The Sun.
London, England, 1847-09-14 00:00:00

agricultural interest to be neglected, and the con-
sequences are manifest.
4- The sudden fall in the price of bread stuffs has
created a sort of panic among some of our merchants
who had speculated largely in these articles, but no
serious loss is, we believe, likely to occur but what
they are well able to meet.
" The crops throughout Canada, with but very
few exceptions, promise well; all fears of anything
like a failure are now over."

COMMERCIAL INTELLIGENCE.
(From the Courier and Enquirer.)
NEW YORK, AUG. 31.

The new steamer Guadalquiver reached here on
Sunday in a short run of less than 15 days, bringing
us intelligence ten days later than the Cambria 's
news.

Its import is, so far as low prices for brea istuffs,
a money panic in London, and numerous failures,
were concerned, was little relished, and the arrival of
the mail steamer, which was to leave Liverpool on
the 19th instant, and which will bring both later ac-
counts and full mails, is eagerly expected.
The money panic, except as it tends to diminish
prices, especially of cotton, which under the circum-
st inces it is thought should rise if the money market
were easy and settled, has little influence here. The
failures reporte.l may be more significant, as endan-
gering a large amount of bills drawn against some of
the parties. But there are so few letters by this
transient steamer that all here is uncertainty as yet
about what is to be the real effect of these failures.
The favourable account of the European harvests,
and the large arrivals which still poured in, of grain
and flour, into England, inducing a further decline of
flour in Liverpool, have had little or no effect here
to-day. The quotations for flour are firm at rates as
before, and actual sales at those quotations, in small
parcels for home consumption, have been made.
The stock on hand is small, and the arrivals by
the canal are diminishing; hence the firmness of
the market.

India corn is not gathered till October and No-
vember.

Exchange on England has been more affected than
anything else by the news from Europe, and the
quotation for sterling bills to-day is 71- to 8. On
Saturday the best bills could be bought at from
61 to 7.
Our money market is steady and active, but not
pressed. Loans on call are readily obtained on good
security at .51-, and the general rate of interest is 6 per
bent. The banks are fully employed, and extended
for the most part to their limits. The importations
are large, and consequently the duties are so too, and
as these are now paid wholly in specie, Treasury notes
being at a premium, the banks are kept in constant
check by the drain upon their coin, which is immedi-
ately removed from their vaults to those of the Cus-
tom-house. If paid out again here, where by far the
largest proportion of the duties are collected, this coin
would soon find its way back again, but inasmuch as
it is sent on for the most part to the south for the use
of the armies, its withdrawal is a source of alarm to
the banks—and as Exchange on England tends up-
wards, and thus forbids the expectation of further
supplies of specie from that quarter, the operation of
the sub-treasury upon the banks and upon the currency
becomes injurious.
The rise in French Exchange, if it should go a
little higher, might lead to the exportation of coin,
which can be made with advantage when the rates
are at from 5 25 to 5 27k—and they are closely
verging upon that.
The general trade of the country is most prosper-
ou.. Importations pay well, and all business but that
of the speculator in grain is flourishing.
The stock market is not active. Treasury Notes
bearing 6 per cent. and convertible into 6 per cent.
stock of twenty years, are now at 3i- to 4 per cent.
premium, after having been as high as 8 per annum.
This arises partly from the great demand for money
occasioned by a full and prosperous fall trade, and
partly by the well founded apprehension that a new
issue of Treasury Notes, or a new loan, will be re-
quisite to meet the large war expenditures, of which
no end is yet seen.
ONB O'CLOCK, P.M.—The Stock Market was rather
heavy this morning, and the transactions limited.
Treasury Notes, Sixes, closed at 1031.
Exchange on England and France has been in
brisk demand, and the market closed firm at the fol-
lowing rates :

FOREIGN EXCIIANGES.
On London... .. lO7l to 108

Paris
Amsterdam .......... 39i
Hamburgh . . 3.5 f to 351
Bremen
Cotton—The market is quiet, and upon the whole
prices are rather in favour of the buyer.
Flour, &c.—With light receipts the market continues
firm. Sales of Genesee have been made this morning
at 5 dolls. 75c., and of Ohio and Michigan at 5 dolls.
50c. to 5 dolls. 621 c. Wheat, corn, &c., remains
without change in price.
Provisions—The market is dull, and former prices
barely supported.
Ashes are firm. Pots, 5 dolls. 25c., and pearls 8
dolls. per 100 lb.
Whalebone-16,0001b. of North-west was taken
for export at 32c. cash.