The Sun.
London, England, 1835-05-22 00:00:00

THE FUNDS.-(THIS DAY.)

CITY:TWELVE O'CLOCK.
The extraordinary panic which took place yesterday in the
foreign market, of a description scarcely ever remembered, and
which caused a fall of 124 per cent. in the Spanish Bonds,
from 642 down to 52, and Spanish Scrip was done at the
Coffee-houses in the city in the evening at six per cent. dis-
count, would lead the public to believe that Don Carlos was
at the very gates of Madrid, at the head of a large army.
The following are the opening prices of the Foreign Funds
this morning. The panic still continues, with a very gloomy
market. Belgian, 1012; Brazil, 844 5 ; Chilian, 48:1- 9i
Colombian, 392; Danish, 772 ; Dutch 2} per Cents., 572 ;
Mexican, 39 40 ; Spanish Bonds, 512 2 ; Spanish Scrip, q
to i discount ; Portuguese, 954; 3 per Cents., 63 64.
Consols left off yesterday at 511 .1- for the Account ; opened
this morning at 91/ i• for Money and for the Account.
Our arrivals this morning are few, one Flanders and
French mail, with ship letters from the east.
The greatest excitement prevailed this morning in the city
to ascertain the opening prices in the Foreign market. At at
early hour the house was crowded. At first they were al
sellers, and no buyers. At length the prices were made a
low rates, and the fluctuations took place with a perpetual mo.
tion, which is still continuing.

HALF-PAST ONE.

The panic which prevailed again this morning in the Fo-
reign Market was to a greater extent than yesterday, for, at
one period, between 11 and 12 o'clock, there was a general
pause in the market. Not a broker or jobber would open his
mouth to purchase, and the market was at a complete stand-
still. Spanish Bonds have receded since yesterday morning
15 per cent.—from 64i down to 49. Spanish Scrip about
11 per cent.
The express from Madrid this morning had the effect of
improving the Spanish Bonds from 50 to 54k, since which a
re-action has taken place, and they may be quoted at present
53 ; Spanish Scrip, 4 disc. ; Portuguese, 974 ; 3 per Cents.,
67 ; Colombian, 414; Chilian, no offer ; Mexican, 401.
Consols may be quoted at present 914 for the Account,
and for money 91 4. Exchequer Bills lower, 26 23 ; India
Bonds lower, 5 prem. ; Bank Stock, 213 lower.
No further arrivals.

THREE O'CLOCK.

Consols for the Account, 91-
THE FUNDS.—C
BRITISF
Bank Stock 012,4
3 per Cent. Red 9,.1%
3 per Cent Cons (M,
'3•S per Cent.
_ _

USING PRICES.

FUNDS.

India Stock .256
Ditto Bonds
South Sea Stock
Ditto Old Annuities
Ditto New Annuities

ai per Cent. Red iI6A
New 3y per Cent 993s
4 per Cent. Assented
Dissented
Long Annuities to expire
Jail 1560 l6 12-16
Cct 1859 —
Jan. 1860 l7 1-16 1
FOREIGN FUNDS.
Austrian, 5 per cent — . Portuguese Bonds, 5 per cent.
Belgian, 5 per cell'
Brzzilian Bonds -
Buenos Ayres. 6 per cent QS Russian Bonds, 5 per cent. _lO9
c
Clidian, 6 per cent 4'.l . Ditto, Metallic
Columbian, 6 per cent
Ditto, 1823 3) Ditto, !tat
Danish - French, 5 per cent
(:,•(•,.' Bonds, 1825,5 per cent. , Exchange
51exied„, i-,,,„„- ~,.,„, , l-,.--,-, — , French, 3 per cent. t. —c.
Ditto, 1825, 6 per cent
Peruvian, 6 per cent

Ex. Bills, 10410/...,
Ditto 5001 24 pm,

Ditto sUttl 2t pm.
Batik Stock for Opg.
India Stock for Act. '2s(i
Consols for Act.

MR. CIIILDS, OF BUNGAY.—A large meeting
was held at Providence Hall, 22, Finsbury-square, last even-
ing, when several spirited resolutions were agreed to—in which
the meeting expressed its indignation at any attempt to inter-
fere with another man's creed, and declared that Ecclesiastical
Courts are both anti-Christian and unconstitutional—anti-
Christian, because employing farce where persuasion should
be used; and unconstitutional, because the Judges and
the Juries in those Courts consist of parties specials!,
interested : a resolution embodying a declaration of sympathy
with Mr. Childs was agreed to—the resolution expressing the
conviction of the meeting, that the madness of the clerical
enthusiam, would become the means of destroying clerical abo-
minations ; and that, in this point of view, the imprisonment
of Mr. Childs will be attended with the best possible effects.
MONEY MARKET, THURSDAY.—This has been
a momentous day at the Stock-Exchange, and though it is
hoped that the evil does not lie so deep, can only be compared
in its incidents with the convulsion which shook the Markets
for Foreio n Securities in 1823 and 1825. So great a decline
has, indeed, rarely occurred in one day even at those periods.
The shock has been felt in Spanish Securities in a far greater
proportion than the others, and the situation of Spain seems
to be, in fact, the foundation of the general alarm, aggravated
by the great pressure for money which has prevailed for several
days past. At the same time it is not easy to state specifically
in what particular circumstances the public apprehension rests,
for the events which are known certainly do not justify it,
though they furnish grounds for much distrust as to the future.
The suspicion at the Stock-Exchange is, from the persevering
way in which large sales of Spanish Stock have been effected
by particular parties, that matters are known to them which
are as yet concealed from the rest of the speculators. Hence
none of the great capitalists seem to have had the courage, as
they generally do when such important interests are at stake,
to place themselves in the breach, by coming forward to sup-
port the Market. It rallied of itself three or four times in the
course of the day, but this only served to encourage new sales,
and prices fell back uniformly in a greater degree than they
had risen. At the regular hour at which business closes at the
Stock-Exchange, the panic was more violent than in the pre-
vious part of the day, and many of the brokers remained long
afterwards engaged in making such bargains for their prin-
cipals as circumstances would permit, but it happened
frequently that the jobbers refused, as buyers, to name
any price for Spanish stock, and generally a difference of from
from one to two per cent., was made between the_ price at
which they would purchase, and that at which they
would sell. The Royal Exchange was nearly as full
throughout the day as it usually is during the regular
hours of business, and 'people were collected in groups, eagerly
questioning each other on the causes of the alarm which pre-
vailed. The prospect of any success, however distant, 'on the
part of Don Carlos, was the feature of the news dwelt on with
the deepest apprehension, because he has placed under an in-
derdict all the stock created by the existing Government,
which' would therefore, in the event of his ascending the
throne, be placed in even a worse situation than the loans of
the Cortes under Ferdinand. Those who do not anticipate a
final triumph for Don Carlos, which seems, indeed, a highly
improbable event, find yet cause sufficient for much uneasiness
in the prospect of the overthrow of the present Government at
Madrid, and the strugggle which must afterwards ensue be-
tween the Constitutionalists and the Carlists. The decline in
Spanish stock and in the Scrip was about 11 per cent. in the
course of the day ; but it was very difficult, near to the close
of the market, to obtain any correct report of the quotations.
The fall in Portuguese stock has been abput 4 per cent.";
Colombian and Mexican the sanie:—Morning Paper.