MONEY MARKET.

STOCK EXCHANGE, FRIDAY AFTERNOON.

A purchase to the extent of nearly 500,000/. Consols occurred on Monday, said to be on account of the Scotch Banks. The effect of this operation upon prices was, however, but slight, as several speculative holders took advantage of the improvement of the market to sell. Consols rose to 1001, but have since gone back to 1001, and close this afternoon at 10011. Three-and-a-quar- ter per Cents have fallen back from 1021 to 102. This reaction is evidently occasioned by the sales of the smaller class of capitalists, who are generally sellers of stock upon every considerable improvement. Bank Stock has be- come so scarce as to be difficult of purchase : the quotation of 224 to 2221 must therefore be considered nominal, the dealers declining to sell it at any price. The market for India Stock has long been in the same condition. The rate of discount for first-class commercial bills is from 1 to 11 per cent.

The Foreign Stock Market has improved; the demand for almost every description of Foreign Bonds noticed in our last report having continued, Russian, Danish, Dutch, Sardinian, and Belgian Stocks, are all dealt in at higher prices. But the business transacted, though general, has not been extensive, and has declined both yesterday and today. Peninsular Se- curities have been more in request; end Portuguese Four per Cent Stock, which might almost have been said to have fallen into abeyance has been in demand again. The advance in prices upon most of the Stocks above noticed may be stated as about 1 per cent. Some transactions in the Scrip of the New Austrian Five per Cent Loan have occurred : buyers were found on Monday at 1 premium ; it has since been as high as 1, and may be quoted today at if premium. Spanish Three per Cent.Deferred Stock has im- proved, and been done as high as 211. The Committee Certificates, representing the unconverted portion of the Coupons of the late Active Stock, have also been in increased demand. This improvement is in consequence of the promulga- tion of a scheme to raise 6,000,0004 sterling for the construction of railways in Spain; upon which it is reported the Spanish Government have agreed to guarantee an interest of 6 per cent per annum. It would be quite hopeless to attempt to give currency to such a mass of securities, unless they were quoted in the list published by the Committee of the Stock Exchange. Un- der the existing rule this cannot be as long as any arrears of dividend re- maining due upon the present Spanish Loans are unpaid. The absorption of the Committee Certificates into the proposed new Railway Stock is therefore contemplated in order that the latter may be quoted officially. Yet we doubt the possibility, under any ciroumstances, of successfully disposing of 6,000,0001. of Spanish Stock.

The Railway Share Market has undergone some trifling fluctuations ; the result of which has been to establish the closing quotations of most of the principal Shares within a trifle of those of last week. The tendency of this description of security appears to be downward ; a result to be expected from the decline of the traffic-returns as compared with those of last year. The French Shares are all in demand, and in some instances prices have advanced about 108. per share. The Share Market in Paris is continually rising ; and from the large purchases made on French account in this market, Shares have become scarce.

SATURDAY TWELVE o'eroca.

There is no change in the prices of either English or Foreign Funds. After the usual hours of business yesterday, some transactions occurred in the Scrip of the New Austrian Five per Cent Loan, several purchases having been made, it is /mid, on French account ; the price consequently rose to 1 premium. We cannot learn that any business has ocourred this morning,

the is being 1 to in

premium nom ally. The Railway Share Mar- ket s without change; the following are the principal bargains—London and Brighton, 1041; Midland, 674; Ditto Birmingham and Derby, 37; North Staffordshire, 101 11; Oxford, Worcester, and Wolverhampton, 191; South-eastern, 201.

SATURDAY TWO O'CLOCK.

The English Funds close at the morning's quotations ; the business oc- curring has been unimportant. In the Foreign Market the transactions though of a general character have not caused any material alteration in prices. The transactions in Austrian Scrip have been few and the sellers have preponderated. The following are the principal bargains—Aus- trian Scrip, 44 prem. ; Buenos Ayres, 724; *an, 104; Grenada, ex coupon December 1849, 201; Ditto Deferred, 84; Mexican Five per Cents, 311 4; Ditto Three per Cents, 251 41 25; Peruvian, 103; Peruvian Deferred, 63; Portuguese Five per Cents 1824, 99; Spanish Three per Cents, 48 471; Ditto Three per Cents Deferred, 211 1 ; Committe eCertificates, 24; Dutch, 621 62; Ditto Four per Cents, 931. The Railway, Share Market is steady., and in some cases rather firmer. Aberdeen, 124 4; Ambergate, Notts, and Boston, 71; Caledonian, 18'; East Anglian,. 251. L. and E. and L. and D., 41 4; Eastern Counties, 91 ; East Lancashire, 171 1 1 ; Edinburgh and Glasgow, 31; Great Northern, 201; Ditto Half-shares II; 6 per Cent, 151 1; Lancashire and Yorkshire, 711 1 ; Ditto Fifths, 71 ; London and Blackwell, 81 1; London, Brighton, and South Coast, 1044; London and North-western, 122; London and South western, 92 11 2; Midland, 671 61 7; Midland, Birmingham, and Derby, 371; North British, 74111; North Staffordshire, 101 11; Oxford, Wor- cester, and Wolverhampton, 191 4; Scottish Central, 161 ; Shropshire Union, 34; South Devon 181; South-eastern, 201 4; York, Newcastle, and Berwick, 171; Ditto Extension, 124; York and North Midland, 231 1; Leeds and Bradford, 1041 1; London and Greenwich, 131; Reading, Guild- ford, and Reigate, 244 25 Aberdeen, i clis. ; Caledonian 101., 91; Eastern Counties Extension 5 per Cent, No. 2,11 prem. ; Great Northern 5 per Cent, 15 1; North British, 54; Namur and Liege, 64 6; Orleans and Bordeaux, 164; Rouen and Havre, 121 1; St. John del Rey, 29; London Joint Stock,

I 1 ; London and Westmmster, 30.

3 per Cent Consols Ditto for Account 3 per Cent Reduced 34 per Cents Long Annuities Bank Stock Exchequer Bills India Stock Brazilian 5 per Cents Belgian 44 per Cents Chinon 6 per Cents Danish 5 per Cents lOOt 4 1

99114

10 4 61 546 222 23 80 83 pm 276 98 100 93 5 103 6

104 5

Danish 3 per Cents Dutch 24 per Cents Ditto 4 per Cents Mexican 6 per Cents Ditto 3 per Cents Peruvian 6 per Cents Portuguese 5 per Cents 1824 Russian 5 per Cents Ditto 44 er Cents p Spanish 3 per Cents Ditto Deferred Sardinian 5 per Cents 78 80 611 24 93

31 i — 104 31 864 74 115 17 ,(11 8 21

945 ex d.