The Sun.
London, England, 1847-05-07 00:00:00

MONEY and COMMERCIAL NEWS.

(From The Sun of Last Night.)
The sales of Cotton in the Liverpool market yesterday I
were 4,000 bales, including 3,000 bales of American on spe-
culation at 6_l4d. to 71/2d. per lb. The market was very dull
and V4d. to ,gd. 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 bead 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 fullest, simplest, and most distinct manner,
without any concealment or mystification.
" Each ball-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 rata 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 hard, 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 bold 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 Funds have been decidedly better to-day, and the ad-
vance is % to 14 per cent., though with a good deal of fluc-
tuation. Consuls have realised 87% to 86% for transfer, and
8734 to 1/4 for time. Exchequer-bills have been Ss. to Bs.
for discount. New Three-and-a-Quarter per Cents. have
been 884 to 873/4. Bank Stock is worth 188 to 188%.
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.
13R1T1S11 FUNDS. ONE CLOSING
O'CLOCK. PRIcES.
Bank Stock 188% 189
Three per Cent. Reduced Annuities 86% 85% 86% 864
Three per Cent. Console Annuities .. 87% 86% 87 % 87%
Three per Cent. Annuities, 1726 .. 85% 85%
New Three-and-a-Quarter per Cent. Anne. 88% 87 88 88
New Five per Cent. Annuities ......117 117
Long Annuities, Expire Jan. 5, 1860 .. 8 15-16 9 1-16 9 1-16
Ditto, 30 years, Oct. 10, 1859 .. 834
Ditto, 30 years, Jan. 5, 1860 •• 9 1-16
India Stock .. 242
Consols for May 27 .. • • .. 87% %% 87%
Exchequer Bills. t qd. 2d.
1,0001. 8 3 8 dis
5001. - . 8 3 8 dis
Ditto, Small —• 8 3 8 dis
ONE
O'CLOCK.

9 dis
CLOSIN'
PRICES.
83
20
204
34%
35
109

FOREIGN FUNDS.
Danish, 3 per Cent • • • • • . • •
Mexican Bonds, 1846, 5 per Cent .. 19X
Ditto, for the Account 19% 20
Portuguese Four per Cent •• • •
Ditto, for the Account .. .•
Russian Bonds .. .. 109
Spanish Bonds, 5 per Cent .. ..
Ditto, Three per Cent .. .. • •
Ditto, for the Account ..
Dividends on the above payable in London.
Dutch Two-and-a-Halt per Cent .. 5754 57N
Ditto. 4 per Cent. Certificates . • 5734 sti 8754
.BUSINESS CLOSING
PRICES OF PAID. DONE AT PRICES.
RAILWAY SHARES. ONE O'CLOCK.

Amber., Notting., Boston, and
Eastern Junction . 2% • . •. •. •• •
Birmingham and Oxford Junction 10 .... 173( 17 .• •• • •
Birming., Wolver., land Dudley • • .... 10 .• •• •• •• •• ••
Caledonian
Ditto, Half Shares • • •• 256 •• • . 21% • ..... ••
Eastern Counties . .. 20 .. .. 19 19 % 18% ..
Do. Perpet., 5 per Cent. No. 1.61. 13s. 4d. %%p ••
Ditto, York Extension .• 6% —•••••• •• ••
East Lancashire .. • • 17 • • ••%• ••-
•,•• " " • •
Ditto New .. •• •. .. 7 •• • 534 •••• • •
East Lincolnshire •• 6% •••• • • 7% •••••• •• •• •
Ely and Huntingdon .• • • • •
Exeter, Yeovil, and Dorchester .. 2% • . 2
1% • • •• •
•• •••
••• •
•
3it ••
Great Northern • • • • .• •• • • % 34•
Do., London & York Extension 2% .. • . 1% • • •• •• • •
Great North of England • ..100 .• .• •••••, •• ••
36
Ditto. New .. • • .. . • •
Great Western ........85 —lll ..... • • 111
Ditto, Quarter Shares • • .. 12% .... 16 .• •• .• 16%
Fifths • • • • • • •• 20 .... 2b .. 26
Ditto, ,
New .• •• 4% •• ••7%••• • • • •• 7%
Dltoul and Selby .. •• •• •.. .. 50 ....102 .• •• •••• 102
Lancaster and Carlisle .. 50 593! 6036 .... 60%
Leeds, Dewsbury. & Manchester 32% •• • • • •
Ditto, Branch Half Shares •• 754 •• • • 7% •• •
Leeds and Thirsk •• .. 26 .. • • • • • • 7
Ditto, Preference 6 per Cent. 356 .. • . 374, •• •••• • • ••
Liverp.. Manch., & Newc. Junct. •• •. •.
London and Biackwall .. 161. 13s. 4d. .. ••••• • ••
Ditto, New. No. 2 .• .• 11. I3s. 4d. p.. •..• • . •
London, Brighton, and S Coast 50 ~ 51 50% 51% • •
Ditto, Consol. Eighths .. 10 .... 10% ••..•• .• • •
London an North-Western ..100 ....171 172% .• • •
Ditto, 401. Shares M. &B. .. 40 .... 66 •••• • •
Ditto, 101. Shares M. &B. (C) 1 .• 64 .. ••..• • • •
London and South-Western • . 411. 6s. 10d. • • . ...... .
Ditto, Scrip.. .. • • .. .. 5 .... .• • ......•
Lynn and Dereham .. 20 .... 20% ••••• • .• • .
Manchester and Leeds.. .. 82 .• ••••• • • .•
Ditto, Half Shares .. ..
38 .. 44% 44%
Ditto, Fifths .. 5 ..
Ditto, Thirds ((leg.).. .. —7l. 48..... %p.••• • • • • 'A P
Manchester, Buxton, & Matlock 425. .• % dis. •.. dis.
Manchester and Southampton .. 2 .. • %••••• • • • • •
Midland .. ..100 —.116 •• •• .
Ditto, New ........36 .• 38N ..•• • •••• 38%
Ditto, New .. 6 8% 7% •
8..
283 j
Newcastle wcastle and Berwick .. .. 20 25% 24N .••. 24%
Ditto, New .. . .5 • . 6% ••
Norfolk .. •• .• .• ..100 ....122 124.• .
Northern Counties Union .. .. 4 .... 1% 1
North British •• .. 25 •
.• 30% •••••• •••• 30%
Ditto, Half Shares .. •• 12% ••••
Ditto, Quarter Shares ••
_234.... _34 • •
55

Northern and Eastern .. .. 50 .... 55 ......
North Staffordshire .. 5 .• 7...• •• • •
Ditto Scrip (late Churnet and
Blythe) . . •• .. 2 .• .• ..
North Western • • • • .. .. 4 .•_.• • • • •
Oxford,Worcest.,Bs Wolverhmptn. 22% .... 13 .. • • ...... 13
Preston and Wyre 25 .......
Ditto. Half Shares (B) • • .. 1 ...• 1%
Scottish Central •• •• . 17% .... 23U %•••• .• • • i%
Shrewsbury and Birmingham •. 3% .. 3y •••• • • • • 3%
Ditto, Class B .. 3 .... 214 .. ••.• • • 2%
Shropshire Union .. 425. dis... •-1% dis.
South Eastern and Dovor •33% 35% 36 • • 36%
Ditto. New (iss. at 321.) No. 1. 20 ... • • 20%
Do., New (do. 151.) .. No. 4. 5 .... 4% .• .. ••.• • •
West Riding Union .. . • .. 4/. 25.. •.. p .... •• .. p
York and Newcastle .. .. 25 .. 34% % ....... 34%
Ditto, New.. .. • • .. .. 10 .... 14%.. • • ...... 14%
Ditto, Preference .. .. 4 .... 6% .. ••..• • • • 6%
York and North Midland .. .. 50 .... —..........—
Ditto. Extension 25 .... 403{ • • .......•
Ditto. Preference • • • . .. 2 .... 10%
Do. E. and W. Riding Exten• •10 .• 20% % • •
FOREIGN RAILWAYS.
Boulogne and Amiens .. • . .. 2 0 „
Central of France (Orleans and
Vierzon) • • • • .. .. 12 .... 11% . .....
Demerara . 23{ .... .....• • • • •
Dutch Rhenish • • .. .. 7 .... 3% ••..•. • • • •
Namur and Liege .. .• .. 10 •• .. 4% .. •••• • • • •
Northern of France .. 8 .... 12 11%
Paris and Lyons • • .. 8 .... 4% .• ••• . • •
Tours and Nantes .. .. • • .. 5 .• •
West Flanders • • • . • • • 8 •• .• 3ji ••••• • • • ••
&LINES.

Real del Monte, Unreelstered . • • •