The Sun. — 1850-07-15 (London, England)

COMMERCIAL NEWS•  CITY, TW 0 O'CLOCK.  A large business was done in Cotton at Liverpool on Sa'urday, the sales being 25,000 bales, of which 4,500 were taken for export and 13,000 on speculation. Prices were still advancing.—Rlilway Shares were flat, with a further temdency of prices to decline. Owing to the brilliant weather and increased arrivals, the Corn Market is very heavy, and Wheat is Is, lower.  The steamer from the United States has not yet arrived. She is not one of the fastest on the line, howcser, and would proceed from New York. _ _ _ _  The Hamburgh mail of Friday last gives the quotation for Bills on London at 13 8, and the price of gold at 433. In Exchanges a fair business was doing. Mo. ney was plentiful. Accounts from Messina state that the town had extended greatly its commercial relations since it was declared a free port in October, 1848, with England, France, the North of Europe, the ports of the Black Sea, and even with the United States. The commerce of Messina is all conducted within a period of eight months annually. The chief exports are sulphur, oil, sill=, linseed, fruit, &c. Its imports are oven more important, including colonial produce, hides from Brazil and Australia, cloth from Germany, and the general manufactures of England and Belgium. French fabrics, notwithstanding their superiority, form but a small proportion of the imports, attributable to their dearness. We learn from France that further seizures have lately teen made of British fishermen trenching upon the grounds n.ar Havre. The suicide of Mr. Walter Watts, formerly of the GI Ibe Insurance-office, naturally excites attention once again to the circumstances which distinguished his career. and in no quarter hare we heard a successful attempt to justify the faulty system pursued at the office, or the neglect of the directors, whereby such enormous frauds could be accomplished, supposing, of course, that they are of the magnitude state 1. It is quite possible that we :hall hear very little more of the matter ; firstly, because whatever loss may have arisen has already been deducted from the profits; and secondly, because the wealth of the company enables it to bear a leas extending over so many years with perfect ease. As a precedent, however, the case is not one jot the less objectionable, and while such things are possible on a small scale even, one cannot feel surprised at the announcment, ever and anon, of startling frauds committed upon great establishments. What we contend is that where a perf,ct system of booking exists, and directors and auditors perf,:rrn the duty for which they are paid, such continuous plunder coal not be carried on. Isolated robberies might occur, but they must be quickly accomplished._ _ _ _  The Funds have been much the same to-day, and the stets of the account, which has to be adjusted on Wedne6,lay, chiefly influences prices. The idea seems still to be that the Bull speculators predominate, and this acts as a check upon the further rise which the eundance a money, the comparatively favourable c,:nmplexion of political affairs, and the excvllulee of our revenue, would otherwise be calculated to produce. The French revenue has nen.,ibly improved, and promises well. Consols have bevn 961 -a- for Trans:'er, and 961 alternately buyers and at hers for August. Bank Stock has been at 211 to 2111. Exchegur-bills are 665. to and India Bonds 88e. to tt9i. premium. The Foreign Securities have been very inanimate again. Alexlean Bonds are 30, Peruvian at 81i- to 821, and Buenos Ayres et 56 to 568. Brazillian Old Bonds have improved to 93. Dutch Four per Cents. have been quoted £3Bl and Russian Five per Cents. 110 k. Spanish Three per Cents. have remained at 37*, the death of the infant Prince not having had the slightest influence.  There is an increased business doing in Railway Shares, but generally at lower rates, as buyers supply the market, and the half-monthly account is rather bullish. The statements as to dividends, &c., to be made at the next nrletingii, still cause uncertainty.