The Sun.
London, England, 1844-05-10 00:00:00

MONE WAND COMMERCIAL NEWS.

(From The Sun of Last Night.)

There was an animated inquiry for COttoli at Liverpool
yesterday, at fully previous rates ; sales about 7,000 bales, of
which 2,000 American were on speculation.—Shares had
rather a quiet appearance :—Dublin and Cashel, 4i ; Great
Western, Fifths, 21i ; Brighton, 45 ; South-Western, 85 ;
North British, 3; Paris and Lyons, 3 ; South-Eastern, 38i ;
lb. New, 12i.
The private bankers who have the privilege of issuing
notes, are up in arms at the prospect of there being, before
many years have expired, but one point of issue established
for England and Wales ; Ireland and Scotland being left out
of the Premier's plans for the present. The joint-stock banks
are pretty passive, as they have obtained more than they
expected from the Government. Private meetings were
held yesterday, of the principals, not only of the joint-stock
but of the private banks ; and of the former the shareholders
are to be convened in public meeting on an early day, to
consider—not oppose—the intended alterations in banking
and currency. There is no doubt but that the proposals of
the Ministers will be passed into law with but slight
modifications.
From a periodical that has been sent us, we extract the
following as to the Tea trade :
" The rate of consumption, upon the average, has more than
doubled in the United States within the twenty years, whilst
in this country it has progressed something more than one-
third only. The exports of Tea from Canton to the United
States, in 1840, exceeded 9,000,000 kilogrammes. The
inference from such premises would seem to be clear and un-
mistakeable. The growing customer for the teas of China
will, paripassu, become the largely growing monopolist of
the supply of China with cottons, woollens, hardwares,
metals, &c. What the United States do not produce them-
selves, or do not produce cheaply enough, they can be fur-
nished with in European Continental markets, on more ad-
vantageous terms. British merchants are already exporting
german and Belgian woollens to China, because the differ-
ence of prices, as compared with British manufacture:•, is
equal at once to a reasonable profit. We may remark, that,
for one, Captain Pidding himself has verified the fact, as-
suredly with no feelings of satisfaction, whatever the per-
sonal advantage accruing. Out of a bad bargain, nationally,
arising from the exorbitant taxation of tea, the public are
partially compensated, however, in one sense. For if with
cheaper German woollens the merchant is enabled to obtain
ten catties of tea against nine which Leeds or Gloucester
cloths would only procure, it is evident that from the larger
supplies, the price of tea must be cheapened to the consumer.
" We shall conclude for the present with remarking that.
in the heavier and more substantial qualities of cotton cloths.
American 'domestics' are already largely supplanting, and
in long cloths advantageously competing with, the similar
fabrics of British make in the markets of China. The raw
cottons of Georgia and New Orleans have but recently sought
the same regions, yet, from their superior preparation and
finer as well as longer fibres, they can hardly fail eventually
to supersede or to greatly interfere with the vent of one of
the chief export staples of British India. The lead of the
United States has already excluded that of this country in
all neutral marts."

We have been favoured with the sight of a commercial
letter from Mexico, which states that trade was excessively
dull there, and at Tampico matters were equally bad.
The Stock Markets have been very firm this morning, at
a quotation within a mere fraction of par. The Commis..
sioners took about the usual amount of Consols at 99k. A
few bargains were made at 994. The Three-and-a-Half per
Cents. are firm. Exchequer Bills are at 755. premium, and
India Bonds at 925. premium. Bank Stock is at 1954, and
India Stock at 2884 to 289, a rise of 14 to 2 per cent. since
the day before vest m.day.
The Spanish Sfcurities have fluctuated frequently this day,
and the tendency has been rather to improve. The Three
per Cents. have rallied from 33/ to 34/, and the Active Bonds
from 231 to 24. Portuguese Stock is dull at 454. Dutch
and Belgian Bonds are steady, and in the South American
Stocks the alterations trifling.
A fair amount of business has been transacted in the Rail-
way Shares, but prices have not generally materially altered.
In Bank Shares little is doing.

FOREIGN FUNDS THIS DAY AT ONE O'CLOCK.
Belgian Bonds, 5 per Cent 11
Columbian Bonds. l4
Mexican Bonds, '837, 5 per Cent. ........... 95 %
Ditto Deferred Stock 15%
Portuguese Bonds, 5 per Cent.
Ditto Converted 46% 45%
Ditto for the Account 4466%
Spanish Bonds, Five per Cent 1840 23%)4%
Ditto for the Account 1.... ... ....
Ditto Three-per Cent ..........
" " 34 %
Ditto for the Account
Dutch 2% per Cents 1%%
New Loan 1837. 5 per Cents
... 996%
PRICES OF SHARES THIS DAY AT ONE.
RAILWAYS. PAID, PER SHARE.
Bristol and Exeter '7o 76% to
Chester and Holyhead
Eastern Counties
Ditto New Registered 81. 6s. Pd.
Ditto Perpetual 5 per cent l3s. 4d.... 1%
Edinburgh and Glasgow
Ditto Registered
Great Western
Ditto % Shares 5O 75% ... to 75
Ditto Fifths l2 20% to
Harwich (Braithwaite) 2
Ditt4 (Lo .ke) ..... ... 2%
Hull and Selby
London and Birmingham. lOO 233 to
London and Blackw.ill 16%
London and Brighton 5O 44%%,,... to
London and Greenwich
London and South Western ...... 41%
Manchester and Birmingham ... 40 59% ...... to 58%
Newcastle and Darlington Junct. 18
North Midland
Ditto Thirds 21.. 13s. 4d 3- to
South Eastern and Dover 3234
Yarmouth and Norwich
York and North hlidland
Ditto 34 Shares 25 59% to
Paris and Orleans ............. ...... .. 20 ... ..... 38%
3IANCHESTER STOCK EXCHANGE, MAY B.—There is no
material change in our market to-day ; our quotations are :
Manchester and Birmingham, 59 to 59A ; North Union, 1 Doi ;
Sheffield and Manchester, 804 to 81A ; South-Eastern, 38A
to i ; Ditto, New, 12 to 121} ; Caledonian, 4 11-16 ; Man-
chester, Bury, and Rossendale, 5 15-16.

CLOSING PRICES.
BRITISH FUNDS.
Bank Stock
i per Cent. Red 49 Ditto Bonds
.3 per Cent. Cons
.334 per Cent. Re 1
New 334 per Cent 102% Ex. Bills, 1,0001. 114 d... 75 pia
New 5 per Cent. .......
Long Annuities to expire 1 Ditto Small 75 pm.
Jan. 1860 144 Bank Stock for Acct.... 19',
Oct. 1859.. .....
Jan. 1860 l2 11.16 !India Stock for Acct.... 289

FOREIGN FUNDS.
Austrian. 5 per Cent — Portuguese, 5 per Cent —
Belgian, 5 per Cent 102% Ditto, New Ditto —
Brazilian Bonds — Prussian, 5 per Cent
Buenos Ayres, 6 per Ce..t... Russian, S per Cent —
Chllian, 6 per Cent — Ditto, hletallic
Colombian, 6 per Cent
Ditto, 1824 — Ditto, 3 per Cent ... ......... ... 34 zi
Cuba Bonds, 6 per Cent l)3 (Ditto, Deferrer:
Danish, 3 per Cent
Greek, 18,5, 5 per Cent — Exchange —4. —c.
Mexican, 5 per Cent .... ..... 3:,% French, 3 per Cent...., —f. —c
Ditto, n per Cent., 1837. — • Dutch, 2g per Cent...-. 61%
Peruvian, 1825, 6 per Cent... ;Ditto, 5 per Cent lOO%
- -- - - - --

SHARES.
Birmingham and Gloucester (100 paid) 93
Bristol and Gloucester (3i' paid)
Caledonian, 5 paid
Eastern Counties (23 paid)
• Ditto Registered (816 s Bcl paid)
Ditto Perpetual, 5 per Cent., 13s. 4d. paid
Edinburgh and Glasgow, 50 paid
Ditto, Registered. 125( paid l6
Great Western (75 paid)
Ditto Half Shares (50 paid)
Ditto, Fifths, ,2 paid 2l
Harwich (Braithwaite), 2 paid.
Ditto, Locke, 2% paid 44
Hull and Selby, 50 paid t 0
Ditto. Thirds, £2l 13s. 4d. poid SO%
London and Birmingham (Stock)
Ditto, Quarter Shares ( 2 paid) 27
London and Blackwall (161. 13s. 4dl) 7
London and Brighton (50 paid)
London and Greenwich (12/. 15s. 4d. paid) S
Londest and South Western (414 6s. 10d. paid) B5
London and Croydon (Trunk) 19%
North Midland (100 paid)
South Eastern and Dover (3312 s 4d paid)
Ditto New Shares ( 4 paid)
Paris and Orleans (20 paid)
Paris and Rouen, 20 paid