The Sun.
London, England, 1844-03-12 00:00:00

MONEY AND COMMERCIAL NEWS

CITY, QUARTER TU TILHEE.
A fair speculative and trade demand was experienced for
cotton at Liverpool yesterday at steady prices. Sales 5,500
bags, of which 2,000 were on speculation. A very large
amount of business was done in Railway Stock :—Birming-
ham, 833 ; Chester and Holyhead, 63; Eastern Counties, 113 ;
Edinburgh and Glasgow, 63 ; Grand Junction, 232 ; Great
Western, 113 ; Hull and Selby, 613 ; Birmingham, 242 ;
Brighton, 443 ; South Western, 83 ; Midland Counties, 94 ;
Paris and Lyons, 21. 14s. ; South Eastern, 353 ; Ditto New, 36.
It cannot be ascertained with any accuracy the amount of
the dissents that have, as yet, been entered in the books
now open at the Bank of England, opposing the plan
of the Chancellor of the Exchequer for the reduction
of the interest upon the Three-and-a-Half per
Cents. ; it being etiquette, we think, when en-
tries have really been made, for the Governor and Deputy
Governor of the Bank to communicate the fact to the Treasury.
Our information of yesterday was strictly correct; as it was
no breach of the etiquette referred to to say that no entries
had been made. There have been some assents to the plan,
as respects the Stock of 1818, and of dissents to the reduction
of the interest in the other Securities embraced in the
scheme of conversion. Probaby the real amount of
dissentients will be communicated to the House of
Commons this evening. However, the success of the plan
is held to be all but certain among practical capitalists in
the City. The subject has already lost much of its interest
in the Stock Exchange, and for the reasons which we have
just given, viz., the general opinion held that the conversion
will be accomplished without any difficulty.
There have not been any late arrivals of importance this
morning.
The Funds have been rather flat to-day. Consols at 983
to 983 for Money, and at 981 for Account. Exchequer Bills
have realised 70s. to 725. premium, and India Bonds 88s. to
90s. premium. The New Three-and-a-Half per Cents. have
been 1023 to 1023. There is very little doing. The Com-
missioners have taken Consols at 983.
The Foreign Market has been also a little flat, and we
quote some of the stocks lower. Spanish Actives are 253 ;
the Passives, 63 ; and the Three per Cents., 351 to
353. The proposed capitalisation of the arrears of
interest on the Actives into a new Three per Cent.
Stock, makes the market no better, as it is not likely Spain
can yet pay so much with regularity. Portuguese Converted
are 463 to 463 ; Mexiean have been down to 353 to 36 for
the Actives, and to 143 to 143 for the Deferred. Colombian
Stock has receded to 143 to 143. Peruvian, owing to the
accounts from Lima of the disturbed state of the Republic,
have dropped to 293 and 29. The Dutch Two-and-a-Half
per Cents. are firm, at 57 to 573.
There is not quite so much doing in Railway Shares, but
they are well supported on the whole.

BRITISH FUNDS THIS DAY AT ONE O'CLOCK.
(From the Official List.)
3 per Cent. Reduced Annuities
3 per Cent. Annuities, 1726 .......... 97%
New 334 per Cent. Annuities 1024%
India Bonds,l,ooo —
Ditto under 1,000 BB 901
Consols for Account 98%
Exchequer:Bills, I%d. 134 d
1,000/.
FOREIGN FUNDS THIS DAY AT ONE O'CLOCK.
Brazilian Bonds, 5 per Cent.
Ditto New Bonds, 1829 and 1839. 79%
Columbian Bonds.
Danish Bonds, 1825, 3 per Cent BB%
.
Mexican Bonds, 1837, 5 per Cent.
Ditto Deferred Stock 141004
Peruvian Bonds, 6 per Cents. —
Ditto for the Account 294 29
Ditto Converted 4034
Ditto for the Account. 46
Spanish Bonds. Five per Cent 1840... .......
Ditto for the Account
Ditto Passive Bonds.
Ditto Three per Cent.
Ditto for the Account
Dutch 23% per Cents 57%
Dutch 5 per Cents lO2
PRICES OF SHARES THIS DAY AT ONE.
RAILWAYS. PAID. PER SHARE
Birmingham and Derby IOO ..
Birmingham and Gloucester lOO ... 854 8734 to 8034 8534
Bristol and Exeter 7O 7034
Bristol and Gloucester 3O ... ..... . 44 -
Chester and Holyhead 5 64 .* .... to
Eastern Counties
Ditto New 25 13436 ... to
Harwich (Braithwaite)
Hull and Selby
Liverpool and Manchester lOO
Ditto % Shares .... 5O ll2 .. ..... .. to
London and Brighton 5O 44% to
London and Birmingham. Stock ...
Dit o 4 Shares
Ditto New Thirds
London and Greenwich (Preference) 18% ..... ... 17% to
London and South Western 41%
Ditto Eighths
London and Croydon (Trunk)... 133
Lancaster and Carlisle
Manchester and Leeds '7o 1164
Ditto New 30 56% ...... to
Manchester and Birmingham ... 40
Midland Counties lOO . 92
Ditto,4 Shares
Ditto lifths :2 3%
Norwich and Brandon ..... ....... 2
Northern and Eastern
North Midland
Ditto Thirds 2l'. 13s. 4d.......... 2934
Paris and Orleans ............ ........ 20
Paris and Rouen 2O 3494% ... to
Rouen and Havre.
South Eastern and Dover ......... 50
Ditto Scrip 25 35% ..... to
York and North Midland
Ditto Scarboro' Branch 234 ...... 20%
JOINT STOCK BANKS.
London Joint Stock
MANCIIESTER STOCK EXCHANGE, MARCH 11.—The market
continues very good, and prices generally better. The trans—
actions of the day are—Bristol and Exeter, 72 ' . Eastern
' Counties Registered, 13i • Ditto Perpetual, 1/. 9s. 10d. ;
Edinburgh and Glasgow, 621 ; Manchester and Birmingham,
45* ; Sheffield and Manchester, 71 ; Barnsley Junction, 3;
South Western Eighths, 44 and 5.
CLOSING PRICES.
BRITISH FUNDS.
Bank Stock
per Cent. Red — ;Ditto Bonds 9O pm.p
3 per Cent. Cons
3% per Cent. Red
New 336 per Cent 102% 'Ex. Bills, 1,000/. I %c 1... pm.
New 5 per Cent. Ditto 5004 ......... ..... . pm.
Long Annuities to expire Ditto Small pm.
Jan. 1860 Bank Stock for Acct....
Oct. 1859 — Consols for Acct 95%
Jan. 1860............ I India Stock for Acct —
FOREIGN FUNDS.

;Portuguese, 5 per Cent
Austrian, 5 per Cent —
Belgian, 5 per Cent ......
Brazilian Bonds — Prussian, 5 per Cent ...... ...
Buenos Ayres, 6 per Cent 3B Russian, 5 per Cent —
China'', 6 per Cent — Ditto, Metallic
Colombian, 6 per Cent: 14)( Spanish, 5 per Cent 25
Ditto, 1824 — Ditto, 3 per Cent 3, %
Cuba Bonds, 6 per Cent 93 Ditto, Deferred
Danish, 3 per Cent
Greek, 18::5, 5 per Cent — Exchange —f. —a.
Mexican, 5 per Cent
Ditto, 6 per Cent., 1837 — !Dutch, 2% per Cent 57%
Peruvian, 1825, 6 per Cent.. Ditto, 5 per Cent ... lO2

_ SHARES.
Birmingham and Gloucester (100 paid) 844
Ditto New (17)&das iZ d)
:-
Edinburgh and (ago w (50
paid)
Ditto Quarter Shares (124 paid) 15%
Great Western (75 paid)
Ditto Fifths (12 paid).. l9
Hull and Selby (50 paid) • 60 .
Lancaster and Carlisle ( 5 paid) 74
London and Brighton (50 paid)
London and Blackwall (161. 13s. 4dl) t.,4
London and Birmingham (Stock)
Ditto New Quarters ( 2 paid)
London and Greenwich (121. 15s. 4d. paid) —
Ditto, Preference or Privilege (131. 17s. 2d. pd) 18
London and Guildford Junction ( 5 paid)
London and South Western (411. 6s. 10d. paid)
Manchester and Birmingham ,,5
Norwich and Brandon ( 2 paid) 7
North Midland (100 paid) 92
Ditto Thirds (21/. I:3s. 4d.) 3O
South Eastern and Dover (50 paid) —
Ditto Scrip (25 paid) 35%
Yarmouth and Norwich (16 paid)

TO THE EDITOR OF THE SUN.
SlR—Under the head of the Mansion-house yesterday,
there appears in the morning papers of to-day a report of
what passed on an application by us on behalf of our client,
Mr. James Hutchinson, against Mr. Henry Smith Evans.
In case this application should be reported in your paper
of to-day, we think it proper that the public should be in-
formed, through the same medium, that, subsequently, Mr.
Evans made a most ample retractation and apology for the
offensive terms used (which is in our possession), in conse-
quence of which Mr. Hutchinson, through us, consented to
his discharge. We are, Sir, your obedient servants,
AMORY, SEWELL, AND MORRIS.
25, Throgmorton-street, March 12, 1844.

RAILWAY BUSINESS IN PARLIA
MENT.

Gravesend, Rochester, and Chatham Raillsay,—Petition
for Bill reported ; Report referred to the Select Committee on
Standing Orders.

Newcastle and Darlington Junction Railway and Tyne
Bridge,—Petition for Bill reported, and Bill ordered to be
brought in by Mr. Hodgson Hinde, Mr. Bowes, and Mr.
Liddell.

Pontop and South Shields Railway,—Petition for Bill re-
ported, and Bill ordered to be brought in by Mr. Hutt and
Mr. Hodgson Hinde.
Gravesend Railway,—Petition for Bill reported ; Report
referred to the Select Committee. on Standing Orders.
Brighton,Lewes, and Hastings Railway Bill—" For making
a Railway from the London and Brighton Railway to Lewes
and Hastings, with a Branch therefrom, all in the county of
Sussex," presented, and read a first time.
South Eastern, Canterbury, Ramsgate, and Margate Rail-
way Bill,—Motion made, and Question proposed, " That the
Bill be now read a second time :"—Amendment proposed, to
leave out the word " now," and at the end of the Question to
add the words " upon this day week :"—Question proposed,
" That the word 'now' stand part of the Question :"
Amendment, by leave, withdrawn :—Main Question put, and
agreed to :—Bill read a second time and committed, and re-
ferred to the Committe of Selection. _

Eastern Counties Railway Bill,—Read a second time, and
committed, and referred to the Committee of Selection.
Colchester and Harwich Railway Bill (No. 2),—" For
making a Railway in continuation of the Eastern Counties
Railway, from Colchester to the port of Harwich," presented,
and read a first time.

Brighton and Chichester Railway Bill,—" For making a
Railway from the Shoreham Branch of the London and
Brighton Railway to Chichester," presented, and read a first
time.

REMOVAL OF CoNvlcTs.---Early on Saturday morn-
ing a large number of convicts, under sentence of transporta-
tion, were removed from the Millbank prison and placed on
board the Blundell and the London, recently commissioned
as transport ships, and now lying off the Royal Arsenal,
at Woolwich. The prisoners were conveyed down the river
insteam-boats belonging to the Watermen's Company, un-
der guard of a detachment of the 58th Regiment, appointed
to proceed with them to their, destination. The London (a
fine vessel of 700 tons burden) takes out 250 of the lighter
class of offenders, and is bound to Hobart Town. The Blun-
dell carries 210 of the worst class, her destination being
the penal settlement of Norfolk Island. Both ships are
expected to drop down. the river with the flood-tide this
afternoon. It is currently reported that Government have it
in contemplation to abolish convict labour in the Royal dock-
yards, and for the future to employ none but free men in the
necessary works. The average weekly cast to the country
of a convict employed in the dockyards is nearly double thft.
for which free labour might be obtained. It ut not
merety •
the actual cost of the convict's food and clothing that has to
be taken into consideration. They work in gangs oflteinst):4
under an overlook r, receivea high wago,
only two
their movements. Add to tins, that where course Imesgary to hcep military guard constantlya watch-
ingare compelled to share the labour, and it will at 9117Lstet,
men may be required to perform any duty, theerewhol.ecgsal
that if the economy of the question be conlq
greatly in favour of the employment of fm
ald accrue frofq
nothing of the other aclvant4Vs which WOP:ourers, to, say
such a result.

PETroxvinE PntsoN.— According to a return
made to Parliament, the number of prisoners at present in
the Pentouville Model Prison is 537. Since it was opened
in December, 1842, three prisoners have been removed to
Bethlehem Hospital on the ground of insanity, and still con,
tinue insane. There are *law no inmates in the prison who
are treated as labouring under hallucination, delusion, mad.
UM, or a marked tendency to mental disease.