Part 106

Q. To what does it amount?

A. Exactly L10,450.

Q. That is the total of the three. Can you give me the proportion of each?

A. For Lord Cochrane L2470, Mr. Cochrane Johnstone L4931:5, Mr. Butt L3048:15.

Q. From the state of the market on the morning of the 21st if no news had arrived such as raised the funds on that day, could any persons have sold this large quantity of Omnium and Consols without very much depressing the market?

A. I should think not certainly.

Q. Do you remember at what price Omnium left off on Saturday the 19th?

A. I have referred back to the books; I cannot state from my own memory.

Q. Have you the books here?

A. No; they are the books of the Stock Exchange.

Q. Mr. Wetenall's accounts?

A. Yes.

Q. How soon after the business at the Stock Exchange began on the morning of the 21st did the news arrive there?

A. I should think in about half an hour after, but I really am not quite certain to that point.

Lord Ellenborough. The business begins at ten, I believe?

A. Yes.

Mr. Gurney. As soon as the news came, had it a sensible effect on the funds?

A. Yes; a gradual effect, according as the report was believed.

Q. Do you remember after some time whether there was any check or decline?

A. Yes; there was about the middle of the day.

Q. I mean the first decline.

A. Yes; afterwards they recovered.

Q. To what was that recovery owing?

A. It was generally attributed to the news that came through the city.

Q. You mean the chaise coming through the city?

A. Yes; it was generally believed it was a confirmation of the former report.

Q. Did that second rise which took place upon the chaise going through the city, extend still higher than it had been on the report of the arrival of the messenger?

A. I think it did.