MONEY MARKET.
STOCK EXCHANGE, FRIDAY ArTEaNOON.
The business of the week has been upon the usually limited scale, and the fluctuations of the English Funds have been quite unimportant ; Consols for Account having only fluctuated between buyers and sellers at 89. Consols for Money have been done at 894 and 90, notwithstanding the books are at present closed : there also appears to have been a demand for Money Stock, Reduced Three per Cents. having been done at 89 : today, however, the market is not so firm, and Reduced are 88-i I. Consols for Account are still 88i 89. Ex- chequer Bills, which have been as low as 78., have since improved to 8s to 10s.; but are heavier today, and are quoted 7s. to 9s. Bank Stock is the same, 16911 and 170.
A meeting of the Shareholders of the British Iron Company was held yes- terday; when, after considerable discussion, the meeting was again adjourned, to receive the report of a Committee appointed to inquire into and report upon the accounts. Some very voluminous accounts were exhibited at the meeting. The shareholders seem to be well convinced that their property is really value- less, since they are now giving 5/. per Share to be rid of the liabilities with which they have been saddled : for though 601. has been paid upon the Shares, they have been actually sold at 65 die.
The business of the Foreign Market has not been more extensive than the English. The South American and Spanish Securities have given way more than 1 per cent., in consequence of an extensive sale of these descriptions of stock by the executors of a gentleman lately deceased ; Columbian Bonds having on that occasion been depressed to 20i. A reaction has since occurred, and the price has improved to 21i; but has again given way to 20; 21. In addition to the operation above alluded to, other depressing causes have been at work upon Spanish Stock. The appointment of ESPARTERO to the sole Regency does not appear to have had the effect anticipated, and the Government seems to be as weak as ever. The local stock has therefore declined ; and the few bargains that occur in Active Stock in Paris have been at lower prices. Our speculators have consequently lost heart under such an accumulation of ill; and as stock has been thrown upon an enfeebled market, the natural result,,a fall in price, has occurred. The Bonds have continued to fall daily, with but slight reactions until today ; the price has been as low as 22/1: the market, however, assumed a better appearance in the afternoon, and closed at 22; Portuguese Bonds have given way about 1 per cent., but without the occurrence of any business of importance. The Five per Cents. may be quoted at 33 to i; the Three per Cents. at 194 20; and the Five per Cents. 1841 at 271 24. By the last advices from Rio de Janeiro, which are to the 17th April, we learn that an almost total change of Ministry bad recently occurred. The only circumstance of interest to the British Stockholders, arising out of this change, is to be found in the circumstance of the new Minister of Finance, Don CAMOND DEL ALMEDA, being well known to the English capitalists, and enjoying the confidence of some of the most extensive and influential holders of Brazilian Stock. We cannot, however, notice any transactions of impor- tance in this Stock, or indeed in any other of the Dividend-paying Stocks.
SATURDAY. TWELVE O'CLOCK.
Very little business of any sort has been doing this morning, and the prices of the English Funds generally are the same as yesterday. In the Foreign Market, where the attention of the brokers and jobbers is principally taken up by the arrangement of their accounts in anticipation of the settling-day, Spanish Active Stock, which still continues its downward movement, and is 221 Brighton Shares are also affected by the near approach of the settle- ment. and the price is now 151 to 5/1 discount. Money is in demand, but not
exceedingly scarce, though upon some of the minor descripfion of Railways it commands an interest after the rate of from 10 to 15 per cent. per annum.
SATURDAY. FOUR O'CLOCK.
The usual monotony of the afternoon has been relieved by a purchase of 75,0001. Reduced Three-and-a-half per Cents. : this operation has increased the price of the particular stock i per cent., viz. from 97} to 98, and has also given firmness to all the other English Stocks, Reduced Three per Cents, bas- in.' been done at 89 for Money, and there being buyers of Consols for Account at 89. At the close of business, Exchequer Bills have declined to 5s. prem., and close at 58. to 7s. prem. In the Foreign Market, Spanish Active, which bad been depressed to 24 has rallied again, and after being at 22i I, closes at 22; 4, The others are without variation.
a per Cent. Ceusols Ditto for Account 3 per Cent. Reduced
at per Cent. Ditto
New 34 per Cents Bank Stock Exchequer Bills ..... ....... ludia Stock
Brazilian 5 per Cents
Belgian Stier Cents
shut 881 9 891 I 974 4 shut 169 170 7 9 pm. shut
68
100 1 Columbian 6 per Cents Danish 3 per Cents Dutch 24 per Cents
Mexican 5 per Cents. COWL Portuguese Regency to per Cts.
Ditto New 5 per Cents. 1811 Ditto 3 per Cents Russian 5 per Cents..... Spanish (Active)
214 771 Si 521 4 274 33} 284 I 191 20 1124 134 =4 4