The Sun.
London, England, 1849-03-21 00:00:00

MONEY and COMMERCIAL NEWS.
CITY, QUARTER 7'O THREE.
The Cotton Market at Liverpool yesterday closed heavily.
Prices of American in some instances were id. per lb.
lower. Other sorts remained unchanged. The sales were
estimated at 3,000 bales, and comprised 2,000 American at
4d. to 6d, 50 Pernam and Maranhao] at 41/sd. to sd, and
100 Surat at 31/td. to 3%d. per lb.
The letters and papers by the Europa steamer have been
delivered this morning. We gave yesterday an analysis of
her intelligence as received by telegraph, and may now add
that the accounts are looked upon as favourable, and that an
active spring trade is expected. The following is information
connected with the money market, and dated from New

York :
" The demand for Foreign exchange by the steam-ship
Europa has been active, and transactions to some extent
have been made at our quotations. The supply of sterling
bills upon the market is large, but drawers of the best are
firm at our highest quotation.
" Domestic exchanges are quiet, and quotations remain
without any material alteration. The rates are in favour of
this city, on all points. 17i:current money is plentier than
it has been for some time past, and more is offered for re-
demption. As soon as business becomes more active, the
brokers will have as mud] of this currency as they can carry.
Our quotations for specie remain about the same ; there is
very little movement going on in corn."
Relative to public securities, it is stated that " quotations
for these securities have improved several per cent. during
the past two weeks. The advance in Government Stocks has
been very moderate, compared with that realised in Londcn,
and quotations in this market now range below those current
abroad at the latest advices. This margin will soon be co-
vered, and we have no doubt advices by the steamer, now
nearly due, will confirm this impression. The election of
General Taylor, and the character he enjoys for determina-
tion, and the principles he has avowed, have no doubt
tended as much as anything else to create confidence.
The Assistant-Treasurer of New York received notice to-
day to pay over one million dollars in species, on account of
the Mexican indemnity. Most of this amount has been de-
posited in the Bank of Commerce, to the credit of the agent
of the Messrs. Barings, and will probably be remitted to
London by bills of exchange. This will create a demand for
bills, and improve the rates, but they now range so much
below par that there is no danger of any coin going forward.
It will be seen by the quotations for stocks current at the
second board, that the withdrawal of such a large amount of
specie from the sub-Treasury, had not the favourable effect
upon the market anticipated."
Much interest is attached to the Indian accounts, which
are, on the whole, of a favourable character, the Punjaub
war having interfered less with business than might perhaps
have been expected.
In Java, up to the 28th January, business was dull, owing
partly to the Chinese new year. The Dutch and English
merchants had determined to limit the date of private bills to
six months' sight or eight months' date.
At Singapore, on the sth February, trade was compara-
tively dull, and from the same cause as at Java.
The Labuan accounts are to Jan. 30. The health of the
settlement had then greatly improved. Captain Brooke was
appointed to act under the Governor as prime minister. The
Sultan of Sulu had received Sir James Brooke with much
hospitality.
In China affairs were rather unsettled, and the expendi-
ture of Hong-Kong was much complained of.
There are distressing accounts from New Zealand, dated
Nov. 17. From the 'l3th to the 24th of October repeated
and protracted shocks of earthquake were experienced,
which threw down several of the public buildings,
including the hospital, gaol, chapel, &c., and more
or less damaged nearly all the brick and stone buildings in
the place, the inhabitants were much terrified, but only one
or two cases are cited of loss of life, and there were active
exertions making to repair the mischief, no shocks having
been felt from Oct. 24 to Nov. 17.
Another well-known " City man" has departed this life,
Mr. Poynder, the strenuous advocate for the abolition of
idolatry in India.
The Funds are looking up again, the foreign news afford-
ing rather more encouragement, and a little money stock
having been bought. We shall have the Dee steamer here
shortly with over 3,000,000 dollars, and this will increase the
abundance of money. Consols are 91 to 14 for transfer, and
911/8 to % for account. Exchequer-bills are 38s. to 41s.
premium. The Indian news has a good effect.
There has been another important movement in the foreign
market. Yesterday Buenos Ayres Stock was in favour, and
now Mexican have the lead again • the rise is 2to
21/ per cent., viz., to 29% and 30%. The expecta-
tion is that there will be a large remittance.
Grenada Stock has been at 18, and Buenos Ayres at 37 to 40.
Dutch Two-and .a-Half per Cents. have been at 47 % to %.
Spanish Three per Cents. have been 28%, ;and Portuguese
Four per Cents. 263/4. Peruvian are 60.
Shares are looking rather better, but there is not much
doing.
BRITISH FUNDS THIS DAY AT ONE O'CLOCK.
(From the Official List.)
3 per Cent. Consols Anns
India Stock
Do. Bonds, 10001
Bank Stock for Account 1961/ 196
Consols for Account
11Ad..••• 91%1004
Exchequer Bills. 2d,
March. June.
1,000/.
PRICE OF FOREIGN FUNDS AT ONE O'CLOCK.
Buenos Ayres Bonds, 6 per Cent... 37 40
Equador Bonds 314%
Grenada, 1 per Cent... lB
Ditto Deferred ...
Mexican Bowls, 1846, 5 per Cent —3%
Ditto for the Account ... 283/4% 29% % 30%%
Peruvian Bonds, 6 per Cent 6O
Portuguese Bonds, 5 per Cent
Ditto 4 per Cent.
Russian Bonds, 1822,5 per Cent lO2
Spanish Bonds, 5 per Cent,lB4o
Ditto for the Account
Spanish Bonds, 3 per Cent Cent
Ditto for the Account 28%
Venezuela Bonds
Do. Deferred
Dividends on the above payable in London.
French Rentes, 5 per Cent.
Exchange 2sf. 25c.
Dutch 21A per Cent., 12 Guild
Ditto 4 Der Cent. Certificates... 773/
USINESS DONE IN RAILWAY SHARES AT ONE O'CLOCK
RAILWAYS. PAID. PICA SUMS?.
Aberdeen
Caledonian
Eastern Counties ....
Do. New Guarant. 6 per Ct. 10
Eastern Union, Class A (late
E. U. Shares) ......... .. 25
Ditto Scrip (gua. 6 per ct.) 20 . l9 ... to 19%
East Lancashire
East Lincolnshire
Great Northern
Do. 1/ B 6 per Cent.
Do. Extension .... 2lA— ... %
Great Western 100
Ditto, Half Shares
Lancaster and Car1i51e........ 50
Lancashire and Yorkshire ... 93 .....
Ditto Fifths
Land., Bright., & South Coast 50
London & North Weatern.....loo 13314 134 to 133124
Do. 101... M. and B. (C.) 1
London and S. Western...—. 50 _ 37%•.•... to 37
Midland. .. lOO .... 78 77 ... to 771/
Ditto, 50/. Shares
Shrewsbury and Birmingham 10
Ditto, New Guaranteed 8
South Eastern 33% 2314 ex.d to -*-
Ditto, Scrip No. 4.. -
York, Newcastle, and Berwick 25
Do. Original New & Buick 25 2414 to
Do. and Newcastle Exten. 20
Do. G. N. E. Pun. or Pref. 8 71A to
York and North Midland .. 50
Ditto, Preference
Ditto East and est Riding
Extension
FOREIGN RAILWAYS.
Boulogne and Amiens 2O .. 8%3/4.. to
Central of France ( Orleans
and Vierzon) ...
Namur and Liege 2O ......
Northern of France
Reuen and Havre ........ 20
MINES.

Australian ...
Bolanos Scrio
United Mexican

COURSE OF
Amsterdam ...... •• .. 12 2
Ditto, at sight • • .... 12 0
itottcrdain .... ••.. • • 12 2M
Antwerp. ... •25 70
lismburgh ...• • • M.B. 13 121 i
A1t0na.......... • • ....
Paris, 3 days'sight 25 25
Ditto, 3 months .... 25 50
Marseilles .......... 25 50
Bourdeaux.... ..... • 25 55
Frankfort on Maine.... 12114
Petersburgh, 511.11510.. 36%
Berlin.... • • ...... • • ••
Vienna, effec. fi0...... 11 36
Trieste, ditt0.......... 11 36
Madrid ••.. • • ........ 49
Cadiz •• •• •• •• • • •• •• •• 50
Bilbao•• • • ••
Barcelona •• •• ........
•• •• •• • • •• ••