29 DECEMBER 1838, Page 9

The foreign exchanges experienced anather 'fall yesterday. and are now

quoted lower than we have known them for some years past. As the amount of drafts upon England, offering for sale in all the principal cities of the Continent. :metes to increase, we may conclude the ex- ehangee eaunot rise materially fi ir some time to come, as heavy pur- chase's of foreign corn for English account continue to be .1.1made...wrevet it can be procured, which operatiou will keep up a constant supply of drafts. The price of standard silver hats risen to the extraordinery rata of five shillings and one-eighth of a penny per ounce, with eppearance of going higher, that metal being much sought after for exportation as a remittance instead of hills. Bar gold is not offered for sale at all con- sequently those who wish to export gold bullion have no alternative but to send sovereigns, which, however, render less than bar gold. as a re- mittance, by a quarter per cent. It is not supposed here that the Bank Directors will think it necessery adimt any stringent measures for the protection of their ire a sere base and the tirdivary auntraetilIti eithiag from the withdrawal of notes excleingeti ,,suns: 'min.:al.—CA at.