The Sun.
London, England, 1847-11-01 00:00:00

MONEY and COMMt:RCIAL NEWS.

CITY, QUARTER TQTHREE.

- - ,
The Cotton Market at Liverpool on Saturday was
dull. Sales 1,500 bales, of which 300 were for export.
—Railway shares were heavy, and business was done at
lower rates, and mostly For cash, owing to the want of
co:lfidence.

In the City matters are at present again wearing a
more favourable appearance. The value of money con-
tinues high, and there will be some pressure until the
4th of the month is over, but accommodation, neverthe-
less, is more easily obtainable here than in Liverpool,
In the Bankers' Magazine for November we have an in-
teresting review of the money market for the past month.
It is remarked:

" There are few, if any, periods of our financial his-
tory which will be oftener referred to by the historians
and students of future years who desire thoroughly to
understand the chequered fortunes of our commerce, than
the month which has just elapsed.
" All the symptoms of danger and difficulty which we
had occasion to notice as being in existence at the date
of our last review, had increased to a most alarming
extent even before the end of September, and when the
Bank of England, on the Ist of October, announced
further measures of restriction upon their business of
discount, and a total cessation of their advances upon
Stock and Exchequer-bills, a pressure of a most intense
and unusual description immediately set in. Its ac
tion, in the first instance, was more particularly
confined to the Stock Exchange, and so severe did it
become in that quarter, that on the sth of October the
difference between the " cash " and " account" price of
Consols rose to a margin equal to 30 per cent. per an-
num. Tho quotation for money was about 834, and the
quotation for time (viz., 15th of October) was 844. The
price of Exchequer-bills also underwent a very serious
fall, and stood for some days at 35. to 40• discount. The
value of Consols, and in common with them the value of
all other species of investments, continued to decline.
A long account closed on the 15th of October, and it is
a curious illustration of the narrow range of human
sagacity, even among those who most cultivate the pre-
scient faculties, that, in the face of the greatest fall of
Consols which has occurred for the fifth part of a cen-
tury, there had been a continued speculation for a rise."
This being the Ist of November, is observed, as usual,
as a holiday at the Bank of England transfer office, but
the importance of the period induces the Committee of
the Stock Exchange to keep the market open.
There are no foreign arrivals with news of importance
to-day.
There is an improved market to-day for the Public
Securities, and money being easier, the value of Exche-
quer-bills has been up to 19s. and 14s. discount. East
India Bonds, however, are still 28s. to 30s. discount
Bank Stock is dull at 185. Consols have ranged from
Sli to 82 for transfer to-morrow, and from 818 to 82k
for November 25. The New Three-and-a-Quarter per
Cents. have been 814 to 811, and the Three per Cents
80 to 804.
In the Foreign Securities there is not much doing.
Portuguese Four per Cents. have been 214, and Spanish
Three per Cents. 26g. Grenada Bonds have been 161
to 171-. Brazil New Stock is at 75. Dutch Four per
Cents. have realised 80 ex-dividend.

ONE CLOSING
PRICES OF BRITISH FUNDS. O'CLOCK. PRICES.
Bank Stock lB5 185
3 per Cmt. Reduced Anns.. BO 801,2 8034
3 per Cent. Consols Annuities 81145/8% 82 811/2
New 314 per Cent. Anns . . 81%1A21% 82
IdongAnns. to expireJan.lB6o ... 8 3-16 %lA, 81%
India Bonds, 1,0001.
Ditto under 1,0001. .. ...... .
South Sea Stock
Ditto Old Annuities
Consols for Account Bll/2%% 821/8 81%
Exchequer Bills. 3d.
1,000/.
5001
Small

orE CLOSING
PICES OF FOREIGN FUNDS. O'CLOCK PRICES
Brazilian Bonds —
Ditto, New, 1829 and 1839
Ditto, Account 75 75
Grenada Bonds, 1 per Cent.
Mexican, 5 per Cent. 1846 I6IA 15.% 16
Portuguese 5 per Cents. —
Ditto, 4 per Cent 2114 211/2
Ditto, Account — 20 ti
Russian Bonds ...... 1041/2 105
Spanish 5 per Cent. 1840.
Ditto. 3 per Cent 26% 26%
Dividends on the above payable in London

Belgian 41/2 per Cent B6 x d 86 x d
Dutch, 21/2 per Cent., 12 Guild 5314 531/
Ditto, 4 per Cent. Certificates 82 82
PRICES OF
PAID. BUSINESS DONE CLOSING
It4ILWAY SHARES AT ONE O'CLOCK. PRICES

Aberdeen
Amber., Nett., Boston,
and Eastern Junction 2%......
Ayrshire and Galloway.. 214
L'elfast & County Down 10
Birmingham and Ox-
ford Junction
Birmingham, Wolver-
hampton, and Dudley 10 ... .. 13
Birming., Wolverli'ptou,
and Stour Va11ey..... 8 .....
Birkenhead, Lancashire,
and Cheshire June.— 73/4
Boston, Stamfd & Birm. 5
Bristol and Exeter 75

Ditto, Thirds
Buckinghamshire 101. 4s — ....... —••••••—
Caledonian
Ditto, Half Shares nil 1
Ditto, Clydesdale June 50 ......
Ch;46ter and Holyhead... 371 A
Ditto, Preference 8
Cheltenham and Oxford 2 ...... •• •••

Clarence
Do. let Class, 6 per Ct. 10
Do. 2d Class, 5 per Ct. 10
Do. Government Loan,
4 per Cent,.
Dublin and BelfastJunc. 20
Dundalk & Enniskillen 15
East Anglia, 251., L. &
E. and L. and D. ...... 25
Do., 181., E. & 11.... 18
Do., 3/.105., E. &H. 1
Eastern Counties
Ditto, Perpetual, 5 per
Cent, No. 1....... 61,135. 4d..
Ditto ditto, No. 2... 61. 13s. 4d...
Do., York Extension.. 10 ......
Do., North. & Eastern 50 ...... 483/ 49
Do., Quarters -
Do., New 23
Eastern Union 5O —..............—
Ditto, Quarter Shares 121 A ......
Ditto, Thirds ... l3s. 4d...... ••• —
r:ast Lancashire
Ditto, New 6l
Do., do., Eaten. Scrip 11/1
East Lincolnshire
Edintaitgkand Glasgow 50 ••••••
Ditto Half Shares ... 15

Ditto, Quarter Shares 121 ...• ..
Edinburgh & Northern.. 20
Ditto, New
Ditto, Newport .....
Ditto, ditto, New .
Edinburgh and Perth... 2
Ditto; Extension
Exeter, Yeovil, & Dorch. 2% —
Ditto, New . 2%......
••• ......
Glasgow, Dumfries, and
Carlisle B/. 6s. 8(1
Glasgow, Kilmar.,& Ayr 50
Ditto, New .. 35
Do. Preference Con sol. 12 1/2......
Great Northern 8
Do., London and York 24..
Great South. and West.
(Ireland)
Great North of England..loo 217
Ditto, New 401.
Ditto, New 301.

Ditto, New 15/. ...... ... 11/2
,:rent Westein. .. .
Ditto, 1/2 Share' .. 50
Date, ,/4 Shares
Ditto, Fifths
Ditto, New 17/
Huddersfield & Manches. 22 ......
Ditto, Thirds ... 7 -
Hull and Selby 50 .. ... 98%.
Ditto, Half Share 5.... 25
Ditto, ix, Shares....... 12%
Ipswich & Bury St. Mtn. 15 ..... .
Do., do., and Norwich 15
Do., do., Extens. Scrip
(late Camb. & Ely)... 21% ......
Lancaster and Carlisle... 50 - P.. 5O
Ditto, Thirds
Lancashire & Yorkshire 82
Ditto I,b Shares . ... 38
Do. Quarter Shares... 14%
Do. Fifths 6%..... 6IAi 5% 5%
Do. Sixteenths ...... .. 6%
dis 6% dis.
Do. Thirds (Reg.)....101. 4s. ... 6%
Do. Liverp. and Bury 34 ......
Ditto % (late Hud-
dersfield and Sheff.) 33

Do.( Wakefield, Ponte-
.
fract, & Goole
'T. h'idingUnion) 41. 2s

Do. (W.... Jguo.._
Do. (Preston & Wyre) 25
Do. 14 Shares (A) 9 —
Ditto ditto (13) ... 11% .....
Leeds and Bradford
Leicester and Bedford... 16s. ......
Leeds, Dewsbury, &c.... 37% — . ........
..... _
Do., Branch % Shares 121/2„
DoNew Branch(blue) 2%
Do. Extension ( green ) 21/2.....
Do. NewExten. (pink) 21/, —
Leeds and Thirsk
Ditto, New 17%
Do., Prefer., 6 per Ct. 3%. — ...
.....•
Liverpool, Crosby and
Southport .... .... ...... 2
_
Liverp., Mnchstr & New

castle Junction 2%...,
London and Blackwall..l6/. 13s. 4d. ... _ .....
Do. New, No. 1
Do. New, No. 2 .. 3/ l3s. 4d,...
Do. Extension l5
London, Brighton, and
i..',outh Coast
E`. Do. Consol. Eighths.. 20
Do. Guarant. 5 per ct. 9
Do. Pref. Con. 5 per ct. 50
"'London and Greenwich 12115 s 4d

Ditto, Preference ... 18/ 1i; 2d
London and N. Western 100 149% 148 l4B
Do., Quarters L. &B. 17 ..... •• •
Do~ do., New
Ditto Fifths ...... ••.. 2 ...... 111/2'li .. ll%
Do. IA Shares (G. J.) 25
Do 401.Shares(L.M.) 15
Do. 40/. (M. & B.) ... .40
Do. 10/. (M &BO A. 7%...... 10%% lO%
I.h. 101, (141. & D.)11. 7% lO/3%... IO3A