MONEY MARKET.

Sxocx Excaswon, FRIDAY ArrEnnoox.

The decline in Government Securities this week has amounted to about 2 per cent, and the fluctuations have been frequent. On the settlement of the Consol Account, on Tuesday, there was a large delivery of Stock ; and at one period the difference was more than between the quotation for Money and the settlement in December—it is now less. Console have varied be- tween 94 and 911, and close today, after several fluctuations, at 911 1 and 911 for Account. Various circumstances connected with the war have caused great excitement; a feeling not likely to be abated upon a reported alleged victory, when Prince Menschikoff's interpretation intervenes between the arrival of the news and receipt of Lord Raglan's despatch. 'Though successful, the loss to the Allies in killed and wounded at the battle before Sebastopol on the 5th instant, and on previous occasions, has been much commented upon; whilst the obstinate resistance of the enemy, and the en- gagement of large steamers for the despatch of several additional regiments to the Crimea, lead to a conviction that fresh grants will be necessary' or higher taxation, to meet the increased expenditure. Bank Stock and Ex- chequer Bonds have not altered this week, but Exchequer Bills have fallen 3s. ; and India Stock 1 per cent. The Exchequer Bonds of the series A and B have been delivered to the Bank, and are to be exchanged for Scrip-re- ceipts, which cease to be transferable after the 21st instant. The Corn- market has been dull. The fluctuations on the French Money-tuarket have been slight, in comparison with our own ; but heaviness has preiailed on a report that a loan of 20,000,0001. or 24,000,0001. is in contemplation; and by the returns of the Bank of France for the past month, showing a further decline in the bullion equal to 1,590,000/. ; in the previous month it was 850,0001. The demand for discount must therefore have beetiVreat. The rate of exchange has not altered; gold will therefore be sent to Paris. A panic still exists in Vienna, and the rate of exchange continues to advance. The gold and specie arrivals have not been large,—namely, 183,0001. from New York, 13,50W. from Brazil, 16,0001. from Portugal, and 104,0001, from

the West Indies. _

The transactions in Foreign Securities have not been numerous, and the leading Stocks suggest no particular remark. Peruvian, Sardinian and Swe- dish, are rather lower. A further considerable decline has taken place in Turkish Scrip, amounting to about 6 per cent ; which is chiefly the effect of speculative operations : it closes today at the lowest point readied, name- ly, 81 discount Another instalment was due yesterday. The Committee of Spanish Bondholders, having addressed the Duke Of Victory regardingg the holders of Certificates issued for the portion of interest not funded, have been assured that himself and the Cabinet will endeavour to obtain from the Cortes a just and prompt solution of the affair. The Railway Market has naturally sympathized with the English Ft ' and Shares have declined ; but as the traffic is increasing in some of the favourite lines, the public have been the less eager, to part with them. The Account was arranged on Wednesday, and Stock was scarce; which for a short time sustained prices. London and North-Western closes today at 971 81. Other descriptions have fallen this week from 15s. to 21. 68. Fo- reign Shares have been better maintained.

The English Funds have rallied 1 since the morning, but the highest point has not been maintained; Console after being done at 911, leave off 911 for Money, and 911 1 for Account. Exchequer Bills are Ls. lower. The severe loss in officers and men which the Allies are reported to have suffered before Sebastopol on the 5th, and other casualties, reported created a painful sensation throughout the day. In Foreign Stocks the only altera- tion is in Turkish Scrip, which leaves off higher, at 7 6 discount; the trans- actions -have been at 8 9 61 6 discount. Spanish Certificates have been done at 5/: The business in Railways has been unimportant : but the latest bargains have been at improved prices—Caledonian, 59+; Eastern Counties, 111; Great Northern 881; Ditto A. Stock, 75; Great Southern and Western, (Ireland,) 881; 'Great Western, 681; Lancashire and Yorkshire, 70+; Lon- don and Blackwell, 74; London and North-Western, 981; Manchester, Sheffield, and Lincolnshire, 22; Midland, 671; North British, 321; North- Eastern—Berwick, 751; Ditto Extension, 131; Ditto York, 51; Scottish Central, 93; South-Eastern, 594 ; Vale of Math, 18 ; Mill and Selby Half- shares, 52 ; London, Tilbury, and Southend, 111; Great Northern 5 per Cent, 108; Midland Consolidated Bristol and Birmingham Preference 41 per Cent, 1/ die. ; North British, 103 ; Great Luxembourg Constituted Shares, 41; Northern of France 201. Shares, late Charleroi and Erquelines, 121 ; Paris and Lyons, 321 ; West Flanders, 31. Mine—Brazilian ImperialSt. John del Rey, 321. Joint Stock Banks—Australasian, 80; London and

Westminster, 401. Miscellaneous—Electric Telegraph, 161.

' Cents

SATURDAY, TWKLV31 O'CLOCK.

The list of killed and wounded in the GaZett8 has caused a decline in the English Funds this morning, and Consols for Money have touched 901; they are now a shade better, being 901 1, and 91 for Aocormt Exchequer Bills 2 5. There is a more favourable return of bullion by the Bank of England, showing an increase of 54,7691. In Foreign Stocks no change has occurred. Turkish Scrip has been done at 8 discount Railways continue heavy, and are further depressed : the bargains at present recorded are— Caledonian, 581; Great Western, 69 ; Lancashire and Yorkshire, 70; Lon- don and North-Western, 971; Midland, 661; North British, 32; North Eastern—Berwiok, 75.

SATURDAY, Two o'CLoax.

3 pe Long Annuities New 3 r Cents

3 per Cent Reduced

per Cent Consols Ditto for Account Bank Stock Exchequer Bills India Stock Austrian 5 per Cents Brazilian 5 per Cents Belgian 44 per Cents Chilies 6 per Cents

Danish 5 per Cents

Dutch 24 per Cents I

Ditto 4 per Cents P :941

89

Mexican 3 per Cents Mexican Peruvian 44 per Cents

21 13 Ditto S per Cents 1 4 Portuguese 4 per Cents 232 4 Russian 5 per Cents

84 7

Ditto 44 per Cents

97 9 Spanish 3 per Cents 90 2 Ditto Deterred 102 4

Sardinian_ 5 per Cents

99 101

Swedish 4 per Cents 80

90 2 21

66

6077

8 .

47 9 40 2 95 7 84 6 374 81 18 4

86 8

85 8