The Sun.
London, England, 1844-11-08 00:00:00

MONEY MARKET and Cll'Y NE-WS:4*.!•,-
FROM THE MORNING PAPERS OF THIS DAtii\:,: c----\‘:-'4•*--
CITY, THURSDAY EVEN ;#l4,‘ -i-
-11, .ALD.—As might have been anticipatad, a tomi-4-.J J..
progre,4sively taking place in ;.the d \,(l c.
siderni7le chtnige is
discount business in the City. Formerly the Bank-cif ~
knlac in that category '
England opened discount SCCOULL tS tiedWinile houses ~
:Tec,ll,l favour conferred
only in special cases, and to be
towed an oblige-
might rather be considered a
the Bank
by the Bank, than that the customer lib.'
.in cases -
tion on them, by giving them his imaineb.:-- Many per-
sons had, therefore, drawing accounts with
that could obtain no discounts, and it was only
of emergency in the Money Market that they dep,.?xted.
from that rule. The Bank of England is now, bowsur,•
a competitor for business with the other banks of the
metropolis and the large discount houses, and they are
no longer so fastidious about the position of parties,.
provided the paper presented for discount is considered:.
satisfactory. There is much less ceremony also in the
modes operandi, the bills being taken or refused most
frequently off hand at once, instead of be'ng detained
some time for consideration, as was invariably the former
practice. The present terms for first-class meeantile
paper, it is already known, are at present 21 per cent., •
and on these conditions the Bank has greatly extol 'led
their operations within a month past.
The other banks, joint -stock and private, are naturally'
feeling the effect of the competition, but it is cutting in ,
still more directly on the Lombard-street discount
houses. There is one point of difference which gives
the Bank of England a preference even when the rate of
discount is a small fraction higher. Parties make sure
that their paper will not be hawked about or exposed to
other persons, or run any risk of being passed off in
re-discount. There are other banks, it is true, in the
metropolis, who strictly adhere to the same rule, but
confidence that they will not deviate from it is not so
generally established. At present the rate of discount;
on first-class bills, falling due within the present year, is
from 21 to 21 in the market, so that the increase of the
business of the Bank of England is a proof of the pre-
ference above alluded to.
We understand that the greater part of the gold which
has lately been withdrawn from the Bank of England has
been the operation of the banks of issue in the provinces,
This is the result of the restriction of the issues, these
banks requiring an additional amount of money, pre-
ferring to take out gold, in order that the Bank of Eng-
-10,0 notes may not become too familiar in the circula-
tion of lbe neighbourhood. The policy of this is easily
seen throlig::, and we believe is one of the results fore- -
seen by the Prt?
pier to extend the metallic base of the
currency. .
TIMES.—We mentioulAd a few days ago the rumour
that the Bank of England y; as going to charge a corn-
mission for transmitting money y*? different parts of the
country by means of the branches. AT: is understood that
this measure has been definitively deo. `lam on at the
Court Court of Directors held to-day, and it is oposed that
the plan will come into operation within a foal:ight. No
details have as yet transpired, but in charging the com-
mission a distinction will probably be made in the I:'ite,
according to the circumstance of the person who make.s
the payment keeping or not keeping an account. Tho
measure forms another instance of the determination of
the Bank of England to assimilate their operations to- •
those of the private bankers.
A report having been circulated that the Spanish Go-
vernment has created and clandestinely issued (or has
contemplated issuing) a large amount of Three per Cent.
Stock beyond the amount required for capitalising the
coupons duo on the Active stock to the end of 1840,
Senor Borrajo, the President of the Spanish Finance
Commission in London, has addressed a letter Olated the
sth inst.) to Mr. R. Thornton, the President of the Com-
mittee of Spanish Bondholders, in which, after expresigY
stating that there is not in circulation nor in reserve 11
single Three per Cent. bond for which equivalent has
not been given in coupons, he adds, to avoid all misun-
derstanding, that not a single coupon belonging to the
Spanish Government has been converted, but that the •
conversion has related exclusively to the stock in the
hands of individual creditors.
SUN.—Consols closed firmly at 1001;1 for Money and
Time. India Stock fell from 288 to 2861. The Three per
Cent. Reduced were 991 1. Exchequer Bills were 655.
prem.
The Foreign Investments generally supported their
value. Spanish Actives were 2411 ; and the Deferred,
15 to i. Portuguese Converted brought 551 to 56-
Chilian were 101 ; Chilian Deferred, 53 ; Belgian, 102;
and Dutch Two-and-a-Half per Cents., 621 i.
The additional transactions in Railway Shares have
been these :—Bristol and Gloucester were 91 ; Cam-
bridge and Lincoln, it ; Chester and Holyhad, 1 ;
Churnct Valley, 11 ; Ely and Bedford, 1 ; Great
Southern and Western (Ireland), 5 ; Kendal and Win-
dermere, 3/ 1 ; Lancaster and Carlisle, 3 ; Birmingham,
1131 • Croydon, 21 ; London and York,} ; Manchester
and Leeds, Half, 16 ; Newcastle and Darlington, 281 to
271 ' • Sheffield and Manchester, 17 ; South-gastern, 9 ;
1
York and North Midland, Scarborough Branch, 27 ;
Ditto, Selby Scrip, 59 ; Boulogne and Amiens, 2 -,
Paris and Orleans, 191 ; Paris and Rouen, 191; and
Paris and Strasbourg, i premium. Eastern Counties
have been 111 discount. London and Westminster
Bank Shares were 61, and Union of London, 21 1 prem.

COMMERCIAL NAVIES.
The Austrian Lloyd publishes the following statement
of the commercial navies of the European states:-
States. Ships. Tonnage. .
Great Britain
France 13,845
Russia
Austria
Prussia
Hanover
Mecklenburg . .
Hamburg+.
Lubeck
Bremen
Holland
Belgium
Norway and Sweden 5,450 ,.. 471,772
Denmark
Spain
Portugal.
Sardinia
Roman States
Two Sicilies
Lucca
Tuscany
lonian Islands
Greece
Turkey

NEW LIVE-BOAT.—THE KAMTTULICON.—Yester-
day morning a large number of ladies and gentlemen
assembled at the wharf of the Elastic Pavement Com-
pany, in the Commercial-road, Lambeth, to witness the
launch of a new life-boat, the invention of Lieutenant
Walker, R.N., F.R.S. The boat, which is destined for
the service of the Belgian Government, is composed
principally of cork and India ribber, the gunwale, keel,
seats, and fittings being of wood. She is 34 feet long
and 12 feet wide, end is 4 feet deep in tiip midships from
gunwale to keel ; she is fitted with four victualling-
boxes, and 10 air-boxes, covering an area of about 19
feet by 10 feet, which may be fitted up at will Other
with air or water—with air, of course, when increased
buoyancy is required, and with water when extra ballast
is required. She is capable of holding about 50 persons,
and though an open boat, with no sails or rigging of any
description, little doubt is entertained of her capability
to live in the roughest sea, the specific gravity of the
material of which she is composed being so small that
she would not sink if full of water. At eleven o'clock
the ceremony of christening was performed in the usual
manner by a lady, who named the boat the " Kamptuli-
con." The blocks were then struck, and she glided into
the water amid the shouts of the persons assembled. On
board at this time were the crew, consisting of Captain
Sever, and twelve sturdy rowers ; Lieut. Walker, the ,
inventor ; Mr. Richardson, the builder ; Mr. Bagster,
Mr. Ancona, Mr. Braithwate, Capt. Crosier, and others,
amounting to thirty or forty individuals. She was pulled
up on the top of the tide to abreast of the New Houses
of Parliament, when she returned also with the tide to
her moorings. The trial afforded general satisfaction,
Mr. Walker and Mr. Richardson expressing themselves
perfectly satisfied with the experiment. The boat weighs
about two tons, and draws fifteen inches of water when .
her crew and passengers are aboard.
CORONER'S INQUEST.—Yesterday forenoon an in-
quest was held before Mr. W. Carter, Coroner for Ease
Surrey, and a jury, at the Globe, Regent-street, Lam-,
both, on the body of Sarah King, aged 85, for many
years a well-known mendicant in Lambeth, who was •
supposed to have died from starvation. The demised
had for the last four years occupied an attic at No. 99.
East-street, which since her death has been locked up
by the parish authorities, and the key having been mis-
laid, on the jury going with the Coroner to view the
body, the door had to be burst open. The scene which
then presented itself was of the most appalling &scrip..,
tion. The room contained scarcely a vestige of furni-
ture, not a particle of food, and was in the most filthy
condition. On the floor lay the body of the deeeased co-
vered with the rags she usually wore, her couch being
formed of an old mattress, and her pillow of potatoe peel•
ings. Johannah Pumming had known deceased for twelve,
years. She had been a mendicant about Lambeth for many
years, and was most eccentric in her habits. Between one
and two o'clock in the afternoon of Wednesday a young.
woman living in deceased's house came and told witness.
something was the matter, and on going to her room shoo
found her on the floor with her head lying under the
table. She was quite sensible, but was unable to speala
or take some hot coffee which was offered her. Mr,
Wagstafl; one of the parish surgeons, attended on being,
sent for, and tried to administer medicine, but she could,
not take it, and died at seven o'clock the same evening..
Mr. Matthew French Wagstaff, one of the parish sur-
geons of St. Mary, Lambeth, deposed to being called in
to see deceased on the day in question, and that she was
lying on the floor apparently paralysed, and in a dying
gsa tneadnt
tc:.
ventricles
ea
lltyrle iheleheaasldtohsfyi
tn,
hcbeeudt
brain,etahtehr eae
n‘xv
daa ms ihnee d
serous
samet he
fluidab po
pdi
enya.
the
ha
enl
etv
eewsii
the region of the head and pericardium. There was the
appearance of very little food in the stomach ; bat,
taking all the circumstances into consideration, it was his
opinion that death had been occasioned by the accumu-
lation of the serous fluid alluded to. Verdict, "Died
from natural causes."

TILE GAME Laws.—A policeman, about half-past
threo o'clock in the morning of yesterday, saw two men
leaving Uxbridge, and knowing them to be suspicious
characters, they having been several times convicted of
offences, he watched them for some time, and eventually
questioned them, and, their answers being most evasive
and unsatisfactory, he took them to the station-hou3a.
There was-found in the pockets of one a gun, such as is
used by poachers, taken to pieces, and a bag of shot, and
on the other a powder flask, containing a quantity of
powder. The Uxbridge bench fined them in the full
penalty of 5/. each. In default both prisoners were com-
mitted to hard labour in the House of Correction for erg)"
. month each,