The Sun.
London, England, 1846-06-16 00:00:00

~,,,

r burgh and , Newport, Noe- Edinburgh and
Peebles, 11. 11x. 6d.- Edin Perth, 11. 198.-Edinburgh,
Portobello, and Musselburgh, 11. 90.-Frimd-C,,lfcla...lnnetiaser-lir
171.-Glasgow and Ayrshire, 731. 109.-Dittn,
New Stock, 321. 105.
-DittoeQuarter Shares, 181. 10s.-Glasgow Belfast Union, 2/. 2s. 6d.
-Glasgow, Dumfries, and Carlisle, 21. Is. &1.-Glasgow and Dun-
dee Junction, 11. 128.-Glasgew and Garnkirk, 40/. 10s.-Glasgow
General Terminus, 91. 108.--Glasgow and Greenoe"k,
161. 10s.-Ditto,
New Stock, 81. 155.-Ditto, Preference, 1/. 15x.-Glasgow Harbour
Grand junction, 11. IN.-Glasgow Harbour Mineral, 11. 155.-Glas.
gow, Kilmarnock. and Ardrossau, it. 125.-Glasgow,
Strathaysn,
and Lesmahagnw, 2/. 84.-Grauton Junction, os,-areat County
Down, 11 7s. 6e1.--;-Great North of Scotland, I It. 138.-Inverness and
Elgin, 11. Is. 6d.-Lanark and Lothians, 21. 3e.-Larne,
Beif,„:Bt, and.
Ballymena, 65.-London, Bristol, and South Wales,
198.__Lodon
and Hounslow, 155.-Loudoa and Manchester (Bast.), 3/. 12s, v.ld•
-London and Manchester (Remington's), 155.-London and York.
21. 4s. 6d.-Ditto, Half Shares, 21.-Midland and Eastern Counties.
1/. 10s.-Morayshire, 11.-Newcastle and Berwick, 25/.-Newry and
Londonderry, 11.-North British, 291.-Ditto, Halves, 11/. 10s.-
Ditto, Extension to Carlisle, 1/. I Is. 6d.-Ditto, Extension to Dal-
keith.-GL 36.-,--North Staffordshire, 61. 155.-North Wales Mineral,
141. 10s.-Ditto, New, 61. 10s.-Perth and Cried Direct, 11. 13s. 6d.
-Perth and Inverness, 1/. 12s. 6d.-Scottish Central, 15/. 17s. 6d--
Ditto, New, 7!. U.-Scottish Central and Caledonian Junction, 11.
Os -Scottish Grand Junction, 12s.- Soattish Midland, 71.-Scottish
Southern, 11. 17s. 6d.-Shrewsbury and Hereford, 95.-Shrewsbury,
Oswestry, and Chester, 31. 6s. -South Midland, 11. 7s. 6d.-Stirling
and Dunfermline, I/. I Is. Gd.-Stirling and Midland, 2/. 2a.-
Strathearn Junction, It. 10s.-Surrey Grand Junction, I ici.-Wishaw
and Cultness, 511.

GLASGOW, JUNE I.
STOCK EXCHANGE.—The sales are—Airdrie and ltathgatr, 112,,
Carnwatli and iVest Linton, 22s.—East Indian ltallway, as. 6d.—
Gla>eow• General Terminus, 9L—Glasgow and Belfast Union, 40%. 6d.
Lesinaliagow, 49s.—Scottish Central, W.—Scottish Southern,
SoutlPMidland, 265.

AMERICAN PAPERS.
COMMERCIAL NEWS.
(From the Courier avid Enquire, .)
New YoRK, MAY 30.—The public attention is wholly
occupied by the events of the war with Mexico, its effects
and consequences, actual and probable The decisive supe-
riority manifested by the American troops in the actions of
Palo Alto and Resaca de la Palma, on the left bank of the
Rio Grande, gratifies the pride of the nation, while it hastens, .
as is willingly believed, the prospects of peace. In this last.
view, particularly, it concerns us in these remarks, since
peace is the desire and chief interest of men of business. The
effect, thus far, of the war has been.felt most severely in New
Orleans, more indeed, as yet, from the apprehension of evil,
and
not from the occurrence of any loss or disaster.
The pressure is none the less real on this account. The
withdrawal of orders on European account and the suspen-
sion of credits on Northern cities—the first shape in which
the consequences of _ war began to show themselves—arose
mainly from the enhanced premiums of insurance which
would, it was reasonably
e calculations supposed, becharged s onarseh i
np
omwe n s
st s
cfrome Nt
heawt
aodirleaaenrens.
ceTolit: two or three per cent. in the cost of
in
fur
insurance
would turn the scale against the adventure, and
er, as the orders were
suspended or
this differencewmitihdghrtawbne. muchatoa oit,,a
tll2
e P poured into New Orleans; but as there was little or no sale f
comparatively scarce, and freights rising; the factorsi, ships
were
unwilling or unable to make advances against it; and thus
the pressure in the city reacted upon the interior—and as the
planter or producer of the Mississippi valley finds his staples
unsaleable, he is prevented from buying his ordinary sup-
plies of goods and groceries, and from paying at maturity
existing engagements for previous purchases. The merchants
on the Atlantic sea-board, who furnish these supplies on
credit, will in turn find their anticipated resources from their
customers dried up, and thus the circle of inconvenience and
disappointment is widened, until all departments of industry
become more or less involved.
The motives, therefore, for desiring peace are not on our
aide likely to diminish, while the clear proof that the Mexi-
can cannot, even with greatly superior numbers, compete
successfully with us in arms, will, it is hoped, convince them
—the point of honour being satisfied by the gallantry with
which they have unquestionably met the battle—that peace
is also their chief interest. The President of the United
States, in :the Message of the 11th instant, wherein he re-
commended war, expressly says, " it is his anxious desire to
terminate hostilities speedily, and to bring all matters in.
dispute between this Government and Mexico to an early
and amicable adjustment; and in this view he would be pre-
pated to renew negotiations whenever Mexico shall be ready
to receive propositions or to make propositions ti :hia. own.."
aelnll,ednrlyb,wbea tteark,
preparation n forvi
ggo rar 0 nu
st el
yd ,
tow
pe a
sthh i nhko
fife
t, t h a
It
siV-E lboteh
bymaking
d
negotiation, and be ready on the slightest intimation, direct
or indirect from Mexico, to settle in a liberal spirit the exist-
ins topics of controversy.
The blockade of the coast of Mexico on both seas, which
was foreshadowed in our remarks by the packet of the 16th
as inevitable, has before this time been declared in the Gulf,
and will be in the Pacific, as soon as the Commander of the
American squadron there shall hear that a gun has been fired
on the Rio Grande. There is ample force in both seas to
make the blockade eGfective and rigid. As England has
more commerce with Mexico, more interest in her mines and
in her public debt than any other nation, it is hoped that an
additional inducement may thence arise for her, first to ar-
range amicably and promptly her controversy about boun-
daries on the north-west coast with us, and then to interpose
her friendly mediation for restoring peace between us and
Mexico. All look to England now for the next move in the
Oregon matter, which, on our side, has been eclipsed in pre-
sent interest by the Mexican war, and which, moreover. by
the notice given in conformity with the resolution of Con-
gress to the British Government by the President, seems for
the time to have passed out of our domain. In what precise
form that notice was given is not known ; but the President
will have been unfaithful to the spirit in which it was adopted
by Congress, if he shall not have accompanied it with an
expressed desire that an amicable termination of the long-
pending controversy might thereby be accelerated. The
Senate of the United States have recently given another
proof of their spirit of liberal forbearance by postponing the
consideration of the Bill from the House of Representatives
for extending a territorial Government over our citizens in
Oregon. They await the action of the British Govern-
ment in the full confidence that it will be both early and
amicable.
As yet no very serious decline has occurred in our public
funds by reason of the war, or of the expenses consequent
upon it. The United States Six per Cent. Stock range at
from five to six per cent. above par, and the stocks of the
solvent states maintain their prices. The policy of the ad-
ministration, as to providing means for the large military
and naval preparations in progress and in contemplation, is
Lot vet diselo...l Thing. ~VOi,,matemoutotjon,, ~,,,,rl,i,,wer
uipp,,
estimates for array proper 2,000,000
-- 12,000,00(1
If the Report of the Naval. Committee of the House of Re-
presentatives shall find favour, as seems probable, which re-
commends the building immediately of twelve steam-vessels
of war of different sizes, there will be added to the above
seven millions more. It is estimated that there may be
about ten millions surplus on hand ; this would leave a defi-
ciency of nine millions to be provided for by taxes, by loans.
or by the issue of Treasury notes—by either, or all. If reli-
ance is to be had upon loans, they can only be negotiated on
advantageous terms, by making provision at the same time
by a specific pledge of funds for the payment of interest and
the gradual redemption of the principal. As they must be
negotiated at home—recourse to Europe being understood to
be hopeless—there will, perhaps, be less hesitation in resort-
ing to the necessary taxation, when it is known that its pro-
ceeds are to be kept at home and not paid to foreign stock-
holders. In any event, however, if the Government ex-
penses shall be considerably augmented, the present prices of
United States securities must go considerably lower.
Exchange on Europe is falling sensibly. Various causes
combine to produce this result. The scarcity of money is
one—occasioned by the necessity under which the Banks of
Deposits in this city find themselves to be in constant readi-
ness to meet the drafts of the United States Government for
the accumulated revenue, amounting here just now to about
four and a half millions—and the stringency, therefore, of
their discounts, which the other banks are obliged to imitate,
that they may not fall into debt to the Deposit banks.
Another is the influx of bills of exchange from New Orleans,
where it is difficult to effect sales—and a third is the large
shipments of produce to Europe . from this port and others,
and the comparative suspension of orders for goods in re-
turn. The rates will be found quoted below, as compared
with those that prevailed at the departure of the last steamer,
as also a comparison of the prices of Six per Cent. Stock.
15th May. 29th May.
Exchange on London 109% to 10934 108 to 108 N;
Exchange on Paris
U. S. Six per Cent Stock 105% to 196 c. 104 to 105.
n i
ca te
. T ConcerningStatebe stitiheeTrereiass nothing inii
pneenw.:
"olcvoamnimatt-
still strongly expressed' confidenceStx ofk
counties are at work
pro-
vision for the August dividend, and the
fve quotas into the
-me& that he will be able to make
to do their part in paying their respective
great for Pennsyl-
vania,State Treasury in time. '
rto interfere with their
sur-
mountable obstacles will be permitted
that we feel persurandeedstankoe oisdinary or easily
punctuality.
ti k t Th
ned little or no stir in le mar e . 4
long passage, occasioned
nnts tor cotton stiffened holders a
The arrival of the steamer Great. Britain to-day, after a
somewhat better acco
lute absence of any demand, ask prices which a real
little. In bread studs no perceptible change. Holders, in
the abso
offer for any considerable quantity would soon cause them to
abate.
The most agreeable intelligence by her was that of the
light in which the notice, as authorised by Congress, seemed
to be received by the London press, as tending to facilitate
an amicable and prompt adjustment of the Oregon contro-
versy.
The rumour in one of the London papers that Mexico had
asked the intervention of France and England to protect
her possessions, and especially California, against the United
States, and that such intervention might possibly be under-
taken, commands no credit here. The right of the United
States, as a belligerent, to attack and con uer, if they can,
any portion of the territory of their enemy,(is too clear and
unquestionable to be liable to any interruption from
parties, standing in the relation of neutral between the two.
Our latest dates from Mexico are of the 2d iust. Paredes
still was President. Congress had not convened, and there
had not been any new revolution or Pr"Nu:secile m"
third
We refer to the ordinary quotatiotoncokair
the
f "Ocean Nevi-
The subscription books for t
- nsuebscribed. There is no doubt
dhye essterday, and about 150,000
gation Company" were ope
dollars have already been .
,ssubscription will enable the company to
but that Saturdabuilding their vessels immediately.
commence the
j, railway features. There is a capital likenesS of the railway
The present exhibition of the Royal Academy has
kiss, its-Goolve Hudson, a half-length ; another half-length of Robert
StePiienson, and a whole length of Joseph Locke, with the riband e
the Legion of Honour. All are faithful and striking portraits.—Ratt.
tray Herald.
FOREIGN FBITIT.—The arrivals of fruit by steam-
ships from Holland, Belgium. and France, the latter especially. Is
time for Saturday morning's markets, were of so extensive a nature.
and at this early period of the season, as require particular notice.
The General Steam Navigation Company's packet, Ocear, from Rot-
terdam,brought the very large number of 894 baskets of cherries.
the production of Holland. The same company's ship, Venezuela.
from Havre, brought 191 baskets of fruit, consisting, we believe, also
entirely of cherries, the growth of France, the Dutch steam ship.
Batavia, from Rotterdam, 16 baskets, the growth of Holland, and the
Ant werpen, from Aniwerp, with 12 baskets, the produce of Belgium.
So large a quantity of cherries being imported from the continent far
one day's markets, is we believe unprecedented, and have served
completely to stock them, before those of home growth are sufficiently
ripe for use. The cherries are spoken of as being of most excellent
quality, although the preference must be given to those of
French production, which Holland can well afford, consi-
dering her great utility and general excellence of other prodsations.
in the staple article of food, and the fact of their being first in the
market is a proof of the forwardness of the continental crops, and of
the manner in which It is made available for the early supply of
fruit to this country. In addition to these extensive supplies, the
Importations of oranges continue, several arrivals of vessels from the
south having taken place within these few days, each having several
hundred boxes of this delicious fruit on board. What with the con-
tinued supplies of this fruit and extensive arrival of pine-apples from
the West Indies, which are remarkably fine this year, and have
arrived in such excellent condition as to commuid a much more re-
munerating price than has hitherto been the ease, the fruits supplied
to us from foreign countries at present form quite a feature of in-
terest and Importance in our markets.
SPA-YIELDS BIIR/AL-GROUND.—The recent award as
to the question of the existence of this well-known place o.finteneent
as a nuisance has had the practical effect of almost closing the
ground. On Sunday there was hut one tlineral took plase, and for
several. successive Sundays the average has not exceeded three ee

Tikiiin ,

our.
Door and window heads, cornices, pillars, and other
parts of buildings are now made of Welsh fire•clay, at half the 'tot
et O!.

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