The Sun.
London, England, 1838-12-07 00:00:00

MONEY AND CITY NEWS.

(FROM THE MORNING PAPERS OF THIS DAY.)
TIMES.—The transactions in the Funds were entirely
unimportant, but the Market was heavy, and prices ra-
ther on the decline. Consols for the opening receded to
933. sellers ; Bank Stock was 202 to 3 ; Exchequer Bills,
645. to 665. ; India Bonds, 60s. to 635. premium.
Dutch Stocks were not so buoyant to-day, and a reac-
tion to the extent of t per cent. took place on the closing
quotations of yesterday. The Two and a Half per Cents,
left off at 541 to ; the Five per Cents., 1001 to ;
Danish remained 74 to 1.
There was little doing in other Foreign Securities.
Spanish Actives, with the May Coupons, were 16e to ;
Portuguese Five per Cents., 29i to 30 ; the Three per
Cents., 191 to 20 ; Brazilian, 77 to 8 ; Mexican, 23 to j ;
Colombian, 251 to 6.
The Share Market was heavy, and prices of the Rail-
ways depressed. Great Western declined to 91 to 10/ ;
London and Birmingham to 77 to 9 ; Southampton (new)
to 19 to 20 ; Manchester and Birmingham remain to 11
premium ; Southampton (old) were 6 to 5 ; Midland
Counties, 15 to 14; Brighton, 3i to ; Blackwall, 21 to
2 discount ; North Midland, 1 discount to par. Some
transactions took place for the first time since the discovery
of the late frauds in the shares of the Anti-Dryrot Com-
pany at 8 to 9 the registered Share.
The commercial advices by the Orpheus New York
Packet, to the 20th ultimo, are not of any peculiar interest.
The exchange on London was 91 premium. The establish-
ment of another new Banking Institution is noticed, with the
modest capital of 300,000 dollars only to start with, but to
be increased ultimately, if necessary, to 2,000,000. The
dates from New Orleans in the New York Papers arc to
the 10th ultimo. Cottons were heavy, and a small decline
had to be submitted to on sales. The new Cottons con-
tinued to arrive at Market, and the quality was reported to
be generally good.

It ought to be mentioned, that complaints of the loss or
irregularities in the delivery of the Papers by the New
York packets continue as numerous as ever. It occurs
doubtless through carelessness, after the abstraction by
passengers, for whose pleasure and accommodation the
packets containing the newspapers are politely permitted to
be opened by the captains, sufficient attention not being
paid towards the end of the voyage to collect the scattered
papers together and replace them as originally despatched
under cover and directed. Besides the numbers thus miss-
ing, many of those actually received come in a very tattered
and dirty state. This is but an ill return of the paen.
gers for the civility of the captains, upon whom it is in-
dy the
cm bent, however, to adopt some measures
to reme
grievance pointed out. It is impossible not to
feel and
e gat
acknowledge the great improvements
an packt naviion
generally, and more particolgly with reference to the
United States, effected almost solely through the example
of the New York paoket service, the vessels in which are
models in eves }thing that can conduce to the comfort and
even the luxurious ease of all on hoard.

POST.—The advtoes received last night from Canada
and the United States, although they proved of Teri
great importance, have had but little infliketwe on the
Stock Markets. It is believed by some that the present
are
accounts, like most of those that Lave preceded them,
greatly exaggerated. PI
'...itex arc known to be, in main.'
and it is hoped that
ing particulars exktrti,nety.erroneous,lead-
the whol,o ;ekkor of them may havo aired a colouring
ac ,
fromthe New York, and utl Aer rans -Atlantic editors
q
f. •,..
which the teal facts we have hereafter to be made ac-
quainted with will by no means justify. Consols are now
shit for the cli but bairiains for the opening wort? dividend}. ••, ••

Z -
Letters from Bahia, received by the last Brazil packet,
mention that everything continued tranquil at that place,
which, it will be in the recollection of our readers, was a
few months since the theatre of so much outrage and dis-
order. It was expected, however, that there would have
been fresh disturbances a few days prior to the date of
these letters (the 12th of October), in consequence of the
Jury then sitting having acquitted almost the whole of the
prisoners brought to trial for a guilty participation in the
rebellion, as many of the number were well known to have
been among the foremost. The English barque Bra.
zilian, which had been chartered by the authorities at
Bahia to carry troops to Rio Grande, sailed on the 7th of
October for that pace with 227 soldiers and several
officers. The last advices from the province were said
to be very satisfactory, the Constitutional Government
having now an army of eight thousand men in
good order and discipline at their disposal, and which
would shortly be augmented by the contingents that
had gone from Bahia and Pernambuco. It was hoped
that, as preparations of so effective a character had been
made for the coming campaign, the disastrous warfare
which has for the last three years been carried on in the
province in question might be entirely put an end to. It
was currently stated at Bahia on the 13th of October that
Bento Gonsalves and Bento Manual, the two most for-
midable of the insurgent leaders, had been taken prisoners,
and immediately shot, but there was not thought to be suffi-
cient grounds for giving credence to the rumour. The
Bahia people were looking forward with impatience for the
arrival of some of the steamers which the Bahia Bay
Steam Navigation Company proposed to put into operat;on
in that quarter, and there seemed to be every disposition
on the part of the residents to give all the encouragement
in their power to the undertaking.

CHRONICLE—No importance is attached in the
city to the intelligence received this morning from Canada,
more especially as regards the reported affair at Prescott ;
but the private letters, on the contrary, and we have seen
many from influential and well-informed persons, are couched
in a more satisfactory strain, in so far as they show that
the greatest loyalty exists among the militia in our Cana-
dian possessions, and that the best understanding Was
maintained between the British and American troops on
the fiontier. This latter point is dwelt upon in the city as
of the utmost importance, more especially at this moment,
when confidence in American securities is generally felt in
England, and when capitalists and others who have IT-
frained for some time, or have never before embarked in
American loans, are advancing large sums to variotv, States
of the Union. An immense amount of English money is
now, in fact, invested in these securities, arli nothing of
course would occasion more alarm in the minds of the
holders, than to suppose that the American Government
was not sincere in preventing as much as possible any assis-
tance being given to the rebels by Americans. There is
not, however, we are glad to have it in our power to state,
the slightest cause for any apprehension of this nature, for
the letters to which we have already alluded are written by
persons who have the means of knowing the feelings of the
men in power.

HERALD.—The important, but most distressing ac-
counts from Canada, which have been receiver), here by the
Orpheus Liverpool line-of-packet ship, has created a great
deal of sensation, inasmuch as the renewed attempts at re-
bellion, which have desecrated the Upper Province, have, at
any rate, temporarily destroyed the latent hope that the
prudence of Sir John Colborne would have effectually
checked the progress of the rebels and4.heir foreign abettors.
Well-informed parties seem in.":nned to consider the ac-
counts as exaggerated, particularly that version of the
affair at Prescott, which caludes to the engagement of the
regular troops. The arrival of the Great Western is,
therefore, anticipati%l with much and general anxiety.
The state of the commerce of the United States affords
but little or no occasion for remark, as the present -alvices
from thence follow so immediately upon the heel', of those
which we have already noticed. We may, however, notice
that this new outbreak on the southern sb.-ares of the St.
Lawrence has not received even the sanaion of a favour-
able opinion by the respectable portion of the United States
community, however palatable it may have been to the
vagabonds who infest the Canadian frontiers.
The import trade of the United States continued to be
steady, and there has been no important alteration in either
the cotton or the grail market at New York.
The transactior.s in European bills were, on England, at
9i a 4 ; Franco sf. 17ie. and a few bills at sf. 20c. ;.Hol-
land 40i ; Hamburg S 6 ; and Bremen 80 cents. The
demand on the two former places had been supplied by
private paper, the United States Bank having withdrawn
from the market. Sales of Treasury notes had, been made
at y per cent. prem.
United States Bank Stock was 120-1 a 121. American
gold 7 prem. ; ditto, new coin, Sovereigns were four
dollars 85 cents, each ; and heavy guineas four dollars 95
cents, to five dollars eats.

It appears, from some official statements which have
lately been received from Bombay, that there is a decrease
in the trade of that presidency in the last year, as com-
pared with that of the previous year, which is shown in the
manner following :
The vt bola value of the import trade of Bombay Re.
with all parts amounted, in 1836 37, to .. •. 8,79,88,0q8
And, in 1837.33, to
7,48,32,001

Showing a decrease in the import value of ...... 1,31,56,027

The whole value of the export trade with all parts
amounted, in 1836.37, to ........................ 8,25,32,172
And, in 1837-38, to ••••
6,45,36,793

Showing a decrease, is value of export, of ...... 1,79,95,379

. _
which, added to the decrease in import value, exhibits a
total decrease of 3,11,51,406 Rs., of which the opium
trade with China forms a very considerable item, the eIC..
ports, up to the 24th of May 1837, being 15,410 chests,
whereas, up to the 28d of May 1838, they have only
amounted to 5,068 chests.
The duty upon the importation of foreign corn, for the
ensuing week, will be reduced to the low rate of P,s. Bd. per
qr., with every prospect that it will shortly he 'reduced to
the lowest rate, Is. per. qr.