The Sun.
London, England, 1857-10-15 00:00:00

Tag JERROLD TESTIMONIAL.

TO THE EDITOR OP THE SUN.
Sin,—As Mr. Blanchard Jerrold has, thrOugli
your columns, preferred against me the seriollo
charge of a " gross breach of faith in giving Mr.
Dickens permission to publish a letter without the
consent of ray clients," pray give insertion to nag
statement that I gave Mr. Dickens permission to
use my letter in the way ho has used it, not onli
with the consent, but by the expressed wish of nl9
clients, whose names I inclose, to whom my lettet
was written, and who are gentlemen who have
kindly undertaken the office of trustees to 24r0'
Jerrold.
Mr. Blanchard. Jerrold is not my client. fli6
groundless charge against me I shall not furtlaet
notice.--I am, &c., W. H. ASHURST.
6, Old Jewry, London, Oct. 14.

SIGNS OF WINTER —The Ulverstone Advertiser mays.;
"Ou Monday morning, Scawfell, Helvellyn, and Bowler
were capped with snow. The swallows are off and 01
are the lake tourists. Northern divers have appsareub
on the lakes, and the robins have attached themselves
to their favourite cottages."
There was an absence of commercial failures of all
rest importance. A report was widely circulated ye'
terday afternoon of a very heavy stoppage at Manche!:
ter, but it was wholly discredited among all the leadielo
firm. conrected with that place. The house of Alllel
and M'Kerrow, Scotch warehousemen, and also that 0„,
Mr. W. B. Webt, wholesale haberdasher, were stated to
have suspended there, but their liabilities are not scP
et'.:
posel to be very great. In London the failure has b
notified of Messrs. Scarratt and Partington,
warehousemen.

MONEY MAR,KET

AND
CO Ii INTELLIGENCE.

CITY, Two o'CLocK.
Letters from Liverpool mention that the Cotton
Market;; yesterday closed quietly, and prices were
unaltered. The sales amounted to 2,000 bales.
The Railway Share Market was flat, and values
Were still declining.
At the Indigo sales held yesteriay 707 chests
were sold, 230 bought in and 801 withdrawn.
Fine Bengals maintained the advance of 2s. per lb.
on July but defective descriptions were easier than
on Tuesday. The dry-leaf Madras was chiefly
withdrawn. In two days 1,391 chests have been
sold, 753 bought in, 1,381 withdrawn, 3,525
passed, 7,988 remain, and 11,513 are declared.
The present situation of the Money Market, and
the losses sustained through the interruption of
trade with America and India, as might have been
anticipated, are occasioning numerous small failures
among the commercial community. With one or
two exceptions, however, they have not hitherto
been of importance, and although several ad-
ditions may yet be made to the list of failed
firms no alarm is felt for the general stability of
credit. The elevation of the minimum to 7 per
cent., with the probability of further protective
measures by the Bar.k necessarily mates a little
embarrassment ; but the prudence generally ob-
served, and the precautions already taken, will
avert these calamities, which, under other circum-
stances, might have occurred. Those houses which
have been brought down by the stoppages iu Ame-
rica, could not have foreseen the panic and
its effects, and owing to the intimate rela-
tions between the two countries, and which
have been greatly increased through the
recent alterations in the tariff, such a collapse as
that experienced on the other side would naturally
exert a sympathetic influence here. These casual-
ties may be said, therefore, to have been unavoidable,
so far a,y our merchants and manufacturers are con-
.
cerned. The difficulty found in procuring accom-
modation will also place many weak firms not en-
gaged iu the American trade in an awkward
position, but their disappearance from the
Mercantile world would perhaps benefit trade
rather than otherwise, since even greater houses
might be sustained through their continuance in
business. Besides some firms in the provinces,
Messrs. Scarratt and Partington, 'woollen ware-
housemen, of London; have succumbed, and their
liabilities aro supposed to be heavy.
The half-yearly meeting of the Recife and San
Francisco Pernamipco Railway Company was held
to-day—R. Benson, Esq., in the chair. The chair-
man] introduced the report, which briefly states
that the works were proceeding, and the line
expected to be opened by the 2d December, the
anniversary of the birthday of the Emperor of
Brazil, when a discussion took place, in which
several complaints were made of the slow progress
of the works, but the chairman replied satisfac-
torily. The report was then adopted. From the
accounts, it appeared that the balance in favour of
the company was 96,596,1701. in England ; and
the MITI already expended on the works, 342,000/.
The Directors of the Bank of England were not
long in consultation this afternoon, and they have
not found it necessary to announce their intention
of imposing any new measures of restriction. Al-
though this meeting was looked forward to with a
general feeling of anxiety on the part of the 'com-
mercial interest, an impression seemed to prevail at
the last moment that the establishment would
be enabled to contend against the pressure
without having recourse to further restrictive
measures. This step having been determined upon
there is now a quieter feeling pervading all depart
muents of business and the Funds show a tendency
towards improvement. The demand for money,
which has lately been very seriously increased, is
now likely to relax, and during the next few days
some relief will no doubt be experienced.
The Funds from the commencement of business
have exhibited increased firmness, and much of the
excitement lately noticed has subsideJ. Mean-
while, however, there is a sensible diminution of
speculative enterpise, the operators preferring to
await the receipt of further advices from Ame-
rica and India before committing themselves to any
great extent. Two failures have been announced,
but upon the whole the settlement has passed off
with less embarrassment than might heave been ex-
pected, considering the nature of the recent opera-
tions and the numerous changes in values. Con-
sols for money have been 88 to 88k, 884, and
8844, For the 10th prox. they were 88t The
present quotations are 88 to 88k, and 88i re-
spectively. The New 3 per Cents. are 87 to 87k,
and the Reduced 86i to 87i. Exchequer Bills are
firm at 9s. to 4s. discount. The Bonds are 98, and
India Bonds 295. discount.
In the Foreign Market also the quotations are
firmer, but business continues dull. Turkish 6 per
Cents. have been 874 to 88, and the 4 per Cents.
are steady. Some of the other securities are as
follows :—Chilian 6 per Cents. are 102 ; Mexican
3 per Cents, 191 g ; Peruvian 3 per Cents. 54 ;
Spanish New Deferred 25i ; and Peruvian dollar
bonds 54k.
The following are the nominal prices of Foreign
Stocks : Grenada Deferred Bonds, 5 6 ; Mexi-
can, 19 19i ; Peruvian 4i per Cents., 76 78 ;
ditto 3 per Cents., 52 54; Portuguese 3 per Cents.,
43 44 ; Russian 5 per Cents., 105 108 ; ditto 4i
per Cents., 95 97 ; Spanish 3 per Cents., 40 40i ;
ditto New Deferred, 24i 5i ; ditto Certificates, —;'
ditto Passive, .
The last week's railway receipts, ascertained up
to this day, are in round figfires as under :-
1857. 1856.
Great Western £28,850 £30,580
North-Western
South-Western

25
St.
20
St.
at.

20
20
10
St.

,
-srighton 16,936 16,893
Midland
South-Eastern
Great Northern
Lancashire and Yorkshire 23,988 22,449
Bristol and Exeter 7,357 7,722
Chester and Holyhead
East Lancashire 6,376 6,576
Lancaster and Carlisle
Manchester Sheffield, and Lincoln 11,922 10,093
North Stafford
North-Eastern
Oxford, Worcester, and Wolver.... 4,725 4,340
Edinburgh and Glasgow ....... .... 6,230 5,843
Glasigow and South-Western
Scottish North Eastern 3,415 3,200
Grand Trunk of Canada
Great Western of Canada 11,037 14,096
Great Luxembourg
A. moderate business was done in the Railway
Shaye Market this morning, and prices genera.ly
were rather firmer. Great Northern, North
British, and North Eastern Berwick, advanced 10s.
Lancashire and Yorkshire and Oxford, Worcester
and Wolverhampton ss. ; Caldonian, Eastern
C )unties, North-Western, and Midland, 1/.
Edinburgh and Glasgow, Brighton, and one or two
others realised former quotations. The foreign
and colonial lines were at advanced values. Paris
and Lyons improved E. ; Lombardo-Venetian 108. ;
Grand Trunk of Canada, ]l. ; Great Western of
Canada 10s. ; and East Indian, 1/.
In Mines, Banks, and Miscellaneous shares not
more than half-a-dozen transactions have been
reported and prices exhibit no material alteration
from previous values.

BRITISH FUNDS THIS DAY AT ONE O'CLOCK.
( From the Officzal List:)
S per Cent. Reduced Annuities P.usiness done.
87 6/ 7
por Cent. Console Annuities,,,.''.'."."''' 88 iB74hBi
New 3 per Cent. Annuities.,,,,*********** 87
heeds £lOOO ************
• ')itto, under £1000..................... 2O d
Co sols for Acconnt,
88ti
Ertheciner Bills, 20
£I000
Small
Exchequer Bonds, 1858, 34 per Cent._
Ditto, 1359
PRICES OF FOREIGN FUNDS AT ONE O'CLOCK,
Chilian Bonds, 6 por Cent lO2
194 Lixican 3 per Cent
19i
Ditto Account
Peruvian Bonds, 4i per Cent
Ditto 3 per Cent 5l
Sp+niEh bonds, 3 per Cent.
Ditto New Deferred, 3 per een'.
Dltto Account
'lUt&u.b cunds, c' per cent
Ditto Account B7i 8 ri
Dividends on the above payable:in London.
Peraviau•Dolhr Bonds, 4 per Cent.
TWO O'CLOCK.
gi
88R

Conaola, thaney ...
Consols account....

18 i
20i
100
100

24
20i
100
100

20
20
20
20

foreign journal" says Pays,
that the Serdar Murad-Mirza tendeivourod, rafter
" es
the evacuation of Herat, to excite the Persian
army to revolt, in order to raise himself to power.
Information, which we have received from an
authentic source, enables us to affirm that this ac-
count is "entirely unfounded. The Serdar Murad-
Mina arrived at Teheran on the 11th August and
:was received in the kindost manner by the Shah,
and nothing has taken place which could cause his
fidelity to be suspected."

" A

St.
St.
St.
50