The Sun.
London, England, 1851-05-13 00:00:00

MONEY and COMMERCIAL NEWS.
CITY, TWO O'CLOCK.
The sales of Cotton at Liverpool yesterday were estimated
at from 3,000 to 4,000 bales, clmprisi,.g 00 _Femora and
Maranham at 71,id. to 734 d., 150 Egyptian at 71A d. to 8
300 Surat at 4d. to 4 d., and the remainder chiefly Ameri-
can. The market was in a declining state, and prices of all
kinds were IA d. lower. Railway Shares were heavy at lower
prices.
Senor Don Manuel Payno arrived in London on Sunday,
and this afternoon sent to the Chairman of the Committee of
Mexican Bondholders the original document executed in
their favour for 2,500,000 dolls. out of the American indemnity
money. Senor Payno is instructed by his Government to do
the needful for the punctual payment of the next dividend,
and for the immediate issue of the new bonds. He contra-
dicts the rumour of any intention on the part of Mexico to
negotiate another loan for 6,000,000 to 8,000,000 dolls., on
the security of the revenue of the clergy, and says that up
to the d tte of the departure of the last packet from Vera
Cruz neither had such a loan been broached in Congress,
nor had the President received any authority to effect, or
Senor Payno any instructions to negotiate one.
At a meeting of the Committee of Spanish American Bond-
holders, held the 9th May, and specially called for the pur-
pose of considering the Buenos Ayrean debt, it was resolved
unanimously :
" That this Committee, considering the period has un-
doubtedly arrived when the financial situation of Buenos
Ayres enables her to resume the payment of the dividends
in full on the English lean of Messrs. Baring, Brothers, and
Co., and to enter into an equitable arrangement for its ar-
rears ; sad also aware that the Government of Buenos Ayres,
under its distinguished President, General Roses, is sincerely
desirous to re-establish the financial credit of his country, to
fulfil the sacred obligations of national faith, and to do full
justice to the British bondholders, hereby appoint David Ro-
bertson, Esq., and Joseph Tasker, Esq., members of their
body, to act as a sub-committee in behalf of the thews
Ayrean bondholders (toe former gentleman as chairman), to
take such steps as they may think fit and proper to effect a
settlement of the same at the earliest pccible period, in con-
junction with, and under the guidance of the Messrs,
Airings."

The letters by the steam-ship America have been delivered
this morning. Bills of exchange on London were in request
at 10% to 103,E per cent premium. Public Securities were
drooping. About 7,688,000 dollars had exported from New
York this year to the 29th ult., being nearly as much as had
arrived from Californio. Upcn the subject of the import
market it is stated—" The total value of dry goods put upon
the market, this week is 856,954 dolls., showing a falling off
of 200,195 dolls. compared with the week previous. The
value of foreign dry goods put upon the market for the week
ending the 2d April was 920,813 dolls. ; week ending
9th, 741,928 dolls. ; week ending 16th, 1,057,149
dolls.: total value for four weeks ending April 23d,
3,579;c444 dolls. The Importations are not large enough
to create much remark, and will probably continua
through the season at about the same rate they are now
coining in. Prices realised thus far this season have not
been at all satisfactory, and large losses must be submitted
to on stocks now on hand before the fall trade commences.
The raw material for most manufactured articles is likely to
be much cheaper than at present, and in that event, goods
already in the market will stand a very poor chance of pay-
ing cost." The Wheat crop in Ohio and New York is
spoken of as being particularly promising.
The Canada advices notice the opening of the navigation,
the merchant-ship Toronto having arrived out at Quebec on
the 20th ult. This vessel left Liverpool on the 17th March,
some days after the London vessel.
Some attention has been excited by the proceedings at the
Mansion-house yesterday, in connexion with the discharge
of a gang of Dutch thieves, in whose possession a consider-
able amount of bonds was found. The desirability of an ex-
tradition treaty between England and Holland is clearly
shown by the case in point.
The English Funds have been rather flatter, and the set-
tlement of account is gi ing off without difficulty. Consols
have been 97 to 974 for Transfer, and 974 for the 10th
of June. Bank Stock is worth 211, a slight improvement.
Exchequer-bills have been quoted 491. to 525. and India
Bonds 535. to 545. prem. The New Three-mad. a. Quarter
per Cents. have been 973/ to 98.
Foreign Securities have been rather heavy. Spanish
Five per Cents. have been marked 19%, an i the Passive
5%, being very firm. Portuguese Four per Cents. have been
334. Brazilian small Stock has realised 89 to 90. The
quotation of Mexican Bonds continues at 35% :Y4. Russian
Four-and-a-Half per tents. have been 99 to par, and
Dutch Four per Cents. 89 %. Danish Bonds are 102
to 103.
There is to be a meeting on Thursday of parties interested
in the French railways, for which concessions were formerly
granted, but which, owing to the political difficuldes among
our neighbours, could never be made available. The
" caution money" remains in the hands of the French Go-
vernment, and as new parties are tendering to make the lines,
it is feared the amount may be confiscated. To come, there-
fore, to some arrangement in this respect is the object of the
parties interested.
The Railway Share Market has not been so depressed as
during the last day or two, but no sensible improvement can
be noted, and the business doing is very contracted. Good
traffic returns would soon give a tone to prices.