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 descrip'ions 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
81d., 200 Surat 51d. to 6d., and 100 Sea Island at is. 2d.
to Is. 9d. per lb.—Railway Shares were steady.
The sals of Wheat last week in the markets which
make official returns were 81,760 quarters.
Advices of May 18th have 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 has
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
the season for England, laden with the produce of New
Zeilard, and three vessels had left for California, with
full cargoee, while others were preparing to follow.
First flour was 16?. to 20s. per 100Ibs. Beef 3d. to 6d.
per lb.
At Amsterdam en the 27th inst. there was nothing
particular doing in Dutch Stock. The Two-and-a-Half
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. Frern this it would appear that there were
issued last year four new series of treasury bonds,, each
series amounting to 3,000,000 tilveriroubles in order to
pay the expenses cif the Hungarian war. The loans
made, and constituting new debt, inscribed in the " great
book" 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 55,50.0,000 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
rouble!, and the amount of the precious metals
136,000,000 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 beexpected, 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
for 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 confiscation of
capital was proposed, has presented a modified project,
which, serious 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,
bat 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 years' arrears of dividends,
due on the Ist November next, being 501. sterling, 1501.
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. ev. ry second year until
it reaches 3 per cent.; while for every 100/. of Passive
Stock 331. 6s. Bd. of Active Stock, bearing the same in-
terest as 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, do something.
The English Stock Market is exceedingly inanimate.
Consols have been 96k to for Transfer, and 96-1 for
Account. The New Three-and a-Quarter per Cents. have
realised 98i to ; and the Three per Cent. Annuities
97 to k. Bank Stock has been at a rise to 215 and 216.
Exchequer-bills are 651. to 68s. premium.
In the Foreign Market Spanish Bonds are more
buoyant; the Five per Cents. have realised 18i ; and
the Three per Cents, are at about 374. Portuguese
Four per Cents. are worth 33 to 34. Mexican are called
29i ,• and Peruvian Four-and-a-Half per Cents. 81 to
82. Dutch Two-and-a-Half per Cents. have been
57i to t.
Railway Shares are rather buoyant, and the traffic
returns are mostly good.
The last week's railway receipts, ascertained up to this
day, were in round figures as under:— _ _

1850.
Great Western
North-Western
South-Western

1849.
16,150
45,753
11,015

Brighton ' 12,610
Midland 24.262

12.744
23,440

Dover

16,890

13,886

In a communication trom Munebtster by Messrs. J.
Railton and Sons, it is remarked upon railway matters
that—

" All reflecting persons may easily conceive the de-
gree in which Governmental interference may confuse
and harass the economy of a railway concern, however
slightly the atietept be made; but none can forget the
practical injury to railway interest when 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 necessaity
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-
tled in Chancery, 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 sad
carry off the spoil. Surely such madness will not again
be aiternpred, or shareholders suffer the disgrace for its
absolute necessity! Every man must now hold by his
ease; and suerly no present director will flinch from his
imperative duty until it is faithfully and honourably
performed."

.QUARTER TO THREE.
Consols96i *
Ditto Account ... 96i
BRITISH FUNDS THIS DAY AT ONE O'CLOCK.
(From the Official List.)
Bank Stock 216 215
3 per Cent. Reduced Annuities
8 per Cent. Consols Anns ..
New 3114 per Cant. Anas. 98% 991
Long Annuities. Exp. Jan. sth, 1560 8 5-16 81A
D 0.30 Years, Expire Oct. 10, 1859 8 1-.16
D 0.30 Years, Expire Jan. 5, 1860 —
India Stock 266
India Bonds under ....... 89 p
South Sea Stock 1053,(s
_ _

Bank Stock for Account. 21514
Consols for Account
w.xchequer Bills. I%d. 2d.
&larch. June.
1,0601.
500/ — 65 68 p
Small — 65 68 p
PRICE OF FOREIGN FUNDS AT ONE O'CLOCK.
Buenos Ayres Bonds, 6 per Cent......
Ditto for the Account
Mexican bonds, 1846,5 per Cent., Coupons
Ditto Ex Jan. Coupons
Peruvian Bonds, 4% per Cent

- Ditto Account : ...... .... Bl
Do. Deferred 33%
Russian Bonds. 1822,5 par Cent —
Ditto 4% per Cent 9S3A%
Spanish Bonds, 5 per Cent 18%% %
Ditto Passive Bonds 374
bpaniala Bonds, 3, per Cent,l840
Ditto for the Account 37%
Dividends on the above payable in London.
French Rentes, 5 per Cent.
Exchange 2sf. 30c.
Dutch 2% per Cent., 12 Guild
Ditto 4 ner Cent. Certificates

BUSINESS DONE IN RAILWAY SHARES AT ONE. O'CLOCK
RAILWATI. PAID. Pisa Ruse.
, uerdeen
Ditto, Preference
‘as her., N otting., Boston, &c. 81,E — ..... to
Ayrshire and Galloway 7% to
-3eifast and County Down .. 32 .. .. -
3erks and Hants Extension
iGt. West. Perpet.s per ct.) 6
4irmingoam & OxfordJ unct.,
calls duly pd, or with guar. 20
Do., withouta guarantee... 20
Birmingham,Wol.,& Dudley,
calls duly pd. or wit h guar. 15
Do., without a guarantee... 15
Binning., Wol., & Stour Val. 131.148 —
Birkenhead, Lancashire, and
Cheshirq Junction 2G
Bristol and Exeter 100
Buckinghamshire
L;aledontan
Ditto, New 10/. Preference 10 ...... —'
Ditto. Clydesdale Junction 50
..lhester and H01yhead......... 50
Ditto, Preference
,larence ...
Direct London & Portsmouth 514 to
Dublin and Bel fßstJunction.. 45
Dundalk and Enniskillen ... 30
E sst Anglia, 251. L. & E.,
and L. & D ...
Ditto, 18L ,E. & H lB ... ..
Do, 31. 138.,6 p. Ct. Pref. 3;4 —
Do, 71. 175., 7 per Ct. Pref. 2
Eastern Counties .....
Do. Eaten., 5 per ct. No. 1,61.131.4 d — p to
Do., do ... N 0.2,61. 138.4 d.. % p to
Do. New Pref., 6 per Cent.. 10
Do., Northern & Eastern... 50
Do., 5 per cont.
Ditto, New ..... .• 43 . .... ...... to
Eastern Union, Class A (late
E. U. Shares) ... .. 25
Ditto, ditto, Class A, ditto 6 .
Ditto, ditto, B & C .....• . 25
Ditto Scrip (guts. 6 per ct.) 20
East Lancashire
Do., New Quarters
Do., 6 per Cent. Preference
Quarter Shares
East Lincolnshire, guar. 6 per
Cent. ... .
Edinburgh and Glasgow 5O _
F.dinburgii, Perth, & Dundee 25
Ditto, New port
Exeter, Yeovil, & Dorchester 2% — t
Exeter and Exmouth 2lB.
Glasg., Dumfries, &Ce lisle.. Bl. 6a.Bd — .. —. to
Glasgow, Kilmarnock, & Ayr 50
Do. Preference Consolidated
*•-•• •-- .. to
Gloucester and Dean Forest.. 14
-- ••• ..• to
Great Northern .
Do. % A Deferred ..... ... 12% ...... 2%.. ... to :
Do. ti
B 6 per Cent....... 11%
7
Do., 6 per Cent. Pref....... 12%,..... 11114 to
to
Gt. South. & West. (Ireland) 50 -
Ditto, Eightlis ..... "....... 2% .... to 'NM ~ ....