The Sun.
London, England, 1841-07-07 00:00:00

MONEY and COMMERCIAL NEWS.
CITY, TWELVE O'CLOCK.
Her Majesty's packet Seagull has arrived with the West
India mail, having sailed from Barbadoes on the lith May,
St. Lucia 18th May, Martinique and Dominica 19th, Guada-
loupe 2Uth, Antigua 22d, Nevis and St. Kitt's 24th May, St.
1 homas 26th, Jamaica June 2. She brings a freight of
80,000 dollars. Money is represented as being extremely
scarce in the colony, and commercial distress prevailinc, to an
alarming degree, o•s ing to the unsettled state of. Colombian"
affairs, as no remittances had been for some time received .from
that quarter. Numerous failures had taken place, and trade
was almost stagnant.
The Great Liverpool steamer has arrived from Alexandria,
with the remainder of the letters which were left behind by the
overland nail fiom India.

LIVERPOOL COTTON MARKET, JULY 6.—We have had
rather a quieter market to-day, being Manchester market-day,
causing a smaller number of bargains. The sa!e3 are 3,000
bales, at steady prices.
LivEßroor. SHARE MARKET, JULY 6.—A inotlera`e busi-
ness has been done in the Share Market to-day. Edinburgh
and Glasgow, 38i; Great Western flail Shares, 62; Liv‘r-
pool and Alanchester Quarter Shares, 40.
MANCHESTER STOCK EXCHANGE, JULY 6.—The Market
is rather heavy, caused perhaps by the announcement of some
small failures here, and two at Liverpool.—Manchester and
Leeds, 51i to 52i • Eilinbuigli and Glasgow, 37i 38i ; Li-
verpool and Manchester, 199 460; Eastern Counties, 8 Si;
Manchester and Stafford Banks, WI.

We regret to leatn from the Demerara papers of the Ist of
June, that an accident happened to the Venezuela steamer,
provisioned and victualled, and ready for the, voyage to Rio
Janeiro, which prevented her from proceeding on the voyage.
STATE OF BUSINESS IN JAMAlCA.—Attachments are the
order of thc day. The example set by the Colonial Bank
is at present generally followed by the mercantile community,
and we much fear that the result will be the ruin of hundreds
of pet sons—the total destruction of the hopes and prospects
of many who have hitherto been valuable members
of the several communities in which they resided previously to
the establishment of the Banks. It must be admitted that
failures were not so numerous then as they are now ; things
have sadly alterej for the worse; the over liberal encoura
Ce-
ment held out by the Colonial and other Banks, and the facility
with which parties procured cash on notes of hand drawn and
endorsed by good, bad, and indifferent ; but so foolish specu-
lations have led to the commercial distresses which now pre-
vail, and which, alarming as it is, has not reached its height;
from this period we may date the death-blow which has been
given toi the commerce of our town, since then attachments
have been frequent in every part of the island.
WAYS AND MEANS.—THE INCOME TAX.—The estimate
of the amount requi ed to be raised by taxes fur the service
of the year 1841, amounts to no less a sum than one million
ninety-five thousand dollars. '1 he Combined Court will re-
assemble within a fortnight for_ the purpose of
_determining
from what sources of revenua the unusually large expenditure
shall be defrayed. ,"