The Sun.
London, England, 1848-09-01 00:00:00

THE SUN, LONDON,

MONEY and COMMERCIAL NEWS.
CITY, QUARTER TO THREE.
The. Cotton Market at Liverpool yesterday was
steady, but quiet. Sales, 4,000 to 5,000 bales. American
realised 30. to 51d. per lb. Railway Shares were in good
demand and firm.
The accounts from Paris of the reported indisposition
of Austria to accede to the terms proposed by England
and France, are considered now to come in a more
" questionable" form, and many parties are already
prognosticating very serious political difficulties as the
result. The assumption of a menacing attitude by
France would be likely, perhaps, as stated, to have the
effect of inducing dogged resistance by Austria, backed
by Germany; but there is at least reason to hope
that as the Danish affair, which with the Diet of Frank-
fort had much more of a national character than the
Italian question, has been amioably arranged, the same
may be the case with the latter. Under circumstances
the anxiety felt is not surprising, and we fear the money-
market will be sensibly affected by it, for Frenchmen
think too little of the consequences to be deterred by
considerations of the ruin entailed by war.
The state of the Irish Savings Banks, we may hope,
is not to be entirely judged of by the unfavourable " ex-
hibits" of the institutions which have recently sus-
pended, but there is obviously a want of supervision in
the sister isle, whatever there may be in England. Al-
though we have not an immediate opportunity of enter-
ing at length into the question, so tersely explained in
the letter of Colonel Thompson, which appeared a day or
two since in the columns of The Sun, we may usefully
subjoin an extract from the September number of the
Bankers' Magazine:—
" From 1820 to 1824, the deposits increased rapidly,
and during the Parliamentary session of the latter year
the reduction in the amount allowed to be deposited
was effected. According to the Act then passed the
deposits of any one depositor were not after the 20th of
November, 1824, to exceed 501. in the first year both in
Great Britain and in Ireland, nor 301. in any one year
afterwards, nor 2001. in the whole exclusive of interest.
PA\ " The Three per Cent. and Three-and-a-half per Cent.
Stocks, standing in the names of the National Debt
Commissioners, to meet the demands of the owners of
the above accumulations on 20th November, 1824,
amounted to 13,384,3801., being 12,700,018/. stock, ap-
plicable to the deposits in Great Britain, and 684,334/.
applicable to those in Ireland.
" After incurring liabilities amounting to nearly twelve
millions at the end of seven years, and sacrificing, in the
payment of interest to the trustees of savings' banks dur-
ing that period a sum exceeding 200,0001., averaging
more than 30,0001. annually, the Government was bound,
in 1824, to introduce some restrictive measure."
Notwithstanding this, we should be sorry to find the
saving system injured by ill-timed parsimony. The
grand object is to see that the proper object is effected,
viz., the encouragement of thrifty habits among the poor.
The Stock Market has been extremely inert to-day,
but takes a lower range by nearly per cent. This is
not the result of money sales, but of the intelligence
from Paris. Consols have been quoted 864, and since
84 Bank Stock has been firm at 198. Exchequer-bills
of March have been 28s. premium. The New Three-
and-a-Quarter per Cents. are 86i 4.
Foreign Stocks are looking well again. Spanish Five
per Cents. are 124 to 12i, and the Three per Cents., 23k
to Portuguese Four per Cents. are 224 to 224.
Mexican Bonds have been 164. Russian Stock ex.
dividend, is worth 98. Dutch Two-and-Half per Cents.
have been 44i to 454.
Railway Shares are affected by the heaviness of the
English Securities, but sellers are not pressing.
ONE CLOSING
P MIES OF BRITISH FUNDS. O'CLOCK. PRICES.
Bank Stock 198 198
3 per Cent. Reduced Anna.. 86%111 85% 86
3 per Cent. Consols Annuities 864 853/4 85%
New 34 per Cent. Ann 5....... . B7 8634% 8634
Long Anns. to expire J an. 1860
India Stock .....•.••237 237
India Bonds, 1,0001.........••..... 22 p 22 p
Ditto under 1,0001. . ....... 20 p p
Consols for Account...
Exchequer kills 2%d. & 2d.
1,0001. March 23 p
1,000/. June ......
Small, March .. 31 p
PRICES OF FOREIGN FUNDS. ONE
O'CLOCK.
Mexican, 5 per Cent. 1846 l6B
Peruvian Bonds, 6 per Cents 29%
Portuguese 5 per Cents.
Ditto, 4 per Cent 223/
Ditto, Ac count 22%4
Russian Bonds
Spanish 5 per Cent. 1840.
Ditto, 3 per Cent
Ditto, Account .....
Dividends on the above payable in London.
Belgian 4% per Cent.
Dutch 2% per Cent., 12 Guild 44%5A 454 4434
Ditto, 4 per Cent. Certificates 7075 7114 71%
PRICES OF T, BUSINESS DONE CLOSING
RAILWAY SHARES. AT ONE O'CLOCK. PRICES.
4berdeen 5O
Amber. Nott., Boston,
and Eastern Junction
Ayrshire and Galloway.. 21h —
Belfast & County Down. 16 ......
Birmingham and Ox-
ford Junction .... ... 20
Birmingham, Wolver-
hampton, and Dudley 10 .....
Birming.,Wolverh'pton,
and Stour Valley 13/. 145...
Birkenhead, Lancashire,
and Cheshire June 10 ..... . . ••••.••.•
Boston, Stamfd & Birm. 5
Bristol and Exeter B 5
Ditto, Thirds
Buckinghamshire... 14/. 4s.
Caledonian
Ditto, Half Shares .. 834
Do. New 10/. Pref 23/4
Ditto,Cly desdaleJunc 50
Chester and Holyhead... 471,E 213/4
Ditto, Preference l5 .. ....
Clarence
Do. Ist Class, 6 per Ct. 10
Do. 2d Class, 5 per Ct. 10
Do. Government Loan,
4 per Cent.
Direct London & Ports-
mouth
Dublin and Belfast June 3O
Dundalk & Enniskillen 20 ......
East Anglia, 2 51. , L. &
E. and L. and D 25 5
Do., 18/., E. & II lB
Do., 3/. 103.
Eastern Counties........ 20 ...... 13% 14 x d 13%x d.
Do. New Guaranteed
6 per Cent........... 5 ...... 5% % 5%
Ditto, Extension, 5 per
Cent., No. 1 6/. 135.
Ditto ditto, No. 2...61. 13s. 4d...
Do. North. & Eastern 50 ......
50 x d
Do., 5 per cent. ...... 50 .. 50 x d
Do. Quarters ..... 12% ...... - • -
Do. New
21 x d
Eastern Union, Class A
(late E. U. Shares) 25
Ditto, Class A, ditto... 1
Ditto, Class B (L &
and B.) ..
20 ......

27p

22
31 p
CLOSINU
PRICER.
1634
29%
22%
221 h
98 el
121 i
23%

23%

22%
2%

21%

Ditto, Class C, ditto... 17%. • ..• ---
Do. Scrip (6 percent.) 10
Ditto, ditto
Ditto (C. & E.) guar.
5 per cent~......... 2%
East Lancashire
Ditto, New
Ditto, New Quarters 61-4 ......
Do., 6 per Cent. Pre-
ference Quarters ... 24 —
East Lincolnshire ...... 23
Edinburgh and Glasgow 50
Ditto, Half Shares ... 15 .. ..
Ditto, Quarter Shares 12%
Edinburgh and Northern 25
Ditto, New.. 6% —
Ditto, Newport l3
Ditto, ditto, New 33/4.,....
Exeter,Yeovil, & Doren. 2% —
Ditto, New
G l a-4 go w , Dumfries and
Carlisle. .....Si. 6s. 8d....
Glasgow,Kilmar., & Ayr 50 ......
Ditto, New ... ...... —. 40
Do. Preference Consol. 15
Great Northern
Do., London and York 2%
•
Great South. and West
(Ireland)
Great North of England.loo .....
Ditto, New, 40/. ..... ... 40
Ditto, ditto . 15
Ditto, New, 301......... 30
Ditto, New, 151......... 14 .. .. ... —
Great Western 9O ... .. 82 81 x.d.
Ditto, iyi Shares 5O ...... 47 46 x.d.
Ditto, 1% Shares
Ditto, Fifths
Ditto, New 17/... ..... 13 ... —9% x.d lO x.d.
Huddersfield and Manch. 28
Ditto, Thirds
Hull and Selby .. ...... 50 ......
Ditto, Half Shares ... '25 ......
Ditto, 14 Shares
Lancaster and Carlisle... 50 ......
Ditto, Thirds
Lancashire & Yorkshire 93 .
Ditto, ditto
Ditto, 1,4 Shares ...... 43 ... ..
Do. Quarter Shares... 17% 127
Do. Fifths... ......... ... 9
Do. Sixteenths 614 —
Do. Thirds (Reg.)..... 13 ..... 43/4
Do. New, Gua. 6 per ct. 21 ......
Do. Liverp. and Bury 43 ...... •
Ditto 1,4 (late Hud-
dersfield and Sheff.) 38

6%

12';'s
6311
434

Do.(Wakefield,Ponte:
Tract, and Goole) ... 50
Do. (W. Riding Union) 6
Do. (Preston & Wyre) 25
Do. % Shares (A)... 914
Leeds and Bradford 5O
Leeds, Dewsbury, &c.... 50 .
Do., Half Shares 22 1
Do., (blue) Scrip —
Leeds and Thirsk ..... 50 ..........••..
Ditto, New ......
Do., Prefer., 6 per Ct. 314...... ••..
Liverpool, Crosby and
Southport . 31,2 .—
Liverp., Manchester, and
Newcastle Junction... 21% —
London & Blackwall...l3/. 6s. 8d —
Do. Extension ..... 221 A
London, Brighton, and
South Coast
Do. Guarant. 5 per ct.., 9
Do. Pref. Con. 5 per et. 50 ..
Ditto, ditt0...... 1852 50
Ditto, New Si., guar.
6 per cent. .. 3
London and Greenwich 12/15s 4d
Ditto, Preference... 18117 s 2d —
London and N. Western 100 115% 116
Do. Quarters (L. & B.) 22
Ditto, New
Ditto, Fifths ..... .. 2
Do. 40/.Shares(L.M.) 25
Do. 101. (51. & B.) A. 9

28x.d

-
VA

Do. 104 (M. & B.) B. 9 -
Do. 101. (M. & B.) C. 1 •. - _
Load. &S. Western 5O .40 39 x.d. .... .39% x.d.
Do. New 501. ... ..... 421,4•• .. .... .
Do. New 401. 34
Do. Tenths (ConsoL) 50 - ••• •••• ••••• a...
Ditto ditto
Ditto. Thirds ...... 111.135. 4d — ......... ..... 5: dis.
Do., New Scrip, 1848,
Pref. 7 per Cent. on
Deposit, and 5 per
Cent. on Calls ...1/. 13s. 4d —
London, Salisbury, and
Yeovil ..... .... ........ 1%...... —.
Londonderry&Coleraino 27% ....... ........ •
Londonderry and Ennis-
killen 25 ...... ... ..... ..... ...
Lowestoft (4 per et.)
Ditto (6 per et.)
Manchester,Buaton,and
Matlock 4 ......
Manchester, Sheffield,
and Lincolnshire 100
Do. Quarters (No. 1) 18
Ditto ditto (No. 2)... 25
Ditto ditto (No. 3) ... 7%•••••• —•••••-••. ..•
Ditto, New 101. Pref... 10
Ditto, Gt. Grimsby ... 35
Ditto ditto . ......... 11 - ••••••••• ..... •
Ditto ditto
Ditto Sheffield and
Lincolnshire 12%. ...

...,incL ••• _
Do., Grimsby Dock... 17% —
Do. Manchester and
Lincoln Union. .... 4/. 20. —
Midland .............. -.100 ..... - •••
Do. Consolidated Pref.loo
Do., do., 50/. Shares.- 20 ... .. 12 x.d
Do. Birm., and Derbyloo ...... ...• .. _ ...
Do. Consol. Bristol and
Birming., 6 per ct. —lOO ...... ... •• •• ...„,
Ditto, Brist. & Glocstr. 38
Ditto, ditto ...... ...... 14/. 185....
Di tto,Leieest. & Swan-
nington, 8 per ct. guar.loo
Midland Great Western
Irish 42%
Middlesbro' and Redcar,
6 per cent. guar.
Newcastle and Carlisle...100
Do. Quarters 25 ......
Newmarket ... . .. 20
Do. Extension .........21. 125....
Newport, Abergavenny,
and Hereford
Newry and Enniskillen 7
Newry, Warrenpoint,
and Rostrevor 2O — -
Norfolk ......... ........ ...100
Do. New 201.
Do. Extension 5 p ct. 20
Do. Guaranteed 5% pc. 5
Do. do. Waveney Val. 2 ......
Northern Counties Union 4 ......
North British ...•....... 25 .. ... 204
Ditto, Halves
Ditto, Quarters
Ditto, Extension
Ditto, Thirds .... ..
North & South-Western 2 —
North Staffordshire l2 %.... . 8%
North Wales . .. . 3%
North-Western . B%
Oxford, Worcester, and
Wolverhampton ...... 45
Reading, Guildford, and
Reigate 74
Royston and Hitchin ... 1%...... • .... —
Scottish Central
Scottish Midland
Ditto, New - .. ..... ....... -
Sheffield, Rotherham, &
Goole (Nor. Div.)
Do. do (Sou. Div.) ... 4 ...... .--
Shrewsbury and Birm... 9 ...... ......
Ditto ditto, Class B. 5
Shrewsbury and Herefd. 2 ......
Shrewsbury & Chester
(Nor. W. Min.) l6
Ditto Halves ... ditto 8
Ditto Oswes try
Ditto New
Do. 8 per Cent. Pref
Shropshire Union
South Devon
Do. Preference - •••• •••• ..••
South Staffordshire 5%
South Eastern

Do., No. 1 24 -
_

89 x.d.

12 m.d.

00000 rmmil

204

83

-
12%

Do., No. 2.
Do., No. 3 ....... ...... 25 ......
Do., No. 4 Thirds ... 10 ...... 7!4 7 7
South Wales ...... 28
South Yorkshire, Don-
caster, and Goole 4 ......
Swans. & Loughor &Ca-
meron's Stm. Coal. ... 6 -
Taw Vale Extension .- 6
Thames Haven Dock
and Railway ..... ...... 171(
Vale of Neath ... .. 4
Waterford and Kilkenny 18 ...... .. —
Waterford and Limerick 45
Waterfd,Wxfrd,Wicklw,
and Dublin
Wear Valley 6 per Cent.
Guaranteed ... ... ..... 42%
Do. do. do. ... 25
Do. do. d 0.... 9 ..
West Cornwall 6 ... .. --.
West London 2O —
Do. Do. Ist Class ... 20
Do. Do. 2d Class ... 20
W hitehaven & Furness 13
Windsor, Staines, and
South Western ..... ... 9% —
Wilts, Somerset, S; Wey-
mouth 35
York, Newcastle, and
Berwick. .... - ......... 25 .....
Do. Original New and
Berwick .. 25
Do. Extension No. 1. 15
Do. do. No. 2......... 15
"5
Do. G.N.E.Preference 8 ......
—60% ex.div x.xB
York and North Midland 50
Ditto, Preference ;;10
_,. 11%
Do. East and Westßid-
ing Extension
FOREIGN RAILWAYS.

2734

194 k

Anglo Italian (late Ita-
lian and Austrian). ... 44......
Centralgouiogneofanid,raAnmceienos.r...
leans and Vierzoa) ... 16 20
••
Ceylon
Demerara l2l/t — ... ......... ...
Dendre Valley. 4
Direct Bombay and
Madras
Dutch Rhenish ......... 7%..... • ....... ••••
East Indian 314 — ...... - .... .
Great Indian Peninsular 4 - -
Louvain ala Sambre ... 7%
Luxembourg
Madrid and Valentia... 2 ......
Namur and Liege
Northern of France...... 12
Orleans and Bordeaux 6 ...... ..... ...... -l !4 x.in.
Paris and Lyons ll ..... .. ..•
Do, Do. . lO
Paris and Orleans ......:20 .....
Paris and Rouen ......... 20 ......
Paris and Strasbourg ... 8
Rouen and Havre ...... 20
Sambre and Meuse ...... 20 ....
Strasbourg and Basle ... 14
Tours and Nantes .. 9 ..... .
Tournay, Jurbise, Lan-
den, and Hasselt ...... 20 ......
West Flanders 834 ..... _

1%