The Sun.
London, England, 1848-11-09 00:00:00

MONEY and COMMERCIAL NL vl
CITY, QUARTER TO THREE.
The sales of Cotton at Liverpool yesterday were
5,000 bales, of which 4,000 were American, 250 Pernam
and Maranham, at 43d. to 5d.; 160 Egyptian, at 51,1 to
51d.; 300 Surat at 24d to 3d., and 40 Sea Island, at Bd.
to 10d. per lb. Prices of all sorts were fully maintained.
In Shares there was not so much doing, but the quota-
tions were firm.
The letters and papers by the West India mail were
not delivered sufficiently early yesterday to allow
them of more than a brief notice, but we
may now observe that although the tone of the
letters is very unsatisfactory in regard to the prospects
ofthe financial planters, there is besides the advantage
of fine weather, and particular districts of cheaper
labour, owing to the more reasonable conduct of the
peasantry, an evidence of perseverance and economy,
which is gratifying and may lead to a better state of
things hereafter. In no way can this be better carried
out than in the manufacture of sugar. Economy of
capital as well as labour is perfectly practicable, and
_must be advantageous, and although it may be true
:thatin gave colonies the same improvements can
be adopted, this affords no argument against
the West Indians taking the initiative. Rather
the reverse, indeed. Expressing sugar direct from the
cane is an experiment that is expected to succeed, and
if carried out to a large extent the first will not be the
only saving; there will be much of the expense of
transport avoided.
The extension of British commerce with the Chilian
*and other republics on the west coast of South America,
although it attracts comparatively little general no-
tice at home, is of so much importance that it can-
not but be highly gratifying to hear of it. The
letters received from Valparaiso to August 30, are en-
couraging, and the demand for our textile fabrics was
steady there, while at Lima also it was improving. To
Mr. Wheelwright, more than to any other individual,
are we indebted for this result, and the convenience to
our merchants of having letters by the West India steam
route is likely to induce a development of commerce to
the advantage of ourselves and the South Americans. We
observe that inducements were being held out in Chili
for the immigration of English settlers, and for particular
classes, the country would prove eligible, owing to its
salubrious climate and excellent soil. We should, how-
ever, at all times, to the general emigrant, recommend
our own colonies in preference.
The steamer Avon adds to our :already large amount
of specie the sum of 1.000,000 dollars, but as silver is a
complete drug here, we may expect a large proportion to
be reshipped to the Continent. There is one thing to
be specially borne in mind; we must receive something
in return, unless it goes in liquidation of past claims, and
that something will probably be grain or gold.
In the Stock Exchange, as usual, on Lord Mayor's
Day, there is not much doing. Consols are 6rm at 863
to 3, having opened at 855 to 86. New Three-and-a-
Quarter per Cents. 853 3 ; Exchequer-bills of March,
425. prem.
The Foreign Securities are rather dull. Mexican have
been 203 to 21 • Spanish Three per Cents. 23 ; Dutch
Two-and-a-Half per Cents. 453 to 3. Nothing has been
done in Portuguese.
; • Railway Shares are looking well again, and seem still
-likely steadily, though perhaps slowly, to advance.
THREE O'CLOCK.
Consols are rather better, being 8631.
The Committee of Spanish American Bondholders
have received letters from their agents at Lima, Messrs.
lkt`Lean, Rowe, and Co., under date of the 13th of Sep-
tember, advising, that in pursuance of the resolutions
passed at the meeting of Peruvian Bondholders held on
the 11th of July last, they had again applied to the
Government for as adjustment of the Foreign Debt, on
the basis of that concluded with Chili, and that the
Minister, in reply, had stated, that inasmuch as there
appeared no satisfactory prospect of effecting a settle-
ment at " Lima," the Government were about to dispatch
Minister Plenipotentiary to this country, to propose
terms of settlement to the bondholders.
ONE
Talerx OF FUNDS O'CLOCK.
3 per Cent. Reduced Anna 844 85
()per Cent. Consols Annuities.— 85% 8614
New 3 per Cent. Anna . BSN%
New 5 per;Cent. Annuities 109'/
India bonds, 1,0004 ..... 36 p
Ditto under 1,0001.
Consols for Account 85% 8614
Exchequer Bills. & 2d.
1,0001. March
1,0001. June 37 p •
5004 June 37p
e Small, March .. 40 42 p
Small. June
PRICES OF FOREIGN FUNDS ONE
O'CLOCK.

CLOSING
PRICES.
85
8614
85-A4
109 1
38 p
38 p
1361,8

40 p
39 p
37 p
43 p
40 p
CLOSIN‘,
PRICES.

Brazilian Bonds —
Ditto, Small 73% 73%
Danish Bonds, 1825, 3 per Cent 62 62
Mexican, 5 per Cent. 1846 2l 20% 20%
Peruvian Bonds, 6 per Cents 33 32i/2
Portuguese 5 per Cents. —
Ditto, 4 per Cent. — 24
Spanish 5 per Cent. 1840
Ditto, Passive
Ditto, 3 per Cent ..... 23 23
Venezuela Bonds, 2% per Cent... 15% 15;1
Dividends on the above payable in London.
Dutch 2th per Cent., 12 Guild.... 45% IA 451,2
Ditto, 4 per Cent. Certificates 69% 69%
PRICES OF PAID. BUSINESS DONE CLOSING
RAILWAY SHARES. AT ONE O'CLOCK. PRICES.
Aberdeen 5O . ...