The Sun.
London, England, 1850-06-05 00:00:00

MONEY and COMMERCIAL. NEWS.

CITY, TWO O'CLOCK.

There was a firm merket for Cotton at Liverpool
yesterday, and prices had an upward tendency. The
sa!es were estimated at 8,000 bales, of which 1,500
American were taken for export, and 500 on speculation.
The transactions comprised 6,000 American (1,000 of
which were Bowels), chic_ fly at 70.; 1,000 Pernam and
Mara,nhana, at ltd. to 72c1.; 200 Bahia, at 71d. to 71-1.;
300 Egyptian, at 74d. to 8(1.; and 40 Sea Islands, at
is. Id. to lid. per lb.—ln Railway Shares a fair
business was done, with but little alteration in prices.
Specula'ion and real purchases for consumption have
been rather actively conducted this week in the produce
markets. Sugar and Coffee have risen, and Cotton is
steady.
The Continental markets for Public Securities have
been very huoyan'. At Paris the rise is continuous and
reruarka'lle. At Amsterdam the improvement has been
also conspieuens. Oa the 2d inst. the Two-and-a-Half
per Cents. were 56 5.16.
The letters received yesterday afternoon from the
United States dwell still upon the progress making in
manufac uring pursuits at the south. One party
writes:—

The growth of the manufacturing interests of the
.1
South is one of the most gratifying evidences of our in-
creasing prosperity. Few, even amongst our intelligent
citiz • as, are aware of the extent to which our people are en-
gaging in this branch of industry; and no one acquainted
with the importance of manufacturing establishments in
aeveloping all the varied interests of the country, can
fail to see in the movement a greater degree of prospe-
rity than has heretofore characterised the Southern
States, while confining themselves chiefly to the pro-
duction of the raw material. But the most gratifying
fact connected with this growing interest, especially to
us Georgians, is the lead which our State is taking. It
has bren estimated that there are now in operation in
Georgia 40 cotton mills, employing near 60,000 spindles,
and consuming 45,000 bales of cotton annually. In this
estimate, which seems to be below the true mark,
no calculation is. made of our piper-mills, bucket-
factories, iron establishments, flouring mills, Scc. In
Tenessee it has been reported to the secretary of the
Treasury, that there are 30 factories, employing 36,000
spindles. In South Carolina, the Hon. William Gregg
6lys there are 16 factories, containing 36,500 spindles,
and about 700 looms, consuming 15,000 bales of cotton
per annum. Ile estimates the capital inve,ted in these
establishments at about one million of dollars, and the
number of operatives they give employment to at
1,600. There are in Alabama 12 factories, with a ca-
pit sl of 500,000 dollars, containing 12,580 spindles and
300 looms, and consuming about 5,500 bales of cotton •
anacaily. It is said that machinery for others
i 3 contracted for sufficient •to make the num-
ber of spindles 20,000, and the looms 550. Thus
we have in four States ninety-eight manufactories
of aarious descriptions of cotton goods, containing
1.10,000 spindles.. Thera aro doubtless many other
oott m mills in the other Southern States which would
swell the number somewhat. In addition to these, there
ere others going up, not only in this state, bat every-
where else at the south. We hazard but liiee in saying
that at the end of the five years there will be perhaps
two hundred cotton factories in operation in the Southern
St rtes, consuming tearly two hundred and fifty thousand
bales of (sown per annum, and giving employment to
twenty-live or thirty thousand operatives. The effect of
such a diversion of labour upon the produc-
tions of the south, the price of cotton,
artd the habits of those who will like!),
be employed as operatives must be immense. All the
cost of the transportation of the raw material -to Eng-
land, of its manufacture here, its transportation back to
this country, will be saved to our people. The general
price of cotton will be increased by the competition
which will ensue between the manufacturing establish-
ments of Europe and the Northern and Southern States;
sad great good to society must result from the employ-
ment of thousands of persons who are now consumers,
and not producers."
The circumstance of a further . rise in the Funds at
Paris, and the absence of any unfavourable news has in-
duced further purchases of Consols, both on speculation
and for investment. The feeling undoubtedly is good.
The largo arrivals of bullion, present and prospective,
and more than counter-balancing the exports hence to
Russia, with the proximate payment of the dividends, are
all in our favour; but we have seen such frequent
and sudden re-actions, that we prefer caution
to overweening confidence, and there is no
knowing, for example, what may occur in
Schleswig or Cuba to give the Beers a handle.
The range this morning, taking the highest and lowest
values, has been in Consols from 961 to 97 for Transfer,
and from 97 to 974 for the July Account. New Three-
and-a-Qiarter per Cents., 974 to 4, and Reduced Three
per Cents., 951 to 96. Bank Stock has been about 2071
to 2081. Exchequer-bills have realised 68s. to 71s.
premium.
In the Foreign Market very little has been done, and
there is an inclination to sell. Spanish Three per Cent.
Bonds at 374 to 38 ; Mexican Stock has realized 314 to
321 ; Dutch Two-and-I-Half per Cents. have been 564
to 574 nominally ; Grenada are 1841.
Railway Shares have been still very lively, but Great
Western are not quite so good. North Western hare
been higher.

QUARTER TO THREE.
Consols ... 96'1
Ditto Account ... ... 9 6

ONE CLOSING
PRICES OF BRITISII FUNDS O'CLOCK. PRICES.
3, 0 t,elit. Reduced Acne 953 96 96
3 psr Cmt. Consols Annuities 96N 97 96%
:4( wVA pi:: Cent. Anns. ...
Cong. Am:9. to ~tx.pire Jan. I "if.o
Ditto, 30 years, Oct. 10, 1859 7 15-16 8 8
Consol-, tor Account 96% % 97 9G
-xc?-,-.lquer Bills. '..."-- Ilk. . & 2d
1,0001. June 7l 68 p 68 p
5001. June
Small. June
ONE CLOSING
PRICES OF FOREIGN FUNDS. O'CLOCK. PRICES.
liuenos Ayres Bonds, 6 per Cent.... 52
Chilian Bonds 6 per Cent .... 9914
Equador Bonds
Grenada Bonds, 1% per Cent 18;.2% 18%
ulenicun, 5 por Cent. 1846, with Coupons—
Ditto, En Jan. Coupons ..-
Ditto, Account
Peruvian Bonds, 41/2 per Cent —
Ditto, Account
Portuguese 5 per Cents.
Ditto, 4 per Cent.
Ditto, Account — --
3414
Russian Bonds .... •..

Ditto, 4!-4 par Cont
Sp .7a1511 5 per Cent. 1840 —
Ditto, Account
Ditto. 3 per Cent
Ditto, Account
Dividends on the above payable in London,

Dutch 21.4 per Cent., 12 Guild. ..
Ditto. 4 Der Cent. Certificates...

PRICES OF FAID. BUSINESS DONE CLOSIN
BAILWAY SHARES. AT ONE O'CLOCK. PRICE•.
oristol and Exeter 100 ... ..
Ditto, Thirds .. ..... 33i
Caledonian
Do. New 101. Prof
Dublin and Belfast June. 42V2 — ... ll
Est Anglian, 251., L. &

_ . .
E. end L. and D...... 25 - ••
Evtarn COUl:ties... ..... 20 ...... 7% 75/
Olt to,Emtonaion, 5 pm. /8
Cent., No.l 6/.133.4d.... 1 p. 1 p
Ditto ditto, No. 2...61. 13s. 4d... IA p. ... 1/2 p
Ea3tera Llaion, Clam A

(late E. U. Shares) 26

Dc., Cizt:s 884 C -25
Edst Lauca-6hiro
Ea3t Lincolnshire, guar.
6 per Cent.
Edinburgh and Glasgow 50
';rest Northern
D 0.,, %13 6 per Cent 11%...... 7% 7.Ai
Do., b per Cent. Pref. 12;i ll .. ... l 1

real South. and West.
(Ireland) ..
Ditto, Eighths ll
Great Western 100 '9 5/0/2 59!4x.n 58%x n
Ditto, New 171........ 15 ... 8 x.n 8 x.n
Hull and Selby .. ...... 50 ...... 95 .
Lancashire& Yorkshire 100
Do. Thirds .... ...

...
I)o. (W. Riding Union) 1118 3%
3 t
Leeds and Bradford 6O —
Lon'ion, Brighton, rad
South Coast.— .....100
London and N W.2itern 100 1091 103% 1091,4 138%
Di ..t.o, New Quarters 12 ...... 12 12% ..... ... 12 %
'l),tto,Fifc, .
Do. 107. (.1. & B.) C. 1 ...,.. 1% 13%
London &8. Vu',,stern . 100 ... ~ 64
Al anchß ;ter. . Sheffield,
rnd Lincola.shire... 100
Midland ..
on., 501. Shareo
Do.3irm.,:and Derby 110
Norfolk
Do. Ext. Guar. 5 p. ct. 20 - lBl4
North Britian ..........2.5
Ditto Preference
North Staffordshire ... 17% 7% 734
Reading, Guildford, and
Reigate
Royston and Hitchin ... 4%..... MI .. 5
Do. Shepreth Eaten . %
Scottish Central
South Easter', .....
Do., Registered No. 4 10
Wear Valley 6 per Cent.
Guaranteed ... ... ..... 50 - ••• ...
Do. do. de. ... 25
Wiltl, Somerset,& Wey-
mouth
York, Newcastle, and
Berwick. .... .. .. 25
Do. Newcastle Extern, 20
Dc. G.N.E. Preference 8 ... 1 :!4 IA 1
York and North Midland 50
thtt..6 Preference
FOREIGN RAILWAYS.

- -
Boning-tie and /nions— 20 814% - 6112
Central of France (Or-
leans and Vierzon)... 20
Dutch Rhenish 8

Northern of France .__
16
Paris and Orleans ...... 20 ..... 3014_ .... ...... .. 304
Paris and Rouen 2O ...... 22% 22 . 22
Paris and Strasbourg
Rouen and Havre ...... 20

MINES.
Brazilian Imperial
BrazillanCocae,i&Cuiaba 30 ...... 3 •••• 3%
Do. St. John Del Rey 15 ...... 15% 15%
Tin Croft ...... 7 .... ......... 12,!;*
JOINT STOCK BANKS.
Colonial

THE TUNNEL THROUGH THE ALPS.—The King of
Fordinia has ec.nctioned the law allowing a crrdit of 170 000 E
great, tunnei oe ihe Savoy U‘ti4emi between barthmeche and
Modane. A hydraulic machine is to be erected to put the
former in motive.