THE MONEY MARKET.
STOCK EXCHANGE, FRIDAY EVENING.—The gloom which prevailed in our Money Market at the close of last week continued, and even in- creased, at the opening on Monday, and a great deal of Stock was sold so low as S74. Exchequer Bills were also done at 63s., which was 12s. below the highest price of the previous week. On the following day, Tuesday, the aspect of the Market improved, and it now became evident, from the -sçarcj..q Stock, that more had been sold than the parties would find it &eiltto3çr on the account day, so near at hand. Accordingly
prieklOregan n Tuesday to 871, and on Wednesday (which was
the -61y Of t1to 88*, and the scarcity of Stock for immediate transfer became so great, that its price was actually * per cent, dearer than Stock for the account of 26th February : and this has been the case more or less ever since. This state of things, so different from what occurred for the last three accounts, has astonished the speculators for a fall, and we are ourselves rather at a loss what deductions to make from it. The readiness of the dealers to sell Stock for a distant period, indi. cates the general opinion among them of an approaching fall ; while the scarcity of Stock for immediate delivery would persuade us that the public is of the contrary opinion. The prices have declined about f per cent. since Wednesday, but from that circumstance no argument can be drawn. In short, we must wait a little longer before venturing another opinion, although we still incline to our old and rather unfavourable views of the effect of the corn importation, and the approaching ter- mination of the small-note currency.
The heavy Stocks are, on the whole, about I lower than they were last week, when Consols were about their present rate. The price of that Stock, it is to be observed, is now quoted ex dividend, and the price of to- day, 86*, is, therefore, equivalent to the 87 of last week. Exchequer Bills have recovered in some degree from the depression of Monday, and are now about 69. Money is tolerably plentiful in the house, but is scarce out of doors. In fact, the means of private Bankers must be greatly diminished by the removal of so many of the accounts of their best cus- tomers to the Bank of England ; and unless the Bank discounts are pro- portionably increased, every additional account, or rather deposit, carried thither, is just so much withdrawn from general circulation.
There has been no business worth mentioning in the Foreign or Share Markets. Almost all the South American Bonds are' lower. Portuguese Stock is back to its old position at 53, and Spanish about 10. Russian alone is advancing, God knows why, and is again above 96.
ONE o'cLocs:.—There is nothing doing in either Market. Consols for Account 86i to
DRITISII FUNDS.
Bank Stock, div. 8 per Cent. 2112 3 per Cent. Reduced, 87 863
3 per Cent. Consols, 86f 3.1- per Cent. 1818,
3f per Cent. Reduced, 95,7, 96 New 4 per Cents. 1822, 101f 4 per Cents. 1826, 105g f
Long Annuities, (which expire 5th Jan. 1860) 19 15-16 20 India Stock, div. 101 per Cent. South Sea Stock, div. 3f per Cent.
India Bonds, (4 per Cent. until March, 1829, thereafter3perCent.) 67 68 Exchequer Bills, (interest 2,1. per Cent. per Diem,) 68 67 69 pm.
Consols for the 26th Feb. 86f
POILEIG:sr FUNDS.
Austrian Bonds, 5 per cent. Brazilian Bonds, 5 per cent. 63 63f Buenos Ayres 6 Cent. 47 48 Chilian, 6 per Cent. 23 24 Colombian, Ditto, 182-1, 6 per Cent. 22f 23 Danish, 3 per Cent. 63 f Greek 5 per Cent. 15 16 Mexican 5 per Cent Ditto 6 per Cent. 33 Neapolitan 5 per Cent. Peruvian, 6 per Cent. 16f 17f Portuguese, 5 per Cent. 53 f Prussian, Russian, 96 Spanish, 92 10f
SH.4RES,
Anglo-Mexican, 201. TB. 10s. per share
Brazilian, Imperial, 631. to 64/.
Real Del Monte, 150/.
Bolanos, 370/. to 375/.
Colombian, 12/. to 13/.
United Mexican, 15/. to 161.