The Sun.
London, England, 1839-10-01 00:00:00

MONEY MARKET and CITY NEWS.

(MONDAY EVENING.)
POST.—The demand for money has been much less
sensibly felt to-day than it was last week. The price of
Consnls for the next Account-day advanced in the
morning from 90a to 90t, but at the termination of
business the former were again the nearest quotations.
For the transfer to-morrow the price receded this after-
noon from to 90i. The continuation from the Oc-
tober to the November account has not diminished—it
is still from I- to 9-16 per cent. For the opening Re-
duced Annuities have been sold to-day at 91. The
market for Exchequer Bills has been still further de-
pressed. Sales have been made at a discount of 6s.
per 100!. bill. India Bonds, after having been reduced
to 45., rallied to 2s. discount. India Stock has been in
demand today at an improvement from 248 to 2481 F.
The settlement of the half- monthly account in ,the
Foreign Stock Market has passed off with much more
ease than had been anticipated. We did not hear of
any defaulters, although the differences in Spanish and
Portuguese Stocks were especially heavy. Money,
too, was less scarce than had been expected. Spanish
Stock fluctuated between 091 and 31, the Deferred
between 141 and 14i-, the Passive between 7i and 8 ;
the Portuguese Five per Cents. between 35 and 35k,
and the Three per Cents. between 23 and 23 The
market for the bonds just quoted left off rather under
the highest prices of the day. There were some heavy
sales of Spanish Stock by one of the menibcrs of the,
market in the afternoon, which reduced the continuation
to the middle of next month to about i per cent.
Mexican Stock advanced to 31i 32 for Account,- 'lra-
nian 76, and Cuba Bonds to 83.

zt..
The Share Market has remained in a very-heavy state
to-day. Great Western Railway rallied to- 4 discount
in the morning, but left off at 4 discount.
.The London
and Brighton Shares, upon which 301. have now been
paid, have declined to 131 discount. South-Eastern
and Dover at 121 discount, and Eastern Counties
Railway to 101- discount per share.

TIMES.—Among the consequences of the pressure
for money to-day is to be noted the fall of Exchequer
hills to such a discount as makes it worth while. topur-
chase them for payment into the customs and excise for
duties, by which the revenue may suffer materially if
some step is not taken to counteract it. While money
maintains its present value, nothing but an advance in
the rate of interest on Exchequer bills is likely to an-
swer the purpose. So far from any symptoms of
alleviation in the pressure, the prevalent opinion
is that it is more likely to increase than other-
wise. The holders consequently look with some con-
fidence for a notice from the Treasury to that
effect. Of all the classes of the monied inte-
rest they complain the most, as they adopted
these securities for temporary investment, under the
faith that they would receive the continued support
from the Bank and the Government which was given
to them up to the end of last year, and indeed in all
former periods. They alike took for granted that the
Bank would never refuse advances upon them in time
of need, and that the Government would keep the rate
of interest something near to the current value of money.
They are now alike deserted by both, after keeping up
the delusion till all the issues of the year from the Ex-
chequer bad been disposed of. They may be held still
by parties who have absolute payments to make, and
have no other safe alternative, but as an instrument of
banking, in which they always maintained the first rank
for providing new funds at pleasure, they have become
nearly useless.

AGFICULTURAL MEETINGS.—The country
gentlemen continue their public dinners, which of
course in most instances arc media for the outpouring
not only of wine, but of that wisdom which consists
in clap-trap speeches in support of the Corn-laws. On
Friday evening, amongst other places wherein these
jubilees of " the predominant interest," and their sim-
ple and tricked tenants, took place, were Shaftesbury
and Cambridge, Wokingham, in the county of Berks,
and Bury St. Edmonds, in Suffolk. The meetings,
though not of precisely the same sort, have all pretty
much the same end in view, that end being the advan-
tage of a few, and the injury of the many.