THE MONEY MARKET.
STOCK EXCIIANGR, FRIDAY EYENCIT21.
The Money Market has been more steady during this, than it was during the last week, and the business has not been so extensive, nor the fluctuations so great. As most of the speculators for the fall have replaced their Stock, the price has not maintained itself; and our quotation of Consols this afternoon is nearly per cent, below the closing price -of Saturday. Exchequer Bills have also declined nearly 10s. ; the price to-day being 40s. to 42s. pre- Initial. The tendency to reaction, consequent on the extraordinary rise of therlast feW days, was increased by the intelligence received on Mon.- day from Amsterdam, that the Russian Government had succeeded in ne. gotiatipg a loan for 0,000,0001.; and it is feared that, being now furnished with the necessary means, the Court of St. Petersburg may assume a more warlike character. The fall in the 'exchange on Amsterdam, caused by a large demand for remittances to that capital in return for the immense quantilies of Dutch Stock continually imported, must, if the decline con- tinue, by producing an exportation of gold, render the Bank Directors careful, and induce them rather to contract than extend their issues : and if such should be the.case, all deseriptions of security must be more or less depressed. During the werek, a notice has appeared from the Commissioners for the Reduction of the National Debt, stating, that in accordance with the proviSions of a" recent Act of parliament, they.will.be prepared to apply the surplus revenue of last year td the extinction of the Debt. It is nearly two years since the country has had any available fund for this purpose; but the present surplus, although not large, is a real one. Bank Stock has improved; having been at 195, and clos- ing at 194. . India Stock for the opening has been quoted at 2034 and 204k. All the Stoats' which were shut for the Dividendare now open for private transfer, but the real business done during the week has been trifling. All descriptions of Foreign Stock are lower than last week, but Russian Bonds :have been more depressed than any of the Others i on Monday, theStoek was asflow .as 100, but it has since improved, and is this afternoon 1004 101. Dutch Stock has been during the week between 42A. and 43, and closes at 42k,Z.. Mexican Bonds have slightly improved ; the last aceounts from Alexico. being Of a more favourable nature. Owing to a'rednetion of 2 per cent. intim dividend having taken place in West Inoia Dock Stock, that se- curity, has declined between 30 and 40 per cent. : the price was yesterday 116, and is to-day 70 to 80. . • SATURDAY, ONE" o'cr.ocu.
The Conseil Markef has been steady all the morning at 373, which is the present price. Exchequer Bills continue at 41s. 42s. prem.In the Foreign Alaska some purchases have given firmness to Dutch Stock, and the price is now 428 Intelligance has been received from Oporto as late as the. 6th inst. The accounts, we regret to say, are not so favourable as we could hove Wished. The bombardment of the Miguelite party had not been very effective; but pro- visions' and money were scarce. General Polimac had arrived. The Scrip has not been effected, heir. sat 5 4-1 disc. Spanish Stock has improved, having been
as high as ; the present price is la d.
SATURDAY, FOUR O'CiOCE.
Consols have improved since the morning, and the closing price is 871-' 88. The bnsiness has not been very extensive in either the Foreign or English Markets; but all prices in both are rather higher.
We Were in error last week in stating that the new loan to PEDRO ITRS completed: only about half the proposed amount was subscribed, and it is now un-
derstood that the scheme is abandoned.
3 per Cent. Consols.. 86+ Belrrian 5 p. Cts. 761 7, Mexican 6p. Cents. 26 27 Ditto fer Account... 87+ -; 'Indian a per Cts. 484 Por! eguese 5p. Cts. 49 50 New 31 p. Cent. Ann. 93194 Danish 3 per Cents. 701 11 Do. Regency Sc. 5p.Ct.•11'• Bank Stock 1924 3+ Dutch 21 per Cents. 42; Prassian(1.818)5 p.Ct.- - India Stock - - French 3 per Cents. - - Russia u(iS2) 51,-Ct. 10011 Exchequer hills 41 42 Greek (1825)5 p.Cts. 28 30 Sintuish(1821) 5 p.Ct. 16+
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