THE MONEY MARKET.
STOCK EXCHANGE, FRIDAY EVEN:NO.—The altered and more encouraging re- ports of the state of the King's health have given an unexpected impetus to affairs here ; andthe Market being sufficiently predisposed to receive it, paces have ad- vanced nearlyorm per cent. since this day week. Perhaps the near approach of the settling-day (the 25th) has had some effect ; but however that may be, Consols have advanced from 924 tot to 931 to 0, and New Fours from 1014 to 1023, amid every other Stock more or less in a similar proportion. This rise is of course attributed wholly to the King's partial recovery ; but our late reports have explained that the fears arising from his illness have merely retarded what they could not ultimately have prevented, for the force of unemployed money appears to be such as must render Stock scarcer, and therefore dearer, almost in the face of political disaster. Thus the news, yesterday, of the dissolution of the French Chambers,had little or no effect ; and that effect, slight as it was, did not even survive the day. Exchequer Bills paying only 23 per cent. are at a premium of 778. to 78s. per cent.; and India Bonds, paying 3 per cent., at a premium of 84s. Who that remembers 1825 but must hold up.his hands in astonishment !
In the Foreign Market the Greeks, notwithstanding great efforts, are far from prospering. The Bonds have fallen,. are falling, and, we must add, ought to fall, for they are out of all reason too high. On Saturday last, the price was about 474 or 48; it is now 434. It was equally low, indeed, a few days ago, but was recovered for a brief space to 46 yesterday. This afternoon it is again at 431 ; and the Market evi- dently would not bear any considerable sale even at this comparatively low price. No doubt they have had many imitators here; but the Dutch have been the great buyers of this Stock, partly at low, but partly also at high prices.
In the South American Bonds, the business has been chiefly confined to Mexican, which are now 2 per cent. lower than the price of last week. Brazil are asleep at 74. Russian and Danish, ditto—the first at Ill, and the latter at 743 or 75. In Spanish, the business this week has been less than of late, and the price declined yesterday and to-day nearly one per cent. The last price to-day was 181 to 2.
There is nothing worthy of remark in the Share Market, excepting the resuscita. Con of a long defunct Company, the Eng:id Mining; the shares of which, some eight or ten months ago, were to be had for 30s. or 40s.; and were to-day sold for 22/.10S.
SATURDAY, TWELVE O'CLOCE.—The Consol Market is steady, bet not much doing—the dealers chiefly engaged in adjusting their accounts for Wednesday.
In the Foreign Market—Greek Bonds have fallen to 421, and Spanish to 18. No business doing in any of the other Bonds.
FOUR o'CLocx.—Consols for Account 931 to 4. Greek has been done at 413, but is now a shade better—say 411 to -12. Spanish Market firmer.
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