The Sun.
London, England, 1847-03-26 00:00:00

MONEY and COMMERCIAL NEWS.
CITY, QUARTER TO THREE.
The sales of Cotton at Liverpool yesterday were 10,000
bales, including 3,000 bales American on speculation, and 500
Egyptian for export. There was an active market, and
American sorts were lid. to %d. per lb. higher than on
Friday last. In other kinds there was an advance of about
VBd. per lb. The sales comprised 8,000 bales American, at
61/2d. to 758, 1,200 Egyptian at 71/2d. to Bd., and 500 bales
Surat at 4%c1. to sd. per lb. Railway shares were quiet,
but firm.
There is considerable attention paid still to the state of
affairs in Ireland, and the extraordinary -features presented
by the somewhat contradictory accounts sent over quite be-
wilder City people. It is admitted that in parts of the sis-
ter kingdom the farmers are exhibiting not only apathy in
respect to the cultivation of the soil, but positive criminality
as regards the hoarding of money and food, which might be
made to yield a rich reward to themselves, and be productive
of blessing to those around them. Our capitalists look with
manifest concern at such an anomalous state of things, and
stern as the necessity may be, the course of Government in
throwing the people on the land for employment is considered
to be the only one sanctioned by humanity or policy. Even
as matters are proceeding, the loan of eight millions would
soon be absorbed, and a recourse to increased taxation would
not only be excessively unpopular, but seriously detrimental
to the interests of commerce and the status of the money
market. Apart from Ireland, there is nothing that excites
particular uneasines in the mercantile world, and in the
exercise of firmness by the Executive, it is conceived that
there is more to be hoped for than in lavish expenditure.
Some remarks upon the currency by a party at Liverpool,
under the signature of " Tristram Trye," allude to the cir-
cumstance of the Bank of England holding a large amount
of bullion than at any time previous to 1844, although, as he
remarks, with too much truth—

" The commercial fabric is at this moment shaken to its
foundations by the rumoured possibility of the reduction or
re-absorption of the circulation. The contingent fall in the
prices of all articles is a sufficient motive to the delay of
mercantile operations. Public assurance that arrangements
(of what kind soever) had been effected to keep up both the
stock of bullion, and the usual issues of the Bank of Eng-
land, would at once restore confidence. Business
would proceed without material curtailment or inter-
ruption ; and the afflicting visitation of famine, instead of
being aggravated by supernumerary evils, would be almost
neutralised by an abundance of remunerative employment.
That things should at once take this course, is obviously the
interest of the general community. But in what direction,
lies the interest of the Bank? Directly opposite. Its
private interest, just now, is, by means of contracting
the circulation, to enhance the value of money, and
raise the rate of discount. The loss of a few mil-
liens of bullion from its coffers, the mere possibility
strikes dismay into the hearts of all beside who have trade
or employment, or property to lose, is, paradoxical as it may
appear, the ripening of her golden harvest. To one who
complains, the answer is, The Bank is a private institution
merely;' which, of course, is the fact, whenever her private
interests is not parallel with that of the public; and being
under no public obligation to act otherwise, it would be about
as reasonable to expect that the Bank would exert herself to
prevent the increased value of money as it would be to count
upon a combination amongst the growers or importers of
grain to keep down the price of food."
To a certain extent there is force in these reflections, but
there is ever a difficulty in providing remedies. National
banks, connected with Governments, have frequently an in-
fluence working on them even stronger than private in-
terest, and it should always be remembered that the
directors of the Bank being themselves merchants,
and in many instances private bankers, cannot have
a permanent interest in shaking credit, or keeping
money at a higher rate than safe business will warrant.
They do err often in this respect, we admit, but not usually
from interest alone ; and the evil is, as the writer quoted
seems to imply, that the Bank is too powerful. We may
thank Sir Robert Peel, in part at least, for this.
There is a firm market for Consols, but there is very little
doing. Money bargains have been effected at 891/8 to %, and
time operations at 891% N. Exchequer-bills have realised
3s. premium to Is. discount. East India Stock is worth
24714 to 248%; and Bank Stock, 205%.
The Foreign Bonds are merely nominal. Spanish Five
per Cents. have been quoted 223/4, and the Three per Cents.
3414 to 3414. Mexican Bonds have been quoted 22.
The Market for Railway Shares, although firmer, is still
dull. The French lines have been done at improved quota-
tions, except Paris and Lyons, which are down to 6 and
5%, owing to the increased capital required.
BRITISH FUNDS.

ONE CLOSING
O'CLOCK. PRICES.
Three per Cent. Consols Annuities 89% %% 89%
Long Annuities, Expire Jan. 5,1860

Ditto, 30 years, Jan. 5, 1860 9 5-16 9 5-16
India Stock . 2,18% 24734 24734
Bank Stock for April 14 .. 205},y 205%
Consols for Account . 89% 891 A
Consols, Scrip .. par
Exchequer Bills.
1,0001...
5001. • .
Ditto, Small

INd.

3p 1 dis 2 p
3 p par
par 4 p
ONE
FOREIGN FUNDS. O'CLOCK.
Mexican Bonds, 1846, 5 per Cent .. 22
Spanish Bonds, .5 per Cent -223 i
Ditto, Three per Cent .. 341/ii
Ditto, for the Account 34%
Dividends on the above payable in London.
Dutch Two-and..a-lialt per Cent .. 59
Ditto, 4 per Cent. Certificates .. 93
BUSINESS
CLOSING
PAID. DONE AT
PRICES.
ONE O'CLOCK.
Aberdeen.. .. .. 30 .... 28 •• • • 28!,1
Amber., Notting., Boston, and

CLOSING
PRICES.
21
22%
34%
34%

PRICES OF
RAILWAY SHARES.

Eastern Junction .. - • 2%..., 234 .......... 2}4
Birmingham and Oxford Junction 5 .... 13%14 ........ 1314
Birming., Wolver., and Dudley • • 5 .......... 10%
Boston, Stamford, & Birmingham 5 .... 7.• ......
Eastern Counties . .. 20 .• .. 19% 20 ...... 20
Ditto, York Extension .. ••5••••5%i• • • • •• • • 51%
East Lancashire .. .. • • .. 17 •• .........
Ditto New .. .. 7 ‘.'2 .. •• 9% • • 91,6
Ditto, ditto, New Scrip .. 114 •• • • 2ji • • 23i
East Lincolnshire .. • • • • 4 • • 7% ••••.. •• • • 7
Edinburgh and. Glasgow .. .. 50 ....71% ex div... —71% x.d.
Great Northern (London & York

•
Great Western .. 85 .• ..116 114 115 115
Ditto, Half Sharesso ...• ••• . • 6814
Ditto, Quarter Shares 12% .... 17% 18 lB
Ditto, Fifths .. • . .. 20 .... 27 ...... • • 27
Ditto, New ...• 8 7% 8,.,,,,
Huddersfield and Manchester .. lb .... 19% 19%
Hull and Selby • • 50 •• .. 103 .. • ..... 103
Ditto, Half shares 25 .... 51 5l
Leeds and Bradtbrd .. • • .. 35 .... 78%34
Leeds and 'fhirsk .• 22% • .....
Ditto, Preierence 6 per Cent. .. 3% .... 5 ••• • . .
London and lilackv.'all .. 16/. 13s. 4d.
Ditto, Extension .• •
London, Brighton, and S Coast— 50 .. • • 53% ...... 53%
Ditto, Consol. Eighths .. 10 .. ••• • • •
London and Greenwich .. 12/. 15s. 4a. .. • 9%
London an North-Western • •100 •• •• 179 .. . 179
Ditto, Quarters . .. 2 .... 19 •• • • 19
Ditto, 40/. Shares M. &B. •• 40 .. •• 70 .. • • •• .• 70
London and South. Western • . 41/. 6.5. 10d..• 64 63% ... • . 63%
Ditto, New Consol. Eighths .. 40 .... 48 47% .. • • 4712
Ditto, New .. .. • • • • 22%.... 25%.......... 25%
Ditto, Tenths (Consolidated) •• 50 .. •• 55
Ditto, Scrip.. .. .. • • .. 5 .... 5 ... 5
London and York Extension Scrip 2%,.,. 234..-- •• • • 2%
Manchester and Leeds .. .. • • 82 • . .....
Ditto, half Shares .. .. 38 .... 47%
Ditto, Quarter Shares .. .. 12 .... 16%
Ditto, Fifths .. .. • • • • 5 .... 10%.
Ditto, Sixteenths .. • • • • 6% .... 8
Ditto, Thirds (Iteg.).. . •71. 45..... 234 p
Manchester and Southampton .. 2 ....
Midland .. •• •.100 .. • 118 117..
Ditto, New .. • • • • •• 30 •• • . 34%
Ditto, New .. .• .. 2 _ 5%
Ditto, Birmingham and Derby 100 .... 92
Midland, Binning. & Gloucest.. • 100 —123% .
Newcastle and Berwick .. •• 20 _
Ditto, New .. • • • •• • 5 .... 8%
Norfolk .. • • .. • • • ..100 .• ..137 135..
Ditto, Extension • • • • • • 6 .... 6
Nortn British .• •• 25 ... • 33% %
Ditto, Half Shares .. .. • • 12% •. 1614
Ditto, Quarter Shares •• • • 2% • • 4
Ditto, Thirds .. .. • • • • 1 .... 3%
North Staffordshire .. • • • • 5 .... %.•
Preston and Wyre .. • • •• 25 .... 34% .....
Ditto, Half Shares (A) .. • • ....... •
Ditto ditto (11) •• 11% ...• ••
Scottish Central .. . ~ 15 .... 23
Scottish Midland 17 !4 •• • • •• • • .... •
..
Shrewsbury and Birmingham 3 ...,. 4% %.•
Ditto, Class it •• •• Itp .... 1%
Shrowshire Union .. 425..... 1 di5.........
South Eastern and Dowor .. • • 33% .. • . 34 ......
Ditto. New (jss. at 321.) No. 1. 20 23 ..........
Do., New (d 0.32/. tis.Bd.) No. 2. 12 ....
Do., New (do. 15/.) .. No. 4. 3% 4ya ..... .
South Wales .. 10 ........ •.
South Yorkshire, Doncaster, and
York and Newcastle .. .. 25 .... 3514 ..
Ditto, New.. _ .. 10 15% .. -
Ditto, Preference• •.. 4 .... 8% 8.
York and North Midland .. .. 50 .... 85% .. • •
Ditto, Extension .. .. 20 .... 36142
Ditto, Preference 2 .... 11% ...
FOREIGN RAILWAYS.
Boulogne and Amiens .. .... 16%
Hord., Toul., & Cette (Constituted) 4 .... .
.....
Luxembourg
Northern of France • • .. • • 8 .... 13% 13 -•
Paris and Lyons •• ••8 6 ...
West _Flanders .. • . 6 .... 24 ••.••.• •. • •
JOINT-STOCK BANKS.
London and Westminster .. .. 20 .... 26
Real del Monte, Unry IVES.istered —..
3% •
LLO

YD'S SHIPPING—(THIS DAY.)
LONDON, MARCH 26.—Wind E., light breeze and cloudy.
DEAL, MARCH 2,s,—Wind S.W. to S.E.—Arrd. Andro-
mache, Hunter, Charleston ; Mary Carolina, Kidd, St. John's,
New 'Brunswick; Orator, Tagh, Calcutta; Lady Helena,
Bonner, Barbadoes •' George Delius, Her:rickson, Valparaiso,
for Bremen. Sld. Asia, Hobart Town ; Acadia, Halifax ;
Talisman, New York; Sophia, Moffat, Quebec, and the rest
of the outward bound.

PORTSMOUTH, MARCH 25.—Wind S.E.—Off port, Vic.
,oria, Stark, New York.

LIVERPOOL, MARCH 25.—Wind S.S.W., moderate.—Arrd.
Buenos Ayres, Brown, Calcutta; Arizaba, Old Calabar;
Mary and Ann, Valparaiso; Reliance, Hill, Savanilla ;
Margaret, Best, New Orleans ; William and Elizabeth, ditto;
Alabama, Apalachicola ; Caledonia, -.Wishart, Savannah ;
Noble, Booth, Baltimore; Hermitage, Forrest, ditto; Gar-
rick, Trask, New York ; Pomona, Colby, ditto ; Lapland,
Simpson, Boston; Harriet Humble, Bevis, Calcutta; Roke=
ley, ditto ; Formosa, Maranham ; Mary Redpatb, ditto ;
Delaware. Patten, New Orleans ; Anne, Mearns, ditto ;
Oregon, Heron, Savannah ; Harkaway, Virginia; Sir Charles
Napier, Tier, Charleston ; Bersilia, Buxton, New York ;
Sirampore, Lovett, ditto. Off port, Liverpool and Wallace.
Sld. Lahore, Calcutta; Mary Woods and Templemore, Val-
paraiso ; Jersey Lass, Monte Video ; Delhi, Belize ; Feroze-
pore, New York; Java, ditto; Arians. ditto ; Euphemia,
Newfoundland. The Georgiana, from New York to Belfast,
was spoken with, 21st inst., in lat. 51, lon. 13, with loss of
fore-top-mast, fore-yard, and two men washed overboard, by
the Montezuma, Lowder, arrived here.
LIMERICK, MARCH 24.—Arrd. Old Fellow, Warner, New
York ; Mary Broughton, ditto.