New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1847-04-08
On today. quotations as compared with ihs earliest



FRrpAY March 5-P. M-The competition tor the loan
Of 900 600 took place on Monday according 20 pre-
yious notice. Messrs Barings and Messrs hotnsenids
coalesced their offers similar, Va -st and they
were declared the contractors AZ that price IL has been
already stated tina, the Loan in three per cent Con
sos ana that the bidding 10 state 81 what price per
cent the contractors were willing 10 purchase that
description OF Stock Of the Government II has
beeu usual for the competitors 10 tender Tor the
amount Of Stock they are willing TO purchase with
aIO0 money and the tender naming the lowest
amount of stock il consequently accepted The total
amount Of Stock created By this operation 10 A-s3--
5is three per cent. Consols the annual charge tor
the dividend 10 426s l56 "a l0d and the amount 10
sed AZ the annual interest Of - 20 per cent We have
already mentioned expectation that the Loan would
have been Three.snd Half per Cent stock and II is
not doubted ths, If sufficient term OF years had been
Guaranteed during which il should have been irreduci'
lie the Minister might have sold Three and Half per
Cent stock ct par When the price OF Three per Cent
Con,us is sgi Three aud sHalf per Cent Stock ire
ducibe for thirty nine years, Is worth lgo per cent
The value being compounded Of that OF tlUO Z :. ds
Three per Cent Consuls -: -.-.--.----. - ~
And the value of an annuity Of los per annum
for thirty nine years which, reckoning IN
terest at - per cent is worth..-.--..---- ~ II
100 / 3
Az however Three and sHalf per Cent is not so cur
rem, an article In the money market as Three per Cent
Consos the Minister must have given some bonus 10 in
duce the public TO take the Loan IN the former descrp
tion of Stock; II be had announced his intention OF
making loan in Three-and s,Half per Cent Stock at
mar taken the biddings in the number OF years Tor
which the stock should be guaranteed against reduction
and extended that guarantee TO atty years the value OF
the Stock would have been raised TO lOf there could
commemorative have been difficulty In disposing Of
asOO0OOO OF this description at par. THUS an addition
of nearly 100000 TO the capital OF the debt would
have been avoided and by providing that the interest
of the new Stock should al maturity be absolutely re-
duced 10 Three per Cent. future saving Of 10000
would then be effected in the annual charge.
AT the opening OF the market on Monday, the Scrip
was AZ premium but has since been gradually declin
,sah aap tod loyrG "a
have also declined nearly per cent the price FOR Mo
new having been as low as c9. while for Account the
quotation has fallen to 90 the market closing cavity
and without any symptom of rejection. This Is the last
dsy fixed for the exchange OF Exchequer Bills which
rive AT maturity in March The recent increase Of nte
rest to Cd per diem has not given them any increased
rmness In the early part OF the week large sale oc
Cured the price declined TO 2s discount but subse
0uently huctuated between 3s. and %. The decided
change in the appearance of the market Is chiefly at
tributsbe TO the demand for money for the completion
of railways; many of the principal Railway Companies
being now in the market as borrowers at per cent
and as long such interest can be obtained capital
will be attracted 10 the best market
Scarcely any business has occurred in the Foreign
Funds The Northern European and better class OF
stocks are higher while the Portuguese and spanish
have declined.
Most of the Railway Shares have been supported at
or near the quotations OF last week the evident tenden
CIV 10 Improvement being checked by the hesviness of
the English Funds Scarcely any transactions have oc
Cured in the French Shares which till to-day gen.
orally well supported NJ the quotations Of last week;
but with the decline of the English they have given
way and the closing quotations from 80 10 los per
share lower.
sAruRDAY. March 6-Trert o'eoek-Advices from
St Peersburgh received this morning bring intelligence
of a decline in the exchange of nearly per cent viz
from Al per roube to SD As this decline If continu
Gus, will put an end 10 all shipments OF bullion to
Russia the knowledge Tits occurrence produced mo
mentary effect upon prices. Consols Tor account were
first done ct s93 and stterward at 90 The price has
however again given way and is now quoted at SOL
The Scrip of this new loan is premium The premi-
um OF Exchequer Bills Ia unchanged, Sc to ts In the
Foreign Market the only variation is in Spanish Stock
both varieties of which are lower. The business In
Railway Shares has been Of very general character
and upon the whole prices are not quite 80 well sup
ported as yesterday
Trio o'elock-T6e Stock Market continues in very
unsettled state and Consos have been as low as the
contract price for the Loan namely e9., bringing
down the Scrip 70 70 Cd 10 2s cd premium or just an
allowance for the difference of interest Even for the
April bargains have been made at the reduced
prices of sol TO s9i The accounts from Ireland France
&c relative to the grain markets the pinch for money
this week and the report OF new foreign loans being on
the tgpi together with the unpleasant reports which
have found currency, have had decided influence on
the market Exchequer Bills keep pretty steady at IS
10 6s prem
The Foreign investments have been heavy. Spanish
Five per Cents %. 70 22 and the New Three per
Cents 33t to 33t The other secertes are almost NOM
inal. Brazilian, sc to e.
Shares have been decidedly lower and there sales
pressing inc foresn Lines are relatively hrmer than
tho English.
London Corn Market....FsIDAs. March g.
Since Monday the arrivals OF English Wheat have
been on a very limited scale and the show of samples
to-day tridng Still, however, the home millers
purchased with extreme caution but as about l 200
quarters OF Red taken for France those qualities
improved fully L. per quarter In White Wheat very
little was doing at late rates In Foreign Wheat good
business transacted for export 10 France and the
quotations had an upward tendency. Both Barley and
Malt were excessively dull and the turn lower The
large arrivals of Oats from abroad produced much
hesvness in the trade and prices receded quite Is per
quarter. Beans very dull, aud Is. per quarter
lower than on Monday. Al other articles were slow
inquiry.