The Sun.
London, England, 1849-09-28 00:00:00

MONEY and COMMERCIAL NEWS.
• CITY, QUARTER TO THREE.
The sales of Cotton at Liverpool yesterday were
about 7,000 bales, with a heavy market. Speculators
have taken 1,000 American, and exporters 500. Prices
of American vvera maintained. Brazil kd. lower, and
other sorts without alteration. 5,000 American realised
4p. to 60.; 200 Pernam and Maranham, Sid. to 6d.;
and 1,500 Surat, 4d. to 4d. per lb.-Railway Shares
have generally advanced, and the market closed firm.
The Corn market has been very dull, and the supplies
of Foreign continue to press upon prices.
The business done this week in Colonial produce
has been to a fair extent, but sugar has ruled rather
lower. An inquiry appears to be springing up for rice
on speculation, and brandy is still in favour. Coffee has
ruled lower, and dye goods have had a fair sale.
According to the following the British have resolved
to deal decidedly with the Venezuelan Government,. in
relation to the law putting off the payment of debts
eight or nine years:-
" British Consulate General, Caracas, July 28, 1849.
" Sir,-I have the honour to state to you, for the in-
formation of all British subjects residing within
your consular district, that her Majesty's Govern-
ment, having had under their consideration the
Venezuelan law of 9th of April last, for enabling
debtors to obtain from their creditors a period of from
six to nine years for the payment of their debts, have
resolved not to permit a law so inconsistent with the
spirit of the treaty between Great Britain and Vene-
zuela, and so much at variance with the fundaments'
principles of international intercourse, to be applied;
either retrospectively or prospectively, to transactions in
which British subject!' are concerned, and that her Ma-
jesty's subjects have therefore deemed it their duty for-
mally to declare to the Government of Venezuela that
the state of Venezuela will be required, by Great Bri-
tain, to make good to British subjects all losses and
damages which they may at any time sustain by reason
of the operation of so unjust and unprincipled a law.
' J. ItriaDis.."
The Ilamburgh mail has arrived withe±uesday's
iavices. The rate"of Exchange on London had again
risen, having touched 13 104, and sold was, at 4371.
Money was easy.
'From St. Petersburgb, under date of the 19th inst.,
we learn that the arrival of more ships had givengreater
activity to the export trade.
The Amsterdam Bourse on Wednesday was still
inactive. The Dutch
,Two-and-a• Half per Cents., were
quoted 531. At Frankfort, on the 25th instant, the
quotation for Austrian Bonds was 894.
The letter of Mr. Cobden, as we stated yesterday, is
exciting a good deal of controversy, and the Times'
assertion that the Hon. Gentleman is seeking to destroy
free trade in money, has been laid hold of by those who
take assertion for fact, and are glad of any palliative.
Assuredly capitalists may do as they please, but the
public should be cautioned and instructed. Foreign loans
have proved a source of loss to this country, however
interested parties may seek to prove to the contrary,
but it is not the contractors, or even the original sub-
scribers, who ordinarily suffer, but the humbler indivi-
duals who subsequently become holders in the hope of
obtaining a higher rate of interest. As to the principle
of lending money to such powers as Austria, or to any
other despotic countries which crush their own people,
and distress ours by maintaining enormous belli-
gerent establishments, none but absolutists can
defend it, and the only ground of justification we
can see for the private participation of some few English
capitalists, is the stake they may already have in the
securities of foreign countries, and their desire conse-
quently to support their credit. Mr. Cobden and his
party have no intention, we feel perfectly satisfied, to
interfere with any such individual subscriptions, but it is
obvious that these were not alone what was to be
dreaded, for an appeal by lengthy advertisements has
been made to the public at large.
The English Funds opened well this morning, but
upon the Paris news of the Pope's promised concessions,
which are deemed very meagre, have gone back a little.
Consols have been 92i to 93* for Transfer, and aro
now 92a to 921. Time bargains have been effected at
92k to 93* 4, and the price now is 924 k. Exchequer-
bills are 375. to 405.; and India Bonds 735. premium.
The fortnight's settlement in the Foreign market oc-
cupies exclusive attention. Mexican are dull at 27* 4.
Buenos Ayres aro flatter at 44 to 45. Portuguese Four
per Cents. 29i. Spanish Three per Cen's. are numi
nally about 34 to *.
On the whole Railway Shares look well. North
Western are rather higher, and also York and Berwick.
Great Western and Caledonian not quite so good.
0 ‘E ..rOCL( K. oLnSII, G
cßiers OF 1;RITISTI I UNDS PRICES.
3 per Cent. Consols Annuities i;'97l/3 93% 92% 925i'i
Long Anns. to expire Jan.lB6o
Ditto 30 years, Jan. 5, 1860 8 9-16 8 9-16
India Bends, 1,0004
Ditto under 1,0001..........„ 7:3 p • 73 p
Consols for AcCount
Exchequer Bills. I%d: & 2d.
1,000/. Juno 37 40 p 41 p
500/. June
Small. June 37 410,p , 41 p
PRICES OF FOREIGN FUNDS oars. CLOSING
O'CLOCR:. TIMES.
Buenos Awes Bonds. f..ner Cent,. 45 4.); 43
m
Mexican, 5 per ye. ar \JOU p OnB ~„ •
Ditto, Ex Coupons,.
Ditto, Account
,
Portuguese per 'Cents. - 82
Ditto 5 per Cent., Converted - 7 281,
Ditto,4 per Cent 291/2 • 2914
Spaniel: 5 per Cent. 1840.
tto, Passive
Ditto. 3 per Cent
Dividends on the above payable in London.
PRICES OF FA ID. EININESS DONE CLOSIN(
PAILISTAY ELIARES. AT ONE O'CLOCK. PRICES.
Aberdeen 5O
Do. Preference
Amber. Nott., Boston,
and Eastern Junction 6 ...... -
%
Ayrshire and Galloway.. 7 -
Belfast & County Down 26% -
Berks & Hants Extens.
(GLlVest. I'er.s per ct.) 6
Birmingham and Ox-
ford Junct., calls duly
paid, or with a guaran. 20
Do, withontguarantee 20 • -
Birming, NV olvernon,
and L',idley, calls duly
pd, cc with guarantee 10 ..... -
Do. itlout guarantee 10
Birming.,Wolverh'pton,
and Stour Valley 131. 14s ... -
Birkenhead, Lancashire,
and Cheshire June 20
Boston, Stamfd & Birm. 71. 4s. -
Bristol and Exeter 9O ... .. -
Ditto, Thirds ..„ - .
thickinghatrishire
Caledonian
Ditto, New 10/. Pr0f... 10
Ditto,Clydesdale June 50
Chester and Holyhead... 50
Ditto, Preference l5
Clarence -
Do. Ist Class, 6 per Ct. 10
Do. 2d Class, 5 per Ct. 10
Do. Government Loan,
4 per Cent.
Direct London & Ports-
mouth - ... •••
Dublin and Belfast June. 40 -
Dundalk & Enniskillen 27% -
Fast Anglian, 25/., L. &
E. and L. and D...... 25
Do. 18/., E. & IL.- 18
Do., 31. 105., Pref.-. 3% -
Eastern Counties........ 20 ...... 7 (~J,4 •
Do. New,Gua.6 per ct. 10 ...... 11.14
Ditto,Extension, 5 per
Cent., No. I 61.135. 4d.... - ...............
Ditto ditto, No. '2...61. 13s. 4d... -
Do. North. & Eastern,
6 per Cent.
Ditto. 5 per Cent 5O
Do. New ... 43 ......
Eastern Union, Class A
(late E. U. Shares) 25
Ditto, Class A, ditto... 3% -
Do., Class B (I. & B.) 25
Ditto, Class C, ditto... 221/.

dis

4%

•
Do. Scrip (6 per cent.) 20' -......— ..
East Lancashire
Ditto, New -25 ...-. ......... ..... 141/2
Ditto, New Quarters 6
Do., 6 per Cent. Pre-
ference Quarters ... 614 — .... ...... ...,..
East Lincolnshire ...... 25 -
Edinburgh and Glasgow 50 ...... ..
Ditto, Half Shares ... 20 .. .. — .„
Edinburgh and Northern 25 --I
""to. Newport l6 '

Ditto, Newport l5 •• ••• P••• •••lf•
Exeter,Yeovil, & Dorch. 2.)13

_ .
Exeter And Exmouth... 218..- — .... --
Gla,gow, Dumfries, and
Carlisle -
Glasgow,Kilmar.,& Ayr 50
Do. Preference Consol.
Great Northern
Do., Yy2 A Deferred ... 121,/x......
Do., %B 6 per Cent... 71.1 4154
Do., 5 per Cent. Pref. 7 1/2...... •• •••..
Great South. and West.
(Ireland)
Groat North of England.loo ......210 ... Ol
... 0
Ditto, New, 40/ 4O
Ditto, ditto
Ditto, New, 30/ 3O
Ditto, New,lsl l5 .. ..
Great Western .....100
Ditto, 1,4 Shares
Ditto, 1,4 Shares
Ditto, Fifths ..... ....... 20
Ditto, New 171........ 15 ... .. -713/4 73i,
Hull and Selby - ...... 50 ...... a. —I :
Ditto, Half Shares ... 25 ...... 47 .. 47
Do. Quarter Shares... 12% •—• --
Lancaster and Carlisle... 50 ......
Ditto, Thirds
Lancashire & Yorkshireloo
Do. do. M. B. & 8... 96
Ditto, ditto .
Ditto, % Shares ...... 46 ... .. -
Do. Quarters ... ...... 22% — ••• -
Do. Fifths...
......
......
... 10 ...... ..... ...... .
Do. Thirds ...........- •15 "••• 4% ••• 41A
Do. New Guarantced
6 per Cent...... l2 10
Liverp.Doit.to(udcie
u and Bury 46
Ditto
and Shelf.) 5O - .. ..
--
Do. (W. Riding Union) 9 -. ...... . —
Do. (Preston & Wyre) 25
Do. % Shares (A)... 10 ...... . -
Leeds and Bradford
Leeds and Thirsk ...... 50 ...... -_
...
Do., Prefer., 6 per Ct. 5 ...,
Do., Pref. Quer., 1818 9
Liverpool, Crosby and
Southport lO
London & Black wa11...11/. 6s. 3d —
London, Brighton, and.
South Coast... ..... 100
Do., New Si., guaran-
teed 6 per Cent ... ..100
Do. Guarant. 5 per et.. 9 ...... --. -
Do: Prefer. 5 per cent. 50
Ditto, ditto...". 1852 50

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