MONEY MARKET.

STOCK EXCHANGE, DUDA! .ARTERWOOW. '

The Bank Directors have raised their rate of discount still farther—tuuttely, to 4 per cent. The Funds, which had declined about 1 percent from our last prices, fell another 1 per cent yesterday when the resolution of the Bank of England be- came known, and have continued to decline today, till Consols for Money have been at 904, and for Account at 91; thus marking a decline of nearly 11 per cent in the course of the week. Towards the end of the day the buyers predominated, and the closing quotations mark a slight advance-904 91 for Money, 911 for Account. The operations to produce this effect have been very general and ex- tensive; some large and influential sellers being added to those already noticed as having been in the market. There does not appear to have been a disposition to sell among the public generally, and none of that anxiety to dispose of Stock at any price to which the technical phrase of "panic" is applied. The market has been well sustained during the whole fall; which has been gradual though steady, accompanied with slight reactions. The premium of Exchequer Bills has been supported by the conviction that the Government will soon be compelled to aug- ment the present daily rate of interest, as it is suite impossible that while the cur- rent rate of interest is 4 per cent, securities paying only 24 per cent can circulate at a premium. Our advices from Paris are of the same gloomy character as before. The de- mand for bullion still continues, and further assistance will be required by the Bank of France. The drain of the precious metals from the coffers of the Bank. of England must therefore increase; all the foreign exchanges being lower, with- out the slightest appearance of reaction, with a large profit upon the export of gold both to the United States and to the North of Europe. It is therefore meet probable that the present high rate of discount, if not augmented, will at least continue for some time.

All the Foreign Bonds are lower, without any transactions worthy of remark; the course of fluctuation having been the same as that of the English Feuds, though, with the exception of Portuguese Bonds, the fall has not in any case been so extensive. These latter have fallen about 4 per cent; the decline being pro- duced by a continued preponderance of sellers. The Share Market has experienced a general decline, and every variety of this description of security is considerably lower•' the fall varying from U. to 51. per Share. As in the case of the English Stocks, the decline has been gradual, and the current quotations are always to be realized. The Foreign Shares have participated in the downward movement; all the French varieties being from 10s. to 11. below the low quotations of last week; while the Belgian Shares have fallen in the same degree. These can only im- prove with an advance in the Paris prices; an event dependent upon an improve- ment in the financial condition of the Bank of France, for which strenuous ex- ertions are_set on foot by all parties interested.

SATURDAY, TWELVE O'CLOCt.

At the first opening of the market, Consols for Account were done at 91; a general disposition to sell has since been apparent, and the price has consequently fallen nearly 4 per cent,—the price of Consols for Money being 901, for Account 901 8. All the Foreign Funds are lower, with but little business doing in them. The Railway Shares have also fallen, and are generally at a depretiation of from' 5s. to 1/. per share as compared with yesterday's prices. The following are the principal bargains occurring: Ambergate, Notts, and Boston, 24; Birmingham and Gloucester, New, 121; Birmingham and Oxford Junction (51. paid), 1344; Caledonian, 251 25; Direct Northern Scrip, 24; Eastern Counties, 214 1 21; Ditto, York Extension, 4444; East Lancashire Scrip, 24; Great North (London and York registered), 24; Great Western, 121; Ipswich and Bury St. Edmund's,. 111; Leeds and Bradford, 811; Blackwell, 74/1; Brighton 5445-4; Greenwich, 94; London and York Scrip, 34; North British, Half-shares, 164; North Staf- fordshire, 74 i; Luxemburg, 14; North of France, Constituted, 114; Paris and Lyons, 6/.

SATURDAY, TWO O'CLOCK.

After some fluctuation, the English Funds close at the lowest quotations of the day; the price for Money being 904 4, and for Account 901 1. Some very' large transactions have occurred; and the sellers having predominated, the market has given way. The Foreign Funds are all lower, with the exception of Portu- guese Bonds, which are rather firmer; and after being at 311 close at 32 SS. The Railway Shares are in most cases lower: it will be seen by the following list of bargains transacted that a large and general amount of business has occurred. In a few cases the last quotations mark an improvement; but the opposite result has generally been the consequence of the day's proceedings. Ambergate, N

and Boston, 21 2; Birmingham and Gloucester, 127; Ditto, New, 311; 11'

and Exeter, New, 114; Caledonian 251 41 51; Ditto, Half-shares, 14; Eastent Counties, 211 201 214; Ditto, dew, 181; Ditto, York Extension, 44 I If Edinburgh and Glasgow, 72; Great Southern and Western, (Ireland,) 27 6; Great Western, 121 4121; London and North-western, 191904; Ditto, Quarters, n 1; -London and South-western, 634; Midland, 1201 19 21 181; Ditto, New, 35 4; Scottish Central, 211; Scottish Midland, 18k; South-eastern and Dover, 36k; Ditto, New, No. 2, 13h; Ditto, New, Na 4, 34 4; York and North Midland, Half- shares, 45; Boulogne and Amiens, 13 i 14; Dutch-Rhenish, 31, 4*; East Indian, I; Great Northern of France, Constituted, 11 104 11h; Luxembourg, ii 2; Namur and Liege, 3 24; Orleans and Bordeaux, 6 si i i; Rouen and Havre, 25h; Sambre and Meuse, 4h h.

3 per Cent Consols

Ditto for Account

3 per Cant Reduced

gt per Cents Long Annuities: Bank Stock F,xcheouer Bllis prem.

India Stock

Brazilian 5 per Cents Bele= 44 per Cents

Buenos Ayres 6 per Cent •

.Chulan 6 per Ceuta

904 1 • 901 1 904 4 924 1 2 1 84 6 935 40 3 93 5 Danish 3 per Cents Dutch 24 per Cents Ditto 4 per Cents.

Mexican 5 per Cents 1846

New Grenada Portuguese New 5p. Cts. 1641 Peruvian Russian 5 per Cents Spanish (Active) 5 per Cents Ditto 3 per Cents 1842 Venezuela

86 8 561 t 901 4 214 -I 181 194 32 3 37 9 110 112 221 31 331 4 37 9

BANK OF ENGLAND.

An Account, pursuant to the Act 7th and 8th Victoria, cap. 32, for the week ending on Saturday the 16th day of Jan. 1847.

IssVE DEPARTKENT•

Notes Issued

£27,225,333 Government Debt ...... £11,05.100

Other Securities 2,984.900

Gold Coin and Bullion 11,356,668

Silver Bullion 1,868,667

£27,225,335

£27,226,536

RANAINCO DEPARTMENT.

Proprietors. Capital

£14,553.000 Government Securities, (in-

Rest

3,561,483 cluding Dead WeightAnnuitylE12,767 .328

Public Deposits.

5,034,189 Other Securities 14.450,711 Other Deposits 10,339,726 Notes 6.545,965

Seven Day and other Bills ...

888,950 Gold and Silver Coln 725,346

434,477,348

£84,477,348 • 'paladin g lisoheguer,Savings Banks, Commissioners of NationalDebt£ Dividend Accounts.