THE MONEY MARKET.
FRIDAY EVENING.—There has been a considerable change in the aspect of the Money-market since our last report, and the calm of the last few weeks has been succeeded by a somewhat stormy atmosphere. Monday being a holiday, the Bank and Stock Exchange were closed, but there was an unusually full attendance of brokers and dealers in Stock on the Royal Exchange, and some considerable sales being made, the fears of the holders of Stock (previously excitea by a variety of unfavourable rumours) were so strongly acted upon, that they all immediately became sellers, and the price of Consols fell, in a very short time, from 871 to 861. Some considerable purchases being made at this reduction, a reaction occurred, and prices rose to 87*, but they shortly after receded to
86i, and, before the close of the day, on some further alarm, actually fell to 86.
On the following morning, however, it soon appeared that the reason s for alarm had been greatly exaggerated, and many of the parties who had so eagerly sold on the day before, were now just as eager to buy. The opening price of Consols, which was 86.1, immediately advanced to 86, and at or near this last price the market, with some trivial exceptions, has remained quite steady. This afternoon, indeed, some considerable sales were effected at 861, and even 86i, but the market recovered before the final close of business. Some anxiety however is felt to know the effect of the fall of Monday on the French Funds. For our own part (although we venture an opinion with great hesitation) we are rather inclined to think that the storm has blown over for the moment—and our reasons for this opinion are, the continued abundance of money, and the continued purchases of Stock by the public, which are fully equal to the sales. The price of Exchequer Bills, which had fallen to 68 premium, is again recovered to 75 and 77, which is within a shilling of the highest rate they have ever reached.
The heavy stocks have fallen about from to I per cent, from the price of last week.
In the Foreign-market, the transactions have not been extensive. Russian Stock is about 14 per cent, lower, and, considering the apprehensions excited by the projected Blockade of the Dardanelles, the wonder is, that the fall has not been greater. Most of the South American Bonds are lower. Spanish, on the contrary, is again * per cent higher. There is nothing doing in Shares.
SATURDAY MORNING, HALF-PAST TEN.—WC have now the prices of
the French Funds down to the close of Wednesday, viz. 74f. 10c. The fall of prices here on Monday, which must have then been known at Paris, does not appear to have any material effect there, and confidence improves here in consequence. Consols 86i to ;I for this Account, and 861 to 87 for November.
BRITISH FUNDS. Colombian, 21i to 22 Bank Stock, shut Danish, 6 Ifr to I ex div.
3 per Cent. Reduced, shut Greek, 19 to 3 per Cent. Consols, 81i1 Peruvian, 20i to 21.1 Ditto, for Acct. 15th Oct. 862 Z Russian, 921 to 93
Ditto, for Acct. Nov. 863 to 87 Spanish, 11A to New 4 per Cents. 10l to 2 s rIAREs.
Exchequer Bills, 75 to 77 Anglo-Mexican, 95 paid 23 to 24 price India Bonds, 87to 88 Rolanos, 300 485 to -190
FOREIGN FuNns. Imperial Brazil, 20 75 to 77 Brazilian Bonds, 624 to I ex. dividend. Real del Monte 400 285
Chaim). United Mexican 38 19i
ONE O'CLocix.—The Market is better : Consols for Account 86'4 to 87; Exchequer Bills 75 to 76; India Bonds 89 to 90.—Portuguese 56i to 57; Brazil 621 to 63; Russian 92i to 93; but little doing however.
FOUR o'CLocK.—There has been considerable business in Consols since two o'clock, and prices were for a moment depressed to 861, but are now again 867; to 87.
The French Government have lately shown themselves very much alive to the merits of a number of Irishmen, who either distinguished themselves about the period of 179S, or are connected with those who so distinguished themselves. Among other instances of recent favour, we have been told of Colonel Corbett— arrested with Blackwell and Morris at Hamburgh, and broke Kilmainham gaol with Napper Tandy—who, within the last fortnight, has been made Commandant and Chef de Police de rEtat Major. Another, Captain Burn, once a United Irishman, has gone with the expedition to Greece. Brigadier-General Shee has likewise been placed on the expedition to Greece.—Morning Chronicle, Don Miguel continues to fill the prisons of Portugal, and to swell the proscription list. Letters from Oporto, dated the 18th September, mention, that six British subjects had been proscribed and their property seized. The individuals themselves had only escaped imprisonment by flight, either into the interior, or on board the ships in the river. Private advices say, that an attempt had been made to assassi nate Don Miguel, by one of his officers, who fired a pistol at the Prince, as he rode in his carriage. The shot missed its aim, and the officer was arrested.
The fever at Gibraltar is not abated. On the 3d ult. a procla mation was issued, ordering that the places of public worship and the courts of justice should' be closed. Up to the 15th there had been 145 cases, and 40 deaths. The fever commenced in the poor part of the town, where it is not uncommon to see from fifteen to twenty Moors and Jews in one room, filthy in the extreme, in which they cook, eat, smoke, and sleep. The vessels in the bay are filled with the respectable inhabitants and their families, and three or four thousand people have taken refuge in the huts and tents of the neutral ground. In consequence of the appearance of this malady (such is the reason assigned) the evacuation of Cadiz by the French is delayed. So strict are the preventive measures in that quarter, that no vessel a allowed to enter the port, or to touch any part 0 the coast. Every one who in any manner facilitates the 'entrance of vessels from Gibraltar is to beput to death : the same doom is denounced against smugglers who land, and all who may assist them. The fever is stated to have communicated to Algesiras, Tariffa, and St. Roche. Two men had been shot for attempting to break the cordon sanitaire established at the latter place.
The Regency of Tripoli and the King of the two Sicilies are at war. The Tripolitan corsairs have captured some Neapolitan vessels laden with corn.
Some suspicion of the fidelity of the Vice-President Santander to the constitution of Colombia and the Government of Bolivar seem to be entertained. The soldiers are said to have treated him rather unceremoniously : and he has demanded their punishment, and his own passports. These have been twice refused him. A report was also current that he was to be tried at Bogota for practices against the State.
An attempt was made to patch up a peace between the republics of Guatemala and San 'Salvador, in South America, without success apparently, since it is now said that the war had again commenced with greater fury than ever. The Southern provinces of the United States still manifest a violent opposition to the new tariff. Anti-tariff meetings are held, in every town and village ; and the general resolution is, that the Legislature of each State be requested to take every means to prevent the use of North American manufactures.
The expense of the Ecclesiastical establishments in Lower Canada in 1825, was 6340/. 18s. 6d. Of this sum 5000/. was paid to the Established Church,—the Bishop of Quebec having 20001.; the Catholic Archbishop at Quebec 1000/. ; the Ministers of the Presbyterian Churches at Quebec and Montreal 50/. each ; and their brother at Argentuil 100i.
The number of passengers which arrived at St. John's during the present season was 1921, in sixteen vessels. This is a decrease, compared with the corresponding period of last year, of 817. A great proportion of these emigrants were quite destitute, and such as had the means generally proceeded to the United States.