The Sun.
London, England, 1848-07-12 00:00:00

MONEY und COMMERCIAL NEWS.

CITY, QUARTER TO THREE

There was a good demand for Cotton at Liverpool
yesterday. Sales 5,000 to 6,000 bales. The market
had an upward tendency. American realised 31d. to
si'd. per lb. Railway Shares were better.

Accounts of June 5, from Pernambuco state that the
exchange on London was 25d. for sixty days' bills, with
very little doing. Freight to Liverpool 31. and 51. per
cent. for sugar.
The first entire cargo of West India pine apples, this
season, by sailing vessel, has arrived. At the Bahamas
this article of export has now assumed some importance,
and the accounts just received mention that property
'was becoming more valuable, and that one estate, which
yields annually half a million of pines, would shortly
be offered for sale in England.
The Grantham Bank has declared a first dividend of
10s. in the pound.
The Peruvian Bondholders, at their meeting yester-
day decided upon rejecting the paltry terms offered by
the Finance Minister, and decided rightly, as we think.
They have the support of Lord Palmerston and the ad-
vantage of the cooperation of Mr. Addams, the British
Minister at Lima. Experience has shown that "conver-
sions" are dangerous, both in principle and practice,where
guarantees already given are to be resigned, and much less
valuable security is offered for the performance of the
new agreement. The Peruvian Government is fully in
a position to carry out an equitable compromise, and
from what we observed yesterday of the temper of the
meeting, the bondholders desire nothing more. They
are not hard taskmasters, as their patient endurance dur-
ing many years sufficiently testifies, and it must go forth
to the world that national faith, if not respected abroad,
shall at least be considered here as a thing not lightly
to be estimated.

The state of the Colonial Bank, as appears from the
report of the directors, is still far from flourishing. The
sad prostration of credit in the colonies has entailed
such losses upon the establishment as it will need a long
time to redeem, but there is still some hope, aad a further
trial will be given.
The Corn Market is heavy to-day.
Money continues abundant, and railway debentures
are taken up more freely.
The English Stock Market has been firm again, with
a moderate business doing, and in the absenee of any
particular foreign news. Consols are 87/ to 87i for
present transfer, and 87/ to 87i for account. Ex-
chequer-bills have been 41s. to 445. premium. The New
Three-and-a-Quarter per Cents. have been 874. to 873.
Bank Stock is worth 194.

In the Foreign Market the transactions have been
very limited. Spanish Five per Cents. have been quoted
114, and the Three per Cents. 2lf. Mexican Bonds
have been at 17; Brazilian are 68;1,-; Russian Stock is
99k; Dutch Two-and-a-Half per Cents. are 45 to
Railway Shares are firm. _ _

ONE CLOSING
it 1c Es OF i<NITISH FUNDS. O'CLOCK. PRICES.
Bank Stock 194 1921%
3 per Cent. Reduced Anns ..... 8714% 87114
3 per Cent. Consols Annuities 87%141% 871/2
New 31,4 per Cent. Ann 5........ 873/4% %% 67%
Long Anne. to expire J an. 1860
Ditto 30 years, Jan. 5, 1860 BIAI 8 9-16
[ndia Bonds, 1,0001.
Ditto under 1,000/. .. ......
Consols for Opening 87%14%
Kxchequer Bills. 2Uld.
1,0001. June 36 37 p
1,0001. March ......
ONE
O'CLOCK.
Brazilian Bonds
Ditto, Small 69% 70
Grenada Bonds, 1 per Cent. —
Ditto, Deferred ... VA
Mexican, 5 per Cent. 1846 —
Ditto, Account l7

37 p
44 p
CLOSIN u
PRICER.
68%
70

PRICES OF FOREIGN FUNDS.

Russian Bonds ..
Spanish 5 per Cent. 1840.
Ditto, Account ll%
Ditto, Passive
Ditto 3 Der Cent —
Ditto. Account 2l •il
Dividends on the above payable in London.
French Rentes, 5 per Cent —f. —c. 75f. —c.
Exchange —f. —c. 25f. 60c.
French, 3 per Cent
Exchange —f. —c. 25f. 60e.
Dutch 2% per Cent., 12 Guild.
Ditto. 4 per Cent. Certificates 71
PRICES OF PAID. BUSINESS DONE CLOSING
RAILWAY SHARES. AT ONE O'CLOCK. PRICES
Aberdeen 5O —
Amber., Nott., Boston,
and Eastern Junction 33/4.--
Ayrshire and Galloway.. 25t
Belfast & County Down 16 ......
Birmingham and Ox-
i ford Junction .... ... 20
Birmingham, Wolver-
hampton, and Dudley 10 .. ... ... —
Birming.,Wolverh'pton,
and Stour Valley 121. 4s ...

Birkenhead, Lancashire,
and Cheshire Junc.... 10
Boston, Stamfd & Birm. 5
Bristol and Exeter B 5
Ditto, Thirds ..... 25
Buckinghamshire... 141. 4s.
Caledonian
Ditto, Half Shares .. 874
Ditto,Clydesdale June 50 ......
Chester andjioly head... 421,4 2l ..
Ditto, Preference l5 ......
Clarence
Do. Ist Class, 6 per Ct. 10
Do. 2d Class, 5 per Ct. 10 -
Do. Government Loan,
4 per Cent.
Direct London & Ports-
mouth
Dublin and Belfast June 3O

Dundalk & Enniskillen 17% —
East Anglia, 251., L. &
E. and L. and D...... 25
Do., 181., E. & H.... 18
Do., 31.105.
Eastern Cousties...
Do. New Guaranteed
6 per Cent.
Ditto, Extension, 5 per
Cent., No. 1......6/. 13s. 4d.... % p x d % p xd
Ditto ditto, No. 2...61. 13s. 4d.., par
Do. North. & Eastern 50
Do., 5 per cent.
Do. Quarters
Do. New 23
Eastern Union, Class A
(late E. U. Shares) 25
Ditto, Class A, ditto... 1

Ditto, Class B (L &
and B.) 2O
Ditto, Class C, ditto... 171,/x —
I>o. Scrip (6 percent.) 10
Ditto, ditto
Ditto (C. & E.) guar.
5 per ...... 2% _ ..............
East Lancashire
Ditto, New
Ditto, New Quarters 614......

Do., 6 per Cent. Pre- . sr
ference Quarters ... 21,4 2!),2 21,4
East Lincolnshire ...... 20% ............
3k
Edinburgh and Glasgow? 5(2,...,..4.. 42
Ditto, Half Share's ••• 1511!;• • ... ••• -
Ditto, Quarter Shares 12%...».
Edinburgh and NOithern 25
Ditto, New 61,4 — ......... ......
Ditto, Newport l3 - -
Ditto, ditto, New 3/...... .
Exeter,Yeovil, & Dorch. 2'
Ditto, New ... _
Glasgow, Dumfries, and
Carlisle ....... ••• -SI. 6s. 8d.... ...
Glasgow,Kilmar., & Ayr 50 ..... . _
Ditto, New ... ..... .... 40 ..............
Do. Preference Consol. 15
Great Northern
15 .... 66% ex int.... 6%x. i.
Do., London and York 21,( ......
great South. and West.
(Ireland)
Great North of England.loo ......
Ditto, New, 40/........, 15
Ditto, New, 301
Ditto, New, 151
Great Western 9O ..... 88 89 . --
Ditto, % Shares 6O ......
Ditto, 14 Shares
Ditto Fifths
Ditto, New 171........ 13 ..... 113/4 ll3/4
Eludderstield and Manch. 28

Ditto, Thirds
[lull and Selby
Ditto, Half Shares

Ditto, 14 Shares -
Lancaster and Carlisle 5O ......
Ditto, Thirds
Lancashire & Yorkshire 93 .....
Ditto, ditto
Ditto, % Shares ...... 43 ... ..
Do. Quarter Shares... 17
Do. Fifths... ......... „. 9
Do. Sixteenths 614
Do. Thirds(Reg.) l3 . ... 5%
Do. New, Gua. 6 per ct. 2% 236
Do. Liverp. and Bury 43
Ditto % (late Hud-
dersfield and Sheff.) 38
Do.(Wakefield,Ponte-

_ .
Tract, and Goole) ... 50 ......
Do.( W. Riding Union) 6 ..... —••••••••—•
Do. (Preston & Wyre) 25 -
35
D 0.% Shares(A)... 9%
Leeds and Bradford
Leeds, Dewsbury, &c.— 47 .....
Do., Half Shares 22% — ••• -- —
Do., (blue) Scrip...... 2h..... --,
Leeds and Thirsk ..... . 45
Ditto, New .............30
Do., Prefer., 6 per CL 34 -
Liverpool, Crosby and
Southport . 314,
Liverp., Manchester, and
Newcastle Junction... • 21, ...... ....... -
London &Blackwall...l3/. 6s. 8d....
Do. Extension ..... ..• .....
London, Brighton. and
South C0a5t......... 50
Do. Consol. Eighths. 40
Do. Guarani. 5 per ct.., 9 ......
Do. Pref. Con. 5 per ct. 50 .. ... _
Ditto. ditt0...... 1852 50 —
Ditto, New 51., guar.
6 per cent. .. 2 —
London and Greenwich 1211554 d... „
.....
Ditto, Preference... 18117 s 2d... ..... "
London and N. Western 100 125 126.,,...., .. 125%
Do. Quarters (L. & B.) 22 —
...„
.......... _
Ditto, New
Ditto, Fifths ..... .. .. 2 - ...............
Do. 40/.Shares( L. M.) 20
Do. 101. (M. & B.) A. 9 -
..............
Do. 10/. (M. & B.) B. 9
Do. 101. (M. St B.) C. 1
Lon 1. &S. Western 5O . ..... 4814 ...... .. ... ..*
• --• 4811
Do. New 50/. ...
...............
Do. New 40/. . 34 ......
Do. Tenths (Consol.) 50 . ..... .. ........
..... ••• •••• •••••••• Ditto ditto ....
Ditto. Thirds ...._ 111. 13a. 4d 734 .die —
2% dia.
Do., New Scrip, 1848,
Pref. 7 per Cent. on
Deposit, and 5 per
Cent. on Calls ...1/. 13s. 4d... % dia....