MONEY MARKET.

STOCK EXCHANGE, PRIDAT AFTERNOON.

In the ordinary discussion on the Eastern question and its impending in- tricacies, the publication this week of the secret correspondence between this country and Russia on the fate of Turkey has produced a great sensa- tion here and at Paris ; full disclosure of the treacherous designs of the Czar has strengthened the belief that fierce war is inevitable. This caused a fall of I per cent in the Funds on Monday, and Consols closed at 89/ 90. The public have continued to purchase Money Stock; but speculative sales on a large scale have prevented any permanent reaction,. and after daily depres- sion, Consols closed last evening at 88/ 9. The French Funds have fallen about 4 this week. The rate of exchange has been more favourable, and the dram of gold from the Bank of England comparatively small. At Vienna, the panic increases; the Funds continue to fall, and the exchange on London has advanced to 13.18. Advices from St. Petersburg mention the prohibition of the export of bullion, producing a fall in the exchange on London to 34d.

At the adjourned half-yearly meeting of the Bank Stock Proprietors on Tuesday, the dividend of 41 per cent was confirmed by ballot. The new French loan has receded to par. Arrangements for a Turkish loan of 2,300,0001. sterling were made on Tuesday with Messrs. Rothschild : a Six per Cent Stock, at 85; the payments to be made in five instalments, re- .deemable at par (100 per cent) within fifteen years. Subscriptions will be received up to Monday evening next the 27th instant ; and the deposit to be 15 per cent. The first operation for the sinking-fund will occur on the let of April 1855; and the drawn bonds will be paid off in October 1855, and in like manner by annual amounts for the remaining fourteen years. It has already been done at 1 to 2 premium, and is today premium. It is expected that the subscribers will be numerous, and that the remembrance of the former loan of 1851 will not prejudice the present issue : the former was for the Bank of Constantinople, without the authority of the Porte, and a change of Ministry led to a denial of the validity of the contract, and to an ultimate repayment with a bonus of 3 per cent.

Today the English Funds have been very heavy, and they were at one period 1 lower ; Consols, after being 881, leave off at 881 for Money and Account. India Stock has fallen 6 per cent this week, and Exchequer Bills 7s. : the latter close today 2 discount to 2 premium. Money has been less in demand

Foreign Stocks have been unfavourably affected by Consols, and have fallen considerably. Several sales in Russian have taken place. A decline has occurred in the following-Peruvian Four-and-a-half and Three per Cents, 5 i Danish Five, Russian Five per Cents, and Swedish, 4; Belgian and Danish Three per Cents, Dutch Two-and-a-half and Four per Cents, 3; Russian Four-and-a-half per Cents, Sardinian, Buenos Ayres, Portuguese Four per Cents, and Venezuela, 2; Mexican, 11 ; Austrian, Brazilian, and Granada Deferred, 1; Spanish Deferred ; Ditto Three per Cents,

Railways have partaken of the generadepression in other markets, and, assisted by sales, have declined daily. No reaction occurred up to yesterday afternoon ; when the difference in some of the leading lines compared with last Saturday's was to the following extent. Decrease-York, Newcastle and Berwick, 41. ; London and North-Western, 31. 108.; Oxford, Worcester, and Wolverhampton, 31.; Great Northern, and North British, 21. 108.; Great Western, 21. Sr.; York and North Midland, East Lancashire, Lancas- ter and Carlisle, London, Brighton, and South Coast, London and South- Western, Midland, Norfolk, and South-Eastern, ; Lancashire and York- shire ; N. 158.; Chester and Holyhead, W. 10s. ; Caledonian, 1/. Sr.; Bris- tol and Exeter, Edinburgh and Glasgow, Scottish Central, and Scottish Mid- land, 11. The decline in Foreign Shares has been-Paris and Rouen, 1/. ; Luxembourg, 15s.; Paris and Lyons, 128. 6d.; Paris and Orleans, Paris and Strasbourg, and Sambre and Meuse, 10s. ; Northern of France, 7s. 6d. Na- mur and Liege, Sr. Today the English lines are from 58. to 1/. lower in several instances ; Foreign Shares have also declined.

SAITRDAT, TwT.LvE O'CLOCK.

The English Funds have receded this morning below a point they touched after official hours yesterday, when Consols were done at 88. Today, after being at 871, they have rallied to 871 sit for Money and 87/ 8 for Account. The reason assigned for the further fall is a belief that an English courier has passed through Berlin bearing the rejection of the summons of the Western Powers. Exchequer Bills 2 discount 2 premium. The bullion re- turn by the Bank of England shows a decrease of 573,8461.; which is not so large as was; expected. In Foreign Stocks, Brazilian is 1 lower; it is now 94 6. Railways are very flat ; these are the present transactions-Bristol and Exeter, 90; Eastern Counties, 114; Great Northern, 85; Great West- ern, 735; Lancashire and Yorkshire, 604; London and North-Western, 95; Midland, 54.

3 per Cent Consols Ditto for Account 3 per Cent Reduced ..... 87J 81 871 8 shut Danish 3 per Cents ......

Dutch 21 per Cents Ditto 4 per Cents 70 5 52 4 82 4 Si per Cents shut Mexican 3 per Cents 221 Long Annuities shut Peruvian 44 per Cents 55 60 Bank Stock abut Ditto 3 per Cents 40 5 Exchequer Bills 2 di,. 2 pm. Portuguese 4 per Cents 33 5 India Stock 220 30 Russian 5 per Cents 83 5 Austrian 5 per Cents 74 7 Ditto 4,1 per Cents 74 6 Brazilian 5 per Cents 94 6 Spanish 3 per Cents 86 a Belgian 4/ per Cents 82 7 DittoDeferred 17i Chilian 6 per Cents 100 3 Sardinian 5 per Cents 76 8 Danish 5 per Cents 90 5 Swedish 4 per Cents 78 82

BANK OF 'ENGLAND.

An Account, pursuant to the Act 7th and 8th Victoria, cap. 32, for the week ending on Saturday, the nth day of March 1854.

1.61117•

£28,062,515 Government Debt £11.016,100

Other Securities 2,984,500 Gold Coin and Bullion 14,062,515 Silver Bullion L28,062,616 £28,052,815

• ■11 INO DIPARTIEENT.

Proprietors' Capital £14.563.000 Government Securities. On-

Beat 3,730,877 chain gDeadWeightAnnuity) £11,844,700 Public Deposits. 3,678,817 Othw Securities 14,815.895

Other Deposits 11,305,389 Notes 2,278,665 Seven Day and other BMA 1,128,507 Gold and Silver Coin 760,324

£34,395,584 £94,396,684

Including Exchequer, Swamp-Banks, Commissioners ofNational Debt, &Dividend Acct.

Notes issued