The Sun.
London, England, 1842-10-19 00:00:00

MONEY MARKET and CITY NEWS.

FROM THE MORNING PAPERS OF THIS DAY.
CITY, TUESDAY EVENING.

TIMES.—To-clay the alteration in the hour of at-
tendance on 'Change commenced, and though some of
the merchants, not aware of the circumstance, attended
at the customary hour of four, the principal walks
were filled at three o'clock, and, in about an hour
afterwards the leading firms took their departure, the
money and exchange brokers having wholly concluded
their business.

The premium on gold at Paris is 9 per mille,
which, at the English Mint price of 31. 17s.
10Ad. per ounce for standard gold, gives an ex-
change of 25 37k, and the exchange at Paris on Lon-
don at short being 25 62k, it follows that gold is
1 per cent. dearer in London than in Paris.
By advices from Hamburgh, the price of gold is
433 i per mark, which, at the English Diint price of
3/. 17s. 10d. per ounce for standard gold, gives an
exchange of 13 nand the exchange at.Hamburgh on
London at short being 13 101, it follows that gold is
0.46 per cent. dearer in London than in Hamburgh.
The cburse of exchange at New York on London
is 1084 per cent., and the par of exchange between
England and America being 109 23-40 per cent., it
follows that the exchange is 1.33 per cent. against
England ; but the quoted exchange at New York
being for bills at GO days' sight, the interest must
be deducted from the above difference.

The portion of Mr. Webster's speech at Boston
relating to the fashionable doctrine of " repudiation "
is of great interest, as it is the complete echo of the
sentiments so often expressed in this country, and so
often blamed as too violent. The London capitalists
have frequently desired that some great public 'de-
monstration should be made in America of the an-
tipathy of the whole nation to the dishonesty of a
few States ; for at present, while " repudiation "
assumes a bold aspect on the one side, and there
is no counter-manifestation on the other, it is
not to' be wondered at that, in spite of the
distinction between the indsvidual States and the
Federal Government, the Europeans should be dis-
posed to look upon American credit as generally
unsound. Mr. Webster feels the necessity of some
national movement to clear away this stain, and very
justly desires that " all the people of the country
should address themselves soberly and sincerely to the
work of eradicating the disease." The absence of all
distinction between the States and the Government
among the European capitalists is acutely touched on
by Mr. Webster, whose remark is to the effect that
this is not a' mere error. "The same- people," says
Mr. Webster, " constitute the States individually and
the United States," and although the same person as
a citizen of his own State, and a citizen of the Federal
Government, appears in two distinct characters,
legally speaking, yet as he is really the same person,
the question as to his moral disposition becomes an
important one ; and the capitalists, who observe a
large portion of the Union totally regardless of public
credit, cannot help feeling that the same animus may,
sooner, or, later, be displayed throughout the entire
Union.

Mr. Webster is the more bound to take up the
cause of the creditors of the American States, as the
letter which he addressed to Messrs. Baring on the
16th of October, 1839, induced many persons to be-
come holders of State securities, who would other-
wise have avoided them sedulously.
POST.--The Government broker continues his
purchases. He has to-day invested 10,0001. more in
stock of the East India Annuity Fund. This is the
fourth purchase made, and the sum understood to
have formed the amount to be invested, 40,0001.,
being absorbed, there is little probability of these
transactions proceeding any further.
The business done in the foreign exchanges was to
a moderate extent. The merchants and brokers at-
tended at an earlier hour than usual, many of the
number having been brought to 'Change before the
ordinary time under the impression that the altera-
tion recommended had its commencement to-day.
The hills offering on the leading continental cities, of
which there was a pretty good supply, were done
at rates comparatively higher.
At the sales in Mincing-lane to-day the opportunity
was taken by Mr. James Cook, of the house of
Trueman and Cook, the produce brokers, to advert
to the new arrangement proposed with respect to the
attendance on 'Change. Mr. Cook, in pursuance of
the plan laid down for the observance of the
trading interest, suggested the propriety of fixing
on an earlier hour for bringing forward the mer-
chandise to be disposed of. The interests of Mr.
Cook, as a broker engaged in the sale of goods by
auction, clash, of course, with those of the brokers
engaged in the sale of the produce of the British
colonies. He was therefore opposed by the latter
body, on behalf of whom Mr. Simpson, of the firm of
Webster, Simpson, and Scott, who, as brokers, do
business largely in West„lndia Sugars, demurred in a
marked manner to any further encroachment upon
the hours dedicated to the market for such property.
Mr. Simpson had no objection to the introduction of
the sales of foreign sugar, and other commodities
bought for exportation, but nevertheless insisted upon
the retention of the privileges properly belonging to
the colonial interest. The correctness of the views of
Mr. Simpson in this matter is zot to he denied, and in
giving expression to them in the prompt manner he
did to-day he is entitled to the commendation of his
principals. It is said that the Committee appointed
to carry into effect the resolutions passed yesterday
have the intention of devoting specific days to the sale
of particular goods, with the view of obviating all dif•
ficulty or inconvenience; and that, in furtherance of
this object, they have put themselves in communica-
tion with the Board of Excise, who have assured them
of their readiness to examine into the power vested in
them, preliminary to any positive abandonment of the
present regulations.
SUN.—The operations on account of the East India
Company having been continued to-day, the market
recovered its tone, but it was understood that the
whole of the amount to be invested has now been
purchased. Consols left off at 938 93* for Money,
and 93i 938 for the Account. Bank Stock, 165 166 ;
India Stock, 250 252 ; Exchequer Bills, 55 57 prem.
The prices of Foreign Securities were :—Belgian,
1031 1041; Dutch Two-and-a-Half per Cents., 52i
52:1 ' • the Five per Cents., 100 100*; Danish, 82 83 ;
and Brazilian, 63 64.

The quotation for Mexican Bonds was 32/ 32k.
In the Share market, London and Birmingham
were 181 183; Birmingham and Gloucester, 40 41 ;
' Great Western, 82 83 • the Half shares, 60 601 ;
south Western, 57 58 ; North Midland, 58 59; the
New Shares, 281 29#; South Eastern and Dover,
221 22-1 ; astern Counties, 8} 81; Northern and
Eastern, 45 461; Blackwall, 54 6i; and Brighton,
36 361- per share.
The rates of exchange continued favourable.
Amsterdam was 12 61, 12 61 ; Rotterdam, 12 61,
12 7; Antwerp, 12 5-1 ; Hamburgh, 13 12, 13 12f;
Frankfort, 1511; Paris, 25 871, 25 921; Genoa,
25 95, 26 • Marseilles, 25 95, 25 971; Vienna, 9 571,
9 58} ; dadrid, 361 368 ; and Lisbon, 5211.
The Bonds were thus quoted :—Colombian, 20f 21 ;
Peruvian, 15 16 ; Portuguese Five per Cents., 37/
38 ; the Three per Cents., 221 221; Spanish Five
per Cents., 16 16*; the Three per Cents., 21 214.
The new arrangement of coming early to 'Change
came into effect to-day, and was found to work well.

COURSE OF EXCHANGE—(YESTERDAY. 1
Amsterdam CF. 12 96 Gibraltar,.... 46
Ditto, at sight
Rotterdam ...2 U. 12 10 Genoa . ... 26 10
Antwerp l2 8 Milan
Hamburgh III.B. 13 15 Venice
Altona
Paris, 3 days' sight ... 25 75 Palermo, per sz 100
Ditto, 3 months 26 0 Lisbon
Marseilles
Bourdeaux 26 5 Rio Janeiro •`3}
Frankfort on Maine ...152 Bahia
Petersburgh, 3 Us. ... 37 Buenos Ayres
lierlin . 7 New York, 21 days sight 461
...

Vienna, effee. fl. 3M. 10 0 Philadelphia
Trieste, ditto lO 2 PRICES OF BULLION, PER 0..
Madrid ... 367 Foreign Gold, bars£3 17 9
_ .

Cadiz 36i Portu-gal Gold Coin ...3 17
Bilbao 36 New Doubloons 0 0 0

Barcelona
.9i

Seville

ST. MARTIN'S Cituncit.—The gilt ball was placed
en the spire of this church yesterday afternoon, and
the whole may now be said to be finished. Mr. Hem-
mings, the spirited contractor, allowed his workmen
a liberal supply of bread and ohee:e and ale on the
occasion.

CA/CONICALS.—We observe that several of tha
clergymen in this neighbourhood, in obedience of
Puseyite orders from head-quarters, are going about
in their black cassocks, to the great amusement of the
parishioners. We suppose they will be mounting the
coal-scuttle 140 presently.—LeedB 7'inzes.

•)ZILS.

FALMOUTH, MONDAY Evticrs.G.—Her Majesty's
packet Penguin, Lieut. Leslie, arrived at this port
this morning. She left Rio de Janeiro Aug. 14,
Bahia 24, and Pernambuco Sept. 2. Passengers—
Don Ribeiro de Silva, Messrs, Vanlede, Fontaire,
Isler, de. Lavelet, and Mr. Triscott. On freight,
valued at 30,0001. Her Majesty's packet SWift, the
next packet, had not arrived at Rio. The ship Mid-
dlesex, Captain Talbot, from Sydney, bound to London
with a carge of oil and cotton, went on shore at For-
mosa, 60 miles south of Pernambuco, on Tuesday,
Aug. 30, and it is supposed she would become a total
loss, as well as her cargo of cotton and oil, for want
of proper protection against plunder. The passengers
and crew were saved. Her Majesty's ship Winches-
ter, Rear-Admiral Percy, arrived at Madeira on June
23, and at Rio July 27. She sailed again on Aug. 5
for the Cape of Good Hope. The Penguin left at
Riu the Malabar, Alfred, Bittern, Viper, and Spider,
an American corvette and schooner, a Sardinian fri-
gate, with a Brazilian brig and schooner. Left at Bahia,
the war steamer Growler. Reports from each of the
Brazilian ports represent trade as exceedingly dull, in-
deed, that there was no business doing, and that
the British merchants generally would willingly im-
mediately withdraw from that empire but for out-
standing claims, which then would be absolutely
obliterated.

Exchange quoted at Rio, among the English mer-
chants,:at 240. to 25d. A hope, moreover, was en-
tertained that as the late insurrectionary movements
had been put down, and that the .imperial troops had
arrived at and taken possession of Ouro Preto, the in.
ternal traffic from Rio with the two important dis-
tricts lately in a state of disaffection would soon be
restored. -It was believed that the successes which
attended the imperial arms would affect materially the
strength of the Ministry and the pending elections on
the part of the Government. The new electoral
body will assemble in January. Affairs at Rie
Grande as by last accounts. .The articles or prelimi-
naries of the young Emperor's marriage with the
Neopolitan Princess are arrived, under charge of Don
R. de Silva, an attache of the Brazilian embassy, who
has likewise a portritit of the Emperor, to be conveyed
to Naples.
The official copy of the new treaty of commerce
between Great Britain and Monte Video is furnished
by this arrival.
RIO DE JANEIRO MERCANTILE REPORT.
During the month, from the 12th of July, the rates
of exchange maintained themselves with but little
alteration at 25d. till the close of. that month, when
the pressure of money on the market caused it to de-
cline to 240. and still lower by id., at which rates
business has been doing to the sailing of the Penguin,
though to a very limited extent. The transactions
for this mail have not realised a fair average, and
principally 24d., but seme has been done at 2.5 d., and
a shade higher.
STOCK.—There has been a good demand, and a
great deal of business doing, in consequence of which
the price has risen from 69 upwards to 70.
COFFEE.—New Crop.—This denomination, after
some inconsiderable fluctuations, has ultimately been
selling at 100 to 200 rs. higher than last month's quo-
tations. Present price—Superior, from 3,500 to
3,700 per arroba ; first good, 3,150 to 3,300 ; and the
lower qualities in proportion. At these rates there
seemed a tendency of less inclination to purchase.
The old crop ranges, almost without exception, under
the fore-stated quotations. The arrivals from the
country are still very moderate. Stock on hand is
about 20,000 bags, but the greater part is composed
of old low coffee. Sales this month, 40,000 bags ;
shipments this month, 39,803 bags ; 29,853 were
cleared for the British Channel. The reports re-
garding the deficiency of the new crop are confirmed
from the planting districts to the extent of a decrease
of at least one-third, as compared with the previous
crop. It is, however, necessary to make a proper
allowance for the exaggeration usual on such occa-
sions, though there appears to be little doubt that
there really will be a considerable decrease.
SUGAR.—The sales for the month amount to 700
cases ; stock on hand 400 cases, including 300 cases
arrived from Campos not inspected. The next ar-
rivals are expected to be already of the new crop.
A greater allowance than usual has been made in the
price of Bastidos.
o,ntoropsoerto,Lis.
steamer,
HIDES.—This article dull. Amount of sales 9,000
hides, and sold at 180 rs. to 190 rs. Stock on hand,
60,000.
Among the passengers bytehevs
ir Charles Napier
Montrose
which left port this morning for
Lis-
bon, Cadiz, and Gibraltar, ar
and family, Mr. Burrows and family, Mr. Murphy,
Dr. Hyland, Mr. Booth, Mr. Sharp, Mr. and Mrs.
Wancey, Mr. and Mrs. Giles, Mr. Forman, Mr.
and Miss Pember, and General Villaboys (the late
Governor at Cadiz).
The Dee, West Indian steam ship, had a great
many'passengers, and also started with the mails for
Corunna, the Azores, the West India Windward and
Leeward Islands, Mexico, &c.
The London mails will leave this town on the 23d
inst., at eight A.M., in continuation, and will be but
20 hours on the road to the metropolis. This ar-
rangement will be of the greatest service in regard of
foreign arrivals. T,he mails from London at eight
P.M. will be delivered here at half-past five r.m. on
the following day.

A ROYAL YACHT.— There is at the present moment
a merchant vessel of a very handsome build lying in
Greenock harbour, close to the Custom-house, which
in its time has played many parts. At one period it
was a favourite pleasure yacht of that
most extraor-
dinary man, Napoleon Buonaparte. Finding there
was need for all the vessels that could be procured to
keep up the demand, the French converted the yacht
of the " Grande Empereur" into a 10-gun brig;
but, as a matter very much of course, it was soon
captured by the British. After various ups-and-
downs, it is now quietly engaged on the peace estab-
lishment, and sails under the modest title of the
Thomas, of which Captain Duncan is the commander.
" Sic transit gloria mundi."—Glasgmv Constitutional.
EXETER, OCT. 15.—The arrangements are com-
pleted for running the new mail between Falmouth
and London, to facilitate the transmission of the West
Indian, South American, and Mediterranean mails.
This mail will be started to-morrow week for the first
time. The new mail from London will reach Exeter
soon after six in the morning, and will run the dis-
tance between this place and Falmouth, by the way of
Oakhampton, in about nine hours and a half. It will
pass through this city on its way to London late in
the evening, so that it will leave Falmouth full half a
day after the present mail leaves that place, and ar-
rive in town at the same time. This will be a mani-
fest improvement on the old system, because, until
very recently, if a foreign mail did not arrive at Fal-
mouth very early in the morning, it was detained
there until the following morning ; whereas, by the
new arrangements, it will be forwarded towards the
middle of the day. A mail from Devonport will
leave here as soon as the Falmouth mail arrives, and
will reach the former place at about eleven in the
forenoon. This mail will leave Devonport at about
one in the forenoon, to reach Exeter just before the
Falmouth mail passes through here on its way to
London.
PRICE OF GOLD.—An account of the average price
of gold in
each year. and in each period of five years,
from 1797 to 1842 inclusive, has been published,
agreeably to an order of the douse of Commons. The
return is signed by Mr. Gray, the Deputy Accountant
of the Bank of England. The price, since 1819, has
been nearly stationary, averaging about 31.175. 9d.
the ounce, and is the same as in the four years ending
with 1800. During the war it varied considerably.
No prices are given for the years 1801-2-3, but in
1804 it had risen to 4/. ; in 1811 it was 4/. 15s. 8 d. ;
and in 1813 it was at the highest, having reached-the
enormous price of 51.65. lid. It gradually declined
till the passing of the Currency Bill in 1819; when it
was 31. 18s. qd.
WINDSOR, OCT. 18.—In consequence of the fatal
cases of fever which occurred at Esher a few weeks
since, abtahnedo Castlened for Claremont.
for the present,
the herintention
The visit of the Court to that delightful retreat of his
of Majesty
leaving
Majesty the King of the Belgians is, therefore, inde-
finitely postponed. The circumstance of the preva-
lence of typhus fever in the immediate neighbour-
hood of Claremont, has caused her Majesty to
determine upon paying a visit to Brighton before,
instead of after, Christmas, as had been previously
intended. The period mentioned for the depar-
ture of her Majesty for the Pavilion is about the Ist'
or 2d of November. The Court
is expected to re-
main at Brighton for about a month. Their Royal
Highnesses the 'Prince of Wales and the Princess
Royal will accompany their illustrious parents to the
coast. The Royal dinner party at the Castle this
evening (covers being.laid for 21) included her Royal
Highness the Duchess of Kent, Lady Charlotte Dun-
dr.*, the Countess of Dunmore, the Hon. Clementina
Hamilton, the Hon. Georgiana Stanley, the Dowager
Lady Lyttelton, the 'Hon.- Mrs. Anson' the Earl of
Aberdeen, Lord and Lady Haddo, Lord Byron,
General the Hon: Sir William Lumley, G.C.B ,
Colonel Arbuthnot, the Right Hon. Sir William
•
Henry FreMantle., K.G.H., Major-General Sir E.
Bowater, G.C.H., Admiral Sir Charles Rowley,
K.G.8., Captain Francis Sey nour (Scots Fusilier
Guards), the Hon. C. A. Murray, and. Dr. Prcetorius.
Mr. G. E. Anson (Private Secretary to Prince Al-
bert) is recovering, but very slowly, from the effects
of the accident which occurred to him on Thursday
last while hunting with his Royal Highness's pack of
harriers. It is expected that when the Court leaves
Windsor for Brighton her Majesty will proceed to
Paddington from Slough by the Great Western Rail-
way, and from London to the Pavilion by the Brigh-
ton Railway.
WINTER ASSIZES.--It was stated on good autho-
rity during the late Special C_ommission at Stafford,
that it is intended by Government to have a general
winter assizes throughout the kingdom, to commence
• in the early part of Peceizber.