22 JUNE 1844, Page 10

MONEY MARKET.

STOCK EXCHANGE, FRIDAY AFTERNOON.

The determination of the Conservative party to support Sir ROBERT PEEL in his call upon the House of Commons to rescind the hostile vote of Fri- day evening, became known in the City before the close of business on Monday, and caused an immediate though trifling advance in the price of the Public Se- curities: the impulse thus given has since been maintained, and a further im- provement has occurred ; the closing price of today being per cent above that of last week. Money still continues as abundant as ever, and will be more so mon the issue of the July Dividends. The premium of Exchequer Bills con- tinues the same. Bank Stock is quoted between 197 and 198. There does not appear to be quite so much confidence here in the power of the Government to tarry through the Bank Charter Bill; and it is stated that, in deference to the strong opposition of the agricultural interest, some modification in that portion of it which regulates and limits the circulation of the Country Banks may be expected. The demand for Bank Stock is consequently not so great as it has been; and though there is no immediate quantity pressing upon the market, it is not so buoyant as recently. The Belgian Government have issued proposals for a loan of 80,000,000 francs, or about 34 millions sterling. The money is to be raised in a Four- and-a-half per Cent Stock, for which the Government have intimated their willingness to receive offers, and have declared their minimum price to be 104. There is an allowance of per cent commission, and one of discount, at a rate to be hereafter declared, upon immediate payment of the instalments ; which, assuming the discount to be at the rate of 3 per cent per annum' reduces the price to about 1014. The latest day for receiving the biddings at Brussels will be the 29th instant. The Bonds to be issued will be entirely in francs— viz. in Bonds of 1,000 and 2,000 francs, and not in sterling money, as is the case with the existing Belgian Five per Cent Stock. The price of this latter stock in the market is 1044 ; and as in October next it will be converted into a Four-and-a-half per Cent Stock, its present price is a good criterion of the value of the newly-created loan, which hence may fairly be estimated at 104. Buyers will, of course, be readily found at the proposed terms. We should add, that the proceeds of the loan are to be applied in liquidation of the claim of Holland upon Belgium, and thence to the cancelling of the Dutch Debt. The transactions in the Foreign Bonds generally have been very unim- portant; as indeed have those of the English market. The prices of most of the current varieties are today but slightly differing from those of last week; and nothing has occurred to call for particular remark.

The business in Railway Shares has been on a less extensive scale than usual.

The depression in the French lines has, as we anticipated, been of short dura- tion; and prices have, after receding a little from the closing quotations of last week, recovered again ; the principal shares being today quoted within about 15s. per share of the highest quotations. The speculators here had all sold largely, in consequence of the decline in Paris; hoping to get the shares hack at a lower price. But the sudden change for the better there has produced& corresponding movement here, and no shares are now to be had unless at ad- vanced prices. Nothing of importance has occurred in this market. Specula- tion has carried prices in many instances to too high a point ; and as some of our leading lines are threatened by competition from the formation of new rail- ways on a less expensive scale, the demand for investment is not so great as it

has been. SATURDAY, TWELVE O'CLOCK.

We are without any business of importance either in the English or Foreign Funds. The English securities are at an advance of per cent upon yester- day's prices; and there are buyers of Consols at 981 for Account. The transactions in Railway Shares are quite unimportant, and have been confined to the following : Birmingham and Gloucester, 924; Birmingham, 2184; Brighton, 464; Midland Counties, 934; Yarmouth and Norwich, 22i ; Paris and Orleans, 384. SATURDAY, TWO o'or.ocr:

The English Funds close at the morning's quotations. Bank Stock has been done at 1984, ond since at 1974. In the Foreign Market, Spanish Stock

has improved about per cent ; and the little business transacted in other Stocks has been generally at slightly improved quotations, in consequence of the firm appearance of the-English Funds.

The following bargains have occurred in Shares, in addition to those given

in the morning. Mines—Bolanoe, Scrip, 64 ; Santiago de Cuba, 24: Banks— British North American, 42: Union of Australia, 264: Railways—Birmifig- ham and Gloucester, 93; Dublin and Cashel, 54; Eastdrn Counties, Ni gistered, 134; Great North of England, 1014 101; Great Western, Half- Shares, 78; Ditto, Fifths, 224; Hull and Selby, 114; Birmingham, 218; Black- well, 7i ; Greenwich, 74; South-western, 86; Midland Counties, 934; Paris and Orleans, 384; Paris and Rouen, 384; Orleans Tours and Bordeaux, 244; South-eastern and Dover, 354 35; Ditto, New, 104 11; York and North Midland and Scarborough, 20; Yarmouth and Norwich, 24.

3 per Cent Consols Ditto for Account 3 per Cent Reduced 31 per Cent Ditto.

New 34 per Cents Bank Stock Exchequer Bills prem.

India Stock Brazilian 5 per Cents Belgian 5 per Cents Chilian 6 per Cents shut Colombian ex Venezuela 134 981 4 Danish 3 per Cents 88 9

99* 1 Dutch 21 per Cents 614 2 1021 4 Ditto 5 per Cents 1001 I shut Mexican 5 per Cents Coned 341 1

1974 81 Ditto Deferred 1+11

73 5 Portuguese New 5 p. Cts.1841 46474 shut Russian 5 per Cents 1174 184 814 24 Spanish (Active) 5 per Cents 231 4

103 4 Ditto 3 tier Cents 1842 341 5 103 5 Venezuela Active 391 404 —

The usual monthly statement of the average liabilities and assets of the Bank of England for the three months ending 15th instant, appeared in the Gazette of last night. The only point worthy observance is a decrease of 110,000/. in the amount of bullion as compared with the last report.