The Sun.
London, England, 1849-06-06 00:00:00

'MONEY and COMMERCIAL NEWS?
CITY,
The sales of Cotton
atQ LUiAveßrpToEolßyesTteOrdaTyHaßmEouEn.ted
to 10,000 bales, including 4,000 on speculation and ex-
port. The transactions consisted of 9,000 A •
merman at
.`sel. to aid., 200 Bahia at 44e1 to sd, 100 Egyptian at
510. to 6d, 700 Surat at 3d. to 3id., and 40 Sea Island at
90. to 11d. per lb. The market was animated, and
American sorts were id. per lb. higher.—ln Railway
Shares a fair business was done, and in some instances
higher prices were paid. The market closed firmly.
The arrivals of Grain reported at Mark-lane to-day
comprise 1,970 qrs. of Foreign Wheat, and 11,400 qrs.
of Oats.
There are conflicting opinions concerning the future
course of the grain trade, as well as other branches
affecting our agriculturists, and without adopting the
opinions of others, we may usefully give some remarks
by a practical party, who states that—
" Beef is likely to advance further as we get along
the summer, for the supplies will be found short about
August; but mutton will be plentiful, which may
check the rise in beef. Lean bullocks will not get cheap
enough, for we can't get supplies enough in Norfolk.
The system of grazing has altered, for all the Midland
aid northern breeding districts used to send their pro-
duce lean into the grazing districts, but latterly these
breeding counties have found out that they can grow
squally good beet and turnips, and fatten bullocks equally
well with the Norfolk and Suffolk men, and now they
send away only the cattle 1% hich they do nut need fur
themselves, and as they keep the best, it is but seldom
we see such well bred cattle here as we used, unless
some enterprising men go to the breedirg districts and
buy for themselves. Sheep, on the contrary, we grow
plenty of, and some as fine, pure, and good, as anywhere
in England."
It is satisfactory to find in the American letters
delivered yesterday afternoon, that the prospects of trade
in the United States are encouraging; but at Montreal
business was dull in Flour and must other articles. The
business of the Weliand canal this year exceeds that of
previous years; a good deal of American craft, taking
advantage of the route to reach Albany, via., Oswego.
The number of passengers advised, as being on the
voyage out to Quebec from England and Ireland,
was 8,550. It is a matter of complaint that
the mercantile classes in British North America have no
share in the Government, and have had none for twenty
years, and a remodelling of the franchise is imperatively
for. We were certainly gratified, in attending yester-
day, a meeting of the proprietors of the Bank of British
North America, to find that the profits of the past
year were 51,8001., after allowinglor all bad and doubt-
ful debts; that a dividend at the rate of five per cent. per
annum was declared, and that the directors anticipated
some improvement in the trade of the colony.
Under date of March 28, from Valparaiso, we have
the following :
The arrivals of registry tonnage in the aggregate
falls short this month in comparison with that of the
preceding one, by about 12,000 tons, there having en-
tered only 8,486 tons in all, of which 834 are British;
namely, about 400 with coal, 400 in transit for Europe,
and none with assorted cargoes, about 2,000 tons United
States, chiefly whalers and transports, with provisions,
for California, and one assorted cargo, only 3,200 tons
Chilian coasters, 632 tons Peruvian, and about 1,900 tons
of Danish and other continental flags. All these latter
have found for the most part ready employment at former
good rates on this coast, but chiefly for San Fran-
cisco, to which destination about 5,000 tons have
sailed, comprising what was reported last month as
being on the berth loading. Most of the vessels which
were left unchartered at the departure of the last
steamer, both in this and in Coquimbo bay (say about
3,000 tons), have successively been taken up for carry-
ing guano, principally, and saltpetre, and copper ores,
partially, to ports -in England direct. There are still
about 1,200 tons, of various flags, loading to sail shortly
;or California. Generally speaking, there is a slight
tendency towards rise in freight rates, which will be de-
termined by the greater or lesser number of arrivals be-
fore the sailing of this steamer ; of British there
remain about 600 tons in this bay for charter, and about
600 tons of continental flags. Bar silver having accu-
mulated fur want of purchasers, it not having any otht r
destination but that of simply being exported in bars.
and the Copiapo mines continuing abundant, has fallen
,o dollars 9.7 marck. There are orders for purchasing
guano (Chilian) at limited price!.; but holders thereof
pr,fer sending it to Europe on their own account at our
actual low rates, rather than sell it at the current price
of 14 dollars the ton on board. Exchanges London,
45 a 4.5 k; ditto on Paris. 4.75; ditto Hatnburgh, 40."
Mexican accounts of May 1, via ti e United States,
mention that Paredes had none of the white population
with him.
The Money Market in London is in a very easy state,
but there is fair employment in many branches of trade
for surplus funds. In sugar and other articles of foreign
and colonial growth there has been more activity, and
the manufacturing districts must need a greater circula-
tion of cash. Still there is nothing to indicate the least
tightening in the rates of discount for the present.
The English Funds have been flatter this morning, as
the advance of yesterday has induced the realisation of
profits by many who bought in at lower prices, and the
Paris Bourse has exhibited weakness again. Whether
the President's message will be ut a nature to dissipate
further uneasiness, time must show. Consuls have rea-
lised 91;,if to 92 for transfer, and 911 for account Ea-
ch, aver-bills have been 45:. to 48., and ledia Bonds
71s. premium. Bank Sock has been steady at 193} to
195, an,: ladle Steck has been marked 249 to 250.
The Foreign Market, the u;,11 quiet, is we ;her, on
account of the depresst d tine of the English lutals.
Sp.uish Five per Cents have been l 6 to Mexican
Stock has been at 27 to 27-2 Danisnaßunds have beets
92, rind Russian 102 to 1.
The Railway Snare Market does not support tho
recent advance, but neither, on the other hand, has it
entirely lust the rise. Eastern Counties are Ligher,
and a chairman of good stand,ng is said to have betii
secured. About the appointment of directors thera.i4'a
ditiLtulty, however, and one or two members of the e(iiar:
mitten !lase shown themselves nut a little arrogant
ambitious. lii dismissing one set of directors, the share-
holders must be careful not to replace them by another
in which too many members are personally connected •
with each ether.
BRITISH FUNDS THIS DAY AT ONE O'CLOCK.
(From the Official List.)
Bank Stock 1931% 195
a per Cent. Reduced Annuities
3 per Cent. Consols Anna .......
911 92 914
New 314 per Cent. Alms .... a 9114% 91
Long Annuities, Exp. Jan. sth, 1860... S 9-16 854
D 0.30 Y ears, Expire Oct. 10, 1859... 8 5-16 Baa
Do. 30 Years, Expire Jan. 5, 1860.. 83/,'4
India Stock 250 249
Do. Bonds, 1000/
Ditto under 1.0001
South Sea Stock
Ditto Old Annuities 8714
Consols for Account ...... 91',"01
Exchequer Bills. 2d.
March. June.
1,0004
500/ 4B p
Small 4B p
Ditto Advertised, 43 p
OF FOREIGN FUNDS AT ONE O'CLOCK.
Buenos Ayres Bonds, 6 per Cent... 36
'Oat-ash Bonds 1825, 3 per Cent....
Ditto, 5 per cent. Scrip, 1849....
Ditto Bonds
Mexican 80na5,1846, 5 per Cent., Coupons 291
Ditto Ex Coupons
Ditto Account
Russian Bonds, 1822, 5 per Cent lo2lx,
Spanish Bonds, 5 per Cent,lB4o ... 16 ye
Ditto for the Accouut
Ditto Passive Bonds
Dividends on the above payable in London.
1,4 N ES, DON t, IN RAILWAY &LIRE* Al O.NE O'CLO( S
RAILWAYS. PAID. rza SHARE.
airmingham & Oxford Junct.,
calls duly pd, or with guar. 20
Bristol and Exeter
Caledonian
Ditto, Quarter Shares 12j2..... 61.4 to
attester and Holyhead... 5O
Ditto, Preference
Eastern Counties
Eastern Union, Claus A (late
E. U. Shares) ...... .. 25
Ditto Scrip (gua. 6 per ct.) 20 . to
Kest Lancashire
East Lincolnshire -
Exeter, Yeovil, & Dorchester 2% 1%..... to
Great Northern
Do. 1/2 A Deferred ..... 121% 4%...... to
Do. Extension ..... '%83/4 ... to
areat Western 100
Ditto, Quarter Shares
Do. New 171