The Sun.
London, England, 1850-05-23 00:00:00

fa o EY and COMMERCIAL NEWS
TWO O'CLOCK.

The sales of Cotton at Liverpool yesterday were es-
timutril at 7,000 bales, of which 1,000 American were
taken for export. The market closed firmly, at full
Aric a.—ln lLilway Shares a fair bushiest was done, at
higher quotations.
Acting in a manner which impartiality seemed to
dictate, we gave, a month or two since, the conliic.-
ing opinions or different persons in the trade concerning
the proip, ets of C,,ffee; and those who perused the same
must do Messrs. Franks and Mi!lard the justice to admit
that their prognostication of an important decline from
the then current rates was cornet. The reaction in the
article has, however, been so severe, that speculators
and moneyed men may begin to look to it as offering &
fair chance of profit, and as in all cases of overdore
operations, prices me unduly depressed. We hold our-
selves in nu way responsible fur the oPini..ns of corn-,
wpm-lents, and claim ever the right to exercise a proper
discretion, but es the members of the grocery trade form
the most important and intelligent body conflicted with
the colonial and foreign imports, 11.ey are quite capable
of discriminating►, and of judging of facts or opinions.
With this remark we feel no hesitation in giving the
following extracts from a communication by Messrs.
Franks and ,Millard:—

" GAIL e will be a speculative article during this year,
and it will require very grunt judgment anti tact to know
the best time when to lay in a stick. We have seen
good ordinary Ceylon sell freely at 64. to 655., and
middling colory 755. We protested at the time against
these unnatural Trices, and called them perfectly at ttti-
cial, and entreated ad connected with us Lot to buy
until good ordinary Ceylons receded to 455. We have
reason to know that many took our aivice, and worked
out their old stock, but we also know that others did not,
and the consequence has been what we predicted. Those
who bought at the high prices seem to be more fright-
ened at pi esent rates than when quotations were at their
extreme point, and are selling, depending on lower
priceF._

" We think this not a sound way to finish up a bad
speculation. We should say, hold on a little longer, or
buy at present prices, which would make a good average,
and should an advance take place, they would be able to
sell without a heavy loss, for we are pretty well satisfied
that speculation will send Coffves up again, and that
prices will vary—perhaps a few shillings lower, up to ss.
to 20s. higher.
" The trade are, however, now very bare of stocks,
and aro waiting to come in when they think prices are at
the lowest. We calculate there are 10,000 grocers who
will all want during the next three months an average
of five bags each. This would create a demand for
50 000 bags. Let this take place, and what can be ex-
pected but an advance of from ss. to 103. per cwt., par-
ticularly on colory Coffee, which is now selling at 48s. to
525. This Coffee never was cheaper, and we feel satis-
fied that moneyed Well will soon be turning attention to
it, and invest largely. . We feel assured that it would be a
good investment. ,
" The cry Of the_importers is that Coffee has decreased
iiiCOnsumption considerably during the past few months.
We believe this to,be a mistake. The trade during that
time held,duty-Paid stocks sufficient to list them from
four to six months, and the apparent falling off during
this period is in consequence of using their home stock.
Nothing shows, this, so much; as the immense clearances
at the present time, which we have no doubt will con-
tinue, and lye:, are confident that in a few months it will.
bes'proseed: that there has been no ma,terial decreate in
the censuniptiOn." ,
As to .any interference by Government with the
Chicory Udalteration, it isimpossible to ray whether that
will take place, but some of
"the present large holders
seem to expect it. -
The Clyde' steamer brings accounts of rather unfa-
vourable weather in some of the West India islands, rain
being wanted.
We have, received the following iriformstioa o the re-
mittance by the Clyde, from the Committee of Mexican
Bondholders:—

From Vera Cruz
From Tampico

Together ... 71',033 37c.
There were pending for account of the bondholders on
the 13th-15th ult—

I❑ Vera Cruz
In Tampico dolls. 105,764 2 „
The Mexican intelligence in the Lundou papers of the
16th and 17th inst. is confirmed.
'To this Colonel Facio adds that the total amount in
the Bunk of England, including the above remittance, is
662,587 dolls., available for the payment of future d ivi-
dends.

Mr. W. P. Robertson, in reference to the same matter,
tells us that he has received further letters trom
various influential parties there, not only confirmatory of
those he has already published, but all pressing on his
earnest attention the immediate adoption, by the bond-
holders, of the new arrangement proposed by Congress,
and which he is assured will meet with the immediate
and unanimous sanction of the Mexican Legislature.
One correspondent, in transmitting to Mr. Robertson
the projet de loi, has the following note at foot :
" This arrangement is one which with absolute secu-
rity can and will be fulfilled in all its parts. It has
already been presented to the Chamber, arid without
any doubt whatever will obtain its approbation."
The Committee of Spanish American Bondholders
have received a latter from Mr. Lord, the agent of the
Venezuelan Bondholders, dated La Guayra, the 22d ult.,
stating that he has not yet ,been able to wake any ar-
rangement with the Government at Caraccas in respect
to the overdue coupons.
There is an arrival with dates of March 15 from the
Cape of Good Hope, but we tied nothing of importance
in the papers.
The Funds are very steady. Consols have ruled at
95'1 to 96 for Transfer, and 95i to 96 for Account,
scarcely any effect having been produced by the
rise of 1 per cent. at Paris. The New Three-
and-a Quarter per Cents. have been marked
961 to 96k, and the Three per Cents. 94i to 95. Bank
Stock has been at 207 to 207 i. India Stock has been
quoted 2671. Exchequer-bills have realised 67e. to 7th.
and India Bonds 87e. to 90s. premium.
In the Foreign Market the transactions have been of
moderate extent. Spanish Five per Cents. have been
quoted, 17i, and Portuguese Four per Cents. 34
Mexican Bonds are 31 to 31+. and Grenada, 16k.
Danish Scrip is at 8 premium, and Russian at 2 pre-
miere. Dutch Two-and-a-Half per Cents. are £:4.
Railway Shares are more active, and prices are de-
cidedly buoyant, and in several eases higher.
The last week's Railway receipts, ascertained up to
this day, are in round figures as under:-
- 1850. 1849
Great Western
North-Western
South-Western
Brighton
Midland 22,637 , 20,814
South-Eastern
Scottish Central
Aberdeen
Caledonian
QUARTER TO THREE.
95;
954 i.
ONE CLOSING
PRICES OF BRITISH FUNDS O'CLOCK. PRICES.
Bank Stock
;air Cent. Reduced AMA .... 94%195 9438
3 per Cent. Consols Annuities...—. 953 t 96 9534, I 953/
'4'.w 314 per Cent. Anus... ...
L Jag Anna. to expire Jan.lB6o -16 81,4 814
India Stock
r,tia Bonds, 1,0001

Consols ... ••• •• ...
Ditto, Account, June 12 ... ...

Ditto under 1,000/.. ....... 90 87 p ' 87 p
Consols for Account 96 95% ' 9534
4.r.lreti Bonerll9. 114d.lea 2d ,
-1,000/. -June.;.-..... . .. .... 67 70 p ; 70 P
500/. June
Small. June
ONE CLOSING
PRICES OF FOREIGN FUNDS. O'CLOCK. PRICES
razi lian Bonds
Ditto, Small .
Buenos Ayres Bonds, 6 per Cent...
Ditto. Account

871/2

511/.2

Danish Bonds, 1825, 3 per Ceut —
Ditto 5 Der Cent.
Ditto, Scrip ..............
Equador Bonds ..
Grenada Bowls, 11/ per Cent 196 ' 16 V,
Mexican. 5 per Cent. 1846, with Coupons
Ditto, Ex Jan. Coupons .... —

i r..m,

, .
Ditto. Account
- Ditto, Small
Peruvian Bonds, 4% per Cent -
Ditto, Account
Ditto Deferred ' 3334% %
Portuguese 5 per Cents.
Ditto, 4 per Cent.
. Ituoian Bonds ... • -- -
. • Ditto, 414. per Cent.
, Ditto Scrip 234 p 214 p
Spanish 5 per Cont. 1841)
Dividends on the above payable in London.
Dutch 2% per Cent., 12 Guild. .. 5.5:h r 614
PRICES OF BUSINESS DONE CLOt,INC
RAI.WAY SJIAIIES. PAID. AT ONE O'CLOCK, PET( E,.
Aberdeen .. . 50
Do. Preference B- ...... die. 2% dis,
Amber. Nott., Boston,
and. Eastern Junction 8
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
Bald, or with a guaran. 20
Do, without guarantee 20
Birminp. Wolverh'ton,
and r udley, calls duly
pd, or with guarantee 15
Do. ,a ithout guarantee 15 -
Birming.,Wolverh'pton,
and Stour Valley 131. 14s ... good . .....
Birkenhead, Lancashire,
and Cheshire June.... 23
Bristol and Exeter 100 ... .. 64
°,.
Ditto, Third.
- dm.
si.uckingliamshire
Caledonian
• , ‘,
Do. New 10/. Pref..... 10
Dii to,Clydesd.ale June 50
C • eater and Holyhead... 50
Ditto. Preference
Clarence
Direct. London & Ports-

77

33:fi

333%

211%

mouth
Dublin and Belfast June. 424,
Dundalk ak Enniskillen 30 —•-• .....
East Anglian, 251., L. &
E. and L. and 13._ 25 •..••......•..•
Do. 18/., E. &'H.... 18 ... ....
Do., 3/. 10s., Pref... 31,4 — ..... .....
Ditto, 71. 175., 7 per
Cent.. Preference... 2 .. .............
eastern
/4 ..
Do., New Prtf.recCe, .....
per Cent: lO - "11j4. 2_
Ditto,Extenaion, 5 per •• •

•••..
• mq