MONEY MARKET.

STOCK EXCILANOK, FRIDAY APTSKTIOOK.

The effect produced upon the English Funds from the recent announce- ment of the new loan has now subsided ; the accumulation of Stock through the arrangements made for meeting the deposit of 10 per cent payable last Tuesday, has been more than absorbed by investments of the public ; and the Funds, on ordinary occasions, would have rallied considerably, but powerful opponents have arisen in the failure of the Vienna negotiations, and the intimation from Lord Palmerston that Russia had rejected the terms for limiting her power in the Black Sea, without offering counter-propositions. The speculators for a fall have been very active ; and their operations for the Account being directly opposed to the investments, Consols for the 10th of May have been occasionally cheaper than for immediate delivery—a cir- cumstance which has not occurred for many months, and would render the market susceptible of a great rise on receipt of favourable intelligence. The de- cline this week has amounted to 1}. Consols were done on Tuesday at88a: they, have since rallied to 89i, but are again fiat, closing today at 881 for Mo- ney and Account. The political causes which have affected our Funds u ve had full weight in other departments here and abroad. The Corn-market has improved 28. ; the value of Russian produce has been enhanced ; in Paris, Stocks fell more than 2 per cent ; in Vienna, Securities receded 11; and there was an adverse movement in the exchanges of more than 1 per cent. In both these capitals there has been latterly a slight recovery. The Omnium has been done at 1 1 premium, and the holders have been realizing. The New Terminable Annuities have been steady at 161 per 11, annuity ; and it is thought a large portion will be bought up by Assurance Companies. The annuity with regard to transfer will be on the same tooth* as Consols : the Scrip receipts can be obtained on the resolutions passing the

House of Commons, but the Stock cannot be transferred until the Act has received the Royal Assent. It is believed the margin of profit to the subscribers in the Emancipation Loan of 1835 was nearly equal to that of the present loan. On the day the contract for the present loan was arranged, the premium was calculated in the following manner : 100/. Consols was valued at 89/. 15s., and the Terminable Annuities at 111. 12s.; total 1011. 71., or about lf premium. The real value, however, was greater, because the in- stalments will not terminate until December, and the employment of the reserves for calls meanwhile, even at the present rate of 2 per cent, would produce about 121. The value of the annuity was taken at 161. per 1/., and the quotation was then 164. The worth of the Omnium would thus appear to have been 2 premium. From the increasing abundance of money and the slight demand at the Bank of England at the present rate of 44 per cent, a reduction to 4 per tent is looked for ere long. The average amount of bullion in both departments of the Bank for the month ending 17th March, was 13,514,306/., an increase of 791,0941. com- pared with the preceding month, but a decrease of 2,089,3421. in comparison with the same time last year. The gold from New York this week has amounted to 146,0001. The electric telegraph being now in operation from the War Office m London to Lord Raglan's head-quarters in the Crimea has excited much interest on the Stock Exchange. In Foreign Stocks, business has been transacted at a decline. Turkish has been very heavy from numerous sales, and has fallen If ; and Peruvian. Sardinian, and Buenos Ayres, 1. In Railways the transactions have been chiefly speculative. The leading shares are from 108. to 1/. lower ; including Great Western, London and North-Western, Lancashire and Yorkshire, Midland and North-Eastern— Berwick. The Indian lines have been well supported at improved prices ; the guarantee rendering them desirable investments. French Shares are down 1/. in many cases.

The English Funds are stronger this morning, and are 4 higher—Consols for Money are 884 9 and for the Account 884. Exchequer Bills 510. Ex- chequer Bonds 994. Annuities for 30 years 16 3-16. There has been no- thing done in the Omnium. The bullion return by the Bank of Eng- land shows an increase of 38,8W. In Foreign Stocks, no change has occurred. Turkish is dull at 734 I. In Railways there has been no fresh movement—Ambergate, 44, Caledonian, 584; East Lancashire, 714; Great Western, 634; London and North-Western, 971; Midland, 684.

SATURDAY, Two o'CLocx.

The English Funds have undetgone several variations since the morning : Consols for Money touched 894, and were afterwards-done at 884, closing at 884 9 for Money and Account. Exchequer Bills 47. The Omnium has been dealt in at 1 4 premium. In Foreign Stocks there is not the slightest change. Turkish mark 7341. In Railways' business has been limited, owing to the Account having been arranged today ; prices compared with the morning show very little difference—Ambergate, Notts, Boston and Eastern Junction 44; Caledo- nian, 684; Eastern Counties, llf ; East Lancashire, 714; Gifts Western, 634; Lancashire sod Yorkshire, 754; London, Brighton; and South Coast, 974; London and North-Western, 974; London and South-Western, 804; Midland 684; North British, 27k; North-Eastern Extension, 124; Ditto York, 47 Oxford, Worcester, and Wolverhampton, 26; South-Eastern 60 ; South Wales, 274; London, Tilbury, and Southend, llf ; Great North- ern 5 per Cent, 1151; Great Western, Convertible and Redeemable 44 per Cent, 974; Midland ConsolidatedBristol and Birmingham 6 per Cent, 133; East Indian, 24; Ditto Extension, 12k; Great Indian Peninsula, 54; Great Western of Canada, 184; Great Luxembourg Constituted Shares, 14; Seinde, 14 prem. Mines—Santiago de Cubs, 6; United Mexican, 71. Joint Stook Banks—Anstralasian, 804; London and Westminster, 424. Miscellaneous —Crystal Palace, 34; Ditto Preference, 44; Electric Telegraph, 16; Penin- sular and Oriental Steam, 611; Ditto New, 114.

SATURDAY, TWELVE O'CLOCK.

3 per Cent Consols Ditto for Account 3 per Cent Reduced New 3 per Cents ts 881 9

9 , 81 i

87 88 II Danish 3 per Cents Dutch 21 per Cents Ditto 4 per Cents Mexican 3 per Cents 81 4 90 2 201 1 81 3 Long Annuities 3' Peruvian 4/ per Cents 88 70 Bank Stock 210 12 Ditto 3 per Cents 47 9 Exchequer Bills 4 7 Portuguese 4 per Cents 41 3 India Stock 228 30 Russian 5 per Cents 98 100 Austrian 5 per Cents7 84 7

Ditto 41 per Cents

88 90 Brazilian 5 per Cents 98 100 Spanish 3 per Cents

36 4

Belgian 41 per Cents 93 5 Ditto Deferred 174 184 Chilian 6 per Cents 100 2 Sardinian 5 per Cents 85 7

Danish S per Cents

101 3

Swedish 4 per Cents

86 9