The Sun.
London, England, 1848-06-13 00:00:00

14 V,

MONEY and COMMERCIAL N NV S.
CITY, QUARTER TO TH,ep.
The Cotton market at Liverpool yesterday was steady.
Sales 4,000 lo 5,000 bales. American realised 31,1. To
58d. per lb. Prices were much the same as on Friday
last. Railway Shares were tolerably firm. A inocf,rate
business was done. More stock was offiring, but pre-
vious rates were obtained.
A perusal of foreign papers, and the information de-
rived from private mercantile letters, does not afford us
any information of a cheering nature with respect to
the state or prospects of trade on the Continent.
Private accounts from Lyons mention that business
there is so miserably depressed that almost any change
would prove a relief, and war, consequently, was be-
coming much more popular, even among the reflecting
and moderate people. The writer expresses his deter-
mination to quit Lyons and reside in Hamburgh for the
present, where, bad as matters may be, ho expects to be
surrounded by less excitement and distress.
Accounts of Feb. 5 from Adelaide, South _Mist alb,
state that the colony was in a flourishing condition.
What with mining pursuits, land sales, boiling-down
establishments, arrivals of immigrants, and a surplus
revenue, one would receive the impression that South
Australia is now the most nourishing settlement
of the mother country. Still it should be borne
in mind that mining industry is the chief " stay" of the
colony, and that in this respect it may be less suited
than others to the agriculturist. The ships Royal
Archer and Success had arrived out from England with
emigrants.
Swan River advises of January 10 advert to the
extreme scarcity of labourers, who are stated to be re-
ceiving ss. a day in many instances.
It is mentioned as a " piece of news," that so great
was the scarcity of lawyers there, that application had
to be made to the legal fraternity at Adelaide, to fur-
nish a gentleman qualified to conduct a suit in equity.
Formerly the mercantile marine of the Hon. East
India Company was superior to that of any other body,
at home or abroad, but despite our navigation laws the
palm is no longer with us, for it is indisputable that the
most splendid ships now engaged in commerce are the
American " liners," as they are distinguishingly
termed. There is a vessel now in the London
Docks, the Devonshire, which should excite the
emulation, as it must the admiration, of our ship-
ping interest, and we are not surprised that
her urbane commander, Captain Morgan, succeeded yes-
terda) in inducing a numerous and distinguished party,
including several of the foreign Ambassadors, &c., to
inspect the ship. If, as Mr. Bancroft justly remarked
upon the occasion, it is commerce that civilises, and the
weavers shuttle hat winds the bonds of amity around
nations, if, as his Excellency no doubt truly further
stated, it is the pride of the American to trace his
origin from the old country, and his earnest wish that
come what may, the " States" and England will con-
tinue, with other " goods," to drive free trade
in "good feeling," we can imagine no more pleasing
sight than that of a noble ship constantly
traversing the Atlantic, freighted not alone with cargo,
but with friendly visitors. M. Van der Weyer also
dwelt upon the pleasing topic of peaceful relations, nor
was the Dutch Ambassador behind him in his senti-
ments. Such ships as the Devonshire, the Prince
Albert, and others of that class do more to " bridge"
the Atlantic, and increase the wealth of Europe and
America, by honourable rivalry and indefatigable in-
dustry, than all the " protective " laws we can
devise. As a passing remark, we should state
that the American Government, far in advance
of every other, has made the most satisfactory
proposals to the British Cabinet respecting the estab-
lishment of much less restrictive laws upon shipping,
and we have learned, in the course of conversation with
American sea-faring men, that our shippers might enjoy
participation in the whole coasting trade of America,
provided we conceded corresponding advantages.
The Funds have given way to-day upon some money sales
being pressed, and there is very little doing, the advance
of yesterday afternoon, when Consols reached 834 I
deterring speculation. The prices to-day have been
844, and 84t for Transfer, and 844 to 848 for Account.
Exchequer Bills have realised 40s. to 425. premium.
Bank Stock has been quoted 191. The New Three-
and a- Quarter per Cents. have been 838 to 841.
The Foreign Market is in a perfectly dormant con-
dition. Mexican Bonds are 15i- -1-,, and Brazilian 68i ;
Dutch Four per Cents. 634 ; Portuguese Four per Cents.
are nominally 16 to 17, and Spanish Three per Cents.
228 to 23.
Railway Shares are very quiet, but steady generally.
BRITISH FUNDS T. 1.118 DAY AT ONE O'CLOCK.
(From the Official List.)
Bank Stock ...191
3 per Cent. Reduced Annuities 83% 83
3 per Cent. Consols Anns 84:y41%
New 314 per Cent. Anns. B4 841 83'78
Long Annuities, Exp. Jan. sth, 1860 B% 9-16
Do. 30 Years, Expire Oct. 10,1859 Bl4
India Bonds under 1,000/....... ....... 17
_p
South Sea Stock 903/4
Ditto New Annuities
3 per Cent. Annuities, 1751
Consols for Opening
Exchequer Bills. 2d.
1,000/.
Small 39 p
PRICE OF FOREIGN FUNDS AT ONE O'CLOCK.
Brazilian Bonds, 5 per Cent
Grenada, 1 per Cent. ...... 12%
Mexican Bonds, 1846, 5 per Cent ..
Ditto for the Account ....... 1534%
Venezuela Bonds . 161/2
Dividends on the above payable in London.
Dutch 21/2 per Cent.,l2 Guild
Ditto 4 per Cent. Certificates
BUSINESS DONh IN RAILWAY SHARES AT ONE O'CLOCK
RAILWAYS. PAID. PER SHARE.
Aberdeen

Amber., Notting., Boston, &c. 3% — to
Ayrshire and Galloway 2% to
114:lfast and County Down .. 14% .. ..
Birmingham & Oxford June... 20
.., . ... .., ...

Birmingham, Wol., & Dudley 10 ... .
Binning., Wol., & Stour Val. 121.45. ...
Birkenhead, Lancashire, and
Cheshire Junction..
Boston, Stamf., & Birming... 5
Bristol and Exeter
D0., Thirds
Buckinghamshire..- . 141. 4s
Caledonian
Ditto, Half Shares
Ditto. Clydesdale Junction 50
Chester and Holyhead... 42% ..... to
Ditto, Preference
Clarence.
Do., let Class, 6 per Cent... 10
Do., 2d Class, 5 per Cent... 10

. . _
Do., Gov. Loan, 4 per Cent. 10
Direct London & Portsmouth 514 to
Dublin and Belfast Junction.. 271,4 to
Dundalk and Enniskillen
....... 173( — to

East Anglia, 251. L. & E.,
aad L. & D
Ditto, 181., E. &II lB .
Ditto, 31. 10s., E. & H...
_3% _ to

—MO, al, _ ~,
Eastern Counties
Do. New Guarant. 6 per Ct. 21, to
Do.Perpet.,s perct.No. 1,6/. 13e. 4d... to
Do., do N 0.2,61. 133. 4d...
Do., Northern & Eastern... 50
Do., 5 per cent.
Do., Quarter l2 %... ..
Do., New
Eastern Union, Class A (late
E. U. Shares) ...... ... .. 25
Ditto, ditto, Class A, ditto 1 . to
Ditto, do, Class B (I. &,B) 17%. — to
Ditto, do, Class C, ditto... 17% — to
Ditto Scrip (gua. 6 per ct.) 10
Ditto, ditto ......... ......... 20 ......
Ditto (C. & E.), 5 per ct. 2% — to
East Lancashire
Ditto, New • • 17
Do., New Quarters
East Lincolnshire 20% to

Edinburgh and Glasgow so
Ditto, Hall Shares
Ditto, Quarter Shares 12% to
dinburgh and Northern ... 25 ......
Ditto, New..... ... ..... ...... 614 — ...... to

Ditto, New port l3 —
Ditto, ditto, New 33/4
Exeter, Yeovil, & Dorchester 2% — ...... to
Ditto, New
Glasg., Dumfries, & Carlisle..Bl. 68.8 d... to
Glasgow, Kilmarnock, & Ayr 50 — to
Ditto, New
Do. Preference Consolidated 15
Great Northern ls
Do. London & York Eaten. 2% — ...... to
. , .

Gt. South. & West. (Ireland) 42

Great North of England 100
Ditto, New 401. l5
Ditto, New 301
Ditto, New 151...... ... ...... 111,x...... .
Great Western
Ditto, Half Shares
Ditto, Quarter Shares l7l/2 151 A. to
Ditto, Fifths 2O
Do. New 171.
Huddersfield and Manchester 26 •• —•— to
Di tte, Thirds
Hull and Selby
Ditto, Half Shares . 25 •••••• 491 A to
Ditto, Quarter Shares l2l/2 to
Lancaster and Carlisle.... ... 50
Do., Thirds lO ......
Lancashire and Yorkshire ... 93
Ditto, ditto
Ditto Half Shares - 43
Ditto Quarters 14% ...... ... .. to
Ditto Fifths
Ditto Sixteenths ........... 61....„ to _
Ditto Thirds (Reg.)
Dr Now Guar. 6 per cent. 2% to

JO., _
Do. Liverpool and Bury... 43 - .
... to
Do. (Rudders. and Sheff.) 38
Do., W akefield, Pontefract,
and G001e....... .. ....... 50
Do., West Hiding Union... 6 .... . to
Do., Preston and Wyre ... 25
Half Shares (A) 9
-9_
Do., do
-rd ..- .. 50 ..... to

Leeds and Bradford
Leeds, Dewsbury, & Manches 47% — to
Do., Half Shares ............ 22%,..... to
Ditto, Blue (scrip) ...... ... 2% — . ..... to
Leeds and Thirsk ... .... ..... 45
to
Ditto, New
Do., do.,Prefer., 6 per Cent. 3%.....
Liverpool, Crosby, and South-
port.
Liverpool, Manchester, Sad
N ewcastle Junction. ...... ... 2%......
London & Blackwall ....••131.65. 8d....
Ditto New, No. 2 6/. 13s. 4d....
Do. Extension
Loud., Bright., & South o—as..
31%%... to
i 2520% .
d
Do. Consolidated Eighths... 40
Do. Guaranteed 5 per Cent. 9 .
Do. Pref. Co iv. 5 -1r Cent. 50 .. ... to

. o per ant. - .••••• --- --
Ditto, ditto ...........1852 50 ..... ...... to
London and Greenwich... 121. 15s. 4d... ...... to
18/ 17s 2d...
Ditto Preference
...... to
London & North Western.....loo
123
Do. Quarters (L. and B.) 22
Ih. New
Do. Fifths
..
...
..
.. . to o —___
1./s IA
Do. 40/. Shares.....L. & M 20 ...... ..... to
Do. 104... M. and B. (A.) 75 .... . ...... to