The Sun.
London, England, 1847-04-16 00:00:00

MONEY and COMMERCIAL NEWS.

CITY, QUARTER TO THREE.
The Cotton market at Liverpool was very animated yes-
terday, and the sales amounted to 10,000 bales, including
3,000 bales of American and 3,000 of Surat on speculation.
The quotations for American were %d. to 4d4 per lb. dearer.
There were 3,500 bales Surat sold at 4d. to 5d., and 6,000
bales of American at 63/ d. to 7%d. per lb.—Railway Shares
were aready, but not brisk.
The advises from the United States have engaed almost
exclusive attention to-day, and there has been much discus-
sion as to the construction to be put upon them. Some
regard the improvement in the rate of exchange as being
merely temporary, and not likely to prevent the continued
exportation of specie from the United Kingdom, in the face
of the immense supplies of provisions which we
have yet to expect. Others, on the contrary,
anticipate that the purchases of goods here,
even at the reduced limits generally given,
will go far to ease the balance against us, provided our
manufacturers can be induced to keep their mills going with
cotton at such high rates. The scarcity of shipping was still
felt, and the continuance of the Mexican war will cause full
employment for a large number of vessels which otherwise
would be free for commercial purposes.
In Toronto the flour trade had been firm, and sales of 2,000
barrels, lying at Kingston, were last made at over 6 dollars.
A statement of the liabilities of the Bank of Montreal, for
the month ending Feb. 28, makes the amount 846,5241., in
which promissory notes stand for 519,082/., and cash deposits
for 244,0001. The assets were 1,596,8501., the coin amounting
to 137,9001., and the notes and bills discounted to 1,370,0001.
Respecting the weather, we are advised from Montreal as
follows:—•' Daring th....• whole of last week very tine weather
has prevailed, and the sleighing, where the roads are
net broken, in sabots, by the now returning use
of the old-fashioned trains, are very good. An im.
manse quantity of produce has, consequently, found its
way into, and the streets are more thronged with country
people from a distance than they have been this winter. The
snow is lying very deep, having fallen late, and there having
been few thaws in the winter months," so that whenever
spring sets in we may expect it to burst on us with unusual
suddenness.

At Kioglton warm days and cold nights were the order of
the month. The sap is running, and the farmers were
making sugar, the first labour of the year. The crossing on
the ice still remained good, and the sleighing waA yet good.
The Toronto Colonist says—" In anticipation of the East
India mail for Britain, the Canada Company received appli-
cations from all parts of the province for exchange for remit-
tance. No less than 250 bills, amounting in all to about
2,5001., were granted; and it is highly honourable to the
Irish character that we are able to record that of this large
sum nineteen-twentieths was remitted to Ireland, by the
Irish in Canada, in sums varying from one pound and up-
wards."
The Court of Directors of the Bank of England are evi-
dently impressed with the difficulty of acting iu the present
crisis so as to retain their bullion, and yet not unduly to dis-
tress the mercantile interest; otherwise at their parlour meet-
ings they would be likely sooner to come to a decision.
Yesterday they sat until late in the afternoon, and came
to the determination of keeping the rate of interest at live
per cent., but of leaving themselves at liberty to decline
or accept bills of three months' date. The con-
sequence is that money is dearer to-day with
the discount houses, especially upon any but first-
class bills. We have even heard of 8 per cent. being
refused upon paper presumed to be connected with specula-
tion. In the meantime the price of grain is on the advance,
and the decrease in the note circulation of the United King-
dom during the month to the 27th ult., compared with the
previous four weeks, was upwards of 700,000/.
The Stock Market opened this morning with come appear-
ance of buoyancy, Consols having touched 8714 to for
present transfer, and 8714 for May 27. Since then sales
have been again pressed, and the quotation is about 87 to %
for both. Exchequer-bills are rather higher, viz., 2s. dis-
count to Is. premium. Bank Stock is worth 193 to 195.
The New Three-and-a-Quarter per Cents. have realised
87% to 88.

The Foreign Bonds have been dull. Portuguese Four per
Cents. are 3434, and Spanish Three Cents. 36% to 318.
Mexican are IU, being flat still. Dutch Two-and-a-Ralf
per Cent. realise 58.
Railway Shares have been tolerably steady, though with
but little doing.
BRIT Isil FUNDS.

ONE CLOSING
O'CLOCK. PRICES.
Bank Stock .. .. .. .. .. .. •• 195 193 193
Three per Cent. Reduced Annuities .. .. 86%145( 86%
Three per Cent. Consols Annuities .. .. 87% % 86%
New Three-and-a-Quarter per Cent, Arms. 87% 88 87% 88 88
Long Annuities, Expire Jan. 3, 1860 .. 98% 8%
Ditto, 30 years, Oct. 10, 18.59 .. 8% 13-16 8 13-16
Ditto, 30 years, Jan. 5, 1830 .. .. 914 9%
India Bonds, 1,0001. .. .. .. .. ..

Ditto, under 1.0001. ..
south Sea Stuck

Ditto, Old Annuities .. 84.
Consols for May 27 87% 1,4% 87
Three per Cent. Consols, Scrip .. •• • 2% % dis
i..xchequer Bills. I%d. 2d.
1.0001... .... par 2 dis I p
5001. 2 die 1 p
Ditto. Small 1 2p 1 dis
ONE
O'CLOCK.

FOREIGN FUNDS.
Brazilian Bonds, 5 per Cent ...

Ditto, Small ..
Chilaw Bonds, G per Cent .. . 9l
Mexican Bonds, Itt46, 4 per Cent .. 20%
Ditto, for the Account
Portuguese Four per Cent

.. .. 34%

Ditto, for the Account
Spanish Bonds, 5 per Cent -
Ditto. Three per Cent .. 3G
Dividends on the above payable in Lwzidon.
Belgian Four-and-a-lialt per Cent ..
Dutch Two-and-a-Halt per tent SSN
Ditto, t Der Cent. Certificates .. 90 89%
Ditto, Bonds ..

PRICES OF
RAILWAY SHARES.

3 dis

84%
867 i
2% dis

CLOSING
PRICES.

8234
914,
2151%
20%
34N
34
2.5%
36%

BUSINESS
PAID. DONE AT CLOSING
ONE O'CLOCK.

Aberdeen.. ..
Amber., Notting., • Beaton. and
Eastern Junction .. • • 2%.... 2ex int. •. 2 x int
Birmingham and Oxford Junction 5 .... 13% • . 13%
Buckinghamshire ..61.45..... par •
.......... par
Caledonian •• •• .. 30 .... 25%34 ........ 25%
F.sittorn Counties 20 .... la 19 ...... 19
Ditto, York Extension 5%.... 4 •
34
East Lancasldre .. • • .. 17 ••• • .•••. • • • •
Ditto New .. • . . • • • • 7% •• • • 8 % ...... •• • •
East Lincolnshire . • .. • • 4 • • • ...... •• • •
Edinburgh .tlid Glasgow .. .. 50 .... 72 .•••• • • ..
Great Northern 3% .. • • 34
Do., London & York Extension 23y . . • •
• ;rest Southern & West. (Ireland) 30 .... 25 ...... •• ..
.treat North of England . 100 ....231 •• .. 231
.treat Western 85 ..........
Ditto, Half Shares 50 .... 694 .......• . 6914
Ditto, sew. 434 ......
Hull and Selby .. 50 .. • • ...... 112
Leeds and Bradford • . • • .. 40 .... 834 ..... •.. 8314
Leicester and iledfortd . • • • 14. .... dis .... • • 3t dis.
Leeds and Thirek
Liverp., Matadi., & Newc. Janet. 2% .... 1 t,G ...... 1%
London and Blackwen .. 161. 133. 4d. ..........
Ditto, New, No. 2 • • • • 11. 13s. 4d. % p.... •• • • if P
London, Brighton. and S Coast •• 50 ... 524 % ........ 52%
London an , North-Western ..100 •• • • 174 .... •• •• •• 175
Ditto, Quarters .. L. and B. 7 ..........
Ditto ditto, New Shares • - .. 2 .... 12 ........ • • 12
Ditto, Fifths .. • • • • • • 2 •• •• 16 ........ • • 16
Ditto, 101. Shares M. &B. (A) 5 .. 10%
London and South- Western • • 411. 6s. 10d.•• 63 64▪ 3
6334 .. 6334
Ditto, Tenths (Consolidated) • . 50 53% •
•5334
Lynn and Ely .. .. 20 .... 21% ...... •• .. 21%
Manchester and Leeds .• • • •• 82 ....101 ... • ..... 101
Ditto, Fifths • • • • • • • • 5 •• • • 9% %%•• • • • • 9%
Vanchester, Buxton. lc_ Matlock 425....• tip.,
Stanchest& and Southampton .. 2 .... lIA 1%
Midland •• •• • • ••100 •••..115 116. •• • • • 117
Ditto,- New .• •• •• •• 36 •• • . 39%.....•.
Ditto, New .. .. • • • • 2 •• • . 434 5 5
Newcastle and Berwick .. •• 20 .. •• 26 25%
Ditto, New .. • . • •• • 6 •• • • 7% ........ • • 7%
Newmarket and Chesterford .. 10 ....
Northern Counties Union .. 234
fi
North British •• • • 25 •• • • 32 .. • • •• • • 32
Ditto, Quarter Shares • • • • 2% 334% •• 3%
Ditto, Extension .. • • • • %•• • • 1% ••••• • • • • • 134
Ditto, Thirds • • .. • • • • 1 •• • • 3% .. • • ..• . • 3%
North Staffordshire .. • • • • 5 •• •• 7%3., •••• • • ••
Preston and Wyre • • • • • • 25 .. • . 34 ...... • • • 34
Beading, Guildford, and Reigate -5 ... • 47, % 4%
Shrewsbury and Birmingham .. 334 .... 4 •• • . 4
South -Eastern and Dovor .. • • 33%,,.. 364 ........ • • 36%
Ditto. New (iss. at 321.) No. 1. 20 ... 20% ...... •• • . 20%
110., New (do. 151.) .. No. 4. 5 514 ........ •• 5%
south Wales .. .. • • • • •• 10 .. 734 •• . .• • 714
Waterford and Kilkenny .. • . 1334 ....
West Riding Union .. .. 41. 25... . • 1 p
York and Newcastle .. • • • • 25 .. •••• • • •• 34
Ditto, New.. .. • • • • 10 .... 14% • ..... 14%

Ditto, Preference .. • • • • 4 .... 7yi.. • • .
York and North Midland .. • • 50 •. • • k 1 iA ....
FOREIGN RAILWAYS.
Boulogne and Amiens •• .• =0 .• •• ••.• .• 16%
Demerara .. . • • • • • • 2i •• • • 33 •4
East Indian . .• .•
Northern of France • • • • • • a .... 12% ... -..• • • 13,4
Paris and Lyons •• .. • • • • 8 .... 5% ...... . . 5%
Sambre and Meuse •• .• 12 .... 6 6

MINES.

ces' del 3foutes tlarezlstered 314

The following was issued at the Discount-office just
before the Bank closed yesterday afternoon:—
" The minimum rate of interest at the Bank of
England is 5/. per cent."
There is no limit assigned for bills, and the merchants
hink that this indicates more liberality; others appre-
bend more restriction.