19 MARCH 1831, Page 11

THE MONEY MARKET.

SToca ExcriANOE, Fainar EvaNugo.-We have had some considerable fluc- tuations in the price of Stock this week ; but the Market has shown a far greater degree of firmness than we have witnessed for a long time past. The public have been steadily buying Stock ; and the speculators for a fall, having probably gone as far as they dare venture, adverse reports do not now affect us so much as formerly. The foreign news of the week, and especially the change of Ministry in France, is thought to be favourable to the preservation of peace ; at least people here are disposed to think so, for no other reason, perhaps, than because the Stock Market is firmer. However this may be, it is certain that large investments continue to be made by the public; and the scarcity of Stock for immediate transfer is so great, that premiums for the loan of it for short periods are now daily paid by the dealers, who have even given a quarter per cent. to-day for it in many instances. From this and other circumstances, we are strongly impressed with the opinion, that a con- siderable rise in prices is at hand, if no" untoward event" should soon occur. It is the fear of this alone that cheeks it even now.

On Monday, Consols for the account opened at 751, advanced to 76, fell back to 753, and closed at 75+. On Tuesday, the price reached 76*; and on Wednesday morn- ing opened at 761, but fell very rapidly again to 70. Yesterday, the opening price was 70, from whence it crept up to, and closed at 76a. To-clay, the first price was 76j for the account ; and by noan, it had reached 70i, and for money 763; but is now lower, and closes at 763 for the account.

Money is said to have become scarcer out of doors ; and, indeed, it is but little surprising that it should be so, considering the increased employment recently afforded to capital in trade and manufactures, and also the temptation of invest- ing money in Stock, when it is yielding 4 per cent. interest. In the Stock Market, however, nothing of this scarcely is felt, the great scarcity being that of Stock.

In the Foreign Market, there has been lithe or no business during the week, and prices are at nearly our last week's quotations. The only fluctuations have been in Russian and Spanish. The former has been at from 831 to J. and is now 891 to 91 Spanish has been 10, 17, and is now about 14.

SATURDAY MOR?.:ING, HAI.F-PAST TIVELVE.-CODSO!S have been 75!, 701, and now 76i- to 76. We do not hear of any express from Paris. There is very little business doing in either house.

Bank Stock - 3 per Cent. Red. - . Buenos Ayres... - 20 21 Spanish .. . 16* Ditto, New 141

3 per Cent. CODS. 761 3 11

31 per Cent. New 85/ if Colombian ..... Danish.- 15/

157/

083 SHARES.

Consols for Acct. 75; 3

Greek.- -

Bolanos ... • • Long Annuities . Mexican ....... 35/ 30 Brazilian . 54 56 Ex. Bills, 1000/. 18 16 ' Peruvian ....... 131 14/ Columbian . - India Bonds .... 5 Portuguese

AngloMexican..

. 56! 71 Russian. 891

United Mexican 9i 10