The Sun.
London, England, 1849-04-20 00:00:00

. •

,MONEY and COMMERCIAL ,NEWS

CITY, QUARTER TO THREE.
The sales of Cotton at Liverpool yesterday were esti-
mated at from 4,000 to 5,000 bales, including 500 for ex-
port, 4,000 American went at 3d. to 6d., and 150 Surat
at 3ed. to aid. per lb. The market closed heavily at
previous rates. The market for Railway Shares was
extremely dull, and prices were again lower.
The mails from the Continent furnish the latest quota-
tions for stocks, &c. At Amsterdam on the 18th there
was not much doing in the Dutch funds, but
prices wero supported. Spanish closed much
the same, Portuguese were slightly better, and
there was a general firmness in Foreign Secu-
rities. At Antwerp on the 19th Belgian Four-and?
a-Half per Cents. were 824. to The nsarket was well
supported, and in Spanish Bocds a good deal of business
was done.
- _

The Hamburgh mail brings advices of such vigorous
preparations by the Germans against the Danes that the
latter would appear to have very little chance, and
although Russia protests against the occupation of Jut-
land, it is not believed that she will actively inter-
fere, for the German party desires to con-
quer a peace rather than to occupy Denmark
Proper. There had been a rumour that the Russians
had stopped its merchant vessels in port, in order to
take them up for the conveyance of troops, but this
statement is doubted. The rate of exchange at Ham-
burgh last Tuesday was 13 84. Not much was doiug in
bills generally, but short dated paper on London was
wanted. Money was abundant, and funds and shares
were in demand and higher. The Germans were in•
viting young seamen to enter their new naval service.
At Copenhagen on the 14th instant the Stock Market
was quiet. The Three per Cent. English Loan was
quoted 624 to 63. The crews of the captured German
merchant vessels were told, it is said, to consider them-
selves prisoners of war.
The letters by the steamer from America were de-
livered this morning, and they serve to correct the im-
pression produced by the statements given in some of
the papers as to the very low rate at which 'bills on
Eoglaud have been sold. No doubt there was a
larger supply of bills, but for those of first-clasi the
fairer quotation might be considered to be 105 to 106.
and it is stated that for the Niagara steamer the
quotations were even higher. Produce bills are always
done much lower than those of a different stamp,
the names of the parties concerned not being well known.
Still we are quite prepared, after due consideration of the
matter, and upon the reliable information which we have
obtained from private sources and from practical men, to
see a further exportation of gold from Europe to the .
United States. A large supply of corn will be sent from i
the interior, and as a good deal of the Californian gold
comes in direct to England, it forms the basis of a kind
of arbitration of the exchanges from some of the United
States ports. In this way we are likely shortly to recelie
more gold from San Francisco, at the very time that we
are shipping small amounts to New York. Such a
movement will correct itself, but upon the balance of
trade will depend whether we shall have specie remit-
tances to make after we cease to receive the precious
metal direct Irom California.

The following are very interesting details upon trading
affairs at New York:—

"It will be perceived by the manifests of our packet
ships from Europe, particularly those from Liverpool,
that the quantity of light goods arriving is small. W bat
is very unusual at this season of the year, packets ar-
riving are loaded with heavy freight, such as coal, iron,
&c., which is an indication that the bulk of the im-
portation has been received. This is a favourable .
feature in our foreign trade. as it not only in.
surea a steady reduction in the Government
deposits, but will prevent any advance in
the rate of exchange, and turn the tide of precious metals
this way. We do not wish to see a large importation of
specie from Europe, but the larger the importation from
California the better. The receipt of three or four -
million of dollars worth of gold or silver from England,
would have a good effect there, and it would, doubtless,
be permanent, but an importation much beyond that
amount would create a state of things here calculated
to do more harm than good. It would tend
to inflate prices for our own products, se that
our exportations would be checked, and inflate
prices for foreign manufactures, so that foreign
manufacturers would find a market here for their
fabrics at rates sufficiently remunerating to give a
great impetus to importations. This is usually the effect
of a large importation of specie, and we generally hare
not only to disgorge all the specie imported, but have to'
draw largely upon our staple products for payment of
the balance against us."
The Canada accounts create some uneasiness, but will-
certainly not surprise those who have perused the au-
thentic information given repeatedly of late under this .
head from private and exclusive sources.
The Mexican accounts are not of interest.

The Corn Market is steady to day, but not much is
doing, the arrivals of foreign being large, viz., 16,000
quarters of Wheat, 16,000 quarters of Oats, and 50,000
quarters of Barley. At Liverpool Indian Corn has risen
materially.
There has been a dull market for Public Securities,
but the market does not fluctuate much, and looks firm,
all things considered. The explanations last night
given by Lord Palmerston as to the state of things in
Turkey, and the announcement by Lord John Russell '
that negotiations are still going on with Denmark, hare
served to strengthen prices. Consols have been 91i to
92i, being now at the highest of those values. Ex-
chequer-bills realise 44% to 475. prem. Bink Stock has,
been 192 to 193§ , and India Stuck 245 k. The New
Three-and-a. Quarter per Cents. are 91§
£ho Foreign Securities are btill very quiet. Spanish
Thrt • per Cents. 323 and Portugue.e Four per Cents.
28§ to 293. Brazdiati about 79f. Mexican 291 to 301.
Dutch T.t. and-a-Halt p. r Ceuta. are 50i
Shares have been quiet, but Eastern Counties, Brigh-
ton, No th• Western, and some others aro better, while
Caledeniau have risen 11. Great Northern are firm.

ONE

•.:,. Eh 4,F 441t1T161.1 VUNDa4 4 et•LOrK.
Bank Stock
;,or Cent. Reduced Ar.llB ......
3 per Cent. Consols Annuities 91% 92 i
Sew 31A per Cent. Ann 5...... • 91434 'A
~.ongAnns. to expire J aa.1860 -16 8%
Ditto, 30 years, Oct. 10, 1859 -16
Ditto 30 years, Jan. 5, 1860 B3/4
India Str.ck
India Bonds, 1,000/.
Ditto under 1,0001... ...... .......
South Sea Stock
Ditto Old Annuities
Console for Account 921,‘, 92 .
xchequer Bills. I%d. &4.2 d.
1,0001. June ..... ........... 44 47 p
500/. June ............
Small. June

CLONING
PRI'.
192
95%

}”i
$ 5-16
245%
67 p
70 p

PRICES OF FOREIGN FUNDS. aCLON
O'E CK.
Brazilian Bonds
_

CLOSING
FNICEs.
79%
78
37i
3X

Ditto, New, 1829 and 1839
Equador Bonds
Grenada Bonds, 1 per Cent.
Ditto Deferred
Greek Bonds

Ditto ex over-due Coupons —
Mexican, 5 per Cent. 1846 ......
Ditto, Account... ..... . ......
Ditto, Ex Coupons
Peruvian Bonds, 6 per Cents 66
Portuguese 5 per Cents. —
Ditto, Converted, 5 per Cent —
Ditto, 4 per Cent —
Russian Bonds ...
Spanish 5 per Cent. 1840.
Ditto, Account —
Do. ..., 1848
Ditto, 3 per Cent
Ditto, Account —
Dividends on the above payable in London.
Belgian 4% per Cent B4 94
Dutch 2% per Cent., 12 Guild 501,,( th 50%
Ditto. 4 per Cent. Certificates .7714% 77%
PRICES OP ?AID. BUSINESS DONS CLOSING
RAILWAY SUARES. AT 081. O'CLOCK. PRICKS.'
Aberdeen 5O —
Do. Preference
Bit ruing, Wolverh'ton,
and Dudley, calls duly
pd. or with guarantee 10
Buckinghamshire ... 161. 4s.
Caledonian
Do. Quarters .... ..... 1214 6l,x ...... ........ 6!,4
Do. New 101. Pref..... 10
Chester and Holyhead... 50
Ditto, Preference l5 ......
Eastern Counties....... 20 ......, 814% B%
Do. New Guaranteed
6 per Cent..
.....
Do. North. & Eastern 50 - ••
5214
Ditto. 5 per Cent.... 50 ...... 521,‘
Great Northern
Do. Extension 2% l% .............. 25i
Great Western 100
Ditto, 'A Shares ...... 28 - --••••••
....
..
..
..
... . 11
London et Black wall 12% ...... ....
'z.onuon, Brighton. and ~,,ii
....
: ..
:113:1321,4 ......... :39621116:
cent.Di6tpu,etrh NewC° a
54.. guar.. .*
505
.4.d....... —__
21
1114314 ~, lll4
if.4,oDDDaniditttootototonn.:FNpiftdderewG:sfer(2.re.ewe.:.nar.ca"ew:tit.-ecen2.....rh:...i.12200/
01257 a
..... 8
....
.. 8
Do., New Scrip, 1848, ...... DO II
Pref. 7 per Cent. on
Deposit, and 5 per
"IlDiettho:B,3:tr.:iolll. 101.6,Pa.rffir.e.seef:: 122055
.......... 1_150531.14..1.1. ".
..."
11;54::
Mic Clltal.:::.,0500 . 74% 7614... 74%
•.......... 75
N IDr t()17
Ditto, Quarters , 614 3%114- .. 814
North Staffordshire 17% 13% 13%
Shrewsbury and Birra... 11 ...... 6
South Eastern
South Wales 33 ...... 11 ... .. ...... ... 15
York, Newcastle, and
Berwick. ...... ......
Do. Newcastle Exton, 20
Do. G.N.L.Preterence 8 ..... 6A% GI4
York and. North Midland 50 .....39,4 4u 39 40% 4054
Ditto, Preference
Do. East and West Rid-
ing Extension

30%
VI

2814
104%
17%
1734

32%
32%