The Sun.
London, England, 1844-02-08 00:00:00

THE BANK OF FRANCE.

The Journal des Debats observes, that it appears from the
account published by the Governor of the Bank of France
that the increasing business which appeared to be progressive
for some years past, has, during the year 1843, been sud-
denly arrested without the existence of any of those causes
which too frequently paralyze commerce. The reduction
during the year 1843 may be termed considerable, as it
amounts to 185,000,000 out of 1,268,000,000. The only rea-
son which can be adduced for this reduction is, that more
commercial bargains have been concluded for cash in conse-
quence of the abundance of capital. The following is the
comparison between the amount of bills discounted during
the year 1843 and the two preceding years :—The commer-
cial bills discounted during the year 1843 amounted to
771,500,000 f., in 1842 to 944,000,0001., and in 1841 to
to 886,000,000 f. The amount of cash advanced by the Bank
on canal shares amounted in the year 1843 to 13,000,000 f.,
and in 1842 to 17,000,000 f. Cash advanced on Government
stock amounted in the year 1843 to 26,000,000 f, in
1942 to 35,000,000 f. Cash advanced on bullion amounted
in the year 1843 to 25,000,000 f., in 1841 to
93,000,000 f. In fine, the sum total advanced to
the Paris merchants during the year 1843 amounted to
1,083,000,000 E, instead of 1,268,000,000 f. as in 1842, and
1,212,000,000 f. in 1841. The amount of commercial bills dis-
counted in the ten branch banks established at Angouleme,
Besancon, Caen, Chateauroux, Clermont Ferrand, Grenoble,
Montpellier, Rheims, Saint Etienne, and St. Quentin, in-
creased in the year 1843 to 240,000,000, from 230,000,000 in
1842, and 186,000,000 in the year 1841. "It must be ad-
mitted," adds the Debats, " that the circulation of Bank
notes is the weak point of the Bank of France. The average
circulation in Pans during the year 1843-was 230,000,000f_
The bullion in reserve, however, composed principally of cash
belonging to the Treasury and to pnvate individuals,
amounted to 226,000,000 f. Thus the Bank issues just as muo'h
paper as it has cash in its cellars—that is to say, that the 3 d-
vantage which accrues to society as far as regards circulation
Paris is precisely null. If the Bank of issued notes as low as
100 f. in place of 500 f, and if the Treasury, as in England,
would receive those notes in payment of taxes, this recludtion
in the amount of the notes issued would not expose the.liank
to any danger, as those notes would always have a free. circu-
lation.

FoREIGN.—The private transactions in yellow llavannah
have been on a more extended scale, but holders have been
compelled to submit to a decline on previous prices of 6d per
cwt. In white there has been nothing done. To-day there
was no public sale of Foreign Sugar; some disposition was
shown to purchase yellow Havannah, and former rates were
paid privately.
111oLAMES.—A better demand has prevailed for West
India, and the rates previously established have been fully
sustained. Bengal Syrup is wanted. To-day very tine
Demerara Molasses at 27s per cwt.
COCOA.—More demand has prevailed for good qualities of
brought prices, h however, e
per r, have
cwt.
Nsreat sltnadnida.
good Sa
e
Foreign at full rates, but little inclination has been shown
to
buy inferior kinds ;
damaged African
and tine red at good prices.
I COFFEE.—West India of clean quality has met with read
buyers by private contract for home consumption, and stiffer—_____
BUSFEILD FERRAND, ESQ.—An action has, been
rates paid. This afternoon the home trade were less desirous commenced against this gentleman, we believe at 'the in-
tostance of the Anti-Corn-law League, on account of te speech
purchase Ceylon Coffee; 65s to 66s for good ordinary,
being 6d per cwt under former rates; Company's Java taken
he recently made. The action will be tried at the tnsuirig
in at 48s for good, and 50s to 52s for fine ordinary yellow ; assizes.—deeds Times.
African bought in at 545, and 300 bags of Costa Rico at 57s , A greater number of wild geese have passed over
for middling dark coloury. the fens within the last few weeks than in any former year
TEA. —A good demand has been experienced for all de- for some time past, an indication 'either that the frost la a set
scriptions of Tea, and the rates paid have been id per lb in severely in the north, or that these birds have the
above those
of the lazt public sale : common Congou for cash wondrous faculty of prognosti,ming its approach.—lpg, '-ich
Eipress.
has realised lied to llid,•good common 13 to is Id; Twan