The Sun.
London, England, 1838-10-27 00:00:00

MONEY AND CITY NEWS.

(FROM THE MORNING PATERS OF THIS DAY.)
TIMES.—The impression adverted to yesterday, created
by the repot of certain contemplated proceedings of the Bank
Directors, had the eff,,ct of slightly improving the funds, but
as yet it has led to nothing. Consols were at the close 94 to
for both Money and Account. Bank stock was 2031 to 4 ;
India Stock, 2611 to 21. Exchequer Bills were 645. to 665.
premium.

The Foreign Market was generally better for all descrip-
tions of Securities. Spanish Active, with the May coupons,
were 17i to I; Portuguese Five per Cents., 314 to 324; the
Three per Cents., 201 to 21 ; Brazilian, 782 to 79 ; Mexi-
can, 214 to 22+ ; Colombian, 231. to 24+; Dutch Two and-a
Half per Cents., 53i to 54; the Five per Cents., 1004 to 1001.
The Share Market was dull, without variation in prices.
Great Western were 121 to 13 ; London and Birmingham,
84 to 5; Southampton New, 21 to 2 premium; Brighton,
2a to ,1; Southampton Old, 4 to 3 ; Greenwich, 341- to 24discount.

Considerable inconvenience is complained of from the want
of a regular agency-office here for the Great Western steam-
ship, where accurate information may be procured relative to
arrivals, departures arc matters of accommodation generally.
At present reference is given to the Great Western Railway-
office, where of course their own concerns claim their first
attention. The correspondence of merchants would be greatly
facilitated by a better system.

CHRONICLE.—Some large sales of Brighton Railway
shares which have take► place within the last day or two,
which has produced a further falling-off in their value, and they
closed to-day at 2i tog discount. In the other railway under-
takings there is scarcely any change, particularly amongst the
principal lines, which continue firm at yesterday's quotations.
There has been considerable inquiry lately for the Shares of
the General Mining Company, at an improved price—namely
11 to 12i per share. This arises in consequence of the last
advices from the United States having brought information o
the Nova Scotia coal having become greatly in repute in Arne_
rica, and the demand for it, especially for steam purposes
having much increased. A great number of American ves-,
sels were said to be constantly at the mines taking in cargoes.

•HE RA LD. —Considerable satisfaction has been manifested
by the commercial and monetary interests that the Bank of
England Directors have resolved to maintain the same rates of
discount upon bills and interest upon loans, to which they re-
ferred in their notice of the 6th of September, until after the
opening of the books for the transfer of stock on the 7th of
January next.
As money continues very easy, both in the open market and
on the Stock Exchange, with a very fair prospect that it will
so continue, it is considered that this resolve of the Bank Di-
rection will prove a healthy counterpoise to the present and
contemplated easiness of the Money Market during the
heaviest portion of the year, and though it may interfere with
the present profits of that Corporation, eventually, it is con-
sidered, as likely to have the effect of placing the future assets
of the Bank upon a much safer foundation.
The following is an extract of a letter from Rio de Janeiro
of the 31st of August, which was received at the. North and
South American Coffee-house, this evening, by the merchant
ship Minerva, via Liverpool:—
" From Bahia we have received advices this morning to
the 23d instant ; they are gloomy, both politically and com-
mercially ; and the letters received also this morning by a
vessel in ten days from Rio Grande, are also not satisfactory.
" Here business is dull, owing to flat advices from Europe,
and our coffee prices must give way.
" Stock is very flat, and any heavy sales could only be
effected at a considerable reduction. The amount of the new
loan that the Minister of Finance will declare necessary to the
Chambers (prorogued to the 30th of September) is variously
reported from 6,000 to 10.000 contos, and as he holds 3,000
contos of the old loan, there are buyers at the nominal quota-
tions of 81. This morning a new issue of 1,557 contos were
made at 9 per cent. per annum, brokerage included, which is
better for the capitalists than Stock at 75. The exchange
was 27i a 4, and Spanish dollars, 1,770 a 1,780."
Adviccs have been received from the Cape of Good Hope
to the 30th of August. The accounts from the eastern fron.
tiers are held to be more favourable, because the Lieutenant-
Governor, Colonel Hare, is considered to have adopted every
means to conciliate the Caffre chiefs ; neverthele's, we per-
ceive from these accounts that the custom of cattle-stealing
was not wholly abandoned by the Caffre tribes. A new joint
stock company, intitled the " Shipping and Landing Asso-
ciation," had been brought out at Cape Town, and all the
shares were immediately subscribed for, but we do not fluid
that the merits of this institution are at all explained.
The Governor-General had recovered his health, and the
Lieutenant-Governor was daily expected in Cape Town, on
his way to England, on leave of absence.

PO ST.—The determination of the Bank Direction to con-
tinue the late existing rates of interest upon discounts and
loans until after the payment of the January dividends, has
had the effect of creating some degree of steadiness in the
value of money both on the Stock Exchange and in the open
Commercial Market. The only opposite feature to this is,
that the Continental Exchanges have shown a further dispo.
sition to decline. . .

The British Funds are rather firmer, though without much
business, yet the public appear inclined to take up Stock,
making it rather scarce.

DUNSTANVILLE MEMORIAL.

(FROM OUt OWN CORRESPONDiNTO

On Wednesday a Meeting of the Subscribers to the Fund for
perpetuating the Memory of the late lamented Lord de Dun-
stanville was held at Pearce's Hotel, Truro, for the purpose
of taking into consideration the appropriation of the surplus
fund.
Among those present were Lord Boscawen, who presided ;
Sir Charles Lemon, Bart., M. P. ; E. W. W. Pendarves,
Esq., M. P. ; W. T. Praed, Esq., M. P. ; E. Turner, Esq.,
P. ; E. Collins, F. Rogers, G. W. F. Gregor, J. S.
Enys, C. Carlyon, H. Willyams, W. Tweedy, W. Reynolds,
W. Warren, S. Davy, J. Baynard, R. Davy, W. M. Tweedy,
and W. Davy, Esqs. ; the Rev. Canon Rogers, &c. &C.
Mr. W. M. TWEEDY, the Treasurer, stated that the sum
invested in the Three per Cent. Consols was 2,6301., the pre-
sent interest of which was 791. 10s. annually; and there had
been 152/. accumulated interest. Th'e balance in the Trea-
surer's hands was 81. Is. Bd. ; besides which, there was nearly
1007. due on outstanding subscriptions.
E. COLLINS, Esq., then moved that the resolution of the
Committee, which recommended the application of the surplus
fund to the granting of 10/. annuities to miners past labour,
either from disease or accident, should be affirmed. "
The motion was seconded by the Rev. Canon ROGERS.
Sir CHARLES LEMON then moved an amendment in favour
of the formation of a school for teaching those sciences neces-
sary for millers.
A long and interesting discussion ensued, in the course of
which Canon ROGERS admitted that Lady Bassett (the daug.h.
ter of Lord de Dunstanville) was in favour of some annuity
plan.
This being the case, Sir CHARLES LEMON immediately and
very handsomely withdrew his amendment, observing,
with a view to ascertain how far there is a real demand for
such instruction as I have proposed, I will take on myself the
expense and the responsibility ofthe ' for two years.
If I should find experiment
offer
rd ea a
reasonableth , elhiodopwe
otfhpeerianisattilteunteioen. inAspcahrt
,_on considering the details, that the plan offers
a reasonable prospect of success—if at the end of the two
" That
years the county should take up the subject, and carry it on to
which my family have derived from the mines, I feel that I
can give back to them in that form,without doinginjustice to
any one."ao fw thaty wealth

This announcement met with loud applause.
After a vote of thanks to Lord Boscawen, and some other
ormal busincis, the meeting separated.

A notice in last night's Gazette announces that ar
plication will he made to Parliament in the next Session for an
Act to n:alte a btTnich railwNv from the Great Western R."-
t4a3 Si,,tigh to Witichor., dis,Alice is onk
aid at present the tiicea). of iii;iters t'rcan Cockaigt.o if the; (h)
not choose to walk, may ride thither per omnibus
per head. at sixpence