The Sun.
London, England, 1842-04-18 00:00:00

MONEY and COMMERCIAL NEWS

CITY, SATURDAY EVENING.
A great degree of dulness pervaded all descriptions of secu-
rities during the day, and prices, although not. materially al-
tered, were with tEtliculty maint,iined. However the finan-
cial measures now in progress may be against the wishes of the
majority of mercantile men, yet, from present appearances, the
certainty of their being c.rried, being beyond a doubt, a de-
sire is expressed to have them settled, in the expectation that
when such shall be the case some improvement in business will
take place, it being generally allowed that it eannut be more
stagnant than at present.
Consols left off at 911/4 for Money, and 911 for the Account;
Bank Stock 165 166; India Stock '242 244; Exchequer Bills
39 41 prem.
The prices of Foreign Securities were---Belgian 103 i 1041 ;
Brazilian 67 68; Danish 80 81 ; Dutch Two-and-a-Half per
Cents. 521 521 ; the Five per Cents. 1001 1 ,04.
Shares were not materially altered. London and Birming-
ham 86 88; Great Western 29 30; the Half Sha. es 15i 15%
prem.; Birminghuna and Gloucester 56 58; South Western
601 61 ; Gosport 60 61; North Midland 69 70; the New
Shares 34 35 ; Brighton 36l 361 per Share ; Eastern Counties
13i 13 dis.
In the Alley, rortng,uese Five per Cents. were quoted 361
37 ; the Three per Cents. 24 21i ; Col imbisn 27i 271 ; Spa-
nish 5 per Cents. 24i 241; mad the Three per Cents.
23% 23a.
Numerous rumours are afloat of several failures being likely
to occur.

(From The San of Saturday Night.) .
The English funds gave way a trifle towards the close of
business yesterday, but without any particular cause. To-day
the market is stealy at the decline. Consols being 91, 91k for
Money, and 91.4 91% for the Account. Bank Stock 164, 16 i;
India Stock 2414-, 2 ; the Bonds 18, 20, and Exceequer
Bills 39, 41 premium.
Foreign Bonds are all slack, especially Spanish, the Three
per'Cent. Stock being 25 254-; and the Active Fives 24k 241.
Great confusion has taken place in regard to jobbing in Alexi-
can, on account of some Coupons being convertible and
some not ; the generality of the dealers have arrived at
the determination to speculate only in the Bonds ex all
the Coupons, which are quoted 384-, and Debentures; Peruvian
which yesterday were raised from 181 to 21 are to-day 191,
the advance iltul decline being equally without cause. Buenos
Ayrean, which were immediately to be paid off, according to
the accounts of the holders, are now without price.
Railroad Shares are without any extent of business. Great
Western Fifths, 101; South Western, 601 61 ; South Eastern,
30 304 ; Eastern Counties Debentures, 111. 4s. 2d., and
Brighton, 361.
The returns of the circulation of the United Kingdom for
the four weeks ending the 2d inst., show a decrees.? of
577,203/. when compared with those of the sth of March.
The Bank of England has decreased 220,00(1., the difference
between 16,674,0001. and 16,594,0001. I'rivate Banks 10,4051.,
the difference between 5,289,050/. and 5,299,4551. English
Joint-stock Banks have increased 56,6701., the difference be-
tween 3,047,6561. and 2,990,986/. The Private and Joint-
stock Banks of Scotland have fallen off 140,8191., the difference
between 2,670,290/. and 2,811,1091. The circulation of Ire
land is less by 262,6941., the Bank having decreased 114,6251.,
the difference between 3,074,1251. and 3,185,750/., and the
Private and Joint-stock Banks 148,0691.. the difference be-
tween 2,259,5561. and 2,407,625/. The total circulation of
England was 25,510,706/. ; of Scotland, 2.670,290/. ; and
of Ireland 5,333,681/. The bullion in the Bank of triAland
has increased from 6,281,000/. to 7,006,000/. a difference of
625,000/. ; this was to be expected from the large arrivals of
specie from South America.
The reduced amount of the circulation argues badly for a
flourishing trade, which has scarcely ever been in so stagnant a
state as it has been during the last few months.
The amended copy of the tariff is so full of blunders as to
excite the ridicule of mercantile men, who view the document
as one which they should be ::shamed to have issue from their
counting houses. Several have written to the Board of Trade
various of the items, and now a third edition is promised.
Accounts from the Mauritius to the sth of January, an-
nounce the death of the Governor, Sir Lionel Smith, which
occurred on the 2d of that month rather suddenly, from effusion
on the chest. Colonel Stavely r had succeeded him pro teas.
These papers are barren of mercantile intelligence.
LIVERPOOL COTTON', MARKET, APRIL 15.—There was
some increase of demand at the close of last week, which has
been steadily improving since, and yesterday the business was
quite large, amounting to 10,000 bags; and to-day an active
business was kept up. The low scale of i.rices is, no doubt, the
foundation of the speculative investments, and of the general
confidence which appears t,, be extending to the article ; at the
same time, the great abundance of money is giving an easy
facility for the importer to hold, and the buyer to pu chase.
Added to this, the pretty general hope and belief that the new
tariff, when fairly in operation, will have a tendency to put us
in motion, all helps in the same direction.
Hitherto there is nothing in the way of encouragement from
Manchester, and therefore any movement towards an advance is
looked upon very doubtfully; still the common qualities of
American are higher ; this description having been previously
depre!sed in tke greatest degree' is sure to be the first to feel
the reaction ; these kinds are 4-d. higher, and the others the same
as before. The sales of the week amount to 39,030 bags, of
which 12,000 American have been taken on speculation, and
1,500 American, 100 Pernam, 350 Surats, and 150 Madras, for
export.
LIVERPOOL SHARE MARKET, APRIL 15.—Less business
was done to-day than during yesterday, yet the market was
steady, and several transactions took place at the following
quotations :—Eastern Counties, 9y ; Ditto New, 5; Edin-
burgh and Glasgow, 504- ; Grand Junction, New Quarter
Shares, 261,4 ; Great Western. Halves, 66 ; Ditto, Fifths,
101; London and Birmingham, 32/. shares, paid up 60; Ditto,
New 321. Shares, 361/4 ; North Midland, 704- ; and South
Eastern, 304.
MANCHESTER STOCK EXCHANGE, APRIL 15.—We have
had a lively market, and there has been good business done.
Bolton and Preston, 211; Bristol and Exeter, 424 ; Liverpool
`and Manchester, Half Shares, 831; Manchester and Leeds,
824-; Ditto Halves, 361; Ditto Quarters, 54-; Manchester
and Birmingham, 281.

CLOSING PRICES.
BRITISH FUNDS.
Bank Stock 166 , India Stock
3 per Cent Red 9ok Ditto Bonds
3 per Cent Cons 916 Ditto Old Annuities ...
3i per Cent Red . 99 Ditto New Annuities...
New 3 per Cent
New 5 per Cent.
Long Annuities ..oexpire I Ditto Small 39 pm
Jan. MO.__ .. 12 7-16 Bank Stock for Acct ...
Oct 1859. .. ..... I India Stock for Acct....
Jan. 1860. ... 1860. .. . . (Consols for Acct 9ll
FOREIGN FUNDS.
Austrian, spa vent.... Portuguese, 5 per cent
Belgian, 5 per rent — Ditto, New Ditto 361
Brazilian 80nd5.......... Prussian, 5 per cent —
Buenos Ayres 6 per cest Russian, 5 per cent
Chilian, 6 per c0nt..... ' Ditto, Metallic ...... .
Colombian, 6 per cent.. Spanish, 5 per cent., 24i
Ditto,_ 1824.......... ..... Ditto, Deferred.... .„ 14
Danish, 3 per cent ... 80i French, 5 per cent. —4. —c.
Greek,
per cent. ... French, 3 per cent. —'. -c
D Dutch, 2i per cent. . 521
Ptruvian, 1825,6 per et. —„ Ditto, 5 per cent. .. . 100 fr
SHARES.
•
Birmingham and Derby Railway (100 pd) 51
rte per 5
cent. - —.. 1825, sper cent. -- Exchange
Mexican,teo, 6
Eastern Counties Railway (23 raid) ...
Ditto New Shares ( paid)
Ditto Debentures .. .... .
Edinburgh and Glasgow (50 paid) ...... .... 51
Great Western Railway (65 paid) —
Ditto Fifth (4 paid)
London and Brighton (50 paid) , :16a
London and Blackwall (25 paid) ...... I2A
London and South Western
Northern and Eastern (45 paid)
North Midland Railway (100)
Ditto New Shares (40 paid) ... ........
Ditto Thirds ( paid)
South East, rn and Dover (50 paid) ...... . 30i
York and North Midland (50 paid) ... —
Ditto New Shares fl 5 paid) 33

THE GLASGOW CHAMBER OF
COMMERCE AND SIR ROBERT PEEL.
The following is Sir Robert Peet r,ply to the Address ol
the Glasgow Chamber of Commerce, approving of the financial
measures of the Government :

" Whitehall, April 13.
" Sir,—l have this day had the honour of receiving the re-
solutions which have been passed unanimously by the Chamber
of Commerce of the city of Glasgow, on the subject of the
financial an! commercial measures which it has been my duty,
on the part of her Majesty's Government, to submit to Par-
liament.

" It it, T assure you, peculiarly gratifying to me to receive
this 4 locument at this time.

" When I refltict that there is probably no town ar dis'rict
in her Maj,sty's dominions which combines in an equal degree
with the city of Glasgow and its deperniencits the interest of
domestic manufactures and foreign commerce, and when I am
assured that that body which is the chosen guardian and
organ of such interests has expressed, without a dissentient
voice, its approbation of the general scope and outline of the
measures I have proposed, I am confirmed in the conscientious
belief that those measures are founded in justice and sound
policy, and I have every motive to persevere in the mainte-
nance and defence of them when the approval of enlightened
torn encourages the exertionsiwhich are made front the strong-
est sense of public duty.—l have, &c.,
(Signed) " ROBERT PEEL.
" J. A. Anderson, Esq."