The Sun.
London, England, 1846-10-24 00:00:00

MONEY and COMMERCIAL NEWS.

CITY, Q ZIA a TER TO TME E.

The Cotton Market at Liverpool this week has been
active, speculators having been the chief buyers. The
sales of the week, including yesterday, were 59,900
bales. The stock is 591,400 bales, against 916,160 bales
at this time last year.
At the sale of railway shares yesterday, at Messrs.
Lamond and Co.'s, prices were firm. The following are
a few of the principal sales:—
Great Indian Peninsular £o 6 0
East Indian ...
Madrid and Valencia
Paris and Lyons 5 7 0
Eastern Counties, York Extension -3 5 6
Paris and Rouen
Yorkshire and Glasgow Union 0 14 0
Cornwall and Devon Central
Manchester and Southampton
Shropshire Union and Canal
Caledonian, New...
West Riding Union
Leicester and Bedford
Cornwall 0 16 6
East and West India Dock and London
and Birmingham Junction
Manchester, Buxton, and Matlock. 2 16 0
London and Brighton, Eighths
Churnet and Blythe
South Wales

The Great Western steamer is not yet announced.

The effect of the failure of Messii Harman and Co.
will, it is expected, not fall so heavily upon the
mercantile interest as most other stoppages of
similar magnitude, because the chief creditors of
the firm are the Russian Government, the
amount due to whom is stated to be not
far short of half a million sterling. Probably the
sum may prove not to be so large, although the house
acted for years as the agents of the Petersburgh Govern-
ment. Messrs. Masterman are said to be sufferers to the
extent of 10,0001., and one or two other parties lose
smaller sums. These periodical suspensions among houses
once standing preeminent in the mercantile world, excite
very serious reflections, and wo could point at once to a
principal cause. A firm is successfully carried on for
many years to the great enrichment, probably, of all its
partners, who retire, one by one, taking with
them the balk, and occasionally the whole of
their fortunes. New parties assume the responsibi-
lities of an immense concern with, in nine cases
out of ten, a much inferior capital, for the ob-
vious reason that they come in to make, not
invest fortunes, and if, as frequently occurs, there are
successive heavy losses in the way of trade, the magni-
tude of the business done, absorbing as it does the
diminished means of the new house, prevents their re-
covery, and in the end brings them to a stand. The
safe course, to our mind, would be to reconstruct any
firm from which the wealthier members retire,
and contract the business as a safer plan,
both for the house and those doing business
with it. Mr. Jeremiah Harman, the " great man" in
the house now in difficulties, is said to have died worth
600,000/., and the losses of the present firm in the article
of cochineal, incurred many years since, are mentioned
as one cause of their stoppage. Of course we are unable
to affirm or negative this statement.
The Funds have been very steady, but scarcely any
business has been done. Consols have been 94i to 95
' for Money, and 95 to 951 for Account. Exchequer-
bills have been 13s. to 16s. premium. The New Three-
and-a-Quarter per Cents. have been 958 to 954.
The Foreign Bonds have been very dull. Spanish
Five per Cents are 268, and the Three per Cents. 37i
Portuguese Four per Cents are at 41i. Equador Bonds
are 3i. Dutch Two-and-a-Half per Cents. are 59.
Shares are scarcely so buoyant as yesterday, but a
fair business is doing.
BRITISH FUNDS THIS DAY AT ONE O'CLOCK.
(From the Official List.)
3 per Cent. Reduced Annuities 93%34
3 per Cent. Consols Anns 94'S, 95
New 31,4 per Cent. Annuities
India Bonds 1,0001
Ditto under 1.0001
South Sea Stock 105
Consols for Nov. 26
Exchequer Bills. I%d. 11Act.
1,0001.
5001.
Ditto Small — ... 16 13 pm.
PRICE OF FOREIGN FUNDS AT ONE O'CLOCK.
Dan:sh Bonds 1825, 3 per Cent.... • 861,04
Equador Bonds
Portuguese 4 per Cents 41%
Spanish Bonds, 5 per Cent, 1840 —
Ditto for the Account 2CA,
Ditto 3 per Cent 37%
Ditto for the Account
Dividends on the above payable in London.
Dutch 21/2 per Cents
Ditto 4 Der Cent. Certificates .. 92

BUSINESS DONE IN RAILWAY SHARES AT ONE O'CLOCK
RAILWAYS. PAID. Paz SHARE.
Aberdeen -
Amber., Notting., Boston, &c. 2% 3% to -
Armagh, Coleraine, &Portrush 1% - to -
Aylesbury and Thame 1%...... -
Belfast and County Down .. 43/ . . .. -
Birmingham and Gloucester-100 129 -
Do. New (iss. at 7% dis.).. 17% 31%. -
Birmingham & Oxford June... 2 -
Birkenhead, Lancashire, and _
80-ston; Staint , ai Binning... 228, - -
Bristol and Exeter - -
Do., New - -
Bristol and G10uce5ter......... 30 -
Bristol and Liverpool June... 2% -
Buckinghamshire B4s. -
Caledonian -
Ditto, Half Shares -
Ditto, Extension - to -
Cambrian and Grand Junct.. 425. - -
Chester and Holyhead 27% ..... - -
Churnet and Blythe 2 - to -
Chester and Manchester 42s.
Cheltenham and Oxford -
Clydesdale Junction -
Cork, Blackrock, & Passages 225.
Cork and Killarney -
Cork and Waterford l% - to -
Cornwall
Ditto, Half Shares - to -
Cornwall and Central Devon 2% - to -
Derby and Crewe 2% .-- to -
Direct Lincoln, East Retford,
and Sheffield Junction 2% - to -
Direct Northern
Direct Norwich 1 - to -
Dublin and Belfast Junction.. 10 - to -
Dublin, Belfast, & Coleraine 21/ - to -
Dublin and Galway ...... ...... 4 ...... - -
Dundalk; and Enniskillen ... 10 ...... - -
Eastern Counties l4/. 16s 21%3/4... to -
Do. New l2/. 16s - -
Do. Perpet., 5 per ct. No. 1,6/. 13s. 4d... - -
Do., d 0.... N 0.2, 6/. 13s. 4d... - -
Do., York Extension 2 ...... 3%14... to -
East Dereham and Norwich 1 - t. -
Eastern Union .. 35
Ditto, Quarter Shares B3/4 - ...... to -
Do. Extension to Harwich 1% - ..... . to -
Do. Cambridge and Ely ... 2% - to -
East Lancashire -
Ditto, New • . 5 - to -
East Lincolnshire ll/4 - to -
East and West of England... 1% - ...... to -
Edinburgh and Glasgow 5O
Ditto, Half Shares - ...... to -
Ditto, Quarter Shares 12% . to -
Edinburgh and Northern ... 10 - -
Edinburgh and Perth a -
Ely and Huntingdon ... 7% - to -
Enniskillen and Sligo 2% - to -
Exeter, Yeovil, & Dorchester 51/4 - ...... to -
Glasgow, Kilmarnock, & Ayr 50 - -
Ditto, New - -
Do. 1/1 Shares (5 per et. gua.) 12% ..... - .. -
Glouc., Aberystwith, and Cen.
of Wales -
Goole, Doncaster, Sheffid., &c 42s -
Grand Union (Nott. & Lynn) 1% - ... .. to -
Great Eastern and Western... 2% - ....... to -
Great Grimsby and Sheffield 10 - to -
Gt. South. & West. (Ireland) 27% 29% to -
Great Munster -
Great North of Scotland 2l; ...... -
Great North of England 100 --- - to -
Ditto, New - to -
Ditto, New
Ditto, New
Great Western B5 - to -
Ditto, Half Shares ..... 50 -
Ditto, Quarter Shares lO -
Ditto, Fifths 2O -
Do. New
2 ...... 7,3/..... to -
Hull and Selby 5O
Ditto, Quarter Shares l2l/ - ...... to -
' Ditto Half Shares -
Ipswich & Bury St. Edmunds 111,4 - ...... to -
Do. do. and Norwich 2% - to -
Killarney Junctions l% - to -
Kendal and Windermere
Lancaster and Carlisle 45 - ...... to -
Do. New 5
Larne, Belfast, & Ballymena 42s - ...... to -
Leeds and Bradford .. 30 -
Leeds and Carlisle - ...... to -
Leicester and Birmingham... 225. - ...... to -
Leizester and Bedford 22s.
Leeds and Dewsbury - to -
Liverpool, Manchester, and
Newcastle Junction 2% - ..... to
Liverpool and Bury l4 - to -
London N: Blackwall...l6/. 13s. 4d - to -
Do. New .. 3 - to -
Do. Extension -
Loud., Bright., & South Coast 50
Do. Fifths 4O ...... 4814 to -
London and Croydon...l3/. 15s. 9d - -
Do. Guaranteed 5 per Cent. 9 ...... -
London and Greenwich... 12/.155. 4d... - ... to -
Ditto Preference lBll7s 2d... - ...... to -
London, Hounslow. &Western 2 . .. - .... to -
London and North Western-100 199
Do. Quarter Shares ...... .. 2 - ...... to --
Do. do. New ...... .... ...... 2
Do. do. Fifths -
Do. Eighths G. J. 12% - ...... to -
Do. New Quarters ...G. J. 5
Do. 40/. Shares.....L. &M. 8 - ..... to -
London and S. Western.... 41/. 6s. 10d
....... 71%...... to -
Do. New consolidated Bths.. 40
Ditto New ...... to -
2214.. ... 30%
..... to -
Do.
New lB ...... 24% ...... to - London and Y0rk......... 2% ...... 1% ... to -
Ditto Half Shares -
.... t
London and Windsor -
London, Salisbury, & Yeovil 21,4 ...... -- ............ to --
Londonderry and Coleraine 12% .....
Londonderry and Enniskillen 12% ...... --to
..... to -
Lynn-
Lynn
and Ely - ••.••• to
and Dereham
-
Manchester and Leeds ......... 82 .
Ditto Half Shares ...... -38 . • •••
- -
Ditto
Quarters ............... 2
to -
-
Ditto Fifths .................. 3 -
Ditto Sixteenths ... ..... ... qi... . -
Do. Extension ............... 425. ... ... .. -1
p to -
Manchester and Birmingham 40
...... 75% to -
Ditto Quarters (A) - - to 13
Ditto Quarters (B ) ...... ... 5
.. to -
Ditto Quarters (C)
...... . 1 - .... - -
M Buxton, & Matlock 425. - p to -