The Sun.
London, England, 1844-05-04 00:00:00

(MONE YAND COMMERCIAL NEWS.
CITY, QUARTER TO THREE:
The general tone of the Cotton market was, yesterday,
better, and prices were firm ; sales 5,000 bales. Shares were
not so lively, and not much 'was done, except in Eastern
Counties ; French Shares were not so lively either; Dublin
and Cashel were 4i ; Eastern Counties 13i; Paris and Lyons
3h ; ditto and Orleans 38 ; South Eastern, ex new, 374.
The value of the public securities has been represented,
for some time past, as too high ; but when we hear of a loan
for a British colony being taken' at 1121. 12s. 6d., even
though 4 per. cent. is guaranteed by the Home Government,
for twenty years, we must be sensible of the abundance of
money, and of the difficulty of finding safe employment for
it. This induces a hope that in altering the savings bank
law, due consideration will be given
.to the importance of
affording a sate place of deposit for the surplus funds not
only of the poorer, but even of the industrious classes in a
middling sphere f life, while, to obviate the abuse of the
system, a graduated scale of interest, diminishing as the
amount increased, to such an extent as to indicate that the
depositors were' not of the poorer grade, might be usefully,
adopted. Parties possessed of 100/. or 2001. are often shy in de-
positing their hard-earnings in the funds with the chance of
a fall in prices that would occasion them a serious los, by oc-
curring just when they were in want of their money, and
would prefer a savings' bank in many instances for security,
even though restricted from the receipt of interest upon all
the amount deposited above 1001. It is, indeed, astonishing
how large a number of even respectable parties keep no
banker, though the system adopted of granting de-
posit receipts, on which the return of money placed
in joint-stock banks can be had without the notice
required by the savings banks, so far meets the wants of this
class, that we are satisfied it only requires to be more gene-
rally known in order to be made extensively available. There
is but one view in which there could be the slightest reason
for the non-adoption' of the facility. by parties who do not
keep a banker, viz., the idea that a joint-stock bank may not
be quite so safe as a savings bank. This; however, resolves
itself into a matter'of prudence in the selection of the esta-
blishments known to rest on the soundest basis, both with
respect to the proprietary and the management.
The Funds have been quiet this morning, and still feel the
re-action 'of yesterday afternoon, having been uninfluenced by
purchases of any note. Consols for transfer next week have
realised 99h to I, and for the 28th instant 99* to I.
After Monday, and supposing the Bank Charter ques-
tion not to involve important alterations in' the Cur-
rency-laws, the market will probably become more settled.
Exchequer Bills have been a shade higher, viz., 755. to 775.
premium. The Reduced Three-and-a-Half per Cents. have
been quoted 1018 to ; the New, 1021 to h ; and the Three
per Cents., 98a to a.
There has been a very quiet market for the Foreign Bonds.
Spanish Five per Cents. have been flat at 24*, the Three per
Cents. at 34L to 356, and the Deferred at 144 to 15. Mexican
Actives have been rather better, 354 to 4, and the Deferred
15a. Danish have been steady at 88, Austrian at 114, and
Duteh Two-and a Half per Cents. at 64.
The Railway Shares have been rather brisk, and we ob-
serve an improvement again in Brighton,' Great Western,
Birmingham, South Eastern, and others, since yesterday
morning-.
BRITISH FUNDS THIS DAY AT ONE O'CLOCK. •
(From the Official List.)
3 per Cent. Reduced Annuities
3 per Cent. Consols. Annuities 294%
3% per Cent. Reduced Annuities
hew 3f, per Cent. Annuities 102%4%
Long Annuities, Expire sth Jan. 1860 12% 7-16
Consols for Account
Exchequer Bills, 134 d. 1 %d
1,0001.
500/
Ditto Small
FOREIGN FUNDS THIS DAY AT ONE O'CLOCK.
Austrian Bonds, 5 per Cent ll4
Danish Bonds, 1825, 3 per Cent. B9
Mexican Bonds, .837, 3 per Cent. ......... 3514%
Ditto for the Account
Ditto Deferred Stock
Spanish Bonds, Five per Cent 1846
Ditto for the Account
Ditto Passive Bonds. sss
Ditto Deferred
Ditto Three per Cent.
Ditto for the Account ..
Venezuela Bonds, 2 per Cent
Ditto Deferred 1114%
Dutch 21% per Cents
Dutch 5 per Cents. lOOl4

PRICES OF SHARES THIS DAY AT ONE.
RAILWAYS. PAID. PER SHAM
Birmingham and Gloucester HO 9l to 9534 L.
Bristol and Exeter
Brihtol and Glouc .ster ..... SO
Caledonian
Chester and Holyhead 5 VA% ... to
Eastern Counties .....-" .. ......... 23 .....
Ditto New Registered W. 6s. Sd.
Gla,gow and Dumfries ll4 ... 1%
Great Western
Ditto % Shares
Harwich (Braithwaite)
Ditto (Lo, ke)
London and Birmingham. lOO ........231
Ditto 14 Shares
London and Blackw.,ll 16%
London and Brighton 5O 45 44% to 45%
London and Greenwich
London and South Western
Ditto Eighths
London and Croydon (Trunk)... 7t34
Manchester and Leeds 7O lll . ..... ... to
Dit o 34 Shares
Manchester and Birmingham ... 40
North Brithh
Northern and Eastern 45 573 to
North Midland
N cirwich and Brandon ... ...... ... 2
South Eastern and Dover 32% 3s to 3734%
Ditto New ..... ....... ........ ..... 4 -
York and North Midland ......... 50
Ditto Scarboro' Branch
Paris and Orleans .......... ..... ... 20 ........ 37%
Strasburg and Basle
f rMANcrwsTEn STOCK EXCHANGE, MAY 3.—We have a
steady market, and a fair business doing. Eastern Counties,l3 ;
Ditto, Perpetual, 14 155.-10 d ; Midland Counties, soi ; Paris and
Lyons, 3 1-16 ; Sheffield and Manchester, 79i ; Trent Valley,
14 to 11k ; Dublin and Cashel, 4 13-16 ; Chester and Holy-
head, 7; Manchester, Bury, and 4ossendale, 6; Preston and
Wyre, 18i ; Blackburn and Preston, 58 ; Manchester Assu-
rance, 101; Union Plate Glass, 10.

MARKET NEWS.-(THIS DAY.)
COVENT-GAUDEN.

We had, the time of year considered, a very large supply
of both fruit and vegetables, yet the demand was throughout
steady, on the following terms :—Potatoes from 2s 9d to
5s per cwt ; young Onions, is 6d to 2s 9d; Coleworts or
Greens, 2s to 3s 6d ; Turnips, is 9d to 2s 6d; Young
Carrots, 5s 6d to 7s ;.. and Leeks, 9d to is 2d per dozen
bunches ; Spinach, 4d to 8d ; and Brocoli Sprouts, 10d to
Is 2d per half sieve; Asparagus, 3s to 7s ; French Beans,
9d to is 6d ; Oranges, 8s to 15s; and Lemons, 8s to 13s
per 100 ; new Potatoes, 3d to 6d ; Pine Apples, 7s to 9s
per lb; Hot-house Grapes, 7s ; and Forced Cherries, 30s
per lb ; Peaches, 50s ; and Summer Cabbages, is 6d to 2s
per dozen ; Strawberries, 3s to 5s per ounce ; Cucumbers,
lOd to 8s per brace ; Cauliflowers, 2d to 6d each ; Horse-
radish, 2s to 5s ; Celery, 8d to is 3d ; Rhubarb, 4d to is
6d ; and Brocoli, 10d to 2s per bundle •, Sea Kale, 9d to 2s
3d ; Mushrooms, 9d to is 6d; and Small Salad, 2d per
punnet ; Radishes, 3d to 8d per dozen hands ; Lettuces, 6d
to is per score ; green Gooseberries, 9d to Is 3d per pottle.
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