The Sun.
London, England, 1851-07-02 00:00:00

MONEY and COMMERCIAL NEWS.

CITY. TWO O'CLOCK.
The sales of Cotton at Liverpool yesterday were es-
timated at from 2;000 to 2,500 bales, including 1,800
American and 200 Egyptian, et 6d. to 74,1. per ib.
The market was flat, and ell kinds were declining in
price.—Railway Shares were dull, at rather lower prices.
The most itit. resting intelligence by the steamer Pa-
cific relates to the destructive fire at San Francisco; and
we regret to learn that at Stockton. ulso, there bad been
ratber a serious conflagration; and the following very
interesting reflections as to the consequences are in-
dulged by a local writer:—" The question is frequently
asked, what will be the effect upon business of the con-
fisgratioa which has devastated so large a portion of our
city? The answer to it is a matter of serious concern.
That the fire has utterly ruined many, very many, is a
lamentable fact; but there are hundreds who, though
prostrated for the present, are not entirely ruined. Much
of the business property of our city for acme time
to come will depend upon the forbearance of
these who hold the liabilities of the unfortu-
nate sufferers by the conflagration. It has
been suggested that an extra session of the Legislature
should be called, with a view to the passage of a ' stop
law,' having for its object the prevention of the forcible
collection of demands for a twelvemonth. But any one
who looks at such a proposition coolly, must at once
come to the conclusion that it would be quite as disas-
trous as the recent disaster. As we before remarked, all
that is required now to put business in a comparatively
full tide of success in a short time, is confidence and for-
bearance. San Francisco can and will retrieve her pre-
sent disastrous fortune; but, in order to do this, our
bankers and moneyed men who hold securities must be
patient. To enforce payment now would drive
men of energy and enterprise to seek other locali-
ties to escape further ruin and legel oppression.
Give them but a fair opportunity and they will pay
every dollar and fulfil every contract. They can-
not be kept down, nor will they themselves
be content to remain inactive. A monetary cessation
of business will necessarily follow the disaster, but a
short time only will be required to restore the wonted
commercial activity and prosperity. No other city in
the world but San Francisco could pass through the
fiery ordeals which we have so many times been called
upon to chronicle, and yet rise, Phosnix-like, with
power renewed and energies uncrippled. It has done it
in the past, and will accomplish the like in the future.
A glorious career is before her yet. A few months, at
most, will serve to dissipate the effects of the de-
structive conflagration, and her course will again be
onward."

The merchants of New York, it is apprehended, will
suffer most by the fire, and possibly some may be ruined.
The following, from the circular of Messrs. Schroeder
and Mummy, of New Orleans, dated June 7, and pub-
lished by Mr. James Irvine, of Liverpool, gives the busi-
ness done in Cotton:—" We mentioned in our last cir-
cular of the 24th ult. the firmer attitude of our cotton
market, which was still more enhanced by the sudden
decline in freights. The Baltic's accounts, with a decline
off to however, which were received late on the same
day, paralyzed business entirely, and no sales of any
amount were made until after receipt of the Canada's
news, which reached here on Tuesday. The intelli-
gence brought by the latter steamer, reporting an im-
provement in the Liverpool market, imparted more firm-
ness to ours. and some 7,500 bales were sold at better
prices, similar to those at the close of the preceding
week, making the sales of the seven days about 13,000
bales. This week opened with a very limited demand,
parties appearing desirous to receive later accounts per
steamer Asia, and daily sales of about '2,000 bales were
effected at feeble prices. The Asia's accounts came to
hand on Wednesday evening, and the tenor of the same
reporting a decline of fully f sterling, and showing such
a large increase in stocks, proved of such a gloomy cha-
racter that our factors showed more anxiety to realize,
and some 3,500 bales were sold in consequence at declin-
ing prices. Sales of the week 13,000 bales. The decline
here is heaviest on the description from middling, down-
wards, the better kinds being better maintained. Gene-
rally prices are irregular, inferior to good ordinary is
selling at 5 to 'Tic., mixed lists of middling 8 to 8i; even
running lists of middling cannot be had under 8} to Bi,
good middling 9 to 9f ; fair 10 to 10k; finer grades
nominal. The weather continues very fine, and though
some complaints are made about want of rain, we think
that the crop has been much benefited by the last five
weeks. Sales during the last fortnight, 25,900 bales.
Receipts at this port since Ist September, 925,927 bales,
against 771,357 bales last year. Increase of receipts at
all the ports up to latest dates, 281,588 bales."
Accounts of June 11 from Kingston, Jamaica, via the
United States, mention that the weather was most de-
lightful in the country parts, owing to the seasonable
rains.

From Holland we have a report of the meeting of the
Dutch Rhenish Railway shareholders, and it is considered
vary satisfactory. The dividend declared is 90 cents.
per share. Decided economy has been effected in the
management of the line, and the interest upon the loan
of 9,000,000 florins was diminished 37,837 florins. There
is every prospect of a junction with the German lines
that will develop the traffic of the Dutch Rhenish.
The English Funds have been rather steadier, but
less business has been transacted. Consols are 97 to
for Account. The New Three-and-a-Quarter per
Cents. have been 98} to ;-1, and the Three per Cents.
971 to Bank Stock has been very firm at 214.
Exchequer-bills have been very firm at the premium of
465. and 495. East India Bonds are 565. to 595. premium.
The dividends on Consols, &c., will be paid on this
day week.
Foreign Securities have been neglected. Spanish Five
per Cents are 21k to and the Three per Cents 39# to
Peruvian Five per Cents. have been quoted 90, and
the Deferred Bonds 43. Dutch Two-and-a-Half per
Cents. are 58k to 1.
Railway Shares have been variable again, partly
owing to the decline at Liverpool, but it should be re-
membered that there is always a rebound. On the
whole, the market has been better this morning. South-
Western, East Lancashire, North Stafford, and South-
Eastern are in most favour. Great Northern and Mid-
land are rather heavy. French Shares are buoyant, and
there is a demand for Dutch Rhenish.
QUARTER TO THREE.
Shut.
97 ex div.

Consols •••
Ditto Account

ONE
PRICES OF BRITISH FUNDS O'CLOCIC.
Sank Stock
3 ei Cent. Redueed Anne.
New VA per Cent. Anu5......... 9BlOl
...ong Anne. to expire Jan.lB6o 7 7-16 7%
Ditto, 30 years, Oct. 10, 1859.-- 7 3-16 7
India Bonds, 1,0001....
Oitto under 1,000/........ . 59 56 p
Consols for Account
Exchequer liilla. I%d.
1,000/.
500/.
Small, ..

CLOSING
PRICES.
214
971,4
9.
71
71A3

ONE

PRICES OF FOREIGN FUNDS. O'CLOCK.
Mixican, 5 per Ct., ex Jan. Coupe.
Ditto, Small
Peruvian Bonds, 5 per Cent..
Ditto, Account
Ditto, Deferred ..... 43
Portuguese 5 per Cents.
Ditto, 4 per Cent.
Spi,nlsh 5 per Cont. 1840
Ditto Account 214%
Ditto. 3 per Cent
Ditto. Account