The Sun.
London, England, 1840-01-22 00:00:00

•
• -411

MONEY MARKET and CITY N E WS.

(TUESDAY EVENING.)
TIMES.—By the advices from Ilamburgli of the 14th
instant, the price of gold is 430 per mark, which, at the
English Mint price of 3/. 17s. 10,0. the ounce for standard
cold, gives an exchange of 13 7i, and the'exchange at
Hamburgh on London at short being 13. 7, it follows that
gold is 0,23 percent. dearer at Hamburgh than in London.
The premium on gold at Paris is 7 per mille, which, at
the English Mint price of 3/. 17. 10d. the ounce for
standard gold, gives an exchange of 25. 32i, and the
exchange at Paris on London at short being,2s. 271, it
follows that gold is 0,20 per cent. dearer at Paris then is
London.

The Course of Exchange at New York on London is
108 per cont., and the par of exchange between England
and America being 109 23-40 per cent., it follows that
the exchange is 1.07 per cent. against England.
A notion prevails in the city that some advance is to
be made on the rate of interest in Exchequer Bills, tho
premium on which has steitdily risen, and oontim:es to do
so. That this belief supports the price is clearly shown
by the price of India Bonds, which, though they produce
a little more in interest, aro sold at par to 2 premium, and
people would hardly select one in preference to the other
unless they had some such expectation.
The English stock-market has not been quite so firm
to-day owing probably to a large sale of New Three-
and _a_ Half per Cents., amounting to nearly 100,000/.,
but it .is said to be entirely a money operation, and the
stock sold in the execution of a will of a distant date,
which has: been delayed .by various circumstances. It
could have made no impression, but that the small
extent of business transacted otherwise gave it a tem-
porary importance. Consols are a mere shade lower,
leaving off at 901 to 91 for Money, end 91:1 to 91:- for the
Account. Money was very easy, and Exchequer Bills at
12s. to 14s. prem.

CHRONICLE.-The English Stock Market has not
preserved that firmness to day which we noticed yesterday ;
bdt Exchequer Bals have realized further advance.
Money, however, continues abundant on the Stock Ex-
change at rates se law as 3 per cent., but no improvement
has taken place in the Foreign Exchanges, which, on the
contrary, arc even flatter than they were last post. While
this is the case, we cannot expect that the'Brink of Eng-
land will realize the hopes of those who still look
forward to an early, reduction in -the rates of dis-
count.. We gave this as our opiniOn. some time since,
although it-was.then 'confidently stated that the Bank par-
lour would " relax the screw" at their first weekly meet-
jug. Weeks hare, however, elapsed since then, hilt no
visible change has taken place in the policy of the Direc-
tors ; and more weeks, we imagine, will still follow
without the long-looked-for alteration. It cannot, in
short, be rea3unably expected that those whO ha; e the
charge of the currency will depart from those restrictive
principles which they have of late necessarily pursued for
self safety, until a demand for Our manufactures from
abroad snail have produced a demand-6'r' export,,
and turned the balance of trade in our favour: If the
Bank Pirectors should make money cheap just now,
before their coffers are duly supplied wlth bullipn from the
natural reflux of trade, and not from borrowed means,
their conduct would be equally open to censure as it has
been from their having kept money at a low value in Nc-
vember, 1838, after they saw a steady and exhausting
drain set in against them •for gold. In the last-mentioned
case they erred from being too tardy in applying the screw ;
and, were they to reduce their rates of discount at present,
they would be quite as much in error by taking it off too
suon.

SUN.—The Foreign Exchanges were again heavy
thisafternoon at 'the following rates. Paris, 25f. 52c. ;
Amsterdam, 12 2 ; Antwerp, 12 2 ; Hamburg, 1:3 9,
and Frankfort, 1.59-1 1. These rates are all lower than
on last post day.
•

The. West India, China, and East India produce
markets were all brisk this afternoon. We must ex-
cept Indigo ;, the public sales of which commenced to-
day, and for which 6,700 chests have been declared ;
but of 1,240 chests which passed the sales to-day only
260 were sold at prices from 3d. to 6d. per lb. lower
than previously. Teas are held for advanced prices,
as well as China Silks.

The only bargain of importance in the Eaglish mar-
ket, after the middle of the day, was a sale of 40,000/.
Naw Three-and-a-Half per Cents., which caused a f4ll
in the quatation.from 994 •to 981. Bank Stock rent-
ised .178 to 179, and East Inuia Stock improved to
249 k. Consols closed rather heavily at 90 to 91 for
Money, and 911 4 for February.
The' Foreign Stocks were depressed. Colombian fell
to 271 ; Mexican to 29 ; Portuguese New Five per
Cents. to 33a., and Spanish Consuls to 2.52; ; the re-
maining bonds did not vary from the quotations of the
morning.

The Railway Shares were not quite so firm as :in the
morning. Toe Brighton were done at 1 1 discount
the Great Western 3t 1 premium, the new Shares at 1
discount ; and the North Midland at 13} discount.

INCENDIARISM.—We regret to state, that some
incendiary, on Thursday night last, set fire to a rick of hay,
standing in a field on the west side of the tram--road leading
from Court-y-Bella machine to Pillgwenlly. As this
felony is one against which the public in general should make
common cause, it is hoped that unremitting exertions will be
made to bring the miscreant to justice. 'The proptrty belonged
to Thomas Prothero, Esq., of Malpas Court, who has offered
one hundred pounds for such information as will lead to the
conviction of the offender. We understand tint Sir Thomas
Phillips has communicated the circumstance to the Home Se-
c ;ettry. —Monmouthshire Merlin.
In compliance with a requisition to the Mayor
signed by Messrs. Trestrail, Pring, Wilkins, and three other
inhabitants of Newport, and pursuant to notice from a large
bi I profusely placarded about the town, a public meeting of
the inhabitants was convened at the Town Hall, to take into
consideration the state of the poor, and form a committee and
appoint persons to collect donations to relieve them during the
winter. The meeting was very thinly attended, there being
but eleven persons present, including two reporter;. Mier
four or five of the individuals composing the meeting had rra-
posed each other to form a committee and act as collectors, the
meeting broke up, and we have not yet heard of their success.
CURIOUS AFFAIR.—On Thurday evening a
gig, driven by a livery servant, stopped at the station-house in
Afarylebone-lane, when a dashingly-dressed lady, about forty
years of age, alighted, and requested a few minutes' interview
with Inspector Tedman, who was then upon duty. She was
accordingly introduced,to him. and, after some preliminary re-
marks from her as to the importance of her visit, she with a
great deal of apparent sincerity acquainted him with the fact
that she was in the possession of 3,0001. a year, and that she
had fully made up her mind to select one of the police force as
a partner for life; " but," added she, "you are not tall enough,
and you will greatly oblige me by permitting roe to have a
glance at one or two others." She was politely informed that
her request could not be complied with. Having received this
information the lady quitted the place, and, being handed into
the vehicle, was driven off in the direction of Holborn, at the
same time expressing her determination to visit the various
station-houses daily until she could meet with a member of the
Lrce to her mind.

-- -
The Brighton Herald says : " The spirit of
Toryism manifested itself in its true character here last week.
Fully aware that Church-rates for any purpose are distasteful
to nearly the whole of the people—even to many of those who
profess to be Tories—the leaders of that party, secure, as they
conceive, in that system of intimidation which they exercise
over a portion of the population, and in the votes they can
always, through their influence, obtain under Sturges l3ourne's
Act, which gives six votes to the rich and but one to the poor
man—which enables women to vote, whilst the poor rate-
payer, unable to scrape his money together in time, is excluded
from the poll—aware of all these apparent advantages in their
favour, the Tory leaders demanded a poll ;,and the result was
that 700 and upwards votes were „given in favour of the rate,
and only sixty-two against it ! The fact is, that the popular
party made no exertions in the matter, and few of them took
the trouble to vote at all. "

The day of election of a candidate for the repro'
sentation of the boroughs of Pcnryn and Falmouth is fixed for
Friday next.

j i,! i .7, - k
/ .
f,..
.:.‘,,.,. /..:/t. ~/.} . 2...,:,..---. 1..-•—f.4 yl," -"Ai ~e-.----6. /
.4
~,.-
tilE V If; N'tilkr(lr'4-::',E to ITT 04 \T , IA- KH:-
CORN-LA Ws. 'ff ' t-=---=
..e; ok ,
_.........:...._:_.
it,,;:t•_...1 '
TO TIIE EDl7'Ol? OF TIIE SUN. i,,-- 7: -:
Sift—Talc:og a deep interest in the- .abolitiou ot'tWo•
Corn-laws, and being most anxious to put you in :po-...
session, first of the. daily Lordort pastors,-of the racetNe(4(
~_ A-. I
held n the '.("qtv6-4iall at S eirock i'-'II ici.4,- foltilk9'
. ~ . , -., ‘...), •f.
repeal of, these obnoxious laws, f oroceed to give ye” a -
shOrt detail. At 3 o'clock, or little after, the flail wits
pretty near.full, and irons appearance,‘ a goodly :number 1
Of the Physical Force Chartists had in,astered to over- I
turn the business of the meeting.. Baiiill Wilsz)" was
proposed and a:potted. to fill. the Chair Iry the Ant:-
Corn-law repcalers. A Mr. John 131101am:in Far, then
proposed and seconded by the Chartists. Tl,'e mason
given by them was, that lie was a worthy man. ..upon
a show of bands Bailie Wilson was carried bv -) t.,1 1.
When the Chartists saw themselves thus defeated at the outset they gave very little more opposition, except-. i
ing one of their h aders, who said, that some of the sig-
natures to the Requisition had been forged, and that ht, 1
held documents in his hand to prove it. Mr. D. It. i
Andrews, writer, and Procurator Fiscal, who
imide a I
powerful speech in favour of an alteration of the Corr- '
laws, said, that this was not the place to discuss it, but
he would as Fiscal gave their all assistance in prpving
their assertions if they called on him. Mr. Andrews I
gave rather a severe castigation to those persons
who
would not allow any petitions to be sent to Parliament
complaining of their grievances, unless wha.. by sonic
was called the Charter Crochet, was included in it ; anti
that the right of public meetings called for specific pur-
poses should be put down by thosa who themselves
claimed eqUal rights. He showed it in another form. If
any persons were to go into their Charter meetings and
stop their proceedings, they would be the first and
loudest to complain. The petition was agreed to, Mr. J. C.
Colquhoun, M.P. for the borough, was proposed to pre.
sent it to the House of Commons, and Lord Fitzwilliam
to the Lords ; the latter was carried without any oppo-
sition, but the meeting were not . sure that Mr.
Colquhoun would support it. Latterly, it was agreed
that he should be allowed to present it on the under-
standing of supporting it, and if he would ti,-;t do so
it was to be given to R Wallace, Esq,, M.P. for
Greenock. This
.is the first petition from the town of
Kilmarnock (as a town) that Mr. C. has been requested
to present, and it was done, I think, by the meeting to
encourage him, as the Member for the borough, in well
doing. A vote of thanks was given to the Chairman,
and the meeting broke up, peaceably, at a quarter be-
fore 4 o'clock. Considering all things, it was a most
orderly meeting: Papers are to lie in the Town-ball
for signature and to be sent through the town.
P.S.—I may further state that Mr. J. Buchanan was
the same person who last year was carried by the
Chartists as Chairman, against the Anti-Corn-law meet-
ing, in the Relief Chapel.
Kilmarnock, Jan. 18, 1840.

:4341p

} -`
n
~~ ~ ~~: