MONEY MARKET.

STOCK EXCHANGE, FRIDAY AFTERNOON.

A decided change has occurred in the appearance of the Money-market; and, for the first time for several weeks, we have to notice a rise in the price of the Government Securities of nearly I per cent. In addition to the specula- tion for the fall, founded upon the disturbed state of Ireland, several sales have been made in anticipation of the effect to be produced upon prices by a bad harvest; forebodings of which arose in consequence of the weather. Another item in the budget of evils was the attitude assumed by the French Government with reference to Spanish affairs, and the rumoured collection of a French army of observation upon the Spanish frontier: bat nothing has been able to counteract the effect produced by the continued investments of the public, who purchase most resolutely and continuously. The price of Consols for Account rose during the early period of the week, and was yesterday at 92/ 93. A reaction to 924 was produced by the sales of a broker who is in the habit of receiving early French intelligence : but as this operation was met by a purchase of nearly 100,000/. by a broker employed for the Jewish party, the price ultimate rose, and closed at 94. A slight depression occurred this morning, to 93 : but as several minor speculators were buyers for the purpose of closing their accounts, the price rapidly improved to 94 ; to recede, however, upon the sale of 100,000/. by an influential broker at 931, and afterwards to fall to 93, upon the appearance of a vapouring speech by M. GnIzfr, about "de- fending the interests of France " in Spain, and the receipt of a private express noticing a decline of 1 per cent in the prices of the French Funds yesterday. The price has since rallied again ; and, after being at 94, closes at 94 Reduced Three per Cents have improved in the same degree as Consols; and Reduced Three-and-a-half per Cents have advanced 1 per cent, viz. from 1008 to 1018. Bank Stock has receded to 1781, and is today 179. Exchequer Bills have improved, and are 54 to 56.

The last arrival from the United States brought very favourable accounts of the New York money-market ; the new Treasury Loan having risen from 100 to 116, while the Repudiated Stocks had advanced nearly 10 per cent. We have made inquiry, and cannot find that any business has occurred in any of these stocks here in consequence of the favourable appearance in America.

The various descriptions of Foreign Stocks usually current have with two exceptions been tolerably steady, and the business transacted quite unim- portant. Spanish Stock has experienced a very serious depression, and was at one period full 2 per cent below our last quotations; the Three per Cents having been at 27/, and the Active at 181; both which prices occurred in the course of yesterday's business. The market was steady this morning, and soon advanced under the effect of a purchase of nearly 100,0001. by an influential operator ; the Three per Cents reaching 281, and the Active 19g. It broke down again in consequence of the insolvency of a broker, who was a speculative holder of more than 200,0001.; a forced sale of this stock having produced a decline of the Three per Cents to 28, and the Active to 191. An improve- ment occurred towords the close; and the last quotation of the Three per Cents was 281 1, and of Five per Cents 19t

Dutch Two-and-a-half per Cents, which closed on Saturday at 54, have been as low as_ 53, but afterwards improved to 541. Almost all the bro- kers usually employed by Dutch mercantile houses have been sellers of Stock. These operations have arisen in consequence of the reported resigna- tion of the Finance Minister, and the abandonment or postponement of the scheme for the reduction of the Five per Cents. The reported issue of the remainder of the French loan does not receive any credit upon our Exchange.

Nothing of importance has occurred in Railway Shares. We notice an im- provement in the Great Western, Brighton, and some others. The Company formed in France for the constriction of the Paris and Lyons Railway has been dissolved ; the conditions of the act passed by the Chamber of Deputies to authorize its construction being too onerous. The subscription-money will be returned without any deduction, and all bargains made in the Shares are void : those who have sold ate premium will consequently not receive their an- ticipated profits.

SATURDAY. Two o'c.ocit. The English Funds close at the morning's quotations. In the Foreign Market, Dutch Two-and-a-half per Cents have improved to 544, and close at 5414. Spanish Stock is without material variation ; the Three per Cents being 271 t, and the Active 184 /. An express has been received in the course of the afternoon from Paris, noticing a fall of 1 per cent in the price of Spanish Stock in that capital yesterday ; while the accounts from Barcelona, brought by the same conveyance, are very unsatisfactory. The Railway transactions since the morning are—Eastern Counties, 9; Great Western, 901; Ditto, New, 67 ; Brighton, 321: Ditto, Loan Notes, 14; Birmiugbam, New, 354 6; Northern and Eastern, 31 ; Paris and Rouen, 261.

3 per Cent Consols shut Chilian Deferred 35 6

Ditto for Account 931 1 Colombian 6 per Cents,1824. 23 1 3 per Cent Reduced 94 i Danish 3 per Cents 85 6 31 per Cent Ditto. 101; 1 Dutch 21 per Cents 540 4

New 30 per Cents shut Ditto 5 per Cents .... ...... 991 100i Bank Stock for Account 179 80 Mexican 5 per Cents Consul . 28* 1

Exchequer Bills prem 54 56 Portuguese New 5 p. Cts.1841 40110

India Stock shut Russian 5 per Cents 113 14

Brazilian 5 per Cents 71 3 Spanish (Active) 5 per Cents. 181 19 Belgian 5 per Cents 102 3 Ditto 3 per Cents 1842 271 t Chtlian 6 per Cents . 92 94

SATURDAY, TWELVE O'CLOCK.

But little business has occurred in the English Funds. Consols for Account have been quoted at 931 and 931, and there were for a short time buyers at the latter quotation. The price is now 94 1. Exchequer Bills are the same.

In the Foreign Market, the business has been almost entirely confined to Spanish Stock ; upon which the unfavourable nature of the intelligence from Spain, and the Stock thrown upon the market by the failure noticed in our yesterday's report, is producing a depressing effect : the Three per Cents have fallen to 27/ 8, and the Active to IN 19. The other.Foreign Stocks are at yesterday's prices. Business in Railway Shares has been confined to the following : Great Western, New, 66* 7; Hull and Selby, 4011; Brighton, 34 11; Birming- ham, 211 1.