The Sun.
London, England, 1850-08-29 00:00:00

MONEY and COMMERCIAL NEWS.

CITY, TWO O'CLOCK.

The Cotton market at Liverpool closed flatly yester-
day, with all descriptions id. lower, and low qualities of
American id. to id. per lb. lower. The sales were esti-
mated at from 3,500 to 4,000 bales, of which 500 were
taken for export. The sales comprised 50 Bahia at
Bid , 200 Surat 51d. to 6d., and 100 Sea Island at ls. 2d.
to la. 9d. per lb.—Railway Shares were steady.
The sale of Wheat last week in the markets which
make official returns were 81,760 quarters.
Advice, of May 18th hare been received by a vessel
direct from Wellington, New Zealand. Complaints are
made of the excessive expenditure, viz., about 4,0001.
per quarter, while the income was but 3,0001. Taking the
year, the excess of expenditure was 3,4381. It is further
made the subject of complaint that Sir George Grey hao
not appropriated to the making of roads the sum
granted by Parliament last year. The trade of the port
was improving. Two vessels had cleared out during
tie season for England, lad• n with the produce of New
Ze:laud, and three vessels hart left for California, with
full cirgoes, while others were preparing to follow.
First flour was 164. to 20s. per 1001bs. Beef 3d. to 63.
per lb.
At Amsterdam en the 27th inst. there was nothing
particular doing in Dutch Stock. The Two-and-a-Halt
per Cents. were 57 3-16. Spanish Bonds were in
request.
Accounts from St. Petersburgh furnish us with the
interesting statement or budget of the Minister of Fi-
nance. From this it would appear that there were
issued last year four new series of treasury bonds, each
series amounting to 3,000,000 eilverroubles in order to
pay the expenses of the Hungarian war. The loans
made, and constituting new debt, inscribed in the " great
boek" last year, amounted to 14,732 750 silver roubles,
and the total debt is returned at 336.219,492 roubles,
the annual interest on which is 23 978,039. The capital
of the sinking fund is 55,500,000 roubles. The
Imperial Loan Bank has a capital of 8,700,000 roubles.
The loans on securities amount to 284,000,000 roubles.
The circulation on the 23d January last was 300,000,000
roubles, and the amount of the precious metals
136,009,000 roubles. The savings' banks have deposited
with them 1,233,000 roubles, including the accumulated
interest.

The meeting of Spanish Bondholders, held yesterday,
attracted, as was to be expected, a numerous attendance,
and much curiosity was expressed to learn what would
be the recommendation of the committee. It was felt
that the present would be an important occasion,
and it was hoped, too, that it might be the last
upon which the bondholders would be assembled
fur the mere purpose of acquiescing in fresh
sacrifices. Some approach to an equitable compromise
was observable in the fact that the Junta of Public
Credit at Madrid, warned by the manifestation of indig-
nation when a remorseless and shameless confication of
capital was proposed, has presented a modified project,
which, setious as are the concessions proposed under it,
still has the merit of leaving the capital intact. Upon
the arrears of interest there is a great reduction,
but it is needless to go through the scheme mi-
nutely, as the bondholders have adopted the proposals of
their own committee, to the effect, that for every 1001.
of Active Stock and the 10 yi ars' arrears of dividends,
due on the Ist November next, being 501. sterling, 150/.
of Active Stock shall be given, to commence bearing
interest at 1 per cent. per annum, from the Ist January,
1851, and increase ss. per cent. every second year until
it reaches 3 per cent.; while for every 100/. of Passive
Stock 331. 65. BJ. of Active Stock, bearing the same in-
terest es above stated, shall be given.

Mr. Weisweiler, the agent of Messrs. Rothschild, who
has acted for the bondholders, deserves well of them,
and Lords Palmerston and Bowden have also rendered
good service, so that we are really sanguine of a good
result. The Spanish Government must, for very peace-
sake. de) something.

The English Stock Market is exceedingly inanimate.
Consols have been 96i. to for Transfer, and 96j for
Account. The New Toree-and a-Quarter per Cents. have
realised 98- to 99i ; and the Three per Cent. Annuities
97 to *. Bank Stock has been at a rise to 215 and 216.
Exchequer-bills are 654. to 68s. premium.
In the Foreign Market Spanish Bonds ore more
buoyant; the Five per Cents. have realised 18-i ; and
tt e Three per Cents, are at about 37i. Portuguese
Four per Cents. are worth 33 to 34. Mexican are e.lled
29i s ; and Peruvian Four-and-a-Half per Cents. 81 to
82. Dutch Two-and-a-Half per Cents. have been
57i to
Hallway Shares are rather buoyant, and the traffic
returns are mostly good.
The last week's railway receipts, ascertained up to this
day, were io round figures as under:-
1850.
Great Western

1849.
16, I 50

North-Westcrn
South• Western

45,753
11,015

Brighton
Midland 24 262 23,440
Dover 16.890 ... 13,886
In a comruunicatiou from Manchester by Messrs. J.
Railton and Sons, it is remarked-upon railway matters
that—
" All reflecting persons may easily conceive the de-
gree in which Goaernmental interference may confuse
and harass the economy of a railway concern, however
slightly the at.empt be made; but none can forget the
practical injury to railway interest s hen Government
looked tamely on while Parliament in 1845 let loose its
unguarded power to create an excess of new rail-
way schemes, chiefly unrequited, inducing a necesssity
for new capital impossible to raise; and which, in very
numerous instances have been wisely withdrawn under
the Abandonment Act, after creating disputes to be set.
tied in Ch ancery, of the most shuffling and disgraceful
nature, alike humiliating to the dignity of Parliament
and the lolly of impetuous gamblers. For Government
to set loose a new set of officia;s in any form, to fasten
on railway affa.rs, would be as fatal to the interests of
shareholders as are the followers of an army on the
heels of retreating troops, who kill the wounded and
carry off the spoil. Surely such madness will not again
be attempted, or shareholders suffer the disgrace for its
absolute necessity! Every man must now hold by his
case; and suerly no present director will flinch from his
imperative duty until it Is faithfully and honourably
performed."

QUARTER TO THREE.
Consols ... 96
Ditto Account .........961

ONE
ritICES OF BRITIsa F UNDS O'CLOCK.
sank Stock
er k,eut. Redueeci Arna
3 per Cent. Consols Annuities 96
Ts.Niv 3M per Cent. Anne......-...... 987 991
L ng Anna. to expire J an. 1860 8 5-16 814
.Ditto, 30 years, Oct. 10. 1859 -16
Ditto 30 years, Jan. 5, 1860
India Stock
dia Bonds, 1,000/....
Ditto under ..... 89 p
South Sea Stock
Bank Stock for Account, 2153/
Consols for Account 963
xchequer Bills. 1 40. & 2d
1,0001. June 65 68 p
500/. June
Small. June 65 68 p

ONE
PRICES OF FOREIGN FUNDS. O'CLOCK.
suenos Ayres Bonds, 6 per Cent—.
Ditto, Account ...
Danish Bonds, 1825,3 per Cent.
Ditto 5 Der Cent.
demean, 5 per Cent. 1846, with Coupons—
Ditto, Ex Jan. Coupons . .... 291,41%
Peruvian Bonds, 4% per Cent —
Ditto. Account
Ditto, Deferred
Russian Bonds

81%
3a14
112%
19►,1
19%
8%
37%
37%

Ditto, 414 par Cent
Bp Aninb 5 per Cent. 1840 lBl, ii %
Ditto. Account
Do., Coupons..
Ditto, Passive 37i
Ditto. 3 per Cent
Ditto, Account ..,... 37N
nividends on the above payable in Lon toe

French Rentes, 5 per Cent 97f. 50c. 97f. 50c.
Exchange
Oaten 2% per Cent., 12 Guild.
Ditto, 4 per Cent. Certificates B9l b 9%
PRICES OF PAID. BUSINESS DONE CLOt•INu
.
RAILWAY SHARES. AT ONE O'CLOCK. PRICES
kberdeen 5O - ••
Do. Preference... B} - dis. ••..•• .-- dis..
Amber. Nott., Boston,
and Eastern Junctien 81,4
kyrshirs and Galloway.. 7%
Belfast & County Down 32 ...... ....
Becks & Hants Extens.
(Gt. West. Per. 5 per ct.) 6
tiirmingham and Ox-
ford Junct., calls duly

Paid, or with a guaran.. 2O —
Do, without guarantee 20
Binning, Wolverh'ton,
and Dudley, calls duly
pd, or with guarantee 15
Do. without guarantee 15
Birming.,Wolverh'pton,
and Stour Valley 131. 14s ...
Birkenhead, Lancashire,
. .

and Cheshire June.... 26
Bristol _and Exeter 100 ...... •••
3uckinghamshire
Caledonian
Do. New 10/. Pref-... 10
Ditto,ClydesdaleJunc 50
Chester and Holyhead... 50
Ditto, Preference l5 ...... 8
Clarence
Direct London & Ports-
mouth
Oublin and Belfast June. 45 ......
)undalk & Enniskillen 80
E Ist Anglian, 251., L &
E. and L. and D...... 25
Do. 18/., E. & H.... 18
Ditto, 71. 175., 7 per
Do., 31. 10s., Pref... 3%
Cent., Preference... 2
"a2tern Counties...
Ditto,Extension, 5 per
Cent., No. 1 61. 13s. 4d.... p . ... ......
...
Ditto ditto, No. 2...61. 13s. 4d... % p
Do., Now Pref.rence, .
6 ver Cent........... 10
Do. North. & Eastern, .
6 per Cent. ..... .... 50
Ditto. 5 per Cent... 50
Do. New ............ ... 43
Eastern Union, Class A
(late E. U. Shares) 25
Ditto, Class A, ditto... 6
Do., Class B& C ... .. 25
Do. Scrip (6 per cent.) 20
East Lancashire
, Ditto New Quarters 614 — .
S
Do., 6 per Cent Pre- ..
•
ference Quarters ... 6k...... ..... ...
.....
..... a
East Lincolnshire, guar.
6 per Cent.
gdinuurgh and Glasgow 50 „ _
din, Perth, & Dundee 25