MONEY MARKET.

Sroca EXCHANGE, FRIDAY AFTERNooN.

There has not occurred any material change or business of importance in the English Funds during the wzek ; Consols for Account having only fluctuated from buyers to sellers at 1004. The Three-and-a-quarter per Cent Stock has become a greater favourite with the public ; improving consequently from 4 to

per cent, while the others have been stationary. This rise has not been occa- sioned by the occurrence of any remarkably large purchases, but by a disposi- tion for investment among the public generally ; and is only to be accounted for upon the supposition that the reported intention of the Government to reduce the Three per Cent Stocks has given an increased value to the Three-and-a-quarter per Cents, which cannot be reduced below 3 per cents till 1844. The premium of Exchequer Bills has improved slightly, and is to day quoted as high as 60s. Money also continues abundant upon the security of Eng- lish Stock, but is in demand on loan upon the lower class of Foreign Bonds and Railway Shares. The rates of Foreign exchange have not suffered any decline ; which is the more remarkable as it was generally anticipated that the necessity of providing remittances for the payment of the instalments upon the French Loan would have affected the rate upon Paris. The arrival of the large amount of dollars from Mexico has, however, operated in keeping down that exchange. All the dollars (upwards of 2,000,000) the arrival of which we noticed by the Avon last week have been purchased by the Messrs. Roniscumns.

The transactions of the Foreign Market have been of more interest than usual, in consequence of the demand for money that arose upon the settlement of the half-monthly account on Tuesday last ; when loans were in great de- mand upon every description of Foreign Stock and Railway Shares, the rates of interest varying from 4 to 10 per cent. But no great decline in prices ha occurred ; speculators generally being sanguine in their anticipation of an im- provement, and therefore preferring to carry over their stock rather than to sell it. The Northern European Stocks are steady, with but few transactions of import- ance. Belgian Scrip also remains as at our last quotations. The Scrip of the French Three per Cent Loan is, however, rather depressed; and, though the transactions in it have been few, it is today from 4 to 3 per cent lower than last week. The influential sales noticed in our last report as having occurred in Mexican Stock, were continued at the commencement of the week, and the Active Stock was thereby driven below 36; they then ceased, and have not been resumed : but, though the price improved slightly upon the cessation of the sales, it has again fallen back, and the quotation of today is nearly at the lowest. Peruvian Bonds have risen nearly 2 per cent, and have been as high as 30. Columbian ex-Venezuela are flatter; but the Venezuela Active continues in demand, and has been as high as 444. Portuguese Converted Stock continues to rise, and has reached 584. The dividend which becomes due in January will be the last one payable at the rate of the 24 per cent per annum ; the one in July being at the rate of 3 per cent per annum : and to this circumstance, in conjunction with the present state of Portuguese finance, may be attributed the rise of 13 per cent that has occurred in the securities since the last dividend was paid. Spanish Three per Cents have improved more than 4 per cent; but the Five per Cent Active is nearly stationary. The failure of two speculators, who had been operating for the fall in the former stock, caused a demand; as the jobbers and dealers who had bought of defaulters were compelled to repurchase wherever they could when the failures took place. No other transactions of importance have occurred in this Stock. The Railway Share Market has assumed more than usual activity, and prices are in almost every case advanced : the improvement during the week has varied from 21. to 71. or 8/. per share. The most remarkable is in the Great Western, Birmingham, Midland, South-eastern and Dover, and Brighton. The South- western, although apparently about 81. below our last quotations, are in reality unchanged; as the price then given entitled the buyer to one of the newly- created shares, which now are sold separately from the old ones ; and as the new share comprehended in last week's quotation sells at W. premium, the de- cline to that extent in the price of the old shares is only nominal. The buyer of last week at 80 could now sell his old share at 72, and his new share at 8/. pre- mium; thus realizing his original price. The demand for French Shares still continues, and all varieties of them are advancing : the newer and lesser va- rieties in our market are not in much favour.

SATURDAY, TWELVE O'CLOCE..

Very little business is doing this morning in the English Funds; and as yet only one bargain is recorded in the Official List as having occurred : it is in Three. and-a-quarter per Cents at 1034; the other prices are therefore nominal. The market is firm.

Among the Foreign Stocks we have to notice an improvement in Spanish Three per Cents, which are 373 8. The other varieties are unchanged. A brisk and general business has occurred in Railway Shares, in some in- stances at advanced quotations. The following is a record of actual transac- tions: Great Southern and Western, 104 ; Great Western Half-shares, 904; Hull and Selby, 70; Birmingham, 229; Brighton, 523 4; Greenwich, 94; North British, 73; Norwich and Brandon, 123; South-eastern and Dover, 393; Trent Valley, 94 164 4; York, North Midland, and Scarborough, 313; Ditto, Extensions, 664 ; Loedon and York, 44; Paris and Orleans, 444 444; Paris and Rouen, 414 4; Orleans and Bourdeaux, 8; Paris and Lyons, 34 4; Boulogne and Amiens, 54.

3 per Cent Consols—.

Ditto for Account 3 per Cent Reduced 34 per Cents

Long Annuities

Bank Stock

Exchequer Bills

India Stock

Brazilian 5 per Cents Belgian 41 per Cents (Milian 6 per Cents

for Acct. prom

shut 1001 4 1001 4 1031 4 12 1-16 4 209 10 62 4 shut 884 94 1014 21 100 2

Colombian ex Venezuela ... Danish 3 per Cents Dutch 24 per Cents Ditto 5 per Cents ...... Ditto 4 per Cents Mexican 5 per Cents Cousd

Ditto Deferred Portuguese New 5 p. Cts.184i

Russian 5 per Cents

Spanish (Active) 5 per Cents Ditto 3 per Cents 1842 144 4 89 90 634 44 994 974 8 361 4 164 4 571 84 118 20 264

394

The weekly account of the liabilities and assets of the Bank of England to the 14th instant, does not afford any subject for remark ; unless it be the in- crease of bullion, the amount of which is rather more than 100,0001. greater than last week : this item has been on the increase for the last five weeks, and is now within a trifle of what it was on 5th October, namely, rather over 14,000,000/. The monthly return of the Scotch and Irish circulation, to the 7th instant, exhibits an increase of about 320,000/. since 9th November; of which rather more than 200,000/. is in the Scotch and the remainder in the Irish circulation. SATURDAY, Two o'cLoex.

The English Funds close rather heavier than they have been during the day, there being sellers of Consols for Account at 1004. Exchequer Bills have improved to 64s., and Bank Stock is quoted at 210 for Account.

In the Foreign Market, Spanish Three per Cent Stock is in great demand, having been at 384, and closing at 38 4; the Active are about 26. The business in the Railway Share Market has been very extensive, and in many instances prices have undergone a still further advance ; as will be seen by the following list of bargains that have occurred in addition to those given in the morning: Birmingham and Gloucester, 93; Bristol and Gloucester, 374 64; Great Southern and Western, 114; Eastern Counties, 144 4; Edin- burgh and Glasgow, 62; Great North of England, 1264; Great Western, 151; Ditto, Half-shares, 91 ; Ditto, Fifth-shares, 284 ; Hull and Selby, 70 ; Birmingham, 230; Blackwell, 64; South-western, 753 76; Croydon, 1634; Midland, 113; South-eastern and Dover, 403 4 3 i; Trent Valley, 94 114; Strasburg and Basle, 134: Mocaubas and Cocaes United Mining Shares, 5.