2 JUNE 1849, Page 9

MONEY MARKET.

STOCK EXCHANGE. FRIDAY Arms:can.

The East India Company have given notice of their intention toreduce the inte- rest of their Bond Debt from 41. 10s., its present rate, to 31.10s. per cent. The redaction to take effect from the 33 June 1850, upon all bonds which shall be sent to the East India House to be marked on or before the 30th November 1849; all bonds not so marked will be liable to. be paid off on the 3d June 1850, from which day the interest will cease. The English Stock Market has been gradually rising ; the price of Console both for Money and Account having today reached 913, being an advance of per cent from the closing quotation of last week. This improvement is mainly owing to the extreme abundance of money ; which is still obtainable upon first- rate security, by way of loan for short periods, at rates varying from 13 to 23 per tent per annum. The tone of the letters from Paris has been much better than it was last week; and the Money-market in that city is in a less disturbed state than previously: the price of the Five per Cents was yesterday 81 20, being about 3 per cent lower than the prices of that day week. In the Foreign Market generally, prices are higher. Spanish Stock has re- ceived an impulse of more than 1 per cent, by a report of the contem- Plated resignation by the Conde de Montemoliu of all further pretension to the Spanish throne, in consideration of the receipt of an annual allowance. Advices have likewise been received from Commissioners at Madrid, sent thither on behalf of the Dutch holders of Spanish Stock to press their claims upon the Spanish Government, giving a very hopeful account of the disposition of the Fi- nance Minister. Notwithstanding the want of substantiality in all these proceed- ings, the hopes of the speculators have been excited by them. Portuguese Bonds are rather firmer: the transactions in them have been limited, but a slight de- mand has occurred for Bonds for the Dutch market. Both varieties of Dutch as well as Russian Stock are firmer. Indeed, all the better class of Foreign Stocks are more in demand. Mexican Bonds were yesterday about 1 per cent lower, in consequence of the pressure of stock upon the market occasioned by the failure of two brokers, whose principals had been operating for the rise and had deserted them: the quotation is higher today, but the business of the week has been unimportant. The Share Market is rather firmer; the prices today, for most of the principal Shares, being about the same as those of Saturday. A downward fluctuation to the extent of from 11. to 21. has occurred; but the market has assumed a firmer appearance both yesterday and today. Eastern Counties have advanced, in con- sequence of Mr. Hudson's letter.to the shareholders, and are today quoted as high as 83. The French Shares, after a slight advance which has not been main- tained, are today generally at the prices of last week.

SATURDAY, TWEL VS O'CLOCK.

The French Funds rose 3- per cent in Paris yesterday, and our own Stocks are consequently rather firmer this morning, the opening price and present quotation of Consols both for Money and Account being 913 3. In the Foreign Market, the only change is in Spanish Stock, which is not quite so high as yesterday. The Railway Shares are without any transactions of importance; the appear- ance being rather better. The following are the only transactions yet recorded: Bristol and Exeter, 624; Eastern Counties, 83; North Staffordshire, 123.

' Danish 3 per Cents 66 8 Dutch 21 per Cents 49 50 Ditto 4 per Cents 76 7 Mexican 5 per Cents 274 4 New Grenada 16 17 Portuguese N.4 per Cents 1842 27 8 Portuguese Old 1824... 75 7 Russian 5 per Cents 101 3 Spanish (Active) 5 per Cents 161 171 Ditto 3 per Cents 1842 331 i Venezuela 22 5 The accounts of the Bank of England for the week ending the 26th May exhibit, when comp tred with those of the preceding week, the following results- BANSIN3 DEPARTMENT. Increase. Decrease.

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BANG OP ENGLAND. An Account, pursuant to the Act 7th and 8th Victoria, cap. 22, for the week ending on Saturday, the 26th day of Bay 1849. ISSUE DEPARTMENT.

Notes Issued £27,500,131 Government Debt £11,015,1(0 Other Securities 2,961.900

Gold Coln and Bullion 13,178,368

Silver Bullion 033,569

£27,500,136 137,690,136

NANKING DEPARTMENT.

,C33,940,709 £33,910,789 • Including Exchequer, Savings Banks, Cconntiesionersof National Debt &Dividend ACCM.

3 per Cent. Consols 911 ¢ Ditto for Account

911 4

3 per Cent Reduced 901 31 per Cents 911 Long Annuities 8 9-16 1 Bank Stock 193 5 Exchequer Bills 43 46 pm.

India Stock

Brazilian 5 per Cents 77 9

Belgian 41 per Cents

78 80 Buenos Ayres 35 7 Chillan 6 per Cents 90 2 Rest

£5,789 Public Deposits £568,710 — Other DeNsits

230,529 Seven-day and other Bills 8.539

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Government Securities, Including Dead-weight 90,438 — Other

.Securities

40,829 Notes unissued 228,030 — Actual Circulation

245,600

-- ISSUE DEPARTMENT.

Notes issued

17,570 Bullion 45,713 —

This week.

last weak.

Total Bullion in both Departments 14,397,166 14,3.51,453 Actual Circulation 18,469,200 18,714,800 Proprietors' Capital

Rest

Public Deposits. 6,370,836

Other Deposits 9,,766,000

Seven Day and other Bit 1;110,332

414.553,000 Government Securities, ([n- 8,111,602 eluding Dead VrelglitAnnuityltii,175.607 Other Securities 9,837,316 Notes 9,030.933

Odd and Silver Coln 897,031