MONEY MARKET.
STOCK EEC/IA/COL ft/DAT ASTEHNOOK.
The books of the Three per Cent Consols closed yesterday, to reopen on the 15th January. Private transfer will be permitted on the 6th of that month. There was a trifling decline in the price of this and all the other English Funds, in consequence of the pressure occasioned by the "shuttii g." The slightness of the pressure may be estimated by the fact that the diflerence between the price of Consols for Money and for the January Account was only per cent- • As the, holder who paid that premium would receive his Stock in January without the dividend, and escape the income-tax upon it, he was thus enabled to borrow money at less than 4 per cent interest. The rate of discount continues unchanged, The Foreign Exchanges are gradually declining, and there is a probability of a demand for bullion for exportation. But the heaviness of the English Funds is chiefly owing to speculative sales, made in the belief that the anticipated exporta- tion of bullion, and The necessity under which the Government will be placed of raising money to meet the extraordinary expenditure in Ireland, will cause a de- cline in prices. We have to notice the rather unusual occurrence of a bargain in the New -Five per Cent Stock, at 121. In the Foreign Market the business has been of more importance than usual The ratification by the Mexican Government of the terms under which the recent conversion of the Bonds of the Republic took place, the attempted repudiation of which had caused considerable alarm among the holders of theliew Stock, caused an improvement of more than 1 per cent in the price of the Bonds: and the mars ket continues firm today at the advance. By a curious blunder, the Times on Tuesday last published, in a second edition and as fresh intelligence, an account of the defeat of the rebels in Portugal, on the 21st November, which had already appeared in its columns of the 27th November. This new success (as it was then believed to be) caused an immediate rise in the price of Portuguese Bonds; which, by the simultaneous appearance of purchasers, rose to 40. The error having been afterwards discovered, the quotations quickly receded; and as the intelligence re- ceived yesterday by the regular Lisbon mail was of a very unsatisfactory cha- racter, the market continues heavy, the closing price of the Bonds today being 87, thus marking a decline of Spar cent from the highest price. Spanish Stock WRS in demand, and the prices both of Three and Five per Cent bad advanced as com- pared with those of last week. The Ministerial difficulties at Madrid, which though postponed have not been overcome, have caused a reaction of about 4 per cent.
The Railway Share Market is fiat, and no change for the better can be noticed in it. Almost every variety of Share is lower than last week; and the demand for the guaranteed lines seems to have slackened, except in one or two irstances. The Foreign Shares are rather firmer, in consequence of an improvement in the Paris market; but we cannot notice any revival of business in them.
SATIIIDAT, TWELVE O'CLOCK.
No change or business of importance can be noticed this morning. Consols are now quoted without the dividend due in January; our price of 934 4 without di- vidend is, therefore, equivalent to one of 954 4 with dividend. The iolloning are the principal transactions in the Railway Share Market: Birmingham and Glou- cester, 129; Birmingham and Oxford Junction, 911 4; Caledonian, 233; East Lancashire, New, 94; Ely and Huntingdon, 134; Great Southern and Western, (Ireland,) 29; Midland, 124 7; Ditto, New, 314 4.
8ATU1DAT, Two eTtoca.
The English Stock Market is heavy, closing at 4 below the opening prices. No change of importance has occurred in the Foreign Bonds. - The but:Mess-of the morning, both in the English and Foreign Funds, has been insignificant. The Railway Shares are generally heavy. There are some few exceptions; Midland, among the more important Shares, having advanced; while speculation is again giving increased value to the Birmingham and Oxford Junction. The following are the principal bargains occurring since the morning: Ambergate, Notts, and Boston, 24; Birmingham and Gloucester, 129 8; Caledcnian, 234 II ; Eastern Counties, 2243; Great Western, Quarter-shares, 184; London and North, western, 193; Ditto, Fifths, 19; London and Brighton, 584; London and South-western, 63 2; Midland, 12648; Boulogne and Amiens, 134; Great Northern of France, Constituted, 1044; Paris and Lyons, Constituted, 54; Sambre and Meuse, 44. 3-per Cent Consols shut Danish 3 per Cents 86 8 Dittofor Account 934 i Dutch 24 per Cents 604 I 3 per Cent Reduced 934 4 Ditto 4 per Cents Sst I 34 per Cents 954 6 Mexican 5 per Cents.. •1846 2344 Long Annuities Si 11New Grenada 19 21 Bans. Stock 206 8 Portuguese New 5p. Cts.1841 364 8 Exchequer 11S113 prem. 10 12 Ditto 4 per Cents 1845 .... 37 9 India Stock shut Russian 5 per Cents 110 112 Brazilian b per Cents 85 7 Spanish (Active) 5 perCents 264 1 Belgian 41 per Cents 96 6 Ditto 3 per Cents 1842 374 1 is Milian 6 per Cents 95 7 Venezuela 39 41 Columbian ex Venezuela... 15 16
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