The Sun.
London, England, 1842-09-07 00:00:00

MONEY and COMMERCIAL NEWS.
CITY, TUESDAY EVENING.

As was anticipated, a further advance in the prices
of our funds has taken place this afternoon. The
expansion of the currency necessary for the payment
of July dividends not having been absorbed by com-
merce, and the certainty that in less than four weeks
a similar amount willibe thrown on the market, con-
sequent on the payment of those due in October, will
still further increase the glut which has led to this
result. Much regret has been felt among respectable
dealers, that undue efforts to depress prices should
continue to be made by certain parties, who form almost
a complete circle among the principal capitalists of Eu-
rope. By a peculiar method these were made to be a profit
to the parties when they had a large sum of capital,
surreptitiously obtained, wherewith to gamble in
foreign bonds. Such dealings, from the beginning,
were repudiated by legitimate jobbers, but now it is
thought that the integrity of the Stock Exchange is
greatly compromised by introducing these auxiliaries
to speculation in it. Consols left of at 93 93i for
Money, and 931 buyers for the Account; India Stock,
249.251 ; Exchequer Bills, Old, 51 53 ; New, 49 51
premium. :
The prices of Foreign Securities were—Belgian,
1014- 102 ; Dutch Two-and-a-Half per Cents., 52h-
-52+; the Five Cents., 102 102 i ; Danish, 83i 84i;
and Brazilian, 66 67.
The quotation of Mexican rose to 36 361.
The prices of Shares were—London and Bir-
mingham, 184 186 ; Birmingham and Gloucester,
41 43 ; Great Western, 834. 84i ' • the Half Shares,
601 601 ; South Western, 59. 60 ; North Midland, 56
58; the New Shares, 27-4- 28*; South Eastern
and Dover, 22+ 224 ; Eastern Counties, 84 9 ;
Northern and Eastern, 37i ; Black wall, 71 7; ;
and Brighton, 331 3.
The amount of business in the Foreign Exchanges
was small. The quotations were—Antwerp, 12 4k- ;
Amsterdam, 12 54, 12 6; Rotterdam, 12 6, 12 61 ;
Hamburgh, 13;11i, 13 12; Frankfort, 1504 151 ;
Paris, 25f.' 75c., '2sf. 80c. ; Vienna, 9 56, 957 ;
Lisbon, 30 20, 30 24 ; and Madrid, 36*.
The quotations of the Bonds were—Peruvian,
15 16 ; Colombian, 204 21; Portuguese Five per
Cents., 35+ 35+ ; the Three per Cents., 21 21i;
Spanish Five per Cents. Mk 161; the Three per
Cents., 21i 21+.
The publication of a clause in the new Bankrupt
Act, which will shortly come into operation, has
caused some uneasiness among the dealers in these
documents. This Act will reach most of the parties
usually engaged in time bargains ; and the clause
particularly alluded to provides, that all certificates
shall be void if the bankrupt, "in any gaming,
or wagering 201., or within one year next
preceding his bankruptcy has lost 2001. by any con-
tract for the purchase or sale of any Government or
other Stock, where such contract was not performed
within one week after the contract, or where the
Stock bought or sold was not actually transferred or
delivered in pursuance of such contract. A more com-
plete death blow to time bargains can scarcely be
conceived.

(From The Sun of Last Night.)
The advance which took place yesterday in the
prices of funds, has been fully maintained to-day, al-
though jobbers have considerably curtailed their ope-
rations—Consols are 92* 93* for Money, and 93* 93+
for the Account. New Three-and-a-half per Cents.
1011; India Stock, 249 250 ; Exchequer Bills Old,
51 53; New, 49 51 prem.
Business in Foreign Securities has been limited,
but prices are firm. The transactions have been
chiefly in Dutch Two-and-a-Half per Cents. 521;
the New Five per Cent. Loan at 100* ; and the
Danish at 83*.
A further rise has to be noted in the quotation for
i
Mexican Bonds, which has been as high as 35i-, with
the prospect of going still higher:
The purchases in Shares have been but small, and
consist of London and Birmingham, Quarter Shares,
481; South Western, 594 ; Brighton, 33:- ; Great
North of England, 844 ; Edinburgh and Glasgow, 49.
Time bargains have been made in Portuguese Five
per Cents. at 35 ; Spanish Five per Cent. Bonds, 161,
and the Three per Cent. Stock, 21*.
The deficiency in the income of Portugal according
to the budget just presented to the Cortes, is far
greater than had been anticipated, and has caused
much disinclination to deal in the bonds. As is
usual with all these countries, the interest upon
the foreign debt is the last thing to be cared for, and
it would appear that the creditors have but a small
chance of obtaining any portion of their claims. The
Finance Minister of Spain is also,. it is said, en-
deavouring to raise money on the mortgage of
the reversion of the Almaden mines, which some
years since were appropriated to pay off the bond-
holders ; yet in the face of these facts it is being
endeavoured to persuade the public into the purchase
of these documents, in the expectation that they will
be paid.
MANCHESTER STOCK EXCHANGE, SEPT. s.—We
cannot report any improvement in our Market. Man-
chester and Birmingham, 23 to 24 ; Edinburgh and
Glasgow, 48+ to 481 ; Ditto Quarters, 5+ to s*;
Manchester and Leeds, 73 to 75 ; Ditto Quarters, 4
to 4+; Bristol and Exeter, 44* to 46i ; Manchester
and Salford Banks, 10+ to 101; Manchester Assur-
ance, 91 to 9:i.