The Sun.
London, England, 1847-09-30 00:00:00

ow, ifziv.

MONEY and COMMERCIAL NEWS.
CITY. QUARTER TO THREE.
The Cotton Market at Liverpool yesterday was rather
firmer. S.les, 3,500 baits. Atnrivan, 6-id. to 71d.

per lb. RAitway shares wore very much depn,ssed.
Tne Shore Market still continues very heavy,fand it
was difficult to dispose of shares except at low prices.
The following are a few of the principal sales of Rail-
way Shares yesterday, by Messrs. Lomond and Co.:—
Louvain it la Sambre £o 7 0
Leicester &Bedford,Exchange Certificate 0 12 0
Manchester and Southampton, New 0 13 6
Shropshire Union and Canal 1 2 0
Great Luxembourg
Eastern Counties ..
Reading, Guildford, and Reigate 7 18 0
South Yorkshire, Doncaster, and Goole 0 12 6
Shrewsbury and Hereford
Ambergate, Nottingham, and Boston 1 0 0
Madrid and Valencia
London and York Extension
Manchester, Buxton, and Matlock..... 0 11 0
North Staffordshire
The accounts from America delivered after our article
of yesterday was written, received by express Lat the
North and South American Coffee-house, have engrossed
general attention, although yielding in importance to
what is passing around us. The firm of Prime, Ward,
and Company has " gone by the board," and with very
little prospect of resuming, we fear, seeing the tremen-
aous failures here. People in the United States were
becoming " fidgetty," although with but a faint
idea of what is coming upon them. It may
be some consolation to know that the Republic was
seldom more flourishing, and but for the Mexican war
would have been filled to repletion with the bullion
imported from Europe. Referring to the trade in bread-
stuffs, an American writer states—
" This large exportation has already given us an
extensive importatioa of specie, leaving still a large
balance to our credit; and exchange remains largely
in our favour. Our importations for the season
are principa ly over ; the bulk has been received,
and for the remainder of the year there will, with-
out doubt, be a very limited supply received. We
have no doubt but that the exports from this port for
the remaining four months of the year will more
than offset the imports, leaving the. bulk of shipments
from other ports to 5w6.11 the loa.'oree in our favour.
Exchanges between England 'and the United States
hereafter will continue in our' favour. Should they
at any time be against us, it will be but temporary,
and produced by some unnattral cause. In the
regular course of trade rates will generally rule
in our favour. The importation of merchandise
into the United States from Great Britain has
reached its maximum; we are so rapidly extending our
own manufactures, that the domestic consumption is
supplied to a greater extent by our domestic products.
The increase in population is not so rapid as the increase
of all kinds of manufactures, and the importation of
cotton, woollen, iron, and other manufactures must
materially decline. A speculative demand may from time
to time run up the quantity, and the shipments of these
goods to our markets on foreign account, to get rid of
any surplus at home, may swell the importation at times;
but these things will regulate themselves, and a few years
will suffice to do away with them. Manufactures of
every description are rapidly increasing on the conti-
nent of Europe, and the markets hereafter for British
fabrics will not be so large as they have been. It is
our opinion that manufacturing in Great Britain for
export, particularly of cotton goods, has reached its
maximum ; that the manufacturers of that country will
never again consume so much cotton as they have here-
tofore, and that the consumption of British cotton goods
will hereafter be more confined to Great Britain and her
depencies."

The unnatural cause above referred to has come, viz.,
a prostration of mercantile credit, and hence we may yet
look for a return of specie from America.
The termination of the Mexican war would be
greatly in favour of an easier state of things in the
American Money Market, which otherwise will ere
long be once more pressed upon to furnish aid to the
National Treasury.
The reports concerning the American Cotton crop
are not quite so favourable, but we have no idea but
that the quantity will be quite equal to our wants.
In Canada the Grain trade sympathised with the
movement in the American markets. The condition of
the immigrants was very sad, and our Government must
act liberally in rendering assistance.
Accounts of July 23115, from the Cape of Good Hope,
bring no news from the frontier.
The failure of Fry, Griffiths, and Co., colonial and
indigo brokers, became known late yesterday afternoon,
and will, it is thought, be for some amount. We are
also advised of further stoppages at Glasgow and
Manchester.
In the Stock Exchange this morning great excitement
has prevailed, in consequence of the old and highly re-
spected firm of John Shewell and Sons having been
" declared," and there has been a rapid advance in
the value of money required for temporary pur-
poses, as much as ten per cent. having been
given by good parties. Shares, however, have stiff=l,
losses of the firm, as of numerous other parties, are said
to have chiefly arisen. This being settling day in the
Share and Foreign Markets the evil is aggravated.
Consols, therefore, which had opened rather buoyantly,
have gone down i to i per cent., being now 85i i for
transfer, and 85i i for account. Exchequer-bills have
been down to Is. to 4s. premium.
The Foreign Bonds are heavy. Portuguese Four per
Cents. are 23 ; Mexican 18i to 191 ; Grenada 17 to
17i ; and Brazilian 81. Dutch Four per Cents are 86i,
Shares have declined again, and there is the greatest
difficulty in making sales.
The Bank of England is charging more upon loans
again, viz., 51 per cent.
BRITISH FUNDS THIS DAY AT ONE O'CLOCK.
(From the Official List.)
3 per Cent. Consols Anns 85%14
Consols for Account
Exchequer Bills. 2d.
1,000/.
500/.
Small
• PRICE OF FOREIGN FUNDS AT ONE O'CLOCK.
Brazilian Bonds, 5 per Cent
Grenada, 1 per Cent. . .... ......
Ditto Deferred
Mexican Bonds, 1846, 5 per Cent 19% 18%
Ditto for the Account .....
Portuguese Bonds, 5 per Cent —
Ditto, 4 per Cents 23
Dividends on the above payable in London.
Dutch 2% per Cents.
Ditto 4 per Cent. Certificates
BUSINESS DONE IN RAILWAY SHARES AT ONE O'CLOCK
RAILWAYS. , PAID. PER saalz.
Aberdeen
Amber., Notting., Boston, &c. 2%...... 1 to
Ayrshire and Galloway 2% to
Belfast and County Down .. 10 .. ..
Birmingham & Oxford Junc... 15
Birmingham, W 01.,& Dudley 10 ... .
Birming., Wol., & Stour Yal. 8
Birkenhead, Lancashire, and
Cheshire Junction 6% — ....... to
Boston, Stamf., & Birming... 5
Bristol and Exeter
Do., Thirds
Buckinghamshire 81. 4s —
Caledonian
Ditto, Half Shares
Ditto, Clydesdale Junction 40
Chester and Holyhead... 32% .....
Cheltenham and Oxford
Clarence.
Do., Ist Class, 6 per Cent... 10
Do., 2d Class, 5 per Cent... 10
Do., Gov. Loan, 4 per Cent. 10
Dublin and Belfast Junction.. 20 -
Dundalk and Enniskillen ... 121/, ......
East Anglia, 251., L. & E.
sad L. & D.
Ditto, 181., E. & H
Ditto, 31. 108., E. & H... 1
Eastern Counties......
Do. Perpet., 5 per ct. No. 1,6/. 13s. 4d...
Do., do. N 0.2,6/. 13s. 4d...
Do., York Extension
Do., Northern is Eastern— 50
Do., Quarters . ..
D0., New
Eastern Union 5O
Ditto, Quarter Shares
Ditto., Thirds l3s. 4d
East Lancashire
Ditto, New ... • 13
Do., do., Extension Scrip... 11,4 —
East Lincolnshire
Edinburgh and Glasgow 5O — to
Ditto, Half Shares
Ditto, Quarter Shares 12%
Edinburgh and Northern ... 20
Ditto, New 2% — ...... to
Ditto, New port 7
Ditto, ditto, New ll/2 . . .. to
Edinburgh and Perth
Ditto, Extension
Exeter, Yeovil, & Dorchester 2% — ...... to
Ditto, New
Glasg., Dumfries, & Carlisle..Bl. 6s. 8d... to
Glasgow, Kilmarnock, & Ayr 50 ......
Ditto, New -
Do. IA Shares (5 per ct. gua.) 12% ..... ..
Great Northern 6l
3 - to
Do. London & York Exten. 21/2 ...... to
Gt. South. & West. (Ireland) 35
Great North of England 100 ......
Ditto, New 401. 5 ...... 57
Ditto, New 30/.
Ditto, New 15/.......... ...... I %..... .
Great Western
Ditto, Half 5hare5............ 50
Ditto, Quarter Shares
Ditto, Fifths 2O
Do. New 171 7 •• ••• 81,4 ...... to
Huddersfield and Manchester 22 ~ ... _
...... to
Ditto, Thirds
Hull and Selby 5O ...... -- .... to
- '',‘- Half SIP 25 •
.„

Ditto, ll_ -ares
Ditto, Quarter Shares 124 ...... _
Ipswich & Bury St. Edmunds 15 ...... _ to
Do. do. and Norwich
..... "
Do., do., Extension Scrip
(late (Camb. and Ely) 24 ..... . _
Lancastr and Carlisle.... ... 50
Do., Thirds lO
......
Lancashire and Yorkshire
(111. and L.) ............ ...... 82
Ditto half Shares ...... .... 38 - ..... ttoo --
DittO QuartOX3 ............... 141 A ....~