The Sun.
London, England, 1850-10-28 00:00:00

MONEY and COMMERCIAL NEWS.

TY, T O'CLOCK.
The sales of Cotton atCI
Liverpool onWO
Saturday were
estimated at 7,000 bules, of which 800 American and
1,200 Bri.zil were taken on speculation. The market
closed firmlv.—Railway Shares were dull, and prices had
a downward tendency.
TLe Grain Market is exceedingly heavy to-day,
owing to the large arrivals of foreign Flour.
Cape of Good Hope accounts of August 16 state that
the Boers beyond the Vaal River, having thrown them-
selves across the interior roads to the Great Lake, Messrs.
Galt and Anderson, the enterprising travellers, who had
determined to explore it, intended to proceed from the
west coast. The Kafir fever had committed great ra-
vages in the Zulu country. Most praiseworthy exer-
tions were being used at Natal to relieve the emigrants
shipwrecked in the Minerva.

The 'general tenor of the American advices is en-
couraging. Money was abundant, and Public Securities
were tending upwards. It is stated from New York:—
" The upward movement in prices is not confined to
this market. Speculators in Boston, Philadelphia, and
Baltimore, have exhibited the same spirit, and telegraphic
dispatches are daily received by brokers in Wall-street,
from parties in other cities, ordering, purchases of diffe-
rent stocks in this market. Several of our leading fancy
stocks are largely held in the above-named cities, and
hundreds of shares are daily purchased here on account
of speculators in all parts of the country. The tele-
graph affords wonderful facilities for stock speculators,
and during the sitting of the boards of brokers in
this city, Boston and Philaslelphia, dispatches are
continually passing from one to the other. This mar-
ket is the great regulator, and operators in other cities
hardly dare move until they are posted up relative to
movements here.

" There appears no indication of any unfavourable
change in the money market. The supply is largely in
excess of the demand, and loans can be easily negotiated,
on satisfactory securities, at five and six per cent. in-
terest. Business paper of the right stamp is not plenty,
and all offering is freely taken at seven per cent. Se-
cond and third rate paper is not easily negotiable, and
for some time past certain names have been refused by
note brokers, except at exorbitant rates. The banks
discount freely all good paper offered, and keep their
lines full up to the highest point."
It is stated that several persons have been deputed
from the Southern States, and are already in England
for the purpose of making some new commercial ar-
rangements here by which a direct trade may be opened
between the south and Europe.
The Fall business in Canada was commencing. From
Montreal Vk e are advised that the business of the week
had not been very spirited, " although several large gro-
cery auction sales have taken place, and a number of ex-
tensive ones are advertised for the ensuing week,
amongst which is the cargo of the Bulley, direct
from China. This vessel also brought a quantity of
Chinese fancy goods, which will be offered the day fol-
lowing the Tea sale. This and the other sales announced
will, in all probability, bring a large number of pur-
chasers into the market during the present or next
week, when we hope to record au extensive Fall business.
The stocks in market of most articles of hardware are
pretty complete, but there is rather a heavy stock of
bar iron; however, if the Fall trade is at all brisk, it is
not anticipated that there will be much overstock. Pig
iron continues in steady demand at 41. 15s. to 41. 17s. 6J.
"The regular traders to this port having nearly all
arrived, and the principal houses in the dry goods
trade have received all tbeir Fall importations, which
we believe have been rather over an average, and as but
few of the buyers from Upper Canada are yet in the
market, the warehouses look full and stocks well as-
sorted; as many of the Upper Canada and country mer-
chants may put off coming to the city till the week of
the Provincial exhibition, an extensive business may
be looked for soon."

At Frankfort, on the 25th instant, Austrian Metallies
were 76i and Spanish Three per Cents. 33 1-16 to
13-16. At Amsterdam, on Saturday, Public Securities
were quiet.
The following are the latest alterations in the Stock
Exchange rules:—

" Rule SB. When the ticket-day shall be fixed for a
Saturday those members who have to pay for stock or
shares shall pass a name for the same before twelve
o'clock.

" Rule 98. Registered shares, if not delivered within
ten days, may be bought in against the seller at or after
tvielve o'clock on the eleventh day, &c, &c.
" Rule 99. Every member who allows fifteen days
to elapse without availing himself of his right to buy
in, &c.,

"That the foregoing resolutions shall take effect on all
transactions made for and after the 14th November
next."

Some of these changes will materially facilitate busi-
ness, and are calculated to render share business more
legitimate, and to protect railway property from exces-
sive fluctuation.

The English Stock Market has been firmer this morn-
ing, but business is very restricted, in the absence of
later intelligence. Consols have been quoted 97 to e,
the New Three and-a-Quarter per Cents. 98 to 4, and
the Three per Cents. 961. Bank Stock is worth 211 to
212, being firm, and East India Stook has improved to
268 and 270. Exchequer-bills realise 655. to 68s.
premium.

in the Foreign Market the transactions have been very
limited. Mexican Bonds have been quoted 311. Peru-
vian Deferred 36, and Chilian 103, but with very few
bargains. Russian Four-and-a-Half per Cents. hare
been marked 974. Spanish Three per Conti. have been
at 394. Belgian Four-and-a-Half per Cents. have been
918 to 918, and Dutch Two-and a-lialf per Cents. 578.
Railway Shares have been tolerably steady, and with
moderate trantacticns.