The Sun.
London, England, 1842-05-20 00:00:00

NAVAL INTELLIGENCE.

- -
PORTSMOUTH, MAY 18.—Sailed on Sunday, from Spit-
head, the troop-ship Resistance, 42, Commander Patey,
having on board detachments of the 23d Fusileers from
Chichester, fur conveyance to Quebec, whence she will
return home with the 56th regiment. It was previously
intended that the Resistance should take out from Al-
bany Barracks the regiment for St. Helena ; but they
will now be conveyed thither by the transport, Aber-
crombie Robinson.
The steamer Styx, Captain Vidal, has gone to Ply-
mouth to receive final orders, to proceed to the Azores
for the completion of the survey of that coast.
The Comas, 18, corvette, Acting Commander Davies,
proceeded on Saturday to Chatham to be paid off, hav-
ing been in the West Indies nearly five years. Her
former Commander, Evan Nepean, is promoted to the
rank of Captain. The Pilot, 18, Commander Ramsay,
Was left at Bermuda, and will be in England in August
next.
The Crocodile, 26, Mr. Elson, Master, is to proceed to
Spithead from Plymouth to embark troops.
The brigantine Spider, Lieut. Pym, is daily expected
from Chatham, on her way to the Brazils, to serve as a
packet between Buenos Ayres and Monte Video.
The Malabar, 72, Captain Sir George Sartorius, is
ordered immediately from Plymouth, to proceed to the
South American station, and will sail about the 20th
instant.
The Philomel, 10, gun-brig, Commander B. J. Sullivan,
will be ready to proceed to the Brazils on surveying ser-
vice, about the sth June.
The new sloop Albatross, 16, has been commissioned
at this port by Commander R. Yorke. She is 481 tons,
and 105 feet long, and is a sister vessel to the Bittern.
The Madagascar, 46, left Sierra Leone, for Cape Coast
Castle, on the 20th January, all well.
The surveying cutter Sylvia, Commander Sherring-
ham, is nearly ready for service.
The following steamers are building at this dockyard,
namely, Scourge, Centaur, and Beelzebub.
It is reported in the naval circles that Rear-Admiral
Charles B. Ross (who has just returned from thz. Brazils),
will have the Superintendency of Portsmouth Dockyard,
in July next, vice Bouverie.
The Daphne, 20, Captain Milling, is gone to Stangate
Creek, to complete quaratine, and thence to Chatham, to
he paid off.
Rear-Admiral the Hon. D. Bouverie is acting Com-
mander-in-Chief, in the absence of Admiral Sir. Edward
Codrington, G.C.8., on temporary leave.
In arbour—St. Vincent, Victory, Winchester, Satel-
lite, Albatross, Excellent, Royal George Yacht, and
Echo.—Brighten Gazette.

CITY NEWS.
MONEYCHHON MICLEA.—RMKoneEyTis asntt, lill in demand on the
Stock Exchange, but the extreme pressure which was
experienced during a considerable part of yesterday has
subsided. It is difficult to account for this sudden de-
rangement of the Money Market, and various causes
have been adduced. Some parties say that the general
prospect of the coming harvest is unfavourable, and that
a c)
s corn. Others
say that the payments to the Exchequer, on account of
the revenue, under the new system of collection sweeps
inteora rberaleiptofro triotnheo fpuorucrhflasoeat oi
request considerable nfgroreicapital has been ino.
_
the markets just now for Bank notes, and keeps the dis-
the country are
oannedy above ten
district re-
ceivers of taxes had "a ride" of their collections for a
which they lent
cndoaoiyti .
sn.t
now houses uorsreemismebrialt
Formerly
ee
c,
it
the
eso s thetuasme
p thedi collectorsstpr iubbul
tiiconrms
gbard-street, which
mth(e'llirtloarnceevse,nattleiraesey
thus was always well supplied with moue
mroatnetsh,s,indLourinn
money for short loans,
a source of supply now very considerably curtailed.
Others maintain that the demand has been occa-
sioned by an aroaching revival of trade upon the
strength of the new tariff, through
remittances
for the
importation of foreign cattle and provisions. . These in-
genious prophets of corning prosperity, however, are
clearly shooting 1-eyond the mark; as it is not by any
means probable that the money would be remitted for
such purposes until the tariff has become law. The more
prevalent opinion in well-informed quarters, and that
which seems most reconcileable with the circumstance's of
the case, is that the scarcity of money, which so sud-
denly sprung up on the Stock Exchange, was occasioned
by the operations of the great Insurance Companies,
who were losers by the great fire at .Hamburgh. These
Corporations have always a considerable amount of their
assets invested at call, or on short loans, to meet emer-
gencies, and it is supposed that they have felt it expe-
dient to call up a portion of their so money i
lent to remit
to Hamburgh. •
There have been no sales of Stock by the public to
account for the enhancement of the value of money, and
taking all things into Consideration, the most likely cause
of this change in the Money Market is -the calling up of
loans by the Insurance Companies.