The Sun.
London, England, 1851-07-01 00:00:00

JULY 1, 1851.

MONEY and COMI'iIERCIAL NEWS
CITY. TWO O'CLOCK.
The sales of Cotton at Liverpool yesterday were estimated
at 5,000 bales, comprising 150 Pernam and Maranham at
6d. to 7id., 100 Babia a 61:1. to 6id., 100 Surat at 3d. to
3id., and the remainder American. The market closed
heavily with prices of all kinds in favour of buyers.—Railway
Shares were in good demand at high prices.
The following is a report of the state of the piece goods
market as furnished by Messrs. Al‘Nair, Greenhow, and
Irving :

"From June, for reasons which have been frequently
stated by us, bat little is expected in the way of extensive
transactions, and more particularly so, when the holidays
incident to Whitsuntide interrupt and interfere with the re-
gular course of business. This year, notwithstanding the
absence of any material improvement in the demand for
the country trade, which continues in a most un-
satisfactory state, the operations of the month—as we find
upon reference—equal those of 1845, 1849, and 1850, which
were periods of great activity—enable us to report them as
being of considerable magnitude. During the early portion
of the month, the market continued in a dull and lifeless
condition when, from an improvement in the demand
for and value oi cotton, and the influence attaching
to the material reduction in the prices of the
manufactured articles, an active demand for twist and cloth
ensued, which resulted in enabling spinners and manufac-
turers to realise the advance previously particularised. and
in placing many of them under contract for some time to
come. Both goods and yarns are now, with only few
exceptions, exceedingly light; and though during the last
few days the market has been much less animated, pricesare
so far sustained with firmness. With the completion of
existing contracts, we cannot see, however, how the recent
advance in prices is to be maintained, nor how a decline from
those ruling a month ago is to be prevented, looking to the
present and prospective position and value of Cotton, and the
recent unfavourable accounts from India arid China."
The Banker's Magazine for the present month, sums up
the state of the Corn trade, as follows :
" Some rather important changes have taken place in the
Corn trade during the last month. In the first place, there
has been a material rise (in some cases as much as 3s. or 4s.
per quarter) in the price of grain ; and, in the second place,
there has been a falling off in the foreign supply. Our own
farmers continue to bring forward their produce with great
caution. The rise in price seems to be quite justified by the
facts. It is not supposed that stocks are very heavy ; the
consumption is large, the harvest will be rather tate, and the
weather is nut quite of that character which removes all fear
of accident to the crops. During the month it is probable
that the prospects of a good harvest h4ve very much im-
proved. We have had less of the wet and cold weather
which prevailed in April and May; and there have been many
days of positive heat and brilliancy. Nothing, certainly, has
yet occurred, either in the United Kingdom, or perhaps in
any country of Europe, to excite serious apprehensions as to
the result of the harvest of 1851."

The new Sardinian loan for three millions sterling
is payable in the following manner: -20 per cent.
on allotment, 10 per cent. on July 21, 10 per
cent. on August 21, 10 per cent. on September 20,
10 per cent., on Oct. 21; 10 per cent. on Nov. 21; 15 per
cent on Dec. 1. The applications Iva be receivable until
Saturday next. The interest is to commence from the let
of June, 1851, and will be payable either in London, Turin,
or Genoa. The ostensible object is to form railways;
but no doubt the real cause is the strain upon the
revenue during the last war. Hitherto Sardinia has ob-
tamed her loans in Paris, but the plethora in the London
Money Market offers temptation. What precise influence
the loan will have here, remains to be seen, but the terms
being favourable, 85 for a Five per Cent. Stock, there is
reason to believe that it will be readily taken
up. It is probable that about a million of the
loan or more will be absorbed abroad, athough
the lean comes out in London, and further, we, con-
sider that the recent heavy shipments of silver to the Conti-
nent have been partly in anticipation of this loan. If such
be the case, the loan will be very partial in its effect.
The Amsterdam Stock Market, on the 29th ult., was very
animated for Spanish Five per Cents.
The English Funds have been flatter, owing to the
loan. Consols have been 96X to 97% for the opening.
The present rates are 963 in 97. The New Three-
and-a-Quarter per Cents, have been 98% to %; and the
Three per Cents. 97% %. Bank Stuck is at 214. Exche-
quer-bills are firm at 455. to 48s. p emium.
The Foreign Securities have been flat. Spanish Five
per Cents. have been 21%, and the Passive ei. Portuguese
Four per Cents. have been quoted 331 A, to 341. There is
much anxiety to ascertain whether the terms for a compro-
mise of the Spanish Debt will be agreed to next Thursday.
Dutch Four I,er Cents. have been 911/, X.
Railway Shares have been all lower on account of the de-
cline in Censuls, but there is not much doing.

QUARTER TO THREE.
Consols Shot.
Ditw Account ... 97 it ex div

OWE CLOSIN u
PRICES OF BRITISEI FUNDS O'CLOCK. PRICES.
B auk Stock
3 lt, taut. kteduaed Anne.
New 3,4 per Cent. Anne- ..... .
1.. 'Lig Anna. to oxoire Jan.lB6o -16 7% 7
I ,di. Bonds. 1,0004_, —
Ditto under 1,0004.. .....
South Sea Stock
Ditto Old Annuities
Consols tor Account
4 LeDt,quer Bilk,. 1140.
1,0001.
500!.
Small, .. ..
_..:

97
9676
45 p
45 p
45 p

ONE CLOSING
PRICES OF FOREIGN FUNDS. O'CLOCK. PRICES.
nrazilisui Bonds, 5 per Cent ... ..... 89%
Danish 80nd5,1825,3 per Cent. ..
Ditto, 5 per cent. ......
Mexican, 5 per Ct., ex Jan. Coupe 341 34%
Peruvian Bonds, 5 per Cent.. —
Ditto. Account
Ditto, Deferred ..... ... 421. E 43 43
Spsnifth s por Cent. 1840 —
Ditto Account 211% 21
Ditto, Passive 6 61,fi
Ditto. 3 per Cent — 39 ex d.
Venezuela Bonds, 2.1 A per Cent —
Ditto. Account
Dividends on the above payable in London.
French Rentes, 5 per Cent —93 f. 75c.
Exchange
Dutch 2% per Cent. 12 Guild —
Ditto 4 per (lent Certiovates