The Sun.
London, England, 1848-04-12 00:00:00

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C/Tl'. QUARTV: TO I',/':t-t-
The sales of Cotton at Liverpool y,-sterday were
2,500 bales American, realising 4d. to 51,1. per lb. The
market was heavy. In Railway Shares there was no
particular alteration, but prices were tending upwards.
The public iuterest in Continental affairs seems to have
!lackened a little within the last two days, probably
because the accounts are less exciting, but still there is
Much matter for reflection, even apart from politics,
* a as to the financial position of France and Austria.
...e cannot, at present, discover anything favourable in
!hs respect, though the preservation of tranquillity in
Parts
is is something at least gained.
The commercial league between Holland and Belgium
aPpears to be not yet so advanced as was represented,
though it is much to be desired in the interest of both
countries that the alliance should be effected.
The advises, per Hermann steamer, from New York
convey no intelligence of special importance, but we
do not remember to have seen before certain items from
Chili.
" By the Diario de la Marina, we perceive that news
had;:e been received from Chili as late as the 29th Decem-
r' By a decree of the President of the Republic, D.
Manuel Bulnes, dated December 23, the extraordinary
session of Congress was prorogued, although the affairs
which had oceasioned the meeting had not been disposed
of. The President believes that under circumstances
those affairs could not well be disposed of, and
therefore they had better be deferred until
next regular session. The Chilian Govern-
Mew, by a law of the 16th December, extends the
privilege
epm I
granted to vessels owned in Chili to those
thforolgnot
ownership. ' The Valparaiso ltlercu,y,' says
:a
, ' n publishing this law, makes the following
remarks, which ',se believe worthy of the &tacti-
v.'" of the other States of the neighbouring Con-
"neat, where an illiberal zeal, and an absurd envy
against foreign capital, refuse the assistance of foreign
..mercantile industry.' We remember, says the
lfercury, 'to have read an English work which
show's what places the British capitalists in advance
of all others. In America, we have to make another
confession; all our industry is stimulated by foreign
capital, and, as a consequence of this truth, we should
face in the hands of those capitalists the means of deve-
:Ping our industry. How to create a marine has been
9 object of much discussion. Some 'aish to commence
with a war, and some with a mercantile marine. In our
view, it would be better for the Government to raise
both at the same time. Our navtgation laws will soon
create that great commercial power called a mercantile
marine, which is the base of all national maritime
Power.
great lines of railroad which had been in con
teciplation in Chili had b, en abandoned, on account of
the large extent of uninhabited country through which
the road would have to pass, and the great expense
which would be incurred in constructing it. ' The
PLueoePle of Chili,' remarks the Diario, ' should not forget
t, great example given by the United States in this
class of enterprises. There also there were immense de-
serts to be crossed in order to connect the centre of
Population and riches, Soon after having constructed
the railroads, the deserts became populated, and soli-
tudes were converted into scenes et' active and indus-
trious life. The true greatness of the spirit of enter-
prise is not in seeking advantages visible to the vulgar
CO,Y but in foreseeing the latent utility of an enter-
prise, and the consequences which would result from
Its execution.' There is, however, in course of con
struction another railroad from Coquimbo to the
capital."
The election for Directors of the Bank of England is
,9" in progress. This is the first time that the house
low
has been departed from, consequently some interest
is felt for the result. The Governor and Deputy Go-
Yernor, Messrs. Morris and Prescott, have been re-
elected, and their untiring services well merit the con-
fidence reposed in them.
The Corn Market is dull to-day, at Monday's prices.
The dealings in foreign bills of exchange were yes-
terday again very circumscribed.
The Funds have been in the ascendant again to-day,
partly on account of the arrangements for the settlement,
Which at present looks _Bearish. This entirely corrobo-
rates the views we have so frequently expressed lately
tinder this head. Consols opened at 83 to /It, receded to
82i, and are now 824 to 83. Bank Stock is worth 186,
and India Stock 2311. The New Three-and-a Quarter
per Cents. have realised 82-1- to 82k, and the Three per
Cents. 811- to 81k. Exchequer-bills have been marked
375. to 40s. premium.
Spanish Active Bonds have been 10; Portuguese Four
per Cents., 14; Brazilian, 56; Mexican, 144 to i; and
Peruvian, 26. Dutch Two-and-a-Halt per Cents, are
36i to 38. Dutch Four per Cents, have been 55k.
Railway Shares have been generally better.
BRITISH FUNDS Tills DAY AT ONE O'CLOCK..
(From the Official List.)
lank Stock 186
3 per Cent. Reduced Annuities goiva.
3 per Cent. Consols Anna...- 83 83% 82% 83
New 314 per Cent. Anna. 82.%1A
Long Annuities, Exp. Jan. sth, 1860.,. 8 5-16
Do. 30 Years, Expire Oct. 10, 1859 7 15-16
India Stock 231%
South Sea Stock 89% 834
Consols for Account
Exchequer 8i115.827e 83% 82% 83
1,0001.
Small 4O 38 37 p
3i 41 37p
PRICE OF FOREIGN FUNDS AT ONE O'CLOCK.
Brazilian Bonds, S per Cent
Dan.sh Bonds 1825, 3 per Cent —
Ditto Small
Mexican Bonds, 1846, 5 per Cent —
Ditto for the Account 14141
Peruvian Bonds, 6 per Cent 26
Portuguese Bonds, 5 per Cent —
Ditto 4 per Cent.
Spanish Bonds, 5 per Cent, 1840
Ditto Passive Bends 2%%
Dividends on the above payable in London.
Belgian 4% per Cent
Dutch 2% per Cent., 12 Guild 3B 36%
Ditto 4 Der Cent. Certificates
Ditto for the Account ... 55%
IltlrslNEBB DONE IN RAILWAY 811A1tE5 AT ONE O'CLOCK
RAILWAYS. PAID. Fa SliAll•
Aberdeen
Amber., Notting., Boston, &c. 3tA — ...._ to
Ayrshire and Galloway
Belfast and County. Down .. 13 .. _
111irmingnam & Oxford June... 20
Birmingham, Wol., & Dudley 10 ... .
Bi ing., Wol., & Stour Val. 101.14 e....
Birkenhead, Lancashire, and
Cheshire Junction..
Boston, Stamf., & L.rming... 5 .... to
Bristol and Exeter . BS
D0., Thirds
Buckinghamshire l2/. 4s —
Caledonian
Ditto, Half Shares
Ditto, Clydesdale Junction 50
Chester and Holyhead... 37% — to
Ditto, Preference
Clarence.
Do., let Class, 6 per Cent
Do., 2d Class, 5 per Cent... 10
Do., Gov. Loan, 4 per Cent. 10
Direct London & Portsmouth 3% — to
Dublin and Belfast Junctioi.. 25
Dundalk and Enniskillen ... 17% — to
East Anglia, 25/. L. & E.,
sad L. & D. .. 25
Ditto, 181., E. & H lB .....
Ditto, 31. 10s., E. & H... 3%
Eastern Counties ....
Do. Perpet., 5 perct. No. 1,6/. 13s. 4d...
De., do N 0.2,6/. 13s. 4d... ... .. to
Do., Northern & Eastern... 50
Do., Quarter .... . ...... ...... 12 LA_ ..
Do., New
Eastern Union
Ditto, Quarter Shares ...... 12% —
Ditto., Thirds ...135. 4d — to
Ditto (guar. 6 per cent.) ... 10 . —
Ditto, ditto ........«........ 20 ......
East Lancashire
Ditto, New
Do., New Quarters
East Lincolnshire ......... ..-.. 16%......
Edinburgh and Glasgow
Ditto, Half Shares
Ditto, Quarter Shares 12% — to
Edinburgh and Northern ... 25
Ditto, New 3% to
Ditto, New port l 2

...... .-
Ditto, ditto, New ... VA .. to
Exeter, Yeovil, & Dorchester 2% — ...... to
Ditto, New ...
Glasg., Dumfries, & Carlisle-8/. 6..8d... ..
Glasgow, Kilmarnock, & Ayr 50 ......
Ditto, New
Do. Preference Consolidated 15 ..... .. ... to
Great Northern ... 13
Do. London & York Ezten. 2% — ..... to

Gt. South. & West. (Ireland) 40 - ...... to
Great North of England 100 222
Ditto, ISE w 401.
Ditto, New 30/ ... 30 . .. C(37(ii to
Ditto, New 151...... ... ...... 6t.1...... .
Great Western
Ditto, Halt Shares
Ditto, Quarter Shares
Ditto, Fifths
Do. New 171
Huddersfield and Manchester 26 .. -.
Di ttc, Thirds
Hull and Selby 5O
Ditto, Half Shares

Ditto, Quarter Shares 12% — to
Ipswich & Bury St. Edmunds 17% — to
Do. do. and Norwich
Do., do., Extension Scrip
(late (Comb. and Ely) 2% — ..... to
Lancaster and Carlisle.... ... 50
Do~Thirds
Lancashire and Yorkshire ... 93 ..... „ to
Ditto, ditto .................. 82
.....
Ditto half Shares ...... .. 38
Ditto Quarters -
Ditto Fifths
Ditto Sixteens ... ... 61.-- 2;4.... toW
th
Ditto Thirds (Reg.) ... 10/.4a
,1 and Bu: - 38 .

Do. Liverpoo, _Dr... _
.....
. . to
Do. (Rudders. and Sheff.) 33 ......
Do., Wakefield, Pontefract.
and Goole SO
Do., West Riding Union ...41. 2a..... _
Do., Preston and Wyre ... 25
to
-
Do., do., Half Shares (A) 9 — -

Leeds and Bradford
Leeds, Dewsbury, & Munches. 42% — to
Do., Half Shares
Ditto, Blue (scrip) ... 214 — ...... to
Leeds and Thirsk ........ ...... 40
Ditto, New
Do., do., Prefer., 6 per Cent. 3%. .... ...••• to
Liverpeol. Crosby, and South-
port.
Liverpool, Manchester, and
Newcastle Junction 2I,E ii
London )ic Blackwall ......131. 6s. 8d....
Ditto New, No. 2 5l. 13s. 4d.... ... .. to --
Do. Extension
Load., Bright., & South Coast 50
Do. Consolidated Eighths... 40
Do. Uttazanteed 5 per Cont. 9