The Sun.
London, England, 1847-05-06 00:00:00

MONEY and COMMERCIAL NEWS.

CITY, QUARTER TO THREE.

- -
The sales of Cotton in the Liverpool market yesterday
were 4,000 bales, including 3,000 bales of American on spe-
culation at 61/d.- to 71/2d. per lb. The market was very dull
and 1,4 d. to %d. per lb. lower than on Friday last. Shares
declined again.
The accounts from America note a rise in the exchange,
but corn was high and cotton firm.
There is rather an important statement made in the City
this morning, viz., that the Bank of England has acceded to
the representations of an influential deputation from Man-
chester, and acknowledging the importance of infusing life
into our textile manufactories, as a means of promoting the
execution of the orders received from America, has deter-
mined to afford reasonable and legitimate assistance to the
traders of that district. This, in contradistinction
to the policy observed generally towards Liverpool, where
the head quarters of the cotton speculation being fixed,
occasions such unceasing anxiety to the Bank, is a line of con-
duct which, supposing it to have been resolved upon as
stated, would give very general satisfaction here. It is
further said, that a large amount of the merchants' bills
held by the Bank having run out, and been punctually
liquidated, there is more disposition to grant discount accom-
modation on fresh paper.
We have received from Messrs. J. S. Tripp and Co. some
remarks upon railway matters, which seem to deserve atten-
tion. They observe that—
" To form a correct estimate of any particular railway, it
is essential that the half-yearly accounts should be made
out in the fsllest, simplest, and most distinct manner,
without any concealment or mystification.
" Each half-yearly statement should recapitulate sepa-
rately and distinctly the capital authorised to be raised by
shares, and by loan—the capital already raised by shares and
by loan—the sum expended, the sum on hand—the amount
and rate of interest received from and paid to bankers for
balances—profit and loss upon the sale and purchase of
shares and securities with the company's funds—particulars
of reserved shares on hand, and those disposed of; length of
miles open, date when opened, and cost per mile; revenue
account; expenses ditto; dividends, balance, and reserved
fund.

" Reasonable as it is to insist upon such statements, and
easy as it would be to furnish them, we have yet to learn
why they should in any instance be withheld. It is noto-
rious large balances are left in bankers' hands, and the in-
terest chargeable upon these balances is not sufficiently ex-
plained. Companies purchase and sell shares, the profit and loss
upon which transactions seldom appear in the accounts. For
example, the Great Western hold shares in the Oxford, Worces-
ter, and Wolverhampton, the Wilts, Somerset, and Wey-
mouth, South Devon, and South Wales Railways, all of
which are now at a large discount, and many of which the
Great Western Company sold in 1845 at a considerable pre-
mium. The Bristol and Exeter Company at one time hav-
ing raised more money than was sufficient for their imme-
diate wants, invested a portion of this temporary surplus in
the purchase of their own shares, which were then at a large
discount, and which they afterwards resold at a good profit."
The Fuuds have been decidedly better to-day, and the ad-
vance is 1/9 to 14 per cent., though with a good deal of fluc-
tuation. Consols have realised 87% to 887 f, for transfer, and
873/4 to 14 for time. Exchequer-bills have been 3s. to Bs.
for discount. New Three-and-a-Quarter per Cents. have
been 8814 to 873/4. Bank Stock is worth 188 to 1881/2.
The Foreign Bonds have been neglected again. Mexican
are 191/ to 20 ; Dutch Two-and-a-Half per Cents. have been
573/4.
Railway Shares still follow in some respect the movement
in the Stocks, but are not so susceptible of the rallying in-
fluence which has been exerted upon the latter.

BRITISH FUNDS THIS DAY AT ONE O'CLOCK.
- (From the Official List.)
. . .

Bank Stock .. .• •• • • •• 188%
Three per Cent. Reduced Annuities .. 86% 857 86%
Three per Cent. Consols Annuities • • • • 87% 867 87%
Three per Cent. Annuities, 1726 • • • • 85%
New Three-and-a-Quarter per Cent. Anna. 88% 87% 88
New Five per Cent. Annuities • .• • • 117
Long Annuities, Expire Jan. 5, 1860 .• 8 15-16 9 1-16
Consols for May 27 .. • • • • •• • • 87% % ;4%
Exchequer Bills. 151 d. 2d.
1,0001. • • .. .. .. • • 83 8 dis
500/. • • • • .. •• • • 83 8 dis
Ditto, Small • • • • 83 8 dis
PRICES OF FOREIGN FUNDS AT ONE O'CLOCK.
Danish Bonds, 3 per Cent .. .. 83
Mexican, 1846, 5 per Cent .. .. 19g
Ditto, for the Account • • • • 19y,', 20
Russian Bonds, 5 per Cent •• .. 109
Dividends on the above payable in London.
Dutch Two-and-a-Half per Cents. 57%
Ditto, 4 per Cent. Certificates .. 87% %
BUSINESS DONE IN RAILWAY SHARES AT ONE O'CLOCK

RAILWAYS. PAID. PER SHARE.
Amber., Notting., Boston, & Eastrn Jn. 2% .... 1% .. .. to
Birmingham mid Oxford Junction .• 10 .•• • 17 ... to 17
Birmingham, Wolvcr., and Dudley • . 5 .... 10 .... to
Caledonian • . .. • • • - • • 30 .. to

Ditto, Half Shares .. • • .. 2% .... 2 to 1X
Eastern Counties .. .. • • .. .. 20 .... 10.19% to 183

Do., Perpetual,s per Ct. No. 1, 61. 13s. 4d.. •.. %-p to
East Lancashire .. .. 17 .... .... to

Ditto, New .. 51,4 • • • . to
East Lincolnshire • • .. • • .. .... 7ys. • .. to

Ely and Huntingdon . .• .• .. 15— .... to
Exeter, Yeovil and Dorchester • • .. 2% •• • • 1%• • • • to
Great Northern .. • • • • • • • • •• • • 2% %•. to
Ditto, London and York Extension 2% •• • • 1% .... to
Great Western •• • • • • • • •• g 5 •• • • 111 •• .. to
Ditto, Quarter Shares .. .• 12% .... 16 •••• to
Ditto, Fifths .• •• •• • • •• 20 •• •• 26 •... to
Ditto. New • • • • .• 4% .... to
Hull and Selby • . • • .. ~ 50 .• .. 102 .. ••to
Lancaster and Carlisle .. .. 50 • • 59% to 60%
Leeds, Dewsbury, ar.d Manchester .. 32% to
Ditto, Branch Half Shares • • • • 7h .. —7% ••to
Leeds and Thirsk • • • • • • • • • • 221/ ••• • •• • • to
Do.. do., Preference, 6 per Cent • • 33l •• .. .... to
Liverpool, Manch, and Newc. Junct. 2% .... .... to
London, Brighton, and South Coast 50 51 50% to 511 A
Ditto, Consolidated Eighths • . .. 10 •• .. 103 to
London and North-Western • • .. 100 ... 171 .• .. to 172%
Ditto, 401. Shares .. M. and B. .. 40 .... 66 .. • • to
Ditto, 101. Shares • . M. and B. (C) 1 •• • • 63( •• • • to
London and South-Western 411. 64. 105 d. •• ••.. to
Ditto, Scrip .. • • • • • • • • .• • • 4% •• .. to—
Lynn and Dereham •• .. • • 20 . • • 20% .... to
Manchester and Leeds •• • •• 82 •• •• .• .. to
Ditto, Half Shares .• •• .. 38 •• • • 44% •• • • to
Ditto, Fifths • . • . .. • • .. 5 •• • • 8% .... to
Ditto, Thirds (Reg.) • • • • • • 71. 45... • • % p.. to
Manchester, Buxton, and Matlock -• 425. •• • • % dis... to
Manchester and Southampton .. • • 2 •• • • %•• • • to—
Midland

Ditto, :New .• .. 36 3834.... to
Ditto, New .. 6 .... 81A, 7% to 8
Newcastle and Berwick .. 20 .... 25%.... to 24%
Ditto, New • •• •• •• 5 •• •• 6 .. ••to
Norfolk •• •• —lOO . •• to 124

Northern Counties Union .. •• 4 •• • • 1%. •• • to
North British •• • • .• •• 25 .. • • 30% •• .. to
Ditto, Quarters .• .. • • • • 2% •• .. 3% •• .• to—
Northern and Eastern .. .• • • 50 •• • • 55 •• • • to
North Staffordshire • • • • • • • • 5 •• • • 6% .• .. to 7
Oxford, Worcester, & Wolverhampton 22%.... 13 .... to
Scottish Central .. • • •• •• •• 17% •• •• 23% %•• to—
Shrewsbury and Birmingham (A) 3% •• •• 354% .. to
Ditto, ditto (II) • • • • • • .. 3 .... 2% %..to
Shropsnire Union • •• .. 425. •... 1% dis. to
South Eastern and Dover .. ..33/.25.4d. 35% .• • . to 364
Ditto, New (do. 151.) No. 4 .. •• 5 .• • • 4% •• • • to
West Riding Union .. ..4/. 25.• •• . 14 p• •to
York and Newcastle .. .. 25 .• • • 34134 .. to
Ditto, New • • • • .• .• .. 10 .• • • 14 la •• .. to
Ditto, Preference • • .• •• 4 .• • 6% •• .. to
York and North Midland .. .. 50 .• .... to
Ditto. Extension .. .. 25 .. • • 40% .. • • to
Ditto. Preference • • • . • • • . 2 .... 10% •••• to
Ditto East and West Riding Extension 10 .... 20% %.. to
FOREIGN -RAILWAYS.
Central of France (Orleans & Vierzon) 12 147 .. to
Demerara .. • • • • • • • • • • 23c •• • • 2 •• .. to
Dutch Rhenish • • • • • • • • •• 7 •• . • 3% •••. to
Namur and Liege • • • • • • • 10 •• • • 4 • • to
Northern of France .• •• .. • • 8 .• • • 12 •••• to 11%
Paris anti Lyons
West Flanders • • • • • • • • • • 8 •• • • 374••• • to

MINES
Real del Monte, Unregistered • • • • •• •• 3,A •. •• to

LLOYD'S SHIPPIN G---(THIS DAY.)
LONDON, MAY 6.—Wind South, light pleasant breeze,
and fine, with passing clouds.
DEAL, MAY s.—Wind E. to E.S.E.—Arrd. Louisa, Wy-
charley, Callao. Sld. Simla], Calcutta; Regina, Dominica;
Hendrick, Hudson, New York.
OFF HASTINGS, MAY 4.—Ellen, Rio Janeiro for Antwerp.
FALMOUTH, MAY 5. Wind W.—Off-port, Renshaw,
Taylor, Mauritius; Fanuber, Nyborg, Bahia.
OFF THE START, MAY 1. Manchester, New York, for
Rotterdam.
OFF HOLYHEAD, MAY 4.—Ethiope, Garnett, Fernando
Po, out seventy days; Tusker, Lovell, Norfork ; Prince
Albert, Sebor, New York, sailed on the 10th ult., and passed
Cape Clear on the 30th.
LIVERPOOL, MAY s.—Wind S.E., moderate.—Sld. Ferris,
Ceylon; Antoinetta, New Orleans; Glasgow, St. John's,
New Brunswick; Pollok, Miramichi ; Benaris, Calcutta;
John Biddy, Calcutta; Parthenon, and New Jersey, New
Orleans; Edwin, Savannah; Rob Roy, Virginia, London,
and Rowland, Philadelphia ; Moselle, Boston ; Caroline,
Halifax; Perthshire, St. John's, New Brunswick; Lady
Milton, Rankin, and Watkins, Quebec ; Mary, Newfoundland.
CLYDE, MAY 4.—Arrd. Lord Montgomery, Barbadoes.
Sld. Cannata, Calcutta; Curlew, St. Kitt's ; Cynthia, New-
foundland; Orion, Troon and Bahia; Adam Carr, New
York; Northumberland, Quebec.
MAY s.—Put back, William, for Quebec, leaky.
SOUTHAMPTON, MAY s.—Arrd. Madrid steamer, Gib-
raltar, &c.
BELFAST, MAY I.—Wind variable.—Arrd. Glenroy, Perry,
New York; Lady Arabella, Simpson, New Orleans; Cleo-
patra, Norfolk.
SHIELDS, MAY 5.-. Wind E.N.E.—Sid. JanePirie, Calcutta.
GUERNSEY, MAT 3.—Sid. Louisa, Pernambuco; Swift,
Nevis.
DUNMORE, MAT 3.—Wind E.—Acrd. Hound, Waters.
Newfoundland.
HULL, MAY s.—Wind N.—Sld. Mountaineer!arD_
ttal
, re
Cape
.
OFF Bnicaizox, MAY s.—West
of Good Hope.
nioent

Y.)

MARKET NEWS.-(TIII 1)A
RAY MANSE'S'
'er load. Trade
SMITHFIELD. —MeadOT/ Hal,
to 41 17s ; and Straw, 11 12s to 11 s p
31 to .3116185 • Clover ditto. 4/
rather firm, at full prices.
1/ 12s to 11 16s per load. Sup-
3/ 15s to 41 153; and Straw,
h r dull
and trade rat e •
CUMBEKLAD.—bIeadow Hay', al to 41 ; Clover ditto,
ply,moderately good,
51; and Straw, IL 12s to 1/ 16s per loal.
ditto, 31 15s to
WHITICSAPEL.--Meadow Hay, 2/ 15s to 3/ 18s ; Clover
and a sluggish demand.
A.ND LEADENRALI..
A ful
waviiterwageaslll.l
There was an extensive business doing here, at full prices.
45 2d to 5s 2d ; and Pork, 4,3 to 53
Beef, from 2s 10d to 3s 10d ; Mutton, 3s 10d to ss; Lamb,
per
s•—Although the supply of fat stock
AT MARKETS.
81b4sso,duTnbty° t2b,cda;rmcVarseeaT.lE:
general advance in the quotations of from 2d
here to-day was tolerably good, the general demand was
4bdrispke'rlb
at as. Beef, from 3s 6d to 4s 6d ; Mutton, 5s to
to
6s ; Lamb, 5s 4d to 6s '2d ; Veal, 4s 4d to 5s ; and Pork, 4s
6d to 4s 10d per 81bs, to sink the offal.
ROXFORD, MAY s.—There was a very active trade here
to-day, on the following terms :—Beef, from
v3sea4d to 4s 4d ;
ss,
18s to 30s' Quarter-old Store
ev
Mutton, 45 10d to 6s ; Lamb, 5s 8d to 6s 2d ;
-
10d ; and
Pork, 4s to 4s 8d per Sibs. Sucklingi 4 s 4Cda tol 4
Pigs, 16s to 20s; and Milch
Cows, with their small Calf, 161 103 to 19/ each.
LawEs, MAY 4.—Beef, from 3s 1
Mutton,
10d to 6s; Lamb, 5s 6d to 6s; Veal Od to 4s 8d ; 4s
4s 4d to 4s 8d per 81bs. A short ,4s4dto 5s ; and Pork,
supply, and a brisk trade.

CORN AVERAGES.
GENERAL AVERAGE PRICES OF BRITISH CORN
For the Week ended May 6, 1847, made up from the Returns of the
Inspectors in the different Cities and Towns in England and Wales
per Imperial Quarter.
WHEAT. I BAELET.I OATS. I ETE. 1 BEANS. PEAS.
PRICE 79s 6d 49s 6d 30s Id 55s 6d 51s 10d 52s lld
The Duties on Foreign Grain are now suspended.

IMPORTANT ANNOUNCEMENT.—A notice, posted in
the underwriters' rooms of Liverpool yesterday, announces
that in future such deck passengers as arrive from Ireland
at that port are to be examined in quarantine, and such of
them 44 labour under disease removed to the lasarettos.