The Sun.
London, England, 1848-12-01 00:00:00

MONEY and COMMERCIAL NEWS.
CITY, QUARTER TO THREE.

,
Cotton at L;.verpcol yesterday was not in such active
or extensive demand as noticed early in the week, still
the market was steady, end prices were well supported.
ahe transactions, amounting to 4,000 bales, comprise
the foliov.irg:-3,000 American, at 3id. to 6d. ; 300
Pernarn, at 4p. to ; 200 Egyptian, at .54d. to W.;
and 200 Surats, 24d. to 3d.—Railway Shares were firmer.
The advices from abroad are again of rather a tran-
quil character, and as the chances increase for the elec-
tion of Cavaignac, although the issue is admitted to
be far from certain, confidence gradually becomes
strengthened.
Contributions in aid will prove useful to the cause of
Financial Reform, and a question that affects the pro-
sperity of every one cannot but stimulate suggestions
which will be found to contain something worthy of
note. Direct taxation, and especially the taxation of
real property, is more than ever advocated; and a party
writing under the title of " The End in View," ob-
serves—

" I think it will be admitted by all parties that Eng-
land is the greatest manufacturing nation in the world,
which greatness has been attained by a system of legis-
lation which encouraged our manufacturers by bounties
o❑ exportation up to a late period, and by protection to
nearly the present time. When bounties on txnortation
ceased, it was considers d by the Legislature that such
was the skill and industry of the British public that wo
could compete with other nations independent of the
bounty. It has been considered by the late Parliament
that we can now successfully compete with other na-
tions, independent of protection, and no doubt we
can if measures are adopted to enable our
mechanics and labourers, by a reduction in taxation, to
live for half the amount they do at present, which would
place us on a par with other nations in the cost of bodily
labour ; in which case we should, by the superior ad-
vantages we possess in our natural productions, our great
capital, and the skill and industry of our population, be
enabled to compete with the nations of the world, and
not only to retain, but also increase, the present foreign
demand for our manufactures, which is the real source
of our riches. By the removal of all taxes, except
upon property mid income, this state of things
may be attained. The great object of all
Governments ought to be to promote the welfare and.
happiness of all classes, to give the people their just
rights, and support with dignity the interests of this
great empire."

- The same party estimates our annual gain upon the
foreign trade at 50,000,0001., and shows how important
it is to sustain that trade by reducing expenditure, and
relieving thereby the springs of industry. - With our
increasing population, we must be dependent on other
countries for a certain quantity of food, and this, under-
due encouragement, cau be paid for by the products of.
our surplus labour.
The following are the terms of quarantine existing at
varioos ports, according to the latest advices:—
"At Vigo, 8 days—A lazzaretto for paiseekers pro-
vided by the Spanish Government.
At Oporto—No communication allowed on the out!
ward voyage.
"At Lisbon, 8 days—A lazzaretto for passengers and
goods provided by the Portuguese Government.
" At Cadiz, 8 days—No lazzaretto.

"At Gibraltar, 8 days—A lazzaretto for passengers
and goods provided by the Peninsular and Oriental
Steam Navigation Company.
" The steamers are therefore able to receive passen;
gers for Vigo, and passengers and goods for Lisbon and
Gibraltar; but not at present for Oporto or Cadiz.
" Passengers will have to pay the rates established by
the authorities at Vigo and Lisbon for their maintenance
while in quarantine.
" Goods will be transferred into the laszarettoes et
Lisbon and Gibraltar, at the company's expense, but
such goods will be entirely at the shipper's risk after de-
livery from the steamers."
The Funds have been buoyant to-day. Consols are
871 for transfer, and 87 for account. Exchequer.
bills have risen to 40s. and 465. premium, and East
India Bonds have been 365. to 395. premium. Bank
Stock has risen to lBBi and 190. The New Three-and'
a •Quarter per Cents. have been 86i it. On the whole
the business done has not been large, but the market
is tending upwards.
The Foreign Securities are steadily supported:.:'
Portuguese Four per Cents. have been 24k, and Spanish
Three per Cents. 24i to 25g. Mexican Bonds We
been 21i to 211. Dutch Two-and-a-Half per. Cents'
are 48.

The Railway Share Market bas been steady, !)11$
some of the calls announced keep down prices.
ONE CLOSIO
Ptt i ( 'Fs OF BRITISH FUNDS. O'CLOCK. PRICES•
sank Stock lBBl% 190 190
I i‘or Cent. Reduced Arms 861,081/S 860
3 per Cent. Consols Annuittes...... 87% 4.% % 87
114
New 314 per Cent. Ann 5......
Long Anns. to expire J an. 1860 ... 3 9-16 8 9-16
Ditto, Oct. 10, 1859 ..... ...... 8 7-16 8 7-16
Ditto 30 years, Jan. 5, 1860.... 8% 8%
India Bonds, 1,000/.
Ditto under 1,0001..
Consols for Account. - - 87% 87%

54
Exchequer Bills 214 d. & 2d.
1,0001. March
1,000/. June ..... .........-
Small, March 43 p 43P
Small. June
PRICES OF FOREIGN FUNDS ONE CLOSIIia
O'CLOCK. PRICES.

Brazilian Bonds —
Ditto, Small —
Equador Bonds
Grenada Bolds, 1 per Cent. —
Mexican, 5 per Cent. 1846 21%
Ditto. Account —
Ditto, Small 21%
Peruvian Bonds, 6 per Cents —
Ditto. Account ..... ... ....-
Portuguese 5 per Cents. ....

7314
26
12
2142114 A
~
21%

36

Ditto, 4 per Cent ... 24% 24%
Ditto, Account
Spanish 5 per Cent. 1840.
--'%
Ditto, Account ll
24N
Ditto, 3 per Cent
Ditto, Account .. -.. 25% 24% 25
Dividends on the above payable in London.
Dutch 2% per Cent., 12 Guild.... 48 4734
Ditto. 4 per Cent. Certificates - 72% 73 73
PRICES OF BUSINESS DONE CLOSINJ
RAILWAY SHARES. PAI D' AT ONE O'CLOCK. pEIC}6O'
Iberdeen
Amber. Nott., Boston,
and Eastern Junction 4% —
Ayrshire and Galloway.. 7
Belfast & County Down 19
Birmingham and Ox-
J

ford .runct., calls duly
paid, ( r with a guaran. 20
. ........ ......
Do, withoutguarantee 20
Bii ming, Wotverh'ton,
and Dudley, calls duly
pd, or with guarantee 10 .. ~
Do. without guarantee 10
Birming.,Wolverh'pton,
and Stour Valley 131. 145...
Birkenhead, Lancashire, -
and Cheshire Junc.... 10 -
Boston, Stamfd & Birm. 5
...
Bristol and Exeter...... 90 ..., - -
Ditto, Thirds .." ..... 271,¢ -_Luckingliamthire... 141. 4s.
.... 61% did
Caledonian
Ditto, Half Shares .. 83/4 ...... ....- -"sr
Do. New `lO/. Pref..... 5 ... .. 43/4
Ditto,Clydesdalc June 50 —
Chester and Holyhead.- 50
Ditto, Preference
Clarence • 781,4 —
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. 35 ...... --
Dundalk & Enniskillen 20
East Anglia, 251., L. &
E. and L. and D...... 25
Do., 181., E. & H.... 18 ......
....-
Do., 3/. 10s. ......... 3% .....
. 20 ........
Eastern Counties....... ...... 11 IA
Do. New Guaranteed
6 per Cent. . ... ..... 10 ......
•••
Ditto, Extension, 5 per
....-
Cent., No. 1 61.135. 4d....
Ditto ditto, No. 2...61. 13s. 4d...
Do. North. & Eastern 50
Do., 5 per cent.
Do. Quarters .........124 — .....«..,... •
Do. New
Eastern Union, Class A . .
(late E. U. Shares) 25
Ditto, Class A, ditt0... 1
Ditto, Class B (L &
and B.)
Ditto, Class C, ditto... 20 .... 6 6
...-- Do. Scrip (6 percent.) 10
Ditto, ditto
Ditto (C. & E.) guar. .
...-
5 per cent.-- ...... 214 - ...
East Lancashire
..... Ditto, New

141 A

_..•• - ••.• .N,
Ditto, New Quarters 61,di• — .....w.„ •
Do., 6 per Cent. Pre-
ference ..... Quarters ... 6IA —
Last Lincolnshire ...... 25 . — ... „.
Edinburgh and Glasgow 50 ......
....
Ditto, Half Shares ... 20 .. .. ......
..• Edinburgh and Northern 25 —
Ditto, Newport
14
Exeter,Yeovil, & Dorch. 2% II
Glasgow, Dumfries, and
Carlisle
.... Glasgow,Kilmar.,& Ayr 60 ...... —..
...•
Do. Preference Consol.
Great Northern
Do., -1/2 A Deferred ... 12% 4 1A...,
Do., % B 6 per Cent.
•
guaranteed ... ..... 6%. 234 .. . .....
....-
Do. Extension
Treat South. and West .
.....
(Ireland)
.....
t;reat North of England 100 ......
Ditto, New, 401
Ditto, ditto 25 a
....
... . ..... -
.... .. Ditto, New, 301
• Ditto, New, 15/ ......... 14 --- .. .. .._
' - ,
Great Western ........ .... 90
Ditto, 1 41
/(i Shares SO
Ditto, 1,4 Shares ...... 21 .. 15...
' 16510
Ditto, Fifths ..... ....... 20
-
Ditto, New 17/... .. . 414
13 ... .. ' ,"
....,
II u dd ersfi eh' and Manch•
. 30
......••..••...
Ditto, Thirds10 Hull and Selby ..
...... 50
Ditto, Half Shares ... 25 .
Ditto, 14 Shares
...•
Lancaster and Carlisle, -- 50 -----

alto, Thirds

10 .--

La•ica.4hire & Yorkshire 93
56 Ditto, ditto ............ 66
Ditto, 4 Shares ...... 43 ..... •
Do. Quarter Shares... 171/2 - 9

... ••• 1.1.1.
Do. Sixteenths 6!
.....
Do. Thirds (Reg.)..... 13 .....
...
Do. Liyerp. and Bury 43