The Sun.
London, England, 1851-04-07 00:00:00

INC;

'REFER:

B 8A7i813.

Railways. I Paid. Nominal Prices. Business done
to-day.
-- --
Aberdeen •• • • 8 6 s % dis dia.
Caledonian 101. .. .. 10 6% —6%
Chester and Holyhead .. 15 16 16% x.d 16% x.d
East Anglian (31. 10s.)
6 per cent. .. •• 334 2% —2%
.Do. (51.) 7 pr. ct. Prof. b .. •
Do. (71. 175.) 7 p.c.'Pref. 2 •
Eastern Counties Eaten.,
5 per cent. No. 1 618 4 par p pm
Do. No. s .. .. 613 4 par p tar
Do. 34 ew 6p. cent. Stock 10 10% 11% 18%
Eastern Union, Scrip •
gnaran. 6 per cent. •• 20 16 16%
Do. 101. Deben. Shares . 10 -:.
East Lancashire, 6 per
cent. quarter shares .. 6% ••
Glasgow & S.-W. Consol 100 ..
Gt Northern. 5 per cent. 12% 13% 13%
Great South. & Western
(Deland) eighths .. 1 p.
Lancashire and York-
shire, F. 201. . 6 1% 13% dia.
Do. 6 r,er cent. Stock . 100 ..
Leeds and Thirsk, 6 per
cent., No. 1 .. .. 11 p
Do. 6 per cent., No. 2 . 17 .. —• •
Do. 6 per cent., no. 3 . 5 • •
Do. quarters, 1848 .. 9 134 2 p 10%
London, Brighton, and
South Coast guar. 5 per
et., late Croydon thirds 100 —• •
De. pref., b p et. St ek,
1851, from 501. share. E 100 114 120
Do. cony. 5 per et. 1852 50 57 —6O
Do. new guar., 6 per ct. 100 136 139 136
London &S.-W., new • • 5 2% P.
Londonderry and Ennis-
killen, half shares .• 10 ..
Manch., Sheffield, and
Line., quer. stirs., No. 1 25 1334 143{
Do. new, 101. .. •. 10 11% —123 f
Do., 6/. • • .. 3 a% %
Midland Con. 6p. c. stock 100 132 134
fl
Do. Consol. Bristol &
Birm,ng., 6 per cent... 100 ••
Do. Bristol & Gionces. 48
Do. do. do. .. 33 10 6 .. —••
Do. Erewash Yalley .. 50 ..
Do. Leic. & Swarming.
8 per cent. guar. 100 ..
Norfolk Extension .. 20 17 —lB
00. guar. 534 per cent 5 4% 434
Do. Waveney Valley .. 2 • ••
North British .. 5 5 —b!,( x.d
Shrewsbury and Birm.
New Guaranteed .. 8 11 113{
Shrews. and Ches. (Nor.
W. Min.) 8 per cent. 10 153 L 15%
South Devon .. .. 25 14 —l6
South-Eastern, 434 p. ct 10 • •
Waterford &Kilkenny, 51. 1
WestLondon,lst Cl. (101.) 10 ..
Do. 2d Class do. (par) 20 ••
York, Newc., and Berw., 17
Gt. N of E. Pur. 16 —l7 16%
York and North Midland
H. and S. Purch. .. 10 1 de.
Edinburgh, Perth, and Dundee, 534 per cent., 5.
rOII,IIIGN.
Boulogne and Amiens .. 20 9%
Central of France (Or-
leans and Vierzon) 2O 17% 17% 18
Demerara .. 17% • • •
Dutch Rhenish .. 8 4% 43(
East Indian 14 PA 1 P. 15%
Do. do, do. .. 20
Great Indian, Peninsula.. 5 % 34 P.
Ditto ditto .. —% P•
Louvain ala Samlire 734 • —• •
Luxembourg 1%
Ditto .. 108 —•
3% %i%
Madrid and Valentia
Maria Antonia • • 25 7 9
Ditto, New •• • • 7% 2 4
Namur and Liege .. • • 20 8 —B% 814
Northern of France .. 16 14% —l5 143 b 15
Orleans and Bordeaux .. 8 4 3 din. 4
Paris and Orleans • • • • 20 85 —37
Paris and Rouen • • •• 20 25 2616 5% —5% die. 10% %
Paris and Strasbourg ••
Rouen and Havre .• 20 103 10% 11034 it %
Sambre and Meuse 20 3% —4% 3% 4
•• ••
TToodurnuerns:tanany,ddzirr:sm)blitesee ..
i1Lan.:.....
2105. 8%2 Os. 634

Tours and Nantes • • • •
Tournay, Jurbise, Lan-
den, and Rassolt
West Flanders
Mines—Brazilian CoCae,
C opiapo, 7% 7. Baia*.
Joint Stack, 117

and Ci
—73ritiga

I 2% —**
9
Liebe, 1%; United
2i01112 AniVacel3,

Mexican. 4%
4314 102cdt

MONEY and COMMERCIAL NEWS

CITY, TWO O'CLOCK.
The sales of Cotton at Liverpool on Saturday were esti-
mated at 4,000 bales, of which 500 American were taken on
speculation. The sales comprised 2,500 American; 150
Bahia, at 734 d. to BJ. ; 15U Egyptian, at SiAd. to 91Ad. ;
1,000 Surat, at 4d. to 51,sd. ; and 40 Sea Island, at Is. 114 d.
to Is. Bd. per lb.—ln Railway Shares only a limited business
was done, at rather lower prices.
The Grain Market is firm to-day.
Tne New York advices, per steamer Asia, notice a de-
pressed market for public securities. '1 ho Asia brings hall a
million of dollars in specie, the rates of exchange ruling
sufficiently high to make shipments of bullion profitable.
There was only a moderate demand for bills on London, but
drawers were firm at 10 to 1014 per cent. premium. The
following statement would convey rather an unfavourable
impression : -
" There has been no improvement in the Money Market,
but, on the contrary, a daily increasing stringency. The
banks have largely contracted their discount lines, and busi-
ness paper is rapidly increasing among the note shavers.
There is no let up to the drain of specie, and large ship-
ments continue to be made both to the South and to Europe.
The supply of gold and gold dust from California is not equal
to the foreign export. The Ohio and Crescent City brought
less than one million of dollars, and the probability is, that
for some time to come our semi-monthly receipts will not ex-
ceed half a million of dollars. In the event of the foreign
demand for our specie continuing, we shall lose a large amount
before the lapse of many weeks, and our brinks will be corn-
polled not only to continue the contraction commenced, but to
increase it, and reduce their loans to a lower point than has
been known for many months. There appeas to be a
great want of confidence in financial and commercial
circles, and it is more likely to extend than to decrease.
The commercial classes are, at present, consider-
ably embarrassed in their money matters. The
month of March is usually a very tight month, and this
year, thus far, has by no means been an exception. This
stringency may not terminate as soon as anticipated. Public
and private credits have become very much expanded, and
it is our impression that there are, at this moment, a greater
number of mercantile houses in this city in a state of bank-
ruptcy, and upon the eve of suspension, than is generally
imagined. It, however, by no means follows that any im-
mediate failures will take place, fr our merchants have the
faculty of continuing along tor years, hopelessly insolvent,
without their creditors having the first suspicion of it. The
failures which have occurred recently here illustrate this
tact pretty clearly, and it is impossible to tell who are sound
and who are not. The course pursued during the past two
or three years by houses in this city must lead ultimately to
a great deal of difficulty and financial embarrassment, and it
is well that a check has been put thus early upon the money
market, an opportunity given to reduce commercial liabilities,
and the public allowed a little breathing time."
The Welland Canal was to be fully opened for navigation
on the 26th ult. The Cotton crop was expected to exceed
that of 1849 and 185,, nearly 2 0,000 bales, and the plating
season was never more favourable. A greater breadth of
ground would be put in cotton this year, it is said, than ever
before known.

The news comes to hand by this opportunity of a great
battle between the armies of the Republics of San Salvador
and Guatemala, and in which the President of the former
was completely defeated. The Guatemala dates are to
Feb. 10.

Carthagena advices, of Feb. 23, mention that the Legisla-
ture of the State. for 1851, had before it the project of an
amended political code for New Grenada.
The advices from Canada state that the weather in the
eastern provinces was very mild, and that the snow was fast
melting away. The easterly winds at Quebec had been so
strong, as to produce the highest tide known there for twenty
years ; great damage had been done. Judgment was to be
given, in a few days, in the tariff question.
We observe it stated that a Kingston house had just landed
no less than 112 packages of dry goods at New York, to be
ready for the spring trade. "We preseme," says a local
writer, " they will be carried by railroad to their destination,
as it is probable that by the canals they would not be re-
ceived earlier than by the St. Lawrence. This shows how
much we require railroads through our own territory; we
will no longer be content to wait for the operations of nature
to frea us frcm our bonds, but we must make means of
communication for ourselves, open at all seasons. Had we
them through our own territory, we would use them in pre-
ference to those of our n ighbours; but we arc compelled to
undergo all the incenvenience and expense of drawbacks,
bondings, and transhipments. This may continue for some
time, but not for ever."
The Funds are very steady this morning, and there is an
improvement of about le per Cent. in the quotations. Con-
sols have realised 96% 3/4 for Transfer, and 963/4 f r Thurs-
day. The New Three-and-a-Quarter per Cents. have been
marked 97ee 3/4, and the Three per Cents. 937114 to 96. Ex-
chequer-bills have been 555. to 58s. prem.
The Committee of Mexican Bondhol era have, by the
Asia, received advices from Mr. Falconnet, dated Mexico,
sth February last. The acceptance of the decree of the 14th
October by the bondholders had only been received there on
the Bth February, and as Mr. Esteva, if he should finally
decide to accept the Ministry of Finance, would not enter on
the office tilt the 17th February, Mr. Falconnet, at the date of
his letter, h d not of c urse as yet received a reply to the formal
notice, which he had addressed to Mr. Hulce, provisionally
charged with the direction of the department of finance, that
the decree was accepted, and that he -as ready to receive
the 9,500,600 (loners coming to the bondholders out of the
American indemnity money.
Mr. Falconnet expresses regret that the decree had been
accepted in London, thinking that he might have done
better in Mexice, but he has nu doubt that the Mexican Go-
vernment will carry out the arrangement entered into in
good fah!".
The Foreign Market has continued very dull, and the
quotations are rather flat. Mexican Bonds have realised
3:31/4 Equlclor are 33,e, and Brazilian 881ee. Spanish Five
per Cents. have been marked 211/e. Dutch Two-and-a-Half
per Cents. have been quoted 583/4, and Russian Four-and-a-
Half per Cents. 98%.
The Railway Share Market is flatter, and prices rule in
favour of buyers.
The following is an extract from a letter received from
Mr. C. Pens, the secretary, in London, of the Orleans, Tours,
and Bordeaux :

" The works on the second section of the lines between
Tours and Poitiers are progressing with extraordinary
rapidity. The line is ballasted the whole distance, 100
kilometres (621/2 miles), the permanent way laid over
nearly one-half the distance, and the material for the re-
mainder is in course of delivery. The additional locomotive
and carrying stock is far advanced in construction, and a con-
siderable portion is already delivered to the compai y.
Every effort is making to open this section to the public on
the lst July next; so that the railway year may begin with
215 kilometres (nearly 135 miles) at lull work. Toe traffic
on this section will be very considerable, while neither the
first cost nor the general expenditure will be, relatively, as
heavy as on the first section. The accounts for the last halt-
year, ending 31st December, 1850, show a net profit (after
payment of the working and general expenses, and the half-
year's interest on 1751. called up) of 636,706 f. ap-
plicable to a dividend. Taking the result of the current
half-year; ending 30th June next, to be equal to the last, and
it will be at least as productive, the probable net profit on
the whole year will be equal to four per cent. on the 200 f.
now paid up, or eight francs per share, only one-half of which
is allowed by the statutes to be distributed in the present
stage of the company's progress towards Bordeaux."