The Sun.
London, England, 1844-01-06 00:00:00

- 9

MONEY M.
FROM TIIE MORNING PAPERS OF THIS DAT.
CITY, FRIDAY EVENINO.
TIMES.—At the General Court of the South Sea Com.
pany held to-day, the recommendation to make the transfer
(lays of the stock and annuities the same as at the Bank, vir,,
Tuesday, Wednesday, Thursday. and Friday, was adopted.
The Sub-Governor stated, that a letter had been received (rota
Sir James Graham in reply to the address voted at the last
Court. The purport of it was, that he could not advise her
Majesty to accept the office of Governor of the Company. Thu,
deficiency to be supplied for the half-year is 4,4711. Ds. H.'
This must be paid by Government.
The commercial summary of the Calcutta Englishman
notices the great abundance of money as having led to in-
creased shipments of produce, and predicts that the indigo crop
will prove the largest ever known in the country, the estimated
quantity being t 55,000 mounds for shipment, and that of a
better quality tinsn usual. The productive powers of the
island of Java are attracting general attention, but the Calcutta
journalist expects a trial of strength with that island. A re•
duction of the transit duties through the Bhaugulpore terri-
tories had been announced in a Government notificatioe, and
had excited interest, not so much from its importance, as be-
cause it was a proof that the Government was turning its atten-
tion to the removal of commercial obstacles. Tie steam-ship
Hindostan, which left Calcutta on the morning of the 13th of
November, had on board, according to the same summary,
several parcels of silk, for transmission by the Overland route.
This, it is said, is the first instance of goods being tent to. Eng-
land direct across the Isthmus of Suez; but the example is ex-
pected to be followed, the additional celerity of the voyage
more than compensating for the extra freight of 15/. per tort.
There have also been shipments of rags to the London market,
and this opens a trade which has hitherto been monopolised by
the Italian States. Both the silk and the rags were shipped, it
is said, by Messrs. Aylmer and Co., of Calcutta.
As the readers of the Calcutta Englishman, perceiving the
indigo to be there estimated at 195,000, may think the esti-
mate has bet n misquoted here, they should be informed that,
according to a letter from the editor of that journal, 155,000
is the right figure, and the other is a misprint.
The letters from Irdia of the Ist of December. via Mar-
seilles, were received in town to-day, having come from Alex-
andria to Malta on the 27th tilt, by her Majesty's steamer
Alecto. The remaining letters, via Southampton, are ex-
pected in London on or about Wednesday next, and in all p
bability the Alecto will bring tl4m to Southampton, thl%
vessel having been ordered by Admiral Sir E. Owen to Ire
ready to start far England from Malta on the day after her
arrival.
The statement publ:shed by the Bank of France, which was
inserted in the Times of Thursday last, contained the oficial
account of its position and operations fur the last quarter, end-
ing the 26th of December, 1843. From this statement it ap.
pears that the specie in the Bank amounted to 247,230,0.50 f,
the bills discounted, including the branch banks, to 98,845,493 e;
the advances on bullion to 3,197,800 f.; and the loans on publk
securities to 5,733,7C6f.
The other side of the account shows that the amount of notes
in circulation was 232,835J:00f. ; the balance due to the Tres.
Bury
in account current 109,746,276 f. ; and the balances clue
on private deposit accounts 43,092,732 f.
On a comparison of this account with the preceding qtarter4
ending the 26th of September, it appears that there is
F.
An increase in the amount of specie of ... 2,738,4 r
A decrease in the amount of bills under discount 12,104,2
An increase in the advances on bullion of ... 929,160
A decrease in the advances on public securities of 388,200
On the other side of the account, there is F.
An increase in the notes in circulation of .. 6,717,W
A decrease in the Treasury account current of ... 21,8574,55
An increase in the private deposit accounts of ... 3,2984
The private accounts current, as specified in the total .
rations of the quarter, show an increase of 69,767,918 f. is
receipts, as compared with the preceding three months I tire
total sums received and paid on these accounts each amount to
about 39,500,000/. sterling.
The amount of bills under discount is about 18 times as lug*
as the advances on stocks, the first being 3,900,0001., and the
latter 220,000/.
The specie held by the Bank of France is about 9,700,009/s
sterling, against an issue of notes of about 9,100,000/ sterl
POST.—An extraordinary committee (for general purposes.)
of the Stock Eaehange was summoned to-day to take into con-
sideration the propriety of keeping the house open to-marrow
(Saturday) after the accustomed hour, on account of the late
notice issued by the Bank of England, relative to the time
allowed for making transfers in the stocks about to open,
namely, Consols and the New Three-and-a-Half per Cents. ;
when the following resolution was agreed to :
" Resolved—That, in consequence of the notice from, the
Bank of England, that transfers may be made in Consols and
New Three .and-a- Half per Cents, till half past two o'clock on
Saturday, the 6th instant, this house will be kept open till four
o'clock.—By order of the Committee,
(Signed) " G. W. YOUNG."
It sl.ould be observed that the preceding announcement ap-
plies only to the present occasion, the opening of the stocks
particularised falling upon a Saturday ; the public might other-
wise be betrayed into the supposition that either the Stock Er-
change or the Bank of England will be kept open beyond the
time spec:fied by the late regulations.
The broker for the Commissioners made this morning the
largest purchase he has done at all in the course of the series.
It was in the Three per Cent. Reduced market. The price
given was 9a, the jobbers generally evincing an anxious desire
to furnish the sum wanted. The quotations at the close of
business were even a shade better than what was named as hav-
ing regulate i the dealings after four o'clock yesterday.
It may be proper to mention, for the guidance of the public,
that the whole of the Funds will now be open, and that the
sales and purchases in Consols and the New Three-and-a• Hal
per Cent. Stock may be made until the 17th instant, upon the
payment of 2s. 6d. for private transfer.
The dividends will be paid to the public on Tuesday next.
SUN.—The English Funds left off steady, a limited business
having been done, as the revenue accounts will appear to-
morrow, and parties will then know what chance there may be
of a reduction in the rate of interest. Consols closed at 975 ;
Bank Stock receded to 1851.
There were very few further operations in the Foreicn
market, Spanish 'Threes closing at 30i; the Fives at about
211--, to 22 ; Peruvian for Account at 221; Dutch New Fives at
99g ; and Colombian at
The additional transactions in Railway Shares have been
*hese —Eastern Counties were 12i; Brighton, 6a; Green-
wich, 7i ; Midland Counties, 12 ; North Midland, 10; and
South Eastern, 14,1,- discount. Edinburgh and Glasgow New,
24 ; Hull and Selby, 95 ; Brighton Loan Notes, 1i; South
Western, 338 ; and Northern and Eastern, 73/4 premium.
Australasia Bank Shares were 2 premium ; and Colonial, 121
discount.
There was a general decline in the rates of the Foreign -
changes.
We have no news yet of the steamer from ;the West Indies,
rather anxiously looked for by the Mexican bondholders.
COURSE OF EXCHANGE.—(YE,STERDAY.)
Amsterdam
Ditto, at sight
Rotterdam ...... ...2 U. 12 71 Genoa
Antwerp
Hamburgh M.B. 14 0 Venice
Altona
Paris, 3 days' sight
Ditto, 3 months 25 95 .1 isbon
Marseilles
Bourdeaux 26 5 !Rio Janeiro 23
Frankfort on Maine ...122 Bahia
Petersburgh, 3 Us. ... /Buenos Ayres —
Berlin
Vienna, effec. fl. 351 lO 0 Philadelphia 44
Triste, ditto
Madrid ... 36* Foreign Gold, bars .£3 17 0
Cadiz
Bilbao 341 New Doubloons .....0
Barcelona -
Seville .. ... 36 Silver in Bars... ..... 0 4 11/

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