The Sun.
London, England, 1851-05-27 00:00:00

MAY 27, 1851.

THE SHARE MARKETS

Railways.

Joao

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8 6 8

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47%
All

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all
all

IN
163
4%

123 to 13 112%

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77 -79
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2034 - 2134 2034

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all

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96 —97

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4 —454 p.
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57 56;

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PXXXD NOINTALS.

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.
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—234 p.

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I' COT,: Cnper,

NI

rsk.

MONEY and CONEUEUCIAL
T 0 OGL
C7' Q)C.K.
The sales of Cotton at Live1
rpool yesterday were estimated
at 9,000 bales, of which 1,000
were taken for exportatiun and
1,500 on speculation. The sales comprised about 8,000
American, 500 Egyptian at C%d. to 81ed., and 500 Surat at
31d. to 4%d. per lb. The market closed firmly.—,Railway
Shares were firm at previous rates.
Although the advices from Liverpool are, upon the whole,
more satisfactory than they we e about a week since, they
do not relieve us entirely of th impression that more than one
firm has been shaken through the recent fall in C tton to an
extent that will not easily be recovered, and that their
Position may even yet be regarded as critical. We indulge,
nevertheless, a si core hope that the unfavourable rumours
in circulation will not be verified, and that by forbearance
and tact the houses involved will recover themselves,
having moetic ample means, although perhaps not im-
mediately available. The accounts from America are more
favourable for the speculators, as far as they confirm the
previous statement of fros'y weather, but prices had nut
risen upo + it in the United States, the arrivals of the plant
being so large at the sea board.
Halifax papers received contain another of Mr. Howe's
railroad dispatches, dated London, April 4th. In this do-
cument. Mr. Bowe states that he will be prepared to show
the Lieutenant-Governor of New Brunswick that while, by
accepting the generous and advantageous proposition of the
British Government. New Brunswick would obtain two
railroads for a trifle more than one made with her
own resources would cost, she would, by falling
into the general scheme, run but little risk,
and throw into her wilderness lands in a ve y
short time at least half a million of people. We
find, likewise, in this dispatch, reference made to the terms
upon which the British Government is content to aid the
provinces. He says they are not less favourable than those
given to the propri tors of encumbered estates in the mother
country. These parties pay for 00/. ste.'ling 612 per cent.
for twenty-two years, which extinguishes the debt,
' paying in full principal and interest. Those, he
remarks, who wi,le the colonies to make their
our railroads with emerican capital or contractors, propose
that we should give our debentures, redeemable in 25 years,
ail' bearing interest at 6 per cent. If they did this, it is
quite clear that they would make a r inous and unnecessary
sacrifice, paying in interest alone a sum nearly equal to the
whole amount borrowed by either mode, and then having to
repay the principa: besides. Referring to the debentures
issued by the city of Montreal in favour of the
Portland Railroad, we are furnished with the following
piece of information to show their value in
the London money market, unsupported as they are by the
Provincial or Imperial Govereme t, namely—that the agents
of Blackwood and Co. (American contractors), who ac-
' ,cepted, as part payment of their work on the St. Lawrence
" and Atlantic Railroad, 125,000/. Six per Cent. City of Mon-
treal Bonds at;par, sold them lately in London at the price
of 70 per 100/. Mr. Howe concludes his dispatch
by stating that he will be prepared to submit
propositions by which any amount of funds which may
be required can be obtained, on provincial credit alone, at 5
and 6 per cent., from banks and individuals of the highest
respectability, who will ispose of our debentures on the
most favourable terms. He further states that he will be
prepared to submit the offers of capitalists and contractors
who have made one-third of all the railroads is the. United Kingdom, and who will complete working plans
at their own expense, lodge thirty thousand pontids in the
Provincial Treasury as a pledge of their good faith, and con-
struct either Nova Scotia's own lines (should the provinces
not agree) on all e lines contemplated by Mr. Howes's
letter of the 10th of March, on terms much more favourable
than any railroads have been, or can be, completed with co-
lonial or American funds.
The pecuniary subscribers to the movement for establish-
ing tribunals of commerce now represent the following
branches:—Corr', ins, Brewers, Coal, Culoniat, Hyde,
German, Greek, Sugar Refiners, Brazilian, East India, North
America, Architects, Manchester, Spanish, Sweden, Stock
Exchange, &c. The number of members in the committee
bas also been increased.
The Stock Market has been very firm, but Consols have
not touched the highest price of yesterday, and the amount
of business doing is very limited. The quotations have been
97% to 98 fur Transfer, and to 9, tor the Account The
New Three-and-a-Quarter per I eets. have been quoted 981/13
dim to A. and the Three per Cents. 97 to 14. Bank Stock has
dle• been firm at 2104 to 211. Exchequer-bills have been quoted
40e. to 42e., and India Bonds 495. to 518. premium. Consols
now are 97% % for Money and Time.
Foreign Securities have ben steady, but not animeted.
Spanish Five per Cents. bring 20,,e, and the Passive 57b to 6. Portuguese Four per Cents, have been 32 o 34.
Peruvian Deferred Bonds have been at Y 8 to 38%, and
Equador at 37ee. Buenos Ayres have risen to 58%. Brazi-
lian are 89 to 90. Russian Feur-and-a-Halt per Cents.
have been at 10114; and French Three per Cents. at 56.00,
% 23% with the Exchange at 25.
Railway Shares have given way, and this is again more
the effect of inertion than of a pressure of sales. The 100/.
shares are about 10s. to 1/, lower, and South-Eastern have
declined to nearly the same extent. The smaller shares are
%to IA worse. Foreign Shares have been merely a shade
cheaper. Some of them, at the present rates, are considered
to offer a very decided temptation for investment, and moat
of the French lines would pay a buyer 7 per cent.

QUAL(TER TO THREE.
Consols 97A
Ditto Account, June 10 ... 9%- 1 9B
BRITISH FUNDS THIS DAY AT ONE O'CLOCK.
(From the Official List.)
Sank Stock 21014 211
par Cent. Reduced 9714 97 •
8 per Cent. Consols Anna
New Ski per Cent. Ann.,.
New 5 per Cent. Annuities 122
Long AnnutheA. N...kp. Jan. sth, (860.., 7 5-16
D 0.30 Years, Expire Oct. 10,1859 7 1-16
Do. 30 Years, Expire Jan. 5, 1860 7 9-16
India Stock
Do. Bonds. 10001. 5l p
Ditto under 1.0001.
Consols for Account 9B 97%
Z BillE. I/4 d
1,0001. ..
Small — 42 p
Ditto Advertised • 40 37 p
PRICE OF FOREIGN FUNDS AT ONE O'CLOCK.
Brazilian Bonds. 5 per Cent.
Ditto Account .
Ditto.Newßonds,lB29 and 1839 83
Buenos Ayres Bonds. 6 per Cent. ... 58%
Chilian Bonds,6per Cent . 1031/s
Equador Bonds
Peruvian Bonds, 5 per Cent ....
Do. Deferred
Rassian Bonds. 1822, 5 per Cent —
Ditto 41e2 per Cent. 101!4
Spanish Bonds, 5 per Cent —
Ditto for the Account
Ditto Passive Bonds 5%% 6
bpanish Bonds,3 per Cent,lB4o
qivition.is on the above payable in London
French Rentes, 3 per Cent
Exchange .. 2sf.

LLOYD'S SHIPI /LING.-4 I ills DAY.
LONDON, MAY 27.—Wind at noon N.%V., moderate
bre. z, and fine.

DEAL, MAY 26.—Wind N. to N.N.E.—Arrd. from
the river and sailed from Cicero, Grenada. Sld. the
outward bound.
CowEs, MAY 26 —Wind NN.W.—Arrd. Sylphirle.
Byrne!), for Grp) town, San Juan de Nicaragua. Sid.
Scindiin, St.
GRIMSBY, MAY 26.—Wind N. to N.E.—Sld. Mentor,
Quk. bec.

GENOA, MAY 21.—ThA Levantine steamer put back
to NAph s ]5 h 11a), with sore• damage.
BOSTON, MAY 14.—Tbe British brie, Wyke Reeis,
from Cardiff, grounded on 'h.. bar et Wilmington, N.C.,
but was expected off the following tide.
BRISTOL, MAY 26. Wind N.W.—Arrd. Superb,
Harannab; Mariner, Buenos Ayres; Rambler, ditto.
NEWPORT, MAY 26 —Wind N. W.—Sid. Brilliant,
Fernado Po; Stirlineshire, Mobile.
LIVERPOOL, MAY 26 VI/ ind N.N.W.—Arrd. Jane
Duffus, Patagonia; Havvkbill, Sr. Domingo. Sid.
Eliza-
beth Bruce, Mobile; Guizacbart, Calcutta; Hebrides,
ditto; Elias Mori-Lon, Bombay.; Plata, Rio Janeiro;
Ann Hope, Maracaibo; Margaret, Charleston; Runny-
mede, if.iy Chaleur; Argo, Quebec; Huron, ditto; Jobh
Wishart, Newfoundland. The Sovereign, Porritt, sailed
from Halifax, United States, on the 4tb of March last
fur this port, and has not since been heard of.
HALIFAX, MAY 12,—Tbe schooner Bloater, St. John's,
Newfoundland, to Placentia, was dismasted 27th April,
end went on shore in Lawne Bay on the 21st; crew
saved.

MARKET NE WS.—(THIS DAY.)
RAY IKARZETS.
SMITHFIELD.—Meadow Ela), 31 Os to 41 6s; Clover,
31 bs to 41 10s; and Straw, 11 is to 1/ 9s per load.
A moderate supply, and a sluggish demand.
CUMBERLAND. Meadow .Hay, 31 Os to 41 81;
Clover, 3; 5s to 4/ 8s; and Strew, 1/ 2s to 1/ 11s per load
Trade steady, at our qu.)tatious.
WILITECISAPEL. -- Meadow Hay, 31 Os to 41 7s;
Clover, 3155 to 41 10s; and Straw, 1/1s to 1110 s per load,
Supply good, and trade dull.

COLONX.&II.
SUGAR. —The market for Brit sh Plantation is heavy,sales
about 620 hhds, &c., including 323 Jan:laic/ Trinidad, Gre
nada, and Barbadoes, at 33s to 40s 6d, establishing a decline
of 6d to Is par cwt since this day week. Bengal, 2,151 bags
mostly sold on rather easier terms; low to mid Benares 38.
6d to 41s, and Data kind of similar description at 33s to
3Ss 6d.

FOREIGN. A cargo of 1,700 boxes yellow Havannab
have been sold privately. The quantity of British Ilan.
tation lan red last week at the East and West
India Docks was 3,519 hhds 409 tierces' 1,500 barrels; there
were taken for home consumptions 664 hhds 96 tierces 107
hhds
offered barrels. The stock in the same places is 1,107 1,604 by
tierces 3,027 barrels.
COME. - 230 bags 46 casks Plantation Ceylon, h o
auction, were mostly bought in above the present market
value.
Russ.—The market is dull. The quantity 1
week, at the East and West India I •ocks, was 79anded last
hhda ; there were taken for home consumption 1326 puns, 12
1126
hhds; and exported 19 puns 87 lihds. The ttock in the same
places is 11,874 puns 1,467 hhda.
Rice.—
for low to good mid 046 bags
white. Bengal sold steadily,
at 8s 6d to 9s 6d
SricEs. —1,030 bags black Pepper, eastern, went at a fur-
ther decline of 14d per lb, from
,4 ,good half heav3
d to 3d Malabar sold privately at 3d
TA LLOW.—P. C. is 875 Ptedroinb.the spot, and Town 38s.
CorroN.— Although not. on er, this article is dull.
TEA.—There is nut much doing, awl prices are about the
same. The London deliveries last week were larger.

CHANCERY.—(THIS DAY.)
This was the first d4y of Trinity Term. Efis Lord
ship sat att, urn O'clock, tivel procr,ited with Li e case
Ha) v. Gray, an appeal molion, which ccoupied him th,
Whole morning.

ROLLS' COURT.—(THIS DAY.)
Ilia Lordbhip g,ave juilo3, nt tidb intonitig ill sey,-,ric
Unimportant (mains, and then procecd,d to hvar motimis,

VICE-CHANCERY.--(THIS DAY.)
(Before Vzce•l;hanedlor K BRUCE )
His Honour this morning disposed of t 4 nuiLber of
short motions.

(Before Lord CRANWoriTII.)
His Lordship v,asi Occupied Ltir morning with
su apphoistion to diggurre an injunotion againiq the
Insh-Westem