MONEY MARKET.

canes ExaHANG., FRIDAY AFTERNOON.

The decline of the French Funds, which appears to have originated in the scarcity of money in Paris,produced a momentary effect upon our own ; and both Consols and Reduced for Money were on Wednesday depressed to the extent of i per cent. The depreasiondid.not long continue, and in the course of the morning the prices reached the point from which they bad faller[ —ilt2

market has not, however, since been quite so firm, and the prices of this day are a per cent below the point to which the reaction carried them on Wednes- day. There have not been any transactions of importance in the English Funds upon which to found any remark. The premium upon Exchequer Bills continues the same.

We regret to have to announce the insolvency of the old-established house of NEWN, KERR, and Co., which has long been one of the leading firms in the Turkey trade. Two other failures of houses at St. Petersburg and at Hamburg are also announced. In the Foreign Market, the only movement of importance has occurred in Mexican Stock ; to which an impulse was yesterday given by the arrival of 58,000 dollars on account of the dividends, being part of a larger amount of upwards of 1,000,000 brought by the West Indian mail steam-packet Medway. The price of the Stock has consequently improved more than 1 per cent ; the market closing firmly this afternoon at the improved qnotations. The adver- tisement notifying the payment of the dividend which will become due upon the Spanish Three per Cents on the 1st July next, has, as we anticipated, made its appearance; but without producing any beneficial effect upon the price of Stock. A purchase of 40,000/. was effected in the early part of the week at 24, by the broker who has recently bought so largely; but the market has since given way under the accumulated amount of Stock thrown upon it by sales made for Dutch and Foreign account, and is today 1 per cent below the price last quoted. This decline may be attributed to the heaviness of the local stock at Madrid, and the sinister reports received from France, which mention the probability of another insurrectionary movement in the North. The transactions in Portuguese Bonds have been very limited; the current varieties are heavy at quotations nearly the same as the last. It as well to re- mind our readers, that a dividend will he paid by the Portuguese Agency upon every variety of Portuguese Bonds in the course of next week—viz. lI per cent upon the newly-converted Bonds of 1841; the same proportion, being half the amount of the sum actually due, upon the Regency Five per Cents; and 4:per cent, being a similar proportion of that due, upon the Three per Cent Bonds. There was considerable heaviness in the markets for the Non-Dividend South American Stocks ; but the improvement in Mexican Bonds has given a better tone to those securities.

The business of the Railway Shares has not been important ; but the de- pression which we noticed as occurring last week in these securities has not continued; and in some instanced—as the Brighton, where tolls have in- creased—prices are firmer, with a slight tendency to improve.

SATURDAY, TWELVE O'CLOCK.

There has been but little business doing in the English Funds, and the prices are the same as yesterday. In the Foreign Market, the transactions have been chiefly confined to Columbian and Mexican Bonds : the latter are firm at yesterday's quotations, but the former have experienced a decline of la per cent, in consequence of the receipt of advices from New Grenada stating the inability of that ditision of the old republic to pay an annual interest of more than 1 per cent upon its apportioned amount of the Columbian Debt. It will be remembered that the old Debt of the republic was divided among the New States that have grown out of it, in the proportion of 28a per cent to Vene- zuela, 50 per cent to New Grenada, and 21i per cent to Escuador, and that Venezuela alone has for some time paid an interest of 2 per cent upon its portion : it was expected that the other States would do the same ; but it ap- pears that Escuador declines making any payment ; and New Grenada, after much delay, only offers 1 per cent instead of 2. The Stock, which was yester- day 25a 26, is now 24i 25. Spanish Stock is also lower; the Active being 21i a, and 'the Three per Cents 22* a. The others are the same. The follow- ing transactions have occurred in Shares. Railways—Eastern Counties, New, 6/. Ils. 8d.; Edinburgh and Glasgow 48; Ditto, New, 3a; Brighton, 35*; South-western, 604; Manchester and Leeds, 80; York and North Midland 90; Ditto, New, 32. Miscellaneous—Anglo-Mexican Mint, 41; Mexican and South American, 4.

3 per Cent. Consols

shut Columbian 6 per Cents. 24t 5 Ditto for Account 911 i Danish 3 per Cents 80 1 3 per Cent Reduced

911 1 Dutch 2} per Cents

52} I 3} per Cent Ditto 100} 1 Mexican a per Cents Consd . &a } New 3} per Cents shut Portuguese Regency 5 perets. ::61 74 Bank Stock

166 7

Ditto New 5 per Cents 1841. 31 } Exchequer Bills, 24d. 44 46 Ditto 3 per Cents 21} 2} Ditto 2d 40 42 Russian 5 per Cents 113 114 India Stock shut Spanish (Active) 5 per Cents 21} 1 Brazilian 5 per Cents 65 6 Ditto 3 per Cents 1842 221 4 Belgian 5 per Cents 102 3

SATURDAY, FOUR O'CLOCK.

The English Funds close at it per cent advance on the mornings quotations. In the Foreign Market, the intelligence noticed in the morning still continues to exert its depressing effect upon Columbian Stock, which has been as low as 23; but as a broker bought at 23} just previous to the close, the market closes more firmly, vix. at 23h a. Spanish Three per Cent Stock has been as low as 2211, but closes at 224 / ; the Active Bonds are heavier, and were last quoted at 21i I. The other Foreign Funds are the same. In addition to the bargains in Shares noticed in the morning, we have to notice the following. Railways— Bristol and Exeter, 43 ; Cheltenham and Great 'Western, 27 ; Blackwell, si ; Midland Counties, Quarter-shares, 17. Bank Shares—British North Ame- rican, 25; London and Westminster, 22*.