The Sun.
London, England, 1848-11-06 00:00:00

MONEY and COMMERCIAL NEWS

CITY, QUARTER TO THREE.
The Cotton Market at Liverpool on Saturday was
firm. Sales 5,000 bales. Railway Shares were lower.
The Hermann steamer has arrived, but furnishes n(
news from America of particular importance.
Tht
exchange was still drooping, and money continued rather
tight. Shipments of produce were pressed forward.
howl ♦er, as affording a means of remittance.
Advices one day later from Pernambuco repot a firm
rate of exchange.
One of the royal mail intercolonial stearcers has ar-
rived, but she does not bring later dates:—
The following is an extract of a private letter from
New Zealand :

" Wellington, June 25, 1848.
"We are still without a constitution. Indeed we are

still without a full Executive Council, for Fox, the At•

torney-General has demurred as to accepting the office
in consequence of the cancelliLg of the constitution, ano
the vagueness of the future as to any government besides
the pro. consular one which has hitherto ruled us. We
are at this date verging on three months without havinp
heard from Auckland, and know nothing of Captain
Grey. • * * * * • * *
"All contractors are flourishing, and small holdings of
land are lot every day to these of the working c:ass
who have saved money.
" Nelson is getting on rapidly since the acquisition of
the Wairau ; stock of all kinds arriving from Sidney.
and the Middle Island must eventually be the colony.
" Domett makes a most excellent Colonial Secretary.
bat we are in great want of municipal government, at
least, if not of something more.
" Mr. Eyre is very painstaking and industrious, but
his role is very confined at present, as we are without
the machinery for making laws, or amending the Auck-
land made ordinances, which aro often inapplicable
here."
Tho following is a report upon the Metal Trade, with
whickwe have been favoured by Mr. William Short:—

"Iron—For Welch bars and ;ails the inquiry continues
limited; prices are nominally unaltered, but makers
being disposed to take orders, it is possible to buy a
shade under quotations. Staffordshire is in moderate
demand. Scotch pigsiron has fluctuated during the
month, and about fourteen days ago some parcels were
sold as low as 41s. 6d. and 425.; since then the market
has rallied, and may now be quoted 425. 6d
to 435. mixed Nos., and 445. to 455., :all
No. 1, at which considerable business has been
done. Tho stock at Glasgow continues small.
Swedes Iron is in less request, and sales
have been made at 111. per ton, but hold-
er s ask higher rates. Swedes steel is unal
tered. Copper is in fair demand. Tin—English has
beea anced 41. per ton on common, and 6/. per ton on
refined tin ;The scarcity of the latter has had the effect/of
raising the price of foreign tin admissible to home con-
sumption to 86s. for Banca, and 84s. for Straits, while
Banca for exportation commands but 765. Tin plates
are in good demand, at the quotations; for delivery in
spring they may be obtained a shade lower. Lead is in
fair request for home consumption, but slightly inquired
after for export. Spelter has been in slight re-
quest during the month, but from the firm
accounts from Hamburgh, with the moderate
stock here (2,750 tons against 2,900 tons at
this period last year) to meet the :approach of winter,
has caused holders to demand higher prices, and al-
though a parcel of Belgian has been sold at 141. per ton,
yet the market may be quoted at 141. ss. to 141. 10s.,
whilst some parties ask a still higher rate."
The reduction of the town ot Vienna has not exer-
cised much influence upon the Funds, the mar ket being
extremely quiet. The tenons of the financial ac-
counts from Paris is so unsatisfactory, and the decline in
the price of the Petite so continuous, that a little
anxiety is expressed lest the French Governmeht should
find itself seriously embarrassed ere long for want ot
pecuniary means. The accounts from Ireland are like-
wise very unsatisfactory. Consols have ranged from 85'1
to 86. The New Three-and-a-Quarter per Cents. have
been 854 toil-, and the Three per Cents. $4:l to 4. Bank
Steck is firm at 190. India Stock has realised 233.
Exchequer-bills have not been higher than 365. to 40s.
premium fur those of March; and India Bonds have
been 375. to 40s. premium.
In the Foreign Stock Market there is so little doing
that prices are merely nominal. Mexican Bonds have
declined to 211 and 204. Spanish Three per Cent. Stock
is nominally 23 to 4 ; Portuguese Four per Cent, 224 to
234 ; and Bcazilian, old, 72 to 74. Dutch Four per
Cents. have teen marked 694 ; and Danish, 624.
The Railway Share Market is dull this moraing, but the
quotations are, in some instances higher than on Satur-
day, viz.—Caledonian, Great Northern, Great Western
and Midland. The others are much the same.

ONE CLOSING
PRICES OF BRITISH FUNDS. O'CLOCK. PRICES.
Bank Stock l9O 190
3 per Cent. Reduced A.,,ns 84%3r4 843/4
8 per Cent. Consols Annuities B6 85% 861 A
New 31% per Cent. Anu5....... 85141,% 851/2
Long Anns. to expire Jan.lB6o -16 9-16 8 9-16
India Stock 233 233
India Bonds, 1,0004
Ditto under 1,0001.. .
Oinsols for Account B6 853/4 861/s
Eacheqinr Bills. 2%d. & 2d.
1,0004 March ......
1,000/. June
5001. Match.
500/. June
Small, March .. 33 p 38 p
Small, June
PRICES OF FOREIGN FUNDS ONE CLOSING

O'CLOCK. rRICES.
Danish Bonds. 1825, 3 per Cent 62 EA 62%
Mexican, 5 per Cent. 1846 21% 20% 20%
Portuguese 5 per Cents. —
Ditto, 4 per Cent — 24
_ .. . .

Dividends on the above payable in London.
Dutch 2% per Cent., 12 Guild.... 45%
Ditto, 4 per Cent Certificates 697 69%
PRICES OF
BUSINESS DONK CLOSING
PAID'
RAILWAY SHARES. AT ONE O'CLOCK. PRICES.
Aberdeen
Amber. Nott., Boston,
and Eastern Junction 414......
Ayrshire and Galloway.. 5
Belfast & County Down 19 ......
Birmingham and. Ox-
ford Junct., calls duly
paid, or with a guarau. 20
Do, without guaratitee 20 . ...
Binning, WolverlftOn,
and Dudley, calls duly
Rd, or with guarantee 10 .....
Do. without guarantee 10
Birming.,Wolverh'pton,
and Stour Valley 131. 145... .. ......... ...
Birkenhead, Lancashire,
and Cheshire June 10
Boston, Stamfd & Birm. 5 ... ..
Bristol and Exeter 9O
... .. 54
Ditto, Thirds
Buckinghamshire... 14/. 4s. -
Caledonian -
Ditto, Half Shares
Do. New 10/. Pref..... 5 ...... 414 % 4l/3
Ditto,ClydesdaleJu
Holyhead...nc 50
.Cliester and
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. 35 .
Dundalk & Enniskillen 'A ..--
.....
East Anglia, 25/., L &
•E• and L. and D...... 25 .....
Do., 18/., E. & IL— 18
Do., 3/. 10s.
Eastena Counties........ 20 ...... 1234%;% 12%
Do. New Guaranteed
6 per Cent.
Ditto,Extension,s per
Cent., No. 1 6/.135. 4d....
Ditto ditto, No. 2...61. 13s. 4d...
Do. North. & Eastern 50
Do., 5 per cent.
Do. Quarters .... ..... 12% ..... -..... .
Do. New ... 84
Eastern Union, Cie , A

_ , .... 1 ass _
(late E. U. Shares) 25
Ditto, Class A, ditto... 1
Ditto, Class B (L &
and B.) 2O
Ditto, Class C, ditto... 20 . ....
Do. crip (6 per cent.) 10 ......
Ditto, ditto
Ditto (C. & E.) guar.
5 per cent............ 2% . ...
East Lancashire
Ditto, New
Ditto, New Quarters 61. E —
Do., 6 per Cent. Pre-
ference Quarters ... 6LA —
East Lincolnshire ....„ 25
Edinburgh and Glasgow 50 .._ 39
'Ditto, Half Shares ... 15 .. ..
Edinburgh and Northern 25 —
Ditto, Newport ls
Exeter,Yeovil, & Dorch. 2%
Lasgow, Dumfries, and
Carlisle
qlasgow,Kilinar., & Ayr 50 ......
Do. Preference Consul.
Great Northern
Do., i. 2 A Deferred ... 121%
Do., % B 6 per Cent.
guaranteed ... ..... 4%. '
Do. Extension 2l/2 •••
Great South. and West.
(Ireland) - ••• ......
Great North of England 100 ....•• .... • •
Ditto, New, 401 4O
Ditto, ditto
Ditto, New, 30/ 3O
Ditto, New, 151......... 14 .. ••••
tieat Western 9O ... 79 78 .........••
Ditto, % Shares 5O ......
Ditto, 14 Shares
Ditto, Fifths
Ditto, New 171........ 13 ••• 101,42
luddersfield and Manch. 30
Ditto, Thirds
lull and Selby .. ...... 50
Ditto, Half Shares ... '25 .....•
Ditto, 14 Shares
Lancaster and Carlisle 5O ......
Ditto, Thirds
Lancashire & Yorkshire 93 -
Ditto, ditto
Ditto, 1/2 Shares ...... 43 ... ..
Do. Quarter Shares... 171/2
•••
Do. Fifths... ... 9
Do. Sixteenths 61,4
Do. Thirds (Reg.)..... 13 ..... 3 ... .........
Do. New,Gua.6 per ct. 5 ...... ... —
Do. LiTerp. and Bury 43 ......
Ditto 14 (late Hud-
dersfield and Sheff.) 43
Do.(Wakefield,Ponte-

Tract, and Goole) ... 50
Do. (W. Riding union) 7 ..
Do. (Preston Sc Wyre) 25
Do. % Shares (A)... 9%
Leeds and Bradford 6O
Leeds
,Dowibury,fic.... 50