The Sun.
London, England, 1850-02-23 00:00:00

IVIONEY and COMMERCIAL NEWS.

C TV. QUA 7: T.Z.,;1? TO 111 BEE: -
The sales of Cottrn at Liverpool yesterday were
e>timated at 4,000 bales, all to the trade.—Railway
Sharer were very dui!.

The Weekly -Stitement of the Bank of England is all
on the side of increased assets. Thee is au aceumula-
tion of notes unemployed, and of bullion, while the loans
appear to have been diminished likewise. The balance to
the credit cf Government was largely added to, and the
only indication of a slightly augmented opening for the
employment of money is in the reduction of private
deposits. The comparison with the previous statemen
is as follows :
Notes Issued
Increase

... 30,340,035
... 214.650
... 3,317,661
... 58
... 7,087,030
... 815,000
... 9,848,781
... 311,487
... 1,153,364

Rest ... ... ~,
Increase ... ..,
Public Deposits ...
Increase ...
~,
Other Deposits
Decrease ...
Seven Day and other Bills
Increase ~. ~,
Government Securities ..
Increase
..,
Other Securities •• •
Decrease ...

18,126
... 14,399,368
... 102,814
.. 9,657,067
55,638
•••
Notes ... ... ... 11,153,635
Increase . „, 449,525
Bullion ... 17,089,901
Increase ... 239,646
Active Circulation 19,186,500
Decrease ... 234,875
The rates paid for bills at 90 days upon the principal
continental cities were 3 esterday afternoon as follows:
Paris, 25 67i to 70; Antwerp, 25 70 to 75; Ham-
burgh, 13 12:1 to 134; and Trioste, 11 32 to 35.
It is not often that the reports made by the Joint-
Stock Bank boards of direction afford much information
beyond what immediately concerns the proprietary, and
perhaps it may be as well, since the great difficulty would
be to avoid touching on debatable ground. There are,
however, in the annual report of the Birmingham Dis-
trict Banking Company some judicious observations re-
lative to past reverses in the manufacturing districts,
and the following is a portion of them:—
" Since the firmer report was presented, many of the
effects produced by causes of then recent occurrence
have, to a great extent, gradually settled down, but still
leaving traces not soon to be entirely effaced, and recol-
lections of too vivid a nature to be forgotten by the un-
fortunate subjects of them. But it is surprising to ob-
serve how the elastic force of a community, possessing
all the elements of greatness, heaves and struggles until
it overcomes the pressure even of intense disaster, and
how rapidly it surmounts, not only one crisis, but a series
of crises; although after every such struggle many
affecting cases of blighted hopes and ruined fortunes
give but too sure evidence of the resistless force of the
late storm. It is, however, highly satisfactory to con-
trast the present circumstances of the country with its
late condition and prospects during the prevalence of
commercial reverses, of money panics, of dearth, and of
drains for railway engagements, which threatened to
exhaust the large class of persons concerned in tkat
adventure.

" In the manufacturing districts generally, but espe-
cially in Lancashire and Yorkshire, a great revival of
trade has taken place, particularly in most articles pro-
duced for foreign markets; and perhaps it is not too
much to state that considering the general employment
of the people, and the low price of nearly everything
that enters into their subsistence, the working clas6.es
never had a greater command of physical comforts than
at the present time. This is really a cheering fact; and
it may be hoped that considerable numbers of provident
men will avail themselves of the favourable opportunity
to make such reserves as will guarantee them against
feeling the severity of any future periods of depression.
" The retail trade cf the country has not enjoyed the
full benefit of the improvement already referred to,
owing partly to the great depression which, in turn, and
especially during a period of transition, has come upon
the agricultural interest. But despite the present gloom,
which forms a serious drawback on the cheering signs
of the timer, it may be hoped that, seconded by British
capital, skill, and energy, other causes will soon come
into operation which will arrest, or at least mitigate, the
threatening evils, and make agriculture fully participate
in the general prosperity; so that it shall cease to seem
that the prosperity of one class is incompatible with that
of any other. But another cause which has worked un-
favourably for the retail trade Is the great diminution of
income arising from the generality of railway invest-
ments, and which could not fail considerably to limit
consumption.
" This rapid glance at the condition of the several
interests on which banking profits in this district de-
pend would be incomplete without a few remarks on the
iron trade. The production of iron being unduly stimu-
lated a few years ago by large orders for rails, at high
prices, it was obvious that whenever a serious check
should occur to that extraordinary demand, the home
and foreign markets together would soon fail to take off
the additional production, and that consequently depres-
sion must ensue. The check came with the reaction in
railway undertakings; and almost, with the exception of
a few old contracts, the sudden cessation of demand for
railway iron produced great depression in the trade,
which all attempts to overcome, except by a diminution
of the make, failed to secure. At present, however,
there is a better feeling, and a fractional improvement
in prices, the demand for commercial and trade purposes
being very considerable, and altogether giving promise of
better times."
The exports of bullion from London during the week
to Thursday last were 65,318 ounces of silver and 514
ounces of gold to the Continent. There were a!so 706/.
in specie sent to the Mauritius.

The West India letters and papers were delivered to-
day, but they add nothing important to the published
ad vices.

The report cf the Amsterdam Bourse of the 21st inst.
is unfavourable. Large orders to sell continued to ar-
rive, and home and foreign securities all suffered. Dutch
Two-and-a-Half per Cents. were 54 9-16.
The Hamburgh Mail of Tuesday brings the rate of
exchange on London at 13 10. The Coffee market was
duller.

The advices from the woollen manufacturing districts
notice continued activity, and in the hosiery department
there is a good deal doing, but the cotton branches are
heavy.
The Funds have been fluctuating again, but at this
moment look somewhat better, owing to the report per
telegraph that the basis for an arrangement of the
Danish geestion has been agreed on at Berlin. Con-
sole have been 95 to for Money, and are now 95k I.
For Time they ;realise 954- 1. The New Three-and- a-
Quarter per Cents. are 974 Exchequer-bills have
been marked 545. to 575. premiurc.
In the Foreign market scarcely any business is doing.
Mexican Bonds are 29i Peruvian have been 804 to
81. Russian Scrip is dull at 2 prem.
Railway Shares are all heavy again, the North-
Western dividend of only 5 per cent. having an un-
favourable effect.
BRITISH FUNDS THIS DAY AT ONE O'CLOCK.
(From the Official List.)
3 par Cent.lieduced Annuities
8 per Cent. Consols Anus
New 314 per Cant. Anas.
Long Annuities, Exp. Jan. sth, 1860 8 9-1 G
Consols for Account
Exchequer Bills. 4d.
March. June.
1,0601.
5001 54 57 p
Small 54 57 p
PRICE OF FOREIGN FUNDS AT ONE O'CLOCK.
Mexican Bones, 1846,5 per Cent., Coupons
Ditto Ex Jan. Coupons
Ditto Account . 2935%
Peruvian Bonds, 4 per Cent
Ditto Account
Ditto Deferred
Portuguese Bonds, 5 per Cent
Ditto 4 per Cent.
Ditto for the Account 32
Russian Bonds, 1822, 5 per Cent —
Ditto Scrip 2
Spanish Bonds, 5 per Cent IBI/

Divided on the above paayble in London.
Dutch 214 per Cent., 12 Guild ...
Ditto 4 ner Cent. Certificates ... 8614

BUSINESS DONE IN RAILWAY SHARES AT ONE O'CLOCK
RAILWAYS. PAID. PER SDAR2.
Caledonian 5O .. ... 11% to
Eastern Counties ....
Do. New Pref., 6 per Cent.. 10
Fast Lancashire .... ... ... ... 25
, lO ... .. to

Great Northern
Do. 1, B_6 per Cont. ...... 71/ 3 % ...,.. to
Do.,
5 per Cent. Pref. 121/2
Great North of England 100
Ditto, New 301 ... 30 ... .. 671/2 x.d. to

Great Western
Ditto, Quarter Shares
Do. New 171
Leeds and Bradford 5O ..... 96 x.d.... to 7.7. .

Lond.,Bright.,& South Coastloo ..... 00
London &North Weutern.....loo MI% 10714 to 10611 i
Vo. New Quarter&
Do. 101.... M. and B. (C.) 1
Manchr, Sheffield, and Linc.100
Do., New 10/. Preference.. 10 ... .. 71,4... to
. _ .

.................100Midland v
__ Ditto, 50/. Shares ...... 30 -

North firitish ......... . 25 . to
Do. Quarters ...... 614 21% x.i. to
Ditto Thirds',..
Nort a Staffordshire— ...... 17%

Oxford, Worcester, and Wol- ....,
verhampton
Scottish Central
Shrewsbury and Birmingham 121,4 414 ...... to
South Eastern' 33178 18%%14 to
Ditto, Registered No. 4.... 10
South Wales
fork, Newcastle, and Berwick 25
Do. and Newcastle Exton. 20
Do. G. N. E. Pur. or Pref. 8
I ork and North Midland .. .r.O
Ditto, Prefereaca lO -

FOREIGN RAILWAYS.
Boulogne and:Amiens 2O ..... x.div to
Northern of France IG ..... 10/g to
Rouen and:Havre 2O
_to

fill
Cobre Copper •• Of *o NE
3.
_
f. 40
United Mexican

DEATH OF GEN. ROBERT DUDLEY BLAKE.—We
have to record the demise of the above venerable and
gallant General, who died a few days since at his seat
in Sussex. The deceased General was second son of the
late Sir Francis Blake, Bart., of Twissel Castle, and
brother and heir presumptive of the present baronet.
llis commission was dated as subjoined :—Ensign,
March 8, 1793; lieutenant, June 29, 1793; captain, May
21, 1794 ; major, September 18, 1794 ;
Fehrua,sy 28, 1795; colonel, April 29, 1802; major-
general, October 25, 1809; lieut.-general, June 4, 1814;
and general, January 10, 1837. The gallant deceased
was in his 75th year.