The Sun.
London, England, 1844-09-28 00:00:00

-
MONEY AND COMMERCIAL IN E WS.
CITY, QUARTER TO THREE.
The Cotton market at Liverpool had a steady appear-
ance yesterday, and full prices were paid. Sales 5,000
bales.—Shares were steady, and in some cases in good
request. Birmingham and Gloucester, 108 ; Bristol and
Gloucester, 47i ; Caledonian, 4i ; Churnet Valley, 41;
Dublin and Belfast, Junction, 4-i ; Eastern Counties,
Perpetual, 21. 12s. 4d. ; Grand Junction, Half, 1064 ;
Liverpool and Manchester, Half, 101 ; Birmingham,
Thirds, 37i ; Manchester and Leeds, 1231 ; Lancaster
and Carlisle, ; South Western, 74 ; Midand, 107 ;
Sheffield and Manchester, 93 ; South-Eastern, ;
Boulogne and Amiens, 21. 12s. 6d.
Much disappointment has been experienced among
the mercantile interest at the vague tenor of the advices
received from the Brazils. At the same time we believe
that there is little doubt but that the information we
have before mentioned will turn out to be correct, and
that a favourable treaty will be concluded with the
Brazilian Government. So satisfied are many of the
merchants, that such will be the case, that they
have commenced fresh speculation in goods suitable for
the Brazilian markets. 'There are large supplies of Bri-
tish goods now lying on hand, and should the informa-
tion we have received prove correct, there is not a doubt
entertained but that within a very short period after the
new treaty comes into effect, almost all will be cleared off,
and a fresh impetus be given to our trade by the concessions
made on both sides upon the basis of which the com-
merce between the two countries will hereafter be
carried on.
There is not a single arrival from the colonies to-day.
The weekly return of the Issue and Banking Depart •
merits of the Bank of England afford little matter of cow-
, went to-day. In the notes issued there is a slight in-
crease, as also in gold coin and bullion. The rest is also a
shade higher. The public deposits have increased about
875,0001. ; ether deposits about 36,0001. ; whilst seven
days' bills show a decrease from 1,007,6701. to 972,9591.
The other items comprised in this fresh mode of deline-
ating the Bank's accounts vary but little from the
statement of last week.
It is stated that the Committee of Spanish American
Bondholders have postponed till next week the con-
sideration of the propositions of New Granada, which
were, to recognise 50 per cent. of the Colombian loans
as her debt, and to issue new stock to that amount, to
bear interest at the rate of 1 per cent. per annum, with
an annual increase of per cent. until it reaches 6 per
cent. For the arrears.of interest now due and accruing
till that time, new stock to be issued for cent.
per cent. of the principal, but these not to bear interest
for sixteen years, when they would commence at one per
cent. per annum, and increase per cent. yearly until
they reach 3 per cent. The interests to be paid in to-
bacco of the factories of the Republic at the price of 16s.
per arroba. Bonds to be taken at par in payment for
national properties, and the entire tobacco revenue and
half the Customs to be pledged to the payment of the
dividends.
The public securities are higher again to-day, and
stock is becoming scarce. Consols 100 to 1001 for the
first transfer day next week. and 1001 to 1 for Account..
Exchequer Bills have been firm at 745. to 761. premium.
The Foreign Bonds are very quiet, and not buoyant.
Spanish Five per Cents. are 24 ; and the Three per
Cents. 35. Mexican are 371 to and Colombian, 14k
Brazil Stock has been firm at 90. Dutch Two-and-a
Half per Cents. realise 621 to
The Share Market is dull, but holders seem firm.
BRITISH FUNDS THIS DAY AT ONE O'CLOCK.
(From the Official List.)
3 per Cent. Consols. Annuities ..... 100% %
Bank Stock for Account
Console for Account 100%%%%
Exchequer Bills, 10. 134c1.
1,0004 •••••••••••••••••••••••• 74 70 Pm
5ma11.5001.. 74 76 pm.
Ditto— 74 76 pm.
Ditto Advertised.
FOREIGN FUNDS THIS DAY ATONE O'CLOCK,
Brazilian Bonds, b per Cent. ..... ........ OO
Columbian Bonds. ........... ..... 14%
Mexican Bonds, 1837, 5 per Cell' ..... 37%34
Ditto for the Account
Ditto Deferred 5t0ck................ ............ 15%
Spanish Bonds, Five per Cent
Ditto for the Account 24
Ditto Three per Cent.
Dutch 2% per Cents
PRICES OF SHARES IHIS DAY AT ONE O'CLOCK.
RAILWAYS. PAIL Pia SHARE
Birmingham and Gloucester.... 100 ......... 107 103... to 10734
Bristol and Gloucester 3O ... 47 ..... to
Chester and Holyhead 5 6104 to
Edinburgh and Glasgow 5O ........66 to
Great Western .......... .......
Ditto
and ........ 50 ......... 86%
London Birmingham. lOO .. 21S 219
London and Brighton .....».».».. 50 ......... 46% % .. to
London and South Western ..... 41% 75)4% to
Ditto Eighths ........ 2%% ... to
London and Croydon
London and York. .....
Manchester and Leeds.a 7O 1AN.... to
Ditto 54
Midland Counties 100 107 to -.-
Birmingham and Derby .... 100 ..... 7734
York and North Midland ..... .... 50 ........
Ditto 34 Shares 25
Ditto Selby Scrip ......... 95 1434... to 3..5
Central of France
Paris and Orleans. .... 20 ..... 39%
?amend aqs% to

... .
JOINT STOCK BANKS. -
London Joint Stock
PRICES OF IRISH STOCKS, Ssrr. 26.
3 per Cent. Consols .... 99
Three and a Half Stock ......
Ditto New, 1630
3% per Cent. Debentures 93%
Bank Stock
Grand Canal Debentures, 6 per Cent.
Royal Canal Stock 33%
4 per Cent. Ballast Office Debentures
4 per Cent. City Debentures ......... ........
LAST PRICES OF SHARES,
RAILWAYS. PAID. PER SEARS.
Dublin and K. Road
Drogheda Ditt0...... 6O 6B
Dublin and Cashel ditto ....... ........ 2%
Dublin and Belfast Junction ...... 214 ..... 14144
Hibernian Bank 25)4 ...... 32%
Royal Bank ..... lO
National Insurance 25 ... ..... 34
Patriotic ditto
Milling Company of Ireland...
Wicklow Copper Mines
City of Dublin Steam Company lOO lO5
Ditto Ditto 5O
Ditto Difto, 1836 ....
British and Irish Steam Company ... 50
Steam Ship Building Company
MANCHESTER STOCK EXCHANGE, SEPT. 27.—There
has been an active business to-day, and prices are firmer.
Blackburn and Preston, £3* ; Blackburn and Accrington,
4 to 4 1-16 ; Churnet Valley, 41 3-16 ; Eastern Coun-
ties, No. 2, 193. ; Huddersfield, 2 ; Lancaster and Pres-
ton, New, 3 ; Leeds and Dewsbury, 5i f ; Liverpool
and Ormskir, 3 ; London and York, 41 ; Manchester
and Leeds, 122 ; Ditto, Half-shares, 51i ; Manchester
and Birmingham, 49i ; Scottish Central, 2 9-16 ; South-
Eastern, 38k.

ELECTION OF LORD MAYOR*
(THIS DAY.)
A Common-hall for the Election of en Aldermeti°
serve as Lord Mayor of the City of London for WI;
suing year was held this day at Guildhall. The 50 0
once of Councilmen in their gowns upon the platilL4
was more than usually nnmerous, but in the earls Ps 14
the day the Hall was by no means so crowded as 0"s
be expected from the excitement prevailing in the CI,
Mr. Alderman W. Hunter and Mr. Alderman Sideeti,
(just elected for Billing. gate Ward) were swere r
Sheriffs of the city of London and the county of Odd: o/
sex, and received the chains of office from the hand
their predecessors.
rsiti
The appearance of the candidates for the 3ler
on the hustings did not in the earlier part of the pied
ceedings elicit the slightest manifestation of feeling,'
• sof
silence and quiet of the meeting fur the first hour, bo
in remarkable contrast to every previous cougnor,oct
we have witnessed on occasion of a contest. By ono o
however, when the Lord Mayor and Aldermen retie;
from church, the hall was filled, and the orderly eyr
racter of the meeting very materially change-1
d r•
Alderman Wood was slightly cheered, but Mr. Ale,
man Gibbs was saluted with a few hisses• but there e
.;
not a very marked sensation of favour or 'dislike tow'
either.
At half-past one the Corporation returned freesdos
church, and the proceedings commenced. When it. 1.01
man Wood appeared on the platform he was rceel
with slight cheering ; and when Alderman Gibbs r
peered, he was received with expressions of disaPreb lour
cheers Alderman Humphrey was greeted with
sir
cheers ; and there was no manifestion whatever of Pei
lar feeling, on the appearance of the Lord mayor.
ts
The Town Clerk having opened the hall in the 111"
form,
The RECORDER came forward to address 'the
The
very, and was received with loud cheering. het
were called upon that day to exercise the nigfog
privilege which they enjoyed, that of elf:6011
the Chief Magistrate for this ancient city. heriff
Alderman who had served the office of
it, the
was qualified to become Lord Mayor elect, and 'a the
laws and customs of the city they were to return 'sons
Court of Aldermen two properly qualified persons, or
of whom the Aldermen were to choose as Lord
rival
for the year ensuing. It was their undoubted 101„, to
and duty to decide upon the fitness of the persons
be returned by the Court of Aldermen. Ther,w.o,
fettered by no condition in coming to such and
The names of those who had not passed the ch'"'.l.' ;to
who were duly qualified, would be first subtalttf,
them ; but their choice was not confined to those,_,,"
Ds
their undoubted right to choose any qualified part
they might think fit—(Cheers)—to return to the fled
of Aldermen. He congratulated them on being clot
on to exercise this privilege, a privilege of
every other corporation had been divested.--(0,--ia
cheers.) They, however, still possessed the ;of
privilege of electing their own magistrates. -lot
were an example that the free institutions of tb,
City were sufficient to resist all innovation When
franchise was exercised by high-minded and indeneeboot
citizens.—(Cheers.) He would not say one word..l,cer
the choice they were about to make ; but hew 7,,fore,
viuced they would do as they had done here,7oght
choose those, who in their honest judgment they
best calculated to uphold the dignity and honour of
City.—(Cheers.) a the
The Common-Sergeant then came forward, 10? • tbe
names of several Aldermen were then proposed IdWith
usual manner. Alderman Wood's name was received, ads
loud cheers, mingled with a few hisses • a forest 0f,4.,,,,
were held up in his favour. The name of Alderman, foot
was received with groans and hisses, mingled Tau' lila.
cheers ; many hands, however, were held up for with
The name of Alderman John Johnson was receive,' for
loud cheers, and nearly as many hands were held 01/e re
him as there were for Alderman Gibbs. Some hands vi
diets
held up for Sir G. Carron, but the names of the foto
were received without any manifestation of apPr°'
or disapprobation. &fir.
The Commost SERGEANT, baying consulted eit"tword
Sheriff Hunter and Mr. Sheriff Sidney, came 'l°;hoice,
and said the Sheriffs were of opinion that Your ono
has fallen on Thomas Wood, Esq., Alderman. eel
Frame-work Knitter—(Loud cheers)—and on 201
Gibbs, Esq , Alderman and Fishmonger.—(Cheers
hisses.)
so the
The Lord Mayor and Aldermen then retire,' -ort
Court of Aldermen, and returned in about half e° bo
when
f the CAIII4
The RECORDER declared that the electien o .
of Aldermen had fallen on Michael Gibbs, ESci*chee sing.
The announcement was made amid great lersi
hisses, and much confusion, which lasted for le
minutes.
sward,
The Worthy LORD MAYOR elect then cans fo-
and was invested with the chain of office.
atiid
greeted with tremendous cheering and hisses, 0" word
much confusion, he addressed the Hall, 'but not one
he'said could be heard by the reporters.
ssi. oldie°
Mr. Alderman WOOD then came forws,-- -0 of bats'
received with the loudest cheering and weei%ateemell
He said be had a duty to perform which wss
the Wert
gratifying to his feelings—that of thanking }be
for the kind support they hid given him, 'is for till
show of hands iu his favour was unpin-1111W"
s.) :It
history of civic elections.—(Hear, and loud cheersfoed
bespoke a noble and independent spirit. It 6_"
pd
that the spirit of inquiry was abroad—(Cheerans
that where persecution directed its shafts thei,:pol
ready to exhibit their public sympathy. He wont his
complain of being rejected while he stood so well Withter
fellow-citizens.—(Cheers.) He could possess no grethst
honour than that which he possessed at,rtecl
moment, as an independent magistrate soPr" his
by independent men, determined to °•a ilt
duty unflinchingly, faithfully, and perseveriwbea
and he would meet them again next yearlto be
he hoped to be elected.—(Loud cheers.) lie d f ate'.
a bad general who should retire because twice ieine bins
—(Cheers.) He forgave those who were oppose" Zhedr
and charged him with malversation; but he i;stur
from the bottom of his heart, those who kind)(those,
ported him that day.—(Hear.) He would begtch'ey bed
who supported him to disseminate the fliers rise snide‘
heard in their respective localities, and OA rs_ be still
of the persecution of which he was the ohJes',:tizons.-"
retained the support of so many of his fellore;heie sup'
(Hear.) He would now retire, but would ask e !!!
port again next year, when he trusted he would h might
,
increased number of friends, and that at
be the opinion of the Court of Aldermen, the ,
large had a better opinion.—(Cheers.)
amid cfsne.
Mr. Deputy CORNET then came forward —1 to
considerable noise, to propose a vote of thanks Alder
late Sheriff; Mr. Sheriff Musgrove, who was els° , Yds)
man of Bread-street Ward, and Mr. Sheriff Olc'duty of
alike belonged to that ward. It was a pleasing „,,
whatever
ery
ago
his part, to propose this vote of thanks to office much
had discharged their important duties with sei.tbeer
satisfaction to the public, and so much honour to
selves.—(Hear, hear, and cheers.) A With
Mr. HEPPEL said that he came forwar- whic',
great pleasure to second the vote of thanks 000
bad just been proposed.—(Hear, hear.) The ia the
of sheriff was one which was peculiarly sa the
gift of the Livery, and no foreign body hboiee.."
power of interfering with the object of their c ock
(Cheers.) It was not subject to the ordeal of 11,10111
body.—(Hear, hear.) The Sheriff was esnPu'ob an
their own officer, and the highest reward which s of his
officer could expect for the efficient discharge ci bite'
duties, was the approbation of those who electeotstioe
Both those gentlemen had risen from a humble to
by honourable exertions, talents, and industry. fiosi-
ncnt station in the City, and one of them was int;t;tion
tion in which he was likely to occupy the higheediog the
in the City. Ile had great pleasure in tteots
vote of thanks.
Commos CRIER then read the resolution 1a•
taing the vote of thanks, which was carried with
e for his
Mr. Sheriff MUSGROVE said that on his behalf tbetn
colleague was desirous of saying a word or two ,!erefore
himself; and he (Mr. Sheriff Musgrove) would ture they
leave him that opportunity, and he was sutoodp
would be delighted to hear him—for himseg_s beg
as he now did at the close of his year of office, he hoar
to assure them that he was deeply sensible of then of his
they had conferred upon him in thinking $0 pro,
feeble services during the past year. He year t.
os'
noised them at the commencement of the /of '
bring all his energies to the proper dischare.b We'
duties. He had promised to fulfil those duties wlita, bur
grity and zeal, with firmness, and forbearance, To eS;
manity, and with kindness. He had promise:re, be
hibit those qualities to all brought under his II to the
he had to boast of fulfilling that promise
had
letter. He had endeavoured upon all °es Oe hg`"
ameliorate the condition of those in distress. happy to
succoured those in need, and now he was most the.
receive the congratulations of his fellow-citizeneo west
close of the year of his shrievalty. He H
of the
happy to say that he only left in one_he
gaols 130 prisoners, when, upon entering uPerVer ehd.
had received between 400 and 500.—(11ear'their hind"
cheers.) He again begged to thank them for
his felloW-
ness, and whenever he could be of service to., of doing
citizens, he should be proud of the
of
so.—(Loud cheers.) ' a st°ll3l
Mr. Sheriff Moors came forward, amid f silence
mingled cheers and hisses. Some degree tbat big
having been obtained, the Hon. Gentleman tle_exj,iooo)
opportunity
worthy colleague had taken from him (Mr. Sheriff forth!
the power of adequately returning them his
thanked both
honour they had conferred upon him. They 10 return
endeavoured to do their duty. He begged he would
them his warmest thanks ; and lie trusted that
a.,so they
merit, during the time coming, the approh
, of
had conferred upon him that day. a eos-
Mr. D. W. WIRE, ho rose to propoe. tine
thanks to the Lord Mayor,
about
unable to obtain a hearing. He said
Ooe which
to perform a very pleasing duty, and ._l. hint,
was
forathwaOttairva°7
ho was sure, if they would but Ile°
robation•
would b a received with unanimous erPfi.,,o. the
It was to move a vote of thanks to the Rigs:, gatai
Lord Mayor, for his conduct in the chair. 11
hat high°
many gentlemen who had passed through t
sse
~ dig-
honourable office, but not one that had surpass a_frthity
nity or in urbanity the gentleman who now
who Worthily
nity de.
held that office, and none had he ever seen
served the thanks of his fellow-citizens.—msseenodt?ell
confusion ensued, during which the Learned
joke
man endeavoured to proceed, but was unable w
himself heard.)
givAefriciArAdierrirmeaanhleTaurstinTra
•ecd
their worthy Lord Mayor.
Mr. Wine: again came forward, but he was neacejthe
as before, with loud disapprobation. Ileitise,_7 ,a
truthsetesdubtjheactt tohfehiLsislpeerecY hwltlcis
meeting was evidently impatient to get s) tbao
he would not, therefore, detain them further
to say that it gave him the greatest pleasure t°