The Sun.
London, England, 1848-08-21 00:00:00

3101EY mitt COMMERCIAL \ b'WS.
CITY, QOARTER TO / HREE.
The Cotton Market at Liverpool on Saturday was firm,
without any change in prices. Sales 4,000 to 5,000 bales.
American 3d. to 64d. per lb. Railway Shares improved.
Prices advanced and had still an upward tendency.
By the steamers very late accounts have been received
from America and the East and West Indies.
At New York money was a little easier, but no decided al-
teration had occurred. The exchange on London was 109 to
1091. The commercial markets were quiet, and the imports
had fallen off. If the following statement be correct, we
shall receive fair supplies of produce at moderate rates. The
writer observes :

" There are so many, and such large holders of every
species of produce, who have held so long and amidst so much
depreciation in value, that we fear a moderate improvement
in prices will bring upon the market an immense quantity
of every variety of merchandise, and a complete glut be
realized. This is frequently the case after such a long de-
pression, and a reaction is almost invariably the result. Such
a policy should, by all means, be avoided, if possible; but we
fear that it is impossible to regulate the movements of spe-
culators now, any more than when the exelbement has
reached a higher point. The anxiety is to realise. All
say that as soon as prices cover cost and charges,
they will realise ; and when all wish to realise, prices cannot
continue to advance. It is, however, possible that money
may become sufficiently abundant before prices for produce
reach realising points, that it may be easier to hold, and the
anxiety to get rid of stocks may not be so great as we antici-
pate. In that event the recovery will be more healthy and
more rapid. The supply of produce, and staple articles gene-
rally, upon the market, will be more regulated by the de-
mand, and prices will be more steadily sustained."
Sir George Simpson bad returned from his annual tour of
iNspection of the Hudson's Bay territories, of which he is
the Governor, and reported very favourably of the condition
of the agricultural population, about 5,000 in number, at the
Red-river Settlement.

Looking over the West India accounts, we find nothing
certainly of a very cheerful tenor, and the arrangements
of the Government were not deemed sufficient to prop up the
colonies. There is but little chance indeed of their present
prosperity, but we have hopes for the future,
and we conceive that no protection would benefit them, in-
asmuch as a subsequent change would always be appre-
hended, and men of capital would keep aloof. Every one
now knows the worst of matters. It is seen that the days
of monopoly and bolstering are over, and the clearing out of
insolvent proprietors, while it is to be lamented on individual
grounds, though often arising from extravagance, lethargy,
and infantine dependence on the mother country, will throw
estates into the market at a price that will probably tempt
new men of better capital and more industry to embark their
money, and become permanent and resident landowners in
Cuba.

The statements received of the Calcutta markets are very
discouraging. Neither in imports nor exports was there any
activity, even at reduced rates, and the money market was
stringent, in a great measure owing to the want of confidence.
From the Continent we are advised of higher markets for
corn. and here also wheat has risen 3s. to 4s. per quarter this
morning.
The Stock Market is exceedingly quiet to-day, and the
quotations are very fairly supported considering the weather.
Consols have been 85% to 86 for preseet transfer, and 85% to
861/8 for account. Exchequer-bills of March have been 325. to
38s. prem., and India Bonds of 1,0001. 225. to 255. premium.
The New Three-and-a-Quarter per Cents. have brought
86 3% • and the Three per Cents. 85% to 86%.
The Foreign Securities have been at nominal rates, no
business having been transacted in the principal investments.
Portuguese Old Bonds have been quoted 66, and the Four per
Cents. are about 18 to 19. Mexican are called 161/ to 17,
and Spanish Three per Cents. 221,E to 22%. Brazil Stock is
71%. Dutch Two-and-a-Half per Cents. hare been done at
44 to 44%. _ _

Railw:a-y Shares, although not active, are rather better this
morning, especially Midland, since it is found that Mr. Hud-
son does not retire.

ovE CLOSING
,'RICEri OF itnITISH FUNDS. O'CLOCK. PKICEs.
3 per Cent. Reduced Anna. B6 8574 861,E 861/a
3 per Cent. Consols Annuities 85% 86 86
New 314 per Cent. Anna........ 86%34 863%
LongAnns. to expire Jan.lß6o
India Bond., 1,0001.
Ditto under 1,0001. ... .....
Consols for Account...
Exchequer Bills. 2%d. & 2d.
1,000/. March ......
1,0001. June 22 p '22 p
Small, March .. 34 p 34 p
Small, June
PRICES OF FOREIGN k UNIM ONE CLOSII,O
O'CLOCK. PRICES.
Brazilian Bonds

Danish Bonds, 1825, 3 per Cent
Mexican, 5 per Cent. 1846 —
Portuguese 5 per Cents. 66
Ditto, 4 per Cent —
Russian Bonds ...

Spanish 5 per Cent. 1840.
Ditto, 3 per Cent
Ditto, Account

69
16%
66
1814
101

22%

Dividends on the above payable in London.
Dutch 2% per Cent., 12 Guild.... 44 44% 44%
Ditto. 4 Der Cent Certificates 71 70
PRICES OF pArD. BUSINESS DONE CLOSING
RAILWAY SHARES. AT ONE O'CLOCK. PRICES.
Aberdeen 5O ...... 20
Amber. Nott., Boston,
and Eastern Junction VA.....
Ayrshire and Galloway.. 2%
Belfast & County Down 16 — -
Birmingham and Ox-
ford Junction .... ... 20
Birmingham, Wolver-
hampton, and Dudley 10 ..... ...
Birming.,Wolverh'pton,
and Stour Valley 131. 145...
Birkenhead, Lancashire,
and Cheshire June 10 - ••• • •••••••••
Boston, Stamfd & Birm. 5
Bristol and Exeter B5
Ditto, Thirds
Buckinghamshire... 14/. 4s.
Caledonian
Ditto, Half Shares .. it 74
Do. New 10/. Pref..... 2%...... 23/4%
Di tto,Clydesdale June 50
Chester and Holyhead... 47%
Ditto,lPreference
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. 30 ..„..
Dundalk & Enniskillen 20 ......
East Anglia, 25/., L. &
E. and L. and D...... 25 ...... 5
Do., 181., E. & H.... 18 .....
Do., 31. 10s.
Eastern Counties........ 20 ...... 14 14%
Do. New Guaranteed
6 per Cent.
Ditto, Extension,s per
Cent., No. 1 .6/. 13s. 4d....
Ditto ditto, No. 2...61. 13s. 4d... par
Do. North. & Eastern 50
Do., 5 per cent.
Do. Quarters ... ...... 12% — ..... ....... .
Do. New
Eastern Union, Class A

23%
234

144

33/4
14%

_ —him, ...
(late E. U. Shares) 25
Ditto, Class A, ditto... 1
Ditto, Class B (L &
and B.) 2O
Ditto. Class C, ditto... 171,x —
Do. Scrip (6 percent.) 10
Ditto (C. & E.) guar.
5 per cent............ 21,E ....”--
East Lancashire ......... 25
Ditto, New
Ditto, New Quarters 6!,i —
Do., 6 per Cent. Pre-
ference Quarters ... 2!,1 —
East Lincolnshire . 23
Edinburgh and Glasgow 50 ......
Ditto, Half Shares ... 15 .. ..
Ditto, Quarter Shares 12%......
Edinburgh and Northern. 25
Ditto, New.. 61,4
Ditto, Newport l3
Ditto, ditto, New 3%. ....
Exeter,Yeovil, & Dorch. 2 —
Ditto, New ...
Glitegow, Dumfries, and
Carlisle ....... •....8L 6s. 8d....
Glasgow,Kilmar., & Ayr 50
Ditto, New ............ 40
Do. Preference Consol. 16 - ...... •• • ...
Great Northern
Do., London and York 2,4......
I lreat South. and West.
(Ireland)
Great North of England.loo .....
Ditto, New, 40/......... 15
~.._
Ditto, New, 304 ........ 30
.. h 30% 31 •••• 1—
Ditto, New, 151 l4
Great Western 9O ... .. 82 821,4 ... Bll
Ditto, I}4 Shares 5O —
Ditto, VI. Shares
Ditto, Fifths 2O —
.
.: Ditto, New 171....... 13 ... ~ 934 lO
Huddersfield and /blanch. 28
Ditto,
Thirds
[lull and Selby ..
Ditto, Half Shares
Ditto, 14 Shares
•....... ......
..... —.
Lancaster and Carlisle:. 50
...............
Ditto, Thirds
..............
Lancashire & Yorkshire 93
Ditto, ditto
Ditto, % Shares
................ =6 ....
.........................:
Do. Quarter Shares 1671144
............ = ...............
........... —63 i.
6129 Z
Do. Fifths... ......
Do. Sixteenths
Do. Thirds (Reg.) l3 ..... 4th
.......... ••
Do. New,Gua.6 per ct 2% ...... 31' .......... "'' 43/4 '
Do. Liverp. and Bury 43
Ditto lA (late Hud- ..h ...........
. _

24 ... ••• •• 000000 ••••

...
54

derstield and Shef.) 38 . Da.(Wakefield,Pon te-
...... •• •• .....
tract, and Goole) ... 50 ......
Do.( W. Riding Union)
.....
6 ....4 ... ....... .. Do. (Preston & Wyre) 25 .
Do. IA Shares(A)... 9%...
Leeds and Bradford. 50 ... '•
Leeds, Dewsbury, &c.... 50
...
Do., Half Shares ...... 2214...... •••• —
Do., (blue) Scrip ..... . 2%...
Leeds and Thirsk ...... 50 —•—
•••.••..«.... --
Ditto, New ......... .... 30
Do., Prefer., 6 per CL 31,i —
-- •• •... —
Liverpool, Crosby and
Southport . ...... ..... . 3142 -
Liverp., Manchester, and
.....
Newcastle Junction._ 21A.,.... --
London &Blackwall...l3l. 6s. 8d.... 4%5/a 4%
Do. Extension .... ... 221/2-- •••• •• 8
London, Brighton, and
South Coast
—4-44 28%
Do. Guarant.s per ct.., 9
..
Do. Pref. Con. 5 per ct. 50 .
•••
Ditto. ditt0...... 1852 50 -
Ditto, New Si., guar.
6 per cent. .. .
London and Greenwich 12/15s 4d...
Ditto, Preference—. 18/ 17s 2d...
114x.d
London and N. Western 100 .....115 114 x.d
Do. Quarters (L. & B.) 22 ... —6x,
7% 7
7 Ditto, New ....... .—.. 7
Ditto, Fifths ..... .. 2
Do. 401.Shares(L.M.) 25
_64 x.d. ...... ... 64_x.d.
Do. 10/. (M. & B.) A. 9
Do. 10/. (M. & B.) B. 9 •••••• 9% x.d..,....... 9kx.d.
Do. 101. (M. & B.) C. 1 ...
Load. &S. Western 5O ...... 3814 39% 33.. 3$