THE MONEY MARKET.
STOCK EXCHANGE, FRIDAY EVENING.—The aspect of affairs here is much mended since our last report; and although confidence is not yet fully re-esta- blished, we hope that we may be allowed to say, in the idiom of Jonathan, that we are "progressing" towards so desirable a consummation.
The lowest price of Consols was on Saturday last 393; but before the close of business on that day, it had recovered to 90. On Monday, the Paris news was at first deemed so favourable as to induce purchasers at 915 ; but that price continued only for a moment, for a retrograde movement followed to 901, then an ad- vance to 905, thereafter a fall to 90k; and ultimately, after various fluctuations of no great moment, the price remained about 904 or 1, until Wednesday, when a rapid advance of prices occurred, and 915 was paid in some instances. Since then, the price has been down to 91, and up to 911; closing this afternoon at 91.1 to 1. With the exception of two large sales yesterday, the public do not appear generally to have brought their stock to market; and if they do continue to withhold it, it is clear that the parties who sold speculatively last week,must in the end become buyers again, at higher prices. It must be admitted, however, that in the opinion of very many persons, such important and difficult affairs as the late Revolution in France are not to be arranged in a single day. All parties appear to have united against their common enemy, Charles ; but when he is dis- posed of, some differences of opinion are likely enough to arise, which may lead to serious consequences ; and nothing would be likely to have so injurious an effect upon our Money Market, as any such disagreements or disputes in France as might lead to or give pretences for foreign interference.
Money is still abundant, and easily obtained in loans on the security of Stock, or Bonds, or Exchequer Bills ;—but the prices of the last two descriptions of security have not yet recovered to their late value.
In the Foreign Market, most of the Continental Bonds have again advanced, but not yet to their old position. Russian Stock is at about 109, and Danish 72. Brazil Bonds are also higher, viz. 721, and the other South American Bonds are very steady at last week's prices, or rather, perhaps, higher. Greek Bonds are likewise improved to 395, but without much business. In fact, the chief attention of the Foreign Market has been directed to Spanish Stock, the Revolution in France being considered a highly favourable event for the Cones Bondholders. They were lately down to 17, and were yesterday done at 211, although now a trifle lower viz. sot to j.
In the Share Market there is nothing of any great consequence. Imperial Brazil Shares are lower in price, owing to a falling off in the produce of the last ten days' workings, of which the accounts have been received ; but fluctuations of this na- ture are common to an mining operations.
Consols have been done at 92, and the Market appeared very firm at 91Z to 2, but is now heavy at 911, buyers. There has been a good deal of business.
In the Foreign Market the prices asked are ail higher, but there is little or no bu- siness doing except in Spanish, which have readvanced to 215 tel.
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