The Sun.
London, England, 1842-10-06 00:00:00

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NE Y and COMMERCIAL NEWS.

CITY, WEDNESDAY EVENING.
lOur own Funds remained in precisely the same
condition at the close of business this day as they
have been for some time past; that is to say, an in -
olination to advance, while the jobbers are so well
supplied with Stock, as to be able to answer any de-
mand for it, and at the same time indisposed to in-
crease they quantity they may have, and hence the
almost total absence of business. Consols' were 928
93 for Money, and 93 93* for the ..itecount ; Bank
Stock, 247 249 ; Exchequer Bills are higher, the
New, 50 52; Old, 51 53 premium.
The inactivity to which the English Market has
been reduced of late, has caused greater attention to
be directed towards some of the Foreign Securities,
and among them chiefly to Dutch and Belgian. The
situation of the finances of the former of these two
countries, while it presents no cause for exhibiting a
decline in the price of its bonds, certainly does not
warrant any expectation of a rise. It is extremely
doabtful if the revenue of Holland has at all proxi-
mated to the expenditure, especially when the ex-
penses of maintaining the colonies be added. Large
sums have for some time past been distributed among
the native provinces in the east by the way of subsidy
or reward fbr exclusive commercial privileges, while to
support the powerthus gained, great expenses have been
annually incurred without any proportionate return
beyond a consolidation of future power. The Nether-
lands' Trading,Company, although originally of private
formation, and for private benefit, has now become so
interwoven with national concerns, as to render the
condition of its finances of as much importance to
Holland as the state of our Indian empire is to this
country ; and this is not so favourable as the Dutch
could wish, inasmuch as the exclusive system pursued
iu Batavia in regard to foreign commerce, and the
heavy export duties, have obliged almost the whole of
the produce to be sent home on account of thi.; body,
whereby some heavy losses ha ve been sustained. The late
alteration in the tariff with regard to one of their staple
commodities, coffee, and the new fruitless voyage to
the Cape of Good Hope, has caused a further decline,
and consequently greater loss on this article. This
was purchased at the periodical sales in Holland,
shipped to the Cape in Dutch vessels, and so brought
in by British ships, as being " imported from within
the limits of the East India Company's charter." The
Two and a Half per Cents. were 52 521 ; the Five
per Cents., 100+ 1002; Belgian, 102 k 1032; Danish,
82 83 ; and Brazilian, 63 64, ex div.
The arrival of the Dee, with about half a million of
dollars, though the exact portion on account of the
dividends is not known (it is currently stated to be
26,000), caused a firmness in the quotations of
Mexican Bonds, which were 33+ 334 ex div.
In the Share Market Brightons were still the
favourite, and a fair extent of business was done.
Some of it was doubtless speculation, but the larger
part was for investment ; the last prices were 36* 36i;
London and Birmingham were 183 185 ; Birmingham
and Gloucester, 39 41; Great Western, 82 83 ; the
Half shares, 592 60; North Midland, 56 58 ; the New
shares, 274- 28f ; South Eastern, 23+ 23i ; Eastern
Counties, .8-1- 8f ; Northern and Eastern, 35 36 ; south
Western, 572 58 ; and Black wall, 6f 7 per share.
The quotations for the Bonds were—Colombian,
21 212 ; Peruvian, 15+ 161 ; Portuguese Five per
Cents.. 36 364- ; the Three per Cents., 21/ 214 ;
Spanish Five per Cents., 16* 161 ; the Three per
Cents., 21 21*.
The circumstance of the Dee having arrived off
Southampton at eight o'clock this morning, is offered
as another proof of the superiority of this port over
Falmouth as a station. Without going into the
question, it is beyond doubt that had the letter-bags
been landed there, merchants would have had their
letters to-day, instead of to-morrow; and this is not
the only instance.
A very awkward attempted evasion of the revenue
laws has, it is said, been discovered to-day ; the ar-
ticle, which is of universal consumption, is more for
the inside than the outside.

(From The Sun of Last Night:)
The funds remain steady as to prices, but without
any fact worthy of particular notice. Consols are 94
93 for Money, and 93 for the Account; New Three-
and-a-Half per Cents., 100* 101 ; India Bonds, 39 ;
Exchequer Bills are again better, those bearing 2ed.
per day being at 50 52, and those at 2d., 49 52 prem.
Dutch Bonds are the only Foreign Securities in
which transactions have taken place; the Five per
Cents. are 1001 ; and the Two-and-a-Half per
Cents. 52*. The quotation for Mexican is rather
better, it being 331 331 ex div.
The Share Market has had but little business, ex-
cept in Brighton, which continue to be favourites for
investment. The price now is 36k, and the Loan
Notes 1c1; Great Western, 82* 83; the New Shares,
594 ; Fifths, 7i 7f ; Northern and Eastern, 14*;
South Eastern, 23* ; and Midland Counties, 59*.
The Bonds quoted are—Colombian, 21* ; Portu-
guese, New, 36*; and Spanish Three per Cents. 21*.
It appears to be now generally understood that the
time for business in the City is to terminate at four
o'clock, and to which arrangement it would seem that
no objection has, or can, be made. But those altera-
tions will prove of limited benefit practically, while
the hours for receiving letters on post-nights remain
as they do; that is to say, eleven at night; so that, on
Tuesdays and Fridays, every person connected with
the Continental trade will be employed just as late as
they were when 'Change did not terminate until five
o'clock ; and a kind of extra meeting was held outside
for ' nearly another hour. The latest time for
posting letters for the East or West Indian or Ame-
rican mails, is the usual inland hour of seven ; and
the correspondence by any one of them is quite as
voluminous and valuable as that to the Continent,
while it is all deposited in the office four hours before
the letters, and consequently. is by so much a relief
to all engaged m it. From the crowded state of
Cheapside at five minutes to eleven, when the pave-
ment is filled with persons running to be in time,
with scarcely a moment to spare, and the confusion at
the Post-office itself, it may be inferred that, were
the time extended, the letters still would not be
brought till the last minute. , and it has, therefore,
been asked why, as procrastination is the order of the
day with houses connected with Europe, the time
cannot be lessened, it being certain that quite suffi-
cient would remain to transact all business and with-
out undue precipitation.
MANCHESTER STOCK EXCHANGE, OCT. 4.—There
has been no improvement in our market, and prices
remain unaltered. Our quotations are—Bristol and
Exeter, 45k; South Western, 574; Edinburgh and
Glasgow, 461 461 ; Manchester and Birmingham,
214 22 ; Paris and Rouen, 20 20*; Union Bank
8* 81.