The Sun.
London, England, 1846-09-25 00:00:00

MONEY and COMMERCIAL NEWS.
CITY, QUARTER TO THREE.
The Cotton Market at Liverpool yesterday was fully
supported. Sales, 10,000 bales. Shares were dull again.
Some particulars of very general interest, especially
to the readers of a " City Article," are contained in a
work upon Practical Arithmetic, by Mr. A. Nesbitt.
Upon the subject of the Funds the author is much
better informed than most parties uncon-
nected with the Stock Exchange, while he is
on that account also, the more impartial. He
states:—" The business of speculation in stock is founded
on the variation in the price of stock; and which varia-
tion it probably tends in some measure to support. It
consists in buying and selling stock according to the
views entertained by those who engage in this business,
relating to a e probability of the value of the stock rising
or falling before the arrival of some future period. This
business is partly conducted by persons of considerable
property in the Funds, with a view of making gain; but
a practice also prevails, among those who have no such
property, of contracting for the sale of stock on a
future day, at a price agreed on by the parties. For
example, A may agree to sell to B 1,0004 of stock, in
the Three per Cent. Consols, to be transferred in twenty
days, for 9601.; and this would be at the rate of 961.
per cent. A has, in fact, no such stock ; but if the
prim on the day appointed for the transfer, should be
only 941. per cent., he may purchase as much stock for
940/. as will enabe him to fulfil his contract, and thus
he would gain 20/. by the transaction. If, on the other
hand, the price of that stock should rise to 981. per
cent., then he would lose 20/. by his specula-
tion. The business, however, is generally settled
without any money purchase, or transfer of stock,
by A paying to B, or receiving from him
the difference between the price of stock on the day of
settlement, and the price' agreed on by the speculators.
" All the business, however, which is done in the
stocks for time' is not of a gambling nature. In a
country of such extensive commerce as England, and
especially in London, many opulent merchants,
who possess property in the Funds, and are unwil-
ling to part with it, have frequently occasion to
raise money for a short time to meet some unexpected
exigency. In such cases their resource is, to sell for
money, and buy for account ; and although the money
raised in this manner may cost a little more than the
usual interest, yet it affords an important accommoda-
tion ; and the transaction may be rendered strictly legal,
and the stock, or its value, become recoverable, by due
course of law."
At a late hour yesterday, the Commissioners of the
Admiralty decided upon tenders sent in for the supply of
salted beef and pork for the use of the navy. The
quantities required were unusually large—say 12,000
tierces of beef, and 18,000 tierces of pork. All the latter
was taken, but only 8,000 tierces of the former. The
beef is to be delivered at 71. Is., and the pork at 7/, 13s.
per tierce. We have received the following note
relative to the contract from an experienced firm. The
remarks are important at this period when the prices of
provisions are so high:—
" The contract for beef and pork was only taken in
part by the Government yesterday, the prices for both
articles being considerably higher than last year,
which confirms us in the opinion that additional chan-
nels must be opened for the Government to obtain their
supplies, or submit to most exorbitant rates."
The state of the Corn Market to-day is most satis-
factory to the farmers—not so for the millions. Prices of
wheat are up 2s. per quarter, notwithstanding the supply
is most abundant. The purchases were freely made.
Consols for Money and the Account are a shade
lower to-day. A sale of the former has been made at
95a, and of the latter at 95i. The premium on Exche-
quer-bills continues at I ls. to 14s.
Mexican Bonds are at 25 to Portuguese are flat at
404; Spanish are at 26i -a; the Three per Cents. at
371; the Dutch Two-and-a-Half per Cents. at 59-4-
arid the Four per Cents. at 95. The Chilian Six per
Cent. Bonds have realized 101.
Railway Shares have not been dealt much in to-day.
atm CLOSENO
PRICES OF BRITISH FUNDS. O'CLOCK. PRICES.
3 per Cent. Consols Annuities 95%1/2 951 A
Long Annuities toexpire Jan.lB6o
Ditto 30 years, Jan. 5, 1860 lO 1-16 10 1-16
South Sea Stock
Ditto New Annuities ... 95 95
Consols for Account—. .......... 955/6a4 95%
Exchequer Bills, 1,000/., 1%d.... 11 14 pm. 14
Ditto 5001.
Ditto Small

OXE CLOSING
O'CLOCK PRICES

PRICES OF FOREIGN FUNDS.

Chilian Bonds 6 per Cent.....• 101 101
Danish Bonds, 1825, 3 per Cent 88% 88%
Ecuador Bonds -3%
Mexican, 5 per Cent. 1846 —
Ditto. Account ... ...... ..... 25%1% 25 24%
Portuguese Bonds, 4 per Cent .. 401% 401/4
Spanish 5 per Cent. 1840. ' —
Ditto, Account

. _
.......-
Ditto: 3 per Cent
Ditto, Account
Dividends on the above payable iu London.
Belgian 41%z per Cent
Dutch, 2% per Cent .
Ditto, 4 per Cent. Certificates 944 95 95
PRICES OF BUSINESS DONE CLOSING
RAILWAY SHARES PAID. AT ONE O'CLOCK. PRICES.
Aberdeen
Amber.. Nott., Boston,
and Eastern Junction 2%...... 2% 2%
...

Armagh, Coleraine, and - -
Portrush l%
Aylesbury and Thame— 1% ••• •• • ......... ...^
Belfast & County Down 21/2 — .
__.

Birmin. and Gloucester. 100
Ditto New l7l/2
•••• ••• 000000

Birmingham and Ox-
ford Junction

. _
Birkenhead, Lancashire,
and Cheshire June.... 23/4 .
Boston, Stamfd, & Birm. 223. — ... —
Bristol and Exeter 75 —

Ditto, New - 10
Bristol and Gloucester...
Bristol and Liver. June .
Buckinghamshire

Caledonian

Ditto Half Shares..„„ 21/i 1%......•• ..... 1%
Ditto Extension
Cambrian & Grand June 42s ......
Cambridge and Oxford.. 1% l3/4 l3/4
Central Kent
Chester and Holyhead... 27% 24% .. 24%
Claurnet and Blythe
Chester and Manchester 425.
Cheltexham and Oxford 2 ...... . —
C lydesdal e J unction ..... 15
Cork, Blackrock, and
Passages

Cork and Killarney ... 2%
Cork and Waterford ... 1% —

Cornwall -
Ditto, Half Shares ... 21h...... ......
Cornwall & Cent'lDevon 2% -
I )erby and Crewe 2% .....
Direct Lincoln, East Ret- _ .

ford, and Sherd. June. 2% .0
Direct Manchester

( Remington's)
Ditto (Rastrick's) 5%...... - .. .... -.
Direct Northern
Direct Norwich
Dublin and BelfastJunc. 10 — -
Dublin, Belfast, and
Coleraine
Dublin and Galway..... 4
Dundalk & Enniskillen 7%
EasteniCounties 141. 16s 21%1,4 21%
Ditto New lOl. 16s. —
Ditto Perpetual, 5 per
Cent, IN o. 1. 61.135. 4d....
Ditto ditto. No. 2... 61. 13s. 4d... -
Do., York Extension.. 105....... 2 1% l%
EastDereh'm andNoech 1
Eastern Union 35 .. ...

Ditto, Quarter Shares 83/4 ...............
Do. Exten.(Harwich) 1 li3 — •.•.••••• ••••• _
Do., Canal). and Ely.. VA.— 22
East Lancashire
2,t13/4•••• *******
East Lincolnshire ...... 1i4••••••
tast & West of England 1),..„ —
Edinburgh and Glasgow 50 ...•• 72
Ditto Half Shares ... 10
Ditto, Quarter Shares 121 j% ....,
Edinburgh & Northern.. l 2 v 2 — ... .........
...
Edinburgh and Perth... 3
Ely and Huntingdon ... 71/2 ......
Enniskillen and Sligo ... 2j.
Exeter, Yeovil, & Dorset 51%
Glasgow, Kilmar.,& Ayr 50
Ditto, New .. 15
Do., 14 Shares (5 per
cent. guar.)
Glouc.,Abei ystwith, and
Central of Wales 1%....•. -
Goole, Doncaster, Sic... 425.
Grand Union (Notting-
and Lynn
Great Eastern &Western 2% ...
GreatGrimsby and Shef.

field

Great South. and West.

(Ireland)
Great Munster ... 2%
Great North of Scotland 2 %...... :......
Great North of England..100
Ditto New
Ditto, New .
Ditto, New
Great Western B5 138
Ditto % Shares •• 50
Ditto 14 Shares
Ditto Fifths
Ditto, New
Guildford, Fare'in, Ports. 5 ..„
Harwich and Eastern
Counties Junction ... 2 ...... --
Hull and Selby 5O 105%
Ditto 14 Shares
Do. Half Shares 25
Ipswich & Bury St. Edrn. 1114--
Do., do., and Norwich 21/2
Irish North Midland ..• 1%
Killarney Junctions ll% .--
Kendal and Windermere 11,‘ _
LAncaster and Carlisle... 45 ••• —
Go. New
Larne, Belfast, and Bal-

lymena
Leeds and Bradford
Leeds and Carlisle
Leicester & Birmingham 225. — •• • ....... ••• • --
Leicester and Bedfard... 225.
Leeds and Dewsbury ... 17%
Leicester and Tam w., &c. 425.
Lpool., MochStr, & New-
castle Junction
Liverpool and Bury
London and Blackwall. 16/. 135.4 d. 8 ill 8
Do. New - ...... •• ••• •• -
Ditto Extension ~ 5 ...... .. —
L didon and Brighton 5O .. ... 593/4 % 591
Ditto, Fifths
London and Croydon, 13/. 15s. 9d. 21% 2l %
Do.Gs.:aran.s per cent. 9 - 9%
LondonandGreenwich 12/ 15s4d —

Do. Preference ...18117s 2d
London, Hounslow. and
Western -
.

London and N. Westernloo 2Ol 2001 ...
Do. Quarters
Do., co., New Shares. 2
Ditto Fifths
Ditto, Eighths (G. J.) 121/2 — ,
Do., New 113, Shares
(G. J.)
Do 40/. Shares (L. M.) 8 - ,
Lon 3. & S.Westein 411 6s 10d 7014 691/2 .... 6914
Do. New Consd. Bths 40
Do. New
1)o. New
London ar.d YOlk 2l/ 2 .. 2
Do. % Shares - ......... ~... -"-
London and Windsor . I,b — - ,
London, Salisbury, and
Yeovil
Londonderry & Coleraino 12%...... ...... ......... 5
I oadonderry and Ennis-
killen I2IA
Lynn and Ely
16 A ,

Lynn and D;reham l5 - • 4 *• •
Manchester and Leeds... 82 llO 1081/2 lOB
Ditto IA Shares

7
. .. ..
Do. Quarters 2
Do. Fifths 3 . .... 91% 9IA
Do. Sixteenths 64 -
Do. Extension 425......
Manchester and Birmin. 40
Do Quarters (A.) --

Do. Quarters (B) ... 5
Do. Quarters (C) 1

Manchester,Buxton,and
Matlock 425....... 1 4 p.... IIA P
Manchester, Birm., and
Mould Junction .. ...

Manchest. & S All hampt. 2 ...... --,
Midland ......100 .....1371/._ 1374
Do. Fifths 2 -
Do. 'New
Do. Birm., and Derbyloo -
Midlud& East. Counties 2%...... -

Midland Great Western •
Irish
New cistle asd Berwick 15
Do. North Shields ... 25
Newcastle and Carlisle...100
Newmrket &Chesterfrd 2/.12s %% P % P
Newport &Abergavenny 2% „,...
Newry and Enniskillen 4% — «..... «..... .-- •
Newark, Sheffield, and _ . .

Boston ... .. l% ..
... -. ... 00000000 • • at.o. ,
Norfolk 100 -
Do. Half Shares
Do. Extension -
North British
Do. Half Share s
Do. Fifths 5 -
Do. Carlisle Extens. VA 3% 4 4
North of Norfolk 2% — .... •••• .....
Northern and Eastern... 50
Do. Scrip (issd. 5 dis.) 45
Do. Quarter Shares... 12% ..- -
Do. New - •• ••. 000000 • • •••••
N. Kent & Direct Dover 2% --__ . ...... . .-...
2-14 p

North Staffordshire 234 3 2% p...
North Wales
Northern and Southern
Connecting

Northampton, Banbury,
and Cheltenham 2 — --
Nottingham & Mansfld.
Oxford, Worcester, and
Wolverhampton
Oxford, Witney, and
Cheltenham.., -
.._

Portsmouth Direct . 3ll/4 •
Preston and Wyre
31%..

---
Do. 1/2 Shares
Reading, Guildford, and trl
Reigate
Richmond
Rugby, Leamington,and
.
Warwick
Scottish Central
Do. New 21A...... ...,
Scottish Midland
Do. Extension 2l/2.
Sheffield, Buxton, Leek
..•
Potteries, andCrewe... 1%
Sheffield & Manchester 100
Do. Quarter Shares... 8
...
Do.LincolnshireJunc. 11......
Do. & Great Grimsby. 10
...
Do. do. Extension 425. .... •••• •••• .

Shrewsbury and Birm...
.21%.... .

Shropskire Union
Shrews., Wolverhamp.,
&S. Staffordsh. Junc. 21/2
Sligo and Shannon l%
South Devon
South Midland 42s.
South & Midlands June. 425......
South Staffordshire Junc. 21/ —
South Eastern & Dover. 331/8 3914

De., No. 1 2O
Do., No. 2.
Do., No. 3
Do., No 4

St.Alban's, Hatfield, and
Hertford Junction ... 425. —
Staines and Richmond... 1
Staffordsh. & Shropshire 23/4 —
South Wales 5 33/4 4
Swans. & Loughor & Ca-
meron's Stm. Coal. 2
Taw Vale Extension ... 2 ••• •• ••••••••
Tring, Reading, and
Basingstoke 51% —
Vale of Neath
Wakefield, Pontefract, &
Goole 221/2
Warwickshire & London 425. l/2 dis
Warwick and Worcester 425.
Waterford and Kilkenny 8
Waterford and Limerick 221/2
Wate#ll,Wxfrd,Wieklw,
and Dublin
Wexford, W ate rford, and
Valenta
Waveney Valley 2
Welsh Midland
..

West Riding Union .....• 425.' VA p .•••
West Cornwall ...... 2 ... .. .•
WestLondon,Old Shares 20
Wexford and Carlow ... 2%
Wisbeach and St. Ives... 2

1;Cli.

"3-9-14

.... ,
% do

272?

Wilts, Somerset, & Wey-
mouth
Worcester,Hereford,Ross,
and Gloucester 42s. —
Worcester, Tenbury, and
Ludlow
.•
Worcester, Warwick, and
Rugby
York and Carlisle
234 ... ..•...
York and Newcastle...... 25 ... .... ..•
Ditto New 1
York and North Midland 50
Ditto 1/2 Shares
Do . Scarboro' Branch. 25
Do. Selby 40 — 'sone ..... ... •
Do. Extension 2O —. .• •• •••••....
Do. East and West Rid-
ing Extension
FOREIGN RAILWATS.• _
Anglo-Belgian....
Barbadoes 1
—• ........ ••• ••••
Boulogne and Amiens... .. •
••
14 — ...,... ...
Bordeaux & Mediterran. 2 - ....••
Bordeaux,Toulouse, and
Cette (Mackenzie's)... 2 -.
..•••••••••••••
Do. (Espelete's) . ..... 2 -. ..............
Calais, Dunkrk, and West
Flanders
2 Off... ...............
Calcutta and Diamond
Harbour ....... ..... - ...............
Callao, Lima, and Pacific
Coast 1 ...... .•• ......••••
Central of Spain .....
....
Ceylon ss.
••• •• ••.. ...........
Demerara
Dendre Valley ••
5%. ....
Dutch Rheni5h........... .
Direct Bombay and 2:
. -
...........
•••
••••••
Great Indian Peninsular ss. ...... —.
EastEis at
dernrMadras
‘
Belgian Indian.......Junct..n... 521: ......
I-
Fampoax & Hazebrouk 4
Great Western Bengal... ss. - ••• ........ ...•
Great Western Canada... 314
Italian and Austrian... 3
••• '
Jamaica S.Mid. Junction 1
Jersey • ... 1 -
Louvain i. la Sambre ... 5 ... . 5/0 %••• ..... ••" 15
Luxembourg...
Lyons and Avignon
Madras
Madras, Nellore, and /A
Arcot
Madrid and Valentia.... 2 ...
Mzo ritius

lo

Namur and Liege
Na of France Constituted 5
North Jamaica 1 - ....... - ...... „,„..
Orleans and Vierzon ... 10
Orleans and Bordeaux... 6 .....• ..... i • ••••••woo .....
Over Yssel 4l 3s 4d
Paris eeLyonsConstituted 5
Paris and Orleans 2O
Paris and Rouen 2O
•• •••••
t'aris and Strasbourg ,
Constituted
_ _

Rouen and Havre
Sambre and Meuse
8 •••• ............
Strasbourg and Bale
St. Laurence & Atlantic
Tours and Nantes Con-
stituted ..... 5
Tourney, Jurbise, Lan- •••
den, and Hasselt....... 8
Trinidad
West Flanders ...... .... 6
MINES. SS
Real del Monte Unregd. 3%
AVA
LLOYD'S SHIPPIN G.—(THISao
LONDON, SEPT. 25.—Wind W.S.W., light breelei
cloudy. Afr's
DEAL, SErT. 24.—Wind W.S.W. to W.N. 1/ <OA.;
Aden, Waddell, Hobart Town ; John Woodhall, Lautocr";
Lady Howden, China ; Humayson Cameron, ditto; A 5 -tilt'
Royal, ditto ; Exeter, Calcutta ;Castle' Ellen, Rensporf.
Oriental, ditto • Schella, Coleman, ditto ; Emma, SII3b j$0";;
Ostrich, Smith,' Madras ; Herefordshire, Richards°l%
bay ; Iris, Trevett, Mauritius • Mary Ann, Grey, AU' rti„,o
New Express, Hewitt, Cape Of Good Hope; StateiNe,
man, Cobija ; Romulus, Algoa Bay ; Rio Packet, Wilt.
Janeiro ; Cadet, Cukev, Trinidad ; Adelaide, Dove% .-'111•0
cent; Susan King, M'Lean, St. Lucia; Castle Lochlarh ""aitto!
Jamaica ; Duke of Manchester, Murray, ditto ; Jubilee' ditt°!
Patriot, ditto; Ruby, Allen, ditto; Commodore, MoYrolifiele'
St. James, Meyer, New York ; Eight Sons, Morrison, od:
Oronoco, St. John's, New Brunswick; Robert RankiNfealif,
ditto ; Florida, Quebec. Arrd. from the River, Tory, •• pro,
Norfolk Island ; Lady Kennaway, Avery, Algoa Ds/
low, Watson, Jamaica ; Industrious, Weeks, Charlestonjoete,
Duflus, Thomson, St. John's, New Brunswick ; PO;
Prieston, Halifax. Sld. Prince Albert, Sebor, Nel 000
G
The Antonia, Rogerie, reported as on shore on the ""
Sands yesterday, has become a total wreck.
LIVERPOOL, SEPT. 24.—Wind W.N.W., fresh. :)&-ift
Benjamin Hooper, Launceston, sld. May 22; Parri°"Grio",
Rodalick, Calcutta; Mary Somerville, Johnson, ditto;
lay, Perkins, Madras; Camillus, Ashton, BornbaY ;1011,,
Rio Grande •, Mary, Withycombe, Brass River, sld.
and Fernando Po 11th; Castries, Hind, St. Lucia;
pab
rence, Hageden, New Orleans ; Tinnessee,Pray, ditto ;icideo,
z,kotield, Mobile; Remittance, Prince, Char1e,t0n;,,,%013'.,!
Cobb, New York; Liverpool, Eldridge, ditto; UDs
Rathbone, ditto, sld. Ist inst. • Anglo-Saxon, Our'
ton, sld. sth inst. Off port, Milicete.