MONEY MARKET."
STOCK 'EEORANrE. FRIDAY AFTERNOON.
The Bank Directors yesterday issued the following notice; which differs in nothing from those usually issued at the quarterly closing of the books of the various Stocks previously to the payment of the Dividends, except in the rate of interest being reduced 4 per ce .t—viz. from 34 (the rate named in the Decem- ber notice) to 3 per cent. " The Duveruur aud Company of the Bank of England are ready, until further notice, to receive applications for luaus upon the deposit of approved hilts of exchange not having more than six mouths to run. Exchequer Bills and East India Bonds; such loans to ne repaid on or before the 19th April next. with interest at the rate of SI. per cent per annum, and to be fur sums of not teas than 2.060/. each.
•• la every case 01 advance by the Bank .1 England in pursuance or the notice dated this day, a promissory cots yin be requited, whether the advance be upon bats of exchange, Exchequer Bills, or India Bends. 11UuK of England, 2t1 March 1843." The loans raised under the terms of this notice are not likely to be exten- sive ; as it is not very probable that borrowers will pay 3 per cent to the Bank when they can be accommodated elsewhere at from 14 to 2 per cent. The fluctuation of the English Funds has not exceeded 1 per cent. On Monday a considerable quantity of Stock was sold ; that influential body of speculators, known iu the technicality of the market as the " Jewish party," being sellers ; the price, however, was supported by a purchase of 100 0001. by
i the broker of the Court of Bankruptcy : eventually t declined per cent, to
rally again immediately to previous prices. Some large sales have since oc- curred ; and during yesterday aud today more than 200,000/. Consols have been sold for Account, at 95/, by one broker ; and as it appears that be has still more to sell, the price has declined again, closing per cent below tke closing price of last Saturday. The books of the Reduced Three-and-a-half per Cents and Reduced Three per Cents closed in the course of the week; and in the present easy rate of money, there was, as might easily be anticipated, a demand for Stock. There are several reports current as to the proposed reduction of the Three-and-a-half per Cent Stocks: among others, that it is intended to offer to every holder of 100/. 'Tree-sod-a-half per Cent Stock, the option of exchanging it for 1251. Two-a..d-a-half per Cent Stock, which is to be non- reduciute tor one hundred years : the amount of interest) paid per cent to be at 2s. 6d.; and the saving effected upon the whole amount of all descriptions of Three-and-a-hall per Cent Stocks will be 825,0004 per annum. But it is not probable that any plan of the kind would be adopted, as the increase to the nominal capital of the Debt would in that ease be about 55,000,000/. The business of the Foreign Market has not been very extensive, neither has any remarkable fluctuation occurred. Dutch Bonds have been firm at the advanced prices of last week, and have an appearance of further improvement. Brazilian have advanced 1 per cent ; but there has not been any more in the other South American Stocks, or in Mexican. The disputes between the holders of the Portuguese Loan of 1836 have been terminated by some con- cessions on the part of the Government ; and a meeting of the Bninitioldera was held today, nt the George and Vulture Tavern, where the new proposals tor the conversion of the Bonds into Brazilian Stock, were unanimously accepted, and a piece of plate voted to Sir J. L. GOLDSAIID for his exertions in their behalf. The price of Stock is rising; and it sea done a few days ago at 81. The Converted Portuguese Bonds have been without any material change. Spanish Stock has fluctuated about 4 per cent : the movements of the market have not been occasioned by any political occurrences, but have been influenced by the prices of the Builds in the. Foreign Market. Shares generally are sought after as investments ; and some of the neglected Mining Shares have become objects of speculation. Real Del Monte, which were at 2/., have risen to 5/.; and the Lonn-notes, which were at 901., rose to 150/., but have since fallen to 125/. and 122/.10s. The superior clamor Railway Shares are all advancing : Birmingham have been at 218; South-western, 66; Great Western, 96; Edinburgh and Glasgow, 471; Paris and Rouen, 271 ;:all of which are greater or less advances upon previous quotations. South-eastern and Dover have been sought after today, and have been done at 231. There has also been inquiry for Blackwell, but it Las not led to any tides ee in price.
SATURDAY. TWELVE fl CLOCK.
The improvement in the French Funds has caused an advance in our own market. Consols for Money have been done at 96, and are now 951, while the price for Account is 95/ 6. The others are the sante, as are Exehequer Bills.
In the Foreign Market, Spanish Bonds have improved 1 per cent, and Mexi- can declined in about the same degree ; the others are at yesterday's prices.
A great variety of business has occurred in the Railway /shares, mostly at improved prices. South-eastern and-Dover are still in demand, as will he seen by our prices; Eastern Counties, 91; Ditto, New, 111; Edinburgh and Glasgow, 484 •, Ditto, New. 71; Great Western, 954 ; Ditto, New, 691; Ditto. Fifths, 181 ; Brighton, 351 ; Birmingham, 218 ; South-western, 66; Manchester and Leeds, 731 • Ditto, New, 324; Midland Counties, 68 74 8; Ditto, Quarter Shares, 141; Paris and Rouen, 274; Rouen and Havre, 31 1 ; York and North Midland, 96. SATURDAY, Foes &Omen.
The English Funds close at the morning's prices : Exchequer Bills are higher, and are last quoted at 68 to 70 premium. Additional firmness lugs been given to the Dutch Funds, which close at a slight advance, by the arrival of a mail from Holland, bringing improved prices. For the same reason, Port uguese Con- verted Five per Cents have improved. and from 38/ close at 394. Spanish Stock is also higher, although the prices of this security have declined in Holland; the Three per Cents closing at 2714, and the Five per Cents Active at 204 4.
We have to notice the following transactions in Shares, in addition to those reported in the morning. Mines—Del Monte, 4/ 5; Ditto, Losn-notes, 1174. Railways—Birmingham and Derby, 24; Bristol and Exeter, 574 8 ; Eastern Counties, 91; Ditto, New, 111; Edinburgh and Glasgow, 484 8; Great West- ern, New, 691; Ditto, Fifths, 181; Brighton, 3544; Ditto, Loan-notes, 104; Blackwell, 541 4 ; Birmingham, New, 38; South-western, 661 ; Manchester and Birmingham, 231; North Midland, 68; Paris and Rouen, 261 7 ; South- eastern and Dover, 234 ; Ditto, New, 2341. Banks—British North American, 45; London Joint Stock, 121; Loudon and Westminster, 231; Union of Australia, 311. 3 per Cent Consols 951 Chitian Deferred 26 8 Dittu for Aec"unt %I 6 Colombian 6 per Cents,1829. 24 *
3 per Cent Reduced ...... shut Dan sh 3 per Cens 851 64 31 per Cent Ditto shut Dutch 24 per Cents 551 New 3.1 per Cents . 102 Ditto o per Cents 1024 Itauk Stock 176 8 Mexican 5 per Cents Cousd . 30
Exchequer Bills prem 68 70 Pm tow...se New 5 p. Cis.1841 as India Stock 266 8 11117b1:111 per Cents .ex Mr. L Id} 14f Bouillon 5 per Cents 771 81 Spanish (Active) 5 per Cents. 201 1 Belgian 5 per Cents 104 4 Ditto 3 per Cents 1842 27 t Chilian6 per Cents 80 5 The average of the assets and liabilities of the Bank of England, for the four weeks ending the 25th February, exhibits, as compared with the last, an increase of 497,000/. in the amount of the circulation, 788,0001. in that of the deposits, 1,023,000/. in that of the securities, while the amount of bullion has in- creased 240,000L This augmentation in the amount of bullion is the more remarkable, as the export of the precious metals to the United States during the period to which this return refers has been upwanla of 1,000,000/.
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