The Sun.
London, England, 1841-10-06 00:00:00

Naik4

EVENING SUN

MONEY MARKET and CITY NE WS.
FitoM THE MORNING PAPERS OF THIS DA]'
Ti AI —() of the ohs,,rvations made lar't
the house of I,,r:is by the Duke el Wellin*,ll touched f
-upon that vulnerable point in our financial sptem,
which arises much of the embarrassment which the
Whigs, unable to deal with it themselves, have liancted
_.
over to their successors. His Grace said that 2,5_00,000/.
" was not the only deficiency ; there was a large wool!!
of arrears to be' provided for by some means or other.
Nothing can be more culpable or more mischievons.than
the course pursued of late years, of limiting the effort
the cur-
to the meeting the estimated deficiency
rent year, and making no provision to cover the ar-
rears, which, unfortunately, are- not a .subject of "
out
ho
esti-
mate" merely, but a matter of certainty, and all.
suffered to accumulate with as little concern as
the final settlement of them were put off for ever. Any
merchant or banker who pursued such a system well':
soon be ruined, and though that cannot well happen to
a country so rich and powerful as this, .the injury Ott,.
results front it is by no means of a nature to be despise!:
One great aggravation of the evil, however, is the foß',.
in which the public accounts are kept, which exhibl •
only the excess or deficiency of the current year, all
do not bring forward the deficiency of the years that
gas
past. If his Grace, who now holds no office, and .
more time probably at his disposal than any member;.e.i.
the Cabinet, would direct his powerful mind to arel n
ganization of the. finance accounts, and to the inost),
into them of some of that order by which his owe 1-3.
nagement during his great military campaigns, was •
tinguished, he would confer a service on the colluder
and on the Administration to which he belongs, ber.l3
all price.. it
POST.—Money was more in demand to-day talli the
has been, but no particular cause was assigned for 09
change. It is, perhaps, in part attributable to the c•
made within the last day or two upon the banking ini;.;
rest for the increased accommodation needed by O
good at,
chants in order to make their monthly engage
maturing on the 4th. But several failures here, is
the Continent and elsewhere, have taken place, and ";,
not unlikely that this may have had its effect in a 111,1ci
considerable degree. A woollen house at Iluddersi'!_a
is named as having stopped payment for a large stun, "",
which will, it is supposed, entail' heavy losses 11PC.'
firms in the same line of business at Leeds-and s
other parts of Yorkshire. The stoppage of
first-rate Spanish house, at Lisbon, that of
pus, Garcia, and Co., with liabilities to -111:140
150,00 d, is also announced. This is begot
affect English interests to a serious amollet*n--
American firm carrying on business at Antwerp,'a". in
active correspondence with one of the first ,house.
London of the second class, has likewise been unaee
necessity of suspending payment. A firm in this
in the Mediterranean trade, but one of less import4iii
is said to have been reduced to a like extremity ;
two others, in the tallow line, have so far comproo"f._
their credit as to require the temporary indulge Me •
those to whom they have come under acceptance, -o.,aa
mand the result of which has vet to be ascertained, 1"--rst
which would appear to be quite uncertain. Theth-eil
case of all is that of the respectable and long-estl",4.-'
banking-house of Halford, Baldock, .and Co., of CaeAr-,
bury, drawing on the London establishment of itlea"i
bed
• .
Prescott, Grote, and Co. This Kentish firm has •
compelled, from causes at present not stated, to close be,
doors, and the fact, when a knowledge of it came
~,t4110.,
obtained, had a visible influence on prices at the P!''',"!.
Exchange.
beell
SUN.—The increased pressure for money that has Aug
felt since Saturday, coupled with the expectation' To
the payments for the New Stock will be completfts*
early as to bring it upon the market before the Jou";
dividends become due, has caused some flatness ie'
English Market. The failure of a private bank at,,„‘''';;
terbury, besides one or two minor stoppages in- din, 6.w-
departments in the City, has occasioned rather a git '
feeling, which the somewhat improved accounts from dr
verpool can hardly counterpoise. For present tranaw.
Consols realise 891- to 89, and for Account 89 to 89i
The market closed rather heavily.
Exchequer Bills were at 14s. to 12s. premitite,,..,..-
India Bonds at par to 2s. premium. The New
and-a-Half per Cents. are 984- to s.d
Speculation in Spanish Stock has rather decrease L
the quotations are supported. Mexican Bonds re
fallen to 24! and 24i, the accounts to hand a day °l.'"-re
since being considered unfavourable. Colombian
steady at 204 to and Cuba at 67, but Braziliari
from 62 to 60, which, however, was more of a ilera.aii• h
price, only one bargain having been effected. SPll,t
Actives were at 23 to -4, and Portuguese Three re:
Cents. at 19 to 1. Dutch Two-and-a-Half were 511.,rie,
The business done in Shares was limited. a
Brighton have not recovered the, depression occas)7oo
by the accident ; they were 64 to 7-4 discount 11-o
and Birmingham, however, advanced to 69 •a11r.,„2
premium ; Great Western, New, were 44 preen
York and North Midland 27 premium ; And
Western 12i premium. London and Westminster Ps--
Shares were to eium.
In the Foreign Exchanges we are happy to notiee P ,be.'
arP'.
existence of considerable firmness at present, and -
was even a shade better to day. The rates were thersr
—Paris, 25f. 65c. to 70c. ; Amsterdam, -12 4Lt°
Antwerp, 12 3i- to. 11; Hamburgh, 13 101 to 11 ;
fort, 1494 and Trieste, 952 to 53.
The following are the official returns of the rtS
bullion from the Port of London for the week end"
Thursday last :
Silver Coin to Rotterdam
Hamburgh I9,E
4
Macao ,068
it
Calais
Silver Bars to Hamburgh

REMARKABLEfore
,
OCCURRENCE. on the
noon of Thursday, the 16th ult , during a very
thunder shower, a considerable 'number
-of small fiPet;fi.'
fell from the clouds, at the Town-hill, about a mile no, 0,.
east from Dunfermline. They were in general front
3? inches in length; and, although they must havell.lo-.
from a considerable height, many of them were
after they fell, and jumping among the grass.---5
burgh Courant.

--- __
PLATE.—A. B. SAVORY and SONS. 11', ado
facturing Silversmiths, No. 14, Cornhill, London (opPostoe;
Bank of England).—The best wrought Fiddle-Pattern tbs.
Spoons and Forks, at 7s. 2d. per ounce. The following sve .e.
uter ,
weights recommended, but the articles may be had HIP- '
heavier at the same price per ounce :
.c o+ ti''''
oz. sd. .",., 0 ifr
12 Fiddle Pattern Silver Table Spoons 30 at 7 2 ..• 1,1 34
12 ditto Dessert ditto 20 at 7 2 ••• ' 0 0 '
s , i
12 ditto Table Forks 30 at 7 2 10
•••
12 ditto Dessert ditto 20 at 7 2 ..• '7. 11,, il,
2 ditto' Gravy Spoons 10 at 7 2 ..• : if 9'
1 ditto Soup Ladle... 10 at 7 2 .•• u 1611
4 ditto Sauce ditto... 10 at 7 8 ... 3 e
0 -„
4 ditto . Slt
a Spoons(gilt strong) ilO eo ..,
1 ditto Fish Slice . 318 a ,t
12 ditto Tea Spoons... 10 at 7 o ••• 0 lb e
1 ditto ~ . Pair Sugar Tongs (strong) tea Or ~
N.B. A price current, stamped as a newspaper, illestlil n
drawings, and containing every information relative to the ee
P ,fe ,
chase of silver or Sheffield plate, may be hail en applicati.P... A
will be sent into the country. free of postage, in answer
paid letter.
------10 1
C. J. DENT begs to acquaint his Friend! tie,
the Public that he has just had the honour of receiving
subjoined letter from the Admiralty
(Copy.) IAl•
" Admiralty, 29th September, f her
it Sir—The annual trial of chronometers for the use notty
Majesty's Government having now terminated, I st° re orb
mended by my Lords Commissioners of the Admiralty tote fel'
you that their Lordships have directed me to purchase t 00
lowing chronometers at the various prices specified against
respectively, •iz. :
Dent, No. 1,571 55 guineas
Dent, No. 1,606
Dent, No. 5,621 (pocket) 3O guineas eh the
" Their Lordships having been pleased, in order to ni7onelli
superior performance of 1,571, to assign to it a proportt
enclosed price to that usually given.
"I am, Sir, your most obedient servant, " 1..
" F. I3EAUFORT, HydrogNlP
"To Mr. Dent, Chronometer Maker, 82, Strand. to t°
Out of 80 Chronometers, by various Makers, suhienof the
the late trial by order of their Lordships, the choice Oa
above three, with two selected for the Niger Ex
others, enables Mr. Dent to affirm that he believes he 1109 r OP
year supplied their Lordships with more Chronometer,
_Oll ~..
use of the Royal Navy than have been furnished to tlin '
any other Maker. pedition' tbli
t it I
It affords Mr. Dent additional pleasure to state titonote.'!
to their Lordships' high recommendation he owes the.4o. A,. '''
having made a Gold Chronometer, presented to the -r . ' ,4
pedition by his Royal Highness Prince Albert. ttv
uni.,,
Wate..- A to
Dent's Lectures on Chronometers, Clocks, and
be obtained at 82, Strand, price one shilling, but preseete" I ,
customers gratuitously.
Present price of Two-day Chronometers, 40 Gttl.e.____-•••'as.