The Sun.
London, England, 1848-04-25 00:00:00

I

.51(—) E and CIJMNI E C A_ .
CITY, QUARTER TO !!!-'1 E;
In the Cotton Market at Liverpool yesterday the sales
were 5000 bales. American realised 4d. to 51d . per lb. Priceswere steady.
The Railway
Share Market was closed for a holiday.
In the foreign accounts received to-day there i, nothit g
of prominent interest. Affairs on the Continent continue
as unsettled as ever, but there is no immediate move-
ment. The reported intention of the French
Government 'to take the Railways in hand,
;and give rentes in payment, excites confltet-
`eg opinions. Some parties would prefer much
the retaining of their shares, while others, would not
be disinclined to accept French stock. It should
be remembered, however, that Government security
is not worth much just now, and that an addition to the
debt would materially deteriorate its market. Still, so
low have shares sunk that the holders at present prices
• might be gainers, and would probably approve of a corn •
Promise,, as raising for a time at least, the market value
or their investment.
"An equitable adjustment of the National Debt," how
u.esirable, and yet how apparently impracticable. Never-
theless these are no " piping" times of peace, and as no
one can tell how soon our burdens may require to be in-
creased, so should any suggestion that looks at all
f
easiblo, be taken into account. In a pamphlet just out,
a writer broaches the following plan:—
" Now it is suggested that this difficulty may be over-
nrhe by bringing into action an entirely new principle,
whereby perfect justice would be done between all par-
ties, which is,
." To gradually convert the National Debt into Ter-
minable Annuities, under the direction of the Govern-
ment for the time being.
" To effect this, it is suggested that an Act of Parlia-
fe obtained, either authorizing the creation of an entirely
pew :and responsible board specially for the purpose, or
extending the powers of the present Commissioners for the
!eduction of the National Debt, and empowering such
board to purchase Consols and other stock in the market,
litaunditiree:issue the same in the shape of terminable an-
he
stsock equivalent in amount to the annual interest of
so purchased and converted.
" It may here be noticed that long annuities already
r rill a considerable portion of the debt, and have always
Zeett as marketable as consols, or any other permanent
I'°elt, to which in fact, they have always adjusted them •
" Three conditions are essential to any proposal for
the extinction of the National Debt, viz., it must be just.
_e_Pedient, and practicable; and to unite these important
requisites is the great problem."
apprehend that there would be a host of diffi-
n_t s to contend with in carrying out this this ar-
r'llgerfaent, not the least being that terminable annuities
would increase the present burdens of the country, al-
ethough affording ultimate relief; but it is " high time"
statesmen directed their attention to these practical
matters,
The Stock Market continues tolerably buoyant, and
appears
~ still to have a rising tendency. It would seem
Ift.lat there are sales of Reduced for re-investment in
uonsols, but this is not an operation in which the
Public are likely to engage to any extent, as the
dealers in the house take the lion's share of
the benefit in these cases. Consols have been 82i- to
4,2tsi for present Transfer, and 82* to for Account.
" New Three-and-a-Quarter per Cents. have been
81 to 82. Bank Stock is worth 187 to 189; and East
India 227 to 229. Exchequer-bills have been 425. to
455. premium.
In the Foreign Market there is a limited business,
but. the quotations are again rather higher. Spanish
Five per Cents. have been 121 to 12k, and the Three
er Cents. 22 to 921; Portueliese Four per Cents. have
been marked 15 to 151, and Brazilian 67. INlexican
Stock has been marked 15. Dutch Two.and.a-Halt per
Cents. are firm at 40 to 41,
Railway Shares have been extremely dull, but are held
rather firmly, including the French.
RBITISII FUNDS TUIS DAY AT ONE O'CLOCK.
(From the Official List.)
Bank Stock 188 189 187
3 per Cent. Reduced Annuities
iR
3 per Cent. Consols Anns..
New 3,4 per Cent. Aura. Bl-Al% 82 81%%
,
Long Annuities, Exp. Jan. sth, 1860 -16 74
Do. 30 Years, Expire Oct. 10, 1859 Bl/s
Do. 30 Years, Expire Jan. 5, 1860.. 8 7-16
India Stock 227 229
Do. Bonds, 10001 23 pDo.
South Sea Stock
Ditto New Annuities
Consols for Account
Exchequer Bills. 3d.
1,0001.
500/ 42 p
PRICE OF FOREIGN FUNDS AT ON E O'CLOCK.
Brazilian Bonds, 5 per Cent
Buenos Ayres Bonds, 6 per Cent 2O
Mexican Bonds 1846, 5 per Cent .. 15
Peruvian Bonds, 6 per Cent
Ditto for the Account
Portuguese Bonds, 5 per Cent
Ditto 4 per Cent.
Ditto for the Account ...... 15%
Russian Bonds, 1822, 5 per Cent B9
Spanish Bonds, 5 per Cent, 1840
Ditto for the Account . 125/A%
Spanish Bonds, 3 per Cent. .. 22 22%
Dividends on the above payable in London.
Dutch per Cent.,l2 Guild 4l 40
Ditto 4 Der Cent. Certificates
BUSINESS DONIS IN RAILWAY SHAKES AT ONE O'CLOCK
RAILWAYS. PAID. PEI
Aberdeen
Amber., Notting., Boston, &c
Ayrshire and Galloway
Belfast and County Down .. 13 ..
Birmingham & Oxford June... 20
Birmingham, Wol., & Dudley 10 ... .
Binning., Wol., & Stour Val. 10/.145....
Birkenhead, Lancashire, and
Cheshire Junction..
Boston, Stara., & Birming... 5
Bristol and Exeter

...... to
Thirds ...... ... ..... ... 20
Buckinghamshire..• l2/. 4s — ...... to
Caledonian
14
to
Ditto, Half Shares
Ditto. Clydesdale Junction 50
Chester and Holyhead 42% — to
r. Ditto, Preference
Clarence.
CO., Ist Class, 6 per Cent
D0.,2d Class, 5 per Cent... 10
Do., Gov. Loan, 4 per Cent. 10
Direct London & Portsmouth 33% — to
Dublin and Belfast Junction.. 25
Dundalk and Enniskillen ... 17% — to
East Anglia, 25/. L. & E.,
and L. & D 25 ...... ...... to
Ditto, 181., E. & H lB ......
,
Ditto, 3/. lOs E. & H... 3% — to
Eastern Counties
Perpet.,s per ct. No. 1,6/. 138.4 d — •••••• to
"0, do N 0.2,6/. 13s. 4d.
Do., Northern & Eastern... 50
Do., Quarter 12q...
D 0., New
48stern Union ... ..... N
Ditto, Quarter Shares
Ditto., Thirds .. ......... ...130. 4d — to
Ditto (guar. 6 per cent ) ... 10 .
Ditto, ditto
East Lancashire
Ditto,New
Do, Nevi Quai ters
East Lincolnshire 614 — to
.. 16% ......
(linburgh and Glasgow
Ditto, Half Shares
Ditto, Quarter Shares 12%
Edinburgh 1.,2c1 Northern ... 25
Ditto, New...
... ..... ...... 3% —
...... to
, New poi t l2
, Dittotto, ditto, New 24
x,/teter, Yeovil. & Dorchester 24 — ...... to
Ditto, N .
0, ~. evr 2% — to
'ttsg, Dumfries, & Carlisle..B/. 6-.8d... to
Gl"gow, Kilmas aock, & Ayr 50 ......
Ditto,~ New
, uo•Preference Consolidated 15 .....
'neat Nos beeu.... .......... ... 13
bo. London & York Eaten. 2% — ...... to
'4. &tab. & We t. (Ireland) 40 —
Great Not; ;-'s of England 100
Ditto New 401
Ditto, New 301. ......... ...... 30 ... ..
Ditto, New 151...... ... ...... 6%...... .
Great Western
o 87%
Ditto, Half Shares
Ditto, Quarter Shares
Ditto, Fitths
Do. New 17/
Huddersfield and Manchester 26 .. ...-
Ditto, Thirds..
Hull and Selby
Ditto, Half Shares
' Ditto Quarter Shares l2 t,i —
Ipswich & Bur):St. Edmonds 1716 —

1/2"
Do. do. and Norwich -
Do., do., Extension Scrip
(ate (Camb. and Ely)
2% ...... ..... to
Lancaster and Carlisle.... ... 50
.....
to
..
Do.,Thirds
10 ..
Lancashire and Yorkshire
.
Ditto, ditto
Ditto Half Shares
t
Ditto Quarters
Ditto Fifths
Ditto Sixteenths
to
Do.
Ditto Thirds (Reg.) ... 101.4 s —
Liverpool and Bury
Do. ()Judders. and Shelf.) 33
and G001e....... .. ....... 50
Do., West Riding Union ...4/. 22.... .
D0.,D0., Preston and Wyre ... 25 ......
Leeds and Bradford ............ I:0 .....
Leeds, Dewsbury, & Manche& 42 tz.
...... _
to
Leeds—
Ditto. Blue (scrip) '.•
.... 21A ......
...
Ditto, and Thirsk ...... ......... 40 ..... 10%...
to
Do., do., Prefer., 6 per Cent 31/2. ......~
Liverpool. Crosby, and South-
t,

port.
Liverpool, Manchester, and ...... -- ...... to +.O
Newcastle Junction 21A......
London •tic Blackwall ......131.65. 8d.... 4" ......
to
Ditto New, No. 2 5l. 13s. 4d.,.. _7B ... to
Do. E ... .. to
xtension
..... . to
Lond., Bright., & South Coast 50 ...... 20% •
...... to
Do. Consolidated Eighths 4O „.... _...
...
..
to
Do. Guaranteed sper Cent. 9 ....-- .... to
Do. Pref. Cony. 5 per Cent. 50 . -
..
... to
Ditto, ditto 1859 50 .. ... ...... to
London and Greenwich... 12/. 15s. 4d... ...... to _
Ditto Preference lB/ 17s 2d... ...... to
London & North Wettern.....loo 127 128... to P. 7
Do. Quarters (L. and B.) 22 -
Do. New
Do. Fifths
Do. 40/. Shares ..... L. & M. 20 ......
Do. 10/.... M. and B. (A.) 7142. . ..
Do. 10/. .. M. and B. (B.) 'il
Do. 101. ... M. and B. (C.) 1—
Ditto,
London and S. Western....... 50
...
Now 50/........ ....... 37%... .. 26
Ditto, New 401— ..... .. -. 30 -
Di o . Tenths (Consolidated) 50 .....
Do. Tenths (Consolidated) 40
Ditto,Third4 lO —
to •-*

r.,,:.,10ri S-qislmry, & 174-ol; :I 11.. -
Loutio.aderry aqd Col.eraine... 271,::. —
Londoncia i
~ 9nd ET)l3;Sisil len 25
4 der cult.) 20
per cent. ... 3 ..,... -
& iiim lock 3