The Sun.
London, England, 1839-02-06 00:00:00

MONEY AND CITY NEWS

(FROM MI MOANING PAPERS OP TPIII DAY.)

TIMES.—The Royal Speech was known in the City before the ter-
mination of business, and underwent more eager discussion than
usual among the little knots of politicians collected for that purpose.
The general feeling respecting it, so far as our observation went, was
one of disappointment and uneasiness—first, because it is without
the usual consolatory reference to the " prosperous" state of the
country's resources; and next, because indications of danger are
given in such vital points of our colonial and foreign policy. There
seems to have been some expectation that the Speech would have al-
luded to the Corn-law question. A new loan would appear to be in-
evitable in the course of the Spring, from the passage of the Speecd
which recommends that " adequate provision be made for the exigen-
cies of the public service;" and, in that case, the earnest desire of
the monied interest would be to have Mr. Spring Rice fairly among
them, placing his reliance upon the real capitalists of the country,
and abandoning all his jugglery with the Saving-banks' money and
the Bank of England, which must bring him and the countrry into
a state of perplexity from which it cannot escape but by some great
and painful (flint

POST.—The Stock Markets were both heavy again to-day.
The ceremony of opening a new session of Parliament by the
Queen seems to have engrossed the chief attention of our moneyed
men. Theelarm which has been kept up in some quarters about the
exportation of specie and gold bars turns out to be purely imaginary.
Bills on Paris were freely offered, but purchases were by no means
numerous. The rate may be expected, therefore, to take another
start in favour °Mils country in the course of a post day or two.
Considering the increaseddemand that has existed of late for drafts
for remittance on account of corn purchases, it is perhaps rather to
be wondered at that there has not been some trifling derangement,
but, hitherto, the exchanges have not been sufficiently depressed to
afford the exporter the necessary compensation for the trouble and
expense of shipment, the loss in interest, and the charge for insur-
ance at the comparatively high rate of premium demanded on win-
ter risks.

HER A LD.—Her Majesty's Speech to Parliament has of course
excited some interest here, and it is considered, though longer than
usual, by some to be of a favourable character ; on all hands, how.
ever, it is admitted to be rather more of a lady-like address than a
political one, treating boldly of the public affairs of this empire.
It appears by the United States papers, receivedhere yesterday,
that the United States Congress has commenced to set our legislature
the important example of preventing, by powerful enactments the.
great hazard and sacrifice of human life which has constantly arisen
from the dangerous qactice of steam-boat racing.
It also appears, fristh a statement of a New York paper, that the
total arrivals in that port during the year 1838 amounted to 1,700
vessels. Of this number 1,361 were American, 230 British, 20
French, and the rest from ether countries. During the same year
25,581 passengers arrived at that port, being less than half the num-
ber which arrived out in 1637. The troubles in Canada account for
he latter incident.

The Public Recorder of Sunday last, in alluding
to the Royal Speech, predicted that we should be " congratulated on
the conclusion of important commercial treaties with Turkey and
Austria, and on the probable settlement of the differences between
Holland and Belgium; that the state of Spain would be deplored ;
that our relations with America would be considered satisfactory;
and, above all, that No mention would be made of the Corn-laws."
This is almost as lucky a guess as that made by Murphy on the du.
ration of the last )ear's frost.
TREMENDOUS FALL AT SIIA KSPEARE'S CLIFF.

—A few days ago, a tremendous fall of chalk took place at the facing
of the ruck forming the entrance of the west Tunnel through Shak.
speare's Cliff; and, had not some warning been given by particles
falling, no less than seventy-eight men must have been crushed to
atoms, so lofty was its pitch, and forming as it did a mass of several
thousand tons. By this fall, however, the geologists have a treat, as

the vertebra of an immense animal have been laid bare, and it is ex-
pected that the remaining parts of the skeleton will be found on the
removal of the fallen rubbish. The works of this undertaking are
progressing rapidly. The east tunnel is cut through the intended
line; and the shafts are being steamed up to the surface of the
mound, to avoid accident to the workmen below. In short, the
whole of the road from Dover to Folkestone is one scene of bustle
and energy. A tram line is laid down to expedite the removal of
materials, &c., for the prosecntion of this great national undertaking.
Canterbury Journal.