The Sun.
London, England, 1844-03-16 00:00:00

MONEY AND COMMERCIAL NEWS.
CITY, FRIDAY EVENING.
The market for the English Securities -leaves off
steady, Consols, for Money and Time, being at 98+ to 1.
The New Three-and-a-Half per Cents were 1021 to f,
and India Stock, for Account, was firm at 285.

There was rather more business doing in Mexican
Stock, and in Time bargains the rates improved a little,
viz., to 35i and 36i. The Deferred-were 144. Buenos
Ayres declined to 37. Spanish Actives remained at 25*,
but the. Three per Cents. were a trifle lower, viz., 34
to Dutch Two-and-a-Half per Cents. closed at 57i,
and Belgian at 1041.

The additional transactions in Railway Shares have
been these ::—Birmifigham arid Derby were 411 to 401;
Eastern Counties, 111 tat-, Gravesend and Chatham 1 ;
Great North of England 13 and Midland Counties, 12
discoolit. Chester and Holyhead 14 to 1; Eastern
Counties, New, 5 ; Ditto Extension, R.; Great Western,
36 ; Hull and Selby, 94 ; Harrowgate. and. Knares-
borough, ; South Western, 41i ; Croydon, Sorip, 6i ;
Manchester and Leeds, 46 to 48 ; Ditto, New, 20 to ;
Ditto and Birmingham, 5• to ex dividend. Midland
Counties, Quarter, 61 ; -Northern and Eastern, 121 ;
North Midland, Half, 41 to 5; Paris and Rouen, 14,1;
and South Eastern Scrip, 10* premium. London Joint
Stock Bank Shares were 31 to premium.
There was no particular literati= in the rates of the
Foreign Exchanges; but, upon Paris, they were scarcely
so high.

(From The Sun of Last Night.)
There was a very dull market for Cotton at Liverpool
yesterday ; sales, 2,500 bales. Prices were d. per lb.
lower than before the Hibernia arrived. Shares were, on
the whole, rather firmer. Birmingham and Gloucester were
836 ; Eastern Counties, 11/. 13s. 9d. ; Chester and Holy-
head, 6 ; Grand Juriction, Half, 119 ; Birmingham, New,
41i ; South Western, Eighths, 4-1 ; Manchester and Leeds,'
115 ; Midland Counties, 90 ; North Midland, Half, 45k;
Paris and Lyons, 21. 13s. ; Paris and Orleans, 33i ; Paris and
Rouen, 39. • - -
Much interest is attached in banking circles of the City to
the proceedings of the delegates. of the Private and of the
loint-stock Banks to obtain concessions in their favour.
The result' of a meeting of the delegates an-
nounced to be held yesterday afternoon upon this
subject is looked for with anxiety by all parties
above referred to.. But it is much to be apprehended that
unless a most vigorous stand be made, that the Bank of
England will, in course of time, entirely absorb the entire
privileges of issuing notes payable upon demand. The policy
of the managers of the Corporation has been for some time
tending in this direction; and how singular it is, that at a
period so closely approaching to that when the discussion must
commence relative to the renewal of the charter of the Bank
of England, -which must occupy a very considerable portion of
the attention of the Bank of England, a scheme should be issued,
offering advantages to such country banks as will consent to
give up issuing their own paper, and taking that of
the Bank of England on commission, for the purposes
of conducting their private business, and upoa
terms and more ready advantages than those now
possessed, we believe, by those establishments who use now
the notes of the Corporation. It is necessary to direct the
attention of the delegates now assembled in the Metropolis to
this subject.
A commercial correspondent in Upper Canada informs us
that not only is grain. smuggled extensively across the bor-
der, but that American butter, cheese, lard, -Sec. is supplied in
vast quantities for shipment, as British Colonial produce, to
this country ; and a paragraph in the Quebec Gazette of the
14th ult. confirms this assertion in the following extract of a
letter, dated Lacole (U. C.) :
" It is a notorious fact, that persons residing in the vici-
nity of the lines, who were never known before the passing
of the law to sell a single pound of butter or cheese, are now
freighting these articles in considerable quantities to Mon-
treal. Not only are thadifferent kinds of American agricul-
tural produce daily brought into the province in contraven-
tion of the law, but the same is the case with almost every
description of merchandise that can be procured cheaper on
the other than on this side of the lines.

" The truth is, every one who stands in need of either tea,
tobacco, sugar, molasses, whiskey, cotton, cloth, &c., passes
from one side of the lines to the other, on some pretence of
the above nature, without attracting the slightest notice, and
thus supplies himself at the expense of the revenue, and to
the prejudice of the Canadian merchant and mechanic—the
latter of whom, in order to compete with his neighbour on
the other side of the lines, must turn smuggler."
The Commissioners bought this morning 20,000/. Consols
atl9Bf. For the Account an equally high rate was paid. At.
the present moment the value for Account is 981, but for
Money h per cent. lower. ,The premium upon Exchequer
bills is firm at 725. Bank Stock is at 1981; Lons Annuities
(of 1860) at 121; and these are the only quotations for the
,day.
Phis is. the half-monthly account to-day in the Foreign
Funds. The settlement has, as yet, progressed well. Spa-
nish Five per Cents. for Account have been quoted at 25k,
the Three per Cents. at 3514 ; Portuguese Converted at 46i ;
Chilian Deferred at 501 ; Mexican at 36 ; Brazilian at an ad-.
vance to 83. In other Foreign Bonds the variation has been
slight.
In'the Share Market not much business has been trans-
acted this morning, and, generally speaking, prices have re-
ceded. The London and Westminster Joint-Stock Bank
Shares have advanced to 5i premium.
MANCHESTER STOCK EXCHANGE, MARCH 14.—There is
no animation in the market to-day, but prices remain pretty
stationary. The sales are :—Eastern Counties, 14; Edin-
burgh and Glasgow, 621; Manchester and Birmingham, 44/ ;
,North Union, 1041 ; Manchester and Liverpool District Bank,
101; Manchester Assurance, 101.
CLOSING PRICES.