18 NOVEMBER 1848, Page 11

MONEY MARKET.

STOCK EXCHANGE, FRIDAY AFTERNOON.

The Stock Market has continued firm and to advance slowly during the whole week. The settlement of the Consol Account occurred on Tuesday. Stock was on that occasion very scans; and an advance of price occurred. Consols have fluctuated since Saturday between 86h and 861; thus marking an advance of I per cent from the highest to the lowest quotation. The highest point, 861, was not reached till today. A decline of h per cent occurred in the course of this afternoon; but a purchase of 50,0001. previously to the close of business gave a better tone to the market, and the closing price is 864 1. Money is very abundant; the current rate of interest for loans at short periods being 2 per cent. The appearance of a demand for gold, which existed in Paris for a few days, has nearly subsided. That metal is only at from to 1 per cent premium; a price which, when the coat of conveyance amounting to 1 per cent, and the loss by reexchange, are taken into account, will leave little if any profit upon its ex- portation from this country. Some rather considerable exports of silver to Hol- land have occurred recently; upon which, by a fortuitous full in the exchange, the shippers have reaped a fair advantage. The Foreign Stock Market is without material change. The Dutch and Northern European Stocks are advancing, but slowly. The scarceness of the former, however, prevents the occurrence of many transactions. Mexican Bonds are rather lower; the intelligence from the republic, brought via New York, not being so favourable as was anticipated: the range of prices for the last few days has consequently been from h to f below our last quotations. The reported ar- rival of an agent from the Peruvian Government, charged with some propositions for the settlement of the claims of the Bondholders, has given an upward impulse to the Stock; which is nominally about B per cent in advance, though we cannot hear of any transactions at the improved quotations. Portuguese Stock is firm at the quotations last given; but the transactions of the week have been The principal object of interest in the Railway Market has been the publication of financial statements of the condition of their respective railways by the Di- rectors of the York and North Midland, and York, Newcastle, and Berwick lines. The accounts themselves are chiefly remarkable for allowing only 80 per cent upon the gross tolls for working-expenses, instead of 40 per cent as in all other cases. This difference is stated to arise from the superior cheapness of fuel in the districts traversed by these lines; and though at first it has the appearance of error, is thus satisfactorily amounted for. These manifestoes have not pro- duced any favourable effect upon the Shares of the particular lines in question, but the contrary; for York and North Midland, which were on Saturday at 54, have today been as low as 48; while York, Newcastle, and Berwick, which were on Tuesday at 29, have today fallen to 244. Shares of all kinds, however, are lower; and the fall in these particular shares is not so mach attributable to the effect of the statements above noticed, as to the decline of the market generally: North- western being about 51, Great Western about 101., and Midland about Si. lower than last week. The minor class of Shares are proportionally depressed.

The accounts of the Bank of England for the week ending the 11th November exhibit, when compared with those of the preceding week, the following results-

BANKIN3 DEPARTMENT. Increase. Decrease.

-

SATURDAY, TWELVE O'CLOCK.

The English Funds are at an advance of 1 per cent upon the closing prices of yesterday; Consols both for Money and Account being 861 87. There is no change in the Foreign Funds. The Railway Shares are heavy. The following are the principal bargains occurring: Caledonian, 18/; Ditto, Preference, 4/; Eastern Counties, 12/ 113; Great North of England, 218; Brighton, 274 I; North-western, 116 115; South-western, 401., 25; Midland, 793; Ditto, 504 93; Reading, Guildford, and Reigate, 93; Scottish Central, 25.

3 per Cent Consols 861 7 Danish 3 per Cents 62 5 Ditto for Account 86/ 7 Dutch 21 per Cents 451 61 3 per Cent Reduced

854 E

Ditto 4 per Cents 70 1 31 per Cents

861 4

Mexican 5 per Cents 1846... 21 4 Long Annuities 81 New Grenada 12 13 Bank Stock

Portuguese N. 4 per Cents 1842 234 44 Exchequer Bills 38 42 pm. Portuguese Old 1824 68 70 India Stock

Russian 5 per Cents 981 1001 Brazilian 5 per Cents 72 4 Spanish (Active) 5 per Cents 114 I Belgian 44 per Cents 71 3 Ditto 3 per Cents 1842 234 # Buenos Ayres 20 3 Venezuela 14 16 Chili= 6 per Cents 835

Rest £3,229

Public Deposits £1,422,643

Other Deposits

147,348 Seven-day and other Bills

6,882 Government Securities, Including Dead-weight 560,000

Other Securities

47,824 Notes unissued 652,300

Actual Circulation —

47-7,755

DMUS DEPARTMENT.

Notes issued 164,545 — Bullion 271,211 —

This week. Last week.

Total Bullion in both Departments 13,678,754 13,407,553 Actual Circulation 18.066,330 18,554,085