22 DECEMBER 1838, Page 11

Mr. SPRINU EWE appears to have been trying a little

trick in the Ex- chequer Bill market. Two hills for Low/. each, bearing interest at three halfpence instead of twopence per diem, appeared without any notice of the alteration of interest. At first it was thought a mistake : but it was soon discovered that an experiment on the market was the object in view. Exchequer Bills at 2d. interest bore a premium of 1/(s. or I2s.: and it was hoped that Bills at 1".(1. would p: s; at p: r: lent the Bank refused to take them except at a discount of 10s; so that the result of this skilful operation was to prove the weakness. not the strength of thee market. The Bank has since taken one bill at par ; charging, it is supposed. the discount to the Treasury.