The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1846-11-03 00:00:00

Nov. 3, 1846.

MONEY MARKET AND CITY INTELLIGENCE.
(From the John Bull.)
SATURDAY MORNING.
Very little business was transacted in the public sem.
rities in the early part of the week, and though prices
presented an unfavourable appearance no immediate decline
was expected. Ever since the Montpensier marriage there
has not been that buoyancy which had before character—
ised business, but dulness has been gradually increasing
though the retrograde movement was far from being ex-
cessive. The excitement occasioned by the proposed
alliance had less influence upon English Stocks than was
anticipated, but it was remarked at the time that in all
probability there would be more real cause for apprehen-
sion after than before the event had taken place. This•
now seems to be the case ; for Consols have suffered a
depreciation of nearly 1 per cent. in the course of the last
week or ten days, owing to fears entertained respecting
the contemplated expedition of an armed Spanish force
into Portugal. The great fall in prices occurred on
Thursday, when this intelligence was first spread, and as
it seems preparations have been made for such a pro-
ceeding, the speculators feel alarmed for the consequences.
Under these circumstances they have manifested a strong
disposition to get rid of stock, in order to be prepared for
any great change in the position of foreign relations. The
intelligence from America yesterday was not altogether
regarded as favourable, and the vigorous prosecution of the
war against Mexico is considered indicative of fresh diffi-
culties in that quarter of the globe. It was reasonable to
expect that after so great a decline as one per cent. in
prices some little reaction would occur, and the market
did in fact recover in a slight degree yesterday afternoon
on purchases effected at the lowest quotations, while after
the regular hours of business, the dealings among the
outside operators carried the value of Consols from 94}
for the Account to 941. Whether the dealers were led to
suppose, from information which has not reached the pub-
lic, that they had forced the market to a point of un-
warrantable depression, is a question which the next
twenty-four hours may decide : but in the mean time it
is perfectly certain that large buyers at an advance ap-
peared late in the day, and that this circumstance had the
favourable effect of bringing quotation to this better level.
Bank Stock was last marked 204 to 205 ; India Stock,
259 ; Exchequer Bills, 8 to 12 pm. ; Reduced Three per
Cents., 93 to k.
The Foreign Securities maintained much steadiness
until the change in the value of those negotiated in the
English market, when prices gave way. The dealings
since have been of 'less general interest than before. The
fall in Mexican, Spanish, and Portuguese not producing
speculation, is solely attributable to the manifest dislike
of operators for heavy dealings in securities, which are so
readily influenced by the political events of the day, and
in some measure because the public, as a body, shun them
altogether. The jobbers are, therefore, left to act entirely
upon one another, and as shares are in more general fa-
vour, and the home Funds of a more important value,
they direct their speculative dealings to the latter. Mex-
ican closed yesterday at 22. Spanish Five per Cent., 25f
to 251 ; ditto Three per Cents., 36+ : Portuguese 38 to
40 ; Dutch Two-and-a Half per Cents., 58+ to 9#; and
Columbian 15 to 16.
The share market was buoyant and brisk during the
whole of the early part of the week. The operations were
in many cases considerable, and speculation was active.

SATURDAY NIGHT.
There was more firmness in Public Securities, this
morning, and Consols were ',done for money at 941,
and 91 for the account. The market did not close, how-
ever, quite so firm as was expected, the latest quotation
being 94 for money and 93ii for account. Reduced
Three per Cents. were done at 935; the Three•and_a-
Quarter p.r Cents. at 951 ; Exchequer Bills, 8 11, and
India Bonds, 22 premium. Bank Stock was done at 2041.
The accounts from Paris were considered leis equivocal
respecting the affairs of the Peninsula, which was the chief
reason assigned for the market being better.
Portuguese Four per Cent. Bonds were last done at
391 ; Spanish Five per Cents. at 2b; and the Three per
Cents. at 371. The transactions were limited, but the
quotations will show that the decline of prices was
arrested. Mexican Bonds were done at 22 and 211 for
money and account, and the Unconverted Bonds also at
22. The business was trifling, and there is evidently no
disposition to extend the operations until further accounts
are received from Mexico. Dutch Four per Cent.
Certificates were done at 92.