THE MONEY MARKET.
STOCE EXCHANGE, FRIDAY EVENING.—When things are at the worst "they'll mead, they'll mend," quoth our friend Bai/lie Macwheeble ; and so shall we venture to affirm of our ntock•siarket ; but whether it be yet arrived at this mending point, is more than we shall venture to assert. On the contrary, we are compelled to Itlat our fears, that things are not yet at the worst, although for the presentthe as pect of affairs Israther morecheerrui than it was at one-period of last week. Indeed our wpinjoa 1,srighat had& notbeen' for some yetyslarga.purchases tif Money, ,stook 'lade dating this week, for, ails believed, one er mo.re.,ot the scotekt Banks, prices would not have been maintained at anything like their present level: In different times, purchases to such extent as those would have created a great effect upwards ; at present, all that they have done, or appear to have done, is,to stop or impede the fall for although the price of Consols was pushed up during their progress to S31, it be- gan to recede so soon as they were completed, and returned to 84 before the close of yesterday. This morning, indeed, the Market wore a more promising appearance and prices rose to 84k; but it soon began to wear its own complexion, and the closing price of this evening is 824 to 84. From these circumstances, we are corn- pelted to the conclusion, that large as the purchases of the Week have been the falls' must have been as large, or probably larger, for tither Parties took the oPportunity afforded by the temporary demand; to get out of Stock to an extent which they never could have effected without causing another fall of prices. There is now no disguising the fact, that'the Bulls of 'SO:Mr—the speculators foe' arise, whether of Jewish or of Gentile persuasion—are now thoroughly convinced of the extreme insecurity of their present pbsition—in short, they are thoroughly frightened. On the other hand, it is the tactics of the adverse party to exaggerate the grounds of alarm ; and they spare no pains accordingly. For ourselves, we can only say, that if there should oc Air any well-founded apprehension of the country becoming involved in a foreign war, the present prices of the Funds are high indeed compared with what they will then fall to. If, on the contrary, we continue and shall appear likely to continue at peace, the present clouds Will, by and by, pass away, and the Bulls have their day again' Stock for present transfer was very scarce on Wednesday and yesterday ; but to-day was easily obtained. Money is "easy" enough. The Heavy Stocks keep pace with Consols; and Exchequer Bills and India Bonds are still greatly below their former level.
In the Foreign Market every thing takes its tone from the state of Consols, and that is now fiat enough. Prices are all lower this week—Russian 96, Danish 60,, Brazil 61. The South American Bonds are miserably low, and difficult of sale— Mexican 351. Colombian 18, Peruvian 14! Spanish alone is buoyant ; and the speculators stick to their hopes with remarkable tenacity. The news from the frontiers of Spain is more encouraging for them of late ; but, connected as we sus- pect the plans of the Invaders to have been with the speculation for the rise in those Bonds, all news from that quarter ought to be received with great caution. We observe a very laudable attention, in The Constitutional Proclamations, to the interest of the Bondholders, which must be highly consolatory to the latter. The closing price of the Bonds to-day was 221 to 4.
There is nothing to remark of the Share Market, but that it is flat like the others, and from the same cause.
SATURDAY, HALF PAST Tivst.ve.—Hide your dim inished heads ye Bears. Cansols left off last night as heavy as lead, and to-day is as lively as mercury. In sober earnest, there have been some large purchases, which, at one time, advanced the price to 844, then sales, which forced it down to S-13, and now purchases which have recovered it to 844, Buyers. In the Foreign Market there is no business except in Spanish, which opened briskly at 224, but has now fallen to 21i.
Bank Stock 2094 3 per Cent. Red. 831
3 per Cent. Cons. 84k 444 Ili per Cent. New 94k Consols for Acct. 84k 44 1 Long Annuities 19 11-16th Ex. Bills, 10001. 33 34 32 India Bondi
.. 61 Buenos Ayres...
Chilian .•• Colombian ....• Danish...
Greek... Mexican .......
Peruvian Portuguese ..... Russian........
Spanish 214 22 Ditto, New
!MARES. 4
Rolanos
Brazilian . 62 63 Columbian ..• • 7* 84 Anglo Mexican — United Mexican 124 13 181 592 604 28'29 3.5t 36 15 16 52 54 94 984
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