The Sun.
London, England, 1849-08-27 00:00:00

Tel i /NE Y and COMMERCIAL NE iV zei.
CITY, Q (7,4 117'ER TO THREE,
The sales of Cotton at Liverpool an Saturday a ere
estimated at 8 000 be.!es, and censisted of about 5,000
American, et 4id. to 7d., S'oo Pernarn end Maranharre
at 51d. to Gd.; 300 Egyptian, at 6d. to 63d. ; 1,000 Surat,
4d. to 43d.; and 50 Sea Island, at 11d. to Is. Id. per lb.
•There were taken 1,500 on speculation, and 500 fur
export. The market closed steadily.—Railway Shares
were dull, and generally at lower rates.
The letters and papers received by the Cambria this
morning are of dates a week later than the communi-
cations received by the Europa. They do not,
however, contain much matter of interest either
commercial or political. It appears that the cholera
had much diminished, and that the " fall" trade was ex-
pected to turn out brisker than was previously antici-
pated. The money market at New York wus easy, and
the prospects of trade were of a satisfactory nature.
The cotton crop is still considered to be
in a precarious condition, being much affected
by the unfavourable character of the season. We, how-
ever, do not place much faith la these reports, which
are always rife about this season at New Orleans and
Mobile. It is probable that the yield will not
be so large as it was last year, but that
was an extraordinary crop, and cannot be taken
as a fair criterion. No doubt th Liverpool speculators
will find ample ground in the present report from the
south to run up the price of cotton wool—a process
which tallies exactly with the hopes and expectations of
the American grower.
Breadstuffs were dearer, in consequence of the. unfa-
vourable state of the crops.
More business was doing in Stock, and prices firmer,
with an upward tendency. Exchange on London,
109 k to -3.
No later intelligence from Mexico.
Sir John Harvey, Lieutenant-Governor of Nova
Scotia, had issued a proclamation, recommending that
the 29th instant be set apart as a public day for fasting
and humiliation, to supplicate Divine Providence to pro-
tect that province from a visitation of the cholera.
The writer in Aris's Birmingham Gazette, upon the
Staffordshire iron trade, states to-day that—
" The proceedings of the past fortnight have been in-
tercepted by a rather formidable strike, or turn-out,
among the colliers in the neighbourhood of West Brom-
wich and Dudley, in consequence of which operations
have been entirely suspended at some of the iron works,
and partially so at others, and several blast furnaces
' have been put out of work. On these accounts
very little business has been transacted, and as
neither purchasers nor sellers are eager, under
the present unsettled appearances, both pig and bar iron
I may be stated as stationary at the last quotations. The
prospect of an approaching restoration of the German
and other European markets, together with the absolute
reduction of make now taking place in South
Staffordshire, afford some grounds to look for
improvement, but the advices from America represent
figures there as continuing still very low, and
the markets inactive. It will be in the recollection of
our readers, that from the desponding character of
commercial affairs, and the low prices resorted to
elsewhere, it was deemed requisite, at the last meet-
ing of the trade, to reduce Staffordshire bars to 61.
per ton, and also to enforce a proportionate abatement
of wages among all classes.of workmen employed in the
manufacture of iron, or connected with its production.
At the ensuing quarterly meeting even this price was
abandoned, and sales were made much lower than the
proposed retrenchment in wages and other expenses
would justify. Under these circumstances, the
men fairly and readily submitted to the cur-
tailment of their earnings, and acknowledged with
candour the necessity on their part of assisting to
meet so unusual a depression. Unfortunately for the
welfare of the trade, either from interest, zeal, or
caprice, different representations were put forth in
some of the public prints, impugning the cor-
rectness of this position, and asserting that
nothing like depression existed in the trade. One
gentleman stated that he had purchased 10,000 tons of
pigs for immediate consumption, and had made large
sales of iron, though it unintentionally escaped that
they were effected at five shillings at least
below the rates agreed upon as above. From
time to time these representations have been
repeated, mentioning orders as abundant, activity pre-
! veiling in every department, and even that circulars bad
1 ' been issued from leading firms declaratory of 10s. ad-
vance. Last week again we were assured that ' this
. improvement had been fully borne out,' and that
'au advance' (a second one, we presume) is not
improbable. The colliers and miners, who are
net (like furnace men, puddlers, and other workmen
immediately engaged in mills and forges) sufficiently
intimate with the real facts of the case to form their own
judgment, hearing such statements read in the various
public-houses, would have cause to consider that, with such
returning prosperity and higher prices, they ought not to
be longer called upon to continue their work at un-
usually low wages; and to this source the present dis-
-1 satisfaction may undoubtedly be tracer. The responsi-
-1 bility of the ill feeling between the colliers and their
employers, and the poverty and wretchedness thus
inflicted upon the families of the former, in a great degree
attaches to these incautious representations. How long the
present collision may continue, whether it will spread
and infect the other mine districts, and those colliers who
have not yet joined, or whether the dissatisfied will by
degrees resume their work, is yet matter of speculation.
A meeting of coal-masters was held on Wed-
nesday last at Oldbury, and resulted in a
determination on the part of a large majority
of those present, not to yield to the demands of the
men. Notices have, however, been given by most of the
colliers who have hitherto continued at work, and also
by the miners, for an advance of their wagers, and un-
less it is conceded to theta, it is probable they will, at
their expiration, join those already out. Hitherto
it is a matter of congratulation, that no
violence has been resorted to, and we trust
that sufficient good feeling yet remains to induce a quiet
return to their work, with full confidence that their
masters will take the earliest opportunity dila offers for
giving them better wages. At present they may be as-
sured that such representations as we have alluded to are
only a delusion, while the cheapness of provisions, with
the probability that they will be still lower after the
abundant harvest is secured, and the severe losses lately.
entailed upon those masters who have continued to em-
ploy their works in the manufacture of iron, point out
the propriety of such a course."
There has been no change in the position of Public
Securities since Saturday. Consols being still quoted for
the Account 924, and for Money 924 and je The Three
per Cents. Reduced have been done at 928 93, and the
Three-and-a-Quarter per Cents. 93i to 94. Bank Stock
199 i. Exchequer-bills 425, to 455., and India Bonds 735.
to 765. premium.
In Foreign Securities the changes have been imma-
terial, but there is scarcely so much buoyancy
iu the market, which is chiefly owing
to the small amount of business transacted
in the Foreign Bonds. Mexicans aro quoted 27-11 1;
Brazilian, old, 86k; ditto, small, 85; Buenos Ayres, 503
to 511; Equador, 3-i-; Peruvian, 533 e, ditto, Deferred,
141 to 143; Belgian Two-and-a-Half per Cent.,s 481;
Dutch Two and-a-Half per Cents., 531; and the Four
per Cent. Certificates, 831.
The market for mining shares has been rather dull
within the last few days, but prices have continued
about the same. Very promising accounts have been
received by the United Mexican Company.
The market for Railway Shares has not recovered
from the depression which took place towards the end
of last week.

ONE O'OCLCK. ,ILosING
PRICES.
199 t,¢
92%
923/4

eici4 1 (4' BRITISH VUNDS
Bank Stock
3 per Cent. Reduced Antis ......
3 per Cent. Consols Annuities— 92% %
New 314 per Cent. Aren5....... 93% 94
Long Arms.to expire Jan. IMO
Ditto, 30 years, Oct. 10, 1859
Ditto 30 years, Jan. 5,- 1860 8 11-16 8 11-16
India Bonds, 1,0004
Ditto under I,o00l
Consols for Account 92%
Exchequer Bills. 14d. & 2d.
1,0001. June 45 42 p
Small. June 43 p
PRICES OF FOREIGN FUNDS.

ONE (11.08 IN,
O'CLO CK. PRICE S
Brazilian Bonds
Ditto, Small B5 85
Buenos Ayres Bonds, 6 per Cent. 5016 51 511/
Equador Bonds
&lexicon' 5 per Cent. 1846, with Coupons,-
Ditto, Ex Coupons
Ditto, Account . 273/4
Ditto,: Small —
Peruvian Bonds, 6 per Cents —
Ditto, 4 per Cent. Active 521%
Ditto, Deferred ... 14'A1%
Portuguese 5 per Cents. —
Ditto, 4 per Cent —
ipanish 5 per Cent. 1840.
Dividends on the above payable in London.
Belgian 21/2 per Cent ..... 483/4 483/4
Belgian, 41/2 per Cent — 861/2
i qacn 2% per Cent., 12 Guild.
Ditto, 4 per Cent. Certificates 83% 83%
PRICES OF
PAID. BUSINESS DONE CLOSING
RAILWAY SHARES.AT ONE O'CLOCK. PRICES.
Aberdeenso - .. ... .........
Do. Preference ...... 6%
Amber. Nott., Boston,
and Eastern Junction 6
Ayrshiro and Galloway.. 7% —
Belfast & County Down 25
Berks & Hants Extens.
(Gt. West. Per. 5 per ct.) 6
Birmingham and Ox-
ford Junct., calls duly
paid, or with a guaran. 20
Do, withoutguarat,tee 20 .
Birming, Wolverh'ton,
and Dudley, calls duly
pd, or with guarantee 10 .....
Do. without guarantee 10
Birming.,Wolverh'pton,
and Stour Valley 13/. 145...
Birkenhead, Lancashire,
and Cheshire June 20
Boston, Stamfd & Birm. 71. 45. ...
Bristol and Exeter 9O ......
Ditto, Thirds ..-
iluckinghainshire
Caledonian
Ditto, Quarter Shares 121% ...... .... ,
Ditto, New la Pref... 10
Ditto,Clydesdale June 50
Chester and Holyhead... 50
Ditto, Preference
Clarence - .......
Do. Ist Class, 6 per Ct. 10
Do. 2d Class, 5 per Ct. 10
.......
Do. Government Loan,
4 per Cent.
Direct London & Ports-
month
Dublin and Belfast June 4O ......
Dundalk & Enniskillen 221/ ......
East Anglian, 25/., L. & ..
""
E. and L. and D...... 25 ......

203/4