The Sun.
London, England, 1834-03-08 00:00:00

THE FUNDS.-(THIS DAY.)

CITY,:T WELVE 0' C 0 he
Our arrivals this morning are—the French mailL , with
express from Paris, and accounts from Lisbon, in five days'
at
Portsmouth, by the Royal William steamer, stating that _
fighting had taken place since that of the 18th, and that tfl_e..
Pedroites were compelled to bestow all their attention on.roll,
tarem. It appears that Miguel's forces are in
and equal in strength to those of Pedro. that De"
According to the above information, it appears t by
Miguel is now bidding defiance to the army of Don hit
taking up a position outside of Santarem, and, up to th
dates, they were looking at each other. It is evident that
Don Miguel must be stronger than was anticipated. 500
The Royal William is come to take out to Lisw---
Belgians.
Consols, which left off' yesterday at 91 34 % for the Ac,
count, opened at 91 % ; Spanish 311 to • Portugu- e
661 3i—was done at 65 %, and got up again to 4 w 661. 1
A letter from Lisbon of the Ist inst , is as foil": ;,;o
twarnicte you in haste, to state that there • is nothing o'
e from the army, nor any political news."
HALF-PAST °NB.
h The Captain of the Royal William steamer, from Lisb7;
as arrived in town, and confirms what we have previoueeln
good condi 1
stated, that nothing of consequence has taken Place betwover
the contending armies before Santarem. He has broughtns
a number of the dissatisfied troops of Don Pedro, the priso to
Lisbon being cleared of them. We should not be surprised
hear soon of another attack from Don Miguel.

The Pike is next pact exct.
Consols ha vethe been during
themorning at 9111
buyers and sellers, with little doing. . b a roc'
Portuguese stock has been done at 65f ; since wine .0,
tion has taken place, and they are at present 6611; SPani
311. 1. Alternate),

In other foreign securities nothing doing.
0 CK
THREE O'CA-
Console for the Account, 911.

Mr. Clifford, the news-agent of Inner
Free-
Temple-lane, has received a letter from Sir Franc"

ling,
Sir —w of hich the following is a cow-- a„t to
" In answer to your !a ter of the sth just, v u
the Duke of Richmond, I am requested to aalusin'el,:d
that the official privilege of the clerks of the roadsl%,,ril
newspapers will cease and deterrhine on the sth of "i
next.—l am, Sir ,your obedient servant,
" F. FREBLING."„
pie.laoeicsi
‘l,‘ TxoF IVOIrR.DCIFiff
EorsdT,
INvewAsLA......gentT, IhnenegrrTaenrnd smu
wei,
festival, to celebrate the installation cf the Duke of "the
lington, will take place about the 106 of June, LIS,.
most magnificent scale, and will continue for four
431.0
Active preparations are now being made, and.
rin'A' illibri,
the vocalists already engaged are Madame Carad° -er.
Mr. H. Philips, and Mr. Machin, the eminent bats: render
Every exertion will be made by tie committee,
the celebration grand, to do honour
cation. 3
The Marquis of Lansdowne entertained,
large party at dinner yesterday, at Lansdowne route,
Berkeley-square.
The great failure in New York adverted i°
for
yesterday is that of S. and DI. Allen, brokers, f
5,000,000 dollars, besides which we have accounts ..
the failure of Cephas Miles and Co ,general rnerchen'"
and agents, of the same lace for
000,000
dollars. In all there have occurred, ncludieg tb°l6
above-mentioned, eleven failures in New York, three-in
~,, ,n
Philadelphia, four in Boston,money one in Salem, and nm
to so
Glocester. None of them, taken separately, oil a. '
large
an amount as those referred to above, but they sre
, Pit
on a large scale, and in the aggregate do not fall' ),
bably, to ttltrstrious oc-
much short of 20,000,000 dollars. The calsni
it, but Abe
cessarily exposed them to the tirst shock of
re corns:
merchants and shipowners and manufacturers ha
true
in for a large share of its effects. In foraing.nam.nd
judgment of a crisis like this, it must be borne 1 . 11.,
that at such a time the failures do not necessarily ITp_id
insolvency, for in fact most houses which are most
pressed upon in so tremendous a difficulty, or
muse
impossibility, in realizing assets of any kind' when
stop payment, though it may turn mitt is ti.
matters return to their natural state, that tbelloed,
large surplus in band, after all claims are Bab% will
Until this occurs, however, much anxiety and
whose trade
deo
rehen.
prevail as to the result. A very general miesliPsrbiebt
sion exists here relative to the rate of exchange' but the
being at 98, is described as 2 per cent. below Par; being',
par of exchange between New York and Londor Weer
in effect, about 108, the exchange is 10 per .ceT.eate of
par. In considering the possible action of th.'den, we
things on America in the moneyed interest of,Lon see-
do not find that much apprehension as yet exists..eeion of
ral houses are making preparations for the trap
that from
bullion to New York, and it is calculated ,t 1; „ed in
500,000 dollars to 1,000,000 dollars will be sufs'en in•••
the course of next week, but in other roll° of tbe
fluence is apparent in the general transaetilit more
money market. The shock is likely te be '°,,,rirtb moo
seriously in the manufacturing districts of the,e- cotter'
England, and more in the woollen than in tu nenieg
commercial enterprise to that quarter.
trade. It fortunately occurs, however, that the c, dog
in a degree &Del
of the trade with China, now near at hand, is wrjrbich
may more than compensate for the blow it has °tie. 'off
in the United States, and thus avert all material ini
from this country.—Times

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