The Sun.
London, England, 1848-04-15 00:00:00

31(YNEY and Ck)NIIVIERCIAL NEWS.
• . .
CITY. Q/ /AR /../,',7? TO !`''"r
The Cotton Mark, t at Liverpool yesterday was steady.
pales, 5,000 bales. In Railway Shares there was a
urther improvement, and with a good demand.
The stock of Cotton at Liverpool is 343,320 bales,
against 495,930 bales at this time last year.
%There were some important changes in the position of
the Batik of England during the week to the Ist April.
The close of the financial quarter, and the excitement
preceding the abortive Chartist meeting, will account for
the variations that have t,ccurred, and the exports of
Million to the continent, will also assist in this respect.
The following are the items of the balance sheet coin
Pared with the previous week :
Notes issued 28,003.385
Decrease
Rest
Decrease
Public Deposits 4,586,084
Decrease 2,554 641
Other Deposits 11,961,862
Increase 2,381,478
Seven Day and other Bills
Increase 81,864
Government Securities
Increase 961,300
Other Securities
Decrease , 476,137
Notes . . 9,767,750
Decrease
Bullion
Decrease
Active circulation .
.
Increase
iy The shipments of Gold and Silver from London
2rect, and independent of what may be in course of
exportation from the outports, still continue. Not far
shortweek,
of 80,0001. has been sent from the Metropolis this
wetk, and nearly all to the continent.
40 coin -. •
piete the remarks given yesterday under this
head, r
'Pecting the growth of cotton in our own posses-
llon -
8, we may add the following:—
".._, Taking, for exam 1786, as the year
ple, the year
whet the competition of the United States with India
*nectively began, and selecting, for illustration, Surat
cotton—the best cotton produced in India—it can be
proved by living contemporary testimony, and by the
ci
.41Pah)'s trading records, that the price of Surat
cotton was, in 1786, and in subsequent years, at, and
under, 80 rupees, or 81. per candy of 784 lbs., equal to
per lb at Bombay, the shipping port ; and the
het ht
then on the Company's chartered ships, the sole ship,
to engaged in the trade with India, was 251. 101. per
_ a, at which rate the freight of every pound of cotton
was 3 7-16 d., and the cost. delivered in London, eid.
r:r lb-; that in the year 1786 the Company sold this cotton
London at 1 lfd. per lb., cotton, which it lett at its
natural.. price, would have freely sold at 3id. to 4d. per
11., and, consequently, that it was the East India Corn-
Pwia 7 17
who, in 86, sowed the fields of the United States
cotton, by ensuring to the grower there, over the nu-
ti t
ll)"grower in India, a bonus of no less than 7d. to Bd. per
Upon every pound he could bring to market in Eng-
l_and • Secondly, it is the East India Company who,
from that time forwards down to the present hour, have
continued the same encourag' ment to the American
Irewer, to the impoverishment and ruin of the native,
for it is in evidence before a Committee appointed in the
Year 1847 by the Government of Bombay, to inquire
into the causes of the decline of the cotton trade of that
Presidency, that taking the medium price of a candy of
Surat cotton now, as it was in 1786, 80 rupees, or 81.
at the shipping port, the sum which the company have
liken Irom the native, as land tax and duty, is 48 ru-
ries, or 41. 16s. per candy, leaving him for the sweat of
s brow and the sustenance of his family 32 rupees, or
al. 45., not quite one penny (-1 45-4 ed.) per pound.
Y, theThirdl after having levied this
land-tax on the native, imposes a heavy export
duty upon the same cotton whenever it arrives
through the worst roads, and after a transit oc-
cupying days and weeks, for shipment at any port in
the Company's territories. It is superfluous to say that
if such had been " the encouragement" given to Cotton
in the United States, not a pound could there have been
Produced ; and that if it had been possible to treat in a
similar way the growth and trade in corn in the United
Kingdom, Englishmen would long since have been
Starved out of their own country.
The Fur:cis have been heavier to-day, and after the
settlement of so heavy an account there is some lassitude
exhibited.Consols have realised 82 to 82-1; for transfer next
Week, and 82 to 3 for account. The New Three-
Staock
nd
le Quarter per Cents. have been 811 to 3. Bank
has risen to 188. Exchequer-bills have been 40s to 42s
premium. . .
•
In the Foreign Market the dealings have been also
limited. Spanish Five per Cents. have been lOi' Cent and
the Three per Cents. tel. Portuguese Four per .
Bonds have been at 15. Stockßrazil
is worth 58.
Mexican Bonds are marked 143 to 1. Dutch Two.and-
a-Half per Cents, have been 37 to 38.
Railway Shares have varied but littlEe.
oLOSTN 0
oN—
PUICEB OF BRITISH FUNDS ).1 LOCK. EWES
188
803
Back Stock ...........................188
3 per Cent. Reduced Anna .. 801,4% 4
$ per Cent. Consols Annuities...... 82%
82 8214 82
New 314 per Cent. Anna...—. ..... 80a % 21%
Long Anns.to expire J an. 1860 .•• --
Ditto, Oct. 10, 1859 ..... .....• BWI
India Stock ...... •. ......... ' ........
India Bonds, 1,000/.
Ditto under 1,0001... _ 21 t
Consols for Account ..... ......
Exchequer Bills. 3d.
1,000/.
500/. „_„ ......... _ ..... 42 p 42p
small
ONE CLOSII%
PRICES OF FOREIGN fI:NDS. O'CLOCK. PRICE S.
Brazilian Bonds ............... . tB Cl

8%
227

Do., New, 1843 .......... ...•••

.................. 59
Mexican, 5 per Cent.. 1846 ......... 1414%
Ditto, Account ......... . —
Peruvian Bouds, 6 per Cents...... '29 30
Portuguese 5 per Cents. ............
Ditto, 4 per Cent ................... 15
Spanish 5 per Cent. 1840 ......... 10%
Ditto 3 Der Cent... ...............
ble in London.
Dividends on the above pay
37
Dutch 2% per Cent., 12 Guild....
PRICES OF BUSINESS DONE CLOSING
ILA.IL PAID. AT ONE O'CLOCK. PRICES.
AimirdeWAY SIiA.RES.
en .................. 50 — ...............
Amber., Nutt., Boston,
and Eastern Junction 314 ... .
Ayrshire and Galloway.. 2%
Belfast & County Down 13 ......
Birmingham and Ox-
ford Junction ... 20 ...... .......
Birmingham, Wolver-
hstmpton, and Dudley 10 .....
Birming.,Wolverh'pton,
and Stour Valley ...... 10/. 145... ..•
Birkenhead, Lancashire,
and Cheshire Jun,;.... 7N ..... . .•. . .....

--,...
Boston' - Stamfd & Birm. 5
Bristol and Exeter B5 ......
--
Ditto, Thirds .... ..... 20
Buckinghamshire... 121. 4s.
Caledonian
4
Ditto, Hilt Shares .. 614
Ditto,Clydesdale June 50 —
--
Chester and Holyhead... 371/2.--
Ditto, Preference l5 ..... .
Clarence
Do. Ist Class, 6 per Ct. 10
Do. 21 Class, 5 per Ct. 10 . ..-- •••

Do. Government Loan,
4 per Cent.

Direct. London & Ports-
mouth
Dublin and Belfast June. 25

DtindallCl Enniskillen 171...
East Anglia, 251., L. &
E. and L. and D... D. 25 •••
Do., 181., E. & H.... 18
Do., 3/. 105.
Eastern Comities— ..... 20 •13 13
Eastern. 9
Ditto, Extension, 5 per
Cent., No. 1......6/. 13s. 4d....
Ditto ditto, No. 2...61. 13s. 4d... ••••••
Do., North. & Eastern 50
Do., Quarters ......... 121. — ....
Do., New
Eastern Union 5O .
Ditto, Quarter Shares 12'4 —
Ditto, Thirds .......135.4d..
Do. (guar. 6 percent.) 10 . ...
Ditto, ditto
East Lancashire
Ditto, New
Ditto, New Quarters 6M...•••6M......
East Lineo:nshire 161,4

Edinburgh and Glasgow 50 •••••• •••••••••• •••
Ditto, Half Shares ... 15 .. ..
Ditto Quarter Shares 124......

Edinburgh and Northern 25"...............
......
_—
Ditto, New.. 33/,', —
Ditto, Newport l2 ......
....
Ditto, ditto, New Ol/ ... —
Ezeter,Yeovil, & Dorcb 2.),t).' ...... —: ..... ...... _
Ditto, New
Glasgow, Dumfries, and
—'Carlisle ..... ... ..8/. 68. 8d
...
........ '"
Glasgow,Kilmar., & Ayr 50
Ditto New ... ...... ... 40
Do. Preference Consol. 15 - ...... ' 34
Great Northern
Do., London and York 24,...... ••••• - —1
Great South. and West.
(Ireland)
Great North of England.loo ....
Ditto, New, 40/
Ditto, New, 301
Ditto, New, 151 6l/2.. ..
Great Western ........... 90 8.%
Ditto, 14 Shares 5O
Ditto, '4 Shares ...... 17%.„
Ditto, Fifths.. ......... . 2() .
Ditto, New 171.... 9%.. *:
..
Huddersfield and Manch. 26 ......
Ditto, ._...

Bull and
Ditto, Half Share ******* •".
'••

.o,
Ditto, 14 Shares - %::::
Ipswich & Bury St. Edrn 17% 41,, 1) •• .....,..
Do., do., and Norwich 17th __ • 2
••• A ......
Do., do., Extens. Scri p .
(late Carnb. & Ely) 21,6 _
Lancaster and Carlisle... 50
..... ....
~ ..
Ditto, Thirds .........10
............
Lancashire & Yorkshire 93
Ditto, ditto ............ S 2 —. 6B .., :: .. .. .. . .
.. :
68
Ditto, i,4 Shares ...... 43 ...
Do. Quarter Shares-. 14%...••• ... ....... .... 3-6%
Do. Fifths... ......... ... 9 ...... ... —
Do. Sixteenths ......... 6145..4 ......
Do. Thirds (Reg.)....10/..... 8 dis•—••••• BI,E dis.
Du. Lirerp. and Bury 43 .....
Ditto 1/2 (late Hud-
dersfield and Sbeff.) 33 ..—.. ..... ..
Do.(Wakefield,Ponte-
Tract, and Goole) ... 50 ......
Do.( W. Riding Union)4/.25... ...
Do. (Preston & Wyre) 25
Do. % Shares( A)... 9
Leeds and Bradford
Leeds, Dewsbury, &c.... 42 .2..... ,
Do., Half Shares 171,4. ~ , .. ...
Pei (blue) buip 21‘...,. 4 ••• IP.