MONEY MARKET.

STOCK. EXCHANGE, THURSDAY Arrmumex.

A check has been given to the upward movement of the English Funds. The last mail from the United States brought intelligence of a decline in the rate of exchange at New York ; and this circumstance, connected with the decrease in the amount of bullion in the Bank of England, would, it was supposed, lead to an increase in the rate of discount. Some sales of Consols were made immediately upon the arrival of the American packet, and the price fell to 96f. The usual weekly meeting of the Rani Directors, has passed over without any augmentation in the rate : it is reported, however, that at a meeting of the Finance Committee, held yesterday, a resolution to raise it was lost by only a majority of one. The price of Consols has risen both yesterday and today, though the transactions have not been important : the closing quotation this afternoon is 961 k both for Money and Account.

A very ptunful feeling was occasioned in the Stock Exchange yesterday by the default of an individual who has hitherto filled a respectable station as a member of that body. At the settlement of the Foreign Account, the in-. dividual in question received and gave checks upon his bankers,:in payment for various descriptions of Foreign Stock of the value of about 18,0004 Upon these cheeks being presented in the ordinary way through the Clear- ing-house, they were refused payment by the bankers of the drawer. It ap- pears, that of the 18,000/. value thus received, about 9000/. In Stock and in Securities is forthcoming, and no account has been yet given of the dispose) of the remainder.

Some very large transactions have occurred in Mexican Stock, at a consi- derable advance in price, in consequence of the arrival of Signor -Farandon as Financial Agent to represent the Government in its negotiations with the Bondholders. The object of the mission of this gentleman is not very clearly known. Mexican Bonds have, however, risen about 11 per cent, having yes- terday touched 34k. The price, however, is not quite so high today; the closing price being 34 to 34k. Portuguese Stock has been disastrously affected by the news of the insurrectionary movement of Saldanha ; the price having fallen from 36 to 31f. Today, some rather extensive transactions have occurred between 31f and 32k; and buyers have been found at the reduced quotations. For nearly all the Stock brought to market, the closing quo- tation this afternoon may be stated as 32 to 32f. Spanish Stock has not fluctuated materially; the market having been comparatively steady during the week. A slight impulse was given to it yesterday, by the publication of a communication from M. Weisweiller, dated from Madrid on the 10th in- stant, containing information of the convocation of the Cortes for the 1st of June and giving a hopeful view of the prospects of the Bondholders. Rus- sian Four-and-a-half per Cent Stock has unproved, notwithstanding the continued reports about a new loan. The price has reached 991, and the demand for the stock still continues. The transactions in the Dutch and Belgian Funds have been unimportant.

The Railway Share Market has been firmer ; the rise upon the Shares of the more important lines having been from 1/. to 2/. The settlement of yesterday was also lighter than the previous one, and the market may be described as more healthy. The Foreign Shares have continued steady, without any large amount of business or fluctuation ; the market must, how- ever, be considered feeble, and the apparent tendency downwards.

SATURDAY TWELVE O'CLOCK.

The English Funds are steady at the closing quotations of Thursday, with but few transactions. Long before the commencement of business, a notice was posted in the Stock Exchange signed by Mr. James Capel; the Chairman of the Committee of Mexican Bondholders, stating that the Mexican Government had issued an order authorizing the Ame- rican Government to hand over to the Committee of Mexican Bond- holders two and a half millions of dollars due upon the Californian indem- nity, and payable in May 1852. This intelligence has produced a favour- able effect upon the price of Mexican Stock, which was done at 36 at the first opening of the market, being an advance of about lf per cent. The delay of a twelvemonth in the payment of the money having disappointed expectation, the price has since given way, and is now 35f to 36. The other Foreign Funds are without change. The Railway Share Market is steady, with but few bargains ; the following being the only trans- actions recorded—North-western, 129; Midland, 631.

SATURDAY, Two o'Cioca. '

The English Stocks close at the morning's quotations. In the Foreign Market business has been almost entirely confined to Mexican Bonds, which

in the course of the morning declined to 35k, but rallied again and were last marked at 351. It is understood that Messrs. Barings and Co. have ex- pressed their readiness to discount the drafts of the Mexican upon the Ame- rican Government for two millions and a half of dollars, the amount of the indemnity money allocated to the Bondholders, as soon as the drafts them- -selves have been accepted by the Secretary of the Treasury of the United States. The bondholders will therefore be shortly in a position to receive this long expected bonus. The official record of transactions in Foreign Bonds is as follows—Brazilian, 89 1 ; Buenos Ayr.., 541; Equador, 311; Grenada ex coupon, 16k; Ditto Deferred, 41 4; Mexican, 361 351 1 1 f ; Portuguese Four per Cents, 32k; Russian Four-and-a-half per Cents, 991 k k ; Spanish Active, 19/ 1 1 ; Ditto Passive, 54 1; Ditto Three-per-Cents, 394; Venezuela, 33 If 21; Ditto Deferred, 12. 'The Share Market has been animated during the afternoon, and prices are in almost every instance higher. The following are the principal bargains recorded—Aberdeen, 161 4; Ambergate, Notts, and Boston, 51 J; Bristol and Exeter, 804 81; Caledonian, 161 1 1 I ; Eastern Counties, 71 I ; East Lancashire, 171 18; Great Northern, 1814 i ; Great Southern and Western, (Ireland,) 42k; Great Western, 88f 9.1,Ditto New 171., 141; Lancashire and Yorkshire, 631 1 1 1 41; London, Brighton, and South Coast, 974 8; London and North-western, 129 81 30 4; Ditto New Quarter-shares, 221 4; Ditto Fifths, 17k; London and South-western, 88f 91 ; Boulogne and Amiens, 91; Central of France, (Orleans and Vierzon,) 171 4; Namur and Liege, 81; Northern of France, 141; Rouen and Havre, 10f ex div.; West Flanders, 3/ 1.

3 per Cent Consols

Ditto for Account 3 per Cent Reduced 31 per Cents Long Annuities Bank Stock Exchequer Bills India Stock Brazilian 5 per Cents

Belgian 44 per Cents Chilian 6 per Cents Danish 5 per Cents

k

377 i I

964 1 971 98 7 5-16 4 — 54 57 pm 262 4 88 90 92 4 102 4 100 102 Danish 3 per Cents Dutch 24 per Cents Ditto 4 per Cents Mexican 5 per Cents 1846 Peruvian 6 per Cents Portuguese 4 per Cents 1842

Portuguese 5 per Cents 1824

Russian 5 per Cents Ditto 41 per Cents Spanish (Active) 5 per Cents Ditto 3 per Cents 1842 Venezuela

76 8 581 9/ 89/ 901 351 4 841 51 32 3 86 9 111 112 91991 i

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32 33