MONEY MARKET.
STOCK EXCHANGE. FRIDAY AFTERNOON.
During the week the English Funds have risen nearly 4 per:cent; but do not ride& at the highest price, the market having gone back 4 per cent in the course of today. Some very large purchases were made by brokers connected with foreign houses, both on Wednesday and yesterday ; and the quotations were thus maintained in the face of a sale of 150,000/. Stock for money. Another purchase of 50,000/. occurred this morning, which gave a further impulse to prices ; but there was a reaction in the afternoon, as above stated. Money is more in demand, and the premium on Exchequer Bills is the same. The principal object of interest in the Foreign Market hes been Spanish Stock, which has experienced a very considerable depression : the quotation at one time today was 14 per cent below that of last Saturday, the Active Five per Cents having declined to 194, and the Three per Cents to 294. The whole decline has occurred within the last forty-eight hours; and is ascribed to the uncertainty in which the payment of the dividend which will become due on the Three per Cents on the 3I51 instant is involved. In ordinary course, the ad- vertisement of the payment ought to have appeared in the newspapers of this morning; and its absence caused considerable alarm among the holders of Stock. Still, there is an opinion in well-informed quarters that the dividend will be paid, although no remittance for that purpose has yet been received by the agents. This latter and more encouraging opinion has caused an advance of 4 per cent in the price of the Three per Cents, and of 4 per cent in the Five per Cents Active ; the closing quotations being respectively 30 and 20. A considerable advance has occurred in Dutch Bonds, in consequence of a cor- responding improvement in the home market : they are now sought at an ad- Vance of 4 per cent upon our last prices. The business in Mexican Bonds, and in the South American Bonds generally, has been unimportant. Neither can we quote any transactions in the Repudiated Bonds of the United States; specu- lation in them appearing to be again at rest. The Greek Bonds of the Loans of 1824 and 1625 have been steady between 11 and 12: the transactions in them have been few, and the demand occasioned by the recent events in Greece appears to be suspended. Portuguese Bonds are slightly in advance of recent pnces; but the business transacted has been unimportant. An advertisement has today appeared from the Agency, notifying the payment of the dividend due on the 1st of January ; and this regularity seems to have occasioned a desire in the public for investment, as the market is nearly cleared of Stock. It may be as well to remind the Stockholders, that unless they avail themselves of the positions of the decree of November 1840, and convert the Regency Five per Cents and Three per Cents into New Five per Cent Bonds before the 30th in- stint; they will lose the interest upon the dividends in arrear, viz, those from 1837 to 1841.
The speculation in Railway Shares seems to have been chiefly confined to the French lines; of which the Paris and Orleans, and Paris and Rouen, are the most in demand, and have advanced during the week nearly per shore. The purchases of both these, but particularly the former, have been very ex- tensive, chiefly by English speculators; the majority of the shares of both lines being held in this country. It remains to be seen whether their success will be such as to realize a return upon the high premium, of more than 60 per cent, at which our capitalists are now purchasing.
SATURDAY, TWELVE i,•er.oca.
The only variation in either the English or Foreign Funds has occurred in Spanish Stock, which is lower. The Three per Cents being 294 4, and the Five per Cents Active, 194 43: business, with this exception, has been on a very limited scale. • ' The tranfactions in Railway Shares base been ofa very general character. A large sale of Paris and Orleans has depressed the price, which, from 424, is now quoted at 42 to 4; Brighton are also lower, and have been offered at 41. The following is a record of actual bargains—Birmingham and Derby, 56; Eastern Onunfies,10; Edinburgh and Glasgow, New Registered, 134; Brighton, 414 4 41; Blackwal, 5; Paris and Orleans, 324; Paris and Rouen, 32%; South Eastern and Dover, 3344; Yarmouth and Norwich, 154; York and North Midland, 120; New Ditto, 544.
SATURDAY, Two O'CLOCIL -A purchase of 20,000 Consols for Account has given firmness to the market, which closes at an advance of 4 per Cent upon our morning's prices, the last quotation being 954 4. In the Foreign Market, Spanish Stock has improved about '4 per Cent : from the character of the .purchasers, it is believed that the dividend upon the Three per Cent Bonds s secure ; but nothing certain is
known upon the subject. The other Foreign Bonds are without material variation. .
We have to note the following transactions in Shares in addition to those given in the morning : Del Bey, (Mining,) 124; Colonial Bank, 13% 144; Bristol and Exeter, 624; Eastern Counties, 94; Ditto, New Registered, 114; Ditto, Debentures, 114; Edinburgh and Glasgow, 554; Ditto,.New Registered,. 134; Hull and Selby. 554 64 7 ; Creydon! 154; Perla and Orleans, 324; Paris and Rouen, 324 14; Yarmouth and Norarch, 15 154.
• 3 per Cent Consols Ditto for Account 3 per Ceut Reduced
31 per Cent Ditto.
New 31 per Gent.... Batik Stock for Account Exchequer Bills India Stock litazilian 5 per Cents Belgian 5 per Cents Chilbui 6 rer Cents ' prem. --- shut ' 951 * r • ' 96/ •• 1021 4 • that. — • 57 9 _ 73 5 103 4 99 100 Chilinn Deferred Colombian 6 per Cents,1824 • ex Venezuela . ' Dan'sh 3 per Cents ' ' Dateli 21 per Cents Ditto 5 per Cents -.. .. .. Mexican 5 per Cent;Consd . Poauguese New 5 p.Cts.1841 R essian 5 per Cents Spanish (Active)5 per Cents
Ditto 3 per Cents 1542 :...i -
45 97
111 t 85 gs. 55 4 99* 1 311 4 434 4 115 116 191 20 291 30
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