The Sun.
London, England, 1841-08-05 00:00:00

MONEY MARKET and CITY NEWS.

FROM THE MORNING PAPERS OF YESTERDAY.
TIMES.—The premium on gold at Paris is 6i per
mille, which, at the English Mint price of 31. 178. 10id.
per ounce for standard gold, gives an exchange of 25.31,
and the exchange at Paris on London at short being
25. 37i, it follows that gold is 0.26 per cent. dearer in
London than in Paris.
By advices from Hamburgh the price of ,n•old is 428
per mark, which, at the English Mint price of 31.175. 'Old.
per ounce for standard gold, gives an exchange of 13. 61,
and the exchange at Hamburgh on London at short
being 13. 611, it follows that gold is 0.12 per cent. dearer
in London thin in Hamburgh.
The course of exchange at New York on London is
10631 per cent., and the par of exchange between Eng-
land and America being 109 23-40 per cent., it follows
that the exchange is 1.08 per cent. against England. But
the quoted exchange at New York being for bills at 60
days' sight, the interest must be deducted from the above
difference.
It has been expressed as a matter of surprise in many
quarters, that the late sales of stock, including as they
did an amount very little under 200,0001., and followed
as they were in the one case, and preceded in the other,
by news which, taking it from either source, America
or China, could not be viewed as favourable to this
country, did not more severely affect the market than
they have done, and the negative impression, for such it
is considered to be, is accepted as very good evidence of
the state of things produced by the concentration of
business in the English funds. Taking a review of the
fluctuations that have occurred, it does not appear that
their range is more than one-half per cent., even up to
to-day, and some allowance must be made for the change-
able state of the weather, which generally causes capi-
tal at this season of the year to be diverted to another
channel of speculation. Such an inconsiderable depres-
sion as this, caused by a succession of circumstances
which would in former periods have produced, in all
probability, a fall of 1 or 2 per cent., naturally calls at-
tention to the main spring of so steady, progressive, and
increasing a support to our own funds, and it is pretty
generally admitted to be the absence of all speculation
in the foreign securities and the decrease of it in the
other departments, which of course leads to the trans-
acting of bona fide business only. This has been a
long while predicted by those who have watched the
current course of events in the Stock-markets., L,I,A it
seems they have not been mistaken. late advices
respecting the M'Leod affair 'iv? not produced any
uneasiness in the country, if v;'_. may judge from the very
few orders the brokers have received to sell upon the
news. Although
the present, and more especially to-
day, there is partial flatness exhibited in our Funds, it
is tixr:.gtit it will be but temporary, and if the transitions
of the last few weeks are to be taken as any criterion, the
opinion cannot be ill-founded. Money for all purposes
is abundant in the Stock Exchange at low rates, but out
of doors it is not over easy, although it cannot be said
that there is any great difficulty in obtaining accommo-
dation.

Accounts from Manchester state that Messrs. Stocks
and Son, the large manufacturers, have suspended for
between 70,000/. and 80,000/. It has had no effect here,
and would be regarded as of little consequence were not
sympathy awakened for the further distress which it
will occasion among the operatives, a great number of
whom will be thrown out of employment in consequence.
The Crane packet, from the West • Indies, brings
papers from Jamaica to the 2d of July, from Trini-
dad to the 22d of June, from Barbadoes to the 27th
of June, and from Demerara to the 24th of June.
It will be perceived that the accounts from the
latter island are but one or two days later than
those published yesterday ; they, however, convey
the name of the firm which had failed, namely,
Messrs. Troughton, whose connections here in London
stopped some short time since. The athices from
Jamaica are of the same desponding character as pre-
viously noticed ; the lists of insolvents are beyond pre-
cedent, and the whole populatian seems to be overpowered
with commercial embarrassments. The crops at Barba-
does were suffering from excessive drought., and there
also the planters and merchants are said to be in
jeopardy. The news of the proposed revision of the '
sugar duties had gone the round of the islands, and the,
papers are filled with comments on the subject.
The particulars of the case tried at Bombay, in
which one of Captain Elliot's Treasury Bills was
involved, are of considerable commercial interest.
The defendants were the agents of Messrs. Dent
and Co., .to whom the plaintiff, a native merchant,
had consigned 200 chests of opium, the defendants
having made him an advance of 72,115 dollars, for which
he drew a bill on Dent and Co., payable to themselves.
He instructed them to invest the surplus arising from the
sale of the opium, after payment of the bill, in Sycce sil-
ver, Mexican dollars, or in specified securities. The
opium, which arrived safely in China, was among that
sold to Elliot to complete the number of chests ha had
engaged to deliver to Commissioner Lin. Dent and Co.
took bills on the Treasury from Captain Elliot, and wrote
Ito the plaintiff, giving an account of the sales of the
chests, and informing him that for the balance (after de-
ducting the amount of his bill) they had sent a bill of
Elliot's, amounting to 5,385/. 95., endorsed to the de-
fendants, on his (plaintiff's) account. They also wrote to
the defendants, enclosing the bills on the Treasury, at
the same time suggesting that it might not be desirable
to negotiate the bills with their names upon them, lest
they might be involved in some risk, and instructing
them to send the bills to England, that the amount might
be received and remitted to the interested parties in
Bombay. The plaintiff, quoting Dent and Co.'s letter
to him, requested the defendants to deliver the bill,
which they refused to do, and the plaintiff ultimately
consented that it should be sent to London for recovery.
The bill was sent accordingly and returned protested,
when the plaintiff again applied for it, but was refused,
unless he consented to guarantee the defendants from
all liability to Dent and Co. He, therefore, brought an
action of trover to recover the value of the bill, when
the Court decided that he was entitled to recover, as
the bill represented his opium, that the defendants could
not negotiate the bill, except for the benefit of the plain-
tiff, and that Dent and Co. could not obtrude the agency
of the defendants upon him against his will. The assent
given by the plaintiff to the transmission of the bill to
London was not considered as a waver of his right, and
a verdict was given in his favour.

SHIPPING INTELLIGENCE.
(LLOYDS.

LONDON, AUG. 4.—Wind this day at noon N. to N.E.
DEAL, Ave. 3.=-Wind W.N.W. to W.S.W.—Arrived
the Inverina, M`Donald, from the River Gambia ; Lord G o-
derich, from Quebec. Arrived from the river, Warrior, for
Calcutta, with loss of maintopsail yard ; Palmorus, fur
ditto ; Duke of Roxburgh, Sydney, New South Wales ;
G. Robinson, Newfoundland ; Anouyma, Bombay ; Cata-
lina, Barcelona.
LIVERPOOL, AUG. 3.—Wind variable and light.—
Arrived the Apparition, from Monte Video and Ha-
vannah. Sailed the James Cunard, for Sydney ; Kings-
ton and Gardner, Calcutta ; Minstrel Boy, Lima ;
Lively, Brazils ; Workington, Belize ; Scalby, Tampico ;
Antonio, Leopolda, Havannah ; Scotland, New York ;
Eliza Warwick, Boston ; Seven, Alchymist, Don, City of
Waterford. Delia, and Agenora, Quebec ; Ann Johnson,
Newfoundland ; Beiram, Beyrout ; Swiftsure, Smyrna ;
Marwood, Odessa ; Reindeer, Constantinople ; Queen,
Naples ; Fairy Queen, Corfu ;- Dalares, Malaga ; Will-
o-the-Wisp, Almara. Arrived off, the Clyde, Quebec.
PORTSMOUTH, AuG. 3.—Wind N.W. to S.W.—Sailed
the Agincourt and Plantagenet, for Calcutta. Put back,
the Wellington, for New York.
COWES, Ace. 3.—Arrived the Edward, Molter,
from Rio Janeiro.

FALMOUTH, AUG. 2.—Wind 5.W.,. strong breezes.—
Arrived Actif, Raaborg, from Rio Janeiro, sailed June 5;
Buoyant, Weatherstone, Odessa ' • Great Liverpool
(steamer), Southton, and sailed for Alexandria. Sailed
-the Royal Tar (steamer), for Vigo.
PLYMOUTH, AUG. 3.—Wind N. W.—The Plym, Davies,
in working out on the Ist, got in contact wall the Wil-
liam, bound to Prince Edward's Isle, and carried away
her bowsprit ; the latter remains to repair damage.
BRISTOL, AUG. 3.—Sailed the Dachtour, for Quebec.

PORT TALBOT, Auc. 2.—Sailed the Briiliant,Alicatit.

MILFORD, AUG. 2.—The Belfast, from Clyde to Val-
paraiso, which put in here yesterday leaky, "has been
surveyed, and must discharge to find the leak.
CARLISLE, JULY 30.—Arrived the Hibernia, Wedg-
wood, from Miramichi.
DUBLIN, JULY 31 AND AUG. I.—Arrived the Barlow,
M`liellar, from Bermuda ; Andover, St. John's, New
Brunswick ; Orestes, Quebec. Sailed the Commercial,
for Quebec.
KINGSTOWN, AUG. 2.—Arrived the Tom, Coulthard,
from Quebec.
DUBLIN BAY.—Arrived a timber laden barque.
WATERFORD, JULY 31.—Arrived the John, Power, from
Miramichi. Sailed the Despatch, for Quebec.
DROGHEDA' JULY 31.—Arrived the Sister Anne, Gib-
son, from St. John's, New Brunswick.
CORK, AUG. I.—Arrived off, the Nelson, Trait, and
Prince, Lumsdcn, from Quebec.
SHIELDS, AuG. I.—Sailed the Julia, Danneman, from
Rio Janeiro ; Majestic, Margorin, Calcutta.

VESSELS SP3KEN WITH.—John Tomkinson, Liver-
pool to Batavia, lat. 34 S. lon. 74 E. ; Gerera, Dutch
Indiaman, June sth, lat. 49, lon. 10 ; picked up on the
28th May off Scilly a boat marked "Fanny, of Greenock,
T. S. Stoyle," by the George, arrived at St. Vincent.
Neuler, Sicily to Newfoundland, June 22d, off Cape de
Gatt, by the Buoyant, arrived at Falmouth. Voyage r,
Cadiz to Havana, let. 46, lon. 53, by the Athelstan,
arrived at Leith.

NEWCASTLE AND NORTH SHIELDS RAIL-
wAY.—The passengers on the 18th instant amounted to
7,400 ; and en the 25th the number was nearly as large.
On Friday a spirited rowing-match took place
on the Clyde, near Erskine Perry, between the Hon.
Lord Blantyre and the Bev. Mr. Stewart, pastor of Ers-
kine parish. The principals formed part of the rowing
company in both boats, and the match, which was ably
contested, attracted a great deal of interest in the neigh-
bourhood. Partly, however, from the want of experience
as to the turns of the current in the river, the young
nobleman was as unfortunate in the boat-race as he was
in the choice of a candidate at the late election for the
county. The minister and his boat's crew stepped on
shore the victor s over that of Lord Blantyre ; but the
kindest feelings were manifested on all sides, after the
health-inspiring exertions were terminated, both by the
on-lookers and those engaged in the match.- —Glasgow