The Sun.
London, England, 1847-10-09 00:00:00

MANCHESTER YARN AND CLOTH

REPORT.
(From the Stockport Mercury.)
MANCHESTER, THURSDAY, FIVE O'CLOCK. --- On
Monday the stoppage of the large mercantile and
banking-house of Messrs. Rougemont and Co., and
Messrs. John Thomas, Son, and Lefevre, of Lon-
don, for very large amounts, caused an unusual
sensation here, as it was well known that the
extensive Russian house of Messrs de Jersey
and Co. derived their funds immediately from the
latter source. All doubts, however, weae at an
end on Tuesday morning by the suspension of Messrs.
de Jersey and Co. distributing liabilities through-
out the manufacturing districts variously estimated
at a very large amount. This being one of the
largest houses in the trade for the exportation of yarn
to Russia, some idea of its magnitude may be
formed from the fact, that during the shipping sea-
son 80 tons of yarn have been daily in the
habit of being packed and forwarded to Hull for
shipment. For a period of twenty years and upwards,
this mercantile house has, notwithstanding the im-
mense amount of engagements, successfully suf•
mounted every vicissitude of the times during that
long period, and preserved its integrity inviolate, and
its honour unsullied. Sanguine hopes are entertained
that the firm will shortly resume payment. At the
same time Messrs. James Nephew and Co., commis-
sion merchants, also announced their inability to
meet the claims upon them which amount to 22,0001.,
but being divided in many hands will on that account
not be so severely felt.
In Liverpool numerous failures are current, the
most important being Messrs. J. and H. Murry and
Co., merchants, and Messrs. V. Higgins and Co., iron
merchants, besides several others engaged in cotton,
-orn, or railway speculation, which has caused an un-
easy feent, to hang over that market, and daily to
reduce prices of colonial produce.
We have pleasure in announcing the continual
payment by Messrs. Birley, Corrie, and Co., whose
business has hitherto proceeded as usual, without the
slightest interruption, having never been suspended.
The practice yet pursued by the Bank of England,
requiring all bills to be retired instanter, before due,
when discounted by them, in cases of insolvency. calls
loudly for redress, and has proved one of the most
fruitful sources of disaster during the present crisis.
The export demand for yarn and cloth, though
quiescent, is not subdued—very little business has
this week been transacted, but prices, under all cir-
cumstances, continue firm ; indeed, the want of confi-
dence, and the fear of impending evil, operates with
far more influence upon the market than want of
orders. The home trade continues lively.

Sir W. Colebrook is appointed Lieutenant-Go-
,vernor of British Guiana. Sir Edmund Head is to
succeed Sir W. Colebrook in New Brunswick. Gover-
nor Light retires for the present, meriting alike repose
and reward.

PIRACP ON THE WEST COAST OP IRELAND.—The
Catharine, of Newry, John Cook, master, from Sligo
to Belmullet, with Indian corn meal, was plundered of
about two-thirds of her cargo, on the night of the 3d
and morning of the 4th instant, at the entrance of Black
Sod Bay. The master states, that the pirates carried
away about 293 out of 440 sacks.
The Observer of Sunday, Oct. 10, will contain the
fullest particulars of the monetary affairs of the week,
and up to the latest hour of Saturday. The information
in the City Article is derived from the most correct
sources, many of which are original, and only attain-
able by the conductors of the Observer, and is regularly
quoted in most country papers as the most authentic in-
formation on the presen t all-engrossing subject of commer-
cial difficulty—the Revenue, the Funds, and the Railway
Prices. The Observer, sixpence. The extensive pub-
lication of the Observer commences at six o'clock on
Sunday mornings, and concludes at ten. Monday's
Observer, best adapted for the country and abroad, is
published at lour on Monday afternoon.
SINGULAR ACCIDENT.—On Thursday, as Mr. Ed-
wards, surgeon, of Ingatestone, Essex, was returning
Hall-lane, from a pro.essional visit along the his horse
suddenly shied, and bounding from the road, struck its
head against a tree with such force that it instantly
dropped dead. Mr. Edwards escaped unhurt.

MONEY and COMMERCIAL NEWS.
CITY, QUARTER TO THREE.
There was a better feeling yesterday in the Liverpool
Cotton Market. Sales of the week 22,370 bales, at id.
to id. per lb. decline. The stock is 387,500 bales,
against 642,100 bales at this time last year.—Railway
Shares have been dull.
The Washington steamer does not bring us intelli-
gence either of an improvement in the exchange, or the
probable early return of specie to the United Kingdom,
although the continued failures here began to create an
impression that there would be increased difficulty in the
mercantile world. There had been a few failures, but
not anything -like to the extent we have to apprehend.
The state of the Money market is bringing the ex-
changes to a favourable position for this country, and
imports of bullion are already the result. The rates for
foreign bills of exchange were yesterday afternoon again
higher, but we wish we could state that the improve-
ment arose from more legitimate causes.
The following are the principal features in the Bank
of England weekly return to the 4th inst.:—
Notes issued now £22,121,695
Decrease 69,180
Rest, now

Increase
Public deposits now 9,329 057
Decrease 128,794
Other deposits now
Increase 477,725
Seven day and other bills now 864,883
3ncrease
Government Securities now 11,661,340
Increase

Other Securities now 21,259,929
Increase
Notes now
Decrease
Bullion now 8,565,307
Decrease 217,396
Active circulation now 18,712,395
Increase
The variations have, therefore, been of considerable
importance, and all illustrative of the stringent condition
of the money market. the Bank has had to take a large
amount of its reserve of notes, as well as its bullion,
to meet the urgent applications of the mercantile com-
munity for temporary assistance, as evidenced by the
remarkable increase in the other securities. The in-
crease in the other deposits is another sign of caution on
the part of the trading interest, and as the same thing
is doubtless taking place in other directions, and the
balances with the private bankers are no doubt less
freely loaned than those in the coffers of the Bank of
England, we may have a ready solution of the cause of
the existing artificial scarcity of money, and the import-
ance of restoring confidence.
As there can be no doubt that the uncertainty re-
specting the probable amount of railway calls is almost
more injurious indirectly than the reality, the following
remarks from the Bankers' Magazine appear to be ap-
posite :
" The sooner some similar course be adopted, the
better a gradual diminution and economy of expendi-
ture will then take place; shareholders, knowing the
amount that will be required, will be prepared to supply
it; fear being removed, a feeling of security will be en-
gendered, that will operate materially in easing the
money and share markets and increasing the value of
railway property. That some such plan must ere long
be had recourse to, is certain, for who that heard or
read Mr. Glyn's speech at the London and North-
Western meeting in August last, could have supposed
the directors of that company would immediately after
make calls for no less a sum than 500,000 L—half a
million ! Tet such is actually the fact. The maxim of
Put not your trust in princes,' is evidently as applicable
to directors as monarchs."
In the City to-day affairs show no improvement.
Money is held with a " clutched hand," want of confi-
dence is more apparent than ever, and few venture to
predict an improvement unless something is done, and
that speedily.
The Stock Market exhibits a heavier appear-
ance even than in the early part of the
week. Money sales continue to be pressed with per-
severing assiduity, necessity compelling. Consols
have been 834 to 83k for transfer, and 83i
to 831 for the 14th inst. Exchequer-bills, however,
have not been lower than 65. to 10s. discount, while
India Bonds range from 235. to 30s. discount. India
stock has been at 227. The revenue returns, it is said,
will be unfavourable.
The Foreign Investments have been flat. Mexican,
notwithstanding the receipt of a good sum for the divi-
dends, and the prospect of more by the sale of the
cotton warrants, has been heavier at 18k to 19. Spanish
Five per Cents. are 18, and the Three per Cents. 271,
Dutch Four per Cents. have been 82k to 83.
Railway Shares have given way again, and there is a
larger amount in the market than buyers can be found
for. As yet, however, the changes are not material.
CITY, THREE O'CLOCK.
More failures are reported in the City—East Indian
and Portuguese houses.

ONE CLOSING
PRICES OF BRITISH FUNDS. O'CLOCK. PRICES.
3 per Cent. Consols Annuities
2883 N VIA %IA 83%
India Stock
India Bonds, 1,0004
Ditto under 1,0001... . . 3O 16 dis 16 dis
Consols for Account 833/ars:VA 83%
Exchequer Bills. 2d.
1,0004
5001
Sinall

ONE CLOSING
PRICES OF FOREIGN FUNDS. O'CLOCK PRICES
Brazilian Bonds —
Ditto, Small — 76
Mexican, 5 per Cent. 1846 l9 19
Ditto, Account lBl/2 18%
Portuguese 5 per Cents. —
Ditto, 4 per Cent. 22 la 22%
Spanish 5 per Cent. 1840.
Ditto, Passive
Ditto. 3 per Cent —
Ditto, Account 27% 27%
Dividends on the above payable in London.
Dutch 2% per Cent. .
Ditto. 4 per Cent. Certificates 83 82% 82%
PRICES OF PAID. BUSINESS DONE CLOSING
RAILWAY SHARES ' AT ONE O'CLOCK. PRICES
Aberdeen
Amber., Nott., Boston,
and Eastern Junction 2%...... 7s
Ayrshire and Galloway.. 2%
Belfast & County Down, 10
Birmingham and Ox-
ford J unction
Birmingham, Wolver-
hampton, and Dudley 10 ... ..
Birming., Wolverh'pton,
and Stour va11ey..... 8 ......
Birkenhead, Lancashire,
and Cheshire June._ 61/2
Boston, Stamfd, & Birm. 5
Bristol and Exeter
Ditto, Thirds
Buckinghamshire B/. 4s. 33% 3 dis
Caledonian
Ditto, Half Shares..... 21,4
Ditto, Clydesdale June 40
Chester and Holyhead... 32% l7 16
Ditto, Preference 4
Cheltenham and Oxford 2
Clarence -
Do. Ist Class, 6 per Ct. 10
Do. 2d Class, 5 per Ct. 10
Do. Government Loan,
4 per Cent- lO .....
Dublin and BelfastJunc. 20
Dundalk & Enniskillen 12%
East Anglia, 251., L. &
E. and L. and D....... 25 ...... 20
Do., 181., E. & H.... 18
Do.,
3/.105., E. &H. 1
Eastern Counties 2O ...... 16A% 16%
Ditto, Perpetual, 5 per
Cent, IN o. 1....... 61.135. 4d...
Ditto ditto, No. 2... 61. 13s. 4d... % dis l4 is
Do., York Extension.. 10 ...... 8
Do., North. & Eastern 50 ...... 4934 49%
Do., Quarters ... l2l/2......
Do., New
Eastern Union 5O .. ...
Ditto, Quarter Shares 12%••
Ditto, Thirds ... ..... 13s. 4d —
East Lancashire
Ditto. New
Do., do., Exten. Sci 4 114 ..... . —
East Lincolnshire
Edinburgh and Glasgow 50 ......
Ditto Half Shares ... 15
Ditto, Quarter Shares 12% ......
Edinburgh & Northern.. 20
Ditto, New
Ditto, Newport ..... ... 7 ...... --
Ditto, ditto, New . .... 1% —
...............
Edinburgh and Perth... 2
......
..
Ditto, Extension los. .... -- ...... .
Exeter, Yeovil, & Dorch. 2%...
:: .......
.....

.....
and
Ditto- New Dumfries, -
' 2%•
.................... "..
Glasgow,

CCarlisle. Si. 6s. 8d ..... .... Glasgow, Kilmar., & Ayr 50 .... .. __ ••••'•.••...•.• Ditto, New
..... '—

.
GreacteNnotrtglauaerrn?.... ** .....23/4
York 4......... 8114 . . ... . --3
Do., London and 2l' .. ••• - -
Great South. and IVest.
(Ireland) ............. 35
Great Northof England...100
Ditto, New 40/. . 5 -
Ditto, New 304 ........ . 30
Ditto, New 15/ l%
99
Great New
.......... .. 85
Ditto, % Shares ..... —. 50 • ..... 57
Ditto, 14 Shares". 11..... .15 ...... 116%16
23
Ditto, Fifths —29 ..
Ditto, New 17/ --. 7
8 7
Huddersfield &Munn/se. 7,2 ......
Ditto, Thirds ....... 7
.. Hull and Selby
....... 50 .. ... - ........ ....
Ditto, Half Shp re5....25
Ditto, IA Sitar as 12% ••• -
Ipswich & Bur y St. Edm. 15
....
Do., do., P .nd Norwich 12
Do., do.
MO r%Ailab, & Zly).., 2% "1
, Extens.Scrip

Lancaster and Carlisle... 50
Dit to, Thiris .. 10
Lancashire & Yorkshire 82
Ditto % Shares . ... 38 ...... 3714 38
Do. Quarter Shares... 141% l2
Do. Fifths 6l/..... 7 6%
Do. Sixteenths 61% 614
Do, Thirds (Reg.)....71. ,15.......
Do. Liverp. and Bury 34
Ditto 12 (late Hud-
dersfield and Sheff.) 28
___ _ . _

.. 38
1.•• • 12 V 2
714
6 :i

Do.( Wakefield, Ponte-
fract. & Goole
Do. (W. Riding Union) 4/. 2s —
De. (Preston & Wyre) 25

~.. 2:r4 d'is.
34

Do. 14 Shares (A) 9
Ditto ditto (B) 114 —
Leeds and Bradford 45
Leicee,er and 8edf3r61... 165.......
Leeds, Dewsbury, &c.... 37% — ,,, ,,,
Do., Branch Shares 1214..

Do. New BranCh(blue) 21% —
Do. Extension (green) *2..

Do.NewExtens.(pink) 21/72 — .....
Leeds al d Thirsk 3l
Ditto, New
Do., l'refer., 6 per Ct. 3%. ... 1%.
Livci pool, Crosby, and
Southport ........ ...... 2
Liverp., Mnchstr & New
Junction . .......
London and Blackwall..l6l. 13s. 4d. 5
Lo New, No. 1
Do. New, No. 2 .. 13s. 4d....
Do. Extension l5
Lordon, Brighton, and
South Coast
Do. Consol. Eighths.. 20
Do. l,uarant. 5 per et. 9
Do. Pref. Con.s per ct. 50 ...

LundonandGreenwieh 121 15s 4d
Ditto, Preterence...lB/. I;s.2d
Loudon and N. Western 100 152
Do., Quarters L. & B. 17
Do., do., New ...... 2
Ditto Fifths ..... .... 2
Do. Shares (G. J.) 20
Do 401.Shares(L.M.) 15

Do. 40/. (M. &-B.) ... 40
Do. 101. (M & B.) A. 5
Do. 10/. (➢l. & Is.) B. 5
Do. 101. M. & B.) C. I.
I,oadon, Oxford, and
Cheltenham
L md. & S.Wt stern ...41/. 6i. 8d... .
Do. New ConsoL Bths 40
Do. New 501. ..... 3214..
Do. New 401. 26 ...
Do. Tenths (Consol.) 50
Ditto ditto . 40

Ditto, Thirds— 61. 13s. 4d
London, Salisbury, and
Yeovil ..... ........ 1%
Londonderry&C araine 25
•• •••••I
Londonderry and Ennis-
killen...... ..... 22%
Manchester,Buxton,and
Matlock... . . 3
MancheAter, Sheffield,
and Lincolnshire 100
Do. Quarters (No. 1) 13

Ditto ditto (No. 25
Ditto ditto (No. 3)... 7% — .....
Ditto and Grimsby.... 25
Ditto ditto . 7
••••
Ditto ditto
Ditto Sheffield and
Lincolnshire 71,( ..... •••••
Manchest. & Southampt. 2
Midland
Do. Consolidated Pref.loo
Do. 401. Shares
Do. 501. Shares lO
Do. Birm., and Derbyloo
Midland Consol. Brist. &
Birming., 6 per cent.loo
Midlnd, Brist. &Glocstr. 34
.....
Ditto, ditto 71.95....... .....
Midlnd, Leicest. & Swan-
nington, 8 per ct.guar. 50 ...... ......
Midland Great Western
Trish 3O
Newcastle and Berwick 25
Ditto Naw
Ditto North Shields 25
Newcastle and Carlisle...loo
Do. Quarters 5O .. .
Newmrket&Chesterforel 13%_ —

Do. Extension . ..... —2l. 125....
Newport, Abergavenny,
and Hereford
Newry and Enniskillen 7
Newry, Warrenpoint,
and Rostrevor lO —
Nod olk ... 100
Do. New 204 - ..... •••
Do. Extension
De. Scrip, 1847, North
of Norfolk
Do. do. Waveney Val. 2
..... ....
Northern Counties Union 4 —
North British ... ..... ... 25
Do. Half Shares l2l/2..-..
Do. Quarters 43/ —
Do. Extension
Ditto Thirds 1 ... .. 11,g 1
North Staffordshire...... 7% ...... 73/4 %%
North Wales
North Western 4
Oxford, Worcester, and
Wolverhampton
Reading, Guildford, and
Reigate
Royston and Ilitchin ... 1%
Scottish Central
Scottish Midland 17% — . ......,
Ditto, New lO
Sheffield, Rotherham,
and Goole
Shrewsbury and Birm... 6
0411111
Ditto ditto, Class B. 3
Shrewsbury & Chester
(Nor. W. Zinn.)
Ditto Halves ... ditto 8
Ditto Oswestry ...... 12
Ditto New
••••
Shrewsbury and Herefd. 2 ...„..
Shropshire Union
South Devon 4O

Do. Preference
South Staffordshire 21. 125....

13
3%

814
1114

814
41

28%
493

40
_94

25 li
12

IVA
74

1

' South Eastern & Dover. 331/8 28% 29 ..
Do., No. 1 20
Do., Nc. 2.
Do., No. 3 ..
Do., No. 4
South Wales ...... 15
South Yorkshire, Don-
caster, and Goole 2
Swans. & Loughor & Ca-
meron's Stm. Coal. ... 2
Taw Vale Extension ... 4
Thames Haven Dock
and Railway ..... ...... 17%...••.
Vale of Neath ... .. 4
Waterford and Kilkenny 13%.
Waterford and Limerick 3i
Watertd,Wxfrd,Wicklw,
and Dublin -
West Cornwall
Whitehaven & Furness 8 —
Windsor, Staines, and
South Western ..... ... 425....... ..._
Wilts, Somerset, & Wey-
mouth
York , Newcastle, and
Berwick. .... .. 25 .• ... ...... .•••
Do. Original New and
Berwick
Do. North Shields Pu r. 25
Do. Extension No. 1. 10
Do. do. No. 2. ..... ... 5
Do. G.N.E.Preference 8
York and North Midland 50
Ditto, Preference lO
Do. East and W est Rid-
ing Extension
FOREIGN RAILWAYS.
Anglo. Belgian...
Barbadoes 1
Boulogne and Amiens... 20 ...... 13114 l3
Bordeaux,Toulouse, and
Cette (Constituted) )... 4 .. ...
Central of France (Or-
leans and Vierzon) ... 14
Central of Spain ... .... 2
Ceylon .......... .... .. .... ss.
Demerara 2% ......
Dendre Valley
Direct Bombay and ...
Madras
Dutch Rhenish ....-
East Indian ... ..... .... ss. .....
...,
Great Indian Peninsular ss. ......
...-
Great Southern of Madras ss.
Great Western Bengal... ss. ••••• ...... ....
...-
Great Western Canada... 314 ......
....
Italian and Austrian. ... 4 ..• ..
....•
Jamaica S.Mid. J unction 1 . —
..--
Louvain ala Sambre ... 6 ... . ••
....
Luxembourg...... ..... .. 6
Lyons and Avignon
Madras ... 1
..
Madras. Nellore, and
Arcot IA — ..... .. ......
Madrid and Valentia.... 2 ...
................... .
105
Namur and Liege
4
•
Northern ofFrance.... . .... .. 10 ..
Orleans and Bordeaux 6
Over Yssel 4135 4d
43,4..
Paris and Lyons ...... .. 10 ....
...... --
Paris and Orleans ........• 20
..--1,
Paris and Rouen ........ 20
1•• li
Paris and -Strasbourg 8
• ..... •• 9
Rouen and Havre
Sambre and Meuse ...... 16
•••• ......... " "'
Strasbourg and Bale ... 14
Tours and Nantes ..•-• 8
den, and Hasselt.
Trinidad 2% — ...........
West Flanders ...... •••• 8
JOINT STOCK BANKS.
Australasia - ••• ••• •• •• •
London Joint Stock 10
British North American 50
Colonial 25
Commercial of London 20 —
Provincial of Ireland ... 25
...... ••••• •
London & Westminster. 20
Ditto New... ..... —... 13
National Prov. England. 35
Ditto, New...... .. ..... 10
National of Ireland 22%
Ditto, New
Union of Australia
Ditto,New... 2% ...... •••••••
Union of L0nd0n......... 10
Union of Madrid

174

4
4IJ

.....
104

28 //4

13 ,
,‘•

A few evenings ago (or early in the morning) a:/f,
little girl, who had been employed in hop. picking at ""t
John Smith's, of Wick, was passing along Broathstreer;
she picked up a small canvas bag, and finding that tbedi,
was money in it, took it to her mother, who itnine(l
ately mentioned the fact to the police, when it was foul,
that the bag contained bank notes and other securitieAs.6,
the amount of 1,0001. The owner was shortly after I
covered. We are pleased to add that he presented le
little girl with 1001., and also gave the mother 5
Worcester Journal.