The Sun.
London, England, 1849-12-25 00:00:00

fiscal year ending June, 1851, are placed at 51,000,000
dulls., including 7,000,000 dolls. fir the payment of in-
terest on the public debt, the indemnity due to Mexico,
anti the expense of taking the census ; whilst the re-
ceipta are eetimuted at 35,C00,000 dolls., a deficit
of 16,000,000 dolls , which will have to be met either by
a loan or an issue of Treasury notes. Should the former
course be pursued, there is no doubt whatever that a 20
year six pGr cent. loan, with coupons would instantly be
taken at par. Tho uncertainty of the action of Con-
gress in this matter has, however, but little effect upon
the stock market. The demand for Government securi-
ties, both for home and European account, is good, and
the amount offering small in consequence of the transfer
books being closed until the Ist of January. We quote
6's of 1856, 1064 to 807 ;_ 1862, 108/ to 1084 ; 1867 and
1868, 1104 to 1114; bonds of 1868, with coupons, 112 to
1121, and s's of 1853 at 991 to 100.
The stock; of the state of New York are firm and in
request at quotations. 300,000 dollars of this steak,
being the amount of the loan to the Delaware and Hud-
son Canal Company, is due on the Ist proximo, and
wilt be promptly paid, as the company are already pro-
vided with funds for that purpose.
Pennsylvania, Ohio, and Indiana stocks have been
sold more freel of late, and prices have been firm.
There is not much inquiry for Alabama bonds at i
present.
_ _

- The export of specie to England has ceased, and rates
have fallen to par. On Friday last the steamer Crrsent
City arrived with part of the gold brought by the Cali-
fornia steamer, which left San Francisco on the lst of
November, and on Sunday the steam-ship Ohio reached
here also with a considerable amount. It is estimated
that these two vessels brought 1,400,000 dolls. to
1,500,000 dolls. in value. Even with the monthly addi-
tion to our stock of precious metals, it is problematical
whether we are not losers in the end, as, for every
dollar received in gold, we send back five in ships, car-
goes, stores, outfit, and money. It is calculated that
there are now 25,000 people at the mines, and that
3,500,000 dolli. per month is gathered. The total ex-
port up to the latest advises was estimated at 20,000,000
dellam

Cotton—For some time previous to the arrival of the
Europa the 'market was quite dull, and her accounts have
unsettled prices; holders are now generally willing to
concede 1 of a cent decline, but buyers demand a re-
duction of act nt, and the consequence of this position
of the parties is that the sales for the last two days are
o:,ly a few hundred bales at to 4of a cent decline, and
to this extent we reduce cur notations. The total re-
ceipts of cotton at all the shipping ports are 566,440
bales, against 597.077 to same dates last year; a decrease
this season of 30,637 hales. The total foreign export
this year is 145,119 bales less than last, say 132,295
bales decrease to Great Britain, 4,954 increase to France.
16,567 decrease to north of Europe, and 1,211 decrease
to other foreign ports. The shipments from southern
to northern ports are 25,537 bales more this season than
last; and there is an increase in stock of 65,503 bales.
The sales for the wear ending Bth were 6,500 bales;
and since our last 1,400 as follows:
Florida and N. 0., Mobile,
Uplands. and Texas.
1,000 bales. 400 bales.
Low to good ordinary ... 91 to 91.
9
i to 10
Low to, good middling .. 10 to 101 1041 to 104
Middling fair to fair ... 10i to 11 11 to 11i
Fully fair and fine ... 11* to 11-1 114 to 12
The arrivals have been from

New Orleans
FloridA
Georgia ...
South Carolina
North Carolina

Bales.
1,440
... 280
... ... 697.
2,255

Total 4.677
Total import since the Ist instant ... 14,551
Export from the Ist to the 11th of December,

1849.

1848.

Bales. Bales.
5,085 4,808

Cotton
Export from the United States—

Bales.
Since the Ist of Sept., 1849 ... 226,626
Sam, time, 1848 ... 371,745

Flour-With the increased stock there has been less
business on lower and medium grades, and our quotations
are a trifle lower-the other kinds are firm with a fair
home demand and a quiet market, ranging at 3.50 to
4.25 for uninspected to fine ; 4.62 k to 4.684 for common
state and mixed western ; 4.68 to 5 for straight and
choice state and good western; 5.121 to 5.25 tor pure
Genesse; Canadian in bond, 4.68.1 to 4.75; Southern is
rather lower; Baltimore, Alexandria, Brandywine, and
Georgetown selling at 5.121 to 5.25. Rye flour, 2.814
to 2.871; and corn meal, 2.94 to 3.121.
Grain-Fur wheat there is some inquiry, at about
former prices. Genesse white selling at 1.22 to 25;
good Ohio, 1.08 to 1.121; Canadian in bond, 1.03 to 1.05.
Rye is lower, with sales at 58c to 59c. Barley is firm,
at 60 to 65c. Oats are easier, and bring 46c to 47c for
Northern. Indian corn continues heavy, with little or
no demand for export; old mixed western may be quoted
at 57} to 59c; flat yellow, 58i to 59c; and round yellow
59 to 60. The new sells at a few cents less, but is not
yet fit for shipment.
Iron-The market continues very firm, especially for
Scotch pig, prices of which had advanced about 1 doll.
per ton from the lowest point. We notice sales since
our last of 500 to COO tons of Scotch pig at 20 dolls, to
50 dolls. 50c. cash, and 21 dolls. six months from ship;
100 tons English bar, 38 dolls., six months; 50 tons of
Swedes steel iron, 80 dolls., discount off for cash; and
750 packs of Russia sheet, on private terms.
Freights-To Liverpool we noticed engagements of
1,000 burels, naval stores at Is. 6d.; 100 hogsheads
tallow, 205.; 3,00 barrels flour, Is. 9d.; 2,500 bushels
wheat, on private terms; bacon and cheese, 225. 6d. to
255.; and cotton at previous rates; we heard of nothing
done in corn. To London, 1,000 boxes and 100 casks
cheese, 305.; bacon, 255.; 25 tons furs, 305.; and 400
quarter-casks wine, 255. per tun. To Glasgow, 250
tierces and 100 barrels lard, 255. To Hamburgh, 200
tierces rice, 355. To California, they continue brisk at
previous rates.
Exchange-The business for this steamer in sterling
and francs has been very large, but less than usual on
the other pliices. The market has been more depressed
by sales of the leading houses than by large amounts of
other bills. We emote bills on London Bto 84 per cent.,
but bills drawn against shipments of provisions have
been sold at less than our lowest rate, and our highest
refers only to small amounts; France, short sight, sf.
25c.; 60 days, sf. 27ic. to sf. 284 c.; a large sale of
francs, short sight, is reported at a, lower price than sf.
25c.; guilders, few in the market, sales at 40 to 404;
Antwerp, 40 for guilders; Hamburgh, 35 to 35*; and
Bremen, 78 to 78* cents.

NEW ORLEANS, DEC. 8, A.M.
The sales of cotton on Wednesday, 6,500 bales at
previous rates; on Thursday, 10,000, including mid•
dling, at 101 to 10i; and lair, 1 and on Friday
4,500; sales tor the week, 38,000, and receipts were
49,000 bales less than this time last year.

MONEY and COMMERCIAL NEW 4!.1.
CITY, QUARTER TO THREE.
This is observed P. 5 a strict holiday in the City.

COURSE OF
Amsterdam •• .. 12 2%
Ditto, at sight • • .... 12 0
Rotterdam 12 2%
Antwerp ...... ........ 25 70
Hamburg]) .... —MX. 13 12
Altona. • • ....
Faris, 3 drtys'sight - • 25 45
Ditto, 3 months 25 (15
Ltarssilles ••••••. • .. •• 25 67%
Bourdeaux • 25 67%
Frstnkfort on Maine..., 122
Petersburgh, Sil. Rble.. 37
8er1in...." •.......
Vienna, offec. 11 40
Trieste, ditto.... • • .... 11 42
Madzid •• •• ........ 49%
Cadiz •• •• •• •• •• •• •• •• 49%
Barcelona .• •• •• •• •• ••

EXCHANGE.

Gibraltar • • • • .. • • • • • • • •
Leghorn ........ • • ..•• 21 0
Genoa.. •• • • ...... •• .. 26 50
Milan ..
Venice........
maples ...... • • .... ••
Palermo, per0z........ 121
Messina 1213(
r_Asbon.... • ... ........ 53%
Oporto •• •• .. •.•• •• •• 53k
Rio Janeiro •......... 27
Buenos Ayres
New York,2ldays'aight
Philadelphia .... • • ....

►EICTS OP 1117LLION, TIE OZ.
Foreign Gold in bars .. 43 17 9
Portugal Gold Coin .. 0 0 0
panish Doubloons .. 0 0 0
New Dollars .... • • 0 4 10
Silver in bars ...... • • 0 4 11%

Se-AUs•••••••••••••••,

Our readers will be glad to learn that the Corn
mittees of the Society in Bond-street, and of the
National Society for Protection to British Capital
and Industry, met yesterday, and made final arrange-
ments tor combining and giving full effect to the
energies of the two bodies, by consolidating them in
one grand united confederation under the title of
" The National Association for the Protection of In-
dustry and Capital throughout the British Empire."
In connexion with this subject we are happy to refer
to the able letter from the Marquis of Salisbury to
Mr. Sidney Herbert, on the subject of his emigration
scheme, which appears in our columns of this day.—
Herald

Private advices from Rio de Janeiro have been
received to the 4th of November. The rate of exchange
was 28d. ; and freightage ruled 40s. per ton for Europe,
and 20 to 30 cents, per bag to the United States.
Bueinesi was very dull, owing to the heavy stocks on
hand, and also to the near approach of the close of the
year. The rigid adherence to the new principle of 12
months' credit also caused the dealers to avoid purchases
as much as pessitle, notwithstanding operations at some
prices might have been advantageously concluded. The
shipping lists showed a large number of vessels in port,
the greater portion of which had only recently made
their appearance. Money, which had within the last two
months been plentiful, was lens abundant, and should
the news from Pernambuco continue unfavourable
(fresh disturbances having broken out), it was antici-
pated that capitalists would retire their facilities. A
large amount of acceptances had been forced upon the
market by parties desirous of availing themselves of the
present high rate of the exchange, and as there was an
expectation that it would go higher, every exertion was
b -ing made to anticipate remittances. The produce
market was very firm, arid the prices of coffee were
fully 14 pr cent, in advance of the last quotations re-
ceived from this side. There were still large orders
unexecuted. The stock at the date of nese accounts
wai 60,000 bags. Fine surrior was quoted at 4sooo to
45400 per arroba; superior, 4eooo to 4e150; good firsts,
35900; and reguar, 35350. The date of the departure
of the Crane packet is not given.
THE EXPECTED HIGH TIDES.—Some have laughed
at the prophecy of high tides and inundations on the
29th or ate.h of tire present month. Wo understand,
however, that the itmares•iion on the mind of the public
authorities is not succa as would leave us to believe that
they were of the incredulous mass. We heard it stated,
on very good authority, that in all the public offices in
Eng.leted and Ir land, whose under•ctories are within
reach Of Lilfe high tides, the most ample precautions h,.ve,
been taken to avoid the danger of damage. In the
D,Win Custom house tie verd alterations are said to have
been made. Sugars and other article's, liable to be
damagid by wet, are said to be in process of removal in
anticipation Qf the visiting deluge.—lhiblin Freeman's
Journal.