The Sun.
London, England, 1847-01-08 00:00:00

MONEY and COMMERCIAL NEWS,
CITY, QUARTER TO. THREE.
The Cotton market at Liverpool yesterday was quiet.
Sales 3,000 bales, all to the trade. There aas no al
teration in prices. Shares were much the same.
The capose of the Bank of France has excited much
interest here, because of the recent rapid reduction in
the amount of bullion held by the establishment,
and it is inferred from the statement that
the principal cause, as alleged, is undoubtedly the with-
drawal of the large amount of deposits usually left by
the Treasury in the Bank coffers, as well as the in-
creased liabilities which the parent establishment has
incurred by the fi)rmation of branches in the provinces.
This has been done without the least addition to
its capital, and, in fact, as the result proves,
with a positive diminution of its resources,
owing to the scarcity of money, both with
the Government and the mercantile community,
having prevented their leaving the usual balances to
their credit at the bank. The calculation made that the
actual sum with which the Bank of France conducts its
business is under 18,000,000 francs, cannot but excite
surprise, if not some uneasiness, because of the mani-
fest impolicy of lucking up so large an amount of its
means in rentes, while at the same time these have
afforded too handsome a profit to the corporation, while
trading upon the Government deposits, that the direc-
tors will be extremely loth to sell out largely. For
its own stability, however, not only must this
course be resorted to, but there must likewise be a
restriction of discounts, either by limitation of dates cr
advance of terms. With every desire to accommodate
the mercantile community of Paris, we do not see how it
is possible for the Bank of France any longer to delay
the necessary measures for easing its own position.
In the accounts from the West Indies we find
nothing of particular novelty. The weather was
favourable in most places for the growing
crops, although in some districts too wet for
sugar making. In Barbadoes, for instance, certain
parts were under water, a great contrast to their blighted
appearance for so long a period during the distressing
drought which prevailed until very recently. The
planters of Jamaica, and the other Colonies, manifested
still very great dissatisfaction at the reduction of the
sugar duties here. As to the state of affairs in Mexico,
there is much written of Santa Anna's proceedings, but
very little that can enable us rightly to appreciate his
chances of success against a persevering and well fur-
nished enemy.
The advices by the Crane packet, from Rio de Janeiro
and Buenos Ayres do not seem to communicate anything
of particular import.
The funds have been rather firmer to-day, and the
business done is to a moderate extent. The dividends
are now in course of payment, and there is a fair
attendance of annuitants at the Bank. It is
as yet too soon, however, to determine whether
much of the interest received will be reinvested
either in stock or shares. We are inclined to believe,
however, that after payment of the railway calls falling
due, the surplus will be pretty well absorbed, and it is a
blessing for the working classes that such will be the
case, because railway payments become actively circu-
lated, 'whereas stock investments merely go to enhance
the market value of the funds. Consols are 93i I,- for
present transfer, and 934 for time. The New Three.
and-a-Quarter per Cents. have been 951 and the
Three per Cents. 93i to 94i. Bank Stock is worth
2051 to 206. Exchequer-bills are very firm to lls. to 14s.
premium.
There is very little business doing in the Foreign Stock
Market. Portuguese Four per Cents. are 371, Mexican
have receded to 231 owing to a letter written by Santa
Anna disapproving, although not revoking, the conver-
sion, which, in fact, it would be impossible for him to do ;
Chilian are 95, and Dutch Four per Cents., 92'4- to 93k.
Railway Shares have been very well maintained again
to-day, though not so brisk at present as they were
yesterday.
Bltlla6l-1 FUNDS THIS DAY AT ONE O'CLOCK.
(From the Official List.)
Bank Stock OO6 205
3 per Cent. Reduced Annuities ... 93% 94/4
3 per Cent. Consols Anus 93% %
New 314 per Cent. Annuities
Long Annuities, Jan. sth, Expire 1860 9%
Do. 30 Years, Expire Oct. 10, 1859 9 11-16 3/4
Consols for Opening ., %
Exchequer Bills. 11/2d.
1,000/.
5001.

Ditto Small
1-RICE OF FOREIGN FUNDS AT ONE O'CLOCK.
Chilian Bonds, 6 per Cent....,... .. 95
Mexican Bonds, 1846, 5 per Cent 28%
Ditto for the Account 23:yi 1/2
Portuguese 4 per Cents
Ditto for the Account... 371/2
Dividends on the above payable in London.
Dutch 21/2 per Cents
Ditto 4 per Cent. Certificates
BUSINESS DONE IN RAILWAY SHARES AT ONE O'CLOCK
RAILWAYS. PAID. PIE SHARE.
Aberdeen
Amber., Notting., Boston, &c. 2% — to
Armagh, Coleraine, & Portrush 1% - to
Belfast and County Down ..
Birmingham and Gloucester..loo
Do. New (iss. at 71/2 dis.).. 17%

Birmingham 8: Oxford June... 2
Birmingham, Vol., & Dudley 425. ... . 6% p... to
Birming., Wol., & Stour Val. 4`2s —
Birkenhead, Lancashire, and
Cheshire Junction 2% — ..... to
Boston, Stamf , & Birming... 225.
Bristol and Exeter
Do., New -

Bristol and Gloucester
Bristol and Liverpool June—. DA to
Buckinghamshire B4s.
Caledonian
Ditto, Half Shares
Ditto, Clydesdale Junction 25

Chester and Holyhead 271/2 .... 251,4 to
Cheltenham and Oxford
Clarence. lOO

Do., Ist Class, 6 per Cent... 10 . •.. to

Do„ 2d Class, 5 per Cent... 10
Do., Gov. Loan, 4 per Cent. 10
Cork and Killarney 2l/2.— to
__ _ .•

Cork and Waterford 1122
Cornwall
Ditto, Half Shares

Direct Northern Scrip 21%...... 234-- to
Direct Norwich 1
Dublin and Belfast Junction.. 121/ 5l/2 to
Dublin, Belfast, & Coleraine 214, — ...... to
Dundalk and Enniskillen ... 10

...
Eastern Counties 141. 16s 23 22% to 23
Do. New ..
Do. Perpet., 5 per ct. No. 1,61. 13s. 4d —
Do., do. N 0.2,6/. 13s. 4d.
Do., York Extension
Eastern Union

Ditto, Quarter Shares
to

Do. Extension to Harwich 1%......

Do. Cambridge and Ely ... 2
East Lancashire
Ditto, New
Do. (late Preston &Ormsk.) 5 ... to
...

D 0.,. do., New Scrip
East Lincolnshire ... 114 3% to
Edinburgh and Glasgow 5O — to
Ditto, Half Shares

Ditto, Quarter Shares 12%
Edinburgh and Northern ... 121
Ditto, N

_Atte, New
Ditto, Newport .. ... ........
Ditto, ditto, New ... 11/2 34...... to
Edinburgh and Perth

Ely and Huntingdon
Exeter Yeovil, & Dorchester 2% l/ to
Glasg., Dumfries, & Carlisle.. 5
Glasgow, Kilmarnock, & Ayr 50 — to
Ditto, New
Do. IA Shares (5 per ct. gua.) 12%
Goole, Doncaster, Sheffid., &c. 2 -

, -
Great Eastern and Weste;n... 21/2 ...... to
Great Northern (London and
York Regd.)
4 to
Do. (Direct North. Regd.) 33/ 4
Gt. South. & West. (Ireland) 271/2 2Bl/2..... to
Great North of England 100 .....238
Ditto, New 5 — to
Ditto, New l5 ... .. .. ... to
Ditto, New 1%...... 19%..... to
Great Western B5 133
Ditto, Half Shares . 50
Ditto, Quarter Shares l2l/2 2114- .. to
Ditto, Fifths
Do. New
Huddersfield and Manchester 13 .. -.
Dittc, Extension
[lull and] Selby 5O lO7l/2- - to
Ditto, Quarter Shares 12% 231/2 ...... to
Ditto, Half Shares 25
Ipswich & Bury St. Edmunds 14
Do. do. and Norwich
Lancaster and Carlisle SO
Do. New

Leeds and Bradford
Leicester and Bedford l6s.
Leeds, Dewsbury, & Manches. 271/ 37% to 38
Do., Branch % Shares 2% — to
Ditto, Branch (Blue) - —
Ditto, Extension (Green).. 2 % —
Leeds and Thirsk ......... ...... 17% 16% to
Ditto, New
Do., do., Prefer., 6 per Cent 3l/2. .... 4-18 to
Liverpool. Crosby, and South-
port.
Liverpool, Manchester, and
Newcastle Junction. ...... ... 21/ .... . to
London & Blackwall...l6l. 13s. 4d — to
Do. New .
Do. Extension
_.. ..
_7l/2 —

Loud., Bright., & South Coast 50
Do. Consolidated Fifths.. 40
Do. Consolidated Eighths... 10 ......
to

Do. Guaranteed 5 per Cent. 9 ......
London and Greenwich... 121.155. 4d... 9% to
Ditto Preference lBll7s 2d... ...... to
London and North Western..loo ......1991,2 to 199
Do. Quarter Shares
Do. do. New ...... .... ...... 2
Do. do. Fifths
Do. Quarters ... G. J. 5
Do. 401. Shares.....L. &M. 8 .
Do. 40/. Shares...M. and B. 40 ...
Do. 10/.... M. and B. (A.) 5 .
..... .
Do. 10/. .. M. and B. (B.) 5
Do. 10/. ... M. and B. (C.) 1
London, Oxford, and Cheltm. 1%......
London and S. Western.... 411.63 10d 65% .....
Do. New consolidated 8 ths.. 40
Ditto New ........... .. ....... 21,4......2 271,4 to
Do. New .... . .. 18
Ditto Tenths
5 .... 511eis' ... to
••
Ditto Tenths
Ditto Scrip ~ 5
Ditto ditto
London and York...—. 2% 3v23,4... to
Ditto Extension
London, Salisbury, & Yeovil 2% — to
Londonderry and Coleraine... 15
Londonderry and Enniskillen 15
Lynn and Ely_
Lynn and Dereham
Midland 100 l3Ol/..... to 129
Ditto Fifths
Ditto, New 30
Ditto, Now -