The Sun.
London, England, 1850-06-11 00:00:00

COMMERCIAL INTELLIGENCE.

NEW YORK, MAY 27, 6 P.M.—Since the departure of
the Pacific on Saturday last, nothing of importance has
transpired in the business circles. The Crescent City
arrived from Chagres on the afternoon of the 25th,
bringing about 200,000 dolls, in gold—this amount is
much less than was anticipated by many—nevertheless,
as the digging season had commenced, and great numbers
had left the cities for the Placers, it is to be expected
that subsequent arrivals will make up the deficiency.
The accounts from Cuba, as published in this morn-
ing's paper, have given great satisfaction to the business
community; the flight of Lopez having removed all ap-
prehension of trouble with the authorities and conse-
quent interruption of trade.
The advises from every section of the cotton-growing
districts are more unfavourable for the growing crop
than we have ever before known them. In the Atlantic
States, in addition to loss by overflows, the season has
thus far been cold and wet, the nights chilly, and it is
well known that a stand cannot be obtained under such
circumstances. The plant is everywhere small and
stinted. A correspondent at Colombia, South Caro-
lina, under date of theOtOth, writes as follows:
',Since we wrote you last, some of the finest cotton
lands of our state have been entirely and unexpectedly
overflowed so that the planters who are irithat situation
have no expectation of replanting in cotton, and but
hope should the waters assuage soon, that they may
possibly get some corn in the ground in time. Even
before these last occurrences, the cotton crop was 'con-
sidered fully as backward as last season up to this time ;
and as we could hardly hope to have a batter summer
and fall than the last, the prospect seemed scarcely as
promising even as last year, and now, with
r,sibsthi: to have
anything addi-
tionalare floods, we do not see how it is
anything other than a very short crop."
PHILADELPHIA, MAY 27.—There is very little de-
mand for cotton, and the market remains without any
particular change, only some small lots changing hands
at firmer prices. In flour I notice sales of 2,000 brls. to
go out of the market at 5 dolls. 28c. for selected brands
at 5 dolls. 50c. for extra, with tz firm market. Of corn
meal a sale of 500 brls. was made at 2 dolls. 87ic., at
which rate there is a good demand. Rye-flour is held at
3 dolls, per bbl., which being above the views of buyers
sales are limited. Wheat is scarce, and wanted; and
about 5,000 bushels mostly Penn. White sold at 124}
to 125 c., the former in store. Rye scarce at 67c. Corn
—no change, with sales of 6,000 bushels southern yel-
low at 61 to 6lic. Oats—brisk, and 1,500 bushels Penn.
brought 42e.
NEW ORLEANS, MAY 24.—The cotton market was
heavy yesterday at if decline,
bales. Middling uplands at to llie. _
with sales of bTahreelimalr,Okoeot
fbr sugar is buoyant, with sales of 100 hhds. at sic..fohr
prime, which is
moderate sales at 22c.
ic. advance. Molasses is steady, wit

The shareholders of the York, Newcastle, and
Berwick Railway, iu acknowledging the important services
of their Committee of Investigation, have presented each of
its members with a piece of silver plate, value 100 guineas.
To Robert Prance, Esq., a centre ornament, with group of
figures; to Duncan DiPLaren, Esq., an elegant tea-urn; to
John Kipling, Esq., a candelabrum, with group of figures;
and to James Leachwac, Esq., a very richly-01114221eUtad
YU%

~~

. ;
MONEY and COIIIIIIERC AL NEVI'S.
, CITY, TWO Q'CLOCIr.
e sales of Cotton at Liverpool yesterday were e id-
aistedat 5,000 bales, of which 800 American were tak:en
for export and 200 on speculation. The isles conspritted
4,000 American, 300 Pernam and Maranhao:l at 7fd. to
Sid., 300 Egyptian at 70. to Bd., and 200 Burst at Ofd,
to 6d. per lb.—Railway Shares were quiet, but firm.
There are letters and papers of January 10th from
Sydney, and also accounts from Van Diemen'e
Land, but they are not generally of later
date. It would appear from the scattered items
of news that the idea of a new constitution was especially
popular in New South Wales, but that there is no very
general feeling a 6 to whist would be the most advisable
form for it. A meeting held at Sydney broke up with-
oat adopting any tangible resolutions. The emigrants
by the ship Blond were meeting with ready tinzagements.
The dry weather had proved injurious to the flocks, and
in the Bathurst district the clip would fell very short of
the average of many previous years. ettAts
Cape of Good Hope accounts of April 12 furnish the
report of the Graham's Town Committee on the forms*
tion of the eastern province into a distinct and separate
government, and very strong facts are addbced in sup-
port of the proposal. • The great progress made by the
colony, its important trade with the interior, and its re.
venue, all seem to entitle it to manage its own affairs,
independent of Cape Town ; but at the same time we
think that economy should be strictly studied.
The letters by the steamer Hibernia have, been deli-
vered, but add little to our previous advice..
The commercial accounts from California, by the
Tennessee, are more favourable than those received by
the previous steamer. Prices of real estate, in the
older settled parts of the country, had settled down upon
a more reasonable, permanent basis ; but in the new
places springing up at different points in' the mining
districts, prices for lots ruled enormously high, and
the usual speculation and excitement eibted.' As soon.
however, as they have run their coarse, 'a reaction
will take - piaci?, and -those who keep cool, and
are in no hurry, will be able to purchase at conipstae
tively low prices. All kinds of merchandise bad largely
depreciated in market value, and • lumber was a perfect
drug, prices current not paying 'charges for freight.
Provisions and breadatuffs were doing better; but prices
were ruinous to shipaers in the United States, and the
alivicei received by the last and aereral previous steamers
are caldulated to chock any very **squid!. E shipment,
fiom tbis part of the *Odd. From the mines. the se-
cotints continue favourable soil the prospects flattering.
The Tennessee brought down 551,361 dolts, in gold dust
and coin; It is stated that the passengers hive 200,000
dolls. in their trunks; but we • know not upon what
authority the statement is made, and we give it for what
it is worth.

We have received the following letter upon the subject
of the Madrid and Valencia Railway:—
" Sir,—As you have invariably stood forward to pro-
tect shareholders from being wronged by directors of
railways; I hope you will enlighten (by the insertion in
your valuable journal of the following statement of the
Madrid and Valencia Railway Company) tbi unfortu-
nate shareholders, so that they may not be duped to
part with their shares for a trifle. '
" The following are the assets they hare to account
for
of account rendered to 31st
December, 1846 ... ..• 145,263 15
Received since from the Bank , of
England ... ..• ..• 30,712 17 10
Interest on 75,0001., to 31st December,
1849, is, 3 yrs, at 4 per cent. per
annum ••• ••• ••• •••
6,000,000 in the Bank of San Fernando,
at present price of 32 exch. at 'sod. 20,000 0
7 dividends thereon, received by Mr.
Chadwick, al deposed by the seem-
taty, 90,000 reals, ea. exch. at 501
is 9371. 10s.

0,000 0 0

6,502 10 0

£111,541 3 1
The secretary deposed that upwards of
30,000 had been bought up, be sup-
posed at about the average of 205.,
would be

... 30,000 0 0

£81,541 3 1
Here is what the directors individually and collectively
must account for. It is true at the bottom of that ac-
count they state the following liabilities:—` Surveys be-
tween Valencia and San Felipe.'—l have called re-
peatedly at the office to see them, but they are not to
be seen. Were any ever made? ' Expenses at Madrid.'
—The Spanish directors at Madrid state them to have
been Rs. 112,032 3c., and that the interest received on
the deposits paid it, and in consequence they honourably
returned the deposits in full to the Spanish shareholders.
Solicitors, &c.'—There has been no suit against the
company, and one only against the directors for their
malpractices, which they settled by paying the plaintiff
Scarth, in full and his expenses. It was Teri kind of
Mr. C. introducing to his son-in-law Pattison, Wells,
Neale, and others, but be must go to them for his
payment. Some of the directors obtained indemnities
trom.Mr. Chadwick. Why? They must have known
there was something wrong, and for which they would
be personally liable, and wonted to secure themselves
against it. Can any of them be as immaculate as they
pretend? Can it be supposed by any reasonable person
they would have allowed Mr. Chadwick solely to benefit
by keeping so much money in -his hands? Why did not
those who new pretend to be so innocent call the share-
lolders-together and 'make known what was going on?
Should they not have been warned by the expose of, the
North Wales Company? If they are such ignoramuses
as they now wish to appear they must pay for it.
" E. H. LMDO."
The Funds have been higher again, with a stead
business doing. Consols have realised 96j, and 911
for Transfer. and 97i to 9? ; and even where heavy
accounts are carried over, as much as 97 7-16 tbs and f.
The New Thr, e-and-a-Quarter per Cents. have been 97i
to 98k. Exchequer-bills have been quoted 68s. to 71s.
premium; and India Bonds 85.. to 868. premium.
In the Foreign Market, Mexican Bonds are very
flat, being 314 Chancery proceedings are about to be
commenced by the committee, it is rumoured against Mr.
Robertson, to compel the transfer of the amount in the
Bank of England and the sums that will fall due for
cotton licences to the committee, while on the other
hand, Mr. Robertson intends, it is said, to file a bill for
the recovery of the large commission which he claims
for his services in procuring the indemnity money. on
the other hand, however, there are doubts expressed
whether the ratification of the agreement will
not be delayed in the Mexican Congress, when
it is heard that Mr. Robertson's engagements to Ivy
large sums to particular persona in Mexico, who aro sibid
to have rendered important services, are not likely to
be carried out. Peruvian Active Stock is worth 77k,
and Portuguese Four per Cents. are 34 to Spanish
Three per Cents. are steady, at 38. Dutch Two-and-a-
Half per Cents. have been 51.
Railway Shares have been higher again in several in-
stances.

QUARTER TO THREE.
Console "
" . 97* *
Ditto Account 9-i
BRITISH FUNDS THIS DAY AT ONE O'CLOCSL
(From the Official List.)
3 per Cent. Reduced Annuities
S per Cent. Consols Anne
New 314 per Cont. Anne. 97% 98%
Long Annuities. Exp. Jan. sth, 1660 8 3-14
D 0.30 Years, Expire Oct. 10,1859 7 15-18

India Stock
Do. Bonita, 10001 B6 85 p
__

Ditto under 1.000/. B9 p -
South Sea Stock -
Ditto New Annuities
Consols for Account
Exchequer Bills. Mar I%d. 2d.
ch. June.
1,0001. - 68 71 p
500/.............. - 68 71 p
Small - 6$ 71 p
PRICE OF FOREIGN FUNDS AT ONE O'CLOCK
Austrian Bonds, 5 per Cent..... - 78 77%
Danish Bonds 1825, a per Cent._ -
Ditto, 5 per Cent
Mexican 80ng5,1846,5 per Cent., Coupons -
Ditto Ex Jan. Coupons
Peruvian Bonds, 4% per Cent
Portuguese4Bßsopomnneßrdda :ICI:.
Cent.
n.Bl
pt,2. peres2:cs pa Cent Cent.........
..
Cent.... . .
/4
Ditto
Spanish
Russianpiti
st Ditto, ,
Ditto scrip
Spanish Ditto
Bonds,
3
Venezuela Bondsper 82%
Dividends on the above payable in London.
Dutch 21,4 per Cent., 12 Guild
Ditto 4 Der Cent. Certitcates
Cent,lß4o
arsarEss DONE IN RAILWAY SHARES AT ONI OCLOOt
RAILWAYS. Pam. Paz SL's.
Amber., Notting., Boston, &c. 8 -
filirmingham & Oxford Junct.,
calls duly pd, or with guar. 20 - to "-
iuckinghamshire -
laledonian
Eastern Count ea - ••• to -
Do. New Pref., 6 per Cent.. 10
Great Northern .
to -•
Do. 1,4, A Deferred ...... ... 124
to •-•••
great North of England ...... 100 ......
Ditto, New 15L..... ... ..... 15
...:-.:: 3.4
ex
n.
tot 5704
Greatpp oo.:We ewe t
le Western
..
..
..
..
..
..
11:15.
..
.....
...
4,3%17. n.
toto
....-..
LLeanedcass
anhidreßaranddfoYrodr.k.:
............................
........._s
..... . _
ta
West Riding Union..
..
5101% .........
95 . - ter
.......
to .-
LonDdoi, Bsne'w
ft -
12 ..... 12%
& South!' C.ointlll.ooloosl.
44........13013811
to
.....
6128 d ...
---41
12
Loron;
nnFetao.nnhddsGsr.
64 -
aNenVeswitecri...l..l..4.lloC)
-
London
1,1., London u,d
(o, n !Scs 1 iiN3bQlotr taii:abkr I'
:Wie 1 ir
e IL; n . . .
Ditto. New 504-- . ..... 42%...... 23% ..... to -
Midland - .... ...• ........ -100 ...... 37414% to -
Ditto, 50/. Shares..... ..... . 110 ...... 33A to 4
61idiand,Birm„and I)erby...loJ ....• 16
Midland, Consol. Bristol end
Birmingham, 6 per ccnt....100 1201,4...... to -e•
Norfolk lOO ....... - ..... to -
IN . Ex, ension Guar.s p ct 20 -
Korth British .. .. ....., .. . 25
_• •• • 751. !i -
fleadinrt.Guildtd.,& Reii,, to '2O - ,
South Eastern -
UM°, Registered .No. 4 lO ..•••• 5}4•••.•• T.--
York. Nowcastle, and Berwick 26 ..... 144 a . ... to 16
Do. and Yewcastle Exten. 20 -
Do. G. N. E. Pur. or Pref.. 8
York and North Midland ... 50 -
Ditto, Preference ............ 10 ...... 7% ti, -
FOREIGN RAILWAYS.
knglo Italian (late Italian ,
paarnisclaAndustrtiraansb).o.l.l.r.ii .................. S5/8...
.. .....1,4
.... . ro
-'
JOINT STOCK. ZA.NKS.
lustralasia .
_........••••••••• ..40 ..... - to -
Loadon and Wei ter' a -
thgla of lauclos ........ .... 10
.., , • _