The Sun.
London, England, 1845-11-18 00:00:00

MONEY and COMMERCIAL NEWS•

(From The Sun of Last Night.)
There was a dull market for Cotton at Liverpool on Sa-
turday. Sales only 2,000 bags, all -to the trade. There
was no change in prices.
A most valuable document has appeared in our morning
Contemporary, the Times, of the railways at present formed
and in operation—of those that are in the course of construc-
tions—and of the newly-pre acted lines. To the lines
already in operation it is not our intention at the
present time to refer, nor to those in the course of
construction ; but we shall confine our remarks to
the projected companies. Taking the return noticed to be
correct, it appears that the amount of deposits actually paid
up for fresh railways is within a few pounds of 50 millions
sterling. This was more than was anticipated by the most
active capitalist who is daily watching the state of the money
market. The capital represented as required to
carry out all the intended projects is given at
almost 800,000,000/. The Times makes this statement
the handle to claim credit for its warnings to the public since
July last, so that people having cash should not further em-
bark in railway schemes—of course, whether good or bad.
Now, if ever there was a feature in the history of this coun-
try more pre-eminently indicative of the wealth of Great
Britain, it is the fact that, with so large an amount of money
locked up in. deposits for railway projects, the reaction in the
value of the public securities should this year have not been
more than sto 6 per cent. Our Consols are the highest
priced securities in existence, and though very many sales
have been made to pay deposits, and notwithstand-
ing the increase of the rate of interest by the
Bank of England, and the unwarranted course
adopted by the Times in exciting alarm, what has
been the result? Consols have fallen from 100% to 95, but they
have since rallied at least I% per cent. But the Times says
not a word of the amalgamations that have taken place, nor
of those about to take place, by which a vast amount of de-
posits will be returned into circulation ; nor, fearing to
damage its crotchet, does it say one word of the
increased employment that will be afforded to the
labouring population—the increased wages that will
be earned—the increasel demand that will arise
from manufactured goods, and the additional value land
will realise in the districts where fresh lines are formed. It
is an absurdity to imagine that one-fifth of the projects now
in contemplation will be sanctioned by Parliament ; but the
more the better, as the country must be bene-
fited:, The Bank Directors have no fear of an ex-
tensive demand for specie for exportation. The
principal demand of late has been in consequence of the
wants of its branches to meet the extra payments for labour.
Tons upon tons may be sent to the shops of coin, throughout
the. United Kingdom, to meet the increasing demand, but like
the ebb and flow of the tide, it will be used to promote the
prosperity of the millions. There is no fear that any aug-
mentation of the railways in this country will tend to do
injury. Quite the reverse. . .

The Funds opened rather higher again this morning,
Consols being 96t/ %, and, both on account of the rather
easier state of the money market, and the impression in some
quarters that there is more wheat in the country than
has been supposed, the improvement seems likely to be
maintained. At present Stock for transfer is 96% %, and
for Time 96% %. The premium on Exchequer-bills has been
firm at 245. and 275. The New Three-and-a-Quarter per
Cents. are 97% to 97%, a rise of nearly % per cent. ; and
the Three per Cents. 95% to 9614. Bank Stock
has fluctuated from 202 to 2031/2, and India Stock from 263
to 264, both being rather higher. East India Bonds are
quoted 38s. premium.
The Foreign Investments have been very quiet. Portu-
guese Four per Cents. have receded from 58% to 57, the
advices from Lisbon stating that the Treasury was again in
a bad plight. Spanish Five per Cents have been firm at 29i,
and Mexican have improved to 304. Braz►l Stock is
worth 82 to 82%, an advance of 1 to 1% since Saturday.
Dutch Two-and-a-Half per Cents. have brought 603/4, and
the Four per Cents. 94 to 1/2.
Railway Shares are again slightly mending.

CLOSING
PRICES
202
951%
9614
97%
10 9-16
10%
264%

ONE
PRICES OF BRITISH FUNDS. O'CLOCK.
Bank Stock ... 2031/ 202
per Cent. Reduced
3 per Cent. Consols Annuities 961/ %5/4
New 34 per Cents 97%14 %
Long Annuities to expire J an. 1860 10 9-16
Ditto 30 years, Oct. 10,1859
India Stock 263 264
India Bonds, 1,0001... 3B
Consols for Account
Exchequer Bills, 1,0004, I%d.
Ditto 5001.
Ditto Small

ONE CLOSING
PRICES OF FOREIGN FUNDS. O'CLOCK PRICEs
Brazilian Bonds
Mexican, 5 per Cent. 1837 ......
Ditto, Deferred 16%
Peruvian Bowls, 6 per Cents — 35
Portuguese Bonds, 4 per Cent
Spanish 5 per Cent. 1840.
Ditto, Account
Belgian 4% per Cont. — 96
Dutch, 2% per Cent
Ditto. 4 per Cent. Certificates 94% 94%

PRICES OF PAID BUSINESS DONE CLOSING
B AMWAY SHARES' AT ONE O'CLOCK. PRICES.
Aberdeen
Armagh, Coleraine, and
£'ortrush l%
Aylesbury and name.. 1%
Belfast & County Down ..... .
Bideford andTavistock... I
Birmin. and Gloucester. 100

Ditto New 17%
Birmingham and Ox-
ford Junction
Boston, Stamld, & Birm. 22a — p
Bridgewater & Minehead .., ..
Bristol and Exeter ..... 70

Ditto, New
Bristol and Gloucester... 30 ......
Bristol and Liver. June . ......
Buckinghamshire ...... 425.......
,!aledonian
Ditto Extension
Cambridge and Lincoln 1 /1...... 41% 4
Do. New
Cambridge and Oxford.. 1%......
Canterbury and Dover.. 1% _
Central Kent — ......
Chelmsford and Bury
Chester and Holyhead... 15
Chester and Manchester 425.
Cheltenham and Oxford 2 ...... ...
Clydesdale Junction..... 5
Cork Blackrock, and
Passages
Cork and Killarney ... 2% —
Cork and Waterford ... 1% l% . .
2ornwall
Coventry, Nuneaton, Bir
and Leicester l 4 ...... 1% 214
Derby, Gainsbro', and
Great Grimsby .
Derby, Uttoxeter, and
Stafford 2%
Direct Manchester
( Remington's)
Ditto (Rackstrick's)... 514 4/s 4
Direct Northern
Direct Norwich
Dublin and Armagh ..... 1%......
Dublin and BelfastJunc. 5

Dublin, Belfast, and i
Coleraine
,-.—
Dublin and Galway... .. 4
DuDnidtatolkx&ewEnniskillen 2% —
Eastern Counties...... 14/. 16s 2034 211/s 20%
4/. 16s.
Ditto Perpetual, 5 per
Cent, No. 1....61.135. 4d. — p
Ditto ditto, No. 2-21. 13s. 4d... p
EastDereh'zi andNor'ch 1
Eastern Union
Ditto, Quarter Shares 214 —
Ditto Extension
Do. Ipswich and Bury Ili —
Do. Exten'n to Norw'h 21/4 .
Do., Camb. and Ely.. 2% .• ...•
East Lincolnshire
East & West of England 214 ......
Edinburgh and Glasgow 50 ......
Ditto, Quarter Shares 121je ...... ... ........ ....
Ditto, New 5 —
Edinburgh & Northern.. 114 — •••
Edinburgh and Perth... 11,x......
Ely and Huntingdon ... 5 ......
Enniskillen and Sligo ... 2% —
Essex and Suffolk .. ... 1% —
E xeter, Yeovil, & Dorset 2% 3
Glouc., Aberystwith, and
Central of Wales 1%...... 11/4%
,00le and Doncaster .. 425.
Grand Junction 100
Ditto Half Shares 5O ---
Ditto Quarters 25
Grand Union l% I%3A
Great Eastern &Western 21,12 ...... 2% •••
GreatGrimsby and Shef-
field
Great South. and West.

(Ireland)
Ditto Extension
Great Munster .. 2i4....•.
Great North of Scotland 214--
ireat Northof England..loo
Ditto New 5 —
Do. New .... - ........ 2 —
mat Western .. 80 ......153 155

Ditto Shares 5O -
% 88
Ditto Shares 2% 171,E 16
Ditto Fifths
;uildford, Fare'm,Porta. 2%
dull and Selby
Ditto 114 Shares ... 12%...211/4 203/4 21% 20%
1)o. Half Shares 2 ..... 2041
Inverness and Elgin 1
Ipswich, Norwich, and

• - ,
Yarmouth
irish North Midland l% —
Isle ofAxholme 2%
Killarney Junctions —
Kendal and Windermere 1%
L mcaster and Carlisle... 30
Larne, Belfast, and Bal-
lymena
Leeds and Carlisle
Leeds and West Riding,
Junction
Leicester & Birmingham 225. — p•• •• —.-
Leicester and Bedfard... 223.
Leicester and Tamworth 425.
Liverp. and Manchester.loo .. ..
Do. % Shares
Do. Quarters 25 —
Liverpool & Leeds Direct 2% .. ... 21,(
Lpool., Dinchstr, & New-
castle'Junction
London and Birminghmloo 2lB 217
Do. Thirds i lO
Do. 14 Shares
Ditto Fifths ..... ..... 2 -
Ditto Extension
Loudon and Blackwall, 161. 101,4 d,

8%

17
% dis

1%

2%

2114
7% P
P
AI P

4%

......
13
2%

155
88
16

102
20%
201/s

- P
- P
lyt P

VA