The Sun.
London, England, 1848-11-16 00:00:00

MONEY and COMMERCIAL NEWS,
CITY, (~! Uzi RTER TO THREE.
i The Cotton Market a,. Liverpool yesterday was
I buoy”nt, and prices were firm. Sales full 6,000 bales.
The Railway Shale Market was good.
The accounts received from abroad are not of com-
mercial interest generally, and politics engross more the
attention of parties writing home. The opinion upon
the proceedings at Berlin is still that the King contem-
plates further encroachments upon the cause of liberty,
and that his success will strengthen the other potentates.
With very little speculation going on, the Funds pre-
sent an aspect of considerable firmness, and there is a
further tendency towards improvement. We have noticed
this inclination of the market for some time past, and but
for the state of political affairs our anticipations would
doubtless sc_eaer have been realised. Capital is so
abundant, and confidence in the resources of England so
strong, that the surplus money must ever find its
way into stock when no other more pro-
fitable medium offers. Railways especially, %here
guaranteed, might be expected to offer more in-
ducement, but there seems to be a " fashion" about
these things. and what our own experience has often
before shown us, we may expect to see again, viz.,
an increased number of buyers, the less advantage there
is in purchasing, that is, the higher values have ascended.
The statements of different lines, published within the
last few weeks, might serve to convince the must scep-
tical of the soundness of the railway system, as a
whole, despite certain irregularities, while the relief
that must be ',experienced in the money market
from the abandonment of so many lines, Mr. Hudson's
statements furnished to- day affording further evidence,
should not be lightly estimated, since nothing more de-
teriorated the market value of shares than an inter-
minable string of " calls," and the keeping open of ca-
pital accounts.
Consols have improved to-day to 86} One Bear,
with rather a large account open, said to be 100,000/.
stock, has been " declared," being unable to pay his dif-
ferences, and we hear that there are other of the
minor fry—for even the party just alluded to
was not an old member of the "house"—who
have compromised. We suspect that these gentry are
brought down more by their share than their stock spe-
culations, for a gradual variation of two and a half per
cent. during an account should not bring
down any one who had even moderate means at
command. It is the last feather that breaks the
camel's back, so having lost seriously at former periods,
the further trifling amounts now payable suffice to " put
an extinguisher" upon the parties. Industrious as they
have been to depreciate the property of others,
but few will commiserate them now they have
lost their own, and we must in justice say that the
older members of the Stock Exchange are not by any
means so liable to the censure as many of the parties
admitted during the last year or two, some of
whom, although their securities are but just
released, two or three years' bail being re-
quired, venture upon business that experienced men
would shrink from. The New Three-and-a-Quarter per
Cents. have been 854 to 86i, and the Three per Cents.
85/ Bank Stock is firm at 188.
.Exchequer-bills
have been 365. to 41s. premium.
The Foreign Bonds are very quiet again. Portuguese
Four per Cents. 244, and Spanish Three per Cents. 23k.
Mexican, 214. Brazilian New, 70. Peruvian are firm,
at 34 to 35 7 Dutch Four per ents. 69} to 70i.
The arrangements for the settlement of the Share
account have been unfavourable to some of the railways,
which are rather more offered. This, however, is a
mere temporary matter. Eastern Counties, South-
Western, Great Western, and the York lines are
cheaper. Midland and North-Western steady. ~Brighton
dull, and also the foreign lines.

ONE CLOSING
I'lncEB or BRITISH FUNDS. O'CLOCK. Pits.
Sank Stock
3 per Cent. Reduced Anne 85%1/ 851,y
3 per Cent. Consols Annuities...—. 863/4 % 86%
New 3M per Cent. Ann 5...... . B6 8514 86% 853/4 85%
Long Anne. to expire J an. 1860 ... 8 9-16 % 8 %
Ditto, Oct. 10, 1859 ..... ...... 814 8M
Ditto 30 years, Jan. 5, 1860.... 8 13-16 8 13-16
India Stock 234 234
India Bonds, 1,0001. ....... ...... 37 34 37 p 37 p
Ditto under 1,0004 .. ..... 3B 34 p 34 p
Consols for Account. 86344/ 86%
Exchequer Bills. 2%c1. & 2d.
1,0001. March ...... 39 41 p
1,0001. June 36 39 p
5001. March..._.. 39 41 p
500/. June
Small, March .. 39 41 p
Small, June
PRICES OF FOREIGN FUNDS OffE
O'CLOCK.

_
41p
39 p
CLOSIN 0
PRICES.

Brazilian Bonds
Do., New, 1843 . .........
Mexican, 5 per Cent. 1846 2114
Peruvian Bonds, 6 per Cents 3IIA
Portuguese 5 per Cents. —
Ditto, 4 per Cent. 24
Russian Bonds 991%
Spanish 5 per Cent. 1840.
Ditto, 3 per Cent
Dividends on the above payable in London.
Belgian 4% per Cent .....
Dutch 2% per Cent., 12 Guild....
Ditto. 4 Der Cent. Certificates 69'h 70th 70
PRICES OF PAID. BUSINESS DONE C LOSIN G
RAILWAY SHARES. AT ONE O'CLOCK. PRICES.
Aberdeen SO
Amber. Nott., Bosten,
and Eastern Junction 4%......
Ayr3hire and Galloway.. 7
Belfast & County Down 19 ......
Birmingham and Ox-
ford Junct., calls duly
paid, or with a guaran. 20
Do, withoutguarantee 20 . ...
Birming, Wolverh'ton,
and Dudley, calls duly
pd, or with guarantee 10 ..... 13
Do. without guarantee 10
Binning., Wolverh'pton,
and Stour Valley 131. 145...
Birkenhead, Lancashire,
and Cheshire June.— 10
Boston, Stamfd & Birm. 5 ...

Bristol and Exeter 9O ... _
Ditto, Thirds
tucking hanishire... 14/. 4s.
Caledonian .
Ditto, Half Shares
Do. New 10/. Pref 5
Ditto,Clydesdale Junc 50
Chester and Holyhead—. 50
Ditto, Preference l5
Clarence
_

Do. lst Class, 6 per Ct. 10
Do. 2d Class, 5 per Ct. 10
Do. Government Loan,
4 per Cent.

Direct London & Ports-
mouth
Dublin and Belfast June. 35 .....
Dundalk & Enniskillen 20
East Anglia, 251., L. &
E. and L. and D... ... 25

Do., 18/., E. & 11.... 18
Do., 31.105.
Eastern Counties 2O 121 i 12
Do. New Guaranteed
6 per Cent. .... ...... 7% .....
Ditto,Extensiou,s per
Cent., No. 1 6/. 13s. 4d....
Ditto ditto, No. 2.-61. 13s. 4d... 14 dis. .....
Do. North. & Eastern 50
Do., 5 per cent.
Do. Quarters .... 12%
Do. New
Eastern Union, Class A
(late E. U. Shares) 26
Ditto, Class A, ditto... 1
Ditto, Class B (L &
and B.) 2O
Ditto, Class C, ditto... 20 .
Do. Scrip (6 per cent.) 10
Ditto, ditto
Ditto (C. & E.) guar.
5 per cent........... 2% .......
East Lancashire
Ditto, New 2l
Ditto, New Quarters 61,i......
Do., 6 per Cent. Pre-
ference Quarters ... 61A ••• ..... ..••
East Lincolnshire ...... 25 .. 24%
Edinburgh and Glasgow 50 ......
Ditto, Half Shares ... 15 8%
Edinburgh and Northern 25
Ditto, Newport ls
Exeter,Yeovil, & Dorch: 2% 1,4

Glasgow, Dumfries, and
Carlisle -
Glasgow,Kilmar , & Ayr b 0

Do. Preference Cons — ••••• •• •
Great Northern
Do., A Deferred ... 12% •— •••••••••••
Do., % B 6 per Cent.
guaranteed —.. 4%
Do. Extension 2 i 4
;mat South. and West. _

..
(Ireland) __ 421 ...... •• I
Great North of England.loo ... —•-••• •
Ditto, New, 401 4O ......
Ditto, ditto - ••"....• ••
Ditto, New, 30/ ......... 30
Ditto, New, 151 l4 .. ..
Great Western 9O ......
Ditto, 1,4 Shares
Ditto. 14 Shares ...... 21 .. ... 17 1614
Ditto, Fifths ....... ... ..... 20
_ • . ,

Ditto, New 171....•••• 13 ... 91,4 9
Huddersfield and Manch. 30
Ditto, Thirds ......... 10
Hull and Selby. ...... 50

Ditto, Half "Shares 25 ...... 000000 .••
Ditto, 14 Shares
Lancaster and Carlisle 5O
Ditto, Thirds
Lancashire & Yorkshire 93
Ditto, ditto
Ditto, 1,4 Shares
.." -
Do. Quarter Shares l7l/2 — .. .

Do. Fifths... ........ 9
Do. Sixteenths 614 —
Do. Thirds (Reg.)..... 13 .....
Do. New,Gua. 6 per et. 5 ......
Do. Liverp. and Bury 43 ......
Ditto % (late Hud-
dersfield and Sheff.) 43

Do.(Wakefield,Ponte:
fract, and Goole) 50
Do.( W. Riding Union) 7 .. ......
Do. (Preston & Wyre) 25
•••
D0.%4 Shares (A)... 91,4
Leeds and Bradford...... 50 89
Leeds, Dev.,:;bury, &c.... 50
Do., Half Shares 25 ...... • •
Do., (blue) Scrip--
Leeds and Thirek 50 ...... .....
Ditto, New ...... ....... 35
Do., Prefer., 6 per Ct. 312
Liverpool, Crosby and
Southport .
Liverp., Manchester, and
Newcastle Junchon... 21
London & Blackwall...l3l. 6s. 8d....
Do. Extension ....•
London, Brighton, and
South CoaAt ......... 50
Do. Guaraut. 5 per ct.., 9
Do. Pref. Con. 5 por et. 50