The Sun.
London, England, 1848-10-21 00:00:00

!ONEYa nd COMMERCIAL NE
CITY, QUARTER TO THREE.
The Cotton Market at Liverpool yesterday was ro.
elessk.....The Railway Share Market continued du!l.
There are some mater. al changes in tho items of the
Bank of England statement for the week endi ,g the
'24th inst., bat they are :all traceable, more or less, 0
tb dividend payments. These will account for an ex-
tended note circulation, a reduced stock of the p eeious
Metals, and a withdrawal of Government deposits. r
sontra, the abundance of money usually succeedinz, and
especially in the absence of profitable and safe employ-
bent, explains the addition to the banking balances of
Private customers, and the repayment of loans upon bills,
ae. The Government securities have been probably
augmented by deficiency bills to corer advances made
tetnporarily by the Bank of England for the publio ser-
lice- The following is a comparison with the preceding
MUM
Notes issued 26,739,165
Decrease
Rests 3,382,646
Decrease
Public Deposits 4,297,385
Decrease
Other Deposits 10,674,983
Increase
Seven Day and other Bills
Increase ... 36,536
Government Securities
Increase
Other Securities
Decrease
Notes
Decrease
Bullion
' Decrease
Aotive circulation
Increase 858,285
I:he Brighton Railway Company is the first, under
the new management, to set a good example in the mat-
ter of accounts. A very fair outline, with a promise of
further details if required, was presented yesterday to
the shareholders assembled in public meeting, and it was
stated that an experienced accountant, besides the usual
auditors of the company, had verified the figures. It is fur.
,ther reassuring to learn that the shareholders appeared
-to be satisfied, in so far as that they understand what will
be the future responsibilities. Of the management of the
line hitherto, and the extent of its engagements, we are
not now expressing an opinion ; we are merely writing
-" to the question of accounts. For our own part, we
anticipate nothing particularly unfavourable on this
bend from any of the other companies. Every one is
Well aware that they have most onerous and complicated
engagements, and such as railway property alone could
withstand, but after all those liabilities are incurred
with the object of ftietire development of traffic, and
tresent difficulties will be the chief hardship. The old
Al.,ull,es, upon their kna fide capital, would no doubt at
re moment pay 10 per cent., or more, in every
Instance, but they have given too many new shares as a
bonus to original holders, and these shares now become
1‘ burden, to some extent at least,
upon the income which
lalrly belongs to the intrinsic capital only. The mischief,
pevertheless, is already done. Pretest holders bought
Hi most instances at excessive premiums, and the obli-
gatiou incurred to them must be met. As to the state-
ment, or report, that the North-Western, Great
Western, and South-Western are to be united under one
management, it is not for us prematurely to suggest ob-
tections, though many people in the City see very strong
nes, looking to the public interest, apart from the ad-
vantage of shareholders.
The steamer from the West Indies is due to-morrow,
but as the packets usually arrive before their time, it was
rather expected we should have heard of her ere this.
The French Government has prohibited for the pre-
sent, the further exportation of grain, and there will,
consequently, be one source of supply less for this
country in case of need. The high price of potatoes
was inducing imports" of that esculent from France, and
which would no doubt have been carried to some extent.
Still we have no idea that this country will experience
the least difficulty in procuring supplies, and at mode-
rate rates too, so long as it has the means of paying for
them.

A large amount of silver (over 400,000 ounces) has
been exported again this week to the continent.
There being no continental news of interest, the Eng-
lish
Stock Market is quiet this morning, but not at all
buoyant. Consols have realised 84i for transfer and
November. The New Three-and-a Quarter per Cents.
have been 14i to e, and the Three per Cents. 83/ to Exchequer-bills have been 373. to 40s. premium, a
further advance. India Bonds are up to 40s. premium.
The Foreign Securities have been dull C • Mexican are
19•2- i; and Brazilian Small 72. Dutch Two-and-a-Half
per ents. 44*
Railway-Shares are looking very heavy again. Mid-
land have declined lower than ever, being 69 to 72, and
North-Western are barely over par. Sellers in the
York, North British, and other lines are also evidently
coming forward again, bearing eut our remarks as to the
rchrket being only temporarily firmer because of their
forbearance.

PRIC' ONE
les oF BRITISH FUNDS. O'cLOCK.
!8-or Cent. Reduced A -.ns 831,43,4
_per Cent. Consols Annuities. 843/4% ttew 3,4 Per Cent. Anne......- 84% IA; Ling Anne. to expire Jan.lB6o -16 79„ ltd Bondi, 1, .... ... .....
0004 .
Ditto under 1,0001. . ..... .40 p
C)nsols for Account..... B4N %
E•achequer Bills. 21/2d. & 2d.
1,000/
' toniv. March : 3B 37 40 p
June......
.
• SOO/. June ............
qmall, March 37 p
Small, June
PRIcEB OF FOIteIGN r UNDb •ThrE
Brazilian Benda
• Ditto, timall
111 ezican, 5 per Cent. 1846 ..... - l9
Ditto, Account l9 il2
Ditto, Small l9
Spanish 5 per Cent. 1840.
` Ditto, Passive
• Ditto 3 per Cent —

CLOSING
PRICE S.
833/4
E4l/2
844
8%

Dividends on the above p.a.y able in London.
Dutch 2% (xd per Cent., 12
rltict:s OF
AT ONE O'CLOCK.
PAID. BUSINESS DO4. CAOICSIENSO.
RAILWAY MARES.
Aberdeen 5O —
Amber. Nat., Boston,
and Eastern Junction 44 ••••••
_
_
Ayrshire and Galloway.. 5
_
Belfast & County Down 1714
ford ..i unct., calls duly
._ -. 000000000 .••
paid, or with a guaran. 20
~, 80, without guarantee 20 . •••
kilrnaingham, Wolver-
hampton, and Dudley 10
I,iDo. withoutguarantee 10 - •••
'mling,WOlverh'pton,
and Stour Valley 191. 145...
Birkenhead, Lancashire, .••
—. ........ •••••••
and Cheshire Juno.- 10
Boston, Starafd & Birm. 5
Bristol and Exeter ...... 85 ... _ 45%
_
Ditto, Thirds .... ..... 25
l'ucking hemshire„. 14/. 45.
Caledonian ... .. 50 —5 41/2%
dis 43/4-17dis
.......... -••••
Ditto. Half Shares - 83/4 ......
^
Dn. New 10/. Pref.... 5 ..... 3IA
Ditto,Clydesdale June 50 - 50 .....• Ditto, Preference ...... 15
Clarence .................. 784 —
Do. Ist Class, 6 per Ct. 10
Do.be. 2d Class, 5 per Ct. 10 — Government Loan,
4 Direct London & Cent.
Po. . ......rta-
10
mouth ................. 514
......
.. ..•••
Dublin and Belfast June. 35 ......
Pundalk Sc Enniskillen 20 ..... . •
Last Anglia, 254 L. &
E. and L. and D...... 25 ...... Do, 18/., E. & H.... 18 ......
•
it Do., 3/.los. ......... 3% ....•
'4l4tern Counties.... 2O ...... 12
Do. New Guaranteed
• _ 6
Ditto,Extension,s per
Cent., No. 1 61.135. 4d.... .... . .........
Ditto ditto, No. 2-61. 135. 4d...
Do. North. & Eastern 50
DDe.), 5 per cent. - ........
o. Quarters ..» 12% -...........
34 -..-...... .....
Do. New
'astern Union, Class A
(late E. U. Shares) 25
Ditto, Class A, ditto... 1
Ditto, Class B (I. &
Dand BO 20 — .....»........
itto, Class C, ditto... 20 . — ...............
Do. &ri
Dp (6 per cent.) 10 — ..... ••• .....
Dito, ditto
Ditto (C. & E.) guar.
,per'cent............ 2%..
r,.ancashire
r,ttn, New ..... ..... 21
r,ntn, New Quarters 64 — ..... •••• ......
'4%1 6 per Cent. Pre-
, ference Quarters ... 44 ••••••
,m,,,ast Lincolnshire
c-dillburg_h and Glasgow 50 ••-••
, _Ditto, Half shares „. 15 ~. •• •••
.1111biirgh and Northern 25 _
iE Bitto, Newport ........ 13 - •••
.Ixeter,Yeovil, & Dorch. 2%
ialgovr, Dumfries, and tearlisle ...... ... -8/. 6s. 8d.... •••••••••••••••
,aBovr,Bilmar &A 60
„ yr......
fl:uo.tireference Consol.
....
m'aat Northern ....... 17
EO.)AI • Defe;red ... 1214......
0., .54 B 6 per Cent.
, -uo,, guaranteed ........ 4% ........
. Extension .. ..
.... 2% ......
(3 (Ireland) South. and West.
(3 (Ireland) -..:2 ...... 42%......
I:Neat lqorth of En-tilsuld.loo ...... . .....
"rsi.tt"--,, New, 40/. ..... -. 40 —
tiunto, ditto ........... 25
ittto, New, 30/ ...... ..... 30 — .
to, New,ls/... ...... 14 .
Great to,
........ .... 90 .. "
DDitto, 1:4 Shares 50
it,to.t.li Shares ............
Ditto' 21
tij)?ttnr,lfN:,:v7ii_...:. ....
.... ?(3) . .....
ndderefield and man"cl. 30 ::: .:: ---
...• ...... "*"
Ditto, Thirds ......... 10 .....
4141 add Selbbit Half Shares y- ...... 50 •••••• 94
Ditto, Shares
•...
"
Lea, 4 Shares ..... 12% -.-
iiNter and Carlisle 50 40%
itto, Thirds ...
10
Lancashire & York.s.h..i; 93 ......
--
1)44),
,ditto ............ 86 ..... 52 ...... - ..... .
bitt
I. °,,, Xi Shares ...... 43 ... .. 26 .... • ••••••
bo°' 'it.narter Shares.. 17% ...... 73A ........
11 . Siftini.... .
3%. .............
be°: 1,1
.zt.eenth5................. 964
Do. Newu Mich' (Beg.) . . ... 13 ..... . ........
Do L•Gua.6 per ct. 5
. • rye
Ditt4otiiirP. and Bury 43
• ..............
(late Rua-
-4 41(1414Shed) 43 - .. ..

201,4

-
3%

401,4,

26
73/4
3

4%