The Sun.
London, England, 1847-01-22 00:00:00

Humber, Hopkinson, Si. Jobn'c--, New Brunswick, and sailed
fur Hull ; Beaufort, Cuba. _ _ _

Coax, JAN. 19.—A French barque, with loss of rudder and
mainmast gone, was spoken on the Sth inst. by the Horatio,
Hamel, at Cork.
YARMOUTH, JAN. 21.—The Admiral Benhot,v, Kidd, got
on the Scroby Sand yesterday,. was assisted cif, making much
water, brought into this port and is discroarging.
EkMOUTH, JAN. 20.—The Vansittart, Down, from Middles-
borough, in entenng the harbour yesterday, struck on the
Double Ledge, and came off leaky, but was put ashore and
the leak stopped. -
PLYMOUTH, JAN 20.—The Waldron, of New York, from
Havre, which was reported as having been in contact with
a French brig, name unknown, was spoken by the May-
flower, arrived here.

PORT TALBOT, JAN. 20.—The Mary, Rees, which grounded
on the north bank yesterday, came off to-day, after throwing
some of her cargo overboard, with rudder unshipped and
some trifling damage.
LLANELLY. JAN. 19.—The Ethelbert, of and for London,
reported yesterday as having got on the sand bank in this
river, has become a wreck.
ULAY, JAN. 20.—A brig of from two to 300 tons, sup-
posed to be coal laden, is reported to have sunk off this har-
bour in eight or nine fathoms water.

•~UNEY and COMMERCIAL NEWS,
CITY, QUARTER TO THREE.
The Cotton Market at Liverpool yesterday was very dull
again. Sates about 2,000 bales, including 1,500 American
at 7d. to 714 d. per lb. Shares were drooping.
Of course attention has been OnOst entirely absorbed by
the present condition of monetary affairs in the city, and
we must tay that, during a long course of experi-
ence, we have seldom seen such a gloomy
aspect, except in times of actual panic. The question natu-
rally may be asked, how far the existing apprehension is
justified by circumstances? We believe that in the general
excitement few stop to reason, or if they consider matters at
all, they look upon them in an unfavourable light.
The policy of the Bank of Englani, unfortunately, is
seldom one that gives support or confidence at
the periods when it would be most opportune.
Here, for instance, have we and our contemporaries
been writing during the last two or three months almost in-
cessantly upon the cotton speculation, and the necessity of
checking it, and yet not an indication did the Bank directors
give, either directly or through their supposed organ, the
limes, (too busy in decrying railways), of disapprobation
at the operations of the cotton jobbers. An advance of 1/2
per cent. in the rate of interest six weeks or two months
since, when the food question was known to be urgent,
would have saved England an immense amount
now irretrievably lost by the payment to the
American grower and merchant of a sum much beyond
what was necessary for the supplies of cotton received. The
staple, however, has been sold to an immense extent—the
engagements are made, and the money must be paid. Now,
however, the Bank directors are alarming everybody by the
opposite policy pursued. One week they raise their dis-
counts % per cent., the next Thursday another 1,4 is added;
and, seeing their precipitancy, no one can tell what another
week may produce. Surely the Bank directors, with
their extensive means of information, as practical
merchants,, must have been aware of the large
orders given for foreign corn, surely they must
have known the extent of railway engagements, surely
they must have been sensible of the pecuniary requirements
of Ireland, and who knows but what they were not even
consulted as to the necessity of a new Government loan.
Our own impression is strong that they were so consulted,
and that a new loan is extremely probable, unless it is in-
tended to try the effect of an issue of Exchequer-bills at an
advanced rate of interest, which even then will not keep in
circulation any large amount.
We shall be told, possibly, that the Bank of England is
now a private hank, acting for its own safety or advantage,
and not bound to study the public; but we repudiate the no-
tion. The Batik still has great favours accorded to it by the
nation, and as such must not be held exonorated from alle-
giance. If, as some suppose, the Bank wishes rather to
alarm the public by its headlong policy, and not so much to
excite a pressure, we need only answer that alarm always
does create a pressure, and that if the Bank had been for
months past discounting at one per cent., and then weekly
advanced the rate, although the advance in itself were not
onerous, the sane results would follow, viz., fear and even
panic. However, there stands the fact, that the minimum
charge of the Bank on first-rate ninety-five-days bills was
yesterday raised to four per cent., and that no one can an-
swer for its not being whipped up to five per cent. within
a fortnight. We hope. it may be otherwise, but certainly
the proceedings of t: e Bank directors de not re-assure us.
After the remarks above made, it must be expected that
we Lave but a gloomy account of the stock markets. The
" bears" eagerly looking out for a new loan have done their
utmost to excite bond fide sales, for without these their time
bargains would be of no avail. To some extent they have
succeeded, not so much from the actual extent of the business
done, as from the co-operation afforded by the jobbers in the
house, who decline to deal unless at lower rates. Thus we
have had a sale or two for money at a decline, firstly, to
91%, and subsequently to 9034, while for Account the range
has been from 911/2 to 91. As to prognostications, they are
all in favour of still lower values, and if parties will give
way to alarm, we can scarcely expect any other result. Ex-
chequer-bills have realised Bs., and since 3s. and 7s. premium.
The New Three-and-a-Quarter per Cents. have been reduced
from 9314 to 92%. Bank Stock is 204% to 205.
The Foreign Funds are all weak again. Spanish Three per
Cents. have declined to 34/ and %, Mexican to 21% and Ih,
Brazilian New to B,IIA, and Dutch Two and-ii-Half per
Cents. to 57. Russian Bonds have been at 110% to 111, and
Danish at 87.
Shares are considerably lower in many instances, and
cheaper in all.
BRITISH FUNDS THIS DAY AT ONE O'CLOCK.
(From the Official List.) _ _

Bank Stock .: .. 201% 205
Three per Cent. Reduced Anuuitles • . 91% %
Three per Cent. Consols Annuities .. 91% 90%
Three per Cent. Annuities, 1726 .• 00%
New three-and-a-Quarter per Cent. Anus. 931,4 IA 92%
Long Amin!ties, Expire Jan. 5, 1560 .. 93d%
Ditto, 30 years, Oct. 10, 1859 .. 9 7-16
Ditto, 30 years, Jan. 5, 1860 ..
South Sea Stock .. •• ..
Ditto, New Annuities . • • • .. 90
Consols for Account .. .. • • .. • • 91% %% 91
Exchequer Bills. I%d. I%d.
1,0001. .. .. • • 8 37 pm,
Ditto. Small
PRICES OF FOREIGN FUNDS AT ONE O'CLOCK.
Brazilian Bonds, 5 per Cent • •
Ditto, New Bonds, 1829 and 1839 84%
Danish Bonds, 3 per Cent .. • • 87
Mexican, 1837, 5 per Cent .. 21%
Ditto, tor the Account 21% % %
Russian Bonds, 5 per Cent .. .. 110% 111
Spanish Bonds, 5 per Cent ..
Ditto, Passive Bonds .. .. • . 47{t
Ditto. Deferred .. 16%
Ditto, Three per Cent .. .. ..
Ditto, for the Account .. • . 34% 33%
Dividends on the above payable in London.
Belgian Four-and-a-Half per Cent. 94k
Dutch Two-and-a-Half per Cents. 57
Ditto, for the Account .. • • 57%
Ditto, 4 per Cent. Certificates .. 91

BUSINESS DONE IN RAILWAY SHARES AT ONE O'CLOCK
RAILWAYS. PAID. PER SHARE.
Amber., Notting., Boston, & Eastrn Jn. 2 % . . 294 43.. to
Birnnngham :Lid Oxford Junction .. 5 .. • • 14 .. . to 13y,
Birmingham, IVolver., and Dudley • • 425. •• • • 4% p. • to
Bristol and Exeter .. • • .. 75 — •• • • to
Ditto, New .. .. • • • • .. 10 ... • 11%.... to
Buckinghamshire • • .. • • .. 84s. par .... to
Caledonian .. .. • • • • •• 30 294.... to 25
Ditto, Half Shares .. .. 2y, to 2
Direct Northern Scrip .. .. 294 2%.... to
Eastern Counties .. • . .. 20 22% %• • to
Ditto, New .. .. 14 194%.. to
Do., Perpetual,s per Ct. No. 1,6/. 13s. 4d %94 p to
Ditto, ditto .. .. N 0.2, 61. 13s. 4d 94 p.. to
Ditto, York Extension .. .• • • 2 .. • • 5 •.. to 4%
East Lancashire .. 14 .. • . 16 to
Ditto, New .. 5
Ditto, ditto, New Scrip 114 2% to
East Lincolnshire 14
Edinburgh and Glasgow .. .. 50
_ .

Ditto, Quarter Shares .. 12% •• • • 171.... to
Great Northern (London & York Regd) 2% • . 2%14, x. int. to
Ditto (Direct Northern Regd.) • -3% •••• 3% x. int. to
Great Southern and Western (Ireland) 27% .. • • 27 .. • . to
Great North of England .. .. • .100 •• • • 237% .... to
Great Western .. .. • • .. 85 •• • • 125 .. • • to
Ditto, Quarter Shares .. • • • • 12% •. • • 19 .... to
Ditto, New .. . • .. 4%.... 9 to
Hull and Selby .. . 50 .... .... to
Ditto, Hall Shares • • •• .. 25 .... 52 .... to
Leeds and Bradford .. .. • • 35 .... 81 .... to
Leeds and Thirsk • • • • 17%.... 14%.... to
London and Blackwall • • 161. 13s. 40. •• • • 8 .... to
London, Brighton, and South Coast • . 50 .... 54% .... to 54%
London and North-Western • . .. 100 ....191 •• .. to
Ditto, Quarters .. .• .. 2 .. • • -- .. • • to
Ditto ditto New .. • • .. • 2 •• • • 1354 ••.. to

Ditto, 401. Shares .. M. and B. .. 40 .. • 74 •• • • to
London and South-Western 411. G.;. 10d. • • •• 61% to
Ditto, New •• • • .. •. •• 241(2...... to 25

Ditto; Scrip • • • • •• • • • • 5-•
•• • 5-31%, • • to
London and York Scrip •••• to

Ditto, Extension ditto .. .• .. .• • • 2%14 to
Manchester and Leeds . 82 .• • .105 .... to 107
Ditto. Quarter Shares .. .• •• 12 .... 16% • ... to
Ditto, .. 5 .... 10% • . to
Ditto, Extension . . 425..... p.. to
Manchester, Buxton, and Matlock - • 428. •• • • M p.. to p
Manchester and Southampton .. • • 2 •• •• 1% .. • • to
Midland
Ditto, New .. •• • • • • 30 .... 36 .. •• to 35

Ditto, New .. .. .. .. .. .. 2 •• • • 6 .... to S► 4
Newcastle and I3erwick • • .. •. 20 .... 32% .7.4. .. to
Nortolk .. .. .. .. .. .. ..100 . .. .... to

Ditto, Exten.lon .. • • 6 •• .. 64.... to
Northern Counties Union 1%;,i .. to

North gritlsh .. 25 .... to
Ditto, Half Shares .. 11...... 14%.... to

Ditto, Quarters .. 1M •• .. 3% •• • • to
Ditto, Thirds • • • • • • . • • • 1 •• • • 3% %•• to
North Staffordshire -• . • • • • • • 5 •• • • 73 Ts % to
North Western .. . 2% •• • • 2%.. •.to
Oxford, Worcester, & Wolverhampton 17% •• .. 11% •• • • to
Scottish Central .. • • • . .. • • 15 .• • • 22 .. • • to
Scottish Midland .. • • • . 17% •• • • 1814 •• • • to 19
Shrewsbury and Birmingham (A) • • 3 •• • • 3%5%.. to
Ditto, ditto (B) •. .... 1% •• .. to
Shropshire Union . 425... 76 .. to 1 dia.
South Eastern and Dover • • 331.25. 4d. •• .. to
Ditto, New (do. 331. 6s. Bd.) No. 2.. 12 ... 134 .. . to
Ditto, New (do. 15/.) No. 4, • • •• 3% •• • • 4 •• • • tO
South Wales .. • • • • • • .. 10 • • 7 to 634
South Yorkshire. Doncaster, & Goole 2 •• •• 1% to
k to
Taw Vale Extension 31 to
West Riding Union
York and Newcastle .. .. 25 .... 35 • • to
Ditto, New • • • • • • • • • 5 •• • • 11%-.... to
Ditto, Preference • • .• • • • • 2 • •
Sts )'3 • • to
:: 520 91111/2 N.•
er
North Midland
..
West RldingExtension 5 •••• 17 •• .. to 1G34
DYl°Dtrthfot Ditto, Preference dYtrae
....
FOREIGN RAILWAYS.
Boulogne and Amiens .. 18 14 .... to
Dutch Rhenish • • .. • • • • • • 7 •
.. , • 41,6 .. to 4
East Indian .. .•
Great Indian Peninsular • • . • s°. •• • • % .... to
• ss. .... %•• • to
Namur and Liege .. 8 to 1—
Nertheni of France • . .• 8 .. • • 11%.,4 t
Orlean2 and Bordeaux .. 6 . 7 /8
o
Paris and Lyons
Rouen and 11avre
. .. 20 .... 25% .... to 25
JOINT-STOCK BANKS.
.. 10 1534xd..
• 25 •• .. 46xd.... to

London Joint-Stock
Provincial of Ireland

MARKET NEWS.- (THIS DAY.)

CORN-EXCHANGE - (FRIDAY.)
The arivals of English Wheat since Monday, have been
on a modera!e scale ; but the number of samples fresh up
was small. The proposed remission of the duties on Foreign
Corn had considerable influence upon the Wheat trade,
which was in a very dull state. Although very little bb-
siness was transacted in any quality, holders refused to
accept lower prices. In Foreign Wheat, both free and in
bond, so little was doing that the rates were almost no-
minal. The contemplated use of Sugar in the breweries
and distilleries, caused the sale for Barley and Malt to
rule heavy, and, to effect sales, lower rates must have been
submitted to. Scarcely any Oats were on show, yet the de-
mand was in a sluggish state, at previous quotations.
Beans, Peas, and Flour dull, at unaltered currencies.