The Sun.
London, England, 1847-10-12 00:00:00

TUESDAY EVENING, OCTOBER 12, 1847.

MONEY and COMMERCIAL NEWS

CITY, QUARTER TO THREE.

The Cotton Market at Liverpool yesterday was quiet
but firm. Sales 3,000 to 4,000 bales. Railway Shares
were further depressed, and there was a large quantity
of stock offering.
Accounts of July 27 have come to hand from Graham's
Town, Cape of Good Hope. It appears that the Kafir
chiefs, Sandilla, Krieli, and Mapassa, were disposed to
form a confederation against the British, but in this
there would be nothing to regret, as it would be far
better that :we should have a fair chance with them in
the open field.

The Money Market seems a little easier to-day, and
the arrival of specie from abroad serves to impart rather
more buoyancy, together with the apprpaching payment
of the dividends.

The following is rather a curious suggestion in a
provincial journal, for affording ease to the money-
market:—

Sir,—The journal of this morning quotes thus:—
' The problem which the currency doctors have set
themselves to solve is, how to thrive upon credit with-
out capital.' This is easily solved—by permitting them
to use the capital they have now locked up, and to open
the mint to them, as at Calcutta, under a tax of once
and a third per cent., and where the people have coined
for themselves upwards of twenty-nine millions sterling
in twelve years.—Vide Parliamentary Reports, March
10, 1846.
" Sir Robert Peel has not coined sufficient for the
people, nor will let the people coin for themselves, in
order that the bullionists may obtain extra usury from
land, trade, and labour. Whenever this leave is given,
I will soon be at the door of the mint with hundreds of
people ready to avail themselves of this justice.
"I am, Sir, yours respectfully,
" EDMUND TAUNTON,
An old Foreign Merchant of 1807.
" Birmingham, Oct. *, 1847."

The English Funds have been better supported after
the serious reaction of yesterday, but there are a good
many sellers still who have been waiting the re-opening
of the transfer books. Consols have ranged from 824
to 83i for present Transfer, and about 1 per cent. more
for Account. Exchequer Bills have been 10s. to 20s.
discount, and East India Bonds 225. to 30s. discount.
In the Stock Exchange, therefore, money is still scarce,
arising from the arrangements for settling the account.
The New Three-and-a-Quarter per Cents. have been
83i to 82i ex. dividend. Bank Stock has ruled at 1841
to 180 ex. dividend, and India Stock at 2241 to 220.
Consols scrip has been at 6 discount. Another instal-
ment is due the 6th inst.

Much solicitude is still felt regarding the French
loan, and the probable amount that may be subscribed
for here. We conceive that there will be a much smaller
list than is usual made up in England, and that the Bank
of England will exercise some vigilance to check exports
of bullion.

The Foreign Stock Market is very dull. Mexican
Bonds have been down to 18i i. Spanish Three per
Cents. are 27. Dutch Two-and-a-Half per Cents. have
been quoted 53i.
Railway Shares have been rather flat, and in many in-
stances cheaper.

ONE CLOSING
PRICES OF BRITISH FUNDS. O'CLOCK. PRICES.
Bank Stock ...182 1841,4 180 1821, x d 180 x d
3 per Cent. Reduced Antis 81%876 xd 821,E x d
3 per Cent. Consols Annuities B3 831/ 823% % 82%
New 314 per Cent. Annuities ...83%% 82 ,', %x d 83%x d
LongAnns. to expire Jan.lB6o 8% 5-16 3-16xd 8 3-16 x d
Ditto 30 years, Jan. 5, 1860 8 9-16 % 81%
India Stock 2241/ 220 220
India Bonds, 1,0001.
Ditto under 1,0001... •-•
Bank Stock for Account ...
Consols for Account 83 82% 8318 823% 83 83%
3 per Cent. Consols Scrip ...... 6 dis 6 dis
Exchequer Bills. 2d.
1,000/.
500/
Small

ONE CLOSING
O'CLOCK PRICES

t'RICES OF FOREIGN FONDS.
Brazilian Bonds
Ditto, New, 1829 and 1839
Mexican, 5 per Cent. 1846 1834% 18%
Russian Bonds ••• ••••••• 105
Spanish 5 per Cent. 1840.
Ditto. 3 per Cent 27
Ditto, Account .
Venezuela Bonds, 21/4 per Cent...
Ditto, Deferred ... 81/2
Dividends on the above payable in London.
Dutch, 21/2 per Cent., 12 Guild.... 531/4
Ditto. 4 per Cent. Certificates 83 83%

2714
8%.
5314
83

PRICES OF PAID. BUSINESS DONE CLOSING
RAILWAY SHARES AT ONE O'CLOCK. PRICES
Aberdeen
Amber., Lott., Boston, .
and Eastern Junction 25,E
Ayrshire and Galloway.. 2% —
Belfast Sr County Down 10 ......
Birmingham and Ox-
ford Junction
Birmingham, Wolver-
hampton, and Dudley 10 ..
Birming.,Wolverh'pton,
and Stour Va11ey..... 8
Birkenhead, Lancashire,
and Cheshire June.— 6% —
Boston, Stamfd, & Birm. 5 -
Bristol and Exeter
Ditto, Thirds
Buckinghamshire Bl. 4s 33/4 dis
Caledonian
Ditto, Half Shares..... 2% — -

Ditto, Clydesdale June 40
Chester and Holyhead... 321
Ditto, Preference
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 ...... —..

Do., 181., E. & 18

17%

163/4

......
1614

Do.' ‘B/. 103., E. &H. 1 —
Eastern Counties 2O ...... 16%% ••
Ditto, Perpetual, 5 per
Cent, No. 1. ...... 6/. 13s. 4d... % dis par
Ditto ditto, No. 2... 61. 13s. 4d...
Do., York Extension.. 10 ...... 8
Do., North. & Eastern 50 ...... 49 ... •••
Do., Quarters
Do., New 23
Eastern Union 5O .. ... .......•••• •••
Ditto, Quarter Shares 121/2 —
Ditto, Thirds ... l3s. 4d —
East Lancashire
Ditto. New
Do., do., Eaten. Scrip 114
East Lincolnshire
Edinburgh and Glasgow 50 ...•••
Ditto Half Shares
Ditto, Quarter Shares 12% ••••• •
Edinburgh & Northern.. 20
••
Ditto, New
Ditto, Newport .....
Ditto, ditto, New .
Edinburgh and Perth... 2
Ditto, Extension
Exeter,Yeovil,& Dorch. 2%
Ditto, New
•••
Glasgow Dumfries, and
Carlisle 81.65. 8d
Glasgow, Kilmer., & Ay; 50 ...... .........
Ditto' New .. 35 , —
Do., 14 Shares (5 per '
cent. guar.)
Great Northern 8
Do., London and York 21k. ...
Great South. and West
(Ireland)
Great Northof England..loo 217 219 219
Ditto, New 404 5
Ditto, New 30/ 30
Ditto, New 15!. l%
Great Western
Ditto, % Shares
Ditto, 1/4 Shares_:...... 15
Ditto, Fifths
Ditto, New 171 7
Huddersfield & Blanches. 22 ...... _
Ditto, Thirds
Hull and Selby 5O .• ... 98
Ditto, Half Shares.... 25 ......

124

2%

Ditto-,14 She-es 12%
Ipswich & Bury St. Edm. 15 , —
Do., do., and Norwich 12
Do., do., Extens. Scrip
(late Camb. & Ely)... 2%
Lancaster and Carlisle... 50
Ditto, Thirds lO
Lancashire & Yorkshire 82
Ditto % Shares . ... 38
Do. Quarter Shares... 14% l2 11%
Do. Fifths 6%.....
Do. Sixteenths 6IA —
Do. Thirds (Reg.)....10/. 4s. ... 6 dis 6 die.
Do. Liverp. and Bury 34
Ditto 1/4 (late Hud-
dersfield and Sheff.) 33
Do.( Wakefield,Ponte-
fract, & Goole
Do. (W. Rid ingUnion) 4/. 28 -
Do. (Preston & Wyre) 25 —
Do. % Shares (A) 9 —
_a Ditto ditto (B) ... 114
Leeds and Bradford 45
Leicester and Bedford... 16a. —
Leeds, Dewsbury, &c.... 37% — ... ......... --
Do., Branch % Shares 12 14_ ..
Do. New Branch( blue) 2%
Do. Extension (green) 2 %.. ...
Do.NewExten. (pink) 2% —
Leeds and Thirsk 3l

-19
„-ri i

_®

Ditto, New 17% •••••••• ••••••
Do., Prefer., 6 per Ct. 3%.
Liverpool, Crosby, and
Southport .... ....
Liverp., hinchstr& New-
castle Junction 2%•
London and Blackwall..l6/. 1.35. 4d. 5 ...
Do. New, No. 1
Do. New, No. 2 .. 31 l3s. 4d.... 13/4 dis l3/4 di3.
Do. Extension l5
London, Brighton, and
South Coast
Do. Consol. Eighths.. 20
Do. Guarant. 5 per ct. 9
Do. Pref. Con. 5 per ct. 50
Lyndon and Greenwich 121 15s 4d — ...............
Ditto, Preference...lB/.175.2d—
-150 1501/2
London and N. Western 100
"9% 149%
Do., Quarters L. & B. 17
Do., ao., New
Ditto Fifths
Do. ii Shares (G. J.) 20 ...... 11 101/ 2
.........
Do 406Shares(L.M.) 15 ...... -- ..........
1 . ...
...............

4114

10%