The Sun.
London, England, 1850-03-22 00:00:00

ITALY.

King BoMBA is in a terrible fright lest Sir W.
PARKER should pay him a visit to remind him of
certain little accounts which he has to settle with
England. He has dismantled all his war steamers
and laid them up in ordinary in the Royal Arsenal, so
as to put them, if possible, out of Sir W. PARKER'S
reach. _ _ _

It is currently rumoured that the POPE will leave
Portici for Rome either on the 7th or on the 10th of
April.
The Austrians are fortifying themselves at Spoleto.
The French are highly displeased at the approach of
the Austrian troops to Rome. RADETSKT and his
staff arrived at Venice on the 9th inst.

The Veto Amico of Bologno, of the 14th, states
that the Pontifical army is to be composed of three
foreign legions; namely, one of Austrians, one of
French, and one of Spaniards or Swiss. General ST
AasLND, who is entrusted with the organization of
the Papal troops, has proceeded to Rome, to confer
with the Pontifical Government on the subject.

MONEY and COMMERCIAL NEWS
CITY. QUARTER TO THREE.
The sales of Cotton at Liverpool yesterday were esti
mated at 6,000 bales, of which 500 American were taken
for export. The market closed heavily and American
mid. were d. per lb. lower.—Railway Shares were quiet,
and with the exception of the leading lines, a decline in
prices occurred.
The sales of Wheat in the markets which regulate the
averages were last week 77,113 quarters, and of Barley.
57,923 quarters. The last week's average price wae
38e. ld. per quarter.
In the colonial and foreign produce markets this week
no greater activity has existed than for some time past
The prices of coffee have been further depressed, and
sugar has been purchased sparingly, though not :lower
on the whole. The rice, rum, and cotton markets have
all drooped, and neither home dealers nor exporters ar,
inclined to buy.
The question of slavery or no slavery in California
has revived the controversy between the partisans of ihr
Northern and Southern States as to which could most
conveniently dispense with the other, and strong facts
are certainly adduced to show how important is the posi-
tion of the slave-holding districts. The south, it is al-
leged, is more than ever firmly convinced that in the
event of a dissolution the balance of trade between them
and the north would be annually millions of dollars in
favour of the latter. A table of exports before us serves
to prove this, and .a local writer remarks upon it:
We have put in the year 1847, fur the purpose of
showing, that with the enormous exportation of bread-
stuffs, at enormous prices, the value of the staple pro-
ducts of the south exported, at moderate prices, was
but twenty millions less than all the rest. In ordinary
years, the excess in favour of the south will average
about the same as in 1849. This year, 1850, the ex-
ports from the south will be unusually large, while those
from the north and west will be unusually limited, and
we have no doubt that, at least, two-thirds of the
aggregate exportation will be composed of southern
products. Of the imports, the two sections of
country are reversed. The north consumes about
two-thirds of the aggregate, so that it is clear that
without the south the north would be compelled to re-
strict their importations very much, or lose annually
large amounts of gold and silver. Without the south
the north would be annually buying more than selling.
and thus become rapidly impoverished. As a whale our
foreign trade is productive; but divided, the south woula
be daily growing richer, while the north would be
daily getting poorer. The carrying trade of the
south annually puts millions into the pockets
of the northern shipowners, and under the union
the monopoly of the coasting trade is enjoyed
by the north. A dissolution would open the southern
ports to vessels of all nations, arid the north could not
expect any better terms than those extended to the most
favoured. The north could not place a duty on the im-
portation of cotton from the south, while the south
could not put a high duty upon any articles from the
north. Great Britain cannot tax cotton, and the nor-
thern manufacturers would have to admit it free to com-
pete with those of England. New England manafac•
turers would have a auty to contend against in the
markets of the south, and they would find British
goods disputing every step with them in Charles.
ton and New Orleans. In any light in which
the question can be viewed, it assumes but one
aspect, and that is unfavourable to the prosperity and
progress of the north. The political and commercial
position of the south is much stronger than is generally
imagined. The more any cool, calculating, reflecting
men looks into the question, the more he must be con-
yineed of the reaouroos of the south, and the limited ex-
tent to which they are at present developed."
The issue of the struggle is highly important. We
are of opinion that there is some exaggeration in the
above view, fir the north boasts a fine enterprising race
of men, and many natural advantages which are not here
touched upou.
At Amsterdam, on the 20th instant, very little was
doing in Dutch or Foreign Stocks. The Two-and- a-
Half per Cents. were 55 3-16ths. In the Frakkfort
market on the 19th Austrian Bonds were 80i, and
Spanish Three pet Cents. 28i.
There is a fluctuating market again for public secu-
rities, and the fact of a further decline having occurred
at Paris has some effect here. Consols have,ranged from
951 to for Transfer, and from 95-i to for Account. The
latter are now 951 The premium on Exchequer-bills is
maintained at 61s. to 6'3s. On India Bonds it is 87s. to 88s.
The Foreign Securities have been quiet generally, but
Peruvian are better, the Active having touched 72i and
73, and the Deferred 281 to . Spanish Five per
Cents. have been 16} 4, and Portuguese Four per Cents.
33, being merely nominal. The new Danish Scrip is
21 to 2i premium, and Russian is premium. Mexican
Bonds have been heavy at 29k
Railway Shares have been dull, but without any
general change in prices.

ONE CLOSIN
PRIQES OF BRITISH FUNDS O'CLOCK. PRICES.
3 ~.i. Cent. Consols Annuities 95%1A WA 95%
3 per Cent. Annuities,l726 95 95
3 per Cent. Annuities, 1751 ...
India Bonds, I,ooot.
Consols for Account 95 Vs %NA 95%
.xchequer Bills. 114 d. & zu
1,0001. June 63 61 p
Small. June 6l p

65 p
61 p

ONE CLOSING
O'CLOCK. PRICES.

PRICES OF FOREIGN FUNDS.
tsrazilian BOWLS
Ditto, New, 1843
Danish Bonds, 1825,3 per Cent. •
.. 69 68
Ditto 5 Der Cent.
Ditto, Scrip
Mexican, 5 per Cent. 1846, with Coupons--
Ditto, Ex Jan. Coupons ...,...., 29 IA 29 4
Ditto, Account
Peruvian Bonds, 4 per Cent
Ditto, Account
Ditto Deferred
Portuguese 5 per Cents.
Ditto, Converted, 1841 32
Ditto, 4 per Cent.
Russian Bonds
Ditto Scrip l/4 P 11A P
Spanish 5 per Cent. 1840 1634 163
Ditto, Account
Dividends on the above payable in London.

32
33%

PRICES OT PAID. BUSINESS DONE CLOSING
RAILWAY SHARES. AT ONE O'CLOCK. PRI( E
,berdeen .......... SO
D, Preference ......

JO. Pretere Li,
Amber. Nott., Boston,
and Eastern Junction 7 iji......
Ayrshire and Galloway.. 7% —
Belfast & County Down 30 ...
Berks & Hants Extens.
(Gt. West. Per. 5 per ct.) 6
Birmingham and Ox-
ford Junct., calls duly
paid, or with a guaran. 20
Do, without guarantee 20
, irming, Wolverh'ton,
and Dudley, calls duly
pd, or with guarantee 15 ..... 21%1A... .
Do. without guarantee 15
Bristol and Exeter 100 ...... .. ...... ...
Ditto, Thirds ..» 33i
nuckinghamshire ...... 171%
Caledonian
Ditto, New IC?. Pref... 10
.;hester and Holyhead... 50
Ditto, Preference
Direct London & Ports-
mouth

_
Dublin and Belfast June. 40 ...... •••
Dundalk & Enniskillen 30

214

dis.
IP%
10%
6%
7%

East Anglian, 25L, L. &
E. and L. and D...... 25 --
Do., 3/. 10s., Pref... 31/4
Eastern Counties........ 20 ..... 7% ••
Po. North. & Eastern,
6 per Cent.
Ditto. 5 per Cent.... 50 ...... 57%
Eastern Union, Class A
(late E. U. Shares) 25
Do. Scrip (6 per cent.) 20 •... 17 .............. 17
Edinburgh and Glasgow 50 ..-.. 24% x.d 24% x.d
Exeter.Yeovil, & Dorch. 25m
Exeter and Exmouth... 21s.
Glasgow Dumfries, and
Carlisle ....... ... -8 1. 60. &1.... - ....... ...... •••
Glasgow,Kilmar., & Ayr 50 ......
Do. Preference Consol.
Gloucester & Dean Forest 121.

57%

~.,reat Northern
Do.,per Cent. Pref. 121A1
'rent 5
South. and West.
(Ireland)
Ditto, Eighths
rest North of England 100 ...... — ,
Ditto, New, 401 4O
Ditto, ditto 35
Ditto, New, 301
Ditto. New ,15/ l5 .. ..
Great Western 100 ...... 57 571 A •
Ditto, 14 Shares
Ditto, Fifths ... 20
Ditto, New 171... ..... 15 ...
Lancashire & Yorkshire 100
Do. Fifths... ... 10
Leads and Bradford
Leeds and Think •....• 60 .....• ...au. ••

57%
14

7 Vg
.... 37 x.d.
~. %.,x.d.