8 APRIL 1848, Page 11

MONEY MARKET.

STOCK EXCHANGE. FRIDAY AFTERNOON.

The English Stock Market has bvn heavy during the whole week. The price of Consols, which closed on Saturday at 81*, has been as low as 80; and, after rallying per cent, the last quotation this afternoon is 80* ft,—marking a decline of about 1 per cent from our last prices. Stock has become more abundant; and some heavy sales made by the Bank Broker are said to have been on account of the savings-banks. The supply thus provided has entirely changed the appear- ance of the market. In the early part of the week, Stock could have been bought it per cent cheaper for May than for the current account: the reverse is the case today, and Consols for May are dearer than for Money. The books of the various Stocks the dividends upon which became due yesterday opened for private trans- fer. The dividends were paid to the bankers and merchants yesterday, and will be paid to the public tomorrow. Seine uneasiness was felt yesterday at the probable consequences of the Chartist meeting on Monday; but the proceedings in the House of Commons last night, and the announcement of a bill to provide for the better security of the Crown and Government, have considerably allayed these apprehensions; and hence the improvement that has occurred in the money market today. The premium of Exchequer Bills experienced a consider- able improvement, and was at one time ten shillings in advance of our last quota- tions; having risen to 43. The quotation today is 39s. to 42s. This improve- ment is traceable to the low value of money, loans at short dates being easily obtainable at from 2 to 3 per cent; and to the prevailing belief that the present po- litical disturbances willTroduce an unfavourable effect upon the value of every description of Public Securities. The accounts from Paris received this morning are of more favourable character than any since the Revolution: the Funds ex- perienced yesterday a rise ot 3 per cent—a most unusual event. The confisca- tion of the Paris and Orleans Railway by the Provisional Government has occasioned considerable alarm, not only among the shareholders of the line in question, but among all persons interested in French railways. It is understood that the necessities of the Government have forced upon it the adoption of this step. The gross receipts of the railway are about 1,0001. per diem; and this sum is of importance in the state of po- verty to whieh the Government is reduced. The Shares upon which 201. are paid, and which just before the Revolution were at 481., have today fallen to 161i. A considerable demand arose on Tuesday for bills upon Paris; and the rate of exchange fell to the quotation at which it was current before the Revolution,— namely, to 25 50, being an alteration of about 3 per cent in favour of France. Today it is still lower, 25 40. This demand is said to have been occasioned by the necessity of providing funds in Paris for many bills which have stood over since the Revolution, and of which the payment in due course under present circum- stances can hardly be expected. The gross fluctuation in this exchange daring the last six weeks has been about 8 per cent; it having first gone about 4 per cent in favour of this country, and then reacted to the whole extent of the rise. The Hamburg exchange has also gone considerably against that city. The ex- change upon Holland is tolerably steady. Bills upon Vienna are not negociable upon any terms.

The European Foreign Funds are without any material change; prices gene- rally being within one or two per cent of our last quotations. The tendency, however, is still to sell, and the low prices have not induced any resumption of investment. Some favour was enjoyed by the American Bonds, and purchases in some of them were of continual occurrence: but these securities have experienced a considerable decline; Brazilian having today been done at 54,—a fall of 8 per cent since Saturday. Grenada is also about 2 per cent lower. Mexican Bonds have fallen about 1 per cent. The Peninsular Securities are all lower. Railway Shares of every description are still falling. North-western, which were last week 125, are to day 121; Great Western have fallen from 891 to 81; Midland, from 96 to 93. The less important varieties are also still declining; and in almost every instance the markets for every description of Shares are com- pletely glutted. '

The accounts of the Bank of England, for the week ending the 1st April, exhibit when compared with those of the preceding week the following results—

Increase. Decree.

BANKING DEPARTMENT. as

Best £5,461

Public Deposits

312,431 Other Deposits Seven-day and other Bills 2226475486

Government Securities, including Dead-weight 33,525

Other Securities 78,627

Notes unissued

78,375 Actual Circulation 64,690

UEFA DEPARTMENT.

Notes Issued

13,585 Bullion

105,928

This meek. Las, week.

Total Bullion in both Departments 15,210,866 15,316.794 Actual Circulation 17.667.865 17,608,175

SATURDAY. TWELVE O'CLOCK.

The English Stock Market opened heavily, Console being 80i. An improve- ment has since occurred, and the price is now 801. The business occurring has not been important; the tone of the market is, however, at present good. There is no change in the Foreign Funds. The Railway Shares are lower and the mar- ket declining. Great Western are 811., a fall of 41. since yesterday ; North-wes- tern 119,—the lowest quotation recorded since 1844. The following are the prin- cipal bargains recorded: Great Northern, 2j i; Great Western, 81: Du. Quarter- shares, 11*; North-western, 120 1 119; South-western, 40 1; North British,

Half-aliarea, North.Stagferdehire, 6 i; Boulogne and Amiens, 5i; Paris and Rouen, IL

3 per Cent Consols Ditto for Aticuunt .

3 per Cent Reduced

sel i

801,1 794 I

DANI811 3 per Cents Dutch 2i per Cents Ditto 4 per Cents ....eX div 335 51

si per Cents

NI Z Mexican 5 per Cents 1846.4. 14 15 Long Annuities

Si 4

New Granada II 13 Bank, Stock 1834 54 Portuguese N.4 perCents 1842 13 14 Exchequer Bills 3842 prem. Portuguese Old 1524 5056 India Stock

Russian 5 per Cents .ex. div. 70 5 Brazilian 5 per Cents

53 8

Spanish (Aedve) 5 per Cents 9 10 Belgian 44 per Cents

Ditto 3 per Cents 1542 -

171 I

Buenos Ayr's.;

Venezuela • 18 23 Chllian 6 per Cents

An Account, pursuant to BA2CK OP ENGLAND. the Act 711, and Atli Victoria, cap. 32, for the week ending on Saturday, the lot dap of April 1840.

ISSUE DEPARTMENT.

Notex tuned 110,512,74 Government Debt ......

L11115.100

Other Securities 2.844-900

Gold Coin and Bullion 12,648,784

Silver Bullion 1,893,95f

/26,542,735

£28512.735

BANIft40 DEPARTMENT.

Proprietors. C,ritst

Et4,553,0n0

Government Securities, tin-

Best COM ,315 eluding Dead Weight AnnnItyl 411.72114 Public 11 epos i is' 7,140,125 Other Securities..

12 538,289

Other Depobits 9.580,381 , Notes 10574,870 Seven Dely and other Bills .... 9211,002

Gold and SllTer 110111

668,131

1136480,856 130,200,838 `Including Ex chequer, Saiings Banks. C,onou ners of National Debt dt Dividend Acct.*. -