The Sun.
London, England, 1842-10-29 00:00:00

MONEY MARKET and CITY NEWS-
FROM THE MORNING PAPERS OF THIS DAY. • •
CITY, FRIDAY EVENING
CHRONICLE.—We concur with the spirit of
some suggestions in the columns of a Contemporary,
regarding the formation of a metropolitan Chamber
of Commerce, to be governed by a Committee, to su-
perintend the general interests of trade, and form the
accredited organ of. communication with the Execu-
tive. A Chamber of Commerce is to he found in
almost every town of importance throughout the
United Kingdom. London is the exception. It
stands almost alone in its glory, without a legitimate
organization of the great mercantile interests to afford
the individual members of those interests the benefit
of concentrated united action. London is behind
the provinces in many things; and one of its worst
instances of lagging behind is in the want of a well-
constituted Chamber of Commerce. There are many
powerful arguments in favour of such a society of
merchants, and none of a public nature that occur to
us at present against its adoption. The leading mer-
chants have a club of their own, at which they meet
occasionally, and talk over their common interests;
and there are special coffee-houses, frequented more
particularly by merchants engaged in particular
branches of commerce. We have the Baltic Coffee-
house, the New England, the Jamaica, and the Jeru-
salem ; all cases in point. But these places of ren-
dezvous do not supersede in any way the expedienay
of forming a Chamber of Commerce, by a general
amalgamation. of the mercantile community. The
present ti:ne is particularly well chosen for stirring
in the matter. The Committee appointed at the re-
cent meeting for carrying into. effect the resolutions
regarding the earlier hours for 'Change, and other
matters connected therewith, is, in fact, a nucleus al-
ready made, and only requiring due extension and
proper materials to become the foundation of the prb-
posed institution. The appointment of that Com-
mittee proves, in fact, the want of a duly constituted
Chamber of Commerce, whose Committee of Manage-
ment would possess adequate power and authority to
enforce such rules and regulations as might from time
to time be found requisite for the common good.
They would be at once enabled to establish order and
regularity, as well as better dispatch, not only in the
manner of conducting business upon 'Change, but,
where it is much more wanted, namely, in the pm-
duce market;—and in such matters astherecent defal-
cations in coffee and the Custom-house frauds.
TlMES.—Owing to the supineness of those 'par-
ties whose duty it is to protect the public against
such frauds, trade lotteries, like that of the London
Friendly Union, are multiplying all over the metro-
polis. One of these "distributions," as they are mo-
destly termed, has just taken place in the heart of the
City. The nominal value of the goods " distributed"
was 1,250/. ; the number of tickets 9,000, at 2s. 6d.
each; the prizes—one of 151. value, three of 104
eight of 51., twelve of 41., twenty of 3/.., 100 of ]1 ,
150 of 10s., 1,000 of 55., 2,000 of as., 5,681 of
The articles, Sheffield and Birmingham ware, of
which the prizes consisted, are stated to have been of
the most inferior kind, probably not worth one-third.
of the value affixed to them ; and assuming, therefore,
that the lottery was fairly drawn (a very questionable -
point) the gain to the projectors must have -been
about 8001., while at least 8,000 of the tickets utUst
have been returned to the dupes .by whom they have
been purchased, in the shape of sixpenny or fourpenny
articles, of no use. The civic authorities, apparently,
do not deem these matters within their province, but
the Government does possess the means, and ought to
possess the inclination, to check practices which injure
the honest tradesman, encourage a vicious spirit of
gambling in the weak and thoughtless, and enrich the
designing knave. A Correspondent who has re-
quested that public attention may be again directedt
to this subject says, that four other such lotteries are
DOW in progress in different parts of the City.
POST.—Letters from Berlin mention that It is
proposed by the Government there to defray ttie cost
of the railroads projected for the various pP:,ts of
16,1
Prussian dominions by an issue of pa •
cover the entire amount. The sum. Per money to
quired for the purpose is estimated'', about 80,000,000
ret h-
°
t will be
Prussian thalers. No lArtkuk.rs are given of the
probable character of the papp-,.. issue in question, but
it will, it is assuraeit eon9".st of Treasury notes, and
therefore be limited ttl '4 local circulation.
SUN.—The Conseil, market closed without any
particular alteratior,, being perhaps a little steadier
than towards the 'middle of the day. The latest prices
for Money Were '93!,1, and for Time 93"1 to 931. The
unfunded
lebf closed at 60s. premium, East Bonds at
48s. to,, Oos. e.remium, and all the other Stocks, both
trees and. Three-and-a-Half per Cents.; at rather
lower rates.
Spanish Stock maintained the rise, up to the close
of the market. The Active Bonds were 18+ to 181,
and the Three per Cents. 21i to 22. Portuguese New
rallied to 38+, but the converted remained at 321.
Brazil Stock further declined to 63. Colombian Bonds ,
were dull at 201, and Mexican at 324 to i; Belgian
Bowl* Were not higher than 1031 to ;-1, and roach
-Fir., per Cents. were quiet, at 100 to 100::.
The transactions in Railway- Shares were not of
magnitude. In addition to those quoted this morning,
we may notice, Edinburgh and Glasgow at 31 to 21 ;
and Brighton at 131, discount. London and Bir-
mingham at 91 ; Northern and Eastern Scrip at 1 to
; and Great Western, New, at 111- to 11,- prem.
The rate fOr bills of exchange was rather inure in
favour of the English drawers this afternoon, Paris
being taken at 25 85 to 90; Amsterdam, at 12 61;
HandiUrgh at 13 121; and Trieste at 9 59 to 10.
The Colonial markets were rather dull this after-
noon, though prices keep up.
COURSE OF EXCHANGE—(YESTERDAY.)
Amsterdam CF. 12 9 :Gibraltar ... .......
12 6 ;Leghorn
Ditto, at sight
12 5 !Milan
Antwerp
Hambnrgh M.B. 13 15 'Venice 47
Rotterdam ......... 2U. 12 9i Genoa 26 10
Altona
Paris, 3 days' sight ... 25 75 Palermo, per on 120
Ditto, 3 months 26 0 Lisbon
Marseilles
Bourdeaux 6 5 Rio Janeiro 236
Frankfort on Maine -.152 Bahia
I'etersburgh, 3 Us. ... 37 Buenos Ayres
Ilerlin.

Vienna, effec. 11. 3M. 10 3
Trieste, ditto
Madrid ...
Cadiz
Bilbao
Barcelona
Seville

'Philadelphia -
PRICES OF BULLION, PER GC,
Fo:eign Gold, bus £3 17 9
Portugal Gold C0in...3 17 5
New Doubloons ......0 0 0
New D011ar5............® 4 91t
Silver in 8ar5....... 0 4 116

We hear from good authority that her Majesty's
consent to the alliance of her Royal cousin, the Princess
Augusta of Cambridge, with the Hereditary Prince
of Mecklenburg Strelitz, will be formally given at
the Privy Council, to be held next week at Windsor
Castle, and that the ceremony will take place as soon
as the various preliminaries can be arranged.
VISIT OF TILE COURT TO BRIGIITON.—Mr. Saun-
ders, the Inspector of Palaces, left 'Windsor yesterday
morning for Brighton, for the purpose of making the
necessary arrangements at the Pavilion for the recep-
tion of the Court. It is expected that the Queen and
his Royal Highness Prince Albert will leave Windsor
about the Bth of *November, and remain at Brighton
for about three weeks or a month. Their Royal
Highnesses the Prince of Wales and the Princess
Royal will accompany their Illustrious parents. h
vlet
was at one time expected that the Queen would a.
abandoned the intention of proceeding to Brighton, in
consequence of a report reaching her
dthaengtoTnu;s feverbiit
had feustpedoni tstehlaftin3gisra.o?i.neelilshetd3;iairts of
ai
have all danger
n
e
hboeennousrteadteddtuoring presence of the'
Court.
TARIFF PORK t
hsisu3h,seiadred,,,,ißth:igehletopnressvel
taken of the admission of advantage has been _
Ame-
rican pork, which canbliee I retailed of an excellent qua-
lity(so CALLED).—NVe are informed that
price, to get rid of a large
at a very reasonable
rk condemned
and tl •h 1 as
unserviceable for sea use ,that this a t-perished,
ome stuff is offered for sale the
commodity and unwholesome
future to be as
e
commodity we are for the. supplied with from
quantity of old ship's pro.visions—pork
the United States. There is, of course, so palpable a
difference between the latter and the article which is
pork
kd notis generally be allowed
believedto be
to successful, substituted as its representative, that, once seen toge-
ther,s:,efuryl,
one cannot be mistaken fur the other; but as
Ind
unsound should
productive of disease, we would caution poor people
imposition
against the use of it. Good American pork
discoloured—that is, rusty—stale in appearance, or
destitute of brine, which are the characteristics of con-
demned naval stores.—Shipping Gazette.
MAIL-CART SNOWED UP.—in order to prove that
winter in the north has • "
come in like a " roaring lion,"
we need only 'mention that on Wednesday morning
last the mail-cart which runs between the towns of
Alston. and Penrith, in Cumberland, by reason of the
tempestuousness of the wind, and the great depth of
snow, was C6llTletely drifted up on a bleak part of the
road on Cross oell. V The postman being unable to
proceed further, with great difficulty managed to dis-
engage the home, which was nearly done up, from its
trappings ; he mounted it, and leaving the cart, came
on with the bags. After a stormy and dangerous
journey he arrived at Penrith two hours or more
behind his usual time, thereby losing a post for the
letters which were destined for London by the morn-
ing mails.
It is rumoured in legal circles that, in consequence
of the declining state of his health, the 'veteran Lord
Lyndhurst will shortly retire from the woolsack,
which his 'brilliant talents have so pre-eminently.
adorned, 'and that he will be succeeded pro tem. by
Lord A',linger, now Lord Chief Baron, who will
shortly, afterwards retire in favour of Sir William
Folle'it. These changes will involve the elevation of
the present Attorney-General to the dignity of Chief
Baton, and, in all probability the promotion of Mr.
Fi+_zroy Kelly and Mr. Cresswell Creswell.—Morning•
Pape);
Dr. Charming, the celebrated essayist, we rcgret to
say, is at 13inningtou in the State of Vermont, in an
YorA Paper
excesain-i-
-y debilitated state.--New .