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

MONEY and COMMERCIAL NEWS.
CITY, QUARTER TO THREE.
The sales of Cotton at Liverpool, yesterday, were about
8,000 bales of which 3,000 were taken en speculation. The
market' closed firmly.—Railway Shares were dull, and
prices tending downwards.
The weekly statement of the Bank of England to the
26th inst. is only worth particular comment in respect to the
Note Circulation, which is higher, althcugh the advances
upon other securities were diminished. The further with-
drawal of deposits will account for the extension of issues.
The bullion decreased but slightly. Compated with the
previous week, the results are as follows :
Notes Issued .
Decrease .

... £30,060,500
... 3,165
... 3,229,097
.. 5,492
... 64,990,42
... 1C0,719
... 10,805,883
... 264,811
... 1,171,320
9,229

Increase ...
Public Deposits ...
Decrease ...
Other Deposits ...
Decrease
Seven Day and other Bills
Decrease ... „.
Government Securities ..
Other Securities... ...
Increase ...

... No alteration.
... 9,883,402
... 35,362
• 10,:354,685
... 375,965
... 16,7:44,201
... 32,129
▪ 19,705,815
• 72,500

Notes ...
Decrease
Bullion ...
Decrease ...
Active Circulation
Increase ...

The rates of the Foreign Exchanges were a shade lower
yesterday afternoon on Antwerp and Paris, but rather higher
on Trieste and Hamburgh, and without alteration on Frank-
fort and Amsterdam.

The following report upon the state of trade in the manu-
facturing districts, sent horn Manchester by Messrs. M'Nair,
Greenhow, and Irving, is both interesting and encouraging:—
" The demand during the month has been very general,
and has extended both to the home and export trade. Con-
siderable purchases both in cloth and twist have been made
on speculation. Stocks of every description, as you will
have observed, are now very light, and many of the pro-
ducers are under contract for some time. It is this which
so far not only renders prices very firm, but in many in-
stances nominal. At existing rates, and with expiring con-
tracts, the extreme prices cannot be maintained, unless to •
reign markets so improve as to afford corresponding ones.
It is said that with regard to the country trade, the advance
cannot materially interfere with the price of a garment or a
piece of shirting. We think rather differently, for though
the consumer may not be able to estimate the difference in
price, yet in first hands the advance now necessary will in-
terfere with purchases. Both at home and abroad, though
prices do not rule so high as they, have done in
former years, yet, the fact of the low prices, as in IS4B, will
not so soon be ft rgotten. That period will be referred to and
remembered until a permanently higher range of prices at
home and abroad shall have induced practical forgetfulness.
We find upon reference that since October, 1848, an advance
equal to the following per centage has been matured ; for in-
stance :—Upon 7-8 and 9-3 Printing Cloths from 35 to 50 per
cent. ; 9-8 Maddapolans 15 to 52 ; 36 and 40-inch Shirtings
up to 72; Reed 20 to 40; Tangibs 25 to 40; India jaconets
30 to 50; low and inferior qualities of Domestics 15 to 45;
medium and best ditto 5 to 20; 'F and Long Cloths 10 to 25;
Water Twist 40 to 50 ; Mule Twist G's and 60's 45 to 50 ;
Ditto 70's and 100's 16 to 35, advances which speak for
themselves. During the last week little or no new business
has been done. The market is very inactive, and buyers for
export, unless for actual wants, prudently refrain from ope-
rating. Our immense production requires a corresponding
outlet; an object in our opinion which the present prices are
not likely to aid in effecting."
We have been furnished with further particulars bearing
upon the present position of the Mexican debt, and first we
must notice a letter from the committee of Spanish American
bondholders, which until lately administered the affairs of
the Mexican bondholders, and in which they state very na-
turally that the money remitted and already in the Bank of
England was entrusted to them, and that they ninst call a
public meeting to explain their proceedings. It matters
little, as long as the amount is ,duly handed over when the
time arrives, that a full dividend can be paid; and as to the
promised account of Mr. Robertson's proceedings, it ought to
have been given periodically, as he communicated them,fre-
quently during a period of fourteen mouths. The old com-
mittee is quite entitled to explain, but any mere personality
will certainly not be countenanced, if intended, as rumour
asserts, though we hope untruly. That there is every pro-
spect of the new committee working harmoniously with the
Mexican authorities the following letter will attest :
• " 32, Great Winchester-street, Jan. 30, 1850.
" Sir,-1 have the hocour to acknowledge the receipt of
your letter of yesterday's date, in which you are pleased to
inform me that by virtue of the resolutions adopted at the
general meeting of bondholders on the •s 3d inst., and of
which you enclose me a copy, a new committee had been
formed composed of the gentlemen elected, and whose names
appear in the 4th resolution, and that the said committee
had nominated you as their chairman, Mr. Francis Mills,
deputy chairman, and Messrs Thornton, Rhodes, and
Guedells, as sub-committee of finance, to confer with me on
various important points connected with my mission, and for
the interests of the bondholders. _ _

"You are also pleased to inform me that the committee
at their first meeting had unanimously resolved to request
you to pay me a visit,--and to assure me of the cordial co-
operation of the said committee in all matters connected with
the agency, and that is consequence you intend to call on
me at two o'clock.

"It will give me much pleasure to be ready at that hour
to receive you, and in the meantime I hasten to request you
will communicate to the committee that I recognise them as
the representatives of the bondholders legally appointed by
that body, and I flatter myself that the most entire harmony
will subsist bet Ween the said committee and the agency.
"I have the honour to be,
(Signed) "F. Liao.
"`V. C. Parish Robertson, Esq., Chairman of the
Committee of Mexican Bondholders."

The Committee of Spanish American Bondholders having
recently applied to Senor Osma, the Minister from Peru, on
the subject of certain bonds sent in for conversion, which (for
reasons given to the holders at the time) were rejected, have
received from that gentleman an assurance that he had some
months since informed the Peruvian GoVernment of the cir-
cumstances connected with these bonds, and that he has not
yet received the final determination of his Government on
the matter. Senor Oma adds that he will acquaint the com-
mittee as soon as that decision shall be made known to him.

The exports of the precious metals_from London during
the week ending Thursday last were 115,0'J0 ounces of
silver and 90 ounces of gold, all to the Continent.
The accounts by the West India mail are of much the
same tenor as those previously to hand, and the details
appear in another column, as also of the East Indian in-
telligence.
_ _

Tile Funds continue rather heavy. Consols, 96 to lit for
Transfer and Account, the present values being 96% to 14.
The NeW Three-and-a-Quarter per Cents. have realised 98%
to 34. Exchequer-bills are 58s. to 605., and Indian Bonds
928. premium.
In the Foreign Market, Peruvian Active Bonds have been
fairly sustained at 74% to 75, but the Deferred have dropped
to 29%'%. Equador are 4%. Mexican 291/s to *. Spanish
Three per Cents. are 3: ; and Portuguese Four per Cents.
35%. Russian Scrip is 3to 3% premium.
Railway Shares are lower for the most part, but
Great Western. There is very little doing.
oNE tIIAN'I: G
PRI ;Et; OF ,4/illirlli wUND3 O'CLOCK. vitICF.S. especially
96%
3 erl Cent. Reduced Anna 961/4A%
3 par Cent. Consols Anrui ties... - 96% .it 96 998644
NArens....... 9 8 % 34 lia
8 11_16 8 11-1 G
Long Anns.to expire Jan.lB6o
8 716 8% 8 h-16
Ditto 30 years, Jan. 5, 1860.
India Bonds, 1,000/
Ditto under 1,0001... ....-.••• --_,.1/13 90 p
, 96 9614
Consols for Account .................... In, 4
11,4,d. 8; 2d
If.'xchequer Bills.
1,000/. June ..... - ...... ... ..... ~. 60 58 p

OI.OrsING
tRICES
Bonds, 6 per Cent 54% 55 55
Buenos Ayres
PRICES OF FOREIGN FUNDS.
poN,ctev
98
Danis 1
100 100
Ditto 5 per Cent. ...
Cuba . Bi
Bonds,onds , 6
pi 8e 2r SC, e3n tper.. Cent. ..:
.. 7. 9-8
Egrupeuaeitakte ma I a Bonds
Bondsßonds
. .
dto°r ex Over-due:Coupons 614% 6%
34
Mexican, 5 per Cent. 1846, with Coupons— _.GG
Ditto, Ex Jan. Coupons •
Ditto, Account 2 iAI4 294
Peruvian Bonds, 4 per Cent
Ditto, Account ...... 75 74 74% 54
Ditto Deferred
Portuguese 5 per Cents.
Ditto, 4 per Cent.
Ditto, Account
Russian Bonds
• --
Ditto Scrip ......... 3N, 3 p 3 p
Spanish 5 per Cent. 1840 .......... .. 19
Ditto. 3 per Cent ..................
Ditto. Account ..................... 37 37
Dividends on the above payable in London.
French Rentes, 5 per Cent —95 f. 50c.
Exchange ..... 25f. 4ie
I:utch 2% per Cent... 12 Guild.
Ditto, 4 per Cent. CortificateF — 8544
PRICES OF
,BUSINESS DONE CLOSINt.
RAILWAY MARES. FAL"' AT ONE O'CLOCK. PRICES.
Birmingham and Ox..
ford Junct., calls duly
paid, or with a guaran. 20
Do, withoutguarantee 20 ...
Birating, Wolverlfton,
and Ditdley, calls duly
pd, or with guarantee 10 .....
Bristol and Exeter 92 .....
Ditto, Thirds
Suckinghamthire ...... 171.4
Caledonian ...... .. ...... 50
Ditto, New 101. Pref... 10
Eastern Counties... ..... 20
Ditto,Extension, 5 per
Cent., No.l 61.135. 4d.... 1,---. ........ % P
Edinburgh and Glasgow 50 ...... 27 "
Great Northern
Do., %B 6 per Cent... 71% 4 ..4
Do., 5 per Cent. Pref. 12%. —
Great Western 100
Ditto, 4 Shares
2025
.. ... 1534 164 ... .. 164
Ditto, F
ifths... . 1114
Lancaster and Carlisle... 50 ...... 50 .... ... ..... 50
Do. Fifths... ........ .... 10
Do. Thirds ...... ....... . 18 ... 6!,t , B%
Do. (W. Riding Union) 10 ..... 3'A li 8 1
%
Leeds and Bradford...... 50 lOl 100........ 100
London, Brighton. and
South
uNthewC: guaranteed
135 8234 83 x. d. ... 83 x.d .
Do.,
135 x. d.
115% 116% ..... 116%
Lond6onper..loo Cdemntw...e.st..e.r.n..lloooo
Muiche.;ter, Sheffield,
and Lincolnshire...100
2% ... 2%
.. 44
mdDioan. yed 5.h..5r..e..5..(.N...0....3..)111021/1
~.
431/4
44

Do., ;IC 50' Shares 30 6 z,1i.... .... ... 61 „o. ... ..
Do.o ;nsol.Bristol and
Birming., 6 por et. ...100
North Staffordahire ... 17% 7N, 7 ...... ...... 7
Heading, Guildford, and
Reigate
S:trewsbury & Chester
(Nor. W. Min.)
Do. 8 per Cent. Pref. 10
oath Eastern
Do., N 0.2. .. SO
Do.. Registered No. 410
South Yorkshire, Don-
caster, and Goole ...... 12
WiltA,Somersct,& 'Wey-
mouth 5O , ._..
York, Newcastle, and
Berwick. .... . 25 ...... 104 I6X
Do. G.N.E.Prefer thce 8 ..... 8
York and North Midland 50 ......