The Sun.
London, England, 1847-07-08 00:00:00

MONEY and COMMERCIAL NEWS..
CITY; QUARTER TO THREE.

The, business done iu Cotton at Liverpool yesterday
comprisCd 7,000 bales, of which 1,500 were American on
speculation. There was no alteration in prices. The
sales included 5,000 bales of American at 60. to 71d.
per lb. Railway Shares were dull, and prices were again
rather lower.

Advices of May sth from Cape Town report matters
as being without alteration on the frontier. The revenue
of the colony in 1846-7 was 100,7591., or about 18 per
cent. increase on the previous year.
The Medway steamer having arrived with the West
India mail, the letters are expected in town to-day.
In a letter addressed by Messrs. Robert and Thomas
Allan, of Edinburgh, to their correspondents and clients,
we find one or two interesting points concerning Scotch
railways:—
" Our lists exhibit somwhat better quotations than
they have done for some time, although, until within the
last three days, the share market has been feeble and
unsatisfactory. The advance which occurred at the
commencement of the month was not maintained in con-
' sequence of a renewed demand for grain. However, the
continued fine weather, the favourable prospects of har-
vest, and the immense recent arrivals of food have, by
degrees, affected the corn market, and shares are again
buoyant. Mark-lane has, in fact, regulated the value of
share property. As grain rises down goes stocks; as it
falls, they rise; and that with much more reference to
the rumours about the potato crop, than to the merits
of any particular scheme, or the prospects of any par-
ticular line.

" The promised interference of Government with the
new railways has ended, as might have been anticipated,
in nothing. Some restrictions ate placed on future pro-
posed schemes, but no attempt whatever is made to
remedy the present strain which railway calls are
causing on the Money market. Permission is given to
delay making demands on the shareholders, but in prac-
tice this is an absurdity. Once a line has obtained its
act, there are individuals whose interest it is to push it
forward; once contracted for, these parties necessarily
become more numerous; once commenced, the works
cannot be stopped; .outlay is already great; staying pro-
gress would be ruinous—calls, therefore, must be made
—money, coute qui coute, must be borrowed, and thus—
whatever be the resule to individual shareholders, what-
ever be the ruinous effect upon the country at large—the
railway is driven on to completion."
The Funds have been fiat again, a few sales having
been pressed, and it is believed that the railway com-
panies which have lately received the royal' assent will
now be steady sellers of the stock which they may have
purchased to deposit with the Accountant-General in
Chancery. The value of Consols fur transfer has been
881 4, and for time 813 i 4.. Exchequer-bills have been
marked 10s. to 13s. premium. Bank Stock has realised
1963-. The New Thpeo•and-a-Quarter per Cents. have
been at 904 to 91.
The dividends are now in course of payment at the
Bank.

Speculation in Foreign Stocks is very inactive. Por-
tuguese Four per Cents. have realised 31*, and Spanish
Three per Cents. 32k. Equador Stock is at 3*. Dutch
Two. and-a-Half per Cents. have been 571.
Railway Shares are very quiet again, and not quite so
well supported.
tiItITISLI FUNDS.

Bank Stock ..

ONE
O'CLOCK.
.. 196

Three per Cent. Reduced Annuities 89' 88%
Three per Cent. Consols Annuities .. • • 8814%
Three per Cent. Annuities, 1726 . • • • 8734
New Three-and-a-Quarter per Cent. Anus. 91 90% :4 91
Long Annuities, Expire Jan. 5, 1860 .. 9% 1-16
I)itto, 30 years, Jan. 5, 1860 .. • • 8% ex div
South Sea Stock .. .. • . • • • • 97%
Ditto, New Annuities .. 87%
Consols for Opening, July 16 .. 88% %
Three per Cent. Consols, Scrip .• . % p
Exchequer Bills. I%d. 2d.
1,0001... .... 10 13 p
5001. -. ..• • .... 16p
Ditto, Small. .. .... 15 20 p
ONE
O'CLOCK.
3%

CLO.SING
PRICES.
1964
89%
88.%
871 i
91
9 1-16

FOREIGN FUNDS.
Equador Bonds ..
Mexican Bonds, 1846, 5 per Cent ..
. Ditto, for the Account .. ..
Portuguese Bonds, 5 per Cent .. ..
Ditto, 4 per Cent .. • • ..
Ditto, for the Account
Spanish Bonds, 5 per Cent
Ditto, for the Account • • •
Ditto,s per Cent. '38,39, 40, div.lB4o

8N
ex div 9N
ex div 87,4
88%
% P

CLOSING
nucEs.

.. .. .. 31%

.. 1847 -
.. 32%

Ditto • • - • • . • •
Ditto, Three per Cent
Ditto, for the Account • • ..
Dividends on the above payable in London.
Dutch Two-and-a-halt per Cent .. 57% 57%
BUSINESS CLOSING
PAID. DONE AT PRICES.
ONE O'CLOCK.

75 .... ... . .
• .. 15 .... 17%.......... 17%
• .. 35 .... 29 29% •.... 29%
.. 20 21 211,E •••••• 21

7.... 7