The Sun.
London, England, 1848-09-28 00:00:00

MONEY and COMMERCIAL NEWS.
CITY, QUARTER TO THREE.
The Cotton Market at Liverpool yesterday was steady.
Sales 5,000 bales, of which 4,500 were American at 3id.
to 6d.—ln Railway Shares there was very little done,
and prices were almost invariably on the decline.
The accounts received from the continent this morn-
ing state that business was dull in various places, but at
Marseilles there had been some activity in sugar and
similar products. At Amsterdam the eichange on
London was 11 19.
Accounts from Dutch East India, dated Batavia, the
26th of July, advise us of all being quiet there, though a
renewal of the war was expected.
It is stated to us that " The advices from Cunac, both
public and private, still continue to narrate the unset-
tled state of things commercial and social. The
Government, if such a term can with propriety be
applied to the gentlemen now holding office, and
swaying the destiny of this most important and vain-
able portion of the British possessions, seemed deter-
mined not only to carry extraordinary measures, and
exhibit utter incapacity to conduct public business, but
are resolved to convince the Governor-General that he
is not to play first fiddle, but to moderate his tone
and pretensions to a very low key, and one
degrading to the representative of our Lady
the Queen, who would most indignantly de-
nounce a Minister daring to express a wish that her
Majesty should violate a written promise. But it ap•
pears by a correspondence published in the Montreal
Gazette, of the 2d instant, that Lord Elgin has shown
such a want of firmness, and of the dignity due not only
to his high position but to himself as a gentleman, that
he has, at the instance of his constitutional advisers, with-
drawn a v‘ ritten appointment without a shadow of
grounds. It appears that on the 10th January, 1848, E. A.
Meredith, assistant-secretary, wrote an official letter to.
Mr. I'. Stewart, appointing him Sheriff of the Eustace dis-
trict, to which situation he was highly recommended by
all the influential persons of the country, to whom his
qualifications and fitness for the appointment were
known, as he had discharged the duty of Deputy-Sheriff
for many years. The appointment is accepted; he gives
the necessary bonds and securities, enters upon his
duties; but what follows? On the 21st of March he re-
ceives a letter from Mr. Sullivan, the Provincial Secretary,
cancelling the appointment, and stating, lam com-
manded by his Excellency to inform you that, under
present circumstances, his Excellency has come to the
conclusion that the public service rt quires the appoint-
ment of another gentleman., instead of yourself, to the
office in question.
" In another letter ,from the secretary (for the corre.
spondence is very long) he states " that nothing dero-
gatory to your character was the cause of the
change in the appointment." It appears that the
appointment was cancelled without reason, to make
room for the friend of one of the Ministers !
It is quite evident, from the present state of things,
that a man of more stern mettle must succeed Lord El-
gin, and that quickly. Commercial affairs are bad, and
political excitement is on the increase."
These are the sentiments of a private writer, and as
such we give them.
The determination of the Bank of England proprie-
tary not to divide more than the current profits was
announced yesterday afternoon after the ballot, and
gives satisfaction generally, although the question of
the " Rest" will, no doubt, be hereafter mooted,
The dullness of business in Public Securities has at
length produced an impression, and prices are lower.
Consols 85i to 86k for Transfer, and 86 to 86* for
Account. Exchequer-bills have been 295. to 335. pre-
mium for those of March.
In the Foreign Market business is excessively dull.
Spanish Five per Cents. are 11 d, and: the Three per
Cents. about 22i to 231. Portuguese Old Bonds have
been at 70. Mexican Stock is 17 to 17i.
Railway Shares have been heavy again, and the values
are lower generally.
BRITISH FUNDS THIS DAY AT ONE O'CLOCK.
(From the Official List.)
3 per Cent. Consols Anns B6 861/ 85.%
India Boads under 1,C03/ 32 p
Consols for Accoant
Exchequer Bills. 210. 2d.
March. June.
1,001.
5001. 26 29 p
Small 3O 33 p 28 27 29 p
PRICE OF FOREIGN FUNDS AT ONE O'CLOCK.
Mexican Boni% 1846, 5 per Cent l7l/ 17 17%
Portuguese Bonds, 5 per Cent 7O
Spanish Bonds, 5 per Cent,l840
Dividends on the above payable in London.
BIJS)NESS DONE IN RAILWAY SHARES AT ONE O'CLOCK
RAILWAY!). PAID. Pm SHARE.
Aberdeen
Amber., Notting., Boston, &c 334 — to
Ayrshire and Gelleway

Belfast and Coanty.
une... Down .. 1717gt0
Birmingham & Ox,ord J po
_ _

Birmingham, W 01.,& Dudley 10 ... .
Birming., Wol., & Stour Val. 131.143....
Birkenhead, Lancashire, and
Cheshire Junction..
Boston, &amt.., & Birm;ig... 5
Bristol and Exeter
D0., Thirds
Buckinghamshire..
Caletionirn
Ditto, Half Snares
Ditto, New 101. Preference 2% I to
Ditto. Clydesdale Junction 50

Chester rod Holybead.... ..... 471/4 — „.... to
Ditto, Preference
Clarence. 78% ..... to
Do., let Class, 6 per Cent... 10
Do., 2d Class, 5 per Cent... 10
Do., Gov. Loan, 4 per Cent. 10
Direct London & Portsmouth 514 — to
Dublin and Belfesi-, Junction.. 30
Dundalk and Enniskillen ... 20 ...... to
East Anglia, 251. L. & E.,
and L. & D
Ditto, 18/., E. & H
Ditto, 31. 10s., E. & H... 3% — to
Eastern Counties
Do. New Guarant. 6 per Ct. 7' to
Do. Perpet., 5 per ct. No. 1,6/. 13s. 4d... to
Do., d 0....... N 0.2, 6/. 13s. 4d...
Do., Northern & Eastern... 50
Do., 5 per cent. ... 50
Do., Quarter .... .. ..... ..—.. 12 %.....
Do., New
Eastern Union, Class A (late
E. U. Shares) ..... .... 25
Ditto, ditto, Class A, ditto 1 .
Ditto, do, Class B (I. & B) 20
Ditto, do, Class C, ditto... 17% — to
Ditto Scrip (gua. 6 per ct.) 10
Ditto, ditto ........ ......... 20 ......
Ditto (C. & E.), 5 per ct. 2% 3% to
East Lancashire
Ditto, New
Do., New Quarters -
Do., 6 per Cent. Preference
Quarter Shares 414...... ...... to
East Lincolnshire 2B ......

Edinburgh and Glasgow 5O — to
Ditto, Halt Shares
Ditto, Quarter Shares 12% to
Edinburgh and Northern ... 25
Ditto, New ... 64 — ...... to
Ditto, New p0rt..... l3
Ditto, ditto, New 33/4 — ...... to
Exeter, Yeovil, & Dorchester 2% — to
Ditto, New ..- ....... ... 2% — to
Glasg.,:Dumfries, & Carlisle..Bl. 68.8 d... to
Glasgow, Kilmernock, & Ayr 50 ...... to
Ditto, New 4O —
Do. Preference Consolidated 15 ._. ..
Great Nerthern ... 17
Do. London & York Eaten. 214 — ...... to

Gt. South. & West. (Ireland) 42g .. . . to
Great North of England 100 —
Ditto, New 404
Ditto, ditto
Ditto, New 304
Ditto, New 151...... .... ..... 14 ...... . to
Great Western
Ditto, Half Shares
Ditto, Quarter Shares
Ditto, Fifths 20
Do. New 174
to to 10
Huddersfield and Manchester 28 .. -.—
Dittc, Thirds
9 ...... •• ••• to '•"
Hull and Selby
50
...... —. ...... to --
Ditto, Half Shares ..
Ditto, Quarter Shares 124......
Lancaster and Carlisle.... ... 50 ......
Do., Thirds...
Lancashire and Yorkshire... 93 ..... to
Ditto, ditto
Ditto Half Shares .... 43
Ditto Quarters 171.4 —
Ditto Fifths 9
Ditto Sixteenths .......... 64 — ... . to
Ditto Thirds (Reg.)
Do., New Guar. 6 per cent. 5
Do. Liverpool and Bury... 43
Do. (Rudders. and Sheff.) i 3
-- . W - -

Do., . aketield,Pontefrad,
end Goole
Do., West Riding Union... 6 .... •
Do., Preston and Wyre ... 25
Do., do., Half She-es (A) 9% to
Leeds and Bradford bo ..... 90
Leeds,Dewsbury,& Blanches. 50

Do., Half Shares ............ 252 .
.....
...... to :
Ditto, Blue (scrip) ...... ..
..
_O%
.... . to --
Leeds and Thirsk ...--- n
Ditto, New ..... .. ..—.:. ... :. 30...
Do., 0., Prefer., 6 per Cent. 3.h. - ...... to -.
Liverpool, Crosby, end &nit h-
31,4
port.
Liverpool, Manchester, end
Newcastle Junction 2% — ...... to
London it Blackwall --IR 6s. 8d 4%...... to
Do. Extension ........ ....... 22% .
Lond., Bright., & South Coast 50
''''. to •••••
Do. Guaranteed 5 per Cent. 9 . ..... ...... to --
De. Pref. Cony. 5 per Cent. 50
Ditto, ditto 1852 50 .....
Do., New, guar. 6 per cent. 4 ...... 4th to
I ondon and Greenwich... 12/.155. 4d... 6 ...
Ditto Preference lBl 17s 2d... .. to
London & North We-,tern.....100 109% 109 to 110
Do. Quarters (L. and B.) 22
DI. New
Do. Fifths
Do. 40/. Shares... _L. & M 25 ...... --
Do. 10/.... M. and B. (A.) 9 .... . to
Do. 101. .. M. and B. (B.) 9
Do. 101. ... M. and B. (C.) 1
London and S. Western...-. 50
Ditto, New 504
Ditto, New 40/..... ..... .. .. 34
Do. Tenths (Consolidated) 50 ..-..
Do. Tenths (Consolidated) 40
Ditto, Thirds ... . ...... .11/. 136.4 d
Do., New Scrip, 1848, Pref.
7 per Ct. on Deposit and
5 per Ct. on Calls .....11. 13s. 4d — .... . to
Landon, Salisbury, & Yeovil 11% — to
Londonderry and Coleraine... 27 % — ...... to
Londonderry and Enniskillen 25
Lowestoft (guar. 4 per cent.) 20
Ditto (guar. 6 per cent. ... 8
Manch, Buxton, & Matlock 4
Manchr, Sheffield, and Linc.100
Ditto 4 Shares (No. 1) ... 18 ......
Ditto, ditto (No. 2) 25 — to
Ditto, % Shares (No. a)... 74 ..... • -• 9 te