The Sun.
London, England, 1838-11-13 00:00:00

MONEY AND CITY NEWS

(FROM THE MORNING PAPERS OF THIS DAY.)
TIM E S.—The English St,ek maiket has been dull all
day. Consols remain as before, 94-k to -4 for Money and AC'
count. Bank Stock, 203 to 1 ; India S.tock, 260+ to 11 ;
Exchequer Bills, 683. to 703. premium.
Foreign Securities arc heavy, with little variation in price!'
Spanish Actives, with the May Coupons, were 171 to
Portuguese Five per Cents., 31 to ; the Three Pe
Cents., 20+ to !if ; Brazilian, 78+ to -it ; Mexican, 23 to
Colombian, 25 ; Dutch Tao-and-a- Half per Cents., 541 to
;
the Five per Cents., 1001 to R.
The Share Market was flat, with a tc ndency to decline ill
railways. Great Western were 13 to 14 ; London ard
mirigham, 82 to 4; Southampton new, 201 to 1+; Maile"e ;
ter and Birmingham, to 1+ ; North Midland, 2to 3 prela'u-ii
Southampton old, 41 to 31. ; Brighton, 21 to a;
1,1 to 1 discount.
By the Iberia steamer the back India mails for July
August have been received, together with the remaining 12„,a,,1;
of the overland despatch of September 12 from Bombay. 1""
Post-office, as usual, is last in the field. The SePterober de•
sratch was partially received here, and the intelligearo
brought by it published in this Paper a fortnight since. fn
three days subsequently Mr. Waghorn's packet arrived, ale
ten days after comes the Post-office delivery. Thus pries!).
and almost unaided enterprise beats, and regularly beats, t L
BlackWs,
Post-office with all the extraordinary resources at its disPe/_!t
The result of the first year's operations of the Laffitte Jut $
Stock Bank at Paris have recently been published, after
general meeting of the shareholders, to whom they were i 0
Irshited. As this is the first institution of the kind, if Ile
France, France, at least in Paris, excepting the Bank of Frani;
which, properly speaking, is a State establishment, $0
progress will be traced with some interest. It app re,
that the general movement of business, comprising ,or
ceipts and •payments, amounts in gross for the Year
to 510,000,000 f., or about 20,400,0001., spread over
ef,
year in the following proportions:—The Ist qu,rt
49 595,000 f. ; second quarter, 102,107,000 f. : third qua`'ebe
158,760,000 f. ; fourth quarter, 199,565,0001. Thus frotn tor.
first to the last quarter the business of the Bank was quadj.o
pled. The circulation of " credit notes" (billets de crell 0
or promissory paper bearing interest, and after date, Wag also
progressing, although not so extensively as seemed in the ins
instance to be calculated upon. That of the first quarter i 913-4
given, and is said to have been insignificant ; that of the see°n„
quarter, ending in March, was 5,784,000 f. ; of the third geaih
ter, ending with June, 9,186,000 f., and that of the Laurae f
quarter, ending with September, 14,153,000 f, uneir,
these circumstances, the attainment of a paper „,0/.
culation during the first year of upwards of 560,70c1c
is an important item in the progress of Joiat-Tdc,.
Bank paper money in France. This amount is
pendent of a smaller amount of paper in circulation not he fig,
ing interest at three months, on various dates after sight,'oll
sued for special occasions, of which the sum wag ;bus
504,000 f. It is'stated, that of the whole of the notes • 0
in circulation, about one-third consisted of notes paY81)1.1 of
15 and 30 days' sight, whilst the disposable active oar" and
the bank on the 30th of September in bills and securitreso
in specie exceeded 28.500,000 f. It was intimated that auc:be
siderable extension of the " credit note" circulation raig"„sr
anticipated from the measures in progress to render theo' r
able or receivable in every place of any consideratiel the
France. At present they were current only at Paris, se ors,
object was to make them equally available in the departred in'
The number of accounts opened at the Lafitte Bank "re bicb
creased from 1,728 iu March to 2,420 in September ; e:116,5.
there were at Paris 1,448, in the departments 807, abroaa
HE R ALD.—The arrival of the Peninsular steamer, -11sb,
which has brought the overland mails from India for dial; 00
of July, August, and September, although it has broag tea
further political information from any portion of our easrcaa,
possessions, has created much attention amongst the ta..nose'
tile interests connected with that portion of the world, in '''oll,
quence of its having brought a very large amount a lieu bl
tances, the delay of which has for so long a time been 4our
all parties connected either commercially or otherwise the
Indian possessions. Much anxiety, however, prevails,' pifsi•
further advices from India, which may be expected 0%00
seilles by the 19th or 20th instant. Some of the .10 pi?,
which have been received to-day, although their otberllsloll
litical information has been completely anticipated, Aen-ots
serious apprehensions unless the government at home 81;idiate
more rational course of administration respecting our .0
affairs ; and a few of them boldly maintain that the oa,tl„, pot
the higher classes are becoming so very sensible of "3'oo
misrule of the British Government in India, that it WlllLl..e„i; bes
more than the exercise of the late mediocre policy we'll"tbelf
been pursued towards our vast oriental possessions to Ilado not
future allegiance. The private letters from Portugal .0 015
add to the information which has appeared alreadY to the
Journal, yet the accounts have not tended to iroPteiso be
value of Portuguese Stocks in this market. It well th;
seen that the Spanish Bonds are in worse repute, wut " 0'
promulgation of the negotiations respecting the settlerae,o
eblis
the Luxembourg question, and the partition of th e bete
l
debt between Holland and Belgium, have not at all 8
the securities of'either kingdom. hone
The British funds continue very steady, without, he"
any great amount of business.