The Sun.
London, England, 1838-10-24 00:00:00

MONEY AND CITY NEWS.

(FROM THE MORNING PAPERS OF TIIIS DAT.) I
CHRONICLE.—AII the different markets at the
Stock Exchange present a very desponding appearance,
and most securities, both British and Foreign, have under-
gone depression, especially the latter, although nothing
immediate has transpired to cause the fall.
The Share-market has not suffered so much in the ge-
neral gloom, and business was limited in it.
The exportation of precious metals from the port of
London for the week ending Saturday last, the 20th inst.,
consisted, according to the official returns, of 200 ounces
of gold, which were shipped to South Australia, and
38,229 ounces of silver, of which 23,000 ounces were sent
to Rotterdam, 6,000 ounces to Havre, 5,899 ounces to
South Australia, and 3,320 ounces to the West Indies.

POST.—Continued rumours of changes in the Admi-
nistration have completely unsettled the speculators in both
the Foreign and British Funds. They have had the effect of
causing a reduction in every description of public secu-
rity ; but the Money Market continues tolerably easy.
The Spartan, Bull, from New South Wales, off Sal-
combe, brings advices from Sydney to the 26th of June,
1838, but the letters have not been delivered. This ves-
sel spoke the Giraffe, Burn, from Launceston, a few
days since.
There has been little speculation in the foreign funds,
and the balance of stock seems to be against the sup-
porters of the Peninsular Bonds in particular, which are
very heavy.
The value of Shares remain much the same.

HERALD.—A very general impression has prevailed
here to-day that some important changes are on the eve of
taking place in the administration of the country, and re-
ports Lave been rife as to the pieties who are to take and
quit office, which have bad the effzet of completely check-
ing all speculation in either the British or Foreign Fund 4,
and, in fact, of throwing a complete damp over the Stock
and Security Market generally.
By the Lyra packet we have dates from Rio de Janeiro
to the 22d of August, but they do not particularly add to
the intelligence received by the transit ship Larch yester-
day. The Senate, however, hao approved of the estimates
of the Minister of Finance, to which we referred yesterday,
which provides for the interest payable on the foreign debt
due in December and June approximating. The impres-
sion that the Treasury would have to sell off a large amount
of Stocks to redeem the discount which they had been
compelled to grant at 71 per cent., had caused the local
Six per cent. Stocks to continue heavy at the late quotation
of 82 a 82/ per cent. The quantity of Coffee exported
from Rio, according to the present returns for July, amount
to 41,572 bags ; and for August, to 54,640 bags. The
Exchange on London continued at 271 a 28.
The Commercial Exchange was 274.
An impression has gone abroad that the Bank of Eng-
land Corporation have been selling Exchequer Bills on
their own account, which, we are given to understand, is
incorrect, inasmuch as they have been the holders of that
species of security in their own right, although as bankers
they. may have effected such-like transactions on account
of their clients.

It is generally understood that the Bank of England has
been compelled to restrict its discounts, and take in its
loans (at convenience) in consequence of the market rate
of interest being lower than the Bank rates ; but there has
been no material alteration in the value of money within
the past few days.
There has not been much business in the Continental
Exchanges this afternoon ; bills have been rather scarce,
and in most instances the course has declined. On Am-
sterdam the quotations are 12 41 ; on Rotterdam 12 5 ;
on Hamburg, 13 11 ; and on Paris at 25f. 70c. a 25f. 71c.
The political affairs of the country, to which we have
already referred, have had the effect of reducing the
market value of the British Funds full one-quarter per
cent, on the closing prices of the last evening, and con-
sequently have much diminished the inclination of the spe-
culators outside, and the jobbers in the house, to carry on
extensive accounts.
Consols have closed at the reduced rate of 93i to
Money, and 931 to for the Account. The Three-and-a-
Half per Cent. Reduced Annuities are 100 a and the
Three-and-a-Half per Cents., 101 to 1. Bank Stock
is 20Zq to 4, and India Stock 060 1 Money. The pre-
mium— 4
upon Exchequer Bills still ranges from 65 to 67,
and on Edia Bonds, from 65 a 66. India Stock for the
account of the 27th of November is 2591 to 260.
All speculation in the Foreign Funds has been very
much checked by the late accounts of the disorganised
state of affairs in both of the prominent kingdoms of the
Peninsula.