The Sun.
London, England, 1851-10-23 00:00:00

l'aXll7 ES.

Paid. Nominal Priem Business don
to-day.
Asturian .... •• •• •• • • Is
Australian . • 4 1%
Banes& Range .. • ..... 113 0 331
Blaenarvon Iron and Coal all
Bolanos Scrip ........ • • ..
British Iron. 13 5 ..
Brazilian Imp. (is. Si. p.) 24%
Do. Cocaes and Culaba all
Do. St. John del Roy •• 15 20 -21
Cobra Cower • • •• • 40 33 34%
Copiapo ..... • 14 631 735
General.. • • . • •
Mexican& S. American 9 3%
Real Del Monte, Unreg. % %
Do. Black Debenturea .
Do. Red Debentures .. •• .•
Santiago do Cuba ...... 10 4 —3%
Tin Croft ............ • • 7 6% 8
United Mexican........ 28 28% I 3 2
JOINT STOCK zArnr.s
Australasia ............ all 37 38%
North America.. 50 46 —46
Colonial .. 25 10% 11%
Commercial of London.. 20 25 • 26%
London Joint Stock .... 10 18% 17% 13%
London and Westminster 20 28% 29%
National Provincial Eng. 35
Do. New ............ 10 .• —••
National of Ireland .... 22% 18% 17%
Oriental Bank Corporat. all 26 26%
Provincial of Ireland.. 25 42 —44
Do. New all 15% 16%
Union of Australia .. •• all 85 36%
Do. New ............ 231 3
Union of London . • 10 14% 15%
Union of Madrid - all •• —••
MISCELLANEOUS.
Canada ........ •• •• .. 32% 48 49%
Gen. Steam Navigation . 14 26% —2B x.d 27 34
Ponin. & Oriental Steam. all 65 67%
Ditto ditto 10 14% 15%
Royal Mail Steam ...... 60 79 80% x.d

Canada .... •• • • ••:::
Gen. Steam Navigation.
Penin. & Oriental Steam.
Ditto ditto
Royal Mail Steam
Settling days in the me
tered shares, 16th an,
(we cannot be answers

AMTS.
48 49%
263( —2B x.d
65 67%
14% 15
79 8034 x.d
October. Ticket days for regis-
Account days, 17th and 31st.
he errors of the Official Lists, and
d correspondents.]

onth of
id 30th.
able for t

will lot be influenced by

MONEY and COMMERCIAL NEWS.

CITY, TWO O'CLOCK.

The sales of Cotton at Liverpool yesterday were es-
timated at 8,000 bales, of which 1,000 American and 300
Surat ware taken for export. The sales comprised
6,000 American, 400 Bahia, at kid. to 6d.; 300 Egyp-
tian, at sid. to Bd.; 1,000 Surat, at 3d. to 4d;
and 300 Sea Island, at ls. Id. to Is. 6d. per lb. Though
the sales were large prices had a downward tendency,
and all kinds were full id. per lb. lower, except the better
qualities of Egyptian and Sea Islands.—ln Railway
Shares only a limited business was done at rather lower
prices.
The six weeks' average price of Wheat 365. 7d. per
quarter.
It was gratifying to find assosibled last evening at the
London Tavern a most numerous meeting of clerks and
others interested in the formation of a Banking Institute.
It has long been felt as a desideratum that no common
centre of action or of intercourse existed as respected
the parties employed in banks, and that for their social
advancement they were left dependent on their own re-
sources, unaided, except in the instance of a few liberal
and enlightened men who preside over private and joint-
stock establishments. For protection against, fraud and
vigilant supervision of legislative measures affecting the
currency, committees have long existed; but it is now
sought to combine in a metropolitan institution the
benefits of a literary club, where the science of banking
can be theoretically illustrated, and, by personal com-
munication, practically enforced. Business rivalry
discarded, the clerks of all the competing banks will
assemble in one locality. Papers will be read upon diffi-
cult and perplexed branches of the subject, and it is not
too much to assume that it will, at a future
time, be deemed creditable to belong to such an institu-
tion, and desirable to form a competent examining body,
who might give certificates of qualification to those who
seek them. This is a mere hint, and it may be right to
observe does not at present enter into the avowed objects
of the promoters. There will be time enough to consider
it hereafter. Mr. Prescott, as well as his worthy
partner, Mr. Cave, spoke excellently to the purpose
when he declared his belief that literary and social in-
tercourse among parties engaged in similar pursuits
almost invariably strengthened the bonds of union
between them, and softened the harder outline of busi-
ness routine and official communication. No man was
better entitled than Mr. Prescott, who throughout life
has been the friend of those engaged in the practical
working of the great banking machinery of the metro-
polis, to enunciate suoh an opinion. Mr. Gilbert, like-
wise, the founder, as we may say, of joint-stock
banking in this metropolis, was Equally earnest and
equally right in his appreciation of the advan-
tages which, under proper management, may re-
sult from the institute. Having co-operated for-
merly with Mr. Prescott in the establishment of a
general literary and scientific institution, and during his
intimacy and friendship with the latter from that cir-
cumstance, Mr. Gilbert is perfectly competent to speak
of the social gratification that may result. But this gen-
tleman sees much further into the future, and states no
exaggerated view when he asserts that the ultimate issue
must be benefit not alone to the clerks but to the public
at large. Every one now is more or less interested in
sound and safe banking, and the members of provincial
joint-stock banking boards or of private banking firms
would probably come much seldower before indignant
shareholders or impoverished customers, if they under-
stood better the duties and dangers as well as the pri-
vileges and profits of the system. If the Monmouth-
shire Bank managers, for example, had paid the
slightest regard to first principles, they would not stand
now before the bar of public opinion convicted of gross
ignorance or of culpable indifference. A matter to
which the institute will direct its attention is that of
guaranteeing persons holding places of trust. It is felt
that by care and research reliable statistics may be
collected, so as to allow of a much more
moderate scale of charges than at present
exists, and the plan of the Bank of England
suggests the course that can be pursued. To
Mr. Dalton, Mr. Shaw, and the other gentlemen of the
committee who have laboured hard to bring about the
establishment of the institute, a debt of gratitude, in-
creasing we hope with time, is obviously due, and the
further working out of the project may be safely left in
their hands, guided as they will be by the advice of the
experienced and talented parties who have consented to
become patrons. In the meanwhile we record with
especial satisfaction the fact of cooperation and pro-
mises of support having been proffered from all parts of
the kingdom, and of liberal subscriptions having already
been entered into. At the meeting last evening there
was a large accession to the names, those present being
induced not only by the candid and lucid explanations
given, but by the positive declaration that the committee
will keep the expenses within the income, and if not will
liquidate the balance themselves. This is not simply
business like and honest—it is also bold and generous.

The business in the Stock Market has been animated
and there has been considerable buoyancy. There is:
however, an entire absence of speculation, and the trans-
actions are altogether for money. The New Three-and-
a-Quarter por Cents. have been 97i to 98, and the
Three per Cents. 96 to I. Bank Stock has been firm
at 213 to 2141. Consols are up to 97i to 1, and are
now 97i /. Exchequer-bills have been at an improve-
ment to 525. and 555. premium. _ _

Foreign Investments have been more dealt in. Spanish
Five per Cents. have been 20i Portuguese Five per
Cents. have realized 86k. Mexican Bonds are marked
264 to 27, being well supported. In Northern and
Dutch Bonds there has been more activity.
Railway Shares have been rather easier to buy in
some cases, but there is no general alteration.
The last week's railway receipts ascertained up to this
day are, in round figures, as under:-
1851. 1850.
Great Western...
North-Western
South-Western 11,915 ... 11,423
Brighton
Midland
South-Eastern
North Stafford 5,411 .. 4,691
Caledonian 9,169 „, 8,593
Great Northern 13,034 „. 6,269
York and North Midland ..• 9,012 8,078
Newcastle and Berwick
PRICES OF BRITIKI FUNDS

ONE N
O'CLOCK, PRICES.
214 13 1414 21(,'

Bank Stock
3 ;.e, Cent. Reduced Anna.
3 ner Cont. Consols Anrui, ils..
3 per Cent. Annuities, 1726 ...
New VA per Cent. Anna- ... 97% 98
,oni; ikilliti. to Lakpira J an. I 860 6 15-16 7
Ditto, 30 years, Oct. 10, 1859 6 11-16
India Bonds, 1,0001.
Ditto under 1,000/. .......
South Sea Stock
Ditto Old Annuities
.9614

a 41,4
961
974
9f;74,
9736
7
6 11-16
62 p
59 p
96%

Ditto New Annuities .....
Consuls for Account
Ez.cliequer Dills. 11/ d.
1,000/.
500/. ... 52 55 p
&lull. ..

96 i,i
971 A
55p
55 p
55 p

CLOmiN6
PRBI ES.
104
102

ONE
PRICES OF FOREIGN FUNDS. O'CLOCX.
Chilian Bonds 6 per Cent .....• 1024
Danish 80nd5,1825,3 per Ceut. —
Ditto, 3 per cent.
Equador Bonds
Grenada Bonds, 11,4 per Cent —
Do. Ex Dec., 1849 Coupons — 133/
Ditto, Deferred —3%
Mexican, 5 per Ct., ex Jan. Coups 27 27
Ditto, Account 26% 2634
Peruvian Bonds, 5 per Cent... —
Ditto, Deferred
Portuguese 5 per Cente.
Russian Bonds ...... ............
Ditto, 414 per Cent
Sardinian Bonds, 5 per Cent.
Ditto, Scrip
Spanish 5 per Cont. 1840
Ditto, Account
311/z
Venezuela Bonds, 2% per Cent —
Ditto, Deferred
Dividends on the above payable in London.