MONEY MARKET.

STICK EXCHANGE, FRIDAT AFTERNOON.

The Eaglish Market has been heavy, and shown a disposition to decline. Consols for Account have been as low as 9:21 ; but close this afternoon at 9:4 Money has been in demand ; but is likely to become more plentiful, as the Bank has given notice that the proprietors of the Dissented 4 per Cent. Stock may receive their capital immediately upon allowing ;l per cent. discount to RIth

ktober, at which tunic the payment becomes due. The business in the English Funds has not been extensive, and all the interest of the speculators and brokers seems centered in the Spanish Bund•. These Saturities have fluctuated between 5.2.1 and 484, and closed this afternoon at 49 50. Portuguese Regency Bonds have been at 70i ; have since ftllen to 78, and close this afternoon at 7&l The other Foreign Securities are nearly at last week's prices. A disposition was evinced, while the heaviness of the English Market continued, to sell Butch

B Is ; but the sales were not extensive, and the market has recovered its tune. Columbian Stock is not so high ; having been at 55. The South American Stocks generally are rather in request.

A deputation from the Cominittee of the Spanish Bondholders hal a eon ference yesterday with the Spanish Ambassador, and M. ALLENDE, the Direc- tor of the Sinking Fund, who an ived in London last week from Madrid, for the purpose of arranging the recognition of Cortes Bonds. Nothing definite was arranged as to this important subject ; but, after considerable discussion, the Spanish negotiators proposed that the present debt should be converted into a ti per cent. Stock at a rate of 50/. for every 100/. Cortes Bond, and that the overdue dividends, amounting to 5:1/. 10s. per cent. should be converted into a deferred Stock, which is to bear an interest of I per cent, at the end of five years, and to increase annually in interest I per cent. ; until at the end of ten years, both principal and interest will be converted into a 6 per cent. Stock. Various calculations have been made as to the value which this arrangement would confer upon the Cortes Bonds ; but that there do not exist any precise data upon which to ground the estimate, may be inferred from the difference between the valuations; some placing the value as low as 46, and others elevating it to 62, and even 67. Conflicting statements of what mvarred are afloat, and all given on the au- thority of members of the Committee, who have not, as was expected, published any report. From the opportunities we have had of ascertaining the feelings of the Bondholders on the subject of their claims, we are not inclined to think that the majority of them will be satisfied with any thing short of com- plete recognition. They say, and with justice, that any compromise will place them, who are more entitled to consideration from the present Government of Spain than any other class of the national creditors, and who have hitherto been the victims of their faith in Liberal institutions, in a worse situation than those creditors who by supplying the wants of the Camarillo have enabled it so long to resist the establishment of that system under which the nation is about to enter upon a new career of liberty and happiness. They ask, therefore, of the Cortes, to place them upon the same footing as all other national creditors, by an acknowledgment of the whole of their claims; and if, upon a review of the financial state of Spain, it be found that her pecu&ary obligations are such as to drive her to a bankruptcy, such composition ought to be general, including all the creditors, and not to operate partially and unjustly upon any particular class of them. It is, however, ulla to discuss as propositions proposals which can be considered as little more :than individual suggestions : all that can he predicated with certainty is, that, in some shape or other, the recognition of the Cortes Debt may be considered as secured.

50, 49:0 and are now -101 1,.

The only fluctuation which has occurred has been iii demand at -1111 and 1, bas closes at 491, ".;.

3 per Cent. Consols shut Ditto for Account 4214 New 31 per Cent. Annuities shut

SATURDAY, FOUR O'CLOCK.

has been in Spanish Stock, which touched 4K, since receded to 49.j, and

Dutch 2.1 per Cents. 52?, French 3 per ('Cuts --- Greek, 1833.5 per Cents 105 Bank Stork 217 Mexican 6 per Cents. 451 16 India Stock _ Portuguese 3 per Cents 751

Esclaspter Bills

50 52 Ina. Regency Scrip, 5 per Cent 751 Belgian 5 per Cents

971 81-

l'russian.1518,5 per Cent... — B nrazilia 5 per Cents 754 76 Russian, 1522 5 per Cent ..,

1014

Danish 3 per Cents 71t 75 Spanish, 1521,5 per Cent... 49/ 4

SATURDAY, TwELec o'cr.ochi.

The En4lish market is totally inactive ; and the little business doing in the Foreign Market has been confined to the Spanish Bonds, which have been at