The Sun.
London, England, 1848-12-01 00:00:00

MONEY and COMMERCIAL NEWS.
CITY, QUARTER TO THREE.
Cotton at Liverpool yesterday was not in such active
or extensive demand as noticed early in the week, still
the market was steady, and prices were well supported.
The transactions, amounting to 4,000 bales, comprise
the following:-3,000 American, at 3d. to 6d. ; 300
Pernam, at 4ici. to 51d. ; 200 Egyptian, at sid. to 6id.;
and 200 Surats, 24d. to 3d.—Railway Shares were firmer.
The advices from abroad are again of rather a tran-
quil character, and as the chances increase for the elec-
tion of Cavaignac, although the issue is ' admitted to
be far from certain, confidence gradually becomes
strengthened.
Contributions in aid will prove useful to the cause of
Financial Reform, and a question that affects the pro-
sperity of every one cannot but stimulate suggestions
which will be found to contain something worthy of
note. Direct taxation, and especially the taxation of
real property, is more than ever advocated; and a party
writing under the title of " The End in View," ob-

serves—
" I think it will be admitted by all parties that Eng-
land is the greatest manufacturing nation in the world,
which greatness has been attained by a system of legis-
lation which encouraged our manufacturers by bounties
on exportation up to a late period, and by protection to
nearly the present time. When bounties on exportation
ceased, it was considered by the Legislature that such
was the skill and industry of the British public that we
could compete with other nations independent of the
bounty. It has been considered by the late Parliament
that we can now successfully compete with other na-
tions, independent of protection, and no doubt we
can if measures are adopted to enable our
mechanics and labourers, by a reduction in taxation, to
live for half the amount they do at present, which would
place us on a par with other nations in the cost of bodily
labour ; in which case we should, by the superior ad-
vantages we possess in our natural productions, our great
capital, and the skill and industry of our population, be
enabled to compete with the nations of the world, and
not only to retain, but also increase, the present foreign
demand for our manufactures, which is the real source
of our riches. By the removal of all taxes, except
upon property sad income, this state of things
may be attained. The great object of all
Governments ought to be to promote the welfare and
happiness of all classes, to give the people their just
rights, and support with dignity the interests of this
great empire."
The same party estimates our annual gain upon the
foreign trade at 50,000,0001., and shows how important
it is to sustain that trade by reducing expenditure, and
relieving thereby the springs of industry. With our
increasing population, we must be dependent on other
countries for a certain quantity of food, and this, under
due encouragement, can be paid for by the products of
our surplus labour.
The following are the terms of quarantine existing at
various ports, according to the latest advices:—
" At Vigo, 8 days—A lazzaretto for passengers pro-
vided by the Spanish Government.
At Oporto—No communication allowed on the out-
ward voyage.
"At Lisbon, 8 days—A lazzaretto for passengers and
goods provided by the Portuguese Government.
" At Cadiz, 8 days—No lazzaretto.
"At Gibraltar, 8 days—A lazzaretto for passengers
and goods provided by the Peninsular and Oriental
Steam Navigation Company.
" The steamers are therefore able to receive passen-
gers for Vigo, and passengers and goods for Lisbon and
Gibraltar; but not at present for Oporto or Cadiz.
" Passengers will have to pay the rates established by
the authorities at Vigo and Lisbon for their maintenance
while in quarantine.
" Goods will be transferred into the laazarettoes at
Lisbon and Gibraltar, at the company's expense, but
such goods will be entirely at the shipper's risk after de-
livery from the steamers."
The Funds have been buoyant to-day. Consols are
87* * for transfer, and 87i I for account. Exchequer.
bills have risen to 40s. and 465. premium, and East
India Bonds have been 365. to 393. premium. Bank
Stock has risen to 1881 and 190. The New Three-and-
a Quarter per Cents. have been 86j *. On the whole
the business done has not been large, but the market
is tending upwards.
The Foreign Securities are steadily supported :
Portuguese Four per Cents. have been 24k, and Spanish
Three per Cents. 24i to 25*. Mexican Bonds have
been 21* to Ill*. Dutch Two-and-a-Half per Cents.
are 48.
The Railway Share Market has been steady, but
some of the calls announced keep down prices.
ONE CLOSING
PRICES OF BRIT'S"! FUNDS. O'CLOCK. PRICES.
Breit Stock lBB4 190 190
3 per Cent. Reduced Arms B6l/s3 t 86%
3 per Cent. Consols Annuities.-- 87% %% 871,4
New 3M per Cent. Ann 5......
Long Anns. to expire J an. 1860 -16 8 9-16
Ditto, Oct. 10, 1859 ..... 8 7-16 8 7-16
Ditto 30 years, Jan. 5, 1860 B%
India Bonds, 1,0004
Ditto under 1,0001.
Consols for Account.. 871A% 87%
Exchequer Bills. 2U2d. & 2d.
1.000/. March ... 45 46 43 p 43 p
1,0001. June ...... ..... 40 p 40 p
Small, March .. 43 p 43 p
Small. June
PRICES OF FOREIGN FUNDS ONE CLOSING
O'CLOCK. PRICES.

Brazilian Bonds _
Ditto, Small — 731,E
Equador Bonds
Grenada Bolds, 1 per Cent. — 124
Mexican, 5 per Cent. 1846 21% 21%
Ditto. Account — 21%
Ditto, Small 21% 21%
Peruvian Bonds, 6 per Cents — ~..
Ditto. Account ..... ... ......
Portuguese 5 per Cents. — ---
Ditto, 4 per Cent 24% 24%
Ditto, Account — 24%
Spanish 5 per Cent. 1840.
Ditto, Account — 11%
.. %in 24%

Ditto, 3 per Cent 24% 24'.
Ditto, Account
Dividends on the above payable in London.
Dutch 214 per Cent., 12 Guild 4B 47%
Ditto, 4 Der Cent. Certificates 72% 73 73

PRICES OF PAID. BUSINESS DONE CLOSING
RAILWAY SHARES. AT ONE O'CLOCK. PRICES.
Aberdeen
Amber. Nott., Boston,
and Eastern Junction 4A......
Ayrshire and Galloway.. 7
Belfast & County Down, 19
Birmingham and Ox-
ford Jvnct., calls duly
paid, or w ith a guaran. 20 — -
Do, withoutguarantee 20 , ... -
Birming, Wolverh'ton,
and Dudley, calls duly
pd, or with guarantee 10 .. ...
Do. without guarantee 10
Birming.,Wolverh'pton,
and Stour Valley 131. 145... , ••• .....
Birkenhead, Lancashire,
and Cheshire June.... 10
Boston, Stamfd & Birm. 5 ... .. -
Bristol end Exeter 9O ... ..

Ditto, Thirds
Buckinghamshire... 141. 4r.
Caledonian ......50 ...... 19
Ditto, Ilslf Shares .. 8%...... ......
Do. New 101. Pref 5 ... .. 4% _ 4l;
Dit to,Clydesdale June 50 -
Chester and Holyhead... 50
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- --.•
month -
Dublin and Belfast June. 35 — -•
Dundalk & Enniskillen 20 ......
East Anglia, 251., L. &
E. and L. and D...... 25 ....„.
... . ..--

Do., 18L, E. & 18. ......

. .
Do., 31.105. -
Eastern Counties........ 20 ...... 1114 %, IIX
Do. New Guaranteed
6 per Cent. . ... ..... 10 ...... — ••., ....
Ditto, Extension,s per
Cent., No. 1 61.135. 4d.,

_.••• .
Ditto ditto, No. 2...61. 13s. 4d...
Do. North. & Eastern 50
Do., 5 per cent.
Dv. Quarters .....
Do. New 34
••....•••• ..... ....
Eastern Union, Class A
(late E. U. Shares) 25
Ditto, Class A, ditto,— 1
Ditto, Class B (J. &
and B.) 2O -
Ditto, Class C, ditto... 20 . .... 6
Do. Scrip (6 pei. cent.) 10
Dit to, ditto ...
Ditto (C. & E.) guar.
5 per cent...—.
East Lar cashira
Dil to, New
Ditto, New Quarters 614 —
Do., 6 per Cent. Pre-
ference Quarters ... 614 — ... ...... ..... ....
East Lincolnshire ...... 25 -
Edinburgh and Glasgow 50 .....
Ditto, Half Shares ... 20 .. ..
Edinb argil ar dNorthe:n 25 —
Ditto, Newport ll —
Exetel,Yeovil, & Dorch. 2% 1
Glasgow, Dumfries, and
Carlisle ....,..... —V. 6s. 8d.... ...
Glasgow,Kilmsu•.,& Ayr 40 ..... .
Do.Pre:.erence Censol.
...... I 000 0..... ,
Great Northern
Do., ~,, A Deferred ... 12%...... 4%.... .......
Do., ye B 6 per Cent.
!iS --rarteed _

guaranteek ... ..... 6% 23/4
Do. Extension 2l/i...... —..
( ;rept South. and West.
(Ireland)
Great North a England 100 ••,..•
Ditto, New, 40' 4O

••
•••••
Di•to, ditto 25
Ditto, New, 301 3O
Ditto, New, 15/
Great Western 9O
Ditto, % Sbares SO
Ditto, ii Snares
..
Ditto, Fifth% ......
.., Ditto, New 17/. ..... 13 ... .. ........ • ••••
.....,
Huddersfield and /lan zh. 30
Ditto, ..- Thirds
..-• Hull and Selby ........50 ..-..
..... Ditto, Half Sbare3 25

J... .
Ditto, 14 Shares ..... 12%..•••
.••
Lancaster and Carlisle... 50
Ditto, Thirds
---
Lancashire & Yorkshire 93 --

Ditto, ditto ......... 0
... 66 ..... 58
Ditto, 1/2 •Shares 43 --

_ _... ..••.• . .•
Do. Quarter Shares—. 171.2 •••
•••
Do. Fifths...
Do. Sixteenths 61,2L —
Do. Thirds (Reg.)..... 13 ....•
Do. New, Gus. 6 per ct. 5
Do. Liyerp. mad Bury 43 .,