The Sun.
London, England, 1847-02-16 00:00:00

MONEY and COMMERCIAL NEWS.
(From- The Sun of Last Night)
The Cotton market at Liverpool on Saturday was quiet.
There was no change in prices. Sales 3,000 bales, including
1,000 on speculation. Shares were very inactive.
There have been no arrivals with late news, if we except
the usual Continental mails.

, The price of corn is still on the advance here, and it will be
seen by the market report in another column, that there is a
decided rise in wheat, Bcc., as compared with last week. The
recent severe weather has no doubt contributed to this.
The necessity_ of an alteration in the laws relating to
Bankruptcy ana Insolvency has been generally admitted.
and there is some force in the following suggestions, which
are a port ion only of those submitted by a merchant here to
the consideration of high legal aathorities, and of the Com-
missioners of the Bankruptcy Court. The writer proposes—
" That if an insolvent could, with the consent of two-thirds
or three-fourths of his creditors (both as regards the number
of persons, and the amount of their claims, and proved to be
boncijide creditors), effect a compromise, this majority should
bind the whole to accept the same. This would prevent a
vindictive creditor bringing the estate to a bankruptcy, and
thereby causing an unnecessary expenditure and sacrifice of
the property ; such an arrangement is now applicable to
insolvents not being traders. (Vide 7 and 8 Vic. cap. 70,
for facilitating arrangements between Debtors and Creditors.)
—That a bankrupt be allowed from V. 10s. to 151. per
cent., on the dividend his estate pays ; thus :—lf the
dividend of his estate be from 3s. to ss. in the pound,
the bankrupt to receive 2% per cent.; if from ss. to 7s. 6c1.,
3% per cent. • if from 7s. 6d. to 103., 5 per cent. ; if
from 10s. ty 12s. 6d., 7% per cent.; if from 12s. 6d. to 155.,
10 per cent. • if from 15s, to 17s. 6d., 12% per
cent. ; and if cent.;
17s. 6d. to 20s. 15 per cent., provided
he has not practised fraud, either by obtaining goods within a
given time of his stopping payment, (unless he can show that
at the time of taking such credit, he had no cause for antici-
pating a failure within the given time,) or otherwise render-
ing himself amenable to the several clauses of the proposed
Act, which provide against fraud. The above return to be
granted, and delivered to the bankrupt, immediately after
the amount of dividend has been ascertained; until which
time, the bankrupt to receive a moderate allowance from the
estate, if no fraud has been proved against him.
It is further suggested that the court should have an ap-
pointed accountant for bankrupts, to be paid, like the official
assignee, by a per centage on the assets, and that any cre-
ditor seeking an undue preference should forfeit all claim.
The value of the public securities has been enhanced to-
day, and matters wear a more cheerful appearance in the
Stock Exchange. The price of Consols for transfer
has been 903/4 to 91, and for the Account-day, the 25th, at
90% to 91. It would appear that the Bear party are making
arrangements for the settlement, and that this has an in-
fluence, because it indicates that they are not certain of
prices ruling lower than at present. The improved tone of
the Paris Bourse has also had a favourable effect. Exchequer-
bills have been quoted 65. to 9s. premium. The New Three-
and-a-Quarter per Cents. have realised 93% to 92%, and the
Three per Cents. 91 to 9114. East India Bonds are Bs. to
13s. premium, and Long Annuities are 9%.
The foreign bonds have been rather firmer also, but there
has not been much doing. Spanish Active Stock has re-
alised 24% %, and the Three per Cents. 35 354. Portu-
guese Four per Cents. have been dull at 35. Mexican
Bonds have realised 21% to 22%. Dutch Two-and-a-Half
per Cents. have been at 5814.
Railway Shores have been rather firmer. Aberdeen, 2214
to 23; Caledonian 26% 3/4 ; Birmingham and Oxford, 13%
to 14; Eastern &unties, 21% %; Great Western, 123 to
124 ; Blackwell, 8% to IA ; North Western, 184 to 1%;
South-Western, 64; Midland, 120%; Newcastle and Ber-
wick, 3214 ; North British, 34% to 35; North Stafford, 8%;
Shrewsbury and Birmingham, 3% to 4%; South-Eastern,
No. 2, 1314 ; York and Newcastle, 35% to 364 ; and
Northern of France, 12%.
BRITISH FUNDS.

ONE
O'CLOCK.
Three per Cent. Reduced Annuities .. 91% 91 91%
Three per Cent. Consols Annuities 90% 14 91
New Three-and-a-Quarter per Cent. Anna. 924 i h
Long Annuities, Expire Jan. 5, 1860 .. 9%
India Bonds, 1,000/. .. 813 p
Consols for Account 90% 91
Exchequer Bills. 1 d.• 114 d.
1,0001... •
6 9 PM. 6
5001. . ▪
6 9 Pm. 9
Ditto, Small 6 9 Pm. 9

CLOSING
PRICES.
9114
904
93
9%
13 p
90%

ONE
o'cLocx.

FOREIGN FUNDS.
Brazilian Bonds, 5 per Cent •• • •
Mexican Bonds, 1846, 5 per Cent .. 21% 22
Ditto, for the Account 221/4
Portuguese Four per Cent .. 35
Ditto, Small .. .. • • • • • 361/4
Spanish Bonds, 5 per Cent .. 241 i
Ditto, for the Account 24%
Ditto, Passive Bonds .. . - • • 514
Ditto, Three per Cent .. .• • • 35 'A
Ditto, for the Account .. . • • • 35 1/4 35
Dividends on the above payable in London.
Dutch Two-and-a-Half per Cent • • 58
Ditto. 4 Der Cent. Certificates

PRICES OF BUSINESS CLOSING
RAILWAY SHARES. PAID. DONE AT PRICES.
ONE O'CLOCK.
Aberdeen.. .. 25 .... 22% 23 ••• .. 23
Amber., Notting, Boston, and
Eastern Junction _ 2% 2% •.•• • • • ...
Birmingham and Gloucester.. ..100 .. .. 123 ex div. • ... 123 x.d.
Birmingham and Oxford Junction 5 .... 14 13% •• • • • 13%
Wolver., and Dudley.. 5 .... 10% .. • • ...... 10%
Wolver., & Stour Valley 5 .... 7 .. ••• • .. .
Boston, Stamford, & Birmingham 225. .... •
Buckinghamshire• 845... tq 1,4 p ex Int... % p x.inL
Caledonian .. 30 .... 26% % •• .. 26%
Ditto. Half Shares .. 2% .. • • ......
Direct Northern Scrip .. . .
Dublin and Belfast Junction 12% .... • 4%
Eastern Counties .. 20.. —21% lA% ex dlr 21% x.d.
Do. Perpet., 5 per Cent. No. 1.61. 13s. 4d.
Ditto, ditto, .. .. No. 2. 61. 135. 4d. ••••• • • • • • %
Ditto, York Extension •4 .... 4% • • .....• 4%
East Lancashire .. 14 .. • •
Ditto New .. _ 5 _ _6%
East Lincolnshire .. .. 4 ....
Edinburgh and' Glasgow .. .. 50 .... 76 75
Edinburgh and Northern .. 15 • ... ..
Ditto, New _ 2% .... 3%
Ely and Huntingdon .. 12% .... 13% .. • •13%
Great Northern (London & York
Re.) .. .... % 2
Dorado (Direct Northern Regd.) 3% .... 23% . %
Great Xorth of Enfland . ..100 .......... 232 xd.
Ditto, New .. 5 .... .......... 59%
1% .... 17% ex div....17)4x.d.
Great Western • •41 ..• 85 ....124 123... ..... 123
Ditto. Half Shares .. .. 50 .... .......... 72
Ditto, Quarter Shares . 121)4 .. 19% .......... 19
Ditto. Fifths .. .. 20 .... 28% % ........ 28
Ditto, New .... 8% % ........ 8%
Huddersfield and Manchester .. 16 .... .........
Ditto, ditto, Extension .. .. 5 .... ..
Ipswich and Bury SLEdmunds .. 14 •• • •• • •
Ditto ditto, and Norwich .. 5 • • ..... •• • •
Lancaster and Carlisle .. 50 • •
::1010%::::1154%
Leeds, Dewsbury, & Manchester 27% 35
Ditto, Branch Half Shares •• 5 • 10%
Leeds and Thirsk • • .. • • • • 22% .... 19%
London and Blackwall .. 16/. 13s. 4d. 8% % .
Ditto. New, No. 1 ......4 .... . ..... „
x div.
Ditto, New. No. 2 • • •• -7. • • 1 0%
• ......
Ditto, Quarters • .. .. 2 19
....
LondonDitW ,
andN Extensionor th. e
t.
e.
rn
•
Ditto ditto, Now Shares • • .. 2 14 •
13% ..
Ditto, Fifths ........2 171,4 x d..
•• •
Ditto, 401. Shares M. &B. • • 40
71% x d •
London and South• Western— 41/. 6s. 10d.. •64 ... ••
Ditto, New • • • • • • • • 221,4 25144 .... •
.
Ditto, Tenths .. • • .. 5
Ditto, Tenths .. • • • • • • 4
Ditto, Scrip • • . • • • • • • • 5 •• .. SSv% ...... •• •
London, Salisbury, and Yeovil .. „ ......... ..
Lynn and Ely • • • • • • ••20 _
......
Manchester and Leeds .. • . • • 82
......
Ditto Extension • • • • • • 425• •• •• 1
Manchester and Southampton .. 2 134
....
Midland .• • • • • • • • •100 • 120% x dir.....
Ditto, New .. • • • • ••30• • • • 34% I dlr._ _
Ditto, New • • •• • • ••2•• • • 5% Idly—.
Ditto, Birmingham
and Derby 100 • •
Newcastle and Berwick • • •• 20 •32
Norfolk .. • • • • • • • • • •100 129%
North British .. - • • • • • • • 25 •• • • 34% 35.
Ditto, Half Shares • • • • • • 1N•••• 16% 17
Ditto, Quarter Shares • • .. 214 4%
Ditto, Extension • • • • • • %•• • • 1 %
Ditto, Thirds • • • • • • • • 1 33434
Northern and Eastern • . .. 50
Ditto, New • _14..• . 23 x div
North Staffordshire • • • • • • 5 • • _ .......
North Western • • • .........
. • • 25
Preston and Wyre • • • •• • . 34% „
Ditto, Half Shares (A) • • • • 6% •• • • 11
Scottish Midland • • • • • • • • 17% •• • • 22
Shrewsbury and Birmingham .. 3 3, 41,4
South Eastern and Dovor • . 33% ..
..........
Do.. New (do. s3l. 6s• Bd.) l2 • • 13% _
(do. 151.) .•
dew No. 4. % 4
......
.. 10
South Wales . • • • • • ' • •• • is •• • • ......
South Yorkshire, Doncaster, and
Goole .. • • •
West Riding Union
..
25
York and Newcastle • • ••5 :• .. 35% 36Ni
Ditto, New.. • • • • • • •,
4 •• s••• •• • .....
Ditto, Preference • • • • 1. '• e is 4• •
York and North Midland • • 50 • 88 xd
.. 2 .... 22%
Ditto. Preference • • • •
10 • • •" - •• • •
Do. E. and W. Riding Ek.tenri.
RAIL
FORLIG- WAYS.
_ 18 .... 14%
Boulogne and Amiens • • • • .• 2 • • 14
Bord., Toul., & Cette (Mackenzie) •••• ••
Ditto, ditto (Espelete) • • 2•• • • X•• •
Dutch Rhenish • • • • ' • ' "•" • • • 4%
Italian and Austrian • • • •
Luxembourg 8 .... 12%
Northern of France • • • • "
Paris and Strasbourg • • • • •
Rouen and Havre,- •• • • 20 ....... 26)ixd
JOINT-STOCK BANKS.
Provincial of Ireland • • • • • •
MINES.
Real del Monte, Unregistered —• • 3% • ••. • • •

184%

122 y;
34%
5%
95

129%

2%
1% P
36%
11%
8%
87xd
11%
2131

LERRATusr.—In our report of the conclusion of the
proceedings in the House of Lords on
error inadvertently crept in. It was the Sugar Brewery Bill,
lay evening, an
and not the Sugar Distilleries Bill, which was introduced
into the House of Lords in the evening. The Sugar Dis-
tilleries Bill was not read a third time in the Commons until
late in the night.
HEALTH OF THE QUEEN OF PRUSSIA.—We are
happy to see by the last bulletin of the health 9f her Ma-
jesty the Queen of Prussia, published at Berlin'en the Bth
of this month, that she continues to improve. The cough
has become less irritating, and the fever is moderated.
STOCKINGS FOR THE ROYAL INFANTS.—The
Clare Journal says—" We feel great pleasure in recording
an instance of her Majesty's wish to encourage by her pa-
tronage the native manufactures of Ireland. Two girls, sis-
ters, of the name of Davies, living in Corofin, in this county,
having long enjoyed a well deserved reputation for the taste
and skill evinced by them in the knitting of stockings, were
advised to present a pair of them to her Majesty, who was
so pleased with the beauty of design and execution dis-
played in them, as to order four and twenty pair for the
royal infants."
A GOOD EXAMPLE.—The Constitutionnel publishes
the following letter, dated Berlin, 31st ult. :—" A few days
since M. Braconier, a stock-broker, was condemned to hard
labour for nine years for having gambled with the property
of his clients and having ruined himself. M. Braconier is
a member of one of the most wealthy families in the capital,
and every effort was made by offering to pay his debts to
save him from disgrace, but it was too late. It is hoped that
his fate will have the effect of preventing other speculators
from risking property confided to their care.
MISS PARDOE'S LOUIS XIV. AND THE COURT OF
FEANCE.—The new work under the above title is published
this day by Mr. Bentley, New Burlington-street (Publisher
in Ordinary to her Majesty), and can now be obtained of all
booksellers throughout the United Kingdom, in three vols.
Bvo., with numerous engravings on steel and wood by W.
Gaol Chaplain,
and G. Measom, V. 2s. bound. Mr. Bentley has also just
published :—II. Cleveland ; a Tale of th..l Roman Catholic
Church, post Bvo., 10s. The Homes and flaunts of
the British Poets, by William Hewitt, 2 vols. Bvo., with
numerous engravings, 30s. bound.—lV. Experiences of a
3 vols. post Bvo., lls. 6(.1. —V. A Canoe
Voyage
up the Minnay.'Sotor, by G. W. Featherstonhaugh ,
Lsq., F.I S. &c., 2 vols. Bvo., with maps and plates, 28s.
ofe o thetrred author,th
the
os.
honour. ad
Her
Majesty n
bound.—VI. The new and concluding series of the Ingoldsby
Legends, with a Memoir of the Au hor, edited by his son,
I
vol., with illustrations by Leech and George Cruikshank,
andtwo portraits
of knighthood
at the levee upon Sir Henry Edward Fox Young, Lieutenant-
Governor of of the Eastern District of the Cipe of Good Hope.
Henry-1 Young embarks for his destnatiou per the Pot-
finger steam-ship this morning.