THE MONEY MARKET. •

STOCK EXCHANGE, SATURDAY, HALF-PAST TEN.—There has been consider-

able business in our Market this week. Some very unfavourable rumours having been circulated respecting the Emperor of Russia, (involving the likelihood of unfavourable changes in European politics) at a time when the Market had been previously depressed by some large sales of Money Stock; a fall of nearly one per cent, was the consequence. On Monday, upon uews of an advance in the French Funds, the price of Consols rose to 95z for the opening; and it was at this point that the sales we speak of began. On Tuesday, the Market was heavy at 932; on Wednesday, the price had fallen to 94. It rallied, however, on the same day, to 94i, and reached 94i on Thursday ; but receded afterwards to 941. Yesterday the first price was 942; and it soon advanced to and remained at 941 to 95, which is also the quota- tion of this morning.

The news of the Emperor's recovery seems again to have restored confi- dence; but when every description of funded property is so very high, and and speculation so rife, it must be expected that the slightest cause of alarm shall lead to serious fluctuations. The speculators for a rise in prices, have been so uniformly successful for some time past, that they seem to have lost sight of even the possibility of a reverse, and are going on with much of the furor of 1825. The evil day, however, will come sooner or later ; and the more that present speculation increases, the more will the arrival of that day be hastened.

"Let him that buyeth take heed lest the price fall."

When we spoke of a scarcity of Money, we of course meant only a tempo- rary one. Loans of money on Stock, for a few day; were only to be obtained at 4 or 5 per cent interest ; but the price of Exchequer Bills and India Bonds is an undeniable proof of the nonexistence of any real or permanent scarcity.

The prices of the Foreign Bonds generally were materially affected by the fall in Consols on Wednesday. Russian Stock, in particular, fell from 1081 th 105, and was difficult of sale even at that price. This is a little example of what might happen, were any thing really "wrong." Yet the price is up again to 109; and we know not whether to admire most the folly of the holders, who will not sell at that price, or of the simple buyers, who are wil- ling tp pay it.

In the South American Market, there is not much to remark. Brazil Stock was at ai; on Wednesday, but is recovered to 67. Mexican, Colombian, and the rest of that genus, are higher. Portuguese has also advanced to 52. Greek Bonds have within the last fortnight touched 30, and on Wednesday 'were down to 21, since which they have-recovered to 27 or 28—surely the age of miracles is not past. Spanish is above 104; hut there has been very little doing in that Stock lately. The fall in Consols had some effect, on Wed- nesday, on the price of Shares ; but the rise of last Saturday was too rapid for permanency, and accordingly it has not been fully maintained. But all Shares are better than they were some time ago. Should all these mines produce ores in the abundance which some sanguine persons hope for, the national debt itself might be paid in full. HALF-PAST TvrELvE.—Consols are still 94 to 95—but there is nothing doing in either market.

EntTISH FUNDS, Bank Stock, 2171 217 3 per Cent. Reduced, 93/ ; 3 per Cent. Consols, $1 per Cent. 1818,

31 per Cent. Reduced, on g

New 4 per Cents. 1822, 4 per Cents. 1826, Long Annuities, (which expire 5th Jan. 1860) 19,1- 9-16ths India Stock, div. 101 per Cent.

South Sea Stock, div. 31 per Cent.

India Bonds, (4 per Cent. until March, 1829, thereafteraper cent.) 70

Exchequer Bills, (interest lid, per cent.

Per diem,) 73 74

Consols fin Account 05 94;

'FOREIGN FUNDS.

Austrian Bonds, 5 per cent.

Bcaziliau Bonds, 5 per cent. 67 ; Buenos Ayres, 6 per Cent. 26 28 Chilian, 6 per Cent. 25 27 Colombian, 22 Ditto, 1824,6 per Cent. 221 / Danish, 3 per Cent.731 74+ French 5 per Cents.

Ditto 3 per Cents.

Greek 5 per Cent. 27 28 Mexican. 6 ner Gent. 244 1 Neapolitan, 5 per Cent. Peruvian, 6 per Cent. 16 17 Portuguese, 5 per Cent. 511 52 Prussian,

Russian, !OS/ 109/ Spanish, 101

SHARES. Anglo-Mexican, 361. 371. Brazilian, Imperial, 741. Real del Monte, 721. 10s. 751. Bolanos, 4501. 470/. Colombian, 61. 10s. 71. 10s. United Mexican, 171. 10s. 181.