The Sun.
London, England, 1848-06-19 00:00:00

THE SUN, LONDON, MONDAY EVENING, JUNE 19, 1848.

MONEY and COMMERCIAL NEWS.
CITY, QUARTER TO THREE.
The sales of Cotton at Liverpool on Saturday were
4,000 bales, wit'i a steady market. Prices were un-
changed. Railway Shares were quiet, a fair quantity of
stock being on the market.
The settlement of the Sugar and Navigation questions
excites much interest in the City, and until it is accom-
plished, business will be exceedingly dull. The
dealings of all parties are disturbed by
such frequent alterations in our fiscal laws.
Whatever injury may have been inflicted, at least as is
asserted, upon the Colonial interest—and the West
Indians are ever the foremost to complain—it is cer-
tain that the matter is not likely to be mended by
such tinkering and vacillation as will betray other par-
ties into losses. The most unceasing perseverance,
and the most vigilant prudence, will not suffice to pro-
tect commercial men from heavy sacrifices, if ar-
rangements deemed to be final one session are dis-
turbed the next. We cannot better illustrate
this position than by one fact within our knowledge, and
which might be strengthened no doubt by a score or
two of similar cases. A merchant calculating upon the
sugar question being set at rest, forwarded to Havannah
last year machinery to the amount of about 5,0001., and
should even the modified plan of Lord John Russell be
carried, and we know that the Protectionists would go
much further, the loss upon Havannah sugar received by
the party alluded to will be no less than 2/. 10s. per
ton. No one is satisfied by the alterations proposed,
and yet a change is insisted on. The consumers must
pay the extra tax, or the supply will be probaby dimi-
nished, and whether the reduction of duty will ulti-
mately benefit the West India Colonies is really a matter
of doubt, for the East Indies, favoured by abundant
labour and an excellent soil, are likely to prove almost
as powerful competitors as foreigners. The West Indians
say 30s. per cwt. must be obtained to pay them. Now
sugar can be grown in some parts of India for Bs. per
cwt., manufactured say for 45., shipped for Gs. 6d., and
a few years hence will corns in at 10s. duty, making a
total
wof 28s. 6d. Can the West Indians do this? If
not, e shall be called upon next to protect one colony
against another.
We are advised in a letter from St. Petersburgh of a
further rise in the exchange, viz., to 34,1 d. and 351 d.
Tallow, by this advance was 30s. per ton dearer, making
an advance of 3/. by the two last mails. The shipments
going on were large. The steamer from Hamburgh
brings about 6,0001. in gold, and the next was to have
10,000/. on board. From Valparaiso, by the Spy, a
bullion freight of 2f millions of dollars may be shortly
expected.
The English Funds have been rather firmer this morn-
ing, and there has been a steady business doing. Con-
sols for the opening have been 83} to 831. The speeches
delivered by the Ministers at the Mansion-house ban-
quet on Saturday, have afforded much satisfaction. The
New Three-and-a-Quarter per Cents. have been 84j to
84k. Bank Stock is quiet at 191. Exchequer-bills have
been 375. to 41s. premium, being scarcely so good. India
Bonds are 18s. to 19s. premium.
In the Foreign Market the transactions have been
generally at steady, though not higher prices. Spanish
Five per Cents. are 12, and the Three per Cents. 23.
Portuguese Four per Cents. have been 171. Mexican
Bonds have realised HZ- 1; Grenada Deferred, 21; and
Chilian, 80. Dutch Four per Cents. have been marked
631, and Belgian Four-and-a-Half per Cents. 58.
In Railway Shares the business done is very restricted,
but prices are firmer.

ONE CLOSING
PRICES OF BRITISH FUNDS. O'CLOCK. FRICES.
Bank Stock l9l 191
3 per Cent. Reduced Anns ..... B3:li .% 83%
New 314 per Cent. Anns.... .
India Bonds, 1,0001.
Ditto under 1,0001. .. ...... . l9 p 19 p
Consols for Opening t335/s 3/4 % 3/4 83N
Exchequer Bills. `l %d.
1,0001.
5001.
Small .. .. 41 p
2d.
Ditto Advertised 2B 31 p
cr2lE
• RICES OF FOREIGN FUNDS. O'CLOCK.
Chilian Bonds 6 per Cent.... • BO
Grenada Bonds, 1 per Cent. —
Ditto, Deferred 2% 2%
Mexican, 5 per Cent. 1846 16%/ 16%
Peruvian Bonds, 6 per Cents —
Ditto, Account — 32
Portuguese 5 per Cents.
17% 7
Ditto, 4 per Cent
Russian Bonds ~ ..... ......... 90%
Spanish 5 per Cent. 1840. ......... 12
Ditto, Passive ..................... 33%
Ditto 3 per Cent
Ditto, Account .. 23
Dividends on the above pay le in London.
60
Belgian 41,G per Cent 5B
Dutch 2% per Cent., 12 Guild — 43
Ditto. 4 per Cent. Certificates 63% 64
Ditto, Account 63% 63%
PRICES OF BUSINESS DONE CLOSIN
RAILWAY SHARES. PAID. AT ONE O' CLOCK. PRICES.G
Aberdeen
Amber., Nott., Boston,
and Eastern Junction N.....
Ayrshire and Galloway.. 2%......
Belfast & County Down 14%......
Birmingham and Ox-
ford Junction .... ... 20
Birmingham, Wolver-
hampton, and Dudley 10 .....
Binning., Wolverlf pton,
and Stour Valley 121. 4s ... ...
Birkenhead, Lancashire,
and Cheshire June__ 10
Boston, Stamfd & Birm. 5
Bristol and Exeter B5
Ditto, Thirds
Buckinghamshire... 141. 4s.
Caledonian
Ditto, Half Shares .. 6% —

31 p
CLOSINU
PRICES.
80

Ditto,Clydesdale June 50 —
Chester and Holyhead... 4214 — • •••

Ditto, Prefererice l5 ......
Clarence
Do. Ist Class, 6 per CL 10 ......
Do. 2.1 Class, 5 per Ct. 10 - • -
Do. Government Loan,
4 per Cent.
Direct London & Ports-
mouth
Dublin and Belfast June. 271,12 ..... .
Dundalk & Enniskillen 17% — ..
East A.nglia, 25/., L. &
E. and L. and D...... 25
Do., 18/., E. & H.... 18
Do., 3/. 10s. ...... ... 3th , _
Eastern Couritieg... ..... 20
Do. New Guaranteed
6 per Cent.
Ditto,Extension,s per
Cent., No. 1......6/. 13s. 4d.... par % p
Ditto ditto, No. 2...61. 13s. 4d...
Do. North. & Eastern 50
Do., 5 per cent. ...... 50 ...
Do. Quarters ......... 12% ......
Do. New ............... 23 -
Eastern,Union, Class A
(late E. IJ. Shares) 25 ......
Ditto, Class A, ditto... 1 ......
Ditto, Class 13 (I. &
and B. ) ........ ...... 171,4 ...... _"Ditto, Class C, ditto... 17)-At. ••..
Po. Scrip (6 percent.) 10 ...... -- • •-• •.
Ditto, ditto .. .......... 20 ......
Ditto (C. & E.) guar.
5 per cent...... ...... 2lh .....
East Lancashire
Ditto, New ......... ... 17 •••...
Ditto, New Quarters 6% ......
East Lincolnshire ...... 201/2 ..... 20%3i ........
Edinburgh and Glasgow 50 ...... ..... .
Ditto, Half Shares ... 15 .. .. ... .........
Ditto, Quarter Shares 1214....
Edinburgh and Northern 25 ......
Ditto, New.. 6l/4 ...... ...
...... .
Ditto, Newport l3 ...... ... ...
Ditto, ditto, New 334. ..-
Exeter,Yeovil, & Porch 2:,' iii...... .............
Ditto, New
Glasgow, Dumfries, and
Carlisle ............Si. 6s. 8d....
Glasgow,
Kilmar., & Ayr 50
Ditto, New ... ...... ... 40
Do. Preference Consol. 15
Great Northern
Do., London and York 2%i ......
(;reat South. and West.
(Ireland) .. ............. 40 ......
Great North of England.loo ......
Ditto, New, 40/ ...... ... 15 ......
Ditto, New, 301......... 30 ......
Ditto, New, 151......... 11%„.... .
.. •
Great We5tern............ 90 ... .. 88%
Ditto, Ih Shares...... 50 ...... 50 5012
Ditto, Shares:...... 17%..... 15 143/4 ....
Ditto, Fifths. ........... 20 ...... 20
Ditto, New 171.- -... 9%... ..
Huddersfield and Dianch. 26
Ditto, Thirds ......... 9
Hull and —
Selby .. ...... 50 .....„
Ditto, Half Shares ... 25 ......
Ditto, % Shares ..... 1`2%.. ...
Lancaster and Carlisle... 50 ......
1/4
Ditto, Thirds ......... 10
Lancashire & Yorkshire 93
Ditto, ditto
Ditto, IA Shares ...... 43 ... ..
Do. Quarter Shares... 17%.....• --
Do. Fifths... ....... .....
Do. Sixteenths 614
Do. Thirds(Reg.)..... 13 ..•.. -
Do., Now Gua.6 per ct. 2% ...... 2.'
Do. Liverp. and Bury 43 ......
Ditto 1/21d andHud-
'9 Sheff.) 38

.... i

14%

is P

2 ~/

881,4
50►/s
1,1z4

derstieii.
Do.(Waketield,Ponte-
tract, and Goole) ... 50 ......
Do.(W.Riding Union) 6 •• •••
Do. (Preston & Wyre) 25
Do. 1/2 Shares (A).— 9
Leeds and Bradford ..•••• 50
Leeds, Dewsbury, 4712. .....
Do., Half Shares ...... 22 ye .....
Do., (blue) Scrip...... 2%.„ ,„
Leeds and Thirsk ...... 45 ......
Ditto, New ......... 26 ...... ............
Do., Prefer., 6 per Ct. ••••
Liverpool, Crosby and
Southport . .......... .•.34 •2 ...... ••••• ........
Liverp., Manchester, and
Newcastle Junction...
London & 6s. 8d....
Do. New, No. 2 ...... 6/.135.4d.... 2Vs dis.
Do. Extension ..••• •••••
London, Brighton, and
South Coast .......• 50 •...... 31
3114
• ".
Do. Consol. Eighths. 40 ...... ••• • •••
Do. Guarant. 5 per ct.., 9 ••••••
Do. Pref. Con. 5 per ct. 50 .. 45
Ditto, ditt0...... 1852 50 ...... ..
Ditto,... '
6 per cent.
New 51., guar
2 ...... 21,41A3... ••••
London and Greenwich 12/1554d... ••" .....

Ditto, Preference... 181178 2d...
london and N. Western 100 ......123 122....••••••
Do. Quarters (L.:& B.) 22 .............
Ditto, New
Ditto, Fifths ..... .. 2 ..........••.
Po. 401.ShareB(L.M.) 20