MONEY MARKET.
STOCK EXCHANGE, FRIDAY Anew:owe The English Stock Market has been heavy for the whole week, and con- tinues so. The fluctuation has been insignificant ; the variation in the price of Consols has not exceeded 1 per cent ; the closing quotation this aftentoon being 961 f . The rate of discount continues unchanged, though on one or two recent occasions the demand for money in the Stock Exchange has in- creased. The Exchequer Bills have given way ; having been done today at 44 premium. For a very long time this market has been in an unsatisfactory state ; being continually subject to the pressure of a large quantity of bills, thrown upon it by sellers, while the demand for investment appears to have lessened. The premium at which Exchequer Bills are current in the mar- ket has consequently been in a state of gradual depreciation. Thus, about this time last year, with the other Government Securities nearly at the same price, the premium of Exchequer Bills was about 70e.. per cent, while today it is from 448. to 49s.,—indicating a decline in comparative value of more than 1 per cent. There is no apparent reason for this depre- ciation, unless one can be found in the facilities afforded by the Joint Stock Banks ; which, by allowing interest upon deposits, provide a mode of tem- porary investment by many preferred to the Exchequer Bills. The transactions in the Foreign Market have been of the usual character. , Sardinian Scrip has been but little dealt in, and after slight fluctuation has today reached par. Russian Four-and-a-half per Cent Bonds are in de- mand, and becoming scarce ; the price having reached 1011. Mexican Bonds are rather firmer, and have today reached 31k. Portuguese Bonds are with- ' out change, and are now quoted ex-dividend. Spanish Stock has been sub- ject to some fluctuation, but no business of importance has been done in it. The Share Market has much improved in character during the lust few
days. This remark is not intended to apply solely to the general advance of price observable, but also to the difference in the tone of the market. Upon the settlement of the account on Wednesday and yesterday, the demand for Money was much smaller than usual, and scarcely any exorbitant rates of interest were paid to carry over shares to the next account. In some cases, Shares were scarce, and the price higher for Money than Account. The greatest rise has been in Midland, which have advanced about 4/. All the more important shares are higher, though a slight reaction occurred this af- ternoon. The French Shares have been steady ; though some large transac- tions have occurred, the variation in price has not been important.
SATURDAY TWELVK O'CLOCK.
There is no change in the prices of either the English or Foreign Funds, all of which are nominally at the quotations of yesterday. The Share Mar- ket opened heavily, almost every kind of share being freely offered at front 108. to 1/. lower than yesterday. The transactions at the low prices have not, however, been extensive. The following are the principal transactions —East Lancashire, ma Great Northern, 171 ; Great Western, 841 ; North- western, 1241 31 ; Midland, 42k 42; South-eastern, 221 ; South Wales, 28.
SATURDAY, Two o'Czocx.
The English Stock Market closes at the morning's quotations : the business has been insignificant. In the Foreign Market the transactions of the morning have been unusually limited; the following are the only transac- tions officially recorded—Brazilian 901; Ditto 1829, 891 ; Ditto 1843, 88 ; Danish Five per Cents, 104f ; Mexican, 31k 31; Peruvian 90; Russian Five per Cents, 114; Dutch, Four-and-a-half per Cents, 1011 1; Spanish Active, 11; Dutch Four per Cents, 931 21 931. The Share Market improved during the day ; but a downward reaction afterwards took place, the closing quotations being little if anything in ad- vance of those of the morning. The following are the principal bargains recorded—Aberdeen, 10k ; Chester and Holyhead, 111 ; Eastern Counties, 61; East Lancashire, 141; Great Northern, 17/ ; Ditto Half-shares A Deferred, 51; Ditto Half-shares B 6 per Cent, 12+ Great Western, 841 ; Ditto New, 17/., 141; Lancashire and Yorkshire, 48k; London and Blackwell, 61; Lon- don Brighton, and South Coast, 931; London and North-western, 124; London and South-western, 84; Midland, 42k ; Ditto 50/. Shares, 141; North British, 61 ; North Staffordshire, 71 ; Oxford, Worcester, and Wolver- hampton, 144; South-eastern and Dover, 221; York, Newcastle, and Ber- wick, 18/ ; Ditto Extension, 131 ; Ditto G. N. E. Purchase or Preference, 6 ; York and North Midland, 181 ; Reading, Guildford, and Reigate, 21+ Roys- ton and Hitchers 81; Eastern Counties Extension 5 per Cent. No. 1, k prem.; Great Northern, 5 per Cent., 131; York, Newcastle, and Berwick, G. N. E. Purchase, 16; Boulogne and Amiens, 10a ; Orleans and Bordeaux, 4; Paris and Rouen, 251; Paris and Strasbourg, 111 ex interest; Tours and Nantes, 61.
3 per Cent Consols 961 Danish 3 per Cents 76 8 Ditto for Account 961 4 Dutch 21 per Cents 591 60 3 per Cent Reduced 974 4 Ditto 4 per Cents 93 1
Long Annuities
Si) 90
Bank Stock
31 per Cents 981 / Mexican 5 per Cents 1846 .. 31 1 71 7-16 Peruvian 6 per Cents 215 16 Portuguese 4 per Cents 1842 32131 Exchequer Bills 44 47 pat. Portuguese 5 per Cents 1824. 86 88 India Stockper Cents 113 15 - Brazilian .5 261 3 Russian 5 per Cents 89 90 Ditto 41 per Cents 101 *1- Chilian 6 per Cents (Active) 5 per Cents. 211 11 Belgian 41 per Cents 90 2 Spanish (Ac Danish S 5 , Ditto 3 per Cents 1842 38 1anish 5 per Cents 104 5 Venezuela
30 2
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