The Sun.
London, England, 1839-11-07 00:00:00

MONEY 2tIARKET and CITY NEWS

(WEDNESDAi EVENING.)
CHRONICLE.—The re-discounting operations of
the Bank are beginning to be telt, and money is declared
scarce to-day at six per cent., both in the Stock Ex-
change and out of doors. It did not suit the purposes
of the Bank parlour to let money go below that rate,
and the expedient they had recourse to has thus in
so far answered their object ; not so much, however, we
hear, from the extent to which the actual business of re-
discounts has been carried, as from the effect with which
a knowledge of the proposal has been attended. On
former occasions, when the Bank parlour had recourse
to similar measures, great secrecy was observed, and the
business was gone into with the utmost quietness ; but
on the present occasion the announcement was made
openly, and it was evident that the Directors rather
wished to let their plan transpire. As to the extent of
the re-discounts which have been done by the brokers,
various sums are given ; and, according to some parties,
the amount would be more than 300,0001. ; but we
doubt whether that sum has been actually taken out of
circulation, although the notice, of itself, may have been
the cause of keeping much more than that unemployed.

HERALD.—Very little jobbing has been carried
on to-day in the British Funds, int,rely for speculation
sake. A considerable amount of Money Stock was
brought on to the market, and at one period this dis-
position to transfer Stock for money threw a damp upon
it, from which it may be said barely to have recovered
at the usual hour of closing business. Consols have
been 90i- a for Money, and 901 sellers for time, but
they left off at 904 aII Money, and 903- a for the

Account. The Three-and-a- Half per Cent. Reduced
Annuities are 96i a 97, and the New Three-and-a-
Half per Cents. 98* a 4. Bank Stock has receded to
180 for Money, India Stock is 250? a 251 Money and
Time. The sales of Exchequer Bills and India
Bonds, as being the present most favourable con-
vertible securities, still continue, which indicates
that the Money Market is not in a very easy
position, though we do not believe that the
general commercial credit of the country is at
present at all compromised.

SUN.—There was no truth in the statement circulated
in the afternoon that letters bad reached the City by the
Liverpool steamer, from New York ; advices are most
anxiously expected. It is hoped intelligence will reach
the City early to-morrow of her arrival at the port the
name of which she bears.

We have not bad any further reports current to-day
relative to the Bank of England.
The state of trade and commerce in the City has
not materially altered from what it was yesterday.
We have to notice some considerable deliveries of East
and West India produce. The tea sales are advancing
rather rapidly, the merchants buying in a considerable
proportion of what they declared for sale. Mauritius
sugars sell well._

The Stock Market looked rather firm this after-
noon, but business is still flat. The Committee have
had before them some of the "naughty boys" of the
House, who yesterday, in celebration of the Gunpowder
Plot, dared to indulge in discharging fireworks (pursuant
to ancient custom) in the Market, notwithstanding the
issue of an edict to the contrary, and threatening sus-
pension of admission if such ill-doings were persevered
in. The investigation proved to be a laughable affair,
and we do not hear that any of the parties in della()
have been suspended admission.

The prices of Consols for Money left off firmly at
90.1, and for Account at 90} The price of Exche-
quer Bills has rather risen, viz., to 6s. discount ; India
Stock is up to 251, and the Bonds to 7s. discount.
Money was greatly in request in the Foreivn Stock
Market this afternoon, and all the prices were lat.
Spanish fell to 27i ; Portuguese Five per Cents. to
31i ; the Three per Cents. to 21i ; Dutch Two-and-
a• Half per Cents. to 52 ; Mexican to 29i 30 ; and Co-
lombian to 304 I. The Great Western Railway Shares
fell to 6 discount ; ditto New to 1 d:scount ; Brighton
to 13i discount ; London and Birmingham new Shares
to 161 premium; and the North Midland to 6 discount.
London and Westminster Bank Shares command but
1 premium ; and British North American Bank Shares
are at 2 discount.