3 MARCH 1849, Page 9

MONEY MARKET.

STOCK EXCHANGE, TatDAT AFTERNOON.

The pressure of Stock upon the market, occasioned by the continued sales of the public, gave importance to some sinister intelligence from the Continent; and Consols, which had been falling during the week, declined on Wednesday to 91k, a fall of nearly 2 per cent in the whole. A reaction occurred yesterday and this morning, and the price reached 92a, or within a per cent of the highest quota- tion of the week. This improvement, however, was not maintained; the quota- tion gave way again to 91k, and 91k 92 may be considered as the last price of the day. There is no change in the character of the business transacted; the principal feature of the market being the general disposition of the public to sell. As a natural consequence, money has become more in demand; interest at the rate of 3 per cent per annum has been freely given for loans upon the security of Eng- lish Stock. The rate of discount may also be quoted as from 2s. to 3 per cent.

In the Foreign Market, the Scrip of the New Danish Five per Cent Loan con- tinues in favour, and has this morning been done as high as 8 premium, being equivalent to 94 for the paid-up Stock. This demand is mainly owing to the operations of foreign purchasers; the Danish securities being much inquired for in Holland. Mexican Bonds have improved, and touched 27; but are lower to- day. An advance of 2 per cent occurred yesterday in Spanish Stock: the Five per Cents touched 19, and the Three per Cents 30. These quotations were not long supported; for in the course of this afternoon both descriptions of Stock have fallen back to nearly the whole extent of the previous advance. Portuguese Stock is firm at our last quotations. The Northern and better class of European Bonds are rather lower, in consequence of the decline of the English Funds; but the business transacted in them has been unimportant.

The principal subject of discussion in the Share Market has been the resignation by Mr. Hudson of the Chairmanship of the Eastern Counties Railway, and the manner in which that resignation was conveyed. The variation in the prices of the principal Shares has not been important; although, as they are now quoted without the dividend just declared upon them, the quotations exhibit an apparent decline. The minor Shares are generally lower, but the decline has not been ex- tensive. The speculation in Foreign Shares is stilkgoing on. A decline of about 11. upon most of the current varieties occurred on Wednesday; but the market was reestablished yesterday morning, when, as well as in the early part of today, prices were as high as they have recently been. There was not so much firmness at the close; but though the quotations gave way about 5s. per share, the market was firm at the depression.

SATDRDAY, TWELVE O'CLOCK. The English Funds are firmer in the absence of any business of importance;

Consols for Money being 92k and for Account 921j The only change in the Foreign Market is in Mexican Bonds, which have been done at 26 and are nomi- nally quoted at 26 27. The Railway Share Market is without material change; the following being the only bargains as yet recorded: Great South and Western, Ireland, 35i; Orleans and Bordeaux, 31.

921 66 8

3 per Cent Consols Danish 3 per Cents

92i 1 481 9}

Ditto for Account Dutch 21 per Cents 921 3 per Cent Reduced Ditto 4 per Cents 791 801 31 per Cents 931 Mexican 5 per Cents 1846... 261 7

Long Annuities 9 New Grenada 17}

Bank Stock PortugueseN.4 perCents 1842 25 6 Exchequer Bills 75 79 38 45 pm. Portuguese Old 1824 India Stock Russian 5 per Cents ...ex. d. 104 106 Brazilian 5 per Cents 82 4 Spanish (Active) 5 per Cents 171 Belgian 4} per Cents 82 4 Ditto 3 per Cents 1842 29f

Buenos Ayres 25 7Venezuela 26 28

Chill= 6 per Cents 94 7

The accounts of the Bank of England for the week ending the 24th February exhibit, when compared with those of the preceding week, the following results-

BANSINe DEPARTMENT. Increase. Decrease.

2,860 43,968 35,100 155,310

190,410 62,226 Last weet. 15,392,358 18,287,755 Rest...

Public Deposits Other DeNsits Seven-day and other Bills Government Securities, including Dead-weight 51,916 Other Securities Notes unissued Actual Circulation Issas DEPARTMENT £65,922

S.s12,612

349,118 Notes Issued Bullion

This week.

15,329,532 18,132,445 Total Bullion in both Departments Actual Circulation