The Sun.
London, England, 1846-08-28 00:00:00

MONEY and COMMERCIAL NEWS.

CITY, QUARTER TO THREE.

There was a good demand for Cotton at Liverpool
yesterday. Sales 7,000 bales, about 1,000 of which
were on speculation and for export. The demand was
good both for export and the trade. Shares were dull
again.

In our Afternoon Edition of yesterday we gave the im-
portant announcement that the Directors of the Bank
of England had confirmed a resolution, passed, we
understand, by a large majority of the General Board,
which was held yesterday week. It is not necessary to
repeat again the notice. Opinions are very much
diversified as to what may be the result of this
change. Comparatively slight it unquestionably
is, but with all the elements of an increase of trade by
the skive operation of the new tariff—the maintainance
of friendly relations with all foreign powers—with a
rapid increase in the circulation of notes by the Bank,
and an unexampled stock of bullion—very many sound
men, in their opinions, look with some jealousy
to the consequences which may possibly result from
lowering of the rate of interest, the more so, as appre-
hensions are entertained in but ajlimited circle, that calls
for extension of railways must place the money market
in an unfavourable position. To our minds, however,
experience will show a state of things precisely
the reverse. So far from money being ex-
pended upon railways being a drag upon the
circulation, it must tend to give increased vitality to
the movements of the Directors of the Bank of England.
It would be, indeed, a waste of time to attempt to argue
the right of the directors to suit themselves, as
a Bank of issue, to the wants of the times, its
safe position being considered ; and although in
contradistinction to the repeated assertions of a leading
journal, that the reduction now made would tend to in-
jury, not to the advantage of the commercial body ; the
alteration is, upon the whole, considered sound in prin-
ciple, and no question must tend to help on the full de-
velopement of the advantages expected by the passing of
the Corn and Sugar Bills.
There are no late Colonial arrivals announced in the
City this morning.
Consols for the Account have been very firm this
morning at 96} and for immediate transfer at 95i, a
fall of one quarter per cent. on the opening value. Ex •
chequer-bills reached 20s. premium to-day, but are now
at 16s. Bank Stock commands 209. India Bonds are
at 28s. premium.

Mexican Bonds have remained at about 241 ;
Spanish Three per Cents. at 37 ; the Four-and-a-Half
per Cents at 971 ; and the Four per Cents at 944.
The Share Market is very firm this morning, and a
good deal of business is in progress.

BRITISH FUNDS THIS DAY AT ONE O'CLOCK.
(From the Official List.)

Bank Stock .. • • • • . • • • 209
Three per Cent. Reduced Annuities • • 96%
Three per Cent. Consols Annuities .. • • 96% 95%
New Three-and-a-Quarter per Cent. Anne. 98%
Long Annuities, Expire Jan. 5, 1860 • • 10 7-16 %
Ditto, 30 years, Jan.s. 1860 .. 10% 10 1-16
India Bonds, 1,000/. .. • • • . 214
Ditto, under 1,000/.
Consols for Oct. 14 ..
Exchequer Bills.
1,000/.
5001. • • • •
Ditto, Small

13d. .. .. 96%
I%d.
..•• 20 16 pm.
. .• •• 20 —— pm.
.... 15 20 pm.

PRICES OF FOREIGN FUNDS AT ONE O'CLOCK.
Brazilian Bonds, 5 per Cent • • • • 89%
Mexican Old, 5 per Cent .. .. • • 2451 %
Spanish Bonds, 5 per Cant.....—
Ditto, Passive Bonds .. .. • . 554
Ditto, Three per Cent .. • • • • 37
Dividends on the above payable in London.
Belgian Four-and-a-Half per Cent. 971/
Dutch Two-and-a-Half per Cents. 59%
Ditto, 4 per Cent. Certificates .. 9455
BUSINESS DONE IN RAILWAY SHARES AT ONE O'CLOCK.
RAILWAYS. PAID. PER &ux.
Aberdeen • . • • • • • •. 15 .. • . 8;4 .... to 931
Amber., Notting.,Boston, & Eastrn Jn. 2% 234 to 2
Birmingham and Gloucester • • • • 100 •• • • 128 •• to
Birmingham and Oxford Junction. • • 2 .. • • 6 .... to 6%
Bristol and Gloucester .• • • • • 30 5l .. -. to
Buckinghamshire • • •• • • 425. .. • • 141% dis. to
Caledonian .. .. • • • • •• 20 .. 16%.•., to
Ditto Half Shares .. • • • • 231 13x % to
Cambridge and Oxford •• •• 1% l4 34 % to
Chester and Holyhead .. • • .. 27% 261% .... to
Cornwall • • • • • . 5 .. • • 1 •• • • to 1%
Direct Northern .. .• 2% ... • 135% • • to
Dublin and Belfast Junction .. •• 10 • • 4'4 .... to _
Eastern Counties .. .• • • 14/. 16s. Od 2314 to 23
Ditto, New .. •• •• 10/. 16s. 0d.... • 7% p• • to
Do., Perpetual, 5 per Ct. No. 1, 61 13s. 4d.. •
Ditto, ditto • • .. N 0.2, 6/. 13s. 4d p to
Ditto, York Extension • • • • • . 10s. .. • • 214 %., to
East Lancashire .. • • • . .. 14 .. • . 22% .. • • to 23%
East Lincolnshire . • • • • • • • • • 1% • • % to
Edinburgh and Northeni • • .. .. 10 .. • • 10 .. ••to
Edinburgh and Perth . • • • . 3 .. • • 3%.. ••to
Goole; Doncaster. and Sheffield. &c.— 425. ...• 34 dis. to
Grand Union (Nottingham and Lynn) 1% %•• • • to
Great Southern and Western (Ireland) 25 .. • • 29 .... to
Great North of England .• •• •• 100 •.•• to
Ditto, New •• • . .. 15
Great Western .• •• 25 ••.•148 -•to
Ditto, Half Shares • • •• • • • • 50 . • 83% .. •• • to
Ditto, Quarter Shares • • .. •• 10 .. • • to—
Hull and Selby .. .. • • • • • • 50 • • 104 .. • • to
Ipswich and Bury St. Edmunds • • 9 .. • • 8% .. •• to
Ditto, ditto .. • • • • .. 2% ...• 2% to
Lancaster and Carlisle • • • • •• 43 .. • • 6431 .. •• to
Ditto, New .. 5
Leeds and Bradford .. .. •• 26
Leicester and Bedford .. • • .. 225.
Leicst., Tam., Bir., & Trent Val. June. 428. % dis. to
London and Croydon • • • • 13/. 15s. 9d. 231,4 %.• to
London and North Western • • ..100 .. —206% .... to
Ditto ditto New Shares .. . • • • 16 p.... to 15% p
London and South-Western 411. 63. 10d. •. •. 74 •• . . to
Ditto, New •• • • • • •• 1731 •. 2631 .... to
London and York .. •• 2%
Manchester and Leeds .. . •.82 .• —114% to
I)itto. Quarter Shares .. • • • • 2
Ditto, Fifths • • .. • • •• .. 3
Ditto, Extension .. .. • • • • 425.
Manchester and Birmingham .. • • 40 ...• 78 .. • • to
Ditto, Quarter Shares (A) .. • • 5
Manchester and Southampton .. • . 2 .. • • 1% .. • • to
Midland • • • . .• • • • • • .100 .• • • 140 .... to 139
Ditto, New •• .. • • • • • • 24 - • • to 37
Ditto, Birmingham and Derby • • 100 .• • ll5 .•. to 113
Newcastle and Darlington Junction • • 25
Ditto, New .. . • • • • .. 1 11% .. • • to—
Newcastle and Berwick •. • • .. 15
Norfolk • • • • • • .. 20 . 26% .. •.to
Ditto Extension .. .. • . .. 2 2/4%.. to
North laritish .. • • .. .. 25
Ditto, Half Shares .. 11
Ditto, Carlisle Extension .. 114
North Staffordshire .. .. • • 425. .. • • 3% 4p to 3% p
Oxford, Worcester, & Wolverhampton 1251
Portsmouth Direct • • 3% •• • • 514 • • • to
Reading, Guildford, and Reigate .• 425.
Richmond .. • . •• .• 10 •• 19 •• to
icottish Central .. • • • • • • • • 12% .. • . 19% .. • • to
Ditto New • • • • •• • • • • 2% •• • • 954 •• .. to
Shrewsbury and Birmingham . • 251 ••32% .. to 31%
Shropshire Union • • • •• •• • • 42s % dis. to
South Eastern and Dover .. •. • • 33% 44 43% to 4414
Ditto, New. No. 1 •• • • •20
Ditto, New. No. 2 .. • • • • 12 .. • 18 to
Ditto, New, No. 4 •• • • • • .. 234 ... • 3% .. ••
• to
South Wales .. .. • • •• • • 5 .. • . 4%%• • to
Vale of Neath • • • • .• 2 .. • • 111 •••• to
Warwickshire and London .. 425. .... % dig.. to
Welsh Midland .. • • •. • • • • 2% • • n •• to
West Riding Union .. .. • • 425....• 3%54 pto 334 p
York and North Midland .. .. • • 50
Ditto, Scarborough Branch .. 25
Ditto. Extension • • 2O .. • • 3954 .. •to
Ditto East and West Riding Extension 1
FOREIGN RAILWAYS.
Boulogne and Amiens • • • • .14 .. • . 13% i 4 .. to
Bord., Toulouse, & Cette (Mackenzie) 2 .. • • -:- .. • • to
Ditto, ditto (Espelete) •. • • • 2 ... • 1% .... to
Dutch Rhenish .. • • .. 6 .. 6 .. •.to
East Indira' .• .. • • • • .. 55. ...• to
Northern of France Constituted .. 5 . 13% %..to
Orleans and Bordeaux .. .. 6
Paris and Lyons Constituted • . .. 5
Paris and Strasbourg Constituted .. 5
MINES
Real del Monte. Unregistered •• •• •• to

LLOYD'S SHIPPIN G.—(THIS DAY.)
LONDON, AUG. 28.—Wind N.E., light breeze, and fine
clear weather.
DEAL, AUG. 27.—Wind E. to E.N.E.—Acrd. from the
River and sailed, John Edward, Dell, Bombay; Ruby, Stokoe,
Rimouski. Sld. her Majesty's ship Athol, eastward.
OFF BERRY HEAD, AUG. 25.—Cleopatra, M'Echen, Gre-
nada; Florian, New Orleans for Ilamburgh.
SOUTHAMPTON, AUG. 27.—Sld. Alacrity, Atkin, Quebec.
OFF TEIGNMOUTII, AUG. 27.—James Anders, Bowker, St.
John's, New Brunswick.
PLYMOUTH, AUG. 27.—Wind E.—Arrd. Industrious, Fraser,
Sierra Leone.
BRISTOL, AuG. 27.—S1d. Penn, Ball, Newfoundland.
NEWPORT, AUG. 26.—Sld. Robert Bruce, Young, Quebec;
27th, Pons /Elie, Mock, do.
LERWICK, AUG. 20.—Arrd. Forth, Rushley, Greenland,
with two fish, and sld. 21st for Hull ; 24th, Jane, Nicholson,
Greenland, with one fish, 300 or 400 seals, 25 tuns.
KILLSWICK (SHETLAND), AUG. 14. —A rr Venus,
Baxter, Davis' Straits, with 4,600 cod; reports the d.
Prince of
Wales, Lee, with eight fish, and the Traveller, of Peterhead,
with ten fish.

NEWHAVEN, AUG. 26.—The Vancouve, Howard, from
St. John's, New Brunswick, was in contact this morning off
Beachy Head with the Union brig, of Dunkirk, and received
considerable damage; the latter lost half mast.
. _ _

NORTH SHIELDS, AUG. 26 —The French Chassee Marie,
Alexandre, was recently fallen in with waterlogged and
abandoned, by the Scotch sloop John, arrd. here.
LIVERPOOL, AUG. 27.—Wind S.E. to S.W.—Arrd. Cham-
plain, Miller, New Orleans; Oregon, Gliddon, New Orleans;
Concordia, Dorr, New Orleans; Devonshire, Thompson, New
Orleans; Thomas P. Cope, Miercken, Philadelpkia. Sid.
John Wickliffe, Daly, Calcutta • Matilda, Kemp, Sierra
Leone ; Coverdale, Beverley, Rio Calcutta;
; Catharine Boland,
Porter, Jamaica; Lady Mary, Scott, Berbice ; Brewster, Lin-
coln, Mobile; Niagara, Russell, New York; Waterloo, Alden,
New York; Laura, Snow, Bucksport ; Corsair, Daly, Hali-
fax ; British American, Mills, Quebec; Queen Pomare,
Brewster,
field, Quebec
Richebucto Q..
E. D., Starks, Montreal. Off port,
Spring
CLYDE, AUG. 26.—Arrd. Clymene, Potts, Quebec ; Jeannie
Deans, Miller, Quebec. Sid. Palmyra, Campbell, Bombay ;
St. Mary, Whiteside, Jamaica; City of York, Quebec.
WEXFORD, AUG. 26.—Arrd.Torrance, Roach, Quebec.
WESTPORT, AUG. 25.—Arrd. Viola, Wilkinson, Quebec.
NEWRY, AuG. 25.—Arrd. Dolphin, Sullivan, Quebec. SIIIELDs, AUG. 27.—51c1. Hamilton, Reid, Boston, United
States.
HULL, AUG. 26.—S1d. Lena, Valparaiso.

The Hon. and Rev. Henry Robert Pakenham has
been licensed by the Bishop of Bath and Wells to the curac.v
of Compton, Somerset.
Lord Panmure, father to the Right Hon. Fox Maule,
Secretary at War, has given the ;um of I,COO/. towards the
Infirmary for the Relief of the Sick Poor at Arbroath, North
Britain.

POTATOES.—A curious circumstance attending a field
of wheat growing on the farm of Hudston has occurred. Last
year, the field being under green crop, potatoes were raised;
like many more in the neighbourhood, the crop proved a
failure, owing to the blight, in consequence of which the
sound ones alone were gathered in, and the diseased ones left
to rot on the field. No sooner had the spring time of the
year come round, than vigorous stems were observed shooting
up in every part of the field, indicating a state of health i❑
the tuber quite unexpected. The crop is prolific, and, what
is of greater consequence, both bulb and plant are free from
any disease. After reaping a plentiful wheat crop, the far-
mer has resolved to dig up the potato crop at the usual time. i
—Dundee Advertiser.