The Sun.
London, England, 1849-04-02 00:00:00

MONEY and COMMERCIAL NEWS.
CITY, QUARTER TO THREE.
There was a moderate demaLd for Cotton at Liverpool
on Saturday, end the market closed firmly at previous
rates. The sales were estimated at 6,000 bales, and
comprised about 5,000 American at 3;7.1. to 61d., 100
Bahia at sd. to 54d., and 300 Surat a; 3/d. to 3lid. per
lb.—ln Railway Snares a lair business was done.
There is a large number of ship arrivals to-day, but
the date of the accounts which they bring is generally
not so late. We observe that there is specie on board
some of the vessels, and, among others, from the Cape of
Good Hope.
The market for wheat has been steady at about last
Monday's prices, except as regards inferior foreign,
which may be quoted rather lower. Oats have been ls.
to 2s. cheaper, owing to the large arrivals.
Private letters received this morning by the Hans-
burgh mail state that although there had been no
official announcement on the subject, it was the confident
impression, in well-informed quarters, that peace would
be concluded between Denmark and Germany. The
rate of exchange at Hamburgh was 13 84, and the price
of gold 437.
The following is part of a statement upon the Staf-
fordshire iron trace furnished in Aris' Birmingham
Gazette :
" The preliminary meeting of the South Staffordshire
district was held at Dudley on Thursday last, and most
numerously attended, scarcely one house recognised as
belonging to the meeting being without its representa-
tive. A very full and impartial discussion of the posi-
tion and prospects of the trade ended in the gratifying
result of an unanimous determination to uphold the ad•
vance of 20a. per ton partially declared in February last.
The puddlers and other workmen engaged in the im-
mediate manufacturing of iron will also participate
in the improvement. It was decided to advance the
wages of the farmer sixpence per ton. We are happy
to learn that there is every disposition among the Lon-
don dealers and large purchasers generally to do busi-
ness upon these terms. The Shropshire trade also
coincide in the advance, and it will be determinedly
carried out in the transactions of the ensuing quar-
terly meetings. Indeed, with the high prices of pig-
iron, and the rate of wages now to be
paid, it is no longer a matter of option, if
any, even the smallest remuneration for risk and capital
is to be obtained. The tone of business has also become
more lively since the decision of the meeting has been
known, confidence and activity are reviving, and we
think there is every. reason to anticipate the full usual
amount of business in store for our local meetings, which
will take place on the customary days of next week,
the first being at Walsall on Tuesday the 10th inst."
Messrs. M'Nair, Greenhow, and Co., 0., of Manchester,
write as follows:
" Prices generally have undergone a material decline
as respects the value of certain descriptions of both cloth
and twist. The tendency is still downwards, prices
becoming very irregular, arising from the continued
existence of old contracts and the disposition of spinners
and manufacturers who are disengaged either to effect
sales or to enter into new arrangements. Stocks so far
have but in very few instances commenced to accumu•
late; and though the aggregate transactions of the
month are large, they must he considered chiefly as the
results of previous contracts, as purchases made during
the month have been limited to existing wants, in expec-
tation of declining prices."
In the Bengal Hurkaru, of February 233, there is a
curious paragraph stating that Shere Singh had re-
treated, without the loss of a single man, across the
Jhelum. The editor concludes thus:—" We have every
reason to rely upon the correctness of the information
which we now communicate."
The mercantile advices from India are very favourable,
and the impurts of goods were not large.
The Amsterdam Bourse on Saturday, was in a more
favourable position fur home stock, and Mexican also
were in more request.
At Frankfort, on the 29th of March, the Austrian
Funds were supported, but there was not much doing in
other securities.
The English Funds have been extremely animated,
and the improvement upon Saturday's prices has been
per cent., although there has been some fluctuation,
and the rise is not maintained at the time of our writing.
The very favourable news from India, the announcement
that the revenue returns will show an increase of in-
come, and a surplus on the year, compared with the
expenditure, and the hope expressed that the
renewed Danish armistice will result in peace,
have all tended to inspire confidence, and to discourage
further speculation for a fall. Consols have touched
931 j for Transfer, and 931- for Account ; the later
transactions having been, however, at 92* to I and 92/ to
92j. Exchequer-bills have been 41s. to 445., and India
Bonds 51s. premium.
In the Foreign Stock Market there has been a good
deal done in Mexican Stock, though up to the present
time there have been conflicting rumours as to the
nature of the correspondence received, some parties
affirming upon hearsay that it will be good, while
others, who profess to be equally well informed, maintain
the reverse. The Committee of Spanish American
Bondholders will not publish the letters until after
Stock Exchange hours, as they have the requisite
copies to make. Mexican Stock has been 304 to 31i j.
Peruvian are 66i. Brazilian have been 784 to 79 ex.
disc Spanish Five per Cents. are 17 to e, and the
Three per Cents. 30 to 4. Buenos Ayres have been at
40. Portuguese Four per Cents. arc 28* to 4. Dutch
Two- and•a-I lalf per Cents. are 49i to 50.
Railway Shares generally are better, being favourably
influenced by the Funds. In some lines there is a de-
cided improvement.

CITY, THREE O'CLOCK.

We have just seen the Mexican correspondence,
which we have only time to sum up. Messrs. Manning
and Mackintosh, under date of February 12,
state that they were not aware whether the
Calypso had on board any amount for the
dividends, and that the Mexican Government had
ordered 97 per cent., instead of 71 per cent.,
of the Six per Cent. Export Duty to be
applied for the bondholders. For the cotton
licenses Messrs. Manning have not yet been able to meet
with purchasers, as the duty on the article bas been re-
duced, and may be more so yet, in which case possibly
the Government may grant some indemnity.
Fur the 500,000 dollars of the indemnity money the
Government will appropriate to its own use an equal
amount of duties. The indemnity money is expected to
be received in May next at latest.
The payments from the tobacco monopoly were to
commence in last month (March).
In January the duties did not exceed 60,000 dollars,
and Mr. Glass, at Tampico, had already paid the Mexi-
can Government in cash and bills 64,809 dollars.
Mr. Robertson was at Vera Crux on February 10.

o,k, .../AirANG
flu, r, Or RETISR FUNDS. O'CLOCK koRICLS
3 per Cent. Consols Annuities 93141/i% 92% 92%
Ditto under 1,000/. ... ......
Bank Stock for Account, - 198
Consols for Account 93%VA 92% 92%
xchequer Bills. 11/0. & 2d.
1,000/. June
500/. June
Small. June
PRICES OF FOREIGN FUNDS ONE
O'CLOCK.
Brazilian Bonds
Ditto, New, 1829 and 1839 ...... 771/e 79
Buenos Ayres Bonds, 6 per Cent 40
Danish Bonds, 1825, 3 per Cent...
Ditto, 5 per cent. Scrip, 1849.. Bi.
Mexican, 5 per Cent. 1846......... 301 h 3114 3i k„
Ditto, Account .... 31 30% 31 31 3114
Peruvian Bonds, 6 per Cents......
Ditto, Account 66th
Portuguese 5 per Cents.
Ditto, 4 per Cent 2814 281,E
Ditto, Account . 281;4 28%
1 Spanish 5 per Cent. 1840.
1 Ditto, Account . 17% 16%
Ditto, 3 per Cent
. . ,

CLOSI
PRICES.
79 xd

Dividends on the above payable in Londou.

Dutch 214 per Cent., 12 Guild.... 50 4914 4914
Ditto, 4 Per Cent. Certificates 773,4 78 x d 78 x d

PRICES OF n BUSINESS DONE CLOSING
RAILWAY WARES. "a-- AT ONE O'CLOCK. PRICE'.
kberdeen 50......,.. 17
l 13/4xi3A 14 241/4
dis.; l3/4 dis
Do. New 101. Pref..... 10 ..... 12%,2 .....
.jhester and Holyhead... 50 ......
auicekdionngihanamsh
.......... ..
.... .... ...
241)42
—,
Ditto, Preference l5 ...... 1:,
East Anglia, 25/., L. &
E. and L. and-D..-.... 25
Eastern Counties....... 20 ...... 91/4 Ai
Ditto, Extension,s per
Cent., No. 1 61.135. 4d....
Do. North. & Eastern 50
Ditto. 5 per Cent.... 50
Do. New 43 —
Eastern Union, Class A
(late E. U. Shares) 25
Do. Scrip (6 percent.) 20
East Lincolnshire ...... 25
lir reat Northern
Do., !Ai A Deferred ... 124-- 5 —
Do., %B 6 per Cent— 7% • 6%%
Do. Extension 2% l% %
Great Western 100
Ditto, % Shares 5O ...... 48
Ditto, 4 Shares
Ditto, Fifths .....
Ditto, New 171........ 15 ... .. 13%
'lull and Selby .. ...... 50 ...... 99Ve
Lancashire & Yorkshire 93 -.....—
Ditto, ditto ............ 86 ••••• ••• • • •
Do. Fifths... ........ .... 10
Do. New,Gua.6 perct. 10 ...... 11%
Leeds and Bradford
London &Blackwell__ 12% 5l/2
London, Brighton, and
South Coast
London and N. Western 101)
Ditto, New Quarters.. 7 ...... 13% 12
Ditto, Fifths ..... ... 2 .....• 9% 9 •••
Do. 101. (M. & B.) C. 1 ..... 'RI liii
Lon 4. &S. Western 5O ...... 37%
Do.. New Scrip, 1848,
Pref. 7 per Cent. oss
Deposit, and 5 per
Cent. on Calls 5
Manchester,l3uxten,and
Matlock 4%.
Manchester, Sheffield,
and Lincolnahive 100
Ditto, New 101. Pre_ 10 —
Midland ... ... . 100
Do., do., 50/. Shares .. 25 ... .. 17' 17 171/4
Do. Birm., end Derbyloo
Do•Consol. Bristol and
Birming.,6 per et,....100 ......121
Newmarket
North British ........ ... 25 ...... 113/ ..
Ditto, Quarters
North Staffordshire 17% 14%1/4
Royston and Hit-....hin ... 31/2 3?
Scottish Central ...
Shrewsbury and Bins,... 11
Ditto ditto, Clan B. 7
Shropshire Union
3 )uth Devon 5O ......
South Eastern
Do., liegittered No. 4 10 ...... 7% ......... t.

IA P