The Sun.
London, England, 1848-09-16 00:00:00

MONEY arid CO 31 AI it.•;o7'Cl WS.
CITY, QrIARTF:d? TO TfißE,c.
The Cotton Alirrket at Liverpool yesterday aa, dull,
owing to the reported abundant crop:, and prie-s ap
pearsd to be Oreoping. Sales of the .seek 28,820 bales.
The Railway Share Market was a; trifle better, but not
much was doing.
There are several causes apparently acting upon the
Bank of England note circulation, which again last week
experienced a reduction. The augmentation of the
deposits. and at the same time the reduction of the
securities. tends to this result, and the former more par-
ticuly, :.1 .hough trade is undoubtedly very dull, and
offers no facility for extensive discount operations. The
precious metals accumulate, notaithstanding the steady
imports of grain. Toe Government balance is larger,
hnt there is no means of ascertaining a hether this is
the result of revenue receipts, or of stock realizations.
The following are the items in the balance-sheet fur the
week to the 9th instant:—
Notes issued 26,958,875
Increase 75.370
Rest
Increase •
2,285
Public Deposits '5,460,328
Increase
Other Deposits 8,771.338
Decrease
Seven Day and other Bills
Decrease
Government Securities
Other Secutities
Decrease4B,l7s
Notes
•... 9,114,210
Increase
Bullion
Increase 156.820
Active circulation
Decrease
The bulk of the accounts from America were received
after our article of yesterday was concluded, and we
may add some items of commercial interest. A party
writing at New York observes—
" The political condition of Europe is anything but
encouraging, and the prospect is, that it will be worse
before it is better. At present, only the smaller powers
are involved in a war, which of itself is not calculated
to do much harm, but the danger of drawing others int.,
the difficulty is great, and so long as the question is un-
settled or undecided, there can be no favourable change
in commercial mutters. Every one here is waiting the
issue, out of all patience with its protraction, but un-
able to move safely so long as it remains open. In the
event of a general war throughout Europe growing out
of the present position of things, we may at once ahan
don all hope of any improvement in prices for our great
manufacturing staples, and make up our minds for a
moderate demand for all of our exports except bread-
stuffs. Oa the other hand, it the clouds which darken
the political horizon of the whole world are dispersed,
and the bright blue sky of peace and goodwill among all
nations appears and extends over them, we must rapidly
recover from the prostrate position we have so long oc-
cup!ed, and immediately put into active operation all
the elements of prosperity whieb exist so abundantly,
particularly in thi: country. Our energies have been so
long restrained that they are a ) strong and vigorous,
and all we want is an opportunity to bring them into
action."

Accounts from Venezuela, via New Orleans, and
dated Porto Cabello, to the beginning of August, state—
"ln politics we are at this moment as unsettled as
ever. Government lacks all means, whilst the Mara-
caibo flotilla seems to be on the increase, and has for
several dais past been cruising in our neighbour-
hood, and keeping the authorities in alarm. Our gar-
rison has again been increased, whilst the Government
squadron remains in complete inactivity for want of
people and means, and there is no knowing where this
will end. Until the news from Europe, and from your
quarter, becomes a little more favourable, we cannot
expect any amelioration. Money will not circulate
more freely until some demand springs up for our pro-
duce, of which we see no immediate prospect. Business
is in a very depressed condition, owing partly
to the seasons, and partly, however, to the continued un-
settled state of the country and the scarcity of money.
In produce there is nothing doing, and prices are but
nominal. Fair green coffee, which is now becoming
scarce, may be quoted at 85.50 a 86; hides, 85 a 85.25;
indigo 64- a 61re. Cotton without any purchasers."
There is a firmer market to-day for the Public Secu-
rities, although without any increase of business. Con-
sols have been 85i to 861 for Transfer, and 861 / (or Ac-
count. Exchequer• bills of June have been quoted 235. to
265. premium. The New Three per Cents. Reduced An-
nuities are 85i. The brilliancy of the weather has given
a better tone to the market, which would probably advance
more decidedly were the Italian question arranged.
The Foreign Bonds are very qeiet. Portuguese Four
per Cents. 2l to 21j., Mexican 161. and Chiller' Three
per Cents. 45 to 47. Russian Stock has been at par.
Dutch Four per Cents. are 71; Spanish Three per
Cents. are about 22/ to 23. The Finance Minister, M.
Mon. promises great things, but there is very little con-
fidence in him.
Railway Shares have been very heavy again, but there
is not quite such a pressure of sales.
BRITISH FUNDS TH IS DAY AT ONE O'CLOCK.
(From the Official List.)
3 per Cent. Reduced Annuities ..... . 85%
3 per Cent. Consols Anna 8534 136;4,
Consols for Account ....
exchequer Bills. 21,4 d. 2d.
March. Juno.
Loool.
p— 26 23 p
34
Small 23 2 p
PRICE OF FOREIGN FUNDS AT ONE O'CLOCK.
Chilian Bonds, 6 per Cent........
Ditto 3 per Cent 47 45
Mexican lion,4s, 1846, 5 per Cent 14%
eortuguese Bonds, 5 per Cent
Ditto 4 per Cent.
Ditto for the Account . 21%
Russian Bonds, 1822, 5 per Cent lOO
Dividends on the above payable in London.
Dutch 21,4 per Cent.,l2 Guild
Ditto 4 per Cent. Certificates

. -
dIisINESA 1)01.12; IN RAILWAY MARES AT 014 E O'CLOCK
RAILWAYS. PAID. Pra SHARE.
tberdeen - ..„.. to --
lniber., Notting., Boston, Ste 33/4 ...... -
tyrshire and Galloway - to -
3clfast and County Down .. 17% .. .• - -
-iirmingham & Oxford June... 20 -
3irmingham, W 01.,& Dudley 10 ... - -
Jirtniug., Wol., & Stour Val.- 131.148.... - -
Jirkenhead, Lancashire, and
Cheshire Junction lO - ....•• to -
3oston. Stand., & Birming... 5 - to -
:tristol and Exeter - -
Do., Thirds - -
buckinghamshire l4l. 4s
aledonian
Ditto, Half Shares -
Ditto, New 10/. Preference 21/2 2 ...... t 3
Ditto. Clydesdale Junction 50 -
t.,hester and Holyhead... 471,4 2l
Ditto, Preference
,:larence. - ••• •• to
Do., Ist Class, 6 per Cent... 10
Do., 2d Class, 5 per Cent... 10 -
Do., Gov. Loan,.4 per Cent. 10 - ...... to
Direct London & Portsmouth 5% - to
Dublin and Belfast Junction.. 30 -
Dundalk and Enniskillen ... 20
East Anglia, 25/. L. & E.,
and L. &1) - ...... to •
Ditto, 181., E. &11 lB - •• ••. to •
Ditto, 31. 102., E. & H... 3% - ....... to •
"%astern Counties -
Do. New Guarant. 6 per :.:t. 5 -
Do. Perpet., 5 per ett0..21,,661./.
113385..4.4d.d..
__.-
..................
to
Du
Do., do
- ...... to
vD00..,, N 5 operthr ecrenn&t. Eastern......
5050
Do., Quarter .... . ......... ... 12%... -
Do., New -
Eastern Union, Class A. (late
E. U. Shakes) ... .. 25 ...... -- ...... to -
Ditto, ditto, Class A, ditto 1
..... . --- ...... to -
Ditto, do, t. lass B (I. &B) •20 ..... •-• ..... to -
Ditto, do, Class C, ditto... 171,4 ...... - -
Ditto Scrip (gua. 6 per ct.) 10 ...... "'
Ditto, ditto ...... ......... 20 ...... - -
Ditto (C. & E.), 5 per ct. 2% - -
last Lancashire - ...to ..--
Ditto, New
• •-- •••.. to -•
Do., New Quarters 64......
Do., 6 per Cent. Preference to .....
Quarter Shares
to --
East Lincolnshire 23 ...... -
r dintiurgh and Glasgow ..... 50 ...... - .....• to --
Ditto, Halt Shares
Ditto,-
Quarter Skares 12%...... - ...... to --
Edinburgh and Northern - ..... te
Ditto, New 6% -. ...... tO --
--. Ditto, New p0rt..... l3
....
Ditto, ditto, New
831 •- •••••• to
...... -• •• • •.• to --
r.xeter, Yeovil, & Dorchester 2,g ...... - . to -- Ditto, New ... ..... .. ..... -
Wasg., Dumfries, & Carlisle..Bl. 65.8 d... - -
Glasgow Kihuarnock,& Ayr 50 ...... --- ..•..• to - -
Ditto, New .................. 40 -
Do•Preterence Consolidated 15
-
Great Northern.... to
.......... 17
Do. Loudon & York Exten.. .2% -.... to •-• I. South. & West. (Ireland) 42% .•
ta
• • ..... -. ~rest North 01 England. ..... 100 - ••
to •-•
Ditto. N w 40/. 4O - •• ••• to -
Ditto, ditto - tO -
Ditto, New 30/. 3O ... .. 681/2 to -
Ditto, New 15/.......... ..... 14 •••••• - • ••• to -
;;reat Western
Ditto, Huh Shares 5O
Ditto, Quarter Shares
„Ditto, Fifths 2O -
Do. New 171 9 to •--
tiodd•trstield and Manchester 28 .. ... - -
Ditto, Thuds.. ... 9 - to -..
Hull and Selby 5O
Ditto, Hall shares .. ...... 25 - -
Ditto, Quarter Shares - 121,4 - -
Lancaster and Carlisle.... ... 50 - ...... to -
Do., Thirds lO - ...... to --.
Lancashire and Yorkshire ... 93 ..... - ...... to --
~_ 86 - .... to ....
Ditto, ditto
- 43 .
..... ..... - •• •.
••• •„ to • to -- Ditto tialt Shares
17 _
---
Ditto quarters
9
Ditto s;xteentos - ..... to -..
.....
....
Ditto Thirds (Reg.)
Do.. New Guar. 6 per cent 2% --- ..... • to -
Do. Liverpool and Bury... 43
- • ••• to ---
EDI
oott:nd"1 '1
aGuktotetd,filweerl4d. '9ll°“
ni
1 Se
hi
re:
ic
.2.
540
Do., West Hiding Union.- 6 ...• • _
... to
Do., Preston and Wy re ... 25 - ...
••• •• to -
Do., do., Halt Shares (A) 9 t/i - ..... .to
50 .. ••• -
•• •• to
_...
-
Leeds,eedwoledwisibr4ulr7,r&d Ranches. 50
....
......
to
....
Do., Halt Shares ............ 25 --
. . . . .

-1-76

Ditto, Blue (scrip) ..... 2% ...... ...... to
L& ee and Thirsk .....«50
-- Ditto, New ......
... 30 ..... . to. to
•......
Do„ do., Prefer., 6 per Cent. 3% „...
••,•• to •—•
Liverp.ol. Cros by, and Sow h
- port. ............................ 3 . Liverpool, Manche.ster. and ..... to
Newcastle: aloft .... . to
LoLondonlf, Blackwell ..
••••••13/ Gs.
..... to —DO . LT4011)4011 ........ woo.. 22% 4••••• •••••• tO