The Sun.
London, England, 1851-05-12 00:00:00

MONEY and COMMERCIAL NEWS.
O'CLOCK.
The sales of Cotton at '
Liveryool on Saturday were
estimated at 5,000 bales, of which 500 were taken for
export and on speculation. The sales comprised 4,000
American, 300 Pernam and Maranham at 7id. to 71de
100 Egyptian at 74d. to Vld., and 500 Surat at 41d. to
44d. per lb. The market closed with more confidence.
but without alteration in prices.—Railway Shares were
dull at declining prices. •
The following letter has been received upon the sub-
ject of Ecuador bonds, and we may remark, by the way,
that although the writer is correct in some of his as-
sumptions, he takes, like other creditors, rather too light -
a view of the expense of sending out special agents. To
charge such an expense upon a committee is obviously not
proper, even at the outset. The bondholders at large
should subscribe. Probably we may be told they would
readily do this, and, if so, a requisition, and a statement
to that effect would be desireable. We have seen much
of the d:fficulty of getting subscriptions even from the
largo body of Spanish bondholders, although, it must be
admitted, they have been more willing of late when the
prospect seemed brighter. The remuneration promised to
Mr. Falconnet, the Mexican Commissioner, is 10,0001.,
and, as circumstances have turned out, he has really
had very little to do, and will gladly return, we believe,
and surrender a large portion of the sum agreed On;
still he has proved useful, no doubt. The letter upon
the Ecuador claims is as follows:
" Sir,—The committees of Mexican and Spanish An)"
rican Bondholders, appointed to effect a settlement of
the debts with the various foreign states, contracted et•
different times with Great Britain, are at this time con-
ducting their negotiations with unremitting attention
and perseverance, to obtain the end sought for. There
is a commissioner in Mexico, unceasing in his endow'
yours, endeavouring by all possible means to prevail oa
the Government of that republic to ratify without fur-
ther delay the recent conclusions arrived at by the bond-
holders here, that their property might be placed on
firm basis, and the interest on the debt in future be
punctually paid. There is another in Madrid, labours
ing, although with less prospect of success than the for-
mer, for reasons obvious, and that, according to the old
adage,' Where there is a will there is generally a rile
but not much -ef that honesty of intention, I rerget to
say, is conspicuous in the present case. Then ttAere is $
third, which we have reason to hope and export is
patched before this time to the republic of Ecuador.
The arranging arid settlement of this long-standing
debt is occupying a large share of attention by the
holders cf the bonds, and we find it stated very recent'y
that the cause of the delay in sending a commissioner to'
effect an arrangement with the republic, has been
chiefly the distracted state of the country; but since the
arrival of the last mail from that part, Mr. 'W. -
Ro
bertsou, the Consul-General of Ecuadoa
the restoration of tranquillity in "
has announced
being the case, I trust yon 7 -
•
ture in my anticipations as fXIII not consider me prema-
.\ ..•
that republic. Such
able news to all concerned iratlA, is remnant of the old
e
Columbian debt. It is time so probability of favour..
tain a settlement. As long back ism was done
i to o'a-
d 6
were received by the Committee fr.
'rs. Powlesp
November a vine
Wilson, and Co., at Bogota, stating
had not yet
dispatched an agent to the republicst Mess
eaV4_,uador, but
they were prepared to do so as soot..
should learn the Government was ZS they
blished. Although the Committee must havV°
advised of the trarquil state of the country, nonbeen
to that effect of a public nature was made known; neitikip,„ ;
was the subject mentioned, neither an agent had bee
dispatched to that state to advoeote the claims of tH-.,„4,
:
patient, but long-injured bondholders here. I trust thS:
important subject is not standing still when an opport
nity is presenting itself. The republic is in a tranquil_
lizsd state. Willingness exists on the part of the bond 4"
holders here to give their sanction with the recommen-
dation of the Committee to any arrangement in reason
that might be concluded with the Republic for a settle- 3/4
meat of ourlong-standing claims. The debt of the Ecu-
ador Slate is but small in itself, a very little more than
one-fifth of the original loan when granted in 1824, an
appropriated to their part, say, in round numbers, under
1,000,0001. sterling, exclusive of the over-due coupons;
and if the difficulty in connexion with the conversion of
the over-due coupons can be surmounted, I think we
shall soon be placed in a position to expect sonaeth
- -
in the shape of interest fer our money.
" A HOLDER or ECUADOR €ONDs •"
Tho steamer Niagara from the United rtes is tele-
graphed as having arrived at Liverpool.
the quotation
The Hamburgh mail of Friday brings he
for bills of exchange on London steady at 13 3. Money
was easy. In Coffee there was more doiogl but without
any particular change in prices.
A statement of the position of the flational Bank of
Belgium gives the assets at 69,000,N0 francs. The
liabilities include 24,000,000 francs of circulation.
The English Funds have been tolerably well supported
and with a few money purchases making, but they have •
become slightly weaker since the commencement of bu- • :-A
siness this morning. Consols have been quoted 97i to
for Transfer, and the same for Account. The New
Three• and•a•Quarter per Cents, have been marked
97i to 98, and the Three per Cents. 96k. Bank
Stock has been at 210 to 210 k and steady. Exchequer-
bills remain at 495. to 523. premium, and India Bonds
are 535. premium.
Foreign Stocks are not generally brisk, but Spanish
Bonds have been very firm in consequence of the intelli-
gence that preparation is already being made at Madrid„
to set apart the amount requisite to meet the half-year's i.
interest promised under the proposed new arrangements.
The Five per Cents. have been 191 8, and the Three
per Cents. 39k. Portguese Four per Cents. have been
quoted 33i to 34. Buenos Ayres Stock is 55i to 56, and
Peruvian Five per Cents. have been 83. Russian Fent*
and-a-lialf per Cents. have been marked par.
The Railway Share market continues in a depressed
and fluctuating condition, and the speculators are parti-
cularly active for the fall. North-Western, Great
Western, South-Eastern, Midland, and the smaller lino
are all lower.

QUARTER TO THREE.
... 97i 1
••• 97
ONE
PEICES OF BRITIsa FUNDS O'CLOCK.
Bank Stock
3 :rtlr Cent. Reduced Anne.
3 per Cent. Consols Aimuites...
hT9w 3 per Cent. Anne..
E. ,ns: Azin s. to expire .4440.1860
Ditto 30 year, Jan. 5, 1860. 7%
India Bowie, 1,000/ .... . ..... 53 p
Consols for Account 97Ut 3(3
Exchequer Bills. I 4cl.
1,0001.
5001. .. ......... .... 49 62 p
Sni2ll„ .. .. ...... .. ...... 49 52 p

Comae .., ~ ..,
Ditto Account, May 13 ...

ZLOSINdt
PRICES.
210
96t0
9T c
97
53 p

p
52 p
52 p
CLOSI)IG
PRICEf3.
89
56

ONE
PRICES OF FOREIGN FUNDS. O'CLOCK.
Prazi!ian Bon& . . ..... ...... -.. .. ......
Buenos Ayres Bonds, 6 per Cent..,.,,, 5512 56
Danish Bonds, 184!5,3 por Cent. ...
Do., 5 per cent
',. Mexican, 5 por Cent .1846, with Coupons—
Ditto, Ex Jan. Coupons •••.....,
Ditto, Account ..:
Peruvian Bonds, 5 OW Cent... 8.3
Ditto Deferred
Portuguese 5 per Cants.
Ditto, 4 per Cent.
Ditto, Account ..
Russian Bonds
.....
s we
Ditto, 4% per Ce/ 1.4,
it
Spanish. 5 put Cont. 1840, —
Ditto Account... 19%.36
Ditto, Passive.... 5% is
Ditto. 3 per Cent —
Ditto, Account ........ ...
Venezuela Bonds, 2 lizi per Cent ..• 331/4
Dividends on the above payable in London.

LLOYD'S .
~ 77-Slll2—lPWPinldrliatGn—oon( North,Tlil SlignhtAbrYee2
LONDON, ~..AY •
and dull cloudy weather.
Cows.—Sld. Rica, Adelaide, South Australia and Port
Philip.
PILL.—SId. Feliza, Trinidad; Lyra, Barbadoes; Nep-
tune, ditto.
FETzniiiran, MAY 11.—The Union, arrived here from
Greenland with 9,000 seals, about 100 tons, reports the follow-
-1 Germanic., of ditto,
3,000 ; Ilebe, of ditto, 400; Rufus,
sineaglson; It'llasm2i9ntghou,ito.f:—Hl'ulali,r);:gbovith 3,000 seals ; Pomona, 0,000
seals;
ditto, 800 ; and that the following had of dbietetn iOO
repoortedSwtoanhimof
previously :—Commerce, with 3,000 seals • Dublin, 8,000;
Columbia, 1,400; Eclipse, 700; Hamilton Ross, 800; Mar-
garitha, 1,400; North of Scotland, 2,000; Resolution, 500;
Traveller, 11,000; and Victor, 'lOO seals.
LIVERPOOL, MAY 11.—Wind E.S.E., fresh.—Arrd. Man-
zanilla Magdalina , Valparaiso ; Choice, Buenos Ayres ;
Thomas Church, New Orleans; Esmeralda, Mobile; Ara-
bian, Charleston; Columbia, New York; Empire State,
New York. Sld. James Calder, Charleston ; Barbara, Ba-
thurst; Admiral :Nelson, Gaspe; Wm. Wilberforce, New-
foundland; Mary, lla•vannali ; Africa, Buenos Ayres; Trea-
surer, Barbadoes ; Mica steamer, New York ; Granville,
Newfoundland ; Olivia, N
The Zleew York.
WEXFORD, MAy 11 .
Pier of Killinore, h ..,eing very leaky; Ppartu Zaritza is sunk at the
of cargo expected
to be saved.
CIIRISTIANSAND, MAT s.—The Beurs von Schiedam,
mLeaghorn to Cronstadt, has been assisted in leaky, with fore-
st sprung, and must repair.
f
LEAL, MAY 11.—Wind N.W. to N.E.;
foggy.— Ar rd. Stad Utrecht, Batavia for
Olegon,llavannah, for St. Petersburgh ; Soloot, ,
Grenada;
for llamburgh; Pleiades, Barbadoes; Elizabeth,
Jamaica.
Maria hardy, Tobago; Marie, Grenada.rNeff Zealand;
Grenada; 1
e
Amsterdamrß.7:oir, N E.,
jane Janeiro
Arrd. from the River and sld., Dorn
Bungalore, New Zealand ; Scindia, St. _
illelena and Mauri-
tius ; Propontis steamer, Madeiraand c
Victoria, New York. Sid- I undellse of Good Hope;
Blundell, Adelaide, South
apparently. American, of
about 150 tons, with masts gone .
Australia. The Hull of a
vessele,lose to the deck, bowsprit
and
dd paintedjtiwbobowombite
tern, was passed 21st April full
a plain white broad moulding,
the
lsat. 89 N., long. 39 w. The Le-
stiir,own.bite,
the Cline toßloc , ,
ton was fallen in with in
titia, of Wisbeach,
in at. 28 N., long. 44; crew
state 2i th Ap,.
of water and abandoned, in
a sinking
taken off by the Reserve
MAY Eagle, of and from Liverpool for
BELFAST, 7.—'Theafter being on the North and
has put in leaky,
Randers, arrived here.
South Rocks..., o —The Frederick, Calmar to Alaimo°,
BOLDERA, .0...AY ....
ja when the former immediately filled; crew
was in contact, in the night of the 17th April off Bornholm,
with the Agenor , .
Karen F •
saved Ape-IL 28.—The %.erstine, of and bound
uRDISTAD,
left the Agger Canal 26th March, and has not
d by the latter, arrived here.
to this place,
since been heard of.
ST. BETFICSBURGIT, Mar 2.—A steamer has to-day for
the first time made the passage from Cronstadt to town.

True politeness is perfect ease and freedom. It
simpl-; consists in treating others just as you love to be
eated yourself.—Eliza Cook's Journal.
LIVERPOOL, SUNDAY. DEPARTURE OF THE
AFnica STEAM-skip.—At three o'clock on Saturday the
British and North American Royal Mail steam-ship Com-
pany's vessel the Africa, Captain Lott, left the Mersey for
New York direct, conveying the usual mails, for the United
States and the British provinces. She had on board ninety-
eight passengers, being by far a greater number than have
of late left Liverpool for the States. The next inward-bound
steamer is the Axaerica, which is expected in the course of
to-day (Sunday),