The Sun.
London, England, 1838-11-22 00:00:00

MONEY AND CITY NEWS.

(FROM THE MORNING PAPERS OF THIS DAY.)
CHI4ONICLE.—The accounts from Canada are con-
sidered in the City to be at least exaggerated, if not un-
founded ; but' no letters have yet come to hand to throw
light on the matter. In the mean time the frequenters of
the Stock Exchange display some uneasiness, and Consols,
consequently, have receded to 93i to 94 for the Account,
and 931 to 1 for Money, which is rather lower than yes-
terday. Exchequer Bills remain at 675. to 695. prem.
The " heavy," that is to say the high-priced, foreign se-
curities are rather lower in consequence of the depression
in Consols.
We have heard to-day, in quarters where information On
such matters especially may be fully relied upon, that the
question of boundary between the possessions of Great
Britain and North America and the United States, is
on the eve of being formally adjusted, and in a manner,
it is said, which will give satisfaction to the public on
both sides, and be in accordance with the views of the
two Governments. It is, in fact, st.'ted that communi-
cations for some time past Shave been going on between
Mr. Stephenson, the American Minister, and our Go-
vernment upon this point, and that it has been
determined to appoint a Commission, to decide
upon the question, the Government at the same time re-
conintentling mutually fOr their adoption that the river St.
John should form the separating line between the two coun-
tries, whereby that portion of the province of Maine which
the Americans have always claimed will be ceded to us, and
a§ an equivalent the coast and territory lying between the
rivers St. Croix and St. John, equal in size to what is given
up on the other side, will be made over to America. By
this means Maine will possess almost an entire water boun-
dary; and the country between Nova Scotia and Canada
1011 be laid open to us, a point in itself of' the very utmost
inantitianee; Mote especially at the present moment, and
there can he little doubt that the railway which has often
been proposed from Halifax to Quebec, but as often put
off in consequence of the state of the boundary question,
will soon be carried into effect, by which means it is need-
less to say a most important and favourable change will be
effected in our Canadian trade. That the question of boun-
dary between our possessions and the United States should at
length be adjusted is of itself of the greatest consequence ;
not that any serious disagreement between England and
America was ever contemplated from the unsettled state of
the question, yet it kept up an unpleasant feeling on the
borders and often led to local disturbances, and the adjust-
ment will remove all fear from the minds of alarmists and
ill-informed persons as to there being any chance of a colli-
sion between the two countries. We understand that the
' Executive at Washington approves of the arrangement ;
and, indeed, that it was Mr. Forsyth who proposed to Mr.
Fox the propriety of appointing a commission, but that the
latter referred the matter to the Government at home.
There cannot be a more complete answer to the asser-
tion that there is a disinclination on the part of British ca-
pitalists and the English public generally to invest in Ame-
rican securities, than the fact that two State loans were
contracted for yesterday, and others are on the tapis. The
house of Messrs. Baring, Brothers, have concluded with
the State of South Carolina for a loan of 500,0001., to
bear five per cent. interest, but the price at which it has
been negotiated has not yet transpired. The Mississippi
State has made a loan of 250,0001., which-has been taken
by various contractors. The principal and interest are
payable at the agency of the Bank of the United States in
London. It is a five per cent. loan, and it is said to have
been taken at 93, with interest from the Ist instant. There
has, in fact, been an unusual amount of business transacted
lately in the securities of the various States of the American
Union, and the circumstance of comparatively small sums
having been invested by persons in the country, uncon-
nected with the United States by business or otherwise,
shows that the public are not alarmed by the strenuous ex-
ertions of our Contemporary the Times to depreciate every
kind of American security or credit, and to create appre-
hensions in the minds of the English as to the validity of the
stocks and persons in question. There never was, per-
haps, an instance of such a wilful perversion of the true
state of things, for the purpose apparently of carrying out
some personal spite, and there never was an instance of such
complete and signal failure.
The important circumstance respecting the settlement
of the boundary question, alluded to above, is tinother
decidedly favourable feature in favour of American secu-
rities, inasmuch as it sets aside all fear as to peaceful com-
munications between the two countries not being 'maintained.

Messrs. Lizardi have contradicted the report that they
had authorised Macnin, the person accused of forgery upon
their firm, to sign in their name. We are glad to hear this
for their sake, but the contrary was stated and believed by
many of their personal friends. As the matter, however,
as Messrs. Lizardi state, is likely to come before the Cri-
minal Court, we shall refrain from saying anything more on
this head at present.

TIMES.—The price of Gold at I-Jamburgh is 4361 per
mark, which, at the English Mint price of 3/. 17s. 100.
per ounce for standard Gold, gives an exchange of 13.14
and the course of exchange at Hamburgh on London at
short being 13.71, it follows that gold is 1.39 per cent.
dearer at Hamburgh than in London.

The price of Gold at Paris is Eli per mille, which,
at the English Mint price of 3/. 17s. 10Id. per ounce
for standard Gold, gives an exchange of 25.361-, and the
exchange at Paris on London at short being 25.42 i,
it follows that Gold is 0.24 per cent. lower at Paris than
in London.

The prospect of renewed disturbances in Canada,
brought by the New York packet, Garrick, acted unfavour-
ably upon the funds, and Consols declined to 93/ to
for Money and Account. Bank Stock, 203 to ; India
Stock, 261 to 2 ; Exchequer Bills, 675. to 695. ; India
Bonds, 655. premium.
The Foreign Market was heavy, and little business do-
ing. Spanish Active, with the May coupons, were 17* to
; Portuguese Five per Cents., 31 to -1-, the Three per
Cents, 20k to / ; Brazilian, 77/ to Si ; Mexican, 23-1 to
; Colombian, 25* to k ; Dutch Two and a Half per
Cents., 53i to 4 ; the Five per Cents., 1001 to
Railway Shares were dull, and prices with little varia-
tion. Great Western 13 to 14 ; London and Birmingham,
82 to 4 ; Manchester and Birmingham, / to 1* ; South-
ampton new, 191 to 20k ; New Croydon, 1/ to 24 ;
North Midland, 1 to 2 premium ; Brighton, 2i to 1 ;
Blackwell, 2 to 1/ discount.
The activity with which commercial interests are en-
couraged by the Government in Austria is sufficiently
apparent by the late treaty of commerce with this
country. As a proof that no less attention is be-
stowed on matters of less moment, it may be no-
ticed, that among other enterprises, a company has
lately been projected at Trieste under the direct pa-
tronage of the Imperial Government, called the " So-
ciety of Industry and Commerce for Central Aus-
tria," with a capital of 250,000 florins, the objects
of which are to promote the exportation through that part
of the produce of the soil and manufactures of Styria, Ca-
rynthia, and Carniola ; to make Trieste a depot for Aus-
trian products ; to sell and place these products either on
direct account of the society or by commission for the
proprietors and merchants ; to make advances at interest
on consignments, and to facilitate the import into Austria
of all improvements, mechanical or otherwise, which may be
useful to industry and manufactures. For this purpose
branches are to be established at Gratz and other places
under proper directors, and correspondences opened
abroad. From the great success which has attended the
steam navigation and other joint-stock undertakings, and
the generally prudent and economical management which
has characterised them in Austria, it is hot impossible
that the present enterprise may be made to answer the ex-
pectations of its projectors ; at the same time it should be
remembered that the experience hitherto of common mer-
cantile operations conducted through the complicated and
rather expensive machinery of a joint-stock concern, with
its variety of boards and chiefs, has been anything but
favourable in the main. The failure of the great Rhenish
company commenced a few years ago in Western Prussia
with the same views and a much larger capital, is still fresh
in the minds of the people. Their distant speculations and
consignments ended in ruinous loss, occasioned in many
instances by the dishonesty of agents over whom, when at
a distance, no adequate control could be exercised. But,
whatever be the fate of the Austrian Company as a spe-
culation for profitable investment, it can hardly fail to
prove of considerable advantage to the rising manufactures
of the country, which, in hardware, cottons, &c., are already
of national importance.
The observations made some days since respecting
the abundance of money for all useful purposes in
Belgium, and therefore the absurdity of schemes for
the introduction of more from abroad, or for the crea-
tion of an unnecessary mass of paper values as a profitable
speculation, appear fully borne out by the fact of the ease
with which projects are got up in that country, and capital
subscribed to them. From the first of January, 1833, to
last October, no less than 118 companies have been formed
there, whose shares represent a capital stock of
391,000,000 f., or nearly 16,000,0001. These societies are
for all kinds of objects, from banks and life assurance, down
cotton works, oil-making, and theatres. Relatively with
the population more public companies have been started and
established in Belgium than in France within the same pe-
riod of time.

POST.—The accounts from Canada are by many per-
sons considered too vague and general to create any very
serious apprehension of the consequences being immediately
dangerous, but it is easy to perceive that there is no small
portion of affectation in this indifference by the universal
interest taken in scrutinising and halaneing all the hearings
of the matter. It is admitted by all parties without quali-
fication that no reliance is to be placed upon the power of