MONEY MARKET.
STOCK EXCILLNOP, FRIDAY AFITINOON.
The operations in the English Funds have been unimportant; and we cannot notice any change in prices. Exchequer Bills are heavy, and the premium of these securities has fallen to 598. to 618. premium. In the Foreign Market, the only circumstance of importance affixting the cur- rent varieties of Bonds has been the notification that Messrs. Baruigs have accepted the agency of the State of New Grenada, and that all the arrangements consequent upon the conversion of that portion of the Colombian Debt allotted to the divided State will be conducted by the firm in question. This circumstance, as being considered to impart great respectability to the whole transaction, has given an impulse to the Bonds; and they have improved about 1 per cent. The Portuguese Bonds, both of the Three per Cent and Four per Cent Loan, are lower, in the absence of any transactions of importance. The conversion of the existing Three per Cents into Four per Cents makes progress; and it is stated that between two and three millions have already been converted.
The speculation in Railway Shares has been chiefly confined to those lines now undergoing the Parliamentary ordeal, and of these the fluctuation in the Cam- bridge and Lincolnhas been the most remarkable: the adverse decision of the Committee depressed the shares from 7 premium to 4 premium in the first in- stance, and the price has since fallen to 2i, rallying again to 4, and closing this afternoon about ah. The parties interested in this line still hope that it may be carried through this session; but the prevailinp opinion appears to be, that in com- mon with the two contending York lines it will be postponed. The business of the French lines has been unimportant, with the exception of a sale of 800 shares of Ganneron's Paris and Lyons, which has depressed prices; but these, as well as all the uneoneeded French lines, are heavy. The Paris and Strasburg (Ganneron's) Company have issued a prospectus, stating, that in consequence of an increased capital being required for the purposes of the line, the old shares will be called in and new ones issued; the exchange to be made on or before the 20th instant. Two new Belgian schemes have appeared—the West Flanders, and Dendre Valley.: the former has risen to 3 premium, and the latter to abottt 1; but these are the only exceptions to the general decline in Foreign Shares.
A meeting of the Proprietors of the Bank of Australasia was held on Monday, and the accounts submitted to it were of a very different character from • those. which the proprietors have hitherto been accustomed to receive. The guarantee fund appears to have been entirely absorbed; and the Directors felt themselves called upon to recommend the declaration of a dividend for the current half-year at the rate of 6 per cent only, instead of 8 per cent as on all previous occasions; and to accompany this recommendation with an intimation that a still further re- duction'of the dividend may be requisite. The Shares, which had recently been 42, haie fallen to 35, and may be considered as heavy at that price.
SATURDAY, TWELVE O'CLOCK.
The English and Foreign Funds are without change. The business in Rail- way Shares has been as yet unimportant, the attention of the brokers and dealers being chiefly occupied in arranging accounts for the approaching settlement. We can as yet only notice the following bargains: Birmingham and Oxford, 4i; Cambridge and Lincoln, 5; Chester and Holyhead, 16i; Brighton, 73* i; London andYork, al; Manchester and Birmingham, 584; Rugby, Worcester, and Tring, 2; Scottish Central, si; South-eastern andDover, No. 3, New, 4.
3 per Cent Consols • . • • • • • • shut. Columbian ex Venezuela...
161 17
Ditto forAccount 991 1 Danish 3 per Cents 89 90 3 per Cent Reduced 31 per Cents
991
102 1 Dutch 2* per Ceuta Ditto 5 per Cents 631 1 Long Annuities 1 If * Ditto 4 per Cents 98 9 Bank Stock for Account ... 211 212 Mexican 5 per Cents 361 71 Exchequer Bills prem. 602 Ditto Deferred
201 21
India Stock
Portuguese New 5 p. Cts.1841 66 7 Brazilian 5 per Cents 89 90 Russian 5 per Cents 118 19 Belgian 41 per Cents 95 100 Spanish (Active) 5 per Cents 281 a Chili= 6 per Cents 98 100 Ditto 3 Cents 1842 411 1
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