MONEY MARKET.

STOCK EXCHANGE, FIIDAT AFTERNOON.

The rise in the Corn-market has checked that in the English Securities, and our present quotations mark a decline of 3 per cent as compared with the highest price of the week. Notwithstanding the purchases of corn made on French ac- count, and the tendency of such operations to cause a rise in the rate of exchange, the exchange upon Paris still continues to fall. The amount of bullion in the Bank of England is now very great, being about 14,000,0001.; and although this sum will allow of a large reduction, circumstances may speedily arise by which it may be considerably diminished. The decline of the exchange upon Paris has already produced a great demand for bullion, and the drain upon the Bank of France still continues undiminished. By the last advices from the United States, the exchange at New York had declined to 105, a point at which the shipment of gold from England had become profitable; and as the exigencies of the Mexican war would tend to increase the value of bullion, it is believed that large amounts will soon be shipped from this country to New York. An increase in the value of

money is therefore anticipated; though it can hardly be considered as imminent, since no material advance in the rate of discount can occur until the amount shortly to be issued in payment of the dividends shall have become absorbed. In the mean time. we may remark that the premium of Exchequer Bills has fallen to 6s., and today's quotation is from 6s. to 98. premium.

In the Foreign Market, the business has been rather more extensive than venal, and Mexican Bonds have advanced slightly. Notwithstanding the victori- ous progress of the armaments of the United States, it is generally anticipated that the war will soon terminate. The last accounts from New York represent the state of the money-market to be such as to render it almost impossible for the Federal Government to raise the money it demands. The dividends upon the Portuguese Bonds, now in course of payment, will be subject to a deduction of 20 per cent., being the amount, under the name of " decima," that the Government lately authorized the Junta of Public Credit to deduct from the Foreign Divi- dends. This amount, with the addition of the Income-tax, will reach 41. 9s. 4d.

per 1,0001. Stock; thus practically reducing the Four per Cent Bonds to Three per Cents. The price of the Stock continues unchanged; and it is now quoted at 85 to 37 without the Dividend; equivalent to a nominal quotation of 87 to 39, but really to one of 863 to 383, with the Dividend. The Northern European Bonds are firmer. Dutch Four per Cents are now quoted without the Dividend. The transactions in Spanish Bonds have not been extensive, nor have they occa- .aloned any material variation in price. In the Railway Share Market, the tendency to an advance in prices has been

checked by the scarcity of money; the speculators being compelled to pay much higher rates of interest upon the settlement of the last account than for some time. With few exceptions, prices therefore have declined. Among the exceptions may be cited the Birmingham and Oxford Junction, which is still advancing; the North Staffordshire; and a new line from Lichfield to Cheadle, called the Bir- mingham, Manchester, and London Junction, which has only made its appearence in the market today, and has been done at 13 premium.

The French Shares are steady, without any important transactions; while Belgian are quite neglected. SATURDAY, TWELVE o'croce.

There is no change or business of importance occurring either in the English

or Foreign Fonds. The Railway Market presents a firm appearance, the favourite lines be.ag :kill in the ascendant. Thus Birmingham and Oxford Junction are 93 to 10; North Stafibrdshire, 43 3; and Birmingham, Manchester, and London Junction, 13 to premium. The following are the only bargains as yet recorded in the official list: East Lincolnshire, 4; Great Western, Quarter-shares, 19; Ditto, Ditto, Fifth-shares, 303; Manchester and Leeds, 113; Manchester and Southampton, 23 2; North British Extension, 13.

SATURDAY, Two o'catoca.

The English Funds close rather more firmly, in the absence of any transactions

of importance. A better tone has, however, been imparted to the market, by the announcement that the negotiation already referred to for a loan of bullion by the Bank of England to that of France has been concluded. It is anticipated that when the fact of this arrangement's having been concluded is known in Paris, it will tend to increase confidence and produce an advance in the Money-market there, with a corresponding effect here. The transactions in Foreign Funds have been unimportant. An improvement in Mexican Bonds may however, be noticed: they were in demand, towards the close of business, at 25. In the Railway Share Market prices are generally well supported, and we have to notice an advance of 11. a share m Great Western Fifths. The business occurring has been quite unim- portant. The following are the principal bargains since the morning: Ambergate, Notts, and Boston, 23; Birmingham and Gloucester, 129*; Caledonian, 30* 30; Ditto, Half-shares, 21 3; Chester and Holyhead, 251; Eastern Counties, 233 3; Ditto, York Extension, 83: Great Western,135; Ditto, Half-shares, 78 7 9; Ditto, Quarter-shares 19 183; Ditto, Fifth-shares, 801 311 *; Lancaster and Carlisle, 67 63 7; Ditto, New, 10 3; London and Blackwell, 83; London and South- western, 643 83; Midland, blew, 823 3; Scottish Central, 21 3; Ditto, Midland, 14; South-eastern and Dover, 40; Ditto, New, No. 4, 33; York and North Mid- land, Half-shares, 463; East India, 3 3; Great Western of Bengal, * 3; Namur and Liege, 33; Paris and Lyons, Constituted, 83; Paris and Rouen, 36; Paris and Strasbourg, Constituted, 4* 3; Sambre and Meuse, 43; Tours and Nantes, -Constituted, 23.

Danish 3 per Cents 863 73 Dutch 23 per Cents 593 603 Ditto 4 per cents 921 33 Mexican 5 per Cents. • .1846 243 253 New Grenada 193 203 Portuguese New 5 p. Cts. 1841 35 7 ex.d.

Peruvian 39 41 Russian 5 per Cents 110 112 Spanish (Active) 5 per Cents 263 Ditto 3 per Cents 1842 363 ex.d.

Venezuela 39 41 3 per Cent consols Ditto for Account It per Cent Reduced shut 93 3 941 4 33 per Cents 95 3 Long Annuities 9 13-16 15-16 Bank Stock 205 6 Exchequer Rills prem. 6 9

India Stock shut

Brazilian ft per Cents 87 89

Belgian 41 per Cents 95 6

Buenos Ayres 6 per cent —

fatiRan 6 per Cents 94