The Sun.
London, England, 1850-03-16 00:00:00

In, UM,

MONEY and COMMERCIAL NEW,!4'.
CITY. QUA.IITER TO THREE.
In the Liverpool Cotton Market the sales yesterday
were small, and the total for the week is but 25 770
bales. Prices have ruled heavy.—Shares also were dull
at the outport.
The 13a, k if England return of liabilities and assets
made up to ihe 9th inst. gives evidence of the abundance
of money, and the balances both to the credit of the public
and private chpo,itor are increasing. This acts in turn
upon the circulation, which is lessened, notwithstanding
the increase in the other securities, and in the urem-
ployed notes. It cannot indeed be expected that the
circulation will now increase until the dividends are
paid. The precious metals show a slight increase. Com-
pared with the previous week, the return presolts the
following changes :
Notes Issued
1.; crease
Rest

... 30,347.380
... 28,780
... 3,595 631
... 2,697
... 8,160.205
... 321,997
... 10,165,C00
... 303,101
... 1,095,104
...• 1,202

Inci ease
Public Deposits
Increase ...
Other Deposits ...
Increase
Seven Day and other Bills
De crease
Government securities, no alteration
Other Securities 10,833 797
Inerease —. 438,767
Notes 1.1,519,435
Incrien e 151,550
Bullion ... 17,133,356
Increase L 7,496
Active Circulation ... 18,827,945
Decrease ... 180 330
The foreign Exchanges were yesterday quoted far
bills at 90 days at a slight &cline upon some of the Con-
tinental cities. Italy, however, was an exception, Trieate
being 11 48 to 52. Paris was negotiated at 25f. 674-e. to
72k; Harnburgh at 13 124 to 13i; Amsterdam at 12 24
to 1, and Frankfort at 1211 4.
The state of the coffee market both here and in Hol-
land seems to bear out the views of those who predicted
a decline, and it remains to be seen, now the Chancellor
of the Exchequer has stated his plans, whether there
will be more activity. Messrs. Franks and I\ :illard write
to us as fol:ovvs
:
" We stated when native Ceylon was at 65e. that it
was unsafe to hold above 455., since which it has touched
555, per cat., with the strong fact that thirteen vessels
have actually sailed from Ceylon with coffee, equal to
70,000 cwt. or 35,578 bags, 5,239 casks. In about
another week we may also expect further accounts of a
similar extensive quantity having left the island, and
with large pat cele ready for shipment. For the purpose
of ascertaining the real state and opinion on the Conti-
nent relative to t'le coffee trade, we specially sent a
par ty to the leading markets, and the result appears to
be that there was an impression in some quarters that
crops would be rathpr deficient, but no real Net could be
adduced to carry out the idea. Opinion is even more
unfavourable than heretofore, and which is not surpris-
ing, when we state that production in Java and in the
Brazils is larger than what was calculated upon
a few months back, whilst of Ceylon there will
be a yield equal to the last three seasons, and in
other coffee producing countries it is now beyond
a doubt there will be large crops. The consumption on
the Continent continues to be much interfered with by
high prices and other causes; there is also a further di-
minution in this country, owing to similar instances.
Stocks continue to accumulate, and are greater than at
this time last year by nearly 40,000 cwt. of Ceylon at this
port alone, s hilst there is at the Dutch ports a greater
quantity of Coffee than in March last year by upwards
of 90.000 huge. Deliveries here have already fallen off
to the extent of about 16,000 cwt. for home consump-
tion, and 6,000 for exportation, compared with 1849, up
to this time; whilst there is every prospect of even a
greater deficiency. The result of the Dutch Compeny's
sale has produced disappointment here, as rates declined
2to 3 cents. compared with the valuations. Prices rule 1
from 321 to 391, or at an average of 33 cents. fur good
yellow Java, equal to 54F. 9/1., which, allowing for
quality would make the value of native Ceylon 51s. to
52-.; so that at this rate tl,e export price here is not
above 50s. per cat. The present value of aeive Ceylon
is artificial, and it is evident that the time is not far
distant weee there will be a further reduction. The
downward tendency will be meal assistel by the trade
operating in the tame cautious manner as for tae lest
ten weeks, and refraining from placing any reliance upon
reports circulated by interested parties."
The financial plans of the Chancellor of the
Exchequer appear to have been very correctly
foreshadowed in the rumours that were yes-
terday circulated in the City. About half the
surplus is to be applied to the reduction of tax-
ation, and the other half to the redemption of debt. Of
course this course has its advocates and opponents.
There is nothing bold or original in it, and as in all in-
stances of " trimming," no one will be thoroughly satis-
fied. The sticklers for the reduction of debt wished the
whole surplus to be applied according to their way of
thinking; the financial reformers that the uttermost far-
thing should be surrendered to the people, as the surest
means of compelling further retrenchment, and not, as is
speciously alleged, from any desire to damage the na-
tional credit. A surplus left with Government is a pre-
mium on the maintena• co of sinecures arid extravagance,
and applying three- quarters of a million sterling to the
debt will not take the amount entirely from Government
control in future years.
The accounts from the manufacturing districts notice
a dull stater f things generally, but trade is in a whole-
some state nevertheless.
The exports of the precious metals direct from London
this week have Leen about 118,000 ounces of silver, and
3,788 ounces of gold, all to the continent.
The Funds opened a shade lower, and upon a sale by an
influential broker, they gave way suddenlj , Consols drop-
ping from 96 and 964- to 951 1. They have since rallied
to 95i and 96 for Transfer and to 96 and 96* for Ac-
count. The Reduced Three per Cents. have been done
at 96'1 with the dividend. Exchequer-bills have realised
595. to 61r., and India Bonds 85s. to 88s. premium,
being very firm. Some of the speculators appear to be
disappointed that the whole of the surplus revenue
is not to be applied to the redemption of the debt.
The Foreign Securities are not so good. Russian
Scrip has been as low as 4 premium, Red Dutch Twc-
and-a-Half per Cents. have declinod to 541. The Am-
sterdam Bourse on Thursday was lower. Peruvian
Deferred have had a tumble from 29 to 261, and the Ac-
tive have been 71 to 72k. Equador stock is at 31.
Buenos Ayres Bonds are 51 to 52; Spanish Five per
Cents. have been 10,- to 17.
In Railway Shares very Hale is doing, and prices are
rather heavier.

BRITISH FUNDS THIS DAY AT ON.E O'CLOCK.
(From the Official List.)

_
per Cent. Reduced Annuities .. 96X
3 per Cent. Consols Ann.s
India Stock —
Do. Bonds, 10001
Ditto under 1.0001
Consols for Account
Exchequer Bills. I 'Ad. 2d.
March. June.
1,0601.
5001 ••• -- 59 61 p
Small — 59 61 p
PRICE OF FOREIGN FUNDS AT ONE O'CLOCK.
Buenos Ayres Bonds, 6 per Cent...
Ditto Account .
Chilianßonds,6 per Cent ...... .. —
Ditto 3 per Cent
Equador Bonds ....... ...........
Mexican ti0n45,1846,5 per Cent., Coupons
Ditto Ex Jan. Coupons
Ditto Account
Peruvian Bonds, 4 per Cent —
Ditto for theAcc•unt. .
Ditto Deferred ...
Russian Bonds. 1822,5 per Cent —
Ditto Scrip 11; 0 34 p
Spanish Bonds, 5 per Cent. ...... .. 163/
Ditto for the Account .......... 17
Dividends on the above payable in London.
Belgian 41/2 par Cent. ' BBI,E
Dutch 21Ai per Cent., 12 Guild
RKSINESS DONE IN RAILWAY SHARES AT ONE O'CLOCK
RAILWAYS. PAID. PIM SHARE.
'aledonian
Eastern Counties
Do. New Pref., 6 per Cent.. 10
Do. Eaten., 5 per ct. No. 1,6/. 13s. 4d .. p to
Do., do N 0.2,6/. 133.4 d... 1/2 p... to
East Lancashire ...
Edinburgh and Glasgow
Great Northern 22 - to

D 0.1,4 A Deferred ........ 121% 2
Great Western ..................100
Ditto,llal f Shares
Lancashire and Yorkshire...loo .....

Ditto Quarters...,., 2314....... 81,4 to
Loud., Bright..34SouthCoastlo9 —... 79;4 to
Do., New U., gua. 6pr -CLIO° .133 .... . to 133
London Ss North Western.....loo 1041,4 M.'s to
Do. New Quarters.
_ .

Do. 101.... Pd. and B. (C.) 1
Loudon and S. Western ... ...100 ..... 63
Manchr, Sheffield, and Linc.loo ......
Ditto, New 101. Preference 10 ...... 71A to
Midiztd...... -, .... ....... ...100
Ditto. :9/. Shares ..... ...... 30 ..... . 5
North Wester' ...... 133% ..... 614. ..... to 6
!=hrewsbury and I;rialin gk am 13!4...... 8 Ar', to
Ditto, New Guaranteed 8 ...... 9%
South Staffordshire ............ 8% 4%....•• to
South Eastern
Ditto, Registered No. 4.... 10
Y ork, Newcastle, and Berwick 25
Do. and Newcastle Exten. 20
Do. G. N. E. Pur. or Pref. 8
York and North Midland .. 50
Ditto, Preference lO

FOREIGN RAILWAYS.
Boulogne and Aliniens 2O ..... 63/4%... to
Strasburg and Bale l4 ...... to

JOINT STOCK BANKS.
London and Westminster... 20
Union of Madrid , 4O
...... to

COURSE OF
Amsterdam ...... •• .• 12 2%
Ditto, at sight • ..... 12 1
Rotterdam .... • • .... 12 22.4,
Antwerp • • .... 25 75
Hainburgh .... • • 31.8 . 13 131 A
Paris, 3 days'sight • 25 52%
Ditto, 3 months .... 25 75
arseillos •• •• •• 25 77%
. 25 72%
Frankfort on Mains.... 121%
Petersburgh, Sil. Rble.. 37;4
Berlin ..
Vienna, effec. 11 5;
Trieste, ditto.. 11 65
Madrid .... 495,
Cadiz .. .•
Bilbao.. ••••
Rareeloza .•
Sevillo

' EXCHANGE.
Gibraltar• • •• „ •• •• •• •• ..
Leghorn 80 35
Genoa •• •• •••••• •• •• 26 0
Venice• • • • • • • • • • • • • • ••
Naples .. .... • • • . 40%
Palermo, peroz ........ 124
Messina .............. 122%
Lisbon.• ••••••• • • • • • •• 63U
Oporto • • 53%
Rio Janeiro ••••„ • „ • • .
Buenos Ayres
New York, 21 days'slght
Philadelphia ..........

riucts or BULLION, PER 08.
Fore!gn Gold in bars...i3 17 9
Portugal Gold Coin .. 0 0 0
Spanish Doubloon■ 0 0 0
New Dollars 0 4 1014
Silver iu bars ........ 0 4 1 I 913

SHIELDS, bleacu 15.—WindE.N.E.--Id. Alexander
Hall, Valparaiso; Forager, New Yotk.