The Sun.
London, England, 1838-12-18 00:00:00

MONEY AND CITY NEWS.

(FROM THE MORNING PAPERS OF THIS DAY.)
TIMES.—Some flatness was caused in the Exchequer-
bill market to-day (Monday) by an incident which, unless
it is explained, or found to originate in some mistake at
the Treasury, is likely to influence it still more. An in-
dividual, it seems, offered for sale a commercial bill for
8001. of the class issued by the Government in aid of
public works of various kinds ; but on examination it was
found that it bore interest at the rate of lid. per diem
only, instead of 2d, which is the usual rate for such bills.
No notice of any reduction having been given, and this being
the first of the kind that the jobbers had seen, an impression
arose at first that some secret manoeuvre was intended
at the Treasury to bring forward bills of a lower deno-
mination, and to try the strength of the market. This
was thought, however, so unlikely in the present state of
money and of the notorious wants of Government, that it
was soon abandoned. The only offer the party who held
the Bill could obtain was 10s. discount, the usual quotation
for commercial bills being 103. or 123. premium, which he
refused, and proceeded to make a tender of it to the Bank,
where, under some agreement, express or implied, with the
Treasury, such bills are usually taken at par. He was re-
ferred to the Bank broker, and it is understood that he
has also met with a refusal there, owing to the novel ap-
pearance, as before described, which the bill presents. It
has most probably arisen from an error in filling up one of
the old printed forms, when the rate of interest was at lid.
per diem, instead of the new ones.

C HRONIC LE.—Money continues to be rather in de-
mand, but not to an extent to occasion any uneasiness, or
any material change in the general state of affairs, and the
appearance of the Money Market altogether is, in fact, no-
thing more than what it usually presents at this period of
the year, when discounts are curtailed, and every prepara-
tion made to close the transactions of the year. Consols
closed at 931 to for the opening, and Exchequer Bills at
63 to 65 premium.

This was settling day in the Foreign Market, but it was
unattended with any peculiar feature, and everything
was adjusted satisfactorily. There is very little change
to notice in the quotations. Spanish Active was last
marked at 16k to 161 ; Portuguese Five per Cents., 29 to
291 ; ditto Three per Cents., 19 to 191 ; Dutch Five per
Cents., 1002- to 1004 ; ditto Two-and-a-Half per Cents.,
541 to 54i; Belgian, 991 to 100 ; Brazilian, 771 to 78 ;
Colombian, 251 to 26 ; Mexican, 22} to 23 ; and Peru-
vian, 161 to 171.
No business is going on in the Share Market. Bir-
mingham, old, left off 77 to 79 prem. ; ditto, new, 231 to
241 prem. ; Southampton, 44 to 45 per share ; ditto, new,
19 to 20 prem. ; Great Western, 10 to 11 prem. ; Leeds
and Manchester, 18 to 20 prem. ; North Midland, 1 dis.
to prem. ; Brighton, 31 to 31 dis. ; Blackwali, 21 to
21 dis. ; Greenwich, 161 to 164 per share ; Birmingham
and Derby, 10 to 8 dis. ; and Gosport Junction, 11 to 2i
prem.

POST.—The English funds were not quite so well
quoted again this morning upon the opening of the mar-
ket. Parties seemed to be speculating upon the course of
policy which the French Government may presently think
fit to pursue in the affairs of Belgium, anu which will pro-
bably have been indicated by Louis Philippe in his speech
to-day on the opening of the Chamber.
This was settling day in the foreign funds. The differ-
ences arising upon the transactions of the last fortnight have
been of very trifling amount, and they were therefore dis-
posed of without difficulty. The dealings for the end of
the month did not prove of much importance, but prices ge-
nerally were rather more favourably quoted in this market
towards the close, which was attributed rather to the ope-
ration of the Account than to any other cause.

LAW IN TELLIGEN CE.

COURT OF CHANCERY, DEC. 17.
SANDYS V. WHATLEY.

This was a motion to set aside an order of the Vice.
Chancellor, which required the plaintiff, who is the Rector
of Wiseton, in Gloucestershire, to give security for the
costs of the suit, on the ground that he misdescribed his re-
sidence at the time of filing his bill, and that he was now
living out of the jurisdiction of the Court.
The LORD CHANCELLOR thought that the order must
be discharged. From a balance of the statements made in
the affidavits, it appeared to his Lordship that the plaintiff,
although he had been travelling, was not out of the juris-
diction of the Court at the time of filing the bill, and that
there was no misdescription in saying that he was of Wise-
ton, when it was admitted he held the rectory of that parish,
although he did not reside in the parsonage. The order of
the Court below was, therefore, overruled.

NANNEY V. WYNNE.
This was a motion to discharge an order of the Vice-
Chancellor, directing one of two suits to be stayed. The
plaintiff is an infant, entitled to large estates in Wales. Sir
Watkin Wynne, Mr. Mostyn, and Mr. Stanley, the Secre-
tary of the Treasury, are the executors and trustees of the
father's will. Some delay having taken place in the settle-
men of the affairs of the deceased, a bill was filed by Mr.
Fisher, the maternal grandfather of the infant, for an ac-
count. Shortly afterwards another bill was filed by Mr.
Hughes, as next friend of the infant. An answer has been
put in to the second suit: and a decree taken for an account ;
but no answer has been put in to the first suit, and Mr.
Hughes accordingly finding that no progress was likely to
be made in it, obtained an order to have it stayed.
The order of the Court below was affirmed by the Lord
Chancellor, but the case stands over until the pleadings in
Mr. Hughes's suit are awarded.

V ICE-CHAN CELL OR' S COURT, D sc. 17.
BAGOT V. BAGOT.
_

This was a motion for a receiver of estates in the coun-
ties of Hereford and Monmouth, of which the plaintiff,
Mrs. Bagot, was tenant for life to her separate use, and
that the receiver should pay Mrs. Bagot the amount he
should receive until further order. Mrs. Bagot filed this
bill, by Sir William Pilkington, her brother-in-law and next
friend, to give effect to her marriage settlement, against
her husband, Mr. Bagot, and her trustees. In consequence
of some family dispute, the trustees would not concur in
the appointment of a receiver, and Mrs. Bagot's Counsel
now proposed that Mr. William Baker, who was one of the
trustees, and was also the solicitor of her next friend,
should be appointed receiver, he undertaking to give the
usual security, and to act gratuitously.
His HONOUR made the order sought.