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

MONEY and COMMERCIAL NEWS.
CITY, QUARTER TO TIII?EE.
The Cotton Market at Liverpool yesterday was flat
at previous rates. Sales 3,000 bales. In Railway Shares
very little was done.

We have various arrivals to-day, but no: e :Wm at-
tention in precedence of that from %erica. It is
natural to advert, in the first e, to the
effect produced by the intelligeno received out
of the failures here which commenced early
in the month of August. The consegni rice appears to
have been an immediate stringency in the money
market, a fall in the prices of grain and flour, and an
advance in the rates of exchange, all movements antici-
pated, but yet more to be developed when the further
disasters which occurred here become known. We have
a hope, notwithstanding, that the mercantile community
on the other side of the Atlantic will stand the shock
much better than the English houses have done.
For a considerable time past the Americans have
had the balance of trade in their favour,
not only as respects England, but Europe, South
America, and other parts, and are therefore the better
enabled to endure present losses. As to the value of
stocks we are told that there had been a falling off of
several per cent, within a fortnight. One writer ob-
serves that—

" There is a vast difference in the position of the
United States and England. The prosperity of the
former never was greater or healthier, while the latter
is almost upon the verge of national bankruptcy. The
termer is rapidly progressing in every branch of in-
dustry, while the latter appears to have reached its
culminating point, and is shaking in the wind. The
resources of the two nations differ as widely as the
eharacters of the people and the geographical location
of each.

Domestic exchanges are quiet. Bills on Baltimore
and Ntw Orleans are at a small premium ; on all other
prices at a discount. There is no movement of conse-
quence in specie, and the supply of current money
tiering for redemption is large, showing an activity in
business, and large pa 3 ments from the interior."
Although we do not attach importance to all the accounts
received, of damage to the Cotton crops, we think the
subject deserving attention. It is stated:—

The . accounts that • now reach us respecting the
appearance of the growing crop, are conflicting. From
a careful analysis of them, we are persuaded that it is in
a very precarious condition, and that its appearance
now, is decidedly adverse to a good yield. From some
sections we hear that it promises well, whilst in others,
they have totally abandoned all hope of making even half
a crop. The plant generally looks well. It was pushed
forward to an unhealthy degree by the rains in July,
but it is large, lung jointed, and sappy ; the forms and
squares are telling from the stalks, and it is not in a
ptuductive condition. Thus tar we have
,no positive
evidence of the appearance of the caterpillar or army
worm (the noctua gosypii), whose ravages usually
commence the latter part of this month, and
continue through the early part of .September,
but we have undoubted intelligence of the pre-
sence of the bore or bull worm—a worm that perfo-
rates the boll, destroying it entirely. These worms are
now at work in the richest cotton lands, in South
Alabama, in the Canebrake on Red River, La.,
and on the bottom lands of South Mississippi, and have
also appeared Lear Columbus and Eufala, Georgia.
Although not leaving such marks of devastation in the
b afless stalks and stripped branches, as manifests the
advent of the army-worm, this enemy does its work
quite as effectually, and frequently proves more dis-
astrous. The one takes the cotton by a bold assault,
the other adopts mining and other appliances of the
siege. Such is the shortness of the time now for the
maturity of the crop, that all the causes
which favourably affect it must co-operate in
an eminent degree, in order to ensure an
average yield. The early planting on light sandy soil
this year looks better than that panted at the ordinary
season. and on such sufficent bolls have matured tu cit-
able planters to hasten forward a few bales to port, fur
the credit they gain in their neighbourhood of having
made the first bale of the season. In tact, the plant on
rich soils is full three weeks behind its appearance last
season, and we are dependent on the late planting and
undergrowth for the crop, as what is termed the top
crop does nut yield enough now for an ordinary pick-
ing force."
From Canada we regret to hear still of a great deal
of sickness, and apprehended that next winter
will bring severe privations to many.
In Mexico the prospect of peace was still doubtful.
There has been some speculative business in the
Fund 4, and parties began to operate for a rise upon the
American news, but sellers have again appeared. and
Consols fur October have reached from 874 4 to 864 and
87. Money sales have been made as higu as 87, but
'ince at a tall of BS4 is The New Three-and- a• Quarter
per Cents. have been 813-1- a ; East India Stock is worth
239 to 241. Exchequer bills have been 2s. to ss. prem.
The foreign investments have been fluctuating. Spa-
nish have been dune at 201 for present transfer, and at
30 for a, count. Mexican Bonds have realised 191 to
and Grenada 19. Dutch Four per Cents. are 874.
Railway shares in general continue flat, but Oxford
and Wolverhampton have improved.

ONE CLOSING
iticEs oF BKITISII FUNDS. O'CLOCK. - FRICi. S.
3 per Cent. Reduced Anns ' 86,,',
I per Cenr.Consols Annuities 867/834 87 86A85/6 86%
New 314 per Cent. Annuities BBAI% 88%
...inn:Annuities to expireJan.lB6o
Ditto 30 years, Jan. 5, 1860 — 8 18-16
India Stock 23:4 241 241
India Bonds, 1,0001. ...... .. 2 p 4 dis 4 dis
Ditto under 1,0001.. ....... 3 dis 3 dis
Consols for Account 8714% 867,4 86‘.i
Exchequer Bills. 2d.

1,(10+►!.
5001
Small

5p
7p
12p
-OXE CLOSINt!
tICEts OF FOREIGN FUNDS. O'CLOCK PRICES
Brazilian Bonds

Grenada Bonds, 1 per Cent....... 19
tiexican, 5 per Cent. 1846 l9v4
194
Ditto, Account 195/s .i3/4 1934
Russian Bonds ... . .... 10714 108 108
Spani,h 5 per Cent. 1840.
Ditto, Passive
Ditto Deferred l3ll 1311
Ditto, 3 per Cent so 30
Dividends on the above payable in London.
Dutch 214 per Cent.
Ditto. 4 per Cent. Certificates 871 i 8734
MICE:, OF BUSINESS DONE CLOSING
R IILWAY SHARES EA-ID. AT ONE O'CLOCK. PRICES.
therdeen

Amber., Nott., Boston,
and Eastern Junction 2%.. •.. 1
Ayrshire and Galloway.. 21,4 —
delfast & County Down 10
sirmingham and It.-
brd Junction ......... 15 . . 2034 2q ;,j
Birmingham, Wolver-
hampton, and Dudley 10 ... ..
Birm Mg., Wolverlepton,
and Stour Va11ey..... 8 ...... 8
8
dirkenhead, Lancashire,
and Cheshire June.... 61,
_.lioston, Stamtd, & Birm. 5 —
5.Ji
iristoi and Exeter 75
Ditto, Thirds
... ..... .....
Buckinghamshire Bl. 4s —
Caledonian -
31
Ditto, Halt Shares.— 21, — ...
...
••••••••

Ditto, Clydesdale June 40
herder and Holyhead... 321,4 —
•••
...:11eltenham and Oxford 2 ...... •• ••• .
Clarence
Do. Ist Class, 6 per Ct. 10 -
Do. 2d Class, 5 per Ct. 10
Do. Government Loan,
4 per Cent.
ornw all
33q- ----

Ditto, Half Shares
Jublin and BelfastJunc. 20
nuidalk & Enniskillen 12%

~ast Anglia, e 51., L. &
E. and L. and D. ...... 25 -
0,,., 18/., E. & H.... 18
Do., 3/.105., E. &H. 1
/8
..ristert, Counties •20 ...... 17M1 ............ 1714
Ditto, Perpetual, 5 per
Cent. No. 1....... 6/. 13s. 4d... ...
ditto ditto, No. 2...61. 13s. 4d... li p %p
Do., York Extension.. 10 ..... 8 1/2/ :4 p B% P
Do., North. & Eastern 50 ......
Thi., Quarters
DO, Ntiv ...... " 14
:astern Union 5O .. ... ... ...... .., ...
Ditto, Quarter Shares 121/2 —
Ditt,,, Thirds .. l3a. 4d

ZASt Lancashire
Ditto. New
Do., do., Exten. Scrip -
..ast Lincolnshire
c:dinhurgh and Glasgow 50 ...... 54 .........
Ditto Half Shares ... 15
Ditto, quarter Shares 12% 13

Edinburgh &Northern.. 20
Ditto, New
' Ditto, Newport ..... ..... 7 ...... G ......
Ditto, uitto, New . ...• 1% -
Edinburgh and Perth... 2
bittt., Extension -
Exeter, Yeovil,& Dorch. 2% _._
-Ditto, New
Glasgow Dumfries, and
Carlisle B/.69.8d --
jlasgow, Kilmar., & Ayr 50 ......
Ditto, _
New
Do., 1/4 Shares (5 per
cent. guar.) ... ...... 121/2......
Great Nortkern 6 ...... 2
1)o., London and York 21/2..... 11/2 ll/2
kirtat smith. and West.
(Ireland)
Great North of England..loo ......
Ditto, New 404 5 —
Ditto, New 80r
Ditto, New 15/ lli
teat Westein. B5 ...... 104 103 lO3
Ditto, 1/2 Shares .50
Ditto, 14 Shares:
Ditto, Eitths 2O
Ditto, New 17/. ...... ... 7
Iludderstield & blanches. 19 ....
Ditto, Thirds .... ..... 7
Huh and Selby
--
I iitt ~ !kit Shares.— 25 - ••• ........ .••
Ditto, q Shares 121,4 -,-. —
Ipswich & Bury St. Et.m. 15 ....• -- .••
_
Do., do., and Norwich 12
Do., do., Extens. Scrip .
(late Camb. & Ely) 21/2 234 234
Lancaster and Carlisle... 50
.
Ditto, Thirds
Lancashire Sr Ymkshire 82
DIM 're ;,hares . ... 38
Do. Quarter Shares... 141/2
Do. kifths 6 `,.
Do. Sixteenths ... 61,4 —
Do. Thirds (Reg:). 71.45..........= ' ~. .. ..
DV. Idittry. gAI