The Sun.
London, England, 1825-10-31 00:00:00

[MORNING CHRONICLE.]

The Money Market opened rather heavily on
Saturday, owing to the depression in the private bargains on
Friday ; but the gloom was only temporary, Consols for Account
having advanced in the course of the afternoon to 87k. At the
close of business, 87j was the nearest quotation. The improve-
ment in the morning seemed to have been chiefly the effect of
some pretty extensive purchases in Consols and Reduced An-
nuities for this week, by an eminent broker, and which gave an
additional impulse to the speculations. The market altogether
assumed so much firmer an appearance, that those who were
known to have bought Stock largely for the Account, did not
hesitate to back the rise against the fall, for a large amount.—
These wagers are not, however, always to be depended upon
as a criterion to form an opinion as to the future condition of
the market, but more as a manecuvre to increase the alarm
among the opposite party. There was a good deal of specu-
lation in options among the dealers, from day to day, but not
for any extended period. The New Account for January will
be commenced in the course of this week; as yet we have heard
of no bargains beyond the November Account. The New 4
per Cents. were rather in a feverish state on Saturday, fluctuat-
ing between 103 and 1031. Bank Stock continued heavy at 225,
but this quotation was, for the most part, only nominal. There
was a slight advance in Exchequer Bills and India Bonds—the
former were sold at 4s. prem. and the latter at 14s. prem. With
regard to the Northern Securities, the transactions had been of
little interest, the quotations having remained even more steady
than those of our own Funds. French Stock had given way from
a quarter to a half per cent. both here and at Paris, but there had
been little alteration in the exchange between the two countries.
The South American Mining projects had attracted more
interest than usual, from the extraordinary reduction in the
premiums given for them. Even those shares which no one seem-
ed to doubt would, ere the lapse of a few months, yield an enor.
mous profit, are falling rapidly to the prices they were sold at
on their first introduction at the Foreign Market. The Beall
del Monte, which took the lead, as being considered most valu-
able, and which were sold at 300/. premium per share only a
few weeks since, have been thrown on the Market even at par.
The reduction in the others, during the week, has been as fol.
lows :—Anglo-Mexican, from 65 to 55—Bolanos, 105 to 75—'
Bolivar, 23 to 18—United Mexican, 33 to 30—New Ditto, 24
to 20.—There was a good deal of speculation entered into
at the Foreign Stock Market on Saturday, but it has been con-
fined chiefly to. the Shares, which have experienced great fluc-
tuation, but generally the quotations are lower than on Thurs-
day, although some of them are a little in advance of the prices
at which they were sold in private bargains on Friday.—Greek
Bonds were on Saturday particularly heavy, having opened in'
the morning at 28 ; but in the course of the afternoon fell to
26, and what excites some surprise is, that there appears to be
no effort made to prodlice a re-action. The Old Bonds have
been entirely neglected. In Spanish Bonds there has been very
little doing, but the prices are a shade under what they were on
Thursday.—There has been a great prevalence of sellers among
the dealers in the Trans-Atlantic Securities, which have fallen
one per cent. Mexican Scrip has been sold at 9.j discount,
while the reduction on the Bonds has been from 70} to 68i.
Peruvian Bonds, which, in the middle of the week, met with a
tolerably brisk demand at 61,i, might have been obtained on
Saturday at 60i.