MONEY MARKET.
STotot ERODANOI, FRIDAY ATIRRIROON. or three influential purchasers. Spanish Stock is without any material variation. noticed last week; all the stock which came to market having been taken by two 100/. Five per Cents, or will be offered less favourable terms. they have not already assented) can therefore no longer exchange their 100/. curities have again advanced ; the Converted Stock having been as high as S24. The character of the business transacted has been the same as that speculators. The number of new schemes is continually increasing ; several purpose of liquidating a part of the Belgian portion of the Dutch Debt, is to be in a Two-and-a-half per Cent Stock, at the price of 50* per cent, with an ex- having been this week added to those already existing. The existing shares are all heavy ; and some, as the Great Western and Bristol and Exeter, &c., the proposed conversion of the Five per Cent Stock. The present holders (if change of 25 francs per 1/. sterling. The Dutch Government have given notice of the termination on the 22d instant of the period fixed for assenting to Five per Cent Stock for EU Four-and-a-half per Cent Stock and 3i per cent in money ; and it is uncertain whether they will be allowed to accept the al- ternative of 100/. Four-and-a-half per Cents and 3 per cent in money for every of the Northern European Securities have been maintained Portuguese Se- cations for subscription to a new Belgian Loan. The Loan, which is for the have suffered materially in price from the threatened competition of new and in some cases shorter lines. The newer varieties do not generally appear in they experienced last week, and the repayment of the loans to the Bank on and-a-quarter per Cents made long ago for that day by the Bank-broker. The impulse thus communicated was, however, but temporary : both yesterday and tive prices as compared with the Three per Cent Stocks. There does not ap- pear to be any ostensible cause for the decline in price Just alluded to, unless revived under the effect of the completion of some large purchases of Three- clined to 202. The New Three-and-a-quarter per Cents maintain their rela- at may be referred to the speculation now going on in the various description of Railway Shares; which, by occasioning a great demand for money to pay the this afternoon at 71s. to 738. the 23d instant did not cause any great demand for money ; but the market. today the sellers have predominated, and the reeult has been to cause a decline of prices to nearly the lowest quotations of last week; Consols for Money deposits upon the new undertakings, causes the withdrawal of capital from the English Funds. The premium of Exchequer Bills has declined to 71s.; closing closing at 991 100, while the price for Account is 1001. Bank Stock has de- The Railway Shares have monopolized nearly the entire attention of the Messrs. ROTHSCHILD have given notice of their willingness to receive appli- The business of the Foreign Market has not been very extensive. The prices The priers. of the Government Securities have not yet recovered the shock great favour, many of them being either at a discount or at a very small pre- mium; and it would be imagined from the state of the market that small en- couragement was offered to the many schemes daily thrust upon the public. A remarkable improvement has occumed in Southampton Dock Shares ; which from 15/. per share have risen to 30/., at which price they are in demand. This rise is attributable to the continued increase of the business of the Company. There is no material variation in the price of French Shares. The lesser varieties are not quite so much in demand. SATURDAY. TWELVE O'CLOCX.
So little business has occurred in the English Funds this morning, that the official list (the record of bargains actually transacted) is up to the present tune quite a blank. The operations of the Foreign Market have been limited to the following business in Railway Shares—Great Western, Half-shares, 84i ; Birmingham sod Gloucester, New, 103; Bristol and Ditto, 43; Eastern Counties, 131 : Midland, 104; Newcastle and Darlirgton Junction, 44; South- eastern and Dover, 43i; Paris and Rouen, 40; Orleans, Tours, and Bourdeaux, 311; Central of France, Constituted, 8. SATURDAY. Two o'croocs.
The English Funds close heavily at 1 per cent below the morning's prices ; but no bargains of importance have occurred. Bank Stock has been done at 202i-for Money ; and subsequently at 202 for Account. India Stock is quoted at 287.
In the Foreign Market, Portuguese Bonds are in good demand ; and Spanish Stock depressed ; the latter in consequence of sales by brokers who have the credit of acting for well-informed speculators. The Five per Cents Active close at 24 1, and the Three per Cents at 34i R. The Railway Share Market has been in a state of great activity ; as will be seen by the following list of bargains occurring since the morning : Birming- ham and Gloucester, 1021 3*; Bristol and Gloucester, 44; Caledonian, 4h ; Eastern Counties, 131 -1 ; Edinburgh and Glasgow, 591 ; Ditto, Quarter- shares, 15; Great Western, 137; Harwich, li ; Birmingham, 214; Brighton, 471 i ; Croydon, 16i i i ; Midland, 104i ; Newcastle and Darlington Junc- tion, 45 ; North British, 51; Northern and Eastern, Quarter-shares, 16i ; South-eastern and Dover, 42*; Ditto, New, 16; York and North Midland, 1071 ; Paris and Orleans, 394 ; Paris and Rouen, 40* h; Paris and Lyons, 2* ; Strasburg, 2i. ; Central of France, (Alas erman's,) 4j; Ditto,Conetituted, 81 94.
3 per Cent Consols 991 i Danish 3 per Cents 88 9
Ditto or Account 991 100 Dutch 24 per Cents 624 3
3 per Cent Reduced 994 Ditto 5 per Cents.... ex div. 984 I 34 per Cents 1011 { Mex lean 5 per Cents 341 4 Bank Stack . 202 3 Ditto Deferred 154 4 Exchequer Bills prem. 71 3 Portuguese New 5 p.Cts.1841 514 24 India Stuck 287 Russian 5 per Cents.. .ex d. 118 19 Brazilian 5 per Cents 84 6 Spanish (Active) 5 per Ceuta 234 4 Belgian 5 per Cents 1034 44 Ditto 3 per Cents 1342 341 It Chiba"' 6 per Cents....ex div. 101 3 Venezuela Active ....ex div 40 2 Columbian ex Venezuela 144
The usual monthly return of the Local Circulation for the four weeks end- ing 12th October, exhibits, as compared with the return of 14th September, an increase of 1,199,727/. : the circulation of the Bank of England has increased 1,054,880!.; so that the total amount of Bank-notes now in circulation is at presenet 2,2a4,6071. more than it was four weeks since. During the same period, the amount of bullion in the Bank of England has fallen to 14,190,082!.; - a decrease of 1,018,333/. With reference to the weekly return from the Bank of England, by comparing the present table with that for the 7th September, when the new system began, it appears that the notes in circulation have increased by 906,975/. ; while the bullion has decreased by 629,385/.
Previous page
