The Sun.
London, England, 1838-03-15 00:00:00

MONEY and COMMERCIAL NEWS.

CITY (THIS DAY): TWELVE O'CLOCK.
The London line of packet ship, fiorn New York, of the 90th ult., has
arrived off Dartmouth, by which we have received the New York
Papers of the 20th February, from which we extract the following from
the frontier:—

" General Scott has arrived here from Albany, on Lis way to Wash-
ington. On learning by special advices from Michigan, or by Wash-
ington newspapers, that troubles had again broken out on the Michigan
frontier, he immediately changed his purpose, to proceed thence by
Buffalo, by the most rapid conveyance. General Ward is now at Platts-
burg, and has called out two companies of horse for the purpose of re-
connoitering the country. We hear of no movement, however, of im-
portance ; nor do we believe there will be any. The Patriots have un.
douhtedly a considerable amount of property stored on the frontier,
which was intended for the Canadian market."

Private letters speak of a desperate attempt of the Patriots on the
Lower Province of Canada. Our accounts state that the Province
would be kept in a state of alarm until troops from England get out.
The Quebec papers of the 13th ult., received this morning, mention
that Sir John Colburn had been sworn in as General Administrator of
the Colonial affairs in the place of Lord Gosford.
The family of Sir Francis Bond Head has arrived in the Wellington
from New York.

In the House of Representatives a debate had taken place upon the
subject of the war in Canada. Mr. Howard had moved the suspension
of all other business to bring forward the subject of maintaining
neutrality on the frontier. He laid before the House a despatch rela-
tive to the proceedings of the rebels, 800 strong, who were com-
manded by Vanrensseleur. A movement was to be made near the St. Clair
river; the despatch states furthsr that the people on the frontier freely gave
up their army to the rebels ; twenty loaded waggons had passed to the
frontier, with arms and ammunition ; the rebels had been jollied by a
great number of the Indians ; one statement is that the rebels mustered
front 1,300 to 1,500 men. Mr. Howard proposed that a Bill should be
passed,
• eiving to the civil power authority to aid the military in pre-
serving neutrality. The Bill was debated at some length, but it was
afterwards adjourned in order to enable the Members more accurately
to obtain a knowledge of its contents.
From the New York Journal of Commerce of the 19th of February
we extract the following:—
" MONHV AND EXCIIANGE.—Money is scarce, though there Is no
great difficulty in obtaining good notes being discounted at 7 per cent.
European Exchange fell a good deal ; the business of packet. day was
done chiefly at 1 down to 61 for good and private bills on England,
but the packet being detained, further sales were made, and the price
continued to drop, the last transaction being 5i for prime bills, and 5i
for Southern bills of unquestionable strength. Some of the Banks were
large buyers, and at the rate of their purchases they will procure re-
turns in specie below par. In Stock the business was extremely small,
but appeared rather better towards the close.
A Jamaica Mail has arrived, sailed the 9th Feb., by the Goldfinch.
The Jamaica Papers of the above date do not contain anything worth
notice.

TUE FUNDS.
Consols which left off yesterday at 931} for the Account, opened at
the above price, and 994 93 f.r Money, with little doing as yet. F.x.
chequer Bills, 64 86 ; India Bonds, 64 66; Bank and India Stock shut.
In the Foreign Market late yesterday afternoon a very sudden rise
took place in the Spanish Active Bonds, but up to the present hour
wo cannot find out the cause, and at the closing of the Market they
receded from 22 to 21 % ; Portuguese, 014 ; Three per Cents.,
201 211 ; Mexican, 2fish 29 ; Dutch Two.and-a-Half per Cents.,
52 N. 53.

HALF--PAST TWELVE.

Later accounts from Canada state that Sir John Colbourn had fiot
been tiWOrllin on the 13th, owing to Lord Gosford having met with a
slight accident by a fall on the ice.
_ _ .