The Sun.
London, England, 1849-12-10 00:00:00

iIItkINEY and COIII3IERCIAL NEVV:4.

CITY, QUARTER TO THREE.
The Cotton Market at Liverpool on Saturday was
rather firmer, and prices were fully supported. The
sales w, re estimated at 5,000 bales, including 1,500 on
speculation.—ln Railway Shares only a limited besiress
was done, at rather lower rates,
In Mirk lane to-day grain was steady, and at fu 1
prices.
Respecting the condi:ion of the Staffordshire iron
trade, we have the following in Anis' Birmingham Gazette
of this day:--
"An impression seems to b 3 prevalent that the new
year will usher in better prospects for the iron trade.
Whether or not it may be deemed expedient to declare
any advance in prices at the approaching preliminary
meeting, great activity is confidently expected in what
is designated the spring trade, and an unwonted bustle
has already been excited among the consumers of pig
iron to supply themselves with stocks of that material.
In consequence of the late disputes with the colliers,
pigs are rather decreasing, both at the furnaces and in
the yards of the various mills and forges, and higher
prices have been demanded. Some sales have been
effected at from 2s. 6d. to 58. advance, and in wrought
iron Lusiness also has been done on improving terms. '
Though it is evident that the general demand for iron
is, upon the whole, growing more lively, many of
our larger works do not appear to be so well supplied
with orders as those of smaller pretensions. During
the period of railway hilarity, the steady but limited
resources of our district consumption were neglected for
the more sweeping and lucrative productions of the
sheet mill and the rail mill. The demand for these,
especially the latter, is now dormant, and the recovery
of old connexions is found a matter of difficulty; hence
it is asserted that the leading manufacturers of Staf-
fordshire show no hesitation in accepting contracts at
present prices, and that even upon such terms merchants
are not anxious to purchase, that they will decidedly
set their faces against any immediate advance, as calcu-
lated to blight the hopes of securing steady and pro-
gressing prosperity; while the reports that have reached
us from Merthyr, of notices given at the Plymouth and
other works for reduction in wages, augur ill for any
exhibition of firmness among the manufacturers there.
To this is opposed the decided advance that has been
established in Scotch pigs, the assurance of improve-
ment in Welch merchant iron, both at the works in
Liverpool and in Manchester, the unexampled progres-
sive increase in the export trade, the reviving attention
to railway investments, the abundance of capital, and ,
ease of the Money-market, the disastrous experience of 1.
former attempts to control an evident tendency of
feeling, and the unsoundness of the policy
.that would
foster improvement by throwing cold water upon its
incipient symptoms.
. _ _

" Under such cerflicting representations it would be
rash to offer a decisive opinion, and it seems probable
that the ensuing fortnight will be passed in al-
most similar uncertainty. No doubt the event
will considerably depend upon the briskness of demand
in the meantime. Some alteration is acknowledged on
all hands to be imperatively called for; either the cost of
production must shortly be reduced, or the value of iron
improve, since, low as our present rate of wages are, it
is a matter of notoriety that in to stage of its manures'
lure does iron at present realise more than its bare cost
of production.
" We have noticed an unexpected importation of pig
iron from China. As for the resources or facilities for
production in the Celestial Empire, we are at present
much in the dark; but the reported quality of the sample
received is not such as to create just fears of competition,
though the fact may serve to correct over sanguine ex-
pectations of an extensive market for English iron ill
that quarter."
The accounts from the Continent state that trade go'
rally was steady. At Antwerp the commercial marketi
were becoming somewhat duller. The Protectionists of
Belgium are looking with great interest to the possibi-
lity of the restoration of a duty on corn imported into
England, their own agricultural community being sadly
depressed, while the Government of Leopold lean'
towards the introduction of free trade. The Belgian
journals affect, indeed, to consider a duty of Ss. on wheat
so certain in England, that they appeal to the assumed
intention of Lord John Russell as a proof that our
Ministers are more national and patriotic than their own.
The report of the stock markets abroad states that at
Amsterdam on Saturday an extensive business was done
in Dutch Bonds, several purchases being made ea
English account. The Two-and-a-Half per Cents. were
54i. Spanish Three per Cents. were 291. At Vienna
on the 3d, Austrian Metallics were 931, and at Berlin,
on the 7th, Prussian Three and-a-Halt per Cents. were
We understand that the Beek of England clerks sre
to be liberally compensated for the abolition of the
Christmas-box system, and also for increased labour they
will be called upon to perform, by being allowed only
ono half-an. hour for dinner. The middle of the daY is
so valuable for business purposes that the necessity
of a change in this respect has no doubt become Da'
perative.
Much satisfaction is expressed: at the announced ill'
tention of the Board of Admiralty to promote 11;1
extended system of steam communication that vr.
ensure more rapid conveyance for passengers.anel 1131"
to the Pacific. .
There has not been a great deal done in Public Sea'
rities this morning, but the tone of the market r.
exceedingly buoyant, ani there is an entire recovery
from the temporary depression of Saturday, occasioned
by the report of a renewed misunderstanding between
Russia and Turkey, but arising, perhaps, in reality, from
the natural desire to close accounts at the
end of the week. The " continuation to
January has beer, very high again, no less
then a to 7. Mhs per cent., showing a strongly Bullish
tendency. It is this feeling which would induce rnsq.
to pay even a larger rate of interest, and the 13a1.'"•
broker having appeared again as a buyer directly tn°
market opened, caused it at once to assume an elast'v
appearance. Consols have been 961 te,97it for Transfer'
and 961 and 97 for Wednesday. For January 97i ,
Exchequer-bills have been b3s. premium. The tier
Three-and• a Quarter per Cents. have been 96/ to 91
and the Three per Cents. from 95i rose to 95g. 114 e
Stock has been 2011 to 203.
1 he Foreign S, curities aro looking up again. Spinishr
Five per Cents have been 18k to 161, and the Three Pier
Cents. 381 to 39i. Mexican have touched 282 284 oic
time.. Peruvian have been 53i to 54. Equador t(:)0
has been at 31 to 4, and Vent raela at 29. Brasil
Bonds are firm at 88k. Russian Stock has been 101
Bslgian Four and-a Half per Cents. are 67, and DO
Two-and-a-Half per Cents. 551 to 56.
Railway Shares have been firmer, but with rather I:
quiet mareet. Foreign Shares are also held at reOlg
fuller rates.

0 it. O'CLOCK. cLOSIO
9;;+ •,F .RITISII b UNI)S TRICSSiL
Bank Stock
3 ,:or Cent. Reduced Arms.
ni
per Cent. Consols Annuities 9614% 97 97% -9 8
9f.L
eC,-,Vr 314 per Cent. Anne..
i"
Lo lg Anne. to expire Jan.lB6o -16 84
Ditto, 30 years, Oct. 10, 1859
Ditto 30 years, Jan. 5, 1860 B%
South Sea Stock
onsols for Account ...... .....• 96 97% 91
Exc'.c,.i.wi :Ili 13. lIA d. & 2d 53P
1,0001. June ...... ..........
5001. June
Small June 53,,50 p
.0
PRICES OF FOREIGN FUND& ONE OLOP.„'-01.
O'CLICit. vac' 5
Brazilian Bonds 83% SS
89
Ditto, Small
4
Equador Bonds
..-•
Grenada Bonds, 1 per Cent.
Ditto Deferred -
Mexican, 5 per Cent.lB46, with Coupons--
Ditto, Ex Jan. Coupons . . 28%54 28t
Ditto, Account
Peruvian-Bonds, 4 per Cent —
If '.‘
Ditto, Account
lt3
Ditto, Deferred
Russian Bonds ..« 10.%
e
l
Bpanieh 5 per Cent. 1840: IB,E IP%g,
Ditto, Account
Ditto, Passive.... 33i 354
Ditto. 3 per Cent ...
Ditto, Account •••••• 39W 990
Venezuela Bonds, 21ai per Cent ... 29
Dividends on the above payable in London. 0
Beligan, 4% per Cent. ........ ...... 87 664
hutch 2% per Cent., 12 Guild. .. 56 55 64
Ditto. 4 per Cent. Certificates... 83% % 84 NCI
PRICES OF pm,. BUSINESSAT O DONE crLsOiSci•lo,
hAtLWAY SHARES. O'CLOCK. 13
k berdt en 5O ... 13 diO'

Do. Preference -
Amber. Nott., Boston,
and Eastern Junction 63/4 ......
Ayrshire and Galloway.. 7th —
'3elfast & County Down 28
Berks & Hants Extens.
(Gt. West. Per. 5 per ct.) 6
Birmingham and Ox-
ford Junct., calls duly .
paid, or with a guaran. 20
Do, without guarantee 20
Birming, Wolverh'ton,
and Didley, calls duly .
pd, er with guarantee 10 .. ...
Do. without guarantee 10
iirming.,Wolverhipton, .
and Stour Valley 131. 14s ... .. .
Birkenhead, Lancashire,
__ .

and Cheshire June-- 20 - .....
Bristol and Exeter 9O ......
Ditto, Thirds ..- ..... 27% — .••.........•.
'mckinghamshire
Caledonian
Ditto, New 101. Pref... 10
Ditto,Clydesdale June 50
hester and Holyhead... 50
•••••• .........404
Ditto, Preference~.... 15
Clarence
.....
Do. let Class, 6 per Ct. 10
....
Do. 2d Class, 5 per Ct. 10
Do. Government Loan, ••••
4 per Cent.
Direct London & Ports- - ••••
. .

1171

mouth _ 514 00000000 ..•••
Dublin and Belfast June. 40 — ...............
...,
)undalk & Enniskillen 274 — .. ...........
fast Anglian, 251., L. & ..--
E. and L. and D. ... 25
Do. 18/., E. & IL.. 18 - ..... ....-
Do., 31. 105., Pref... 34
Ditto, 71. 175., 7 per .... _
!';
,
Cent., Preference... 2 .
astern Comities— ..... 20
Do. Ncw,Gua.6 per ct. 10
Ditto,Extension, 5 per .....
Cent., No.l 61.135. 4d.... ... ........... '
Ditto ditto, No. 2...61. 13s. 4d... .........
Do. North. & Eastern, ---
6 per Cent.
Ditto. 5 per Cent
..
...... ~.
Do. New - ••• ........
eastern Union, Class A ....
(late E.l. Shares) 25 - ............... .....
Ditto, Class A, ditto... 6 - ......... . ..... ,---
Do., Class B & C
DQ! Scrip (6per cent.) 2025 ..
..
.... : ; ............... ... .......... 1111

FREE.

rday was
ted. The

1,500 on
d busirefis

id at fu 1

shire iron
re Gazetie

the ntw
ron trade.
to declare
-elinsinary
l in what
,ted bustle
era of pig

material.
a colliers,
ces and in
pd higher
have been
n wrought
ing terms. '
d for iron

many of
I supplied
. During
ut -limited
;lected for
ns of the
for these.
a recovery
lty ; hence
.s of Staf-
)ntracts at
merchants
decidedly
?, as calm.
and pro-
ve reached
nouth and
11 for any
rare there.
t has been

improrf-
: works in
progres.
attention
apital, and
perience of 10
endency of
,that would
r upon its

t would be
Is probable
ed in al-
the event
of demand
fledged on
the cost of
,lue of iron
ages are, it
Is mandate-
ts bare cost

Mon of pig
'neilities for
at present
the sample
ompetition,
inguine
;lieh iron in

at trade gs-
ial market'
ctionists of
the possibt•
'ported into
being sadly
opold leans
'he Belgian
Ss. on wheat
.he assumed
>of that our
n their own.
atea that et
as was done
made on
Cents. were
At Vienna
d at Berlin,
Dents. were

d clerks ire
tion of the
labour tbei
illowed orY
the day.l.
le necess►tY
become Wl'

inounced
promote,l
Q that wil
rs and ensile

'ublic Sect!'
a market 1°
fire recover,
r, occasioned
ing betvreett
reality, frail
to at the
ation " t°
no less
Ingly Bid/0
nduco
11 the 13soi
directly th°
no an elastie
for TranPrefg
nuary 971 1'
The Neer
961 to 971'
96g. 134"

ain. Spinlsll
he Three Per
282 284 61r
trader bt°‘'.ll,
29. Br's'
s been 1091'
and Dams11

rith rebel' 11
Ad at reth4"',

cLosli' a
ritICSSI 'it
20,s
984,L
97% 97;
07 ,
8 9-i"
BIA
8%

4 53P
53 P
50 P

040
oLO., fg.
as

14

...-0 4
21111

If
1 1016
5351.4
3971,
990

adon. SI,/
66 5
64
84
Nz coslg
,CK. rille 3
1

0

......

1...... '

I 00000 •

.. .....
...,
. ...... ,4
, ...... /6
.....• obj
I •• •• • 81/4

.......
~..
.. ..... 104
.......
.....

. ...... ,_.

I ......

, ...... /

. ......

1 ...... '

/X
,%•i'

..,"

I ...... 55

, ...... ..

• :

....f