This work gives a theoretical analysis of the dynamic behaviour of externally pressurized gas-lubricated porous bearings with journal rotation and with regard to the stiffness and damping in the conical mode of vibration. The theoretical analysis has been obtained by the simultaneous solution of the continuity equation of flow through a porous medium (derived from a modified version of Darcy's law) and the modified Reynolds equation (governing the pressure in the bearing clearance) by the finite difference method (successive over relaxation, central difference) satisfying the appropriate boundary conditions. The effects of journal speed, feeding parameter, supply pressure, porosity parameter and length-to-diameter ratio on the stiffness and damping coefficients have been investigated. A one-dimensional flow model without velocity slip is considered.