The Sun.
London, England, 1848-05-12 00:00:00

MARKET NEWS.-(THIS DAY.)

CORN-EXCHANGE—FRIDAY.
This week's arrival of Wheat of home produce, coast-
wise as well as by land carriage and sample, has been
very small, viz., 3,210 qrs. Owing, however, to the
prevailing fine weather for the growing crops, the de-
mand for all deseriptions was exceedingly heavy, and,
in some instances, Monday's quotations were not sup-
ported. At the close of the market a clearance was not
effected. The best parcels of Foreign Wheat were held
at late rates, but all other kinds were somewhat easier
to purchase. The imports this week have been only
4,590 qrs. The show of Barley was trifling. Grinding
sorts sold at full prices, but malting and distilling qua-
lities were neglected. We had a very slow inquiry for
Malt. In prices, however, we have no alteration to
notice. A few parcels of really fine Oats sold at Gd per
quarter more money. All other kinds were quite as
dear. Beans, Peas, Indian Corn, and Flour, were un-
altered in value.

Wheat.
English —— 3,210 qrs.
Foreign

&llama Ls.
Barley,
1,380 qrs.

4,590

Oats. I near.
270 qrs. 3,420 sk
1,490 -
3,430 -

I 4.128
Malt, 1,780 qrs.

SPILITILP
For the time of year the supply of Beasts on offer this
morning was
. tolerably good, both as to number and qua-
lity. Owing to the hot weather the Beef trade was in
a very sluggish state, at Monday's reduced currencies.
The numbers of foreign stock were by no means large.
From Scotland we received 160 Scots. The market was
fairly supplied with Sheep; yet there was more disposi-
tion to purchase on the part of the butchers, and prices
were readily supported in every instance. The primed
old Downs, out of the wool, sold at from 5s to 5s 2d per
Blbs. Lambs, though in full average supply, moved Of
readily at extreme quotations. The arrivalfrwomeren
lb.
Isle of Wight consisted of 400 head. Calves
_ _ a
good request, but not dearer. In Figs very li sim
ness was transacted. Mitch Cos were selling at t! fro
15/ to 181 lOs each, including their 5!33,11 Calf.

at.svuopuwprnearrbetle:lcohleararabcitestKeTadehnyPetld:bitintitiso3:lBs"arsdeto
Per Sibs. to Sisk the offal.
d. to s. d. I. d, e. ds
a.
Inferior Beast►.... 210 3 2 Second quality ditto 44 4
•
Second quality • • 34 3 C Coarse-weolledditto 4 4 a
Prime large Oxen• • 3 6 3 $ SouthdownWether 4 10 a 2
prime Scots ......3 10 .4 0 Ditto out of the wool • 0 0
•
Largo coarse Calves 4 0 4 6 Large Hogs • • 4 0 4
Prime small ditto .. 48 5 0 Small Porkers .... 4 • ;
Suckling Calves "15 0 27 0 Quarter old rigs ••ti 0 21 •
leerier Sheep •• . 10 4 2 Lambs .. • • •.., 0 6
SUPPLY AT MARKET.
Beasts. I gimp. I Calves. ~•
745 I 6,760 420 120
N 1117741.6.2111 41.21rD SZAZIIINZAZZ•
reports
eeprwmoebrDawatrsOtekliceived to-day from the
CMGS SOP DlALllxim.
opfrin•Tacehiseeo
to have made some progress this week, and
on the advance. Holders of most 9ualities have eb air!
the gPesr.
rather anxious sellers, and late prices are withavaec __.--
~upported. Sussex pockets, 31 to 31 6s, Weald
ditto, 3135 to 3/ 10s; Mid and East of Kent
51 Es per cwt.

COLONIAL.
stmts.—There
enhsatssohlbdetheanta
4ah2nsas6indadcrtoveagedan44csedfol76finePeellayer
B done
i na
rabial dko ns
hasds . bele
llow,
and at 35s 6d to 37a for low.
REVlNED.—Standard lumps have been 56s per cwt.
E.t.a INDIA.-8,659 bags went at 42s to 421 6d for
good white, 38s 6d to 398 for good soft yellow, and
318 6d for low brown, being fuller prices. Madras,'
2,800 bags realised 34s 6d for good soft yellow, and
30s to 30s 6d for fine brown. Mauritius has been sold
at 41s 6d to 42s for fine yellow, and 43s to 47e 6d for
grainy, being fuller rates.
FOREIGN.—A good business has been done. Brazil,
low to mid white 41s to 42s 6d, and good and fine
yellow 38s to 40s 6d; Havannah mid to good yellow
has been held for 18s to 225; Cuba has been sold at 40S
to 43s for mid to fine.
COFFEE.—The demand is better. Ceylon has beta
sold to some extent at 36s to 50s for ord to low mid
64s to 65s for low mid and mid coloury, and 38s to SO
for pea-berry. Mocha has realised 48s 6d t
busi-
ness
for
mid yellowish to fine. There has been a moderate
in Jamaica, &c. Costa Rica has been taken in at
31s to 32s for fine ord pale foxey sound.
SPICES.—There have been sales of Pimento at 3id
per lb; Sumatra Pepper has been taken in at lid per lb.
SALTPETRE.—This article is cheaper.
RICE.—The demand is slacker.
TEA.—There is a steady market.
T ow.—P.Y.C. is 47s 3d to 47s 6d per cwt on the
spot.
INDIGO.—The auctions have been going of
ferently.

- _
IiCATION AL PROVINCIAL BANK
OF ENGLAND.
The annual general meeting of the proprietors of this
-bank took place yesterday at the comp an y 'shouse, Bishops-
proprietors present, we oh-
gate-street. Amone-st the
served Sir David, Scott, Bart.; Sir John N. R. Camp-
bell, 1i.C.11..; Sir Alexander Crichton; George Norman,
of Bath; Captain Warren, Re
Robert Bell,
Seq.; R. Hichens, Esq.; Edward Stewart, Esq.; C. A.
vaipy, Esq.-, Isaac Nicholson, Esq.; C. H. Ellis, Esq.;
V. Brown, Esq., &c. &c.
J. FECTOB, LAURIE, Nig., took the chair at twelve
o'clock, and after congratulating the proprietors on the
flourishing state of their affairs, and the manner in
which the.company had withstood the storm of the last
year, predicted that the time was not far distant when it
would stand. second to none of the banking establish-
ments of this country, with the exception of the Bank
of England. The worthy Chairman then read the fol-
lowing report, and moved its aclption by the meeting :
" In meeting the proprietors at the close of a year of
much anxiety to all connected with banking and mercan-
tile pursuits, the directors consider it matter for con-
gratulation that they are enabled to present the state-
aliment which they have now to submit, as the Fifteenth
4nnual. Report upon the company's affairs.
" Ins unnecessary for the directors to enter into any
detailed notice of the circumstances of the past year,
which must be fresh in the recollection of the proprietors.
Throughout it was marked by occasional monetary pres-
sure of an intense character, followed by great com-
mercial distress in the metropolis and some large towns;
but it was only on a recurrence of the crisis of April,
toward the close of the year, that the tranquillity of the
agricullural districts may be said to have been disturbed.
The main cause of the difficulties in the money market
in April had not escaped observation in the provinces,
although then exempt from pressure, and the temporary
relief which was telt in the middle of the year, rather
lulled, than dispelled the fears, which the first effects of
the restrictive action of the Banking Act of 1844 had
produced. Accordingly as the year advanced and symp-
toms of returning derangrment disclosed themselves in
the declining reserves of kfre Bank of England, great ap-
prehension was diffused throughout the country, which
gradually increased from week to week as the approach
of danger became nearer and more certain. In October
the second crisis of the year occurred—great distrust
prevailed in many of the agricultural districts, especially
in Wales, and several country banks were forced to yield
temporarily, at least, to the pressure.
" In order to be fully prepared to meet any demand
that might he made on the branches of the National
Provincial Bank of England, the directors deemed it
advisable to realise a portion of its reserve investments
in Government securities—a step which, though pru-
dent at the time, and now producing the happiest influ-
ence upon the business and prospects of the establish-
ment—the natural effect of the great resources which,
in the emergency, it displayed—was necessarily attended
with some sacrifice. Too stock sold, however, has been
all replaced, and the loss arising from its temporary
conversion has been wholly met out of the profits of the
past year.
" In adverting to the commercial character of the
year, the directors have to observe with respect todthine
extensive failures In the corn trade, which occuhrerenhm
its commencement, that by timely precautioniht,s
Witi;
pany is. likely toerijoy complete immunity fromh
regard to the disasters which occurred in othbankeraes
of trade, it was not to be expected that the could
altogether' escape, but on the other hand, the high rates
of interest which prevailed during the greater part of
the year, haVe Considerably augmented the company's
revenue, and the, direetors are happy to state, that after
making ample provision for all the contingencies of this
extraordinary season, they are still enabled to maintain
the usual dividend of 6 per cent., and at the same time
to add to the reserve fund."
The CHAIRMAN then read the following yearly sum-
mary of the accounts :-
1847.
Jan. 1. Amount of undivided profits... 79,073 Is. d.
9 10
I.)ec. 31. Net profits of 1847, after mak-
ing allowance for bad and
doubtful debts, and a propor-
tion of preliminary expenses 32,506 3 4

—Makin; a total 0f... 111,580 3 2
Deduct Dividend on Com-
pany's Stock for 1847

... 24,649 16 0

Leaving undivided Profits at
31st Dmember, 1847 ... .£86,930 7 2
And making an addition to the
Re.erve Fund of 7,8561. 7s. 4d.
The following directors go out of office by rotation,
but being eligible for re-election off,r themselves ac-
cordingly, vis.:--Isaac Nicholson, Esq , Edward Stewart,
Esq., and Sir David Scott, Bart.
Mr. BROWN, in seconding the adoption of the report,
congratulated the proprietors on the state of their affairs.
The past year had been pregnant with monetary pros-
anre, which had produced greater severity and suffering
than had ever been known to the commercial community of
this twountry. These adverse circumstances had produced
incalculable losses to individuals, and yet, notwithstand-
ing these trying circumstances, the condition of this batik, '
as the report laid betore the meeting proved, was
highly satisfactory. It was certainly true that the pre-
sent aspect of public affairs was not very encourag-
ing, and that a considerable time must elapse
before confidence could be restored, but it must
be a source of great satisfaction to the proprietors to find
that through the whole width and breadth of the country
the credit of the Bank stood unimpaired .—(Cheers.) It
must also be a matter of great congratulation to the
Bank, that in :\ orth Wales, during the Ae-
vete run that took place among the banks
there, the Bank had acquired additional credit from the
fact of the prompt manner in which it had met every
engagement—(Hear, hear)—and the liberal assistance it
had rendered ta the neighbouring district:,—(Hear,
hear.) He was c )nrinced that the fruits of this libera-
lity would soon be manifested by a rich harvest to the
company, in an extension of its usefulness and in the
beneficial employment of its capital.
The report was th-n unanimously adopted.
Isaac Nicholson, Esq., Edward Stewart, Esq, and Sir
David Scott, Bart, the directhrs who went out by rotation,
were unanimously re-elected.
A vote of thanks was unanimously carried to the
Chairman, directors, and Mr. Robertson, the manager
of the Bank, and those gentlemen haring returned
thanks, the meeting separated.