MONEY MARKET. STOCK EXCHANGE. FRIDAY AFTERNOON.

The death of Lord SPENCER, by putting to hazard the existence of the Ministry; causul a slight depression in the Money 11Iarket ; and hence a decline in Cancels of nearly c per cent. A reaction has since occurred, and the price has nearly reached the former quotation. Money still continues very abundant, and the demand for English Stock for immediate delivery is imahatid.

Nothing as yet is known of the decision of the Spanish COrtes in regard to

the acknowledgment of the Loans. The spirit of Spanish procrastination seems to be as strong now as during the War of Independence ; and now, as then, the time which ought to be devoted to energetic measures both military and financial, is frittered away in discussions upon points of form, and debates more remarkable for their rhetoric than utility. Spanish finance has thus become invested with more difficulties than ever, and even the sanguine spirit of the speculator begins to flag. The latest intelligence from Madrid is such as to give reason to hope that the foreign creditors of Spain will obtain more favour- able terins than the last proposed ; hut those who have had the " best intelli- gence" have suffered so frequently from the vacillation of the Government, that the disposition to speculation is considerably abated. The transactions of the last few days have therefore been on a limited scale, and the fluctuations un- important. "file price of Portuguese Regency Bonds has not been much affected, and the fluctuations have generally been in unison with those of Spanish Stock. Brazilian Bonds are in demand ; the price to-day being 78i, 79. Some speculations were entered into, in anticipation of the loan which would be required by the Government at Rio to enable it to complete the proposed arrangement with Portugal for the liquidation of the amount due on the dividends of the old Portuguese Bonds; but as the supply of Stock which would thus be created has not yet been thrown on the market, a rise in price has been the only result of this hitherto abortive speculation. Some sales of Russian Bonds have been made since Monday ; but the price has not been much affected.

Dutch and Belgian Bowls are nearly at our last prices.

South American Stocks are generally lower, and heavy at the nominal quotations.

SATURDAY, TWELVE O'CLOCK.

The unexpected announcement of the retirement of the present Ministry, aud- the accession of the Duke of WELLINGTON to office, which appeared in the papers of this morning, have produced quite a panic. Consols for Account are now 90i 91. The effect upon the Foreign Storks has been much greater ; bob Spanish and Portuguese Bonds having been in the course of the morning 1.)e- tweet' 2 and 3 per cent. lower than the closing prices of yesterday. Spanish- Bonds opened at 55; but were speedily as low as 54, and are now 54i i• Por- tuguese Bonds have been at 85, anti are now at 854 86. The other Foreign Stocks are generally lower. An express has just reached town from Pans,. bringiug intelligence of the resignation of the New French Ministry,—so that if the report of the retirement of Lord MELBOURNE and his colleagues be correct, the two countries are both at this moment without any admiaisrrative head.

S 1.TURDAY, roue o'ctoms.

The rumoured change of Ministry is still the subject of considerable doubt here. It is however believed, that a misunderstanding has arisen upon the question of the patronage of the Army. It is reported that the Ministry had seized the opportunity offered by the necessity of remodelling the Cabinet, to press upon the Crown the necessity of removing Lord Him, from the office of Commander-in-Chief ; and that this was disrelished at the Palace. The Pub- lic Securities have not recovered their depression. Consols close at 90,i

Spanish Stock, which has been as low as 53, closes at 53i ; and Portuguese Bonds, at 651 4. The other Foreign Stocks are also lower.

3 per Cent. Consols Ditto for Accouut

801

1 New 34 per Ceut. Annuities 99; 100 Bank Stock —

India Stock —

Exchequer Bills. 40 42

Belgian 5 per Cents. 98;

Brazilian 5 per Cents ex. div. 781

Danish 3 per Cents. ex. div 75 76

Dutch 24 per Cents French 3 per Cents. Greek Ommum. 5 per Cents Mexican 6 per Cents Portuguese 6 per Cents Boil egency Stock,5per Cent Prussian (IBIS) 5 per Cent

Russian (1822)5 per ,.'ent

Spanish 08205 per ...'tent 511 2; 411 851 1054106; 53i 54