The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1840-11-03 00:00:00

JOURNAL OF

THE MONEY MARKET,

THURSDAY EVENING.—The improvement in prices at
Paris, and the prospect of a peace administration there, na-
turally re-acts upon this market. But it may be observed
that, as in the fall, so in the reaction, the funds here are by
no means so susceptible one way or the other as those of
Paris. For the 1 per cent. fall or rise in Paris, the corre-
sponding movement here is scarcely above one fourth. This
results naturally from the fact that the crisis touches France
more nearly than this country. Consols to-day cautiously
reached 87i buyers for money, and 8711 to s for account.
Bank Stock 160 to 1. India Stock 242 to 4. Exchequer
Bills 4s to 2s discount.

FRIDAY EVENING.—CODSOIs for money advanced to 874
to 4, and for account to 88 to 4. Bank Stock 160 to 2. Ex-
chequer Bills 3s. to ls. discount. The half monthly settle
meat of the account was opened to-day in the Foreign Mar-
ket. There was 'no feature of importance about it. The
favourable intelligence referred to yesterday had a corres-
ponding effect on the securities of those Spanish American
states to which it related. Chile Bonds rose to 50 buyers.
Colombian, after reaching 21 settled down at 234 to 4.
Mexican 27 to 1. Brazilian were 73 to 5. Dutch two-and-
a-half per cents 50 to 4, the five per cents 954 to 1. Belgian
37 to 9. Spanish active with the coupons 214 to 4. Portu-
guese five per cents 328 to it the three per cents isa to I.
SATURDAY EVENING.—By the accounts from Liverpool
it appears that the restriction of discounts by the branch of
the Bank of England in that place, acting on the orders from
home, has become extremely rigid ; su much so, that one
of the richest private bankers was refused discount for bills
having only a few days to run. The joint-stock banks in
Manchester have raised their rate at 6 per cent., and are cur-
tailing accommodation as much as possible. The private
bankers are more free in their loans, but demand a still higher
rate, 7 per cent. having been given on the best bills, having
three and four months to run, of the merchants and manufac-
turers, and endorsed by the joint-stock banks. This has
proved, however, a great relief, and the terms have been
readily submitted to, so essential is a supply at this time for
the autumnal trade. Among parties of a lower class of credit
the pressure has, of course, being very severe, and as high as
10 or 12 per cent. has been given on bills that would be
termed good at any other time, but not bearing a banker's
endorsement. _ . _

A great number of short bills have been sent up by the
joint-stock banks to the London bill-brokers for discount.
Long bills they refuse to discount on account of the late
Bank notice. Some bills were refused by a broker at a dis-
count of 6 per cent. and per cent. commission.
In the English funds a good deal of business was transacted
to-day, and among the bargains closed in' consols were seve-
ral purchases, ranging from £25,000 to £60,000 for invest-
ment. Business like this could not fail to support the
market, which ultimately closed very firm at about yesterday's
prices—namely, consols for money 87 •to I, and for the
account 88 to Tf. Bank stock closed 160 to 162 ;' India stock
243 to 245 ; and Exchequer bills 3s. to Is. discount.

The foreign stocks have been in a comparatively passive
state, and prices have not materially varied. Russian is firm,
at 110 to 111 ; Spanish, 21i to 1 ' • Portuguese 5 per cents,
32i to 33 ; Dutch 2+ per cents, 50 to + ; Colombian, 23+ to
; and Mexican, 27 to I; Chilian is quoted at the advanced
price of 521.
Shares of all descriptions remain much the same. Great
Western are 13 to 15 premium •, Birmingham,
.66 to 68 pre-
mium ; North Midland, 24 to 22 discount : righton, 131 to
13+ discount; and Blackwall, 5+ to + discount.

TRIAL OF HENTY

The court-martial at Sheerness was brought to a termina-
tion on Saturday. Evidence to character of a very superior
kind was given in favour of Henty, whose defence in writing
was then submitted to the court, and read by the Judge
Advocate. The verdict was to the following effect :
" The court is of opinion that the first charge—namely,
that of a breach of duty, is not proved. That the second
charge, that of disobedience of orders, is not proved ; and
that the third charge—namely, that of having on the said
2d day of October made a false report to his superior officer,
Capt. Sir J. Hill, of the extent of a fire which in the after-
noon of that day had taken place on board the said ship
Camperdown, and of the circumstances, is fully proved
against the prisoner. But from the circumstances of his
extraordinary good character for skill, zeal, carefulness, hu-
manity, and general good conduct as fa carpenter of her
Majesty's navy, the court doth adjudge the said John Henty
to be only severely reprimanded and admonished ; and the
said John Henty is hereby severely reprimanded and admo-
nished accordingly." The verdibt seemed to ',cause consi-
derable satisfaction amongst the spectators ; and the pri-
soner, on leaving the state-room, was warmly congratulated
by all his brother officers, and many respectable inhabitants
of the town.