MONEY MARKET.

STOCK EXCEIANOS, THURSDAY APTERNOON.

There has been rather a heavy pressure for money during the last few days at the Stock Exchange, occasioned by the delivery of 200,000/. Stock on Tues- day : the rate of interest, which had been 3 per cent, rose to between 5 and 6, and money was for a short time in demand at that rate. The prices of the Funds, however, have not been materially affected; Consols not having fallen more than per cent, while New Three-and-a-half per Cents were at one time per cent below our last prices. The supply of Stock became absorbed by the silent operation of the investment of the public; and the market closed yesterday afternoon at an advance of per cent upon the lowest quotations, and has been today steady at the improvement. The premium upon Exche- quer Bills has declined 2s., and is today quoted at 27s. to 29s. India Stock has been quoted today, for Money, at 240 and 241; which may be considered a trifling advance upon previous quotations. In the Foreign Market the business has not been extensive. The delay in the arrival of the Lyra packet from Mexico, which was due on the 20th, and is expected to bring a large quantity of dollars for the Dividends, has thrown a damp upon the speculation in Mexican ; which have experienced a decline of nearly 2 per cent from recent prices, but have recovered again to within a little of the previous quotation, having been in demand both today and yesterday. No business of importance has occurred in the other South American Bonds.

since the last statement of November 1841. The total amount is 423,0581. 15s.; ment of the amount of the Portuguese Stock and over-due Coupons converted The Financial Agency of the Portuguese Government have published a state- which added to the amount previously converted, carries it to 4,825,7142. 17s. 6d.

The following is the present state of the Portuguese Foreign Debt ; by which it will be seen that a considerable portion of it has been converted into Five per Cents, under the decree of the 2d November 1840.

Original Amount. Outstanding.

Five per Cents Regency 1832 and 1833 £4,600,000 Redeemed previously to 1837 £765.000 Converted to 1st February 1842 1,181.700 1,946,700 £2,653,300 0 0 Five per Ceuta. Goldsmid's 900.000 900,000 0 0 Five per Cents 1837 1,000,000 Converted 331,900 Three per Cents 1835 6,000,000 Redeemed previous to 1837 £117,400 Converted 2,742,150 -- 2,849,550 Six per Cents 1833

Redeemed by issue of Three per

Cents £811,800 Converted 51,700

900,000 863,500

668,100 0 o

3,150,450 0 0

36,500 0 0 The amount of Old Stock converted is £4,306,460 0 0 Which, with the addition of 518,2641. 17s. 64. over-due Coupons, has been converted into New Five per Cents 3,746,929 4 11 The Debt has consequently been reduced by £559,530 15 1

The transactions in Portuguese Securities have been quite unimportant, and the fluctuations as insignificant.

A meeting of the Spanish Bondholders was held yesterday ; when it was al- most unanimously resolved to accept the proposed terms offered for the capitali- zation of the overdue Coupons. The effect of this resolution will be that the New Three per Cent Stock will be admitted to quotation in the Official List of the Stock Exchange, and not excluded as is the New Five per Cent Portuguese Converted Stock. A bargain has occurred to-day in the New Spanish Three per Cents, at 20j; and the current quotation is 20 to k. The transactions in Spanish Active Stock have been unimportant.

The same remark applies to the Northern European Stocks, and indeed the operations both in the English and Foreign Fonds have been very limited. The report of the Committee appointed by the proprietors of the Brighton Railway at their last general meeting to inspect and report upon the accounts of the corporation, has been published. The only point of general interest is the fact that a liability of 71,000/. has been stated twice over and instead of the expenditure amounting to 2,639,000/., as stated by the Directors to the meeting, it has only reached 2,568,000/.

The business in Railway Shares has been on the same limited scale as that of the Funds, and nothing worthy of remark has occurred.

SATURDAY, TWELVE O'CLOCK.

There is scarcely any business doing this morning ; the attention of the members of the Stock Exchange being chiefly engaged by the ballot for the election of the Committee, which is held today, in consequence of 25th instant having been Good Friday. The prices of all the Foreign and English Funds are the same as on Thursday.

We can only notice transactions in the following Railway Shares : Great Western, 59*; Manchester and Birmingham, 27*; York and North Mid- land, 94.

SATURDAY, Foca o'CLoca.

The only variation in the English Funds has been an improvement of h per cent in New Three-and-a-half per Cents, which have been done at 99*. The others close at the morning's prices. The Foreign are, with the exception of Columbian and Mexican, without variation. The former has improver' k, and the latter about I per cent; Columbian closing at 26* k, and Mexican 42* k. There has not been any arrival of the expected Mexican mail to cause this rise; which has been the result of a few trifling purchases.

The following transactions have occurred during the afternoon in Shares. Railways—Eastern Counties, 10*; Blackwell, Ilk ; 'Midland Counties, (Quar- ter Shares,) 3.5; York and North Midland, (New Shares,) 32*. Bat.!cs- Union Bank of London, 9.

3 per Cent. Consols Ditto for Account 3 per Cent Reduced 34 per Cent Ditto 891 4 895 shut shut Columbian 6 per Cents Danish 3 per Cents Dutch 24..pee Cents

Mexican 5 per Cents Coned

26 1. I 814 24 52 424 t New 34 per Cents 99 4 4 Portuguese Regency 5 perCts. 34 1 Bank Stock 1694 170 Ditto New 5 per Cents 1841. 284 9 Exchequer Bills 27 29pm. Ditto 3 per Cents 20 India Stock shut Russian 5 per Cents 1124 1134 Brazilian 5 per Cents 69 71 Spanish (Active)

241

Belgian 5 per Cents 1034 44

The average of the circulation of the Bank of England, Joint Stock, and Private Banks, for the four weeks ending on the 5th instant, was published in the Gazette of the 18th instant. The return furnishes a painful record of the decline of our commercial transactions, as evidenced by the falling-off in the amount of the circulation ; which, as compared with the average of the four weeks ending 5th February, has suffered a diminution of 1,247,4864 under the following heads—

ENGLAND.

Bank of England 4508,000

Private Banks 233,069

Joint Stock Ditto 77,915

818,974

SCOTLAND.

Chartered Private and Joint Stock Banks

111,773

laziAND.

Bank of Ireland 90,325

Private and Joint Stock Banks 126,414

216,739

£1,247,480

The bullion in the Bank of England has increased 669,000/. in the same period, and is now 6,281,0001.; at the corresponding period of last year, it amounted to 4,339,0001.; at the same period in 1840, to 4,271,000/.

Making the total amount of theOld Debtnow outstanding #7,408,350 0 0 To this must be added the amount of the New Stock is- sued to 28th February, in exchange for the Old Bonds

converted ; viz 3,729,500 0 0 And Provisional Certificates; viz, receipts for small MIMS of Stack, which are convertible into Stock, and

most be so considered 17,429 4 Making the total of all descriptions of Bonds X11.155,279 4 11