11 SEPTEMBER 1847, Page 9

MONEY MARKET.

STOCK EXCH•NOE, FRIDAY AFTERNOON.

Money has been more in demand than usual; and the English Stocks have expe- rienced a decline of 1 per cent, the closing quotations of today being to that extent below those of last week. The business transacted has been of a very unim- portant character, and till yesterday the fluctuation had not exceeded 1 per cent; Consols for Account having only vaned from 88 to 871. Today, however, a further decline of 1 per cent has occurred, and the quotation has fallen as low as 871; the closing prices being 86/ 87 for Money and 8744 for Account- The books have been closed for the October dividends, and the pressure today may perhaps be accounted for by the shutting of the Three-and-a-Quarter per Cents. The Premium of Exchequer Bills has ranged from Be. to is. for the large bills, and

from 9s. to 153. for small ones: the market for these securities has been steadier than for some time, and may be considered firmer. The meeting of the Bank Directors yesterday passed off without any increase in the rate of discount; and in the present state of themarketanyt1uctiu ía considered impossible. The Foreign Market has been in a state of greater activity than f e time. The improved political aspect of the Peninsula has had a favourabl afflict upon

Portuguese and Spanish Securities; both of which are fully 1 per cent ' advauce for our last quotations. A demand for Portuguese Bonds arose on Mod4y, by which the quotation was carried as high as 26; and the market hastInce bolt-- tinned firm between 25 and 26. On Wednesday, a purchase of 20,0001. Spauish Active at 20 was effected, and in the course of the afternoon the Bonds rose to 21: but they declined again yesterday to nearly the full extent of the rise: to- day the prices have again Improved to 211; but with the fall of the English Funds the market gave way slightly; to rally again to the highest point, and the last quotation for Active is 211 and for the Three per Cents 301 31. By the last West India mail intelligence was received from the agents of the Committee of Smith American Bondholders in Mexico, that a sum of 55,0001. would be shipped by the next packet on account of the dividends: this and some other hopeful news gave an impulse to the Bonds; which had risen to 20, and, after some fluctuation, close this afternoon at 191 a. The other Foreign Bonds are generally lower; and the business has been unimp?rtant. The slight indications of improvement previously remarkable in the markets for Railway Shares are no longer observable. The pressure for money is ope- rating severely upon the holders, and during the week there has been a daily pre- dominance of sales. The prices of almost every description of shares are lower than last week, and in some of the more important the decline has been as much as from 31. to 51. per share. The Foreign Shares have also declined upon their already low quotations; and the aspect of this market is more gloomy than it has been at any time since the autumn of 1845.

SATURDAY, TWELTIL O'CLOCK.

The accounts of the Bank of England for the week ending last Saturday ex- hibit, as compared with those of the previous week, an increase under the follow- ing heads—public deposits, 528,9641.; other deposits, 685,6721.; seven-day and other bills, 53,0011.; other securities, 796,9321. A decrease is observable under the following—Government securities, 75,0001.; notes issued, 169,0551.;

bullion, 180,6451.; notes in circulation, 28,8401. The total amount of bullion is 8,959,0371.; and the actual circulation 18,027p15/. The Eng- lish Funds are lower this morning; the opening price of Consols having been 86/ 7 for Money and 87i 4 for Account; which are the quotations at present In the Foreign Market, Spanish Stock is the same in the absence of business, and the other current varieties rather lower. The Railway Share Market is very heavy, sales of every description preponderating. The following are the principal bargains recorded: Chester and Holyhead, 171; Eastern Counties, 171 A; East Lancashire Extension, Scrip, 1; East Lincolnshire, 101; Great Western, Malf-shares, 60; Blackwell, 54; Brighton, 471; South-western, 60; Ditto, New, 401., 26; Manchester, Buxton, and Matlock, la; Midland, 1151 161; Ditto, Consolidated Bristol and Birmingham Six per Cents, 1204; North Staftbrdshire, 94; York and North Midland, York Extension, 38.

SATURDAY, Two reCzoct.

Reports of two extensive mercantile failures are prevalent: but though the names are freely mentioned, there is not sufficient certainty of the fact of their insolvency to permit us to do more than allude to the rumour.

The English Funds continue depressed; Consols for Account having fallen to 871, and the last quotation being 876 1. In the Foreign Market, prices have been much better supported; the quotations of yesterday for Spanish, Mexican, and Portuguese Stock, being fully obtained, if not exceeded. The business of the afternoon has been confined to the following bargains: Brazilian, 85; Mexican, 191; Portuguese Four per Cents, 251; Russian Five per Cents, 108; Spanish Active, for Money 21, for Account 211 1; Spanish Passive, 41 4; Ditto, Three per Cents, 301; Ditto, for Account, 301 a; Belgian Four-and-a-half per Cents, 92; Dutch Two-and-a-half per Cents, 56. By the failure of a broker, a large number of Railway Shares have been thrown upon the market; which has operated prejudicially upon prices. A forced sale of more than 500 Eastern Counties has depressed the price to 171. Shares are generally heavy. The following are the principal bargains since the morning: .Ambergate, Notts, and Boston, 11; Birmingham and Oxford Junction, 21 1; Care- donian, Half-shares, 11; Eastern Counties, 171; Ditto, York Extension, 844. Great Southern and Western, (Ireland,) 2949; Hull and Selby, 101; Lancaster and Carlisle, 58; London and Blackwell, 51 4; London, Brighton, and South Coast, 471 44; Midland, 1151 16/ 166; North British, 28; North Staffordshire, 944; Central of France, (Orleans and Vierzon,) 15; Dutch-Rhenish, 3; Northern of France, 101; Orleans and Bordeaux, 3/ 4; Paris and Lyons, 8; rare and Rouen, 36.

3 per Cent Consols 861 4 Danish 3 per Cents 84 6 Ditto for Account 874 4 Dutch 24 per Cents 554 6 3 per Cent Reduced

Ditto 4 per Cents.

884 94

34 per Cents

Mexican 5 per Cents 1846... 194 Long Annuities

New Grenada 194 Bank Stock

Ditto 4 per Cents 1845 25 26 Exchequer Bills 3 6 pm. Peruvian 33 33 India Stock

Russian 5 per Cents • -ex. d. 108 Brazilian 5 per Cents 83 5 Spanish (Active) 5 per Cents 21 Belgian 44 per Cents 92 4 Ditto 3 per Cents 1842 304 Buenos Ayres 6 per Cent.... 35 8 Venezuela 38 40 Chillan 6 per Cents 90 2