MONEY MARKET.

STOCK EXCHANGE, FRIDAY AFTERNOON.

The tendency to improvement in the Money Market received a severe check on Wednesday, when a species of panic occurred. It appears that an application was made on Tuesday to the Bank of England for gold as a means of remittance of part of the proceeds of the new Spanish Loan ; and that the Directors of that establishment deemed it advisable to sell Exchequer Bills, for the purpose of withdrawing from circulation an amount of bank-notes equal to the bullion ex ported. The sum despatched on Tuesday is stated at 60,000/. ; which was shipped to Vigo, as the nearest port to Madrid. It was, however, swollen by exaggeration to 60,000 ounces; and as it was generally believed that it was only the commencement of a series of extensive operations of a similar mature, which might lead to a considerable curtailment of the circulation, it operated very un- favourably upon the prices of Public Securities. The depression of Consols, however, did not exceed per cent., and was of little moment in the other Eng- lish Funds. Exchequer Bills have also declined about 3s., the price to-day being 40s. prem. India Stock is still heavy at 257k 254.

In the Foreign Illarket, Spanish, Portuguese, Dutch, Belgian, and Russian Securities, have all improved in price. The Spanish and Portuguese Bonds were much depressed during what may be called the panic ; but the others were little affected, and all have fully recovered their lost ground. Spanish Securities are, as usual, the principal objects of attention. The Scrip of the New Lean was more in request than the old Cortes Bonds ; it having reached 4 per cent.

prem. on Tuesday; while the Bonds were only at : but in the last two days the purchases of the Bonds have predominated, and they are now at 56i it, and thelScrip at 33 71. The Portuguese Bonds have been as low as 913, but have again improved to 921 The South American Securities, as is usually the case, were the first to give way, and have all of them declined in a greater or less degree : a slight sin- proveruent has occurred in the last day or two; but they are still below our last quotations. The demand for Mining Shares, which has existed for some time, has given birth to sonic enterprises of a similar nature; those which have been intro- duced into the Market are all at premiums varying from 2/. to 16/. and 18/. per Share; but as the record of their fluctuations can be of little interest to our readers, we will not fatigue them with the recital.

t The Consol Market is steady, the price for Money being 92k, and for Account 92,i i. The price of Spanish Stock and Scrip has been higher this morning than at the close of business yesterday-Codes Bonds having been at 561, and Scrip at 4! prem.: these prices have not, however, been maintained; the price of the Bonds being now 56i a, and that of the Scrip 34 -1 prem. Portuguese Bonds are higher, viz. 924 3. The South American Stocks are heavy at the nominal quotations; the Mining Shares, with the exception of some of the recent schemes, are not much affected. Several bargains have occurred in the Passive and Deferred Stocks about to be created by the con- version of the Cortes Bonds; the price of the former is about 12, and that of the latter about 24.

B per Cent. Consols

Ditto for Account

92/ 22k t

Dutch 2* per Cents.

French 3 per Ceuta

551 *

New 3/ per Cent. Annuities 991 Greek, 1833, 5 per Cents — Bank Stock 223/ Mexican 6 per Cents. 42 / India Stock . . — Portuguese 5 per Cents

Exchequer Bills 39 40

Do. Regency Scrip,5 per Cent 923 1

Belgian Spec Cents

100* 1

Russian, 1822.6 per Cent...

109/ 1 Brazilian 5 per Cents 85/ 86 Spanish, 1821,5 per Cent .. 5,4 .

Danish 3 per Cents 771.

Ditto New Scrip

84 1 Pm.

SATVRDAV, TWELVE O'CLOCK.