The Sun.
London, England, 1838-11-10 00:00:00

MONEY AND CITY NEWS.

(FROM THE MORNING PAPERS OF TNIS DAY.)
TIMES.—The transactions in the Funds were quite in-
considerable to-day.
Foreign Securities remain with little variation. Spanish
Actives, with the May coupons, were 17,1 to 4 ; Portuguese,
Five per Cents., 31,15- to 2 ; the Three per Cents, 20- to 1 ;
Brazilian, 781 to 4 ; Mexican, 23 to 1 ; Colombian, 25 to ;
Dutch Two-and-a-Half per Cents., 53-i to 4 ; the Five per
Cents., 1001 to
Railway Shares continue at about the same quotations.
Great Western, 13i to 141 ; Manchester and Leeds improved
to l 9 and 21 ; London and Birmingham, 83 to 5 premium.
Some
exaggerated rumours were at one time in circulation re-
specting an accident which occurred to one of the trains on this
railway to-day, owing to the partial giving way of an embank-
ment near Leighton Buzzard. It turned out that the chief
delege suffered was the inconvenience of a delay of about two
hours. Eastern Counties were to ; Brighton, 21- to 1;
Blackwell, 1 to a discount.
If the German papers are to be credited, the Government
of Greece was about to turn banker, a piece of intelligence
which, if the capital stock of the concern were to he furnished
out of its own funds of surplus revenue, might afford some
consolation to its unfortunate creditors here, although they
would be apt to consider that the money could be more ho-
nestly applied. The case is otherwise, however, and the funds
arc to be derived from a source which could hardly be dreamt
of, and which ought in all fairness, also, rather to be appropri-
ated to the bondholders here. The intention was, it is said, to
establish two banks, of which one to be a bank of discount, and
the other a bank for loans upon mortgage, with a view to bene
fit the landholders and cultivators. The capital of the discount
bank was to be fixed at 2,000,000 drachmas, and it was to be
empowered to issue certificates (bons), or notes payable to
bearer. Bills offered for discount were not to exceed three months'
date, and not to have less than three signatures upon them as
security ; the rate of interest to be from 6 to 8 per cent. per
annum. The Bank was to advance also on deposit of mer-
chandise or of produce. The capital of the Bank was to be
divided into shares of 1,000 drachmas each, in which the Go-
vernment was to take an interest to the amount of one half the
capital to be paid up out of the third series of the loan guaran-
teed by the three Powers; 500,000 drachmas were to be sub-
scribed by M. Eynard, of Geneva, and the remainder by the
Shareholders. The Charter of the Bank to be limited to ten
or fifteen years. The capital of the Loan Bank was to be
15,000,000 drachmas, but it was not to have the power of
issuing paper money. Its term was to be twelve years.
It was to L.
ee entitled to charge interest at the rate of
ten per cent. per ann urn, and it might extend its
credits to the whole term of its duration. Its debtors might
operate the redemption of their obligations gradually or par-

POST.--There has been but little demand within the last
few days for the great amount of superabundant capital which
has been in the market, consequently the rates of discount in
the commercial market, and the rate of interest on the Stock
Exchange, continue very low.
There has been but little doing in the continental ex-
changes this afternoon. The following are the current rates;
—On Paris, 25f. 70c. to 25f. 75c. ; on Amsterdam, 12 41 ;
on Rotterdam, 12 44 to ; and on Hamburgh, 13 10/, to
13 10
The reluctance on the part of the public to throw stock into
the market, has tended much, in addition to the very easy
state of money generally, in conjunction with the late and con-
tinued purchases of reduced Consols by the Commissioners on
the pin of the Government, to maintain the quotations of the
British Funds. Consols closed at the improved rate of 94k,
sellers, for Money, and 94k, buyers, for Time, and most of
the heaqiet Annuities have partaken of the same scale of im-
provement. nai:R Stock is 2024 to 203, and India 261 to
2611. The prertiitim urn Exchequer Bills is 68 to 70, and
on India Bonds 6J to 04.

HERALD.—Money, both for commercial purposes and on
the Stock gxchangej continues extremely easy, and it appears
from the contents of the commercial letters received from the
manufacturing districia, Within these last few days, that the
same difficulty of employing looge Capital prevails throughout.

ACCIDRNT tirf THE LONDON AND

BIRMINGHAM RAILWAY.

Great uneasiness was felt yesterday morning owing to the
non-arrival of the mail train from Birmingham at the proper
time. The ttgin which left Birmingham at seven o'clock on
Wednesday evening ought to hate arrived at the Euston-
square station at five o'clock yesterday morning, but it was
eight before any tidings were received to allay the fears occa-
sioned by the delay. Shortly after that hour an express engine
arrived with the mail bags and a few of the passengers, and it
then appeared that the delay which had occasioned so much
alarm was caused by an accident, which, however, ,turned out
to be not so serious in its consequences as had been appre-
hended. The following account of it has been furnished to us
by the agent for the Birmingham Railway, who states it to be
" a correct account of the accident which occurred on the rai-
lway at West Leighton."
" Nov. 9.—An accident, happily attended with no serious
consequent:Tß, occurred this morning on the London and Bir-
mingham Railway. -
" Thd newly-formed embankment of clay, three miles from
Leighton, having subsided in the course of the previous
night, occasioned by the late rains, loosened one of the rails
from its fastenings.
" The mail frcin to London, on arriving at the spot, though
proceeding (as is usual On etbankments) with great caution,
was consequently thrown ogthe title, and several carriages
much injured. One passenger received tt bruise in the leg,
which we are happy to state is not of a serious natuiTl but no
other person, except the guard, redeived the slightest injury.
Several officers of the company were immediately On the spot,
and forwarded the letter-bags by an express engine to the Post-
office, with some of the passengers, which arrived shortly after
eight o'clock. The remainder of the passengers soon after
followed, and arrangements were made to prevent any other
interruption to the traffic during the day. The embankment
is now completely repaired."
o'clock,
line ' c luor
ocs kdf
a,
ty, al
the London
i night,
accidentt and
ANOTHER ACCOUNT.
We subjoin another account, which is derived front a per-
son who
bthyissesvideen
o'clock
son who is in the habit of supplying us with such information :
" Yesterday morning, about twenty minutes past three
c l Leighton.nek ye yesterday rdayThrheoßrritrimn
ought
onu fgd lal t
Birminghams
to serious r iho
bate
d characterr r yerailroad,
d at t o ee c
Eu
aboutrurset do n o.
gtnhr theor
ve ee
startedTh at the usual hour from the latter place for London on
o'clock great uneasiness wa3 manifested at itsg .
not having made
its Birmingham
Ilitoaielltervaeinn
appearance, and various were the surmises as to the cause
of its delay. About twenty minutes after eleven it came in,
divested of its usual appendages, the Post-offiee and luggage
vans, when the following particulars were elicited i----,
" The train started at its usual hour from Birmingham,
bringing about fifty passengers, the Post-office letters, and
luggage. On arriving about three miles and a half on this
side of Leighton, where the road runs along en embankment
ninety feet in height, the engine and tender got off the line
in the direction of the embankment., and before it was in the
cower 01-t4v---,-----...-4.--.Y...-, k lir in Utl.4 t.. 46, It Uda 1....,.......?-
dragglng wit it the greater porttonol ine Iraiti, 1%111. OVUI
this steep declivity, producing a concussion which dashed the
Post-office luggage-van, and one of the first-class carriages,
to pieces, and seriously damaged the whole of the remainder.
The escape of the engineers, guards, and passengers was
truly providential. The engine, after having gone down
the declivity a considerable distance, became, from its im-
mense weight, so deeply imbedded in the mould that the
wheels were entirely clogged, and it fell upon its side
towards the mound, which had the effect of throwing
those carriages which were over the embankment in the
same direction, and those remaining still on the line on their
sides the reverse way. The confusion at the moment is de-
scribed to have been dreadful. On the engineers, officers,
and guards recovering the shock, it was found that among the
passengers, with but one exception, only a few slight bruises
had been sustained, and that a gentlemen, who was seated
alone in one of the first class carriages, was bruised about the
thigh and hips by the force with which the pannelling had been
dashed in against him. One of the guards, named Young,
was found lying at the bottom of the embankment, bruised in
a most shocking manner, having been at the time of the con-
cussion pitched, together with the foot-board and iron-work of
the dickey of the carriage on which he was seated, the whole
depth of the declivity. lie was assisted up, and placed in
one of the carriages, in a weak state, but we are happy to state
Ihis injuries arc not of a serious nature, as he managed to walk
to his residence on the arrival of the train in town."