MONEY MARKET. MONEY MARKET.
STOCK EXCIIAII0F. FRIDAY AIM:R:400N.
The plan for the reduction of the 4 per Cents. has at last been made public in the following notice, communicate I to the Stock Exchange on Wednesday last. " All Whirrs of Four per Cents., commonly called Four per Cent. Annuities 18‘.26, who 811;111 not signify their dissent, slot! love for every IOW. of the said Four per Cent. 100 of New 31 per Cent. Anuttni..s, the Dividend upon which shall be payable 5111 January and 5th July in each year. " The said New 34 per Cent. Annuities shall he added to and consolidated with the existing New 34 pr Cent. Annuities, and shall not be liable to redemption until 5th January 1840. " The holsters of 4 per Cent. Annuities 1S'26, to receive the lialf-year's Dividend. which w ill be due thereon at the IMI1 October 1834; and the first ilivideud. namely one smarter of a ys,ar's Dividend to be pasa'ile upon the said New Si per Cent. An- nuities. on the 5ill January 1835. " BoAs will be epened at the Haul: of England on Thursday, 8th May, to Wednes- day, SSUI May, loth il;”s inclusive, tor receiving notices by themselves or their agents of those pers'..11; who may be desirous of dissenting. " Persons who shall be out of the United Kingdom during the whole of such period shall, in soli case, be permitted to express their dissent at any dine before 6th July 1831 And any ',Ism, who may be itt any other part of the world except Europe, tube permitted to express such dissent at any time before the tat March MI "Persons nal signifying their dissent within the periods before-mentioned will be deemed to have assented. Persons signifying their dissent within the periods before- mentioned will be deemed to have assented. Persons signilying their slissent within these periods will be paid off in such order, at such time, and in such manner as Parlia- ment may direct." It will be seen that the plan is substantially the same as the one which we al- luded to last week ; and from the present state of the Money Market, we have little doubt that it will he effected. As a natural consequence of this measure, the prices of the 4 and a& per Cents, have approximated more nearly than be- lure; the price of the latter to-day being 991-1 100, and of the former ION
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The Consul market continues firm, and s to-day at 9211 i for Account, and 9'24 for Money. Exchequer Bills are rather lower ; viz. 49 50. India Stock is :AM; 264. In the Foreign Market the business has been chiefly confined to Spanish Stock, which has fluctuated very considerably. Up to this moment, no decisive iutelligence has been received of the negotiation of the loan in Madrid, which in course of post might have strived to- day. Our last advices from that capital are of the 341, the day on which the bidding@ were to be decided on; but the ac- counts are silent as to the result of the competition for the loan. From the operations of the last few hours, it is, however, extremely probable that these advices contain shrewd anticipations of the actual result; which cannot be con- sidered as otherwise than favourable to the interests of the holders of the Cones Bonds. On Tuesday it was currently reported, that the Bank of San Fernando at Madrid had contracted for the loan, and that the negociation was concluded without any stipulation for the recognition of the Cortes Bonds. An Milne' diate panic was the result; and Spanish Bonds, which in the early part of the morning had been at 37, fell speedily to 3Q. From that point a reaction took place, and the closing price of the day was 34. The rise continued during Wednesday, yesterday, arid up to two o'clock this afternoon ;when the price for money was 378, and for the 31st inst. 37i From that point a decline com- menced, and the closing price isaii
gratuitously to the holders of such Bonds. chants and hankers, complainiug of the inconvenience ikely to arise to the holders of Russian Bonds of the Loan of 1822 from the difficulty of obtaining was paid on the 1st March—the Ambassador has informed the memorialist, that the other Continental Stocks, are nearly at last week's prices. The South he has instructed the Russian Consul, M. 13ESK it USES, to issue new coupons American Stocks are more sought after Mixican Bonds have been at 4461 N 79 for the current account, and 791 for the 31st inst. In the course of this afternoon, the market has given way, and closes at 7S1
new sheets of coupons in place of those issued with the Bonds, the last of which Pertngutsse Regency Bondi have been in great demand, and have been as high Brazilian Bonds have been in demand ; and are 76,1; 77. Dutch, Belgian, and A memorial having been presented to the Russian Amb sador by some mer- Columbian Stock is at Oh. SATURDAY. TWELVE O'CLOCK.
The declaration made last night in the Douse of Commons by the Chancellor tithe Exchequer, that it was not his intention at present to tu!te any measures for raising the sum required for the liquidation of the West India compensation, has catised an improvement in the Funds, and Consols for Aceou at are now MI i. The 4 per Cents. and new 3.A per Cents, are approaching cue another more nearly in price ; the difference between them to-day being only i per cent. The price of the 4 per Cents. is 100A ii, and that of the nk per Cents. 1004 ..,. In the Foreign market, business has been principally confined to the Purtuguese Bonds, in which several extensive transactions have occurred ; the minket is heavier to-day, and the price at one time was as low as 77?, ; but is now 74 Little has been done in Spanish Stock, the price of which is Mit Z. Up to this moment no authentic intelligence has been received of the result of the negotia- tion of the loan. SVEURDAV. FOUR &croon. The Consul Market has been very firm, and at one numeric there were buyers at 921- ; but prices close at 92;1 4. Nothing is positively known on the subject of the Spanish Loan. The 13onds have been at WA, but close at 364 r7.
3 per Cent. Consuls 9::t 1 I Dutch 24 per Cents S1Z 21 DPW for Account 92:: y I French 3 per Cents —
New 3i pr Ceu. Annuities .. 1001 1; I Greek, 1833. 5 per Cents 11,51 t
Bank stock . Mexican 6 per Cents. 44; 5 India Stock 14 Account — Portoguese 5 per Cents. ..... Excherpoir Bills 49 Si) Do Regency Serip5 per Cent. 781 t
Belgian a per tents (-IR 4 9 1 Prussian, ISIS, 5 per Cent... -- Bra/Ulan 5 per Cents. 76 4 I I: ussian, 1522, Stier Cut .. 1051 61
Danish Spec Cents. 711 ■ I Spanish, k21, 5 per Coot.— 36t 71
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