The Sun.
London, England, 1838-12-05 00:00:00

MONEY AND CITY NEWS.

TIMES.—The shutting of the books for the dividends,
which takes place to-morrow, has made this a busy day in
transfers, but it has been unaccompanied by any indications,
such as usually present themselves in doubtful times, of a
bias in the public mind either for or against the funds.
There was no pressure for stock, nor any scarcity of money,
and the closing price of the day is not materially below the
quotation of several weeks preceding. If the balance in-
clined at all, it was in favour of Stock, or rather it may be
said, that the mere " dividend hunters," as they are called,
who are willing to lock up their means till the opening in
January, were not less numerous than usual. The con-
tinuation, or rate of interest for the interval, till the next
account, has rather diminished than otherwise in the course
of the day.
The fall in the foreign exchanges continues, and the rate
in Paris, short, was 25. 40 to 45, which is nearly as low as
in the beginning of 1837, under the influence of the Ame-
rican crisis. So steady and long-continued a decline is
creating some uneasiness in the city, but the Bank Direc-
tors are quite at their ease, and seem to anticipate a speedy
reaction.
Considerable activity has prevailed to-day in Stocks
generally, with a partial improvement in prices and a better
tone in the market.
Through Panama accounts had been received in the
United States from Guayaquil, and Paita, in Peru, of the
events which had occurred in Lima subsequent to the re-
volutionary movements in the provinces. It is known that
Orbegoso, the President of Peru, appointed by Santa Cruz,
had declared against him, and joined Nieto, the insurgent
General, with all the force at his orders. On the 28th of
July, the two chiefs entered Lima, from which Moran,
with the troops of Santa Cruz, had withdrawn the previ-
ous evening. After this the Constitution of 1835 was
proclaimed, and Orbegoso named Provisional Director.
This revolution, if the present advices may be credited, bad
a short reign, and a strange termination. On the 7th of
August the Chilian squadron arrived off Callao, consisting
of 32 vessels, transports inclusive, and ten men of war ; on
the Bth they landed at Aucon 5,000 men. It was pre-
sumed of course, that they came as auxiliaries, but previous
to entering into alliance the Chilians proposed terms,
consisting in the payment of 20,000,000 dollars, with
possession of Callao until the conclusion of the arrange-
ments. These demands were considered entirely inadmis-
sible, upon which they are said to have advanced and
taken Lima and Callao, after an action in which two
thousand men were killed. General Gamarra was
then declared President. Orbegoso fled to the moun-
tains. The South of Peru still adhered to Santa Cruz,
who, it was reported, was within three days' march of
Lima, at the head of an army of 8,000 men. If these ac-
counts may be credited, it will not be easy to dislodge the
Chilians from the strong castles of Callao, as they are
masters by sea, and can therefore be amply supplied with
provisions at all times, whilst by land they are generally
deemed impregnable. Rodil held them against Bolivar
and all the forces of Peru for about two years in the time
of the war of independence. The dates from Callao were
to the 22d of August, and from Guayaquil to the Ist of
September.
There appears in one of the New Orleans Papers last
received an instance of enterprise in the new State of
Texas highly characteristic of the
people who have lately
assumed the direction of its affairs. The following is an
account given of it i—
of
to
‘' A Companycaopbittaaliinstas
chnhavreter fromaesociattheed
Ttehxeamnselves
together, and expect
Con-
gress at the approaching session. They have their agents in
New York and other
rapidity with whiets
exectex
parts of the United States, and, from the
preparations have been made hitherto, it
isNovepm ber.d that the
pedition will get off some time in
s' The main object of this
Company Is to establish a road
for waggons, from Galveston losifanil, through Chihuahua, to
Monterey—n(4 the Monterey
the
same
Leon, near the Rio
merelyn this pioneering
situate on the
upper e Norte,
part o but
the h ae
ofof California. In
extensive operations hereafter, it
expedition.
.which is expected to
maga the presage of
la #A contemplation
to take irt4r.g from 40,000 to 50,000 dollars'.wortia d
and as there will be 250 men in the company, well 'tilted
I and equipped, it is to taep.temrti tbo tho caravan will
pro-