MONEY MARKET.
The business of the Money Market has been very unimportant, and the prices are at a slight improvement; Console for Money and Account having reached 95k. We cannot notice any large transactions; and indeed, there is scarcely any scope for remark. The premium upon Exchequer Bills has im- proved slightly; those bearing an interest of lid. per day having reached the quotations at which those at lad. per day formerly stood, and the latter having risen 2s. Nothing noticeable occurred at the half-yearly meeting of the Bank proprietors yesterday, unless it be the fact that rather more than 7,0001. was taken from the " rest " or accumulated capital, to make up the amount requisite to provide for the half-year's dividend upon the usual scale of 31 per cent. Money still continues abundant ; and as an evidence that the abundance is not confined to this country, we may cite the fact that the French Minister of Finance has given notice to the holders of Treasury Bonds of his intention to reduce the interest from 3 to 21 per cent ; and yet the French Five per Cents are not lower. The existence of a stock paying 5 per cent interest with a floating debt paying only half that amount, is an anomaly to be found only in France. The business of the Foreign Market has been as unimportant as that of the English Funds. The issue of Mexican Stock has afforded a fertile subject of discussion, but no new facts have been elicited on the subject. It seems un- certain whether the majority of the Mexican Bondholders will accept rite terms proposed by Messrs. L1ZARDI and Co. for the payment of half the dividend due on the 1st October next. A meeting of the Bondholders has been called for an early day next week, when the adoption of some course will be recommended to the public generally ; and it will be desirable that all the holders of the stock should adopt one line of action, to prevent their bonds being for a time unsale- able. Columbian Stock is advancing, and has been done today at 26. It wil be as well to remind the holders of this security, that unless they send their bonds for conversion to Messrs. REID, IRVING, and Co. before the 1st October, they will forfeit the dividends of 1841, 1842, and 1843, due upon the Vene- zuelan portion of the debt-281 per cent, or about 11 per cent upon the nomi- nal capital of the Bonds. Thursday was the only day when the agents re- ceived the Stock-conversion ; but up to and until the 1st October, they will be received daily. The Peruvian and South American Stocks generally arc in demand. The New Brazilian (1843) is also sought after, and has been done today at 711; thus enjoying a greater currency than any of the later Brazilian loans. The transactions in Spanish Stock have been unimportant : it sup- ports its price, notwithstanding the disastrous state of the Peninsula. Portu- guese Bonds are lower, a ithont much business. Nothing of importance has occurred in Railway Shares. The shares of the Australian Banks are generally offered, and there appears to be a disposition in many of the holders to quit this security.
There is not the slightest change in the prices of either the English or Foreign Funds, and hardly a transaction of any kind has occurred. We have to notice the following bargains in Railway Shares: Eastern Counties, 8; Edinburgh and Glasgow, 504; Brighton, 364 i; Newcastle and Darlington, 174. SATURDAY, Two &mom.
The English Funds are without change. In the Foreign Market, the varia- tions are but trifling. Portuguese and Spanish Bonds arc lower ; the former having been done at 43, and the latter (the Three per Cents) at 26/. Colum- bian are in demand, at 251 and 26. The others without any fluctuation. We have to notice the following transactions in Shares in addition to those given in the morning : National Bank of Ireland, 14: Railways—Great Western, New Shares, 63A ; Birmingham, 219; South-western, 6a5 i; Paris and Rouen, 28 ; York and North Midland, 103.
3 per Cent Consols 951 II Chiliau Deferred 39 41 Ditto for Account 95* 1 Colombian 6 per Cents,1824. 251 64
3 per Ceut Reduced shut Danish 3 per Cents 864 74
31 per Cent Ditto. shut Dutch 21 per Cents 53* * New 3* per Cents ... 1021 i Ditto 5 per Cents 1011 * Batik Stock fur Account. ex.div. 179 80 Mexican 5 per Cents Consd 331 41 Exchequer Bills Prem. 60 64 Portuguese New 5 p. Cts.1841 43 4
India Stock 265 7 Russian 5 per Cods 114* 154 timelier, 5 per Cents 75 7 Spanish (Atli% e)5 per Cents. 19 Belgian 5 per Cents 1041 5* Ditto 3 per Cents 1842 264 *
Chilian6 per Cents . . 100 102
Previous page
