The Sun.
London, England, 1846-04-13 00:00:00

MONEY and COMMERCIAL NEWS.
CITY, QUARTER TO THREE.
The sales of Cotton at Liverpool on Saturday were
6 010 bales, half of which were on speculation, and half
for exportation. Shares were steady generally.
The communication received from the office of Com-
mittee of Privy Council for Trade, by the Secretary or
Registrar of Joint Stock Company's Registry Office,
stating rather precisely the intentions of Government
relative to abortive, or ill-conducted new railway pro-
jects, has been the subject of almost general conversa-
tion in the City, among moneyed and commercial men,
This important document will be found in grips
then column of The Sun, and it is worth the most
attractive perusal. There may be many useful improve-
ments made in the Bill to be brought in by Government
in the course of its progress through Parliament. A
proposal, urged in some quarter is, that scripholders
should be c.,nsidered entitled to vote for the dissolution
of any project to which they have been allotters of
shares, from the day Sir Robert Peel gave the outline of
the intentions of the Ministry, meets very general: sup-
port, as it is already known that many parties, who have
paid their money, or are under a responsibility to do
so, have been induced to sell their interest at a greatly
reduced value, the buyer of course in such instances
coming in for all the profit that may arise from the ope-
ration. Very many other points, well worth a remark
or two on another occasion, to make the Bill as perfect
and stringent as possible, have been communicated. The
great point to be gained is, that the intentions of Govern-
ment should not be defeated by any underhand work on the
part of solicitors, of scheming managers or committee-
men, who of course, if they can relieve themselves from
responsibility, will drain the funds in hand, or calculated
upon, to the uttermost, before they consent to the aban-
donment of projects, the continuation of which so well
filled their pockets. It has be en suggested that a public
meeting should be convened, at which delegates from all
scripholders or allottees might attend, to take
means of compelling the winding up of doubtful,
bad, or other schemes, the parties connected with which
a e anxious to have such affairs brought to a speedy
termination. Many difficulties, now in the way of the
b eneficial working of the Bill to be introduced by Go-
vernment, might at such a conclave of parties most
fully acquainted with the subject, be removed, and the
measure of the Ministers rendered more efficient and
complete.
There are not any late arrivals from the British colo-
nies to-day.
By an official return of the circulation of the Irish
Banks for the month, ending on the 28th of March, it
appears that the amount of bullion in the sister isle at
that date, amounted to about 2,500,0001. It has been
previously explained that when the late Act of Par-
liament came into operation, compelling all banks
in Ireland to have a certain amount of specie, according
to their issues, the stock of the precious metals in the
coffers of the Bank of England were lessened very
considerably, but the effect of the new law has been to
give more stability, if possible, ti,an before existed to
the Irish banking business, a continuance of which must
of course have tke most beneficial effects in increas-
lug confidence on the other side of the Channel. All
the banks chartered, as well as private or joint-stock,
seem by the present return to be doing a safe and a
lucrative business.
The Consol Market has been scarcely so firm this
morning as it was on Saturday, but the re-action in
value has been slight. Consols for Money, and for the
first transfer-day, to-morrow, have been quoted at 968 4,
for the Account at 961 and ; Exchequer-bills at 245.
to 275. premium; the Reduced Three per Cents. at 95/
while the New Three and a Quarter per Cents. have re-
ceded from 971 to 964. India Stock has fallen from
2611 to 261; and Bank of England Stock from 2064
to 206.
There has been a slight reaction in Mexican Stock
this morning, the official notification of the amount re-
ceived by the Avon, on account of the dividends being
smaller than was anticipated. This is, however, easily
accounted for, as the Conductor had not arrived at Vera
Cruz when the mail left, supposed to have over 2,000,000
dollars, on merchants and other interests, with it.
Mexican Bonds opened at 328, and are now at 311.
In the Portuguese. Bonds there is an advance to 574 ; in
the Dutch Four per Cents., to 921 ; in the Two- and-a-
Half per Cents., to 59/ ; but Spanish Consols have gone
back to 25. Old Brazilian Five per Cents. continue at
about 801.
In the Railway Share Market, the proposed measures
of Government, in order to enable shareholders and
scripholders to compel the winding up of new projects,
continues the theme of anxious discussion. In the mean
time, there is not much doing in Railway Shares, bu
prices are more firm.
BRITISH FUNDS THIS DAY AT ONE O'CLOCK
(From the Official List.)

Bank Stock .. • • • • .. • • .. 206 X 206
Three per Cent. Reduced Annuities .. 95% X
Three per Cent. Consols Annuities .. 96% %
New Three-and-a-Quarter per Cent. Anns. 97% 968 X
Long Annuities, Expire Jan. 5, 1860 ..
Ditto, 30 years, Jan. 5, 1860 .. 10 7-16
India Stock • • • • • • 261% 261
India Bonds, 1,000/. • • .. • • .. 25 28
Consols for Account • • .. .. 96% %
Exchequer Bills. 1 qd. I%d.
1,0001. • • .. • • • • 24 27 pm.
5001. • • •. • • •• 24 27 pm.
Ditto, Small 24 27 pm.
PRICES OF FOREIGN FUNDS AT ONE O'CLOCK.
Brazilian Bonds, 5 per Cent .• .. 8034
Mexican Bonds, 1837, 5 per Cent • •
Ditto, for the Account .. • • 32% 313
Portuguese Three per Cents. • • 57%
Spanish Bonds, 5 per Cent. .. .. 25
Dividends on the above payable in London.
Dutch Two-and-a-Half per Cents. 59% %
Ditto, 4 per Cent. Certificates .. 92%
BUSINESS DONE IN RAILWAY SHARES AT ONE O'CLOCK
RAILWAYS. PAID. PER SHARE.