MONEY MARKET.
STOCK ExCHANDR, FRIDAY AFTERNOON.
The only event of importance as regards the English Funds has been the. meeting of the Bank proprietors yesterday ; when a dividend upon the capi- tal stock of the company at the rate of 8 per cent per annum for the half- year just ended was declared ; making the total dividend paid for the year 1850 at the rate of 71 per cent. The price of Bank Stock improved in con- sequence about 31, per cent ; the quotation having reached 2151 ex dividend for Account : at the closing of the books on the llth instant the price was. 215 and 215f. The transactions in the English Government Securities have been insignificant; Consols for Account having only fluctuated from buyers to sellers at 96f. Money is rather more in demand, and the rate of discount may be considered as fully 3 per cent.
In the Foreign Market, the business transacted has been unimportant ; the only material fluctuations having been in Mexican and Spanish Stock. Mexican Bonds declined nearly. 1 per cent, in the absence of any intelligence of importance from the Republic, and close this afternoon nearly at the lowest quotations. Spanish Five per Cent Active Stock had advanced more etian per cent; and though the market is comparatively. heavy today, no material decline in price has occurred. The transactions in the Northern European Stocks have been insignificant. The speculation which we noticed in part of our last impression as having commenced in French and Belgian Shares continued with greater or less intensity during Monday, Tuesday, and part of Wednesday ; but has since almost entirely died away. The transactions of Monday were on a very extensive scale, and quite as large as upon any single day during the year 1845. Almost every description of French and Belgian Share was in demand at advanced prices. The sales by the brokers of the agents of houses connected with Paris were quite as extensive as the demands of the English purchasers; and long before the close of business, it became apparent that the French holders or their agents were ready to supply the market to any extent. The prices consequently declined ; and as the speculative demand has almost entirely ceased, the- operations of the last two days have been unimportant, though prices are rather firmer. It is calculated that in the course of the week from 20,000 to 30,000 shares of the various French Railways have been sold in this mar- ket; and some idea may be formed of the extent of the business transacted from the fact that on Monday one broker sold 7000 shares, and two others 4000 each. The rise in the price during the continuance of the opera- tions above alluded to was from 10s. to 30s. per share ; and as the quotations of this afternoon are nearly the same as those given in our last report, the market has fallen back to the whole extent of the recent rise. When the speculation in Foreign Shares commenced, in the English Shares it slackened, and a decline of from U. to 31. occurred in most of the prin- cipal lines. In the course of yesterday and this afternoon, the market for English Shares has become firmer ; though the closing quotations of this- afternoon are generally below those given in our last. The traffic of the week ending on Saturday last upon some of the principal railways is not so- extensive as that of the corresponding week of 1850; the return per mile- for the week just ended, being rather more than 4 per cent less than that for- the same period in 1860. The closing prices of Consols are 961 for Money, and 961 buyers for Account.
SATURDAY TWELVE O'CLOCK.
The English Funds are without change or appearance of business, the price of Consols being the same as yesterday-96i f for Money and 961 for Account. In the Foreign Market, Mexican is lower, and after having been at 321, the price is nominally 321 to 331. Spanish Sleek is firm, the Active- being 21a and the Three per Cents 38 I. The English Shares are gene- rally from 58. to 10s. lower than yesterday, with the exception of one or two of the minor varieties, which are higher, in consequence of reported amalga- mations... The following are the only bargains recorded—Ambergate, Notts, and Boston, 6; Midland, 63g. The French Shares are without change • it is reported that prices were yesterday steady in Paris. The actual quotations- are
not generally known.
SATURDAY, Two o'Crocx.
The English Funds close at the morning's quotations without the occur- rence of any business of, importance. The dealings in the Foreign Market have been chiefly confined to Spanish Active and Mexican, the former has been in good demand, and closes at an advance of about per cent upon the opening price; the latter has experienced some fluctuation. At the opening of the market the sellers predominated, and the price fell to 321; a better tone has since been apparent, and after being at 33/ the closing quotation is 33f 1. The following are the only transactions recorded in Foreign Stocks —Mexican 33 32f 3f 1; Portuguese Four per Cents, 34 I f Russian Four- and-a-haliper Cents, 97 a ; Spanish Active, 21 ; Mao Coupons, 91; Ditto Three per Cents, 38 f 4/, Belgian, 931. There is no material variation in Railway Shares. The market has been without activity,.and the closing quotations generally are lower. The follow- The selection from Orfeo contained two of the finest scenes of that ing are the principal bargains—Aberdeen, 16 ; Ambergate, Notts, and Boston, beautiful opera„—that in which Orpheus, on the banks of the Styx sub- 64 51 6; Calecloman, 15k 15; Chester and olyhead, 25; Ditto Preference, 174; Eastern Counties, 71 / ; East Lancashire, 171 1 ; Edinburgh and Glas- gow, 36/ 6 7; Great Northern, 181 1 ; Great Western, 891 1 90 891 1 ; Hull and Selby, Quarter-shares, 231; Lancashire and Yorkshire, 634 2; London and Blackwell, 81; London, Brighton, and South Coast, 96 54; London and North-western, 1301 30; Ditto New Quarter-shares, 221 1; London and South-western, 89; Midland, 651 / 4 634; Ditto 501. Shares, 221; Oxford, Worcester, and Wolverhampton, 181 1; Reading, Guildford, and Reigate, 214; Scottish Central, 174; South-eastern and Dover, 271 8 74; York, New- castle, and Berwick, 211; Ditto Extension, 164; Ditto G. N. E. Purchase or 'Preference, 71; York and North Midland, 271 871; Boulogne and Amiens, 101 1; East Indian, 151; Namur and Liege, 81; Northern of France, 1544; Orleans and Bordeaux, 4-4; Paris and Strasbourg, 11; Tours and Nantes, 61 1; West Flanders, 21 21.
3 per Cent Consols Ditto for Account 964 a 961 a Danish 3 per Cents Dutch 21 per Cents 76 80 58 } 3 per Cent Reduced shut Ditto 4 per Cents 91 f 34 per Cents shut Mexican 5 per Cents 1846 ... 33 a Long Annuities shut Peruvian 6 per Cents 84 5i Bank Stock shut Portuguese 4 per Cents 1842. 341 Exchequer Bills 53 5 pm. Portuguese 5 per Cents 1824. 86 S India Stock shut Russian 5 per Cents 110 112 Brazilian 5 per Cents 91 3 Ditto 41 per Cents 971 i Belgian 41 per Cents 92 4 Spanish (Active) 5 per Cents. 21 Chilian 6 per Cents 105 7 Ditto 3 per Cents 1842 38 1 Danish 5 per Cents 100 101 Venezuela 32 4
Previous page
