MONEY MARKET.

STOCK EXCHANGE, FRIDAY AFTERNOON.

The English Fonds have experienced considerable fluctuation. In the course of Wednesday, the Consols reached 9411 for the March Account, being a rise of 14 per cent from the quotations of Monday. This rapid advance induced some extensive sales. Money became in demand, and as a natural consequence a reac- tion in prices occurred. The oscillations have since been frequent, with a general tendency downward. In the course of this morning, Consols for Money fell to 931, and for Account to 934. A slight upward movement has since occurred; and, after touching 94, the price again receded; the closing quotation for Account being 93i 4. This sadden decline is, as has been already stated, the result of a general disposition among the lesser stockholders to sell, so extensive as to coun- teract the effect that would otherwise have been produced by the investments of large capitalists, just as previously the sales of the small holders were nullified by the large investments.

In the Foreign Market, the better class of European Bonds remain without any material change from the quotations of last week. The prices in some instances are nominally lower; to which, however, holders do not appear inclined to submit. The Non-Dividend South American Bonds are firmer, with more disposition for speculation in them. Portuguese Bonds are without material change. Spanish Bonds are rather lower. Mexican were steady till this afternoon, when the mar- ket became heavy.

Both the English and Foreign Share Market has been in a state of activity. The accounts of the principal Railways have been published; and the amount of dividend to be declared upon each for the half year just ended is known. The first publication of the accounts does not appear to have been satisfactory; as, except in the case of the North. western, the prices of almost all of them fell. The decline has since been recovered, and the quotations of today are generally rather in advance of those of last week. We may add that the North-western is the only one of the principal lines in which the rate of dividend paid last half- year is continued, both the Midland and Great Western having reduced theirs 1 per cent upon the year or per cent for the six months. The disposition to pur- chase the French Railway Shares, which we noticed in our last report, continues; and the prices have improved considerably. The advance upon the description of Shares most current is from 11. to 21.: and though, with the decline of Consols this afternoon, a downward movement has occurred, the market may still be con- sidered firm. Money was in more demand than usual in the English Share Mar- ket on Wednesday, the settling-day. In some of the less current varieties, the speculators were compelled to carry over their accounts at very high rates of in- terest, ranging from 5 and 6 to 10 per cent.

SaTusnAY, TwELvz o'CLocK.

The English Stock Market opened heavily, Consols for Money having fallen to 931, though 934 has as yet been the lowest quotation for Account. More firmness is, however, now observable; the quotation for Money being 931a i, and for Ac- count 93d i. Little business has occurred in the Foreign Fonds; which are ge- nerally heavy at yesterday's quotations. The Railway Shares, with the exception of North-western, which are improving, may be considered flat. The following are the principal bargains recorded: Caledonian, 231; Ditto, Preference, 84; Eastern Counties, 11; Ditto, Preference, 12; Great Northern, 101; North- western, 1421 3; Midland, 92; North British, 161; North Staffordshire, 121; Reading, Guildford, and Reigate, 131; Scottish Central, 22*.

3 per Cent Console Ditto for Account 8 per Cent Reduced 31 per Cents Long Annuities Bank Stock Exchequer Bills India Stock Braz Brazilian 5 per Cents Belgian 41 per Cents Buenos Ayres Chili= 6 per Cents 931 1 931 7 941 1 91 196 198 42 49 pm.

81 3 81 3

25 7

93 6 Danish 3 per Cents Dutch 21 per Cents Ditto 4 per Cents Mexican 5 per Cents 1846 New Grenada PortugueseN.4perCents1842 Portuguese Old 1824 Russian 5 per Cents Spanish (Active) 5 per Cents Ditto 3 per Cents 1842 Venezuela

16 17

65 70 50 1 80 1

24

25 26 75 77 1013 110

17 18

291 i 19 20