MONEY MARKET.

• STOCK EXCHANGE, FRIDAY APTERN0011.

The announcement yesterday that the revenue for the qearter ending on the 5th was deficient only about 1,000,000/. produced a favourable effect upon the prices of the Public Securities. It seems strange that the financial prospects of the country should be thought to improve in the face of a confessedly large defalcation. This defalcation, however, is much less than was expected some weeks ago. A con- sidesable impetus was given to the Stock Market yesterday as soon as the Re- venue accounts became known; the rise in the price of Consols during the day being 4 per cent, while the price for Account reached 864. Today the price has been carried 4 per cent higher; but some sales made the market give way, and after being at 86, the closing quotation is 864 4—thus marking an improvement of more than 1 per cent upon the prices of last week. The hooka of the Stocks whose dividends have just become due opened for private transfer yesterday, and the dividends will be paid to the public tomorrow. Inns- actions have occurred in many descriptions of stock that have been for some time neglected. Bank Stock has been done at 188 and 190; and Indian Stock 232 ex- dividend, equal to 2374 with dividend. Thi,s latter stock has risen nearly the amount of the dividend since the shutting; thai price was then the same with dividend that it now is without, viz. 232. Exchequer Bills have improved materi- ally, and the premium has reached 201. Should this quotation, or anything near it, be maintamed, the Government will be able to renew those bills which arrive at maturity in March next without any further rise of interest. The present current rate of commercial discount is about 44 per cent. It was anticipated that the Rank Directors would yesterday have made a further reduction in their mini- mum rate, now 5 per cent; but this expectation was not realized. In the Foreign Market, the transactions have not been important. The prices of the better class of Dividend-paying Stocks have generally improved, in conse- quence of the firmness of the English Funds. More than usual activity has been apparent in the markets for the Peninsular Stocks; Portuguese Four per Cent Bonds having reached 254—an advance of between 1 and 2 per cent; and closing this afterneon firm at the improved quotations. Spanish Active Stock is on the whole about 1 per cent higher; but it is not quite so buoyant today as previously. A demand has arisen for the over-due Coupons of this Stock, dated in 1841, 1842, and 1843: whence it is inferred that another conversion of the over-due dividends into Three per Cents is contemplated.

The Railway Shares are at rather advanced prices; those of the more important lines having advanced between 21. and 3/. The minor varieties are also improved in a greater or less degree; but the transactions are still upon a limited scale, and in some of the varieties quite insignificant. The Foreign Shares are without ma- terial change.

The accounts of the Bank of England, for the week ending January 1st, exhibit when compared with those of the preceding week the following results— BANKING DEPARTMENT. Increase. Decrease.

£21,284 224,210 1,834 845 Total Bullion in both Departments Actual Circulation

This week.

12,404,250 17,924.990

Last week.

12,236,526 17,822,895

SATURDAY, TWELVI O'CLOCK.

The English Funds are not quite so firm as yesterday, Consols for Account • being 86k. We cannot notice any transactions of importance. The premium of Exchequer Bills is the same-17s. to 20s. The Foreign Funds are at yesterday's quotations. The intelligence from the United States has not produced any effect upon the value of Mexican Bonds, which are nearly the same. The Railway Sres are rather firmer; and the following are the principal bargains occurring: Aberdeen, 264; Caledonian, 364; Eastern Counties 154; Great Western, Quar- ter-shares, 194; Ditto, Fifths, 234; Ditto, New 174 101; Lancashire and York- shire, Thirds, 54 discount; Brighton, 434 4; South-western, 54 3; Midland, 401., 424 it; Ditto, 501., 134; Ditto, Birmingham and Derby, 86; North Stafford- shire, 74; South-eastern and Dover, 304 14 3 per Cent Consols 86 i Danish 3 per Cents 82 4 Ditto for Account 86 4 Dutch 24 per Cents 54 4 .3 per Cent Reduced 86 4 Ditto 4 per Cents. 844 54 31 Per Cents 874 i Mexican 5 per Cents 1846... 174 18

Long Annuities 84 13-16 New Grenada 18 19

Bank Stock 190 Portuguese N.4 per Ceuta 1842 244 54

Exchequer Bills 17 20 prem. Portuguese Old 1824 76 8 India Stock 230 2 Russian 5 per Cents 107 9 DmzWan 5 per Cents 80 2 Spanish (Active) 5 per Cents 194 20

Belgian 44 per Cents 88 90 Ditto 3 per Cents 1842 Ili 4

Buenos Ayres 30 2 Venezuela 35 7

Chilian 6 per Cents 879

Rest Public Deposits Other Deposits 279,905 Seven-day and other Bills Government Securities, Including Dead-weight

Other Securities. • -4 10,161 Notes unissued 78,650

ActualSirculation 102,095

ISSUE DEPARTMENT.

Notes issued

Bullion

181,745 167,724 BANK OP REOLAND.

An Account, pursuant to the Act 71h and 8th Victoria, cap. 32, 011 S•1131,1117, the lit day of January 1648.

iss1711 DIPA1TMENT• L23,70,820 Goveminent Debt ....

Other Securities Gold Coin and Bullion Silver Bullion £15790820 BANKING DEPARTMENT.

00vernment Securities, - eluding Dead Weight AnnuitylEll .001622 Other Securities 16,989,221 Notes 7,865,650 Gold and Silver Coin 613,430 £36,532,803 £38,532,903

• Including Eschequer,Saylngs Banks, Commissioners of KationalDebt S Dividend Accts.

Notes Issued

• ; st;s1

Proptietors'Capital E14,533,000 Rest 3,639,843 Public Deposits* 9,011,566 Other Deposits 8,513,106

Seven Day and other Bills .... 805,361