The Sun.
London, England, 1845-04-24 00:00:00

MONEY and COMMERCIAL NEWS.

CITY, QUARTER TO THREE.

A large business was done in Cotton at Liverpool yester-
day, the sales being 20,000 bake, including 5,000 on specu-
lation. Prices advanced 140. per lb. compared with the
previous quotations ; 2.000 bales Surat went at 23/4d. to 31/2d. ;
1,200 Pernambuco at 5%d. to 61Ad. ; 200 Egyptian at 51/2d.
to 614 d. ; and the rest American at 31/2d. to 51/20.
per 11). The business done in Shares was com-
paratively limited, and prices were generally lower:-
Aberdeen Railway, 41/2 ; Barnsley Junction, Half Shares, 4 ;
Birkenhead, Manchester,and Cheshire, 10 11 ; Birmingham
and Gloucester, New Shares, 4 ; Blackburn, Burnley, and
Accrington, 914 ; Blackburn, Darwen, and Bolton, 51/2 ;
Blackburn and Preston, 191/2 ; Belfast and Ballymena, 71/2
% ; Bolton, Wigan, and Liverpool, 13 1134 ; Caledonian,
111/2 3/4 ; Cambridge and Lincoln, 81/.2, ; Chester and Bir-
kenhead, 49 483/4 ; Ditto, Half -,Shares, 25 241% ; Chester
and Holyhead, 1614 15 ; Chester and Preston Brook, 3% ;
Churnet Valley, 7 ; Clitheroe Junction, 3% ; Clydesdale
Junction, 81/2 ; Cork and Bandon, 6% ; Cork and Water-
ford, 2% ; Dublin and Belfast Junction, 11 ; Dundee and
Perth, 314 ; Dublin, Mullingar, and Athlone, 3% 1/2 ; Dun-
dalk and Enniskillen, 5/. l le. 5% ; Eastern Counties, 19% ;
Glasgow and Dumfries, 1/. 4s. ; Glasgow and Ayr, 62 ;
Grand Junction, 227 ; Great Grimsby and Sheffield, with
new; Great Southern and Western Extension, 1414 ; Hud-
dersfield Canal and Railway, 6% ; Inverness and Elgin,
1% 34 ; Inverness and Perth, 114 prem. ; Lancaster and
Carlisle, 47 ; Limerick and Waterford, 9 8% ; Liverpool,
Ormskirk, and Preston, 23/4 % ; London and Brighton,
63 621/2 • Londonderry and Enniskillen, 4% 1/2 ; London and
York, % ; Direct Northern, 4% 3% ; Leeds and Dews-
, bury, 518 ; eeds and West Riding Junction, 76% ; Man-
chester and Birmingham, Quarter Shares, ; Ditto, New
Quarter Shares, 534 ; Manchester, Sheffield, and Midland,
8% ; Midland Railway, 155 1541/2 ; Ditto, 401. Shares, 18
17% ; Ditto, Fifth Shares, 3% ; Newark and Sheffield, 6 ;
Newcastle and Darlington, 5114 ; North Wales Mineral, New
Shares, 614 % ; North Western, 4% •, North Wales, 3/. 21.
18s. 90. ; Oxford and Birmingham Junction, 4 ; Preston
and Wyre, 341/2 ; Sheffield and Lincoln, 275. 285.; Shrews-
bury, Wolverhampton, and Birmingham, 41/2 ; Shrewsbury
and Grand Junction, 5% ; Shrewsbury, Oswestry, and
Cheshire, 41/2 %; South-Eastern and Dover, 4114 ; Ditto,
New Shares, No. 3,7% Scottish Central, 7 ; Trent Valley,
19; Ditto, Extension, 7%; Trent Valley Continuation, 2%
60s. 9d.; Ulster, 50; Waterford and Kilkenny, 4%; West
Yorkshire, 61. 51. 18s. 9d. ; Wexford and Carlow, 5 4%; Wor-
cester and Tring, 43/4 ; Austrian and Sardinian, ss. 6d. ;
Bordeaux and Toulouse (Mackenzie's), 2% ; Dijon and
Mulhouse, 495. ' • Great Paris and Lyons, 41s. 6d.; Louvain
and Jerneppe, 41/2 ; Namur and Liege, 51/s ; Northern of
France (English), 51/2 14 ; Ditto (Rosamel's), English, 2%
14 ; Orleans, Tours, and Bordeaux (English), 113/4 ; Paris
and Lyons (Laflitte's), English, 274, ; Ditto (Ganneron's),
; Paris and Rouen, 421/2 ; Verona and Ancona,3Bs.36s.
In opposition to the arguments advanced for a reduction
of the duty on butter and cheese, it has been objected that
the introduction of the foreign article injures the home pro-
duce. Of course there is nothing novel in this mode of reasoning,
but its futility is perhaps more apparent than in many simi-
lar cases, since it can be clearly shown that, with all the
advantages of protection, farmers will not make sufficient of
these articles to meet the actual wants of consumption. They
do not avail themselves of them for increasing the supplies
equal to the demand, and neglecting this important branch
of agriculture, they compel us to resort to foreign markets for
these essential articles of consumption. Surely a duty of2os.
per cwt. on butter, and 10s. on cheese, ought to be a
powerful incentive to produce enough for home pur-
poses, and at a sufficiently remunerating profit, secured
by so high a protection. If it were not for the foreign
supply, in consequence of the English farmers neglecting the
make of these two important articles of butter and cheese,
not one-third of the population would be enabled to
have these necessary articles of consumption, and English
butter could not be sold under 2a. 6d. per lb., and cheese at a
proportionate price. It is likewise a mistaken notion that
the English make of butter is superior to the Dutch ; or why
should the latter command a higher price than British ?-
for it is an established fact that it does. What is com-
plained of is this-that whilst the British farmers
cry out that they must be greatly injured, they
do not make proper exertions to increase their production,
or otherwise they cannot increase, and in either case there
is good gro nd for an alteration. We fear much that the
ignisfatuus "protection" leads them heedlessly on to their
own ruin.

The Funds have been flatter again this morning, and the
improvement which occurred yesterday afternoon has proved
temporary only. Consols have been 983/4 to 99 for Moncy,
and 991 to 99 for Time. Exchequer-bills have realised
58s. to 60s. premium, being firm. Bank Stock continues
steady at 209 to 21014, and India Stock 2761. The
New Three and-a-Quarter per Cents. have been 101 to
1003/4 ; and the Three per Cents. 973/4 to 98.
The Foreign Stocks are very inactive. Mexican continues
heavy at 3714 ; Spanish Five per Cents. have been 301%
%. Belgian Four-and •a• Half per Cents. have realised 101
to %; and Dutch Two-and-a-Half per Cents. 6314.
The market for Railway Shares looks heavy again,
and in most instances prices have been rather
lower. Churnet Valley are much the same. A
few decided purchases in shares would, however,
possibly have the effect of occasioning a marked rally. The
French lines are all flat, but as the whole deposit is return-
able, it seems curious that some of the competing lines should
be at a discount, however small,

ONE CLOSINCI
PRICES OF BRITISII FUNDS. O'CLOCK. PRICES.
Bank Stock ..
3 per Cent. Reduced
3 per Cent. Consols
New 31A per Cents 101 100 V% 101 100% 1003f3
Long Annuities to expireJan.lB6o 11% 7-16% 11%
Ditto 30 years, Oct. 10, 1859 ... 11 5-16 11 5-16
India Stock
India Bonds, 1,0001 . 71 71
Ditto under 1,0001. .. ...... .-....—
South Sea Stock

Ditto Old Annuities
Bank Stock for Account 2lO
Consols for Account... . .. 99N1 99
India Stock for Account ~..... 277
Exchequer Bills, 1,0001., 11/id. ... 60 58 pm. 58
Ditto 5001. .
Ditto Small
ONE CLOSING
O'CLOCK. PRICES.

97%
210
99
277

PRICES OF FOREIGN FUNDS
Brazilian Bonds
Ditto, New, 1829 and 1839.
Buenos Ayres Bonds, 6 per Cent.
Columbian Bonds, ex Venezuela.
Mexican, 5 per Cent. 1837 37'
Ditto Account
Ditto, Deferred
Portuguese Bonds, 5 per Cent
Ditto, Converted
Spanish 5 per Cent. 1840.
Ditto, Account 3014
Ditto, Passive
Ditto 3 per Cent.
Ditto, Account
Venezuela Bonds, 2 per Cent —
Ditto, Deferred — 141/
Belgian Scrip, 414 per Cent
Dutch, 2% per Cent
6311/
Ditto, 4 per Cent., Certific 97% 97%
PRICES OF
B AMWAY SHARES PAID, A ONE O'CLOCK. Cprpusclgs(!
Aberdeen
Birmin and Gloucester. 100

Ditto Shares; .
Birmingham and Ox-
ford Junction
Bristol and Exeter 7O

4

Do. New .. . 2 .. 7 1,, 7
Caledonian
Cambridge and Lincoln 1% ......8 74/4 81/4 7%%
Chester and Holyhead... 5
Churnet Valley
Coventry and Leicester 114 2si
Direct Northern
I iublin and Belfast June 21,i IIE% 10
Dublin, Belfast, and
Coleraine
Dublin and Galway
Dublin:and Mullingar 2IA 3%
Eastern Counties 25 ...... 19% 20% 19%
Ditto Perpetual, 5 per
Cent, No. 1—.51. 13s. 4d —
Ditto ditto, No. 2, l3s. 4d... 0%
Eastern Union l5 .. ..
Ditto Extension
Edinburgh and Glasgow 50
Ditto, Quarter Shares 1214 ...... 1534 •
Ely and Bedford . . 11% 2%%
Great South. and West.

( Ireland)
Ditto Extension
Great North of Scotland 2% 3%
Great Western BO .. ..
Ditto 1% Shares 5O lO5l ... ..... ...
Ditto Fifths
Guildford, Fare'm,Ports. 2% ... .. 5% 6
Hull and Selby 5O
Ditto Quarter Shares 121/2 22
Do. Half Shares
Lincaster and Carlisle 2O
London and Birminghm (5t0ck)...233
Do. New Thirds
Do. 4 Shares
London and Blackwall. 16/. 13s. 4d. 9%14
London and Brighton... 50 ......
L,,ndon and S. Western 4116 E 10d 81 8014
Do. New
Do. New
London and Y0rk...... ••• 2%.•••••• 41%%%..
Londonderry and Ennis-
killen .. 21,
Lynn and Ely
Manchester and Leeds... 73
Do. 1A Shares
Do Sixteenths 214 7%
Midland... 100
Do. New
Newark and SLeffield
Newcastle and Darling- •••
ton Junction 25 ...... ••• ...... . ..,
Do. New Brandling lO
Newcastle and Berwick 1% I4IA 13%
Newry and Enniskillen. 21/ ..... 5% 4%..
North British ...... ..... 10
Do. New
,1
Northern and Eastern... 45
65%
North Kent
Preston and Wyre
Richmond and %Vest End
Junction
1$
Rugby, Worstr, & Tring 1
4
Scottish Central . 2%....,, 6)4 6 5 4
Shrews., Wolverhamp.,
Dudley, and Birm 2%. .... 4%%... ........ 438!
South Eastern & Dover 3312 s 4d... 41% ............... 4114
Do., No. 1.. 8
16
Do~ No. 2.
Do., No. 3
South Wales 7%...... ......... 714.
2% ...... 614 5% ....... 53/4
Staines and Richmond 1
Trent Valley 2 ...... 18% 19 .. ...... 19'4
Waterford and Kilkenny 1 ...... 43% ...... ...... 4%
York and North Midland 50 ......103 1021 ... ...... 104
Do. 1A Shares
Do. Selby
... ............ 68
14 WA
Do. Extension
FRENCH RAILWAYS
Boulogne and Amiens 4 ..... 10 .
% lO%
Bordeaux and Toulouse 2
...... 2%.
Great North. of France.. 4
Do. do. (Rosamel's) 2
Great Paris and Lyons 2
..
Louvain and Jemeppe... 2 1
... . 4%1 .
. Namur and Liege
Orleans and Bordeaux... 2
...... 11
Paris & Lyons, Laffitte's 2 -
2
neron's,
Paris & Lyons, (Calon's) 2
Paris and Rouen
Paris and Strasbourg ... 2
Royal North of Spain ... 2