The Sun.
London, England, 1839-10-23 00:00:00

MONEY MARKET and CITY NEWS.

(TUESDAY EVENING.)
t~HRONICLE.—The English sme'lt. t.,larket has
been firm throughout the x tit-Atei• part of the day, and
business was done in Cobs°ls at 91 for the account, but
the closing prioos were the same as yesterday. Money
is easy nrt the Stock Exchange, and not altogethtq•
tight out of doors. The house of MCOV,S. l 411.SVAlild
has received a remittance from the CfAmtinent of 75,000
sovereigns, and more specie is expected from the
United States and south America. These remit-
tances will find their way to the Bank of Engl#l4, and
help in filling up the drain ; but we hear they haute drawn
to the extent of 1,500,000/. on thcie treait account with
the Bank of Paris. The Continental merchants are watch-
ing narrowly the operations of the Bank, and have
suspended orders for British manufactures to a lat-ge ex-
tent, in the expectation that their contraction of the
circulation must force down prices. The Exchanges.
as quoted to day, do not tend to alter their opinions,
as they are all flatter than last post, and Paris Isallier
lower. While we remain in this positions and our ex-
port trade continues inactive, we cannot look for relief
from the present gloomy aspect of commercial affairs.
We are not insensible to the faults which have been
committed by the Bank Directors, nor to the privi-
leges and profits which they enjoy on condition of per-
forming certain obligations to the people of this
country, and it is well known that they have not always
fulfilled their part of the agreement ; but an exposition
of their mistakes does not meet the exigency of the
present times. It may be useful to act as a check for
the future ; but, under existing circumstances, they are
compelled of necessity to curtail the circulation.

TIMES.—By the advices from Hamburg the price
of gold is 331 per mark, which at the English Mint
price of 3/. 17s. 101 d the ounce fur standard gold gives
an exchange of 13. 8, and the exchange at Hamburg
on London at short being 13. 51, it follows that gold
is 1.16 per cent dearer at Hamburg than in London.
The premium on gold at Paris is 8 per mille,
which, at the English Mint price of 3/. 17s. 101 d. the
ounce for standard gold, gives an exchange of 25.35,
and the exchange at Paris on London at short being
25.321, it follows that gold is 0.10 per cent. dearer at
Paris than in London.
A better tone has prevailed in the English stock-
market than for some dabs past, and Consols improved,
and stood for some time at 901 to -13- for Money, and
90i to 1 fir Account, but they finally closed at the last
quotations of yesterday-90t to 1 for Money, and 904
to for Account. Bank Stock, 17 to 91- ; India
Stock, 245 to 7 ; Exchequer bills, 3s. to ls. discount.
The foreign market has been inactive.
Railway shares remain dull, and with little variation.
In the quotations of the foreign exchanges this after-
noon, that on Hamburg is lower than last post ; on
Paris and Amsterdam the rate is unchanged.

By the usual official return published by the Customs,
the exportation of the precious metals from the port of
London to foreign and colonial ports for the week end-
ing the 17th of October is as under :

Ounces.
Gold bars, Hamburg
Silver coin, ditto 140,429
Rotterdam
New Orleans
Silver bars, Calcutta 7,826

HERALD.—The calm to which we referred yes-
terday, as prevailing in the Discount and Stock Ex-
change Markets, has continued, and our subjoined quo-
tations will show that it gave something of a tone
during the morning to transactions in both departments
of the House.

The Market for the Continental Exchanges, how-
ever, has been very gloomy this afternoon, and bills were
scarce until the very close of business hours ; even then
the exchange on Paris scarcely advanced upon the re-
duced rate.

There has been more business upon the English and
Foreign Stock Markets to-day, but, though specuLtion
has been carried on to a greater extent, there is nothing
in the present aspect of either market to induce out-
door jobbers to believe that. the calm to which we have
referred will permanently prevail.

POST.—We mentioned yesterday that the Bank of
France had ceased, for the moment, to purchase gold.
The fact is important, and we are accordingly glad to
be able to confirm it. The Bank of England is the
only considerable purchaser in this metropolis. The
price given is 775. 9d. per ounce. The continental ex-
changes may be considered about the same as on
Friday last—that is to say flat. There was, however,
a comparatively ample supply of bills towards the termi-
nation of business, Messrs. Rothschild and Co, having
become sellers. Paris (three months) 25 60 to 62k,
Hamburg 13 10 to 1, Amsterdam 12 4 to I, Frankfort
1.504, aril Antwerp 12 3-4-. It is calculated that the
Liverpool steamer will reach England from New York
about the 3d of November. In the meanwhile patties
are beginning already to speculate rather freely upon
the nature of the intelligence that will probably be re-
ceived by her. The general idea is that the managers
of the United States Bank will have made every pos-
sible exertion to put their agent, Mr. Jaudon, i❑ funds
wherewith to pay the bills at maturity, protests for
the non-appearance of which were sent out by the
Liverpool.