MONEY MARKET.

STOCK EXCHANGE, FRIDAY AFTERNOON.

The books of the Three per Cent Consols closed on Wednesday, and those of the New Three-and-a-half per Cents on the following day. These shutting- days, as they are technically called in the language of the Stock Exchange, 4, 0 ...41 peri _ ods of much bustle and actin tf, rclnarily giving es: to eaten- 's news, and as a natural consequence to much fluctuation in prices.

are was, however, if we except a slight demand for money, nothing to relieve the usual inactivity on either of the days mentioned ; and neither on them nor at any other period of the week have any transactions or fluctuation of im- portance occurred. The speculators for the the in the price of Stock seem confident of a further advance, and preferred borrowing money on their Stock at rates varying front 4 to 5 per cent, to bringing to market The Three-and- a-half per Cent Stocks seem in demand; New Three-and-a-half per Cents being quoted at 1004 on the shutting-day, while Reduced Three-and-a-half per Cents have been today at 1001 both an improvement on the comparative price of Three per Cent Stock. The premium upon Exchequer Bills has also ad- vanced about 2s., and is quoted at 44s. premium. The intelligence received from India this morning by the overland mail has not produced any effect on the price of India Stock : this security, which was yesterday at 250 and 250i, is nominally 250 to 252.

In the Foreign Market a decline has occurred in Mexican and Colombian ; the former of which has fallen nearly 2 per cent, and the latter about 1 per cent. The publication of the notification of the blockade of the port of the republic by the Texans, in the London Gazette of Tuesday, has been the ex- citing cause of the depression of Mexican Bonds, while the decline of the Colombian cannot be traced to any particular cause. The South American Securities have also declined without any transactions of importance. Portu- guese Bonds are lower, and have been at one period more than 1 per cent below our last quotations. There has been, however, a reaction, though not to the full extent of the decline. We cannot adduce any reason for this depression, unless it be produced by the fall of Spanish Stock, to which we allude below. The intelligence of the change of Ministry in Madrid, which was brought thence in the short space of five days, reached our Exchange before the commencement of business on Wednesday morning ; and its immediate result was to produce a decline of nearly 1 per cent both in the Three per Cents and Active Stock; and although the market has experienced occasional reactions, -it has never been really firm since, and has given way again this afternoon -under the effect of a large sale of Three per Cent Stock : during the pressure, the Three per Cents have been at 23, and the Five per Cents at 22 ; marking. a decline of 1jper cent. The rapidity with which this intelligence was con- veyed from Madrid is extraordinary, being in less than half the usual time. It was carried by horse-express to Bayonne, and telegraphed thence to Paris; whence it was expressed by pigeons in a few hours to London. The Railway Shares are all declining. The fall in the Great Western and Birmingham during the last three weeks has been about 4/. to 5/. per Share. There may he some reason for the decline in these particular cases ; the aggregrate of the receipts of the latter having been about 800!. less than at the corresponding period of last year, while the amount of tolls of the former has not been so great as might have been anticipated when the whole line came into operation. The decline in Railway Shares is, however, nearly general ; the only Shares maintaining their price being the South-western; and we can only account for the depression by supposing that the dulness of trade in Lancashire has paralyzed the Liverpool and Manchester speculators, who have always been the main supporters of this particular description of security. if proof were wanting of the general apathy of the public for Railway invest- ment, it may easily be found in the little notice taken of the passing by the French Chambers of the bill for a railway from Rouen to Havre. This measure, by making Southampton the port of departure for France in all cases where despatch is required, must have a very beneficial effect upon the tolls of the South-western Railway ; and if any thing like a spirit of speculation were abroad, would have led to an immediate and perhaps considerable improvement in those shares. But although the fact of the passing the bill was known yesterday, it has not led to any purchases of the shares.

SATURDAY. TIFELVE O'CLOCK.

The English Stock-market is very heavy this morning, in consequence of a report of the serious illness of the King of the French, and our present quo- tations are about 4 per cent below those of last night : the business transacted bag, however, been of an unimportant character. Exchequer Bills are rather ‘firmer, and after being done at 45s , are now 438. to 45s. In the Foreign Market, Spanish Stock has experienced a serious decline; and, as is usually the case on such an occasion, all the Non-Dividend Stocks are lower. The Active Spanish opened at 22, and the Three-per Cents at 234. The former has since been offered at 21, and the latter at 24 ; but both have rallied about 4per cent. This decline is occasioned by the receipt of intelli- gence from Madrid to the 30th ultimo, stating that great difficulty existed in forming an Administration. Mexican are 4 per cent, and Columbian about per cent lower than yesterday. Portuguese Bonds are at a depression of about 4 per cent, and there is a general indisposition to purchase all the specu- 1 dive kinds of Foreign Bonds. Tle prices of the Dividend-plying European Bonds are not affected, and no business has occurred in them.

The Railway Shares are all lower. The few transactions that have occurred are given below, and it will be seen that they are at prices from 108. to I/ per share below those of yesterday—an amount of depression which may be said to be general in this description of security : Edinburgh and Glasgow, 514 ; ditto New, 4j; Great Western, 87; Brighton, 354 31i; South-eastern, 244; ditto New, 54 1; York and North Midland, New, 311

SATURDAY. FOUR O'CLOCK.

The English Funds close at the morning's prices, but little business has *centred during the afternoon. In the Foreign Market, an improvement of i per cent has occurred in Spanish Stock, which closes at that advance upon our morning's quotations. The transactions have been quite trifling. The follow- ing transactions have occurred in Railway Shares since the morning; by which it will be seen that Brighton Shares have recovered : the only transaction of moment during the afternoon has been a sale of 75 New South-eastern Shares at 511; Brighton, 354; Greenwich, 64; Manchester and Birmingham, 24j; South-eastern, New, 51 51 6 814 1 64 7

1 1 114

•

4

3 per Cent. Consols slut Columbian 6 per Cents 259 Ditto for Account

914 1

Danish 3 per tents S01 3 per Cent Reduced 911 4 Dutch 24 per Cents 524 .31 per Cent Ditto 991 1001 Mexican 5 per Cent-, Coned . :-51 New 34 per Cents shut Portuguese Regency 51w-rots. ::61.

Bank Stock 167 8 Ditto New 5 per Cents 1841. 304 Exchequer Bills 43 5 pm. Ditto 3 per Cents :221 India Stuck shut Russian 5 per Cents 112 Brazilian 5 per Cents 67 8 Spanish (Active) 5 per Cents 214 Belgian 5 per Cents 102 3 Ditto 3 per Cents 1842

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