The Sun.
London, England, 1845-08-28 00:00:00

MONEY and COMMERCIAL NEWS.
CITY, QUARTER TO THREE.

The sales of Cotton at Liverpool yesterday were 6.000 bags,
including 1,000 American on speculation. Prices were stea-
dily supported. A large business was done in—shares,__and_
they were very good.
The following is an extract from the mercantile report of
a firm connected with the foreign produce markets :
The greatly improved state of the weather, and as a con-
sequence the brightened prospects of the country relative to
the harvest, are everywhere producing congratulations and
thankfulness. But a short time ago all was doubt, and in
some quarters despondency, but the change has already
brought back confidence, and inspired a cheerful hope that
all will yet be well. Had our fears of a decidedly bad har-
vest been realised, there cannot be a doubt that
misery and ruin would have been spread from one
end of the kingdom to the other. Our trade and
commerce would have suffered an awful derangement, and
the working-classes would have become distressed in propor-
tion as they have for some time been prosperous. But can it
be wise to perpetuate laws which absolutely prevent us from
protecting ourselves when we are able to do so, against the
perplexities and casualties to which we must ever be
liable, from ui'avourable seasons and defective harvests.
That the present corn-laws do this no man can deny,
and that they must ultimately be entirely abolished all rea-
sonable men now fully believe. The last months have done
more to open the eyes of the public to their inexpediency,
if not their injustice, than all other labours for the last two
years ; but the patience and power of the British people
are such, that with no material change for the worse
in our present trading and manufacturing relations during
the coming winter, it is possible that they will let their voice be
so feebly heard against those laws in the next session of
Parliament, as to allow them still to disgrace the statute
book, and to be a curse to themselves. We hope it will not
be so, for past experience suffers us not to believe that the
spirit of reform in Governments will ever advance any
further than it is pressed forwards by the three of the
governed."
The advices by the Ashburton, from New York, reports
good weather for the crops, and an active market for cotton.
The improved state of feeling here, in reference to Ameri-
can Securities, there is reason to hope, from the tenor of our
accounts, will stimulate eventually the less honest States in
making some exertions to pay their debts.
There have been sales of money stock this morning, and
the quotations have given way a little, Consols having re-
ceded to 99% and 98%. Time bargains have been made
upon barely the previous terms-99% to %. The
premium on Exchequer-bills has been 51s. to 485., and
India Bonds have been 665. to 68s. Bank Stock has been
very firm again at 212 to 2121/2. India Stock is rather
heavy, however, at 271. The New Three-and-a-Quarter
per Cents. have been 102% %, and the Three per Cents.
993/4 %.
The Foreign Securities have been steady, but there has
been scarcely any business doing in them. Spanish Three
per Cents. have improved a trifle, being 381/2 5/8 ; Portu-
guese Four per Cents, are 643/4 ; Mexican continue flat at
341' ; Belgian Two. and-a-Half per Cents. are 62%.
In Railway Shares there is a good deal of activity again,
and the scrips are very buoyant. The old lines have been
quiet.
BRITISH FUNDS THIS DAY AT ONE O'CLOCK.
(From the Official List.)
Bank Stock 212%
_ . . .

3 per Cent. Reduced Annuities 99 S3/4%
3 per Cent. Consols Anns 99 984
New 314 per Cont. Annuties 1025%_
Long Annuities Expire sth Jan. 1860 ll 7-16%
Do. 30 Years, Expire Jan. 5, 1860.. 11 3-16
India Stock 271
India Bonds I,OOW CS 66
Ditto under 1.0001 66
Consols for Account
Exchequer Bills. 13/4d.
1,0001.
500/. ........
Ditto Small 54 51 53 pm.
PRICE OF FOREIGN FUNDS AT ONE O'CLOCK.
Columbian Bonds. lBl4
Mexican Bonds, 1837, 5 per Cent 34%
Portuguese Bonds, 5 per Cent
Ditto 4 per Cent.
Russian Bonds. 1822, 5 per Cent llB%
Ditto 3 per Cent

Ditto for the Account.
Belgian Scrip, 21/2 per Cent.
Dutch 2% per Cents
Ditto 4 per Cent. Certificates .. 9914
BUSINESS DONE IN RAILWAY SHARES AT ONE