The British Press; or, Morning Literary Advertiser.
London, England, 1821-05-25 00:00:00

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"!'RE. BRITISH PRESS.

LONDON,
FRIDAY, Moir 96, mgt.

The funds continue to ries, and by their int.
provement excite. the wonder of every close of per,
sons. Yesterday wag settling diy at the Stock. Ex-
change, and Cotisiih for the opening erre quoted,
at 71 and 731. Dewing the last account there had
been a rise to the amount of tbreeper coot. hut.
there existed no apparent court fee thiswiyoldiolts
none et least adequate to the producing of so CAn'
siderable an improvetpant, In the present state of
the coutstrp the sepses of an increase in the pride,
of Goistrinuctse securities are extremely limited.
The hope of repsymesit in consequence of any great
improvesneat in the produce of the revenus, is far too
remote to operate sensibly spas the market, and
we aro happily relieved from the apprehensions of
domestic distorbanees or of foreign injuries. The
prices of the fund% therefore, can be directed solely
by the value of money in the market, the means of
austelaying capital, and the rate of the profits likely
.to be derived from it. Should the operations of
foonips trade. for instance, he suddenly checked,
or should they herome less profitable in any par-
ticular branch than usual, such events would im-
mediately produce a sensible impression upoo the
prices of Gme.•.._ =acs, and raise them in

- -
proportion to the eameant of the capital prevented
• tram entering the trate, sod of the capital thrown
met of employment. To 'the funds every man runs
with his ueensployesi money, so that if capital in
the hoods of merchants or of speculators be either
idle from the doubts. or embarrawmeuts of the pre.
prietors, or betome less profitable in trade or ape-
culetion than it !snail be if suffered to lie quietly
in Govesomeet securities, the owners of it will im-
mediately take it to the Stitch gaeheage sue is.
west it ip stock, awl au mU persons similarly vie-
cuessietwed will act in • similar mapper, there will
be at the Exchange for the moment mere perehosem
than sellers, and the excess of espial will case; ins
improyeaseste in the prices of the funds. le the
mine manner if the proprietors of foreign stock be-
seine, from any circumstances, doubtful of the se-
clarity offered by the foteigp Govesonseet, they
will draw their copiasel, from the foreign fends, and
intrust it to the high of theis own Geresameat.
This operation, sire, would have the 'Meet of
raising the prices of our stock. The prices will
• appear to rime whenever the iotriesic value of
the currency of the country suffers a diminution,
for the Gosternmest securities are a seleoble article,
sod their prices must be governed by the sense
games that regulate the prices of every other erticle„
Cweciirrent events coal undoubtedly, as they have
done, et the same time diminish the intrinsic value
of the circulating medium, sod also redece the
prices of stock, but the operettas of the mum to
.hieh we refer is not the less certain, although its
latmediate effect may not be dieceruible amidst the
cloud of concomitant eileompteoFes. 'The prices
of stock, on the contrary, may fill at the very
moment that the demotic sail fine* trade of the
cooper, is baronies to experience the most 'stew.
sive improvement. Should a sew moms of trade
br eeplored —should gem unarketp.hr operieff to the
enterprising industry of our mengfecteresa mad
merchants—should capitol, in short, become more
profitable Asa before, and the ensployment of it
bg %muted by the wllF.MWients of ansmoted totems,
the propitious of it will is medituely wit oar ;

there will be in the market more sellers than
billy'!,And the 4*p ei the Gewsesemema sonorities
will fall in proportion to thospomitip of cfpitid
I abstracted from the fuodo, or. dissztost how slissi
into .clonmets of porkobie *Nell. We hi!"
touched upon These ',kohl for ill". ;primp Of !kb•
polling a vulg./ bat feud (Wasiiak. rhat rig oc.
fall td the public funds is to be iegainee
as a kind of estimate lee meertaioing the actual
condition of the empire. We tisse.ay 'we !mom*.
Apo that in most cases thee* sr* iimodsamilo
from eirmimMtmeos *at ere for bole beteg Wks- I
live of a sound and healthful condition, and that
on the contrary a depression in the market opti bs
' en unerring
.sgaiptoin of rioitosMi 'igasperiry. Yi
howases, be obsessed, that env remark! refer
extinsirlY Yria:ferf visa. vireo the seseitite ,
miado of timeo-nee frays inns the smarty
that must await spew the occurrettelee 414 disteet
and doubtful contest.
The late events nom the continent Atif lumps
certainly elcited a very general okras menet the
preprietors.of (amigo stock, end, seme Raises of
British pounds have in coaselsesel, hoes Usoo.
fared from the French .m 0 ett* steehi its, est
Government securities. Tfrgis
,egguilloo lib iss.wac
opinion, the principal came of the Illetid the is

oar fond.. We are not aware, 41,114
the continent eeercised any illiterate upallt'
fossil!, either by causing an actual deprtMlolip
by preventing their improietnient; but theL
se, ionrething may now be attributed to tbia• go?
staration, of confidence. The retorts of the Berth
to cash laymen's, considering the 'event to which
the paper 'issues had recently been redoced!
certainly Increase the quantity of the.circelating
iltedistu; and therefore in some degree dimisish its
intrinsic value, though it will osily.remore it to its
sound and wholesome state ; hut whatever may be
the extent of this operation. time has not yet al-
lowed for it, therefore nothing can be dedaced
'from the stale of the currency with reopect to the
subject nue before us. In the present state of the
,laances of the country, a rim in the price of the
funds is certainly not to be desired. for' limited at
r oat sinking fund now is, it becomes A matter of
dcep. interest that, the produce of it should be. rep
dared asagraitiie as possible.

The Newington Select Vestry Bill was withdelira
lost night in the House of Contemn.

We give this day rotor further extrects from the
Paris Papa of &lowboy. Prince YPSILANTI, to
wiTK Proceeding 'ref' eye now terse with in-
terest. addoessed • circular letter to the heads
of the Greek religion, and to the Boyards of
Moldavia and Wallachia, which is remarkable
for only one sentenae. lie m, in it, "Be
assured that the aunt rowan (meowing Rosie)
which protects these two Principalities, will not,
say ease, suffer the barbarians to enter them.
For this purpose his Excellency the General-in-
ane& Coin' Di WITTONIISTUN, has sot telly
received order* to lead to she (metiers the. troops
which he commoods in the tertitoey of Warsaw, btit
be hos even already put them in march." We see
afraid- that YPSILANTI has made thyaitatenseot
without the slightest aothority. Ressicn,
troops, indeed. in Poland were pail in motion,
but it wss the the purpose, or* le protecting
the Principalities of Moldavia 'and Wallachia
from a Turkish army, but of Walling , the
cote ambifil• of its Emperor. by swelling towns*
Italy. We, however, collect from this circulve
letica, that the Boyardi, and other principal lobar
bfiatits of the provinces, with ever the Clergymen
of the Greek religion, fly from the pthiaipplitiek
told !hue cssomunion with the insingenan jar
ewe eccoont we lad a distiosithis &Ws 41011“ria
.the ishobiteuts of Moldavia. mei of WidildilisNd
white the Boyerde of the former are eiSirliiihiait
themselves absolutely to the Porte, '),r chief mesa
Of the latter are willing to idea*, their totem*
with those of their patriot couetryineta. An artirde
of intelligence from Augsburg states, that several
young men of Hungary, of Austria, and of other
parts of Germany, have ranged themselves under
the stendardof Yrs: 1.1111111,
The 'Diem di Mane says, that °idly Pt
melt et. the lonian Islands hoo peubiltialds soder
ulna of feefiritiog the rights of 61444400 e e,l tby
inhabitants of these Islands to take say pert iatbe
distorlnnices which Use intakes oat in the MM.*.
This Proclamation, on the pert of tit reeisp&.
vernment, would imply that the aceonstworres tie
comet whisk ',present the Grerk iusurrectios se
not being coolned to the prorapf% yycily
Danube.'
Late,. *ea Loybscb. ffrOinf 414 V4Palb
*it die Congress Will be still farther .
0, PriTl? Inrt1!? ?r4if resat
MN, 4041* 4 SO,* at /1"."
POWSs.

! Illtr AbilisPir Old'. tot,' is abler 'WMlk*,
at Gembidge Militia MPH pl_
,* pePIVOO7 i-
Wet mire Lbsd end Lady TroiurAy %wputt, and
"Sitar,. gOios. PoSiossi sad Lady. • ,
.
iNtLitsehese of Kurr um! 09 PtiStie fusses
diedn *UV -Nitta " .LIOPOLD at liferlbosesog
. ,
HMS laittadep * 1
. litetempl be Duke ref Gi•pposeria 444 with.
' the. ireh oisnop of CANTItaIIVaT at umbeek. Pb.: 1
Iseiers....m4 bops and a mamba.: of distils-
,gai chewier* ems rournt *llliit Mt RTII
'WPC* - -:- . • ,
lady Ount km issued cards of iseittlimu allf If•
muslegt iiiiety an the 9th of Jane, at kw h 411111114
144P1P-olowv. ... .
4drl9liap yr Fixt.l4* Wsisar hem Maid l
._ .*- OF tti*theti fir • gees& met • 41111 Illm WS 'di
AVMs Leil ilea Mesa in. fit..liammi•Ougditre.• . '' • ' :
1-1 hlasowic INSTIVItIBII....Tiat tweaty-third en.
sieersory festival or thp Gp.vcrpoll kld Mead* of
Charity Wier held ' ytetildly, at Freemason's
li, in Great Queen-street: * His Ito/al %haw
Molar all4iostlt, G.M. is the Clisie,
Tlassibreaskast eleassestoos differentiae& esem
posse& is - swat, Waterford 'since Quietuses
last, for_tgaysiseat of reata.—LCork,dhorassitife
11;6.'1°4r-fel
UM Multetby being her IV. 141/4/11j
the soma W Steleimerd by Aging at. •
fitilife itml.M
0. P.s.tem. i• Hosefard.
IJaThasaday-last the Queen's birthday wee cp.
lebtuted at Losdleer by beillinging mid what
itionstratiossi 4 Toy;
At Presto. therellhi *grand diniter is honour of
the day.
Thursday last. being hew fil.eilittep birthpday,
vas partially obliarved here as a bWl,449l.julte ititilla
bethe herholle displayed • koqrt!tle.. 'IOWA.
t its digs ved en titt twat,' ow pee" Cud,
uts all belmg I-4 6%44001e Perm./