MONEY MARKET,

STOCK EXCHAKOE, FRIDAY AYTERKOON.

Since the arrival of the messenger from St. Petersburg with the Emperor's reply, the public have been prepared for an immediate declaration of war; and from the commencement of business on Monday the sales of Stock in all departments of the Stock Exchange have been considerable. The decline in the Funds up to last evening amounted to about 3 per cent; Consols having

touched 85f yesterday, and closing at 851 f. Next in importance to the Royal Message announcing the commencement of hostilities, and on which the principal sales have been based, may be named the fact of the Russians having forced the passage of the Danube and defeated the Turks at Tian. The public have been occasional sellers of Money Stock, which is now quoted the same as for Account; but the chief sales have been speculative, causing extensive fluctuations daily, and rendered frequently the more violent through the invention of absurd rumours. A knowledge of the intentions of Preside and Austria as well as the German States is anxiously sought after. The dividends on the Stocks lately closed will be paid to the public on Saturday the 8th of April; and 2,035,8181. will be payable at the same time to the dissen- tient holders of Old South Sea Annuities, which closes the conversion scheme of last year. The South Sea Company have intimated that no further advances will be made to the proprietors below 4 per cent interest. A epecial meeting of the Company was held yesterday, to take into consideration the new bill in Parliament for winding up and division of the assets and administration of private trusts. The distribution to dissentients to the Trust Company will be a little over 117/. per 100L Stock. The bill was approved of by a large majority. On the French Bourse the fluctuations have been as extensive as ours have been. The exchange has not altered, and it is now improbable that further amounts of gold will be drawn from the Bank of England; but recent arrivals from Australia are likely to be sent to Paris. At Vienna, the distrust increases; the funds continue to fall, and the rate of exchange on London is 14.22. At St. Petersburg, the rate is 331d. to 341d. Today she views entertained respecting the future value of Government Securities has bud a favourable effect; and after a few fluctuations a rise of f has been established, Consols leaving off at 86f for Money and Account. Exchequer Bills and India Stock are the same as last week. Money has been less in demand, with a prospect of continuing so, especially after the payment of the dividends. Foreign Securities have participated in the.general depression : a decline has occurred in the following-Danish Five, Peruvian Four.and-a-half, Three per Cents, and Sardinian, 5; Spanish Three per Cents, Swedish, and Yene7 zuela. 3; Austrian, Brazilian, Belgian, Chilian, Russian Four-and-a-half per Cents, and Buenos Ayres, 2; Dutch Two-and-a-half and Four per Cents, Portuguese Four per Cents, and Spanish Deferred, 1; Granada Deferred, f. Mexican has improved ; it rose nearly 1/ yesterday upon in- telligence from New York that the treaty with Mexico for purchase of the Mesilla Valley territory would shortly be ratified; today it is 23f. At Tu- rin, the proposals for a Sardinian loan of about 1,500,0001. have been carried by the Legislative Chamber. Prench Scrip has declined to 11 1 dis. Turkish is f die, to f premium. Railways have been greatly depressed, in sympathy with other markets, and from extensive sales. Yesterday, London end North-Western were clone as low as 92; and Great Western at 70. A slight reaction afterwards oc- curred; and last evening the difference in some of the leading lines compared with last Saturday's was to the following extent. Decrease-Scottish Cen- tral, 81.; Shrewebnry• and Birmingham, 51.; Scottish Midland, 41. • Great Western, London and South-Western, and Norfolk, 31., Lancashire and York- shire, 21. 15s. ; London and North-Western, 21. Ss.; Great Northern, 21.; Midland, 11. 15e. ; Caledonian,- and York and North Midland, 10s. ; Bris- tol and Exeter' Chester -and Holyhead, Edinburgh and Glasgow, London, Brighton, and South Coast, Oxford, Worcester, and Wolverhampton, and South-Eastern, it.; North British, 10s. The decliu,i in Foreign Shares been-Luxembourg, and Paris and Orleans, 1/. 10s. ; Sambre and Meuse, 14; Faris and Lyons, 17s. fid. Namur and Liege, Paris and Strasbourg, and Western of France, 158. ; liorthern of France, 10s. Today the English lines are stronger, and an advance of 10s. to 1/. has occurred in several eases. Foreign have not altered.

- SATURDAY. TWELVE O'CLOCK.

The debates last night On the war question have upon the whole given satisfaction, and the Fun& are rather firm this morning. Consols opened at 851 6, and are now 86 1. Exchequer Bale 2 die. 2 pm. The bullion re- turn by the Bank of England .ehows, a decrease of 193,5571. The French Funds came rather stronger today. In Foreign Stocks there is nothing doing, and no change in euotations. Railways are steady; the present bisrains are these-Caledonian, 501; Edinburgh, Perth, and Dundee, 20; East cashire, 59; Great Northern, 84i ; Great Western, 711; London and Nort Western, 94; London and leuth-Western, 74; Midland, 561.

SATURDAY, Two O'CLOCK.

The English Funds have improved 1 since the morning; Consols are now 861 f for Money and Account. The report that Austria is inclined to adhere to the policy of the Western Powers has been frequently alluded to. The last accounts from Vienna mentioned a rally in the Funds of nearly 2 per cent, and the exchange on London had fallen. Foreign Stocks are rather better in some cases. Peruvian Four-and-a-half per Cents have advanced 2, and Russian Five and Four-and-a-half, and Spanish Three per Cents, 1.

Buenos Ayres have Five, done at 50 51, and Granada Deferred 51. Railways are a little higher' these are the latest transactions-Caledonian, 51; Eastern Counties, 111; East Lancashire, 60; Edinburgh, Perth, and Dundee, 20; Great Northern, 854' Ditto A Stock, 72; Great Western, ni; Lancashire and Yorkshire, 59f ; London and Blackwell, 74; London, Til- bury, and Southend, 81 ; London, Brighton, and South Coast, 94k; London and North-Western, 94.•' London and South-Western, 74; Manchester, Shef- field, and Lincolnshire, 19f ; Midland, 56; North British, 30; Shrewsbury and Birmingham, L. and N. W. Guaranteed Stock, 50; South-Eastern, 5Th; South Wales, 311; Vale of Neath, 18; York, Newcastle, and Berwick, 63; Ditto Extension, 10k; York and North Midland, 44; Wills and Somerset, 91; Eastern Counties Extension 6 per Cent No. 1, 1 prem.; Ditto New 6 per Cent Stock, 12; Great Northern 5 per Cent, 108; London and Brighton Guaranteed 5 per Cent, 115; Great Indian Peninsula; 51; Luxembourg, '5; Northern of France, 284; Paris and Lyons, 214; Paris and Strasbourg, 274 - Sambre and Meuse, 7/. Mines-Agua Fria, 14; Brazilian ImperialSt..John del Rey, 29; United Mexican, 34. Joint Stock Banks-Australasian,-714 ex div. • Union of Australia, 601. Miscellaneous-Australian Agricultural,- 37t; Crystal Palace, 6; North British Australasian, 4; Peninsular and Oriental Steam, 521; South Australian land, 34.

Dit:.o for Account

Spec Ceat Consols Lia t Dutch 24 per Cents

Danish 3 per Cents 68 72 ex d.

3 per Cent Reduted shut Ditto 4 per Cents 1981 ex d.

34 per Cents shut Mexican 3 per Cents al i

Long Annuities shut /Peruvian 41 per Cents 525 Bank Stock shut Ditto 3 per Cents 35 8 ex d. Exchequer Bills par, .2 pm. Portuguese 4 per Cents 217 4 '

India Stock 220 4 Russian 5 per Cents 84 7

Austrian 5 per Cents 72 5 Ditto 4,11 per Cents 74 7 Brarilian 5 per Cents 90 3 ex d. Spanish 3 per Cents 833 Belgian 44 per Cents 80 5 Ditto Deferred 164 17

Chaim 6 per Cents 97 100 ex d. Sardinian 5 per Cents 71 4 Danish 5 per Cents 8.5 90 Swedish 4 per Cents 75 80 .