The Sun.
London, England, 1849-06-12 00:00:00

CRIMINAL COURT-(THIS DAY.

OLD COURT.
(Before the RECORDER and Sir PETER LAURIE.)
THE CASE OF PATRICK HAY.

At the sitting of the Cour& thi,i morning Patrick Hay,
charged with fraudulently obtaining money from a
clergyman, was called upon to surrender and take la's
trial, but, as he did nut appear, his recognizsoces were
estreeted.

Mr. RYLAND, who appeared for the prosecutor by di-
rection of the Court, said there were two indictments
against Patrick Hay, one for having fraudulently ob-
tained the money, and the other for having with Alvez
conspired to obtain it, and as Hay had not surrendered,
there would be great difficulty in proceeding with the
indictment for conspiring against Alvez, and would only
be wasting the time of the Court.

The RE-connEn—Ther:cogt;izances had better be
estreated at once, and a certificate sent to the Exche-
quer, and let the indictment for conspiring be postponed
till next session, and Alvcz discharged on his own recog-
nizances for 2001.

Thomas Jones pleaded Guilty to burglary in the dwel-
ling• house of Henry Brett, and was sentenced to twelve
months' imprisonment with hard labour.
James Green, described as a tailor, pleaded Guilty
to feloniously breaking into and entering the dwel-
ling-house of Robert Davis, and stealing therein four
pairs of boots, three shoes, and other articles, value 61.,
and was sentenced to imprisonment for twelve months,
with hard labour.

Thomas Stain, a wadding maker, aged 42, was in
dieted for stealing a handkerellief, value Is. 6d.,Ei pro
perty of Charles Burton.

nThe prosecutor, on Sblturday, the 14th of May, lost
his handkerchief, which was afterw&rds in possession of
the prisoner,

The prisoner said he picked it up, and was seeking the
owner, when he was given into cuitody.
He was found Guilty, and sentenced to seven years'
transportation, a !ormer conviction having been exhibited
against him.

h IV CU t
(Before the COMMON SERGEANT.)
The Court was engaged the whole morning trying
Mint cases, involving no feature of public interest.

MONEY and COMMERCIAL NEWS.
CITY, QUARTER TO TIIIIEE.
The Cotton M .iket at Liverpool yesterday was active,
8,000 hales having changed hands at the full currency of
last week. The sales included 3,000 American for ex-
port and on speculation.—ln Railway Shares but little
business was dune, end generally at lower prices.
The markets for colonial produce are rather quiet, but
there is no particular change in prices.
Letters of late date have been received from the prin-
e'pal stock markets abroad. At Vienna on the 6th inst.
the funds were well supported, and shares were higher
at Berlin on the 81 inst.; there was likee ise a wore
tavoursble disposition, and improved prices were paid.
At Frankton on the 9th inst. these was an advanc • in
Austrian Stock, but no change in other securities. The
Five per Cent. Austrian Bonds were at 73.
A scale of pilot dues has been arranged
at Ostend, which is of some length, but it
may suffice to say, that in summer the charges will
range from 18f. to 130 r. 500., and in winter from 211. to
1391. 50e. fur vessels crawing 14 to 55 decimetres.
The American advices are considered favourable, and
the rate if exchange on England was up to 1081
A most important matter for railway shareholders in
general is a better system of account keeping, and we
could wish that there was a little more unanimity on this
point. Some parties are in tavour ot the introduction of an
official auditor, paid by the company, and appointed by
the shareholders, instead of the appointment of mere
honorary supervisors, but first in importance is the adop-
tion of a stated plan which will serve us a sure founda-
tion for the future, and remove the admitted complica-
tion that now exis!s. Mr. Samuel Nutley, a professional
man, furnishes seine suggestions for the management of
railway accounts, and a word or two on audit, and among
other remarks state:—
" As the accountant proceeded ho would meet with
expenditure, which, from its magnitude, from the con-
tracts known to be entered into, or from other causes, he
would at once perceive affected revenue for a longer pe-
riod than the year. As regarded this class, he would
have to bear in mind the frequent change that is takinr,
place in the proprietary, and the injustice it would be
to burthen many of whom it at present consisted through
the diminution of their dividend, for the benefit of those
who might come in afterwards. It is quite clear that by
charging revenue at once with such expenditure, the former
would, in all probability, receive a twofold injury—first,
by a reduced dividend; and, secondly, by the sale' of
of
shares at a reduced market price. This class of expen-
diture can only occur atter a lapse of years, through
wear and tear, either of the permanent way or rolling
stock, and when, it is to be presumed, a ' depreciation
fund' sufficient to cover it would be in existence; but,
whether or not the salutary precaution of making such
a provision had been taken, the accountant, un-
aided by others, would not be the competent party to
decide what portion of such expenditure to charge
to the revenue of the current half-year. It is
only through the watchfulness of the board, or its
finance committee, over the expenditure of the company,
that error under this head could be guarded against.
The requisite estimate can always be obtained from the
proper quarter, and they have then only to direct the
accountant to be furnished with a copy of their minute,
setting forth bow such expenditure is to be treated. We
have heard a great deal about items of this kind being
charged to capital; or, in other words to one of those
accounts in which the capital stands invested; but it is
difficult to imagine how so g• eat an error could
be committed without early detection, unless through
the wilful intention of deceiving not only the share-
, holders, but the public at large. A mere glance at the
balance-sheet would show a certain amount of net re-
venue, but the available assets would at once appear in-
sufficient to divide such amount amongst the proprietors.
Would it not, utdra such circumstances, occur to the
least initiated in accounts to put the question How can
such an amount of net revenue have been made, if it is
nowhere to be found?'"
We answer unhesitatingly that it would occur to any
one, and that the simple reason why shareholders sanc-
tioned in many instances the payment of dividends
which they were aware had not been earned was, that
they hoped for such an increase of traffic and general
prosperity as would have maintained the dividends, and
met the deficiency of past earnings. So far a great mis-
take has been made on all sides, and while regretting
that mismanagement or extravagance have made the
matter even worse, we have but to hope for better times.
This is account day in the English Stock Market,
and there has been a rise in cons, quence, buyers
having taken up stock in many instances. It must be
remembers d also that the dividend due in about three
weeks is included in the present Consols pricesad 92 to
for delivery, and 92 to 92} !or the opening. The New
Tree-and.a-Quarter per Cents. have realised 91 to 91k,
and the Three per Cents. 90} to 901 Bank Stock
is worth 1941. Each, quer bills have realised 45a. to
48s. premium. The settlement is going off tolerably
well, and the Bulls seem resolved to carry on their
account, but at the hour of our writing, the
market is not quite so good, in consequence of the
report of the taking of Rome not having been con-
firmed. We quote Consols 91a to 92 for transfer, and
92k a for account.
In the Foreign Market Mexican Bonds are higher,
and it is understood that _ there is a remittance

for this dividend advived by the steamer fro,'
America, the money being on board the West Indic
steamer nx-'• c•w . ‘V iht h. Cuupwis Mexic:ln Bondi
have been 2,11- -',l-, arid without 26Z- to "71. Peruvian
Stock has oet.ti a:: 52. lii-itzil Old Bonds are 79.
Spanish Three per Cents. have been 331 i. and Portu-
guese Four per C. nts. 27;1,- to 28. Russian Bonds
have been at 101. Duch Two-and-a-Half per Cents.
are 491.
Railway Share,, though quiet, are firm. Eastern
Counties have riien a little, and Bristol and Exeter are
at fuller rates. North Western, Brighton, &c., are
steady. Fl ench Shares are neglected .
oNE 01,0*-4NG
- • - , I:., fs • U. , ~, ', 1 o,,:ti. I,TAICE.B
lank Stock . 19414 191%
3 ;:or Cent. Reduced Arms... ... .. 90 %,A % 90%
per Cent. Consols Am:wit,. 8 91% 921 A 92 92
3 per Cent. Annuities,l726.. .....
New 3 per Cent. Anns.... .• 9II, 91 911
-6,9l%Auras.Lung As. to expire Jan.l 8( ) -16 8 16
Ditto, 30 years, Oct. 10. 1859 -16 8 6-16
India Bonds, 1,0001. ... .. 71 p
Ditto under 1,0001... _,,,. 68 p
Consols for Opening 92 921,04 92%
Exchequer Hilts. I IA& & 2d.
1,000/. June 45 48 p
500/. June
Small. June 45 48 p
PIIICES OF FOREIGN k U.Nllei 07,4
0 ,LOCK.

Brazilian Bonds

48 p
48 P
48p
cLuell*d
ryanEs•
79

Ditto, Small 7B 75
Buenos Ayres Bonds, 6 ner Cent. 38
41exicen, 5 per Ceiv 1846, with Coupons 29%A 29%
Ditto, Ex Coupons
Peruvian Bonds, 6 per Cents —
Ditto, 4 per Cent. Active......, 52 52
Ditto Deferred — 14
Portuguese 5 per Cents. —.—
274
Ditto, 4 per Cent 27rB 28
Russian Bonds ..... 101 100;L4
Spanish .3 per Cent. in4o
Ditto, 3 per Cent .... 3 IV% 33'i4
..
Venezuela Bonds, 21Ai per Cent —
Ditto. Account
•• •• t 2
Dividends on the above payable in London.
54
Belgian 4 4 per Cent -
79
—_,
50%
Dutcli 2% per Cent., 12 Guild 493A
76
Ditto. 4 Der Cent. Certificates
PRICES OF
R Ail MAY SHARES. PAID.
...
Anr
OI3ENEE.Sos,CDLOOCNKE. Crrig..3.
Aberdeen, 50 -

.....,, ... 44
Do. Preference
Iristol .and Exeter 9O. , ...... 65 ............• Lyijg
Ditto, Thirds
271,4 1914..
`aledonian
hester and Holyhead... 50
%
Eastern Couvities... ... 20 —...... 8%% 8
Do. New Guaranteed
6 per Cent ...
Eastern Union, Class A
(late E. . Shares) 25
5%
Do., Class B (I. & B.) 2214 — 27%
Est Lincolnshire
4234
.dinburgh and Glasgow 50 ...... ...... •••• ••• 1%
-xeter,Yeovil, & Dorch. 2% l5/8 9S
rear Northern
Do., 142 B 6 per Cent... 71,4 ....4.
ig
Do. Extension 2!42...... N % O2
rest North of England.loo .....
Great Western 100 ......
Ditto, IA2 Shares
Ditto, 14 Shares
Ditto, New 171... .. .. 15 ... .. 10U1A
....•

Lancashire & Yorkshire 93 .....
Ditto, ditto
Do. Thirds ...
15 7 4%
Do. (W. Riding Union) 9 .. ... 4 ............ .. 99
Leeds and Bradford
.orolon, Brighton, and
London and N. Weitern 1005° 166114A1412.6.... ............ 132:61
South Coast
Ditto, New Quarters
Ditto,Fiftha ..... .. .. 2 .... 7
.on ~ 6.- ,W, stern ...... 50
Ditto, Thirds IC/.135.41.... 5141% dis. ...... 5a
Aanzhe.ter..Buxton.and

vlatlock. .
Midland
Do., do., 5-oi. Shares 25 ... .. 1234 34...
g 4
Do Birm., and Derby 100
......
Norfolk ..„....„ .......... 100
Do.i.owestoft(4 per ct) 20
Nirth Brifiqa „... .. 25 .... - 1314;••• ..... • ..... 1170
North Staffordshire l7 y..... 12 ........ ......
Reading, Guildford, and
Reigate l5 ..... ...... .. ......
Royston and Hitchin
Scottish Central . 25 231 A....

1
68
124

15%
234

._ _. ........... -04
Shropshire Union
SJuth Fest^r ,
Do.. Registered No. 4 10 ......
Do., Scrip No 4
South Wales
York, Newcastle, and 204

Berwick. ..........«... 25
Do. Newcastle Exten. 20
D. U.N.E.l'reference 8 ... 443
york and North Midland 50 ..... 31A 32
Ditto, Preference lO
FOREIGN RAILWAYS.
Boulogne and Amiens... 20
Datche'Rhenish ..... 34.. ......
Northern of France
Orleans and Bordeaux.. 7
Paris and Strasbourg ... 10
Sambre and Meuse 2O ..... 2% ...............
JOINT STOCK BANKS.

British North American 501 1 ...... .., ......
Lyndon Joint 5t0ck...... 10

13;
Oil
32
5%
634,
IA

A
2:4
3114
21i

go
151/4

LLOYD'S SHIPPING--THIS A 1(1
LONDON, JUNE 12.—Wind W., derate breeze, 10-
fine.
DEAL, JUNE 11.—Wind N.E. to E.N.E.—Arrd. rtaraf'
Dixon, Honduras.
PORTSMuUTH, JUNE 11.—Wind N.N.E.—SId. Ellen
borough, Madras and Calcutta. A fill.
LIVERPOOL, JUNE 11.—Wind N.N.E.-10th,
Quabcc, St. John's, New Brunswick; Johanna, 1;111„1/'":
Iceland; Freden, ditto. 11th, Mersey, Cubbar,
ranham; Highland Mary, Berwick, Halifax. loth, b.lO,
Commerce, Baltimore; Vandalia, New York; Fels d•
Wood, Halitux. 11th. Montezuma, New York. Ar
New Yolk, Cropper, New York.
LEITH, JUNE 9.—S:d. Sarah, St. John's, New Brilfir
wick; Afton, Philadelphia.
•

ArIARKET NEWs THI S DAY")
HAY
Os le
er
SMITMFIELD.—Meadow Hay, 2/ l to 31 15s;
ditto, 2/ 12s to 51 Os ; and straw, 11 83 to 1/ 138 13
oad. Trade dull, at the above quotations. , iji;
CUMBERLAND. Meadow Hay, 21 12a to 3' go
Clover ditto, 2/ 15s to 41 15s ; and Straw, 11 °3
I/ 15s per load. Supply moderate, and trade dull* ,50 ;
DITECHAPEL.—Meadow Bay, 2/ 103 to 31
Clover ditto, 21 12s to Si Os; and Straw, 1183 tO t et
per load. Both hay and Straw moved off slowly,
prices were well supported.

COLONIAL. niet;
SUGAR.—The market for British Plantation is cid by
sales only 160 hhds Mauritius, 3,800 bags effere the
auction found ready buyers at former rates tor reji
mid and lower qualities, but the better sorts b3OOO
maintained the previous value ; mid to good Y:sd
realised 38s to 29, 6d; low to fine grey, 3'5,01
to 39s 6d ; good brown, 37s to 375 6a ;
crystalised, 431; Bengal, 1,680 bags, mostly,"ai.
at fully previous prices ; very fine white Itfri go
pore at 50s, good to fine white grainy at 439 430.
475, and low to good white Benares at 39s 6d t 0 aid
Priva•elv 2,000 boxes yellow Havannah have bees' 'ad
at 22, el The quantity of British Plantation 1/13660
last week at the East and West India Docks Was '' for
hhds 195 tierces 1,236 barrels; there were takehAj•
home consumption 1,443 hhds 170 tierces 586 bta_rrow7o
The stock in the same places was 14,403 bbds
tierces 4,493 barrels. resg
COFFEE.-36 casks 14 barrels Jamaica 11° irt-
steady rates ; 1,200 bags Native Ceylon sold with 4)fid•
at
du
y 3
vte
.e2ouers:3l,6o2aadfstht6f4sgloil,3ll;da3pcirc3reoistac'roodedrsfrbvrgvaeigaizitstl goodgo d ordinary,
ordinary
211 being ?to a:4
extreme
quality
iatty3;oss,3oa nbdra:gnasgnbidni heg:_;157.40-
rgoai
29s 6d to 35s 6d ; but 150 bales Mocha rates, ranging
el"
withdrawnzßua.—The
m .
Tabove
quantityth e present
landed
1514uEe.hashtd an 3 bete
India Docks last week was 477 puns
were taken for home consumption 175 puns 16 hhcw'"toe
exported 63 puns 110 hhds. The stock in the °'
places is 20.908 puns 609 hhds. for
RICE.-870 bags Bengal found buyers at 8s to 9s
low to mid white, being again rather easier. .adto
SPICES.-980 bags Pimento sold steadily at 05
3id per lb. aria
TALLow.—P.Y.C. is 355 6d per cwt. on the spot,
town 39s 6d.
TEA.—The market is steady, and the
deliveries for
consumption are fair.

A concert in aid of the funds for building a —tber
e
man Lutheran Church at Hull will be given at of
Queen's Concert Rooms, Hanover-square,to-worrairl
at two o'clock. Madame Palm, Madlle. Nissein'th-eir
other distinguished artistes have kindly ofiereu ilett
gratuitous services; and Herr Strauss and . le-
Roder have promised the assistance of their ce
brated bands. report
rep
SOUTHAMPTON, TUESDAY MORNING. The ',400$
just received from Havre states that the cotton 131;ices,
was yesterday exceedingly dull, but no change in P'"
Sales 419 bales. Indigo active. get
FRENCH PLAYS.—ST. JAMES'S THEATia*--citli
Majesty and Prince Albert honoured this theatre -ea
their presence last evening. The Royal suite conlPr't4ol
the Countess of Desart, the Hon. Miss Neff, .I'i-ire
Listowetl, Colonel Phipps, and Colonel Bouverie•
observed also the Duke and Duchess of Beattfortietitr
Duke of Leeds, the Marchioness of Worcester, j sod
ebioness of Abercorn, Lord and Lady Villiers, Pr' the
Countess Craven Lord Cranborne, Lord Lilforth
Countess Grey, Lad Lyi.dburst, Lord Clifden, 64. 41°
bn
111"
Lister Kaye, Lady Quinun, Sir George and Miss
but, &c. _

00
tOn the 7th inst., at Belle Vue Ulverston Lancashire'
wife Ward ABIRTHS
of a dau
thghter.' gcf J.
At West Cliff,, Folkestone,, on the 7 inst., the ill'il
E. Lacon, Esq., of a son.

DIED. iota,
On the tth inst., at Springfield, Maidstone, VT-13s1
Esq., aged 90. 1%111
On the sth inst., at Salisbury, Eleanora
daughter of the late Sir W. Fraser, Bart' , of Bedford-100f
On the 7th inst.. at Bruistfield-lodge, near Rotn,e), '-
Henry Esq, Vice-Admiral of the Red, aged 77' pcl4
On the Bth inst., in Bread-street, Edward Curetolif who
aged 62, brother of the late Brigacier-General Curetoul
recently tell in the Indian war. " oe •
At the Royal-crescent, Brighton, on the Bth in
jamin Davis, Esq , aged 67. FollettOn the 9th inst., at Holly Mount, Hampstead, J.
Esq., late official assignee in M. Court of Ban''''`
Loudon, aged 59.

:f
London: Printed and Published by MURDOI'Uu 111
No. 112, Strand, Printer, at The Sun Office,
Strand, in the Precinct of the Savoy, ill a" 419.."7
Middles's, Imlay, dm 12, 1849.