The Sun.
London, England, 1845-12-04 00:00:00

MONEY and COMMERCIAL NEWS
CITY, QUARTER TO THREE.
There was a fair demand for Cotton at Liverpool yester-
day, and 4,000 to 5,000 bales were:eold. Prices were lower
than on Friday last, and the market continued to be well
supplied.
There was rather more business doing in Shares, but the
market was without any other change to notice.
Accounts to October from the Cape of Good Hope, received
to-day, state :—While accounts from all parts of the colony
represent the crops and approaching harvest as exceeding in
promise any other in the memory of man, the statement of
the actual revenue and expenditure for the third quarter
of the years 1844 and 1845, respectively, given in yes-
terday's Gazette, exhibit, from another point of view,
the prosperous condition of the country at large.
There has been an increase on all the heads of re-
venue that bear upon the comforts and enjoyments
or upon real transactions and business. The revenue from
Cust( ms is taken in all countries as a good test of the tem-
poral condition of the population, and it is particularly so in
this colony, as it indicates not only the amount of luxuries,
as many tizeign articles are called, that are rather prized for
their rarity than their use, but of such articles as cloth,
linen, cotton goods, hats, sugar, coffee, tea, agri-
cultural implements, furniture, books for the. en-
tire supply of which articles the Cape is indebted
to its foreign trade. This test has been growing
more and more favourable to the Cape for several years back,
but for some of those years the increase was, in part, due to
changes in the tariff. The increase for the present year,
however, arises solely from increased consumption ; and the
following figures exhibit the extent of this increase. From
Ist July to 30th September, 1844, 11,863/. Cs. 2d. ; from Ist
July to 30th September, 1845, 21,7871. 17s. 2d. ; increase in
the quarter, 9,924/. I Is.
There is also an inci ease on stamps, transfer dues, auction
dues, and postage, all of them indicating increased activity
and enlargement of transactions.
To these the watchfulness and prudence of the present
Government have added another source of revenue, tempo-
rary, but extremely useful in paying off old debts, viz., a
charge for licenses to temove guano
•from rocks and islands
on the coast. These licenses for the last three months
realised no less than 28,705/. 17s. 9d.
In round numbers the total revenue for the third quarter of
last year was 40,0001., for this year it is 77,000 e
Of this statement the Government may well be proud ;
and the people may well be content and thankful.
We have before us a well-timed pamphlet, entitled " The
Folly of the Present Panic in the Share Market," published
by Effingham Wilson. The following are extracts :
" There can be little doubt that were the Oregon question
set at rest, the railway market would revive. The alarm
excited by this question must, therefore, be considered as
one of the principal causes of the present depression : and is
it not degrading to our national character, that we should be
scared from our propriety the moment these repudiators
of the west assume an attitude of hostility, and, like other
cheats, begin to bully those whom they have previously
defrauded ?"
In the following remarks we most cordially concur :—" In the
whole process (the extension of railways) that has been
sketched, not a farthing is sent out of the country; it is a
mere transference from hand to hand; and even the ruin
occasioned by the wildest railway project of the day,
is an individual and not a national loss. What,
then, is to be feared ? Even should the Legis-
lature sanction a creation of capital which it would
cause embarrassment to pay up, would Directors enforce the
payment during a period of monetary difficulty ? Is it for
a moment to be supposed that they would be so insane as
to ruin their own proprietary ? The great projects of the
day are fortunately in the hands of some of the most wealthy
and intelligent of our merchants and manufacturers—many
of them are the strang-headed men of the North—and we may
rest satisfied that they require neither the coercion of the
Bank of England, nor the lessons of the Times, to enable
them to conduct the great works which they have undertaken
to a satisfactory and profitable result."
The fluctuation in the value of Consols for the Account,
has to-day, been from 94% to 951. The price for Money
has ranged from 94% to 941,4. There have been several
rather large sales this morning of Money Stock. Exche-
luer-bills have been sold as low as 1 Is. premium : Bank
Stock has been quoted at 203%; India Stock at 262 ; and
the New Three-and-a-Quarter per Cents. at 95%.
• Wry little business has been transacted in the. Foreign
Funds to-day. The French. Three per Cents. have been
noted at 81f. 75c. • ex. div. ; Spanish at 27 • to 28; the
Three per Cents. at 38 ; Mexican at a fal4from 31% to 30% ;
and Danish at 86. One or two bargains were made in the
Dutch Two-and-a-Half per Cents. at 594.
There is a good deal of business doing in the Share Market
this morning, and prices are more firm.
Wiz CLOSING
PRICES OF BRITISH FUNDS. O'CLOCK. PRICES
Bank Stock
3 per Cent. Reduced
3 per Cent. Consols Annuities 945%1/23A 941,4
3 per Cent. Annuities, 1726
New VA per Cents 95114 Dora
LongAnuuitlestoexiiireJan.lB6o 10 7-16 10%
India Stock 2C2 262
India Bonds, 1,0001
Ditto under 1,0001.
Consols for Account ........ 95 94% 95 'Ai 94%
Exchequer Bills, 1,0001., 1%d.... 16 11 14 pm. 13
Ditto 500/.
Ditto Small

17 12 -
ONE
O'CLOCK

pm. 12
CLOSING
PRICES
81

PRICES OF FOREIGN FUNDS.
Brazilian Bonds
Buenos Ayres Bonds, 6 per Cent.
Chilian Bonds 6 per Cent.....•.• —
Danish Bonds, 1825, 3 per Cent B6 86
Mexican, 5 per Cent. 1837 ......
Ditto, Account Bll/9 30% 303/4
Portuguese Bonds, 4 per Cent .. 5878 58%
Ditto Account 5B
Ditto. 3 per Cent 5B
Spanish 5 per Cent. 1840.
Ditto, Account 27% 28 28
Ditto, Deferred ... 1614
Ditto 3 per Cent. —
Ditto. Account 373 33 38
Dividends on the above payable in London.
French Rentes, 3 per Cent.
Exchange 2sf. 70c. 25f. 70c.
Belgian 41/ per Cent. — 953/4
Dutsh, 2% per Cent .
Ditto. 4 per Cent. Certificates 9214 93

PRICES OF PAID. BUSINESS DONE CLOSING
RAILWAY SHARES AT ONE O'CLOCK. PRICES
Aberdeen .•• 5
Aberdeen, Banff, lic Elgin
Armagh, Coleraine, and
Portrush ...... 1% —
Aylesbury and Theme.. 1%
Belfast & County Down 2% ......
Bideford andTavistock... 1% —
Birmin. and Gloucester. 100 123% 122
Ditto New 17%
Birmingham and Ox-
ford Junction
Birmingham & Leicester
Direct
Boston, Stamid, & Birm. 22s
Bridgewater & Minehead 425. ...
Bristol and Exeter
Ditto, New
Bristol and Gloucester... 30
Bristol and Liver. June . 2%......
Buckinghamshire
Caledonian
Ditto Extension
Cambrian Grand June... ...... _
Cambridge and Lincoln 1% 43% 3%
Do. New -
Cambridge and Oxford.. IN _
•••
Canterbury and Dover.. 1% ..... ....
Central Kent ............... 2%
Chelmsford and Bury ... 1%.., 1 034
Chester and Holyhead... 15 .... 14% ......
Chester and Manchester 425.......
Claelteaham and Oxford 2 ...... 2%.. .....
Clydesdale Junction ..... 5 .....
Cork Blackrock, and
Passages
Cork and Killarney ... 2%
Cork and Waterford ... 1%
Cornwall

Coventry, Nuneaton, Bir.
and Leicester... 1 4•.....
Dartmouth, Torbay, and
Exeter
I )erby and Crewe
Derby, Gainsbro', and
Great Grimsby ......
Derby, Uttoxeter, and
Stafford
Direct Manchester
( Remington's)
Ditto (Rackstrick's) 514...... 3lv
...
ThrectNorthern
Direct Norwich
and Armagh
Dublin and Belfast June. 5
Dublin, Belfast, and
Coleraine
Dublin and Galway..... 4
Dudley, Bladely, and
Broseley
Dundalk & Enniskillen 21/2
Eastern Counties 141. 16s. 19% Ni
Ditto New 6/. 16s.
Ditto Perpetual, 5 per
Cent, No. 1....6/.135, 4d. —
Ditto ditto, No. 2...4/. 13s. 4d... !S p
EastDerch'sn andNor'ch 1 ......
Eastern Union

Ditto, Quarter Shares --
Ditto Extension
Do. Ipswich and Bury ......
Do. Exten'ntoNorw'h ......
Do., Camb. and Ely.. 21.1....••
East Lincolnshire
East & West of England
Edinburgh and Glasgow 50 ....• • 651/2 •
Ditto, Quarter Shares 121, •
Ditto, New .. 5 ......
Edinburgh & Northern.. 114...... ••• •••
Edinburgh and Perth... 3 •• •
Ely and Huntingdon ... 5 •.•
Enniskillen and Sligo ... 2% .....
Essex and Suffolk .. 1%......
Exeter, Dorchester, and
Weymouth
Exeter,YeoTil,& Dorset 23/4 . ....
Glouc.,Abeiystwith,and
Central of Wales .......
Goole and Doncaster
GrandJuuction 100 ......
Ditto Half Shares 5O .
Ditto Quarters 25
Grand Union l% .....
Great Eastern &Western 2% ...... 13,1/2 • ••••• • •
GreatGrimsby and Shef-
field
Great South. and West
(Ireland)

Ditto .I;'.t.ension
Great Munster.... .....
Great North of Scotland 2%....••
Great North of England 100 .205
Ditto New 5 —
Do. New .... .... 2 27 —
bleat Western BO ... ..
Ditto li Shares 5O
Ditto kl, Shares 2% 14%
Ditto Fifths

Guildford, Fare'm, Ports. 2 .....
Harwich
Hull and Selby 5O lO2 100 ...... 100
Ditto 1/4 Shares
Do. Half Shares 12% —••
18
2 ...... 17 18

_
Inverness and E1gin...... 1
Ipswich, Norwich, and
Yarmouth
Irish North Midland 1%......
Isle ofAxholme 2l
Killarney Junctions 1 ......
Kendal and Windermere P ......