MONEY MARKET.
STOCK EXCHANGE, FRIDAY AFTERNOON.
The West Indian Loan, and the supposed necessity for military interference by this country in the affairs of the Peninsula, have kept the Money Market in a feverish state; and though the fluctuation of the Consols has not been exten- sive, the tendency of the market has been downward. Consols for Account were on Tuesday as low as 833, but the more pacific rumours of the last two days have caused an improvement, and the price has since been as high as 89k, and closes to-day at 831 k. Exchequer Bills are materially lower, being quoted at 47 49 prem. India Stock is 240 241 ; while Bank Stock is higher, being to-day.2081 209k. The continued postponement of the discussion on the Bank Charter in the House of Commons, has given rise to the rumour that it is in- tended to put off the settlement of the question till the next session of Parlia- ment; but we know that the Bank Directors think otherwise : they were sur- prised at the delay which occurred from yesterday till to-day, and are in the full expectation that the question will be entertained this evening.
' The great improvement which has taken place in all descriptions of Foreign Stock has induced several capitalists, who had previously sold English and bought Foreign, to dispose of their Foreign securities, and reinvest their capitals in the English Funds ; an operation to which the comparatively low price of the English Stocks offers great facilities. Three per Cent. Consols are now scarcely 1 per cent. higher than they were at the beginning of the year; and the me t favourite Foreign Stocks have since that time risen from 101. to 201. per cent. We may therefore (if this disposition continues) anticipate a reversal of pre- vious operations, and witness as rapid a transfer of capital to the English Funds as we have recently had to notice as taking place from them.
The Foreign Market has evinced great activity, and all descriptions of Stock are higher than last week. In the Dutch and Belgian Bonds, the improvement
has not been so great as in some others ; the highest price of Dutch per Cents. having been 52, and of the 5 per Ccnlis. 93; while 97 may be considered as the highest quotation of Belgian Bonds. The steam-boat from Holland yes- terday, however, having brought intelligence of a fall of more than 1 per cent. at Amsterdam, the Market has been forced down by some extensive sales ; and 2k per Cents. have been to-day as low as 51k, and 5 per Cents. 97/r ; the dosing price of the former is 51i 4, and of the latter 97k ?. Belgian Stock is quoted at 96% 4. Favourable intelligence from Rio Janiero improved the price of Bra- zilian Bonds, which has been as high as 74; but a more recent arrival has caused a decline, and the price to-day is 724 73k. Russian and Danish Bonds are both in advance of last week's prices; the former is 106k, and the latter 74k 75. Greek Stock is almost more in demand, the last quotation being 40k. The New Greek Omniurn is steady at 7 prem. The fluctuations of Portuguese Bonds and Scrip have been very extensive. The continued success of the Constitutionalists hue driven the price of the former to 92, and the latter to 25 prem. ; but the rumours of Spanish interference depressed the Bonds to 89, and the Scrip to 22 prem. ; the Bonds have since been at 91, and the Scrip at 25 prem. ; but both have been again depressed to-day, and the closing price of the former is 89 k, and of the latter 231 24. It is stated on 'Change this afternoon, that the army of Don Mtnum. in Algarve was still in force, and had committed souse excesses in that kingdom. Spanish Stork has fluctuated ma- terially ; having been at 25, since at 22k, again at 24, and closing this afternoon at 23k k. It would be idle to repeat all the rumours by which these fluctuations have been produced ; but we believe that the present improvement is referable to the success of the Liberal cause in Portugal, and the conviction that the tie cessities of the Spanish Government will not long permit it to disregard tl e claims of the Bondholders.
SATURDAY. TWELVE O'CLOCK.
The only fluctuations which have occurred this morning are in Bank Stock, which has experienced a fall of about I k per cent. This decline is attributable to the decision of the House of Commons, which last night determined that banks of deposit, with more than six partners, may be established within sixty-five miles of London. An increased value has thus been given to the shares of the British National Bank, which are now at 11. per share prem. Consols for Account are 89k. Exchequer Bills 47 48 prem. ; and India Stock 241. In the Foreign Market the business has been quite unimportant ; the only fluctuation being in Spanish Stock, which is rather higher, viz. 23,i k.
SATURDAY. Fora &Cr oeu. Consols for Account close at 8si 89. Bank Stock is rather higher, viz. 208 209. Dutch is rather lower, viz. 51k Portuguese Scrip is 24 4, and the Bonds 89 k. Brazilian Bonds have receded to 7112 ; the anticipated return of PEDRO to Rio Janeiro not being considered by our capitalists as likely to pro- mote the internal tranqui lity of the Brazils. Spanish Stock is 23k 4. The Shares of the National Bank are at 1 prem.
3 per Cent. Coneols SRI 89
Ditto for Account 8d¢ 8" New 3¢ per Cent 96 Bank Stock 209 9 India Stock 240 1
Exchequer Bill 47 48 Belgian 5 p. Cents. 964 Brazilian 5 per Cts. 714 72 Danish 3 per Cents. 744 5 Dutch '24 per Cents. 51¢ ¢ French 3 per Vents. — Greek(1825)5p.Cts. 40¢ Mexican 6per Cents. 41¢ 2¢ PorLugnese 5 per Cts. 814 Do. Regency Sc.5p.Ct. 244 Prty,siau(1013)5pAlt. — Bussian(Id22)5p.Ct. 1064 Spanish(1921/5p.Ct. 23¢
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