17 APRIL 1841, Page 11

MONEY MARKET.

STOCK EXCHANGE, FRIDAY AFTERNOON.

The English Funas have improved during the week; and at one time yester- day the quotations were I per cent, above those of last Saturday. The settlement of the Consol Account took place yesterday ; and so great WHE the difficulty experienced by the jobbers to find stock for delivery, that at one period the "continuation" was only A per cent. Nearly a million of Stock WKS taken by capitalists ; and it is believed that the Jewish speculators, with a view to giving firmness to the market, have borrowed money upon stock of some of the great capitalists, most of the stock taken having been trans- ferred into the names of two or three of the principal bankers. It also ap- peared yesterday, as is usually the case, that the public had bought largely at .the low prices. The speculators for the fall have consequently lost consider- ably, from their inability to replace at cheaper rates the stock so sold ; and one of the chief causes of the improvement was the necessity under which one of these speculators was placed of purchasing to the extent of from 300,000/. to 400,000/. Stock to cover sales of a like amount made in expectation of a decline. Consols for Money were yesterday done at 901, being an im- provement of 24 per cent, from the lowest price at which they have stood during the account just ended. The market opened firmly this morning, and Consols for Money were done at 904,; but a reaction has since occurred, and a sale for bank-notes was made during the day at 90. Again, however, the market recovered ; and at four o'clock, Consols were 904 4, for Money, and 904 4, for Account. The other English Funds have improved in the same degree as Consols. The operations of the Bank broker have been entirely suspended, with the exception of a purchase of 6,000/. Consols today for the Savings Banks ; and it is reported that the intention attributed to the Chancellor of the Exchequer of supplying the deficiencies of the revenue by the sales of the Savings Bank Stock, and afterwards replacing the amount so sold by a new creation of Stock, has been abandoned. Money has become very abundant; and the premium of Exchequer Bills has consequently Un- proved to 15s. India Bonds have advanced to 2s. premium. Bank Stock has been as high as 173, and India Stock 2554; both are, however, about 1 per cent. lower.

The defalcation of another Official Assignee, Mr. CLARK, has been an- nounced; and now, that it is too late, the Commissioners of Bankruptcy have ordered a searching investigation into the accounts of those remaining, in order to see that the money received on account of tile estates to which they were appointed is forthcoming. When the deficiency of Mr. ABBOTT first became known, it was pretended that the Commissioners had no control over the Official Assignees, and that the loss occasioned by their dishonesty was owing to the faulty construction of the court ; but we now see the Commissioners instituting an investigation of the most searching character into the accounts of their subordinates. Perhaps the Commissioners will see the propriety of explaining what new circumstances have arisen that enable them now to compel what they have so recently stated they had not the power to command. The transactions in the Foreign Market have not been very extensive, but all the Dividend-paying Stocks are generally higher. There has been an im- provement in Portuguese and South American Stocks; but the business trans- acted has not been important. A considerable amount of both Five per Cent. and Three per Cent. Portuguese Bonds has been sent in for conversion ; and several purchases of the New Bonds have been made between 284 and 294; a demand having arisen for them in Holland, whence most of the Bonds now under conversion have been sent for that purpose. It may not be amiss to no- tice here, with a view to its contradiction, a report that has been industriouly circulated in order to prevent the public from converting their Stock—viz. that Bonds sent in for conversion have been reissued. We have been assured on most undoubted authority, that the assertion is unfounded, and that it can only have originated in the desire of certain influential parties to prevent the con- version of the Portuguese Stock, at all cost. Spanish Active Stock has ex- hibited but slight signs of animation; and all speculation seems suspended until the decision of the Regency question shall have terminated one of the numerous crises in Spain. The Railway Shares have been in some demand, and prices have in some cases improved; but the advance in the heavier descriptions of Shares has not been maintained. The business transacted has indeed been unimportant, and chiefly confined to the Brighton Shares; which were at one time as high as 31. discount, but have today given way about 10s.

SATURDAY, TWELVE O'CLOCK.

There has been so little business doing this morning, that we cannot do more than quote the prices of the various current Stocks, as given below; the prices generally being the same as yesterday. In the Foreign Market, the business is quite unimportant, and has been confined to a few transactions in Railway Shares ; of which we have to report the following—Birmingham and Gloucester, 204 die.; Cheltenham and Great Western, 30 die.; Great Western, 29 prem. ; London and Brighton, 34 3 die.; London and Birmingham, 69 prem.

SATURDAY, FOUR O'CLOCK. The Consul Market closes firmly at a slight advance ; but no business of im- portance has been transacted, and prices generally are the same as in the morning.

3 per Cent. consols

90t Belgian 5 per Cents 102 3 Ditto for Account 9O1 1. Columbian 6 per Cents 221 3 3 per Cent. Reduced .. . 891 Danish 3 per Cents

774 SI 34 per Cent. Ditto 98 4

Dutch 24 per Cents 52 4 New 31 per Cents 991 1 Mexican 5 per Cents. Cousd. 301 1 Bank Stoelt 172 3 Portuguese Regency b per Cts. 321 I Exchequer Rills 13 :5 pm

Ditto 3 per Ceuta

191 20

Iudia Stock

255

Russian 5 per Cents ..... ...

1121 131 Brazilfau 5 per Cents 69 70 Spanish (Active) 23 4