The Sun.
London, England, 1839-10-17 00:00:00

EVENING EDITION.

iONE Y MARKET and CITY NE W S.

(WEDNESDAY EVENING.)
i'OST.—The Stock Markets were in a depressed
state to-day, the precise cause of which is not very easy
• (,f explanation. The unsettled appeamnce of things in
ite East—the gloomy accounts from the United States
—the partial want of money—and circumstances con-
: minted with the account, which closed yesterday, were
severally assigned ; but we rather think the loan Just
negociated with Mr. Jaudon, for the use of the Phila-
i delphm Bank, has engaged more attention, and that
sales of English Stock to some extent may have been
made by capitalists for the purpose of going into it. The
demand for this interest seems, in tact, to be much
greater than could have been reasonably expected.
The quotation for the OA Stock of the said }link was
iigain rather higher at New York on the departure of
t..e British Queen on the Ist instant. It had advanced
to 1034 to 7 ; but that there would be a material re-
action on the arrival out of the Liverpool steamer,
• about a week after, is more than likely. The banks
were, in the meanwhile, holding fast, one and all, by
their recent policy. No discounts worth naming were
procurable on any terms, so that the mercantile inte-
rest were distressed beyond all precedent for the want
of accommodation. Two or three failures had occurred
..inong the foreign residents, while more serious ones
-vere expected. The French and Belgian agency esta-
';iisliments seem, thus far, to have been the principal
,tfaulters. The British Queen brings specie to the
:,mount of about 150,000/. sterling, of which 100,000/.

is in sovereigns, and the remainder in dollars.

remittance is distributed among the various houses
• whose affairs are in some way mixed up with those of
the United States Bank, and others, but we un-
derstand none of it goes d.rectly into the hands of
Mr. Jaudon. If such be the case, it may be in-
ierred that the President of the Institution (Mr.
Dunlop) must have bad a presentiment of the storm
bat was gathering in Europe, and that he saw a strong
❑ecesssity for guarding against all contingencies.
%lessrs. Baring, Brothers, and Co., and Messrs.
• :.seph Denison and Co., are, we believe, among the
tel consignees of this further supply of the precious
• antals. Some important sales of the stock of the
•;tilted States Bank have been inaee here during the
.ast f..w days at about 201. per share. More has been
‘lone in them, indeed, than we should have thought
-.,11 practicable in the present condition of the Money
\l.arket. A failure in the silk trade was mentioned to '
us in a confidential way on Saturday, but we abstained
from alluding to the matter at the time, as a hope
v.as expressed that an arrangement might pro-
bably be come to that would render any disclosure
needless. There appears, however, to be difficnities
it the way of an accommodation which are not pro-
li•wly to be overcome. The liabilities of the party are
of soine;extent, and, from the healthy state in which the
silk trade was known to be, generally speaking, it is not
impossible that this case of embarrassment may have
had its effect on the Stock and Money Markets. The
latter, owing to the di pressing influences to which we
adverted a few days since, is aot likely to be relieved at
present. Indeed, circumstanced as the country now is,
as the regulator of the monetary affairs of the whole
world, we do not think the commercial houses can very
well look for any relaxation in the rate of interest for
some time to come. With all these elements of derange-
ment in operation, it is, perhaps, rather to be wondered
that the depreciation in the public funds should have
proved so limited as it has. Consols left off at 901 to
for Money, and 90-i to 1 for Account. Exchequer
Bills were quoted 3 to 1 dis., and Bank Stock 1791
t; 80.

TlMES.—Considerable activity has been displayed
to-day in the Stock-market generally, and the transac-
tions have been on an extensive scale, more especially
in the English house. Some large amounts of money-
stock in Consols were pressed upon the market, and led
to a decline in the quotations, which at the close were
901- for Money, and for Account 90;, to 90j. Bank
Stock was 179 to 180, India Stcok, 245 to 247. Ex-
chequer Bills, 3s. to Is. discount.

Money was easier in the house to-day. The diffi-
culties in the shape of money accommodation, taking in
took and carrying over accounts, having been in a
great measure arranged yesterday, the settlement of
the account in the Foreign Market was not attended
with any circumstances of peculiar interest, although
the account itself was of greater extent than usual.
The business of Spanish Securities still continues to be
of a heavy character, and a slight improvement in prices
may be noted.