28 MAY 1842, Page 11

MONEY MARKET.

STOCK EXCHANGE. FRIDAY ATTERIZOON.

The occurrence of the settlement of the Consul Account has been the only circumstance worthy of notice during the week. This event took place yester- day, and occasioned a demand for money; the " continuation" or premium paid by the speculator to the capitalist for holding Stock till the next settling- day (15th July) having been in some cases nearly as high as 5 per cent. The price of Stock has, however, been well supported, the quotation having today been as high as 92A for Money and 931 for Account : the market flattened a little towards the afternoon, and the closing prices were 94 a for Money and 93 to a for Account. The Three-and-a-half per Cent Stocks have been in demand ; the New Three-and-a-half per Cents having reached 101a, and the Reduced Three-and-a-half per Cents 100A. Exchequer Bills have been gra- dually improving all the week ; and the premium of these securities has been today as high as 40s. The following are the days fixed for the closing and reopening the books of those Stocks the Dividends upon which become due in July.

Shut. Open. Three per Cent Consols June 1st July 15th. New Three and-a-half per Cents .,24 ditto. Three per Cent, 1726 „ 9th July 12th. New Five per Cents „ 8th ,, 14th. Annuities. January 1860 ........ „ 6th „ 20th. India Stock , 24 „ 14th.

South Sea Ditto „ lit „ 13th. New Annuities . . . „ 24 „ 14th.

In accordance with the usual custom at this period of the quarter, the fol. lowing notice was issued on Thursday by the Bank of England-

" The Governor and Company of the Bank of England are ready until further notice to receive applications for loans, upon the deposit of approved Bills of Exchange nut having more than six months to run. Exchequer Bills, and East India Bonds; suet' loans to be repaid on or before the 15th July next, with interest at the rate of 4 per cent per annum. and to be 6r sums of not less Hutu 2;0001 each."

The rate of interest for money, although high in the Stock Exchange, is not so generally, and discounts are easily obtainable at 3it per cent; it was hence supposed by some persons that the rate of interest on the Bank loans would have been 3, instead of 4 per cent. The business of the Foreign Market has not been extensive. Portuguese Stockgave way more than A yer cent on Monday and Tuesday, in consequence of a large sale by an influential broker, but has since recovered : and the quo- tations of this afternoon are 1 per cent above the lowest of the week. Spanish Stock was in demand towards the close of yesterday, and again this morning ; the Five per Cents (Active) having reached 23a, and the Three per Cents 231: both_gave way again today, upon the appearance of the second edition of the Chronicle, stating, on the authority of the French papers of yesterday, that an insurrectionary movement is expected to take ,place in Barcelona. The prediction of insurrections and tumultuary movements in Spain is as favourite a ,subject with French journalists as the underhand concoction and support of such outbreaks is with the French Government; both parties seeming, by a sort of instinct shich we suppose is national, to feel that the pros- perity of the Peninsula is incompatible with the prtelorninance-d French influence; and when the Government of Louts Pettratint is ncit hatching plots, the journalists of Paris endeavour to ruin Spanish credit by predicting disaster. The other Foreign Funds are without material variation.

The Railway Shares are also heavy, and the prices generally lower • the pro- vincial markets for these Securities being all on the decline : the business transacted has not, however, been extensive.

SATURDAY. TWELVE O'CLOCK,

The English Funds are nearly at yesterday's prices, with but little doing.

In the Foreign Market, the arrival of 12,000 dollars on account of the Mexi- can Dividends has given an impulse to the Bunds, which have advanced a per cent, and are 37a a. Some large purchases of Spanish Three per Cent Stock has caused a rise of 1 per cent in that security, which has been done at 24, and is now 23a 4; while the Five per Cents (Active) remain steady at 23 to 1. It is reported that the advice!' received this morning from Madrid state that the arrangements for providing the funds for payment of the next Divi- dend on the Three per Cent Stock were completed, and that there can be little doubt of its being paid in course. The other Foreign Stocks are without ma- terial variation.

The following transactions have occurred in Railway Shares : Cheltenham and Great Western, 22; Eastern Counties, 91; Edinburgh and Glasgow, 52A 1; ditto, New, 4; Great Western, 90k; ditto, New, 62 A • ditto, Fifths, 91 ; South-western, 63; South-eastern, New, 6a ; York anti North Midland, 94.

SATURDAY, FOUR o'CLocx.

The English Funds close at an advance of A upon our morning's prices. Exchequer Bills have also advanced Is. In the Foreign Market, the variations from previous quotations are as unimportant as Las been the business. Spanish. Active has declined A per cent ; as have the Three per Cents. Mexican have beets at an advance upon the morning's prices, and close at a alight advance, upon them. The others are the same.

92. 1. Columbine G per Cents ....

93 1 Danish 3 per . ruts 911 1 Dutch 21 per Cents 101 1 Mexican 5 per Cents Gonad .

100 Portuguese Regency 5 perCts.

167 8 Date New 5 per Ceuta 1841 38 40 Ditto 3 per Ceuta 249 51 Itussiali a per COMB 67 9 Spanish (Active) 5 per Cents 102 3 Ditto 3 per Cents 1842

The usual monthly statement of the quart:9.1y average Of the weekly liabili-

ties of the Ban instant, appeared of England for the three months ending on the 21st

appeared in last night'sGazette. As compared with the statement of last month, there is an increase in the Circulation of 301,000/. and in that of the Bullion of 442,000/., while the Deposits have diminished by 162,000/. and the Securi- ties by 562,0001. As compared with the statement of the three months pre- ceding, viz. from 7th December 1841 to 1st March 1842, there is an increase in the Circulation of 767,000/. and in the Bullion of 1,345,0001„ while the De- posits have decreased 909,0001. and the Securities 2,333,0001. The amount of Bullion is now 7,032,000!.; which is greater than at any period since April 1839,.ancl nearly treble the average of the mouths of October, November, and. December in that year. It will be seen from this statement that the position of the Bank may now be considered a very secure one.

3 per Cent. Cunsols Ditto for Account 3 per Cent Reduced 31 per Cent Ditto New 31 per Cents Bank Stuck Exchequer Bills Italia Stuck Brazilian 5 per Cents Belgian 5 per Cents .

261 71 801 tiff 521 31 37141 bit * 314 Id .22/.1 112 14 23 i 231 4