MONEY MARKET.

STOCK PUCKA:V(1E, THURSOAT AFTERNOON.

The fluctuations of the Consol Market have not exceeded 3 per cent., and the closing price of to day is that of Saturday last. A purchase on account of the West Indian Indemnity Fund has occurred this morning ; but it was of trilling amount, and has not produced any material effect upon the price of the Stock. The Spanish Stocks have been depressed during the whole week ; but the decline has never exceeded 1 per cent. below the prices of Saturday last. Great anxtiety was manifested both on Tuesday and Wednesday for the arrival of a copy of the Speech delivered by the Queen at the opening of the Cortes on the 22t1; which, from the boisterous state of the Channel, did not arrive till this morning. The substance of the speech was, however, received by tele- graph in Paris, and communicated in the journals of that capital of Monday last, which reached London yesterday ; but an actual copy was not received here till this morning. Upon its promulgation, a rise of about A per cent. occurred in Spanish Stock ; but this improvement was not maintained, and the price has again receded to the closing quotation of yesterday. It is still uncer- tain whether the accruing Dividend due on the 1st of May is provided for : the general persuasion seems to be, that it will be paid ; but we cannot ascertain that there are any valid grounds for this belief. Reports have been pre- valent during the last few days, of the resignation of M. MENDIZAHAL ; and although they originated in quarters not worthy of the slightest credit, they have, in addition to other circumstances, increased the gloom of the market. The Carlist loan has been done at 1 prem. ; that is to say, the first series of it, issued at 36, has been sold at 37. This is a necessary consequence of the manner in which this transaction has been managed, as those interested in the management of the loan must force the first series to a premium of more than 2 per cent. before they can hope to circulate any of the second series, which it is proposed to issue at 38.

The Portuguese Stocks have continued nearly at our last quotations.

The European Continental Stocks have slightly improved. The rise in Dutch Five per Cents., which has exceeded A per cent., has been produced by the belief that the reduction of these Securities into Four per Cents. will be post- poned till next year.

• The South American Funds are generally higher. The approaching recog- nition of the Republics, by Spain, has given an impetus to speculation in these Stocks generally ; and in the case of the Columbian, there are reasonable grounds for believing that some arrangement will soon be entered into for the payment of some part of the overdue dividends.

The Railway Shares have been rather neglected, and the transactions in them do not afford any ground for remark.

SATURDAY, FOUR O'CLOCK.

The only variation we have to notice is a decline in Spanish Stock, which is about i below our morning prices. The transactions of the afternoon have been unimportant, and the market has been depressed by a sale, which on other occa. • ions would not have produced any effect, but to which the absence of business has given importance. The Railway Shares are generally at our morning's prices.

3 per Cent. Consols

914 4

Dutch 24 per Cents 50 Ditto for Account

914 4

French 3 per Cents -

New 34 per Cent. Anus 100 4 Mexican 5 per ('ents.

354 6 India Stock

— Portuguese 3 per Cents. ....

504 5L Bank Stock

—

Do. Regency 5 per Cent. ...

804 81 Exchequer Bills 18 20pm Itussian.1821. 5 per Cent... Me 9 Belgian 5 per Cents 1031 1 Spanish, 1834, 5 per Cent...

441 4

Brazilian 5 per Cents 85; 6

Ditto, Deferred 204 t

Danish 9 per Ceuta.

771 64

Ditto, Passive 144 4

SATURDAY TWELVE O'CLOCC.

The improvement in the French Funds on Thursday has not produced any effect upon the price of Consols, which are now at the quotations of Thursday. Spanish Stock has improved A per cent., the present price being 4.51. The manifesto of M. CARVAL110. in which he denied the truth of the gloomy financial statement of M. CAMPOS has caused a rise in the Portuguese Securities, which are about A per cent. above the prices of Thursday. Little business has occurred in the Railway Shares ; the principal are quoted at the following premiums. Aylesbury IA 4 ; Brighton t41 15k; ditto (Rennie's) 1A ;41 ; Birmingham 71 73; ditto and Derby 101 i i ; ditto and Gloucester 8 9; Blackwall ; ditto Commercial I 1 ; Great Western 28 29; Greenwich 9A 10 ; Great North of England 3 A ; Northern and Eastern4 ; North Mid- land 81 9A ; Southampton 10 11; South Eastern 7 ; Manchester South Union 2 3.