The Sun.
London, England, 1850-10-02 00:00:00

MO2-ILl' and COMMERCIAL NEWS.

CITY, TWO O'CLOCK.
Ti,e sales of Cotton at Liverpool yeeferee y ;.ere esti-
mated at 6.000 bales, of w Nub 500 Amer:can and 500
Egyptian were taken for export, and 2,000 American on
seecel ation. The market closed firmly at full prices for
all hieds, and common American a shade against the
buyer. The sales comprised 4:500 American, 250
Perno.n and Maranham at 8d to Sp, 400 Egyptian at
Sid to 9V, 600 Surat at 5d to t'ilo, and 20 Sea Island
at 18 4:ld per lb.—ln Railway Shares a good business
was done, hut the markei closed rather heavily.
Various interesting items of commercial information
are contained in a letter from Messrs. Schroeder and
Manning, dated New Orleans, the Ist instant, and we
select especially those that refer to the crops of the most
important staples. First, as to Cotton, it is stated that
the total receipts, at all our ports, up to the latest
dates, amount to 2,071,477 bales; asd the crop, when
ultimately made up, will probably vary but little from
2,100,000 bales. As our tables will show, nearly the
whole deficiency in our receipts has fallen upon Great
Britain, our exports to that country having been 247,829
bales less than last year, whilst there is an increase io
our exports to the northern ports of 8,032 bales.
The question as to the probable extent of the next crop
of cotton is one of most absorbing interest, and theohances
for or against are watched with great anxiety. There
can be no doubt that the planting season has been the
most unfavourable one known for years, and that, up to
the middle of June, the prospects for the crop were less
flattering than for several previous years, At this pe-
riod, however, a very favourable change in the weather
took place, and from that time until now the general sea-
son has been highly favourable. Although the reports
from the country are still somewhat contradic-
tory, it appears generally conceded that a wonderful
change has been operated in favour of the plant, and as
gloomy as were the prospects some mome months ago, as
certain are they nose for a fair crop, provided the re-
mainder of the season be propitious. The plant being
backward in comparison with other years, a late and
lenient fall is required to attain this desirable result. It
being of course impossible, et this time of the year, to
state the probable extent of the crop with any degree of
accuracy, we can only mention that the most general
estimates run from 2,200 to 2,400 bales."
In tobacco there have been material changes this
year. Up till April prices had risen materially, but had
subsequently given way, and the market continued dull
for a considerable period, the continental letters being
unfavourable, and buyers keeping aloof. "At this time
of the struggle between buyers and sellers, in the month
of June, holders began to receive a most opportune aid
in the shape e funsatisfactory advices about the growing
crops of tobacco, which has proved a powerful support
for the maintenance of the value of the article. Buyers,
perceiving the uselessness of further efforts under
such circumstances, found themselves compelled
to yield the victory to their adversaries, and are
entering the market again, one, after the, other,
although operating with caution and reserve. The
French and Spanish contracteurs likewise came forward
and operated to some extent, and thus the market
became relieved. The accounts about the crop getting
worse instead of better, and a great deal of the tobacco
on sale being in consequence withdrawn by order of the
owners in the interior, the market being under no pres-
sure of stock, regained all its former buoyancy; and
although the operations have ever since been on a mo-
derate scale, prices are now, at the close of the season,
as high as ever before, and for some qualities
even higher, The buyer for the French regie,
perceiving the bad business he had entered
into, by contracting to furnish 4,500 hhds. of tobacco,
at an average of si-c. per lb., for which he found himself
obliged to pay 2c. per lb. more, held back as long as he saw
a chance for a decline in prices. As this had vanished,
he took several cargoes, together about 2,500 hhds.,
which have gone forward to different parts of France.
Whether the balance of the contract is to be bought
later, or whether the completion of the same hat been
abandoned, under payment of forfeit, is not yet known.
The quality of last y ear's tobacco, generally speaking,
was a poor one, and has by no means turned out
as good as all advices from the interior
about the same led us to believe. It has thus
again been proved that such reports cannot be relied on,
and that it is useless to pronounce upon the quality
unless the tobacco has actually come to hand. The
instructions fur not selling given by persons who have
the growing tobacco-crop under their eye and observe
lion prove that planters are sincere in representing the
prospect for the same as a most gloomy one, and all
information which we receive from our own correspon-
dents coincide withh this view of the case. It appears
that planters have been thwarted more than ever before
in their labours, and that every species of enemy has
assailed the plant, such as flies, cold, wet, and
dry weather, each appearing as the most
inopportune periods. Thus, the crops planted are not
only much less than aimed at, but much behind in time;
and it will require, therefore, a very genial fall to bring
the crop to maturity, and to allow planters sufficient
tim •to gather it. Although, as it is yet impossible to
state what the result may be, yet we would venture to
say that our next year's receipts will be between 45,000
and 50,000 hhds. Whether such a small crop, followed
upon already four short ones, will furnish a sufficient
quantity ler the consumption of the world, particu-
larly in the face of deficient crops also in Vir-
ginia and Maryland, remains to be seen. Whilst
there are many parties who predict a further
rise of prices as inevitable under the circumstances, so
much appears to us as pretty certain, all expectation of
a decline must for some time be abandoned.
"In relation to the new crop of L )uieiana Sugar, we
must remark than, in common with all other crops, its
,arly progress was retarded by an unusually unpropi-
tious spring. Fur nearly three months, however, the
weather has been particularly favourable for promoting
the growth of the cane, and the prospects are now, that
with a favourable fall the next crop will at least equal,
,f not exceed, the preceding one ; for what has
been lost by overflows, ample compensation will
be made by a materially extended cultivation.
"A remarkable feature of the season is the very large
falling off in the receipts of Flour and Grain, which
has mainly resulted from deficient crops.
"'r ho first cargo of new Coffee arrived on the 18th
September, 1849, which was earlier than usual, and the
greatest p rtion was sold at Bic. and 9c. per lb. This
cargo, as well as all others, sold before the sudden de-
cline in prices took place, gave fair profits to the im-
porters, but more than double of such gains have been
lost again on all Coffees sold at the afterwards much re-
duced rates. The losses have, indeed, been very heavy,
amounting on many cargoes to 10 dolls.
per bag, and taking it altogether, the season's
business has been a very unsatisfactory one to the
importer. Late accounts from Rio, just received, and
stating that the next new crop of Coffee will materially
fall short of the estimates, has brought about a specu-
lative movement, and several holders have withdrawn
their stocks from the market; others have raised their
prices, and are asking 11c. The highest price paid as
yet is 103-c. Stock in first hands, 25,000 bags."
The Amsterdam market on the 30th ult. was quiet.
Dutch Two-and-a-Half per Cents 57 1-16.
ou unsatisfactory, s fatc
realizedto ry, the
,6eiva ir
The English Stock Market has been steady, although
havingthe
recommenced.intelligence from Holstein
Consols
n
s is
is
for Transfer, and 964 i for Account. Exchequer-bills
have been milked 635. to 665., and India Bonds, 84s. to
87s. premium.
The Foreign Securities have been in moderate re-
quest. Spanish Five per Cents. 18i• 1, and the Three
per Cents. 38. Mexican Bonds have realized 311 -le
Grenada have been 184, a decided advance ; and Vene-
zeule are firmer at 33. Portuguese Four per Cents.
have been quoted 331, and Spanish Three per Cents.
38k. Dutch Two-and-a-Halt per Cents. are 57i.
Shares, although not at the highest rates
latelyiaiil"o'bilYtained, are still comparatively buoyant, and
with a good deal doing in them.

QU4IRTER TO THREE.
Conanls ... 96 j
Ditto Account 964

BRITISH FUNDS THIS DAY AT ONE O'CLOCK.
/ From the Official List.)
g per Cent. Consols Anna . .............. 961%1540i
India 5t0ck...................................
Do. Bonds, 10001 ...... 84 87 p
Ditto under 1.0001 ............... 84 87 p
South Sea Stock
Ditto New Annuities
Consols for Account 96%
Exchequer Bills. 11,4 d. 2d.
March. June.
1'069/. .. ...................... 66 b 3 p
5001........ •••• ............
66 63 p
Small ........................... 66 63 p
PRICE OF FOREIGN FUNDS AT ONE O'CLOCK.
Danish Bonds 1825, 3 per Cent—.
Ditto, 5 per Cent
Grenada, 112 per Cent.
Mexican Bowls, 1846,5 per Cent., Coupons
Ditto Ex Jan. Coupons
Peruvian Bonds, 4% per Cent —
Ditto Deferred
Portuguese Bonds, 5 per Cent 66
Ditto 4 ner Cent.
Russian Bonds. 1822, 5 per Cent —
Ditto 4% per Cent 974%
Spanish Bonds, 5 per Cent lB%
Ditto Account ...... .
SDanish Bonds, 3 per Cent, 1840
Venezuela Bonds ...
Dividends on the above payable in London.
Dutch 2% per Cent., 12 Guild • 57%
Ditto 4 Der Cent. Certificates
BUSINESS DONE IN RAILWAY SIIAIIES AT ONE O'CLOCK
RAILWAYS. PAID. PEA SHARE.
berdeen
Ditto, Preference .- si
... dm.— to

Boston, &r

8 iii .
........ •••• • to