The Sun.
London, England, 1839-11-28 00:00:00

MONEY MARKET and CITY NEWS.

(WEDNESDAY EVENING.)
TIMES.—It has been mentioned to-day in the city,
'that certain wealthy individuals interested in the
" United State? Bank," are about to despatch a con-
fidential agent to Philadelphia to make inquiries on the
spot into the actual state of its effairs. There can be no
doubt of the prudence of this step, on which the smaller
creditors will have great reason to congratulate them-
selves, as affording them a degree of protection • in the
liquidation of their claims which they could hardly hope
to attain in any other manner, for it is greatly to be
feared that as soon as the matter is ascertained to be
tiesperae, there will be a general scramble for the
wreck of the property,,in which the English holders,
unless they adopt a very strong end decisive course of
action, must expect to fare the uor6t. There is
•unfortunately sonic collision of interests in the
-case( rat; those. who have lent money to the
bank, represented by post-notes, bonds, or hills of
•exchange, will expect to be paid before the
.shareholders, who represent to the extent of their shares
the bank itself. Theirs is the capital of the bank, for
which they are liable to the creditors generally, and
perhaps it may turn out fortunate for them in the end
that such is the extent of their liability. ,
With respect to the floating claims at present mixed
up in the London circulation, there are very good
opinions to be met with. in the City as to their ulti-
mate safety, and there. can be no doubt that a very
strong and united effort will be made to secure them:
For ourselves, we.have no very sanguine expectation in
this matter.
The settlement of the ACeount in the English Stock
Market took place to-day. The speculators for tiles
rise during the Aecount now ended .took considerable
quantities of Stock, and it turned out therefore what.
is called a " " Account. Money was in consi-
derable demand, and froth 6 to 6i per cent. was paid
for it upon . Consols ; otherwise the settlement was
not marked by any particular feature;. for the fluc-
tuations since the last settlement on the 15th of Ode-
her have not been of much moment. On.the close of
the last account Consols stood at 90i to for money,
and 904 buyers for account. This morning they opened
at precisely the same quotations, with at the close this
evening, a slight improvement, in the money prices to
90i to 4, the prices for account being 913 to The
variations during the account- have ranged between 90,
which was about the lowest money price, and 90k, the
highest. The rate of continuation on the former set-
et lai
snegs- daasy
nun
ip
co
hn
as Consolsper
cweanst
wl -alsogpive
er nTt .1,1
ea nr
ad t
ein t
to-clay
for the January account now opened—that is, for about
.50 days—is equal to 4 per cent. Exchequer Bills,
which form another criterion Of the state of the Money
Market, have declined rather c'onsiderably. since the
October settlement ; they were then 2s. discount at par,
but left off this evening no better than 7s. to ss. dis-
count. Bank Stock was 178 to 9 ; India Stock,
251 to 2.

POST.—A demand for money at the Stock Ex-
change has caused great depres-ion in the value of
almost every kind- of public security, this being the
account-day for the English Market. Consols left off
at 90} to 1 for Money, and 91/ for the 16th of Ja-
nuary. Exchequer Bills were done at 7s. to ss. dis.,
India Bonds at Bs. to 6s. dis., and Bank Stock at
178 to
The Spanish Active Bonds were done during the day
as low as 23k, the news from Madrid being such as to
excite in the minds of the bona fide holders the greatest
apprehensions lest foul play should be again going on in
the financial department of the Queen's Government ;
and whether or not they are justified in entertaining such
an apprehension is to be determined, not alone by the
facts that have come to light on former occasions, but-
by the intelligence which has been only this day re-
ceived from different quarters.

SUN.—The official announcement of the Hop duty for
the present year has much disappointed the speculators ;
it is much less than was anticipated. The old duty is only
eedwlaltselly to reach 210,000/.
,0191. 3s. ld. The
The loss in the Borough will be heavy, and Hops are
2o
10(15 d'su3t7yl.h rs 8
been 7d . and
freely
on the rise.
The accounts from the manufacturing districts re-
bthaeckn
ceived to-day are not favourblF. All descriptions of
manufactured goods were again in heavy demand.
The Consol Account was adjusted to-day without
much difficulty. Money was not so much in demand as
had been expected.
a Consols for January left off at
91?-, 1 ; for Money at 90:1 t, ; Exchequer Bills at se.
discount ; and India Bonds at an improvement from Ils.
to Gs. discount.. India Stock has risen to 252.
All the foreign Bonds left off heavily this afternoon.
Spanish at, 231 to 24 ;
.Portuguese at 314 i ; Colom-
bian at 29.1 i ; and Mextcan at 291 1, The next set-
' tlement, it is expected, will be a heavy one. Shares
are also on the decline. Great Western Railway down
to 101 discount ; Brighton to 15f discount ; London
and Birmingham to 50 premium ; North Midland to
1 84 discount; and York and North Midland to 7 prem.

Mr. Benjamin Wood has accepted an invitation
to come forward for the vacancy in the representation of
appointment of Mr. Whittle
Commissionership. He will
potlpli'coeert of the Liberal interest, and
hSao
Harveyvuet h
twi l
ea
to
ouk
n, thedcai
vui
Citysd ee dd 1 )s
Police
may be considered sure of his election, both from the
fact of his sharing the same principles with the majority
of his future constituents, and his long connexion with
the borough. On more than one occasion Mr. Wood
has postponed his very fair and legitimate claims to the
Li-
beral interest. His 07onent tvill he Mr. John Wo!tcr,
dividing, the ree.:Lta,t,:o:,,, rTnalt,hrel,r.:l7 damage, by

"HOTS AT NEW

COMMITTAL OF ZEPHANIAH WILLIAMS

FOR HIGH TREASON,

NEWPORT, TUESDAY NlGHT.—After a lengthened
investigation, Zephaniah Williams, one of the most
influential leaders of the'Chartists, has been fully com-
mitted on a charge of high treason and sedition. The
evidence in his case tends to show strongly how much
the wretched men were duped and deluded by their
leaders. If the witnesses in the subjoined evidence
may be credited (and they nearly all agree in this par-
tieular), there was scarcely one of them who was aware
of the purpose for which they were to assemble until
the were brought, as it were, to the very verge of de-
struction. They were told—both men and women—
that they (the leaders) would provide victuals for the
wives and families till the men - returned to their
homes—that gentlemen bad subscribed to find " soup"
for the poor. They were told, too that if they
did not take out cards, they would be injured ;
and Williams appears to have obtained a con-
siderable sum by this artful trick. The case
against Williams appears to be a strong one.
Amongst other things sworn to is the fact of his em-
ploying himself in the manufacturing. of cartridges, and
a large canvas bag of 'them was produced which was
taken from the dead body nf.une of the Chartists. Some
of them were rolled up in portions of the Western Vin-
dicator, a portion of an address to the " Men and Wo-
men of the ;West of England and South Wales,"
In reading the subjoined evidence, it must be borne
in mind that nearly every witness had been a Chartist,
and it was very evident they were much more willing to
favour the prisoner than to inculpate him.
I have stated, at the commencement and at the close
of my report of the examination, the appearance the
prisoner presented, and it will be observed that some of
the witnesses could scarcely recognise him, so much was
he altered in appearance. The mental torture he has
endured must have been dreadful. He sat at the bar
with his head bent nearly to his knees, and every now
and then breathing a deep sigh, or murmuring forth a
suppressed groan.
The following notice has just been issued by the
Magistrates ; and other precautionary mea,ures have
been taken to-day, to prevent all risk of another out-
break !

" NOTICE.— All publicans, spirit-dealers, and beer-
sellers are to close their houses this evening at eight
o'clock, and to continue to do so until further notice.
" By order of the Magistrates.
" Newport, Nov. 26, 1839."