MONEY MARKET.
STOCK. ILI:CHANGE, FRIDAY AFTEWN0011.
The Money Market evinced great elasticity during the early part of the week ; and our Tuesday Consols for account were as high as 90?i. This rise has been occasioned principally by the state of the speculative accounts; most of the dealers in Stock having been led from the recent political rumours, to shape their operations with a view to a fall in prices ; and as no supply of Stock has been brought to market, but the demand for investments has been daily on the increase, a species of upward panic hasi -ken place. The speech of the King of the French, on the opening (d the Chambers, was anxiously looked to; and it was generally expected that the tone adopted on this occasion would have been Such as to have indulged stronger hopes for the preservation of the peace of Europe. The negative character of this production has operated untlivourably on the prices of the Funds, both here and at Paris. Consuls for Account have been as low as 89:4; at which price a sale of upwards of 200,000 took place, and dose at 69 90.
Money, which was rather in demand in the early part of the xvrek, has since l
become more plentiful. Be the establishment of the Lonen and Viestminstcr Paok, the business of whirl will speedily commence, an expi,riment is about to he tried, by the introduction of the Scotch system of banking into the Metro- polis. Opinions vary materially as to the applicability of the system to our encdes of commerce ;- but the success which has attended it in Scotland is sonic guarantee against its failure in London ; and however the icalousy of rival traders may be excited by the introduction of powerful competitors, into a spe- cies of business which has long been considered as the property of the nu):mites of the commercial world, the public cannot fail, in this, as in all ether tiansac- tious, to reap extended benefit from increased competition. In the Fereign Market, the fluctuations have not been so extensive as in the English Fonds. The market for Dutch Stock in Amsterdam still keeps up ; and large parcels have been sent from hence in the course of the week. The price of the 21 per Cents, has been as high as 51i - but that quotation has not been maintained. The formidable opposition to the. Government, which seems to be springing- up in the States-General has rather shaken the confidence of some of our capital- ists; the demand to day has been readily supplied, and the closing price is Some transactions have occurred in Russian Bonds : the price of these secu- rities has been 104 104 for the last few days. The intelligence from Mexico Juts caused a rise in the price of the Stock, and the 6 X in Cents, are quoted i. The United Mexican Mine Shares are rather lower, m consequence of a seizure to the extent of 35,000 Dollars, the property of the company, having been made by the belligerents. The intelligence from the Mining districts is generally fa- vorable.
Letters have been received from Lisbon to the 19th of December. Nothing had occurred in the way of military operations; but some discontent was ex- pressed on account of the arbitrary conduct of Don Prmao to the Conde de T.:Lusa. The position of Don MrouEL at Santarem is represented as very strung; and the people at Lisbon as ardent on the Queen's side. It was not expected that military operations would be resumed for some time. The Re- gency Stock (the market for which was heavy, on account of previous sales) has become depressed, and has been as low as 56i. Spanish Stock was steady in the early part of the week at 23/1, but has declined to-day to '23 The letters from 'Paris inform us, that several formidable Guerilla parties are still on foot for Don Ca asos.
" SATURDAY TWELVE o'Cr.ocir.
The letters of Thursday, front Paris,. having brought intelligence of an im- provement of '25 cents in the price of the 3 per Cents, in that city, an impulse has been given to our.market, and Consols for account have been 90k, but are tow 893 90. The business transacted has been quite unimportant. In the Fo- reign Market, the prices are nearly the same as yesterday, and the transactions 4mv and unworthy of remark. SATURDAY, Fouts ect.oett.
A considerable supply of Money Stock has caused a depression in the Cons& Market, and the price has been as low as 894. The market has since rallied, and the closing price is 89 90. A rumour has been prevalent here, in the course of the afternoon, that a laige contract has been entered into both by the manufacturers in London and Birmingham for muskets; and as our Govern- ment is not concerned in the negotiation, it is supposed that these arms are des- tined for Russia. In the Foreign Market, the prices of Stocks are much the same as in the morning, with the exception of SpauiSh, which is heavy, and closes at 221.
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