The Sun.
London, England, 1839-01-02 00:00:00

MONEY AND CITY NEWS.

(FROM THE MORNING PAPERS OT THIS DAY.
TIMES.—By the advices from Hamburgh, the price of
gold is 4341 per mark, which, at the English Miut price of
31. 17s. 10Id. the ounce for standard gold, gives an exchange
of 13. 9.i., and the exchange at Hamburgh on London at
short being 13.6., it follows that gold is 1.74 per cont. dearer
at Hamburgh than in London.
The premium on gold at Paris is 8 per 'lac, which, at the
English Mint price of 31. 17s. lOid. the ounce for standard
gold, gives an exchange of 25. 35., and the exchange at Paris
on London at short bing 25. 25, it follows that gold is 0.40
per cent. dearer at Paris than in London.

The course of exchange at New York on London is 110 per
cent., and the par of exchange between England and America
being 109 23-40 per cent., it follows that the exchange is
0.43 per cent. in favour of England.
By the Reindeer, arrived at Liverpool from Monte Video,
accounts of the 17th of October have been received. It was
understood that negotiations were on foot for bringing to an
end the civil war which had so long harasied that province,
and with a tolerable prospect of success. The next packet
from Buenos Ayres, it was hoped, would communicate that
desirable result. The exchange was 44d.

HE RAL D.—The value of money for commercial pur-
poses has not advanced, though it has been rather more in
request, as is usual at the current season, but there has Leen
no disposition manifested to enter into large transactions in
either the British or foreign public securities. From the
former the public are deterred by the political aspects of the
country and her dependencies in North America and India,
and from the anticipation that the revenue will be very short of
the public exigencies of the State; whilst there is.. nothing
from the positio❑ of the Peninsular States, or those of the
South American Republics, to encourage dealings in their
securities. In fact, the details of the anarchised state of
Spain, whether they regard either the position of the Carlist
or Christino party, as continually shown in this journal, afford
sufficient evidence of the folly of vesting property in the me-
retricious securities of any country distracted by civil war.
The exchanges on the continent are steady at the quotations
of the last post day, but with little business doing, and the
presence of more money than paper. On Paris they are
quoted at 25f 471 c a 25f 55c ; on Amsterdam at 12 3 a 12
34; on Rotterdam at 12 34 a 12 3} ; on Frankfort at 1501 a
151 ; and on Hamburg at 13 9.
There has been but little business in the British Funds to-
day ; and the market may be termed more steady than active;
in fact the public and the jobbers are at present very shy of
any speculation.
The Foreign Market continues in an inactive state, and the
quotations have, in most instances, slightly declined.
Shares have generally maintained a small advance on the
few transactions which have occurred. Great Western Rail-
way are 131 pm., Brighton are 31 a 3 dis., and Blackwall 1
dis. Birmingham are 79} aBO pm. ; Greenwich are 34 pm.;
Croydon are 6 dis., and the ditto Scrip la a 4 dis. North
Midland are 1 pm., and General Steam Navigation Shares
are 94 pm.
The great increase in the importation of cotton to this
country during the past year, from all parts, especially from
the United States, has given an interest to the returns of the
imports and exports of that staple for the past year, arising
equally out of the great speculation which has been carried on
in that description of commerce, from its increased consump-
tion here, and the anti-banking principles which have been
adopted by the chief basking institutions of the United States
to pros( ote the exportation of that commodity, with the view
of graduating the monetary exchanges between the leading
ports of Europe and those of the western shores on the other
side of the Atlantic. It appears that the total imports into
Great Britain during the year 1838 were—to Liverpool,
1,328,647 bags; to London, 43,570 bags; and to Scotland,
56,560 bags, being altogether an import of 1,428,777 bags ;
and the stock of 1837, on the 31st of December, being 259,340
bags, creates a grand total for 1838 of 1,688,117 bags.
During the last year the exports of cotton from London
were 40,900 bags; from Liverpool, 60,500 bags; the Clyde
970 bags. and burnt 6,200 bags, showing a total of 1..579,547
bags. The present total stock amounts to 321,090 bags,
which leaves the deliveries for home consumption at 1,258,457
bags, or about 94,201 bags weekly. This is an increase of
about 13 per cent. on the consumption of 1837, and shows
also that a great deal has been brought here upon speculation,
the prosperity of which will undoubtedly be governed by the
forthcoming operations of the great banking interests of the
United States, who have now linked themselves with the pro-
ducing parties of the Union, or, in other terms, have added to
their monetary functions a power: ul mercantile character, which
time alone will prove to be salutary, or the contrary, to com-
merce, on either side of the Atlantic. The imports into France
from the United States have also been rather on the increase,
but we have no accredited data to go upon with respect to the
amount at present. At Havre we find, however, that the
prices have lately declined as well as the course of speculation.
Before concluding these remarks we may observe that if the
banking party in the United States pursue the genie measures
to force exportations of cotton from thence during this year
to Europe, and Great Britain especially, with an average crop,
it is considered that no dearth of supply will take place in that
staple.
The Directors of the Great Western Steam Navigation
Company have issued a notice that, in consequence of the state
of the tides, the Great Western cannot be hauled into Peet-
broke Dock to refit at present, which will cause her to be de-
tained beyond the time appointed for her sailing a few days,
but certainly not beyond 12 days.

POST.—The immense dealings in cotton at Liverpool
within the last two months, and the statements which have
gone forth to the public in the course of this period regarding
the supply and consumption, have rendered it important that
we should know, from something like authentic data, what
has been done in the articles in the different markets of the
United Kingdom during the year just concluded in comparison
with the transactions of the year preceding. These we are
able to collect in sufficient detail from a table prepared by
the leading brokers at Liverpool. The document is made
up to the 31st of December, and the results are as
follow :—The increase in the importations into the king-
dom in 1838 amounts to 254,178 bales, of which 280,455
bales were from America, 20,870 from the Brazils, and 1,495
from the West Indies, &c., there being a decrease from India of
37,583 bales, and from Egypt of 10,949 bales. The stock
exceeds that of last year by 61,500 bales, the increase being of
American 120,800 and of Brazil 950 bales, whilst there is a
decrease in West India, ac., of 5 000, in Egyptian 11,600,
and in East India of 42,500 bales. The apparent consumption, or
out-going, is at the rate of 22,800 bales per week, viz , of
Amerigan 17,300 bales, Brazil 2,500, East India 1,700, Egyp-
tian 00, and West India, &c., 700 bales. Last year it wrs
20,500 bales per week, namely, of American 15,250, Brazil
2,400, East India 1,550, and other descriptions 1,200 bales;
the general increase being at the rate of about 2,300 bales per
week.
jt wntild appear from this account, the accuracy of which
may, we suppom be depended on, that the increase in the
supply of last year has exceeded the increase in the out-
goings by something more than donble the quantity. TI:.
quantities applicable to the last three years have been in the
followiug proportions, viz. : —ln 1836, 1,200,251 balsas; 1837,
1,174,133 bales ; aud 1838, 1,428,311 bales.
It will be seen by these fiaurni whether or not there has been
any thing in the actual state of the reat*ets to justify the gam-
bling in the commodity at Liverpool to which we lime from time
to time adverted. The very reverse of this is shown, and wc,
auslitet might affirm almost with certainty, that the sup-
plies of the year just commenced will, when the time comes
round for determiesng the point, present an increase in at
least an equal ratio with that which has betm thus far expe-
rienced by the trade.
The Paris Papers received this morning, Inform us that the
speculation which haa been for some time in progress in the great
cotton mart of France had ruaterielly subsided towards the close
of the past week. The letters of kliattirday'a date from Havre,
in making this announcement, add, that the comt-dmiien of the
market was so completely changed that the parties engagp4
in the traffic had all at once become paralysed as it were, and
that there was no where to be seen anything like the eagerness
to purchwe which was witnessed among them only a few days
since. The publication of the returns from which we have
furnished the above aLatrect will, we should hope, have tended
to produce a like effect in i.4mshire, where a corrective of
some kind is so much more urgently 0010 far.

CHRONICLE —ln our City article on Saturday It was
stated that " the apprehensions that a critical state of afl,tirs
ig at hand (in France) have been much increased by the fact,
I`,l:at Laflitte's New Joint-stock Bank has been obliged to ap-
ply for saccour to the Rank of France, to obtain a loan of
many millions of francs, es the only means of preventing a
stoppage of payments ;" and that " an immediate crisis WES
expected, in consequence of the stoppage of the 13ank of Bel-
gium." In commenting upon this article, Galignadi'; jlfw-
senger makes the following statement :
" The serious character of this article demands that we
should give it insertion, but we cannot do so without adding
that it contains gross exaggeration and misrepresentations re,
specting the establishment alluded to. Some alarm ocemred
on the first arrival of the intelligence of the failure of the
Bank of Belgium, but it did not last longer than twenty-four
hours. As for the general allusions in the article to the pre-
tended crisis, financial and even political, said to be approach-
ing, we may safely leave them to be pronounced upon by every
reader really acquainted with the state of this country.--gprroa
OF MICSSENOEIt."