The Sun.
London, England, 1847-10-27 00:00:00

_
25 .77i, it follows that gold is 1.18 per cent. dearer in
London than in Paris.
By advices from Hamburgh the price of gold is
4371 per mark, which, at the English Mint price of
3/. 17s. lipid. per ounce for standard gold, gives an
exchange of 13.114 ; and, the exchange at Hamburgh
on London at short being 13.131, it follows that gold
is 1.02 per cent. dearer in London than in Hamburgh.
The course of exchange at New York on London
is 1091 per cent., and the par of exchange between
gngland and America being 109 23-40 per cent., it
follows that the exchange is 0.08 per cent. against
Mngland; but, the quoted exchange at New York
"being for bills at 60 days' sight, the interest must be
-deducted from the above difference.
There has been much fluctuation to-day in the
English Funds, but the rise of yesterday has been
i maintained. Consols for money, which were
t 'noted yesterday after business hours at 82/ to 83,
pened this morning at 83 to 4. Many purchases on
the part of the public then took place, and the price
v ent to 841. After this, however, a rumour, which
1v as utterly destitute of foundation, to the effect that
the Bank had charged 12 per cent. for loans upon
s !;ock, caused a sudden reaction to 83i, at which the
narket closed. For the account Consols opened at
133 f to /, advanced to 841, and closed at 831 to
8.
In the Stock Exchange to-day the rate of interest
a vas from 6to 8 per cent. There was no excessive
mand at the Bank for money under the new regu-
at ions.
'There was a better feeling to-day on 'Change in
reg .ard to the negotiation of foreign bills, which, ge-
net ally speaking, went off fairly.
''.,Che rates for Hamburgh and Paris were lower
than last post, but no material alteration occurred for
other places.
Arrivals of gold took place at the Bank to-day
frora Hamburgh, St. Petersburgh, and other parts of
the Continent, to the amount of about 130,0001. or
140,0001.
By advices received this morning the rate of dis-
count at Amsterdam is quoted at 4 per cent., the
rate for loans on deposit being sto 5i per cent. At
Hamburgh money is easier and the rate of discount
is 54t06.
Letters from Hamburgh, dated the 22d of October,
mention the receipt of accounts from St. Petersburgh,l
to the effect that " the Emperor of Russia had given
orders to .the Bank to assist every mercbant that
might be able to prove his solvency by his books—
amongst others, the house of Thomas, Son, and Le-
fevre." In consequence of this it was generally an-
ticipated that the London correspondents of the above
firm would forthwith resume business.
Direct letters received from St. Petersburgh, dated
the 15th of October, mention business as very dull in
that city, owing chiefly to the discredit caused by the
failures here. The exchange was 38-id. to 38d.,
which would favour the exportation of gold. Flax
showed a tendency to fall, and corn was without
buyers, and the prices nominal.
From Riga also, under date the 16th of October, a
general tendency to a decline in prices is reported,
hemp being the only exception.
From N ewcastle this morning the accounts are
perfectly favourable, no allusion being made to any
continuance of the panic. The Union Bank is about
to publish a statement of its affairs.
A meeting of the creditors of Messrs. James and
William Morley, whose failure took place on the 14th
inst., was held to-day. Mr. Ainsworth, on behalf of
certain Manchester creditors to the amount of 40,0001.,
took the chair, and the following statement was read.
It will he observed that again in the present instance
speculations in railway shares constitute a prominent
feature, the result in this case being different from
that in Messrs. Gower's, where the public, and not
the firm, were the sufferers :
JAXES AND 'WILLIAM MORLEY.
DEBTOR.
X. 8. d.
To trade creditors ... 62,749 13 4
To cash creditors ... 30,558 18 11

To bills accepted for
Messrs. J. and W.
Morley's accommo-
dation ••• •••
To bills accepted by J.
and W. Morley for
the accommodation of
other parties, which
will be claimed on
this estate ... •••
To bills receivable, dis-
counted, drawn upon
parties who have
failed ••• •••
Deduct cash and securi-
ties held by bill-
holders ... ..•

To liability upon bills
receivable,considered
good ... ...

17,061 7 4

2,298 10 11

55,542 8 11

CREDITOR.

By stock in trade at cost...
By book debts, good ... •••
Doubtful and bad 3,4211. 10s. 9d. ;
estimated at ... ... ... •••
Bycash in house ... ••• ••• •••
By bills of exchange in house ... ..•
By value of railway shares
By policies on customers' lives
By improved rental of a house in Fri-

X. s. d

93,308 12 3

day:street
By bills of exchange• •
amounting to
20,4741. 2s. 2d., deposited as collateral
security for cash advances of 13,843 L
7s. 10d., supposed will realise to the
estate above the advances ... •••
By leases of premises in
Carey-lane, valued at ...£9,500 0 0
Mortgaged for ... ...£B,OOO 0 0

9,196

By furniture, fixtures, &c. ... ...
By freehold and leasehold
property, mortgaged to cre-
ditors, and deducted from
their debts ... ....£3,300 0 0