The Sun.
London, England, 1850-09-11 00:00:00

MONEY and COMMERCIAL NEWS.
CITY, TWO O'CLOCK.

The sales of Cotton at Liverpool yesterday were esti-
mated st 4,C00 bales, of which 500 American were
taken for export. The sales comprised about 3,500
American; 100 Egyptian, at F*l to 10d, and 300 Surat,
at 5d to Gil per lb. The market closed stcadily.—The
Share Market was animated, and closed firmly.
There is a steady business doing in Colonial produce,
and the great decrease ,ia the stccks of Sugar is ex-
pected to give strong support to the prices of that
article.

The quantity of English Wheat in Mark-lane to-day
is small, but there are 6,170 qrs. of foreign.
Advices from Copenhagen state that the ratifications
of the treaty of peace between Denmark and Prussia
and the Governments of Germany had been excharged
there.

A Hamburgh journalist writes that the Danish Gene-
ral Oxholen was on his way to London, and with the re-
ported intention of negotiating a new loan.
At Amsterdam cn the 9th inst. Dutch Four per Cents.
were rather higher, but the other denominations were
without alteration. There was no charge in Spanish.
Tte Two and-a-Half per Cent. Bonds were 571 to 3-16.
Scientific men in the United States are turning their
attention very generally to the consideration of the Lest
mode of I ffecting a communication across Nicaragua, a
sutject that has been discussed fur more than 300 years,
and in a very elaborate statement made to the Ameri-
can Institution by the Charge d'Affaires to Central
America, there are some highly important particulars.
It is Chown, for example, that the great chain of the
Cordilleras is wholly interrupted between the western
extremity cf Lake Managua and the Pacific, and that
there only exist the great plains of Leon and Concjo,
rising for a distance of about 3,000 yards to an eleva-
tion of about 60 feet above the lake, thence subsid-
ing in a gentle slope to the ocean, and it is through
this plain that the canal could pass.
The length of the proposed line of communication
for ships from sea—to -sea can only be determined by
actual measurement, but the following calculations are
made:—

Length of River St. Juan ... ... 90 miles.
Part of Nicaragua to be traversed ... 110
Length of Rio Tipitapa 18
Length of Lake Managua ... 50

From— Lake to ... 45

Total

303 cones.

From this must be deducted 25 miles, in case the line
is terminated at the Port of Tamarinds. In case it
should terminate in the Gulf of Fonsece, it is probable
it would not Le many miles longer than to Realijl;
and in respect to the points to be attained, it would be
nearer. The extent of 'actual canalization, therefore,
would be to Realijo, 120 to 140 miles; to Tamarinds, 90
to 110; to Fons, ea, 100 to 120.
_ _

It is said to be useless to enter in calculations respect-
ing the cost of the proposed work, for until there is a
detailed survey of the entire line, it 'must be wholly a
matter of conjecture. It has been variously estimated
at from 20,000,000 to 40,000,000 dolls. Assume it to coat
100,000,000 dollars; which may be as near the truth as
any other calculation, still it is enough at present to
know that it is posiible, and that its benefits, immediate
and prospective, will be Sufficient to compensate for the
expenditure of double that amount, startling as it may
at first appear. It is, of course, impossible to calculate
with anything more than approximate accuracy, the
advantages which, upon the score of economy alone, would
result to the world from the construction of the proposed
canal. Mr. Squier mentioned at the American Institute a
most interesting and important fact, not only as con-
nected with the proposed work, but with the whole
Question of steam navigation to the Pacific, that a large
bed of coal had been discovered in Sol Salvador, on the
banks of the river 'Amps, about sixty miles from the
Gulf of Fonseca. It is semi-bituminous in character,
resembling the Mount Savage coal. He had sent speci-
mens to the Department of State, at Washington.
In rtply to a question as to the probability of the
proposed work, after its construction, being interfered
with by volcanic agency, it was said that the volcanic
farce seems to have nearly exhausted itself here many
years ago, and that the permanent effects of volcanoes
are generally essentially local, and have in nearly all
instances been exaggerated. He anticipated no obsta-
cles or dangers on this score. The agitation of this
great question having been commenced, we sincerely
hope it will cease until there is a practical solution, al-
though the American Company, having a concession, will
undertake a railway in preference to •a canal.
The Stock Market is influenced mainly by the settle-
ment of the account, and prices have been somewhat
firmer upon it. Consols have been 961 to for Transfer,
and 96k for October 15. The New Three-and-a-
Quarter per Cents. have been quoted 98} to 991, and
the Three per Cents. 96j to 97*. There have been no
transactions in Bank Stock, and India Stock has been
quiet at 266. Exchequer-bills have bees marked 635. to
665., and India Bonds 83s.

The Foreign Securities. have ruled rather flatter, as
far as the speculative investments are concerned. Spanish
Five per Cents. have been 18j and Portuguese Your
per Cents, 34. Mexican Stock has been heavy at 29i
I. It is mentioned in the Mexican accounts that the
Government, being greatly pressed for money, had been
compelled to negotiate a small loan, and to account for
the decline in Spanish we may notice an article of a very
Bearish character that appears in the Espana, received
this morning from Madrid. Peruvian Bonds have been
marked 81i, and Buenos Ayres 58k. Brazil Stuck has
realised 92k. Austrian Bonds have been 83 to 83i, and
Dutch Two and-a-Half per Cents. 57i.
Railway Shares continue very buoyant, notwithstand-
ing the sales occasionally made to realise the profits ac-
cruing from the mat:rial rise that has occurred.

Consols ...

QUARTER TO THREE.
.. ... ... 961-

Ditto Account, Oct. 15 ...

...

ONE CLOSING
PRICES OF BRITISEI ruNDs O'CLOCK. PRICES.
3 per Cent. Reduced Anns. ... 97 96% 971,0 97%
3 per Cent. Consols Annuities........ 96% 96%
New 3 per Cent. Anns.. ........ 99 98% 99% 99%
14, ng Anne. to expire Jan. IMO
Ditto,3o years, Oct. 10,1859 -16 8% 8%
Ditto 30 years, Jan. 5,-1860. 8
__ _ 8

India Stack 266

tr dia Bonds. 1,0001. B5 p
Ditto under .... 83 p E 3 p
South Sea Stock

Ditto Old Annuities
Consols for Account 96 42 96
Exchequer Bills. I%d. & 2d
1.000/. June 66 63 p 63 p
500/. June ... .. ..... .... 66 63 p 63 p
Small, Jane 66 63 p €3 p

ONE CLOSING
PRICES OF FOREIGN FUNDS. O'CLOCK. PRICES.

.•razilian Bonds 921,2 92th
nuenos Ayres Bonds. 6 per Cent 53 At 58%
Chilian Bonds 6 per Cent .....• — 1031/2
Equador Bonds .
51exican, 5 per Cent.lB46, with Coupons—
Ditto, Ex Jan. Coupons
Peruvian Bonds, 4% per Cent...— 81;‘, 8t %
Ditto, Deferred
Pc rtugnese 5 per Cents. . .......
Ditto, 4 per Cent.
Ditto. Account
Span, h 5 per Cant. 1840 18%34 1914
Ditto, Passive
Venezuela Bonds, 214 per Cant
Dividends on the above payable in London.
Austrian, 5 per Cent. ..• 83 SPA 8334
outch 2% per Cent., 12 Guild. ... 571,4 571/.2
Ditto. 4 Der Cent. Certificates... 9014 9014
PRICES OF PAID. BIISINESs DONE CLOSIN
RAILWAY SHARES.' AT ONE O'CLOCK. PRICES
4. berdeen
Do. Preference Si
Amber. Nott., Boston,
and Eastern Junction 81,{......
tyrshire and Galloway.. 7% —
Belfast & County Down 32 ...... ..... -
Berks & Hants Exteris.
(Gt. West. Per. 5 per ct.) 6
Birmingham and Ox-
ford Junct., calls duly _

paid, or with a guaran: 20
Do, without guarantee 20
Bi ming, Wolverh'ton,
and Dudley, calls duly
pd, or with guarantee 15
Do. without guarantee 15
. . •

Birming.,Virolierh'pwn,
and Stour Valley 131. 14s ...
Birkenhead, Lancashire,
and Cheshire Juno.— 26
Br stol and Exeter.,....100
uckinghamshire ..«.. 17%
Caledonian - 8
Do. New 10/. Pref.... 10
Ditto,Clydesdale Juno 50
Che.ster and Holyhead:- 50 ...... 8% ... 8'
Ditto, Preference...«. 15
Clarence
Direct London & Ports-

month
Dublin and Belfast June. 45 ......
Dundalk & Enniskillen 30 -
East Anglian, 251., L &
E. And L. and D... 25
Do. 181.,E.&H....... 18
Do., 3/. 10s., Pref.—. 31,4 — ...
Do., (51.) 7 per Ct.
Preference... 5 ... .. •■•• ... • ... ....-
Ditto, (7/. 175.) 7 per .
Cent., Preference... 2
Eastern Comities...
Ditto,Extension, 5 per
Cent., No.l 6/435. 4d.... p — p
Ditto ditto. No. 2...61. 13s. 4d... p... ...... ••• ••• p
Do., New Pref:rence,
6 rer Cent.. lO .v...
Do. North. & Eastern, .
_._

. , . .
6 per Cent.
Ditto. 5 per Cent.... 50
Do. New 43
Eastern Union, Class A
(late E. U. Shares) 26
Ditto, Class A, ditto.-.. 6 -
Do., Class B& C 25
Do. Scrip (6per cent.) 20
East Lancashire 25
Ditto, New Quarteis 61,x
Do., 6 per Cent. Pre- -
ference Quarters ~. • 6k ...... ... ......
East Lincolnshirb, guar.
6 per Cent. .. 25
Ed:nourgh and Glasenw 50 ...... 25% x.d 25% x.d
Edin., Perth, & Dundee 25
.. ...... . ......
Ditto. Newport l5 .. ... ............... --
Exeter.Yeovil, & Porch 24,1 — ..... .
.....
... _
Exeter and Exmouth... 21s.
—.
Glasgow, Dumfries, and
Carlisle
lilasgow,Kilmar.,& Ayr 50 ......
Do. Preference Consol.
Gloucester &Dean Forest 14
• .. M....
bre a t Northern ,. 24 ...... 1074 11 %. . .Mb .. 1114
Do., in, A Deferred ... 12%...... 3lxi . ..
Do., lis B 6 per Cont... 11 % ...... 7% ..
7% 4
Do., 5 per Cent. Pref. 12%...... 12 ...
;rea. •onth. and West.

,
(Ireland) ....... 5O ...... 30 ...... ......... 31
Ditto, Eighths 2% — . ..... ....... --(:: prat North of England.loo
Ditto, New, 401. 4O -. -..