The Sun.
London, England, 1848-11-24 00:00:00

'IONIEY and COMMERCIAL NEWS'
CITY, QUARTER TO 7 ',REA.
The demand for Cotton at Liverpool yesterday was
brisk, and pr:ces had an upward tendency. The sales
were ( stimeted at 7,000 bales, and include 5.000 Ame-
rican, at 4id. to 51d.; 450 Pernams, &c., at Cid. to 5441.;
150 Egyptian, at 4V. to 64d : and 800 Surat, at 24d. to
311—Itailvvey Shares were firm, with a fair demand fur
good stock.
The Continental letters and papers to hand this morn-
ing seem to furnish a slight indication of improving
markets for some articles, and we understand by the
MariFfiester reports that there have been a few more
continental orders given during the last day or two.
The stocks of goods abroad are low, and there must be
a material replenishment whenever the demand improves.
Surprise is still expressed at the marked inertness of
our produce markets. The abundance of money has
had seemly any effect upon prices, although there are
certain articles which have been in greater favour. We
may instance particularly wool and cotton, both of which
are at higher prices. It is staples constituting a portion
of our food, whether as luxuries or necessaries, which
are lowest, and least remunerative to the importers,
though to a great extent because of the large supplies.
We should hail this as a direct advantage to the con-
sumer, but that we are aware of the improbability of
imports continuing to be made at a loss, as is too gene-
rally the case at present. The circular to bankers, no
mean authority in the monetary world, takes a very
hopeful view of the future. The writer states that
people are looking about for an opening to employ
their money, and that this is a sure precursor
of improvement, and of returning confidence after two
years of trial and prostration. Ile then gives his
opinion as follows:
There will be no revival of what Mr. Huskisson
called a wholesome spirit of speculation under our pre-
sent monetary regulations. Still we see ne reason to
doubt of a satisfactory revival of confidence and exten-
sion of business for a given space of time under our ex-
isting monetary system. If we cannot again soon reach
100, we may have eighty, while almost all other coun-
tries except the United States have sunk from sixty to
forty or thirty in their power of producing, manufac-
turing, and vending goods."
Perhaps a glance at the position of the country in re-
spect to its Bank note circulation may be appropriate
now that we aro presumed to be entering upon better
times. During the month ending the 4th inst., the
average weekly circulation in the United Kingdom was
34,675,0341, showing the gratifying increase on the
previous month of 2,172,4514, of which about 1,500,0001.
was in. England, over half a million in Ireland, and the
rest in Scotland. Harvest operations and sales have no
doubt much to do with the increase, but we hope trade
will further deve!op it, as the Bank circulation is still
4,000,0001. under the amount at which it stood in No-
vember, 1847, although the bullion even in the banks
which make a return exceeds by 3,000,0001. the sum
held at this time last year.
The West India accounts bring us the complaint so
prevalent of late of scarcity of money and dullness of
business, but they advise us likewise of beautiful
weather for the crops, cheaper labour, less competition
from the working of worn-out plantations, and more
confidence in the future ; all circumstances which may
surely inspire hope. As to the proceedings of Deme-
rara in withholding supplies, even the Co:onies most
dissatisfied with the withdrawal of protection, censure
them as shortsighted, and as calculated to recoil upon
the colony.
The Stock Market is rather heavy, but there is very
little doing. Consols realize 87+ I for Transfer, and
87i j for Account. Bank Stock has been at 188 to 189.
Exchequer bills are firm ut 41s. to 445. premium. The
rumour set abroad yesterday afternoon of an intended
change in the Ministry, excites very little attention, and
for the simple reason that it is not believed. East India
Stock has been at 234. The New Three-and-a-Quarter
per Cents. have been marked 861 4.
The Foreign Securities are generally fairly sup-
ported, but Portuguese Bonds have been an exception,
for they have receded to 25+ and 24 Spanish Three
per Cents. have Le en 244 to 25, and are looking well.
Mexican have touched 21 and 211, and it appears that
27,000 dollars have been received for the dividends.
This is still short of what was expected. Dutch Two-
and-a-Half per Cents. have been 47i to
.1, and appear
to be rising.
Railway Shares, though very quiet, are flat. Mid-
land, North Stafford, Great Western, Eastern Coun-
ties, Caledonian, and the York lines, have been rather
lower. Brighton and South-Eastern steady.
ONE CLOSING
P clf •Es OF hILITISH FUNDSI O'CLOCK. PRICES.
Bank Stock ... lBB 189 189
3 tor Cent. Reduced Arms. B6 861 86%
3 per Cent. Consols Annuities.-- 87%14 87%
New 314 perCent.Anns...... 86%%
Long Anns. to expire Jan.lB6o 8 11-16 %
India Stick 234 234
India Bonds, 1,000/.
Ditto under 1,0001. ...... 39 p 39 p
South Sea Stock ...-....
Ditto Old Annuities
Consols for Account.
Exchequer Bills. 2%d. & 2d.
1,(K)0/. March
1,000/. June 3B p 38 p
Small, March 4l:p 41p
Small. June
PRICES OF FOREIGN' FUNDS ONE CLOSING
O'CLOCK. PRICES.

Brazilian Bonds

-
72%

Ditto, New, 1829 and 1839 72%
Chilian-Bonds 6 per Cent-- .-
Ditto 3 ear Cent —
Equador Bonds
Grenada Bonds, 1 per Cent. —
Ditto, Deferred 2
Mexican, 5 per Cent. 1846 —
Ditto, Account
Peruvian Bonds, 6 per Cents — 34
Portuguese per Cents. —
Ditto, 4 per Cent —
Ditto, Account
Russian Bonds ... -
Spanish 5 per Cent. 1840.
Ditto, Passive
Ditto, 3 per Cent
Ditto. Account ... ....- ..... 243/4 25%
Dividends on the above payable iii London.
Dutch 214 per Cent., 12 Guild....• 475/8341,4 471,E
Ditto. 4 per Cent. Certificates 71% 71%
PRICES OF BUSINESS DONE CLOSING
i,A IL WAY SHARES. AT ONE O'CLOCK. PRICES.
3 berdeen PAID.
Amber. Nott., Boston,
and Eastern Junction 414 —
Ayrshire and Galloway.. 7
Belfast & County Down. 19
Birmingham and Ox-
turd Junct., calls duly
paid, or with a guaran. 20
Do, withoutguarau tee 20 .
oi. ruing, Wolverh'ton,
and Dudley, calls duly
pd, or with guarantee 10 —
H Do. withoutguarantee 10
Binning., Wolverh'pton,
and Stour Valley 13/. 145...
Birkenhead, Lancashire,
an Cheshire June.— 10 ......
Poston, Stainfd & Birm. 5
......
Bristol and Exeter 9O .... -
Ditto, Thirds
Luekinghamshire... 141. 4a
Caledonian .
Ditto, Half Shares .. 834 ...... ••••••
Do. New 10/. Pref..... 5 ... ..
Ditto,ClydesdaleJunc 50
Chester and Holyhead.- 50 —
Ditto, Prefetencc
Clarence ' 7814 —
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, 254 L. &
E. and L. and D...... 25 —
Do., 18L, E. & H.... 18
Do., 31.103.
Eastern Counties........ 20 ...„. 111 NA
Do. New Guaranteed

46%

13%

11%

6 per Cent. .... ..... 7% B3-, % ..... .......
Ditto, Extension, 5 per
Cent., No. 1 61. 13s. 4d....
Ditto ditto, No. 2 61. 133. 4d...
Do. North. & Eastern 50
Do., 5 per cent.
Do. Quarters ..- ..... 12%
Do. New
Eastern Union, Class A
(late E. U. Shares) 25
Ditto, Class A, ditto... 1
Ditto, Class B (L &
• and B.) 2O
Ditto, Class C, ditto... 20 .
1)o. Scrip (6 percent.) 10
Ditto, ditto
Ditto (C. & E.) guar.
5 per cent.-- ...... 21,4 .
East Lancashire
Ditto, New
Ditto, New Quarters 61,4 — ..... •••••
Do., 6 per Cent. Pre-
ference Quarters ... 651 ...... ••••••
East Lincolnshire ...... 25 , 24'l ... .... .......
Edinburgh and Glasgow 50
Ditto, Half Shares ... 15 ..
Edit' burgh andNorthem 25 ---
Ditto, Newport ls
Exeter,Yeovil, & Dorcb. 2% 134- .........
Glasgow, Dumfries, and
Carlisle
Gla.sgovr,Kilmar.,& Ayr 60 ..... „
Do. Preference Consol.
• ..... ado • .a.

Great Northern
Do., A Deferred ... 4 .......
Do., I/2 B 6 per Cent.
guaranteed ..... 41h 34
Do. Extension 2► ......
• ;reat South. and West

(Ireland) .. 421/2.... ... ... .• ..
Groat North of England 100 ......
Ditto, New, 401 4O
Ditto, ditto 25
Ditto, New, 30/ 3O
Ditto, New, 15/ l4 „ ,„
..........
.....
Great Western
Ditto, 1/2 Shares
Ditto, 14 Shares
Ditto, Fifths ...... ...... 20 •
Ditto, New 17/... .• •.. 13 ... — .........
Huddersfield and blanch. 30 — ........ .......
Ditto, Thirds . lO .. —
[lull and Selby .. ...... 50 —
Ditto, Half Shares ... 25
Ditto, 1,4 Shares ..... 121/2..... ....
..
Lancaster and Carlisle... 50
Ditto, Thirds ... ...... lt;
Lancashire & Yorkshire 93
Ditto, ditto ...... t 6
Ditto, 1/2 Shares 43 ... .. 291/2 •••• • 29 41
Do. Quarter Shares... 171/2 93/a ...
Do. Fifths .. 9
Do. Sixteenths 614
Do. Thirds (Reg.) l3 .. . .. ..• 34i
Do. New, Gua.6 per ct. 5
•• 5
Do. Liverp. and Bury 43
-...