATURDAY TWELVE O'CLOCK.
The English Stock Market is firm at the closing prices of yesterday, with but few transactions. The only variation in the Foreign Market is in Spanish Active Stock, of which there is an evident disposition to make sale, It
Several bargains have occurred at 181, and the price is now 181 1. All the other Foreign Bonds are at yesterday's prices. There is no material change in the value of English or Foreign ilway Shares, and the transactions of the morning have not hitherto been of sufficient importance to require notice.
SATURDAY, Two o'Crocir. The English Stocks close at the morning's quotation; the business trans- acted havino.' been unimportant. In the Foreign Market, business has been entirelyalmost entirely confined. to Spanish Stock ; both varieties of which close lower than in the morning—the Active at 181 1, and the Three per Cents at 381 91. The other transactions have been as follows : Brazilian, 891 ; Equa- dor, 31 ; Mexican 331 1 33; Peruvian, 854 ; Russian Four-and-a-half per Cents, 98/ 99; Spanish Active, 181 / ; Passive, 41 1 ; Dutch Two-and-a-half„ 9 ; Ditto, Four per Cents, 891 90. The Railway Share Market shows symptoms of weakness. The following are the principal bargains recorded : Aberdeen, 14f ; Ambergate, Notts, and Boston, 51 41 ; Caledonian, 131 14; EasternCounties, 71 1; East Lanca- shire, 16/ 17 161; Great Northern, 178 1 ; Great Western, 871 1 87; Hull and Selby, 1011; Lancashire and Yorkshire 591 1 9; Ditto Fifths, 4/ ; London and Black-wall, 81 4 8; London, Brighton, and South Coast, 95; London and North-western 127+; London and South-western, 871 7 ; Mid- land, 611 601; North British, 9* i; North Staffordshire, 10+; Oxford, 'Wor- cester, and Wolverhampton, 18; Scottish Central, 161 16; South-eastern and Dover, 261 4 27; York, Newcastle, and Berwick, 211 / 1; Ditto Ex- tension, 111 ; Ditto G. N. E. Purchase or Preference, 71 ; York and North Midland, 1 4; Boulogne and Amiens, 91 i I -, East Indian, 151 ; Namur and Liege 7/ 8 71; Northern of France 15 141 154; Orleans and Bor- deaux 41'4 ; Paris and Strasbourg, 11; ItOuen and Havre, 101; Strasbourg and Bor- deaux, 4; Tours and Nantes, 61; West Flanders, 2f.
3 per Cent Consols Ditto for Account 8 per Cent Reduced 31 per Cents Long Annuities Bank Stock Exchequer Bills India Stock Brazilian 5 per Cents Belgian 41 per Cents Chilian 6 per Cents Danish 5 per Cents 97 1
97 i 1 964 i 9744 7 5-16 1 — 54 57 pm. 262 5 88 90
99 4 102 4 100 102
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 Ceuta 1824 Russian 5 per Cents • Ditto 41 per Cents Spanish (Active) 5 per Cents Ditto Spec Cents 1842 Venezuela 76 8 581 9 891 90 33 1 85 6 35 6 87 9 110 112 98 99 18 f 88 91 1 32 3
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