The Sun.
London, England, 1849-10-18 00:00:00

EVENING OCTOBER 18, 1840,

Councillor of State, Colonies; Storm Von S. Grave-
sande, Member of the Second Chamber, War ; Marine,
not yet filled up ; Van Bosse, Finance. The depart-
ment
of of Religion end Public Instruction
to be merged into the Home department.
The budget for the year 1850, as submitted
to the States-General by the late Ministry,
has just been published. The expenditure is therein
estimated at 69,996,412 florins, whereas in the year
1849 it amounted to 71,825,689 florins. The princi-
pal reductions are the sum of 450,000 florins in the
royal household, 1,017,000 florins in the budget of
finance, 145,185 florins in the budget of justice. On
the other hand the sum of 100,000 florins figures in
the budget for 1850 under the head of incidental
expenses; there is an augmentation of 324,352 florins
in the budget of the Interior, 224,797 florins in the
budget of the national debt, and 29,000 florins in the
budget of the colonies.
The Second Chamber of the States-General was to
have resumed its sitting on the 16th, but in conse-
quence of the present uncertainty in regard to the
Cabinet, it will probably be prorogued till the 23d of
the month.

We learn from Maestricht that in consequence of
the numerous complaints of the deplorable condition
of the Meuse at Limbourg, the Belgian and Nether-
lands engineers have been appointed to ascertain the
actual state of the case. Their report has completely
verified these complaints, and they state that unless
the works be immediately taken in hand, the rivers
will speedily become inaccessable to even the smallest
craft. Steps will, therefore, be at once taken to
effect the necessary repairs. The railway between
Maestricht and.Aix-la-Chapelle is likewise to be pro-
ceeded with, and to be prosecuted with increased
vigour, so as to be completed as soon as possible.
The potato crop is now over in the province of
South Holland. In general it has been very fine,
and the damage caused by the disease has been to-
tally ins;gaificant. Indeed, we have been signally
blessed this season in the crops of all the produce of
the ground. The harvest has been finer and fuller
than we hAve known for years.—Dutch Papers,
Oct. 16.

MONEY and COMMERCIAL NEWS.,
CITY, QUARTER 70 THREE.
The Cotton Market at Liverpool yesterday continued
excited. The sales wire estimated at 25,000 bales, of
whch 10,000 balsa were taken on rpceulaticm, including
16,000 American, 5,600 Pernn.rn and Maranhao], and
Bahia at 60. to 7d., 1,000 Egyptian at 6Ad. to Bd., 2,000
Surat at 40. to bd., and 150 Sea Island, 11d. to is. 4d.
per lb. American is quoted id., Breall id., and Surat
r.nd Egyptian id. per lb. higher.—Railway Shares were
very dull at lower quotations.
The six weeks' average price of wheat is 425. 7d. per
quarter.
The Hibernia steamer has arrived at Liverpool, and
we have an outline of her news per telegraph. This,
upon the subject of the :money and mercantile markets,
is very encouraging, the demand for manufactures
being brhk in most of the markets, and capital suffi-
ciently abundant for all legitimate purposes. The grain
markets were rather inactive, and cotton was quieter.
Freights were low. The rate of exchange on London
was 1091 to 110.
The private advices, by the Lisbon mail, state that
neither the commercial nor monetary affairs were
flourishing, but the Government, nevertheless, seems
to be making some effort to collect its revenue more re-
gularly. The laxity in this respect, hitherto, has been
very remarkable, but may be ascribed to the inherent
weakness of the Administration.

The continental accounts report, under date of
Vienna, the 13th instant, that Austrian Five per Cents.
were 951. The Frankfort quotation on the 15th was
891. At Amsterdam on Tuesday the Dutch funds were
lower—the Two-end.a-Half per Cents. 53 7-16ths.
Spanish and Austrian Bonds were in request.
In all quarters nearly the question now very naturally
asked is " How much lower are Railway Shares going?',
Por even among parties not directly interested as holders,
the daily record in the public papers of a decline in
prices, amounting in the aggregate to probably a hundred
millions or more, especially if we take the highest values
once paid, cannot but prove interesting, and to the un
initiated, startling too. The fury of speculation, it may
be conceded, has had a good deal to do with the rapid
alterations in share values,,but we question much whether
by a more gradual process, nearly the same results
would not have arisen without the intervention of either
Bulls or Bears, wherever a disposition was manifested by
the ruling powers to throw, impediments in the way of a
full and fair investigation. A settled conviction exists
in many quarters that no permanent improvement can
be looked for until statements of the whole capital
account are made cut under the uncontrolled
supervision of professional accountants ; for even
if such should disclose a very miserable
state of things, the worst of the present po-
sition would be known, and fair data would be
at hand for every one to form an estimate of future
prospects. The closing of capital accounts is a neces-
sary ucccompaniment, but as all the great lines are
under engagement to do this, it is only needful to keep
them to their promise. Looking to the development of
traffic, it is not in the least unreasonable to affirm that
most of the trunk lines would have paid 8, 10, and
eyt n 12 per cent.; and since, with a view to the public
accommodation, and at the direct instance of
Parliament, branches have been thrown out in
all directions, to the immediate injury, though
we may admit readily to the possible ultimate
profit of the proprietors ; it is very fairly a matter for
consideration whether the shareholders cannot, with a
good grace, come before the Legislature with a request
for higher fares. Every man who advocates the common
interest in preference to that of classes will be !jealous
of any attempt to patch up private mismanagement at
the expense of the public ; but, in the first place, a very
limited addition to the fares—leaving Parliamentary
trains as they are—would serve to yield a dividend ; and
in the second place, there is positive danger,
if the very low maximum is enforced upon some
of the lines, that the branches will be virtually
closed. Any great enhancement of fares would
defeat its own object, and, by diminishing
traffic, cause the revenue to be as low as at present, but
a medium course should be advocated, and 5 or 10 per
cent. would be most likely all that is needed, allow-
ing for the certain gradual increase of tra-
velling as population and trade increase. Whatever
may be done, the posture of affairs now is most
lamentable for thousands of holders and their fa-
milies. A wholesale depreciation of capital would
be bad enough, but when we have a serious reduction
of current income, the weakest are impoverished and
involved, and the strongest shaken.
Shortly, we hope, despite the present lowering appear-
ances, to chronicle the advent of better times. Already
there are some symptoms of improvement, and in the
Stock Exchange it is reported that the weekly traffic
returns to be published on Saturday will be better. The
North-Western, it is ascertained exhibit a decidedly
smaller falling off than last week, compared with 1848.
There has been a wry fluctuating market for public
securities, the-settlement of the account being the chief
cause; but the French Funds come better, and now the
Bulls have pretty well closed or made arrangements for
carrying over their speculations, prices are firmer. The
receipt of good news from Constantinople, and the assu-
rance of a reconciliation between the members of
Louis Napoleon's Cabinet, are the chief things wanting
to give a stimulus to prices. Consols have been 911 1,
and 911 for Transfer, and as high as 92 fur Account,
but are now 911 1 for the former, and 911 g for the
latter. The Unfunded Debt continues' firm at 443. to
475. premium. Bank Stock is worth 197 to 1971. The
New Three-and-a• Quarter per Cents. have been 911 to
East India Bonds have been 81s. to 84s.
In the Foreign Market there has been a fall in
Mexican Stock of 1 per eant.j from 271 to 201.
Spanish Thee per Cents. have been quiet at 331, and
Spanish Five per Cents. at 16. Portuguese Four per
Cents. are still in favour at 331 to 34. Russian Bends
are 107, and Dutch Four per Cents. 82i.
Railway Shares have been at length assuming a more
favourable aspect. Great Western have been up to 54,
and since down to 511 and 50; North-Western have
touched 1061 and 1091; Midland, 441 and 45; North
Stafford are Ito 1 bettor. Caledonian are higher.

0.4 t O'CLOCK. utet,ll, G
emors uF I,IUTISII FUND. rRIC E s .
Bank. Stock
3 per Cent. Reduced Ann5.....
3 per Cent. Consols Annuities 9l Vxs :34 913%
New 314 per Cent. Anns.... . 917/81,0% 91%
Long Anns. to expire Jan.lB6o -16 8% 8%
Ditto, 30 years, Oct. 10, 1859
Ditto 30 years, Jan. 5, 1860 8 11-16 8 9-16 8 9-16
India Bonds, 1,0001.
Ditto under 1,0001... .....
South Sea Stock

Ditto Old Annuities
Consols for Account., 92 91%r8
Exchequer Bills. I'4d. & 2d
1,0001. June .....» ..... 44 47 p
500/. June
Small. June 44 47 p
PRICES OF FOREIGN FUNDS mix
O'CLOCK.

874
91%

47 p
47 p
47 p
OLOSLN
PRICES.

Brazilian Bonds
Chilian Bonds 6 per Cent ......
Ditto, 3 per Cent... ...-
Danish 80nd5.1825,3 per Cent.
Mexican, 5 par Cen t. 1846, with Coupons
Ditto, Ex Jan. Coupons
Peruvian Bonds, 4 per Cent
Ditto Deferred
Portuguese 5 per Cents.
Ditto 5 per Cent., Converted: 34 34
Ditto, 4 per Cent.
Ditto, Account
Russian Bonds ..... 107 107
Spanish 5 per Cent. 1840
Ditto, Passive • - 314 ...
3
Ditto. 3 per Cent
Ditto, Account.
Venezuela Bonds, 2 per Cent
Ditto Deferred
Dividends on the above payable in London.
Dutch 2% per Cent., 12 Guild. ..
Ditto. 4 per Cent. Certificates B2!‘ 82%
PRICES OF nUSINESS DONE C LOSIIs ti
RAILWAY SHARES. rALD. AT ONE O'CLOCK. PRICES.
Aberdeen 5O
Do. Preference
Amber. Nott., Boston,
and Eastern Junction 6 ...... ••••
Ayrshire and Galloway.. 7% —
Belfast & County Down 26.4 .-.

53
73%

23%

Buy

Berks & Hants Extens.
(Gt. West. Per. 5 per et.) 6
Birmingham and Ox-
ford Junct., calls duly
paid, or with a guaran. 20
Do, without guarantee 20
Wolverh' ton,
and thdley, calls duly
pd, cr with guarantee 10
Do. without guarantee 10
Birming.,Wolverlepton,
and Stour Valley 131. 14s ... •••
Birkenhead Lancashire,
and Cheshire Junc.... 20
Boston, Stamfd & Birm. 71. 4s.
Bristol and Exeter 9O ......

___. __ ___
Ditto, Thirds .... ..... 271,(
Suckingharaehire ...... 171,i
Caledonian
Ditto, New 101. Pref... 10
Di tto,Clydesclale June 50
Chester and Holyhead... 50
Ditto, Preference ls
Clarence
Do. Ist Class, 6 per Ct. 10
Do. 2d Class, 5 per Ct. 10

10%
8

10%

,
Do. Government Loan,
4 per Cent.
Direct London & Ports-
mouth
Dublin and Belfast June. 40 ......
Dundalk & Enniskillen 2714'....,
East. Anglian, 251., L. &
E. and L. and D...... 25
Do. 181., E. & H.... 18
Do., 31. 10s., Pref... 3%
Eastern Comities........ 20
Do. New, Gua. 6 per ct. 10
Ditto,Extension, 5 per
Cent., No.l 6/.135. 4d.... 14 p
Ditto ditto, No. 2...61. 13s. 4d... par x,d par x.d.
Do. North. & Eastern,
6 per Cent. -
Ditto. 5 per Cent.... 50 —
Do. New
Eastern Union, Class A
(late E. U. Shares) 25
Ditto, Class A, ditto... 3% —
Do., Class B (I. & B.) 25
Ditto, Class C, ditto... 25 .

Do. Scrip (6 per cent.) 20 144 .......
East Lancashire
Ditto, New
Ditto, New Quarters 614 —
Do., 6 per Cent. Pre-
ference Quarters ... WA( ..............
East Lincolnshire ...... 25
Edinburgh and Glasgow 50 .
Ditto, Half Shares ... 25
Edinburgh and Northern 25
Ditto, Newport l5
Exeter.Yeovil, & Dorch 2aa —

_ c Fi

3%

15
13%

Exeter and Exmouth... 21s.
Glasgow, Dumfries, and
Culla° - ••...51,6a.8d,..,

We sgo w,liilmar.,& Ayr 50
Lo. Preference Consol.
Great Northern
Do., 1/2 A Deferred
Do., %B 6 per Ctnt... PA...—.
Do., 5 pee Cent.. Pref. 7 %.2 ••• ••• ---
:Mat South. and West.
(Ireland)
'mat North of England.100
Ditto, New, 401 4O -
Ditto, ditto
Ditto, New, 301, .... 30 -

6%

61%

Ditto, New ,15/ l5 .. ..
Great Western
Ditto, % Shares 5O —
Ditto, 14 Shares
Ditto, Fifths ... 20
Ditto, New 171... ..... 15 ...
Hull and Selby .. ...... 50
Ditto, Half Shares ... 25 ......
Do. Quarter Shares... 12% — ...... —
Lancaster and Carlisle... 50
Ditto, Thirds
Lancashire & Yorksbireloo
Do. do. M. B. $ 8... 98

Ditto, ditto •
Ditto, 14 Shares
Do. Quarters ...
Do. Fifths... .. .10
Do. Thirds .. l5
Do. New Guarantied
6 per Cent..
Do. Liverp. and Bury 46 ......
Ditto (Huddersfield
and Shoff.) 5O
Do. (W. Riding Union) 9 •.... 1%34 ••• •
Do. (P!eston & Wyre) 25

1 1 :Yi

13/4

D0.1,‘ Shares (X.)... 10
Leeds and Bradford
Leeds and Thirsk ...... 50
Do., Prefer. 6 per CL 5 -
Do., Pref. C;ustr.,lBl3 9
Liverpool, Crosby and
Southport .... ... 10
London & Blackwall...lll. 6s. 3d...
London, Brighton, and
South Coast... .....100
Do., New Si., guaran-
teed 6 per Cent..... 100
Do.Guarant. 5 per ct.. 9
Do. Prefer. 5 per cent. 50
Ditto, ditt0...... 1852 50
LondonandGreenwich 1211554 d...
Ditto, Preference .. .20 —....
Loudon and N. Western 100 109% 107 108 1061/1 103
Ditto, New Quarters.. 12 ...... 121/it 11%
Ditto, Fifths 7 ..... 7%
Do. 401.Shares(L.M.) 35
Do. 10/. (M. & B.) C. 1 2
Lond.& S. Western ..... 50
Ditto, New 501. ......
Do. New 404 34 •••...

....,
2%

2!4
28%

Do., New Scrip, 1848,
Pref. 7 per Cent. ... 5
Londonderry &Coleraine 25
Do. IA Shares ... 33/4 - 00000000 ••••...
Londonderry and Ennis-
killen 25 ....le ..••
Do. 14 Shares 5 ......
Lowestoff, guar. 4 per ct 20 ...... ... —
Ditto (6 per ct.)
Manchestor,Buston,and
Matlock
Manchester, Sheffield,
and Lincolnshire...100
Do. Quarters (No. 1) 23
Ditto ditto (No. 2)... 25 -

Do. Ya Shares (No. 3) 12%
Do. New 10/. Pref..... 10 1011,%

10%

Ditto, Gt. Grimsby ... 50
-- ..«.......... ......
Ditto ditto . ......... 19
Ditto ditto
Ditto Sheffield and
Lincolnshire 22%. ... .....
Do., Grimsby Dock... 25 ..... . .. .......
Do., Manchester and
lincolnUnion. .... 41. 2s.
Mijsland ...... ......... .. 100 4b 44 44% 43% 44% 4514
Do. Consolidated Pref.loo
Do., do., 501. Sham 30 ... .. 7%% 8 Bl4
Do. Birm., and Derby IC3
Do.Consol.Bristol and
Birming., 6 per ct.... 100 ll9 ... ll9
Ditto,Brist. & Glocstr. 42 — ..... ...... ...
Ditto ditt0....
Do.,ErewashVal.,Pref. 50
Ditto, Leieest.& Swan-
nington, 8 per ct.guar.leo —
Midland Great W estern
Irish 5O - ..... ••••••••••• '....

Middlesbro' and Redcar,
6 per cent. guar.
Newcastle and Carlisle.loo ......
Do. Quarters
Newmarket
Do. Extension ...... ... 2/. 125.... 40.111
Newport, Abergavenny,

t.nil Hereford - 6 ......
Newry and Enniskillen 7 —
Newry, Warrenpoint,
and Rostrevor 2O
Norfolk .......... ........... 100
Do. New 20g. ... l5
Do. Guaranteed 5 p et. 20
Do. Guaranteed 51/2 pe. 5 B— ... ........... .
Do. do. Waveney Val. 2
Northern Counties Union 4 .«... .....
North British ........ ... 25 ..... 10;4... ..... .....
Ditto, Halves ..
Ditto, Quarters
Ditto, Thirds .... .. .. 8;4 .. 3 LA1....
Ditto Preference 5 —
North Staffordshire ... 17 k 9l/il4 81A04...
North Wales . 3%
North-Western . 13% —
Oxford, Worcester, and -
Wolverhampton ...... 50
Reading, Guildford, and
Reigate l5 ..... ....... ....... 15%
Ruyocon auU riftenin
Scottish Central
Scottish Midland

101%

2%
3%
8%

4%

-------------
Ditto, New - •• •••
Shrewsbury and Birni... 12 ...... 414%... ..
Ditto ditto, Class B. 8
Ditto, New Guaranteed 8
Shrewsbury and Herefd. 4 ,
Sbrewsbury & Chester
(Nor. W. Alin.)
Ditto Halves ... ditto 9 ......
Ditto Oswestry ...... 181,2 —
.....
ir. .1
Ditto .New
Do. 8 per Cent. Pref
Shropshire Union
mouth Devon - ..

Vo. Preference -
So ith Stallerdshire si4 -- •... 000000 - •••
South Eastern
Do., No. 2.
Do., No. 3 ....... ...... 30
Do., Registered No. 4 10
Do., Scrip No 4
South Wales
South Yorkshire, Don-
caster, and Goole
Sheffield, Rotherham, &
Goole (N. Div.) Gua-
ranteed 5 per cent. :... 141,4 —
Do. do (Sou. Div.) ... 5 *MO • OM
ivtlans. & Loughor &Ca-
meron's Stan. C0a1.... 7
caw Vale Extension ... 8
Names Haven Dock
and Railway ..... ... 171
Vale of Neath ... .. 8
Waterford and Kilkenny 20
•• —
Waterford and Limerick 4714 ....
Watertd,Wxfrd,Wicklw
and Dublin
Wear Valley 6 per Cent.
Guaranteed ... .. ..... 50
D0...,_,„ do. do. ... 25
Do. do. d 0:... 15
West Cornwall
N hitehaven & Furness 16 .....
Windsor,___Staines, and _ .

South Western........ 14
Wilts,Soinerset, Wey-

mouth " 45
York, Newcastle, and
Berwick. ...... ......... '25
Do. Newcastle Eaten. 20
Do. G.N.li•Preference 8
Do. Ilartlepool Dock
and Railway lOO ...... • •• .••
Yorklano North Midland 50 ...... 20 191434 19...
Ditto, Preference ...... 10
FOREIGN RALLWAY:".

4%

Anglo Italian (late Ita-
lian and Austrian). ... 5% —
Boulogne and Amiens... 20
Central of France (Or-
leans and Vierzon)... 20
Demerara ... 17 1/2
Dutch Rhenish •••••....
East Indian
Great Indian Peninsular 5
Do. Do. ... 10s.
Louvain Lla Sambre ... 7% —
Luxembourg
Ditto -- lO
Madrid and Valentia... 2
Namur suid_Liege ...... 20 ... 414
Northern of France l4/. 88... 3 ` dis din
Orleans and Bordeaux.. 7
Paris and Orleans ...... 20 -•••••• ••
Paris and Rouen 2O maw. ••• •
Paris and Strasbourg ... 11
Rouen and Havre 20 914 x.d x.d
Sambre and Meuse
Strasbourg and Basle
Tours and Nantes ll
Tournay, Jurbise, Lan-
den, and Hasselt ...... 20
West Flanders B% • • see
Ditto ...... ..... ••• Bl,lz —

3~