The Sun.
London, England, 1850-03-18 00:00:00

MONEY a.na COMMERCIAL NEWS.

CITY, QUARTER TO THREE.

The sales of Cotton at Liverpool on Saturday were es-
timated at 5,C.03 bales, of which 1,000 American, and 500
Pernam and Maranharn were taken for export. The mar-
kit was quiet, but steady. The sales comprised 3,500
Amf,rican, 800 Thanem and Maranham, at 6id. to 7d ,
100 Bahia at 60. to 6 1., 200 Egyptian at 7d. to 7id.,
and 300 Surat at 4d. to 40. per lb.—ln Railway Shares
a lair bu,,ineE.s was done, but tho general tendency of
the market is downwards.

The Grain Market has been steady this morning, at
fully previous rates.

The Foreign accounts are all in some respects better
than those to hand last week, and it is acknowledged
that the view taken of the French elections has in many
respects been greatly exaggerated. The Moderates
have gained several votes, and the Socialists have but a
limited number of their body in the Legislature, while
some of the re wly-elec*.ed, although looked upon as Red
Republicans, are in reality men of sound though un-
doubtedly very liberal views. The Greek affair is
expectrd to be settled within a very short time, and
there is a hope also of the Danish negotiations being
brought to a satisfactory issue.
A good deal of comment is very fairly indulged in
respecting the proposed new Danish loan, and although
the amount to be raised in the English market is not
large, 300,0001., it is held to be exceedingly vexatious
that we should be subjected to these incessant applica-
tions for loins from the very states that are thwart-
ing our foreign policy. We lend 5,000,000/. to Russia,
although she had been opposing the release of the Hun-
garian prisoners just before, and evinces her hostility
now in connexion with the Greek business, and we pre-
sume that as a crowning effort we shall now advance the
sum required by Denmark that she may protract the
war which we are so anxious to terminate. Truly all
that Mr. Cobden alleged against our capitalists and
stock-jobbers is understated, nor can it be denied that
there is little cause for sympathy when they incur a loss.
The policy of our Government, if year after year there
is to be such an addition to foreign loam,
will po.sibly have to become that of passive
indifference, and we shall find aggrieved bondholders
corning with a much worse grace to solicit interference
and protection in the event of non-payment. This very
day there is a meeting of Buenos Ayres creditors who
have had no dividend for years, and 3et by tc-morrow
300,0001. is expected to be subscribed for a Danish loan at
90, and 20 per cenr. to to payable two days after the allot-
ment. The amount is a bagatelle certainly, but the
principle is as objectionable as though millions were in-
vo!ved. With Russian scrip down to id. premium,
Danish may yet burn the fingers of some of the late
bu 3 ors. The t :rms of the loan are as follows:
" DANISH LOAN FOR 800,0001. STOCK. BEARING FIVE
PER CENT. INTEREST.

" Messrs. C. J. Hambro and Son beg to announce
that, i❑ conformity with the authority given by the Da-
nish Diet ou the 9th of March, elB5O, they have con-
tracttd with the Danish Ministr of Finance for a loan
of 800,0001. sterling, bearing interest at five per cent. per
annum.

The loan is to he on the same footing in every
respect as that contracted for in the year 1849. The
subscription price is 901. per cent., payable as follows:
" 20/. per cent. two days after allotment.
" 201. „ on the 15th of April.
" 10/
• ,f If 15th of May
" 10/. „ „ 15:h of June.
" 10/. „ „ 15th of July.

" 10/. „ „ 15th of August.

•
101. f ft 14th of September.
" A discount of three per cent. per annum will be
allowed on the payment in full of the above instalments.
Provisional certificates will be ismed, if required, to par-
ties paying in tall.

" Any failure in the specified payments forfeits all
previcu.i instalments.

" Tne land-tax is especially applied to the payment of
intercsP, and gradual redemption of the loan.
" During the five years ending 1847,
the revenues arising from this tax
gave an annual average of rbd. s. d.
2,423,983 62, or at 9i per £ 265,642 0 10
" Of which 'ld. 433,000 are required
Lir the interest and redemplion
of the five per cent. loan of 1849,
at 9-4- per

" LPavitu; a balance 0f.... 217,642 0 10
which are specifically- applied to the present contract, in
aiditi.n to general revenues of the t, tate.
" The sizes of the bonds will be as follows
" A 5,000, at 10 1. each ... £500,000
" B 400, at 500/. cuch ... 200,000
" C 100, at, 1,0004 each ... 100,000

£BOO,OOO -
" The first half-yearly coupon will be payable on the
Ist of Scpionaber next,
" 70, Old Broad-ttreet."
The extent of Mr. Watts' deralcations at the Globe
offizc, it is now stated, may be about 50,0001. to 60,0001.
But even Mr. Coleman, the official accountant employed
to unravel the matter, is unable at present, owing to the
voluminous nature of the documents to be gono through,
to arrive at any positive conclusion.
The English Stock Market has been fluctuating again,
and has nut recovered the decline which occurred on
Saturday; in consequence chiefly of the Danish Loan, t)
au E. the first payment on which some parties have sold
Console, and partly from the professed disappointment
that the whole cf the surplus revenue is not employed in
the redempion of debt. The extreme prices of Co nsols
have Len 95k to 951 f Transfer, and 95k to ;-1 for time,
the present values being 95i and 95i 4. The
premium on Exchequer bills has been very firm at :i9s.
to 615., and on India Bonds it has been 85s. Owing to
an error in the list of prices made up on Saturday, we
quoted Consols as having which was not the case.
In the Foreign Market there is a heavy tone by sym-
pathy with our own Funds, Lut Moxicanilouk better, and
are k 94 b. Peruvian Active Stock has been 704 to 71,
and the Deferred 261 to 1. Br.zilian New are 83.
Danish Old Five per Cents. realise 92; Russian Scrip
has been 4to premium, and Dutch Two-and-a-Half
per Cents. are 54i Spanish Three per Cents. have
been 31 to '4l, and eortugueso Four per Cents. nomi-
nally 33 to 34.
_ .

There has been a very dull market for Railway Shares,
and the quotations are about the same as on tiaturclay.

ONE CLOSING
PRICES OF BRITISH FUNDS O'CLOCK. PRICES.
:3 •..., k.;i,t. uuliduls Ann Aities... 951/2% % 93%
.0,.e. Anna. to expir,,J an. 1860
Ditto 30 year, Jan. 5, 1860. 834 8%
noi, Bonds, 1,0001 —
Ditto under 1,0001... ..
Consols for Account 85%214% 951/2
xellecuer Bills. 1%0. et 2d _ •
1,000/. June 6l p 59 p
500/. June •• ... ••• 59 61 p 61 p
Small. June 59 p 59 p
ONE CLOSING
PRICES OF FOREIGN FUNDS. O'CLOCK. PRICES.
-inz!lntil (Sonde —
Ditto, Small ' — 8914
Ditto, New, 1843 .. . 83 . 83
Danish 80nd5,1825,3 per Cent.
Ditto 5 per Cent.
Grenada Bonds, 1% per Cent — 16%
Mexican, 5 per Cent. 1846, with Coupons— — -
Ditto, Ex Jan. Coupons .....
Ditto, Account .........
Peruvian Bonds, 4 per Cent
Ditto, Account
Ditto Deferred
Portuguese 6 per Cents.
• Ditto. 4 per Cent.
Russian Bonds
Ditto Scrip 1% 0 34 1145 p 11/4 p
Eparlish 5 par Cont. 1840 —
Ditto, Account
Ditto, Passive 3%
Ditto. 3 per Cent
Bividends on the above payable in uondon.
Dutch 24 per Cent., 12 Guild. .. 54% 5514
Ditto, 4 Der Cent. Cortifieatee — 86%
PRICES ( F BUSINESS DONE CLO. IN'
RAI MAY SHARES PAID' AT ONE O'CLOCK. PRI( E
k t*rtlem
Berks & Hants Extens.
(Gt. West. Per. 5 per ct.) 6
Birmingham and Ox-

ford *Yana., calls duly
• paid, or with a guaran. 20
Do, without guarantee 20
Backinghamthire
Caledonian
... .. 50
Ditto, New IU. Pref... 10
hester and Holyhead... 50
Ditto, Preference
Dublin and Belfast dune. 40 —.... 5 ... 5
Wa•itern Counties........ 20 ...... 7%14 .. 7%
East Lancashire 25 ...,. 9 9
•ireat Northern
Do., 1,2 A Deferred ... 1214...... 214% 2%
Do., %B 6 per Cent... 9% 5
Do., 5 per,Cent. Pref. 1214.--
Great South. and West.
(Ireland) .. 5O ...... ...
-teat North of England.loo —..—
Ditto, New, 30/
Ditto. New ,15/... ...... 15 .. .. 33 ... ..... .. ..... 33
c;reat Western 100 ...... hi .. .—..••• ••• 5714
Ditto, 14 Shares 5O ...... 28%............ .. 2814
Ditto, Fifths „.. 20
Ditto, New 171........ 15 ...
Lancashire & Yorkshire 100
Do. Quarters ......... 2314
De. Fifths... ........ .... 10
i ?o. (W. Riding Union) 11 LA .• ... 314 x.d. 314 x.d.
London, Brighton, and
South C0w1..... 100 ...... 79% • 793/4
London and N Western 100 lOll% 104 .. ...... 1043/
London te B.V/cam ..ICO
Manchester. Sheffield,
and Lincolnshire...100
Do. New 101. Pref..... 10 ......
Midland ..... ........ —.llO ...... 383/ 33%
Do., 501. %erns ..... 30 .. ... 4%........ 5
Do. Consolid. Bristol and
Birming.. 6 per et.... 100 ..... 122%... 123
North Briti,b ........ ... 25 ..... ... ...... „.. 943
Halves

Ditto, Ha -..
North Staffordshire ... 17
R-ading, Guildford, and
Reigate
Royston and Hitehin ... 41%..... _
Surewsbury and Birrn... 13% ...... dis. ...... .. .. dis
Ditto ditto, Class B. 8 ......
S+Alth Eu46rn
lork. Newcastle, and

83rwick.......—..... 25
Do. Newcastle Exten. 20
-J2i,). G.N.E.Prefcrenco 8 ..... 1 03g
York ar:d North Midland 50
D tti,. Preferenco ...... 10
FOREIGN RAIL WA Yl4.
Dutch RhQnish ......... 8
Luxerobourdi .......... 8
Ditto ..
Northern of France l6 „ 12% .. 12%
MINES.
Australian 5!4
United Mexican 2814 6% 63g
JOINT STOCK BANKS.
Union of London,. ..... . 10 ......