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 Exelanges 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 you extracted from the
Moniker, 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 received 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.
"4 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, therefore, 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 if 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, &c.
(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 13,400 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 85k to 86 for Transfer, and
86 to it for Account. Exchequer-bills of March have
been 295. to 325. prem., and India Bonds 28s. to 30s.
premium.
The Foreign Securities have been very firm. Portu-
guese Four per Cents. have realised 24, and Spanish
Three per Cents. 23k. Mexican have improved to 174
and 183 i. This Stock is in favour just now. Dutch
Two-and-a-Half per Cents. are 454 and the Four per
Cents. 71 j. Peruvian Stock is at 24.
The Railway Share Market has been heavy again
to-day.
BRITISH FUNDS THIS DAY AT ONE O'CLOCK.
(From the Official List.)
3 per Cent. Consols Anna 85% 86
India Stock
Do. Bonds, 1000/ 3O 23 p
Ditto under 1.0001
Consols for Account
Exchequer Bills. 214 d. 2d.
March. June.
1,0(231.
5001. 30 29 p
Small 33 29 p 28 p
['RICE OF FOREIGN FUNDS AT ONE O'CLOCK.
Mexican Bonds, 1846, 5 per Cent l7%3Ai
Ditto for the Account
Peruvian Bonds, 6 per Cent 293/4
Portuguese Bonds, 5 per Cent
Ditto 4 per Cent.
Ditto for the Account .
Spanish Bonds, 3 per Cent 2314
Dividends on the above payable in London.
Dutch 2lh per Cent.,l2 Guild 4514
Ditto 4 ner Cent. Certificates
BUSINESS DONE IN RAILWAY SHARES AT ONE O'CLOCK
RAILWAYS. PAID. Ps& Sam.
kberdeen
tkrnber., Notting., Boston, &c 33/4 —
Ayrshire and Galloway
Belfast and County Down .. 171 A .. ..
Birmingham & Oxford Junc... 20
Birmingham, Wol., & Dudley 10 ... .
Birraing., Vol., & Stour Vat. 131.145.... 5 dis to
Birkenhead, Lancashire, and
Cheshire Junction..
Boston, Stamf., & B'-wing... 5
Bristol and Exeter . BS
Do., Thirds
Buckinghamshire„
Caledonien
Ditto, Half Shares
Ditto, New 101. Preference 2th l% to
Ditto. Clydesdale Junction 50
Chester and H01yhead........ 471..... to

Ditto, Pretereace
Clarence.
Do., lc;; Class, 6 per Cent... 10
D0.,2d Class, 5 per Cent... 10
Do., Gov. Loan. 4 per Cent. 10
Direct Lo•Lidon & Portsmouth 514 —
Dublin ard Belfest Junction.. 30
Dundalk ard Enniskillen ... 20 ......
east Anglia, 25/. L. & E.,
ayd L. & D ..•
Ditto, 18/. E. &II lid
Ditto, 31. 109., E. & 11... 3%
Eastet a Counties
12:4% ... to _
Do. New Gulrent. 6 Ir. a:. 71/ —
to
Do. Ye ‘ pet., 5 per c./sl o. 1,6/. 13s. 4d...
to
Do., do
Do., Northern & Eastsrn... 50
N 0.2,6/. 13s. 4d — t
... 50
too
Do.. 5 per ce it.—
to
Do., Quarter .... . ...... . ..... 121... ..
Do., New
to

Esstern Union, Class A (late
E. U. Shares) ...... ... .. 25
Ditto, ditto, Class A, ditto 1
Ditto, do, Cle.s B (I. & B) 20
Ditto, do, Class C, ditto... 171,4 — to
Ditto Scrip (gaa. 6 per ct.) 10 . —
Ditto, ditto
Ditto (C. & E.), 5 per et. 211......
East Lancashire
1 Ditto, New .. ........... .... •19
Do., New Quarters .. 614 —
Do., 6 per Cent. Prefei sacs
Quarter Shares 4-14......
East Lincolnshire ......... ...... 23
Edinburgh and Glasgow 5O — to
Dit to, Half Shares
Ditto, Quarter Shares 12% . — to
Et"nburgh and Ne:theia ... 25 ......
Ditto, New 614 — ...... to
Ditto, Now port
Ditto, ditto, New ... 334 — ...... to
Exeter, Yeovil, & Dorchester 2% — ...... to
Ditto, New ... 2%i —
Glas3.,_Dumtries, & Carlisle..Bl. 65.8 d...
Glasgow, Kilmarnock, & Ayr 50 — to
Ditto, New
Do.Pre,erence Consolidated 15 .—.— „
Grelt Northern l 7
Do. London & York Exten. 21,¢ — ...... to
Gt. South. & West. (Ireland) 42% — .. . . to
. _

Great North of England 'loo — to
Ditto, New 40/. 49 -
Ditto, ditto ....
Ditto, New 30/ "0 ..• .. ...... to --
Ditto, New 11 14 ...... • ••• to
Graft:, Waste's]. •99 ...... 76 ...... to
Ditto, Half Shares ...... 50 ...... 431..... to to 44
to
Ditto, Quarter Shares
Ditto, Fifths 2O ...... 16% .......
to
17
Do. New 171 — ....
to
Huddersfield and Manchester 28 .• -•—
Ditto, Thirds ... 9 ......
Hull and Selby .................. 50 ......
Ditto, Half hares .. ...... 25 ...-•
to
Ditto, Quarter Shrres ..... - 121/4 ......
Lricaqer and Carlisle.... ••• 50 ......
...... to
Lancashire to
...... to --
'Filli'hilierdasn-d- Yorkshire..;.....-... ...
9%2 ..... ......
Dlliittttoo,ffdiatitfosh. ....... .................
....
,8_36,.:
•.... to
Ditto Quartets ..... - ........ 11% — ...... to
Dit..o Fifths .................. 9
Ditto Sixteenths .. .
.... ••• 6 A
-179 ,
Ditto Thirds (Beg.) •13 • . • to
2 -.... to
Do., New Gaar. 6 per cent. 5
Do. Liveipool and
,Beynsruioer(nyA......)...
246531,...• •
__ to
Do. (Rudders. and Sheti.) 43
.
... to
Do., Wakefield, Pontefract,
••••• to
rid G001e.........
....... 50
D0.,D0. rdNoVr.eessHttoltanlifacinsndbgrWl:
to
Do.,
Leeds end 'Bradford to
50 ..... 91
Leeds,llewsloury,& Munches. 50
Do., Half Shares
Ditto, NU. (scrip) .. 214
.... 'SOHO to ..1