The Sun.
London, England, 1848-12-13 00:00:00

Less this year... 135 „ ••• 47,577 ,
There are late accounts, to August 10, from Sydney,9
New South Wales. The prospects of the trading com-
munity were more promising, The stocks of goods
having become reduced a fair sale existed for imports,
and prices had an upward tendency. The wants of the
settlers in the interior would soon take off a considerable
quantity of manufactures and other articles of import.
The elections for members of the Legislature excited
much attention.
The Funds are very buoyant again. The large
majority in favour of Louis Napoleon, which
seems to set his election at rest, is better liked
than an amount of votes which would leave the
matter in uncertainty, and a strong Ministry is expected
to be the result. What may be the ultimate conse-
quences., however, we find scarcely any one able or bold
enough to predict. The value of Consols has been 881
to 7,1 tor Transfer, and 88 to a for Account, but the pre-
sent values are 874 and 88 to Exchequer-bills are
395. to 425. premium. Bank Stock is at 189 to 191.
The Foreign Securities have been very well supported.
Spanish Five per Cents. are 121; Mexican Stock is 221
to 221. Portuguese Four per Cents. are 24k. Dutch
Two-and-a-M.4lf per Cents. are 484.
Railway Shares have been in steady demand, and at
higher prices.
BRITISH k UNDS THIS DAY AT ONE O'CLOCK.
(From the Official List.)
3 per Cent. Reduced Annuitie5........... 863%
3 per Cent. Consols Anna 88% 87% 88% 87%
New :PA per Cent. Anna 87% 86Y 87%
Long Annuities, Exp. Jan. sth, 1860 -16
India Stock
Do. Bonds, 10001
Ditto under 1.0001
South Sea Stock
consols for Account
Exchequer Bills.

37 38 p
38 36 p
94%
88% 88
21/z d. 2d.
March.
41 42 39p June.
1,000/.
5(X:1. ... 42 p 40 37 p
Small 39 42 p
PRICE OF FOREIGN FUNDS AT ONE O'CLOCK'
Brazilian Bonds, 5 per Cent
Equador Bonds 2
Mexican Bowls, 1846, 5 per Cent 2296% %
Ditto for the Account 22% •
Portuguese Bonds, 5 per Cent —
Ditto 4 per Cent.
Spanish Bonds, 5 per Cent,lB4o
Ditto for the Account 12%
Venezuela Bonds
Dividends on the above payable in London.
Dutch 2% per Cent.,l2 Guild 4B
Ditto 4 ner Cent. Certificates

fi1l:41.11E8S DONE IN RAILWAY SHARES AT ONE O'CLOCK
RAILWAYS. ram. Its Sum.
Aberdeen
50 ....• .••••• to
Amber., Notting., Boston, &c. 414 — to
Ayrshire anll Galloway
Bdfast and County Down .. 19 .. ..
Birmingham & OxfordJunct.,
calls duly pd, or with guar. 20 . — to
Do., without a guarantee... 20 ... .. -
Birmingharn,Wol., & Dudley,
calls duly pd, or with guar. 10 ... .
Do., without a guarantee... 10
Binning., Wol., & Stour Val 134145.... to
Birkenhead, Lancashire, and
Cheshire Junction.., lO
Boston, Stamt., & Binning... 5
Bristol and Exeter
Do., Thirds -
Buckinghamshire.. -
Caledonian ...... 50
Ditto, Half Shares
..
Ditto, New 101. Preference 5 4 41.
Ditto. Clydesdale Junction 50
......
Chester and Holyhead... 5O to
.....
Ditto, Preference
—'
`,larence. ...
Do., Ist Class, 6 per Cent... 10
. ... to
to
Do., 2d Class, 5 per Cent... 10
......
Do., Gov. Loan, 4 per Cent. 10
to
.._

Direct:London & l'oitsmouth 5-1)i
""'• to
...... to
Dublin and Belfast Junction.. 35
Dundalk and Enniskillen 2( "'••• to

',O ...... -- ...... tO --

...I • • •
East Anglia, 251. L. & E.,
aod L. & D ... ........... 25 -
Ditto, 31. 10s., E. & H... 3% 3 •
...... to
:4:astern Counties ....
Do. New Guarant. 6 per Ct. 10
Do. Perpet., 5 per ct. No. 1,6/. 13s. 4d — -
Do., do ........ .N 0.2,6/. 13s. 4d...
Do., Northern & Eastern... 50
Do., 5 per cont. ... 50 ... --
Do., Quarter 12%... ..
.. ...... to Do., New - to
Eastern Union, Class A. (late
E. U. Shares) ......... .. 25
Ditto, ditto, Class A, ditto 1 .....
Ditto, do, Class B (1. &B) 20 ......
, Ditto do, Class C, ditto... 20
Ditto Scrip (gua. 6 per ct.) 10
Ditto, ditto
Ditto (C. & E.), 5 per ct. 21 -
East Lancashire
Ditto, New .. ........... ..... 21
Do., New Quarters
Do., 6 per Cent. Preference
Quarter Shares 6!‘...—. .-- ...... to
East Lincolnshire 25
...... ...... to
Edinburgh and Glasgow
Ditto, Half Shares
Edinburgh and Northern

00 ...... .-.... -

•• ••• eeeee to

...
..... 25 15
, •••••• to
Exeter, Yeovil, & Dorch-

_ __ . ~, ~. ...,;nester 2% —
Glasg., Dumfries, & Carlisle..B/. 65.8 d...
Glasgow, Kilmarnock, & Ayr 50
...... to --
•• ... to
Do.Preterence Consolidated
.—..
Great Northern.... .......... ... 19
Do. 4 A Deferred ... ... 121,41 4
Do. 5B 6 per Cent. Guar. 61A, —
Do. Extension .... ..... ..... 2%.. ...
Gt. South. & West. (Ireland) 42% - ..... to --
Great North of England 100
...... ...... to
Ditto, is.tw 401..

40 ...... ...... to
....,,
Ditto, ditto
Ditto, New 304 ...... 30 ... ..
...... to ... to
Great Ditto, New 154 ..... ..... 14 .—..— • %
76 to 7
Western .................. 90
Ditto, Half Shares
Ditto, Quarter Shares
... ..
Ditto, Fifths 2O
...... to
Do. New 174 -
..
Huddersfield and blanch- 30 - -

'ester & .. ...
Ditto, Thirds
Hull and Selby 5O ......
Ditto, Half Shares 25
......
..... .•.... . to to
Ditto, Quarter Shares
Lancaster and Carlisle.... ... 50
......
Do., Thirds.....
Lancashire and Yorkshire
Ditto, ditto -
Ditto Half Shares - 43 ...... -- ...... to
Ditto Quarters 17% •
...... to
Ditto Fifths ... 9
Ditto Sixteenths ........... 6%......
... to
Ditto Thirds (Keg.)
Do., New Guar. 6 per cent. 5
Do. Liverpool and Bury... 43
Do. (Rudders. and Shelf.) 43 -
Do., Wakefield, Pontefract,
and G001e....... .. ....... 50 -
Do., West /tiding Union... 7 .... . -
Do, Preston and Wyre ... 25 ...... --
..
Do., do., that Shares (A) 9% ...... -
Leeds and Bradford -
Leeds,Dewsbury, & Munches 5O
......
Do., Half Shares
Leeds and Thirsk ........ ...... 50
...... -
.... . to
__,
Ditto, New . ... .... .. 35 . .... ...... to
Do., do.,rrefor., 6 per Cent. 3%. .... ...... to --
Liverpool. Crosby, and Sout h-
Dort. ................. . ........... 3%
......
.. _ to --
.verpool, Manchester, and
Newustle Junction....... .. 2% — ....
to .. to
London .8i Blackwall ...:..13/. 6s. 8d 4% -
Do. Extension •
......... 22%
Lond., Bright., & South Coast 50
28% to 2914
Do. Guaranteed &per Cent. 9 .
-' -
...... ..
D. Prot Cony. 5 per Cent. 50
Ditto, ditto 1852 60
.. ...
1)o., New, guar. 6 per cent. 5 -
;•ondon and Greenwich... 121. 15s. 4d...
8/ 17 ...
Ditto Preference
...... to
London & North Western....l. s 2d....100 ll9
~ ... to --
Do. Quarters (L. and B.) 22 -
. t° ---
Do. Fifths
Do. 40.. Shares-- - & ' 2 ..... ~.... W '''''

to --
Do. 101.... M. and B. (A.) 9 .••• • t 0

MONEY and COMMERCIAL NEWS
CITY, QUARTER TO THREE.
The Cotton Market at Liverpool yesterday was rather
quieter. S:lles 5,000 to 6,000 bales.—Railway Shares
were steady generally.
The letters from the United States by the steamer
are of a satisfactory tenour generally. It is noted
that the report of the Secretary of the Treasury pre-
sents a more favourable view of the finances of the
Government than has teen generally anticipated, even in
the face of additional expenditures. It appears that for
the year, ending June 30, 1849, appropriations amount-
ing to 10,287,335 dollars are required. Nothing is said
about any reduction in the other estimates made out
previous to the close of the Mexican war ; but now
that we have peace, and the expenditures of the Govern-
ment are reduced to the peace standard, the appropria-
tions required for the army and the navy are much be-
yond what will actually be wanted. There will be a re-
duction, in these two items alone, of more than thirty
millions of dollars, an amount equal to the deficiency, after
including in the expenditures the 10,287,335 dollars named
above. The deficit for the fiscal year ending June 30,
1848, has already been provided for by the loan of last
June, and the expenditures of the current year will not
exceed the revenue from ordinary sources, it being esti-
mated at 35,100,000 dollars, and the probability at pre-
sent is that it will be fully realised. A party writing at
New York states:—
" The importations thus far, this season, have
been unusually large, and it is the impression
that they will be heavy in the spring. The Continental
Markets for British manufactures have been much re-
duced by the revolutions, and we have no doubt our
markets will be crowded full, they being about
the only places where anything like cost can be
realized. It is, therefore, highly probable that
the most liberal estimate of revenue from
customs this year, will be realized, giving the Secretary
of the Treasury an opportunity to exhibit a very satis-
factory state of the public finances at the close of his ad-
ministration."
The Canadian accounts of the latest date state that
flour was dull at 255. to 255. 6d. per cwt. The exchange
on London was 9f to NI per cent. premium. Upon
trading affairs, a Quebec merchant thus advises us :
"Our fall fleet has been unusually small, and the
transactions of the last fortnight have been so limited
for actual shipment that the prices may be considered
mostly nominal. With this issue our Circular' will
cease, but on the final close of our navigation, we will
review the market of the past year ; meanwhile, we
merely refer to the comparative statement from the
Supervisor's office, and the number of arrivals from sea.
Comparative statement of arrivals and tonnage at this
port, in the year 1847-8, up to the 16th November in-
-1847 ... 1,179 vessels. ... 474,545 tons.
1848 ... 1,044 „ ... 42,698 „