13 JANUARY 1844, Page 8

MONEY MARKET.

STOCK EXCHANGE. FRIDAY AFTERNOON.

The Bank-broker has purchased almost every day during the week, and the demand for Money Stock has been good. Prices have, however, experienced a decline of nearly per cent; the market having given way to this extent under the operation of many speculative sales, occasioned, it is said, by—the approach- ing trials in Dublin ! Several Cabinet Councils held during the week ap- pear to have occasioned a feeling of uneasiness, and to have supplied an addi- tional motive for the sales alluded to. Money still continues very abundant; and the premium of Exchequer Bills is, on the whole, well maintained : today, however, it has experienced a decline of about 2s. The purchase of these se- curities for account of the Commissioners for the Reduction of the National Debt has not yet commenced. Bank Stock is quoted today at 186, and India Stock at 273. The former quotation indicates a slight decline, while the latter Stock remains unchanged. In the Foreign Market, the arrival of a remittance on behalf of the Dividends upon Brazilian Bonds has caused a trifling improvement in the value of that Stock. Dutch Bonds are depressed : a report prevails that they are to be sub- ject to an income-tax ; the Government of the Hague finding it impossible to meet the deficit in the finances without more taxes. By the last West Indian mail, a remittance of 72,000 dollars was received on account of the Mexican Dividends: but this has not produced much effect upon the value of the Stock, as the news received by the same arrival is not of a favourable cha- racter. By the remittance now received in addition to those sent since Oc- tober, nearly half the dividend due in April is provided for. The transactions in the South American Bonds have nut been extensive. Spanish Stock has been tolerably steady, the fluctuations having been unimportant ; the market, however, now presents a firmer appearance, in consequence of the improve- ment of the prices in Madrid. Portuguese Bonds are also firmer, though the transactions have been unimportant ; the quotations having been chiefly sup- ported by the demand for small bonds for Holland. The business in Railway Shares has not, as usual, led to a general advance in prices, and a fall has during the week occurred in many of the varieties. The French Shares have experienced a decline, the price having gone down in Paris. The sales of Paris and Orleans on French account in our market have been very extensive ; one house alone having sold 1,000 shares for delivery on the next account-day. This impending weight caused a depression yesterday; but the market has become firmer today, the price in Paris having been maintained in the face of our decline on Saturday and Monday last. Several new Railway schemes are afloat; among others, one from Gravesend to Chatham and Rochester, which is to be constructed on the atmospheric principle,—the value of which has been proved upon the Kingstown and Dalkey Railway in Ireland. Should this principle be adopted to any extent in the new lines now about to be con- structed, it will lead to a great and very important change in Railway affairs, materially diminishing the cost both of the original construction of the railway itself and that of the wear and tear in the working, by rendering the use of locomotive engines unnecessary.. Del Rey Mining Shares are in demand, with but few transactions, at 12i. The last Brazilian packet having brought a re- mittance of 6,800/. on account of the Company, it is understood that the sum necessary to pay the next dividend is in hand. The shares of the Australasian Banks are very much depressed; those of the Bank of Australasia having been done at par, or 411,,, per share, while those of the Union Bank, upon which 25/. has been paid, are at 26 to 27. These quotations are the lowest at which they have stood for some time, and are occasioned by the existence of a general dis- position to sell, evinced by the country holders. Those best acquainted with the affairs of the Banks are confident that the shares are now below their value; but the public generally seem to have been alarmed by recent disclosures of mis- management in other similar concerns.

SATURDAY, TWILINE O'CLOCK.

There is but little business doing this morning, and no variation in the prices of the English Funds. In the Foreign Market, Spanish Stock is at a trifling advance, and the other Foreign Bonds without variation. In Railway Shares we can only notice the following transactions: Great

Western, Half Shares, 684; Brighton, 43 ; South .western, 74; Manches- ter and Birmingham, 38; Northern and Eastern, 53 ii South-eastern 36.1. There is a better demand for the Shares of the Bank of Australasia ; and though some wereyesterday sold at 40, they have since been bought at 44.

Sarvanar, Two o'crocx.

The English Funds close at the morning's quotation. The only change of importance in the Foreign Market has occurred in Spanish Stock, which has advanced per cent, in consequence of an extensive purchase by a broker, who sold considerably a few days ago.

The Share business has been confined to the following Railways: Bristol and

Exeter, 64i 5i ; Eastern Counties, ; Ditto, New Registered, 12i ; Edinburgh and Glasgow, 56i ; Great Western, 104; Greenwich, ; Croy-

don, ; Norwich and Brandon, 4; Northern and Eastern, 53* ; Ditto, Scrip, 12k; Paris and Orleans, 33h i; Ditto and Rouen, 32 ; York and North Midland and Scarborough, 18. New schemes are continually being put forth : today has given birth to the London and Guildford, Sheffield and Chesterfield, and Chester and North Wales; many more are in agitation.

3 per Cent. Consols

961 1 Chiba!' Deferred 44 6 Ditto for Account 3 per Cent Reduced

961 I 971 I

Columbian 6 per Ceara. 1824 ex Venezuela II

31 per Cent„Ditto

1021 * Danish 3 per Cents

86 7

New 34 per Cents

1011 2 Dutch 24 per Cents 54 Bank Stock

1861 7

Ditto 5 per Cents 100 I Exchequer Bills prem.

65 7

Mexican 5 per Cents.. 321 India Stock

272 3 Portuguese New 5 p Cts.1841 44 Brazilian 5 per Cents

74 6

Russian 5 per Cents 1161 174 Belgian 5 per Cents

103 4 Spanish (Active) 5 per Ceuta 224 1 Chilian 6 per Cents

99 101 Ditto 3 per Cents 1842 301 1