The Sun.
London, England, 1841-01-26 00:00:00

MONEY MARKET, Dsc. 27.

The weather yesterday was very inclement, and but little out
door business was transacted. At the Stock Board there was some
depression : United States Bank fell per cent. ; Vicksburg ;
North American Trust and Banking Company ; Delaware and
Hudson ; Harlem ; Long Island I ; Stonington 1 per cent.
Sales of Indiana s's 73i ; Ohio 6 per cents. 96k; bills on Phila-
delphia 1 die.; Baltimore la IA; New Orleans 14 dis.
A sale of Union Bank Stock was made at New Orleans, Dec. 16,
at 19 'a 20. On the same day 30,000 dollars specie arrived from
Matamoras.

In relation to the Wayne County Bank, the Albany Argus has
the following:—

The notes of this bank being no longer redeemed by the agent,
are selling at a discount of 124 per cent., and in some cases probably
much larger. The Comptroller is authorised to raise money on a
six per cent. stock for the redemption of these notes at par.
We recently gave a statement of the trade between this country
and France, in reference to the future policy of this Government,
in regard to the tariff. While the attention of the dominant party
seems turned to narrow restrictive measures, with a view only to
raise money for present expenditure in the intercourse be-
tween this country and the old nations of Europe—a large and
lucrative business with other nations is about to be thrown away
for want of encouragement. It has been the policy of Great
Britain always Ito encourage the new and growing markets for
her manufactures in countries, the natural products of which she
excludes by high duties. This has been brought about by the
immense loans she has made to such countries in their necessi.
ties. The actual transfer of the capital so loaned has been
made in the shape of manufactured goods. This, within the last
three years has been the case in regard to this country, to the
extent of more than 10(1,000,000 dollars, while our flour and grain
has been excluded from her market. For many years the same sys.

tem has been pursued in regard to the Brazils. England has sent
to that chuntry nearly 5,000,001) dollars of coton goods,
while its coffee and sugar have been almost prohibited
from her markets by high discriminating duties in favour of the
British Colonies. At the same time the United States have sent
scarcely $500,000, whila they have taken nearly one-third of the
coffee exported from Rio. The result has been that exchange is
heavily in favour of England and against the United States, lead.
ing to a constant export of the precious metals from this country to
the Brazils. This has caused a great derangement in the finances
of Brazil. She is now in the London market for a new loan of
•,000,0001., to be applied to arrearages of interest. The facility of
borrowing in the London market has seriously injured her, while
the British manufactures have profited by it.
The course of an irredeemable paper currency, united with the

facility of obtaining loans in England, have plunged her into nearly
inevitable ruin. At the same time she is possessed of almost

boundless resources, which, if properly applied with a sound cur-
rency, would render her one of the most prosperous of nations.
The population of the Brazils, according to the best authorities, is
1,400,000 inhabitants, or 2,400,000 free persons and 2,000,000
slaves, and the area of the empire is 288,000 square leagues. The

debt is as follows :
Foreign debt due in England ~£6,000,000
Internal

Total funded debt £9,756,000
Circulation of Bank paper
Annual interest due abroad ... £loo,ooo
. _ _

Deficit of revenue for the last two years, 16,560 con-
tos, or
The constant depreciation of the currency, and the increasing
foreign indebtedness, have produced an enormous exchange in fa-
vour of England. The cost of production in this country is an-
nually about •20 per cent• higher than in England, and the effect of
an increased tariff will be to increase the cost as much more under
our present system of currency. This will effectually exclude our
manufactures from the foreign markets, and leave a clear fold to
the English producers. It is only with a cheap currency and a per-
fectly free trade, that the Eastern producers can thrive. A few
years of a steady and low currency, would enable them entirely to
supplant the English not only in the Brazils, but the Chinese and
other foreign markets. The existing treaty with the Brazils will
expire in one year, and a new one should be formed on the Ameri.
can reciprocity system.
RATE OF SALES AT THE STOCK EXCHANGE.

50 shares U. S. Bank opg

00 do. Del. and Hud.

.25 30. N. Am. Trust ...
25 do. D. Dock Bank

091
s6O 60

36 do. Mcch Bkg Ass

844

10 do. Seventh Ward Bk
10 do. Vicksburg Ilk
:!5 do. Mohawk It
01 do. Paterson It
24 do. Boston and Prov
100 do. Stonington It

10
69%

2~

50 do. Harlem it

100 do. L Island 11
25 do. Canton Co blo 2.. q
SECOND BOARD.

10 do. N. A. Trust...
25 do. Canton Co -1i
20 do. Ilailem It
SALES AT PHILADELPHIA, SATURDAY, SECOND