The Sun.
London, England, 1847-01-28 00:00:00

it °NEN.' and COMMERCIAL NEWS.
(From The Sun of last Night.)
There was a dull market fur Cotton at Liverpool yesterdey.
Sales only 1,500 baleq, of which speculators took 500 Ame-
rican. Surat realised 411(1., and American 61/2d. to 7WI•
per lb. Shane were firmer.
In the present state of the money market there is, as we
conceive, much more regard to be paid to the method by
which we shall discharge our liabilities to foreign countries.
than to the unfounded apprehension of an inability to procure
adequate supplies of food. There are ample stores at our
command, even if we had to look to no other country than
the United States, but the difficulty is that our legislation
does not encourage foreigners to receive payment in
goods. goods. As a writer on banking matters very ills Yi
remarks :—" We have condemned ourselves, by an Act o
Parliament, to pay foreigners in a currency which is scarce
and valuable, although we continue to buy of them in a clif"
ferent one, which is abundant, and not intrinsically Yak!'
able. In short, we have, by an Act of Failiament, made
gold the cheapest article in Great Britain, under all circnin'
stances, whether of abundanss or scarcity, thereby bringing
ourselves an increase in payments of gold, and all its
attendant consequences, by increase of purchases insteae;
oulu
of an increase of sales ; for what foreigners w
be so foolish as to take dear goods, when they
had the option of taking cheap gold? Nothing is so clear SO
that it is (under the law of 1819) the interest of foreign
countries not to buy from us, except they can get our mer-
chandise at rates of price so low as to make it more advo
tageous for them to take it than the proffered gold at
31. 17s. 10%d. per ounce. Driven by the bitter experience
of this fact, British manufacturers have striven with all the
might of desperation to cheapen their produce belor.
gold price ; they have reduced many articles of staple
"manufacture 200 and 300 per cent. to induce purchase&
And how have they done this? They have done it bf
grinding the working man down to a condition of misery
unparalleled in human experience; by suffering themselves
so intensely as to make their own condition almost worse
than the poor victims at the loom and the forge; by carrYin.l
on, in short, a desperate struggle of years with an enrag`
population on the one hand, and the grasp of the money.
power on the other ; a struggle in self-defenee. and for
existence." Possibly this s•atement is somewhat coloured,
but the groundwork is, we fear, too correctly described'
Further, the same party elucidates the matter by obserringt
that " Before the Bill of 1819 was passed and came into
operation, gold rose and fell in price according as it was
plentiful or scarce, wanted or not wanted, just like ant
other commodity. If a foreign merchant, having a remit"
tance to receive from this country, found a difficulty in
dis-
posing of British goods at a remunerating price, he had
returns sent out to him in gold, provided that he Per-
ceived that it would be more advantageous t.°
him. But, if in consequence of a bad harvest's
or from any other cause, our imports were unnsuall
large, without any corresponding increase in our ex P.:1":
many persons found themselves in the same position
it
the merchant just supposed—anxious to obtain gold in th
country, in order to have it remitted abroad ; and then (I),`-t
vious to the Act of 1819) the result was, that the PS'
demand for gold thus produced raised its price, and it becanie
again matter of consideration with such parties, whether! •
it would not be more profitable, since the price
gold had risen, to export goods instead. And if the price Of ,
gold became high enough, as it was sure to do, if it Wag
likely to be exported in suck quantities as to inconveniesc.!
us, goods were exported instead of gold. But since 18lY1,
because the price of gold is fixed by Act of Parliament 1!..
Si. 17s. 10%d. per ounce, it has become impossible that Owe
should ever happen ; for, however high rbt
price of everything else may be, however g"'""
the demand may be for gold, and however scarce it ine
be, its price can never rise, and therefore, let the consequences
be what they may, gold must always go in payment for ellr
imports, whenever these exceed our exports to any considft
able amount." The present year unfortunately may
these opinions to the fullest extent; and although we Su.ft
pate large orders for manufactures, we likewise expect a
deal of bullion to be sent away.
The Foreign Exchanges were heavy again yesterday ate!' •
noon upon some of the continental cities, but it does not I.
pear that the effect of the bullion remittances to Faris it,11.,
present, to depress any further the quotations for bills
that city.
The market for the public securities has to-day, b.
rather quiescent. The intelligence of a decline in puce
the
Paris was expected as the effect of the heaviness in
English market on Saturday. Consols have been 91 to
91,
for present transfer, and 911/ to % for time. ExcheqUer.
bills have been quoted 4s. to Bs. premium. The New Tato
and-a -Half per Cents. have been 927 to 93%4
Three per Cents. 91% to %. Bank Stock is lower ag
being 203% to 204%.
There is very little doing in the Foreign LIN-esti:oT;
Spanish Three per Cents. have been 34 to 34K • andodt
~ et
Four per Cent. Portuguese Bonds are 33 to 34. rain,' te.
has been marked 84. Dutch Two-and-a-Half per On
are at 57713.
Shares are firmer to-day, but the business doing is rt.
stricted.
BRITI6II FUNDS.

cl,OOlL.Ssa
ONE
O'CLOCK. 2111'9°4
Bank Stock .. .. .. .. .. .. •• 204 20334 204, 9I 7e
Three per Cent. Reduced Annuities .. .. 91%14 % 91S
Three per Cent. Consols Annuities .. .. 9114 91 9134 99*
New Three-and-a-Quarter per Cent. Anne. 9334 92% 93.%6. 9 11.0
Long Annuities, Expire Jan. 5, 1860 ..9 11-16 9-16 11-1 991
India Stock .. .. . .. .. .. .. 251 11
India Bonds, 1,000/. .. .. .. .. .. 11 6 ?
Ditto, under 1,000/. .. .. .. .. 6 p 100
South Sea Stock .. .. . .. .. .. .....,,
Ditto. Old Annuities. .. .. .. 100 910
Console for Account .. .. .. .. .. 91% 14 W.
Exchequer Bills. IN d. I%d. B
1,0001... .. .... 4 8— PM' B
500/. '
. .... 4 8 rwl• 8
1140
Ditto, Small .... 4 8— gra' 0.,05- •
SB*:
ONE vac /
FOREIGN FUNDS. O'CLOCK. , 133,4
Brazilian Bonds, 5 per Cent .. .. 84' • ' 33i
Ditto, New Bonds, 1829 and 1839 .. 19%
Equador Bonds •• •• •• •• .. 22
Grenada, 1 per Cent .. .. .. . 34
Mexican Bonds, 1846, 8 per Cent .. 34 4
Portuguese Four per Cent , .. .. 3334 33 3 ,
....•
Ditto, for the Account .. .. ..
Spanish Bonds, 5 per Cent •
.. .. 141
Ditto, for the Account .. ~ .. 5
Ditto, Passive Bonds .. .. .. —..--
Ditto, Three per Cent .. .. .. 34
Ditto, for the Account .. . . 3434 34
Dividends on the above payable in London. - 0 11_,
Dutch Two-and-a-Ball per Cent .. 57%
Ditto, 4 per Cent. Certificates .. 91%% 91%'
PRICES OF BUSINESS CLO g1146'
RAILWAY SHARES. PAID. DONE AT P.. . I C,..6g•
..,,
ONE O'CLOCK.
Aberdeen.. .. .. .. .. .. 25 .... 23% .. ..... 23%
Amber., Notting., Boston, and 2%
Eastern Junction .. .. .. 2%.... 214 %•••• • • • • 121
Birmingham and Gloucester.. ..100 .. .. 127 •• • ... OO
Birmingham and Oxford Junction 5 .... 14% ••••• • • • • 4S 1,
Birming., Wolver., and Dudley.. 425..... 4% p•••• • • • • ..-•
Bristol and Exeter • . •. .. 75 .... '.. •••• • • " 12
Ditto, New .. .. .. .. 10 .... 12 -..•• .• •• p 5
Buckinghamshire .. .. .. .. 845..... 1,4;4 par .. •• 2634
Caledonian •. .. .. .. 30 .... 25% 2634 •••• 914
Ditto, Half Shares .. .. .. 234 .... 214 .. •••• • • • • 2,
Cheltenham and Oxford .. .. 2 .... 1% %.• IS
Cornwall .. .. .. .. .. .. 5 .... 1% .... ••• • •• 270,,
Direct Northern Scrip .. .. .. 2% .... 234 •••••• • • •• 29*,
Eastern Counties .. .. .. .. 20 .... 22 2131 .•• • " 12P
Ditto, New .. •-• .. .. .. 14 .... 19% .. • ...... • 1.1
Do. Perpet., 5 per Cent. No. 1.61. 133. 4d. 1414 11•"•
Ditto, ditto, .. .. ..No. 2. 6/. 13s. 4d. 1,4 P•••• •• •• 47,
Ditto, York Extension .. .. 2 .... 4% ••••• •• '• •--
Eastern Union .. .. .. .. 40 .... .. •••• •• '' g
Do. Cambridge and Ely .. .. 23,i .. .. 2 .. •••• • • • • --:
East Lancashire .. .. . • .. 14 .• • • ••••• • • • • • ,L
Ditto New .. .. .. .. .. 5 .... 7% 7.. ••• • • • 77.
Ditto, ditto New Scrip .. .. 1% ••• •2%%••• • '• . • 6,4
East Lincolnshire .. .. .. .. 4 .... 6% %•••• • • '• '
Exeter, Yeovil, and Dorchester .. 2% .. •• • •
Great Northern (London & York. 2
Regd.) .. .. .. .. .. .. 21,4 .... 2% %U•• • • • • 3*
Do., do (Direst Northern Regd.) 3% .... 3% ••..•• • • '' OP
Great Southern & West. (Ireland) 27% .... 27 26% 125
Great Western .. .. .. .. 85 .... 126 .. •••• • • • • 19
Ditto, Half Shares .. .. .. 50 .... 73 72 .. •••• " 20,
Ditto, Quarter Shares .. .. 1236 .... 2034 20 ......914
Ditto, New .. .. .. .. 434 .. .. 9%...... •• " 89,
Leeds and Bradford .. .. .. 35 .... 82 .. ..
Leeds and Thirsk .. .. .. .. 22% .... 20%
Ditto, New .. .. .. . 5 ... .. •••• • • • • 4.ti
Ditto, Preference 6 per Cent. .. 3% .... .. •••• • "• 77L
London and Blackwall .. 161. 13s. 4d. ••••• • •• •• 55,',
London, Brighton, and S. Coast.. 50 .. . 54% %•••• •• •• 541
Ditto, Consol. Fifths • • .. .. 50 .... 54 k.. .. •• • • 970
Ditto, Guarant. Five per Cent. 9 .... •••••• •• •• 194
London an North-Western . -100 .... 194 .• •••• •• •• ---
Ditto, Quarters . .. .. 2 .... ..•• •• •• •• 14,
Ditto ditto, New Shares .. .. 2 .... 14 .... • •• • • 1$
Ditto, Fifths .. .. .. .. 2 .... 18% .... •••• ' • 14'
Ditto, 401. Shares M. &B. • • 40 ...• ••.•• • •• " 62
London and South-Western •• 41/. 6e. 10d... 63 62% .• •• • • 5
....... _ _

)
Ditto, Tenths .. 5 .... 5%.. ••• • • • 4#
Ditto, Tenths .. • • • • • • 4 •• • • 4 •••• •• " 5,
Ditto, Scrip.. .. 5 .... 5% ....... •• • 4's
Ditto, ditto .. .. 4 ....
London and York Scrip .. 2% .... 4% .. •••• • • • • 2
Ditto, Extension ditto .. 2%.... 2% .... • 2lO
Lynn and Ely .. .. 20 .... 21 .• •••• • • • • 108.,
Manchester and Leeds .. •• 82 .• •• • • ••• • 101
Ditto, Fifths .. 5 .... 19% ••• • •
Ditto Extension .. 425. 1 P•••• '• %S.
Manchester, Buxton, & Matlock 425..... %.% P••• • '' i 3
Manchester and Southampton .. 2 .... 1% %••• • • • " 123
Midland
... 124 123.. ••• • • • 36.,
Ditto, New •
~ .. 30 .... ••••• • • • • • 6*
Ditto, New .. 2 .... 64 •• •• 33
Newcastle and Berwick .. •• 20 .... 324,4
Norfolk .. ..100 •• ••
Ditto, Extension .. • • .. 6 .... •• • • 11,4
Northern Counties Union 2% • • 1% ••••• • • • • • 3.11 i
North British .. 25 .... 34!4 33% ....
Ditto, Half Shares .. .• 11 .... 14%%
D.tto, Extension % .........•
Ditto, Thirds • • .. • • • • 1 .. • • 3% ••••• • • • • • 11%
North Staffordshire .. • • • • 5 •• • • 84 ••••• • • • " 2/1.
North Western .• .. • • 2% .. • • 27's •••••• •• • • •-••,,
Preston and Wyre E•• .. 25 ••••• • • • ' • tifo,
Ditto, Half Shares • . 6% 8% 371
Reading, Guildford, and Reigate 5 .. • • 3% %•••• • • • ' 911
Scottish Central .. . .. 15 .... 21% ..... • • 19,4 •
Scottish Midland ........173..,. 19% ••..
Shrewsbury and Birmingham .. 3 .... 4% %••.• • • • •
.44 die.
Shropshire Union .. 425..... N%dis •• •• ••
South Eastern and Hoyor .. • • 33% .. •• •••"• • • • • 11
Do., New (do. 33/. 65.8 d.) No. 2. 12 .... 13% •• •• •• 4.,
Do., New (do. 1514 .. No. 4. 3% .... 4% ••..•• • • •• IP
South Wales . • • • .. .. 10 .... .• ••• •• '•
South Yorkshire, Doncaster, and 04.
Goole .. -. • . 2 2% ...... •• •• j% w
West Riding Union .. • • . 425. 1%% p••••••
Windsor, Staines, &S. Western.. 425.... • %P• • • • •••
York and Newcastle .. .. 25 36% .... ••• • • Off
Ditto, New.. .. .. 5 11% % •• • • 7
Ditto, Preference .. 2 .... 7 ...• • • ---
York sad North Midland .. 50 .. •.—•••• • • • • • • 12
Ditto, Preference .. .. 2 .... 12 .... ......

FOREIGN RAILWAYS.
Central of France (Orleans and
Yierzon) .• .. • . .• .. 10 .. •• 13 •• •• ••
Luxembourg 1.. •• • • • • 6 • • . ** "" • •
Madras, Nellore, and Arcot.. .. .. • • •• •••• • • ••
Namur and Liege .. .. • • .. 8 .... 336 3.. •• •• ••
Northern of France 8 12% % % • • • • • '
Paris and Lyons .. .. • • • • 8 •• • • 7% •• •••• ••
Paris and Strasbourg .. .. 5 .. 3% •.••• • • • ••
Sambre and Meuse 6% ..........

JOINT-STOCK BANKS.'
Provincial of Ireland • . .. 25 .... 45 .......• • •
MINES.
Real del Monte, Unreziatered .... • • • • • •

;banks

REPRESENTATION OF HTTRE.—Mr. Wont,-t
the
will retire from the representation of this borough .g
next general election; and Mr. Edward Drake Broclatf;
of the Paddock, Hythe, is already in the field solicidng,
suffrages of the electors. Mr. Brockman is a Ministeriaust:
On Thursday afternoon, the 21st instant, the
children of the parish of Coniscliffe, near Darlingtom we'oi
plentifully regaled with tea and spice cake, at the exPensed
R. H. Howard, Esq., M.P., of Corby Castle,' Curnberlan4:
the benevolent and respectful Lord of Manor, ie
tion of the joyful event of the christening of his first-h?._113„
daughter. Tea was provided in a large granary belonging
to Mr. D. Hetherington, beautifully decorated with. e,/.4.,
greens, byMrs. Hetherington and Rickaby, of High Coniee'l"_"
who<e excellent arrangements and inspiring' presenc, ehnelr
tributed in no small degree to the enjoyment of their
tributed
juvenile guests. Several young ladies presided 14 th`Yere
tables, and among the visit( rs on the joyful oc.:asion,
observed the worthy vicar of the parish, the Rev. J. Cep dill,„
Miss Cundill, the Rev. Mr. Hogarth: of Darlington, the
Miss prinmPal
churchwardens, the schoolmaster, Mr. Tobling, and vs
inhabitants of the parish, &c. The village bells rung me
merry peal during the evening. After partaking of the
which cheers,. but inebriates not, the young cemPlingeal
celebr
rated, highly delighted with their entertainment, en and
a young bosom breathed its sincerest wishes for health
prosperity to the house of Howard. The fanners itlee Plea
tifully regaled their labourers with ale on the occasion*