The Sun.
London, England, 1842-12-07 00:00:00

S N

• -.-.-- ~......2-1* 1
MONEY MARKET and Cr li,-40.48.-1, , . .
-.,.. g----- , 4.
FROM THE MORNING PAPERS OR 9tS'' r-,'-,,„17it,1'
CITY, TUESDA gVXNfi',..'s, ft
• TlMES.—Although the rate of m ee; hale' sits. -
k
increased, but but still varies from two to tw enridszetirit"
on good commercial paper, an impressioil4apptliaNgajoi
prevail that the long stagnation of business is at last
beginning to give way. The dealers in money per-
ceive somewhat more of a demand than has been
lately known, though not sufficient to affect the cur-
rent rates. On the first arrival of the intelligence of
a peace with China, we mentioned the general belief
that an impulse to trade would be given by the open -
ing of new channels in the East, and there is no doubt
that the effect of this alteration of our position with
China is already perceptible among the discount
houses, whose assistance is of course now required to
carry out the business which has been revived in the
leading manufacturing districts.
-The premium on gold at Paris is 12 per mille.,
which, at the English Mint price of 3/. 17s. 100.
per ounce for standard gold, gives an exchange of
25 45k, and the exchange at Paris on London at
short_ being 25 65, it follows that gold is 0.78 per
cent. dearer in London than in Paris.
By advices from Hamburgh, the price of gold is
431 per mark, which, at the English Mint price of
31. 17s. 104 d. per ounce for standard gold, gives an
exchange of 13 8, and the exchange at Hamburgh
on London at short being 13 9i, it follows that gold
is 0.68 per cent. dearer in London than in Hamburgh.
The course of exchange at New York on London
is 106 . per cent., and the par of exchange between
England and America being 109 23-40 per cent., it
follows that the exchange is 3.57 per cent. against
England ; but the quoted exchange at. New York
being for bills at 60 days' sight, the . interest must
be deducted from the above difference.
By the official returns published by the Customs,
the exports of the precious metals to foreign and co-
lonial parts for the week ending Thursday lest were
as under : Ounces.
Silver bars to Hamburgh
Silver bars to Calais
Silver coin to Calais
Gold coin.to New York .
POST.—An Evening Paper notices the shlpment,
by the last Boston packet, of a heavy freight of gold
for the Unite l States, the estimated amount being
four or five hundred thousand pounds. The " Cet6a-
lion or diminution" of exports of British manufac-
tures, the large amount of proluce shipping in the
United States for Europe, and the consequent reduc-
tion which has taken place in the premturn on bills at
New York, arc the causes assigned fi,r this diversion
in the current of the precious metals. but a succession
of like shipments seems to be looked for, and the in-
timation, that it will be well.te watch the (gestation of
the American tariff, is net out of season. Ti e action
Of high duties on one side the, Atlantic, and of im-
proving prices in the value of the great American
staples on the other, the markets being all the while
powerfully stimulated by an abundance of money,and
other causes, is no doubt entitled to vigilant attention.
The Bank of England has too ample a supply of gold
to warrant the smallest alarm for the present; but,
under the new arrangements of the Washingtim Go-
vernment, there can be little prospect of American
shipments to Europe being paid for through any other
vehicle than the one adopted in the instance noticed.
The course of events has, in fact, been such of late
as to show, if not the necessity, at least the, expedi-
ency, of giving every possible encouragement and ex-
tension to the cotton trade of India. The policy of
America is now simply that of furnishing this country
with her products, and receiving, in return, nothing
whatever but gold or silver: and it is impossible but
the change must, in time, occasion serious derange-
ment in the monetary concerns of the latter.
SUN.—The opinion is gaining ground that there will
be a reduction in the interest iu Exchequer Bills, but
at present these bearing different rates command pre-
cisely the same prices. Sales were made to-day to
some extent, and, as was said,,on behalf of the Court of
Bankruptcy. The premium closed at a fall to 45-.
under the influence of these operations. Consols were
94 to 94/, and firm ; East India Bonds brought 42 to
46 premium ; the Reduced Three per Cents. realised
94a i; end the Bede:eel Three-and-a-Harper Cents.,
1001 to 101. Bank Stock was steady at 172 to 172 i.
The foreign Securities were called generally firmer
this afternoon, and although the buyers did not ap-
pear in any number, the turn in prices was rather in
favour of those holding stock. Spanish Active;
closed at 18 to I, and the Three .per Cents at 23k
to I. Brazil stock was higher, owing to the eepected
conclusion of a favourable treaty. Belgian Stock was
dope at 102 to 102 i : Danish at 83; and Dutch
Two-and-a-Half per Cents at 53. Mexican. realised
30- to 31.
For the Shares dealt in very full rates were cur-
rent this afternoon, but the husiecss transacte.i since
our last report has been limited. to the following
lines :--Cheltenhain and Great Western were 20i ;
Blackwell, 11 ; Greenwich Preference, 2l ; and South
Eastern, 271 discount; Great Wes:ern New were 14i
to 141 ; Birmingham -Quarters, 241- ; Purls aril
Rouen, 4I to 4-41; and York and' North Allah:lei,
44 premium. Provincial Bank of Ireland Shares were.
17i. premium. .
The rates fur Bills of Exchange on the continental
cities have been firm, as the trade haiance is in our fa-
vour with continental nations., though decidedly
against us as regards the United States. The quota-
tions have been on Paris at 2.51. to 85e. to 99e.. ;- on
Amsterdam 12 5 6; on liambnrgh, 13 111 I ; on
Antwerp, 12 si; on Frankfort, 151 I,',v ; and on
Trieste, 9 58 to 56 . .

COURSE OF .gXCII AN GE--( YESTEI:DAY. )
Amsterdam CF. 12 9 !Gibraltar ... ....... ...... 46
Ditto, at sight - ... 80 75
Rotterdam ..2 U. 12 'item& ••
.00000 • •••••• • • •••• 4- `6 10
Antwerp
Hamburgli M.II. 13 14 IVenire ... ........... .... 47
Altona
Paris, 3 days' sight ... 25 70 iPalerino, per 0z..........1120
Ditto, 3 months `,s $45 !Lisbon
Marseilles
Bowl:leans O6 0 Rio Janeiro
Frankfort en Maine ...152 Bahia
Petersburg'', 3 Us. ... 37 Buenos Ayres . , ....
Berlin, 7 New York, 21 days sight 444
Vienna, effec. 11. 3 M lO 1 ,Philadelphia 4t,
Trieste, gitto
Madrid
364 Foreign

Cadiz
Bilbao

jPortugalGolil Co 17
New Doubloons ,0 .0 0

Barcelona
Seville ... 36

New Dollars •.•.•
.s 4 9f
Silver in liars... .... 0 0

FOOT RACE.—festenilittiternoon7between three
and ibur o'clock, a most amusing race took place on
IPvoorrtcilii3e.steirio-tsetrr(a)ic, ecena.rApelrn.teWesilliaAxmlnßs,u.,shAelldatme...
street,
eArN.'„est,Ceoalilds
da
eyraobulnegi
eithbeetll".
Ile
nr
interest ele p
wast "e
miclitee kid
anmnotii,ir
the licensed victuallers, as, in addition to a very con-
siderable sum, a dinner and wine was also dependant
upon the tesult of the match. The latter compe-
titor was to run backwards a distance of ono hundred
yards the same time that the other did the Sarre
distance in the usual manner; and notwithstanding
this great advantagq, bets were very even, the youth
and lightness of • the first being opposed to the siBe
and obesity of the last. At the word, both went off
in good style, the butcher getting over the ground at
a rattling pace, and Mr. Bushel making very strong
play to keep up with him. The pace was killing, how-
ever, and after getting over about half the distance,
Boniface gave in, alleging as a reason, a great com-
motion in his inward man in consequence of the un-
onted exercise. The different parties then adjourned,
and the evening was passed in the mast harmonious
manner.
THE NEW ThAMES POLICE CoCUT.—The new
Court-house in Arbour-square, Stepney, the erection
of which commenced mere than two years and a half
ago, and which has been completed some time, ha 4
during the last few days received the furniture and
fittings necessary for the purpose of carrying ou
judicial business, and it is understood that on Friday
-or Tuesday next, an Order in Council will lie issued
for transferring the business from the old Court in
High-street, Wapping, to the new building, which is
upwards of a mile from the river.-
CHRISTMAS Hommurs.—As Christmas falls on II
Sunday, the industrious people, assistants, apprentices,
&c., will have no holiday, unless the shopkeepers
should agree to close on the Monday
following. We
hope they will do so. Giving the
people a release
from business occasionally is a good custom, Id •
o and
a day in addition to the present stinted oornplement of
holidays, once in six years, is no great sacrifice on the
part of those who reap the
advantage of their services.
—Bath Journal. •
There was a report
yesterday morning in Bishop's
Stortford that a man Rho h had
wVeen to pay for some
flour at South ?dill was stopped on the road leading
into Bishop's Stortford by two perions dressed in dark
clothes who demanded either his life or his money,
upon his saying he had no money one of them stabliA
him in the side. We hare not been able to learn
further particulars ; they will appear in oar nest.—
. Cambridge Advertiser.
1 . THE RUMOURED ACCIDENT TO LORD ILITHERTON.
—ln consequence of a statement which appeared in
one of the local papers, of a serious accident having
happened to the above Noble Lord while out shooting
in Staffordshire, by one of the party disclunging the
contents of his gun accidentally in his Lordship's hips,
a number of inquiries have been made by the Nobl e
Lord's friends at his mansion in Grosvenor-glace, and
the answer was, that his Lordship was quite well
and at the time of the alleged accident he had lea
Teddesley for town for a few days, no such accident
having occurred.

HARROW. ON-TUE-HILL, DEC. 3.—The exam' inatio
for the Scholarship founded by Mr. J. Neeld, was
announced this morning by the Examiners, the Rev:
J. A.. Frere and Mr. A. J. B. Hope, to have termi-
nated in favour of the Hon. P. Smythe, son of
count Strangford. Next in order were Grunt, Law-
son, Day, Ripley, and Bushby.
GREAT FLOOD.—Owing to the late rains, sev ci al
hundred acres of the low grounds in Holderness ai c
completely laid under water.—Tyne Mercury.