The Sun.
London, England, 1839-10-16 00:00:00

LATEST N

From the New York Gazette, Oct.l.
RATE OF SALES AT THE STOCK
EX-
CHAG.
212 Shares United States BanNk, E
cash
rk 103 i
94
417 do. North American Trust Company 52
.52;;,
20 do.
34 do. Bank of Commerce ........................ 94
American Exchange Bank ............ 78 alo do. Del. and Hud. Canal C0...56i 56f 561 57N 25 do. Vicksburg Bank ..... ................... .
!/ 60 do. Bank of Kentucky . ........................ 721 72 32i
25 do. New Orleans City 8ank......... 60 days 2
20 do. Equitable Insurance Coin7
B 3 das 102 640 do. Haarlem Railroad .......f y
40. do. Paterson Railroad ....... ....41 414 41.
51
110 do. Mohawk Railroad 521 521
45 do. Boston and Provincial Railroad. 96i- 97
re do. Stonington Railroad lO do. Utica and Schenectady Railroad ll5
50
54 do. . Syracuse and Utica Railroad lo7
28A-
:i0 do. Canton Company, Baltimore
The

~:
e

Ire was no material change in prices of stocks yes-
terday, and business to a fair amount was done. In
the stocks following a slight reduction has taken place,
viz,--United States Bank declined I ; American Ex-
change Bank, 14 ; Kentucky Bank, 1 ; and Haarlem
Railroad, per cent, on-the closing prices of Saturday,
While Bank of Commerce and Boston and Providence
Railroad advanced s, and Vicksburg Bank per cent.
The British Queen sails to-day, and the amount of
aPecie she will carry out, it is said, will not exceed from
?00,000 to 1,000,000 dollars. The bill-drawing banks,
tt, said, may reduce the premium on their bills, in
rtcase they will find a more ready sale. Buyers
er bills of private individuals at 10 for 60 days, than
1118 of t,sho banks at 93i for 90 days.
The 4—hiladelphia Herald and Sentinel of yesterday
says . ,
to ~,at the transactions in Stocks on Saturday were
a ~
very limited extent, but without material change in
Prices, United States Bank closed at 103-k- bid, 1031
asked ; Girard Bank, 39 bid, 391 asked. The Money
Market was tigbt, but not unusually so for S tturday,
and the day passed over without any serious difficulties.
Sties of United States Bank post-notes were made at
to 1, according to the amounts and the time they
had to run.
MORE SPECIE.—The New Orleans Picayune says,
" The new steam-boat Naomi, Captain Taylor, arrived
from St. Louis yesterday, has brought 100,000 dollars
in specie consigned to Mr. George 0. Hall, of this
eitY• She has also come freighted with a valuable
cargo of produce.
...•
otnee writing the above, 100,000 more of specie
have arrived from the same place by the steamer Prai-
rie, and consigned to the same individual."

PHILADELPHIA, SEPT. 30.
In Stocks there has not been any change in prices
iworthy of note. United States' Bank sold at 103 ;
Camden and Amboy Railroad, 110 f ; and the only sale
at the Second Board was 100 shares Vicksburg Bank
351 at 30 days.

FIRES.
(P,:om the IVeekly New Era, of October 1.)
Lie: ordinary quiet scene which Wall-street presents
1 on the Sabbath, was yesterday afternoon sadly inter-
rapted by the alarm of fire being given at about three
o'clock, in consequence of smoke issuing from the store
N.. 111, Front-street, adjoining the corner house in
.Vall-street. On breaking open the doors, the fire was
found raping violently within, having originated to all
aPpearance on the Ist floor, occupied by Messrs. Baker
and Itanmond, whence it had worked its way into the
upper stories, occupied by Mr. James Demarest (late
the
upper
and Clark), and in a short time the whole of
faiiiii4n,erior easin a state of ignition. Then came the
~ 4. g of the floors with a heavy crash, and all the ma-
ertats, or their unconsumed frameur
moments, were seen lying
,rning on the
ground floor, and tese
et-night sent forth lame volumes ofh flametill a late hour
The loss of Messrs. Baker and Hammond is estimated
~.," 010,000 dollars, and that of Mr. Demarest is between
1,
11and 3,000 dollars, the whole of which is covered
ZBY insurance. The cause of the accident is a mystery,
1 no -fire had been in the store for some time previous.
t, rle titan who was in the building was seriously injured
Y the bursting of a pipe of rum.
-0,,,Pn Monday morning last, at about half-past 10
fr
6"°cit, the powder mills belonging to Messrs. Foot and
weillet,t, standing about two miles west of this village,
ie °town up. There were three distinct explosions.
'atl•ntervids of 20 or 30 seconds. The first was the
r.e43'..!eder mill, which was a short time before put in ope-
.l);l(''‘i ; and the workmen had left but about five minutes
L'Vinus, and who were at the time working in the corn-
' :i-41.1!'ill• about five rods distant, and which blew up
' :il. "In 20 seconds, giving the men barely time to leave
"mill, and throw themselves into the bush within 20
ieet of it ,
s) et • And, strange as it may appear, they escaped
fingutl37 injured, one without a mark of injury except
a iltiii'l ening blackened by the powder, the other received
h. et of wood on his breast. They had scarcely rose
Dm their hiding place than the packing
-house, which
ea a
- •
eunned 400 or 500 barrels of powder, exploded,
Prostrating them again, and leaving not a vestige to
marvk the spot on which it stood. The ground for se-
deral feet around was swept clean of everything. A
wweiling-house standing near it was unroofed, two sides
plear,,ell.lown in, and not even a joist left standing. The
tennis- of the standing walls were shaken from them,
the
h Partitions broken to pieces, feather beds were
hi su,k,lll4' and not a person, of the six or seven in the '
° "e' injured.— Westfield (Massachussetts) Spectator.

AMERIt;"

ARRIVAL OF THE BRITISH QUEEN.
By the arrival of the British Queen yesterday at
Portsmouth, in 13 days and 22 hours from New
York, we have received files of American Papers
of the Ist inst. inclusive. The British Queen
brings specie and bills to the amount of about a
million sterling, the hard cash being variously esti-
mated at [from 700,000 to 800,000 dollars, and
seventy-three passengers. The crops of all kinds
were abundant in every part of the United States.
There is very little political news in the American
Papers, but they abound in intelligence of a mis-
cellaneous character. The following extracts in-
clude all the news in the New York Papers since
the date of the last arrivals
(From the New York Courier and Inquirer.)
MONEY MARKET, OCT. 1.

1 We lament that nn the departure of a steam-ship
for Europe, it is not in our power to announce any im-
provement in the embarrassed state of the money-
market, and the only novel occurrence connected with
it, since the departure of the Great Western, is the
determir,ation to which some of our city banks have
tome to furnish bills on London, but we fear the rate
at which they are willing to draw is too high to prevent
the shipment of specie, the object, we presume, they
lave in view. We certainly live in strange times, and
net the least strange is it, that notwithstanding the se-
"ere pressure we have experienced for this year or two
Past, the consumption of foreign goods in this country
has, continued so large as to more than absorb our
exports ; at least, judging from the rates of ex-
thange this would seem to be the case. The rise
of the rate of interest in England and here has be-
sides added an additional inducement to ship specie ;
and to prevent it we are convinced the rate of ex-
change on London must be at least two per cent. below
the actual par. An individual now drawing on Eng-
land at 60 days' sight at par, and shipping specie with
the proceeds of his draughts to meet them, would gain
60 days' interest, as the specie would of course be cash
on arrival, and his draughts have 60 days to run after
presentation ; but individuals drawing here for par and
at 90 days' sight on a credit, as we are told the banks
do, will gain the interest of 90 days at New York, and
that at the present price paid here for the use of money
is Tack trifle, as in the very worst event, that of the rate
Of exchange not falling as the cotton crop goes forward,
kt!ill they-have to ship specie to meet their draughts, it
will not be necessary to do it till 90 days after they have
drawn. We wish to call the attention of the drawing-
banks to this fact, who, if they do not lower the rate
they are asking for their bills, will fail in the object they
profess to have in view, and besides'appear to have
attempted to practice an extortion.
Were there a regular rate of exchange in London
On New York, and exchange transactions there with
this country placed on the same footing as they are
with other commercial countries, the difficulty alluded
to would be obviated, for the operation of drawing on
this country and shipping specie in time to meet the
draughts would then also be undertaken there, and
thus the specie would return as fast as it left us, and
probably faster, in consequence of the higher price paid
here for the use of money. Can any one assign a reason
why the English merchant should not draw on this
country for the goods he sends here, as well as the Ame-
rican merchant draw on England for the goods he sends
to that country ?