MONEY MARKET.
STOCK EXCHANGE, FRIDAY AFTERNOON.
The abundance of money, and the improved appearance of stability in the Government have given a decided impulse to the market ; and Consols have been higher this week than for some time. The high premium of Exchequer Bills is maintained. India Stock is in demand ; the price to. day is 256. The commercial crisis which has occurzed in America has been the subject of much conversation : and not a little alarm is felt by the merchants connected with the United States, as to the extent to which the mischief may be carried. The effect which may be produced upon the metallic circulation of this country, by the withdrawal of the precious metals to fill the void occasioned in America by the almost total destruction of its paper currency, is a question of some importance : but as silver will be the most in demand for such purpose, and it is known that the amount of that metal at present in England is very large, little need be feared, unless the quantity required ;should greatly exceed the contemplated amount. It is rumoured (we know not with what truth), that it has been in agitation among the Bank Directors to lend money upon the European Foreign Stocks. Though the measure has been for the present negatived, we have little doubt that the competition which will shortly arise between this Corporation and the Joint Stock Banks about to be established, will ultimately force upon them all such an employment for capital. The principal subject worthy a remark in the Foreign Market, has been the great demand that has occurrea this week for the Greek Omnimn ; which has been freely purchased at 105 and 106. The bonds of the English guarantee have been at 112 and 114; and are to day 113.1 113.3 ; while those of the Russian and French guarantee are at 101 102. With the improvement of Consols, all the European Foreign Stocks have risen. Dutch 2?-; per Cents. are 50A 11. 5 per Cents. 97i. Belgian Bonds have been done as high as 99. Russian and Danish Bonds are also in demand ; but the Bonds of the Danish loan are so scarce' that very little business has been done in them. The Portuguese Regency Bonds have declined considerably, notwithstanding the last accounts were rather favourable to the Pedroite cause. The price has been as low as which is 6 per cent, below that of last week ; but the market has since im proved, and after having been today 671., closes at 674 Spanish Stock has fluctuated between :32h, and 31i and closes this afternoon at 313. The price of the Bonds in Paris has been tolerably maintained ; but the market at Amsterdam has given way materially upon our decline. SATURDAY, TWELVE &mom Consols for Account have been 91:1; and are now 914 . We have no quotation of India or Bank Stock to day: the business of the Stock Exchange, with the exception of Spanish and Portuguese Bonds, has been very unimportant. The prices of the two last-mentioned Securities are lower than yesterday. By the Royal William steam-vessel intelligence has been received from Lisbon. to the date of 2d instant. No military event of importance had occurred, • and the relative position of the belligerents was the same as when the last accounts were received. The opening price of bonds was 664 ; since winch they have been as low as 654. Some considerable purchases have been effected, and the quotation at present is 66% 3. The closing price of Cartes Bonds in Paris on Thursday was 266, being a decline of 4 per cent, on our last prices. The Bonds this morning have been as low as 311i ; and are now 31% 4. The South American markets are languid; and the transactions in Columbian and Mexican Bonds very few. The Shares generally are at better prices than last week. 3 per Cent. Consols 911 4 Dutch 24 per Cents 501
Ditto for Account 914 § French 3 per Cents
New 34 per Cent. Annnities Greek, 1833. 5 per Cents 105
Bank Stock Mexican 6 per Cents. 59i India Stock for Acct Portuguese 5 per Cents 68* Exchequer Bills 48 50 Do. Regency Sc, ip 5per Cent. 661 1 Belgian 5 per Cents 984 9 Prussian. 1818, 5 per Cent... — Brazilian 5 per Cents ';34 4 Russian, 1822, 5 per Cent .. 1044 5 Danish 3 per Cents 75 4 Spanish, 1821,5 per Cent... 314
Previous page
