MONEY MARKET.

STOCK EXCHANGE, FRIDAY AFTERENOOH.

A considerable improvement has occurred this week in Government Se- curities; and the anxiety of the late operators for a fall to close their ac- counts has been extreme, arising from the favourable nature of the foreig,u intelligence respecting the war. On Monday an advance of about 2 per cent was established on the announcement that the Russian army had been di- rected to retreat beyond the Pruth ; and Consols attained 931; a price re- peatedly regained after several times descending to 93. On Wednesday the Funds were strengthened by advices from Vienna of the raising of the siege of Siliatria, and afterwards by the arrival of higher prices from France; and Consols closed at 934 4. Yesterday great excitement prevailed at the opening of the Market, and they speedily reached 944, on the announce- ment that the Russian Minister of War had been directed by the Emperor to proceed to the Danubian Principalities and report on the position of military affairs. The news being interpreted as a want of confidence on the part of the Czar, the measure had produced great sensation at St. Petersburg. From this point, after several changes, the Funds de- clined : the effect of heavy realizing. An increased demand for Money has existed this week in the Stock Exchange: causing temporary depres- sion, 'be introduction of a Russian Loan in Holland, and rumours of other Foreign loans have had likewise some influence. Tho proposals for the former have just been issued, the amount to be 50,000,000 roubles, or nearly 8,000,0001. sterling ; a five per cent stock, taking dividends from the first of April, at a price of about 921. It has been introduced by Messrs. Stieglitz at St. Petersburg and Messrs. Hope at Amsterdam ; and it is reported that the whole has been subscribed for. It is said the new Prussian Four-and-a-half per cent loan is to be for only 2,260,0001.: it was opened on Monday last, and the subscription-lists are expected to be filled; the price to be 94, less 1 per cent commission.

A new Belgian Four-and-a-half per cent loan for 1,100,0001., at about 91, is said to have been arranged with the Societe Generale at Brussels, and Messrs. Rothschild at Paris. Our Government concluded an arrangement on Tues- day with Messrs. Rothschild and other capitalists for the second issue of 2,000,000/. of Exchequer Bonds for a term of five years; and they will be taken at about the price of 97 15-16, so as to pay exactly 4 per cent; but as the interest will date from the 8th of May, they will produce about 4/. 2s. 2d. per cent. The instalments to be 25 per cent, payable on the 23d June, 5th July, 22d August, and 10th October ; and it is arranged that the remaining 2,000,0001. shall not be put forth for at least ten weeks: these will be in Bonds for six years. According to the new Act, if the whole be not raised by Bonds, Exchequer Bills may be issued ; the liability being limited to 6,000,000/. The French rate of exchange has been firm, and a large amount of gold on the London Market has consequently been sent to the Bank of England. The shipments of specie for Malta, Alexandria, India, and China, have amounted this week to 455,800/., chiefly in silver. The arrivals of gold from Australia and New York have been valued at about 634,000/. The average stock of bullion held by the Bank of England in both departments during the month ending the 13th May was 12,856,8661.; being a decrease of 1,325,7521. compared with the previous month.

Today a great pressure for money has existed; which has brought Stock to market, and the Funds were at one period 1 lower : they have since rallied, and Consols, after being at 931, leave off at 93a a for the Account. Bank Stock is 1 better this week, and Exchequer Bills 2s. lower. Exche- quer Bonds are flat at par 1 premium. In Foreign Stocks, there has been greater activity, and prices have been well supported : an improvement has occurred in the following-Peruvian Three per Cents, 3; Ditto Four-and-a-half per Cents, 2; Brazilian, Dutch Four, Danish Five, Portuguese Four, Russian Four-and-a-half, Sardinian, Swedish, Buenos Ayres, and Venezuela, 1; Spanish Deferred, 1. In Railways, much buoyancy has been exhibited in connexion with the Consol market ; and on Monday an advance of 1/. to 31. was established. In some instances yesterday, London and North-Western were done as high as 1041, and Great Western at 81. These prices were not maintained, owing to the reaction in the English Funds ; but the closing prices of some of the leading lines still showed an improvement compared with last Saturday's, to the following extent-Scottish Central, 4/. ; London and North-Western, 3/. 58.; Caledonian, 2/. 15s.; Lancashire and Yorkshire, and London and South-Western, 2/. 10s.; Great Western, and Midland, 21. 5s.; East Lan- cashire, Edinburgh and Glasgow, and Scottish Midland, 2/. ; York and North Midland, 1/. 108. ; Chester and Holyhead, Norfolk, North British, and York, Newcastle, and Berwick, 1/. ; Great Northern, South-Eastern, and South Wales, 108. London, Brighton, and South Coast, have declined 1/. The improvement in Foreign Shares has been, Rouen and Havre, 1/. 108.; Paris and Orleans, and Western of France, 11.; Paris and Lyons, and Paris and Strasbourg, 17.s. 6d. ; Northern of France, 12s. 6d.; Sambre and Meuse, and West Flanders, 10s. Today the English lines have declined from 58. to 15s. in several cases. Foreign Shares are also lower.

SATURDAY, TWELVE O'CLOCK.

The English Funds are firm this morning, at an improvement of 1 ; Con- sols, which after regular hours last evening left off at 934 4, are now 94/ 1. Exchequer Bills 2 discount to 2 premium. The bullion return by the Bank of England shows an increase of 381,324/. In Foreign Stocks there has been no movement. Railways are higher ; the present bargains are these- Caledonian, 631; London and North-Western, 104; Lancashire and York- shire, 66; London and South-Western, 851.

SATVILDAY, Two o'Cioex. The English Funds have been rather changeable since the morning ; Con- sols, after being done at 94a, receded to 931, and close at 91 k. Exchequer Bills 2 discount to 2 premium. In Foreign Stocks the only alteration is in Belgian, which is 1 lower, being now 89 91. Equador has been done at 34.

Railways have continued to improve : theseare the latest transactions- Bristol and Exeter, 98; Caledonian, 64; East Anglian, 17f ; Eastern Coun- ties, 13}; Edinburgh and Glasgow, 60k; Great Northern A Stock, 72; Ditto

B Stock, 126; Great Western, 801; Lancaster and Carlisle, 89; Lancashire and Yorkshire, 661; London, Tilbury, and Southend, 111; London, Brighton, and South Coast, 104; London and North-Western, 1041; London and South-Western, 851; Manchester, Sheffield, and Lincolnshire, 21; Midland, 66; Norfolk, 51; North British, 341 ; North Staffordshire, 131; Oxford, Worcester, and Wolverhampton, 321; South-Eastern, 641; South Wales, 341; York, Newcastle, and Berwick, G. N. E. Purchase; 81; York and North Midland, 53; Buckinghamshire, 96; Northern and Eastern 6 per Cent, 65; Eastern Counties Extension 6 per Cent, 131; Great Northern 5 per Cent, 117; South Devon, 121-; Antwerp and Rotterdrun rtr'estNigaunrderas,,,id 3Fiegeiaewitt interest,) 811 l Paris John Lyons, 28; rnElic Corporation. 48. del Roy, Banks-London and County, 311; Ogenntartea Miscel-

laneous-Crystal Palace, 51 ; General Steam Navigation, 27; Peninsular and Oriental Steam, 67; South Australian Land, 39.

3 per Ceat Consols Ditto for Account 3 per Cent B,educed 31 per Cents Long Annuities Bank Stock

shut 94 1 931 4 93' 41 41 205 7

Danish 3 per Cents Dutch 21 per Cents Ditto 4 per Cents Mexican 3 per Cents Peruvian 41 per Cents Ditto 3 per Cents 75 80 60 2 89 91 24 1 67 9 Si 3

Exchequer Rills

2 di,. 2 pm.

Portuguese 4 per Cents 41 3 India Stock shut

Russian 5 per Cents

97 9

Austrian 5 per Cents

82 5 Ditto 41 per Cents 85 7 Brazilian 5 per Cents 99 101 Spanish 3 per Cents 40 1 Belgian 41 per Cents 89 91 Ditto Deferred 191 201 Chili= 6 per Cents 100 3 Sardinian 5 per Cents 84 6 Danish 5 per Cents 100 2

Swedish 4 per Cents

85 8