The Sun.
London, England, 1850-03-01 00:00:00

MONEY and COMMERCIAL NEWt'.

CITY, QUARTER TO THREE.
There was a steady market fcr Cotton at Liverpool
yesterday, but no anxiety to purchase was shovrn, the
market being well supplied. The sales were estimated
at about 4,000 bales, without any alteration in prices,
and inclueed 200 Pernam and Maranham, at
6&d. to 68d. ; 600 Bahia, at 6jd. to 6id.
300 Surat, at 4id. to 41d., and 50 Sea Island, at ls. id.
to Is. sd. per lb.—ln Railways a slight improvement
occurred in both London and Midland Stock; the busi-
ness was larger in anlount, and the market closed firmly.
The Corn market is very dull to-day, but with small
arrivals.

In colonial and foreign produce there has not been
much doing this week. The result of the wool and indigo
auctions we have already noticed, and we have merely
to add that sugar is firmer, that corn-3 continues heavy,
and that tallow is neglected. Upon the condition of the
tea market, we have the following from Messrs. Franks
and Son:—

" The Tea Market during the early part of the month
was very active, owing to the continuance of the specu-
lative demand, and very extensive operations were made
in Congous of all descriptions; the highest price given
for common Congous was l ld., at which point the de-
mand subsided, and attention was dire coed to the
medium and fixer quelities, in which a large
business was done at but little advance on pre-
vious rates ; subsequently, upon the cessation
of the speculative excitement, common Congou
receded to 9d.; very few parcels, however, could be
bought at this price, and a demand for export having
arisen, nothing can now be procured under led. Not.
withstanding this decline there has been no heavy pres-
sure on the market, and large holders are not disposed
to give way; the general opinion still is that
the market will continue firm for black tea.
In green tea a good business has been done at im=
proved rates. The speculative demand for Hyson
has subsided, but previous prices are maintained; Im-
perial has been in request for export. There have been
large inquiries for Twankay for Canada. The small
stock on hand, which has been nearly all bought by
the shippers, has prevented any extensive business,
where contracts have been made an advance of lid. to
2d. has been given. Canton Gunpowder of the re-
cent arrivals has sold freely at ls: 3d. ; thO
finer qualities continue very scarce, and secure'
full prices. In Scented Orange Pekoe a fair
business has been done from the recent arrivals, at about
previous rates. Scented capers have been quiet. The
advises per Overland mail still show considerable excess
in the shipment of black tea over the previous year, but
as we have before remarked, this cannot be taken as any
proof of an excessive shipment for the season; the pro-
bability is, that the import will be under the consump-
tion. In green a large deficiency is shoWn, which must
cause improvement in prices of all"kinde."
Messrs. M'Nair, Greenhow, and Co., of Manchester,
send us the following:—
" The practical bearing of this market from the com-
mencement of the month to its close has been of a droop-
ing and downward tendency, interrupted only for two or
three days in the early portion of it by a spurious sym-
pathy with an abortive attempt in the Liverpool market
to resuscitate and raise the position and value of Cotton.
Pacts, after all, are the most powerfully argumenta-
tive and convincing, as many can now testify who
have hitherto been believers in the doctrine that
the high prices ruling here would induce a correspond-
ing response from foreign markets. Notwithstanding
the aggregate amount of transactions is eery considerable,
and is mainly the result of the extensive operations en-
tered into during January, few purchases of magni-
tude have been made during the present month. Indeed
purchasers may be said to have cautiously confined
themselves to existing and necessary wants, under a very
natural impression that many 'descriptions of both Cloth
and Twist would of necessity experience a decline."
The numerous railwa.y meetings held yesteielay, not
only in the metropolis; but also in various parts of' the
country, went oft upon the whole, as amicably as could
be expected. The' directors are meeting the views of
shareholders, and if late results are somewhat discou-

raging, especially'as regards dividends, future prospects
are sounder.

The shareholders in the General Screw Steam

Shipping Company, at their half-yearly meeting, re.
ceived a very favourable report, and a dividend was der
clared at the rate of 10 per cent. per annum. The
" screw " improvement is likely to work out such
portant results, that we are truly pleased to chronicle
the encouraging prospects of the company, and shall
look with interest to the carrying out of the proposed
arrangement for steam communication with Sydney.
The English Funds have been looking up a trifle this
morning. Consols have ranged froth 94i to 951 for
Money, and are now 95f to i for Account. Exchequer-
bills remain at 545. to 575. premium. The New Three-
and-a-Quarter per Cents. have been quoted 97f to 1.
At Frankfort, on the 26th ult., stocks were better; and
at Amsterdam, on the 27th, much the same.
In the Foreign market Peruvian Bonds are dwindling.
They have been done at 77 and 75f for the Active, and
at 33i to 32. for the Deferred. Mexican Bonds have
been 29- 1. The arrangements for an addition
of members td the new committee, and
the payment of the remanets, are reported to
be all but settled, though we have no official
information yet that such is the case. Russian Scrip is
11 to 2 premium. Spanish Three per Cents. are 56i.
Railway Shares are rather better. South-Western
have rallied decidedly, and also Great Western; Mid-
land, however, are rather lower. North-Western have
rallied. South-Eastern look flat.
The week's railway receipts made up to this date are
as under:—

184 L
£12,511
36,727
7,526
4,227
19.133
1,663
ONE CL*Ci
P ,;r' tittiTlSl ‘,UNDS O'CLOCK. PRICES.
E per Cent. Reduced Arms ... 95%14% 95%
3 per Cent. Consols Annuities... -... 94% 25 V 8 95(4,
New 34 per Cent. Anus
Long Anna. to expire Jan.l860
Ditto, 30 years, Oct. 10, 1859
Ditto 30 years, Jan. 5, 1860. 8 5-16 8 5-16
India Bonds, 1,0001
Ditto under 1,0001. ....».... 87 p 87 p
Consols for Account 9514 951/2
Exchequer Bills I%d. & 2d
1,0001. June 54 57 p
500/. June ............ 54 57 p
Small. June 54 57 p
PRICES OF FOREIGN FUNDS. Ma.
O'CLOCK.

Eastern Counties
North Western
South Western
Caledonian
Midland
Great Northern

1850.
.£13,849
37,913
8,068
5,921
19,565
2,641

PRICED

Brazilian Bonds —
Buenos Ayres Bonds, 6 per Cent —
Ditto, Account
Chilien Bonds 6 per Cent ;...
Mexican, 5 per Cent. 1846, with Coupons—
Ditto, Ex Jan. Coupons ....
Ditto, Account
Peruvian Bonds, 4 per Cent
Ditto, Account . 76 74%
Ditto Deferred
Portuguese 5 per Cents.
Ditto 5 per Cent., Converted
Ditto, Account 3214 3214
Ditto, 4 per Cent.
Ditto, Account
Russian Bonds ... 107 ex d 107 ex d
Ditto Scrip 1%% 2 p L 2po
Spanish :5 per Cent. 1840 17% 173/
Ditto, Account
Ditto. 3 per Cent
Ditto. Account
Dividends on the above payable in London.
itAILPwRAICyESSHAOFRES. rim. BUSINESS DONE CLOSING
AT ONE O'CLOCK. PRICES.
Berks & Hants Extens.
(Gt. West. Per. 5 per et.) 6
Birmingham and Ox-
ford jtmct., calls duly
paid, or with a guaran. 20
Do, without guarantee 20
Caledonian
Do. New 10/. Pref..... 10 `..., Ph % 7%
Eastern Counties...
Do., New Pref.rence,
6 per Cent. .... ...... 10 ...... 11% ...... ........
Eastern Union,. Class A
(late E. U. Shares) 26

Do-. Scrip (6 per cent.) 20 .... 15% —
... 15%
East Lancamhira
East Lincolnshire, guar.
6 per Cent.
Edinburgh and Glasgow 50 ...... 274 27
Great Northern
Do., 5 per Cent. Pref 121,E lO% .
Great Western 100.-- 56% 56 57% x.d. 57%x.c1.
Ditto, ILi Shares
Ditto, Fifths. ... . . ..,... 20

Lancaster and Carlisle... 50 —
Ditto,' Thirds ' 10
Lancashire & Yorkshire 100 ......
Ditto, ditto .
Do. Fifths:— ...... 10
Do. Thirds ......... lB ..

Do. New, Gua. 6 per ct. 10 ......
Do. (W. Riding Union) 19 ..... 2% 3.
London, Brighton, and
South Coast... lOO '. ..... 781/2 79 ......... 781/2
London and N Western 100...1021/2 102 102 x.d. 103rd
Ditto, New Quarters 12
Ditto, Fifths l2 ..... 11% 12 x.d ... 12 x.d.
Do. 101. (M. & B.) C 1 •—•• 136•-• .. •.- .. 1A
London &S.Western lOO ..... 65 64Nx.d...... 64A x. d
Manchester, Sheffield,
and Lincolnshire..-.100 ......
Ditto, New 101. Prof... 10
Do. Manchester and •
' Lincoln Union. .... 4/. 21. ...... 3% dis B% dis
Midland ...... ....... ....iio ..,..39 381/2 391/2 x.d 391 t
Do., 50/. Shares .... 30 .. •••43/4 5 4%.., s,*
Do. Consolid. Btistol and
N0rf80i1knn.i.n..g..7..6..P..e.r.c..t...7.1°°00 l-23% 217-2x31/.cl
North British ........ ... 25_ .... , ... ~
...
Ditto, Quarters ...... sm 29 - - 236
North Staffordshire ... 17% 6l/2 6ih
Reading, Guildford, and '
Reigate
Shrewsbury and Birm... 121/2 ...... ......... ..
South Eastern - l73'
1
' Do., Registered No. 4 10 , 5%.....
York, Newcastle, and
Berwick. .... ........... 25
Do. Newcastle Exton. 20
178 4171/2.ii.i........
........
.. '..
1571:i
Do. G.N.E.Preference 8
York and North Midland 50
Ditto Preference ...... 10
FOREIGN RAILWAYS. 6
Namur and Liege ...... 20 ... .. 61/2
.20 ...... 21711 ...
Paris and Rouen
2200 :::.....
29 %
... ...... !
sßamOUebllrealland
ElB le Havre
u
BBrraazziiiliiaannclomeapeerlael
u.i.a..b.:1 234:1117..E..5.. raiA ... 51/2
5,4
Cobra Copper
United Mexican 284 714 % 7le
JOINT.STOCK BANKS.
London Joint Stock.... 10 '
........ 17
144119 f 4119tritli9. - • 25
0..... ',mi. -- . WWI n%