The Sun.
London, England, 1842-08-05 00:00:00

MONEY MARKET and CITY NEWS.

FROM THE 3IORNING PAPERS OF THIS DAY.
CITY, THURSDAY EVENING.
CHRONICLE.—The contents of the Report of the
Commissioners of Exchequer Bills have transpired, and
are known to be generallyfavourable to the claims of the
bona fide holders. We understand, however, that the
Report classifies the holders. This result is strictly in
accordance with the views we have supported in this
question from the very first blush of it to the present
moment.
TIMES.—The Directors of the London and County
Bank declared, at their half-yearly meeting to-day, a
dividend, at the rate of 5/. per cent. per annum, clear of
the income-tax ; and it was stated that the business of
the parent establishment, as well as its branches, is pros-
pering in the most satisfactory- manner. It appeared from
the report read by the secretary, that no new branches
have been opened since the last meeting of the share-
holders, and that the call lately made to increase the
capital of the Company had been promptly responded to.
A shareholder inquired whether the reserve fund Was in-
vested in the public funds, or employed as part of the work-
ing capital of the bank? In answer to this it was said that
the reserve fund was employed in the business operations
of the concern, but that a much larger amount than that
fund was invested in Government securities. The profit
and loss account exhibited stated " current expenses,
with the Directors' fees, interest on current and de-
posit accounts for bad and doubtful debts, and rebate on
bills not due, 15,9091. 10s. Bd. ; dividend for the half-
year, 2,5961. 16s. Bd. ; and balance of profit and loss,
new account, for the half-year ending the 30th of June,
1,5861. 15s. 4d. ;" making 20,0931. 2s. Bd., an equivuleni
to the stated gross profits of 20,0931. 2s. Bd.
The wine trade are looking forward with great inte-
rest to the motion of Mr. Masterman in the Rouse,
which stands for to-morrow (Friday), and the object of
which is the reduction of duty on wine, consequent on
the completion of a treaty with Portugal.
A return has just been published of the aggregate
value of gold and silver coin coined and sent by
the Mint to the Bank of England, and of the total
amount of light coin received by the 13ank of Eng-
land and its branches since the proclamation against
light gold. From this it appears that the total DUM-
bee of sovereigns' coined and sent to the Bank since
the proclamation, from the Ist to the 22d of July in-
clusive, amounted to 337,0861., and the total.number of
half-sovereigns to 209,5707. 10s., making, altogether, a
total amount of 546,665/. 10s. The total amount of silver
coin coined and sent to the Bank, from the 20th June to
the 20th .July inclusive, was 30,400/.
The total amount of light grid coin received by the
Bank of England and its branches, mid delivered to her
Majesty's Mint, or retained by the Bank and its branches,
since the proclamation against light gold, from the 11th
June to the 28th July inclusive, was 4,285,8371.
There is one fact contained in this return which is
worthy of special observation, viz., that the amount of
silver paid into the Bank was only 30,400/., and not
300,0001., as was currently reported.
SUN.—The intelligence from India, and the abundance of
money continuing far beyond what the market can consume,
the prices of funds have been maintained at a further advance
beyond tho,c of yesterday. Consols left off at 913 for None),
and 91z 92 for the Account. Bank Stock, 170 k 171 k ; India
Stock, 24914 2501 ; India Bonds, 35 ; Exchequer Bills, Old,
52 54 ; New, 50 52 prem.
The prices of Foreign Securities were—Belgian, 102 103 ;
Dutch Two.and-s-half per Cents., 51% 52; the Five per
Cents., 101/ 102 ; ILnish, 823 83 ; and Brazilian, 64 65.
Mexican has not been noticed to-day.
The Share Market exhibited rather more activity—London
and Birmingham were 180 182; Birmingham and Glouces-
ter, 47 49 ;. Great Western, 891 901 ; the Half-Shares,
64% 6514 ; • South Western, 62 63; North Midland, 59 ;
the New Shares, 29 30; South Eastern and Dover, 22i 03k ;
Eastern Counties, 8:-1. 9% • Northern and Eastern, 40 41 ;
Blackwall, 9 91 ; and Brighton, 341 341; per share.
The quotations for the Buuds were—Colombian, 20'4 21 ;
Peruvian, 151 161 ; Portuguese Five per Cents., .33% 3333 ;
the Three per Cents , 191 20 ; Spanish Five per Cents. 21;
the Three per Cents, ^2Ol.
The commercial accounts from India are viewed as rather
unfavourable. Prices of imports are stated to have declined,
while those for country produce, on the contrarY, have ad-
vanced. The natural consequence of this will be to cause a
demand for specie for political purposes, and therefore a reduc-
tion in our present stock. The shipments of silver to India
have of late been large, and had they been followed up by a
drain from the Continent, which happily the prospect of the
harvest has prevented, the effect might have been seriously felt.
Some stress appears to be laid upon the fact of the low
at wi,ich place it is quoted
rate of freight from Bombay,
14s. per ton, and then difficult to be procured. It is within
remembrance when goods were brought home at 10s. per ton,
and a rate so low that Captains would not take it, inas-
much as it would not pay ordinary wear anti tear. This is ex-
tremely disheartening for the shipping interests, but as it must
be remembered that as the bulk of produce shipped from that
place consists of cotton, which description is rapidly rising in
favour in this country, the low price at which it will be enabled to
be sold, will prove a proportionate hem fit to the manufacturera.

SINGULAR DISCOVERY OF A SnAnK.—tapt. Row-
land, belonging to the brig Anglesea, from Rio Janeiro
for Antwerp, which arrived off Dover on Wednesday
last, report.; that on the 24th of last month, in lat. 50.
47.,. long. 10. 10 W., he came up with the wreck of a
vessel apparently about 500 tons burden, and of- Ame-
rican build. The weather being favourable, he, together
with several of the crew, boarded her, for the purpose of
ascertaining her name. On reaching her deck, they
were startled by aloud splashing in the hold, when, upon
taking off the hatchway, they discovered an enormous
shark entangled 'amongst the beams of the ship's bottom,
which had been carried away ; on seeing them it made a
desperate dart at one of the crew, who luckily fell back
upon the deck and escaped. After considerable diffi-
culty they managed to kill the monster, and haul it out of
the wreck on board their vessel. It measured 20 feet in
length, and was of a very great. weight. The name of
the wreck was not learnt, on account of the Sterns being
gone. . , •
The -responsible Ecl,itor of the Gazette 4Erance,
M. Xiibry Foucault, was taken on Monday to-St. Pe-
la,;ie, to undergo the year's imprisonment to which he
had been sentenced by the Court of Assize.