MONEY MARKET.

Mom Baena:con, FRIDAY Arrmucooir.

After the close of business on Saturday, it became known that the Bank Directors had raised the rate of interest upon loans on the security of Stock, from 2 to 2} per cent; some transactions then occurred in Consols at a de- cline of per cent upon the closing price of two o'clock. On Monday morn- ing the opening quotation was 961:, being about 1 per cent below the last price at two o'clock on Saturday. The Bank Directors appear to have taken the resolution to advance the rate of interest in consequence of the an- nouncement that a Russian loan had been concluded by Messrs. Baring, Brothers, and Co.;which although not officially made known till Monday, was confidentially rumoured in influential quarters on Saturday. The Eng- lish Stock Market has continued in a depressed state ever since ; the fluctua- tion of Consols having been between 96 and 961, and the closing price this afternoon being 961 for Money and 961 for Account, Some very sales of Stock have occurred, principally by the Broker who acts for the Scotch Banks. At the settlement of the Account on Wednesday, the deli- very of Stock was large ; and during the temporary pressure thus occasioned, the "continuation' for the February Account was from to per cent. But the pressure has been relieved, and.the difference between the price for Money and that for Account is today only 1 per cent. The Russian Loan above referred to has been the chief subject of discussion in the Foreign Market. The amount is 6,500,0001., to be raised in a Four- and-a-half per Cent Stook at 93. It is a "commission" loan; that is to say, the mercantile houses concerned in it have only undertaken the sale of the Stock on behalf of the Russian Government, at a stipulated commission, and have not entered into any contract to provide the sum required : the only risk they run if the undertaking should not prove successful, is the loss of their anticipated commission. The instalments are to be made monthly, so that the whole will be paid up in July. We believe that no transactions have actually occurred in it, though 2 per cent premium has been offered. It is understood that today 113 the last day for receiving the subscriptions of parties resident in England; while those of persons residing abroad will be received till Monday. The existing Five per Cent Russian Stock has fallen about 3 per cent, and is today done as low as 1074 ; the previous quotation having been 110 to ill. The Northern 'European Stocks are also rather lower, and there does not appear much disposition to transactions in them. South American Bonds are still in demand ; especially Peruvian, which have reached 67. Mexican are lower, and, after being at 29, close this afternoon at 294 I. Both Portuguese and Spanish Stock are rather lower ; and indeed, every variety of European Stock seems to have suffered from the introduc- tion of the new Russian rival. The Share Market is upon the whole rather firmer. Some of the more important Shares are lower than last week, while an improvement may be noticed in others; but the general tone of the market is better.

SATURDAY TWELVE O'CLOCK.

The severity of the weather has delayed the arrival of the usual French mail, and the closing prices of the French Funds yesterday in Paris are un- known. The Conrail market is, however, firm ; the opening price for Money was 964 and for Account 961 ; the quotation afterwards improved to 97 for Account, and is now 961 I for Money and 961 97 for Account. There is no ...Image of importance in the Foreign Funds or Railway Shares. SATURDAY Two o'CLocx. Consols have been done at 97 for Money and 974 for Account, and close at 964 for Money and 961 for Account. An extensive purchase of Three- and-a-quarter per Cents and one of Consols have monied, but with these ex- ceptions the business of the morning has been trifling. In the Foreign Mar- ket, Peruvian still continue to improve, and have reached 691. Some fluctuation has also occurred in Guatemala, which have been done at 36 and 32, and close at 34 to 36. The following are the principal transactions re- corded. Foreign Bonds—Brazilian, 89. Buenos Aires, 50 ; Equador, 4; Guatemala, 36 6 2 ; Mexican, 291 4 ; Peruvian, 63 91 ; Ditto Deferred, 231; Minden, 110; Snish Active, 19 ; Ditto Three per Cents, 361; Venezuela Deferred, 101. Shares—Mining Companies—St. John del Rey, 14e; General Mining, 12. Banks—London and Westminster, 251; Provin- mal of Ireland, 431. Railways—Caledonian, 11/ 12; Chester and Holyhead, 10 ; Eastern Counties, 74 1; Ditto Preference, 111; Great Northern, 71 Great North of England, 233 2 31; Great Western, 66; Lancashire and'Yorkshire, (98/. pai 55f London, B ' hton, and South Coast, 84 ; Ditto Guaranteed 5 per Cents, late Croydon 101 ; London and North-western, 116 ; Ditto New Quarter-shares, 1 ; London and South-western, 68; Midland, 451 6 41 ; Ditto 60/. Shares, 7 ; Scottish Central, 141; York, Newcastle, and Berwick, 161 ; Ditto erenee, 181 ; Northern of France, 14 die.

3 per Cent Consqls , Ditto for Account 3 per Cent Reduced 34 per Cents Long Annuities Bank Stdck Exchequer Bills India Stock Brazilian 5 per Cents

Belgian 44 per Cents

Chilian 6 per Cents Danish 5 per Cents

961 96

96

981 9 84 11-16 206208 58 61 pm. 267&

as go

89 90 98 101 98 100 Danish 3 per Cents Dutch 25 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 pc r Cents Spanish (Active) 5 per Cents Ditto 3 per Cents 1842 Venezuela

.

72 4 - 555 • 85 64 , 29 1 ,

67 9 35.6 82 4 108 110 ' 184 194

365 7 r

28 30

.

The accounts of the Bank of nuary exhibit, when Compared wi lowing results- ' Bsiamse Darwinism

$62,984 .... — — . ,.. 54,346,613 1,505,850 ....

-

71,240 .... — — .... 79,127 — .... 1,591,975 — .... 1,020,790 Government Securities, including Dead-weight Other Securities Notes unissued Actual Circulation 829,000 .... — Issue Dacairntzarr.

Notes issued — .... 191,790 Bullion — .... 206,337

Plus week. Last week.

Total Bullion in both Departments 16,814,143 .... 17,020,480 Actual Circulation ' 19;085,500 .... 18,256,500 Rest ' Public Deposits Other Deposits Seven-day and other Bills

land for the weenanding the 12th Ja- . those of the .m oiling week, the fel- t il Increasr

e. Decrease.