The Sun.
London, England, 1848-06-08 00:00:00

I MONEY and COMMERCIAL .NENITS.
CITY, QUARTER• TO THREE.
In the Liverpool Cotton Market yesterday the sales
were 3,000 to 4,500 bales. Prices had still a downward
tendency. American realised 3id. to 34e1. per lb.
Railway Shares were very flat, and the quotations still
drooped.
There appears to be nothing in the continental advices
calculated to strengthen confidence in the settling down
of political affairs in Germany, but the prostrate condition
of Austria bids fair for the early emancipation of Italy.
The Danes are stated to be in a critical position having
the German forces nearly round them; but if so, their
powerful allies may probably come to the rescue.
The Bank of' England, it appears, without any formal
intimation upon the subject, is charging, in some cases,
as its minimum rate, three per cent. for advances upon
Bills and Stock until the dividends are paid. As there
is no want of money in the City, and parties have for
some time past been enabled to procure accommodation
upon terms as low as those above-mentioned, from most
of the discount houses, the effect of the Bank policy is
chiefly to indicate the impression that the money market
is likely to continue easy.
In reference to a eubjeet involving a very large amount
of money, viz., the claims of tradesmen upon railway
and other companies, a pamphlet has appeared which
will prove welcome to the unfortunate parties whc, by
the "glorious uncertainty" of the law, or rather of its
administration, have been unable to obtain payment of
their claims. The title of the brochure, the "Conflicting
Judgments in recent actions against Provisional Com-
mitteemen freely discussed," will explain its object, and
possibly may attract attention in the right quarter. The
contrary decisions already given are a positive disgrace
to our courts. As the writer fairly remarks—
"Now let us look at the opinions held by those very
judges. In the beginning of 1846 we find Baron
Parke in a case tried at Maidstone thus reported :
" Mr. Baron Parke told the jury, by consenting to act
as a provisional committeeman, the defendant gave au-
thority to the secretary to give all orders for matters
which were necessary for the promotion of the company,
and that therefore the defendant was answerable for
orders so given; and left it for the jury (as the only
question) to say whether those orders were so given.
"In Barnett v. Burdett, the first of the cases brought
forward, and which was tried on the 20th of January,
1846, the learned and eminent counsel who appeared for
the defendant scarcely attempted to deny bis responsi-
bility, and Baron Alderson, the presiding Judge, de-
clared that there was not the least doubt about the
matter—that the defendant was responsible as soon as
he became a member of the Provisional Committee, and
that when a man becomes a member of the Provisional
Committee, from that moment he is liable for con-
tracts for the company ; and the man who enters
into these contracts for the company stands in the
position of agent for the Committee. This view was
sanctioned by the Chief Baron, on the trial of Williams
v. Bradley, which took place the following month, and
was unanimously confirmed by the full Court of Ex-
chequer, who refused to set aside the verdict obtained
by the plaintiff. This latter judgment, which was
arrived at coolly and deliberately, after hearing full
argument, and without the hurry incidental to nisi-prius
decisions, declared that it was well left to the jury
to say whether the defendant, by joining the
Committee had sanctioned the supply of goods
from the period, and that there was no ground for dis-
turbing the verdict, and yet, notwithstanding the opin-
ions so strongly expressed, and at the time universally
received and acted on, we find the matter again involved
in doubt and perplexity."
The English Stock Market has a firm appearance this
morning, and prices are again * per cent. higher. The
concession made by the Bank of England, together with
the activity of Government in arresting the disturbers
of the public peace, has the effect of making holders firm,
while speculators calculate upon purchases being made
for the dividends next due. The payment of the in-
terest at Paris is also regarded as a satisfactory feature.
Consols are 841 to I. Exchequer-bills have been 345.
to 38s. premium, being an advance. Bank Stock is
worth 191 to 1921.
The Foreign Securities have been very quiet. Spanish
have been 221 for the Three per Cents., and 12 for the
Five per Cents. ; Mexican are 151 to 4 ; Russian have
been 861; and Danish, 63 to 65 ; Dutch Two-and-a-
Half per Cents. are 421.
Railway Shares are steady this morning, and have
an apparent tendency to advance, although very little is
doing.
ONE CLOSING
t•RICES OF BRITISH FUNDS. O'CLOCK. FRICES.
Bank Stock l9l 192% 192'6
3 per Cent. Reduced Anns .. 82% 83 82% 829
per Cent. Consols Annuities...... 84'4% 84%
New 3% per Cent. Anu5........ 833/8
Long Anne. to expire J an. 1860 ...
Ditto 30 years, Jan. 5, 1860.... 8 11-16 8 11-16
South Sea Stock
Ditto New Annuities
Consols for Account 84% %% 84%
Exchequer Bills. 2d.
1,0001.
5001.
Small .. 34 40 p 34 p
CrlfiSi;N: r:
O
VICES OF FOREIGN FUNDS. 07CLEOCK.
Brazilian Bonds
Ditto, Small BB
Danish Bonds, 1825, 3 per Cent 63 65 65
Mexican, 5 per Cent. 1846
Ditto, Account 15% % 15%
Russian Bonds
Spanish 5 per Cent. 1840.
Ditto, Account l2l'
Ditto 3 per Cent 22% 22a4
Venezuela Bonds, 2% per Cent — 16%
Dividends on the above payble in London.
Dutch 2% per Cent., 12 Guild 42% 421
Ditto. 4 per Cent. Certificates 63 63% 631/2
PRICES OF PAID. BUSINESS DONE CLOSING
RAILWAY SHARES. AT ONE O'CLOCK. PEKES.
Aberdeen 5O .....
Amber., Nott., Boston,
and Eastern Junction
Ayrshire and Galloway.. 2%
Belfast & County Down 14%

Birmingham and Ox-
ford Junction .... ... 20
Birmingham, Wolver-
hampton, and Dudley 10 .....
Birming.,Wolverh'pton,
and Stour Valley 121. 4s ... ••• •--
Birkenhead, Lancashire,
and Cheshire Juno.— 7%...... ... • ••• —
Boston, Stamfd & Birm. 5
Bristol and Exeter B5
Ditto, Thirds .... ..... 25 ......
Buckinghamshire... 141.4 x.
Caledonian
Ditto, Half Shares
Ditto,Clydesdale June 50
Chester and Holyhead... 4234......
Ditto, Preference l5 ......
Clarence
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 2734......
Dundalk & Enniskillen 17%..••••
East Anglia, 25/., L. &
-E. and L. and D...... 25 ......
Do., 181., E. & H.... 18 --
Do., 31.10 x.
Eastern Counties........ 20
Do. New Guaranteed
6 per Cent.
...... 3%
Ditto,Extension,s per
Cent., No. 1....,.61.135. 4d....
Ditto ditto, No. 2...61. 13s. 4d...
Do. North. & Eastern 50
Do., 5 per cent.s 6O ... .. ~.... ........
Do. Quarters
Do. New 23
Eastern Union, Class A
(late E. U. Shares) 25
Ditto, Class A, ditto... 1
Ditto, Chess B (1. &
and B.) 17% — ........ ....... —,
Ditto, - —'' - -

Class C, ditto..: 17 ei. ....

Do. Scrip (6 percent.) 10 ...... . .... .. .....
Ditto, ditto
Ditto (C. & E.) guar.
5 per cent.-- ...... 216 . . .
East Lancashire
Ditto, New
Ditto, New Quarters 6!.i ......
East Lincolnshire ...... 20,~
Kdinburgh and Glasgow 50 ...... • —
Ditto, Halt Shares ... 15 .. ..
Ditto, Quarter Shares 124
Edinburgh and Northern 25
Ditto, New.. 6
Ditto, Newport
Ditto, ditto, New 34. • ••
Exeter,Yeowil, & Durch. 2.;8
Ditto, New ... 2.),i, .. ..
Glasgow, Dumfries, and
Carlisle ....... ••• ..81. 6s. 8d....
Glasgovr,Kilinar., & Ayr 50 ..... .
Ditto, New .
Do.Preterence Consul. 15
Great Northern
Do., London and York 21/2. —
.. ..
..
.....
tireat South. and West
(Ireland)
Great North of England.loo ......
Ditto, New, 40/ 5
Ditto, New, 301......... 30
Ditto, Now, 151......... 114 ..... . —
Great Western 9O ... .. 901,x 9Ol/0
Ditto, 4 Shares 5O •• •• ... —
Ditto, 1,4 Shares; 1716— 1516 l5l/2
Ditto, Fifths
Ditto, New 171... ..... 91/2 .. 77(3 7%
Huddersfield and 11Ianch. 26 ......
Ditto, Thirds .........
Hull and Selby .. ...... 50 ......
Ditto, Half Shares ... 25 ......
Ditto, 14 Shares ..... 121/2....•
Lancaster and Carlisle... 50 ......
Ditto, Thirds ......... 10 ......
Lancashire & Yorkshire 93 .....
...... Ditto,
ih
ditstoha.r. .... ...... ...... .. LI
...
.. 3—oh
361/2
Ditto,
••..••
Do.. Quarter
Fifths
..
. . ..
... a.
.r
.....
..
.. .. 194.1,1
...........
Do
Do. Sixteenths ....... .. WA ......
Do. Thirds(Reg.)....• 13 •••
Do. Liverp. and Bury 43 ...... ••• —
Ditto 1/2 (late Hud-
dersfield and Sheff.) 3S
...... .• •••
Do.(Waketield,Ponte-
tract, and Goole) ... 50 ......
Do.( W. Riding Union) 6 •• •••
Dops. (aol.l:lArde stt
rho
anuhasdrrat i zet)ero,r;rNi
(sidi
Ar. lc.'
)ir
..e: )... 2:5,2090,
1: ..... ...... ................... i
.................
...
...
..................
e e d
Leeds, Dove) 8, 4-1
Dp00..;
Leeds aii(nbdalul'freS)hirsk ...::. 45 .:. : . ........•
Ditto,
0., Prefer.,Nwe 6
Liverpool, Crosby and
Southport . ...... ..... .. 31,, — ............
Liverp., Manchester, and ...
Newcastle Junction— 2%.,..... ...............