The Sun.
London, England, 1847-12-09 00:00:00

lAA

,WP.M4.4.0
MONEY and COMMERCIAL NE

CITY, QL;A:ZTER TO THREE.
The sales of Cotton in the Liverpool market yester-
day were 2,500 bales. The market closed very heavily.
American sorts were 41d. to 4d. per lb. There were
8,300 bales of American sold at 4d. to bid. per lb.
Railway Shares were not so good, and prices were lower.
At the sale of Railway Shares yesterday, by Messrs.
Lamond and Co., prices were steady. We subjoin a
few of the quotations:—
North British, Extension £0 13 0
Leicester &Bedford, Exchange Certificate 0 13 0
Eastern Counties, York Extension.....„ 1 7 6
South Yorkshire, Doncaster, and Goole 1 1 0
Liverp. Manch. and Newcastle-upon-Tvne 0 7 6
North Staffordshire - 7 3 0
East Indian, Reg
Paris and Lyons 6 0 0
London and South-Western, Thirds
Great Western llO 0 0
Ambergate, Nottingham, and Boston 0 12 6
Boulogne and Amiens

There are
,not :any recent arrivals announced in the
City to-day.
The state of the markets for produce, both colonial
and foreign, appears to have shown a slight degree of
improvement within the last day or two. It is, how-
ever, true that the public sales have not gone off well;
but we understand that by private contract considerable
quantities of goods have been cleared off for home con-
sumption.

We have received from Mr. Richard Oastler some re-
marks upon the present state and future prospects of the
railway share market, which appear to be apposite and
interesting. This gentleman claims credit for having
forewarned his friends of the probable effect of so many
new schemes, but has at the same time the good sense
not to attribute our monetary embarrassments to that
cause. Adverting to the effect of so many schemes
being simultaneously sanctioned, he states,—
" Most disastrous results have now followed, but rail-
ways are still required, and they will hereafter be sub-
mitted to a new test. We have in Parliament many
railway directors who are now smarting under the
effects of the folly of the last Parliament; we have al-
ready indications that contraction will be the rule this
session. lam of opinion that the Legislature will offer
every theility for the abandonment of inchoate schemes,
and for the delay of such as are commenced, giving
time for the nation to meet the expenses of their forma-
tion. I think also that the Government will see the
absolute necessity of interfering by law in
the regulations necessary to enforce an uni-
form: and honest method of railway book-
keeping, and statements of railway accounts ; and
that they will prohibit the delusive system at present
practised by some railway directors, of paying, without
earning, what they call dividends,' which are, in truth,
increased expenses. No persons in Parliament can have
so strong an interest in promoting such measares as
those Honourable Members who are railway directors.
Judging, however, from their past conduct, and the
statements of account for which they have vouched, it
may be feared that they will cling yet longer to
a system, which, while it now deceives no
one, tends to diminish their proper influence.
Nothing is more clear than the fact, that delusion begets
distrust. I would advise my friends to watch the ope-
rations of Parliament, assuring them that every move-
ment in the directions I have indicated will tend to
restore confidence in railway property, and, conse-
quently, improve the marketable price of every good
line."

In the Funds to-day there has been some good business
done. Consols for Account opened at 86, and ad-
vanced to 86k, and for Money the price was 851*.
Exchequer-bills have been quoted at 4s. and at 7s. pre-
mium, and Bank Stock at 1881. The New Three-and. a-
Quarter per Cents. have fluctuated from 85i to 85i.
In the Foreign Bonds the variations have been slight.
Brazilian Bonds are at 78i ; Mexican at 17i ; Spanish
Five per Cents. 1711 ; and the Dutch Two-and-a-Half
per Cents, at 551 f.
The Railway Share Market is very quiet.
* A sale of 100,0001. Consols has just been made for
money.
BRITISH FUNDS THIS DAY AT ONE O'CLOCK.
(From the Official List.)
Bank Stock 188
3 per Cent. Reduced Annuities 8416 %
3 per Cent. Consols Arms— B6l/23/ %
New 314 per Cent. Aims.
Long Annuities, Exp. Jan. sth, 1860 B5B 9-16
South Sea Stock 92%
Consols for Account B6 86A
Exchequer Bills. 3d.
1,0001. ... 5 7 4 6 p
500/.

Small ... 12 8 11 p
PRICE OF FOREIGN FUNDS AT ONE O'CLOCK.
Brazilian Bonds, 5 per Cent
Grenada, 1 per Cent.- . ...
Ditto Deferred
Mexican Bonds, 1846, 5 per. Cent —
Ditto for the Account ....... 17%
Spanish Bonds, 5 per Cent,lB4o 17A,
Ditto lB4l 153
Ditto Passive Bonds 3%
Venezuela Bonds ... • 34%
Dividends on the above payable in London.
Dutch 21,4 per Cent.,l2 Guild 551/1%
Ditto 4 per Cent. Certificates

BUSINESS DONE IN RAILWAY SHARES AT ONE O'CLOCK
RAILWAYS. PAID. Tis Slum.
Aberdeen -

Amber., Notting., Boston, &c. 2% — ...... to
Ayrshire and Galloway
Belfast and County Down .. 10 .. ..
Birmingnam & Oxford June... 15
Birmingham, W 01.,& Dudley 10 ... . 14% to
1 Binning., \Vol., & Stour Val. 101.145....
Birkenhead, Lancashire, and
Cheshire Junction.., 7% — ...... to
Boston, Stunt:, & Birming... 5
Bristol and Exeter
Do., Thirds
Buckinghamshire... lOl. 4s —
Caledonian
Ditto, Half Shares
Ditto. Clydesdale Junction 50
Chester and Holyhead._ 37%.....
Ditto, Preference 8
Clarence. ....
Do., lst Class, 6 per Cent... 10
Do., 2d Class, 5 per Cent... 10
Do., Gov. Loan, 4 per Cent. 10
Dublin and Belfast Junction.. 20
Dundalk and Enniskillen ... 15 ......
East Anglia, 25/.& L. , E.
aid L. & D.
Ditto, 18/., E. & 11 lB
Ditto, 31. 10s., E. & H... 1
Eastern Counties ....
Ditto, ditto (B)
Do. Perpet., 5 per ct. No. 1,6/. 13s. 4d...
Do., do N 0.2,6/. 13s. 4d...
Do., York Extension lO
Do., Northern & Eastern... 50
Do., Quarter l2 %.., „
Do., New
Eastersn Union. 5O
Ditto, Quarter Shares l2l/2
Ditto., Thirds l3s. 4d
Ditto (guar. 6 per cent.) ... . —
East Lancashire
Ditto, New
Do., New Quarters
East Lincolnshire l2l/2 to
Edinburgh and Glasgow
Ditto, Halt Shares
Ditto, Quarter Shares l2l.
Edinburgh and Northern ... 221/2 —
Ditto, New .. 3% — to
Ditto, New port.. ... ........ 9'4 — •••••• to
Ditto, ditto, New 2/4 — ...... to
Exeter, Yeovil, & Dorchester 2% — to
Ditto, New ... 2% — to
Glasg., Dumfries, & Csrlisle..Bl. 65.8 d... to
Glasgow, Kilmarnock, & Ayr 50 ...... to
Ditto, New
. _ ..

Do. 4 Shares (5 per ct.gua.) 121/2 ... to
Great _Northern
Do. London & York Exten. '2l/2 — ..... to
Gt. South. & West. (Ireland) 35

Great North of England -100
Ditto, New 40/.

.. ..• to