THE MONEY MARKET
Tin is twopence a hundredweight dearer at Hamburgh than at Paris, which gives an exchange of 247 mille in favour of the latter capital.
A good deal of conversation has been excited by a report of its being intended by some parties in the City to establish a Bank of Issue upon equitable principles. The plan is a novel one, for there is to be no capital actually subscribed, it being expected that sufficient assets will be derived from the depositors. Shares are to be issued, to which a nominal price will be attached, and a dividend is to be declared immediately.
The association for supplying London with periwinkles does not progress very rapidly. A wharf has been taken; but nothing more has been done, which is, we believe, caused by the difficulty found in dealing with existing interests.