MONEY MARKET.

STOCK EXCHANGE, FRIDAY AFTERNOON.

Something in the aspect of Continental politics operated unfavourably upon the price of the Funds at the beginning of the week ; and on Wednesday a

decline of ; per cent from the price of last week had occurred. A tone was subsequently given to the market by the purchases of the Bank-broker on ac- count of the Savings Banks : these operations have since been of daily occur- rence, and have, in conjunction with a general disposition in the public for in- vestment, completely cleared the market of the floating Stock, and occasioned a rise to a greater extent than the previous fall; Consols for Account having been today done at 94: the price has since given way again, and closes at 931 The Three-and-a-half per Cent Stocks have not improved in like pro- portion, from the prevalence of a belief that one of the first financial operations to be undertaken next year will be their reduction. So strongly has this opi- nion increased during the last few days, that the operations of the Bank-broker, to which we have before alluded, are by some persons believed to have originated in an agreement between the Bank and the Chancellor of the Exchequer, by which the Corporation have determined, (in furtherance of the desire of the Government to effect the proposed reduction,) to purchase Government Securities to a con- siderable extent, in order to cause an improvement in the market. The return of the amount of bullion in the Bank of England, noticed in our last report, is the first for more than a twelvemonth in which a decrease has been exhi- bited. The diminution is very small, only 15,0001.; the average of the 17th of September having been 9,816,0001., while that of the 15th of October is 9,801,000/. It was at first supposed that an error had crept into the returns; for as it was known that large amounts of bullion were received at the Bank almost daily, it was considered impossible that the amount in store could by possibility have been diminished. It wars, however, that an immense suns In gold has been recently sent to India; hence the apparent discrepancy is accounted for.

The overland mail from India has been expected daily since Tuesday, but up

to this moment has not arrived. Notwithstanding the denial of the Parisian journals, arrangements are now in progress for transmitting the mail through Venice, the Tyrol, Germany, and Belgium ; one of the officers who takes charge of the mail to Marseilles having left London about three weeks ago to obtain information of the best and quickest route. This circumstance may be considered as in some degree confirmatory of the reported misunderstanding between the French and our own Government, as it is quite clear that if any collision were to occur between them the present route would not be available. The operations of the Foreign Market have been on a more extensive scale than usual. The broker to whose operations we alluded in our last report has again sold Brazilian Bonds to some extent ; the price obtained was 63, and it was some time before he could dispose of all the Stock he had to sell. As the sale was solely occasioned by the death of the late proprietor of the Stock, and was not of a speculative nature it has not produced any effect upon the market. Mexican Bonds became depressed at the commencement of the week, but rallied about ; per cent upon the arrival of the last mail: the advanced quota- tions have since been tolerably supported. The conversion of the Portuguese Bonds is proceeding very rapidly; more than a million of the old Stock having been sent to the agency for that purpose during the past week. The price of these Securities has slightly advanced, though the demand for small bonds for the Dutch Market seems to have ceased. Spanish Active Stock, which had fallen per cent below the dosing prices of last week, has since rallied again, and is today at the same quotation as on Saturday. There appears to be a dis- position to speculate in this Stock ; but as the price is higher in our own than in any of the Foreign markets, it is liable to be disadvantageously affected by the sales of imported Stock.

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No business of importance has occurred this morning, e prices STI rAfilinl: anAY,dTwth es of the oc*CLocis English Funds are the same as at the close of business yesterday. The only variation in the Foreign Market is in the value of Mexican Bonds ;to wisich the arrival of 78,600 Dollars on account of the dividends has given an impulse of nearly 1 per cent ; and after being at 33, they are now 32i 3. The following beim 4ten the transactions in Railway Shares : Great Western, (New,) 61k; Ditto, (Fifths,) 7; ; South-western, 594; Midland Counties, 65k; York and North Midland, 91.; A report that bills to the extent of 20,000/. were drawn by thehFe"GRoo; Government

t of Mexico against the 78,600 dollars received on account of the divideods,

produced a temporary depression of about per cent. It however turns out that there is not the slightest foundation for the report. The letter of Messrs. MANNING and MARSHALL, the agents of the Bondholders at Mexico, advising the shipment of the dollars, states that they are the produce of one-sixth of the customhouse dues received during the month of August ; and as they were paid into their bands by the Government for the sole purpose of being applied to the payment of the dividends, the firm would not sanction any other application of them. The attention of the brokers and jobbers in the Foreign Market has been almost entirely devoted to Mexican Stock ; which, having been 34, closes at 33 to 4. The others are without variation. So are the English Funds. Bank Stock has been done at 168 for Money, and India Stock at 255 for Money and 256 for Account. The following business has occurred in Railway Shares : Eastern Counties, 84 I; ditto New, 10h; Edinburgh andGlasgow, 46k; ditto New, 41; Brighton, 364 A 4 A; Manchester and Birmingham, 204; North Midland, 314; South-eastern and Dover, Scrip, 1744. 931 1

3 per Cent. Consols Ditto for Account 931

3 per Cent Reduced 93

31. per Cent Ditto 1001 New 31 per Cents 1011 Batik Stock 168 9 Exchequer Bills, 2411. .. prem. 58 60 Ditto gd do. 58 60 India Stock 255 Brazilian 5 per Cents 63 4

Belgian 5 per Cents 101 2 Columbian G pe. Cests 101 1;

Danish 3 per Cests 82 3 Dutch 21 per Lents 52/ 1

Mexican a per Cents Consd 1

Portuguese Regency 5 octets :81 Ditto New 5 per Cents 1841 321 3 Ditto 3 per Ceuta.... 721 31

Russian 5 per Cents 112 113 Spanish (Active) 5 per Cents 171 1

Ditto 3 per Cents 18 P2 2112