THE MONEY MARKET.

STOCK EXCHANGE, FRIDAY EVENING.—Since our report of last week, we have had numerous and extensive transactions in our Stock Market. The first price of Consols on Monday was 87i, both for Money and the Account ; but the bias of the speculators soon appeared decidedly in favour of a further advance of prices, and before the close of the market Consols were done at 88. On the morning of Tuesday, the market looked still better; 84 to 1 were the prices quoted,—and some sanguine persons began to talk of 90; but their longer-headed friends, who had before withheld their Stock, now began (as we hinted last week) to open their hoards, and the supply proved so large that in a very short time the price fell to 874; and has since gradually declined, after some fluctuations, to 8741 at which the market closed this afternoon. There was much talk among the speculators for a rise (called, in the jargon of the market, Bulls) of wonders to be worked in their favour by the King's Speech; but that speech seems rather to haveworked the other way. The truth is, that its effect was anticipated by previous purchases; and although there may have been other and unseen causes for the decline of prices, we rather take the immediate and chief cause to be the sales effected by parties who bought Stock some little time ago at and under 80; and who have now been realizing their profits. There has also been much talk among the City politicians, of the effect likely to be produced on the value of the public Funds by the projected emancipation of the Roman Catholics. We certainly look to no unfavourable result from the settlement of that question. A reduction of the enormous military force at present required in Ireland will follow; and the people will progressively improve in order and industry. In short, the results will, we hope, prove what of all things the fundholders ought to desire, namely, an increase of revenue, and a decrease of expenditure.

The heavy Stocks have declined since Tuesday in nearly the same ratio as Consols. Money is plentiful enough in "the house," or rather, Stock is scarce, and still bears very nearly the same price for money as it does for the *count 1 The export of gold is said to be still going on. Exchequer Bills and India Bonds are both lower in price.

In the Foreign Market, the South American Bonds are in a most deplorable state: Colombian Bonds have receded to 19, and those of Peru do not bring more than 14—it is a question, indeed, if even that price could be obtained for any considerable amount. Brazilian Bonds maintain their value with tolerable firmness, but are nearly one per cent. below the price of last week,-023 to 634-. Buenos Ayres Stock has fallen to ,IrQ or 41, a considerable quantityof it having been thrown upon the market. We ha!ve repeatedly expressed our opinion respecting this Stock, that "peace does not necessarily imply Dividends," and the holders of it seem now inclining to the same opinion. Certain.it is that the holders of South American securities of every description, have had little reward for their patience ; and whether owing to the poverty or the profligacy of their debtors, their prospects seem now reduced to mere blank.

Portuguese Stock has been done at 50, buthas recovered to 51. Russian is higher.-971 to ; Danish, 614 ; Spanish, 9.

The Shares of the 1 Tnited Mexican Association have been much depressed; the cause of which appears to be, that more advances are likely to be required ; yet the present state of their mines is most promising.

SATURDAY, ONE 0' CLOCF.—There has been some business this mornifig-. Consols opened at 87+ to 3 advanced to nearly 874, but have since retrograded to 874 sellers. There is nothing doing in the foreign room.

BRITiSII FUNDS.

Bank Stock, div.8 per Cent.2114, 3 per Cent. Reduced, 844 s44 3 per Cent. Consols, 874 3 4 34 perrent. 1818, 973

34 per Cent. Reduced, 973 974 New 4 per Cents. 1822, 1013, 102 1013

4 per Cents. 1826, 1057, 106 Long Annuities, (which expire 5th Jan. 1860) 20 1-16 20

India Sttick, div. 104 per Cent. 236 South Sea Stock, div. 34 per Cent. India, Bonds, (4 per Cent. until March, 1829,, thereafter 3 perCent.)

Exchequer Bills, (interest 2d. per Cent.

per Diem,) 64 66

Consols for the 26t1s Feb.

FOREIGN FUNDS. Austrian Bonds, 5 per cent. Brazilian Bonds, 5 per cent. 623 634 Buenos Ayres 6 Cent. 404 414

Chiliati, 6 per Cent. 22 224 Colombian, Ditto, 1824, 6 per Cent. Danish, 3 pee Cent. GI HAN Greek 5 per Cent. 15 Mexican 6 per Cent

Ditto 6 per Cent. 281, 284 Neapolitan 5 per Cent. Peruvian, Oper Cent. 14 15 Portuguese, 5 per Cent. 502 51 Prussian,

Russian, Spanish, 9

SHARES.

Anglo-Mexican,

Brazilian, Imperial, 021. 641. Real Del Monte, 140

/301anos, 360/. 370/. Colombian, 84 94

United Mexican, 104 II

FRANca.—Of the sum of forty million sterling voted by the Chamber of Deputies as an indemnity to the Royalists whose estates had been confiscated in the early stages of the Revolution, thirty-one million has been distributed among rather more than eighteen thousand families.

The French papers contain a rumour that Don Miguel of Portugal is advertising, through his agents at Paris, for gulls to lend him twenty-five millions of francs, or about a million sterling. Neither Jew nor Gentile, we think, is likely to attend to this application.—nnes.

DISCIPLINE IN THE FRENCH CONVENTS.—There are in Paris, it is said, two convents, in which religious discipline is regularly administered on every Tuesday and Friday. In the first the females are divided into parties of four, who flog each other naked in a corner ; in the second, from sixty to eighty females are placed in a line in the middle of a large hall, in the presence of the Abbess; these persons then flog each other, and the Abbess front time to time exhorts them to lay on good blows.—Journaldes Voyageurs.

SrAix.—The price of wheat has risen considerably in Spain, in consequence of the demand for England. Recent letters from Bilbao state that 50s. and 51s. per quarter was given. Great quantities have been purchased, and were waiting for freight.

The King of Spain has taken great offence at the Pope for appointing Bishops to the sees of South America, considering his nominations, with the consent of the local and upstart Governments, as a recognition of their independence.

GrammAR.—The final termination of the fever has been officially announced by General Don. All places of public resort were to be opened on the 17th January ; and on that day clean bills of health were to be issued from the port. The 16th was set apart as a day of thanksgiving. The number who have died of fever is stated at 1618 persons. In the fever of 1804, the number of deaths was 5500.

THE NETHERLANDS.—The Minister of the Interior, considering the neces.. shy of studying both the languages used in the kingdom, has ordered the foundation of a professorship of french literature in the Atheateuat of Brussels.