The Sun.
London, England, 1842-06-15 00:00:00

MONEY MARKET and CITY NEWS
_
FROM THE MORNING PAPERS OF THIS DAY.
TIMES.—The premium on gold at Paris is lai per mill'
which, at the English dint price of 31. 17s. 101 d. per ounce
for standard gold, gives an exchange of 25 401, and the ets
change at Paris on London at short being 25 50, it follows
that gold is 0.38 per cent. dearer in London than in Paris.
By advices from Hambursh the price of gold is 430 per
mark, which, at the English Mint price of 3/. 17s. 10%d. por
ounce for standard gold, gives an exchange of 13 71, and the
exchange at Hamburgh on London at short being 13 91, it
follows that gold is 0.81 per cent. dearer in London than in.
Hamburgh.
Additional instances are brought forward, in the letters of.
the many correspondents on light sovereigns, of the Bank Ot
England having issued the very depreciated coins they have
afterwards refused to take. Bat if the issuing of light
coin by a corporation like the Bank of England
be looked upon as an unpardonable remissness, tbere
is an equally heavy complaint, that light scve,;:: zrtssr.: se-r
stantly issued by the Post-office. A correspondent receiving
one there became afterwards aware pf its lightness, and taking
it back discovered that in this principal Government depart'
went there were neither scales nor weights stamped by the
Mint ! 'this, indeed, is one of the most feasible objections to
the proclamation, that its appearauce was not attended with
adequate means to sepa-ate the light from the heavy rage'
reigt,s. As for any attempt to give a political turn to the
affair, and to saddle the 'neonvenience on the present Ministry,
it is perfectly absurd. The proclamation men ly reminds the
public of a measure already existing, sod of one which his
constantly been acted on at the Bank and the Government
offices, and the anomaly so long existing was, that the public,
who had not exercised any caution about the coinage in their
transactions with each other, suddenly felt themselves at •
loss when they had to make payments to the Government,
At the Bank of England a new feature has transpired te-d2l,
which is a demand for silver in preference togold, arising frt'
the fear of taking sovereigns under the legal weight. Pere
pans this may lead to a withdrawal from the vaults of toe
bankers of that silver coinage of the superfluity of which se
many have frequently complained.
Letters received from Newcastle. upon-Tyne mention a fel
facts connected with banking and the value of money in the
north. Messrs. Batson and Co., of Berwick-upon-Tweed, We
lately paid their first dividend of ss. in the pound on the
amount of their debts, which is nearly 200,000/. Their Fir
mises have been taken by the Union Bank at Newcastle, vinl
have opened a branch at Berwick. The North of Engler,
Bank at Newcastle has commenced issuing Bank of Engles':
notes, having opened a " circulation account" with the bruin°,
bank in that town. •
The pkrties connected with the cinnamon trade have found
in the Ceylon papers of the last arrival additional facts to vr,,all/4.
rant them in their attempts to reduce the export duty from sm,
island on cinnamon. A ninth attempt by the Government to
dispose of the spice is found to have proved completely abortiser
as not a bale was sold on the occasion. • The copy of a meat!'
rial presented to the Governor by the Agricultural Society has
been sent to some mercantile firms in the city, with the Intel'
ligence that it has been favourably received by the Governor'
The argument used in this memorial—namely, that Ceylon 11*
no natural monopoly of cinnamon that will allow the impel) lion of a high duty, and that Java is a formidable com; etitor-"t'
net d not be set forth in detail. as it has been noticed alreadPs'
SUN.—,Yesterday was a blank day in the money smolt
as have many of the preceding. This may be accounted OF
most of the ;stocks being closed, and the absence of speculatl
from political causes. Prices, which at the commencement,
business, had been somewhat depressed, rallied towirde ,
afternoon, and Consols left off at 91i 911 for the opening, ~
dividend; Three per Cents. Reduced, 911911 ; Bank St,
167 166 ; Exchequer Bills, 47 49 prem. 1
Dutch Two and a Half per Cents. were a shade lower,
521 521; the Five per Cents. remained at 101 1011; as-
Belgian at 102 103; Danish, 801 1111 ; and Brazilian, .
671. 'f he quotstion for Mexican declined to 361 36/.
Brighton Railway Shares improved to 351351 ; the own.
lines remained the same ; London and Birmingham, 177 17''
Birmingham and Gloucester, 50 52 ; Great Western, 89_,9°,0;
the Half Shares, 621621 ; North Midland, 65 67 ; thetE 4,
Shares, 32 33 ; South Eastern and Dover, 25} 261; - lid"
661 ; Eastern Counties, 9 91; Northern and Eastern, a'"
4'21; 131ackwall, 101 11.
T 110
I'o-morrow being the settling day for time bargains in s
bonds, the usual fluctuation has taken place; and on this Id
count the quotations have been deloressed. Celombian.lii
261; Peruvian, IS 19; Portuguese Five per Cent,. 371 311,,,,'1s
the Three per Cents., 22 22% : Spanish Five per CatA.;)
211 22,i ; the Tt:ree per Cents, 23 231. Money was eser4o.
ingly scarce in the Market, and was worth 8 to 12 per te"
being lent only on personal security.
Although the quotations for the Exchanges do not 4
11.1.15-;
materially from Friday, business was very flat, with but ItiV,
doing. Amsterdam 12 5, 12 51; Rotterdam, 12 5, 12 Pe'
Antwerp, 12 43 12 5 ; Hamburgh, 13 11%, 13 l'2l;_Frs I 1 i!,
fort, 1511 ; Paris, 25f. 75c. to 2af. 80c. ; Genoa, 25 80 ; 14;
horn, 29 95 ; Vienna, 9 54, 9 551 ; Trieste, 9 55, 956 ; ' -
drid, 361 ; and Lisbon, 53 521. •
As far as the contents of the letters by the Acadia can e.
ascertained, the accounts generally are better, not only °es
gard political matters, but also as to business. IL is stale,ji
that the Government are determined not to allow Lord Pt7s,
button's mission, to be fruitless, but that the question of d,.
Maine boundary shall be satisfactorily arranged before hiL,
partare. So strongly has the importance of his journey 'di,
felt, that instructions had been given to countermand °II?,
for launching four new frigates, as well as to reduce tl!er
sent naval force and the army.
ss,.ets't
Business had decidedly improved, and from app.. ---tbre
although no great inquiry could be expected for two or months, yi t it was anticipated that in the autumn a sue`
steady, and safe demand would arise. t•
The Government had obtained three and a half staled. :
dollars on account of the loan at 90 per cent. ; but encostrai:,
as these accounts are, it is to be hoped that none of it tal,„t i,
its way to this country for reasons before assigned. 0-1;10. i
the low-priced, or, as they are there termed, " fancy" swfoi '
had improved, Indiana being 201 201. Exchange on Ent ,
81 prem.
freti It has been conjectured by many that the' intelligence
_,,,./e
St. Domingo is grossly exaggerated, and even was disnermbl;
on 'Change ; but private letters, from sources too resPe,_Tiia
to admit of a doubt, confirm the fact of the calamity ni'ver.
taken place, though it is to be hoped that it is greatly ,e,,;,,
charged, which is only to be expected from the confusion W"'
must naturally exist. . .
trtt
WHY SHOOT AT THE_ QU v
TO THE EDITOR OF THE SUN. fv,
SlR,—The above question is everywhere asked—star
which is deservedly complimentary to the illustrious pe'
who is so truly "void of offence.' ti„
But allow me to suggest, is not the motive a wish to vV-i0
Heaven ? I remember hearing a murderer—an atrocious i
blooded murderer— declare on the scaffold awhile ago, _aft 1
quarter of an hour I shall he in Heaven !" Enviable Inniai
Are not honest, industrious men willing to toil and PTtisk
self-denial, and bear up against a thousand trying diffic:ort!,
for threescore years and ten, in the humble hope—and ei. its itt.•
by the hope—that they may, through mercy, obtain fel ed;
the world to come ? But make short work of it; shoot 57,14,
body (and there is more eclat in having a Sovereign than ii #l,'
vant for your mark),and you are immediately half-sail:U.lot
assured, that on believing certain doctrines, in which Yonbosar
been brought up, and never doubted ; only believe il,n 2,,l belli
which you can't help doing, and all is right ; you "so staf4,
Heaven in a quarter of an hour." I heard a clergyman it, se
fordshire emphatically proclaim from the pulpit, "If th4est
steeped to the lips in crime and infamy ; if thy sins aresjest
to those of all men since Adam, believe iu the Lord,
Christ, and thou shalt be saved."
Now, Mr. Editor, well-informed persons might sa°P',
give, a version of this Christian doctrine, which would I. )
cite the abstract proposition with a life such as that '
honest man I have alluded to—nay, it would require, 0.
productive of such a life; but there was no sualificationr
1
instance I have quoted; nor is there any such in inanY 'lthats
rations I hear of salvation by faith alone. What effeetl.,fi„
must this, and the declarations from the scaffold have ;nter
ignorant, the thoughtless, the idle? Ali, Mr. Editor,tt ollf
idle; it is the haters of work ; these are the creaturesmes .•
seek the short and lazy way to Heaven. Punish theta, Si:.
by dooming them to this world, with hard, hard work;,,: at ,
canonize them and hang them ; give them an opportuo3l:
the antipodes, of proving their faith by their works; anao 0
will be such reports from time to time of their hard lot-7,h
10
to work for their Ming (horrid thought !)—that the ioro. ,
home will not even attempt what will thus he closed s di, i
them—naraely, the Newgate to Heaven.— Yours respecid& •
JABF.Z JERKIN