The Sun.
London, England, 1848-07-10 00:00:00

L 0 N D'',o N,

important exporting staple, is an abundant harvest
throughout Europe, and low prices for every article of
food. The prospect was, at the latest dates, favourable,
and we trust that advices by the steam-ship now due
will confirm the anticipations formed by previous ac-
counts. The importations have become reduced to a
very low point, and there is some hope of our exports
ultimately liquidating our foreign indebtedness, without
any further shipments of specie. This would be placed
beyond a doubt in the event of any improvement in
quotations for cotton.

" Since the distributio❑ of the several loans recently
negotiated, there has been an improvement in the market
value of Government and good dividend paying state
stocks. The increase in the quantity of Government
and state stocks has no unfavourable influence upon
prices, but, on the contrary, since the many millions
have been disposed of, quotations both for the old and
the new have advanced. Nearly seventeen millions have
been created within the past ten days. There has not
been an issue to this extent, but the capital necessary to
take it as it comes out has been provided, and has been
drawn from other employments."
The produce markets were dull in America. In Lower
Canada Government was making arrangements to locate
immigrants upon fifty-acre allotments.
The Bank of France weekly statement shows a very
small amount to the credit of the Treasury.
The Fands are very steady this morning, and there is
some business doing for transfer to-morrow. The dealers
having provided themselves with stock are inclined to
uphold the market, so that the public should pay the full
advance lately established. Consols have been 86i to
87-i for money, and 86j to 87i for account.
The " making up" of the jobbers books commences
to•morrow, and upon the result depends the payment of
differences by bulls or bears. It might be concluded
that the recent speculation has been to establish a ba-

lance against the dealers for a rise, but an attempt will
be made, no doubt, to " carry over."
The New Three-and-a-Quarter per Cents. have been
87i to t, and the Three per Cents. 86i to 87k. Bank
Stock is 193 to 193 i. Exchequer-bills are 335. to 365.,
and India Bonds 21s. to 235. premium.
The Foreign Securities have been very quiet.
Spanish Three per Cents. are 22. Portuguese Four per
Cents. 17, and Mexican 17 to 17i. Dutch Two-and-a-
Half per Cents. are 45 to 45i.
Itatlway Shares have been much the same as on
Saturday, but Caledonian are lower, owing to the issue
of new shares.

ONE CLOSING
It WEN of, BRITISH FUNDS. O'CLOCK. FRICES.
dank Stock 193 1931,i 193%
:3 per Cent. Reduced Anns .. 87%'4 867 ii 87%
3 per Cent. Consols A3nuities 87 871si 86% 874 87 87
New 34 per Cent. Anne....... B7l/2% A% 87%
uongAnns. to expire J an. 1860 B% 83/
India Bonds, 10004 .... . . 23 21 p 25 p
Ditto under 1,0001.. - 23 21 • 25 -

P -- P
Consols for Opening 87% 86% 876 87
r.xchequer Bills. 2%d.
1,0001. June 36 33 p
1,0001. March
500/. June
Small, June
hmall, March .. .. 41 p
PuICES OF FOREIGN FUNDS.

elm
O'CLOCK.

CLOSING
PRICES.

Mexican, 5 per Cent. 1846 —
Ditto, Account l7l/B 17
Portuguese 5 per Cents. —
Ditto, 4 per Cent l7
Russian Bonds —

Spanish 5 per Cent. 1840.
Ditto 3 per Cent...
Ditto, Account 22 x d
Dividends on the at o, epa a-,;11 be London.
Dutch 2 4 per Cent., 12 Guild..,. 45 451,4
PRICES OF ~m. BUSINESS DONE CLOSING
RAILWAY SHARES. s'-'• AT ONE O'CLOCK. PRICES
Aberdeen
Amber., Nott., Boston,
and Eastern Junction 33/4 ......
Ayrshire and Galloway.. 214
Belfast & County Down 16 -
Birmingham and Ox-
ford Junction .... ... 20
Birmingham, Wolver-
hampton, and Dudley 10 .....
Birming.,Wolverh'pton,
and Stour Valley 121. 4s ...
Birkenhead, Lancashf

ire,
and Cheshire June.... 10
Boston, Stamfd & Birm. 5
Bristol and Exeter B5
Ditto, Thirds ... ...... 25
Buckingbanithire... 141. '

-g---- 45. ....
Caledonian
Ditto, Half Shares
Ditto,Clydesdale June 50
Chester and Holyhead... 424...... 20 2014
Ditto, Preference
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 Junc. 30 ......
Dundalk & Enniskillen 171 A ...... East Anglia, 251., L. & ..

. ...,
E. and L. and D...... 25 •... —
Do., 181., E. & H.... 18 ••—•
ey,
Do., 31. 105. ......... 3% ..
....... .
--.'
Eastern Coueties...
.... 20 ...... 14% 14%
Do. New Guaranteed
D i6t tpoe,
Cent.,Er
. Nte el
oi
.nt s.li
.o . n
~ 5. .p6el . r 23;11. ‘ ...... :
I/I d
3 4d...
Ditto ditto, No. 2...61.
Do. North. & Eastern 50
...........•
P 9
..
Do., 5 per cent.
..
..
........
Do. Quarters .. 12% l2
Do. New
Eastern Union, Class AU. (late
E.
Shares) 25
Ditto, Class A, ditto... 1 ......
Ditto, Class B (1. &
and B.) 2O
Ditto, Class C, ditto... 17%. ....
Do. Scrip (6 percent.) 10
Ditto, ditto .. .. 20
Ditto (C. & E.) guar. _
5 per cent.— ...... 2% -. —
East Lancashire
Ditto, New
Ditto, New Quarters 614, ......
113 4....

123 i

Do., 6 per Cent. Pre-
ference Quarters ..• 2A
East Lincolnshire ...... 201/2
Edinburgh and Glasgow 50
Ditto, Half Shares ... 15 ..
Ditto, Quarter Shares
Edinburgh and Northern 25
Ditto, New.............. 614
Ditto, Newport l3
Ditto, ditto, New 334.
Exeter,Yeovil, & Dorch
Ditto, New
Glasgow, Dumfries, and
Carlisle ....... ~81.65. 8d....
Glasgow,Kilmar., & Ayr 50 ......
Ditto, New ••••
... . 40
Do. Preference Consol. 15
***
• ..... •
Great Northern
....... 15
Do., London and York 21/2 —
;neat South. and West.
( Ireland)
.......... 251/2
Great North of England.loo ......233 234 234
Ditto, New, 40/ .........
••••• 15
Ditto, New, 30/ 3O
Ditto, New, 151,,,,,,,,, .•"•.
Great We5tern.........111/2.. ......... ......
90 ...
Ditto, 1,6 Shares
Ditto, 14 Shares .... 21
......
Ditto, Fifth 5........... 20
Ditto, New 171... 13
Huddersfield and Manch. 26
.. • ....
Ditto, Thirds ....... 9
H ..
—'ull and Selby
.....
......
50
Ditto, Half Shares •
"'25 ..
, •
......
Ditto -!.4 Shares .....
Lancaster and Carlisle... 50
—'
Ditto, Thirds
......... 10
Lancashire & Yorkshire 93
...............
Ditto, ditt0:......... 86
.............
Ditto, 1/2 Shares ...... 43
......
Do. Quarter Shares... 171/2 ..•. ..
............
Do. Fifths... 9
...... Do. Sixteenths 614
... .....
...............
...
Do. Thirds(Reg.) l3

„
••
Do. New, Gua. 6 peret. 2%•••
2•34% ............
Do. Liverp. and Bury 43
............
Ditto % (late Hud-
dersfield and Shelf.) 38
•••. .....
Do.(Wakefield,Ponte- •• ••

tract, and Goole) ... 50
Do.( W. Riding Union) 6 *
Do. (Preston & Wyre) 25

1,4

2%

. ........ .
............
Leeds and Bradford
Leeds, Dowebury, &c.... 471/2
Do., half Shares 22 'A1..... ••• ............
D0., (blue) Scrip
Leeds and Thirsk
Ditto, New
Do., Prefer., 6 per Ct. 311

Do. -!4 Shares (A),

.., 6 P' _ a
....,, . 0000000 *0 00000 .
Liverpool, Crosby and
Southport . sl,2 —
_.
Liverp., Manchester, and
Newcastle Janction... 2% ,•••=1

. MUNE V arid COMMERCIAL NEWS.
CITY, QUARTER TO 7 HREE
In the Cotton Market at Liverpool on Saturday, the
sales were 6,000 bales. The quotations were firm.
American realised 3id. to Std. per lb. In Railway
Shares there was less doing, but the market was
steady.
In the continental papers there is no news of [parti-
cular interest. The weather abroad appears to have
been as unsettled as it is here.
The Money Market is very easy, and there is in-
creased difficulty in finding employment for surplus
cash. The arrival of the Colliagwood from South
America with such a large amount of silver coin and
bulli in, will add to the stock here, but can scarcely
render di►counts easier than they are upon first-class
paper. The complaint still is that bills of good charac-
ter, though not of the very highest denominatioe, pay a
much larger rate relatively, such is the want of con-
fidence.
The Cunard steamer, America, brings accounts frotsi
New York of June 27, and late news from the British
colonies. The exports of specie from New York from
January 1 to June 24, were 7,323,606 dollars, but
the steamer brings only 15,000 dollars. It is stated
that " The importation of specie into the United
Suites, which immediately follows a large exportation
to bread stuffs, is considered a very favourable feature.
anti another evidence of the importance of a foreign
demand for food of every variety; but the steady re-
duction in the value of cotton is lost sight of for the
moment, and is only realised when the shipment of
bread stuffs ceases, and the counter-current of specie
commences. The depreciation in the market price of
cotton already exported this year is about 50 per cent.,
making in the aggregate, a decrease in the value
of the same quantity, compared with last year,
of at least twenty millions of dollars. This
is a real loss, and it is possible that it may be
doubled before a change takes place. The only
hope for any immediate improvement in prices for this