MONEY MARKET.
STOCK EXCHANGE, FRIDAY APTERNOOK.
Considerable sales of all descriptions of Government Securities for Money took place in the early part of the week, and operations of the same character were re- peated yesterday and today. Under the effect of these continued sales, prices have given way nearly 4 per cent; the quotation of Consols for Account having at one time been as low as 92i: the closing quotation is rather higher-921 4. The feeble state of the market appears to have given confidence to the specula- tors, and a large speculative sale occurred yesterday, followed by another today. Money was on Tuesday very scarce; and interest at the rate of 4 per cent was obtainable on the security of English Stock, from day to day. The pressure has since lessened, and the rate in the Stock Exchange is the same as for commercial discount-21 per cent. It seems probable that a steady but gradual increase in the value of money. is about to commence, in consequence of the improvement in trade and resumption of business. The Foreign Market has been in a very quiescent state. The Dutch, Russian, and Danish Stocks, have improved; as have most of the South American. Mexi- can Bonds had been depressed, and were as low as 271; but have rallied again, and close this afternoon at 271 28. Spanish Stock is lower, without any transac- tions of moment.
The Railway Share Market, with few exceptions, (principally among the gua- ranteed shares,) has been and continues heavy. North-western have fallen about 41. lower than on Saturday; having been as low as 125 with dividend, but are to- day quoted at 1224 without dividend, which is equal to 126 with dividend, and consequently a slight improvement. Great Western have fallen in about the same proportion, having declined to 72 with dividend, and are today quoted 691 with- out dividend, or 711 with dividend. Midland have not been so much affected, the decline in them not having exceeded from 11. to 21. per share. Oxford, Worces- ter, and Wolverhampton, which were at 34 discount upon a share of the nominal value of 501., have fallen as low as 12 or 38 discount per share. The demand for guaranteed shares, however, has been good; all varieties of the Brighton Stock of that class being in demand at higher prices than any recently quoted; and we Easy state that there is a general disposition for investment in the guaranteed lines, and a contrary feeling with regard to the original shares.
SATURDAY, TWELVE O'CLOCK.
The opening price of Consols for Money was 921; the quotation has since fallen to 921, and is now 921 1 both for Money and Account. We cannot notice any transactions of importance. The Foreign Funds are all without any material variation. Most of the better classes of stock appear to be in demand at the quo- tations of yesterday, but the transactions occurring have as yet been limited. The Share Market is heavy, and without the slightest appearance of improvement. Hitherto the transactions of the morning have not been of sufficient importance to require any remark. 3 per Cent Consols 921 i Danish 3 per Cents 69 71
Ditto for Account 921 1 Dutch 2} per Cents 531 4} 3 per Cent Reduced 92} f Ditto 4 per Cents 84 5 8} per Cents 93 f f Mexican 5 per Cents 1896 ... 27} 8} Long Annuities 81, 15-16 Peruvian 6 per Cents 53 5
Bank Stock Portuguese 4 per Cents 1845 28 9
Exchequer Bills 40 3 p.m. Portuguese 5 per Cents 1824. 79 81 India Stock Russian 5 per Cents 108 110 Brazilian 5 per Cents 85 7 Spanish (Active)-5 per Cents 171 18} Belgian 4} perCents 86 9 Ditto 3 per Cents 1842 34} 1
Chillan 6 per Cents 93 5 Venezuela 24 6
Danish 5 per Cents 99 100
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