The Sun.
London, England, 1848-09-30 00:00:00

MONEY and COMMERCIAL NEWS.
CITY, QUARTER TO THREE.

The Cotton Market at Liverpool yesterday was
steady. Sales 4,000 to 5,000 bales. Prices this week
have been barely supported.
Railway Shares had not been much dealt in, and
prices were very flat.
The Foreign Exchanges yesterday afternoon were
rather higher.
In reference to the proposed French loan, noticed a
day or two since, under this head, Messrs. Devaux have
forwarded the following letter :
" Sir,—As the article which jou extracted from the
Moniteur, in reference to a French loan, might lead to
an erroneous conclusion respecting some representations
contained in the circular we issued, on the 25th instant,
for private circulation, but which found its way into
the public papers, we are unwillingly compelled, in jus-
tice to ourselves, to submit at foot copy of the letter
written yesterday by Mr. C. Devaux, to the French
Minister of Finances.

"Trusting you will oblige us by inserting the present,
we remain, Sir, your most obedient servant,
"C. DEVAUX and CO.
" 62, King William-street, Sept. 29.
" COPY —(Translation).
" London, Sept. 28.
" Monsieur le Ministre,—l have ri ceived the letter
which Monsieur Salvador, the chief of your Cabinet,
addressed to me yesterday in reply to the one I had the
honour-to write to you on the 25th instant.
"You inform me that the French Government is not
disposed at present to contract a new loan.
"In conformity with that announcement we immedi-
ately made the following notification to the Stock Ex-
change:—
_ _ _

" London, Sept. 28.
" Messrs. C. Devaux and Co. beg to give notice, that
in consequence of official communication received this
day from the French Minister of Finance, they with-
draw for the present their proposal to open a list of sub-
scription for effecting a French loan.'
"In this state of things I can only regret having ac-
tually called the attention of our friends and corres-
pondents to this subject.
" I must however call to your attention, that the con-
ferences which I had the honour to have with you, Mon-
sieur le Ministre, clearly established, that if a loan of
three hundred millions of francs was offered to you, you
were disposed to negotiate it. You ever expressed to me
your readiness to negotiate at once, with the understood
reserve of the approbation of your colleagues of the
Chamber, if I could support a firm offer by a deposit;
and as I was not yet in a position to do so, you engaged
me to leave at once, and to lose no time, as from day to
day an offer might be made to you.
" I was, theretive, justified in taking, within the limits
of reserve I imposed upon myself, the necessary arrange-
ments for making you an effective offer. I should have
done so earlier it I had not feared, by addressing myself
to our friends for a new loan, obstructing your conver-
sion of the Paris and Lyons shares, and the payment of
the call which was to take place on the 20th, and on the
last loan.—l am, &e.
(Signed) " CHARLES DEVAUX."
It will be remarked from the above that the loan, as
far as the present parties are concerned, has been aban-
doned, but with the certainty almost that either here or
in France it must speedily again be brought forward.
The Bank of England averages are affected at the close
of the quarter by other causes than those which usually
act, and the decrease of circulation arises from augmented
public deposits as much as from dullness of trade. The
bullion last week was augmented a little, and there were
more loans made upon Government Securities, or else
purchases were affected. The following are the items
in the return compared with the previous week:—
Notes issued 27,237,435
Increase 38,695
Rest
Increase
Public Deposits 6,799,283
Increase
Other Deposits 8,691,777
Decrease
Seven Day and other Bills
Decrease
Government Securities
Increase 100,433
Other Securities
Increase
Notes

Increase
Bullion
Increase 42,400
Active circulation
Decrease
The amount of bullion and specie exported from Lon-
don this week has been 18,400 ounces of silver and 654
ounces of gold.
In the Stock Market there is very little doing to-day,
and the quotations remain as nearly as possible the same
as yesterday. Consols are 854 to 86 for Transfer, and
86 to for Account. Exchequer-bills of March have
been 295. to 325. prem., and India Boads 28s. to 30s.
premium.
The Foreign Securities have been very firm. Portu-
guese Four per Cents. have realised 24, and Spanish
Three per Cents. 234. Mexican have improved to 17-i
and 18. This Stock is in favour just now. Dutch
Two-and-a-Half per Cents. are 454, and the Four per
Cents. 714. Peruvian Stock is at 291.
The Railway Share Market has been heavy again
to- day.
ONE
PRICES OF "ItETTISII FUNTIL O'CLOCK.
8 per Cent. Consols Annuities. 85% 86
• ndia Stock
India Bonds, 1,000/. ....... ...... 30 28 p
Ditto under 1,0001. ...... 28 p
Consols for Account, Oct. 17
Exchequer Bills. 24d. & 2d.
1,000/. March
1,0001. June ......
5001. March...
Small, March 33 29 p 29 p
Small, June
PRICES OF FOREIGN FUNDS corE CLOSIN t,
O'CLICR. PRICES.
Mexican, 5 per Cent. 1846 17%34 184
Ditto, Account lB 1811X1 1814
Peruvian Bonds, 6 per Cents 29:14 29:Y1
Portuguese 5 per Cents.
Ditto, 4 per Cent .. 24
Ditto, Account 24
Spanish 5 per Cent. 1840.
Ditto, Passive
Ditto, 3 per Cent ...
Dividends on the above payable in London.

CLOSING
PRICES.
86

Dutch 2% per Cent., 12 Guild.... 45 45
Ditto. 4 per Cent Certificates 7114 7114
PRICES OF PAID. DONE CLOSING
RAILWAY SHARES. PAID.
AT ONE O'CLOCK. PRICES.
Aberdeen 5O ..... 16% 16%
Amber. Nott., Bosten,
and Eastern Junction 34„.„..
Ayrshire and Galloway.. 21/2
Belfast & County Down 171/2 ......
Birmingham and Ox-
ford Junction .... ... 20
Birmingham, Wolver-
hampton, and Dudley 10 .....
Birming.,Wolverh'pton,
and Stour Valley 13/. 145... 5 dis 5 dis
Birkenhead, Lancashire,
and Cheshire June.... 10 ...... ............•••
Boston, Stamfd & Birm. 5 ... ..
Bristol and Exeter B5 ••• -
Ditto, Thirds ..„
Buckinghamshire... 14/. 4s.
Caledonian „ 5O
Ditto, Half Shares .. 834
Do. New 10/. Pref.....
520%...
Ditto,Clydesda
•••
Chester and Holyhead... 47% — .••...„
Ditto, Preference l5 ......
Clarence .................. 7814
Do. Ist Class, 6 per Ct. 10
Do. 2d Class, 5 per Ct. 10 ...... ...
Do. Government Loan,
10
...... ••••
month & Ports-
514 — ......... .•••
Direc4tpLero Cndeonnt.
Dublin and Belfast June 3O
Dundalk & Enniskillen 20
East Anglia, 25/., L. &
E. and L. and D...... 25 ......
Do., 18/., E. & H.... 18 ......
Do., 31.105.
Eastern Counties........ 20 ...... 12%34.....
Do. New Guaranteed
6 per Cent.
Ditto,Extension,s per
Cent., No. 1 61.135. 4d....
Ditto ditto, No. 2...6/. 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 B.) 2O
Ditto, Class C, ditto... 171,x...•.
Do. Scrip (6 percent.) 10 ...... .
Ditto, ditto
Ditto (C. & E.) guar.
5 per cent............ 21L ..
East Lancashire ........ . 25
Ditto, New
Ditto, New Quarters 6
Do., 6 per Cent. Pre-
ference Quarters ... 414 —
East Lincolnshire ...... 23
Edinburgh and Glasgow 50 .....
Ditto, Half Shares ... 15 .. .. •••
Ditto, Quarter Shares 121/2......
Edinburgh and Nor thern 25
Ditto, New.. 614 —
Ditto, Newport l3
Ditto, ditto, New
Exeter,Yeovil, & Dorch 2t
Ditto, New ... —
Glasgow, Dumfries, and
Carlisle
Glasgow,Kilmar , & Ayr 50
Ditto, New ..
... ••••• I
... •••
Do. Preference Consul. 15
...._
......
Great Northern
Do., London and York 2%...... ... ...

BN3

9%

43/
ti

ireat South. and West
(Ireland)
Great .North of England 100 ... •
Ditto, New, 40/ ...... ... 40 ......
Ditto, ditto l5 ...... .. ...... •....
Ditto, New, 301 3O ...... ......... ...... ._
Ditto, New, 151 l4 .. .. •.._
Great Western 9O ... .. 6
Ditto, I,¢ Shares 5O ...... 431/2 41 ......
... 76
44
Ditto, 1% Shares
Ditto, Fifths.
Ditto, New 17/.. .. .. 13 ...
Huddersfield and /Ranc. 28
....
Ditto, Thirds ......... 9 ...„ _ .......... .....
Hull and Selby .. ...... 50
_. ••• ...........
Ditto, Half Shares ... 25 .....
Ditto, IA Shares
/2 .. ....
LancasteiiiirreanihayCraoerrokli
...
435:3
...
......,
.........: ..
..
........... i
Ditto, Thirds
.
Ditto, ditto ............ 86
Lancashire
............ —.
11.11 .11 ..... ...... 199•11.• NM i