The Sun.
London, England, 1839-12-16 00:00:00

T 1li4". SUN, LONDON, MON DA Y, DECEMBER 16 i:-4:-i9.

MONEY MARE ET and CITY NEWS

(SATUP.DAY EVENING.)
TIMES.—By the private accounts from Paris it
appears that very few of the bills drawn on be-
half of the Bank of England have actually passed to
the Bank of France to be discounted, ror which in the
first instance arrangements bad been made and security
offered. Owing to the great abundance of money in
Paris, private capitalists were usually to be found who
were willing to discount them at a lower rate than 4
per cent., which is the rate fixed by the Bank of France,
so that out of the whole drawn, which has been about
.2.,000,000/., only aboutl6ooool. has been taken by the
latter. This both lessens the obligation which would
have been incurred had the intended accommodation
been carried out to the full extent, and saves a part of
the cost of the experiment, which must, however, under
any circumstances, prove a very expensive one.

POST.—The contract concluded between Mr.
Jaudon and Messrs. Rothschild for the 900,0001. loan
has lately produced an improvement in the value of
most descriptions of American State Stocks in this
market, and, with it, a correspondirg increase of busi-
ness. Sales to the amount of 20,000 dollars were made
to-day of Ohio Stock, at 89, which shows an advance of
91. on the minimum price quoted for it a short time back.
New York Stock in considerable sums was done at 85,
while Indiana was selling at 691 to 70. Illinois was in
demand at 80, without the dividend, but the holders re-
fused that price. Maryland sterling is quoted 75i
without the dividend, which is equal to 78 ; and Mis 7
sissippi 80. In Baring and Co.'s Louisiana Stockthere
was a good deal doing at 89, A small amount of
United States Bank Stock was sold at 19/. per share,
but 250 certificates were placed, we understand, at 18/.
10s. The debentures of the United States Bank, issued
a few weeks since by Mr. Jaudon for 800,000/, cora-
mand a premium of 11.
Accounts of a very agreeable character have been
received from the Brazilian mining establishment. A
considerable improvement has taken piacc in the gold
returns, and the chief Commissioner writes in cheering
terms as to the probability of the duty being reduced
from 20 to 10 per cent., the effect of which has been to
raise the value of the shares from 15/. to 201. or 21/.
per share. By the Report ;for the 21 days ending Oc•
tober Bth, the concluding week was, it seems, very pro-
lific, the produce for six days only being nearly 1001bs,
of gold. The particulars are as 'follow :
September 14 ...lbs4 11 4 September 27 ...lbs6 11 10
... 211 9,1 - 28 ... 7 9 5
17 ... 22 2 41 30 ... 3 0 1
18 ... 9 4 81 October I ... 2 0 9
19 ... 1 1 18 2 ... 22 7
20 ... 3 0 7 3 ... 11 10 2
21 ... 6 11 19 4 ... 21 0 7
23 2 9 12 5 ... 27 2 13
24 ... 0 9 4 7 ... 1 2 9
25 ... 6 11 8 8 ... 9 9 5
26 ... 1 1 13
Making in the 21 days lbs. 176 3 13
The information from the United Mexican Mine is
in some respects not so favourable as the preceding.
Still a further remittance of 20,000 dollars has arrived
by the packet, and fallings off in some of the pits were
compensated for by more encouraging appearances in
others.

From the Candonga (gold) Mine the advices are
quite disheartening. For nine days together the re-
turns showed an amount of no more than about one
ounce per day, and the prospects for the future were
deemed an but flattering.

HERALD.—The publication of the quarterly ave-
rage of the weekly liabilities and assets of the Bank of
England, from the 20th of October to the 10th of De-
cember, both inclusive, has created a little more interest
than usual to-day, because by the subjoined comparison
with the return for November, and a reference to the
items of which the present return is made up, it will.
be seen that the Bank is really, as we stated a day or
two past, in rather a better poi;ition than it has been for
some months.

It appears that the Bank direction have reduced their
circulation to 16,732,000/., which shows a decrease on
the monthly return of 503,000/. ; the deposits also
amount only to 5,952,0001., being less by the sum of
180,0001. Tile securities have been run off during the
month to the extent of 1,109,000/., but the average
amount of bullion, as shown on the 12th of Novem-
ber, has been increased in the sum of 342,000/.
Tho amount of the " rest," or the surplus over the
liabilities of the Bank, appears to be 2,967,000/., which
is less than in November by 84,0001., though on the
year there is an increase of 400,0001. The amount of
bullion on the quarter gives an increase of 32,0001., but
on tha year, of course, it exhibits a falling-off of
6,475,000/. The circulation of the Bank on the year
has been reduced in the sum only of 1,737,000/. Alto-
gether there is much worthy of consideration arising out
of the present returns. First, it appears that the Bank
direction, not only during the past month, but for several
months previous, have been able to reduce their secu-
rities as well as their circulation, thus showing how
rigidly they must have curtailed their general busi-
ness, This, however, could not have been accom-
plished without gradually bringing the home trade
of the country to feel the pressure of that system
which always _jeopardises the Bank of England, but
.whi4h3is, fir* feft,„by the commercial community. The
Baak at Enzland; therefore, is at present cradled in
safety,'beetitis6 -speculation has been checked and the
manufacturing commerce of the country is at a very
low ebb.,
• By the official returns for the period between the sth
and 11th December, l p h inclusive, it appears that the
actual amount of silver exported in coin was 831,054 oz.
and in bars 12,274 oz.

This bas been settling-day in the Railway Share Mar-
ket, and the arrangement of the account has caused
rather more business. Great Western arc 91 dis. ; the
New ditto Shares arc .51 a 4i- dis. Blackwall are 2 dis, ;
Brighton are 1.51 dis. ; Birmingham are 50} prem., and
the Quarter Shares 16i prem. ; and South-western are
7s. 9d. dis. Provincial Bank of Ireland Shares are,
9 prem.

DUTCH AND GERMAN PAPERS.

BRUSSELS, DEC. 13.—The official part of the Mo-
nittur publishes to-day a Royal Ordinance,wilich in con-
formity with Article 16 of the treaty of London, of
April 19, 1839, orders that the sequestration of all pa-
trimonial property imposed in Belgium for political
causes shall cease, and consequently the possession of
the said property shall be immediately restored to the
owners.

The Chamber of Representatives in its sitting yes-
terday, having adopted the amount of the budget,
proceeded to the discussion of the law.
M. Wardenboselle said, " We shall be obliged,
Gentlemen, to vote the budget of Ways and Means,
and this, though the Ministry have lost our canfidence.
We have, however, two means of remedying this de-
plorable state of things at the vote ; to present an ad-
dress to the King, requesting him to dissolve the Cabi-
net, and appoint other Ministers ; or to vote their im-
peachment." The several articles of the budget were
agreed to, and the amount of 101,954,549 francs was
voted by a majority of 71 to 5.

COPENHAGEN,DEc. 6.—The Gazette of this day
contains a Royal Proclamation announcing the death of
the late King Frederick VI., and the accession of,his
Majesty Christian VIII.

A general mourning for six months is,ordered.. -
HANOVER, DEC. 6.—Positive information lass been
received from many corporations,- that in. case, the, As-
sembly of the Estates is not dissolved they will not
elect any deputies. This city is one that will not elect.
HAMBURG, DEC. 10.—So long as the navigation
to the city is interrupted, the steam-boats, with the
mails for England will put to sea for London Sunday
and Thursday mornings from Cuxhaven, after the ar-
rivals of the mails at that place.
AMSTERDAM, DEC. 13.—The last three numbers of
the Handelsblad contain three very long articles on the
intrigues of the Orangists in Belgium, deply regretting
their absurd attempts to reunite the two countries.
The firmness of our funds in the London market
has in some degree encouraged purchasers here, which,
together with some commissions for purchases on
German account raised the prices above the closing
prices of yesterday.
..
................... 1:(1,
Spanish Stock was firm, and several purchases were
made at rather higher prices. Andoin's, 27i 15-16,
Dutch Papers, Dec. 14.
BELGIAN li UNDS-.-BRUSSELS, DEC. 14.
Actual Debt, 2% per Cent. .. . .. ..... 63si
3 per Cent.......... 70%
Society of Commerce, 4%per Cent. ........ .... 114
LoanLof t oat hns
ooc hff icl
Thirtyd,i 'tsy L10833:1.,211:54i
op:
perf, CC4 eepn: ttr..
i.c....e..........
.........
ri2u
Bank of Belgium, 5 per Cent ..... .. ..... .....,... 74
National Society .
Exchange on London (short) ................ 12 --.
Dec. 14.
FUNDS.AMSTERDAM, DEC. 11,
Money. Bills.
524, 52,x
Ditto, ditto 5 per cent
Amon Syndic, 44 per cent '.Ysi 94,v
Commercial Company,
ActuaD;DUeßihrutC,l‘2BllspePr Capener Cent
Ditto, ditto, 3% per cent —
4!,0, per cent lO7 67%
Ditto (1832 and 1833) 5 per cent. ......
_1
Ditto 1837, 5 per cent. 93% ti. 4
Loan 1837, 5 per cunt.
Exchange on London One month 121132...i
' Two months ll 87%'
—Mach Papers, Dec. 13.
HAMBURG BORSEN HALLE, DEc. to.
Bills. Money.
Austrian 5 per Cents.
Bank shares
Ando-Russian Loan ~ 106% 106 S 4 Russian 5 per Cent. Ist series, Certificate
Inscription, Ist Series 102% io
Russian 5 per Cent. Hop and Co. 3d and 4th
Se, ies BS 97%
Ditto in Certificates
Dutch Actual Debt, 24 PC- Cent. slli 51 q
Litto a per Cent9i
Polish Bond: .
.......................................... 1:',9 CB
Ncw 1 icket ..
)55!,i
Anglo-Danish Loan, 3
per Cent 17(76:7( %
Noi wegian Loan, 1834, 4 per Cent... ICO% 100
Spanish, New 3 per Cents. 22
EXCHANGES ON LONDON.

DAMBUEG, DEC. 10._13. 6 i—Tsvo months 13. 4.
S•rocKnoLst, Ditc, a—Seventy-five days, U. 39.
kERLIN, DEC. 7.—Three months, 6. 2.34.
AUSTRIAN rulcus.-I'worA, DSC. 6
rive per Cents, I,,fetalliques ...... ......., ................ 107 N
Fear per ..... ......... ....... 1!,f4
Throe par Cc•nts. ........... ......... ... .
Bank Shares ... — ............................ ......... 1622
ZePsigg, Dee, D.,