MONEY MARKET.
STocio Eseloopeit; FRIDAY ARTREHotoi.
A belief has prevailed this week of an early reduction by the Bank of England in their rate of discount. This feeling has been promoted through a return to flatness in the Corn-market, and the expectation of further arrivals of specie, while the present contraction of trade creates little de-, mend for discounts. Money is obtainable on Government Securities at tibout 3 per cent; the India Company are endeavouring to employ sums at that rate for two months ; and the banks and discount-houses are now less will- ing to YeeeiVe money at call at former rates. This increased ease has pre- vented any permanent decline in the Funds ; which were once lower this week, owing to anticipated difficulties at the Vienna Conferences. Consols on Wednesday receded to 92f, sellers : they have been since done at-93k , and are today 93, and 93f for the Account. Speculations for the fell caused, the Funds in Paris to be heavy early in the week, and they declined nearly 1 per cent ; latterly they have recovered,-on the announcement of the in. tended visit to England of the Emperor and Empress. The French rate of exchange is rather lower, but it creates no uneasiness. The Parliamentary rant for a loan to Sardinia will occasion an immediate payment from the Treasury of 1,000,0001., and a similar sum a•year hence. The average amount of Bullion in both departments of the Bank of England, for the month ending the 17th of February, was 12,723,212/. This shows a de- crease of 327,7001. compared with the preceding month, and a reduction of 3,593,472/. in comparison with the same time last year. The Dividends due next month at the Bank will be paid two days later than usual, namely; on' the 10th of April, instead of the,8th, through the intervention of Good Friday and Sunday. Specie has been received this week from the United States amounting to 363,000/. The exports have been about 71,0001.
In Foreign Stocks, nothing has occurred to break the inactivity that has now so long existed ; and the only feature of interest has been an improve- ment of 3 per cent in Venezuela—it is now 27 9. All the leading Securities are without alteration. The half-yearly dividend on the Turkish loan has been advertised for payment : but this had been anticipated, and produced no effect on the Stock at first, and it is now I better.
The Railway Market has presented a total absence of speculation ; the' quotations consequently have shown no variety, and the dealers are corn.' plaining for want of business. The settlement of the Account took place yesterday, and was easily arranged. London and North-Western are 99 100t, and, like many other shares, bear a similitude to the current quota- tions of last week. Foreign Shares are a little better, but they move with caution.
BATUIDAY. TWELVE O'CLOCX.
The large increase of 720,4031. in the bullion as exhibited in this week's return by the Bank of England having been anticipated in some measure,
hashed no influence on the Funds, which are about the same as yesterday. Consols for Money are 92f 3, and for Account 93 1. Exchequer Bills 6 9. L.c.Foreign Stocks, no change has occurred. Turkish is arm at 80f 1. Rail- ways are rather dell, and only two bargains have been recorded at present- Ambergate, 41; and London and South-Western, 83f.
3 per Cent Consols 921 3 Danish 3 per Cents 81 4 Ditto for Account 93 h Dutch-21 pee Cents 62 4 8 per Cent Reduced shut Ditto 4 per Cents' 93 5 New 3 per Cents shut Mexican 3 per Cents 201 1 Long Annuities shut Peruvian 44 per Cents 70 2 Bank Stock shut Ditto 3 per Cents 50 2 Exchequer Bills 6 9 Portuguese 4 perCents 42 4 India Stock 223.8 Russian. 5 per Cents 99 101 Austrian 5 per Cents7 84 7 Ditto 44 per Cents 89 91 Brazilian 5 per Cents 101 3 Spanish 3 per Cents 864 7 Belgian 41 per Cents ....... 92' 4 Ditto Deferred 184 4 Chilian 6 per Cents 102 4 - Sardinian 5 per Cents 86 13 Danish 5 per Cents 101 8 Swedish 4 per Cents 86 9
Previous page
