The Sun.
London, England, 1850-06-21 00:00:00

MONEY and COMMERCIAL NEWS.

CITY, TWO O'CLOCK.
The Cotton Market at Liverpool yesterday was tame,
and prices of American at Gid. to 7d. were nearly kri.
per lb. lower, and easier to buy. The sales were esti-
mated at 4,000 bales, of which 500 American were taken
for export. The transactions comprised 3,500 Atneri-
CaD' 200 Egyptian at 7id. to Bd., and 300 Surat at 40.
oele
to 50. per lb.—Railway Shares were dull.
Inn
Sugarm harkeeetsbethenis
more
ek
extensivelyprices ha
re
been
sold, and Tea has been ;
41 better demand. Coffee rather
ftahierl Cy
oosntleailopedro.du c
dull. Wool sells steadily at the auctions. Some Natal
Cotton has realised high prices.
The difficulty of adjusting the savings' bank system
to the nice point which shall allow of full participation
of benefits to the poorer classes, and yet not entail a
loss upon the revenue by giving to parties of some
means a higher rate of interest than they may be fairly
entitled to, or at least could without risk obtain, is much
in favour of the joint stock banks, which are disposed
to act with more than ordinary liberalty towards their
customers, and, like their Scotch competitors, are neither
chary of trouble,punctilious about the amount of balances,
or averse to small and safe loans rather than anxious
about those of a larger and more speculative character.
Raving heard the frequent complaints of want of accom-
modation for the more humble but perfectly solvent
traders, and the tendency of the joint-stock banks to
launch out into a more wealthy connexion, in proportion
as they acquired a firm footing, we hailed with satisfac-
tion the entrance into the arena of another com-
petitor, and felt that if the promises of its pro-
jectors were carried out in their integrity, the Royal
British Bank would be of great service to that portion
of the community which was not provided for. This
establishment has now branches in the Strand, at Lam-
beth, York-street, Westminster, and Islington, and in a
private report made by the directors to the shareholders
concerning the result of about six months' operations.
very encouraging circumstances are stated. Of the de-
posit accounts for fixed periods of six months there have
been opened.at the head office 318; of current or draw-
ing accounts, 8:101
---; of discount accounts, 212; cash
credits, 118; and isolated loans or advances on promis-
sory notes, with convertible securities, 30; making 1,517
accounts, or an average for the 156 days of about 10
new accounts and customers per day. That there has been
no forcing of business we may infer by the fact.
that although 118 cash credits, amounting to 69,9401,
have been opened, offers for the like to the extent of
90,0001. have been declined. The discounts declined
would have represented the sum of 156,600/., and the
advances on promissory notes and convertible securities
to 82,9001. The total amount received by the ;bank
since its commencement has been 2,518,3891. 16s. 6J.,
and that paid 2,491,7861. 1 le. 3d., and this divided by
68,062, the, number of operations, gives an average for
each transaction of only 73!. 12s. 2d., a corroboration of
the assertion that the bank does accommodate the class
who most need it, and especially those who never before
deposited their surplus assets in a place of safety. It is
highly creditable to the other joint stock banks in the
metropolis that they bare most disinterestedly favoured
the new establishment.
Accounts from Amsterdam state that on the 19th the
home Funds were still animate.), Dutch Two-and-a-Half
per Cents. being 574. Spanish and Austrian were ra-
ther feeble. At Frankfort, on the 18th inst., Austrian
Metallics were 79i.
The boldness of Lord John Russell's declaration in
Parliament, last night, as to the firm resolve of Govern-
ment to adhere to the policy hitherto pursued upon the
Greek question, has discouraged a few of the more timid
holders of, or speculators in, public securities; and al-
though very little is doing, prices are rather lower. On
the other hand, those who feel that " truckling" is ever
more dangerous than: consistency, are not in the least
discouraged, and hence the limited sales made. Condole
have been 95i to 96 all the morning. The New Three-
and-a-Quarter per Cents. have realised 97,3 to 98k.
Bank Stock is at 209. Exchequer bills have 675. to 70s.
premium.
The Foreign Securities have been quiet. Mexican
Bonds remain at about 294 to 30. Portuguese Four per
Cents. have realised 34. Peruvian Active Stock is at
78. Spanish Five per Cents. have been 17k 4, and the
Three per Cents. 384 -I. Russian Scrip has been 4k
premium.
Railway Shares are generally lower.
QUA IITER TO THREE.
... shut.
... 95i 96

Consols ...
Ditto Account

ONE CLOSING
PRICES OF BRITISU FUNDS O'CLOCK. PRICES.
6fLUIL stock
_

i per Cent. Reduced Anna ..... 9614 %A, 96%
gew 314 per Cent. Ann 5.......... ..... 9B 98% 97'N 98% 973 k
Ling Anne. to expire Jan.lB6o 8 8 3-16 8 A
In lie Bonds. 1,0001. B5 p 85 p
South Sea Stock -
Ditto Old Annuities
Consols for Account 95% 96
Exchequer Bills. - I%d. & 2d
1.0001. June 7O 67 p 67 p
Small. June
ONE CLOSING
PRICES OF FOREIGN FUNDS. O'CLOCK. PRICES.
Brazilian Bonds __ _ — 90

95%
96

991 A
181 h

Danish 80nd5,1825,3 per Cent. .
Ditto 5 per Cent.
Grenada Bonds, 11,4 per Cent. —
Mexican, 5 per Cent. 1846, with Coupons—
Ditto, Ex Jan. Coupons
Ditto, Account 3O
Peruvian Bonds, 4,4 per Cent 7B
Ditto, Account —
Portuguese 5 per Cents.
Ditto,' 4 per Cent.
Russian Bonds imp ••••••• -
Ditto, 414 per Cent
Ditto Scrip 4;4 p 4 p
Spanish 5 per Cont. 1840 ........,•••
Ditto, Account
Ditto. 3 per Cent
Ditto, Account
Venezuela Bonds, 214 per Cent
Ditto Deferred
Dividends on the above payable in London.

78
77%

8814
97%

Beligan,4% per Cent. ........ 881,4
Do., 5 per cent
Dutch 21,4 per Cent., 12 Guild. ..
Ditto. 4 per Cent. Cortifieates — 88
PRICES OF PAID BUSINESS DONE CLOSINo
.
RAILWAY SHARES. AT ONE O'CLOCK. PRICE
Aberdeen SO
3uckinghamshire ...... 171,4
Caledonian
Do. New 101. Prof
Cheiter and Holyhead... 50
Ditto, Preference ls
............... 9 4
,4- RA Anglian, 251., L. &
15a
E. and L. and D...... 25
f'utern C°ußti°s ..... 20 ••• 746 ............ ... 7A
Eastern Union, Class A /

Ipso
7 ;,„

(late E. U. Shares) 25
Great Northern
D 0.,, % B 6 per Cent ll4. 71%. .....• ••••
heat South. and West
(Ireland) ..... . 5O ...... 301,4 ......... ..... 301/,
230
;reat North of England.loo ......230 • ..............
great Western 100
Hull and Selby .. ..50
Lance:shire & Yorkshire 100 -..•..........—
Do. Thirds ...„....,,..... 18 .
Do. (W. Riding Union) 11 % 3
Leeds and Thirsk ...... 50 ...... 71% . 7%
Do., Prefer., 6 pp:. Ct. 6 ...... die.
Do., do. No. 3 5 . ..... 2% ... ........ •• 21,4
Lon ion, Brighton, and
South Coast-. ..... 100 ...... 82% .•
London and N. Western 100 103,/.3 109 lOB%
Ditto. New Quarters 12 ...... 1A6%- -• 1234
Do. 101. (M. & B.) G. 1 ... . 1%. ..... ••••• ••• 1%
London &S.Western ..100 ....... 60 59% 60 14... 6C
Siaucheiter, Sheffield,
and Lincolnshire...loo ....•• ••• "'Ditto. New IC/.. Pref... 10 ...... 1% 7'9‘e
Midland .. lOO ;. ..... 36',4 41:41 36%
Do., 501. Sharers .....30 " ...... 3% 5,11/ . 9 ...... '• • 35,4
Doßirm., and Derby ICO ...... —••••••-•
Do. Consolid.Bristo: &
Norfolk Boilrni 2.,,...........
g.,6per.......0
ct..... 11000 t... 6
... 1232 12214
Do. Ext. Guar. sp. ct. 20 ...... 18
Do. Guaranteed s%pc• 5 ...... 41'4 4%
North Briti.sh ......„ .25 ...... 7% 71,4
North Staffordshire ... 171 r,....•• 674
Shrewsbury and Birm... 13%...••• di3- ..... ••• •• -- die
Ditto ditto, Class B. 9 ...... 2 ..,... ..
South Devon -
,ouch Eastern ~ 834; ...... 14%% 14%
Dn.. Registered No. 4 10 •••••• 5 •••••••• ..-
Sheffield, Rotherham, &
Goole (N. Div.) Gua-
ranteed 5 per cent. ... 18% ...... 175
York. Newcastle, and
Berwick.
Do. Newcastle Eaten, 20 ..... •9% lAt •••••• 9 vss
DC'. G.N.E. Preference 8 ••• - 3
York and North Midland 50 ...... 161 t 18 % l6 i 4
Di tt.o P, elsrenee - 10 ...... Ns_ 7%

17 Si

FOREIGN RAILWAYS.

East Indian
Orleans and Bordeaux 7 ...... ....
Rouen and Havre 20
Sambre and Meuse 20 ...•
27s %
JOINT STOCK BAN lib.
Provincial of Ireland ... 25 ...... - ...

714
21/,
8%
2%

SOUTHAMPTON, FRIDAY MORNING.—The cotton
sales at Havre yesterday reached to about 300 bales, at
somewhat lower prices, say from 104 f. 50c. for New Orleans
tres ordinaisc
from Goudaloupe, bad arrind.
Therese,