The Sun.
London, England, 1829-08-22 00:00:00

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FRENCH CATTLE MARKETS.

In January 1707, the King of France issued an
edict, by which he erected a Board, consisting of an
hundred Counsellors, to act as treasurers of the
purse of the markets of Sieaux and Poissy, who
should be bound to have an office open every market
day, to pay and advance to cattle dealers, who are
strangers, at the moment of the sale, the priee of
the beasts they had brought to these markets, sold
to the butchers and other solvent dealers. The same
edict grants these new officers a fee of a sous (half-
penny) for every livre enpence) of the price of all
beasts sold in these markets, payable by the vendor,
although the treasurers had not advanced them the
money. During the Revolution, these officers were
dismissed, and tinder the First Consul a public
chest of the butchers was established to receive the
bail money, and to make advances to those butchers
who needed them. On the Bth February, 1811, a
decree ordered the number of butchers to be neces-
sarily reduced to three hundred, and imposed on the
strange cattle-dealers a duty or three centimes and
a half (one-third of a halfpenny) on every franc of
the price of beasts sold in these markets. The
butchers fearing that this reduction would augment
the value of stalls, laid out 1,609,000 francs out of
the chest to buy them up. In 1822, they were re-
duced to 370, but the limitation was then abolished,
and the law so remains.

A house of some note has stopped payment
to-day, whose connections are chiefly with the Mauritius.
Its outstanding engagements are about 45,0001.—a liabi-
lity which would have been thought small at many former
periods, but iu the generally contracted state of trade, is
thought considerable enough to occupy a good deal of at-
tention. The house was originally confined in its busi-
ness to the Mauritius, but was led to form an establish-
ment in London by the favourable prospects that were pre-
sumed to present themselves on the admission of East India
sugars on better terms into the home market.
MONEY MARKET, FRIDAY EVENING.—
The Consul market has maintained itself with great firm-
ness throughout the day, and left off at higher prices than
any quoted since the alarm at the close of last week. As
Drat alarm is now clearly proved to have been without
foundation, there is a good deal of excitement among the
jobbers on the subject, inasmuch as many of them ima-
gine themselves to be the dupes of a preconcerted design to
mislead them. It is no uncommon practice, we believe,
among the speculators in the funds on a large scale, to
seize that moment for creating an alarm and depressing
prices, when they know the prospect of affairs to be in
reality good, because they buy in the cheaper, and the
subsequent rise is necessarily more certain and rapid. Sus-
picion of this kind does attach in a particular quarter, but
the imputation is of course denied, with the complaint that
the parties themselves were misled by the information in
question. Some of the dupes to this pretended news have
been pretty severely punished ; the transactions of one
broker, entered into in the open market, and who acts for
some houses at the west end of the town, exhibits a loss of
several thousand pounds. The Stock Exchange, it ap-
pears, have had nothing to do with the scheme; but many
of its members have, on the contrary, been severe sufferers
by it : they feel anxious, therefore, if possible, to expose
its authors. Consols for this account have closed to-day at
88i buyers, and at 89i for the October account. There
is a great abundance of unemployed capital in the money
market, but its influence is not so apparent as usual on the
value of Exchequer Bills, which remain at 70s. to 71s.
premium. The bankers, however, complain that they
have no eligible objects to which to apply their surplus ba-
lances, and that they have never known the circulation of
bills so low as it is at this time. There is evidently no-
thing which can relieve them, except a great increase in
the transactions in goods and produce, which have been so
long on the decline, that all purchase with cow.i4erable
hesitation, and none in greater quantitiq than are required
for immediate use, or, as tlip phrase is, "from hand to
mouth." There is a ratite/. better feeling abroad on this
subject within the last few days, and an expectation seems
to prevail among the produce brokers, that the facilities for
obtaining nioney--
may encourage a renewal of the large
, gagements of former times, with a spei.:alation for a rise in
, prices. Nothing of the kind, however, is as yet openlY,
manifested.-- Times,

SPORTING INTELLIGENCE.

BURDEROP RACES.

TH (712 SDA V, Arc. 20.—The Tionlorop Stakes of 25 sovs.

T ,()
•
Mr. Mills's Bruwillo,k, aged
Mr. C,d,lard's L.yeurgus, 5 yrs
A Plat.- ofbO sovs. 11e...., V.v.
Mr.
• Lord Ailesbury's Rioter, 4 yrs
Mr. Waine's Chesterton, 3 yrs
Mr. Goddard's Lycurgus, 5 yrs
Mr. Appleyard's Brocard, 4 yrs

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