The Sun.
London, England, 1842-04-28 00:00:00

MONEY and COAIMER,C LNE WS.
• • CITY, WEDNESDAY EVENING.
T/1,2 Funds still continue to ri,v, and the mar-
ket left off, buyers, of Cons,ilS, tit 924 for end
92g- for the Aocount ; Bank 5t0,...k, 1664. 1071- ; India
...Stock, 24 247 ; Ex'Ait'quer BiUs, SS 40 premium.
The principal dealings in the Foreign ;Securities hare
hei'n in the Dutch Two-end-a-Half per Cents., Irhich
were 52 32.4 ; and the 'Five per Cents., 100f:-. ;
Belejan, -.03,12L 1041 ; - Danish, 801 Z 1 t ; and lirazilian,
67 68.

Mexican has been'neglected, the quotations being the
same as at the commencement of businesie.fiamely,
Transactions in Railway Shares have been limited,
which must be chiefly attributed 'to the small number. of
the principal lines offered for sale. Great Western Were
284- 294; ; the Half Shares, 284 29> ; and Birmingham,
89 91 premium. Birmine-ham and Gloucester, f 35 57 ;
Smith Western, 62 621. ; Go pert. 62 62A- ; North Mid-
'. land,' 67 6!.`; the New Shares, 35f1 33 ; Sow h Eastern
anal thos., 11.94. 33 ; Eastern Counties, tti lil ; Black-
well, 12 12 ;
.the New Share's, 10 101- ; and Brighton,
364 36i4er share ~
Scarcely any bargains were made in the Bonds of the
insolvent States. The quotatioes (To, nominally—CO-
lombian, 262GN ; Portuguese Five per Cents., 3741.
381 ; the Three per Cents., 224 23 Spanish.SFive per
Cents., 2.4.4 24 ;. and the Three per Cents., 24.24-4-.
A portion of the East India merchants.have been en-
deavouring to alter the terms upon which, sugar from
Bengal is at present sold. The present conditions are,
for the importer to pay the - duty, and to allow
a credit of two months, or, if the - buyer should
prefer to pay for the goods. at once, or if the
seller,• for any. reason, should choose the money in
preference to the risk, then in either case the purchaser
is allowed interest for the unexpired term of the credit.
This system has latterly been found to work extremely
well for both parties ; by relieving the wooer from the
obligation of keeping up a large capital, thereby pro-
portionably reducing the.- price to the retailer and the
consumer, and procuring for the seller a higher price
than he should otherwise get, in consequence of the
facility offered to the buyer inducing competition. This
method for selling the article in question, has survived
the introduction of the bonding system, first introduced
by Mr. Pitt ; and, as the duty on the produce of the
East Indies and the. Mauritius, was equalised with
that of our West Indian Colonies, so were the terms
assimilated ; and, at present, the intention is, if possible,
to oblige the buyers to pay immediate cash, and pay
the duty themselves, as they may require the goods.
The strongest objections which the merchants can urge
will be the risk and the expense ; the latter is almost too
small to be of consideration for a moment, the extra
amount being the brokerage and commission on the
amount of duty, (245. per cat.,) and the two months' in-
terast, -if the goods be paid fisr, which can scarcely be pat
into competition with the advantages derived from the
extended dethand which the facility of transacting. busi-
ness causes ; and, is it will have been observed above, it
is optional with the merchant to trust the.buyer, as
immediate payment, with the deduction of interest can
be, and most frequently is,- demanded. Many houses
who have" been most extensively engaged'in this branch of
business have never, from acting with proper cau-
tion, met 'a loss by giving credit bile others,
by acting recklessly, have been severe sufferers-. It the
alteration be made, all parties connected With the article,
except a few large capitalists, will be losers ; the plan-
ters from the absence of competition, the wholesale
grocer and the retailers will all beat the mercy of, and
obliged to pay what the middle men. may demand, who,
from their wealth, may command both the market• and
the prices, and thus a complete monopoly will be created.

(From The Sun of ..LaV, Night.)
The funds have recovered front the temporary depression of
yesterday, and the. prices • for Consols have again advanced,
being 94 924 for Money, and 92 for the Account; Three per
Deduced, 91e, 914; Three-and-a- Half per Cents. Re-
duced, 100 100:11; New Three-and-a. Half ptr Cents , 101 i
1011 ; Rink Stock, 164 167 V, ; I tidia Stock, 244; the
Bonds; -19 21 ; and Exchequer hills, 33 40 premium.
liusine,s in the Foreign becurities has b..en to some extent,
and prices are rather better. Belgian, 104 ; Dutch Two-and-
a- Half per Cents., 53.

nailroad i!'hires have been in better request-South Eastern
and Dover,- 294.30 ; Soul!' Western, 62 ; Giest Western,
New, 6,4 65; Fifths, 10 k ; Eastern Counties Ntw, 51. Ils. 8(I.;
Edinburgh and Glasgow, 54; Alanehester and Leeds, 90, and
Brighton, 36 36f1. •
_ . . _

• The tiondsof the insolvent States, Portuguese Five per Cents.,
374 ; the Three per Cents., '22:4; Colombian, 27, and Spanish
Three per Cents., 24 24k.
Accounts from Archangel state that a movement has taken
place in the market fur flax, princip -11 y, hower r, for specula-
tion. The chief consumption fur the article in this country is
in the north, and any considerable rise in price would materially
injure the trade there, were it not for the increasing use of a kind
of hemp produced in the East Indies, which is becoming daily
more into favor as a substitute for • the foreign production.
This has had the effect of obliging the Russians to ship here on
their 9wn account, in consequence of the absence of orders,
and it is gratifying to observe. by each successive arrival from
India, that exertions are making to improve the quality
of the various articles of native growth, so that in the course of
a short period the whole supply-necessary for the use or this
country will. he drawn from thence. The bilance of trade is too
much in favour of Russia, not to render it .advisable to take
every measure of reducing it to Something .like an eqttality ; and
if the efforts now going on in various of our colonies be pro-
perly encouraged, this object will be speedily attained. It has
already succeeded in linseed, and is -now partially doing so in
hemp and flax, as well as in hides, the chief.artieles -except
tallow, timber, and iroti, for which we are at present dependent
on eliat kingdom.
PRICES OF SHARES THIS DAY AT ONE.
it A ILWAYs. - Paid. •Per-Share
Eastern Counties . 23

Ditto New 9/ 6s. 8d.....
Edinburgh and Gla,gow 50 54
Great Western -
• Ditto New - t 341 - 'to 65.
• Ditto Fifths ......... ... .. 4 -
London ant Brighton ... 50 ...... 2tik':; ... to --
London and South Western 3SI, iHi- to
Londtat and Croydon ( Trunk)... 131 PI: ; .. to
Manchester and Leeds ...... ...... 70 410 .. to
Ditto-A Shares
Midland t' yanties . . ..100 -

nt.

to

South Eastern and Dover bo - to 30 29i
JOINT STOCK BANKS.
NationalProvincialofEngland... 35
PRICES OF IRISH STOCKS, DUBLIN, -APRIL 25.
3 per Cent. Consols - 901- Bank Stock
Threeand Half Stock 9BA Grind Canal Stock ...
Ditto Reduced
Ditto New 1830......... 991 Ditto 4 per cent ... --
3b. per Cent. Debs. - I Royal Canal Stock
LIVERPOOL COTTON MARKET, Aran. 26.—Prices were
very steadily supported, but the market had a very quiet aspect,
and the earlier sales did not exceed 3,000 bales, 700 of which
were purchased by exporters.
LivEr.eoot. SHARE MARKET, Aram 26.—Eastern Cc:un-
ties were rather heavy to-day, and business genural:y was
somewhat languid; a few transactions took place in Eastern
Counties, at. 91. 18s. 9d., new Si. 14s. 2d. ; Liveryool and
'Manchester, 1871; London and Birmingham' ; London
and South Western, 615; Manchester and Leeds, 895
Quarter Shares, 64; Paris and Rouen, 174, and South
Eastern, 20*.

A NCIIKsTrAt STOCK EXCHANGE, Arum 26.--,Our Market
continues very firm in prices, and there is a good demand f,,r.
Railway Shares. Bristol andi Exeter, 444 ; Manchesth. and
Birmingham, 28%; Manchester and Leeds, Quarters, 614 ;
Paris and Rouen, 17 ; yistrict Bank, 1011. and 101.8 s. 9.d. ;
Union Bank of Manchester, 6/. I Is. 3d. ; Manchester Ex-
change Shares, 1(X).

CLOSING PRICES.
BRITISH FUNDS. . •
Bank Stock ]67 'lndia Stock. ., 246
3 per Cent Red.
....... 21prr
3 per Cent C0n5...... 92i Ditto Old Annuities ...
3. per Cent Red lOO Ditto New Annuities:—
New 36. per Cent .
New 5 per Cent.
Long Annuities ;1) expire I Ditto Small 3B pm
Jan. 1860 .. 12 9-16 Bank Stock for Acct ...
Oct. 1e59...., ..... 12 7-16 India, Stock for Acct....
Jan. 1860. 12i Consols for Acct 923
FOBEIGN FUNDS.
Austrian, spi vent-- Portuguese, 5 per cent.
Belgian, 5 pet rent 10.41 Ditto, New Ditto 374
Brazilian ...... Prussian, 5 per cent.. ~„

Buenos Ayres 6 per cest ;Russian, 5 per cent.
Chilian, 6 per 'Ditto,'NletalW ... .... . ..
Colombian, 6 pet cent ;Spanish, 5 per cent...... 24i
Ditto, 1824.. ....... 27 'Ditto, Deferred.....
Dani,h, 3 per cent — .French, Yper cent.
Greek, 18:45,5 per cent — Exchange -. I •..c.
'llle.aican, ft per cent.... • 341 French, 3 per cent — • —c,
Ditto, 6 per cen::. 1b37 Dutch, 21. per cent. 53,1
Pet uvian, 1825, F; per eh 191 Ditto, 5 per, cent. . 101 A
SHARES.
Cheltenham and Great Western :(721 paid) 20
Eastern Counties Railway (23 paid) .. •
Ditto New Shares ( paid)
Edinburgh and Glasgow (50 paid) ... 544
Great Western Railway (65 paid)
Ditto New Shares (50 paid) ... 65
. Ditto Fifth (4 paid) • - 101
London and Brighton (50 paid)
itto Loan Notes (7i paid)
Londn:i and Birmingham (90)
London and Greenwich Railway ; pd)
• London and South Western
London and Croydon Railway ( 14
Manchester and Leeds (70 paid) ......
Ditto Quarter Shares ( 2 paid)
North Midland Railway (100)
Paris and Rouen (16 paid)
South Eastern and Dover (50 paid) . 291

PLYMOUTH, APRIL 28.—The York, Capt. Legg,
freighted with troops for India, having had her .deck repaired,
sailed in the night for her destination.—The Alban steam-
vessel, Master Corn. King,. arrived here last night from the
westward, whither she had been dispatched to relieve the home-
waid• bound vessels.—The Nightingale, 6, Lieut. Corn. J.
Barnes (a) arrived in the night from II eland. - She will be paid
oil at thi, port. —Our respected Commander in Chief Admiral
Sir Graham Moore,. Bart., G.C. 8., G.C.M.G., will strike his
flag on board the Caledonia, 120, guardship, this day at sunset.
—The Lightning steam-vessel, Lieut. Corn. E. S. Pearce,
arrived here yesterday for the purpose of attending on Sir G.
Moore and fami'y.

CuATswonru.—This superb chateau is now nearly
complete in its improvements, a,.d ready for the reception
of the noble owner, who is daily expected to arrive
from Italy. The new fountains ate unrivalled, and excite the
a-itonishment of visitors. The jet dean of the'printipal one
is p.ojected to the height of 80 feet,. the supply being oh-
taint d from the neighbduririg
mountains. he new rouser-i
vatory, which has cost the Noble Duke immense sums, is the
T
largest in the kingdom, being 360 feet long, 70 feet wide, and
70 feet in height. The arrangement is somewhat similar to
that of a church, having a middle ar.d side aisles, The water-
pipes, &c. warming the structure exceed seven miles in
length. All the statues collected by the Duke in -Italy are de-
posited in the mansion and grounds.
• -

.
BRITISH SHOEMAKERS.—(.From a Correspondent.)'
Pray notice a fact which came out on the trial of a des! it nte shoe-
naakr, reported in your paper of last bight, viz., that the mere
prospect of the considerab!e reduction in the duty on foreign
manufactured leather has thrown many hundreds of joui ney-
men shoemakers out of -employ, and into the deepest di!fi ess.
Surely, such a simple fact will cause the Minister, and honest
men of both sides in Parliament, to reconsider the Subject.

SUDBURY.-Mr. Redington, the- Chairman of the
Sudbury Election Committee, has given notice r.f a motion on
the 10tb, of May, for love to b trig in a Bill 10 exclude the
borough of Sudbury from sei,din4 Burgesses to serve in Parlia-
ment. That motion will test the Premier's metal. •