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

MONEY and 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 3d. to
50. 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
103. 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 co-operation 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 absence of any
particular foreign news. Consols are 874 to 87i for
present transfer, and 871 to 87k for account. Ex-
chequer-bills have been 41s. to 445. premium. The New
Three-and-a-Quarter per Cents. have been 87k. to 87k.
Bank Stock is worth 194.

In the Foreign Market the transactions have been
very limited. Spanish Five per Cents. have been quoted
111, and the Three per Cents. 21i. Mexican Bonds
have been at 17; Brazilian are 684; Russian Stock is
891; Dutch Two-and-a-Half per Cents. are 45 to
Railway Shares are firm.

ONE CLOSING
:' ntc Es OF IsRITISII FUNDS. O'CLOCK. PRICES.
A,
Bank Stock
3 per Cent. Reduced Aims ..... 8714% 871/2
3 per Cent. Consols Annuities B7 % 1A 1/2 871/2
New 31% per Cent. Ann 5...... . 873/4%1/2% 113731
i.ong Anns. to expire J an. 1860
Ditto 30 years, Jan. 5, 1860 WA, 8 9-16
India Bonds, 1,0001.
Ditto under 1,0001...
Consols for Opening S7NI4% 87Ni
Exchequer Bills. 2lhd.
1,000/. June
1,0001. March ......
PRICES OF FOREIGN FUNDS. ONE CLOSHio
O'CIACR. PRICER.
Brazilian Bonds
Ditto, Small... 691/2 70 70
Grenada Bonds, 1 per Cent. —
Ditto, Deferred 2l/2 21/2
Mexican, 5 per Cent. 1846 —
Ditto, Account l7 17
Russian Bonds

Spanish 5 per Cent. 1840.
Ditto, Account ll3/4 113%
Ditto, Passive
Ditto 3 per Cent —
Ditto, Account 2ll/., 211/,,!,
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. —f. —c. 471. —c.
Exchange —f. —c. 25f. 60c.
Dutch 2% per Cent., 12 Guild 45 45% 451 A
Ditto. 4 per Cent. Certificates 71
PRICES OF pAID. BUSINESS DONE CLOSING
RAILWAY SHARES. AT ONE O'CLOCK. PRICES
Aberdeen
Amber., Nott., Boston,
and Eastern Junction VA.—
Ayrshire and Galloway.. 2%
Belfast & County Down 16 ......
Birmingham and 'ax-
e ,ford Junction .......20
Birmingham, Wolver-
hampton, and Dudley 10 ..
Birming.,Wolverh'pton,
and Stour Valley 121. 4s ... ...
Birkenhead, Lancashire,
and Cheshire June—. 10
Boston, Stamfd & Birm. 5
Bristol and Exeter
Ditto, Thirds
Buckinghamshire... 14/. 45.
Caledogian
Ditto, Half Shares .. ei —
•
_,.

Ditto,elydesdaleJunc 50"•.... •••
Chester and Holyhead.. 42%...... 21 .•
Ditto, Preference •
15 ......
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. 30 ......
Dundalk & Enniskillen 17%......
East Anglia, 251., L. &
E. and L. and D...... 25 ...... ... —
Do., 18/., E. & 1L... 18
Do., 3/. 10s.
Eastern Counties........ 20 •••••• 1434/1...... ..
Do. New Guaranteed
6 per Cent.
Ditto, Extension, 5 per
Cent., No. 1......61.135. 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
Eastern Union, Class A

(late E. U. Shares) 25
Ditto, Class A, ditto... 1
Ditto, Class .13 (I. &
and B.) 2O
Ditto, Class C, ditto... 171.....
Do. Scrip (6 percent.) 10
Ditto, ditto
Ditto (C. & E.) guar.
5 per cent........... 21. A
East Lancashire
Ditto, New
Ditto, New Quarters 614.....•

Do., 6 per Cent. Pre-
ference Quarters ... 214 2',.2 2l'
East Lincolnshire ...... 201/1
Edinburgh and Glasgow 50 ...... • 42
Ditto, Half Shares ... 15 .. ..
Ditto, Quarter Shares 121/......
Edinburgh and Northern 25
Ditto, New.. 614
Ditto, Newport l3 -
Ditto, ditto, New 3,/1• • ••
Exeter,Yeovil, & Dorch. 2,543'
Ditto, New -
Glasgow, Dumfries, and
Carlisle ....... ... —B/. 6s. 8d.... •••
Glasgow,Kilmar.,& Ayr 50
Ditto, New ... ..... .... 40

Do. Preference Consol. 15
Great Northern
Do., London and York 2%. —.—••• .........
Great South. and West.

(Ireland)
Great North of England.loo

Ditto, New, 401 v l5
Ditto, New, 301 3O
Ditto, New, 151 1114.. .
Great Western 9O .. 88 89

Ditto, 1,4 Shares 5O .
Ditto, 14 Shares
Ditto, Fifths
Ditto, New 171... ..... 13 ...
Huddersfield and Manch. 28

Ditto, Thirds
Hull and Selby .. ...... 50 ......
Ditto, Half Shares ... 25 ...... 494 491/4
Ditto, 1/4 Shares
Lancaster and Carlisle... 50 ......

Ditto, Thirds
Lancashire & Yorkshire 93

Ditto, ditto
Ditto, 1/2 Shares ...... 43 ... ..
Do. Quarter Shares... 1712 —
Do. Fifths... ......... ... 9
Do. Sixteenths 61,4 _
Do. Thirds(Reg.) l3 . ... 5% 5%
Do. New, Gua. 6 per ct. 24 ...... 2% 2%
Do. Liverp. and Bury 43 ...... ••• .....
Ditto 1/2 (late Hud-
derstield and Shelf.) 38
—... . . .. __

Do.(Waketield,Ponte:
tract, and Goole) ... 50
Do.(W.Riding Union) 6 ..... ..”••••—•••• .•
Do. (Preston & Wyre) 25
Do. l% Shares (A)... 94 - -
Leeds and Bradford...... 50 ...... 90% 90%
Leeds, Dewsbur- &c.... 'WA. .....

ary,
Do., Half Shares...... 22 1/2 .... • . - -
Do., (blue) Scrip.— 21h..... ...,
Leeds and Thirsk ...... 45
Ditto, New ...... ....... 330 - ••• •... ........ —.
Do., Prefer., 6 per Ct. % —
Liverpool, Crosby and
Southport . ........... .. 31,2
Liverp., Manchester, and
Newcastle Junction.— 2% —
London & Blackwall...l3l. 6s. 8d —
5
Do. Extension ..... ... 22 1... .• —. ......
London, Brighton, and
South Coast ...... ... 50
Do. Consol. Eighths. 40
Do. Guarant. 5 per ct.., 9 ....„
_.Do. Pref. Con. 5 per ct. 50 .. ..,, ••
Ditto, ditto 1852 50 — ........

,
Ditto, New 5/., guar.
6 per cent.
London and Greenwich 12/15s 4d... .............. _
Ditto, Preference... 18/ 17s 2d...
London and N. Western 100 125 126
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. & B.) C. 1 ..... 334 33A
Lon 4. &S. Western
Do. New 50/. ... ..... 42%..
Do. New 40/. . 34
Do. Tenths (Consol.) 50 ...... ... ....
Ditto ditto ......... 40
Ditto. Thirds
Do., New Scrip, 1848,
Pref. 7 per Cent. on
Deposit, and 5 per
Cent. on Calls ... I/. 13s. 4d,.. 4 dia....• l4 dis,