MONEY MARKET.
STOCK EXCHANGE, FRIDAY APTIRROON.
The business of the English Funds has not been extensive, unless we consider one purchase of 30,00W. and another of 20,000/. as coming with that description. The price of Consols for Account, which had been stationary at 93 to a, improved yesterday afternoon to 93/ upon the receipt of the intelligence brought by the Indian mail. The market has given way this morning, and is now 93 to A. The premium upon Exchequer Bills has advanced Is. Oad; those bearing interest at 2/d. being 51s. to 53a, and those at 2d. per day 508. to 52s. premium. All the various Stocks, the Dividends upon which become due on the 10th instant, will be open for private transfer on the 11th and the Dividends will be paid on the 12th. Money is now very abundant ; the rate of discount of first-rate commercial bills varying from 2/ to 2a per cent. The issue of money consequent upon the payment of the Dividends will render that commodity still more plentiful. An arrangement is in progress by which it is intended that after the 1st of January next, the business of the London bankers shall cease at four instead of five o'clock. Opinions are divided as to the working of the new system, but we believe that the preponderance is in favour of it. The hours of banking business are at present from nine till five; and the day may be considered as divided into three parts: the first three hours, till twelve o'clock, are occupied by the business resulting from country orders, and the payment of checks presented by the bankers from the West end of the town and the Joint Stock Banks, who, as not frequenting the Clearing-house, are thus compelled to present the checks received on the previous day; from twelve to two, the bankers' clerks are generally unoccupied; while from the latter hour till four o'clock the greatabosiness of the day occurs-viz, the paying in those checks which are to be received at the Clearing-house. After four o'clock, the business at the counter is unimportant; being chiefly confined to the taking up of bills, which from the absence of the drawee or from some other cause have not been paid when presented, and the payment of checks; and it is this hour that the bankers propose to abridge; leaving the arrangements of the Clearing-house as they are, and only limiting the taking up of bills and receiving money at the counter to four instead of five. The gain to the clerks in thus abridging their harassing labours will be great; and as the inconvenience that the proposed change will inflict upon the public can be at first but trifling, and will soon from custom be really none at all, we hope that it will be so generally acquiesced in as to be adopted. There was some improvement in a few of the minor descriptions of Foreign Securities ; Columbian being in demand at 21; Spanish Active Stock at 16a, and Spanish Three per Cents at 21/. The improvement in the latter description was occasioned by an advance of a per cent in the price of the Stock in Paris ; but as this advance has not been supported, and the price in Holland has declined more than la per cent, our market has given way, and closes this afternoon at 16. Columbian are also heavier.
The only variation of importance in the Railway Shares has been in those of the Brighton line, which improved 10s. per Share, and have been done at 36a but have fallen again, and are today at 36. Smarmy, Twswrs o'Czocir.
Scarcely any business has occurred this morning ; nor can we notice any variation in prices, which are nominally the same as yesterday. The following are the only transactions in Railway Shares during the morning: Great North of England, 52/ ; Great Western, (New,) 60; Brighton, 36 a; ditto, Loan Notes, 101 ; North Midland, (Thirds,) 201.
SATURDAY. FOUR O'CLOCK.
The afternoon has passed in complete idleness, without any transaction of note: jest previous to the close of business there was a slight advance in price of Consols for Account, of which there were buyers at 93a at the close of badness. We have also to note an improvement of Is. in the premium of Exchequer Bills ; those bearing 2/d. per day being 52s. to 54s., and those at 2d. 51s. to 53s. In the Foreign Market, a transaction has occurred in Cuba
Bonds at 78, and one in French Five per Cent Beiges at 118a, with an exchange of 25 60. The other Foreign Funds are the same. The following business has taken place in Shares since the morning : Railways-Eastern Counties, 8*; Edinburgh and Glasgow, 46; Great Western, 83; ditto, (Fifths,) 71; Brighton, 36; London and Birmingham, (New,) 30. BanksNational Provincial of England, 10/.
3 per Cent. Consols 93 * Columbian 6 pe. Cents..... 201 1 Ditto for Account 93 * Danish 3 per Ceath 83 4 3 per Cent Reduced shut Dutch 2* per Cents 611 2* 3/ per Cent Ditto shut Mexican 5 per Cents Coned.. 321 3/ New 31 per Cents JUL Portuguese Regency 5 perCts. ::.6 1 Bank Stock 1691 Ditto New 5 per Cents 1841. 30* 31 Exchequer Bills. 248. .. prem 52 54 Ditto 3 per Cents 21 1 Ditto, 28 do. 51 53 Russian 5 per Cents 112 113 India Stock 247 9 Spanish (Active) 5 per Cents Brazilian 5.per Ceuta ..ex div 634 ex Coupons 15,1 161
Belgian Spec Cents 102 3 Ditto 3 per Cents 1842 soli
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