The Sun.
London, England, 1847-04-01 00:00:00

THE 6ON, LONDON, THURSDAY EVENINCT, APRIL 1, 1847

MONEY and COMMERCIAL NEWS.

CITY, QUARTER TO THREE. I
The Cotton Market at Liverpool yesterday was quiet,
but firm. Sales 5,000 bales, including 4,000 bales of
American, at 6d. to 7id. per lb. Shares were dull.
A perusal of the various market reports from India,
received by the Overland Mail, leads to the impression
that they are in most respects of a more satisfactory com-
plexion, and that the demand for imports had improved
in consequence of the intelligence conveyed out upon the
subject of the advance in the raw staple
here. The supply of cotton fabrics, was, however,
quite equal to the existing demand, and will need but
gradual and cautious replenishment. The value of rice
had advanced, and indigo was firm. The exchanges
were more in favour of India, there being a good supply
of bills, but the Company continue to turnit.h drafts at
Calcutta at 2s. per rupee. Shipping was comparatively
scarce; but fresh arrivals were expected. Money had
been rather scarce, but it was thought the Government
were taking up more money than they really needed for
the Five per Cent. loan, in order to reduce subsequently
the interest on a part of the debt.
The position of tbe Bank of England, and the predic-
tion that its bullion will be further materially reduced,
is calculated to test severely Sir Robert Peel's new Cur-
rency Bill, and the " Banker's Magazine" specially calls
attention to the difficulty in which the Bank is placed
by being compelled by law note policy to keep a large
amount of bullion in the issue department, even if the
banking department is drawn upon to the last sovereign.
Supposing a rigorous application of the screw to be re-
solved upon, a writer in the same periodical asks:—
" But how will the various branches of our trade
support the pressure ? How wU our agriculturists
and manufacturers be able to prnreed, with high
rates of interest and limited accommodnion ? Surely,
the obvious fact that the natural, proper, and periodical
demand for banking, accommodation to carry on the
usual business of the country cannot to complied with,
under the circumstances referred to, proves that the
foreign exchanges ought not, without some compen-
sating arrangement of our currency system, to be made
the arbitrary regulator of the local circulation ?"
The Banker's Magazine then calls upon the farmers,
shopkeepers, manufacturers, railway shareholders, and
cauntry bankers, to unite in opposing the continuance of
the law.
In the Consol Market the desire to sell has been again
shown this morning. The scrip of the new loon has
been sold at 1 per cent. discount. Consols :for the Ac-
count have fluctuated from 88i to 88i, the latter being
the present value. For money the rates are precisely
similar. Exchequer-bills have been sold at 2s. discount
and at 2s. premium. India Bonds have dropped to 55.
discount. All the other Funds are flat.
Very little business has been done in the Foreign
Funds this morning. The only quotations have been for
Spanish Consols. 22i; for the Three per Cents. 34k;
for the Dutch Two-and-a-Half per Cents. 58k; for the
Four per Cents. 91; for the Mexican Five per Cents.
211 and Grenada Deferred, 2i.
I❑ the Railway Shares the transactions have not been
numerous this morning. Buyers came forward appa-
rently with hesitation.
The weekly meeting of the Court of Directors of the
Bank of England (of course, private) has broken up
without any vote being taken as to the policy of further
enhancing the rate of interest upon advances on dis-
count. It was certainly a very general opinion that
this course would have been adopted, but there are
probably sound reasons for continuing things for the
I present as they are.
BRITISH FUNDS.

ONE CLOSING
O'CLOCK. PRI, :ES.
Three per Cent. Reduced Annuities .. .. ex div 87%
1 hree per Cent. Consols Annuities .. .. 88 % !s, % 88%
Long Annuities, Expire Jan. 8, 1860 ..
Ditto, 30 years, Jan. 5, 1860 .. • • —9%
India Bonds, 1,0001. .. .. • • • • • •
Ditto, under 1,0001. .. • • .. .. 5 die 5 die
Bank Stock for April 14 .. . • .. .. 204% 204%
Consols for Account .. • • .. •• 88 14% 88%
India Stock for Account .. • . .. .. 248 248
Three per Cent. Consols, Scrip • • • • . % 1 dis 1 die
Exchequer Bills. 150. 2d.
1,0001... •• ..... •• • • 2p 1 dis 2 p 2 p
cool. . .. ...• par 2p 2P
Ditto, Small •• •• 1 dis 3 p 3 p
ONE CLOSINt,
FOREIGN FUNDS. O'CiAJCK. P+<l(2 En.
Chilian Bonds, G per Cent .. . .. ex div 91%
Grenada, I per Cent • • • • • • •
Ditto, Deterred • • • • • • • • n
~ 3, N,, 3%
Mexican Bonds, 1846, 8 per Cent .• A7e 21%
Portuguese Four per Cent •• ..
Ditto, for the Account .. .. .. 34
Spanish Bonds, 5 per Cent .. .. 22% 22%
Ditto, Three per Cent .. .. 34% 34
Venezuela Bonds, 2 per Cent .. .. 40 ex div 40
Dividends on the above payable in London.
_ _ ...

Dutch Twoandl:a-ilalf per Cent .. 58% 54%
Ditto. 4 per Cent. Certiftates .. 91 ex div 907
PRICES OF BUSINESS CLOSING
RAILWAY SHARES. PAID. DONE AT PRICES.
ONE O'CLOCK.
Amber., Notting.. Beston, and
Eastern Junction .. .. •• 2%.... •••• • • • • 2%
Birming., Wolver., and Dudley•. 11
Boston, Stamford, & Birmingham 5 6)4 . 6%
Bristol and Exeter • • .. 75 75 ......... '75
Ditto, New .. • .. • . •• 10 .... 11% 4. •••• • . . 11%
Buckinghamshire .. ..61.4x..... par .......... par
Caledonian .• 30 .... 26u, 26 .• •• .. 26
Ditto. Half Shares .. • • • • 2% • ... 214
Eastern Counties .• .• 20 .... 19%% 19 .... 193(
Do. Perpet., 5 per Cent. No. 1. 61. 13s. 4d. .. •••• • • .• 1A P
Ditto, York Extension • • • . 5% .... 4% • •
East Lancashire • • • • •• 17 •• • •••• • " • '
..
Ditto, ditto New Scrip • • .. 1% •• .• 2% ••• • • • .... 234
East Lincolnshire .. • • .. .. 4 .... 6% %• • •• ..
Edinburgh and Glasgow • • .. 50 .... 71% ••• • • • ... 71 3<,
Edinburgh and Perth • • • . • • 2 .... 314% %...... 3%
Ditto, Extension . .• 10s• 114 %•••• • • • • 1%
Great Northern .. .. • • 3% % •• .. 3%
Do., London & York Extension 2% .... 2% .......... %
Great North of England . ..100 .... 231 ..... 231
Gtrest Western. - QS . il7 115
Ditto, Half Shares SO .... 68% .. • - 68%
Ditto, Quarter Shares • • .. 12%.... 18 17% • • .... 18
Ditto, Fifths .. 20 .... 26% .......... 26%
Ditto, New . 4% •. • • 7% %• • • .....
Hull and Selby .. .. •• 50 •• .. 102% .. •• • • .... 102%
Lancaster and Carlisle .. 50.. .... 64 ... •• • .... 64

Leeds and Thirsk .. .. .. • • 22►% .... 2014 20 .. •• .. 20
Ditto, New .. .. .. .. 10., .... 9_, • • ........ 9

Ditto, Preference 6 per Cent. •• 3 .... 4%
London and Blackwa .. 16/. 13s. 4d. 8 .

London, Brighton, and S Coast.. 50 .. • . 52% %• • ...... 521,i
London an . North-Western ..100 •• • • 177 175.. ...... 176%
Ditto, Quarters -- • . .. 2 .... .......... 23
.
Ditto ditto, Now Shares .. .. 2 .... 13 12% ...... 12h,
London and South-Western-411. 6s. 10d... ....... .. 64
Ditto, New • • •• .. .. 22%.... 25%.......... 25%
Lynn and Ely • • • • • • • •
Lynn and Dereham • • •• •• 20 .• •• • ..... -• .. 211 A
Ditto,Ditto
Manchester and Leeds .• •• 82 .... •• •• ......
Ditto, Quarter Shares .. .. 12 .... 16 .... ..... 16
..71. 48..... 2% p........ 2% p
Ditto, Fifths • • • • • • • • ..,, 10
Sixteenths.
•••• ••0A••••8%• • • • • • • • • • 8 iii
Midland .. .. .. .. •. ..100 ....115 114% ..• 114%
Ditto, New •• ..• ' •• 30 •' • • 33N h•••• • • • • 33%

Ditto, New • •
Ditto, New .. ••.... .. 2 .... 4 , 5...... ~ 4
NoDDritithttotou,,rtHßasirralauhs.ngh.
arharnes:::d D:e:rby..1,0.,0 ........
_9l 9321:
Newcastle and Berwick • • .. 20 .... •.. —
• :. n128'%.•.• ••.• 185: ..•:.• .... ••
..
185 Z
Ditto, Quarter Shares • • .. 2% •• .. 37fi ..... . . . . 3%
Ditto, Extension • • ' • • • %•• • • 1 ••••• • • • • • I%
Ditto, Thirds • • •• • • ••.1••••3 % • • • • • • • 3%
North Staffordshire • • • • • • 5 •• • • 7% • .. 7%
Oxford,Worcest.,
North Western • • • • • • • • 4 •• • • 314 ••• • • • • 3%
gy Wolverhmpta. 22% .... 15% ..
Preston and Wyre • • • • •• 25 ••.. 35 34% 35% • . 35%
Ditto, Half Shares (A) .. .. 8% .... • ......... ___
Ditto, ditto (B) • • • • • • 1'A•• • • ••••• • • • • • 1%
Reading, Guildford, and Reigate 5 •• • • 5 .. • •
Shrewsbury and Birmingham .. 3% •••• ••••• • • • • • 4li zit
Ditto, Class B .. • • • • • • 1 t,* •• • • 14x 1.. • l%xl
Shrewsbury and Hereford .. .. 2 •. . . 14 • • ...
Shropshire Union .• • • • • • 425..... 1% dis l% dis
South Eastern and Dover .. • • 331% .. • • 36% xd ....., 36% id
South Yorkshire, Doncaster, ana
••
•1%
Wilts, Somerset, and Weymouth 20 .... 12 .. 12
York and Newcastle • • • . .. 25 .... 34%% •••• • • 34%
Ditto, New.. • • • • " '• 10 •• ' 11% ••"•• " '• 15
Ditto, Preference • • • • • • 4 .• .. 7% ...
York and North Midland .. .. 50 .... 84 . • B4
Ditto, Extension • • .. .. 20 .... ...• ••.. • • 36%
Ditto, Preference • • .. .. 2 .... 11% ..... •
Do. E , and W. Riding Exten.• • 10 •• 2114