MONEY MARKET. STOCK EXCHANGE, FRIDAY AFTERWOON. The approaching iasue of
7,000,0001. of money consequent upon the payment of the January Dividends, has caused an improvement in the Money Market, and all descriptions of public Securities have improved in price ; the quotations of almost all the Government Stocks haying advanced A per cent. Exchequer Bills are also higher, and have been done to-day at 2s. prem. Bank Stock, however, continues unmoved, and has been quoted at 1774 and 178. Long Annuities appear still to be in demand, and are at 14 1-16th. 'Money is more plentiful than it lots been for sonic tune, and discounts are now currently ob- tainable at 51, per cent. It was anticipated that the Bank Dirertors at their meeting of yesterday would have reduced their rate of discount to per cent.; but this anticipation was not realized ; indeed, unless a very sudden and nil- looked for augmentation in the stock of bullion should take place, we can hardly suppose that the Directors will be enabled to venture upon this step for some time to come.
In the Foreign Market, there has been considerable fluctuation in Dutch Two-and-a-half per Cent. Bonds, which are to-day at an improvement. of 4 per cent. upon our last prices, the quotation of 54 ex dividend being equal to 534 with the dividend. The schism between the Dutch Government ea I the Chambers having been healed, and a vote of credit of 5,000,000 guilders passed, the speculators who sold stock in anticipation of a fall have been disappointed, and compelled to replace their stock at a loss. Considerable sensation hits been created among the persons interested in Spanish finances, by a statement in the French papers that the Ministry of Ma- drid had called upon the agents of the Government in London and Paris, to de- liver up bonds of the various descriptions of Spanish Stock now current, to the amount of about 2,000,0001., in order to eneble the Government to deposit the said stock as at collateral security with the contractors for the army. The au- thenticity of' this statement was at first denied, but we believe there is now no doubt that an application has been made to Messrs. Rieman.) of the nature alluded to. These gentlemen are understood to have declined compliance with the request, upon the grounds that the Active, Passive, and Deferred Stock now in their possession, amounting to about 400,0001., represents the un-issued portion of' the old Cortes loans, and ought therefore to be cancelled. It was at first supposed that the stock in question was the portion of Active debt voted in 1835, representing the various amounts of Curb's Bonds, GUSIIIIAUD'S loan, and other then existing varieties of Spanish Bonds, which the holders would not bring in for conversion ; but it would appear that the stock, which from this source was at the disposal of the Government, has long since been turned into money, and was the fund which enabled M. MENDIZAISAL to work his financial miracles during his administration. From a statement made by that Minister to the Corti' s on 21st October 1837, it appears, that during the years 1835, 1636, and 1837, lie disposed in four several sales of the following amount of Active Debt- 1st sale £1,156,170 181 „ 511,700 1,997,570 4th „ 1,000,025 In all £3,895,465. During the same period he also sold 512,830/. Passive, and 234,255/, Deferred Stock ; which produced, together with the above amount of Active Debt, 1,433,748/. in money, and enabled the Minister to withdraw from circulation 1,142,655/. in Bonds of the Deferred Debt. The fear that a quantity of St tale will be thrown upon the market, caused a decline of the Bonds from 24il to 24, which was the price yesterday afternoon ; but the explanations since given have caused the market to assume a firmer appearance, and after being 246, it closes at 241L, The other Foreign Funds were till to-day steady at former prices; but this morning an impulse has been given to Portuguese Bonds by a purchase of sonic extent. We awe not aware of any intelligence from Lisbon to which this operation mav be traced, but are inclined to suppose that it is made in the expectation that awing the session of the Cortes, the meeting of which is fixed for to-day, sonic Ministerial scheme nia.y be brought forward Mr the liquidation of the foreign debt. .1. general movement has taken place in the other Foreign Funds. Brazilian are 72 to being an improvement of per cent.; Colum- bian are 25, an advance of' t per cent. from the lowest prices of the week ; Mexican Six per Cents, have risen from 286 20 to 29i ; Russian Five per Cents. have been done at 1124, and quoted 112 to 113. There has been a great improvement in the Railway Shares, almost all the current varieties being at an advance of from I/. to 3/. upon last quotations. The business transacted in them has been extensive ; and as the disposition for speculation in these undertakings seems to be revived, we may fairly calcu- late that the present rates will be supported.
SATURDAY. TWELVE o'Cr.ocic. The little business that has been doing this morning has been at higher prices than yesterday : Consols for Account are marked at 924, while Ex- chequer Bills arc at 3s. prem. India Bonds are Os. dis. Bank and India Stock the same. Yesterday's improved quotations are fully supported in the Foreign Market, while Spanish Active Stock has improved, and is firm at 24k i. The Railway Shares also maintain the advance which we yesterday ?Hutted to, although there have not occurred any transactions during the morn- ing that are worthy notice.
3 per Cent. Consuls shut Brazilian 5 per Cents ... 74 Ditto IO. Mount 92+ 1 Belgian 5 per Cents 1004 If 3 per CURL. Reduced 911 1 Columbian 6 per Cods. 1824 251 31 per Cent. Ditto shut Daiii,11 3 per Cents. 711 75: New 31 per Cents 991 1 Dutch 21 per Cents 531 11 Bank Stuck 178 Port ug■toso Regency 5 per Cts 34+ t Exchequer Bills 1 3 pm. Ditto 3 1.,,r Cvnts 241 I
ludia Stock for Account 255 Rossini 5 per Cents 112 113 Sp11 (A....ive) 24,1
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