The Sun.
London, England, 1847-02-23 00:00:00

MONEY and COMMERCIAL NEWS

Tl', QUAIrIER TO THREE.
The Cotton Market at Liverpool yesterday was firm.
Sales 5,000 ',aka, including 500 for export, and .500 00
speculation ; 4,500 bales were American, and realised 61,d to
73/4d per lb; 200 Egyptian, 71d to 9d; and 200 Surat, 4%d
per lb. The market closed rather firmer. Shares had beau
rather dull.
The details of the Budget are so fully given and com-
muted upon in another column of The Sun, that it is un-
necessary to recapitulate them here, and we may merely
remark that they are considered to be quite as favourable as
could, under the circumstances, have been anticipitated, and
that although the Chancellor of the Exchequer has deter-
mined upon an open loan in preference to a funding of Ex-
chequer-bills, the advantoges and demerits of which policy we
have already pointed out under this head, the limitation of
the amount to be raised to eight millions will serve to render
the operation much Tess onerous than it would have been,
and more especially if the instalments be judiciously
extended
over a given period. To arrange these preliminaries the city
capitalists will meet Lord John Russell and Mr. Wood ell
Thursday neat, as shown in a communication in anotbs
part of The Sun, which was read in the Stock Exchange the
miming.
ell
The new loan can hardly be expected to come out .0
as the Canada debentures did, because money is now much
scarcer; and if par should be given tor Three-and-a-Haff Per
Cent., this would hardly correspond with the rates
now current in the market. Capitalists now will be loek•
ing probably for about 3% per cent. in the fund*
and of course the loan will come out in Pr°'
portion Possibly for every 1001. stock, biddings, varying
from 109 up to 112 may be made, but of 'course we are nolg
merely giving the on Bits of the day.
The Nevi' Exchequer-bills to be dated March 16, 1847 are
to be raised to 2d. per diem, as advertised in another
column.
The Stock market is rather unsettled, and prices have re'
ceded about per cent. This is the natural effect of
new loan. Consuls are 90% % for present transfer, an
have been 904 % for the Account to be arranged oa
Thursday, and of which it may puzzle many to predict 01
result. Exchequer-bills have risen to 10s. and 145. Pre°
Bank Stock is not higher than 203 to 1/2.
The Foreign Bonds are quite neglected. Portuguese Foul
per Cents. are heavy at 34. The accounts from Lisb°ll
not very favourable. Mexican Bonds have receded to 22,4
and 21%.
Railway Shares have been rather firm again.
ER/i".iSll DAY AT 0.:41.E O'CLOCK.
• G. .I'e ' L •,:.) •

Bank Stock .• • • .• • • •• 203%
Lace -3 .. 90% II 9156
3 .. • . 90% %%
New A,_7ls. 92%%
Long A-n!_!:.:e.,,s, .. 9 9-16 % -
Dllto, Gct. : .. 9 5-16 %
D: e, Jca 5, .. 9%
Censols Accozn.; go%
I%d.
1,006. • • .. •• ..•• 10 14
•• • • .... 15 10 103'
Ditto, Advel ?cl .... 9 01'
PRICES OF FO'EIC:i Fr ViOS AT O'CLOCK.
Mexicri, 18.!3, 5 per U.i;; .. .. 22 21%
Por:aliese Four per Cent
Ditto, .or the Account •• .. 34
Dividends on the ?Love payable in London.
Belgian Four-and-a-Half per Cent. 94%
Dutch Two-ond•a-Half per Cents.
Ditto, 4 per Cent. Certificates .. 92% 14
BUSINESS DONE IN RAILWAY SHARES AT ONE O'CL
RAI EMAIL PAID. nat muss.
Aberdeen •• • • • • • •• •• 25 .... 23% to --
Amber., Notting.,Bosion, & 2%.... 2% .... 10 --
Birmingham ead 0:7 _O. d Jam on • • 5 .. •• 14%14.. to --
Birmingham, Wolv:i., radDadi2y •• 5 •• • • 10% •• •• to
Bristol Pnd Exelcr .. • • •• .. 75 .• 77 to •-•
Buckinghamshiie .• 8 %% p to --
Direct Northern Scrip •• •• • 23i 214 %.. to --
Eastern Counties .. •• . • • • • 20 21% %••tO --
East Lancasbi:e 14 to •--
Diito, New .. .. • • • • .. 5 .... 7% • •
Edinburgh rani Clz.• ow .. • • 30 •• ••77 • ••
.• 10
Edinburgh end 12:; .. • • to
Ditto, New .. • • • • •• 31!: .. •• to
Great Nor..bent(i.onCoa &To:I:Inez:6) 2%4 to
Ditto (Dirzt.l. •• 3% •• to .—iph
Crezit. •• •• •• 85 ....121 to L
Ditto, lief 0,31E:23 • • • • • • • • 50 71 .. ••to --

Ditto. New ..
Ipswich aisi Bury ac. &Arc. ads

•• .. 4%.... -836% to
'''.
--
1 •• 14 •••• •••• to

Ditto. ca. o. arret Nolcricj.. .. 5 .... .... to
Leeds rnd Dri.'iord 35 .... 80 to
. .