The Sun.
London, England, 1847-06-07 00:00:00

MONEY and COMMERCIAL NEWS

CITY, QUARTER TO THREE.
The Cotton-market at Liverpool on Saturday was firm.
Sales, 3,000 bales. American, 2,500 bales, realised 6d. to
73/4d. per lb. ; and Surat, 4d. to 4%d. per lb. Railway shares
were firm, with a tendency to advance. Heavy stock was
in good demand.

Wheat is up Bs. per quarter, some say more, in Mark-lane
this morning. The quantity brought; to market is small, and
such of the holders of home grown as are known to have
large quantities in hand still evince a determination to defer
sales.

Later accounts have come to hand from the Cape
of Good Hope, viz., to April 6. There had
been no fighting on the frontier up to the latest date ; but at
Natal Umzimculu had been defeated with decided losq, by
the settlers. The plan for the campaign against the Kafirs
was evidently being laid in a very business like and steady
manner, so as to strike the enemy, when we do begin, with a
due sense of our power and resources.
There were complaints of the scarcity of money at Cape
Town, and the Governor had been requested to permit
commissariat drafts to circulate as a legal tender. His Excel-
lency declined, however, and stated that specie would no
doubt shortly be received out.
A failure which has occurred in the sugar trade is not
expected seriously to affect other parties, because, although
the debts are between 40,0001. and 50,0001., the assets will
cover nearly the whole amount.
The following is a satisfactory statement from Aria's Bir-
mingham Gazette, upon the subject of the iron trade :
" Though this improvement will necessarily have less im-
mediate effect upon the iron trade than many others, yet it
has participated so slightly in the general depression, that its
interests will not remain unber.efited. Prices have all along
been well maintained, and if the ironmaster's capital has not
realised so liberal a per tentage of profit as formerly, and, as
in the opinion of some, might again have been obtained at the
close of the last year, still a steady remuneration has
been returned through the increased quantity of business d
and the punctuality with which payment has been obtained.
Thus provided with the means of meeting present necessities.
and influenced by the better tone of feeling in the com-
mercial world, as well as the encouraging prospect of fur-
ther improvement, few would be found disposed to undersell,
eve❑ should the briskness of demand be suspended till
the renewed activity in railway enterprise again calls
forth the full energies of the trade. But if, on the
other hand, any considerations of our relationship with other
countries and the state of foreign competition, should force
upon us the policy of a temporary reduction, the low prices
of provisions which will follow an abundant harvest will
aflord an opportunity for such an equitable adjustment of
wages as would ultimately prove rather beneficial than other-
wise to the interests of the trade, and might be establised
without exciting bitterness of feeling among the work-
men, or distress in their families. The limestone getters,
who were standing for an advance, as we ventured to predict,
have already seen the unreasonableness of their conduct, and
have returned to their work. The arrival of orders has not
varied much during the last month, and sufficient are now
on the books, and on hand at almost every work, to afford
full employment for a longer period than is generally the
case at this season. A rumour had reached us that the
chain-makers in the neighbourhood of Dudley and Stour-
bridge are endeavouring to enforce higher wages; but an
understanding has been entered into between their masters
and the merchants that their demands shall be resisted—the
wages now given being more than thirty per cent. higher
than they were a short time since."

There has been a flatter market for Consols this morning,
as usual, when corn takes an upward course. The business
done has not been large, but prices range about % per cent.
lower than on Saturday, and there have been a few money
sales. Consols for transfer have realised 88% to 87%, and
for July 88% %. Exchequer-bills have been 6s. to 4s. pre.
mium, being firmer. The New Three-and.a.Quarter per
Cents. have been marked 88% %, and the Three per Cents.
863 to 87. East India Bonds have been 3s. premium for
those of I,OOOJ.

In the Foreign House transactions have been again very
limited. Spanish Five per Cents. have been 22 to 21%, and
the Three per Cents. 33% 1/2. Portuguese Four per Cents.
have been quoted 32. Grenada Bonds were at 191/2, and
Venezuela, 38%, Russian Stock brought 111 ; Belgian Two-
and-a-Half per Cents. were 52:-ri ; and Dutch Four per
Cents., 891/2.
The business done in Railway Shares has been limited, and
prices have gone back a little with the funds, although sellers
do not press upon the market.
BRIT:SD FUND:, ONE CLOSING

O'CLOCK. PRICES.
Three per Cent. Reduced Annuities .. 86% 87 86%
Three per Cent. Consols Annuities 88,/g 88 87% 87%
New Three-and-a-Quarter per Cent. Anna. 88% 88%
New Five per Cent. Annuities .. 113 113
Long Annuities, Expire Jan. 5, 1860 .. 9 1-16 8 15-16 8 15-16
India Bonds, 1,0001. .. 3 p 3 p
Ditto, under 1,0001. .. .. 5 1 p
Consols for Opening, July 16 .. 88%%
Exchequer Bills. t % d. 2d.
1,0001... .. .... 56 4 p
5001
• • •• •• •. 69p
Ditto, Small 8 2 p
ONE
O'CLOCK.

FOREIGN FUNDS.
Brazilian Bondg, 5 per Cent ..

Grenada, 1 per Cent .. . 19%
Mexican Bonds, 1846, 5 per Cent ..
Peruvian Bonds, 6 per Cent. .. ..
Portuguese Bonds, 5 per Cent .. ..
Ditto, 4 per Cent .. • • .. • •
Ditto, for the Account • • .. .. 32
Russian Bonds .. 111
Spanish Bonds, 5 per Cent .. 22 21%
Ditto, Three per Cent .. .. 33 to %
Venezuela Bonds, 2 per Cent .. 383
DividendA on the above payable in London.
Belgian Four-and-a-Half per Cent ..

Ditto, Two-and-a-Half per Cent .. 52U
Dutch Two-and-a- half per Cent .. 58% %
Ditto. 4 per Cent. Certificates .. 89%
Ditto, Bonds .. • • • • ..

PRICES OF
RAILWAY SHARES.

CLOSING:
PRICES.
83%
19!9
20

10%
21N
33%
38

5214
54%
84%
89%

BUSINESS CLOSING
PAID. DONE AT
ONE O'CLOCK. PRICES.

Aberdeen.. ..
Amber., Notting., Boston, and
Eastern Junction -
Caledonian
Eastern Counties .

2%.... 1%.. ... ...
.. 35 .... 29 ..........
20 19%31...... .

Do. Perpet., 5 per Cent. No. 1. 6/. I3s. 4d.
Ditto, ditto.. .. No. 2. 6/. 13s. 4d. 1/4L p....
Ditto, York Extension .. 714.... 6 4 .. • •
East Lincolnshire .... 734 .. ••..• • ..
Edinburgh and Glasgow .. .. 50 .• • .... •• ..
Ditto, Quarter Shares • • .. 12 .... 16
Ely and Huntingdon .. 15 .. 14 •. • • •• ..
Great Northern 3.... 2........

19%
P
P
6%
73A

Do., London & York Extension 2c; .... ..........
Great Southern & West. (Ireland) 30 .... 23% 23
Great North of England . ..100 .... 232 231.... ....
Great Western .. 85 ....113 114...... .
Ditto, Half Shares 50 .... 67% 68 ......

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