The Sun.
London, England, 1849-05-01 00:00:00

AMERICAN MARKETS.

NEW Yonx, A rim. 17.—Money Market—The market
}it 3 been much pres3ed, and foreign exchange conse-
q .intly rules lower, and the stocks of United States and
the t States are depressed by the same cause.
The current rate of selling bills on London for cash
doi is not exceed six per cent., while large transactions
are made at five per cent. This state of the exchange
Nti:'l materially draw coin hither from the Bank of
tui ;land, and large amounts: are calculated upon as
like ly spou to reach us in this way.
few millions of dollars could be well spared by the
Ear k of England just now, and in this market would
bent fit England's affairs hardly less than our own,
''Y the renewed activity which would thereby be im-
lat to trade in general.
;Owing to the work on the enlargement of the Erie
4 nal, the navigation thereon is not yet resumed, and
wi 11 not be before the Ist proximo; hence the impulse
ns sally given to business by the spring trade through
tb is channel is yet to come. Happening, as it is likely
s
dn, simultaneously with the first arrivals of gold from
r(tgland, there is ground for anticipating relief to the
Zy market, and much activity in business.
rw are yet looking for the golden flood from Cali-
LI n.e la. Hitherto a very small proportion of the treasure
collected there has foand its way to our shores.
Expeditions for that region of promise still continue,
bin
_withconsiderably abated zeal. The Legislature of
the State of Pennsylvania have enacted that the interest
no the State debts shall in future be paid in casb, and not
in ;selling notes without any deductions except the State
ttz,

Another law has been passed, appointing the taxes on
collateral inheritances on charters of banks and railroad
companies to the annual purchase of the State debt.
From these sources about 250,000 dollars annually is ex-
pected to accrue, and will be invested accordingly.
The following were the current rates of United States
at curities at the dates mentioned:—United States Sixes
of '3B, March Ist, 113; March 15th, 112; March 31st,
110; April 16th, ili; Treasury notes, 11q, 1091, 107;1,
108+; Pennsylvania, Fives, 801 801, 78+, Sit-0 Ohio
Sixes, 1031, 103+, 1031, 104+; Kentucky Sixes, 102+,
302+; Reading bonds, 50, 53, 53, 52; Bills on London,
107+, 1074, 1061 to 107+, 105 to 1061, 106 to 106+.
Cotton—On the 6th inst. the telegraphic edvices by
the Niagara were received. The decline by this packet
Was not greater than was looked for, but as it began to
appear doubtful whether the peace of the continent
wonid be preserved, the business on that and the suc-
ceeding day was almost nominal.
The letters which were received ol th 3 9th in;tfint,
eo2lfirmin this idea, had the effect of causing a decline
nearly of g
_at which 1,6C0 bales were dis-
PO4ed

On Tuesday the sales were 1,500 bales, and on Wed-
nesdq 2,000 bales, prices each day slightly lower.
One farthing was the currency paid for freight to
Liverpool to-day. On Thursday 1,000 bales, Friday
2,000 bales, and Saturday 1,500 bale without further
change in prices, the market assuming a more regular
character towads the close of the week. Nearly the
wholo of this business was for exportation, and the bulls
of it for the continent.
Yesterday the sales were 1,000 bales, with a languid
market.

The quotations are for mailing, Ca to 6-;i- for uplands;
and 61 to 7 for Orleans fair; 71 to 7 H for uplands, 71..
for 11-Inbile and Orleans.

Freight 13. per lb. to Liverpocl; 4c. to Havre. The
receipts of cotton during the last two weeks have been
larger than in any fLrtner year, excepting the year
1840, v:licn the crop ran 200,000 or 300,000 bales be-

yond the estimate.
The Courier and Inquirer says, we are tired of being
deluded by recresentations of probable falling off. Wo
will not believe again until we see, and we verily expect
the cscesses in r, ceipts, compared with 1648, to be about
as large three weeks hence as it is now, telling that the
receipts of the three weeks last year were only 143,000
bales.
Tons we may be right up to 2,400,000 bales before we
have a symptom to exhibit of any probible accuracy in
the opinion we have given, that this crop will nut mate-
rially exceed 2,600,000 bales, &c.
Flour—The continued dulness in the market has occa-
sioned a further decline of 371 to 50 cents per barrel on
the lower descriptions since the calling of the Canada
on the 4th. The better kinds, being has plentiful and
more in demand, have been less affected. At the close
of yesterday there was a better feeling, and holders
were more firm, but the enhanced rate for freight bad
checked the expert demand.
The exports from the 27th of March to the 101 of
April to Great Britain and Ireland from this port were
5,700 barrels of flour, 962 barrels corn meal, and 234,577
bushels Indian corn.
Provision—The market is inactive. Mess pork is held
at 10 dolls. 25c. to 10 dolls. 371 e., and prime at 8 dolls..
50c. Beef sells in small lots at 11 dolls. 50c. to 12
dolls. 50c. for country end city best mess, and 7 dolls.
75c. to 8 dolls. 50c. fur prime; Ohio lard 61- dolls. to
61
Ashes—Pots command 7 dolls. per 100 lb. They are
scarce, and in demand. Pearls are steady at 7.
Freights—Rates of frei'zlit are, to Liverpool kr cotton
is square bales, and in round 1. per lb.; flour,
23. per barrel; grain in bulk, 611. to 7d. per bushel for
corn and wheat respectively—to London, 2s. to 2s. Id.
2s. 21, and 2s. 31 per barrel for flour, and other ar-
ticles in proportion. To Havre—cotton cents. per lb.