THE MONEY MARKET. '

STOCK EXCHANGE, SATURDAY MORNING, TrILLF- PAST TEN.—Our Market continued, in the same state of inactivity wh:ch we have had so frequently to report-of late, until Thursday last, when a movement took place upwards, which has since led to considerable business. On Wednesday the price of Consols the whole day was 88k to and on Thursday, until the afternoon, 88i was the only price. At this point some buyers appeared, and a consider- able amount of Stock having been taken at 88, the price rapidly advanced to 89k. I On the following morning (yesterday), there was the same disposition to buy, atel.by one o'clock prices had advanced to 89? to k ; but as it appeared that the Hebrew brethren were sellers at these prices, the Market gave way to 891 to 1,, at which it has continued until now with very slight shades of variance.

This rise has been variously ascribed to the supply of money now become abundant by the payment of the Dividends, to a connexion with the imputed designs of the French Government to reduce their 5 per Cents., and to pri- vate intelligence of a speedy accommodation between Russia and the Porte. We apprehend, however, that the purchases which have occasioned the rise

have been purely speculative, but grounded on an opinion that any or all of these causes will eventually promote a rise in our Funds. No doubt the so N ply of money will have its effect, but that effect is a gradual one ; whereas the rise of Thursday was sudden.

The French Funds have risen rapidly of late, without any corresponding

movement in our own, and this has mutually led to sales of French Rentes, with a view to investments in the English Funds, which are now only 7 per cent. higher. Such an exchange of investment would be likely to continue ; and therefore the capitalists who may undertake to support the French Go- vernment in carrying their measure, will find it necessary, we suspect, to promote a rise in the English Funds. The advance of Russian Stock to 98, would seem to countenance the rumour of an amicable arrangement in the East, but nothing is publicly known on that subject. Certainly the price of tent Stock is perfectly absurd, and defies reasoning or calculation upon any of the principles which usually govern such affairs.

All the heavy Stocks are higher, and Exchequer Bills have been done this morning at 7:3 premium.

There has been hut little business in the Foreign Market this week, for

.although all the Conti nental Bonds have advanced, we cannot say there has been much bitsiness done in any of them. Brazil Bends are still at about 57. The public do not touch them. Portuguese are a little better. Spanish alone are in stain quo, 9 to T. The South American Bonds are a trifle better. In the Share Market, 13raziliaa Nlining Shares have sustained a further fall of 10 per cent., imputed to the manceuvre of the legal proceedings at Rio.

HALF-PAST TWEI.VE.—The Market opened at 891 to 89.1 in Consols for the Account, and continues at that price. No great business doing. For the August Account 814 to 891.

Bank Stock, div.8 per Cent. Colombian, 17 171 per Cent. Reduced, SS} Ditto, 1624, per Cent. S per Cent. Consols,sn 2 ex. div. Danish, 3 per Cent. 67,1 2 Si per Cent. 1818, French 5 per Cents. .34 per Cent. Reduced, 98 Ditto 3 per Cents. New 4 per Cents. 1522, 1021( 3 ex. div. Greek 5 per Cent. 14 15 4 per Cents. 182;i, Mexican S per Cent 211 22

Long Annuities, (which expire 5th Jan. Neapolitan 5 per Cent.

18(81) 19 15-16 Peruvian, S per Cent. 114 12 India Stock, div.101 per Cent. Portuguese, 5 per Cent. 42a g

South Sea Stock, div.3,1 per Cent. Prussian, India Bonds. (4 per Cent. until March, Rns,ian, 991 2 1529, thereafter 3 per Cent.) 57 38

Exchequer B SHARES. Bills, (interest 2d. per cent. SPanish' per diem,) 73 72 1 Anglo-Mexican, 33/. 351. Consols for Account 891- Itracilian, Imperial, 67/. 691. FO it Et GN FUNDS. Real del Monte, 551. 95/.

Austrian Bonds, 5 per cent. Bolanos, 3131. 3251.

Brazilian Bonds, 5 per cent, 571 571 Colombian, 9/. 101. Buenos Ayres 6, per Cent. 224 2371 !United Mexican, 14/. 10s. 15/. 10s. FUNDS• I Chilian, 6 per Cent. 17 19