The Sun.
London, England, 1848-11-17 00:00:00

MONEY and CO.3I.IIIERCIAL
Y, QUARTER TO 7 !MEE.
The Cotton .Market at Liverpool yesterday was
steady, and prices had rather au advancing tendency.
'l ha sties were -estimated at 6,000 bales, of which there
were 4,5C0 Ann. rican, 600 Pernam and Maranham at
41 to 4,lsf'.-; 150 Egyptian at 54d. to 6d. ; and 30()
burat at 24d. to 3,l.—The Shure Market was rather
dull and languid. Prices had a declining tendency, and
very little buSiness doing.
The most ingenious device played off upon the Cus-
toms is deciaedly that just discovered. A chest of
watches i., imported, and an apparently undue low value
is put upon them. The vigilant revenue officers examine
the contents, find one or two geld time-keepers of goodly.
appearance, and conclude that the intention of the im-
porter was at defraud her Majesty of a portion of her
lawful dues. Accordingly, a seizure is made, and
as the p unishmenta of his attempt, the owner of the
watches is compelled to accept his own valuation,
with a per centage added by way of demonstrating the
liberal policy of the Customs, and the desire not to grasp
after so large a profit. At the customary period a
üblic sale of the articles takes place, and not until
then is it discavered that the property may be worth
about 10 per cent. of the original valuation, the watches
haring been beautifully got up, and electrotyped by a
process which rendered detection, even by experienced
parties, extremely difficult. Some one in the trade,
however, blessed with a suspicious jealousy of foreign
industry, and doubting whether all is gold that glitters,
adopts the rough test of the knife, and thus
the cheat becomes apparent. There may be one or two
worth the price originally put upon them, but as to the
rest w e doubt the Customs will be willing to get quit
thereof for a mere song. The " operator' is, no doubt,
clear of all pursuit ere this, and we are now led to ask
whether there 'has been any laxity, or rather want of
judgment, on the part of the officials. In endeavouring
to answer this query, reference must be made to
the enormous frauds upon the Customs carried
on for a series of years by firms considered to
be of as much respectability as they were known
to be of wealth. The collusion of some few officials,
thrlexity of others, and the reflections induced against
innocent parties have made the revenue officers very
Much on the alert, and if in the prt sent instance•they
have been deceived we must make fair allowance, both
on occount of the novelty of the swindle and of the tes-
timony borne to the extreme finish in the manufacture.
Experience must be bought, and the knowledge that the
electrotype process has been brought to such perfection
may not be useless to the public at large.
Letters received this morning from the agricultural
districts state that trade is not brisk in the towns on
the east coast of England, for example, though there is no
particular alteration recently.. The approach of winter
generally causes a little more activity in anticipation,
added to which, writes one party, " the parsons are now
getting their tithes and the landlords their rents, while
the farmers having fresh stocks of corn to take to
market, are enabled to make good their payments, thus
causing a little more of the circulating medium to pass,
than at other times."

The " fog-end" of the Bear account still has its in-
fluence upon the Consol market, which is supported
likewise by the assertion that the Chancellor of the Ex-
chequer has disposed of nearly all his stock, and that
the revenue receipts are going on satisfactorily. As to
the former statement nothing can be said for or against
it, official data being requisite, nor is the quarter far
enough advanced to judge of the revenue. A statement
so ridiculous as scarce :y to merit notice is, that the
Chancellor has no employment for the proceeds of the
two millions stock, now he has it, when at the same
time every one knows that it was chiefly wanted to
cover a past deficiency.
Consols have been 861 E, and are firm at 864 The
New Three and-a-Quarter per Cents. have been 115 ii to
$6/, and the Three per Cents. 851 f. Exchequer bills
have been 38s. to 41s. premium.
The Foreign Stock market presents no feature.
Mexican are flat at 21/ 211. Dutch Two-and-a-Half
per Cents. have been 452 to 46. Not a bargain has
been effected in Portuguese, Spanish, or Brazilian Bonds.
Railway Shares are rather worse again. There is
not much doing, but they appear to have " the falling
sickness" upon them. We can only account for it upon
the presumption that shareholders, in too many in-
stances, are short of money and suffering from dull trade,
or that they formed excessive expectations and are dis-
appointed.

ONE S
FRIING}..S.
I' .I('E 'C
sOF BRITISH FUNDS. OLOCK. CLOSING
Auk Stock — 188
i.er Cent. Reduced Arns 851h% 851
3 per Cent. Consols Annuities.-- 86% %34 86%
New 314 per Cent. Anu5....... 863 86 8614 85X, 85'A
L.ong Anus. to expire J an. 1860 ... 8
Ditto, Oct. 10, 1859 ..... -16 8 5-16
Ditto 30 years, Jan. 5, 1860.... 8%4 11-16 8 11-16
India Bonds, 1,0001. ...... ••
Ditto under 1,0001... ....... 34 p
Consols for Account 86;%4 % 541 %
Exchequer Bills. 25id. & 2d.
1,0001. March ......
1,000/. June 39 p
500/. March..._ 3B 41 p

5001. June
Small, March 3B 41 p
Small, June
PRICES OF FOREIGN FUNDS. ONE
O'CLOCK.

CL0513.6
PRICES.
84

Chilian Bonds 6 per Cent.....•
Equador Bonds
Mexican, 5 per Cent. 1846 21%
Portuguese 5 per Cents.
Ditto 3 Der Cent
Ditto, 4 per Cent
Dividends on the above payable in London.
Dutch 2% per Cent., 12 Guild 46 453/4
Ditto, 4 per Cent. Certificates 70

PRICES OF PAID . BUSINESS DONS CLOSING
itAILWAY SHARES. AT ONE O'CLOCK. PRICES.
\berdeen 5O ...... 17 .. l7
Amber. Nott., Bosten,
and Eastern Junction 414..„.,
kyrshire and Galloway.. 7
Belfast & County Down lil
Birmingham and Ox-
ft,rd Junct., calls duly
paid, er with a guaran. 20
Do, without guarantee 20 . ...
[filming, Wolverh'ton,
and Dudley, calls duly
pd, or with guarantee 10 .....
Do. without guarantee 10
Bhrning., Wolverh'pton,
and Stour Valley 13/. 145...
Birkenhead, Lancashire,
and Cheshire June.... 10 -
Boston, Stamfd & Birm. 5 ......
Bristol and Exeter 9O ......
Ditto, Thirds ... ..... 27% 15%
Lucking hamshire... 4p,..45. ..... ........ . . .
Caledonian sisUM. 0 ...... 18 %
Ditto, Half Shares' .. 83/4 ...... ....»..,....
Do. New 10/. Pref..... 5 ...... 41%
Ditto,ClydesdaleJunc 50
Jhester and Holyhead... 50
Ditto, Preference
Clarence ' 78!4 —
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. 35 —
Dundalk & Enniskillen 20 —
East Anglia, 251., L. &
E. and L. and D...... 25 — ... ..
Do., 18/., E. & H.... 18
Do., 3/. 108.
E.tstem Counties........ 20 ...... 12 1214 11%
Do. New Guaranteed
6 per Cent... 7%...... V%
Ditto,Extension,s per
Cent.,N0.1.,...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 13.) '2o ' —
.........
Ditto, Class C, ditto... 20 . .... ..........
Do. Scrip (6 percent.) 10 ...... .....
Ditto, ditto .. 2O
Litt° (C. & E.) guar.
5 per cent............ 2% ...
East Lancashire ......... 25
Ditto, New
Ditto, New Quarters 614 —
Do., 6 per Cent. Pre-
ference Quarters ... 614 — ... ....- .....
East Lincolnshire ...... 25
Edinburgh and Glasgow 50
Ditto, Half Shares ... 15 ..
Ednburgh and Northern 25
Ditto, Newport l6
Exeter,Yeovil, & Dorche 2% l% .
Glasgow, Dumfries; and
Carlisle
Glasgow,Kilmar., & Ayr 50 ......

113/4

Dri.Preferenee Consul •••••••• • •••
Great Northern
Do., -1/2 A Deferred ... 1214...... 4
Do., % B 6 per Cent.
guaranteed 414. A
Do. Extension • • • 2%
.ireat South. and West.
(Ireland) ... 42%...... 221/2 ........ 22%
Great North of England.loo

-
334

Ditto, New, 401- 4O
Ditto, ditto
Ditto, New, 301
Ditto, New, 151... ..... . 14 .. .. ......
Great Western 9O ..... 77 76
Ditto, 1 Shares
Ditto. 1,4 Shares
Ditto, Fifths -
Ditto, New 171........13 —.. 81/i 9 ..... •
fluddersliela and Man Ch. `OO
Ditto, Thirds
(lull and Selby
Ditto, Half Shares
Ditto, 4 Shares - ...... .• ..... 2
Lancaster and Carlisle 5O ...... ...............
Ditto, Thirds
Lancashire & Yorkshire 93
Ditto, ditto
Ditto, 1,4 Shares
•••• •
Do. Quarter Shares l7l/2 • 93A .... ...........
Do. Fifths... 9 - ........
Do. Sixteenths GI,4 —. ............ ..
Do. Thirds (Reg.)..... 1 ..... 3%
............ .
Do. New, Gua. 6 per et. 5
Do. Liverp. and Bury 43
Ditto 1,4 (late Hud- ••• ............
dersfield and Sheff.) 43
Do.(Wakefield,Ponte- •
tract, and Goole) ... 50
Do.( W. Riding Union) 7 .•
Do. (Preston & Wyre) 25
". .....
D 0.1,4 SI) arcs (A).- 91 ..............
Leeds and Bradford
..... ...
Leeds, Dewsbury, &c.... 50
......... ..,
Do., Half Shares
Do., (blue) Scrip...... 21/2... - •••... .... ....
Leeds and Thirsk
Ditto, New ,..,... 75 .......... •.7
. ... 111 1111,.• P.