The Sun.
London, England, 1850-04-04 00:00:00

TILE SUN,

10NE1.7 and COMMERCIAL NEWS.

CITY, QUARTER 7 0 THREE.
The sales of Cotton at Liverpool yesterday were
10,000 bales, of which 1,000 Atcerican were taken
for export, and 3,000 on speculation. 'The market
closed firmly. The sales comprised 7,0)0 Americ
Bat sp. to 70., 600 Pernam, &c., at qd. to 7d., 1,500
ahta, at bid. to (3-0.; 200 Egyptian, at 70. to 811.;
and. 00 Surat, at 4,1 d. to sd. -per lb. —liailmay Shares
Were again heavy at a further decline.
The sales e f Wheat last week in the mark As which re-
gulate the averages were 8`),342 qrs., and of blrley 47,556
quarters.

- The intelligence from the continent seems this morn-
ing to offer no features of mercantile interest, but politi-
cally they read better, and the German question, it is
thought by parties well acquainted with the
inovemer t.
and policy of Austria and Prussia, will her satisfac-
torily
arranged. The Danish acivices are likewise more
promising.
In the Amsterdam Stock-market on the 2d it st. there
was more demand for home securities. Trio Dutch
Two-and-a-Ilelf per Cents. were 53 11-16 to 1. Spanish
Stock was flatter, Portuguese firm, and in South Arne-
lima not much was doue.
The agitation of the question of railway audit, upon
the necessity Of which all are agreed, though there i, a
difference of opinion as to the most advisab!e form, led
rec -Ltly, at a meeting of the proprietors of one of the
Austrulas'an banks, to the mooting of the question whi - ther an audit was not expedient likewise fur joint-stock
bank', tied although the motion medic in that
Particular instance
are f was not supported, e e
Bank ar fom being satisfied that t ecause the
of England, &c., are not under such a restriction
the Other establishments should be free from it. Ls-
men'abla instances of loss from mismanagement and
otherwise, are patent to all who have ever inquired into
the matter, and we agree with the writer of the fol-
lowing letter, addressed to'the editor of the Bankers'
Nag nine, except that we think the shareholders them-
selves could do all that is requisite, if they only over-
came any false idea of delicacy towards the di-
rectorates. The writer observes:—"Recent events
in railway matters have brought before the
public the necessity of a Government, or other audit being instituted
as a check on their board of di-
rectors ; and I am only surprised that the disasters
which have befallen joint-stock banks in England swag
1836, should not have been more seriously noticed by
the public
; and that proprietors (who, by the way, are
embarked in these concerns to the fullest extent of their
fo
their yearly and half.yearly accounts tested by a public
accountant, or auditor duly appointed for this purpose.
"No person can deny that the Marylebone Bank,
the Bank of Manchester, the Northern and Central
Bank, the North of England Bank, the Royal Bank of
Liverpool, and many others, have smashed, in conse-
quence of mal-administration and dishonesty on the part
of their directors and managers ; and if a wholesome
cheek, in the way of an independant audit' of the
Poaccount& of these concerns had been imposed by the
Government at the period of their foundation, the de-
mrable exposures since brought to light by the Parlia-
entarY Commissions of Inquiry would never have been known.
" The law reports of the present day show us the
daners
gawaiting the private fortunes of each and every
individual who has the misery to be, at the time of
its failure, a partner, or in the most remote degree con-
n;erteetd
Awiith 3
thtu in
a-sa shareholder ; and I cannot therefore
Bleatyour argument, that because all the
banks
t have been managed without having separate
bankst of audits that the modern and newly-instituted joint-stock
England and the colonies are safe without this
wholesome check having been established between them.
The Bank of England, the Bank of Ireland, and the
Bank of Scotland have very large paid-up capitals, and
are incorporated by royal charter ; and the rules for
their government are so laid down, that they
are bound - their under a penalty of a forfeiture of
privileges,
several matters accordingrules to the strict
of of incorporation. This deed provides for the amount of
Capital, the election and re-election of directors, the
qualification of voting at elections, &c., &c.; and it is
just these very points which are of the most vital conse-
quence to the future prosperity of a bank, but which are
almost, if not wholly, neglected. Let an unprejudiced
man
P of business take up the reports which are annually
eouutntfroyr,thanbdysay f
variio,us banking establishments in this
tained
from the statements therein con-
grew, he could in any way pronounce whether things
going on rightly for the shareholders and the public,
hether the things were only ' being made pleasant'
for the directors and their friends." The English Stock market is extremely quiet again,
but one or two money purchases strengthened Con-
sol, which were done at 96* when' only 96 for Ac-
count. The premium on Exchequer-bills has teen 665.
to 6es., and on India Bonds 90s.
Ili the Foreign Securities business has been tolerably
animated Mexican have been fluctuating a: 27i- to 28i.
It is stated that
t the amount, with interest, of
he next instalment
of the indemnity money not yet
disposed of will be about 1,750,000 dollars. The recent
failure of one or two large operators has been very da-
maging to this security. Peruvian Deterred Bonds have
been quoted 261, and the Active 68 to 68i. Spanish
Three per Cent,. have been 36,t to 37; and Portuguese
Four per Cents. 32i. Buenos Ayres Stock has been 53
t' 54. Dutch Two-and-a-Half per Cents. 55i.
cline way Shares are exceedingly flat, and a turther de-
canTae e ha% occurred in the quotations.
last week's Railway Receipts, ascertained up to
this day, arc iu round figures as under:—
1850.
North-Western £39,690
South-Western 10,147
Midland,
.
Caledonian .
North 5 901
Staffordshire

1849.
40,032
8,741
20,351
4,908

CLOSING
PRICES.

PR in,- ONE
a —...0 OF BRITISH FUNDS O'CLOCK.
I,- ij" Cent. l; limit, Ani.iiiri,,.... ..„ 9514 96%
--„riZ Arms. to expire Jan.lB6o —
,
Ditto 30 ears, Jan. 5, 1860 S 5-16 8 5-16
Irldi_ll Bondy 1 COOL
9
~, "Ago under 1,000/. . .......
up„ naola•for Account 95%/8:1,1 96
4zebequer Bille. 1 1./.(1. & 2d
1,0001. June 66 6S p
5001. June
Small. June 66 68 p

96

90 p
96%

68 p
68 p
6. p
CLOSING
PRICES.

~ PRICES OF FOREIGN FUNDS. O'CLOCKONE.
iitazulan Bonds
R
_ Ditto, New 1829 and 1839 8a-i 4
uenos'Ayres, Bonds, 6 per Cent
Danittoish
D. Account ..... ***** 69 **** 51
53
51
80nd5,1825,3 per Cent
......
_
Ditto 5 per Cent.
230, P 27i p
Ditto, Scrip
M Ditto ie 4n,
'.
Esxl) ' Jva Cn
Account .6 nCt .. if
pB4o n 6 's w.
.i t.
i 1 C°.• ul3
In s--
Ditto,
****
28 28v 277/ 2SM 2114
,8 Ai
Peruvian Bonds, 4 per Cent ........
Ditto, Account 6BE4 63 43% 67% x d
27
Ditto Deferred
26%
_
Portuguese 5 per Cents. ..
32
Ditto, 4 per Cent.
• 3214
Ditto, Account . ****** ••••
1061,4
_
It Dist
Bonds
_
Ditto, 4% per Cent:l
,
than 5 l7 17
** er Cent. , 840 * •...... 94%
Ditto Account *** . .. ..
ditto. Passive I7BWA 17 1714 1714
37
' Ditto. 3 per Cent
hi ' London.
thvntends on the above pave 131
go
Beligan, 414 per Cent.
55!.,(
1"..t,,a per Cent 12 Guild. .. 5514
~
553 i
Ditto. Account
Dbitto. 4'per Cent. Certificate? 8474 85 x d 85 xx cl
o. Bonds .. ...... . - d
.1111SINESS DONE CLOt•IN,I
RAID RICES Or
VAY 0 Es. PAID.
AT ONE O'CLOCK. PRICES
Aberdeen ............... 50 —
dill
Do. Preference . ... ..... 81 ...... dis.
konber. Not, Boston,
and Eastern Junction 7%......
.
ta,Bhira and Galloway.. 7%
tt:,,st County Down 30
-148 ts Hants Extens.
tot )Vest. Per.s per et.) 6 ......
Tcoinghtun and Ox-
-I°ll unct., calls duly
~aid, or with a guaran. 20 ......
_
b.PO, without guarantee 20 ......
ulrrniny. Wolverh'ton, and I,' udl ey, calls duly
td, or with guarantee 15 ...... --
1r on. without guarantee 15 ...... --- .••••••••
Irrning.,Wolverh'pton,
„and Stour Valley ..... 131. 14e ... --
.15;r1tenhead, Lancashire,
...,
, sand Cheshire Junc.... 23 .....
_
8 (stet and Exeter ...... 100 •
.
.. die.
Cacho,Ditto Thirds .... ..... 331
_
Aledghain‘hire ..... 17% —
onian .... . ....... .. 50
Ditto, NEW IC4 Pref... 10
i chb tto,Clydesdale Jfuic 50
zter and Holyhead.- 50 —
•• ••••••
_
oat° p c . -
Di , Preference •.,, La
reet London & Ports-
, Mouth .......... . ..... 514 —
tiVnblin and Belfast June. 48 --..— ...
,undallsit Enniskillen 30
''llaut Anglian, 254, L. &
E.
!Lod L. and D.. ... 25
UO. 184, E. & IL.. 18
t, Do, 34 10., Pref... 3% —
.4itto, 7/. 17s , 7 per
~, Cent., Preference 2
.astexn C0up1e,........ 2O
bo New Pref.rerce,
DRuer Cent. .
„....... 10
i_tto,Extension, 5 per
Nuent., No.l .... ...
.. 61.133.41... P Lttc, ditto, No. 2...61. 13s. 4d... P
Do. North. & Eastern,
..,8 Per Cent. ........ 50
DA Dtto. 5 per dent.... 50
t. • New ............. 43 ......
.48terri Union, Class A
UDiAlate E. IJ, Shares) 25
tto, Class A, ditto,,. 6
p, Class B & C ...... 25
East Do. ..,"crip (6 Per cent.) 20
Lancashire ......... 25
Di tto, New Quarters 6% - ........
uo-, 6 per Cent. Pro-
—
,h 4 ference Quarter. ..• 6%••N••
E". ,t, Lin Quarter.._.
guar
6 per Cent. .. ....... 25
_
411.1113urgh and Glasgow 50 ..».•
L.Pito• Half Shares „. 25 —
'-uir., Perth, & Dundee 25
Ditto, Newport ....... .. 15 .. ... --
P.:Xeter.Yeovil, & Doreh. 2%
-_
txeter and Exmouth... 21s.
UlsBsow, Dumfries, and
....
, Carl inle ............ 8/. 6s. 8d....
_
ulasgow,Kilmar.,& Ayr 50 .....
„ bo.Prefereneo ConBol.
Woucester 8: Dean Forest 121,,,...... *** .......
..
61.,,wct Northern ......... 2
‘,',0.. A Deferred .., 12%.,,„,..
",u., lit B 6 nor Cent... 91,4.
4-'o.s 6 pet Cent. Pref. 12%, "" '•

86%

54.
70 x d

-
5%

-
1%

7%

- P
- P

;rant Sonth. and West.
( Ir4and) 5O ...... ••• ..... .....
Ditto, Eighths 11,4
G:, 1 ',.. N orth of England.loo ......220 ....
Ditto, 1,7 ow, 401 4O
Ditto, ditto.
Ditto. New, 301

Ditto. New,ls/... ...... 15 ......
Great Western 10U ...... 52 51 %s 4
Ditto, Shares 5O ...... .• 2" • • ••• ••

Ditto; 1,.; Shares
Ditto, Fifths
Ditto, New 171........ 15 ...
Hull and Selby
Ditto, Half Shares ... 25 ...... 48
Do. Quarter Shares... 121,4 — .. —
Lancaster Pnd Carlisie... 50 ......
Ditto, Thirds
Lancathire& Yorkshire 10(1
Do. Quarters ......... 2314 — ...
Do. Fifths.... ........ .... 10
Do. Thirds .... ........ 18 -
Do. Ncw.Gua.6 per et. 10

Ditto (lludderqield
and Shelf.) 5O -- ••
Do. (W. Riding Union) 11 !4 2SV, ... • .
Leeds and Bradford
Leeds and Thirvk •••••• 50
Do., Prefer., 6 per Ct. 34..•..• .• —
Do., do. No. 0 10
Do., do. ....No.. 3 5
Do., Pref. Quar., 1813 9
Liverpool, Crosby and
Southport . lO
London & Black wa11...11/. 63. 3d... .. ... ..
L 'noon, Brighton, and
South Cow... —. 100 ......
Do.. New, guaranteed
6 per Cent . .lOO -
Do•Guarant. 5 per t t... 9 ...... 10%....
Do. Prefer. 5 per cent. 50 ...... -

Ditto ditto..:.. 1852 50 .....
1.4.nd0n and Greenwich 12/15. 4d... .. ... .....
Ditto, Preference. 2O
London and N Wt,tern 100...1031414% 103 1023/4 103►4
Ditto, New Quarters 12 ...... 103/4 lic% % lOl/z
Ditto, Fifth. l2 ..... 111 14 lO4
Do. 40/.Shares(L.M.) 40
Do. 104 (M. & B.) C. 1 ...,.. 114.•. ....... ... 11A
London &S.Weat9rn ..100 ...... 60% •613/4,
Do, New 501......... 92%
Do. New 40/. 34
Do., New Preference. 5
Londonderry&Coloraine 25 ..... —..... ........
Do. 1/4 Shares .......,. 5 - ........ ..••,..

Londonderry and Ennis-
killen 25 -•
Do. % Shares ... 614
Lowestoff. guar. 4 per ct 20
Ditto (6 per ct.)
Manchester,l3uxton,and
Matlock
Manchester, Sheffield,
and Lincolnshire...100
Do. Quarters (No. 1) 25 ...
Do. New 1 aI. Pref lO ......, 654 . 6%
Do., Manchester and •
incoln Uni0n......4/. 2s. die
Midland ... ... ..... ......tt 0 ...... 353/4% 35%
Do. Consolidated Pref.loo
Do.,
50/. Shares ..... 30 .. ... 2N, 3 2%
Do.Birm.. and Derby ICO
Do. Consolid. Bristol&
Birming., 6 per ct.... 100 ......122% 122%
Ditto,Brist• &Glocstr. 42
Ditto ditto 22/. 78. .. ...
Do.,ErewashVal.,Pref. 50
Ditto, Leieest.& Swan-
nington, 8 per ct.guar.loo
Midland Great Western
Irish
Middlesbro' and Redcar,
6 per cent. guar.: 5O
Newcastle and Carlisle.loo ......
Do. Quarters
Newmarket
Do. Extension
Newport, Abergavenny,
bnd Hereford • 6 •••••• -
-
Newry and Enniskillen 7
Newry, Warrenpoint,
and Rostrevor .. 20
Norfolk .... •....1.....100
Do. New 201.
De. Extension ...
Do. Guaranteed s%pc. 5
Do. do. Waveney Val. 2 ......
Northern Counties Union 4 ......
North British ...•....... 25 ..... 81,4 x.d ......
Ditto Preference
North Staffordshire ... 17% 6%.....
North-Western . 13%
Oxfmrd, Worcester, and
Wolverhampton 5O - _ .....
Preston & Wyre 25 ... ..
Do. % Shares (A) lO ...... ...- ...... ....
Reading, Guildford, and
Reigate
Royston and Hitchin ... 4% .. ...
Do. Shepreth Eaten . % — ...

cottish CCntrAl

Scottish Midland
Ditto, New
Shrewsbury and Bink... 1314 ...... - di5..:... ..
Ditto ditto. Class B. 9 - ..• 4," 11.1 ..... ......
Ditto, New Guaranteed 8
Shrewdbury and Herefd. 5 ......
Shrewsbury & Chester
(Nor. W. Min.) —
Ditto Halves ...
Ditto Oswestry
Ditto New
Do. 8 per Cent. Pref. 10 -
Shropshire Union
S'uth Devon 5O ...... - -
Do. Preference
South Statrorddllire BIA — ....... ... ....
south Eastern .. 33141 13,4%...... ..... 13%
Do., N 0.2.
Do., No. 3 .-.... ...... 3U ..-.. 13 ...
Do., Registered No. 4 10 ...... 4t,i.... • 4%
S nith vt alai
•(,nth Yorkahire, Don-
c Ater, and Uoola l3
Sr &Bel& Rotherham, &
Goole (N. Div.) Gua-
ranteed 5 per cent. ... 18
Do. do (Sou. Div.) ... 5
Swans. & Loughor & Ca-
meron's Stm. Coal. ... S ......
TAW Vale Extension ... 8
... ~. ..... ... "
Tlames Haven Dock
and Rzilway
Vdie of Neath ... .. lO
%' at orford and Kilkenny 20
Waterford and Limerick 471,4 —
Waterfd,Wxfrd,Wic,klw
and Dublin -..............-
Wear Valey 6 per Cent
Guaranteed ... ...
Do. do. dc.... 25
Do. do. do. ... 15 .....
West Cornwall ..... .... 71, ... .. -
Whiteaven & Furness 18

Windsor' Staines, and
South Western ..... ... 14 ...... ..... .. .......
Wilte, Somerset, & W By -
mouth '
Vork, Newcastle, and
Berwick. .... ......—... 25
Do. I'Cevccastle Eaten. 20
D.. G.N.E.Pretercuee 8 ..... A Ai
Do. Hartlepool Dock
and Railway lOO ......
rork and North Illidltnd 50 ...... 15% 15%
D:tl, Preference ...... 10

FOREIGN RAILWAYa.
Atli; o It:Han (late Ita-
lian and Austrian). ... 5%
tioutogne and Amiens-. 20
Central of France (Or-
leans and Vierzon)... 20
Demerara ....... ..... ...... 1714 — ••• —
Dutch Rhenish ..... .... 8 ... ..
East Indian
Ditto ...... ..... .... ..... 20
Great Indian Peninsular o - ••• ......... •••
Do. Do. ... —.— 1
Louvain Ila i`Sambra ... 71A —
Luxembourg
Ditto l%
Madrid and Valentia 2 ......
Namur and Liege ...... 20 ... ... ...... .. ,
Northern of France l6
Orleans and Bordeaux.. 7 . ..... .........„ ..
Paris and Orleans ...... 20 ..... .... ......
Paris and Rouen 2O ...... ...
Paris and Strasbourg
Rouen and Havre ...... 20 ...... -
Sambre and Meuse 2O ..... 2% ... 2%
Strasbourg and Basle
Tours and Nantes .. 13 ......
Tournay, Jurbise, Lan-
den, and Hasseit ..... 20
West Flanders B3/4 .• .... ---
JOINT STOCK BANKS.
A mitralasia
British North American 50
Colonial 25
Commercial of London 20
London Joint 5t0ck...... 10 ......
London & Westminster. 20 ......
ationalProv. England. 35 — -
Ditto New... ..... ...... 10
National of Ireland 221,4...... .... ........ ...
Provincial of Ireland
Ditto, New ..... ..... 10
Union of Australia -
Ditto, New ........... 2%...... . —
Union of L0nd0n......... 10 ...... 12
Union of Madrid 40 —

LLOYD'S SHIPPING.-(THIS DAY.)

LONDON, APRIL 4.—Wind S.W , fresh breeze and
squally, with rain at times.
DEAL, APRIL 3.—Wind S.W.—Arrd. Sir Thomas
Gresham, Walensley, China. Arrd. froze the River, Ra-
milies, Hobart Town; Emma Colven' Shanghae; Can-
dahar, Adelaide, South Australia; Munez, Gambia;
Princess Victoria, Cape of Good Hope; Santa Anna,
Havannah; El Dorado, New York; Bachelor and Ed-
mond, Quebec; Deva, ditto; Perthshire, St. John's,
New Brunswick.
COWES, APRIL 3.—Wind S.W.—Arrd. Ursus Minor,
Mickleson, New York. Sld. Blenheim, Hobart Town.
FALMOUTH, APRIL 3.—Wind S.S.W., strong breezes.
—Arrd. Juhn Johnston, Jansen, Pernambuco; Resolu-
cior, Fabugas, Havannah, for Antwerp.
Dutionum.—Arrd. Sarah ADA, Liverpool, from St.
John's, New Brunswick, malting Rater.
FALMOUTH, APRIL 3.—The Argo has been surveyed
and commenced landing her cargo.
CASTLETOWN, MARCH 30.—The Candace. of Shields,
cut 124 days, was spoken 23d inst., short of provisions
and water, and supplied by the Margaret, arrived here.
BELFAST, APRIL 2.—The Preston, Dundalk to Glen-
gall, struck on the Cannon Rucks on the night of the
30th ult., and has become a total wreck; crew drowned.
PORTSMOUTH, APRIL 3.—Wind S. to S.W., squally.
—Arrd. Betsey, Atkinson, Messina, for St. Peters-
burgh, with sails split, and to stop a leak above her
water-line.

LONDONDERRY, APRIL 2.—The Mars, of Ballycastle
fir this port, sank on the 29th ult., mar Duna!} Head,
with her masts visible above water; crew saved.
PETERHEAD, APRIL 1. —Part of the stern of a vessel
with " Marse Packet, of Sunderland " painted on it in
yellow letters, was washed on shore yesterday at rod-