The Sun.
London, England, 1848-10-07 00:00:00

ITALY.

The Italian papers of this morning contain no
news of importance. In Piedmont
.the preparations
for war are proceeding slowly but surely ; nothing
has as yet transpired respecting the negotia-
tions. At Rome, M. Rossfs accession to power
has produced anything but a favourable impression
upon the public, as may be seen from the leaders
of the Roman journals, where his conduct in
France under Louis PHILIPPE is severly criticised.
At Florence, the Committee named to make a report
upon the forced loan of four millions, has pronounced
itself in favour of the measure. Leghorn is still
under radical sway. We have no further intelli-
gence from Sicily, but it appears that the re-
commencement of hostilities was expected shortly.
In the Venice Gazette of the 21st ult. we find a
highly interesting leader, containing a faithful pic-
ture of all that Venice has done and suffered to main-
tain her independence in the present critical po-
sition of Italy. After enumerating the several sacri-
fices made by the Venetians, the forced loan of four
millions, realised without the slightest difficulty,
by voluntary devotion to the country, the other
loan of one and a half millions imposed upon the
poorer class; more than a million's worth of silver
brought to the mint, another million of voluntary
offerings, the two millions of bank•shares, besides
Private beneficence to exiles and those in misery,
in spite of the blockade by land, which prevents the
richest families from getting in their revenues, and
the absolute stagnation of commerce ; and after com-
paring these resources to the immense expenses of the

war, and the maintenance of a large army and fleet,
expenses which the revenues of Venice could never
meet in the most prosperous times, it records with
pride that the Government has found sufficient credit
to raise a new loan at five per cent. to the amount of
three millions.

MONEY and COMMERCIAL EWS.
CITY, QUARTER TO THREE.
The Cotton Market at Liverpool this week has been
without material change. Sales yesterday, 4,000 bales
Railway Shares were ►ess active and flat.
There was some additu.n made last week to the Active
Note circulation of the Bank of England, a withdrawal
of private depo►its having afforded occasion for the same.
The Government balance did not increase so much as
could be desired. There is a difficulty, no doubt, in col-
lecting the taxes. The discount business of the corpo-
ration was but little augmented, and the bullion was

reduced:—
Notes issued 27,120,703
Decrease
Rest . 3,837,472
Incr4,w.e
Public Du posi ts 7,008,836
Increase
Other Deposits 8,146,311
Decrease
Seven Day and other Bills
Increase
Government Securities
Increase 86,250
Other Securities
Increase
Notes
Decrease
Bullion
Decrease
Active circulation
Increase
The depreciation in Railway Shares proceeds at such
a pace that a 10 per cent. return upon investments may
possibly, ere long, be regarded as an inadequate temp-
tation. Indeed, should the dividends improve upon some
of the lines, and there will be ample room when business
revives, purchases at the rates now current would almost
obtain that once considered visionary return. Take
Eastern Counties at 124, with 201. paid, and bearing in
mind that the last half-year's dividend was at the rate
of 4 per cent. per annum, the return per cent. per annum
to a purchaser would be 61. ss. 6d. Great Western at
78, would yield nearly 7i; Brighton at 261. 41. 18s.;
South Western. at 381, 71. 16s. 4d.; North Western at
108 to 110, 61; Midland at 81 to 82, about 71; North
British et 17, nearly 74-; York and Berwick at 25 to 26,
about 71; and South Eastern at 234, 9 per cent. One
might have thought that these rates would invite buyers
since the Brighton, at the last meeting. only declared
a dividend of 21. 125., the North British of Si.,
the Midland and South Western of 6/., and the
Great Western and North Western of 7 per
cent. per annum each. The South Eastern paid
2/. 2s. for the half-year on every 331. 2s. 4d. paid up,
we will only at present further remark, that we feel it
a duty, whatever success may attend the effort, to en-
deavour at least by facts like these to stimulate inquiry
and reflection among parties having means but lacking
confidence, and not until that confidence is felt—and it
is in the power of railway boards by candour and good
management to induce it—can a healthier tone be hoped
for in the Railway Market.
The enterprise of the colonists in British North
America is destined ere long to produce very extraor-
dinary results, and we may expect England to be brought
into direct communication, by ocean and river, with the
" far west." Too much attention cannot be paid to the
efforts making on the St. Lawrence. It is stated in an
account before us that " the fine new propeller Western,
Miller, left on Wednesday last, at two o'clock in the
afternoon, having on board 6,000 bushels of new wheat
and 550 barrels of new wheat flour, for the port of
Montreal, direct without trans-shipment. This being
the first shipment of what may be termed the Fall
Work, naturally excited considerable interest; and the
splendid appearance of the vessel, which has been com-
pletely overhauled and fitted with an upper deck, excited
the admiration of all who witnessed her departure. Our
readers e aware, from a former notice, that she is
fitted a ith submerged screw propelling wheels, and
as she mores without apparent smoke or steam,
without splash of the water, and being besides
fully rigged as a schooner, her appearance is quite dif-
ferent from any other vessel on the lake. Her last trip
to Montreal and back was accomplished in eight days
and six hours, including three days unloading and load-
ing in Montreal. Her average speed, when loaded, is
now proved to be over nine miles an hour in all weathers,
with 1,500 barrels on board she goes ten miles an hoes.
The extraordinary dispatch which this class of vessels
afford to business can only be realised by the fact that
so certain are they in their movements, that with the
aid of the magnetic telegraph, the cargo can be sold,
and the remittance received, in three days from the time
of completing their loding in Toronto. This, consider.
ing the distance between Toronto and Montreal is 400
miles, should satisfy the most impatient speculator."
A good deal of silver has been shipped from London
this week.
The accounts from Brazil, by her Majesty's ship Sea-
gull, are given in detail In anothe column, for the letters
add nothing to our information.
The -English Funds have been rather heavy to-day,
Consols 863 to 4, both for money and time. The mar-
ket is almost deserted, owing to the fine weather, and
besides being the Jewish Sabbath it is a strict holiday.
The Foreign Bonds are equally quiet. Portuguese
Four per Cents. 241, and Brazilian old Stock 73 ex-
dividend. Mexican Bonds are la 4 to 191. Belgian
Four-and-a-Half per Cents. are 711, and Dutch Two-
and-a-Half per Cents. 454.
Railway Shares are still declining, and the market
wears a most gloomy aspect, owing to the forced sales.
ONE CLOSING
rdiet:h OF ilitlTlBll FUNDS. O'CLOCK. PRICES.
S per Cent. Consols Annuities. B6 861,4
Long Anns. to expire Jan. 1860 ...
Ditto 30 years, Jan. 5, 1860.... 8% 8%
India Stock 234 234

Consols for Account, Oct. 17
Exchequer Bills 21,4 d. & 21
1,000/. June ..... ........... 2B 31 p
500/. March. 35 36 p
5001. June
Small, March .. 36 p
Small, June
PRICES OF FOREIGN FUNDS ONE CLOSIN ci
O'CLOCK. PRICES.
Brazilian Bonds .. 73 x d 73 x d
Mexican, 5 per Cent. 1846 19% 18% 187 i
Ditto, Account — 18%
Peruvian Bonds, 6 per Cents — 31
Portuguese 5 per Cents.
Ditto, 4 per Cent. —
Ditto. Account
Dividends on the above payable in London.
Belgian 4% per Cent
Dutch 2% per Cent., 12 Guild.
Ditto. 4 per Cent. Certificates
Ditto. Account
69% x d 691 A x d
PRICES OF PAID. BUSINESS DONE CLOSING
RAILWAY SHARES. AT ONE O'CLOCK.
Aberdeen
.........
Amber. Nott., Boston, ....
and Eastern Junction 414..„ —.
Ayrshire and Galloway.. 5
Belfast & County Down 17%

8614

Birmingham and Ox-

ford innetion ... 20
Birmingham, Wolver-

hamf,ton, and Dudley 10 .....
oiverh'pton,
and z-,Luur Va11ey...... 131. 148...
Birkenhead, Lancashire •••
,
and Cheshire June.... 10 .....
.
Boston, Stamfd & Birm. 5
.
Bristol and Exeter...... 85 .....
....
Ditto, Thirds..
. ......
........ 25
buckinghamahire... 1

31p
36 p
31p
3$ p
30p

24%

71%
45N

Al. 48.
Caledonian .. ............ 50 - ••• A % !ii••• 3/s
Ditto, Half Shares
.. 83A ...... .... ; ....
Do. New 101. Pref.—. 21,¢..... 1 !41,
Ditto,Clydesdale June 50
Chester and, Holyhead... 47% —- •••• ......
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
Dnblin and Belfast J unc. 30 ......
Dundalk & Enilibkilleu 20
......
East Anglia, 254 L. &
E. and L. and D...... 25 ......
Do., 181., E. & 11.... 18 ...... -.-
Do., 31. 10s.
Eastern Counties..... 30 ...... 12 34%
Do. New Guaranteed
6 per Cent. ..... ..... 7%...... 84
Ditto, Extension, 5 per
Cent., No. 1 61.135. 4d.... ....
Ditto ditto, No. 2...61. 13s. 4d...
Do. North. & Eastern 50
Do., 5 per cent.
Do. Quarters
Do. New ...
Eastern Union, Class A
(late E. U. Shares) 25
Ditto, Class A, ditto... 1
Ditto, Class B (I. &
and B.)
Ditto, Class C, ditto... 17%.....

18%

1%

12%

. ,
Ifo. Scrip (6 per cent.) 10
Ditto, ditto
Ditto (C. & E.) guar.
5 per cent.— ...... 21,E . —
East Laßeashire
Ditto, New
Ditto, New Quarters 6IA ...... 31A 5
Do., 6 per Cent. Pre-
ference Quarters ... 4a 4
East Lincolnshire ...... 23
Edinburgh and Glasgow 50 ......
Ditto, Half Shares ... 15 .. .. ...
Ditto, Quarter Shares 121j5......
Edinburgh and Northern 25 —
Ditto, New.. 6IA
Ditto, Newport l3 -
Ditto, ditto, New -
Exeter,Yeovil, k Dorch. 2% — ..... ... -
Glasgow, Dumfries, and
Carlisle
Glasgow,Kilmar., & Ayr 50 ......

3%

DcT.Preference ConsOl.
Great Northern

9%

Do., % A Deferred ... 12%...... 2 2% 2
Do., % B 6 per Cent.
guaranteed ... ..... 4%......
Treat South. and West.
(Ireland) ....... ........ 42%...... 22 ... 22
Great .N orth of England.loo ......225
Ditto, New, 401 40
Ditto, ditto l5
Ditto,New,3o/......... 30
Ditto, New, 151......... 14 ..
Great Western 9O ..... 77 ......
Ditto, ih Shares
Ditto, 14 Shares

43%
.15%

Ditto, Fifths
Ditto, New 171........ 13 ... ..
Huddersfield and Manch. 28
Ditto, Thirds
Hull and Selby ..
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— 171,4 —.. ........... ......
Do. Fifths.— ........ ... 9
Do. Sixteenths 614 —
Do. Thirds (Reg.)..... 13 ..... ... .........
Do. New, Gua. 6 perct. 5
Ditto 14 (late Hud-
dersfield and Sheff.) 43
••
Do.(Wakefiekl,Ponte- ••
Tract, and Goole) ... 50
Do.( W. Riding Union) 6 .. ...
Do. (Preston & W '25 - ...........

J. ‘. , yre)
Do. % Shares (A)... 914. -
Leeds and Bradford 5O
Leeds, Dewsbury, &c.... 50
Do., Half Shares 25
Do.. (blue) Scrip.-- 2%... ..
Leeds and Thirsk - •
Ditto, New ......„... 35
Do., Prefer., 6 per CL 3% —
Liverpool, Crosby and •••••••»•«...Southport Vt
Liverp., Manchesti

~ .._ ;er, and
Newcastle Junction... 2%...... •
London & Black wa11...131. 6s. $d....
Do. Extension ..... ... 22 % ...... .... -...—...
London, Brighton, and

South Coast
Do. Guarant. 5 per ct.., 8 ...... .
Do. Pref. Con. 5 per ct. 50 .. ... 421,4
Ditto, ditt0...... 1852 50 —
Ditto, New SL, guar.
6 per cent.
London and Greenwich 12/15s 4d — ......... ......
Ditto, Preference... 18117 s 2d —
London and N. Western 100 1071,4 108 107...
Do. Quarters (L. & B.) 22
Ditto, New
Ditto, Fifths ..... ..
Do. 40/.Shares(L. M.) 25 —
Do. 101. (M. & B.) A. 9 —
Do. 10/. (M. & B.) B. 9
Do. 10/. (M. & B.) C. 1 .....
Long. &S. Western 5O ...... 88 ....... ........
Do. New 504 ...
Do. New 401. B 4
Do. Tenths (ConsoL) 50
•• •••• ..•••
Ditto ditto
Ditto, Thirds. .131.65. Sri

,a..•

—• ••••...
Do., New Scrip, 1848,
Pref. 7 per Cent. on
Deposit, and 5 per
Cent. on Calls ...IL 131.4 d...
London, Salisbury, and
Yeovil ..... 0... ........ 1%,.....
Londonderry &Coleraino 27%. —.....-
Londonderry and Ennis-
killen - 25 ."... -.• .....
Lowestoft (4 per ct.) ... 20
Ditto (6 per et.) . . . 8
Mantlester,Buxton,and
Matlock 4 —
Manchester, Sheffield,
and Lincolnshire -.100
Do. Quarters (No. 1) 18
Ditto ditto (No. 2)... 25
Ditto, New 101. Pref... 10
Ditto, Gt. Grimsby ... 35
Ditto'ditto .... ........ 6% — ••••••.•
Ditto Sheffield and
Lincolnshire 12%. ... —•
Do., Grimsby Dock... 17%
Do. Manchester and
Lincoln Union..... 41.25. —
Midland lOO ..... $1 SO%
Do. Consolidated Pref.loo
Do., do., 60L Shares.- 20 ... .. 83,4
Do. Birm., and Derbyloo
Do. Consol. Bristol and
Birming., 6 per ct. -.100 ......115 ........
Ditto,Bnst. & Glocstr. 38 ...... ..... .....•
Ditto, ditto ...... .....141. 183.... --
Ditto,Leieest& Swan-
nington, 8 per ct.guar.loo
Midland Great Western
Irish
Middlesbro' and Redcar,
6 per cent. guar.
Newcastieand Carlisle...100
Do. Quarters 25 ...
Newmarket ........ ... 20 - - e••••••••
Newport, Abergavenny,
and Hereford . 6 ....•• ~...•... ......
Newry and Enniskillen 7
Newry, Warrenponit,
and Rostrevor 2O
-
Nortoik
100
Do. New 201.
.;. lO
Do. Extension s:p ct. 20
Do. Guaranteed 5J

P,
.•%c. 5
1)o. do. Waveney Val. 2
Northern Counties Union 4
North British ........ ... 25 .. ... 16
Ditto, Halves ..
Ditto, Quarters
Ditto, Extension O% ..... -
Ditto, Thirds
North & South-Western 2 —
North Staffordshire l5 ..... p 4
North Wales . 3%
North-Western .... lO
Oxford, Worcester, and
Wolverhampton ...... 50
i-k--,....g, I,2UILIZUOras ana
RReigate ".10 ••••• .--. """•••'••• ••
Soyston and Hitchin ... 1'•."' ....... ........
cottish Central
.... .. 25 ...... 22 ......... ..... Scottish Midland '25 Ditto, New
Sheffiell . 1714... .. -.. _ _

ieflield, Rotherham, &
Goole (Nor. Div.) 7% ...... ........ Do. do (Sou. Div.) ... .
Shrewsbury and Biro 9
Ditto ditto, Class B 5
Shrewsbury and Ilerafd 2
Shrewsbury & Chester
( Nor. W. Min.) l6 ...... Ditto Halves ... ditto 8 •—• ""'~••••••••
Ditto Oswestry .....
..............
..
Ditto New
Do. 8 per Cent. Pre& 10 "•••••••••••••......
......
Shropshire Union
4 ...... %• .....
S Juth Devon 5O
.......
Do. Preference
........
South Stailbrdshire 5%
......
......
......
~uth Eastern
33% ..
•••••:
00., No. 1...
.....
......
...... .. Do., N 0.2.
"
Do., No. 3 .......
.
Do., No. 4 Thirds 10 ..... . 6% .• *—
South Wales
.....
South Yorkshire,.. Don-
caster, and Goole
Swans. & Loughor & Ca-
...............
meron's Stm. Coal ... 6
raw Vale Extension ... 6
.....
Thames Haven Dock
and Railway ........... 17%
Vale of Neath
Waterford and Kilkenny 17%
Waterford and Limerick 45