The Sun.
London, England, 1841-04-01 00:00:00

MONEY MARKET.

SUNDAY, M Ancn 14, 6 P.M.—The steamboat
from Boston takes her departure for England on
Tuesday; to-morrow will consequently be packet
day with the merchants. Yesterday there was
but little doing in sterling bills, and the rates
remained nearly the same, 61 a 71, or 4,74
dol. a 4,78 dol. In French bills there was an
active business doing at 5,30 f. The supply of bills
is good, and much exceeds the demand. Many of
the leading drawers yesterday declined to sell
until Monday—the descriptions of bills offering
are nearly the same. There are some Southern
bills drawn against State bonds, particularly Ala-
bama, which are limited at 8 per cent., rather
above the market rate. These are probably
drawn against the short bonds of that State, as
we believe the long bonds were all sold through
Reid, Irving, and Co. The amount of remittances
by this packet will be by no means large.
L► the stock market yesterday the sales were
not large, and some improvement in rates was
manifest. U. S. Bank rose 1 per cent., North
American T. and B. Co. 1, Harlem 1 per cent.
Sales of bills on Philadelphia 43-, Baltimore 3 to 31.
Domestic exchanges generally are becoming
worse, particularly on the West.
At Augusta, Savannah, and Charleston, the
basis ofthe quotations is specie—at the other points
the basis is the local bank currency. Savannah,
Charleston, and Augusta are specie paying points;
but the currency is much depreciated, and varies
much. At Augusta the city banks pay spe-
cie, but they have very little circulation.
The currency consists of country bills, on
which the discount varies 5,7, 16, 20, and 40 per
cent. in tire purchase of exchange, therefore,
the discount is added to the rate of the bill.
This will explain the condition of the currency
at nearly all the points, except that the local
bills are made the basis, and specie is rated at a
premium.'

The Council of 'Wilmington, Del., have re-
solved to issue shin plasters of a less denomina-
tion than one dollar.
The Bill to extend the charter of the North
River Bank to 1847, has passed the State Senate,
23 to 3.

In State Stocks there has been no material
change—the tendency is still downwards. '
The movements in favour of providing specie
means by taxation and otherwise, and to stop
the sale of bonds, for the present, seem to
be gaining ground in the different States.
Letters from Illinois state that the law
affixing the valuation of three dollars per acre on
all taxable land, and levying a tax of 30 cents
on the one hundred dollars, has passed, accom-
panied by permission to the State Bank to con-
tinue suspension for an unlimited time, on con-
dition of its loaning the State in specie
funds 200,000 dollars, in four semi-annual
payments. This information comes through
the ex-Fund. Commissioner. The State Jour-
nal of the 17th, however, states that the Senate
had rejected the Bill authorising the Bank to
suspend, by a vote of 24 to 12. The passage
of these laws in Indiana and Illinois, has not
yet raised the c.,-edit of the States. They have
both outstanding large amounts of State scrip,
which is receivable in payment of taxes. This,
of course, will deprive the State of the cash
means expected from the taxes.
The State of Massachussetts has authorised the
issue of a new stock to assist the Western Rail-
road Company, notwithstanding that a large
amount of the last loan is pledged at 90 per cent.
with the Barings.
In Pennsylvania nothing has been done, either
in regard to the banks or the State debts. The
sickness of the members.of the Bank Committee
is given as a reason for this inactivity. The cor-
rupt influence of the United States Bank is more
properly the reason ; that institution is striving
, only to gain time, without any apparent object in

view. The time is, however, rapidly approaching,
when the grand meeting of stockholders is to take
place, to receive the Report of the investigating.
Committee, which is to be made on April '2. It is
highly probable that that Report, if faithfully
made, will bring to light a mass of corruption
that will fully expose the charlatanry and poli-
tical mal-practices of the Biddle clique, and ex-
pose the mysterious connection which has existed
between that Institution and many that are now
doing business, both in this city and elsewhere,
as well as those, like the Horris Canal, that are
insolvent.

The state of the market in this city is one of
great apprehension on the part of all monied
men. The disposition on all sides is to draw in
among capitalists, and among the masses gene
rally, to hoard to some extent. There seems to
be an undefinable fear of some great event
about to happen, and all seem desirous to be pre-
pared for it. Under the influence of this
feeling, the deposits in the banks have been
much reduced_ within the last thirty days.
The political relations of the country seem to in-
fluence the markets and money affairs but in a
very small degree. No one seriously anticipated
a rupture between the two countries. The con-
stant depreciation in securities, the dread of the
news from abroad, the known rottenness of a
large number of banks in our own State as
well as those South, the precarious position of
the connections of the London houses, ivith
many minor causes, have all conspired to increase
the want of confidence that has withdrawn indi-
vidual deposits from the banks, and country
bank deposits of this State, Connecticut and
elsewhere, from the bankers; thus depriving the
latter of a large portion of their usual active
means, at a time when the constant depreciation
of stocks has caused them to be forced holders of
large amounts of inconvertible securities. Many
failures among the brokers have taken place re-
cently, some of them important.
(Correspondence of the Herald)
PHILADELPHIA, MARCH, 13, 1841.—The trans-
tions at the stock board were to a medium ex-

tent, at much the same rates as yesterday. The
difference between specie and paper is somewhat
greater, and exchange on New York has also
advanced 1. United States Bank notes are at a
discount of 20 per cent. for specie.
_ _ _

(From the New York Conimercial Advertiser
of the 15th March.)
COTTON.—The sales for the week ending Sa-
turday evening about 5,600 bales, nearly all for
export, viz. 2,500 Upland and Florida 94 a 101;
2,000 New Orleans 91 a 114 ; 1,100 Mobile 91 a
111. This morning there is a fair demand, with-
out any alteration in the prices.
FLOUR AND GRAIN.—The sales of last week
were about 6,000 barrels for export, of which
about 4,000 were Canal at 4,681 dol., and 2,000
Ohio and Howard-street at 4,50 dol. and the
latter at 4,62.; dol. to 4,75 dol.
There was one sale of 25,000 barrels of Ohio,
via New Orleans, the latter part of the week, at
4,431 dol., to be taken from the vessel.
The market for Canal, though firm at quota-
tion
is heavy.
There is no inquiry for wheat or rye. South-
ern corn is sold at 45 a 46 cents per 56 lbs.
There is no alteration in the market this morn-
ing, either as to prices or aspect.
STATE STOCKS.-1,000 dol. Indiana Bonds were
sold at 531.
EXCHANGE—FOREIGN.—The demand for Ex-
change on England is light. New York Bills
are at 7 a 8, and Southern at 61 a 7.
The tremendous storm which lashed this city
so unmercifully last Friday night, also lashed
Philadelphia and Boston.
Steamer Columbia, from Boston, arrived at
Halifax on the 4th inst. in 44 hours passage, and
proceeded same afternoon for Liverpool, with
twelve additional passengers.

IMPERIAL PARLIAMENT.

ROUSE OF COMMONS, Malta 31.

The SPEAKER took the Chair at the usual hour.
Sir A. DALRYMPLE moved that it should be an
instruction to the Committee on the Bury Inclosure
Bill to receive the petition from Mr. Upperton, pray-
ing to be heard by Counsel against the Bill.
Mr. DARBY supported the motion. . .

Captain PECHELL said if the motion was acceded
to he should ask the same indulgence for a petition he
held in his hand with respect to the Brighton and
Shoreham Railway- Bill.
The Earl of SURREY thought the question ought
to be decided by adhering to the strict rules of the
House. _ _ _ _

After a few observations from Mr. Fresbfield, Sir
G. Strickland, Mr. Bernal, and Lord Sandon,
The House divided, when there appeared—

For the motion
Against it 43
Majcir,ty
Mr. BROTHERTON moved the third reading of
the Birkenhead Gas and Waterworks Bill.

Mr. SHIEL objected to the motion, on the ground
that the all did not contain a clause, the object of
which would be to limit the profits to 10 per cent. on
the capital, and in the event of the profits exceeding
10 per cent., the surplus to be applied to the reduction
of the rates. The Right Hon. Gentleman suggested
to the Hon. Member to withdraw his motion.

Mr. BROTHERTON said that he would postpone
his motion to to-morrow.

The third reading of the Darby Gas Bill was also
postponed until to-morrow.
The Eccleshill Inclosure (No. 2) Bill was read a
third time and passed.
The Reports of the Committees on the Metropolis
Improvements Bill and the Chelsea Poor Bill were
brought up, and the Bills (as we understood) ordered
to be read a third time to-morrow.
The Bradford (Wilts) Road Bill was read a second
time, and ordered to be committed.
Lord SANDON presented a petition from Birken-
head, praying to be heard by Counsel against the
Birkenhead Gas and Waterworks Bill. .

Mr BAINES presented a petition from an indivi-
dual named Samuel Collins, against the Deptford Dock
and Pier Bill.

Mr. BROTHERTON presented a petition from
merchants and traders of Manchester, against certain
provisions in the Manchester and Liverpool Dock Bill.
CANTERBURY ELECTION.

Mr. CLIVE appeared at the bar with the Report
of the Canterbury Election Committee, which was to
the effect that the Hon. George Piercy Sydney Smythe
was duly elected to serve in Parliament for the city of
Canterbury, and that neither the petition nor the op-
position thereto were frivolous or vexatious.
Mr. BROTHERTON presented a petition from the
Manchester and Bolton Railway Company, against the
Bill for the regulation of Railways.