MONEY MARKET.

&curt( BSC:JAN(1R, FRIDAY A FYYRNOtel.

The reconstruction of the Cabinet has restored the tone of the Money Market ; and Consols for Account, after being at 93, close this afternoon ar:12.15 Very little has occurred during the week in the English Funds; which have not emerged from the neglict into which they have been thrown by the superior attractions of the Spanish and Portuguese Stocks as media of speculation. Money has become abundant : Exchequer Bills are again at 52s. prem. ; India Stock is 270 to 271 ; and Bank Stud: 217!.

The fluctuations in Spanish Stack have been, as usual, very extensive. The settlement of the Account, which took place on Wednesday, was not attended with the same pressure for money that has existed for severalprevious accounts; and although the rate of coatinualion was not lower than before, less difficulty was experienced by the speculators in carrying over their stock at the current premium. The intelligence of the departure of Don Cerium for Spain, which was discredited last week, has been proved correct, by the fact of the arrival of that Prince in the Northern provinces of the kingdom : it is also certain that he has succeeded in raising a loan in Paris to the amount of between two and three millions sterling. A new character will thus he given to the war now going on in the Peninsula. We have no doubt that the large sales of Stock made last week, were in anticipation of the effect which this event would produce on the market. By the most recent advices received from Madrid, it appears that the Spanish Government has determined upon a general and entire revision of its financial system. It is understood that a general plan of finance will he sub- mitted to the Cortes shortly after the assembly of that body ; in whieb, alter recognizing the Cortes Debt to the full amount, it will be proposed to convert all the Spanish Debt into a 5 per Cent. Stock at 50 per cent. reduction on the nominal capital. The whole debt of Spain will then be reduced from two hundred millions to about one hundred millions sterling. When discussing the question of the recognition of the Cortes Debt on a previous occasion, it will be recollected that we pointed out the injustice and inexpediency of the partial compromise then proposed, and stated our conviction of the superior advantages to be derived from an arrangement of a general nature. The Spanish Ministry seem now to be convinced that the system of expediency, upon which the financial affairs of that country have so long been conducted, will not avail any longer ; and that a fraudulent compromise with the Co' rtes Bondholders would .only defer, and not avert, that general bankruptcy which is the only course left open to them in their present embarrassed state. As far as we are able to learn, this measure will be satisfactory to the English creditors, who only seek to obtain justice, and are, we believe, determined not to agree to any measure which would place them in a worse situation than the rest of the national claimants. Some advance has occurred in Spanish Stock since this Wan has become known ; but the tendency to improvement has been checked, by the uncertainty with which the presence of Don Caftans in the Peninsula has clouded the issue of the civil war now raging there. The price of Bonds was on Monday at 42/ ; has since been 45i ; has again fallen to 42; and after being to-day at 44i, closes this afternoon at 43k.

The transactions in the European Continental Stocks have been few and un- important. By the late adders from Lisbon, we learn that Don Peneo has entirely recovered from his indisposition. The price of the Bonds has fluctuated between 88 and 85i ; closing this afternoon at 861 1.

A mail was this morning received from the Brazils, which left Rio on the 20th May and Bahia on the 3d June. The adv ices, although nearly three weeks later than the last, do not contain any thing of importance. No effect has been produced n the price of the Stock, which is 80i; having recovered from the depression f the early part of the week, when it was as low as 74. The intelligence from the Imperial Brazilian Mines is of rather better complexion than the last accounts; the average produce had been three pounds of gold per day, which was one pound more than the last report. The Shares have been affected by this intelligence. SATURDAY. TWELVE. O'CLOCK. The apprehension that the attempt of Don Carlos in Spain may lead to the armed interference of the French Government in the affairs of that country, and that a general war may result from such a proceeding, has produced a slight decline in Comols, and the market is heavy at 922. In the Foreign Market, the transactions in Spanish Stock have been few, but at lower prices than yesterday SATURDAY, Foes (I CLOCK. Consols close at 922. Spanish Stock, after ',dug at 42, has touched 421, anti doses at 42 #. l'ortesuese Rege icy Roods were at one time as low as 851, but have since rallied to sc:, and lose at Sae 88.

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9t1;; Fietielf i per Ce

h:e.,v 3: per Ceti.. Aneai.ies

ii..an S. rm.-

91 i

133.3 5 pei Feu.s....

itle:dean 6 per ...... 42,/- lu.•fa !. owl: .--; • , • 266:

0,ese 5 per Ce its

814 E::e:ooplei- :;, is 51 52 1 ;eat ,mley s6} Beljan 5 Imr ('ea s 9:-q Pfuss:011.::: IS 5 per Ceo,„

'La z ira o 5 per Ceo.s 90.E finis:aft 1:t'!2 5 ..et Cwt.— 105'; 6; Danish i per Ceu s ';4- 51 Fp;t.nisl. 5 per Clan...

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