The Sun.
London, England, 1840-05-06 00:00:00

NIONEY MARKET and CITY NEWS.

TUESDAY EVENING.
TIM E S.—The recess bring over, and thelistings adze
Select Committee on the currency resumed, attention is
again very generally directed to that subject. Among
the witnesses now under examination, or likely to be so
shortly, is Mr. Richard Page, who, under the signature of
t‘ Daniel Hardeastle," has put forth more fearless, inde-
pendent, and sound writing on that difficult question tbaa
any man of the present day, and it it a credit to the Corn-
naittce, so far as that circumstance goer, to have called for
his testimony. There is some stir, it appears, among the
private country Ire,kers, in connexion with his inquiry,
caused by their having received notices from the Office
of Stamps and Taxes to render weekly returns of their
issues for the last seven years. Against the right 4
calling for such returns many of them have protested..
but have agreed nevertheless to furnish theta, being
desirous of giving all the assistance in their power to
the inquiry cow going on. It is affirmed in some
quarters, though rather rashly, as it would seem, in
so early a period of the investigation, that a majority of
the committee are in favour of a single bulk, or source
of the issue of notes, for the whole of the United King,
thorn. Even the suspicion, however, of such a bias es,
their part, has sufficed to put the Scotch Banks on the
alert, and it is affirmed that the whole of them, with the
exception of the Royal Bank of Scotland, are prepared
to resist any measure of that kind. The principal officer of
that institution, it is said, is now in London, and prepared
to advocate before the Committee the policy of a single
source of issue. The others -can only regard it as a
destruction to that system wider which they hare thrivea,
and taxed the industry of the country for so waxy
years, and they are attempting consequently, not
only to support their own case, hut to impugn befor:hand
the testimony of the manager of the Royal Back, by
alleging interested motives and a desire to secure for his,
bank the as;eacy in Scotland for the notes so issued and cir-
culated. These facts, when known, will create a lively in-
terest in connexion with the inquiry all over the country.
The natural interest of the inquiry is much increased by
the no:ion which prevails pretty geuerally, that the (pleat-
tion of the currency will be finally disposed of by it. That:
will probably be the case if the decision is what the tradirg
community expect and desire, but not otherwise. They-
will persevere until their object is attained.
There is at length a reaction to the long-contint od ore
citement in the Share-market, and the prices of all the
lines are affected more or less. Great Westent are at 21:
to 3 premium, a fail of about 2 since yesterday. South.
Western have fallen to 51 to 2 por share; Blackwell to
1 premium; Brighton to qto 4- discount. Even Bir-
mingham, which had become too heavy to share in the rise
during the late excitement, have slightly participated iza.
the reaction, and left vii' at 73 to 5 prem.
There was a strong-demand on 'Change for bills. uptillS.
Hamburgh, and the rate of exchange rather declined)*
consequence. The price for Faint. on Amsterdam anti-
Paris remained the Faroe as last post.
By the usual official return published by the -Customs.
the exportation of the precious metals from the port at
Lendon to fereign and colonial ports for the week ending
the 30th of April as as under :
Silver coin, Mauritius 6,546
Silver coin, Hamburg
Silver coin, Belgium
Silver coin, Copenhagen ' Ounces,
1,000
Silver coin, Oibraltar and Mogadore 18:007230
Silver coin, itotterdona
Silver bars, Hamburg
Silver bail, Rotterdam
Oold.coin, Copenhagen
, . .
37,006
368

Sly N .—The fiweign h
exc anges were rather henry
this afternoon. On Paris the rate %yea '23 .50 t. 52*
on Amsterdam, 1..). 1;1 ; and on Hamburgh, 13 si 9.
The funds closed rather heavily, in consequence. of
the continued warlike tenor of the news from China.
Consuls for Money left off at 901 91, and for time at
91 to Exchequer Bills were marked 28s. premium ,
being a slight advance. The New Three-and-a-Half.
per Cents. were firm at 99Z-.
The state of affairs in Spain has caused a depression
in the Active Stock to .2.8q4 and parties seem dis-
prices. Portuguese few
pose
ed
perto or_,Ternattse.
tell
thisa I'l l
aiftlernoun from 3(4- to
Frond) F!ve per Cents. were firm at 11;;
The tumble in the Railway Shares has already be.
gun, notwithstanding the assertion of our Contemporary
that speculation has had little or nothing to
do 'e
with
afternoon all the Alarm
wet e the turn lower.
(ftlh'b the late advance. This
Advises reached the City this afternoon of the 1111,
rival of the India overland mail at Paris, with datea.
iron, Bombay of the 31st March, thus bringing the ia.
telligence to within five weeks of the present day, But
few details were known in any quarter, the private lei-
ters not having, conic to hand. It i 3 expected they
will reach the City eiCy to-morrow, in which ease par-
ties will be enabled to answer their correspondence its
time for Mr. «'a horns despatch, appointed to leave
London at five o'clock to-morrow afternoon, and ex.
pected to reach Bombay about the 18th of next month.
It c~ ill he indeed vexatious if our merchants should lose
this opportunity of immediate reply ; but we have sia.
doubt front the known perseveranec of Mr. I'v'ew,bernx
that some means will be drvistd of overtaking his we
senger, supposing the letters to reach the City alter
his departure.

•
1-oeir Royal 1-lidinesses.tity Duchess of - Cain.
bridge, Prince beorge,•and the Prinees-s Augusta, attlonded by
Lady Augusta Somerset and Baron Knesebeck, konf,ured Co"
vent-garden-Theatre with their presence on 310n4r4y entibg
to ses the Merry Wires of If7ndyor.